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201400194 <br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which any <br /> part of the Property is located and shall mail copies of such notice in the manner prescribed by <br /> applicable law to Borrower and to the other persons prescribed by applicable law.After the time <br /> required by applicable law,Trustee shall give public notice of sale to the persons and in the manner , <br /> prescribed by applicable law.Trustee,without demand on Borrower,shall sell the Property at public <br /> auctiou to the highest bidder at the time and place and uader the terms designated in the notice of sale <br /> in one or more parcels and in any order Trustee determines.Trustee may postpone sale of all or any <br /> parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br /> Lender or its designee may purchase the Property at any sale. <br /> If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br /> immediate payment in full under Paragraph 9,the Secretary may invoke the nonjudicial power of sale <br /> provided in the Single Family Mortgage ForeclosureAct of 1994("Act")(12 U.S.C. 3751 et.seq.) by <br /> requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell <br /> the Property as provided in the Act.Nothing in the preceding sentence shall deprive the Secretary of <br /> any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br /> Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed <br /> conveying the Property.The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br /> the statements made therein.Trustee shall apply the proceeds of the sale in the following order: (a)to <br /> all costs and expenses of exercising the power of sale,and the sale,including the payment of the <br /> Trustee's fees actually incurred and reasonable attorneys'fees as permitted by Applicable Law;(b)to <br /> all sums secured by this Security Instrument;and(c)any excess to the person or persons iegally <br /> entitled to it. <br /> 19. Reconveyance.Upon payment of all sums secured by this Security Instrument, Lender shall request <br /> Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br /> secured by this Security Instrument to Trastee.Trustee shall reconvey the Property without warranty and <br /> without c6arge to the person or persons legally entitled to it. Such person or persons shall pay any <br /> recordation costs. <br /> 20. SubstituteTrustee.Lender, at its option, may from time to time remove Trustee and appoint a successor <br /> trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security <br /> Instrument is recorded.Without conveyance of the Property,the successor trustee shall succeed to all the <br /> title,power and duties conferred upon Trustee herein and by applicable law. <br /> 21. Requestfor Notiees.Bonower requests that copies of the notices of default and sale be sent to Borrower's <br /> address which is the Property Address. <br /> 22. Rldersto this Seeurity Instrument.If one or more riders are executed by Borrower and recorded <br /> together with this Security Instrument,the covenants of each such rider shall be incorporated into and shall <br /> amend and supplement the covenants and agreements of this Security Instrument as if the rider(s)were a part <br /> of this Security Instrument. [Check applicable box(es)]. <br /> � Condominium Rider ❑ Growing Equity Rider � Other[specify <br /> 0 Planned Unit Development Rider ❑ Graduated Payment Rider Legal Attache� <br /> W P�Kluwe Ffiancial Serv Ees II I I II II'I I I I IIIIII I I I�I I I IIIIII I II I I I I I I I I I II III VMP4N(N Pege BZof�0 <br /> q03322311342 0233 324 0810 <br />