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<br /> �• '�� 18. Foreclosure Procedure. I[Lender requlres iminedlate puyment in full under paragraph 9, Lender may _
<br /> invoke the power oY sale and any other remedies permitted by appllcable law.Lender sdall be eatitled to collect �i
<br /> nll expenses lncurred in pursuing the remedies under this paragraph 18, including, but not Iimited to, �
<br /> � '- reasona6le attorneys'tees and costs oP title evtdence. y a�of —
<br />_ <� ; I[the power of sale Is invoked,Trustee shall record a notice of default in each count in whlch any p _
<br />� the Property is located and shall mall cupies of such notice in the manner prescribed by applicable law to _
<br /> Borrower and to the other persons prescribed by applicable law. A[ter the time requlred by applicable law, �
<br />- � Trustee shall give public notice of sale to the persons and in the menner pr�scribed by applicable law.Tru.stee, �.
<br /> -f �• without demurd on Borrower, shall sell the Property at publtc auction to the highest bidder at the time and
<br />- placc and under the terma designated ln the notice oi sale [n one or more parcels and in any order Trustee
<br />� � determines.Trustee may postpone sele of all or any parcel of the Property by publ(c announcemen!at the time
<br />' , and pla�e of aay prevtously scheduled sale.Lender or its deslgnee may purchase the Property at any sal re uires =
<br /> If the Lender's interest (n this Securlty Instrumeat ic held by the Secretary snd the Secretary q
<br /> immediate paymeut in full under Paragraph 9, the Secretary may invoke the nonJudicial pawer of sule
<br /> �� provided in the Single Fumtly Mortguge Foreclosure Act of 1994("Act") (12 U.S.C. 3751 et seq.)by requesting
<br /> a foreclosure commissioner deslgnated under the Act to commence foreclosure and oP an" rt hts otherwise Y •
<br /> ., ,. provided in the Act. Nnthing in the preceding sentence shell deprive the Secretary Y B [�_-_
<br /> availnble to u Lender under thts Paragraph 18 or applicable law. -
<br />_ '� � Upon recelpt ot payment of the price bid,Trustee shall del(ver to the purchaser Trustee's deed conveytng -
<br />��•� tlie Property. The recttals in the Trustee's deed shall be prima fncie evidence of the truth of the statements �_
<br /> " made therein.Trustee shnll apply the praceeds of the sale in the following order: (a)to all costs and expenses of
<br /> excrclsing the pawer of ssle,nnd the sale, Including the paytnent of the'1'rustee`s fees acivaily �ucsuz'e�+�ta=to
<br />�°+• . exceed f i ve (5) %of the prIncipal nmount of the note at the time of the declaration ot default,
<br /> - - and reasonable attorneys'fees as permitted by law;(b)to all sums secured by this Security Instrument;and(c)
<br /> �h .� any excess to the person or persons legally entitled to ft.
<br />��"'''` � 19.Reconveyance. Upon payment of all sums secured by this Security Instniment, Lender shall request Trustee
<br />_�'��"�~' •• ~t�:. to reconvey the Property and shall sunender this Securiry Instrument and all notes evidencing debt secured by this
<br /> ''" � Secuilty Instrument [o 'TNStee. Trustee shall reconvey the Property without wananty and without charge to the
<br /> `� ' ;, , persan or persons legally entitled to it.Such person or persons shall pay any recordation costs.
<br />' • • • � � 20.Subsdtute Trustee. I.ender, at its option. may from time ro time remove Trustee and appoint a successor
<br /> _ , :ti,;�.0
<br />_ .• • •'�� trustee to ar►y Trustee appointed hereunder by an inst�ument recorded in the counry in which this Security Instrument �
<br /> `y�" is recorded. Without conveyance of the Property,the successor trustee shall succeed to all the title, power and duties
<br />= " " � confened upon Trustee herein and by applicable law. e
<br />_ -- ' 21.Request for Notices.Borrower requests that copies of the notices of dcfault and sale be sent to Bonower's '
<br /> - .� '; address which is the Property Address. _
<br /> �;., :.
<br /> "` . . 22.Riders to thfs Securtty Instrument. If one or more riders ace executed by Bonower and recorded together _
<br /> ° �• with chis Securiry Instrument, [he covenants of each such rider shall be incorporated into and shall amend and F-
<br />' ' '� supplement the covenants and agreements of this Securiry[nstrument as if the rider(s) were a part of this Security �;:_
<br /> _ � Instrument. �Check applicable box(es)J. _
<br /> :� ❑ Condominium Rider 0 Growing Equity Rider ❑ Other[specify) u
<br /> :
<br /> ❑ Planned Unit Devclopment Rider 0 Graduated Payment Rider r
<br /> �•4RlNETiscoa�.o� Pnqe7ot8 imuaro: ��
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