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2� 1 ���4� 1 <br /> a�ter acceleration and th� right to bring a court a�tian t� assert�he non-exist�nce of a <br /> default or any oth�r defense �f Barrow�r to a�celeration and sale. �f the d�fault is <br /> na# cured on ar before the �ate specif�d �n the notice, Lender at its �pfion may <br /> requir� immedia#e paym�nt in full of all sums secured by th�s Secur�ty Instrumen� <br /> ►�ithout furth�r dernand and may ir�vake #he po►►ver of sale and any other remedies <br /> permit�ed by applicab�e law. Lender shall be enti#�ed to �olle�t a!I expenses in�urred <br /> �n pursuing th� remedies provided in this Section 7, in�luding, bu� not limited to, <br /> reasana�Ee afforn�ys'fees and costs of title evidence. <br /> If the power of sale if�nvoked, Trust�e shalf record a notice af d�fau!# in ea�h coun�y <br /> in which any par#�f�h� Property is located and shall mail capies 4f su�h no#ice �n the <br /> manner prescribed �y appl�cable la►�v �� Borra►rv�r and to the ofher persons <br /> pres�rihed by appli�able law. After�he time required by a��licable la�r, Trus#ee shall <br /> give pu�lic notice of sal� to the persons and in th� mar�ner prescribed �y appl�cable <br /> �a►rv. Trustee, ►nrith�ut demand on 8orrower, shall sell the Property a� �ublic auct�on <br /> t� the highest bidder at the time artd place and under the #erms designa#ed �n the <br /> no�ice of safe in �ne �r more parcels and in any order Trustee de#ermines. Trustee <br /> may pos#pone sale of all ar any parcel �f�he Praperty by public annaun�ement at th� <br /> time and place of any previously s�hedu[ed sale. Lender or its d�signee rnay <br /> purchase th� p�operty at any sale. <br /> Upon re�ei�t of payment �f #h� price bid, Trus�ee shaEl d�I�Wer to the �ur�haser <br /> Trustee's deed can►►eying the Property. Th� recitals in the Trusf�e's d��d shall be <br /> prima fac�e ev�dence of the truth of th� sta#ements made therein. Trustee shali apply <br /> �he proc�eds of the sale in the f�llowing �rder: �a} #o al� expens�s �f ex�rcising the <br /> pawer of sale, and �he sale, includ�ng, #he payment af Trustee's fees acfually <br /> incurred, nat to exce�d �°/o af the prir��ipaf am�unt af the not� a� th� time of �he <br /> declaraf�on af defau��, and reasanab�e attorneys' fees as �ermit�ed by la�rv; �b} to al� <br /> sums s�cured by this Security Ins#rumen�; and �c} any excess t� the persan or <br /> pers�ns �egal�y enfitled #o it. . <br /> If the Lender's interest in this Security instrument is hei� �y the Secretary and <br /> the Secretary requires imrne�iiate paym�nt in fulf under the Paragraph 7 �f the <br /> Subvr�linate Note, the Secretary may in�oke the nonjudicial power of sale <br /> pr�vided in the Single Family Mortgage Fore�l�sure A�t of �994 �"Act"� {�� <br /> US� 375'� et se�t� by re�u�stin� a foreclosure c�mmissioner �esignated ur��ler <br /> the Act to c�mmence foreclosure and to sell the Property as pr�vided in the <br /> A�t. N�thin� in the prec�dtng sentence shall depri�e th� Secr�tary of any <br /> rights atherwise a►►ailahle to Lender under this paragraph �r applicable law. <br /> S. Rec�n�evan�e. � <br /> ,� <br /> Upon payment of af� sums secured by thEs Securi�y lnstrum�nf, Lender shall re uest <br /> q <br /> Trustee �o recon�ey the Pro�er#y and shall surrender this Security �nstrument and all <br /> not�s evidencing de�t secured by thEs Securify Ir�strument �o Trustee. Trustee shall <br /> recon�ey the Property w�thau� warranty and without charge t� the person or pers�ns <br /> ��gally entit�ed t� it. Such p�rson or persons shall pay any recordafion cos�s. Lender <br /> may �harge such person or persons a f�e for rec�n�eying th� Praperty on�y if the fee <br /> Page 4 of th�Subordinate�eed of Trust orrower Ini�i Lines <br /> *Pleass add the appropriate number af initial lines fvr each signa#ory over 4 <br />