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200302403 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shalt be entitled to collect all expenses incurred in pursuing the remedies under this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, 'Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail topics of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or mitre parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Fondly Mortgage Foreclosure Act of 1994 ( "Act ") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Properly as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Leader under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the 't'rustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power or sale, and the sale, including the payment of the Trustee's fees actually incurred, not to exceed 5.0000 % of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all stuns secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to re convoy the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. 'Tmstee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to eery Trustee appointed hereunder by an instrument recorded in the comity in which this Security Instrument is rworded. Without cunvcymre of the Property, the successor trustee xhall mcce:d to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request fur Notices. Burrower rcquevts Ocat copiers ul the nutiu:s of default and sale he sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agre:mcrns of this Security Instrument as if the rider(s) were a part of this Security Instmment. [Check applicable box(es)]. II Condominium Rider n Growing Equity Rider Other [specify] L] Planned Unit Development Rider El Graduated Payment Rider <NINEI wsom.ol race r oe e 1n11�Qa� it