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200311137 18. Foreclosure Procedure. If Lender requires immediate payment liin full under pa-graph l be en9, Lender met invoke the power of sale and any other remedies permitted by app all expenses incurred in pursuing the remedies under this paragraph 18, including, but not limited lo, reasonable attorneys' fees and costs of title evidem•e• art of If the power of sale is invoked, Trustee shall record a notice of default in each county in wh'1lcablelaw to the Property is located and shall mail copies of such notice in the manner prescribed by app " 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 b app without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and Trustee place and under the terms designated in the notice of sale in one or more parcels ad in any order the time determines. Trustee ntav postpone sale of all or any parcel of the Property a [ y . and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Sec ires If the Lender's interest in this Security Instrument he Secretary by may the the nonjtudic al rpoN rrofusale immediate payment in full under Paragraph provided in the Single Family Mortgage Foreclosure Act of 1994 ( "Act's (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender 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 Trustee'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 of sale, and the sale, including the payment of the Trustees fees actually incurred, not �o exceed ale, a % of the principal amount of the note at the time of the dec�aration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums 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 reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee 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 " rrustee and appoint a successor rded trustee to any 'trustee appointed hereunder by an instrument reco n the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. hiders to this Security Instrument. It' one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated wens. L part shall srtSecu ty supplement the covenants and agreements of this Security his as if the rider(s) 1 lnstnuncnt. [Check applicable box(es)]. Q Other f specifv] [J Condominium Rider Growing Equity Rider Planned Unit Development Rider Graduated Payment Rider PAY• 7 0l 0 Imtul�� W� �•4R(NE) (V604) 06 IV