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, . 200602366 18. Foreclosure Prol:edure. If Lender requires immediate payment in full I,Inder paragraph 9, Lender may invoke the power of sale and any other remedies permltted by appUcable law. Lender shall be entitled to coUed all C"Pcnses incurred in pur~ing the remedie3 J,mder this paragraph 18, jncludin"" but not limited to, reaSt;Jnable attorneys' fOOl and costs of title evidl:!nce. IT the poWtr of sale is invoked, Trustee sb~ll TlXorn a notice or default In eat'll county in which any part of the l"roperty is located and shall mail f;opies of such notice in the manner prescribed by applicabl~ luw to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shan give publl~ RoUce of sale to the persons and in the manner presli:ribed by applicable law. Trustee, without demand (In Borrower, Shall sell the f-'roperty at public auction to the hightst bidder at the time and p,lace and under the terms designated in the notice of sale! in QlJe or more patt:els and in any ord~r Trudee d~crmines. Trustee may postpone sale of all 1)1;' any parcel of tbe Prollerty by public announcement at the time and place or any previously scheduled sale. Len(ler Qr its designee may purc:hase the Property at ~o.y sale. If the Lender's inteRSt in this Security Instrument is hl;!hl by the Seeretl.ry and the Secretary requires immediate payment in full under Paragraph 9t the Sel:relary may invoke the nonjudleiill power or sale provided in the Single Family MortgHJilC Foreclosure A~t of 1994 ("A~t") (12 V.S.C. 3751 et seq.) by requesting a forcdosure commissioner designated under the Act to commence foreclosure and to !!lell the Property as provided in the Act. Nothing in the pretediJig s~tmce shaU deprive the Secretary of any rights othetwi5c available to a Lender under tbis Paragraph 18 or applicable haw. Upon t'Kcipt of payment of the price bid. Trustee shall denv~r to the pu~~l1Qser Trustl!c's deed emivcying the r.-operty. The recitals in the Trustee's deed shall be pti.....D facie evidene~ or the truth of the statemeots made therein. Trustct! ~halJ apply the procteds of the sale in the foHowing order: (a) to aU cords and e"pen~es of exercising the power of sale~ and the s.ol~, jncluding the payment of the Trustee's fees actually in4;urred, not to exceedS. 000 % of the principal amount of tile note at the time of the declaration or detn~llt, and reasonable attorneys' Fees as permitted by Jaw; (b) to all sums secured by this Security Instrumllnt; and (c) any excess to the person or p~ns leaally entitled to it. 19. Rec:onveyance. Upon payment of all sum... secured by this Security Instrument, Lender shall request Tl1lStee to fe(:onvey the Property and shall surrender this Security Instrument and all notl":$ evidencing debt secured by this Sttudty Instrument to il1lstee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons sb...ll pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Tt1lstee appointed hereunder by an instrument recorded in tbe county in which tb,is Security Instrument i~ tecorded. Without conveyance of the l'fOperty I the !J\lccessor truiJt~e shall succeed to all the title, power and duties confened upon Trustee herein and by applicable law. 21. Reqlll:St for Notili:e8. Borrower requests tbat copies of the notices of default and $ale be sent to Borrower's address which. .5 the Property Address. 22. Iliders to this Security In$frument. If one or more riders arc executed by Bo.t'rower and recorded together with thIS Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement tbe covenanlS and agreements of this Security lnstt\lment as if the rider(s) were a pan of this Security In'Ejrncnt. [Check applicable box(e5)]. Condominium Rider 0 Growing Equity Rider o Planned Unit ~veJopment R.der 0 Graduated .payment Rider T.u~ ~IRG RIDER e.,-4AINIiiJ 19!1011 "IDe 7 III II "-'G Inldal$: t~- - - 03/15/2006 8:43AM (GMT-06:0Q)