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<br />200700543 <br /> <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender may invoke the <br />power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred <br />in pursuing the remedies provided in this Paragraph 18, including, but not limited to, reasonable attorneys' fees and costs <br />of title evidence. <br /> <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property <br />IS located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other <br />persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to <br />the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property <br />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 <br />more parcels and in any order Trustee determines. Trustee may postpone sale of aJ) or any parcel of the Property by <br />public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br /> <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. <br />The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall <br />apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the <br />sale, including the payment of the Trustee's fees actually incurred, not to exceed .5000 % of the principal amount of the <br />note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by <br />this Security Instrument; and (c) any excess to the person or persons legally entitled to it. <br /> <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment <br />in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage <br />Foreclosure Act of 1994 ("Act") (12 V.S.C. 3751 ~ g:g,.) by requesting a foreclosure commissioner designated under the <br />Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive <br />the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br /> <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey <br />thc Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to <br />Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. <br />Such person or persons shall pay any recordation costs. <br /> <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any <br />Trustee appointed hereunder by an instrument recorded in the county in which tbis Security Instrument is recorded. Without <br />conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein <br />and by applicable law. <br /> <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which <br />is the Property Address. <br /> <br />22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with <br />this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the <br />covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. <br />[Check applicable box(es)] <br /> <br />Condominium Rider <br /> <br />Growing Equity Rider <br />Graduated Payment Rider <br /> <br />Planned Unit Development Rider <br /> <br />Other(s) <br />[ specify] <br /> <br />GV2171-6 (696) Page 6 on <br /> <br />FHA Nebraska Deed of Trust <br /> <br />D11 <br />gD~-. <br />