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200701002 inform Borrower of the right to reinstate after acceleration and the right to hrin~ a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured hy this Security Instruml'nt without further dcmand and may invoke the powcr of sale and any othcr remedies pcrmitted by Applicable Law. Lender shall he entitled to collect all expenses incurred in pursuin~ tbe remedies provided in this Section 22, includin~, but not limited to, reasonable attorneys' fees and costs of title evidence. If thc powcr of salc is invokcd, Trustce shall record a notice of' default in eaeb county in which any part of the Property is located and shall mail copies 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 tbe persons and in the manner preserihed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at publie auction to the highest bidder at the time and place and under the terms designated in the notice of' sale in one or more pareels and in any ordl'r Trustel' determines. Trustee may postpone sale of all or any parcel of the Proper!)' by Imblic announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. 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 ot'the truth of'the statements made therein. Trustee shall apply the proceeds of the sale in the tilllowing order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums seeurl,d by this Security Instrument; and (c) any excess to the person 0 r persons legally entitled to it. 23. Reconveyance. lJpon paymenl or all sums secured by this Security InstwIllent. Lemler shall request Trustee to reconvey the Property and shall surrender this Secmity Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reeonveying thc Property, but only if thc fcc is paid to a third party (such as the Trustee) for scrviees rendered and the charging of thc fce is permitted under Applicable Law. 24. Substitute Trustee. Lendcr, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustec appointed herellnder by an instrument recorded in the county in which this Secllrity lnstnunent is recorded. Without conveyance of thc Property, the successor trustee shall succeed to all the titlc, powcr and dutics confcrrcd upon Trustee herein and by Applicable Law. 25. Request tilr Notices. Borrower requcsts that copies of the notice of dcfault and sale be sent to Borrower's address which is the Property Address. NIWRASKA - Singte Family - Fanni. .\'Ia./F...ddi. Mac L:'IIIFORM Il\STJ{IJM~;NT wlTn MEltS FOI'm302li 1/01 VMP-6A(NE) (0407).0] Page 14 or 16 LJ/J. .. 1'\,Q.. . IlIitiabID .~._.__