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. , 200703026 Instrument. The notice shall sp('dfy: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrowt>r, by which the default must he cured; and (d) that failure to cure the default on or before the date spedfied in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. If the default is not ('l\red on or before the date specified in the notic(', Lender at its option may I'N!uire immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicahle Law. Lender shall be ('J}titled to collect all expenses incurred in pursuing the remedies provided in this Section 21, including, but not limited to, reasonable attomeys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall rewrd a notice of default in each county in which any part of the Property is located and !ihall mail copies of such notice in the manner prescribed by Applicable Law to Borrow(~r and to the other pt~rs()ns presuibed hy 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 tinu, and place and under the t~'rms d(~signated in the notice of sale in one or more parcels and in any order Trllsl('(~ determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the Itinw and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the prke bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Tl'u!itee's dt'ed s)lall be prima facie evidl'llce of the truth of the statements made therein. lrllske shall apply the proceeds of the salt, in the following order: (a) to all costs and expenses of ext:rcisil11g the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permilted by Applicable Law; (b) to all sums secured by this Security Instrument; and (l~) any excess to the person or persons legally t:ntitled to it. 22, Reconveyancc, Upun payment or all SUlllS secured by this Security Instrument, Lender shall request Trustee to reconvey the Propl'rty (mu shall surrender this S~I:l,rity Instrument and all notes evidencing debt se~ured by this Security Instrument to 'fnlstee Trustee shall recolln:y tIle Property without warranty. Borrower shall pay any recordation costs. L.enuer may charge Borrower a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) f()r services rendered and the charging of the fee is permitted under Applicable Law. 23. Substitute Trustee, Lender, at its option" may fi-()(ll time to time remove TIU,tee and appoint a successor trustee to any TrusL;i' a;'pointed hereunder by an j~lstnll1lel1t recurded in the county in which this Security Instrument is recorded. Withll!t '>mveyance of the Prope!'ty, the ~;uccessor trustee ,hall succeed to all the title, power and duties ccnf'en-ed upcn Trustee hen;in and by Applicable Law. 24. Request for Noticcs. Borrower rcquest~; tha, copies o1':he notice of default and sale he sent to Borrower's address which is the Property Address. BY SIGNING BELOW, Borrower accepts and agreeS to thc terms and covcnants contained m this Security Instrument and in any Rider executed by Borrower and recorded with it. ..----.".....-.-.-.,,',. ._---_.,~".._--~.~.~-----., ~--------"'------"~'.- (Seal) NE - Closed-end Seeuritv Im;tr. HCWFil75v5 (V 1/05) 111.lllmll~lii~I~IIIIIII~II~IIII~lil!1ll ~Ii ~i~llllii~ ~Iil!mi '11il i!11111! /' ~I (page II of 13 J'ages) Ooculllen!,. Processed 02.09.2007, 10;58:07