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200710169 scction titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Law provides othenvise). The notice shall specify: (a) the default; (b) the action requircd to cure the default; (c) a date, not less than the minimum number of days establishcd by Applicable Law from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the dcfault on or before the date specified in the notice may result in accelcration of thc sums secured by this Security Instrument and sale of the Property. To the extent pcrmitted by law, the notice shall furthcr inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defcnse of Borrower to acceleration and salc. If the default is not cured on or beforc the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the powcr of sale and any other remedies permitted by Applicable Law. To the extent permitted by law, Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section, including, but not limited to, reasonable attorncys' fees and costs of title evidcncc. If the power of sale is invoked, Trustee shall record a noticc of default in each county in which any part of the Property is locatcd and shall mail copies of such noticc in the manner prescribed by Applicable Law to Borrower and to the other pcrsons prescribed by Applicable Law. After thc time required by Applicable Law, Trustee shall give public noticc of sale to the persons and in the manncr prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property 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 more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously schedulcd salc. Lender or its designee may purchase thc Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchascr Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth oUhe statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising thc power of sale, and the sale, including thc payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums sccurcd by this Sccurity Instrument; and (c) any cxcess to the person or persons legally entitled to it. Reconveyance. 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 to the person or persons legally entitled to it. Such person or persons shaIl pay any recordation costs. Lender may charge such person or persons a fee for reconvcying the Property, but only if the fee is paid to a third party (such as the Trustee) ror services rendered and the charging of the fee is permitted under Applicable Law. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in 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. Request for Notices. Borrower requests that copies ofthe notice of default and sale be sent to Borrower's address which is the Property Address. NING BELOW, Borrower accepts and agrees to the terms and covenants contained in all pages of this X _ty Imtnnnffi' in a"'/~orro;'" and rocorded L?J1LJ, / l (}'t _ 0 -, "EAN HOLLISTER fi!~ ~~~L1STER4 D," G 2004-2007 Copyright Compli,"oe System>, Inc. 8C9C-EDA> - 2007.01.201 COIlllumer Real Estate. Security Instf'1.lITlCnt 01.2036 Page 7 of8 www.compliancesy!>lem!l.cofTI 800-968-8522 - Fax 616.956.1868