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, . 200801986 18. Foreclosure Procedure. If Lender requires immediate payment in full \lnder paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses inturced in pdrSuing the re~edics under this paragraph 18, lncluding, but not limited to, reasonable attorneys' fees and costs of title evidence. If tbe power of sale is invoked, Trnstee llhall record a notice of default in eaclJ. county in which any part ot the Property is located and shaD mail copies of such notice in the manner prescribed by applicable law to Borro"er llnd to the other persons prescribed by applicable law, After tbe time required by applicable l~w, Trustee shall gi\l'e public notice oC sale to the persons and in the manner prescribed by appli~ble law. Trustee, without demand on Borrower, shall 5dl 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 partels and in any OJ;der TnI5tee deterouDE!$. Trustee may polltpone sale of all or any parcel of the Property by public annountenlent at the time and place of any previoosly scheduled sale. Lemler or its designee may purthase the Property at any sale. If tbe Lender'~ intertst in this Security Instrument is held by the Secretary and the secretary requirefi immediate payment in full UDder Paragraph 9, the Secretary may in~oke the nonjudicial power of Illlle p1'6vided in the Single Family Mortgage Foreclosure ~ct of 1994 ("Actll) (12 U.S.C. 3751 et seq.) by requesting a foreclosure commis.sioner designated nuder the Act to commence. foreclosure and to sell tbe Property as provided: in the Ac:t. Nothing in the preceding sentence shall deprhe the SllCl'etary of any rights otherwise available to a LeJlder tmder this paragraph 18 or applicable law. Upon receipt of payment of the prite bid, Trustee shall de1i~er to the purchaser Tnlslee's deed ~nveying the Property, The m;itals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therciD. Tnlstee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses or exercising the power of sale, and the sale, including the payment of the 1'rustee's fees actually int:UlTed, not to exceedS. 000 % of the principal amount of the note at the time of the declaration of default, <Uld reasonable attorneys' fees as pennitted by law; (b) to all sums secured by this ~Ilrity IDStrnment; and (c) any eJj:cess to tbe person or persons legally entitled to it. 19. Reconveyance. UpOn payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shi\U surrender this Security Insh'U1l'lent and all notes evidencing debt secured by this Security InstrumenI to Trustee. Trustee shall reconvey the Property without warranty and without charge 10 the person or pers()~s legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender I 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 CO'Ullty in which this Security Instnnnent is recorcled. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trnstee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to :Borrower's address which is the Property Address. 22. Riders to this Security lnstrument. If one or more riders are executed by Borrower and recorded togeIher with this Security Instrument, the covenants of each SUch rider shall be incorporated into and shall amend ;md supplement the covenants and agreem.ents of this Sec\lrity InstlUlll.ent as if the rider(s) were a part of this security In~ent. [Check applicable box(es)]. LJ Condominium Rider 0 Growing Equity Rider D Other (specify] o Planned UniI Development Rider 0 Graduated Payment Rid.er GlP4RlNEllllB011 Peg. 7 DIll InllllllJYl J=' c. ~