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200803878 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 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 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 saie of all or any parcel of the Property by pubiic 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 of the truth of the statements made therein. Trustee shall apply the proceeds of the saie in the following 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 secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. Reconveyance. Upon payment of all sums secured by this Security Instrument and termination of Borrower's right to obtain further advances under the Contract, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all contracts evidencing debt secured by this Sccurity Instrument to Trustee. Trustee shall rcconvey the Property without warranty to the person or persons Icgally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted lUldcr Applicable Law. Substitute Trustee. Lcnder, at its option, may from time to time remove Trustee and appoint a successor trustce to any Trustee appointed hereundcr by an instrumcnt recorded in the county in which this Security Instrument is rccorded. Without conveyance ofthc Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee hcrcin and by Applicable Law. Request for Notices. Borrowcr requests that copies of the notice of default and salc be sent to Borrower's address which is the Property Address. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in all pages of this Security Instnuncnt and in any Rider executed by Borrower and recorded with it. ~1 ~ .~.lf')..1-vi MICHAEL T GRIM Date @2004-2007CopyrightComplianceSy<tems, Inc. D8IA-C15B - 2008.02.266 Consumer Real Estate - Security Instrument DL2036 Page 6 of7 www.complianccsyst.ems.com 8()()'968-8522 - fax 616-956-1868