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200907268 1.8. l•`oreclosure Procedure. Tf amender requires imrtrediate payment in full under paragraph 9, 'L,ex-der may invol.e the po~+~er of sale and atty~ other remedies permitted by applicable law. Lender shall be entitled to Collect all expenses incurred iu pursuing the remedies under this laragraph I$, including, but not limited to, re~uonahle attorneys' fees r-nd Costs of title evidence. if the power of sate is invoked, 't`rustee shalt record a notice of defarrlt in each county in which any part of the Property is located and shall nrait copies of such notice in the manner prescribed by applicable law to Borrovr~cr and t.o the other persons prescribed by appl[cable lave. After the time required by applicable law, '1'rustc~e stroll give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, ~vithuut demand ou l3orro~ver, shall sell the Property at public auction to the highest bidder at the time and place and wider 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 arrd place of any previously scheduled sale. Lender or its ttesignee may Irurchase the Nroperty at any sale. Tt' the lender's inkerest in this Security Instrument is Geld by the Secretary and the Secretary requires irumecliate payment in full under Paragraph 9, the Secre#at'y nr.ey invoke the nanjudicial power of sale pros ided in the Sirxgle I"anrily mortgage )h'oreclasure Act of 1994 ("A.ct") (].Z 17.5.(:. 3757. et sey.) by requesting a foreclosure commissioner [lesignated under the Acl to commence foreclosure asset to sell the Property as proviclc:cl in the Act. Nothitag in t.lre preceding sentence shall deprive the Secretary of any rights other•vvise available to a Lender under this Paragraph l ti or apl:-licahle law. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the R•oper'ty. Tire recitals in the Trustee's deed shalt be prima facie evidence of the truth of the statenreats rnacte therein- Trustee slr.tll apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the paver of sale, anct the stile, including the paytnerrt of the 'Trustee's fees actually incurred, not to exceed • ~~Q ~% of the principal amount of the note at the time of the declaration of default, and reasanair{e attorneys' fees as permitted by lave; (h) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Recarrveyance. Upuu payruent of all sours secured by this Security Instrurztent, Lender shall request Trustee to recouvey ilre Property and shall surrender Phis Security Instrument and ail notes evidencing debt secured by this Security Insttt[ment w Tnrstt:e. Trustee nhall recuuvuy the Property without warranty and without charge to the person or persons legally er[tided to it. Such persurr or persons shall pay any recardatiou costs. 2Q. Substitute Trustee. Lender, at .its ulrtion, uray from time to time remove Trustee and appoint a sucozssar trustee to any Tr°ustee appuirtted ltereuttder by :an instruauerrt xecorded in the county itt which this Security Grstruntent is recorded. ~'4ritlutut Cor(veyance of the Property, the successor trustee shall succeed to alt the title, power and duties conferred upon Trustee herein a(ui by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address wtrich i5 die Property Address. 22. Riders to this Security Irstrument. if one or snare riders are executed py Borrower and recorded together with this Security Instrurltertt, the covenants of each such rider shall be i.ucurporated into acrd shall arllc.rrd and supple:.ruent the cove.[-auts and agreements of this Security I[tstrurnent as if the rider(s) were a part of this 5ecur-ity Instt_uurent. [Check applicable box(4s)J. U Coruloruirriunr Rider C~ Growing Equity 12ider ~ Other [s-pecifyJ 0 Plarured Unit Develupmerrt hider C~ Grattuated Payment Rider ~~4R(NEl 198011 Pape 7 01 8 Initials: