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200909215 <br />18. Foreclosure Procedure. If Candor requires immediate paymart in full under paragraph 9, Larder may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be artitled to collect <br />all expenses incurred in pursuing the remedies under this paragraph 18, including, but not limited to, <br />reasonable attorneys' fees and casts of title evidence. <br />Iftho power of sale is invoked, Trustee shall record a notice of default in each county in which any part of <br />the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br />Borrower and to the other persons proscribed by applicable law. After the time required by applicable law, <br />Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the timme and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcsmont at the time <br />and place of any previously scheduled sale. Larder or its dosignce may purchase the Property at any sale. <br />If the Larder's interest in this Security Inatrumart is held by the Secretary and the Secretary requires <br />immediate payment in fuA under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting <br />a foreclosure commissioner designated under the Act to commarce foreclosure and to sell the Froporty as <br />provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise <br />available to a Larder under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima facie evidarce of the truth of the statements <br />made therein. Trustee shall apply the procceds of the sale in the following order: (a) to all costs and expanses of <br />exercising the power of sale, and the sale, including the paymart of the Trustce's fees actually incurred, not to <br />exceed 5 % of the principal amount of the note at the time of the declaration of <br />default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; <br />and (c) any excess to the person or persons legally artitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the <br />person or persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22. Riders to this Security Instrumart. If one or more riders are executed by Borrower and recorded together <br />with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)]. <br />Condominium Rider ~ Growing Equity Rider 0 Other [s~ecify] <br />~ Planned Unit Development Rider ~ Graduated Payment Rider Schedule "A ' <br />001121013098 <br />Inltlals: <br />VMP~-4N(NE~ ioao~).oi Page 7 of 8 <br />CitiMortgage 3.2.27.13 Vl <br />