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2 010o885s 1$. Toreclosure I'rocedure. If Lender reyuires immediate payment in full under 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 incurred in pursuing the remedies under this paragraph 18, including, but not limited to, reasonable uttarneys' fees and costs of title evidenee. If' the power of sale is invoked, Trustec shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in thc manner prescribed by applicable law to Bor► and to the other persons prescribcd by applicable law. After the ti�nc required by applicahle law, Trustee shall give puk�lic notice oF sale to thc persons and in the manner Pre.SCribed 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 Yroperty by public announcement at the time and place of any previousty scheduled sale. Lender or its designee may purchase the Property at any sale. If thc I,ender's interest in this Security Instr�Ament is held hy the Secretary ancl the Secretaiy req�ires immediate paymcnt in full imder Paragraph 9, thc Secretary may invoke the nonjudicial power of' sale provided in the Sin�le Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure cammissioner designated under thc Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding se��tcnce shall deprive the Secretary of any rights otherwise available to a I,endcr undcr this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trirstee shall dcliver to the purchaser Trustee's decd conveying the I'roperty. '1'he recitals in thc Trustee's deed shall be pri�na facie evidence of the tr��th of thc statements made thercin. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs a��d expenses of exercising the power of sale, and the salc, inchading the payment of thc 'T`ri�stee's fees actually incurred, not to exceed 0. 0 0 0% of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fe�s as permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security instrurnent, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrurnent to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from tinle to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which tliis Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustec herein and hy applicable law. 21. Request for Notices. Borrower requests that copics of ihe notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by 13orrower and recorded together with this Security Instrument, the covenants of each such rider shall he incorporated into and shall amend and su��plement the a�venants and agreemcnts oF this Secua•ity Instrument as if the rider(s) were a part of this Security lnstrument, [Check applicable box(es)]. �� Condominium Rider U Growing 6quity Rider � �ther [specify� � Planned Unit Development Rider � Graduated Payznent Rider FHA De2d Of TruSt-NE 4/96 VMP C� y Wolte�s Kli�wer Fin, nciTl Services l 7VMP4RINE) 108091 ---- k��.l Page 7 of 9 6 � � ! �� f