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2 010091Q� <br />18. Fareclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may <br />invoke the power of sale and any oth�r remedies permitted by applicable law. Lender shall be entitled to collect <br />all expenses incurred in pursuing the remedies under this par�graph 18, including, but not limited to, <br />reasonable attorneys' fees and casts of title evidence. <br />If the power of sale is invaked, Trus#ee shall record a notice of default in each county in which any part of <br />the Property is located and sha11 mail cpp'res af such nokice in the manner prescribed by applicable law to <br />Borrower and to th� other persons prescribed by applicable law, After the time required by applicable law, <br />Trustee shall give public natice of sale to the persons and in the manner prescribed by applicable law, Trustee, <br />without d�mand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terrns 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 annaunc�m�nt at the time <br />and place of any previously schedulcd sale. Lendcr Ur i�s desi�n�e may purchase the Ft'opert� at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secr�tary and khe Secrctsiry r�quir�s <br />immediate payment in full under Paragraph 9, the Secretary rn►ay invoke the nanjudicial por�ver af sale <br />provided in the Single Family M�rtgag� Forcclosur� Act of 1994 ("Act") (1Z U.S.C. 3751 et seq.) by requ�sting <br />a foreclosure commissioner designat�d under the Act to comm�nc� for�closure and to sell the Property as <br />provided in the Act. Nothing in the preceding s�ntence shall deprivc the Secr�tury af any ri�h�s oth�rwis� <br />available to a Lender under this Paragraph 1$ or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Truste�'s deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply th� pro���ds of the sale in the following order: (a) to all cost�ti and expenses of <br />exercising the power of sal�, and thc salc, including khe payment of the Trustc�'s f�cs actaally incurred, not to <br />exceed . 000 % af' th� principal amoant oF the note at the time af th� declaration of default, <br />and rea�anable attorneys' fees as permitted by lavv; (b) to all snms secured by this Secr�rity Instrument; and (c) <br />any excess to the person or persons legally entitled 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 Tnstrument and all notes evidencing debt secured by this <br />5ecurity 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 />2Q. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />truskec to any Trustee appoint�d her�undcr by an instrumenk rccarded in the county in which this Security Tnstrument <br />is recorded. Without conveyancc nf lhe Praperiy, the successor trustee shall succeed to all the title, power and duties <br />canferrcd upon Trustee herein and by appltcable law. <br />21. Request for Notices. Borrower r�quests that copics of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />Z2. Rid�rs to this Security Instrument. If one or more riders are executed by Borrower and recorded together <br />with this Security Instrument, the cavenants af each such rider shall be incorporated into and shall amend and <br />supplem�nt the cov�nanLs and agreernents pf this Sc:curily Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)). <br />nX Condominium Rider 0 Growing Equity Rider 0 Other [sp�cify] <br />� Plann�d Unit Dev�:lopment Rider 0 Graduated Payment Rider <br />� 4R(NE) �asai i P80a 7 af 8 Initials:� <br />