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201100302 18. Foreclosnre Procedure. If Lender requires immediat� payment in full undcr paragraph 9, Lender may invoke the power of sale and sny other remedies permitt�d by applicable law. L�nder sha11 be entitled to coll�ct all expenses incurred in pursuing the rem�di�5 under this paragraph 18, including, but not limited to, reasonable attorneys' fses and costs of title �vidence. If the power of sale is invoked, Trust�e shall record a notice of d�fault in each county in which any part pf the Property is located and shall mail copi�s c�f such notice in the manner prescribed by applicabl� law kc> Borror�ver and to the other persons prescrib�d by s�pplicable law. After th� time required by applicabl� law, Trnstee shall give public notice of sale to the persons and in the manner pr�scribed by applicable law. Trust��, withuut demand on Borrawer, shall sell the Property at public auction to the hi�;he5t bidder at the time and plac� and �nder the term� designated in the notice of tial� in one or more pare�ls and in s�ny order Trustee deterrnines. Trustee may postpone sale of all or any parcel of the Property by public announcernent at the time and place of any previ��usly scheduled sale. Lcnder ur its designee may purchas� the Property at any sale, If the Lender's interest in this Sccurity Instrument is held by the Sccretary and the Secretary requir�s immediate payment in full und�r Ps�ragraph 9, the Secretary may invoke the nonjudicial power c�f sale provided in the Single Family Mort�age �"oreclosure Act of 1994 ("Ac:t") (12 U.S.C, 3751 et seq.) by reyuesking a foreclosnre cornxnissioner designs�ted under the Act to commenc� foreclosure and to sell the Prc�perty as provided in the Act, Nothing in the preceding sentence shall d�prive the Secretary of any right�s c�therwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt ot payment of th� parice bid, Trustee shall deliver tc� the prrrchaser Trustee's deed conveying the Property. The recitals in ths Trustee's deed shall be prima faci� evidence of the truth of thc Statsments made th�rein. Trustee shall apply the �roceeds of the sale in the following arder; (a) to all costs and exp�nties af exercising the povver of salc, and the sale, including the payment of the Trustee's fees actually incurred, nc�t tc� exceed . OOQ % c►f the principal amount of the note at th� time af #he declaration of default, and reasonable attorneys' fees as permitted b� lavv; (6) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyanee. Upon paymenl of all surns secured by this Security Tnstrument, Lender shall request '1'rustee to reconvcy the Property and shall surrender this Security Instrument and all nates evidencing debt secured by this Sccurity Instrument to Trustce. Trustee shall reconvey the Yroperty wilhc�ut warranty and without charge ko the pertic�n ar persons legally entillcd tn ik. Such person or persons shall pay any rGCOrdation costs. 20. Substitute Trust�e. L�nder, at its option, may from time to timc remove Trustee and appoint a successor trustee to any "I'rustee app�>inted hereunder by an instrument recorded in [he county in which this Security Tnstrumcnt is rece�rded. Without conveyancc of lhe Property, the successor trustee shall succeed to all the title, power and duties conferred upnn Trustee herein and by applicable law. 21. Request far Notices, 13orrower requests khat capies af the notices of default and sal� be sent to Borrower's address which is the Property Address. 22. Riders to this Security Tnstrurnent. If one or more riders arc cxccuCed by Borrower and recorded together with this Security Instrument, the covenants of cach such rider shall be incorporated into and shall am�:nd and supplement the c�vendnls and agreements of this Securily Inslrument as if the rider(s) were a part of this Security Inslrument. [Che�k applicable box(es)]. 0 Cond�minium Rider � Grc�wing Equity Rider ❑ Other [Specify] � Planncd iJnit Development Rider � Gradualed PaymGn[ Rider � 4RINE) Issoi� Pago 7 of 8 Initials. �-�