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2oiioo3o� <br />1�3. Forecla5ur� Pr��cednre. Yf Lender requires immediat� paym�nt in full under para�raph 9, Lcnder may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to cullec;t <br />all e:�cpenses incurred in pursuing the remedies under this paragraph 18, including, but nat limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the 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 applic;ubl� law tc� <br />Borrower and to the other persons prescribed by applicable law. After the tixne req�uired by upplicabl� law, <br />Trustee shall give public notice of sale to the persons and in the manner pr�scribed hy applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction tp the highest bidder at th� time and <br />place and under the terms designated in the notice of sale in one or more parcels and in �ny order Trastc� <br />dctermines. Trustee may goytpc�ne tiale of all or any parcel of the Property by pu6lic announcement at the tirrre <br />and p1ac;� of any �r�vic�usly schednled sale. L�nder c�r it�5 designee may purchase the Property at any sale. <br />If the Lend�r's intersst in this Security Instrument is held by the Secretary and the Secretary reqrrires <br />immediat� payment in fnll nnder Paragraph �, the S�crctary may invoke the nonjudicial power of sale <br />provid�d in th� Sin�;le Fs�rnrl� Mortgag� For�closur�Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requestirrg <br />a foreclosure commxssipner designated under the Act tc� cc�mm�nce foreclosure and to sell the Property as <br />provided in the Act. Nothing in the preceding sentence shall deprive the Secr�tary �f any rights otherwise <br />available to a Lender under this Paragraph 1S or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver t� th� purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima faci� �videnc� c�f the truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the fallowing c�rder: (a) to all costs and expenses of <br />exercising the povver of sale, and the sale, including the ps�yment of the Trustee's fees actually incurred, not to <br />exceed . 000 % of the principal annount of the note at the time of the declaration of default, <br />and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) <br />any exc�ss to the p�rson or petrs�ns I�gally entitled to it. <br />19. Rec�nv�yance. LJpan payment of all sums secured by this Security Tnstrument, Lender shall requc:st Truslce <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencin$ debt secured by this <br />Security Instn►ment to Trustee. Trustee shall reconv�y thc Property without warranty and without charge ta Ihe <br />person or persons legally entitled to it. Such person or persons shall pay any recc�rdation costs. <br />20. Substitut� Trust�e. L,ender, at its option, may from time to time remove Trustee and appoint a successor <br />�rustcc lc� any Trustee appoinlcd hercunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall suc:ceed to all lhe tille, power and duties <br />conf'erred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the natices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22, Riders ta this Securit� In.strum�nt. If one or more riders are executed by Borrc>wer and recorded together <br />with this Security Instrument, the covenants of cach such rider shall be incorporated into and shall amend and <br />supplcmcnl thc cc�venants and agreements of this Security Instrument as if lhe ridar(s) were a part of this Security <br />Instrument. [Check applicable box(es)]. <br />0 C�ndominium Rider � Growing �quity Rider � Other [specify] <br />0 Planned tJnit Dev�l��pmcnt Rider � Graduated 1'ayment Rider <br />� 4R�NE) �ssotl Page 7 ot 9 Initials��! "�' <br />