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t� <br />201ifl�38 � <br />18. Foreclosure Procedure. � Lender reqwires immediate payxnent in full under paragraph 9, Le,nder may <br />invoke the power of sale and any oWer r�►edies permitted by �pplicable law. Lender shall be entitled to coltect <br />ell egpenses incarred in pwrsuing the remedies under this ps�ragraph 1$, inclading, but not limited to, <br />�asonable attorneys' fees and costs of Ht1e evidence. <br />If the power of sale is invol�ed, Trnste� shall rernrd a notice of defaaEt in each caunty in which any part of <br />the Property is located and shall mail copies of such notice in the manner prescn'be� by applicable law to <br />Borrower and to the other persons prescri'bed by applicable law. Aflter the time reqnired by applicable isw, <br />Trnstee shall give public notic� of sals to the persons snd in the manner prescribed by applicable law. Tivstee, <br />without demaud on Borrower, st�all sell the Property at public auction to the highest bidder �t the time and <br />place snd under the terms designated in the notice of sale in o�te or more parcels an�l in any order Tr�stee <br />determines. Trostce may postpone sale of all or any parcel of the Property by public anaouncement at t6e time <br />and place of any previoaely schedaled sste. Leader or its designee may pwrhase the Property at any sala <br />If the Lender's interest in this Se�urity Instrument is heId by the Sec.retary and the Secretary re�uires <br />immediate payment in fiill under Paragrsph 9, #he Secretary may invoke the noqjndiasi power of sale <br />provided in the Single Family Moetgage For�Josure Act of 1994 {"Act") (12 U.S.0 3751 et seq.) by requesting <br />a foredosure commissioner de�ignated uuder t6e Act to commence forecla�sure and to sell the Property as <br />provided in the Ac� Not6ing in` the preceding sentence shall deprive the Secretsry of any rights ot6erwise <br />avsilable to a Lender under tLis Parag�ph 18 or applicable law. <br />Upon receipt of payment of the pnce bid, Tivstee shall deliver to the purc6aser Tn�stee's deed conveying <br />the Property. The reciEats in the Trastee`s deed s6atf be prima facie evidence of the tiutL of the statements <br />made therein. Tnxstee sball appiy the proceeds of the sale in the foifowing order: (a) to all costs and expenses of <br />exercising the power of sale, and the sale, inclading the p�yment of the Trastee's fees actoally incur�ed, not to <br />eaceed O.00fl 4�0 of the principal amount of the note at tl�e tame of the dedaration of <br />defanit, and reasanable attorneys' fee.s as permitted by taw; @) to a!t sums secured by this Securltp Inatn�ment; <br />and (c) any excess to the person or persons legally entitded to i� _ <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, I.ender shall request 'Ftustce <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 withaut wazranty and without chazge to the <br />person or persons legally entitied to it. Such person or persons shall pay any recordation casts. <br />24. Substitute Trustee. I,ender, at its option, may fram time to time remove Trastee and appoint a successor <br />trustee to any Trustee agpointed hereunder by an 'vnsirument recorded in the county in which this Security Instrument <br />is reoorded. Without coaveyance of tbe Property, the successor trustee shall suoceed to all Ehe tifle, power and duties <br />conferred upon Tn�stee herein and by applicable law. ' <br />21. Reqnest for Notices. Bonower requests that copies of the notices of defauli and sale be seni to Borrower's <br />address which is the Property Address. <br />22. Ridere to this, Secarity Tnstivmen� If one ar more riders aze executed by Bonower and reoorded together <br />with this Security Insm�ment, the covenants of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Seciuity Tnstrument as if the' rider(s) were a part of this Security <br />Instrument. [Check applicable box{es)j. <br />0 Coadominium Rider ❑ Crrowing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider � Graduated Payment Rider <br />1� 000031 <br />+�aian: <br />� AN(NE} �o4o�i Pe9e � or e <br />