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2Q110303� 18. Foreclosnre Procedure. If Lender requires immediate payment in fnll 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 ezpenses incurred in parsuing the remedies under this paragraph 18, including, but not limited to, reasonable attorneys' fees and cos� of title evidence. If the power of sale is invoked, Trustee shall record a notice of defanit in each county in which any part of the Property is locat� and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trastee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public anction 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. Trnstee may postpone sale of all or any parcel of the Property by public annonncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrament is held by the Secretary and the Secretary reqnires immediate payment in fall under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the 5ingle Family Mortgage Foreclosnre Act of 1994 ("Act'� (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trastee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trnstee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and egpenses of ezercising the power of sale, and the sale, including the payment of the Trustee's fees actnally incurred, not to ezceed 5% of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secnred by this Security Instrament; and (c) any egcess to the person or persons legally entitled to i� 19. Reconveysnce. Upon payment of all sums secured by this Security Instrument, Lender sha11 request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee sha11 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 time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to all the title, power and duties confened upon Trustee herein and by applicable law. 21. Request for Notices. Bonower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrament If one or more riders are executed by Borrower and recorded together with ttus Security Instrument, the covenants of each such rider sha11 be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. 0 Condominium Rider � Growing Equity Rider � Other [specify] 0 Planned Unit Development Rider 0 Graduated Payment Rider 2200122430 V Initials: VMP�-4NINE) (oao�).o� Pege 7 of 8