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wV��G 18. Foreclosure Procedure. If Lender requires immediate payment in full 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 pursuing the remedies under this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of snch 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, Trustee 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 pnblic auction to the lughest 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 Trastee determines. Trustee may postpone sale of all or any parcel of the Properly by public announcement 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 Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure 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, Trustee shall deliver to the purchaser Truatee's deed conveying the Property. The recitals in the Trustee'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 eapenses of ezercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to eaceed . 000 % 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 secured by this Security Instrnment; and (c) any ezcess to the person or persons legally entitled to i� 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Properly and shall surrender this Security Instnunent and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Properly 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 Tntstee and appoint a successor ttustee to any Trustee appointed hereunder by an instrument recorded in the couniy in which this Secutiiy Instrument is recorded. Without conveyance of the Properly, the successor trustee shall succeed to all the title, power and duties conferred 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 Bonower's address which is the Property Address. 22. Riders to this Security Instramen� If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall 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 Secutity Instnunent. [Check applicable box(es)]. � Condominium Rider 0 Growing Equity Rider � Other [specify] ❑ Planned Unit Development Rider 0 Graduated Payment Rider � �sso�� Page 7 of8 Initials:,�,