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�� 18. Foreclosure Procednre. If Lender requires immetiiate payment in full nnder 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 incnrred in pnrsuing 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, Trastee shall record a notice of default in each county in which any part of the Property is located 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, Trustee shall give pnblic notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Progerty at pnblic 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. Trustee may postpone sale of all or any parcel of the Property by pnblic annonncement at the time and place of any previously schedaled sale. Lender or its designee may parchase the Property at any sale. If the Lender's interest in this Secnrity Instrument is held by the Secretary and the 5ecretary reqaires immediate payment in fnll nnder Paragraph 9, the Secretary may invoke the nonjadicial 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 nnder the Act to commence foreclosnre 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 pnrchaser Trustee's deed conveying the Property. The recitals in the Trastee'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 ezpenses of ezercising the power of sale, and the sale, including the payment of the Trustee's fees actaally incurred, not to ezceed 5% of the principal amonnt of the note at the time of the declaration of default, and reasonable attorneys' fee.c as permitted by law; (b} to all sums secured by this Secnrity Instrament; and (c) any egcess to the person or persons legally entitled to i� 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender sha11 reqnest Trustee to reconvey the Property and sha11 surrender this 5ecurity Instrument and a11 notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons sha11 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 instsument recorded in the county in which this Se�ucity Insttuxnent is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. Zl. Request for Notices. Barrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Addres,s. 22. Riders to this Security Instramen� If one or more riders aze executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider sha11 be incorporated into and sha11 amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Che�k applicable box(es)]. � Condominium Rider [� Growing Equity Rider [� Other [specify] � Planned Unit Development Rider � Graduated Payment Rider 2200122106 i / D V4NNE Initlals:�!I� VMP�-4N(NE►1oao�).ot Paga 7 ot a