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201�0�321 <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may <br />invoke the power of sale and any other remedies peruutted by appHcable law. Lender shall be entitled to colle,ct <br />all expense.s incurred in pursuing the remedies under this paragraph 18, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustce shall record a notice of default in each county in wluch any part of <br />the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br />Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, <br />Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its design� may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the S�retary r�uires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided �tn the Single Family Mortgage For�losure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting <br />a foreclosure commissioner designat� under the Act to commence foreclosure and to sell the Property as <br />provided in the Act. Nothing in the pr�eding sentence shall deprive the 5�retaiy of any rights otherwise <br />available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced conveying <br />the Property. The rec;itals in the Trustce's de�xl shall be prima facie evidence of the truth of the statements <br />made therein. Trustce shall apply the proceeds of the sale in the following order: (a) to all costs and expens�s of <br />exercising the power of sale, and the sale, including the payment of the Trustce's fces actually incurred, not to <br />exceed 0. 0 0 0% of the principal amount of the note at the time of the d�laration of default, <br />and reasonable attorneys' fee�s as permitted by law; (b) to all sums secured by this S�urity Instrument; and (c) <br />any exce.ss to the person or persons legally entitled to it. <br />19. R�onveyance. Upon payment of a11 sums secured by this Security Instrument, Lender shall request Trustee <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 without wananty and without chazge to the <br />person or persons legally entitled to it. Such person or persons sha11 pay any recordation costs. <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instxvment recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor mistee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Bonower requests that copies of the norices of default and sale be sent to Bonower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders aze executed by Bonower and recorded together <br />with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Insmiment as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider � Graduated Payment Rider <br />FHA Deed of Trust-NE 4/98 <br />VMP � Q(� l� �I VMP4R1 ege�7 0� 9 <br />Wolters Kluwer Financial Services �lv l'�� <br />