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201103645 <br />18. Foreclosnre Procednre. If Lender reqnires immediate payment in fall nnder paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitl� to collect <br />all egpenses incnrred �ln pursaing the rem�ies under this paragraph 18, �inclnd�ing, bnt not l�mit� to, <br />seasonable attoraeys' fees and cosb of f3tle evidence. <br />If the power of sale is invoked, Trastee shall record a not�tce of defanit �in �ch connt,y in which any part of <br />the Property �ts located and shall mail copies of snch notice �tn the manner prescrlbed by applicable law to <br />Borrower and to the other persons pr�cribed by appflcable law. After the time required by applicable law, <br />Traste,c shall glve pnhlfc notice of sale to the persons and in the manner pr�criib�l by applfcable Iaw. 1 rustee, <br />withont demand on Borrower, sha►ll sell the Progerty at pnblic anc6ton to the highest bidder at the dme and <br />place and under the terms de�tgn�ted in the notice of sale �in one or more parcels and �in any order Trast� <br />determin�. Trastee may postpone sale of all or aay parcel of the Property by pnbl�c announcement at the time <br />and place of any previonaly scheduled sale. Lender or its designee may pnrchase the Property at any sale. <br />If the Lender's fnter�t in this 5ecurity Instrament is held by the Secretary and the S�retary requir� <br />immediate payment in fnll nnder Paragrsph 9, the Secretary may �invoke the nonjndidal power of sale <br />provided in the 5�ingle Family Mortgage Foreclosnre Act of 1994 ("Act'� (12 U.S.C. 3751 d seq.) by reqnesdng <br />a foreclosare commissioner desi�ated nnder the Act to commence foreclosnre and to sell the Property as <br />provided in the Ac� Noth�ing in the pr�ng sentence shall deprive the 5ecretary of any rights otherw�tse <br />ava3lable to a Lender nnder th�tss Paragraph 18 or applicable law. <br />Upon rexeipt of payment of the prYce bfd, Trnstee shall deliver to the pnrchaser Trastee's de�l conveyitng <br />the Property. The redtala in the Trastee's dced shall be pi3ma fade evidence of the trnth of the statements <br />made therein. Trastee shall apply the proceeds of the sale �tn the following order: (a) to all costs and egpenses of <br />ezercising the power of sale, and the sale, �inclnding the payment of the Trastee's fees actaally incnrred, not to <br />ezceed 5% of the prindpal amonnt of the note at the dme of the declaratlon of <br />default, and reasonable attorneys' fee.s as permftted by law; (h) to all sums secured by this Secnrity Instrament; <br />and (c) any ezcesa to the person or persons legally eniitle.�l to i� <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender sball raquest Truste,e <br />to Y�onvey the Property �d shall surrender this Sec�rity Inslrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall r�onvey the Property without warranty and without chazge to the <br />person or persons legally entitled to i� Such person or persons shall pay any recordation costs. <br />20. Snbstitate 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 inshument recorded in the cowrty in which this Security Instcvment <br />i.s r�orded. Without conveyance of the Properiy, the successor tcvstee shall succeed to all the title, power and duties <br />canferred upon Trustee herein and by applicable law. <br />21. Reqnest for Notices. Borrower request�s that copies of the notices of default and sale be s�t to Borrow�'s <br />address which is the Property Addtess. <br />22. Riders to this 5ecnntty Instramen� If one or more riders are exe,cuted by Borrower and re�orded together <br />with this Security Instrument, the covenants of each such ride� shall be incorporated into and shall amend and <br />supplement the covenants and agr�ments of this Security Instrument as if the rider(s) were a part of this Security <br />Instrament. [Check applic�ble box(es)]. <br />0 Condominium Rider 0 G�owing EquitY Rider 0 Other [aPecifY� <br />0 Planned Unit Development Rider 0 C�raduated Payment Rider <br />2200131403 D V4NNE <br />i�w�g:,�� — <br />VMP �-4N(Nq �oao�l.ot Paee � ot e �� <br />