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�0110407� <br />all <br />the <br />a <br />the <br />to <br />is <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may <br />e the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect <br />x�nses incurred in pursuing the remedi� under this paragraph 18, including, but not limit� to, <br />nable attorneys' fee.s and costs of Htle evidence. <br />If the power of sale is invok�, Trustee shall record a notice of default in each county in wluch any part of <br />perty is located and shall mail copies of such notice in the manner prescribed by applicable law to <br />wer and to the other persons prescribed by applicable law. After the time required by applicable law, <br />ee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />ut demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />� and under the terms designated in the notice of sale in one or more parceLs and in any order Trust� <br />' es. Trustee may �stpone sale of all or any parcel of the Property by public announcement at the time <br />lace of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br />'ate payment in full under Paragraph 9, the Secretaiy may invoke the nonjudiciat power of sate <br />d� in the Single Family Mortgage Foreclosure Act of 1994 ("Act'� {12 U.5.C. 3751 d seqJ by requestiag <br />losure commissioner designated under the Act to commence foreclosure and to sell the Property as <br />derl in the Act. Nothing in the pr�eding sentence shall deprive the Secretary of any rights otherwise <br />$ble to a Lender under this Paragraph 18 or applicable law. <br />Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced conveying <br />perty. The recitals in the Trustee's dced shall be prima facie evidence of the truth of the statements <br />therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of <br />ing the power of sale, and the sale, including the payment of the Trustee's fces actually incurred, not to <br />0. 0 0 0% of the principal amount of the note at the time of the d�laration of default, <br />nable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) <br />xcess to the person or �rsons legally entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, I.ender shall request Tn�stee <br />nvey the Property and shall surrender this Security Instrument and a11 notes evidencing debt secured by this <br />ty Instrument to Trustee. Trustee shall reconvey the Properly without warranty and without charge to the <br />� or persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />20. Substitute 1Y�ustee. Lender, at its oprion, may from time to time remove Tn�stee and appoint a successor <br />' to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />rded. Without conveyance of the Properly, the successor trustee shall succced to all the title, power and duties <br />�red upon Trustes herein and by applicable law. <br />�1. Request for Notices. Bonower requests that copies of the norices of default and sale be sent to Bonower's <br />s which is the Property Address. <br />�2. Riders to this Security Instrument. If one or more riders are executed by Bonower and recorded together <br />�is S�uriry Instrument, the covenants of each such rider shall be incor�rated into and shall amend and <br />�n�nt the covenants and agr�ments of this Security Instnunent as if the rider(s) were a part of this Se�urity <br />ent. [Check applicable box(es)]. <br />Condominium Rider ❑ Growing Equity Rider 0 Other [specify] <br />' Planned Unit Development Rider � Graduated Payment Rider <br />FHA of Trust-NE 4/96 <br />y�p VMP4R�NE) (0809) <br />Woke luwer Financial Services Page 7 of 9 <br />i <br />r` <br />�� , <br />E� <br />