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201104s1G 18. Foreclosure Procednre. If Lender requires immediate 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 incurred in pursuing the remedies nnder 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 defanit in each connty 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 public notice of sale to the persons and in the manner prescribed by applicable law. Trnstee, without demand on Borrower, shall sell the Property at puhlic auction 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. Trastee may postpone sale of all or any parcel of the Properly by public announcement at the tinae 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 Secarity Instrument is held by the Secretary and the Secretary requires immediate payment in fnll under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Niortgage 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 Ac� 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 Trustee's deed conveying the Property. The recitals in the Trnstee'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 egercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to egcecd 5% of the principal amonnt of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all snms secured by this Secnrity Instrament; and (c) any ezcess to the person or persons legally entitled to i� 19. Reconveyance. Upon payment of a11 sums secured by this Security Instrument, Lender sha11 request Trustee to reconvey the Property and sha11 surrender ttus Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee sha11 reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Z0. Substitnte Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Tnistee appointed hereunder by an i nstrument recorded in the county in which this Security Insttument is recorded. �thout conveyance of the Properiy, the successor trustee shall succeed to a11 the title, power and duties conferred upon Trustee herein and by applicable law. 21. Reynest for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower' s address which is the Properiy Address. 22. Riders to this Security Instrumen� If one or more riders are executed by Borrower and recorded together with this Secutity 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 Instrumeirt. [Check applicable box(es)]. � Condominium Rider 0 Growing Equity Rider � Other [specify] � Planned Unit Development Rider � Graduated Payment Rider 2200139626 V Initi : VMP�-4N(NE) toao�l.ot Pa9 � � B