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201104705 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all egpenses incnrred in pursuing 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, Trustee shall record a notice of defanit 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 Iaw. After the time reqnired by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trastee, without demand on Borrower, shall sell the Property at public suction to the highest bidder at the time and place and nnder the terms designated in the notice of sale in qne or more parcels and in any order Trustee deternaines. Trastee may postpone sale of all or any parcel of the Property by public announcement at the time 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 Secnrity Instrument is held by the Secretary and the Secretary reqnires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act'� (12 U.S.C. 3751 et seq.) by requesting a foreclosnre commissioner designated under the Act to commence foreclosnre and to sell the Property as provided in the Ac�t. 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 Trustee'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 ezceed 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 Security Instrument; and (c) any egcess to the person or persons legally entitled to i� 19. Reconveysnce, Upon payment of a11 sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and sha11 surrender this Security Instrument and a11 notes evidencing debt secured by tlus 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. 20. Substitate Trastee. Lender, at its option, may from tune to time remove Trustee and appoint a successor trvstee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to a11 the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Bonower' s address which is the Property Address. 22. Riders to this Security Ynstrumen� If one or more riders are executed by Bonower and recorded together with tlus Security Instrument, the covenants of each such rider sha11 be incorporated into and shall amend and supplement the covenants and agreements of ttus Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. ❑ Condominium Rider ❑ Growing Equity Rider ❑ Other [specify] ❑ Planned Unit Development Rider 0 Graduated Payment Rider 2200139732 D V4NNE i��:� VMP�-4N(NE) coao�).o� Pege 7 of 8 //� � A'L