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20��053�0 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 entitlecl to collect all expenses incurred 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 r�ord a notice of default in each county in wluch 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. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the noNce of sale in one or more parcels and in any order Trustee determines. Trustce 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 de.signee may purchase the Property at any sale. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires 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 for�losure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the S�retaiy of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trust� shall deliver to the purchaser Trustee's deed conveying the Property. The r�itals in the Trustee's dced shall be prima facie evidence of the truth of the statements made therein.l�ust� shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, includ3ng the payment of the Trustee's fees actually incurred, not to excced 0. 0 0 0% of the pruicipal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally enNtled to it. 19. R�onveyance. Upon payment of a11 sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this 5ecurity Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without wananty and without charge to the person or persons legally enritled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee 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 shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Bonower requests that copies of the norices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to tlus Security Instrument. If one or more riders aze executed by Borrower and recorded together with this Security 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 Instrument. [Check applicable box(es)]. 0 Condominium Rider 0 Growing Equity Rider � Other [specify] 0 Planned Unit Development Rider 0 Graduated Payment Rider F o r m E-1 FHA Deed of Truat-NE �, t q 4/98 VMP � J W VMP4RINE) (0809) Woitera Kluwer Financial Services Page 7 of 9