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��mRE�OR�E� <br />�o�.1os290 <br />r��I'�I��;,� <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitl�i to collect <br />all expenses incurred in pursuing the remedie.s under this paragraph 18, including, but not liuuted to, <br />reasonable attorneys' fces and costs of title evidence. <br />If the power of sale is invoked, Trustce shall record a notice of default in each county in which any part of <br />the Property is located and shall mail copi� of such notice in the manner prescribed by applicable law to <br />Borrower and to the other persons prescribed by applicable law. After the time reqwtred by applicable law, <br />Trustce shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the lughest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br />and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. <br />If the Lender's interest in this S�urity Instrument is held by the 5ecretary and the Secretary requires <br />imm�iate payment in full under Paragraph 9, the S�retary may invoke the nonjudicial power of sale <br />provided in the 5ingle Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by reque,sting <br />a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as <br />provicled in the Act. Notlung in the pr�eding sentence shall deprive the Secretaiy of any rights otherwise <br />available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trust� shall deliver to the purchaser 1'rust�'s dced conveying <br />the Property. The recitals in the 1'rust�'s deed shall be prima facie evidence of tbe truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of <br />exercising the power of sale, and the sale, including the payment of the Trustee's f� actually incurred, not to <br />exceed 0. 0 0 0% of the principal amount of the note at the time of the declaration of default, <br />and reasonable attorneys' fces as �rmitted by law; (b) to all sums s�ured by this Security Instrument; and (c) <br />any exce.ss to the person or persons legally entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without wazranty and without charge to the <br />person or persons legally entitled to it. Such person or persons sha11 pay any recordarion costs. <br />20. 5ubstitute Trustce. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument <br />is recorded. Without conveyance of the Property, the successor mistee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Bonower requests that copies of the notices of default and sale be sent to Bonower's <br />address which is the Properly Address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Bonower and recorded together <br />with this 5ecurity Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)]. <br />0 Condominium Rider � Growing Equity Rider � Other [specify] <br />� Planned Unit Development Rider � Graduated Payment Rider Form E-1 <br />FHA �eed of Trust-NE <br />VMP � <br />Wolters Kluwer Financlal Servicea <br />I��i� <br />4/98 <br />VMP4R(NE} (0809) <br />Page 7 of 9 <br />� <br />� <br />