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20110G671 <br />If the power of saYe is invoked, Trustee shall record a notice of defanit in each county in which any <br />part of the Property is located and shall mail copies of snch notice in the manner prescribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />reqnired by applicable law, Trnstce shall give pnblic notice of sale to the persons and in the manner <br />prescrfbed by applicable law. Trustee, without demand on Borrower, shall sell the Property at pnblic <br />auct►on to the highest bidder a4 the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trastee determines. Trastec may postpone sale of all or any <br />parcel of the Property by pnblic announcement at the time and place of any previously schednled salc. <br />I.ender or its designee may pnrchase the Property at any sale. <br />If the Lender's interes4 in tlus Secnrity Instrament is held by the Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage ForeclosureAct of 1994 ("Act")(12 U.S.C. 3751 et seq.) by <br />requesting a foreclosure commissioner designated under the Act to commence foaeclosure and to sell <br />the Property as provided in the Act Nothing in the preceding sentence shall deprive the Secretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the pnrchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the trath of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and ezpenses of ezercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred, not to egceed . 000 % of the principal amount of <br />the note at the time of the declarat�on of defanit, and reasonable attorneys' fees as permitted by law; <br />(1�) to all sums secnred by this Security Instrument; and (c) any ezcess to the person or persons legally <br />entitled to it <br />19. Reconveyance.Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Properly and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrwnent to Trustee. Trustee shall reconvey the Properly without warranty and <br />without charge to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs_ <br />20. SubstltuteTl�lstee. 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 <br />Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the <br />title, power and duties conferred upon Tn�stee herein and by applicable law. <br />21. Requestfor Notices. Bonower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address_ <br />22. Ridersto this Security Instrument.If one or more riders are executedby Bonower and recorded <br />together with this Security Instnunent, the covenants of each such rider shall be incorporated into and shall <br />am end and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrutnent. [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider 0 Other [specify] <br />� Planned Unit Development Rider � Graduated Payment Rider <br />FHA Daed of Trust-NE <br />VMP � VMP4R(NE) (1105 00 <br />Wolters Kluwer Financial Services Page 8 of 10 <br />