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20�106775 If the power of sale is invoked, Trustee shall r�ord a notice of default 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 prescrib� 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. Trust�, without demand on Borrower, shaIl sell the Property at public 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. Trustee may postpone sale of all or any parcel of the Property by pnblic 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 S�urity Instrument is held by the Secretary and the �cretary requires imm�iate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage For�losure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the pr�eding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of �yment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The re.citals in the Trustee's deed shall be grima facie evidence of the truth of the statements made therein. Trustee shall apply tbe proceeds of the sale in the following order: (a) to all cosfs and expe� of exercising the power of sale, and the sale, inclnrling the payment of the Tn�stee's fee.s actua�y incurred, not to exceed 0. 0 0 0% of the principal amount of tt�e note at the tame of th� declaration of default, amd reasanable attorneys' fces as permitted by law; (b} to ail sums sect�red 6y � Sec�rity I�str�ment; and (c) any excess to the person or persons legally enfatled to it. 9 9. Fieco�veysreEe. �.Tpvn payrx�t of aYl suins secured by this Security Itist:r�nent, I.ender shall request Trustee to �on�vey� � Pr�p�rty a� sbaF� susreadet this �ecurity Instrument and all notes evidencing debt secured: b}� this �ity ��m�rr��r to TnTSte,e. Tn�stee shall r�onvey the Property without warranty and without charge to tize person or persons Iegatly enbitled to it. 5uch person or persons shall pay any recordation costs. 20. Substit�te Trust�. I.eades, at its oprion, may from time to time remove Trustee and appoint a successor trust� to any 'T�ee appointecfi hereunder by au instrunlent recorded in the county in wluch this Security Instrument is recorc�ed. @I�irtfiout conveyance of the Property, the successor trustee shaIl succeed to all the ritle, power and duties conferred upon Trustee flerein 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 Securiiy Instrument. If one or more riders are exe.cuted by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorgorated into and shall amend and supplement the covenants and agreements of this Security Insmunent as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. � Condominium Rider 0 Growing Equiry Rider 0 Other [specify] 0 Planned Unit Development Rider � Graduated Payment Rider FHA Deed of Trust-NE VMP � Walters Kluwer Financial Services aiss VMP4R(NE) (11051 Page 8 of 10