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�a��o7a�� <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in wluch any <br />part of the Property is located and shall mail copies of such notice in the manner prescribecl by <br />applicable Iaw to Borrower and to the other persons prescrib� by applicable law. After the time <br />required by applicable law, Trust� shall give public notice of sale to the persons and in the manner <br />pr�cribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its design� may purchase the Property at any sale. <br />If the Lender's interest in this S�urity Instrument is held by the 5�retary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the non,judicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by <br />requ�tin� a for�losure commissioner des�ignated under the Act to commence for�losure and to sell <br />the Property as provided in the Act. Nothing in the pre�eding 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 purchaser Trustee's deecl <br />conveying the Property. The recitals itn the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and e�ense,c of exercising the power of sale, and the sale, including the payment of the <br />1Yustee's fees actually incurred, not to exceed 0. 0 0 0% of the principal amount of <br />the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by Iaw; <br />(b) to all sums secured by this Security Instrument; and (c) any exce.ss to the person or persons legally <br />entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Insmiment, Lender shall request <br />Trustee to reconvey the Property and sha11 surrender this Security Instrument and aII notes evidencing debt <br />secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without wazranty and <br />without charge to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordarion costs. <br />20. Substitute Trustee. Lender, at its oprion, 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 Secwrity <br />Instrument is recorded. Withont conveyance of the Property, the successor trustee shall sncceed to all the <br />ritle, power and duties confened upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Bonower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded <br />togethar with this Security Instrument, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrument. [Check applicable box(es)]. <br />0 Condominium Rider 0 Growing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider 0 Graduated Payment Rider F o r m E-1 <br />FHA Deed of Truat-NE <br />VMP � <br />Woltera Kluwer Finencial Services <br />4/96 <br />VMP4R(NE) (1i05{ <br />Page 8 of 10 <br />i <br />