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20�107137 If the �wer of sale is invoked, Trustee shall record 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 pr�cribed by applicable Iaw. After the time required by applicable law, Trust� shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trust�, without demand on Borrower, shall sell the Property at public auction to the h�gh�st 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 pubHc announcement at the tiime and place of any previously scheduled sale. Lendex or its designee may purchase the Property at any sale. IF the Lender's interast in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the S�retary may invoke the noqjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence for�loswre and to sell the Property as provided in the Act. Nothing in the preceding sentence shail deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustce's deed conveying the Property. The recitats in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expense,s of exercising the power of sale, and the sale, including the payment of the Trustee's fe� actually incurred, not to exceed 0. 0 0 0% of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as germitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surtender this Security Instrument and a11 notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled 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 insmiment recorded in the county in which this Security Instramtent is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to a11 the title, power and duties confened upon Trustee herein and by applicable law. 21. Request for Notices. Bortower 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 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 shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this 5ecurity Instrument. [Check applicable box(es)]. 0 Condominium Rider � Growing Equity Rider � Other [specify] � Planned Unit Development Rider 0 Graduated Payment Rider FHA Deed of Truat-NE 4/96 VMP � VMP4RINE) 11105) Woltera Kluwer Flnancial Servicea Page 8 of 10