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201107212 If the power of sale is involved, Trustee shall record a notice of default in each county in which any part of the Property is Iocated and shall mail copies of such notice in tine manner prescribed by applicable law to Borrower and to the other persons prescribed 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 laws. Trustee, without demand on Borrower, shall 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 public 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 Security Instrument is held by (lie Secretary and the Secretory requires immediate payment in full tinder Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 (" Act ") (12 U.S.C. 3751 el 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 preceding sentence shall 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 Trustee' s deed conveying the Property. The recitals in the Trustee's decd shall be prima facie evidence of the troth of the statements male therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of esercising the power of sale, and the sale, including the payment of the 'Trustee's fees actually Incurred, not in exceed 5.000 %of tine principal runonnt of the note at the time of the declaration. of default, and reasonable attorneys' tees as permitted by law, (b) to all sum secured by this Security 1110FILIECALt; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security Insintmeut, Lender shall request. 1'ruetou to rceonvcy the P operry and shall surnmdcr this Security Insuumurrl and all notes evidencing debt secured by this Suourity Instrument to Trustee. 1'ntsl-ou shall reconvey the Property without warranty and without charge to the person ar persons legally entitled Lo it, Such person or persons shall pay [illy recordation costs. 20. Substitute Trustee. Lender, al its option, may from tune to Limo remove Trustee and appoint: a successor trustee to any Trustee appointed heeandicr by an instrument recorded in tine county in which this Security Instrument is recorded. Without conveyance of die Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of fire notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall 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 Security Instrument. [Check applicable. box(cs)]. 0 Condominium Rider 0 Growing Equity Rider Other [specify] 0 Planned Uuit Development Rider 0 Graduated Payment Rider FHA need al Trust -NE 0451100003 VMP p 4196 Wolters Kluwer Financial Services VMP4R(NHj (1105) Page a or 10