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201107903 <br />18o Foreclosure Frocednre. If Lender reqnires immediate payment in fnll under paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect <br />all ezgenses incnned �in pnrsuing the rem�lies nnder th�s paragi�aph i8, �inclnding, bnt not limited to, <br />reasonable attorneys' fees and cos� of title evidence. <br />If the power of sale is �invoked, Trastee shall record a notice of defanit in eacii county in which any part of <br />the Froperty is located �nd shall ma31 copies of snch notice �in the manner prescrlbed by appllcable law to <br />Borrower and to the other persons prescribed by applicable law. After the tlme requYred by applicable I€iw, <br />Trast� shall give pnblic notice of sale to the persons and 3n the manner prescrlbed by applic�ble law. Trastee, <br />wlthont dem�nd on Borrower, shall sell the Pa�operty at pnblic anction to the highest b�dder at the time and <br />place and nader the terms designated in the notice of sale in one or more parcels and �1n any order Trostee <br />determinesm Trastee may postpone sale of all or any parcel of the Property by pnblic stnnonncement at the 13me <br />and place of any previonaly schedulexi sale. Lender or i� des�igne.e may pnrchase the Property at any sale. <br />If the Lender's interest in this 5ecurlty 7nstrament is held by the Secretary and the Secretary rexluires <br />3mmedi�te payment in full nnder Paragraph 9, the Secretary may �iuvoke the nonjndicial power of sale <br />provided 3n the S�ingle Family Mortgage Foreclosnre Act of 1994 ("Act'� (12 U.S.C. 3751 et seq.) by r�nesting <br />a foreclosure commissioner designat� nnder the Act to commence foreclosnre and to sell the Progerly as <br />provided in the Act Noth�ng �1n the pr�ng sentence shall deprive the Secxet�ry of any rlghta otherwise <br />available to a Lender nnder this Paragraph 18 or applicable law. <br />iJpon receipt of payment of the prlce bid, Trastee shall deliver to the purchaser Trastee's de� convey3ng <br />the Property. The recitala in the Tanstee's deexl shall be pi3ma fade evidence of the trath of the statements <br />made therein. Trastee shall apply the proceeds of the sale �tn the follow9ng order: (a) ta all costs and egpenses of <br />ezercis�ing tlee gower of sale, and the sale, �inclnding the payment of the Trastee's f�s actoally �lncurred, not to <br />egceed 5% of the prindpal amount of the note at the time of the declaration of <br />defaul�, and reasonable �ttorneys° feea as perrffiiitt� by law; (b) to all sams secnred by this 5ecnrity Instrvment; <br />and (c) an� ezcess to the person or persons legally entitled to it. <br />19a Reconvey�nce. Upon payment of all sums secured by this Security Instruxnent, Lender shall racluest Tn�stee <br />to reconvey the Property and shall suxrender this Security Instcument and all notes evidencing debt secured by this <br />Security Instcument to Trustee. Trustee shall reconvey the Property without warranty �nd without charge to the <br />person or persons legally entitled to it. Such pe�son or persons shall pay any re�ordation costs. <br />200 5nbatltute Trastee. Lender, a't its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed heretmder by an insh�iment recorde�i in tbe county in which this Security Inshvment <br />is aecorded. Without conveyance of the Property, the successor trustee shall succeed to a11 the title, power and duties <br />conf�rred upon Trust� herein and by applicable law. <br />21. Request for Notices. Bonowet requests that copies of the notices of default �� sale be sent to Borrawer's <br />address which is the Properiy Address. <br />2Z. Riders to this Secnrity Inshvmen� If one or more riders are executed by Borrower and re�orded together <br />with this Se�urity Instrument, the covenants of each such rider shall be incorporate� into and shall amend and <br />supplement the covenants and agreements of tUis Security Instrumenf as if the rider(s) were a part of this Security <br />Instnunent, [Ch�k applicable box(es)]. <br />� Condominium Rider ❑ Growing EquitY Rider ❑ Other LSP�Y] <br />❑ Pl�►ed Unit Development Rider ❑ C�aduated Payment Rider <br />2200174269 D V4 � <br />i�a <br />VMP�-4N(NE) roao�).o� P � � 8 <br />