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98- �, � <br /> 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9,�I.ender73 <br /> invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to colled <br /> all expenses incurred in pursuing the remedies under this paragraph 18, including, but not limited to, <br /> reasonable attorneys' fces and costs of title evidence. <br /> If the power of sale is invoked, Tn�stee shall record a notice of default jn each county in whlch any part of <br /> the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br /> Borrower and to the other persons prescribed by applicable taw. After the time requlred by appticable law, <br /> Tcvstee shall give pnblic notice of sale to the persons and in the manner prescribed by applicable law. Tcvstee, <br /> wlthout demand on Borrower, shall setl the Property at public audion to the highest bidder at the time and <br /> place and under the terms designated in the notice of sale In one or more parcels and in any order Tn�stee <br /> d�ermines. Trnstee may postpone sale of all or any parcel of the Property by public announcement at the time <br /> and place of any previously scheduled sale. I.ender or its designee may purchase the Property at any sate. <br /> If the Lender's interest in this Security Instrument is held by the Secr�ary and the Secretary requires <br /> immediate payment in full under Paragraph 9, the Secretary may invoke the non�udicial power of sale . <br /> provided in the Single Famity Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seg.) by requesting <br /> a foreclosure commLssioner designated under the Act to commence foreclosure and to sell the Property as <br /> provided in the Act. Nothing In the preceding sentence shall deprlve the Secretary of any rights otherwise <br /> available to a I.ender under this Paragraph 18 or applicable law. <br /> Upon receipt of payment of the price bid, TnLStee shall dellver to the purchaser TnLStee's deed conveying <br />� the Property. The recitals in the Tnutee's deed shall be prima facle evidence of the truth of the statements <br /> made therein. Trustee shall apply the proceeds of the sale in the following order: (a)to all costs and expenses of <br /> exercising the power of sale, and the sale, including the payment of the Tn�stee's fces actually incurred, not to <br /> excced5.00 ;b of the princ�pal amount of the note at the time of the declaration of default, <br /> and reasonable attorneys' fces as permitted by law; (b)to all swns secured by this Security L�strument; and (c) <br /> any excess to the person or persons legally entitled to it. <br /> 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, L.ender shall request Trustee <br /> to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br /> Security Instrument to Trustee. Trustee shall reconvey the Property without wananty and without charge to the <br /> person or persons legally entitled to it. Such person or persons shall pay any recordadon costs. <br /> 20. Substitute Trustee. Lender, at its opdon, 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 Security Instnunent <br /> is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br /> conferred upon Trustee herein and by applicable law. <br /> 21. Request for Notices. Borrower requests that copies of the nodces of default and sale be sent to Borrower's <br /> address wluch is the Property Address. <br /> 22. Riders to this Security Instrument. If one or more riders are executed by Bonower and recorded together <br /> with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br /> supplement the covenants and agreements of tlus Security Instrument as if the rider(s) were a part of this Security <br /> I ent. [Check applicable box(es)]. <br /> O Condominium Rider 0 Growing Equity Rider � Other [specify] <br /> Planned Umt Development Rider � Graduated Payment Rider NIFA ADDENDUM <br /> ��-4RINE)�eeot� P.9.�o}8 <br /> . i�te�.i.• <br />