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201204840
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Last modified
6/18/2012 9:37:38 AM
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6/18/2012 9:37:38 AM
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DEEDS
Inst Number
201204840
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201204840 <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any <br />gart of the Property is located and shall mail copies of such notice in the manner pre.scribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />required by applicable law, Trustce shall give public notice of sale to the �rsons and in the manner <br />prescribed by applicable law. Trustce, 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 sch�uled sale. <br />Lender or its designee may purchase the Property at any sale. <br />.If the Lender's interest in this Securlty Instrument is held by the Secretary and the Secretary requir,es-� <br />�immediate payment in full under Paragraph 9, the Secretary may invoke the noqjudicial power of sale� <br />� provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.)' by �� <br />. a foreclosore commissioner designated under the Act to commence foreclosure and to sell <br />� �� the Property as prnvid� in the Act. Nothing in the preceding sentence shall deprive the Secretary of � <br />any cigLts otherwise available to a Lender under this Paragraph 18 or applicable law. i <br />� s <br />Upon receipt of payment of the price bid, Trustee shall del�v�r to the purchaser Trustee's de� "" <br />conveying the Property. The recitaLs in the Trustee's. de�l shall be prima facie evidence of the truth of � <br />the statements made therein. Trustee shall apply the prax�ls of the sale in the following order: (a) to <br />all c�sts and egpenses of ezercising the power of sale, and the sale, including the gayment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to � <br />all sums secured by this Security Instrument; and (c) any ezcess to the person or persons legally <br />endtled to it. <br />19. Reconxeyance. Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Tn�stee to reconvey "t1Ye-Property and shall sunender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Tn�st�. Tnistee shall re�onvey the Property without warranty and <br />without charge to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. � : <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustce and appoint a successor <br />� trust� to any Trustce appointed hereunder by an instrument r�orded in the county in which this Security ; <br />Instrument is recorded. V�thout conveyance of the Property, the successor trustee shall succeefl to all the <br />title, power and duties conferre�i ugon Tn�stee 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 aze executed by Borrower and recorded -� <br />together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agr�ments 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 Trust-NE <br />VMP � <br />Woiters Kluwer Flnancial Services <br />aise <br />VMP4R(NE) (1108) <br />Page 8 of 10 <br />a <br />
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