201205311 - Laserfiche WebLink

Browse

201205311 If the power of sale is invoked, Trasta shall record a notice of defanit in each county in which any part of the Property ia located and ahall mail copiea of sach notice in the manner prescribed by applicable law to Borrower and to the other persons preacrlbed by appHcable law. After the dme reqnirai by appllcable law, Trastee shall give pnblic notice of sale to the persons and in the manner prescrlheci by applicable law. Trustee, wlthoat demand on Borrower, shall sell the Property at pnblfc anction to the higheat bidder at the dme and place and nnder the terma designated in the nodce of eale in one or more parcels and in any order Trastee determines. Trastee may postpone sale of all or any parcel of the Property by pnblfc annoancement at the time and place of any previously scheduled sale. Lender or its desfgnee may pnrchase the Property at any sale. If the Lender's interest in this 5ecnrity Instrament is held by the Secretary and the Se,cretary r�uires imm�iate payment in fnll nnder Paragraph 9, tLe 5ecretary may invoke the nonjndicfal power of sale provided in the Single Family Mortgage Foreclosare Act of 1944 ("Act'� (12 U.S.C. 3751 et seq.) by reqnesting a foreclosnre commissioner designated nnder the Act to wmmence forecloanre and to sell the Property ae provided 1n the Ac� Nothfng in the preceding sentence shall deprlve the Secretary of any rlghta otherwise available to a Lender nnder this Paragraph 18 or applicable law. Upon receipt of payment of the prYce bid, Trostee ahall deliver to the pnrchaser 1 rastee's d� conveying the Property. The redtala in the Trastee's d� shall he prlma facie evidence of the trath of the statements made therein. 1 rnatee shall apply the proce�s of the sale in the following order. (a) to all �rosts and egpenses of egercising the power of sale, and the sale, inclnding the payment of the Trnstce's fces actaally �incun�ed, not to egc� 5% of the pt3ndpal amo�t of the note at the tlme of the declaration of defanit, and r�sonable atturneys' fe,es as permitte�l by law; (b) to all snms a�ared by tLis Secarlty Tnstrament; and (c) any ezceas to the person or persons legally entitle� to it 19. Raconveyance. Upon payment of all sums secured by this Sacurity Instnmdent, Lender shall request Trustee to r�onvey the Property and shall surrender this Sacurity Instrument and a11 notes evidencing detrt secured by this Security Inslrument to Truste�. Trustee sUall reconvey the Property without warranty and without charge to the person or persons legally entitlefl to it Such person or persans shall pay any recordation costs. 20. Substitute Tnist�. Lender, at its option, may from time to time remove Trustee and appoint a successor trust� to any Trust� appoint� hereunder by an inshvment recorded in the cownty in wluch this Sacurity Instrument is recorded. �thout conveyanca of the Property, the succe.gsor trustee sha11 succeed to all the title, power and dirties confeaed upon TrusteE herein and by applicable law. 21. Requ�t for Notices. Borrower requests that copies of the notices of default and sale be sent to Horrower's address wluch is the Property Address. 22. Rtders to thts S�urPty Instrumerrt. If one or �re riders aze executed by Borrower and recorded together with this Security Instiiunent, the covenants of each such rider shall be incorporated into and shall amend and supplen�nt the covenants and agreements of this Security Instrument as if the rider(s) were a part of this S�vrity Instrum,ent. [Che,ck applicable box(�s)]. � Condaminium Rider � C,�owing EquitS' Rider � Other [specifY] 0 Planned Unit Development Rider O G�aduated Payment Rider FHA Mortgage WffH MERSNE Z2002�2��8 D V4NNE Revised 4/88 Amend�ed 7/04 VMP4N(NE) (110b) W�� Kq � g�y� Pe�e B of 10 ��'��/@�21