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201206239
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Last modified
7/31/2012 10:04:31 AM
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7/31/2012 10:04:30 AM
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DEEDS
Inst Number
201206239
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2o�2os��� <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />required by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by applicable law. Trustee, 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 Trust� determines. Trustee may postpone sale of all or any <br />parcel of !he Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its design� may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretaiy requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by <br />requesting a for�losure commiccioner designated under the Act to commence foreclosure and to sell <br />the Property r�c provided in the Act. Nothing in the preceding sentence sball deprive the Secretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon r�eipt of payment of the price bid, Trust� shall deliver to the purchaser Trust�'s dced <br />conveying the Praperty. The recitals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the procceds of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces actually incurred and reasonable attorneys' f�s as permitted by Applicable Law; (b) to <br />ail sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />se�cured by this Security Instrument to Trustee. Trustee shall re,convey the Property without warranty and <br />without charge to the person or persons legally enritled 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 Trustee and apgoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the <br />ritle, pflwer and duties conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22: Riders to this Security Instrument. If one or more riders are ex�uted by Borrower and rec;orded <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 agreements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrument. [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider � Other [specify] <br />Q Planned Unit Development Rider 0 Graduated Payment Rider N I F A F o r m E-1 <br />FHA Deed of Trust-NE <br />VMP � <br />Wokers Kluwer Financial Services <br />aiss <br />VMP4RWE) (1109) <br />Page 8 of 70 <br />� � , .� <br />
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