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201207464
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9/7/2012 8:17:14 AM
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9/7/2012 8:17:14 AM
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DEEDS
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201207464
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20�2074G4 <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in whic6 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 t6e 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 scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary 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.S.C. 3751 et seg.) by <br />requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell <br />the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds 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 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 egcess to the person or persons legally <br />entitled to it. <br />19. Reconveyance. Upon payment of all sums secwed by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Secwity Instrument and all notes evidencing debt <br />secwed by this Secwity Instrument to Trustee. Trustee sha11 reconvey 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 Truste,e and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument rec;orded in the county in which this S�wity <br />Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the <br />title, power 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. Rlders to thls Securlty Instrument. If one or more riders are ex�uted by Bonower 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 agreements of this S�urity Instrument as if the rider(s) were a part <br />of this Security Instrument. [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider 0 Other [specify] <br />0 Planned Unit Development Rider � Graduated Payment Rider <br />8801288840 <br />FHA Morlgege WRH M9iS-NE <br />VMP 0 <br />Woltara Kluw ar Finaneial Servicea <br />8801298840 <br />Reviaed 4/BB <br />VMP4N(NE� (1108) <br />Page 8 of 10 <br />/,� <br />� <br />� <br />
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