201208501 - Laserfiche WebLink

Browse

201208501 if the po��•er of sale is im•oked,Trustee shall record t� notice of def�ult ia each counY,y in �vhich any part of the Property is located and shall mail copies of such notice in the manner prescribe@ Uy appiicaUie la�o•to Sorro�ver and to the other persons prescribed b,y applicable ta«�.After the time required 7�_y appiicable 1��, '["rustec shall ge��e public notice of sale.to fhe persons and in the manner prescribed by�pplicaUle law.'Crustee,��•ithout demand on Borrofver,shall sell the Properfy at public auction to the heghest bidder at the time.and place and under the terms designated in the notice of sale in one or more parcels an[3 in anv ocder Trustee defermines.Trvst�ee may postpone sale of ail or any parcei of the Propertv by public announcement at fhe time and place of�ny previously scheduled sale. Lender or its designee may purchase fhe Properfy at any sate. if she Lender's interest[n thes Security Tnstrument is held riv the Secretary and the Secretarv requires immediate payment in full under Paragraph 9,the Secretary ma;y in��oke the nonjudicial power of sa[e provided in t3�e Single E'amiiy ll�fortgage Foredosure Act of 7994 ("Act")(12 L7.S.C. 375i et sey.)by requesting a foreclosnre commissianer designated under the Act to co►nmence foreclosure and to sell the Property as prov€ded in the Act. Nothing in t6e preceding sentence shall deprive the Secretary of an,y rights other«�ise available to a Lender under this Paragraph 1fS or applicable Ia��•. Upon receipt of payment of the price bid, 'I'rustee shail deliver to the purchaser"Prustee's deed conveying the Properfy.'The recitals in the Trustee's deed shali be prima{acie evidence of the truth of the statements mxde the�•ein.Trustee shall appl�y�the proceeds of the sale in the follow�ing order: (a)to all costs and ezpenses of exercising the po�ier of sale,und the saFe, including the payment of the Trustee's fees actually incurred, not to exceed .000 "lo of the prinripal amount of the note at the time of the declaration of defaa)t, and reusonable s�ttorneys' fees as permitted by la�v; (b)to all sums secnE•ed l�w•this Securit��Instrument; and (c)any excess to the person or pe_rsons Iegally er�titled to it. '19_ Reconveyance_U3�on Uayment of 311 sums secw-ed by th3s Security histrument. Le�ider shalt request Trustee to reconve}�the Property and shail sun-ender this Secur�ty Ij�sirument and all notes evfdencang c3ebt secured by ti�is Security lnsh•un�ent to Trustee. Trustee sh�ll reconvey the Property without��arranty and ��fthout charge to the person or uersons legally entStled to it_ Such person or persons shaU pay any recordation costs. 20. SubstituteTrustee. Lende:, at its option, rnay from t�me to time reiTiove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county �n �vhidz th�s Security li3struirient is recorded. R�ithout conveyance of the Property,the suecessor h•astee sh2t1 succeed to�ll the title,power and duUes conferred upon Trustee herein and by applicaUla law. 21. Requestfor NoYices.Borro�ver requests that copies of the notices of default and sale be sent to Bor-rotiver's address «�hicli is the Property Address. 22. F2idersto th[s SecU�ity Instrument.lf one or niore riders are executedby Borro�ver and s-ecorded together wxth this Secur�ty instrument,the covenai3ts of each such r�der shall be incorporated mto and shall ainend and su�ple�nent the covenants and agreements of th�s Se�urity lnstrinrient as if the rideT'(s} �x�ere a part of this Secur�ry lnstruinent. [Checic applicaUle Uox(es)}. � Condoinin�um Rider � Growing Equity Ricier � Other(specif'y; I� P(anned Unit �evelopment Ride,- 0 G,aduated Payinent Rider FHA Beed of 7rust-NE A/96 VMP C'� VMP4R(NE)(tt05)00 Wdters Kluwer Financiat Sernces Page B o�'10 Sc�-� ��