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201304598
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Last modified
12/31/2013 4:52:20 PM
Creation date
6/11/2013 11:52:39 AM
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DEEDS
Inst Number
201304598
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201304598 <br /> there is a breach.Any application of rents shall not cure or waive any default or invalidate any other right <br /> or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by <br /> the Security Instrument is paid in full. <br /> 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph <br /> 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. <br /> Lender shall be entitled to collect all expenses incurred in pursuing the remedies under this <br /> Paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. <br /> If the power of sale is invoked, Trustee shall record a notice of default in each county in <br /> which any part of the Property is located and shall mail copies of such notice in the manner <br /> prescribed by applicable law to Borrower and to the other persons prescribed by applicable <br /> law. After the time required by applicable law, Trustee shall give public notice of sale to the <br /> persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, <br /> shall sell the Property at public auction to the highest bidder at the time and place and under <br /> the terms designated in the notice of sale in one or more parcels and in any order Trustee <br /> determines. Trustee may postpone sale of all or any parcel of the Property by public <br /> announcement at the time and place of any previously scheduled sale. Lender or its designee <br /> 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 <br /> requires immediate payment in full under Paragraph 9, the Secretary may invoke the <br /> nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 <br /> ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under <br /> the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in <br /> the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender <br /> 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 conveying <br /> the Property.The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br /> made therein. Trustee shall apply the proceeds of the sale in the following order: (a)to all costs and <br /> expenses of exercising the power of sale,and the sale,including the payment of the Trustee's fees actually <br /> incurred,not to exceed 0.00%of the principal amount of the note at the time of the declaration of default, <br /> and reasonable attorneys' fees as permitted by law; (b)to all sums secured by this Security Instrument; <br /> and(c)any excess to the person or persons legally entitled to it. <br /> 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall <br /> request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br /> evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property <br /> without warranty and without charge to the person or persons legally entitled to it.Such person or persons <br /> shall pay any recordation costs. <br /> 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br /> successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which <br /> this Security Instrument is recorded. Without conveyance of the Property,the successor trustee shall <br /> succeed to all the title,power and duties conferred upon Trustee herein and by applicable law. <br /> 3213248013703 1176442146 <br /> FHA Deed of Trust-NE vd 4196 <br /> VMP® -�f 04/11 <br /> Wolters Kluwer Financial Services 201305294 1 1.2295-J20110929Y Initials: / 0��111 . ge 8 of 10 <br /> '� <br /> L)11-P'!^^••-1120 <br />
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