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201403388
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Last modified
7/20/2017 11:22:13 AM
Creation date
6/9/2014 9:58:38 AM
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DEEDS
Inst Number
201403388
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` � � ��14�33SS <br /> , <br /> , <br /> this Security Instrument or�h�NaEe which can be gi�en effect without the conflicting pro�ision.To this end the <br /> pro�isions of this 5ecurity rnstrument and the Note are declared tv be se�erable. <br /> 6. Borrower's Copy.Borr�wer shall be given one conformed copy flf the Note and of this Security <br /> Instrument. <br /> NOhI-[JNIFDRM COVENANTS.Borrower and Lender further Gavenant and agree as fol�ows: <br /> 7. Ar�eleratian; Remedies. Lender shall give notice ta Barrower prior to aceeleration <br /> following Borrower's breaeh of any co�enant or agreemeat in th�s Security Instrument.The notice shall <br /> speeify:�a}the default;(b}the�ctian required ta cure th�default;(c}a date,nat less than 30 days fram <br /> the date the na�ice is given to Borrower,by which the def�ult must 6e cured;and(d}that failure to cure <br /> the default on or before the date specifed in the notice may result in a�celeration of the sums secured by <br /> this 5eeurity Ins�rument and sale of the Property.The notiee sh�ll fur�her inform Borrawer of the right <br /> to reinstate after ac�eleration and the right to bring�court action ta assert the non-existence of a defau�t <br /> or any other defense of Bvrrower tv acceleration and sale.If the de�ault is not cured on or hefore the <br /> date specif�ed in the notice, Lender at its opti�n may require immediate payment in ful�of all sums <br /> secured by this 5e�urity Instrument wit.�aout further demand and may in��ke the pawer of sale and any <br /> o#her remedies permitted hy Applicable Law.Lender shall be entitled to co]lect ali expenses incurred in <br /> pursurng the remedies pro�ided in this Section 7,including,but not limited ta,reasonable attorneys'fees <br /> and costs of title e�idence. <br /> If the power of sale i�in�oked,Trustee shall record a nfltice af default in�ach cvunty in which <br /> any part of the Prape�rty is lvcated and shall mail eopies of su�h notiee in the manner prescribed by <br /> Applicable Law �v Borrower and to the other persans prescribed by Appli�ab�e Law.Afte�-the time <br /> required by Applicable Law,Trus�ee shall gi�e publiC natice of sale to the persons and in the manner <br /> prescribed by Appiicable Law.Trustee,withaut demand vn Borrower,shal�sell�h�Prop�rty at public <br /> auction to the highest bidder a�the�ime and place�nd under the terms design�ted in the noti�e of sale in <br /> ane or more pareels and in any order Trustee det�rmines.Trustee may pos�pone sale af all or any parce[ <br /> of the Property by public announcemen�at the t�rne and place ot'any previously schedu�ed sale.Lender <br /> or its designee may purchase the Praperty a�any sale. <br /> []pan receipt of payment oF the price bid,Trustee sha11 deli�er ta the purchaser Trustee's deed <br /> con�eying the Property.The recitals ia the Trustee's deed shall be prima facie e�idence 4f the truth o�' <br /> the statements made therein.Trustee shall apply the proceeds of the sa�e in the following order:(a}to a�i <br /> costs and expenses of exercising the power af sale,and the sale,including the paym�nt of the�-ustee's <br /> fees ae�ually incurred and reasanable attvrneys' feeS as permitted by Applicable Law;�b}tv alt sums <br /> secured by this Seeur�ty�nstrument;and��)any exeess to the persan or persons legally entitled to it. <br /> If the Lender's in#erest in this Security Ins�rument is held by the Se�retary and the Secretary <br /> r�quires immediate payment in full under Paragraph 7 af the Subvrdinate Nate,the Secretary may <br /> �nr�oke the nan judicia�power of sale pro�ided in the Single Family 1Vlortgage Foreclosure Act of 1994 <br /> �"Act"}�12 U.S.C.3751 et seq.)by requesting a fareclnsure commissioner designated und�r the Act ta <br /> c�mmenc�fareclosure and to sell the Property as pra�ided by the Act.Nothing in the preceding sentence <br /> shall depri�e the Secretary of any rights othexwise ��silable to Lender under this paragraph or <br /> appli�ablc law. <br /> 8. Request far Nati�es.Borrower requests that copies of the notices af default and sale be sent to <br /> Borrower's address which is the Praperty Address. <br /> 9. Substitute Trustee.Lender,at its option,may from time to time remo�e Trustee and appoint a <br /> successar trustee ta any Trustee appoit�ted hereunder by an instrument recorded in the county in which this <br /> Security rnstrument is recorded.Without conveyance of the Property,the successor trustee shall succeed tv all <br /> the title,pow�r and duties conferred upon Trustee herein and by Applicable Law. <br /> FHAIVA HUD-HAMP Lvan Mvdi�cation Agreement 12242Q 13�111 WD121�5.1 990Z42G192 <br /> First Americar�M�rtgage Ser�ices p�g�� <br />
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