Laserfiche WebLink
��14�4553 <br /> , Lender s�1a1X na�be re�uired to�nter upon,take con�ro�of�r marntain the Proper�y�efore or after givxng <br /> natice�f�reach t�B�rro�wer. Hovwever,Lend�r or a judiczally appointed receiver may do so at any time <br /> t��ere is a breach. Any app�zcat�on of rents shaX�not cure ar waive any defau�t or�nva�idate any oth�r <br /> right or remedy vf Lender. This assignrnent af rents nf the Properry shall termina�e v�hen the debt <br /> secured by���xs Security Ins�rument is pa�d xn fu��. <br /> 2�.Foreclosure Pracedure.If Lender requires irnmedxate payment�xn-full un�er Paragraph 9, <br /> Lender may in�oke the power of sale and any other remed�es permitted by app�zcabxe�aw. Lender <br /> shal�be entit�ed to�al�ect al�expenses incurred in pursuYng the rem�dies pro�ided in this <br /> Paragraph 2�,xnc�uding,but not limited to, reasonable attorneys' fees and�asts of title e�iden�e. <br /> If the pov�er of sale is�nvoked,Trustee shaZx record a nvti�e of default in each county�n whxch <br /> any part of the Praperty�s xocated and shaxl mai�cop�e5 of such notYce Yn the manner prescribed <br /> by appl�cabXe law t�B�rro�ver and to the�ther persons prescr�bed by applicable lavv.After the <br /> , time requ�red by applrca��e�aw,Trustee sha��gxve public not�ce of sale to the persons and in the <br /> manner pres�ribed�y app�icable Iaw. Trustee,wxthout demand on Borrower,shall sell the <br /> Properf�at publx�auctxvn to the h�ghest b�dder at the time and place and under the terms <br /> desYgnat�d in the notxce of sale�n one�r more parcels and in any,order Trustee det�rmines. <br /> Trustee may postpone sale of all or any parcel of the Property by pub�ic announcement at the <br /> � t�me and place of any previously scheduled sa�e.Lender or�ts designee may purchase the <br /> . Property at any sa�e. . <br /> Upon receipt of payment of the price bid,Trustee shaX�deliver t�the purchaser Trustee's deed <br /> conveying the Pr�perty. The recitals in the Trustee's deed sha��be prima facie evidence of the � <br /> truth of the statements rnade therein.Trust�e sha�l app�y the proceeds of the sa�e�n the fol�oyving <br /> order: (a}to aIi costs and expenses of exer�xsirig the power of sale,and the sale,xncludxng the <br /> payment of the Trustee's fees actua�xy�n�urred and reasonable�attorneys' fees as perm�tted by <br /> applicable�aw; �b}to all sums secured by this Security Instrum�nt; and (c}any excess to the � <br /> pers�n�r persans�ega�iy entit�ed to it. <br /> 21.Lxen Pr�ority.The fu�1 amoun�secured b�thxs Securit��nstrument shall have a Iien pr�ority <br /> subordinate�nly to the fuli amount secured by th�Frrst Securzty Instrument. � <br /> ��. <br /> 2Z:Adjusta�Ie�-Rate Feature.Under the Note,the initYal stated in��rest rate af�.44�%which a�crues <br /> on�the unpaYd prxncipal balance�"�ni�ial rnterest Rate"}is subj ect to�hange, as descr�bed be�avv. VlThen <br /> the�nterest ra�e changes,the new adjusted Ynterest rate wi1�be a�p�7ed to the tata�autstanding principal � <br /> ba�ance. Each adjustm.ent to the�nterest rate w�ll be based up�n the average of interbank off�r�d rates� <br /> f�r one-month U.S.d�1�ar denominated depasits in�he Lond�n Marl�et�"LZB�R"�,as pub�ish�d in The � <br /> �all Street J�urna��"Index"�plus a margin. If the Inde�is n�langer availab�e, Lender will be requ�r�d <br /> . to use any index prescribed b}�the D�par�ment af Housir�g and Urban De�e�apznent.Lender vv�11 give � <br /> B�rr��ver notice�f ne�nr index. � <br /> Lender v�iil perfvr�n the calculat�ons descr�hed below to deterznine the ne�v adjusted�nterest rate. The <br /> �nterest ra�e may change�n September �,2�14 and on the f�rst da�of�ach succeeding month. <br /> "Change Date"means each date�n v�hich the rnterest rate cou�d change. <br /> � The value af the�ndex wi�l be determined,using the most recent Zndex figure avai�ab�e thir�y�34�da�s <br /> befar�the Chan�e Date�"Current�ndex"�. Before each��lange Dat�,the n��interest rate�v�X�be <br /> calculat�d by addin�a�nar�in to the Curren�Index. T�.e sum of the mar�in plus the�urrent Index�v�l� <br /> � <br /> Pag� 8 vF 1 i HECM Secand Deed 4f Trust <br /> E <br />