Laserfiche WebLink
��14�5��1 <br /> > > <br /> If the�ower of sale is invoked,Trustee shall record a notice of defauit in each county�n wh�ch any <br /> part of the Property is located and sha��mail co�ies of su�h notice in the manner pres�ribed�y <br /> applicable law to Borrower and to the other pers�ns prescribed�y applicable law.After the time <br /> required�y app�i�a�le Iaw,Trustee shal� give publ�c natic��f saie to the p�rsons and in the manner <br /> �rescr�bed by applicable law. Trustee,without demand on Borrower,shall sell the Property at pub��c <br /> auction ta the highest b�dder at the time and place and under the terms de�ignated in the notice of�ale <br /> in one ar more parcel�and in any order Trustee d�termines. Trustee may postpone sale of all or any <br /> parcel of the Property by publi� announcement at the time and place of any pre�ious�y scheduled sa�e. <br /> Lender ar its desigaee may purchase the Property at any sale. <br /> If the Lender's�nterest in this Secux-ity Instrument is held by the Secretary and the Se�retary requires <br /> immediate payment in full under Paragraph 9,the Secretary may in�oke the nonjudicia��ower of sale <br /> pro�ided in the Single Family Mortgage Foreclosure Act of 1994 �"ACt")�12 U.S.C. 3751 et,seq.}by <br /> requesting a forec�osure commissioner de5�gnated under the Act to cammenee foreclosure and to sell <br /> the Property as pr��ided in the A�t. Nothing in the preced�ng sentence sha���epri�e the Secretary of <br /> any rights otherwise a�aila�le ta a Lender under this Paragraph 18 or applicable law. <br /> U�on rece�pt of payment of the price bid,Trustee shall deli�er to the pur�haser Trustee'�deed <br /> con�eying the Property. The recita�5 in the Trustee's deed shall be pxrima facie e�idence of the truth of <br /> the statements made therein. Trustee shal� apply the proceeds af the sale in the fol�nwing order: (a}to <br /> all costs and egpenses of exer�ising the�ower af sale,and the sale,including the payment of the <br /> Trustee's fees actua�ly incurred and reasonable attorneys'fees a5 permitted�y Applicable Law; �b)to <br /> ali sums secured by this Security Instrument; and �c} any exces5 to the person or per5ons legally <br /> ent�t�ed to it. <br /> '!9. R��onW�yanc�.Upon payment of a11 sums secured by this Security Instrument, Lender shall request <br /> Trustee tv recanvey�he Pro��ty and shall surren�er th�s Security Instrument and a11 notes e�idencing debt <br /> se�ured by this Security �nstrument to Trustee. Trustee sha11 reconvey the Property without warranty and <br /> w�thout charge to the p�rs�n or persons legal�y entitled to it. Such person or persons�hall pay any <br /> reeordation costs. <br /> 2U. S u bstitute Trustee.Lender, at its op��on, may fr�m time to time remo�e Trustee and appoint a successor <br /> trustee to any Trustee appo�nted hereunder by an instrument rec�rded in the caunty in which this Security <br /> Instrument�s recorded. Without cvn�eyance of�he Property,the successor trustee sha.11 succeed t�all the <br /> title, power and duties conferred upon Trustee h�rein and by appli�able law. <br /> 21. Requ�stfor Notic�s.Borrower requests that G�pies of the natices of default and sa�e b�sent to Borrower's <br /> address whi.ch is the Property Address. <br /> 22. Ridersto this Security Instrument.If one or more riders are executed by Borrower and nec�r�e�t <br /> together with this Security Instrument,the cavenants of each such ri�er sha.11 be ineorporated in�o an�i shal� <br /> � amend and supplemen�t the eovenants and agreements of this Security Instrument as�f the rider(s}were a part <br /> of this Se�urity Ins�rument. [�heck app�icable�oxtes}]. <br /> ❑ Condvminium Rider ❑ Growing Equity l�der ❑ �ther[spec�fy� <br /> ❑ P1an.ned Uni�Devel�pment Rider ❑ �radua�e�Payment Rider <br /> FHA Deed of Trust-NE 4196 <br /> VMP� VMP4R�NE]�13�2}.QQ <br /> Wolters Kluwer Financial Services Page 8 of'i� <br />