201407812 - Laserfiche WebLink

Browse

��14�751� If the power of sale is in�oked,Trustee shall recard a notice of default in�ach caunty in which any gart of the Proper�y is located and shall mail copies of su�h notice in th�manner prescrihed by � . applicable law to Borrvw�r and to the�other persons pres�ribed by applicable law. After the time required�y applica�le iaw,Trustee shall give public not�ce of sale to the persons and in the mann�r prescribed by applicaUle Iaw. Trus��e, withaut d�mand on I3�rrawer,shall sell the Prvp�rty at publi� auction to�h�highest hidd�r at the tim�and place and under the t�rms designat�d in th�na�i�e of sale in one or more parcels and in any vrder Truste�determines. Trust�e may pvstpvne sale af al�or any parce�of the Property by publi�annauncement at the time and place of any previously s�heduled sa�e, Lender or its designee may pur�hase the Property at any sa�e. If the Lender's interest in this Security Instrument is he�d�y the 5ecretary and the S�cretary requires immgdia�e payment in ful�under Paragraph 9,the S�cretary may invoke the nonjudicial p�wer of sale pro�ided in th�Singl�Family Mortgage Forec��sure Act of 19�4 �"Ac�"} �12 ij.S.C. 3751 et seq,} by requesting a fareclosure commissioner designated under the Act to eommen�e foreclosure and to sell the Property as pro�ided in the A�t. Nathing in the pre��ding s�nt�nce shall d�pri��th�Secretary of any rights otherwise availahle�o a L�nder under this Paragraph 18 or appli�ahle law. Upon re��ipt af paym�nt af the price hid,Trustee sha�l deli��r to the purchaser Trustee's deed con�eying the Property. Th�recitals in the Trustee's deed shall be prirna facie evidence of the truth af th�statements made therein. Trus�ee shall apply the proceeds of th�sale in the Fallowing order: �a}to all costs and expen�es of exer�ising the power oF sa�e,and the sal�, including the paymen�oF the Trustee's fees actual�y incurred and reasonable attorneys' Fees as p�rmitt�d�y Applicable Law; �b}t� all sums secured by this Se�ur�ty Instrument; and�c}any exccs,s�o the person or persons legally entitl�d to it. 'I 9. Recan�eyan��. Upon paymen�vf a1�suins secured h�this Security In�trument, I.ender shall r�quest Trustee to recan��y the Praperty and shall surrender this Security Instrument and a�l notes��idencing debt secur�d by this Security Instrument to Trustee. Trust�e shall reconvey�1ie Prvper#�wi�hout warranty and without charge t.o th�p�rson or per�vns legaily entitied to it. Such per5on or persons shal�pay any re�ardation costs. 2�. Substitute Trustee. Lender, at it5 option, may fram time tU time remo�e Trustee and appoint a successor tru�tee to any Truste�appvinted hereunder b�an instrumen�r�cvrded in the county in which this 5ecurity �nstrument is r��arded.Without con�eyanc�of t�e Property, the successor trustee sha11 succeed to all the t�tl�,p�w�r and du�.��s conferr�d up�n Trust��h�rein and by applic:a�le law. ��. Request for Notices.Borrower requests�hat capi�s of the notices of default and sale be sent ta Borrvwer's address which is the Property Address. 22. Riders tv this Seeurity Ens#rumen#. �f on�or mare riders are executed by Barrow�r and recorded together�vith�his Secur��ty�nstrument, the covenants of each such ridcr shall be incorporat�d into and shall amend and supplement the covenants and agreements of this Securi�y Instrument as if the rider�s}were a par� of t�iis Securi�Ins�rumen�. [�he�k applicable box�es}�. ❑ Condominium R�der ❑ �row ing Equity Rider ❑ �ther[5pe�:ify] ❑ P�anned Unit Dev�lopment Rider ❑ �raduated Paym�nt Rider � i I 4092714 4�92714 FHA Martgage WlTH MERS-NE Revised 4I9fi ; VMP� VMP4NtNE��1302� Wolters Kluwer Financial 5err►ices Page S of 1 Q 602962 4t1�27[4