201500388 - Laserfiche WebLink

Browse

' 201500388 If the power of sale is invoked, Trustee ahall record a notice ofdefault m each county in which any '� part of the Property is located and shall mail capies of such notice in the manner prescribed by ' applicable law to Borrower and to the other peraons prescribed by applicable]aw.Ai�er the time , required by applicable law, Trustce shall give public notice of sale to the persons and 'm the manner ' prescribed by applicable]aw. Trustee, without demand�Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms d�ated in the notice of sale ' in one or moze parcals and'm any order Trustee determines. Trustee may poatpa�e sale of all or any parcel of the Property by public announcement at the time and place of any previonsly scheduled sale. Lender or its deaignce may purchase the Praperty at any sale. � If the Lender's interest in this Security Inslrument is hald by the Secre�tary and the Secretary requires � immediate payment in full under Paragraph 9, the Secretary may invoke tha na�judicial power of sale provided in the Single Fam�y Mortgage Fa�eclos�ue Act of 1994("Act")(12 U.S.C. 3751 et seq.)by requesting a foreclosute commissioner designated under the Act to co�►mence foreclosure and to sell the Property as provided 'm the Act. Nothmg in the preced.ing seat�ce shall deprive the Sectetary of any rigbts otherwise available to a Lender•under this Paragraph 18 a� applicable law. Upo�n receipt of payment of the prica bid, Trustae ahall dalive�to the putchaser Trustee's deed conveyiag the Property. The recitals m the Trustee's dead shall be prima fac�te evideace of the trnth of the statements made tharein. Trustee shall apply the proceeds of tha sale in#he followmg a�der: (a)to, all costs and eaipenses of exercising the power of sale, and the sale, including the.payment of the . , Trustee's fees actually incurred and reasa�able atto�neys' fees as permitted l�x Applicable Law;�(b)to all sums secured by this Security Instrument; and(c)any excess to the per.son�persons legally entrtled to it. . • 19. ReConveyanCe. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and sha11 surrender this Security Instrument.anc��all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any r�cordation costs. . 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded: Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. , 21. RaqueSt for Notic�s. Borrower requests that copies of the notices of default and sale be sent to Borrower's , address which is the Property Address. ' 22. fbders to this Security Instrument. If one or more riders are executed by Borrower and recorded ', together with'this Security Instrument, the covenants of each such rider shall be incorporated into and shall , amend and supplement the covenants and agreements of this Security Instrument as if the rider(s)were a part of this Security Instrument. [Check applicable.box(es)]. � ❑ Condominium Rider 0 Growing Equity Rider � Other [specify] ' , 0 Planned Unit Development Rider ❑ Graduated Payment Rider , 131258498 0089861157 FHA Mwtgage WITH MERS-NE Revised 4/96 VMP� VMP4NME)(1302).00 Wokers Kluwer Financial Services Page 8 of 10