201504602 - Laserfiche WebLink

Browse

� ��15�45U� f � pro�ision. To this end the pro�isions of this 5ecurity Instrument and the Note are declared ta be se�erable. 6. Borrawer's Copy. Borrower shall be gi�en one c�nfarmed copy af the Nate and of this Security Instrument. N�N-LJN�F�RM��VENANTS.Borrower and Lender further co�enant and agree as fallaws: 7. Acceleratian; Remedies. Lender shall gi�e notice ta Borrower prior ta acceteration fol�ovring Borrower's breach of any ca�enant or agreement in this Security Instrument,The notice shall specify: �a} the default; �b) the action required to cure the default; �c) a date, not less than 3� days frvm the date the n��i�e is giWen ta Borr�wer,�y which the defau�t must be cured; and�d} that failur� ta cure the d�fault on ar before the date specifed in the notice may result �n aeee�eration of the sums se�ured by this 5�eurity Instrument and sale of the Prvperty. The n�tiC�shal�further inform Borrnwer of the right ta reinstate after acceleration and the right to hring a court�ction to a�sert the non-exis�ence af a default or any o#her defens�oF B�rrawer to accel�rat�an and sale. If the default is n4t cured on or before the date specified in the notice, Lender at its option may require immediate payrnent in fu�I of al�sums secured by this Se�urity Instrurnent withou�further demand and may invoke th�power❑f sale and any ather rernedies permitted by Applicable Law. Lender shal� be entitled to collect all expenses incurred in pursuing the remedi�s pr��ided in this Section 7, in�iuding, but not limite� to, reasonable attorneys'fees and costs vf tifle e�idence. If the power of sa�e is in�oked,Trustee shatl recard a notic�of defaul� in each caunty in whi�h any part of the Froperty is located and shall mail copies of such natice in the manner pr�scribed by App�icabl� Law to Borrower and ta #he other per�ons pres�ribed by Applicab�e Law. After the�ime required by Applicable Law,Trustee shall g��e public natice of sa�e t�the persons and in the manner prescrib�d by Ap�1�C�ble Law, Trustee, withaut demand on Borrnwer,shall sell the Property at public auctian ta the high�st bidder at the time and p�ace and under the terms designated in the nati�e of sa�e in one or mnre parcels and in any order Trustee determines. Trustee may postpone sale af all or any parcel of th� Property by publi�announcement at the time and place �f any pre�iously scheduled sale. Lender or its designee may purchase the Property at any sal�. Upon receipt of payment of the price 6id,Trustee sha�l de�i�er to the purchaser Trustee's deed can�eyin� the Praperty. The recitals in the Trustee's deed shall be prima fa��e e��dence �F the truth af the statements made therein. Trustee shall apply the proceeds vf the sale in the follawing order: �a) to all costs and expenses af exercising the power af sale, and #h� sa[e, including the payrnent of th�Trustee's fees actua��y incurred and reasonable attorneys' f�es as permitted by Applicahl� Law; (b}to all sums secure� by this Securi�ty Instrument; and �c} any excess t4 the person Qr persons I�gally en�itled to it. lf#he Lender's interest in this Seeurity Ins#rument is held by thQ Secretary and the Seere#ary requires immediate payment �n full under Paragraph 7 aF the Subordinate 1�1ote,the S��retary may invoke the nan-judicial pawer of sale pro�ided in the 5ing�e Family Mortgage Fareclasure Act of 1994�"Act"��12 U.S.C.3751 et seq.}by requcsting a forectosure camrr�issioner designat�d under the A�t ta carnmence fore�losure and to sell the Praperty as pro�ided by the Aet.Nothing �n the preceding s�ntence shall depri�e#h�Secretary af any rights atherwise a�a�labte ta Lend�r under this pa ragraph or applica ble law. $. R�quest fvr Nvtic�s. Borrnwer requests that capies vf th� no�i�es of defau�t and sale be sent to Borrower's address which is the Property Address. Wei is Fargo Custam Part�al C�aims Loan Mod�ficat�on Agr�ement Init�al L U4232015?S9 936 I��IUI��1 Fitst Amcr�can Mortgage Servic�S Page 3