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201600765
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Last modified
7/23/2017 9:37:45 AM
Creation date
2/8/2016 9:20:24 AM
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DEEDS
Inst Number
201600765
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2� 1 ���7�5 <br /> prevent Lender fram exercising its rights under this Paragraph Z4, except as pr��ided in the Fir�t Security <br /> Instrument. <br /> Lender shall nat be required to enter upon,take control vf ar maintain th�Property before nr after gi�ing notice of <br /> breach to Barrower.Howe�er,Lender or a judicial�y appointed recei�er may do sa at any time there is a br�a�h.Any <br /> app�icatifln of rents shall not cure or vWai�e ar�y default or invalida�e any other ri�ht or remedy nf Lender. This <br /> assignment of rents of the Property shall terminate wh�n�he debt secured by this Security Instrument is paid in full. <br /> �S. Foreclosure Pracedure. If Lender requ�res immediate payment in full under Paragraph 1D,Lender may <br /> in�oke the pow�r of sale and any vther remediQs permitted by applicab�e Iaw. Lender shall be entit�ed to <br /> callect all expenses incurred in pursuing the remedies pro��ded in this Paragraph 25, including, but not <br /> �imrted to,reasana�le attorneys fees and ca5ts of title e�id�nce. <br /> If the power of saxe�s in�oked,Trustee shall record a nvt�ce of default in each caunty in which a�y part n�the <br /> Property is located and shall mait copies of such notice in the manner prescribed hy app�icable law to <br /> B�rrower and to the Qther persons presCribed by appl�cabl��aw. Afte��he time requi��d hy applicahle law, <br /> Trustee shal� gi�e pu��ic noti�e nf sale ta �he persons and in �he manner pre5cri�ed by applica�le law. <br /> Trustee,with4ut demand on Borrower, shall sell the Property at pu�lic au�tion �o �he �ighes�bidder at the <br /> time and p�ace and under the terms designated in the notice af sale in one or mare parcels and in any order <br /> Trustee dete�'mines.Trustee may pos�pane sa�e of all�r any par�el ��the Pr�p�r�y h� puh�ic announcement <br /> at the time and place vf any pre�i�usly scheduied sale. Lender or its d�signee may purchase�he Praperty at <br /> any sa1Q. <br /> Upon receipt o�payme�t tif thQ�rice bid,Trustee shall deliver ta�l�e purchaser Trustee's deed convey�ng the <br /> Prvperty.The recitals in the Trustee's deed shall be prima facie e�idence of the truth of�h�e statements rnade <br /> therein. Trustee shall apply the proceecis nf th� sale in �he fo��owing arder: �a) to a�� costis and expenses of <br /> e���'cising the povrver Qf sale, and the sa�e, including the payment af�he Trus�ees fees actua�ly incurred and <br /> reasanable attorneys' fees as permitted l�y appli�able law; �b� to all sums seCured by this Security <br /> Instrument; �nd�c}any excess to the person or persons legally entitled tn it. <br /> Zf. Lien Priority. The full amount secured by this Security Instrumen� sha�I ha�e a lien priority subordinate only <br /> ta the full amount secured by the�irst Security�nstrument. <br /> 27, Adjustalale Rate Feature. Under the �o�e, �he initial state� interest rate of Three and 9U6I1�D0's per�ent <br /> (3.9U6°/o} �vhich accrues on the unpa�d principal balance �"Initial Inter�st Rate"} is subject �o change, as des�ribed <br /> belnw. When the in�erest rate �hanges, the new adjusted interest rate wiil be applied to th� total outstanding <br /> principal baiance. Each adjustment to the in�erest rate will be based upon the �ne-Year London interbank Offered <br /> Rate�"LIB�R")as made a�ailab�e in the "Money Rates"section of the �all Str�et Journal �"Index"}plus a margir�, <br /> rounded to three digits to the ri�ht of the decimal paint.. If the Index is no longer a�ailable, Lend�r will be required <br /> to use any index �rescribed by the I3epar�ment of Hausing and Urban Development. The new index will ha�e a <br /> historical mo�ement substantially similar to the original index, and the new inde� and margin wi�� result in an <br /> annual percentage ra�e that is substantially similar tfl the rate in effect at the time the original index b�cnmes <br /> una�ailable. <br /> Lender w�il perfarrn the calculations described belovW to determ�ne the new adjus�ed interest rat�. The in�erest rate <br /> may change nn the frst day of February, ZOT7 and on that day of each succeeding year, �"�hange Date"} untiil <br /> the loan is repaid in fu11."Change Datie"means each date in which the interest rate could change. <br /> The�alue of the Index will be determined, using the most recent Index figure a�ailable thir�y �3�} days before the <br /> One Re��r�e Mortgage,LLC Loan Qriginatpr:Tiffany Da�is <br /> �vmpany-�NiLS#:2d52-Lvan�umber:33�9$825�3 Loan�riginator NMLS#:753281 <br /> �eb�aska-�"d Security Instrum�nt(Adjustable) Page 9 of�1 �Bay Docs,LLC �31�IIZQ15 <br /> ����4gas2��� ���� a�7 os�� <br />
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