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201604245
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Last modified
7/24/2017 2:29:40 PM
Creation date
7/8/2016 10:00:35 AM
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DEEDS
Inst Number
201604245
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, <br /> � � 2� 1 ��4245 <br /> . <br /> this Security Instrument or the 1�Tote whxch can be gi�en effect without the conflicting pro�ision.Ta this end the <br /> pro�isions of this Security�nstna.menf and the Note are declared to be se�erable. <br /> 6. Bvrrawer's Copy.Barrawer shall be given ane conformed copy of the Nate and af thxs Security <br /> Instrument. <br /> NaN-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follows: <br /> 7. Acceleration; Remedies. Lender shall gi�e notice to Borrower prior to acceleratioa <br /> following Borrower's breach of any co�enant or agreement in this Security Instrumen�The noti�e shall <br /> spec�fy: �a}the defau�t; �'b}the a�tion required to cure the defauxt; �c)a date,not�ess than 3�days from <br /> the date the notice�s g�i�cn to Borrawer,by which the default must be cured; and�d}that failure to cure <br /> the default an or before the date specified in the a�tice may result ia acee�eration of the sums secured by <br /> th�s Security Instrurneat and sale of the Property.The notice shall further inform Borrower of the right <br /> to r�instate after acce�eration and the right to bring a court action ta asscrt the noa-eiistence of a default <br /> or aay ather defense of Borrower to acce�eration and sale. If the default is not cured on or before the <br /> da�e specified in the notice, Lender at its option may require immediate payment in full of all sums <br /> secured by this Security Instrument without further demand and may in�oke the pawer of sale aad any <br /> other remed�es permitted by App�cab�e Law.Lender sball be entitled t� �ol�ect al� ezpeases incurred ia <br /> pursuing tbe remedies provided in this Secti�n 7,includrng,hut aot�im�ted to,reasonable attarneys'fees <br /> aad cflsfs af tYtle e�idence. <br /> If the power af sale is in�oked,Trustee shall record a notice of d�fault in each county in which <br /> any part of the Properhy is located and shal� mail �opies af such notice ia the manner prescribed by <br /> Applicablc Law ta Borrower and to the other persons pres�ribed by Applicabte Law. After the time <br /> required �y App�icable Law, Trustee shali gi�e public noti�e of sale ta the persons and in the manncr <br /> prescribed by Applicable Law. 'I�ustee, without demand on Borrower, shall sell the Progerty at public <br /> au�tion to the highest bidder at the time and place and undcr the terms des�gnated in the notice of sale in <br /> one or more parcels and xn any order'Iti-ustee det�rmines.Trustee may postpone sale of ail or any parceI <br /> of the Property by public announcement at the t�me and ptace of any previously scheduled sale. Lender <br /> or its designee may purchase the Property at any sale. <br /> Upon rece�pt of payment of the price bid,'IYustee shall deliWer to the purchaser Trust�e�s deed <br /> con�eying the Property. The recitals in the Trustee's deed shall be pr�ima facie e�ideace af the truth of <br /> the statements made therein.Trustee shall apply the proceeds of thc salc in the fol�owing arder:�a)ta all <br /> costs and ea�penses of ea�ercising the pawer of sale, and the sale, ineluding the payment of the'Trustee's <br /> fees actually incurred and reasanable attorneys' fees as permitted by Appl�cabie Law; (b� to all sums <br /> secured by this Secur�ty Instrument;and{c�any e=cess to the person or persons lega�ly enti#led to it� <br /> If the Lender's rnterest in this Security Instrument is held by the Secretary and the Se�retary <br /> require� immediate paym�nt �n full under Paragraph ? of the Subordiaate Note, the Se�retary may <br /> �n�oke the non-judicial power of sale pro�ided in the Single Family Mortgage Foreclosure A�t of 1994 <br /> �"Act"� (12 U.S.C. 3751 et seq.} by requesting a foreciosure commissioner designated under the Act to <br /> commeac�foreclosure and to sell the Praperty as provided by the Ac�Nothing in the preceding sentence <br /> shall depri�e the Secretary of aay rights otherwise a�ai�able tv Lender under this paragraph or <br /> appli�a�le law. <br /> S. Request for Not�ces. Borrower reyuests that copies of the natices af default and sale be sent to <br /> Borrower's address which is the Propert�r Address. <br /> 9. Substitute �ustee. Lender, at i�s option, may from time to time remn�e Truste� and appaint a <br /> successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this <br /> Security Instru.ment is recorded.�ithout con�eyance of the Praperty,the successor trustee sha11 succeed to all <br /> the title,pflwer and duties conferred upan Trustee herein and by App�icable Law. <br /> HUD-HAMP 1��52415 356 99�24Z8QD8 <br /> Page 3 <br />
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