201608397 - Laserfiche WebLink

Browse

power of sale and any other remedies permitted by applicable law. Lender /Mortgagee shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Paragraph, including but not limited to, reasonable attomeys' fees and costs of title evidence. If the Lender's /Mortgagee's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 7 of the Note, the Secretary may invoke the non judicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ( "Act ")(12U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender /Mortgagee under this Paragraph or applicable law. 8. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender /Mortgagee shall request Trustee to reconvey the Property and shall surrender this Security Instrument and 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 recordation costs. 9. Substitute Trustee. Lender /Mortgagee, 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. 10. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property address. BY SIGNING BELOW, the Borrower accepts and agrees to the terms contained in this Security Instrument and in any rider(s) executed by the Borrower and recorded with it. [Space Below This Line For Borrower Acknowledgement) 11H Borrower - MICHAEL D. MENAGH (Mu : - Signed Exactly as Printed) / .4.141/114. *se Borrr er - JAMIE L. M NAGH (M "�s Be Signed Exactly as Printed) FHA Subordinate Security Instrument IMMIgiictin 11111 Date: Date: 201608397 / 2 , 2_ ,/ CR42439 FM119 (page 4 of 5 pages)