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201608607
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Last modified
7/28/2017 1:13:33 PM
Creation date
12/21/2016 10:55:37 AM
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DEEDS
Inst Number
201608607
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� i 2� 1 ��8��7 <br /> . <br /> z � <br /> 5. Gaverning Law; Se�erahility. This Security instrument shall be g��ern�d by Federal law and�he <br /> �avr� of the jurisdictian in whi�h the Property is located. in the ��ent that a�y provision or c�at�s� of <br /> this Security �nstrument or the Note canflicts with applicable law, such conflict shall not affect other <br /> pro�isi�ns of this Securi�y Instrument or�he'l�ate which can be gi�en effect without �he conflictin� <br /> pr��ision. To this end the prv�rsions �f Chis 5�curity In�trurnent and th� Note are declared to be <br /> severable. <br /> b. Borrower's �opy. Bar�-ower shall be gi�en one conf4rmed Gopy of the I�ate and of this Security <br /> Instrument. <br /> N�N-C�N�F�RM��VENANTS,Barr�wer and Lender further�o�enan�and agree as fo���ws: <br /> 7. Accelerat�on; Remedies. Lender shall gi�� noti�e to Borrower prior to a�celeration fa���w�ng <br /> Borrawer's breach of any covenan� ar agreement in this Se�urity Instrument. The notice sh�ll <br /> specify; �a� �he defau�t; {h} the act�on requ�r�� td cure the default; �c) a date, nQt less t�an 34 <br /> days from the date the notice i�gi�en to Borrow�r,by whiGh the defau�t rnus�b�cured; and�d} <br /> that failure to cure th� defau�t on or before the date specified in the natice may result in <br /> accelerati�n of the sums �e�ur�d by th�s S�curity Instrument and sale of the PrQp�x-�y. The <br /> notice shall further infarm Borrower of the righ�to reinstate after a�celer�tion and the right�o <br /> bring a eourt aetion t�assert the n+�n-existen�e of a default�r any other defense vf�orrower to <br /> aeceleration and sale. �f the default is not cu�red on �r bef4re the date spe�ified in �he no�ice, <br /> Lender�t its option rr�ay require immedia�e payment�n ful�of a�l sums secured by this Security <br /> Instrum�nt withou� fu�-�ther demand and may in�ake the power�f sale and any other remedies <br /> �ermitted by �lpplicable Law. Lender shall be entitled ta collec� a�l expenses incurr�d in <br /> pursuing the remedies pro�ide� in �his S��ti�n 7, inc�uding, but not �imited ta, reasonahle <br /> attorneys'fe�s and costs of titfe e�idence. <br /> lf the pawer of sal� is in�oked,Trustee sha�l reeord a notic�of default in eaeh �ounty in which <br /> any part af the Property is located and sha�l ma�l copies of such x�atice in the manner pres�ribed <br /> by Applicahle Law to Barrower and to the o�her persons prescribed by Ap�ticable Law.After <br /> the time required by Applicahl� Law,T�uste�shall gi►�e pu�l�c notice of sal�ta the persons and <br /> in the manner prescribed by Applicabie Law. Trus�ee, without demand an BorrQwer, shall se�� <br /> the Froperty at public auction to the highest bidder at the t�me and p��c� �nd under the terms <br /> designated in the notice of sale in ane �r more p�rcels and in any arder Trustee deterrnines. <br /> Trust�e may postpone sale �f all ar any par�el of the Property by pub�ie announcem�nt at the <br /> ttme and place af any pre�iously schedu�ed sale. Lender ar its designee rnay Furchase the <br /> Praperty at any sale. <br /> Upon r�ceipt af payment of the price b�d,Truste�shall de�iver to the pur�haser Trustee's deed <br /> c�n��ying fhe Property. The �Qcita�s �n the Truste+e's deed shali be prima fa�ie e�idence �f the <br /> truth of the statements made therein. Trustee shall app�y the pro�eeds of the sa�e in th� <br /> fallawing arder: �a� to a�l C85�5 an� expen�es of �xer�is�ng the pawer �f sale, and th� sa�e, <br /> in�luding the paym�nt of the Trustee's fees actually ineurred and reasflnab�� attorneys' fees a� <br /> permitted �y Applicable Law; �b} to all sums secur�d by this Security Instrument; and �c� any <br /> excess ta the person or per�ans�egally entit�ed to it. <br /> If the Lender's interest �n this Security Instrurnent is held by th� Secretary and the �ecretary <br /> requires irnmediate payment in full under Para�raph 7 of the Subordinate Note, th� Secretary <br /> may in�ak�the nfln-judicial power of sale pro�ided in the Single Farnily Mortgage Fo�eclo�ure <br /> Act of 1994�"Act"}�12 U.S.C.3751 et se�q.}by requesting a foreclosure commissi�ner d�esignated <br /> under the Act to commence fore�losur�ancl t��e�l the Property as pro►�i�ded hy th�A�t.Nothing <br /> in the preceding sentence sha�l d�pri�e�he Secretary of any rights otherw�se a�ailahle to Lender <br /> under this paragraph or appiicable law. <br /> �Vells Fargo CustQm FHAIllSDA HAMP{�omba}11112�16 44$ IVA1936 I�INI�IIIIIIII�I�N����I���� <br /> Page 3� <br />
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