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2� 17�2�82 <br /> Ir�strument. <br /> Lender sha��not be required to e�#er upvn,take can�rol of or maintain the�'ro�erty b�fare or after g�ving natice af <br /> breac�to�orrower.However,Lender or a judicially appvinted receiver may do so at any time there is a breach.Any <br /> applicatian of rents sha�Z not cure or waive any defauit or invalidate any other righ� or remedy of Lender. This <br /> assignrnent of rents of the Property shal�terminate when the debt s�cured by this Security�ns�rument is paid in ful�. <br /> �5. Foreclosur�Prace�ur�. If Lend�r r�quires immedi�te payme�t in full under Paragraph 1�,Lender may <br /> invake th� p�w�r af sale and �ny �ther remedi�s permitted by appiicab�� law. Le����r shalt be �ntiti��l t4 <br /> callect all expenses incurred in pursuing the remedies pra►vided in this Faragraph Z5, inc�ud�ng, but not <br /> Iimited to,reasonab�e attorneys fees and co�t5 of titie e��dence. <br /> If the pawer of sale is in�aked,TruStee shall record a nntice of default in ea�h county�n which any part of the <br /> Property is lacated and shall mail capies of 5uch n�tice in the manner prescribed by app�icabie Iaw to <br /> B�rrower and to the vther persans prescribed�y applica�le l��v.After the time r�quired�y appli�a'b��lavv, <br /> Trustee shall gi�e publi�nQt�ce of sale ta the per�ons and in the manner prescr�bed by appli�able law.TrustQ�, <br /> without demand on BorrowQr,sha�l sell the�roperty at public auction to the highest bidder at the time and <br /> place and under the terms designated in the notice of sale in one or more pareels and in any order Trustee <br /> determines. Trustee may p�stpane sale of all or any parCel af the Property �y pu�lic announcement at the <br /> time and place of any previousiy scheduled sa�e. Lender or its des�gnee may pur�hase th� Property a� any <br /> s ate. <br /> Upon re�eipt of paymen�of the price bid,Trustee shal�deliver to the purchaser Trustee's de�d can�eying the <br /> Property.The recitals in the Trustee's de�d shall be pr�ma facie e�iden�e of the truth of the statements made <br /> therein. Trustee shalI apply the proceeds of the sale in the fal�ow�ng order: (a) to a�i cost� and expens�s of <br /> exercising the power of saie, and the sale, includ�ng the payment of thQ Trustees fees actua��y incurred and <br /> reasonahle attarneys'fees as permitted b�applicable law;�b}to ail sums secured by this Security Inst�ument; <br /> and(c)any excess to the person or person��egatiy ent��le�i t�it. <br /> �d. Lien Pri[nrity. The fuli amount secured by this Security�nstrument shall have a�ien priority subordinate only <br /> to the full amount secur�d by the First Security Instrument. <br /> �7. Ad,�ustable Rate Feature. Und�r the Note, the initial stated interest rate of Faur and 55311UOU's percent <br /> �4,5�3°/�� w�i�h accrues tin th��p�id principal balance �"Initia� Interest�t.a�e"} is subje�t ta change, as described <br /> be�ow. When the in�erest rate Changes, the n�w ad�usted interest rate will be applied to the tatai ot�tstand�in� <br /> principal batanc+e. Each adjustment ta the interest rate w�ll be based upon the�ne-Y�ar London Interbank�ffer�d <br /> Ra�e�"L�BQR"}as made available in the "Money Rates" section of the Wall Street Journal�"�ndex"}plus a margin, <br /> rounded ta three digits to the righ�of the decimal point.. If�he Index is na t�ng�r available, Lender wili be required <br /> ta use any index pres�ribed by th� I]epartment af Hausing and Urban De�elopment. The new index wi�� have a <br /> hist�rical mo�em�nt subs�antiall}r similar to the �riginal index, and the new index and margin wil� res��t in an <br /> annua� p�rcentag� rate that �s substantially simila� to the ra�e �r� effect at the �ixne th� ariginal in�.ex becomes <br /> una�aila�le. <br /> Lender will perform the calculations described be�ow tn d�termine�he new ad�usted interest rate. The interest rate <br /> may change nn the first day of April, 2�18 and �n that day of each succeQding year, �"Change Date"} until the <br /> Iaan is repaid in full."Ci�ange Date"means each date in which the interest rate could change. <br /> The valu�of the Index wi11 be determin�d,using th�most recent index fgure availah�e thir�}r�3Q}days b�f�re the <br /> �hange Date �"Current Index"}. Before each Change Date, the new interest rate will be calculated �y adding a <br /> �ne Reverse Mortgage,LL� Loan�riginator:B ruce C�lsen <br /> �ompany-NMLS#:2Q5Z-Loan Number:336995�673 i�oan t]riginator NMLS#:942398 <br /> �Te$raska-2"�SQc�rit�Instrument(Adjustubt�} Page 9 of 11 ��ay�ocs,�LC D,31D1/�415 <br /> qQ33�995��73 'f�72 �39 �9�� <br />