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99100566
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Last modified
3/13/2012 12:17:31 PM
Creation date
10/20/2005 10:05:44 PM
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DEEDS
Inst Number
99100566
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�. , <br /> k <br /> ; <br /> k <br /> � . _. . . . . . . .. . . _ <br /> 9 <br /> ( � <br /> ) � , <br /> �q- ���5�� <br /> 18. Foreclosure �rocerlure. iif Lendee-requires immediate payment i� fu�l un�der paragraph 9, Leader may <br /> invoke t;�e power of sale arnd any other remedies�xt�iitt�d by appaicable law. Lender shal!be entitled to colfect ' <br /> all expenses incuired ia pursuing the rrmedies under this' paragra�ph 18. including, bu3 not limited to, <br /> reasonable attorneys` fee�aad c�ts of title evidence. � <br /> If t6e power of sale is invoked,Tndstee shsll record a notice�f default ia�each county in wb�ich any part of <br /> the Fropecty is located $�d shall mai! rnpics of sach notice in the"manner prescribed by appiicable las� to <br /> Borrower anci to the Mhxr petsoaa� prescribed by applirable lar�r. Aftpr the,time requiml by tapplicable law, <br /> Trustc�shat! give public natice of sale to the persons and fn the manner pr�ecibed by ap�licable law.Trustee, <br /> wifhout den�at:d oa� �iorrower, shall sell the Prop�erty at public a��ction to the highesi bidder at �he time and � <br /> place and under tk�e terms �lesignated in the not�ce of sale in one or more garceLs and i� any o ' er Tncseee � ' <br /> determines.Tcustee m�y postpooe sale of all or�ny parcel of the Property by �ublic announcement�t the time <br /> and place o!'any�reviously schednled sale:I,ender or its aesignee may purcE�ase the Property at any sa�e: <br /> If the Le�nder's interes! in this Secutity Instrument is held by the Secretary and the Secretary reqnires " <br /> immediate payment in fu!! under Paragraph 9, the Secretnry may invoke the noqjudicla! power of sale <br /> provided ia the Single Family Mortgage Foreclosun Act of 1994("Act") (12 U.S.C. 3751 et seq.) by request➢ng <br /> a [ureclosure commissioner designated under t6e Aci to rnmmence foreclosure and to seil the Prop�rty as : <br /> provided ia the Art. Notlung in the preceding sentence s6all deprive the Secretary of any rigbts otherwise <br /> av�iiabic to a Lender under th►s Paragraph Y8 or applicable law. <br /> Upon receipt�f payment of the price btd, Ttvstee shal! deliver to the purchaser Trt�stee's deed conveying : <br /> tl�e Property. The recitals in t6e Tnistee's deed s6ati be�prima Pacie evidence of the truth of the statements <br /> �ade therein.Trustee shall apply the proceeds af the sale in the following order: (a)to ull costs and expenses of <br /> erercising the�oover of sule, and the sale, including th� payment of the Trustee's fees actually incurred, not to <br /> exceed %of the principai amount of Lhe note at the time of the declaration of defauit, <br /> and reasonable attarneys' fees as penmitted by taw; (b) to all sums secured by this Security Insirument; and (c) <br /> any excess to the E�eisan or perso�ts legally entitied to it. <br /> ' 19. Reconveyance. Upon payment of ali sums secured by this Security Instrument, Lender shaJl request Trustee <br /> to reconvey the Property and shall surrender this Security Inscrument and all notes evidencing debt secured by this <br /> Securiry Instrument ;o Trustee. Trustee shall reconvey the Property without warranry and wid�out charge to the <br /> person or persons legaliy entided to it. Such person or persons shalt pay any recordation costs. <br /> 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br /> trustee to any Trustee appointed hereunder by an instr�ment recorded in the counry in which this Security Instrumenc <br /> is recorded. Without conveyance of the Properry, the successor trustee shall succe�d to ali the title, power and duties <br /> conferred upon Trustee herein and by applicable law. <br /> 21. Request for Notices. Borrower requests that copies of the notices of default and sale be ;ent to Borrower's <br /> address�vhich is the Pmpe:ry Address. <br /> 22. Riders to this Security Instrument. If one or more riders ate exe�uted by Borrower and recorded to�ether <br /> with this Security Instiument, the covenants of each such rider shall be incorporated into az,d shall amend and <br /> supplement the covenants :;,d agreements of this Securiry Jnstrument as if the rider(s) were a pan of this Security <br /> Instrument. (Check applicable box(es)J. <br /> , Cl Cond�minium Rider ❑ Growing Equiry Rider ❑ Other[specifyJ <br /> ❑ Planned Unit Devefopment Rider [J Graduated Payment Rider <br /> �-4RINE)tsso4i.as va��o�e <br /> � tnlcial.: <br />
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