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200206295
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200206295
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Last modified
10/15/2011 12:04:36 AM
Creation date
10/22/2005 8:50:13 PM
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DEEDS
Inst Number
200206295
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200206295 <br />IS F'nreclosurc Procedure. If Leader requires immediate payment [m roll =der paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall hen be entitl noted to co lect <br />all expenses incurred in pursuing the monedim under this paragraph 18, inelmling, <br />reasonable attorneys' fees and casts of title evidence. <br />If the power of sale is Invoked, Trustee shall record a notice of default in each county in which any part of <br />the Property is located and shall mail copies of Such notice in the maMM pr Sfribed by applicable law to <br />Borrower and to the other persons prescribed by applicable law. After the time required by applicable low, <br />Trustee shall give public notice of sale to the persons and in the in=," prescribed by applicable law- Trader, <br />without kniand on Borrower, shall sell the property at public auction to the highest bidder of the time and <br />place and under the terms designated in the notice of sale in one or more parcels public armotmeemem at the lime <br />determines. Trustee may postpone sale of all or any parcel of the Property by p <br />and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. <br />If the Lend[Ws interest in this Security Instrument is held by the Secretary and the Secretary rofus le <br />immediate payment in full =der Paragraph 9, the Secretary may invoke the noujr Power <br />provided in the Single Family Mortgage <br />Foreclosure Act eel 1994 ( "Act ") (12 U.S.C. 3751 a se9J by requesting <br />A fom losurc commissioner designated under the Act to cormneaco foreclosure and m sell the Property as <br />provided m the Act. Nothing In the preceding sentence shall depri ve the Secretary of Any rights otherwise <br />available to a Lender under this Paragraph IS or applicable low. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's decd conveyiug <br />the property- The recitals in the Trustee's deed shall be prima facie evidence ( oa the <br />to al truth of and all statements <br />sds of the sale in the following ordor made therein. Trustee shall apply the pruce'. ) <br />mtemking the power of sale, and We sale, including the payment of the 'f rustet's fen Actually incurred, not w <br />exceeds. 000 % of the principal amount of the note at the time of the declaration of d lt <br />efau, <br />and masanuble attorneys' fen' as permitted by laws (b) to all sums scoured by this Security Instypment; and (c) <br />=y excess to the person or persons legally entitled to it. <br />19. Reemseyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />ton onvery the property aid shall surrender this Security Instmmcnr and all notes evidencing debt severed by this <br />Sceurily instmmem to Truster. Trustee shall recoav y the Property without warrmty and without charge to the <br />person on persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />7,B. Substitute Trustee. Lender, at its option, may from time to titre, remove TrusteC and appoint a successor <br />trustee co any Trustee appoinud hereunder by an m5banrent recorded in the county in which this Security Instmmcrn <br />is recorded. Without conveyance of the Property, the successor trusts shall succeed to all the title, power and duties <br />coof,ad own Trust" herein and by applicable law_ <br />,ti. Request for Notices. Bormwer requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22, Hiders In this Security Instrument. If one or more riders arc esteemed by Borrower and remrded together <br />with thin: Security Instaurrent, the covenants of each such rider shall be incorporated into anal shall amend and <br />suppleman the covenants and agscnunts of this Security Instrument as if the rider(s) were a part of this Security <br />InsmtmrnL. (Check applicable box(es)). Other (. reco` TAX F.BFHPT <br />L_ Condominium Rider L � Growing FNuiry Rider sf y) <br />. ] Planned Unit Development Rider (] Graduated Paynuur Rider <br />X"t RIDER <br />�4a1NE1 isaon ���- <br />gz /g( ON Xdd WV M90 30J. ZM- 11 -N0f <br />
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