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200705777
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Last modified
7/9/2007 4:14:30 PM
Creation date
7/9/2007 4:14:29 PM
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DEEDS
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200705777
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<br />. ' <br /> <br />200705777 <br /> <br />IS. Foreclosure Procedurc. If Lendec requircs immediate payment in full under paragraph 9, Lender mpy <br />invoke tho power ot sale and any other remediel! permitted by applicable law. Lcmder shall be entitled to collect <br />all expCllSOS m<.mrred ill pursuing tho rmnedies under this plU'a,g:rapb 18, including, h\.lt not limited to, <br />rea.sonable attorneys' fees BIld costs of title evidence. <br />lithe power oC sale il':l invoked, Trustee mall record a notice 01' default in each county in whioh llny part of <br />the Prop....ty il':l located and :mall mall copies of f.lUcb notice in the ma.nner prescribed by applicable law to <br />BorrO'lVc:or ....d to the oth.... persons prol':lcribed by appIicsble law. After the time required by applicable law, <br />Trullteo shall give public notice of sale to the per!lOlls and in the mlUlD.cr prworibed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at publlc auction to the h.lghost bidder at tho time and <br />place BDd under the terms dellignated in the notice of Bale in ono or more paroom and in any order Tl-ustee <br />determines. Trust.... may postpono sale of all or any parcel of the Property by public aD.Ilouncement at the timo <br />and place of any previously sC'hoduled sale, Lender or its des!gn= may purohase the Property at any sl'lle. <br />If the LCIld....' s interest in this Seourity Instrument is held by the Secretary ....d the Secretary requires <br />immediate payment in fUll und.... Paragraph 9, the Secretln'Y may invoke tho DonjudiclaI power of sale <br />provided In tho Single Famny Mortgage ForeclO$Ul"eAct of 1994 ("Aot") (12 U.S.C. 3751 et Sdq.) by requesting <br />a foreclosure commissioner dealignated under the Act to colDIIlence fure>closure and to sell the Property I'IS <br />provided in the Act. Nothing in the preceding sentenoe shall deprive the St>e:retary of any rights otherwise <br />available to a Lend.... under this PlU"agraph 18 or applioable law. <br />Upon receipt of paymcut of the priu bid, Trustee shall deliyOX' to the purchas.... Trustee's deed oonveyiD,g <br />the Property. The recitals.lD the Trust_'s deed shall be prima moie evidence of the truth of tho lJtatem.ents <br />mado th....ein. Trustee Ilhall apply the proceeds c4 the slllo In the following order: (a) to aU COlJt8 and 9l<pel1ses of <br />exercising the power of sale, aud the salo, including the paymant of the Trustee's fees aotually Incurred, Dot to <br />exceed NlA. % of the principal .....ount of the Dolo;; at tbo time of tho declaration of <br />Ilofanlt, and rC890Dable attorneys' roes all permitted by law; (b) to aU sums secured by tbls Security Instrument; <br />llJ1d (0) any excess to the person Or p....sons legally ontitled to it. <br /> <br />19. Reconveyanoe. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reCOilvey the Property and shall surrender this Security Instrument and all notes eVidendng debt secured by Ws <br />SeCUrity Instrument to Trustee. Trustee shall reconvey the Property without warnmty and without charge to the <br />pe.-son or persons legally entitled to U. Such persoll or persons shall pay ilny recordation costs. <br /> <br />20. Substitut., Trustee. Lender, at its option, may from tlme to dme remoVe ~tee and appoint a succeSSOr <br />trustee to any Trustee appointed hereunder by UI(nstrument recorded in the county in which this Security Instrument <br />Is recorded. Without conveyance of the Property, the successor (rustee shaH succeed to all the tille, power and duties <br />conferred upon Trustee herein and by appIJcilble law. <br /> <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br /> <br />.22. Rider9 to this Security Inllb"um....t. If One or mOrll riders are executed by Borrower and recorded together <br />wilh this Security Instrument, the covenants of each such rider shaH be incorporated Into and shall ilmend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />Instrument. [Check applicable box(es)). <br /> <br />[=::J Ac:tJustable Ri!.le Rider C=:J Condominium Rider c::J Growing Equity Rider <br />~ Graduated Payment Rider CJ Planned Unit .Development Rider c::J Rehabilitation Loan Rider <br />c:::J Other(s) [specify) <br /> <br />V....N(NE) (0407)_01 <br /> <br />PBU& 7 of a <br /> <br />PR <br /> <br /> <br /> <br />'''ttl<llo,tb <br />
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