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200805380
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Last modified
6/23/2008 8:29:40 AM
Creation date
6/23/2008 8:29:39 AM
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DEEDS
Inst Number
200805380
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<br />200805380 <br /> <br />18. Fortdosure Proc:ed:orc. If Lender requires ilJl.mediate payment bt full under paragraph 9, Lender may <br />invokl; the pOwer of sale and any otber remedies permitted by applicable laW. Lender shaD be entitled to colkd. <br />all expenses l'llCUlTed in pursuillg the remedies \IIlder this paragraJ?b 18, b1cl\uti~, but Dot limited to, <br />reasonable attoroeys' fees and COIIt$ of title mcJence. <br />If the power of sa1~ ;1 invoked, Trustee sball reCOrd a notice of default in each COllDty in which any part of <br />the Property is located IUUI sball man copia of s1Kh notice in the manner prt$cribcd by applic:able law to <br />Borrower and to the otha'" persons preScribed by applicable law. After the tbne req'Ob'ed by applicable law, <br />Tru.8tee shall give public notkc ot sale to the persoos and in the maDDer prescribed by applicable law. Trustee, <br />without demand on Borrower, shill sell the Properly at pUblic auctioD to the bigbdt bidder at the time and <br />place and under the tenllS d~ted in the notice of sale in one or more parcclIl and in any oreler T1'lISke <br />determineS. Trustee may postpone sale of all or any parcel of the Property by public announC2lllent Ilt the time <br />and place of aD.Y previously .cheduled sale. Lender or its designee may ~ the Property at aoy Bale. <br />If the Lmder's intw;oest In this Security Instrmnent is held by the SecretarY and the Seaelm1 requires <br />iDutledtate payment In full under Pangraph 9, the SecnW'Y may invoke the nonjudicial PO'" of sale <br />provided in the Single Family Mortgage P'oredOSDR Ad. of 1994 ("Actll) (U V.S.C. 3751 et stq.) by nqucsdag <br />a foreclosure commisll1oDer desipated under the Act to commence foreclosure aDd to scll the Property as <br />pro"\ltded in the Act. NotbiDg In the preccdlng sentence &hall depri'Ve thl; SecretarY of any righU othmrlse <br />.vailable to a Lender mea" this ~ph 18 or applicable la1". <br />Upon receipt of pa)'DHlllt ot the price bid, Trustee shall deliver to the purchaser Trustee's dr.cd romeylng <br />the Properly. Tbe recitals in the Trustee's dted shall be prilml facie evidmte of the truth of the ItJtements <br />madt t)lenm. Trustee shall apply the proceeds of the sale in the follO\'VJna order: (a) to all wst8 and upeasa of <br />Bm'C:lStng tbe power of 5al~ and the sale, including the payment ot the Trustee's fees actuaUy Incurred, not to <br />eueed 5 . 000 '10 of the principal amount of the note at the time of the declaration 01 detault, <br />and reasonable llUomeys' fees as permitted by law; (b) to all mms 1Iec:urtd by this Securlty IDStnuIlellt; and (c) <br />any deess to the. perlon or persona legally catitled to it. <br /> <br />19. ReconveyaDC8. Upon payment of aU S\1D1S secured. by this security IDSU'IlIIleIlt, Lender shall request Trustee <br />to reconvey the Ptoperty and sball surrender this Scwrity In&tIwnCDt and all notes evidencing debt secured by this <br />Securlty Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the <br />person or pmODS legallY entitled to it. Such persoD or persons shall pay any recordati011 costs. <br /> <br />20. Substitute Trustee. Lender, at its option, may from time m time remove Tr\lJJtee an~ appo~ a suCCCU01" <br />trustee to any Trustee appointed heteunder by an inst:rumeDt Ieeotdcd in the count)' in whid1 this Security Ins1I1llDent <br />is recorded. Without conveyance of the Property, the successor trUstee shall succeed to all the title, power aDd duties <br />confeIt'Cd upon Trustee herein and. by applicable law. <br /> <br />21. Request for Notias. Borrower requests tha1 copies of the notices of default anG sale be sent to Bouowcr's <br />address wlUcb is the Property Addrcs.s. <br /> <br />12. Rid~ to this ,Secmity IDstrulnent. If one or more riders are executed by Boxrower and recorded together <br />with this security :rnstrument, the covenants of each $U.Ch rider shall be incoIporared inti;> and shall amend and <br />supplement the covenants and agreement!! of thi$ Security ll1Strument as if the ridcr(s) were a part of this Security <br />~ent. [Check Ilpplicable box(es)). <br />LJ Condominium Rider B Growing Bq\1itY Rider 0 Other [specify] <br />o Planned Unit Development Rider Orad.uated payment Rider <br /> <br />~4RINEI \116011 <br /> <br />PagB 7 of B <br /> <br />Il... /;~" <br />Inlllllle:W~" <br />
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