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201000849
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Last modified
2/8/2010 2:45:23 PM
Creation date
2/8/2010 2:45:22 PM
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DEEDS
Inst Number
201000849
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201000849 2p~A11 <br />' ...................._....~__~a,~wi.u..,.........................:. ................~ilull.ll;tLlEl~.l................................. _... <br />18. Foreclosure Procedure. If Lender requires immediate payment in Pull under paragraph 9, Lender may <br />invoke the power oP sale and any other remedies permitted by applicable law. Lender shalN be entitled to collect <br />all expenses Incut`red in pursuing the remedies under this paragraph 18, including, but not limited to, <br />reasonable attorneys' Pees and casts of title evidence. <br />If the power of sale is Invoked, Trustee shall retard a notice o[ default in each county in which any part oP <br />the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br />Borrower and to the other persons prestxibed by applicable law. After the time required by applicable law, <br />Trustee shall give public notice oP sale to the persons and in the manner presa~ibed by applicable law. Trustee, <br />without demand oh Borrower, shall sell the Property at public aaction to the highest bidder at the time and <br />place and under the teruas designated In the notice of sale In one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale aP all or any parcel oP the Property by public announcement at the time <br />and place oP any p~evlously scheduled sale. Lender or Its designee may purchase the Property at any sale. <br />IP the Lender; s interest in this Security Instrument Is held by the Secretary and the Secretary requires <br />imimedlate payment to fuNl under Paragraph 9, the Secretary rtray invoke the nor~udldal power of sale <br />provided irr the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.} by requesting <br />a foreclosure cominlssloner designated under the Act to oommerrce Foreclosure and to sell the Property as <br />provided lun the Att. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise <br />available to a Lender under this Paragraph 1S or applicable law. <br />Upon receipt tP payment of the price bid, Trustee shall deliver to the ptrrchaser Trustee"s deed conveying <br />the Property. The recitals bn the Trustee's deed shall be prima facie evidence of the truth of the statements <br />miade therein, Ttvstee shall apply the proceeds oP the sale in the Following order; (a) to all costs and expenses of <br />exercising the power of sale, and the sale, includlrrg the payment of the Trustee's Pees actually incurred, not to <br />exceed0.000 ~ % oP lire principal amount of the note at the time of the declaration of default, <br />and reasonable attorneys' Pees as permitted by law; (b) to all sums secured by this Security Instrumiertt; and (c) <br />any excess to the pcv~, rson ar persons legally entitled to it. <br />19. Reco~eya~rce. Upon payment of ail sums secured by this Security Instrument, bender shall request Trustee <br />to recanvey the Pr erty and shall surrender this Security Instrument and alI notes evidoncing debt secured by this <br />Security Instrument ~ to Trustee. Trustee shalt recanvey the Property without warranty and without charge to the <br />person or persons ie~ally entitlod to it. Such person ar persons shall pay any recordation costs. <br />20. 5ubsbltute Trustee. Lender, at its option, may from limo to time remove Trustee and appoint a successor <br />trustee to ar>yy Trusted appointed hereunder by an instrument recorded in the county in which this Socurity Instrument <br />is recorded. WithouC conveyance of rho Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request fad Notices. Borrower requests that copies of the notices of default and sale be soot to Borrower's <br />address which is the property Address. <br />2z. Riders to t~ris Security Ltstrtunent. If one ar maro riders are executed by Borrower and recorded together <br />with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and <br />supplerrsrtt the covenants and agreements of this Security Instrumont as if the rider(s) were a part of this Security <br />In~nent. [Check applicable box(es)). <br />Coxtdominiurt- Rider ^ Growing $quity Rider ^ Dther [specify] <br />^ Planned Unit! Development Rider ^ Graduated payment Rider <br />4RIN@l tooo~} <br />P~ae 7 e} 8 <br />ias.i~: ~~iC' <br />~ ~.~ . k <br />
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