201008145 - Laserfiche WebLink

Browse

201008145 18. Foreclosurc Procedure. If I.ender requires innmediate payment in full under paragraph 9, Londer may invoke tha power of sale and any other remedies permitted by applicable law. I,ender shall be entitl�d to collect all expenses incurred in pursuing the remedies under this paragraph 18, including, but not limitcd to, reasonablo attornoys' fees and costs of title evidence. Yf the power of sale is invoked, Trustee shall racord a notica of default in each county in which any part of tho Property is locatod and shall mail copies of such notice in the manner prescribed by applicable law ta Barrower and ta the other persons prescribed by applicable law. After the timo requirod by applicablo law, Trustae shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, withaut demand pn Borrower, shall sell the Property at public auction to the highest bidder at the time and place and undar the terms dasignated in the notice of sale in one or more parc�ls and in any order Trustee determinea. Truste� may postpone sale of all or anq parcel of the Property by public annonncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Proporty at any salo. Tf the Lendar's interest in this Security Instxument is l�eld by the S�retary and the Secr�tary requirca immediate payment in full under Paragraph 9, tha Svcrotary may invokc tht nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner dosiguatsd under thc Act ta commcnco forcclogure and to sell the Property as provided in the Act. Nathing in the praceding sentenca shall deprive the 5ocretary of any rights otherwisa availabla to a Lender under this Paragraph 18 or applicablc law. Upon receipt of payment of thc prico bid, Trusteo shall delivor to thc purchaser Trustee's deed conveying the Pxoparty. The recitals in thB Trustec's deod shall ba prima facie evidence of the truth of the statements mada therein. Truatee shall apply the proceeds of the sale it► the following order: (a) to aA costs and expenses of axercising tha power of sale, and tha salc, including thc paytnent of the Trustee's feea actually incurred, not to exaeed N/A % of tho principal amount of thc not� at the time of the declaratian of default, and reasonabla attorneys' foes as parmittod by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the parson or porsons logally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee ta reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Tnstrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the persan or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from time to time rernove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an lnstrument recnrded in the county in which this Security Instrurnent is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Requost for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrumeni, the covenants af each such rider s4a11 be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. 0 Adjustable Rate Rider [� Graduated Payment Rider [�] Other(s) [specify] V-4N(Nq �oao�).o� � Condominium Rider 0 Growing Equity Rider � Planned Unit Development Rider [] Rehabilitation Laan Rider Page 7 of 8 � 5�