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201008907
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Last modified
11/30/2010 3:52:25 PM
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11/30/2010 3:52:25 PM
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DEEDS
Inst Number
201008907
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� <br />2oioos9o� <br />18. Foreclosure Procedur�. Yf L�nder requires imrnediat� payment in full under paragraph 9, Lendsr may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to cpllect <br />all experas�s incurred in pursuing the rsmcdies under this paragraph 1$, including, but not limited ko, <br />reasonable attorneys' fees and costs of title evi$�n�e. <br />If the power af sal� is invoked, Trustee shall reeord a notice of default in each county in which any part of <br />the Property is Ipcated and shall mail copies of such notice in the manner prescXibed by applicable law to <br />Borrower and to the other p�rsons prescribed by applicable law. After the time required by applicable law, <br />Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Proper#y at public auction to the highest bidder at the time and <br />place and under the t�rrns designated in the notice of sal� in one or more parcels and in any order Trustee <br />determines. Trustee may postpon� sale of all or any pare�l of the Property by public annpnncement at the time <br />and place of any previously scheduled sale. Lender or its desi�;nee may purchase the Property at any sale, <br />If the Lender's interest in this Security Instrument is hcld by the Secretary and the Secretary requrrks <br />immediate payment in full under Paragraph 9, the Secrstary may invoke the nonjudi�is�l power of sale <br />provided in the Single Family Mort;��ge �'oreclasure Aet of 1994 ("Act") (12 U.S.C. 3751 et seq,) by requesting <br />a foreclosure commissioner designated under the Act to commencs foreclosure and to sell the Property as <br />provided in the Act. Nothing in the preceding sentence shall deprive th� Secretary of any rights otherwise <br />available ta a Lender under this Paragraph 18 pr s�pplicable law, <br />Upon receipt of Payment of the price bid, Truste� shall deliver to the purehaser Trustee's deed conv�ying <br />the Property, The rccitals in the Trustee's deed shs�ll be prima facie evidencc of the truth of the statements <br />made therein. Trustse shall apply the proceeds of the sale in the following order: (a) to all costs and exp�nses of <br />exercising the power pY sale, and the sale, including th� payment of the Trustee's fees actually incurred, not to <br />exceed . 000 % of the principal amount of the note at the time of the declaration p�' default, <br />and reasonable attorneys' fees as Permitted by law; (b) ta all sums secured by this Security Instrument; und (c) <br />any excess to the person or psrsons legally entitled ta it. <br />19. Reconveyance. Upan payment of all sums secur�d by this Security Iustrument, Lender shall requcst Trustee <br />to recanvey the Property and sha11 surrender this Security Instrument and all noGes evidtncing debt secured by this <br />Security Instrument to Trustee. Truste� shall reconvey the Praperty without warranty and without charg� to the <br />person ar persons legally entitled to it. Such person or persons shall pay any recardatian costs. <br />2Q. Substitute Trustee. L.ender, at its option, may frorn time to time remove Trust�e and appoint a successor <br />trustee to any Trustee appoint�d hereunder by an instrument recordsd in ihe county in which this Security Instrum�nt <br />is recorded. Without conveyance of the Prop�rty, the successor trustee shall succeed to all the title, power and duties <br />conferred upon T�vst�� herein and by applicable law. <br />21, Request for Notic�s. Borrower requssts that copies of the nqtices of default and sale be sent to Barrawer's <br />address which is the Pr�perty Address. <br />22. Riders to this Securit� Instrument. If one or more riders are ex�cuted by T3orrower and recorded together <br />with this Sccurity Tnstrument, the cpv�nants of each such rider shall be incorporated into and shall amend and <br />supplernent thc c�venants and agreements of� this 5ecurity Instrument as if th� rid�r(s) were a part nf Ihis Security <br />Instrument. [Check applicable box(es)J. <br />� Condoininium Ridcr � Growing Equity Rid�r 0 Other [specily] <br />0 Planned Unit D�velopment Rider [] Graduated Payment Rider <br />� 4R�N�) iasotl <br />PeQa 7 or a <br />� �� <br />� <br />
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