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201008936
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Last modified
11/30/2010 4:44:56 PM
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11/30/2010 4:44:56 PM
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DEEDS
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201008936
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2 oloos93c <br />18. Forectosure Procedure. If CJendcr requires immcdiatc payment in full under paragraph 9, Lendcr may <br />invoke the puwer of sale and any other remedies permitted by applicable law. Lender +ha11 be entitled to collect <br />all expenses incurred in pursuing thc remedies under this paragraph 18, including, but not limited to, <br />reasunable attorneys' fee� and costs of title evidence. <br />If the puwer of sale is invulced, ' 1'rustee shall record a notice oT default in e.�ch cuunty in which any part nf <br />the Prnperty is located and sha11 mail cupies of such notice in the manner prescrihed by applicable law tu <br />Borrnwer and to the other persons prescr3hed by applicable law. After the time requircd by applicable law, <br />Trustee shall give public notice of salc tu the persons and in the manner prescribed by applicable laW. Trustee, <br />without demand on Borrower, shall selt thc Property at public auction to the highest bidder at the timc and <br />place and under the terms designated in the notice of sale in nne or more parcels and in any order Trustee <br />dctermines. Trustec may pc►ytpone salc of all ur any parccl oT the Pruperty by puhlic announccment at the time <br />and place nf any prcviously scheduled salc. Lender r►r its designcc may purchase the Property at any salc. <br />If the Lender's interest in this Seeurity Instrument is held by the Secretary and the Scerctary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nc►njudicial power of sule <br />provided in the Single Family Mortgage ForeclusureAct of 1994 ("Act")(12 U.S.C. 3751 et sey.) by requesting <br />a foreclosure commissioner designated under the Act to commence fnreclosure and to scll the Property as <br />provided in the Act. Nothing in the precedinb sentence shall deprive the Secretary of any ri�hts otherwise <br />available tn a Lcnder under this Paragraph 18 or applicable lnw. <br />Upnn receipt of payment of the price hid, 'I'rustee shall deliver tu the purchaser Trustce's deed conveying <br />the Property. The recitnls in the Trustee's deed shall bc prima facie evidence of thc truth uf the stdtements <br />made therein. Trustee �hall apply thc proceeds uf the sale in the fulluwing order: (a) to all costs and expenses of <br />excrcising the powcr uf sale, and the sale, includin�; the payment uf the Trustee's feec actually incurred, not to <br />exceed . 000 °/n of the principal amount of the nnte at the timc of thc declaration uf default, <br />and reasonable attorncys' fees as permitted by law; (h) to all sums sec�red by this Security Tnstrumcnt; and (c) <br />any excess tu the person or persons legally entitled tu it. <br />19. Reeonveyancc. Upon payment n1 all suins securcd by thin Security Instruincnt, Lcndcr shall tequesl Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notcs evidencing debi secured by this <br />Security Instnimcnt to Ttuslee. '1'n�stee shall reconvcy the Ptopetty without warranty and withoul charge to the <br />per��n or persons legally entiticd to it. Such person or person� shall pay any recvrdation coats. <br />20. Substitute Trustee. Lcnder, ai its option, may from liine to time remove 7'rustee and appoint a succcssor <br />tn�titee lo any 1'nistee appointed hercunder by an instriuncnt recpr�led in the county in which thia Security InStruinent <br />is recotded. Without conveyance of the Pr��perty, the succcssor trunlee shall succeed to all the title, puwer and duties <br />confcrre�l upon Trustce berein and by applicahle law. <br />�1. Rcquest fur Notices. Borrowcr reque�ts lhal copics of the notices of default and salc be sent lo Borrower's <br />address which is the Properiy Address_ <br />22. Riders to this Security Instrumcnt. if onc or mate riders arz cxccutcd by F3orrawer and recorded togcthcr <br />with this Security Insttument, thc covenants of each such rider shall be incorporated inl�� and shall amend and <br />supplement the covenanls and agrcetnents of this Security Insttument as if the rider(s) were a patl oF this Security <br />Insttumcnt. �(�heck applicable box(es)�. <br />0 C;ondominium Rider � Cirawin� Eqtiiity Rider C� Other �specify� <br />0 Planned Unit Devcloprnent Rider 0 Citadualed Payment Ridet <br />��-4R�NE) �ssoi� P2ye 7 of 8 in�siais:�� <br />
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