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201009338
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Last modified
12/15/2010 3:02:54 PM
Creation date
12/15/2010 3:02:52 PM
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DEEDS
Inst Number
201009338
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20100933$ <br />Y8. Fot�er]o�ure Prooedure. If Lender req,uircg immediate payment In t�ll under paragraph 9, Lender may <br />invoke the powcr of sale aud aay ather rcmedies permitted by applicable law. I.end� �hall be entltled to collect. <br />all expenses incurred in pursutng the remetlies under this paragraph 18, inc�luding, but not limited to, <br />reasonable attorneys' fces and oosts of dtle eviclence. <br />If the power of sale is invoked,l�ustee shall record a potice oi defaWt in each anunty in which any part af <br />the Property is lacated and shall mail copies of such nodce in the manner prescribe�l hy applicable law to <br />Borrower�and �o the othc� persons pre�c�ribed by applicable law. After the tlme required by applicable law, <br />Trustee shall give pnbHc notice of sale to the persons and in the �uanner prescrlbed by appl�cable law. Trustee, <br />without deanand on Borrower� shall se11 the Property at publlc auction to the lilghest bidder at the time and <br />place and undrr thc tc�nns drslgnated in the notice of sale in one or more parcels and in any order Trustee <br />determiues. Tr�tee may pogtpdne �ale of all or any percel ot the P'rnperty by public announcement at thc time <br />and plaee of any previously scheduled sale. Lender or its designee ms�y putrhase the Pruperty at any sale. <br />If the Leader's iaterest in thi� Security Instrument ls held by the Secretary and the Secretairy requires <br />imme�liate payinent in t'ull under Faragraph 9, the Secretary may invoke the noqjudiclal powex of sale <br />provided in the Single Family Mortgage Fareclo�w�e Act of 1994 ("Ad") (12 U.S.C. 3751 et seq.) by requesting <br />a foreclosure oommissione�r desiga�ated under the Act to oommence fareclasure and to sell the Property as <br />provided in t1�e Ad. Nothing in the preoeding sent�ce shall deprlve the Secretary af any rights otl�erwise <br />available to a Lendcr under thig Paragraph 1$ or applieable law. <br />Upou rece�pt of paymcat af the price btd, 'h�ustee shall deliver to the purchaser 1tu�ctee's deecl conveying <br />the Property. The recitals in the Trustee's deed shalt bc prima fade evidence ai the truth of the statements <br />made tl�r�n. �rustee �hall apply the prnoeecls oi the sale in the following order: (a) to all c�sts and ex�enses of <br />earercising the power o[ sale, and the �ale, including the payment of tite Tn�stce'� fces actually incurred, not to <br />exc�ecl 0. 000 96 of the priudpal amaunt o[ the natc at the tinte of the declaradan oi default, <br />and x�eagonable attorneys' fees ae per�nikted by law; (b) to all swns secur�d by this Security Instrument; and (c) <br />any e.xcess to the person or persona le�ally entitled to it. <br />19. Reaonvcyance. Upon payment of all swms se�uerd by this Se�uriry Instivment, Lender shall r�quest Trustee <br />to recanvey the Properry and sb�a11 surrender this S�urity Instx�ne�nt and all notes svidencing debt s�ured by this <br />Security Tnswment to Trustee. Tivstee shall reconvey the Property without warranty and without charge W the <br />person or persons legally entitled to it. 5uch parson ox persons shall pay any recordation costs. <br />20. Su�tltute Z�ustee. Lender, at its option, may from time to tixne remove Trustee and appoint a successor <br />trustce tn any Trustee appoiat�l her�der by an instrument recorded in the county in wt�ich this Security Instrument <br />ia recarded. Without canveyance of tl� I'roperty, the succcssor t�ustee s�all succeed to all the ritle, power and duties <br />conferred upon Trustee herein and by applicabla law. <br />21. Requ�t #or Nodces. Barrawer rcquests that copies oP thc notices of default aad sale be sent to Borrower's <br />address which is the Pmperty Address. <br />22. Rid�s W this Securlty Ynstrument. If one or more riders are executed by Borrawer and recorded together <br />with this Security Insnvment, the cavenants af each suct► rider shall be incorporated inw an.d shall amend and <br />supplement the covenants aud agmements of this Security Instrument as if the rider(s) were a part of this Security <br />Ins t. [Check applicable box(es)]. <br />�Condominiwn Rider ❑ C�rowin8 EquitY Ridea ❑ �ther [sPecifYl <br />� Plaaned Unit DevelopYnent Rider � Graduated Payment Rider <br />FHA OMd ot Trwt�NE <br />VMP � <br />Wdnrs KWwv FNw�cIM &�rvir,N <br />VMP4p(NE) 108 98 <br />Paqa 7 of B <br />
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