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201009472
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Last modified
1/11/2011 2:33:26 PM
Creation date
12/20/2010 3:01:49 PM
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DEEDS
Inst Number
201009472
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2010094�2 <br />18. ForecIosurc Procedura. IY Lcnder rec�uires immediate payment in full under p�.ragr�ph 9, T.endex may <br />invoke the powar oP sale an�i any other rem�ciies permitted by applfcable law. Lendcr Shall be e�titled tt► ct�llect <br />u11 expet�ses incurred in pucsuing the remed�es under this para�rapk� 18, Includin�, 1�ot nat limited tn, <br />reasonabie uttaracys' Fe�es and casts of titie e�nidenoe. <br />If t1�c pvwer af s�le ts tnvoks�i, 'I�rustee shall record a no�ce af default in each caunty in which uny part of <br />the Property fs located ar�d shall mail nopies of suc� noticc in t�e manner prescrfbed by applicable Iaw tv <br />Bor�rowcr anci to tha other pet�suns p�crlbed by �pplicable law. Afber the time reguiired by applfcuble law� <br />Ttuste� shall glrc pubItc not.ice oP sals to the persons and in the ms�nt�cr p�ribed by appiicable lytw. "f7rustee� <br />without demand on Barrower, shall sell th� Property at public auctfon to the highest biddcr at the time and <br />plat�e and under the terms designated �n the notice af sale in one ar mnre �rarcels az�d in any orc�er Tru�tce <br />det.ermfnc�. Trastee cnay postpone sale a� �li v� any parcel of the Prupe.rt� b� publie a�oa�ent at the time <br />and plaon o[ any previo►�ly achaduleil sale. L�ndcr or [is designee may purchase the �'r�aperty at swy sale. <br />If the L,endcr's intere�t in �!t(s Security Itugtrut�tent t� lield by the 5`ecretary a�nd the 8ecretary requires <br />immect�ate payment in full under Paragraph 9, the Srcretary may invoke th¢ nanjudicaal power of salc <br />provided in the Single Faax►ily Mortgage E�areclosur� Act oP 199�t ("A�ct") (12 U.S.C. 3751 et seq.) by requesting <br />a foreclosure com.nnissiorier designated under the Act to cammenos �oc•e�losure and tu s�Il the Property as <br />pravided in the Act. NothYng in th� preccding sentez►ce ghail deprive the 5e�retary of any rights otherwfse <br />available ta a I.endar ander this Paragraph 18 or appticable law. <br />Upon recefpt o� payment of the prtce bid, Truste� sh�ll deliver tu the purchaser Trustee's decd convcying <br />the �ro�ty. The recital� in the 'I�u�tee's deed shall kae pr�ma �ACie evEdence af the trutla v� t�e stateann.ent:s <br />�n.ade thercin. 'Nustee shaNl apply the proceeds of the sule in the Poilawing ord�r: (a) tv all costs anid expen�es of <br />�xercising the pawer of sale� and the sal� including th�e paymeat ot the Trustc�'s �ees �ctually lncurred, not to <br />execed 0.000 9b af tha p��incdpal arnount af the uate a� the time of tb,e declaration o� <br />de€'ault, und re�►sonable attorney�' fees as perm[tt�ed by law: (b) to all sams scxurcd by th� �ecurity Instrument; <br />an� (c) any exaess tn the pe��o� or per�on� legally entitl� to it. <br />19. Reconveyance. Upon payment of a�l sums seaira� b�+ this Security Instrume,nt, J.,ender sha11 request Trustee <br />W reconvey the ProperCy and sha!]. surrer�der Chis Security Instrtxment a�d all notes evidencing debt securod by this <br />Security Instrument to Trustee, Tiruste� ahall ceconvay the Property �viChout waa'ranty artd without charge to tl�e <br />person or persons legally entitled to i� Such person ar p�rsons shall pay any recordation oosts. <br />Zp. Subst�tu�pse 'Ikustee� Lender, at its aption, may from tfine to I:ime rerrwve Truistc� ancl appoint a succes.sar <br />trUStse to any Trustee appainted hereur�der by an instrum�nt rc�orded in the vounty in whieh this Security Instrarnent <br />is rc�orded. Without conveyance of the Property, the suc�cessor truatee shall succ�ed ta all the title, power and duties <br />conf�red upon Trustee herrain and by a�licabl� law. <br />21.. Requcst for Nottces. Borrower r�quests that copies of the aodcea of default and sale be senC to Barrawer's <br />addcess which is th$ �'roperty Address. <br />22, Ridcrs to this Security InstrumenG If pne pr rnare ridar� are executed by Borrower and re�arded together <br />with this Security InstrumenC, the cvvenants of �ach such rider shall be incorparated into and shall amei�d and <br />supplen�ene the covenants and agreeme�,ts of this Security Instrumrmt as if the rider(e) were a parC nf this Security <br />Inscrurr�nt. [Checic applicable box(es)J. <br />Gondominium Ftider � Geowing Equit� Rider � Other [speaifyJ <br />Planned Urut Developmea�t Rider ❑ Graduated Pay�►eatt Rider <br />8600880Q84 �088b084 <br />�nM��l�, ��. <br />VM P�-dN(Aiq io�or�,aa aeg� r or a <br />
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