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201103774
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Last modified
10/17/2011 2:20:06 PM
Creation date
5/19/2011 2:51:42 PM
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DEEDS
Inst Number
201103774
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201103774 <br />CASE #: NE3211-3012356703 DOC ID #: 00023461337505011 <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ( "Act ") (12 U.S.C. 3751 et seq.) by <br />requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the <br />Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights <br />otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the <br />Property, The recitals in the Trustee's deed shall he prima facie evidence of the truth of the statements made <br />therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of <br />exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to <br />exceed 5.000 % of the principal amount of the note at the time of the declaration of default, and <br />reasonable attorneys' fees as permitted by taw; (b) to all sums secured by this Security Instrument; and (c) <br />any excess to the person or persons legally entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument arid all notes evidencing debt secured by this <br />Security Instrument to Trustee, Trustee shall reconvey the Property without warranty and without charge to the <br />person or persons legally entitled to it. Such person or persons shall pay any recordation costs. <br />20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee arid appoint a successor trustee to <br />any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is <br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address <br />which is the Property Address, <br />22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this <br />Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the <br />covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. <br />[Check applicable box(es)]. <br />❑ Condominium Rider ❑ Growing Equity Rider <br />❑ Planned Unit Development Rider ❑ Graduated Payment Rider <br />❑ Other [specify] <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instrument and in any <br />rider(s) executed by Borrower and recorded with it, <br />t y 11 <br />(Seal) <br />�-"ENDA RODOCRFR- - Borrower <br />ice✓ ` '`�� . °- (Seal) <br />VICK L. RODCCI ._R - Borrower <br />_ (Seal) <br />- Borrower <br />_ (Seal) <br />Borrower <br />MERS FHA Deed of Trust -NE <br />1004M -NE (09110) Page 8 of 9 <br />
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