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201104000
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Last modified
9/14/2011 12:18:10 PM
Creation date
5/31/2011 2:40:07 PM
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DEEDS
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201104000
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2011a4004 <br />18. Foreclosure Procednre. �f Lender requires immediate payment in full uader paragraph 9, Lender map <br />invoke the power of sale aud any other remedies permitEed by apgLtcable law. Lender shall be entitled to collect <br />all eapenses incnrrad in pwracYing the remedies wnder thfs paragraph 18, iucluding, bnt not limited to, <br />° reasonable attorneys' fees and cosls of title ev�tdence. <br />If the power of sale ia invokerl, Truatee shall record a nobtce o�' default in e�ch connty in wt�ich any part of <br />the Property is located and shali mail eopxes of auch notice iu tlee mtanner prescribed by applicable law to <br />Borrower and to the �ther persons prc�cribed by applicable law. After the time reqmred by apglicable law, <br />Trustee shall give pnbIic nol3ce of sale to the persons and ia the mannex prescn'bed by agglic�ble law, Trastee, <br />withput demand on Bartawer, ahaIl aell t,he Property at gnbIie anction to the Iugbeat bicdder at the time aad <br />place and under the terms deeignated in the notice of sale in one or more parcele and in any order Trastee <br />determines. Trnstse maq postpone sale of alt or any parcel of the Property by public annoancewnent at �Tie titme <br />and place of suy greviausly scheduled sale. Lender or its designee may pnrchase the Property at any sale. <br />If the Lender's interest in this Searri�y Instrument is held by the Secref�ry and the Si�cretary reqaires <br />= immeditate payment in full nnder Paragraph 9, the Secretary may in�oke the nonjndicial power of sale <br />provlded iun the SingIe Family Mortgage ForectosureAct of I994 ("Act")(12 U.S.C. 3751 et seq.) by reqaesting <br />a fureclosure comimissfoner desigaated nnder the Act to comrmemce fareclasure and to seti the Properly as <br />provided in the Act Notl�ing in th,e preceding sentence ahall deprive the Secretary of any right� atherwise <br />awa9lable to a Lender under th�ia Paragraph 18 ar applicable Iaw. <br />Upon receipt of payment of the �irice bid, Traetee shalt deDiver to the purctiaser Trustee's deed coa$eying <br />the Property. The xecftals in the Trustee's deed ahall be prima �acie evidence of tlxe trat� of the sf�atemenfs <br />made therein. Trustee ahatl appiy the proceeds of t�ie sale in the follov�ing order: (a) to ail casts and egpenses of <br />— e$ercising tlYe pawer af sale, and the sale, including the payment af the Trnstee°a fees actually incurred, nat to <br />— esceed . 000 % of the princapal amount of the note at tite time of the declarati�on of de�anIt, <br />and reasonable attocneys' fees as permitted by law; (b) i:o aIl snms secured 6y this Security Inahvment; and (c) <br />anq excess to the person or persons legally enfitled to it <br />19. Reeonveyance. Upon payment of all sums secured by this S�urity Inetruiaeat, Lender shall rec�ueat Tzustee <br />to reconvey the Property and shall sunender this Secmtity Insttvment aud alI no#ss evidencing debt se�ured by this <br />Secvsity Instrument to Tzustee. Trustee shall recoavey the Propezt}r wi.tthaut �vvar�anty and without chazge to the <br />person or persons legally entit�ed to it. Such person or persons shall pay any recorda.tion costs. <br />= 20. Substftute Trastee. Lender, at its option, may from time to t'vme x�emoee Truste� and appoini a sucaessor <br />= t7rrustte.e to aay Trnstee agpoiated hexeuader by an iastrument recoxded in, the conmiy ia wbich ttus S�u�iiy Insizument <br />is recozded. Without conveyaace of tbie Properiy, the successar ttvstee shall succeed to all t�e title, powar and dvties <br />confexred upon Trustee herein and by applicable law. <br />21. Reqnest for Notices. Boxzowez requests that copiea of the nofioes of default and sale be sant to Boaower's <br />address whieh ia the Froperty Addtess, <br />____ 22. Ridere to tiva Secwrity Tiastarumenfi. Zf one or more riders are ex�uted by Bozcowez and recorded together <br />— with tLus Security Instcv.ment, th.e covenants of eaoh such rider shall be incorporated 'uato and shall amend and <br />supplement the covenaats and agreezn.cnts o� this Secmity Insir�ent �,s if the rider(s} weze a part of this Sec�ity <br />ent. [Ch�k applicable boxtes}]. <br />Condomiiwium Rider Growing Equity Rider ❑ Ofher [sP��3'� <br />Planaed Unit Development Rider � Graduated Paymeat Rider <br />-- �}�1(N� {98Ci j Page 7 of e I�+t4laF�� F'— <br />
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