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201104783
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Last modified
6/28/2011 10:01:29 AM
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6/28/2011 10:01:29 AM
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DEEDS
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201104783
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20�10475� <br />18e Foreclosare Procedure� If Lender reqnires immed�late payment in fall under paragraph 9, Lender may <br />�invoke the power of s�le and any other remedies permitt� by apglicable law. Lender sLall be entitleai to coIIect <br />all ezpense� incarred 3n pnrsaing the remedies nnder thfs paragraph 18, inclnding, bnt not limited to, <br />reasonable attorneys° fces and cost� of title evidence. <br />If the power of s�le �is invoked, Trastee sl�all record a notfce of defanit in each county �in which any part of <br />the Properiy is located and shall ma91 copies of such notice �in the manner prescrib� by applicable law to <br />Borrower and to the otlaer persons prescribed by applicable law. After the tlme requir� by applfcable law, <br />Trastec shall give pnblic noHce of sale to the persons and fn the manner prescribed by applicable law. Trastee, <br />wlthont demand on Borrower, sLall sell the Property at pnblic anc�ton to the highest bidder at the dme and <br />place and under the terma desfgnated in the notice of eale in one or more parcels and in any order Trastee <br />determin�. Traste� may postpone sale of all or any parcel of the Property by public annonncement at the time <br />and place of any previonsly acheduled sale. Lender or fts desfgn� may pnrcLase the Property at any sale. <br />If the Lender' a interest in this Secarity Instrament is held by the 5�retary and the Secretary requira <br />immediate payment in fnll �der P�ragr�ph 9, the Secretary may invoke the nonjndidal power of sale <br />provided in the Single Family Mortgage Foreclosnre Act of 1994 ("Act'� (12 U.S.C. 3751 d seq.) by reqnestlng <br />a foreclosare commissioner des�ignated under the Act to commence foreclosnre and to sell the Property as <br />provided in the Ac� Nothing in the preceding sentence ahall deprive the 5ecretary of any r1gh� otherwpse <br />available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the grice bid, Trnstee shall del�ver to the pnrchaser Trastee's dced conveying <br />the Property. The redtals �in the Trustee's dced shall be prima fade evidence of the trath of the statements <br />made therein. Trustee shall apply the proceeds of the sale 3n the following order: (a) to all costs and egpenses of <br />ezercis�ing the power of sal� and the sale, �incinding the payment of the Trastee's fces actaally �incnrred, not to <br />egcced 5% of the pi3ndpal amonnt of the note at the time of the declaration of <br />defanit, �nd re,asonable attorneys' fces as permitted by law; (b) to all sams secnred by tluts Security Instrament; <br />and (c) any ezcess to the peraon or persons legally entitled to it <br />19. Reconveyancee UP� PaYment of all sums �ed by this Security Instrument, Lender svatt request Trnste� <br />to reconvey the Properiy and sha11 suaender this Security Insirument and all notes evidencing debt secnred by this <br />Security Insbnmaent to Trust�. Trustee ahall x�econvey the Proparty without warranty and without charge to the <br />Person or Pec'sons legallY errtitled to it Such p�son or petsons shall pay any recordarion costs. <br />20. 5nbsdtnte Trastee. Lender, at its option, may from time to time resnova Trustee aad appoint a suc�sor <br />tivstee to any Truste,e appoirnefl hereunder by an inslrume�t recorded in the county in which this Security I�str�nt <br />is recorded. Without conveyance of the ProPeriY, the successor trustee sball suc�eed to all the title, power and duties <br />conferred upon Trust� herein aad by applicable law. <br />21. Reqnest for Not3ces. Borrower requests that copies of the notices of default m�d sale be sent to Boaower's <br />address wluch is the Properiy Address. <br />22. Riders to this Securlty Instramen� If one or more riders are exe�uted by Boxrower and recorded together' <br />with this Security �nstnnment, the covenants of each such rider shall b� incoiporated into and shall am�nd and <br />supplement the covenants and agreements of this Security Instcument as if the rider(s) wete a part of this Sec�rity <br />TnQt,,,,,,en [Check applicable box(es)]. <br />❑ Condominium Rider � G�owing Equit3' Rider 0 Other [sP�Y� <br />0 Plann� Unit Development Rider � Graduated Payment Rider <br />2200140217 �� �' D V4NNE <br />��1 <br />VMP�-4N(N� toao�).o� Peae � � e <br />
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