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201106059
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Last modified
9/14/2011 12:34:15 PM
Creation date
8/16/2011 9:37:36 AM
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DEEDS
Inst Number
201106059
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�o�ioso�9 <br />18. Foreclosnre Procednre. If Lender reqnir� immediate payment in fall under paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entltled to collect <br />all ezgenses incnrred 3n pnr�sa�ing the remed�tes nnder this paragraph 18, inclnding, bnt not l�tmit� to, <br />reasonable attomeys' fe� and costs of title evidence. <br />If the power of sale is invoked, Trastee shall record a notice of default in e�ch connty in which any part of <br />the Property is located and shall ma31 copies of such notice �1n the manner prescrib�l by applicable law to <br />Borrower and to tLe other persons prescribed by applicable law. After the ttme reqnir�l by applicable law, <br />Truste�e shall give pnblic nottce of sale to the gersons and in the manner preacribetl by applicable law. Trastee, <br />withont demand on Borrower, shall sell the Property at pnblic anction to the lutghest bidder at the 13me and <br />place and under the terms de�tgnated in the no13ce of sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or anq p�rcel of the Property by pnblic annonnceme� at the time <br />and place of any prev�ously scheduled sale. Lender or its designee may purchase the Property at any �le. <br />If the Lender's �lnterest in thia Secnrity Instrument is held by the Secretary and the Secretary reqnires <br />imme�liate p�yment in fnll nnder Paragraph 9, the Secretary may invoke the nonjndicial power of sale <br />provided 3n the Single Family Mortgage Foreclosare Act of 1994 ("Act'� (12 U.S.C. 3751 et seq.) by reqnesting <br />a forexlosare commissioner designated under the Act to commence foreclosnre and to sell the Property as <br />provided 3n the Ac� Noth9ng in the pre�xdfng sentence shall deprive the Secretary of any rlgh� otherwise <br />available to a Lender nnder t�uls Paragraph 18 or applicable Iaw. <br />Upon receipt of payment of the price bid, Trastee shall deliver to the pnrchaser Trastce's deed eonveying <br />the Property. The recitals �in the Trastee's de� shall be prima fade evidence of the truth of the statements <br />made therein. Trnstee shall apply the proceeds of the sale in the following order: (a) to all costs and eggenses of <br />ezercising the power of salc, and the sale, inclnding the payment of the Trnstee's fees actaally incnrred, not to <br />ezcced 5% of the prindpal amonnt of the note at the time of the decl�ral3on of <br />defaalt, and reasonable attorneys' fees as permitted by law; (b) to all sams secnred by this Secnrity Instrament; <br />and (c) any ezcess to the peraon or persons legally entltled to i� <br />19. Re,conveyance. Upon payment of all sums secured by this Se�urity Instrument, Lender shall re�uest Trust� <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Properiy without warranty and without eharge to the <br />person or persons legally entitle� to i� Such person or persons shall pay any recordation costs. <br />20. Snbstitate Trastee. Lender, at its option, may from time to time remove Trustee and apponrt a s�uxessor <br />trustee to any Trustee appoi�rted here�mder by an instrument r�ordefl in the county in which this Security Instrument <br />is record�. Without cmnveyance of the Property, the successor trustee shall sucxeed to a11 the title, power and duties <br />conferred ugon Trust� herein and by applicable law. <br />21. Reqnest for Notice.w Borrower requestvs that copies of the notices of default and sale be sent to Borrower's <br />address wluch is the Properiy Address. <br />22. Rfders to this Securiity Instramen� If one or more riders are exe,cuted by Borrower and recorded together <br />with this Security Instrument, the covenants of each such rider shell be incorporate� into and shall amend and <br />supplement the covenants and agreements of this Se�uity Inshvment as if the rider(s) were a part of this Security <br />Inshvmen� [Check applicable box(es)]. <br />� Condominium Rider � Ga�owing EquitS' Rider � Other [specif5'] <br />❑ Planx►ed Unit Development Rider ❑ Graduated Payment Rider <br />2200154985 �r�� D V4NNE <br />i�a� <br />VMP C�-4N(NE) loao�l.o� �aB �°� e Z S <br />
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