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201106962
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Last modified
10/9/2011 10:52:25 PM
Creation date
9/21/2011 8:32:23 AM
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DEEDS
Inst Number
201106962
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20�106962 <br />If the power of sale is invoked, Trastee shall record a notice of defanit in each county in which any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />reqnired by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trnstee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />If the Lender's interest in tlus Secnrity Instrament is held by the Secretary and the Secretary requires <br />immediate payment in fnll nnder Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage ForeclosnreAct 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 <br />the Property as provided in the Act Nothing in the preceding sentence shall deprive the Secretary of <br />any rights 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 <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and ezpenses of ezercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred, not to ezceed . 000 % of the principal amonnt of <br />the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; <br />(b) to all sums secnred by this Security Instrument; and (c) any ezcess to the person or persons legally <br />entitled to i� <br />19. Reconveyance.Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Trustee. Tntstee shall reconvey the Property without warranty and <br />without charge to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. <br />20. SubstltUte TI'ustee. Lender, at its option, may from time to time remove Tntstee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instnunent recorded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Properly, the successor trustee shall succeed to all the <br />title, power and duties confened upon Trustee herein and by applicable law. <br />21. Requestfol' Notices. Borrower requests that copies of the notices of defanit and sale be sent to Borrower's <br />address which is the Property Address. <br />22. Ridersto this Security Instrument.If one or more riders are executed by Borrower and recorded <br />together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrument, [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider 0 Graduated Payment Rider <br />FHA Deed of Trust-NE <br />VMP � VMP4R(NE) (1105).00 <br />Wolters Kluwer Financial Servicas Page e of 10 <br />
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