Laserfiche WebLink
zo��o�i2� <br />18. Foreclosure Proc�lnre. If Lender reqwtres immediate payment in fnll nnder paragraph 9, Lender may <br />�tuvoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect <br />all egpenses �tncnrred in pnrsaing the remedies nnder this para�ph 18, 3nclnding, but not limited to, <br />re.�sonable attorneys fces and costs of tide evidence. <br />If the power of sale is �invoked, Trastee shall record a notice of defanit �in each connty in which any part oi <br />the Property is located and shall ma31 copies of snch notice in the m�nner prescribed by apglicable law to <br />Borrower and to the other persons prescribed by apglicable law. After the time reqnim� by applicable l�w, <br />Trustee shall gtve pnblic notice of sale to the persons and �in the manner prescrlbed by applicable law. Trast�, <br />withont demand on Borrower, shall sell the Property at pnblic anction to the highest bidder at the 13me and <br />place �nd nnder the terms designated in the notice of eale �in one or more parcels and in any order Trast� <br />determines. Trastee may postpone sale of all or any parcel of the Property by pnblic annonncement at the time <br />and place of any prev�tously sch�lnl� sale. Lender or its designee may purchase the Property at any s�le. <br />If the Lender's �tnterest in this 5ecnriity Instrament is held by the Secretary and the Secretary r�uires <br />3mm�iate payment in fnll nnder Paragraph 9, the Secretary may �1nvoke the nonjudicial power of sale <br />providexi �in the S�ingle F�mily Mortgage Foreclosnre Act of 1994 ("Act', (12 U.S.C. 3751 et seq.) by reqnest�ing <br />a foreclosnre commissioner designated under the Act to commence foreclosnre and to sell the Property as <br />prnvided in the Ac� Nothing �tn the preceding sentence shall deprive the Secretary of any r?ghts otherwlse <br />available to a Lender nnder this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trastee shall deliver to the purchaser Trastee's deeai cunvey�ing <br />the Property. The recitals in the Trastee's deed shall be pr3ma facie evidence of tLe trath of the statements <br />made therein. Trastee ahall apply the proceeds of the sale in the followiing order: (a) to all costs and ezpenses of <br />ezerdsing the power of sale, and the sa1e, 3nclnding the payment of the Trastee's fees actually incurred, not to <br />egceed 5% of the prindpal amount of the note at the �Sme of the declaration of <br />defanit, and reasonable attorneys' fees as permittexl by law; (b) to all sums secnred by this Secnrity Instrument; <br />and (c) any ezcess to the person or persons legally enl3tled to it <br />19. Reconveyance. Ugon payment of all sums se,cured by this Security Inslrument, I-ender shall reiNest Trust� <br />to r�onvey the Property and shall surrender this Security Instrument and a11 notes evidencing debt secured by this <br />Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without chazge to the <br />person or persons legally entitled to i� Such person or persons shall pay any re�ordation costs. <br />20. Snbsl3tnte Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />truste.e to any Trustee appointed hereunder by an instrument re�ordefl in the county in which tlus Security Instrument <br />is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and ci�rties <br />conferred upon Trustee herein and by applicable law. <br />21. Reqnest for NoHces. Borrower requests that copies of the notices of default and sale be sent to Borrowar's <br />address wluch is the Property Address. <br />22. Riders to this Sccnrity Instramen� If one or more riders are executed by Boirower and recorded together <br />with this Security Instrument, the covenants of each such rider shall be incorporate� into and shall amend and <br />supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security <br />insbniment. [Check applicable box(es)]. <br />0 Condominium Rider � Crowing Equit3' Rider 0 Other Lsp�ifYl <br />� Planned Unit Development Rider 0 Ga�aduated Payment Rider <br />2200154009 D �4NNE <br />i�a�. — <br />VMP�-4N(NF� �oao��.o� �• � � s <br />t�/\ ' e <br />