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201107562
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Last modified
10/14/2011 9:32:59 AM
Creation date
10/12/2011 8:35:03 AM
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DEEDS
Inst Number
201107562
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�oiio�5s2 <br />If the power of sale is invoked, Trustee shall record a notice of default 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 />required 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 />fn one or more parcels and in any order Trustee 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 this Security Instrument is held by the Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act 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 5ecretary of <br />any rights atherwise 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 expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred, not to ezceed 5. 000 %of the principal amount 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 secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />19. ReCOnveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Properly and shall sunender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Trustee. Trustee 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. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrurnent recorded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the <br />title, power and duties conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Properly Address. <br />22 Riders to 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 0 Growing Equity Rider 0 Other [specify] <br />0 Planned Unit Development Rider 0 Graduated Payment Rider <br />0451105892 <br />FHA Deed of Trust-NE 4/96 <br />VMP � VMP4R(N� (1105) <br />Wolters Kluwer Financial Services Page 6 of 10 <br />
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