Laserfiche WebLink
. 98— ic��zs9s <br /> r� <br /> 98 ��o <br /> 18. Foreclosure Procedure. If Lender requires immediate payment m full under paragraph 9, Lender may <br /> invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect <br /> all expenses incurred in pursuing the remedies under this paragraph 18,including,but not limited to,reasonable <br /> attorneys' fees and costs of title evidence. <br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which any part of <br /> the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br /> Borrower and to the other persons prescribed by applicable law. After the time required by appGcable law, <br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br /> without demand on BQrrower,shall sell the�Property at pubGc auction to the highest bidder at the time and place <br /> and under the terms desigdated in�tfie notice ofsale id one or more parcels and in any order Trustee determines. <br /> ..._ .. <br /> Trustee may postpone sale of al[or any parcel of t6e�Property by public announcement at the time and place of <br /> any previously sc6eduled sale.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 provided <br /> in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a <br /> foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as <br /> provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise <br /> 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 conveying <br /> the Property.The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made <br /> therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of <br /> exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to <br /> exceed 3.0 0 0 % of the principal amount of the note at the time of the declaration of default, <br /> and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) <br /> any excess to the person or persons legally entitled to it. <br /> 19.Reconveyance.Upon payment of all sums secured by this Security Instrument,Lender shall request Trustee to <br /> reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br /> Instrument to Trus[ee. Trustee shall reconvey the Properly without wartanty and without charge to the person or persons <br /> legally entitled to it.Such person or persons shall pay any recordadon costs. <br /> 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br /> wstee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is <br /> recorded. Without conveyance of the Property, the successor wstee shall succeed to all the tide, power and duties <br /> 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 Bonower's <br /> address which is the Property Address. <br /> 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together <br /> with this Security Inswment, the covenants of each such rider shall be incorporated 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 /> Inswment. [Check applicable box(es)]. <br /> ❑ Condominium Rider � Growing Equity Rider xx� Other[specify] <br /> � Planned Unit Development Rider � Graduated Payment Rider Mortgage Addendum <br /> ��4R(NE)�esoa�.oi Page�ol 8 <br /> . InN���p:� <br /> tt r' ., <br /> ,'..#. , .�,.i <br /> � � � <br /> �a. �� : ` ' <br />