201109065 - Laserfiche WebLink

Browse

201109065 If the power of sale is invoked, Trustee shall r�ord a notice of default in each county in wluch any part of the Property is lacated and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time requir� by applicable law, 1Yustee shall give public notice of sale to the persons and in the manner prescrib� by applicable law.l�vstee, without demaad on Borrower, shall sell the Property at public auction to the tughest bidder at the time and place and under the terms designated in the notice of sale jn one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any greviously schedul� sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this 5ecurity Instrument is held by the 5�retary and the Secretary requires immediste gayment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provid�l in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a for�losure comm�ssioner designated under the Act to commence foreclosure and to sell the Property as prnvided in the Act. Nothing in the preceding sentence shall deprive the S�retary of any rights otherwise available �o � Lender under this Paragraph 18 or applicable law. Upon receigt o� payment of the price bid, �vstee sflait deli�ep to tlie gurchaser Trustee's deed conveying the Pt�perty. The r�itaLs in the Trustee's dced sha� be grima f�ie evidence of the iruth of the statements made thereue. Tc�,stee shall apply the proceeds af the sale in the faHowing order: (a) to a�l costs and expeuses of ezercising the pow�e� of sale, and t6e sate, inel�ding the payment of the �'rustce's feas actwally incurred aud reasonabpe attorneys' fees �c per�itt�d by Applicable Law; (b) to all su�s secured by this See�ri�y �me�tt; and (c) any exees� ta t�e person or persoas Iegaily entitt�i to �E. 19. Reconveyance. Ugon payment af aII sum.s s�ured by this Security Instniment, Lender shall request Trustee to reconvey the Froperty and shall surrender this Security l'nstr�ment and all notes evidencing debt secure� by this Security Ins�nt to Trust�. Trust� shall r�nvey the Property without wazranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Subsfitute Trustee. Lender, at its oprion, may from time to time remove Trust� and appoint a succe.ssor trust� to any Truste�e appointed hereunder by an instrument re,corded ia the county in which this Security Instrument is re.corde.ci. Without cQnveyance of the Property, the �or truste,e sha11 succe,ed to all the title, power and duties confene� upon Trustee herein and by applicable law. 27. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. (Ch�k applicable box(es)]. 0 Condominium Rider 0 Growing Equity Rider � Other [specify] 0 Planned Unit Development Rider � Graduated Payment Rider N I F A F o r m E-1 FHA Deed of Trust-NE 4/98 VMP � VMP4R(NE) (1109) Wolters Kluwer F(nancial Services Page 8 of 10 . .. uN . : N,. �.