Common use of Acceleration; Power of Sale; Expenses Clause in Contracts

Acceleration; Power of Sale; Expenses. If the Default is not cured on or before the date specified in the notice, Lender may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. As allowed by Section 50(a)(6), Article XVI of the Texas Constitution, Lender will be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 23, including, but not limited to: (i) court costs; (ii)reasonable attorneys’ fees and costs; (iii) property inspection and valuation fees; and (iv) other fees incurred to protect Xxxxxx’s interest in the Property and/or rights under this Security Instrument. The lien evidenced by this Security Instrument may be foreclosed upon only by a court order. Lender may, follow any rules of civil procedure promulgated by the Texas Supreme Court for expedited foreclosure proceedings related to the foreclosure of liens under Section 50(a)(6), Article XVI of the Texas Constitution (“Rules”), as amended from time to time, which are incorporated by reference. The power of sale granted will be exercised pursuant to such Rules, and Xxxxxxxx understands that such power of sale is not a confession of judgment or a power of attorney to confess judgment or to appear for Borrower in a judicial proceeding.