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HomeMy WebLinkAbout910789N-JUL-05 11:4~AM FROM- T-504 P.015/074 F-OT3 C00869 Afar Recording Remm To: Decision One Mortgage Company, LL/2 6060 $.A. Sones Drive, $~ite Charlotte, North Carolina 28287 RECEIVED 8/10/2005 at 10:50 AM RECEIVING # 910789 BOOK: 593 PAGE: 869 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Above This Line For Recording Dam] -- Loan Number 2100050787500 MINe 100077910004287088 MORTGAGE DEPlNITIONS Words used in multiple sections of thi.s doeumen! are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section (A) "Security Instrument', a'~ans this docu_.r~...~lt, which is dared JI.I'LY 29, 200S. together with all l~iders to Ms document. (B) '~orrower" is RHER1ZI L MCCLINTOCK, A SINGLE WOMAN. Borrower is the moagagor under riffs Security IIISHIHZ~n£o (C) "MEI~" is Mortgage l~lecu'onic Registration Syat~, Inc. MF~S is a ~cparate c. orporadon tha~ is acing soldy as a nomt,e~ for Lender and Lender's ~'uccessors and assigns. MEP, S is the mortgagee under this Security Iastrument. MERS is org--?';ed and exlsdng ~mder the laws of Delaware, and has a~ adders and telephone nnmher of P.O. Box 2O2~, Flim. MI 48~D1-2026, tel. (888)679-M~S. (D) "Lender" is Decision One Mortgage Company, LLC. L~der is a LIMITED LIABILITY COMPANY organized and existing under the laws of NORTH CAROLINA. Lender's address i~ 60(d} J.A..I'ONE$ DtLIVE, SUITE CHARLOTTE, NORTH CAROLINA 28287. (E) "Note" mea~ the promiszory uote signed by Borrower and datvd JULY 29, 2005. The Nora s~ar~s ~haz Borrower owes lender SEVENTY-SIX THOUSAND EIGHT HUNDKED AND 00/100tbs Dollars (U,S.$76,800.00) plus inmr~s~. Borrower has promised zo pay Ii, is debt in regular Periodic Payments and to pay the debt in full no~ later than .I~UGtI~I' 1, 2035. (F) "Property" m~ans thc property thor is dcscribe~ below under ~he heading "Transfer of Righr~ ia th: Property." (G) '%oan" ~ the deb~ ~id~ced by thc No~¢, plus interest, any pr~ayzn~nt charges and lale charges due under the Note, and all sums due under this Security InsLm .~-m, plus (H) "Riders" means all Riders m this Security Insm~men! that art executed by Borrower. Thc following Rider~ are m be executed by BorrOwer [check box az applicable]: I~ Adjustable Rare Rider [] Condominium Rider [] Second Hon~ Pdder ~ Balloon Aider ~ Plann~d Unit Development l~ider [] Oth~.r(s) [specify] ~ 1-4 Psm!!y Rider V]Biweckly Pa~qnent Pdder Form (D "Applimble Law" m~ ~1 comro~g npplicable f~er~, ~to ~d loc~ statutes, reg~afions, ord~ ~d ad~suatiw ~les ~d orders (~at have ~e cff~t of law) as well as El applic~le fmC, non-appealable judiaiE opinions. (,D "Co~u~ty Association Du~, ~sed on ~rrower or the ~ope~ by a condo~ium asociafion, hom~e~ asociation or si~l~ org~ation. ~) "~ewo~e Funds Tra~fer" ~s ~y ~fet of f~, other ~ al~action originated by check, ~, or si~l~ pap~ ins~ment, which is initiated t~ough ~ eleetranle te~n~, telephonic ins~ment, eo~umr, or magnetic tape so ~ to order, i~tmct, or auflmriz~ a 6nanei~ ~sfimtion to debit or ~Mit ~ a~o~t. ~o~ ~ include, but is not l~ted to. po~t-af-s~a ~sfa~, amo~ted tailor ~e ~fions. tr~sfem i~fiated by tel~ho~, wire tr~fers, ~d au~mated ele~ghouse ~fers. ~) "~ow Ita~" means &ose ite~ ~g ge d~cfib~ in Section 3. (o~or Prope~; (ii) conde~ation or acer t~g of ~1 or ~y p~ of &a Pmpe~; (iii) eonvey~ee ~ lieu of condonation; or (iv) ~epresenmtions of, or a~ssiom ~ to, ~ vaue ~or ~ndiflon of ~e ~ope~. ~ "Me,gage ~suranca" ~ inm~ee prot~t~g ~der agent ~, nonpa~nt of, or defa~l on, ~e ~. (O) ~erio~e Pa~ent" ~ ~ re~igly a~fl~ ~o~t due for (i) p~cipa ~d ~t~r~ under ~e No~, plus (fl) ~y ~o~t5 under ~ion 3 of ~ Seeufi~ ~m~nt. ~ "~$PA" me~s ~e R~ ~tate Se~a~I ~edures Act (12 U.S.C. ~ 2~1 ~ seq.) ~d its ~pl~t~g regulation, Regfl~on X (24 C.F.R. Pm 3500), ~ ~ey ~ght bo ~end~ t~om timo to d~, or ~y ad~fio~ or successor leg~lafion or teg~a/ion that gove~ ~e s~e subj~t ~r. As used ~ ~s ~fi~ ~ent, '~SPA~ refe~ to ~ r~ui~m~ts ad r~tficfio~ ~t ~e i~os~ ~ regad ~ a 'feder~ly relge~ mangle lo~" even if ~e Lo~ do~ not qugi~ a a "fe~y related ~ngage lo~~ ~der ~SPA. (~ "Succor ~ ~ter~ of Bo~ow~" m~ ~y pray ant ha t~en fide to ~e Property, whe~er or not ~at pray has ~sum~ ~ow~'s obligatiom ~fler ~e Note ~d/or ~ ~c~i~ ~t. T~NS~R OF ~GHTS IN ~is Sec~i~ ~tmment s~ures Note; p~ose, Borrower do~ hereby mo~gago, ~t ~d ~nvey to ~ (solely a nominee for Mndet ~ ~dor's su~so~ ~d ~sig~) Co~t~ of ~COLN : ~yge of Record~g J~is~cflon] [N~ of Rear, ag JUfiSfli~ion] SEE A~AC~D SC~D~E which currently has the address of 214 EAST 5TH AVENUE AI~£ON , Wyom/ng 83110 [City] [Zip Cod,] [~treet] ("Proper~y Address'): WYOMING-Single Namily-Fanaie Mae/Freddie Mac UNIFORM INSTRUMENT l~arm 3051 1701 I~age 2 of l.l page$) TOGETHER WITH all thc improvemems now or hereafter erected on the PrOl~y, and all easement~, appurtenauces, and fixtur~ now or hereat'ter a pan of the property. All replacements and additions sh~ll also be covered by this security Instrument. All of the foregoing is referred to in this Security hstrumem as the "Property." Borrower under, mods and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Ius£rument, hut, if necessary to comply with law or custom, MEI~$ (as nominee for Leader and Lender's successox~ and assign) has thc rJgltt: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security l~stmment. BORROWER COVENANTS that Borrower is lawfully soised of the estate hereby conveyed and has the right to mortgage, grant and convey die Property and tha~ thc Property is unencumbered, except for encumbrances of r~cord. ]~onrower warrant~ and will defend generally the fide to the Prnpe~y against all claims and demands, subject to any encumbrances of record. THIS $I~CURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree ~ follows: I. Paym~t of Principal, Interest~ l~.scr~w Items, Prepayment Chm'ges, anti Late Charges. Borrower shall pay when due the principal of. and interest on, the debt evidenced by the Note and any prepayment charges and lath charges due under the Note. Borrow,,.r shall also pay funds for F. serow Items pursuant to ~ction 3, Payments due under the Note and this Security hstrument shall be made in U.S. currency. However, if any check or other Lu~u'ument received by Lender as payment under the Note or this Security Instrument is rammed to Lender unpaid, Lender may ~cquire that any or all subsequent paymem~ duc under the Note and this Security Inatnn'nent be made in one or more of ~e following forms, as selected b~ Lender: (a) cash; (b) money order; (c) certified check, bmk check, treasurer's check or caski~r's check, provided any such check is tkawn upon an institution who~e deposits are insured by a federal agency, insm~re~-ntality, or entity; or (d) Elecuronle Funds Transfer. Payments are deemed re~ived by Lender when received ~ the location designated in thc Note or at such other loe~on as may be designated by L~nder in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or pard~ payments are insutticient to bring the Loan current. Lender may ~ccept any payment or partial payment insufficient to bring the Iaaa Current, without waiver of any rights hereunder or prejudice to its righta to refuse such payment or partial payments i~ the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of it~ scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unappli~ funds until Borrower make~ payment to bring the Laa~ current. Ir Bo~ower does not do so within a reasonable perio~ of v~,~, Lender shall either apply such funds or return them m Borrower. If not applied eglier, such funds will be applied to the outstanding principal balance under the Note immedi~tdy prior to foreclosure. No offset or claim which Borrower might have now or in the future aghast Lender shall relieve Borrower from making payments due under the Note and this Security In~u'ument or performing the cow. nan,s and agreements ~rx'u~ed by thi~ Security In~tnm-~ent. 2. Application of Payme~L~ or ProceedS. Except a~ otherwise described in this Section 2, all payments aeeelated and applied by Lender shall br. applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amomu~ due under Section 3. Such payments shill be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security hstn~ment, and then to reduce the prine-ipal balance of th~ Note. If Lender receives a payment f~om Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late eha.rge due, the payment may be applied to the ddinquent payment and the late charge. If more than one Periodic Payment is outstanding, I~nder may apply any payment received from Borrower to the repayment nf the Periodic Payments iL and to the extent that, each payment eon be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late cha~-g~ due. VolunmUt prepayments shall be applied 1Trot to any prepayment charges aatl then as described in the Note. Any ,~pplieafion of payments, in~uraaee proceeds, or Miscellaneous Proceeds to principal due under thc Note shall not extend or postpone the due date, or change thc amount, of the Periodic Payments. 3, l~hnd~ [or Escrow It,,m~. Borrower shaJl pay to Lender on the day Periodic Payment~ are due trader the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of m~nounts due for: (a) taxe~ ~md assessment., and other items which can aUain priority over this 8ecufi~ Imm,m~t as a lien or encumbrance on the Property; Co)leasehold payments or ground ~ents on the Property, ff cay; (c) premimm for any and ~ll insurance tequJ~ed by L~der unde~ ~ecfion 5; and (d) Mortgage Insurmace premiuma, if any, or cay sums payable by Borrower to Lender in lieu ofthe payment of Mortgage hsuranee premiums in accordance with the provi~ions of Section 10. These iten~ arc c~flled "Escrow Imms." At origination or at any dine during th,. term of the l~an, Lender may require that CommuaJty Association Dues, Pees, and A~es~ments, if any, be WYOMING-4ingla Fanfil¥-Fannie Ma~/Fraddie Mae IYNIFORM INSTRUMIKNT Form 3051 1/01 (page 3 ofll page. s) Zg-JUL-O$ 11:51^M FROIQ- O~L,O"~-~ 008?2 T-504 P.OZl/074 F-073 ~crowed by Bo~ower..and such du~, fc~s ~d ~s~ssmen[s sh~ ~ ~ ~crow Item. ~ower sh~l pro.dy furnish [o ~der ~1 notices of ~o~m to be paid under ~is Section. Do.owes sh~ pay ~der ~e Funds for ~scrow Items ~n~r waiv~ Borrower's obligmion ~o pay fl~e Funds ~br ~y or ~1 ~mw It~. Lender may w~ve Ba~ower's obligation to pay to Lender Funds for ~y or ~1 Escrow It~ a~ ~y time. ~y s~ w~ver may o~y be in ~tin~. h ~e event of such w~ver, ~r~w~ shall pay ~y, when ~ where payable, ~e ~ounm due for ~y Escrow I~ for whi~ payment of F~ds has been waived by ~d~ ~d, if~nder ~uires, shill ~mi~ to ~flet receipts evidenc~g such pa~ent wi~in ~ch time period ~ Lender ~y requffe. ~arrow~'s obligation to m~e such paymen:s ~d to prOvido receipts sh~l lbr p~oses be deemed to ~ a cove~ ~fl agreement ~nt~efl ~ ~is ~ ~eat. ~ ~e p~ase ~'~v~a~t and agte~ent" is used in Section 9. ~Bogower is obligated to pay ~erow It~ d~fly, pursuit m a w~ver, ~fl Do.owes f~s m pay ~e ~ount flue for ~ E~ow Item, ~nfler ~y exe~ise i~ rights under S~fion 9 ~d pay sue~ ~t ~d Borrow~ ~h~l ~en be obligated under Section 9 to repay to Lender ~y such ~ount. ~fler ~y revoke ~e w~vet ~ to ~y or E~row Im~ at ~y time by a notice giv~ in accord~ce wi~ ~on 15 ~d, upon such revocation, Bagower shall pay L~fler ~1 Funds, ~fl in such ~, ~t ~e ~en required ~det ~s ~fion 3. ~der may, at ~y time, eoll~t ~d hold Funds in ~ ~o~t (a) m~cient to pe~t ~nder to ~ply ~e Y~ds at ~e ~e~ed under R~PA. ~d ~) not ta exc~d ~e m~um ~t a lend~ ~ req~m under RESPA. ~d~r sh~l esti~te ~e ~ount of Funds due on ~e b~is of c~ent data ~fl ~ble ~es of expenditures of~t~e Escrow It~ or o~e~se ~ accord~ce wi~ ApplieabIe ~w. The Funds ~1 ~ held ~ ~ ~sfitufion whos~ d~rits ~ ~ by a fefler~ agcmey, ins~ment~i~, or enti~ (inelu~ng Lender, if L~mfler is ~ ~mtion whose tie, sits ~e so insure) or ~ ~y Fefler~ Home Lo~ B~. ~nder shill apply ~e Funds to pay ~e ~ow Items no lair ~ ~e ~e ~eifiefl ~d~ ~SPA. ~ndet sh~l not ch~g~ Bogowg for holding ~fl apply~g ~e F~fls, ~y ~g ~e ~crow aeeo~t, or veri~ing ~e Es~ow I~s. ufless ~dar rays Bogower interest on ~e F~ds ~d Applicable Law pe~iu ~det to ~ such a ch~ge. Unless an ag~meat is ~e writing or Applicable ~w requ~ ~terest m ~ p~fl on ~e F~ds. ~n~ ah~ nat be r~uirefl to pay Bogower ~y interest or e~gs on ~e F~ds. Bo~wer ~d ~dor ~ a~ee ~ ~i~g, however, ~ ~ter~t sh~ be p~d an ~e Funds. L~der sh~ give to ~wer. wi~out eh~ge, ~ ~ a~ount~g of ~e Funds ~ req~ed by RESPA. If there is a ~1~ of Fun~s held ~ ~erow~ ~ defined ~der RESPA, ~ndet sh~l ~ount to Bogower for ~e ex~ ~nds ~ aecotfl~ee wi~ RESPA. If ~ is a shortage of ~ held ~ ~w, ~ defined under ~5PA, ~nfler ~ Bogower ~ r~uired by ~SPA, ~d Bo~ower shall pay m ~d~ ~e ~oum n~ to ~e up ~e ~on~e ~ ~cotd~e~ wi~ ~$PA. but in no more ~ 12 money pa~en~. If ~ere is a dafiei~ey of Funds held ~ escrow, as defined ~der ~fiPA, L~der sh~l nofi~~ Bogower ~ r~u~ed by ~SPA. ~d Borrower sh~ pay Io Lender ~e ~t n~s~ to ~e up the ~fi~ency ~ ~eard~ee M~ ~SPA, but in no more ~ 12 ~n~y payday. Upon paym~t in ~II of ~ a~s se~r~ by ~s See~i~ l~nt, ~det sh~l promptly re.nd m Bogow~ ~y Funds held by Lender. 4. Chugs: Liens. ~gower sh~ pay ~1 ~es, ~sess~nu. eh~gm, ~, ~a ~positions a~butable to ~e w~ ~ an~ pfio~ over ~s ~ ~men~, l~old pa~m at ~o~d rents on ~e Property, if ~y, Co~uni~ Association Dues, Fees. ~d ~en~, if ~y, To ~e ex~nt ~t ~ese i~ ~e ~setow It~, Bogower ray ~em in ~e manner pro~d~ ~ S~tion 3. ~ower shall promptly ~gge ~y lien w~ has pfiori~ ov~ ~is Secufi~ hs~t units Bogow~: (a) a~s ~iting to ~e pa~ent of ~e obliggion se~ed by ~e li~ ~ a mannsr ~p~le to Lend~, but only so long ~ Ba~ower is perfo~g such agre~eat; ~) ~mests ~e li~ ~ good f~ by, or def~ds aga~t e~ote~ent of ~e li~ ~, leg~ ptae~ings which in ~ndet'~ apron operate m prevent ~e ~fome~t of ~e lien while ~ose pr~ings ge pen~ng, but o~y ~til such proc~gs ge concluded; or (e) scenes from floe holder of ~e lien ~ a~ee~nt ~aisfaem~ to ~fler ~bordinafing the lien to ~ S~ ~nt, If Lender detemines ~ ~y pm of ~e ~o~ is ~bjeet to a lien w~eh c~ att~ priority over ~is ~eufi~ ~m~t. ~der ~y ~ve Bagower a notice ifl~fi~ing ~e lien. Wi~ 10 days of date an w~ ~at notice is give, Bogower ~1 s~ ~e ~ or ~e one or more of ~e ~fions set fo~ ~ove in Section 4. ~der ~y req~re Bogowg to pay a oho-time ehgge for a r~l estam t~ verification ~fl/ot r~o~ng se~iee used by L~der in ~tion wifl~ ~is ~. 5. ~ope~y ~ee. Bogower ~fll ke~ ~e ~prov~m now e~g or h~e~ter erected on ~e ~opeay ag~st loss by fire, h~fls ~elufl~ wi~ ~e te~ 'ext~ded ~verage," ~.d ~y o~er h~ds ~cluding, but not l~ted e~es ~fl fl~fls, for w~flx ~nfler r~es ~ce. ~s ~ sh~l be main~ed in ~e mno~ (~eluding deductible lev~Is) ~d for ~e ~fia~ ~ Lender ~q~. ~at ~det ~r~ pumu~t to ~ prong sen~e~ e~ e~snge d~g the ~ of the ~. The ~ee ~er proving ~e ~ sh~l be ~osen by Borrower suhj~t to ~n~r's fight m disapprove Bo~w~'s choice, w~eh ~t shill not be exerei~ u~onably. L~der may re~e Bogower ~O~G--Single Family-F~aie ~eddie ~c ~O~ ~~ Faro 3051 1/01 Cage 4 oS11 ~nges) 2g-JUL-05 11:53AM FROM- to pay, in connection with this Dam, either: (a) a one-thne charge fOr flood zone determination, certification and tracking se~.,iees; or (b) a one-time ~harge for flood zone determination and certificafiou s~:rvices and subsequeut charges each time remappings or ~;imilar e. hange~ o~ur which reasonably might aff~:t such determination or cer;;ificafion. Borrowur ~hail also be responsible for the pay'~ent of any ~'eea imposed by the Federal t~mergeu~y Management ,Agency in connection with the review of any flood zone detecminatiou resulting from an objection by Borrower. If Borrower ['ails to ~nainudn any of the c~verages described above, Le~uder may obtain insurance coverage, at Lender'~ oprlnn and ]~orrou~er'{ expeu~e. Lender im under no obligation ua pu~h~ any particular £yp~ or anuouut of oowrag~. Therefore. such coverage shall eowr Lander, but might or might not p~:ot~ Borrower, Borrower's equity in the Property, or the conten~s of the Propec~y, against any flak, hazard or liability and nlight provide greater or l~$er coverage th{mn was prnviously in effect. Borrower acknowledges that the cost of the insuxan~e coverage an obtained might siguific~tly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by lender under this ~:etit, n $ shall become additional debt of Ben-ewer $~.¢ured by this Security Insu'umenL These amounts shall beat interest at the Note rate from the date of clisb~r~ement and shall be payable, with such iut~ra~t, upon notice from Lender to Borrower requesting payment. All insurance policies reqtlired by Lender and renewals of such policies shall be subject to Lender':{ right to disapprove such poli~ies, shall include a standard x~O{-tgage clause, and shall nn~ne Lollder as mortgagee and/or as an additional loss payee. Lender shall have the Hghi to hold th~ polit'-i~ and renewal certificates. If I~nder requires, Borrower shall promptly give to Lender all ~eeeipt$ of paid premiums and renewal noticeS. If Borrower obtain9 any form of iu~uranr~ coverage, not otherwise x'equlred by Leuder, for damage to, or destruction of, t]a~ Propcrt-y, such policy shall include a standard m~rtgage clause and shall name L~nder a~ ~o~gagee and/or as an addi~innal ins~ paye~. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Bo~ower. Unless Lender and Bo~ower otherwise agre~ in writing, any insurance proceeds, whuther or not the underlying instu'anee was required by Lender, shall be applied m restoration or repair of the Property, if the ~eatoration or repai~ is economically f~asible and Leuder's security is not lessened. During such repair and restoration period, Lender shall have the fight to hold such Lusurauee proceeds until Lender has had an opportuifity to inspect such Pcoper~y to en~ure the work has been completed to Lender's satisI'a~tiou, provided tha~ such inspection shall be unde~aken promptly. Lender may disburse proceeds for the repair~ and rr~toratiou in a single paym~t or in a s~rie~ of progress paymeuts as the wo~k is completed. Uuless au agr~ment is made in writing or Applicable Law requires interest m be paid on such insurance procfmds, Imnder shall not be ~equiced to pay Bo~owcr any interest or earnings on such proceeds. Pees for public adjusters, or other third parties, retalued by Borrower shall not be paid out of the insurance p~oceeda and shall be the sole obligation of Bor~owur. If the restoration or repair is ~ot economically feasible or Lendex's security would be lessened, the insurance proceeds ~hall be applied to the sums se~'u~ed by this Security Ins~rneat, whether or not then due, with the excess, if lay, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower ab,'mdons the Property, I~uder may File, negotiate aud settle any available inSurance claim and related matters. If Borrower does not respond wiuhln 30 days to a notice from Lender that the insurimce ean-ier has offered to settle a claim, then Lender may uegotiate and settle the claim. The 30-day period w~ll begin when the notice is given. Lu either eve. ut, or if Lender acquires the Property u~der ~;eefion 22 or otherwise, Bm'rower hereby assigns to l. znder (a) Borrower's rights to any insurance procee~ in an amoun~ not to exceed the amounts unpaid under the Note or this Se~'uri~ Instrument, and Cu)any other of Borrower's rights (o~h~ than the right to any refund of uneamed laremiums paid by Borrower)under all insurance policies covering the Property, insofar as such fightm ara applicable to the coverage of the Property. Louder may use the instance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Inatrumem, whethm' or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Ptop~-y as Borrower's pfiucipal residence within {50 days after the execution of this Security Instrument and shah continue to occupy the Property as Bo~ower's principal reside,ace for at leas~ one yea~ afi~-r the date of occupancy, uulus$ Lender otherwise agzc~s in writing, which consent shall not be un~sonably withheld, or units extenuating eiro~r-.etane, ea exist whie. h are beyond Borrower's control. 7. Preservation, Maiut~nnee and laroteetion of the Property; Inspt~:tions. Borrower shall not d~troy, darnaga or impair the Property, allow the P~ope~ty to deteriorate or conamit waste on the Propel-ry. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unl~s it is d~termined pursuant to S~tion S that repair o~ reStOration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further d~terioration or damuge. If insurance or condemnation proceeds are paid in corme~tion with c!~,:nage to. or the taking of. the Property, Bon'ower ~hail be responsible for r~airing or restoring the l~ol~rty only if Lender has n~leasud proceeds for such purposes. Lender may disburse proceeds for thc repairs and re~toration in a single payment or in a series of progress paymentm as the work is completed. Ii' ~he insuraur.~ or condemnation proceed{ ax~ not sufficient to repair or restore the Property, Bon:ower is not reliev~l of Borrower's obligation for the completion of such repah- or restoration. WYOMIN(~-Single Fam[ly-Fannie Mae/l;'r~-ddie Mac UN]~O1LM ]INSTRUMENT Form 3051 1/01 0~aSe .~ ell1 pages) ~ndcr or its ag~[ ~y ~ reasonable entries u~n ~d insp~tions of ~ ~peny. If k h~ reachable cause, Lender may insect the hte~or cftc ~rov~ena on thc ~ope~. L~ sh~l give ~ower noti~ at ~e t~ of or prior to such ~ ~terior ~p~tion specific such re~onabl~ 8. Bo~ow~'s La~ Application, BorrOWer sh~l be in default if, d~g te ~a application pr~ess, Bo~ower or my persons or entiti~ act~g at ~e dir~fion of Bo~ower or wi~ ~ower's ~owledge or consent gave ~tefi~ly f~sc, ~sleading. or inaccuraie info~on or st~cments m ~der (or fail~ to provide ~nder wi~ maefia ~fo~tion)in ~nn~tion with ~c Lo~. Mat~i~ representations include, but ~e not l~t~ to, r~resen[afio~ conc~min~ Borrower's occup~cy of ~e Pro~ as ~wer's p~eip~ residence. 9, ~otection of Lentil's Int~t [~ the ~o~ny and Rights Uud~ ~ ~urity lm/~t, if (a) Bo~ower f~ls peffo~ ~e covcn~a ~d a~eemenls contorted in ~is S~uH~ I~ent. (b) there is a legal proceed~ ~at ~ght signiHc~tly affect L~nder's ~ter~ ~ ~a ~openy ~d/or Hgh~s ~dcr ~is ~urlty ~m~t (such ~ a preceding b~ptcy, probate, for cond~on or forfeiture, )bt ~forc~ment of a li~ w~ich ~y a~an priority over ~is ~c~ity ~stmm~t or m ~orc~ laws or regulalo~), or (c) Boaower h~ ~do~ed ~he Property, ~n ~nder ~y do ~d pay for whatever i~ rea~nabl~ or appropfiam to profit L~ndcr's ~terest ~ ~e Property ~d d~ts ~d~ ~ ~ Ins~mm~t. included pro/eerie ~or ~s~sing ~e v~ue of fl~e ~ope~, ~d se~ ~or r~ai~g ~e Pro. ay. Lender's actions include, but ~e not l~ted to: (a) paying any sums s~ by a li~ w~ h~ pfiofi~ over~s Scc~ty Ins~mcnt; app~ng in co~; ad (c) paying reaonabl~ a~omeys' f~ to pro.ct i~ ~mrcst ~ ~e ~o~ agor fi~ts under als S~urity ~ont, ~cluding i~ s~ured ~sition in a b~p~ prolog, Sec~ng ~c Pro~y includes, but is l~t~ to. enter~g ~e Prepay to m~ce repairs, chide l~s, repl~ or bo~d up doo~ ~d w~dows, drain wa~cr ~om pi~s, ~li~ate build~g or o~er code violafiom or tuberous ~nditiom, ~d haw utilifi~ mined an or off. ~aou~ Lender ~y t~e ~tion under ~ ~ction 9, Lender d~ not hav~ lo do ~ ~d is not ~der ~y duty or obligation to do so. It is acrid Lender ~c~ no li~fli~ for not t~g ~ or ail actions au~oH~ under ~s ~don 9. ~y ~o~ ~sb~rl~ by L~der under ~is ~tion 9 sh~l bcco~ addifio~ debt of Bo~ower sec~ by ~is ~ourity Instmm~t. ~ase ~ounts sh~ be~ inter~t at ~e Note rate ~om ~e due of ~sbursement ~d sh~l b~ payable, wi~ such ~ter~t, upon notice from L~der ~ ~ower requca~g pa~ent. If ~is ~c~ity I~ment ~ on a lea~old, Bo~wcr sh~l co~ly wi~ ~1 ~e proviaio~ of ae le~e. If Bo~ower acquir~ fe~ title to ~: Propc~y, ~e leas~]old ~d ~:c fcc dtle sh~ not ~rge ~s Mndcr agrees to ~e merger ~ 10. Mo~gage ~su~nce. If Lcnd~ ~uir~d Mon~a~e ~ a a con~on of m~g ~e Lo~, Bo~ower shal pay · e pre~u~ requ~ to ma~ta~ ~e Mortgage Insurm~ ~ effect, If, for ~y rc~an. ~e Mortgage ~ce coverag~ re~k~ by ~dar c~ses to b~ av~ablc ~om ~e mortgage ironer ~at p~io~ly provided such ~s~ce ~d Bo~owcr rcq~r~ to ~e sep~ately d~ignaed pa~en~ towed ~e pre~ for Mortgage Im~, ~ower s~l pay ~e premi~ requir~ m obt~n coverage subst~fialy equiv~ent m ~e Mop,age ~ca previo~ly ~ efl:~t, at a cost subs~ti~ly ~uiv~ant to ~e cost to Bo~owar of the Mo~gagc Ins~r~ prcvio~ly in eff~t, ~m m atemat~ ~cr sel~md by L~der. ~ ~bs~tialy ~uiv~ent Mo~gage Insu~ coverage is not evadable, Boaow~r sh~l con~u~ pay to Lender ~c ~o~t of ~g s~acly d~i~ated pa~ts ~ were d~e when ~e ~urmce ~verage ~as~ to b~ in effect. ~dar will accept, ~se ~d rein ~e paym~m ~ a non-teen.hie loss r~e in 1i~ of Mongag~ I~race, Such loss rese~ ~ be non-r~fund~le, no~i~t~ng th~ fact th~r ~a ~an is ulrim,tcly p~d in ~B, ~d Lender sh~l not required m pay Bo~ower ~y ~[er~t or e~ings on su~ loa rescue. L~er c~ no longer require loss re~e paym~ if Mortgage ~ur~ce cov~age (~ ~ ~o~t ~d for ~e period ~a ~der r~uir~) provided by ~ ~ur~ sel~ted by ag~ ~comes avail~le, is obt~cd, ~d L~nder req~ s~tely desl~ pa~ts towed ~e pr~u~ for Montage ~. If Lender req~r~ Mo~gage ~e ~ a condi~on of m~ng ~ Lo~ ~d Bo~ower wa requk~ to ~e sep~acly desisted pa~enm towed ~e premiu~ for Mortgage I~ur~c~, Bo~owersh~ pa~ ~e pre~ requir~ ~[~ MoAgag~ ~sur~ ~ effect, or to provide a non-re~n~bl~ loss re~e. unt~ Lender's req~rement for Mortgage ~sur~ ~nds in accord~cc wi~ ~y ~i~en a~cc~t b~n ~w~r ~d ~d~r provided for ~ch re. aaron or t~;~atdon is required by Applicable ~w. No)hln~ in ~is S~on 10 ~ Bo~ow~'s obligation to pay ~ter~st at ~e rare provided ~ the Note. Mongag~ ~surmc~ reimb~s ~der (or ~y ~nd~y that purch~es ~ Note) for cen~ losses it ~y inc~ ~ Bo~ower d~s not repay ~e ~ ~ a~e~. Bo~ower is nm a p~ m ~c Mo~gage ~sar~e. Mo~gag~ ~c~ ev~ua~ ~k Io[~ ~k on ~1 such ~ce ~ for~ from ~ m time, ~d ~y enmr in~ agreemenm wi~ o~cr p~/i~ ~at ~h~e or m~ ~cff ~sk, or reduce los~, ~e agr~menm ~ on te~ ~d co~gons ~at ~ sadsfa:o~ to ~e mortgage ~urer ~d ~e other pray (or p~) m ~e aero--ts. ~ agr~nts ~y ~uke ~e ~gaie i~umr to ~e paym~n~ us~g ~y so.ce of ~ds aa ~ moagage ~er ~y have av~able (wMch may ~nds ob[~ flora Mortgage ~s~ ~O~G-Singk Fmily--F~nlo Mae~r~ddie Mae ~~ ~STR~ F~rm 3051 Mill Cage 6 of I1 pages) 2g-JUL-O5 ll;55AM FEOM- "C) O~-i' ~) P.024/074 F-o73 As a result of flt~e a~¢nts, ~nder, ~y purch~r of ~e Note, ~er insurer, ~y re~er, ~y other entity, ot ~y ~ffliate of any of ~e Iorego~g, ~y reeeiv~ (~t~tly or ind~fly) ~o~ts ~at derive ~om (or ~t be ~t~ri~d as) a ~rtion of Bo~ower's pa~cm~ for Mortgage ~sur~ee, ~ ~ch~ge for shying ot ~flify~g ~e mortgage ~suret's risk, or reduc~g loss~. If such agr~ment provides ~ ~ a~lige of Lender ~ a share of the ~ret's risk in exch~ge Ibr a ~e of ~e pre~ p~d lo ~ insurer. ~e ~gemem is often I~ 'captive reMsur~,' Furor: {a) Any such n~ments ~ not ~f~t the ~aun~ that Bo~ower ~ agr~d to ~y for Mortgage ~surance. or any other te~ of tho Lo~. ~ agr~ments ~11 not in~e~e ~e amount Borrow~ ~ owe for Me.gage Induce. and they ~ll not entitle Borrow~ to any r~d. (b) Any such a~¢~ ~1 not affect the ri~ Borrower h~ - if ~y - ~th r~ to the Me.gage under the Hom~s Prot~tion Act of 1908 or ~y other law. ~e righ~ my include the ri~t to r~eive ce~in ~sel~ur~, to requ~t and oht~ ~neellation of the Mortgage ~ee, to have the Moggage ~ee te~nated automtic~ly~ an~or to re~ive a refund of any Mortgage ~ee premiss that w~e ~rnM at ~e time of such ~lafian or te~ination. 11. ~signm~t of ~c~m ~; Forf~ture. All Miscellanea Premeds ~¢ he.by ~sign~ to ~d sh~l p~d to ~nder, If ~a ~ope~y is d~aggd, su~ Misc~ll~eou$ Pro~s ~ b~ ~pli~ to restoration or z~r of th~ Pro.ny, if restontion or rep~ ~ <ona~c~ly feasible ~d Mnd~'s ~ty is not l~sen~, D~g ~ rop~ <d r~tomtion period, ~nder shMl Mve ~e fi~t to hold ~ch Mgcell~eous ~aeee~ umil Lender h~ had ~ oppo~MW to ~p<t su~ Pro.ay to ~ure ~e wor~ h~ b~n compl¢~ to Lender's safisf~ion, provided ~at ~ ~tion ~1 be ~de~ promptly. Lender may pay for ~e rep~ ~d restor~on M a single d~bu~ent ar in a s¢fi~ of pro~s pa~¢n~ as ~e work is completed. UMess ~ a~ee~nt is ~de ~ ~ting or App~e~le ~w r~uk~ Mterest to ~ paid on such Mi<ell~oaus ~o~s. ~der shaR not be req~ to pay ~ower ~y ~tar~ or ~gs on such Mi~oll~eous Pto~s. If the regoration or repot is ~t ~no~c~ly feasible or L~der's s~fi~ woMd be l~sen~, ~ M~ceR~us Pr~s shall applied to ~ s~s ~red by ~Ms Sec~ty Instmm¢nt, whe~er or no/~ due, wi~ ~e ~cess, if ~y. p~d to ~awer. Such MisceR~eous ~s shaR be ~plied ~ ~e ~rd~ provided for M ~fion 2. ~ ~¢ ev~t of a to~ t~g, d~t~gtion, or loss ~ v~ue of aa ~, ~e Mis~l~eous Pr~s s~l ha applied to ~e ~ s<~ by ~s S~fi~ ~m]~t. who~r or not ~ea due, ~ ~e ox~ss, if ~y, p~d ~ Bo~ower. ~ ~e event of a p~ t~ng. d~tmetion, ar loss ~ v~ of ~e ~a~ay in which ~e f~ ~!rket v~ of ~e Pro~rty i~edia[¢ly bolero the p~iM ~g, d~tmction, or 1o~ M v~ue ~ ~u~ m or greater ~ ~e ~o~t of ~e s~ secu~ by · is S~ufi~ I~m~t i~ediat~ly before ~ pgg~ t~g, d~ction, or loss M roue, ~less Bo~ower ~d Lender o~e~ise a~ M ~fing, ~e ~ s~ed by ~s S~ri~ ~tm~t sh~l be r~ucgd by ~ ~unt of ~e MiseeR~eo~ Proceeds mullipli~ by ~e followMg ~aetion: (a) ~e to~ ~t of ~e snmg ~e~ ~iately ~fote ~e p~i~ t~ing, desertion, or loss in v~ue ~vided by ~) ~e f~ ~t v~ue of ~¢ Prepay imm~Mtely ~rore ~ p~i~ t~ng, d~ction, or loss M v~ua. ~y b~ce sh~ be p~d to Bo~ower. In ~e event of a pmi~ ta~ng, d~cfion, or loss ~ v~ue of ~e ~ope~ M which ~e f~ market v~ue of irnrne~a~y before ~e p~i~ tnEing, d~ction, or loss ~ vgue is l~s ~m ~e m~t of ~e mime seeur~ ~diately before tho p~l~ t~ing, d~on. or loss M vMue, ~s Bo=ow~ ~d ~d~ o~e~ise ague ~ ~ting. tho Miscell~mus ProceSs ~ ~ appli0d m ~e mime s<~ed by this Sec~ty ~~t whe~er or not ~ ~ ~e ~ due, If ~e Prop~ is ~doaed by Bo~ower, or R', afar notice by L~der m ~ower ~ ~8 ~posing ~e next sentence) offers to ma~ ~ award to seMea el~ for ~ages, Bo~ower f~ls to r~nd to ~ndg ~thM 30 days ~ the date ~e natle¢ is ~ven, ~der is ~ofized to ~<t ~d ~ply ~e M~ellm~us Procee~ eider to r~mation or mp~ efta ~o~ or to ~e m~mg ~ed by ~is Se~fi~ hs~ent, wh~ or not ~ due. "~sing ~d p~y ~at owes Borrower Miscell~eous ~ee~ or ~e p~ agsin~t whom Bo~wet ~ a right of action Mi~ell~us Bo~ow~ sh~l ~ M defaMt if ~y ~tion or pr~g, who~ civil or cfimin~, is ~g~ ~at. ia ~nder's judger. eo~d resalt M foffei~¢ of ~e ~o~ or o~er ~mfial imp~t of ~ndcr's Mt~e~ ~ ~e ~ope~ or S~fi~ ~ent. Boaow~r ~ ~e ~ch a def~lt ~d, ff at.leiden h~ ~e~, teM~ as provid~ M S~tion 19, by oaring ~e action or proceedMg to ~ ~s~ wi~ a ~Mg ~. in L~der's judg~nt, preclud~ fo~i~ oilier ~tefi~ ~p~ent of ~nder's ~terest in ~e Propeay or Hghts und~ ~ Sg~ ~s~at. ~e process of~y awed or clam for ~mages ~t ~e at~butable to ~¢ i~p~t of Lm~r's Merit M ~¢ Pcop~ ~o hereby assi~ed and sh~l be p~d to ~nder. All Miscell~eom Pme8~s that ~ not appliM to r~tomfion or repair of ~e ~op~r~ sh~l be appli~ M ~e oMer provided for ~ Section 2. ~O~G-Singls F~ily-F~nie ~e~red~e Mae ~O~ ~STR~ ~orm 30al l/ill Oage 7 0f11 pages) 12, Bo~ower Not Rel~sed; Forb~an~ By Lender Not a WMver. Extension cftc time for payment or modification of amoni~tion of fl~a a~s aec~ed by this S~uri~ ~w~ment y~t~ by ~ader to Borrower or ~y Succ~ior in Interes~ of Bo~ower ~E1 nat operate W rele~ ~e liability of Bo~ower or ~y Sucklers in Inmceat o1' Bo~ower. Lender sl~El not r~uired to ~ence pro~gi against any Suc~sor ~ hmrest of Borrower ar ta r~ m exmad fi~ for pa~ea~ ofl~e~ise modi~ ~a~i~on of ~e su~ secur~ by this S~ ~t by reason of ~y dem~d made by ~e original Borrower or ~y $u~essors ~ h~er~t of Bo~ower. ~y for~ by ~nder in exercising ~y right or re~dy includhg, wi~out limi~tion, L~nder's ~cept~ce Of paym~ts ~om ~d ~ns, entifi~ or Su~o~ ~ h~er~t of Bo~ower or in ~o~ts less ~ ~e ~ount ~en due, shE1 not be a w~ver of or pr~ludu the exercise et' ~y right et r~edy_ 13. Jolt and Several L~b~ty; Co.ignix; ~c~sors ~d As~ Bo~d. Bo~ower cov~ ~d agr~ ~rrower's ohliga~ons ~d Hab~ nha]] be joint ~d s~e~. However, ~y Borrower who co-signs ~h Sec~ty In~t~m~i bm d~ not ex,cute fl~e Note (a "~ign~'): (a) i~ ~-si~g ~is $~u~y ~m8nt o~y to ~agaga, ~t ~d ~nvey c~signer'a interes~ in ~e Prop~ ~d*r the ~e~s of~a S~ty I~m~t; ih) ia nm person~y ohliga~ to pay ~ sea.ed by ~is S~oufity ~tn~m~; ~d (c) a~ees ~a~ ~nder ~d ~y o~er Bo~awer c~ a~ee to extmd, modi~, forbe~ or ~e ~y ~~io~ wifi repot to ~e tem~ of ~ ~c~ ~m~t or ~e Note wi~out ~a co-signer's co.em. Sublet to ~e provisions of S~on 18, ~y Su~a~or in Inereat of B0~ower who ~.~_a B~ower's obligafia~ ~der ~is ~ud~ ~t M ~ng, ~d ia approved by ~der, ~1 obm~ ~1 ~f ~ower's ~u ~d ~aefii~ under ~is Secufi~ In~t. Bo~ower sh~ not ~ releas~ ~om B~ow~'s obligatio~ ~d liabili~ ~d~ ~ S~ty ~s L~nder agrees to su~ r~e ~ ~t~g. The ~v~ ~d agr~men~ oi ~is Se~fl~ ~~ sh~l b~d (exert provided in S~tion 20) ~d benefit ~e ~ssors ~d ~aig~ of ~nder. 14. L~n Charg~. Len~er ~y c~rge Bo~ower f~s for ~ces peffo~ed h ao~ection Wi~ Bo~awer's defaul;, for pu~ose of protecting ~nder's ~mr~t in ~o ~ope~ ~d figh~ ~dor ~is ~urity ~t, ~uflhg, bu~ not li~teO ~o, auomeya' l'eea, prope~ ~sp~fion ~d v~uation f~s. h reg~d to ~y o~er ~e~, fie abs~ce of ~praas ~thority ~ ~s Sea~ity lns~ment to charge a a~iflc f~ to Bo~ow~ ~1 not ~ co~ ~ a prohibi~on on ~e ~gMg of such ~ar ~y not charge fees ~at ~e e~r~sly prohibimd by ~a S~ hs~t or by Applicable ~w. I[ ~a Loan is sub~t to a law which se~ m~ lo~ nh~rges, ~d ~t law is f~ly ~ted ac ~m ~o in;er~ or o~er lo~ ~ges collated or re be ~ll;te8 ~ ~fion wi~ ~ Lo~ exee~ ~a pe~tt~ ~, ~en: (a) my ~ch Io~ ~ge ~I ~ r~ed hy &e ~o~t necess~ to r~u~ ~e ~go to ~e p~tt~d li~t; ~d ~) ~y a~ ~ready collared ~om Bo~ower wMch exceed pe~tted 1~ will bo rounded to Bo~ower. Lender may ~so to ~e ~is ref~d by reduc~g ~e p~fip~ ow~ under ~e Note or by ma~ng a ~t paint m Borrower. Ifa m~d r~uees pfincip~, fie rcdue~on will ~ treated ~ a p~ pr~a~ent wi~out my pr~a~mt ah~ge (wheth~ or not a pr~a~ent chugs provided for under ~e Nora). Bo~ower's a~ept~ of ~y ~uch r~nd ~de by dire~ paym~t m ~ower will co.dints a w~ver of ~y fight of action Bo~ow~ ~ght have ~ing out of ~ch ovem~ga, 15. Notice. All nofi~ giv~ by Bo~ower or Lmder in ~nn~on wifi ~ia S~u~ ~t ~t bo ~ wring. Any no~iaa to Bo~wor ~ ~on wi~ tMs S~ufl~ ~t sh~ ~ d~fl ~ have ~ given to Bo~ower when ~led by f~at el~s ~I or when acm~ly daHwrM to Bo~ow~'s notice ~dr~s if s~t by o~er me~. No~co to ~y one ~owor sh~l certitude noti~ to ~ ~ow~s u~s Applieable Law expressly requk~ o~e~ise. The notice address shall ba ~e Pro~ Address u~s Bo~ower h~ d~ignated a ~bsfitute noti~ address by aofic~ m Lend~. Bo~ower sh~ promp~y noti~ ~nder of ~ower's eh~ge of Mdr~s. ~ ~ndee ~ifl~ a pr~ed~e far r~n~g Bonowar's ch~ge of M~a~, ~en ~rmwer s~l only ro~n a c~ge of Mdr~s ~ough ~ ~ed pr~e, ~e may he o~y one d~ignat~ notice ~dress under ~a Secu~ I~nt at ~y one t~e. ~y nofi~ m ~nder ~1 ~ giv~ by deliv~g it or by ms~Mg it by f~ cl~a m~l to ~nder's ad~a ~ated here~ ~s L~nder h~ d~ig~t~ ~o~er addr~s by notice to Bo~ower, ~y notice ~ oo~ecfion wi~ tMs S~y ~m~t ~ not be d~ to have b~ giv~ to ~nd~ umil a~ly re~iv~ by ~nder. ~ ~y notice ~ed by ~a S~u~ ha~t is also req~ed ~der Applicable ~w, ~a ApNicable ~w requirement w~ ~a~ ~e co~pond~g r~uir~mem under ~s S~ ~ent. 16. Goring Law; ~v~ab~ty; R~ of Comtru~lon. ~is Se~ri~ ~s~nt sh~l ha gowm~ by fede~ law ~d ~e law of ~e j~iadiafioa in w~oh ~a ~o~ is loe~ed. ~ figh~ ~d obligations ~n~ed h ~is Secu~ ~ent ~ subj.; m ~y ~quir;~ts ~d l~tiom of Applicable ~w. Appli~le ~w mi~t explicitly or implicitly ~low ~e p~ies ' to agr~ by aomr~ or it ~t ~ silent, but such silica ~1 not ~ ~ as a proMbi~on aE~t a~e~ent by contra~. h ~e ~v~t thru ~y provision or clause of ~s S~ ln~t or ~ No;e ~ets ~ Applicable ~w, ~ah conflict sh~l not ~$~ o~er provisia~ of ~is S~uri~y ~s~ent or ~e Note whi~ c~ be givm aff~ ~thout ~e confliating provision. As ~ed in this ~i~.l~t~t: (a) words of ~ m~cul~e g~fl~ ah~l me~ ~d ~elude ~e~ondhg neuter words or wor~ of ~e f~ini~e gender; ~) words ~ ~ s~l~ sh~ m~ ~d include ~e plum ~d vice v~a; ~ (e) fie word "~y" gives role ~aarafion ~out ~y obllgmion m t~; ~y aeries. 17. Bo~ow~'s Copy. Bo~ower a~l be given one copy of ~o Note ~d of ~is ~ ~,~,~nt. 18. T~nsfcr of the ~op~ or a Beneficial ~t~ ~ Borrower. As us~ ~ ~ ~ction 18, "~e~ in thc Property" m~s ~y lcg~ or benefici~ ~mrest in $he Prope~, incl~ing, bur not li~tad to, ~hose ~fici~ inter, ts ~sferr~ in a ~nd iht deed, con~t for dccd, instalment s~es ~n~act or ~ow agr~m~, ~c ~ent of which is ~ ~sfcr of ~kle by Bo~owcr at a ~mr~ date to a purch~gr. If all or ~y p~ ef ~e Pro~rty or ~y In.rest ~ ~e Prope~y is sold or ~sfe~ (or if ~wer is not a namr~ person ~d a b~nefici~ ~ter~t ~ Bo~owcr is sold or ~f~ed) wi~out ~nder's p~or w~'consent, Lender ~y r~uire i~iate paymen~ ~ ~1 of ~I sums s~ur~ by ~is S~ ~ent. However, ~s opoon shall not he erercis~ by ~nd~r if such exercise is prohlblte~ by Applicable law. If Lender exercises ~s op~on, ~der ~1 give Bo~ower notice of ~lera~an. ~e notice shall provide a period of no~ less ~ 3~ days from ~e ~ate ~e notice is given ~ accor~ wi~ Section ]5 ~in w~ch ~o~ower m~t pay all s~ secured by this Security hg~t. If Bo~ow~ f~s to pay thee s~ p~or to ~ e~afion of ~is period, ~n~er invoke ~y rem~ies pe~tted by ~is Se~ty ~s~m~0~ wi~out ~er notice or domed on ~a~ower. 19. Borrow~'s ~ght to R~n~ate AR~ Aeeel~afion. If Bo~ower mee~ cen~ condition, Borrower sh~l have ~ght to have e~om~t of ~s ~ ~en~ discont~ued at ~y fi~ prior to the e~Ii~ of: (a) five days b=l'ore ~e of ~ Prope~y p~u~t w ~y power of s~e contained ~ ~ ~c~ity Instmmem; [b) s~ o~er ~od ~ A~li~ble ~w ~ght spe~ for ~e tek.finn of Bo~awer's right ~o re~tatc; or (c) ~t~ of a judgment en~orc~g ~ 5~uhty Ins~men~, con~o~ ~e ~a~ Bo~owcr: (a) pays ~nder ~1 s.m, wM~ ~en wo~d be due under this ~i~ hstmment ~d ~e Note if no ~cele~on h~ occmre~; ~) cur~ ~y ~efa~t of ~y o~er envenoms or a~e~; (C) pays ~l exposes ~cu~ed in e~om~g ~is S~ty In~n~ent, ~clud~g, but not l~ted to, r~ble atto~eys' f~, prop~ ~spccfion ~d v~ua~on fees, ~d o~er fees ~c~ for ~e p~ose of prot~t~g Lender's ~mrest h ~e Property ~d ~ ~der this lns~ent; ~d (d) t~es such ~ion ~ ~der ~y ~onably r~ to assure fl~at L~d~'s ~rest ~ ~e Prope~ ~d righ~ un~r ~is S~ufiW l~t. ~d ~orraw~'s obligation to pay ~e ~s ~cured by ~s Se~ri~ ~meat, sh~l cont~ue unch~ged. ~nde~ may require ~t ~o~ower pay such re~~t su~ ~d exp~ in one or ~re of the follow~g as sel~ by L~d~: (a) c~h; ~) money ardor; (c) ~ ~eck, b~ ch~k, ~urer's check or ~shi~r's ch~, provided ~y such check is 8~wn upon ~ i~mtiOn whose d~osig ~ i~ured by a fede~ ~g~cy, ~men~ity or ~ty; or (d) E]~odc F~ds Tr~sfer. U~n reinstatement by ~o~wr, ~ 5~ty ~nt ~d obHgafiom secured hereby m~in ~lly eff~tive ~ if no a~eler~on l~ad ~. However, tMs ~ght to reia~te ~ nat ~ply h ~e c~e of a~elemfion ~der ~efion 18. 20. S~e of Note; Ch~ge or Loan Soccer; No~ of G~ee. ~e Note or a p~ in~re~ h ~e No~ (toge~ wi~ · is ~urity I~m~t) ~ he ~ld one or more ~es wi~out p~or notice to Bo~ower. A s~e ~ghg ~ult ~ a ~ge ~ end~ (~own as ~e "~ Se~ic~") ~at collects Pe~adic Pa~enrs due ~r thc Note ~d ~is Sec~ ~s~em peffo~ o~ mortgage ]o~ se~i~g obligatio~ under ~e Not~, tMs ~rity Instmment, ~d App~cable ~w. ~ere ~so ~t he one ar more ch~g~ of ~e ~ Se~i~r ~elated to a ~e of ~e Note. If thee ~ a change of fl~e ~ He.ewer will ~ given ~i~en notice of ~e ch~ge wMch w~ stye ~e ~ ~d a~re~ of ~e new ~ ~i~, ~a a~ress to which paymen~ should be ~e a~ any o~er ~o~a~on ~PA r~r~ ~ come,On ~h a no,ce of ~sfer of se~ic~g. If ~e Note is sold ~d ~er~er ~e ~ is ~ice~ by a ~ Se~icer o~er ~ ~e p~ch~er of ~e Note, me.gage Io~ se~ic~g obligafio~ to Bo~ower ~II r~n wi~ ~e ~ Se~icer or ~ t~ferr~ to a suc~sor ~ ~i~ ~d are not asked by ~e Nora p~h~er ~s o~e~e provided by ~e Note p~&agr. Nei~er Bo~ower nor L~der ~ cn~ce, jo~, or bejo~d ~ ~y judid~ ~on (~ eider ~ ~vid~ litig~t or ~e ~mber of a el~s) ~at ~s~ from ~e o~er p~'s actions p~s~t to ~s S~c~ ln~t or ~a~ ~eg~ ~ ~e o~er p~y h~ breached ~y provision of. or ~y du~ owM by reason of, ~ g~ ~m~t, ~1 such ~o~ow~ or ~nder h~ notified ~e o~er p~ (wi~ sa& nofig ~v~ ~ compli~ce wi~ ~e retirements o~ ~on 15) af such ~leg~ breach ~d ~ford~ ~e o~ p~y h~eto a ~onable period ~er ~e giv~g of su~ notice m t~e co~tive action. If Applicable ~w provides a t~0 pe~o~ w~ch must elap~ before ce~n action ~ be ~'a~en. ~t t~e ~od will be ~ed to be re.enable iht pu~s~ of ~s p~a~h. The notice of ~l~on ~d ep?o~ to c~c given to Bo~ow~ pursuit m S~6on 22 ~d no~igv of a~eleraR0n given to ~rrower pu~t to ~efian 18 sh~ he d~ m ~is~ ~e no,ce ~d oppo~ to co~ective action prov~ions of ~s ~c~on 20. 21. H~rdous $ub~c~. As ~ ~ ~is ~fion 21: (a) "~rdous Subs~ces" ~e ~ose ~bst~ defin~ ~ or h~o~ substance, poflut~, or w~tes by ~v~oam~t~ Law ~d ~e followhg subst~c~: g~olhe, ~rosene, fl~ahle or toxic petrOle~ products, toxic p~cid~ ~d herbicides, volatile mlv~m, ma~e~s con~nhg ~bestos or fo~dehyde, ~d radioac~ve ~re~s; ~) "Environ~ ~w~ me~ federal laws ~d laws of ~e jur~c~on where ~e ~pe~y is located that relate m he~, ~e~ or env~o~ent~ protec~on; (C) "Env~onmen~ Cl~up" ~clu~es any r~ponse ~tion, remedi~ action, ar r~ov~ gtlon, ~ defin~ ~ Envka~nt~ ~w; ~d (d) ~ "Enviro~ Condition" ~ans a ~ndi~ion ~ ~ cause, con~but~ m, or o~e~se ~figger ~ ~v~o~en~ CIe~. ~O~G-Single P~0y~Fan~e Mae~edflie ~c ~O~ IN~~T ~o~ 3051 1/01 ~age 9 of II pages) 2g-JUL-OS 12:08PM FI~OM- ~:)~0~ 0 08 ? 8 %505 P.027/074 F-073 Borrower shall not cause or pe~t fl~c presence, use, ~sa], storage, or release of ~y H~dous Subst~ces. or thr~ten to release ~y H~dous ~bstm~. on or in ~e Pro~. Bo~wer shill not do. nor ~ow ~yone el~e to do, ~y~Ng affecting the Prope~ (a) ~t is ~ violation or ~y Enviromentfl ~w, ~) which creates ~ ~v~omentfl Condition, or (c) which, due to the preener, use, or rele~e of a H~flous Subst~ce, cr~tes a condition tha~ adversely ~'f~ts Property. ~e pr~e~g two sentences shall not apply to ~e presence, ~. or storage on ~e ~openy of smfll qu~fifi~s of H~rflo~ Subst~e~ mat ~e g~etflly ~eeogn~d to be appropriate to no~al residentifl use~ ~fl to ~nten~ce Property (~elufling, but not l~il~ to. h~mflous subsets ~ ~nsumer pr~ue~). ~ower shill promptly give Lender ~mn notice of (a) ~y ~vestigadon. fla~. demand, laws~t or other action by my g~ve~entfl or re~l~to~ agency or private p~ ~vol~ng ~e ~ope~ ~d ~y H~z~tdous Subs~ce ~r ~vimnm~ntfl Law of which B~owet ~ aet~ knowledge, ~) ~y ~viro~ ~ndifion, includ~g but not l~ted to, ~y spilling, le~ing, disch~ge, release or ~eat ~f rele~e of ~y H~rflous ~bst~e~, ~d (c) ~y cnndifion caused by ~e presence, use or rele~e of a H~dous ~bstm~ wMeh adversely aff~ta ~e vflue ~f ~e Prope~. If B~ow~ le~s, or gove~entfl or regflat~ au~fity, or any priva~ p~y, ~at ~y ~movfl or o~er remediafion o~ ~y H~ardous ~bst~e~ aff~t~g ~e Pro~ is nereid. Bonower sh~ promptly ~e fll ne~s~ reme~fl ~tiom in a~rd~ce wifi ~vironmentfl ~w. Noth~g h~e~ sh~ creme ~y obligation on ~nder for ~ ~viro~en~ Clemup. NON-~I~O~ COVENANTS. Bo~ower ~fl ~nfler ~t corrupt ~d ag~ ~ f~llows: 22. Aeed~afion; Rem~. L~der ~ give nofi~ to Bor~w~ prior to ~ccfl~ation ~ollo~g ~rmwer's of ~y eov~nt or ag~ment ~ tMs Sec~i~ ~ent ~ut not pri~r to ~ccelerafion ~d~ ~tion 1~ unl~ Applleable Law pro~d~ oth~ise). ~e notice shall s~: (a) ~e defa~t; ~) the action r~ed to cure the flera~t; n~t less th~ ~0 days ~m ~he d~te the notice is ~ven m Borrower, by which the derail mint be cur~; and (fl) that f~o to c~e me de~a~t on or before the ~te s~fl~efl ~ the n~fi~ m~y rm~t ~ a~e~fion 8~ ~e th~ Security ~~t ~fl stir of the ~o~ty. ~e nofi~ shall [~ ~m Bo~ower ~f the right to tristate after ~cceleretion and ~e fi~t to bring a eo~ a~ion to a~e~ the non~en~ of a de~a~t or ~ other defoe oI Borrower to accdemtion ~d ~le. L~ the dffault ~ not c~ on or before ~e date ~ed ~ ~e notice, Lend~ at its option may r~ ~ediate pa~ent ~ ~ ~r all su~ s~ by t~ ~fity ~em ~out f~her demand] ~d invoke the power ct sale and any oth~ reme~ p~ by App~eable L~w. Lend~ shill be enfitl~ to esll~t ~s~ incu~ ~ p~su~g ~e r~edi~ prodd~ ~ ~s Section 22, ~du~, b~ not ~ted to, re~nable atto~ey~* ~e~ ~d en~ of title evid~ee. If L~der ~vok~ the power of sale, L~nd~ sh~ ~ve noti~ of inter t~ ror~ose to Borrow~ ~d to the p~on or the Pmpe~, ~ ~er~t, in aecor~ce ~ Appli~ble Law. L~flev ~1 ~ve notice Borrower ~ the m~ pro~d~ ~ S~fi~n 1~. ~der shall pub~h the ~tiee o~ sale, ~d ~e P~p~ shall be sold ~e m~n~ pr~cfibed by Appfieable Law. Lenfl~ or its fl~ee may p~ch~ ~e ~openy at ~y stir. The proceeds of ~ s~e sh~l ~ ~pplJed ~ ~e loBo~ng order: (a) to ~ ~ or the stir, ~du&g, but not l~ted to, r~sonable a~o~eys' fe~ ~) t~ all sums s~ed by t~ 8~ ~~t; ~fl (c) any exc~ to ~e person or p~o~ legflly ~tifl~ to it. 23. Rfl~e. Upon pay~nt of fll s~s s~ured by ~ ~ty I~nt, ~fler ~1 rfl~ ~ See~ity In, truant. Bo~ower sh~ pay ~y re~rdafion costs. Lender ~y ~ge Bo~ower ~ f~ for relying ~is ~ty Instrument, but only if me I~e i~ p~d to a third p~ for se~ie~ r~d~ed ~d ~e ~g~g of ~e fee ~ ~tt~ ~der Appli~le ~w. 24. W~vers. B~owet rfl~es ~d w~ves fll fi~ts under ~d by virtue of ~e homered ex,priori laws of Wyoming. WYOMXNG.-Singlc Fnmily-l~nnnie M~e/Freddie Mnc LIN/~ORM INSTRUMENT 20-JUL-05 12:08PM FROM- BY SIGNING BELOW, Bo~wer acccpo ad agr~s m me tc~s ad covets coutmed in ais Security Insm~n[ ad in ~y Rider executed by Bo~ower ~d recorded wi~ it. WiHles.q~fl; SI~.~ L. MCCLINTOCK .(S~l) -~lOtruw~r (s~) (.~a~) -IlOrrowcr -Batrower [Space Below This Line :For Acknowledgment] State of WYOMING Thc foregoing imqtn~ent was acknowledged 29TH day of JULY, 2005. Witness my hand and official seal. (Sc~I) My Comraisalon Exph'~: ~ before me by SHERRI L MCCLINTOCK, A SINGLE WOMAN this 1,/l.~ti~'-Publi%, r,~ , County of E~/~'.~ State ot My commission Expires Feb 11 2006 W~OMINC:~--.qingle Pamily-Fanni~ IVIne/l~rod~a Mac UNIFORM INSTRUMENT Form 3051 1/01 ~age 11 of ll pagex) 29-JUL-05 THIS ADJUST'ABLE RATE RIDER is made fi:ds 2PTH day of JULY, 2005, and is incorpora[ed into and shall be deemed i0 amend and supplememt the Mortgage, Deed of Tn.mt, or Deed to gecare Debt (the "Security kmm~nent") of ~he sarr~ date given by thc undersigned (the "Borrower") to secure the Borrower's Nme to DECISION ONE MORTGAGE COMPANY, LLC (the "Lender") of the. same date and covering the property described in the Security lnstmmem and located 214 EAST gTH AVENUEt AFTON, WYOMING 83110 [Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTERE~ RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE TILE BORROWER M0gT PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreernenrm made in the Se.curity Insa'am~.mt, Borrower and Lender ffirth~r covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGF.~ The Note provides for an initial interest rate of 6.50%. The Note provides for changes in the interest rate and the money payments, as follows: 4. INTEREST RATE AND MONTHLY PAYMENT CHANGEg (A) Change Dates The imer~st rate ! will pay may ~ange on the IgT day of AUGUST, 20{}7, and on that day every sixth month thereafter, Each Ca~e oa wbi~ my i~terest rate could change is called a "C"mmge Date." (B) The Index Beginning wi~ the first Ch~g¢ D~te, my intor~st ra~e will be basc~ on an Index. Tl~e "Index" is the average of interbank off, red rat~s for six-mon~ U.S. doLlar-d=aominated d~.~poaim in the London market ("LIBOR"), as published in The Wall ~treet .~o~rnal. The most roc~nt Index figure availabk: as of the firs~ business day orr he month immediately preceding the mom. h in which the Change Date occurs iz ~alled the "Currem Index." If tho Index is no longer avails~le, the Note Holder will choose, a new index th:~ is bas~ upon comparable information. The Note Holder will give me no~ce oftNs choice. (C) Calculation of Changes Before each Change Dare, the Note Holder will calcnlate my new ~nterest rate by adding FIVE AND ONE-HALF percentage points (5.5%) to the Current Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage pein! (0.12~%). Subject to the limits stated in Section 4(D) below, this rounded amoum will b~ my new interest rate until the next Charige Date, The Nora Holder will then de£ermir~ the mount of the montKly payment that would be sufficient to re.pay the unpaid principal that I am expected to owe at the Change Date. i.n fall on the maturity date ~t my new interest rate ia substantially equal paym~__ts, The result of this calculation will b~ the new nmnunt of my monthly payment. 29-JUL-05 (D) Limits on Interest Rate Changes The intcr~t rat~ I am required to pay at the fi.,zt Change Da~e will no[ be grcator than 9.50% or less than 6.50%. Thereafter, my interest rate will never be increaaed or decreased oa any single Ch~ge Date by more than ON~ percentage point (1%) from the rate of interest I have been paying for the preceding six months. My interest cate will never be greater than 12.50% t~r l~ss than 6.50%. (E) Effective Date o1' Changes My new interest rate will become effective on each Cha~ge Date. I will pay the amotmt of my new monthly payment heglnn!%o on the first monthly payment date after the Change Date until the amount of my monthly payment changes again. (1~ Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective date of any change. The notice will include information reqMred by law to be given to me and also the title and telephone number of a per~on who will answer any question I may have regarding the notice. TRANSFRR OF TFIZ: PROPERTY OR A BP.~NEFIC/AL INTEREST I:N BORROWER Uniform Covenant 18 0fthe Security Instrument is amended to read as follows: Transfer of the Property or u Beneficial Interest ia Borrower, As used ia this Section 18, "Interest in the Property" means any legal or beneficial Luterest in the Property, including, but not limited to, those beneficial interests transferroA in a bond for deed, contract for deed, ina'tallment sales contract or mc. row agreement, the intent of which is the mst'er of title by Borrower at a future date to a purchaser, If all ot any part of the Property or any Interest in the Propeay is sold or mmsferred (or if a Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior wriuen consent, Lender may require immediate payment in full of all sums ~*eured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise ia prohibited by Applicable Law. Leader also shall not exercise this option if: (a) Rorrower causes to be submitted to Lender information required by Lender to evaluate the intended transferee aa if a new loan were being made to the transferee; and (b) Lender reasonably detemaine$ that Lender's security will not be impaired by the loan assumption sad that the risk of a breach of any covenant or agreement in tlLiS Seo-urity Instrument is acceptable to Lender. To the extent permitted by Applicable Law, Lender may charge a reasomable tee as a condition to Lender's consent to the loan assumption. Lender may also require the transferee to sign an at.numption agreement that is aex~rable to Lender and that obligates thc transferee to. keep ail the promises and agreements made in the Note and in this Security Instrument. Borrower wig continue to be obligat~l under the Note and this Security Instnmaeut urfless Lender releases Borrower in writl~. If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice s~all provide a period o£not less than 30 days from the date the notice is given ia accordance with Section 15 within wMr. Ja Borrower must pay all sums secured by this S~"urity Instrument. If Borrower fails to pay these s~m~ prior to the expiration of this period, Leader may invoke any remedies permitted by this SecuriW Instrument without further notice or demand on Borrower. MI.ILTIS~A'I~. AID~IUSTAI~I.,E RATI~ IL1DItR (l,,llIOR lndr. x)--,~iaglc FamJly.-gn:a~, Mat MOD~z.~u zN'a"r~ Form ~1~ Init ~age 2 of] page. s) 12:0?PM FROM- . T-505 P.031/07'4 F-O?'3 BY SIGNING BELOW, Borrower accepts and agre~ to thc ~erms and covenants contaln~l in £his Adjustable Rate Rider. SHgRRI L. MCCLrNTOCK -]~rmw=r .(SEal) -~lorrower MU/~TISTATE, A.DJU.gTABLF. RAT'g RIDER "0088S Being a part of Lot 2 of Block 27 Of the Town of Alton in said Lincoln Co~ty; COmmencing Six (6) Rods East to ~e Northwest Comer of Lot 2 in Block 27 of the At, on Townsite Smwcy and rumm~g lhence East Four (4) Rods~ Thence South Eight (8) Rods, Thence West Four (4) Rods, Thenc~ North Eight (8) Rods to tho Pla~ o£Begim~g. This is a First Real Estate Mortgage recording concurently with a Second Real Estate Mortgage, in favor of Mortgage Electronic Registriation Systems, Inc., in the original amount of $19,200.00, dated July 29, 2005