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HomeMy WebLinkAbout914153 51220 (04) 3( t1 .;; ( 0!ì(~{~i 8 ".' ,) \. u.... {;1 Retum To: THE BANK OF STAR VALLEY 384 WASHINGTON STREET AFTON, WYOMING 83110 Attn.: Shipping Oept/Oocument Control Prepared By: RECE\VED 12/5/2005 at 11:14 AM RECEIVING # 914153 BOOK: 606 PAGE: 618 JEANNE WAGNER K KEMMERER, WY LlNCCJLN COUNTY CLER , [Space Above This Line Fur Recording Data] lYI0RTGAGE DEFlN[TIONS Words used in multiple sections of this document are defined below and other words arc detìned in Sections 3, I I, 13, [8, 20 and 21. Certain rules regarding the usage of words used in this docurnent are also provided in Section 16. (A) "Security Instrument" means this document, which is dated November 22, 2005, together with all Riders to this document. (B) "Borrower" is Joel W. Hoopes a single person. BOITower is the mOligagor under this Security Instrument. (C) "Lender" is THE BANK OF STAR VALLEY. Lender is a corporation organized and existing under the [a\\s of the State of WYOMING. Lender's address is 384 WASHINGTON STIŒET, AFTON, WYOMING 83110. Lender is the mortgagee under this Security Instrument. (0) "Note" means the promissory nnte signed by Borrower and dated November 22, 2005. The Note states that Borrower owes Lender Eighty One Thousand Three Hundred And 00/1 00 Dollars (U_S. $ !H,300.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than December 1, 2035. (E) "Property" means the property that is described below under the heading "Transf'cr of Rights in the: Property." (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Sccurity Instrumcnt, plus interest. (G) "Riders" means all Riders to this Security Instrument that are executed by Borruwer. The following Riders are to be executed by Borrower [check box as applicable]: WYOJ\lI!\'G-Single Family- Fannie Mae/Freddie j\lac UNIFORM INSTRUMENT Page 1 of 16 Form 3051 1/0 I ,_f . .---r /'} .. ~,. 1'(/ 11!l1Iab:-/~_ wyctd "'1."-'3' I' ~.. ~""; ¡"'J .~~. U'LLL·~LJ r, n Î', t.~ -I.. 0 "-' ',) L: u .1. J Retum To: THE BANK OF STAR VALLEY 384 WASHINGTON STREET AFTON, WYOMING 83110 Attn.: Shipping Dept/Document Control Prepared By: [ ] Adjustable Rate Rider [] Balloon Rider [ ] VA Rider [ ] Condominium Rider [ ] Planned Unit Development Rider [ ] Biweekly Payment Rider [ ] Second ¡lome Rider [] 1-4 Family Rider [ ] Other(s) [specify] (H) "Applicable Law" means all eontrolling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (I) "Community Assudation Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Prope11y by a condominium association, homeowners association or similar organization. (J ) "Electronic Funds Transfer" means any trans!i:r of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" means those items that are described in Section 3. (L) "l\liscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid uncleI' the coverages described in Section 5) for: (i) damage to, or destruction o( the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condcllJnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (lVl) "l\-Iortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts unckr Section 3 of this Security Instrument. (0) "RESPA" means the Real Eslate Settlement Procedures Act (12 U.S.c. Section 2601 et seq. ) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESP A" refers to aJl requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federaJly related mortgage loan" under RESPA. (P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN TIlE PROPERTY WYOMING-Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page 2 0 f 16 Form 3051 1/01 ~/!!I Initials:---; ~_~_ wyetd .~:j Ü ~l_ ~~i ::'.~, nnrc:",O ".' I..) \.~: U ~ ( This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modiíications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this PUll1ose, Borrower does he I cby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale', the following described property located in the County [Type of Re.:ording .Jurisdiction] of Liucoln [Name of Recording .Jurisdiction]: SEE "EXHIBIT A" ATTACHED HERETO AND I\lADE A PART HEREOF Parcel ID Number: 31190330046700 48 North Fairview Road Fairview [City], Wyoming 83119 [Zip Code] ("Property Address"): which currently has the addrcss of [Street] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hèrealler a part uf the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tille to the Property against all claims and demands, subject to any encumbrances of recurd. TH1S SECURITY INSTRUìvlENT combines uniform covenants for national use and non- unifol111 covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UN1FOITh1 COVENANTS. Borrower and I.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal ot~ and interest on, the debt evidenced by the Note and any prepayment charges and late charges due undcr the Note. Borrower shall also pay funds for Escrow Hems pursuant to Section 3. Payments due under the Note anù this Security lnslrull1ent shall be made in U.S. cunency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selecteù by Lender: (a) cash; (b) money order; (c) certitied check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution WYOMING-Single Family- Fannie Mae/Freddie Mac UNIFOHI\lINSTRUI\lENT Page 3 of 16 Form 3051 1/01 Initials: ._.~;4 ~ .. " n r (!: (; 1· '.' ...1 \. U t:. '...',.,'.', ~~ ,-:6 whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section IS. Lender may return any payment or partial payment if the payment or partial payments arc insufticient to bring the Loan CUlTent. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hercunder or prej udice to its rights to refuse sud1 payment or patiial payments in the fUlun;, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or relum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Pl"Oceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall 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 Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suftìcient amount to pay any late charge due, the payment may be applied to the ddinljuent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and [0 the extent that, each payment can be paid in full. To the extent that any excess exists atìer the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal dne under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "funds" ) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property;. (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow WYOMING-Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page 4 of 16 Form 30511/01 - . .'¡{ - }' 'j Initials!, . /' !--. 1\ (', G (~ t') ~. I,) t: ":~ ~ S3 Items at any time. Any such waiver may enly be in writing. [n the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Hems for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such paymi.:nt within such time period as Li.:nder may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a COVl'nant and agreement contained in this Security Instrument, as the phrase" covenant and agreemcnt" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lt.:nder any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon su.:h revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lcnder to apply the Funds at the time specified under Rr~::;P!\, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable ëstimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Ikms no later than the time speciticd under RESP A. Lender shall not charge Borrower for holding ,1Ild applying the Funds, annually analyzing the escrow account, or verifying the Escrow Itcms, unlcss Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lcnder shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agrc:e in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as ddined under RESP A, Lender shall account to Borrower for the excess funds in accordance with RESP A. If there is a shortage of funds hdd in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESP A , but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as detined under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the deìiciency in accordance with RESP A, but in no mor(; than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, tines, and impositions attributable to the Property which can attain priority over this Security Instnllnent, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal procecdings which in Lcmler's WYOMING-Single Family- Fannie Mae/Freddie I\lac UNIFORM JNSTIWl\tENT Page 5 of 16 Flinn ~g;i;,..I/,~1 /' /' -~,:~:? InitiaIs-~~...~ç// /~ ~ .../ S~j ,. !Ì C' ':' (~ ') -.,j . Ü<." J opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such plUceedings arc concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lenckr subordinating the lien to this Security Instrument. If Lemkr determines that any part of the Property is subject to a licn which can attain priority over this Security Instrull\"nt, L"nder may give Borrower a notice identifying the lien. \V ¡thin I 0 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may r"quire Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lemler in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "cxknLled coverage," and any other hazards including, but not limikd to, carthqu3kes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. W hat Lender requir"s pursuant to the preceding sentences can change during the tenn of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Bonower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, cel1ificalion and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time rcmappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. I f Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate ¡i-om the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, ami shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lemler as mortgagee and/or as an additional loss payee. 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 Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration WYOMING-Single Family· Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page 6 of 16 /~'i Fornl,30)1 I/O 1 ,..-/ .-<,";/ >( ,-/,/7 Inilials::?'-' 'Y / --~- , , \..:..Ji '. ,'. (I r· ''''':' :', '1· '. ',j .. Ü <., L C"'j :..J¡UJ period, Lemler shall have the right to hold such insurance proceeds until Lender has ¡wd an opportunity to inspel'l such Property to ensure the work has been completed to Lender's satisfactiun, provided that such inspection shall be un(krtaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is cornplekd. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bon'ower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of BOlTower. If the restoration or repair is nul economically feasible or Lender's security Ivould be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not thcn due, with the excess, if any, paid tu Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may tile, negotiate and settle any available insurance claim and related matters. If BOlTower does not respond within 30 days to a notice from Leneler that the insurance carrier has otTereel to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under ,tit insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Propertv. Lender may use the insurance pruceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the executil)!) of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Prope11y, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Properiy from deteriorating or deCl'easing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasibJe, Borrower shall promptly repair the Property if damaged to a\'oid Curther deterioration or damage. If insurance or condemnation proceeds arc paid in connection with damage to, or the taking of, the Property, Bon'ower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relievcd of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. I fit has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give 13011'ower notice at the time: ,)f or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bon'ower or any persons or entities acting at the direction of Borrower or with WYOMING-Single Family- Fannie J\lae/Freddie Mac UNIFORM INSTRUMENT Page 7 of 16 Form :j!5) 1/01 .' // // z:...,/ rnilials~/ "'/ 7----~ ,--., /Ì r:-' ". r~~ '. ',) ~J U ::.. J d.}.__ :::..''''' ,,;¡ '1-. ,-j;4(.j Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Matt:rial representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Intcrest in the PropeJ"ty and Rights Undcr this Security Instrument. If (a) Borrower fails to pcrform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might signifícantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probatc, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to makt~ repairs, change Incks, replace nr board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligalinn to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shaJl become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and thc fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurancc. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shan pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the 1\10rtgage Insurance coverage required by Lender ceases to be available from [he mortgage insurer that prev iously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shalJ pay tlte premiums required to obtain coverage substantially equivalent to the Mortgage Insurance pn:viously in effect, at a cost substantialJy equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, fì'om an aItemate mortgage insurer selected by Lender. If substantiaJly equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lellder the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender wiJl accept, use and retain these payments as a non-refundable loss reserve in lieu or 1\1nrlgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in fulJ, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve, Lender can no longc:!' require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by LCllLler again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making WYOMING-Single Family- Fannie J\lac/Freddie J\lac UNIFORM INSTRUJ\IENT Page 8 of 16 Furm 395) ;/1/01 //, /':/j'/ ( ",,'r Inilia~~ '" Ii ¡ /'::';,~{~.S3 (' :~ r I~ ) {~ '. ~./ \_' U .-~ v the Loan and Borrower was required to make separately designated payments toward the premiums for ¡vlortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Jnsurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance wilh any written agreement between Borrower and Lender providing for such termination or until tcrmination is required by Applicable law. Nothing in this Section] 0 afkets Borrower's obligation to pay interest at the rat.: provided in the Note, Mortgage Insurance reimburses Lender (or any enlity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed, Borrower is not a party to the Morlgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force iì'om timc to time, and may enter into agreements with other paliies that share or modify their risk, or r.:duce losses. Thl'se agreements are on terms and conditions that arc satisfactory to the morlgage insurer and the other parly (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the l1lortgage insurer may have available (which may include funds obtained from Mortgage Insuranct;; premiums), As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any olher entity, or any affiliate of any of the 1~Jregoing, may receive (lhreclly or indirectly) amounts that derive from (or llIight be L'haractel ilcd as) a portion of Borrowc:r's payments I'm Mortgage Insurance, in exchange for sharing or l1lodifyiug the mortgage insurer's risk, or reducing losses. If such agreement provides that an aftiliate of Lender takes a share of {he insurer's risk in exchange for a share of the premiums paid to the insurer, lhe arrangement is onen termed "captive reinsurance." Further: (a) Any such agreements will not affect the all10unts that BOlTower has agreed to pay for 1\-lortgage Insurance, or any other terms of thc Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homcowncl's Protection Act of 1998 or any other law. These rights may include the right to rcceive certain disclosures, to rcqul'st and obtain cancellation of thc Mortgage Insurance, to have the Mortgagc Insunll1ce tcrminated automatically, and/or to receive a refund of any 1\-lortgage Insurance pn~miulII' that wcre IInealïH~d at thc time of sllch cancellation or termination. 11. Assignment of Miscellaneolls Proceeds; Forfeiture. ;\11 Miscellaneous Proceeds arc hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically [i;asible and Lemler's security is nut lessened. During such repair and n:storation period, Lender shall have lhe right to hold such Miscellaneous Proceeds until Lender has had an upportunity to inspcct such Property to ensure the work has been completed tu Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay fur the repairs and restoration in a singk disbursement or in a series of progress paymt'nts as the work is completed Unless an agreement is made in wriling or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if WYOMING·Single Family- F,Ulnie l\lac/Frcddie l\lac UNIFORM INSTRUMENT Page 9 of 16 Form 30;W'j'jO 1 //~t;j>l InilialS:Y2"--.L_ ~: ; '_l Ii L "''1 ..},'-"" n ,.""t""' /-, (", C" Ú ".~, · ''oj '.. . any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for In Section 2. In the event of a total taking, destruction, or loss in value of the Property, the t'vliscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In thc event of a partial taking, destruction, or loss in value of the Properl" in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the Stllns secured by this Security Instrument immediately before the pa!iial taking, dest!1lction, or loss in value, unless Borrower ami Lender otherwise agree in writing, the sums secured by this Security Instrumellt shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the Stllns secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Prope!iy immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or luss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is kss than the amount of the Stllns secured immediat<.:ly before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agrcc ill writing, the Miscellancous Procceds shall be applied to the sums secured by this Security Instrument whether or not the stnns arc then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days atier the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the stllns secured by this Security Instrument, whethèr or not thèn due. "Opposing P:uiy" means the third party that owes Borrower Miscellanèous Proceeds or the party against whom Borrower has a right of action in regard to Ivliscellaneous Proceeds. Borrower shall be in dèfault if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impainnent of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing thL' action or proceeding to be dismissed with a ruling that, in Lendc'r's judgment, precludes forfeiture of thc Plupaty or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or cl,lÎm for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applicd in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or moditìcation of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Inkrest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in WYOMING-Single Family- Fannie Mae/Freddie Mac UNIFORi\1 INSTRUMENT Page 10 uf t6 Form 3QSr't/OI ./' /<?: In¡lials:7"~k~ ... . , ~ ÿ- ",: c,' '.{ .'_':O.J¡~ ," 'ìn /... ", ..' "·1,',' ·0 . ,/. V -:. 0 amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signet·s; Successor s and Assigns Bound. Borrow.:r covenants and agrees that Borrower's obligatiul1S :jf]d liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject tu the prLJvisions of Section J g, :111)' Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instnllllellt in writing, and is approved by Lender, shall obtain all of Borrower's rights and benetìts under this Security Instrument. Borrower shall not be released from Borrower's obligations and ]iability under this Security Instrument unless Lellder agrees to such release in writing. The covenants and agreements of this Security Instrument slla]1 bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for sèl'vices performed in clIlIllection with Borrower's defauJt, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspectioJl MId valuation fees. [n regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender lIlay not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges col!.:ctc:d or to be collected in connection with [he Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amuunt necessary to reduce the charge to the permitted limit; and (b) any SIIl115 already collected [i'om BOITower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment withuut any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arisiug out of such overcharge. ] 5. Notices. All notices given by Borruwer or Lender in connectiun with this Security Instrument must be in writing. Any nDtice to Borrower in connection with this Sccurity Instrument shall be deemed tD have been given to Bormwer when mailed by tìrst elass mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any onc Borrower shall constitute notice to all Borrowers unless Applicable La \I' expressly requires otherwise. The nDlice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change Df addrcss. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in conneetion with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. ¡fany notice required by this WYOMING-Single: !-amily- Fanllic Mae/Freddie ]\Iac UNIFOHM ]NSTHUMENT Page II of 16 Form 305].)!tJl Ini[iaIS:/;~~:~;~_ ,/ ('. !Ì, (', '-:' ,', 9 _ r \ \ , (,', ~ ". '.' ~..' '.. U ..'..... , _:!'~.~]~j Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument 16. Governing Law; Severability; Rnks of Construction. This Security Instrument shall be governed by t'c>deral law and the law of the jurisdiction in which the Property is located. A II rights and obligations containt:d in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall Inean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action, 17. Borrower's Copy, Borrower shall be given one copy of the Note and of this Security Instrument 18, Transfer of the Property or a ßenelicial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or benetìcial interest in the Property, including, but not limited to, those benetìcial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transkr of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is soId or transferred (or if Borrower is not a natural person and a benefìcial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lemkr shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. J r Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right tu Heinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) tìve days before sat.: of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the tel111ination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. T hose conditions ar.: that BOlTower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any defaldt of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of prOle-ding Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Sccurity Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as sekcted by Lender: (a) cash; (b) money order; (c) certitìed check, bank check, treasurer's WYOMING-Single Family- Fannie ì\Iae/Freddie Mac UNIFORM INSTHUì\IENT Page 12 of 16 Form 30~~)ÎO s. . //.;:;{/ InItials:. y.- ..- /~_n__ / ", " 0 ,". "\ ,-... !. " I , '~. (,; \ ; U ;j ~,~ '", ";'," -' J' S~'.1 check or cashier's check, provickd any such check is drawn upon an institution whose dcposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatcment by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the: ease of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Sec:urity Instrument) can be sold one or more times without prior notiœ to Borrower. A sale might result in a c:hange in the entity (known as the "Loan Serviccr" ) that cullec:ts Periodic Payments due lIllder the Note and this Security Instrument and pcrforms other mortgage loan servicing obligatiuns ulllkr the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borroller will be given written notice of the change which will state the name and address of the new Loan ServiceI', the address to which payments should be made and any other information RESP A requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan ServiceI' other than the purchas'èr of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan ServiceI' or be transferred to a successor Loan ServiceI' and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that aJleges that the tJther party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lendc'r has notified thl~ tJther party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reaslmable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the uotice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective actÎnn provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other tlalllll1able or toxic pttroleum products, toxic pesticides and hcrbicides, \'olatile solvents, l1lakrials containing asbestos or formaldehydc, and radioactive materials; (b) "Envirunmental Law" m(~ans federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a cundition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, stl¡rage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Pruperty. Borrower shall not do, nor allow anyone els.:: to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creales an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely afl'c:tts the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of IlJzardous Substances that are generally rccognized to be WYOMING-Single Fall1ily- Fannie Mae/Freddie Mac Ul\'IFORl\lINSTRUMENT Page 13 of 16 '-ï Form 395J)101 /'><// III i t i a I s·;' ,...-~,,"/'''~,/ r----)/ \~,J ,_ .c-;; ".' ,~,,-J r' '-'. r. (' n .µ '.' f,) 'hI U '-~ ..L appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). BOlTower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, kaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Propetiy is necessary, Bon-ower shall promptly take all necessary remedial actions in accordance with Enviroumental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrulllent (hut not prior to acceleration under Section 18 unless Applicable Law provides othel"\vise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specitied in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specilied in the notiee, Lender at its option 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 rellll'dies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lcnder shall give notice of intent to foreclose to Borrower and to the per son in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the mannel' provided in Section 15, Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attomeys' fees; (b) to all sums secured by this Security Instnllnent; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lcnder shall release this Security Instrument. Borrower shall pay any reconlation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but on]y if the tèe is paid to a third party for services rendered and the charging of the fee is permitted und.:! Applicabk Law. 24. \Vaivers. Bon-ower releases and waives all rights under and by virtue of lhe homestead exemption laws of Wyoming. WYOMING-Single Family- Fannie MadFreddie 1\lac UNIFORJ\1 INSTRUMENT Page 14 of 16 /"'¡ Form 3f~§1 1/01, /C>/ Initials:"-:" r._ )" ___ '1' , I" "~ - ,-,- c~"""" ...J¡ ...:b (' I~.. r. (' r~ 0 ',..I \~' U;J t." BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. '7 // , ~,i /'.>" // ././" , ".". ../'../ .. "..".,.' " -~\~ ~--~,./ >"{'-j"'------ ;-f{¡C't \V:Hoopcs / Witnesses: (Seal) -Borrower (Seal) -Borrower (Seal) - Borrower (Seal) -Borrower WYOMING-Single Family- Fannie l\lae/Freddie J\ ¡¡C UNIFORM INSTRlIl\1ENT Page 15 of 16 Form 3051 1101 ~i,J¡ ~-. 1-', I.... ,~"'"' l""\ r) , ',; ': iO _' ..) STATE OF WYOMING, ! //\t (VA/county 55:_ ;2', ")' ,,( ,(. -1/ ") I.) I' Y "I' ¿I¡)£.- The foregoing instrument was acknowledged before me this ---¡::.' -£( I~[/V. by Joel W. Hoopes tv1y Commission Expires: ;;J -I ",)0 is-:} /') . i...// /1 / '/. /,1 /-,.(, ,,, , / C/ ,d/ft:;// L~} '7 fl! {' f" ~tary Public / U . ( / -,.,./ 'V';;;;-':::~<~::;;::--~::"':,,::;;.:.::::;::,..::::: ,., ;'::;::":~~;"-J-'\ " MIÑ¡)y L\'i,Ú'Jj ,s:;-..., Nüldry Public ~~:'q".. ~ . County 01 ' 'it!i!\!&~ ' Slate or Lincoln ¡;:/li": r, Wyorning L=~_~;!,,~~ ,-~_.....,--,-----...,,_.....-..---- WYOMING-Single Family- Fannie Mae/Freddie Mac UNIFORJ\IINSTRUMENT Page 16 of 16 Form 3~.~J 1101 //'/(' I . , I ~. ) ¡', Billa s~~~_~._ c:''',f ~ '"Jj !,~;OC:J4 A portion of the SE1/4SW1I4 of Section 3, T31N, Rl 19W of the 6th P.M., North of Fairvièw: Lincoln County, Wyoming, being mOfè particularly described as follows: BEGINNING at an iron pipe set at a point in thè Somh line of said SE 1I4SWl/4, said point being 344.84 feet N 89°59'05" W, along said South Line from the B.L.M. type monument (Spike on Surface) marking the Southeast comer of said SE1/4SW1I4; thence N 89°59'05" W, continuing along said South line, 250.01 feet, to an iron pipe set; thence North 176.68 feet to an iron pipe set; thence S 88°20' 53" E, 253.62 feet to an iron pipe set; thence SOl ° 10' 57" W, 169.48 feet to the point of beginning. "' ~~