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HomeMy WebLinkAbout914606 50916 (04J, nn'\(,)l '. I f: ( ; \..' '..' v·....t fPc]) After rc(:ording please return to: OHIO SAVINGS BANK ATI'N: fX)ClJMENI' CONTROL [Company Name] [Name of Natural Person] RECEIVED 12/21/2005 at 10:17 AM RECEIVING # 914606 BOOK: 608 PAGE: 21 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 1111 CHESTER AVE [Street Address] CLEVELAND, OH 44114 [City, State Zip Code] [Space Above This Line For Recording Data] MORTGAGE ~IN 100162500058954018 DEFINITIONS Words used in mulliple sections oftlùs document 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 tlùs document are also provided in Section 16, 3 (A) ¡¡Security Instrument" means tlùs document, which is dated together with all Riders to tlùs document. December IS, 2005 "'\ 0, I (B) ¡¡Borrower" is WILLIAM 'l'AYIDR AND RUI'HANNE R. TAYIDR" ~ MARRIED COOPLE /aka William R. Taylor ~ ,/1 / ¡! . ~i ,"'" n Ii , Borrower is the mortgagor under Ihis Security Instnullent. (C) "~ERS" is Mortgage ElectroIÙc Registration Systems, Il1c, MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. ~ERS is the mortgagee under this Security Instrument. MERS is organized and existing lU1der the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. CD) "Lender" is WYNDHAM CAPITAL mR'IGAGE, INC. Lender is a corporation THE STKrE OF NÓRTH CAROLINA Lender's address is SUITE 500, CHARI.J:JrI'E, NC 28217 LOAN NUMBER: 5895401 Wyonùng Mortgage-Single Family-Fannie !\-lae/Fl'eddle Mac UNUlOlu\llNSTRUMENT -TIfE COMPLIANCE SOURCE, lNC.- Page 1 of 14 wwwcomp~c<'ollIcecOlll II~IIIII!~ I~ l~li II1I m~ m~ !~IIIIIII:IIIIII~ 11111 ~~ æl organized and existÎng under the laws of 2709 WATER RIŒE PARKWAY MEns Modüied Fonn 3051 OllOI lH01WY 08/00 02000, TIlt:: ComptiaJ1Cè Bourct:, lne " £"' '" ,:C' ""¡"',i-'''UU'U ~J J Ciu "å' .I' /Î n r; q ) \", '.) ,j v ,(.,,..,, (E) "Note" means the promissory note signed by Borrower and dated December 15, 2005 The Note states that Borrower owes Lender four hundred seventeen thousand and NO/100ths Dollars (U.S,$ 417,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later thml January 1, 2036 . (F) "Property" means the property that is described below under the headi\1g "Transfer of Rights in the Property," (G) "Loan" means the debt evidenced by tlle Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under tllis Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instnmlent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: o Adjustable Rate Rider o Balloon Rider o 1-4 Family Rider o Other(s) [specify] o Condomirùum Rider o PlaIUled Unit Development Rider o Revocable Tmst Rider o Second Home Rider o Biweekly Payment Rider (I) "Applicable Law" means aU controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (tllat have the effect of law) as well as aU applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges thaI are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization, (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draf1, or similar paper instmment, which is initiated through an electronic terminal, telephonic instmment, computer, or magnetic tape so as to order, instruct, or authorize a financial inslitlltion to debit or credit an account. Such tenn includes, but is not limited to, þoint-of-sale transfers, automated teller machine transactions, transfers irùtiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items tlIat are described in Section 3. (M) "Miscellaneous PI"oceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than ùlsurance proceeds paid UIlder the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value andlor condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan, (0) "Periodic Payment" means the regularly scheduled ainount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instnllnent. LOAN NUMBER: 5895401 Wyoming Mortga¡:e-Single Family-Farmie Mae/l'reddie Mac UNIFORM INSTRUl\ŒNT -THE COMPLIANCE SOURCE, INc.- Page 2 of 14 """w coOll'liilllCMUIcc,com I ill~1 ~~ 1M 111111~11111 ~I~ ~ 11~lli~ll~i lilil mill MERS Modilied Fonn 3051 01/01 HJOIWY 08/00 02000, '[1lê CompliaJ1cç SOUrce, lne , > f' 1"6 "'",1 ",'," :2 III" ,L'~:UÜ I~ n ,~ .... J~ , \ I I I 1" ,1 .. '0) \_. \....! <... (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U,S,c. §260l et seq.) and its implementing regulation, Regulation X (24 C.F.R Part 3500), as they might be amended rrom time to time, or any additional or successor legislation or regulation that governs the same subject matter, As used in this Security Instrument, "RESPA" refers to all requirements émd restrictions that are imposed in regqrd to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" tmder RESP A. (Q) "Successor in Interest of Borrower" means any party that has mken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instnllhent. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns ofMERS, with power of sale, Ihe following described property located in the County of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] SEE KITACHED EXHIBIT A FREElX)M , Wyoming 39 SANDHILL lANE [Street] 83120 ("Property Address"): [Zip Code] which currently has the address of [City] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurteruUlces, and fixtures now or hereafter a part of the property. All replacements and addilions shall also be covered by this Security Instrwnent. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower underslands and agrees that MERS holds only legal tide to the interests granted by Borrower in Ihis Security Instrument, but, if necessary to comply with law or cllstom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take ¡my action required of Lender including, but not limited to, releasing and canceling this Security Instrwnent. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed aIld has the right to mortgage, gnmt and convey the Property and that the Property is unencumbered, except for encumbrances of record, Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. lJÜAN NUMBER: 5895401 Wyoming J'vIOI-tgage·8ingle Family-Famue Mae/l" 'eddie Mac UNl.FORM INSTRUMENT -TilE COMPLIANCE SOURCE, INC.- I'age 3 of 14 www.comPtianccsourco.coml~~~ ~i~ I~I ~ill m ~II! II~ ~I ~llllillllllll tl~ IIIII ~II MERS Moditied 1"01"111 3051 01/111 H30lWY 08/ÜO ©:woo~ TII¿ COH1plÙ:UH:t: SÛUICt, Inc. " "' [' 6' ",', 'l,:~' ,¡ I" ,:~·::,,:U<..JI r r. "¡ ,"'\ ql" "~..,. \) t.,. f;.) .(. ¿- THIS SECURITY INSTRUMENT combines uniform covenants for national use and nOlHmiform covenants wìth lìmited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows: 1. Payment of PrinCÎIJal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note, Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S, currency, 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 selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided ¡my such check is drawn upon an institution whose deposils 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 lnay be designated by Lender in accordance with the notice provisions iu Section IS, Lender JIlay return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepled, If each Periodic Payment is appliecl as of its scheduled due date, then Lender need not pay interest on unapplied f1mds, 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 shal} either apply such funds or return 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 Instrwnent or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. 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 sufficient amount to pay any late charge due, the payment may be applied to the delinqnent 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 to the extent I1mt, each payment can be paid in f1lll. To the extent that any excess exists after the payment is applied to the fnll 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 descdbed in tIle Note, Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escl'ow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until tIle 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 Seclion 5; and (d) Mortgage Insurance prem.iums, if any, or any sUlns payable by Borrower to Lender in lieu of the payment of Mortgage Insunmce premimns in accordance with the provisions of Section 10, These items are called "Escrow Items." At originalion or at any time d~uing the tenn of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, LOAN~: 5895401 Wyonùng MOI-tgage-Single Family-Famlie Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 4 of 14 wwwcomplianceSOl~Cècom 111M II~ Illll itJ! lilil ~~III~ IIII ~~i 11111~III~il mil BI ¡\-IERS ModiJïed Fol'lu 3051 (11/01 14301 WY 08/00 02000, Thç Compliance SOUfCè, Ù1C. , :";GüG ("' (-; ("1 /~~ f ~ r~ "." '...) \~.J ;.,) :_' U and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly fì.lrnish to Lender all notices of amounts to be paid lInder 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 Items at any time. Any such waiver may only be in writing, In the event of such waiver, Borrower shall pay directly, when and where payable, the amounls 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 payment within such timí( period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instmment, as the phrase "covenant and agreement" 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 JIIay exercise ils rights lmder Section 9 and pay such illuount and BOlTower shall then be obligated under Section 9 to repay to Lender 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 such revocation, Borrower shall pay to Lender all Funds, and in such amounls, that are then required under this Seclion 3. Lender may, at any time, collect ,md hold FWlds in an aJUount (a) sufficient to permit Lender to apply the Funds at the lime specified under RESPA, illld (b) not to exceed the maximum amOlmt a lender can require under RESP A. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures offulure Escrow Items or otherwise in accordance with Applicable Law, The Funds shall be held in an instituIion whose deposits are insured by a federal agency, instmmentality, or entity (including Lender, if Lender is an instil11tion whose deposits are so insured) or in ill1Y Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Hems no later than the time specified under RESP A. Lender shall not charge Borrower for holding and applying the Funds, almually ill1alyzing the escrow account, or verifying the Escrow Items, unless 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 tlle Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds, Borrower and Lender can agTee 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 RESP A. If there is a surplus of Funds held in escrow, as defined underRESP A, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined 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 shortage in accordance with RESPA, but in no more tltan 12 monthly payments, If there is a deficiency of Funds held in escrow, as defined under RESP A, Lender shall notify Borrower as required by RESPA, and Borrower sha1l pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more tl13n 12 monthly payments, Upon payment in full of all sums secured by this Security Instnunent, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, cl13rges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent tl13t these items are Escrow Items, BOlTower shall pay them in the manner provided in Section 3, Borrower sl131l promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in wriling to the payment of the obligation secured by the lien in a maImer acceptable to Lender, but 9nIy so long as Borrower is performing slIch agreement; (b) contests tlle lien in good faith by, or defends agcµnst enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the eItforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures froJn the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines tl131 allY part of the Property is subject to a lien which can attain priority over tllis Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on wllich WAN NUMBER: 5895401 Wyoming MOl1gage·Sillgle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -THE C0J\11'UANCE Som~cE, INC.- Page 5 of 14 www,cocnpliancesourcococn 11100 ~i~ ~ ~llli~ I~ W~ i~ 1IIIIIili ~I~ lililll~11 MERS l\lodüied FOI"IIl 3U51 01/01 14301WY 08100 02000, l11e COmpli<í11Cc Sourœ, Inc. " "r"nc __.. .' ';-~~ 't.1IUi U I~ ,... .~ ," G \'..: . ,.. ',) \~I 1.0' ;~~.. that notice is given, Borrower shall satisfy the lien or take one or more of the actions set fortll above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with tllÍs Loan. 5. PrOI)erty Insurance. Borrower shall keep tlle improvements now existing or hereafter erected on tlle Property insured against loss by fire, hazards included witllin the term "extended coverage," and any other hazards including, but not limited to, earlhquakes and floods, for which Lender requires insuJ1mce. ll1Ìs insurance shall be maintained in tlle amounts (including deductible levels) and for the periods that Lender requires, What Lender requires pursuanl to the preceding sentences can change during the teon 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 Borrower to pay, in cOImection with this Loan, either: (a) a one-time charge for flood zone deternùnation, certification and trdcking services; or (b) a one-time charge for flood zone deternú.nation and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such delermination or certification, Borrower shall also be responsible for tlle payment of any fees imposed by the Federal Emergency Management Agency in connection with tlle review of any flood zone detecnúnaÜon resulting from an objection by BOITower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's oplion 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 tltan was previously in effect. Borrower acknowledges that tlle cost of the insurance coverage so obtained might significantly exceed the cost of insurance tlmt Borrower could have obtained, Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security InslrumenL 11lese amounts sluùl bear interest at tlle Note rate from the date of disbursement and shall be payable, with such interest, upon notice fTom 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 st¡mdard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shallltave 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 ¡md shall name Lender as mortgagee and/or as ¡m additional loss payee, In the event of loss, Borrower shall give prompt notice to the insurance c¡¡rrier 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 period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportm1Ìty to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken 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 completed, 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 Borrower 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 Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secmed by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has LOAN NUMBER: 5895401 Wyoming I\I0/1gage-Single Family-Fannie Mac/Freddie Mac lINIFORM INSTRUMENT -TUE COMPLIANCE Souun:, INC.- PIIge 6 of 14 www,compliill,ceooUIc<com 1IIIm ~!IIIII Ilillllllllmllllll illlll~II¡~IIIIIIIII~ ~~ I MERS Modilicd }<'01"1II 3051 01101 14301 W Y O~/UO 02000, 'nle Çompliiinœ SOlW'::':, Inc. ~-',PJ," ,t},UU (" n ~ '~',r j t'j ".' :.) li C./ .~. í offered to sellle a claim, then Lender may negotiate and settle the claim. TIle 30-day period will begin when the no(Ìce is given. In either event, or if Lender acquires the Properly under Seclion 22 or oÙlerwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in ,111 al110llnl not to exceed the amounts unpaid under Lhe Note or this Security Instrument, and (b) any olher of Borrower's rights (other ùlan the right to any refund of unearned premimns paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property, Lender may use the insurance proceeds either to repair or restore Ùle Property or to pay amounts unpaid lmder the Note or this Security InsLnunent, whether or not tllen dUe. 6. OCCUI)ancy. Borrower shall occupy, eSlablish, and use the ProperLy as Borrower's principal residence within 60 days after the execulion of this Security InslnunenL and shall conLinue 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 wiLhheld, 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 Ùle Property, allow the Properly to deteriorate or commit waste on the ProperLy, Whcther or not Borrower is residing in the Property, Borrower shall maintain the ProperLy in order to prevent the Property from deteriorating or decreasing in value due to its condilion. Unless iL is determined pursuant to Section 5 Ùmt repair or resloration is not economically feasible, Borrower shall promptly repair the Properly if damaged to avoid further deterioration or damage, If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall bc responsible for repairing or restoring the Property only if Lender has released proceeds for such plUposes. Lender may disburse proceeds for the repairs and reslomtion in a single payment or in a series of progress payments as the work is completed, If the insurance or condemnation proceeds are nol sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the complelion of such repair or restoration, Lender or iLs agent may make reasonable entries upon and inspections of the Property, If it has reasonable cause, Lender may inspcct the interior of thé improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspeclion specitying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or wiLh 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. Material 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 Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perfornl the COVeI1éUlts and agreements contained in this Securily Instrument, (b) there is a legal proceeding that might sigfÙficantly affect Lender's inlerest in the Property and/or rights under tlùs Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over tIùs 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 appropriale 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 Properly, Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien wlùch has priority over this Security Instrument; (b) appearing in court; ,md (c) paying reasonable attorneys' fees to proLect 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 linùted to, entering tile Property to make repairs, change locks, replace or 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 lmder this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under Ihis Section 9. LOAN NUMBER; 5895401 Wyoming Mortgage-Single Fa¡nìly·Famue l\{ae!l"I-eddie Mac UNIFORM INS'fRUM1<:NT -THE COMPLIANCE SOURCE, INc.- 1)age 7 of 14 wwwcomplianCèsoUIco,COIll II~I~ 11~lllljlllill ~11111~1 ~lll illll~ lilllllllllljlll~lll~ MERS Moditied I,'onu 3051 01101 HJOl WY 08100 02000, The CompliiUlCè Somet;. Inc 06 ," ,'I '1 ,~, (, 8 -'.. '\..1 ~....I !;.../ .~. -. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate fTOm Ùle date of disbursement emd shall be payable, with such interest, upon notice from Lender to Borrower requestillg payment. If this Security Instrwnent 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 the fee title shall not merge uoless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insumnce in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insur,mce previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effecl, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased 10 be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance, Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is lùtimately paid in full, and Lender shall not be required to pay Borrower any interest or eanúngs on such loss reserve, Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated paymerHs toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments loward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance Witll any written agreement between Borrower and Lender providing for such temúnation or until tennination is required by Applicable Law, Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or emy entity 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 Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insUI1wce in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on tenns and condilions that are satisfactory to the mortgage insurer éUld the other party (or parties) to these agreements, These agreements lnay require the mortgage insurer to make payments using any source of flmds that the mortgage insurer may have available (which may include flmds obtained from Mortgage Insurance premiums), As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often tenned "captive rcinsuI1Ince." Fw1her: (a) Any such agreements wiU not affcct the amounts that Borrower has agl-œd to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle BOITower to any refund. (b) An)' such agl'eemcnts will not affcct the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive celiain disclosul'es, to request and obtain canceUation of the Mortgage Insurance, to have the MOIigage Insul'ance tel'minated automatically, and/or to I'cceive a refund of any Mortgage InsUl'ance I)remiums that were une¡.rned at the time of such cancellation or t~I'mination, LOAN NUMBER: 5895401 Wyoming MOltgage,Síngle FamÎly,llanlúe MaelF.-cddie Mac UNiFORM lNSTlHJl\ŒN'l' -Tru<: Cot.rPLlANcE SOLJRCE,lNC.- l)age II of 14 IVWIV cOl\lpliancesoUICècolll 111I~1 ~¡IIII~IIß! ~~ ~~i III~ I~ ~~i Illillll! 1¡li ~ ~ MERS J\lodÜicd I<'onn 3051 01101 HJOIWY 08100 02000, 11lç Complianct.: SOurCè, Inc. ';\,:} _,'~hÜG '-' (', ,~, r· t"J' i, ~ , i ( . / ~..' .... '"'-. .....J .... \. 11. Assigllll1~l)t of Miscellaneous Proceeds; Fodciture. All Miscellaileous Proceeds are llereby assigiled to and shall be paid to Lender. If the Property is damaged, such Miscçllaneous Proceeds 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 period, Lender shall have the right to hold sllch Miscellaneous Proceeds until Lender has had an 0pporlUilÜy to inspect such Property to ensure the work has been comple!ed to Leuder's satisfaction, provided that such inspection shall be undertaken promptly, Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed, Unless an agreement is made in writing or Applicable Law requires interest to be paid on such MisceJléUleous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds, If the restm,tlion or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applìedto the slims secured by this Security Instrument, whether or not then dlle, with the excess, if 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 Properly, the Miscellaneous Proceeds shall be applied to the slllns secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower, In the event of a partial taking, deslruction, or loss 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 equal to or greater than the amount of the slllns secured by this Security Instrument immediately before the partial taking, destruction, Of loss in value, unless Borrower and Lender otherwise agree in writing, the SllIllS secured by this Security Instrument shall be reduced by the amount of thc Miscellaneous Proceeds multiplied by the following fraction: (a) [he total amount of (he sums secured imrnediately before the partial taking, destruction, or loss in value divided by (b) ¡he fair rmuket value of the Propel1y inllnedicl!dy before the partial taking, deslruction, or loss in value, An)' balance shall be paid to Borrower. In ¡he event of a partial taking, destruction, or loss in value of the Property in which the fair market valne of the Property immediately before the partial taking, destruction, or loss in value is less tluUl the amount of the sums secured imnlcdialely before the partial taking, destruction, or loss in value, unless Borrower and Lender othenvise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the SlUns are then due. H the Property is abandoned by Borrower, or if, after noUce by Lender to Borrower that the Opposing Party (as defìn~d in the next sentence) offers to make an award 10 sellle a claim for damages, Borrower fails to respond to lender within 30 days after the date the notiœ is given, lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Properly or to Ihe sums secured by this Security Instrument, whether or not then due, "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to MisœlIaneous Proceeds, Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of [he Property or other material impairmeilt 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 the action or proceeding to be disrnissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or cl,tim for damages that are attributable to the impainnent of Lender's interest in the hoperty are hereby assigned am! shall be pétid [0 Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order ptovided for in Section 2. 12. Borrower Not Ueleascd; Fod)earancc By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instnuneu( granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability or Borrower or any Successors in In[crest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interesl of _IDllli NUMBER: 5895401 WYOIlllng Modgagc-~illglè Family-Fallnic Mac/Freddie Mac LJNIFOH1\IINSTIWJ\IENT --TilE COMPI.IANCI<: Snl!kCI':, INC.- Page 'J of 14 I 1111111[11111111: 1;lillll~ IIIII m 1IIIi llil m~ !'Iii m~ I~I '~~-'" ..----~- www (;0Ul Jlji.I.JlL:t:¡oun;~.';:;{J1U l\IEH.S l\1odilied FOITIl 3051 own ¡HOlll'Y Ù~/ijO Ö2000, Th~ COll1pli.J.JlCè SùUh:":, lue f'{',r" -___i ··-L'~CI~. U ~!~ , 0,' r, ," ') O· '. \.1 ~--' ~u: .J Borrower or to refuse to extend time for payment or otherwise modify amortization of the SHIns secured by this Security Instmment by reason of any demand made by the original Borrower or ailY Successors in Interest of Borrower. Any forbeanmce 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 amounts less than the amount then due, shall not be a waiver of or preclude the exercise of ímy right or remedy. 13. Joint and Several Liability; Co-signe."s; Successors and Assi~rns Bound. Borrower covenanls and agrees that Borrower's obligations and 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 nol 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 tlùs Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under tlùs Security Instrwnent in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under tIùs Security Instnunent. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing, The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property ímd righls under this Security Instrument, including, but not limited to, attorneys' fees, property inspection ímd valuation fees. In regard to any other fees, the absence of express autI10rity in tllis Security Instnnnent to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may 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 1I1£It law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with IIle Loan exceed the permitted limits, IIlen: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to Ihe pernlitted limit; and (b) any sums already collecled fTOm Borrower which exceeded permitted limits will be refllllded 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 parlial prepayment without any prepayment charge (whetIler 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 arising out of such overcharge, 15. Notices. All notices given by Borrower or Lender in connection with IIlis Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. TIle notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower Sll£lll promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address tllfough that specified procedure. TI1ere 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 noIice to Borrower. Any notice in connection with tIùs Security Instrument shall not be deemed to 11£Ive been given to Lender until actually received by Lender, If any notice required by this Security Instnunent is also required lmder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under tllis Security Instrument. 16. Governing Law; Severability; Rules of COllstructioll. This Security Instnuuent shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained LOAN NUMBER: 5895401 Wyoming MOI,tgage-Single Family-Famúe Mae/Freddie Mac UNlFOR1\I INSTnUMENT -Tnli: COMPLIANCE SOURCE, lNC.- })age 10 of 14 www.çompillu.cesoUIcè.comlill~ II!~ ~~III!III!lillllli ~IIII~ IIIII Iii 1111ill~ 111II 1m MEns ModHied Fo...n 3051 01101 H301 WY 08/00 1.02000, The Compliance Source, Inc. ,.) , ¡,- Ii ¡c '.'_' '~LI.8_}U n ('."' r) 'I '. I ~ ,¡ ",. ~~.I \_' "..,., 0 .. .. in this Security Instnllnent 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 silenl, but such silence shall not be construed as a prohibition against ngreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shnll not nffect other provisions of this Security Instrument or the Nole which can be given effect without the conflicting provision, As used in OlÍs Security Instmment: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in Ole 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. Bon'ower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18, Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the tr¡msfer of title by Borrower at a future date to a pUrcl4'lSer. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in fllll of all sums secured by this Security Instrument. HO\vever, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law, If Lender exercises this option, Lender 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 wiOùn which Borrower must pay all smns secured by tlùs Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies penniUed by this Security Instrument wilhout fmOler notice or demand on Borrower, 19, Borrower's Right to Reinstate After Acceleration. If BOlTower meets certain conditions, Borrower sh,ùl have the right to have enforcement of this Security Instrument discontinued at any time prior to Ole earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in llùs Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. TIlOse conditions are that Borrower: (a) pays Lender a1l sums which then would be due under this Security Instnunent and Ole Note as if no acceleration had occurred; (b) cures any default of any other covenanls or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecling Lender's interest in the Property and rights under this Security Instnunent; and (d) takes such action as Lender may reasonably require to aSSllre that Lender's interest in the Property and rights under this Security Instrument, and Borrower's Qbligation to pay the sums secured by this Security Instnunent, shall continue mlchanged. Lender may require Illat Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Tnllisfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall rem¡ùn fully effective as if no acceleration had occurred, However, this right to reinstate shaH not apply in the case of acceleration under Section 18. 20. Side of Note; Change of Loan Scnkcl'; Notice of Grievancc, The Note or a parlial interest in the Note (together with tlùs Security Instnunent) can be sold one or more times without prior notice to Borrower. A sale might result in a change in Ole entity (known as Ole "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instnllnent and performs other mortgage loan servicing obligations under 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, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, 1l1e 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 Servicer other tlmn Ille purchaser of the NOle, the mortgage loan servicing LOAN NUMBER: 5895401 Wyoming Mortgage-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -THE CO~fPLIANCE SOURCE. INC.- Page U of 14 wwwcon 'pWü1C.,oufce,com IIII~ ~l~ ~illlllllij IIIIIII~ I~lllll[ I[~III~ II~ II~I ~ MERS l\IodUied }<'01"l11 3051 01101 IHOIWY 08/00 \C200G, Tho;; Complia.nct: SOWCè, Inc. tit} r< _ ,.., . (~t' '....:: 'J 4) \~> ,j V \.; ~~ t..- obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan ServiCer and are nol 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 liligant or the member of a class) that arises from the other party's actions riursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, w1til such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable 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. TIle notice of acceleration and opportUlúty to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisty the notice and opportunity to take corrective action 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 Enviromnental Law and the following substances: gasoline, kerosene, other ilammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials contairúng asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that rel¡de to health, safety or environmenlal protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Envirorunental Law; and (d) éU1 "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Subslances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Enviromnental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creales a condition that adversely affects 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 Hazardous Substances that are generally recognized to be appropriate to nonnal residential uses and to maintemillce of the Property (including, but not linúted to, hazardous substances in consumer products), Borrower shall promptly give Lender written notice of (a) any investigation, claim, delnand, lawsuit or other action by any govermuental or regulatory agency or private party involving the Property and any Hazardous Substance or EllvÌfomnentéù Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not li1TÚted to, any spilling, leaking, 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 leams, or is notified by any governmental or reglÙatory autllOrily, or any private party, that any removal or olher remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligntion on Lender for éU1 Environmental Cleanup, NON-UNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows: 22. Acceleration; llemedies. Lender shall give notice to Borrower priOl' to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action I'equired 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 specified ill the notice may result in accelel'ation of the sums secured by this Security Instl'Umellt and sale of the Property. The notice shall further inform Borrower of the right to I'einstate after acceleration and the right to bring a COUI-t action to assert the non-existence of a default or allY other defense of Borrower to acceleration and sale. If the default is not cured on or before the date sllecitïed in the notice, Lender at its LOAN NUMBEB; 5895401 Wyoming MOJ1gage-Sìngle Family-Famlie Mac/FI"t,ddic Mac UNIFORM INSTRUMENT -TIIE COJ\H'LlANCE SOURCE, INC.- Page 12 of 14 www,cümpli,nctsourct,cüm Illml ~illlllil ¡Illlli~ 11~1 WII i~1 mllllli mllll¡llll~ ~II !VIERS Modüied 1"0\'\11 3051 01101 UJOlWY 08/00 iÙ2000, The COil1)Jl.ìa.nœ Süwcc:, rnc. ,J 'j' ,.._~,i ,__~_ t' ft;1' '.:.'U~.J!() (' (, n f. I~' J0 "-' ,) d 'v .J option may require immediate payment in full of all sums secllred by tbis Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by AI)(Jlicable Law. Lender shall be entitkd to collect aU expenses incurred in pursuing the remedies provided in tbis Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale! Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Sectìon 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 tbe Property at an)' sale. The proceeds of the sale shall be apl)lied in the following order: (a) to all expenses of the sale, including, but not limited to, reaSðnablc attorneys' fees; (b) to all sums secured by this Security Instnlment; and (c) any excess to the person or persolls legally entitled to it. 23. Release. Upon payment of all sUlns secured by this Security Instmment, Lender shall release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security InstnmIent, but Olùy if the fee is paid to a third party for services rendered and tlle charging of the fee is permitted under Applicable Law, 24. Waivers. Borrower releases and waives all rights mIder and by virtue of the homestead exemption laws of Wyoming, BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in tlùs Security Instnunent and in any Rider executed by Borrower and recorded with it. Witnesses: ~ """-æ.'/;- ".', " _---xl ,~ ð . ...../ , "'00._, /1".""';;' .,.;/.-. (¡:,ä,:¡¡:/'J-tl.-~ _u '/'C'/7,'< ", ;M-Y 'RUTHANNE R TAYIDR /J / ' (Seal) -Borrower '0 ,-- I ---.. Printed Name: f;: ..)J-.....n- ¡.-J~, C'c¿tc9 u... v-...t:; ~ r, O-~ " ~/e:sec, omplete) /rI '7" f) <¿- _.L-,¡Y'~ c«'~ x~ t/ ',,~ - . Printed Name: <J /ta;¿ L.LO....f N ¿c: P cSht ¡iN [please Complete) ~tfi-~ JJí' WILL/ /JrrJ ~y¿;;;Z William Taylor (Seal) aka -Bon-ower (Seal) -Borrower (Seal) -Borrower [AGknowledgment on Following Page] LOAN NUMBER: 5895401 Wyoming Mortgage-Single Family-Fannie l\Iae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLJANCE SOURCE, {NC.- Jluge 13 of 14 wwwcompliaHcosoUfeò,com I ~II~ II! ~~I ~~ ~~ ~I! 1111 m III tl~ ~ UII~III~ l\lERS Moditi~'\l Forol 3051 01101 lU01WY Q8/00 02000, 'Ole COlllplia.nCë Source. {ne. ,,_ '.~,-.:,r"{þ6 r·_.^~, . , . I , , I ' , ,\ .'1 '.., r,) ~.} t:....: J i..t State of /. Counly of / . /' Before me the undersigned authority, on this day personally appeared and William Taylor aka William R. Taylor Kll\lGDOrVI OF NEPi\L ' CITY OF J(ATH fVl A i\l DU ) _ . \cc E:l\/lBf^1..SSY OF T¡'/E l0') ìJNri~iiÐ ST,A TES OF AiVJEfilCA) § § § RUTHANNE :R TAYIDR known to me (or proved to me through an identily card or other document) to be the person(s) whose name is subscribed to the foregoing instrumenl, :md acknowledged to me that he/she/they executed the same for the purposes and consideration therein expressed. Given under my hand and seal on this 107 day of Þel (Seal) 1í1P-;3",.,, " ",' ¡tl:~'1/ . " ' . ',", , P!4L, '/i .-'.....--.. :.,,,'. .:,..,;,.- .r", __ - 1':\ '/ /_'.:S::~i '~::"'."':·U:;·'l NOlary ·nbl1' ;.<"".,. '., '.;""" /.;'0- ""'., My CO,IÍm{¡l~io~1·~xpJ,r,'.~s:'JJ1,',' {;;V ,,/'(./,'):~j,!',/ ''\!{è" Ä"IY',5" L, ;,S".J"j·è¡,~~"!""je,Y,'.,,,,",'~'",'"",\,(,,,',', '"",',.,,',, :,i;,;,'"í,'", )):~) IJ rr i ,~)~~~;¡fjÚfJik:¡;ð~~x._/) \.; '\:' ';¡ :}" ¡::,i'\\~;;~:'~'>';" --------/ , Ul d~df"" ì. t \ LOAN NUMBER: 5895401 Wyoming Mortgage-Single Family-I1amue Mae/Freddie Mac UNIFORM INSTIHfMENT -TIlE COMPLIANCE SOURCE. INC.- Page 14 of 14 www.wn.pliàIlcesowce.colIl Illmll~~ 111:1 ~!~ I!IIII~~ 11111111111~llll¡ ~111 ~~III MEns Moditied 1"01111 3051 01/01 UJijlWY 08/00 02000. TIle Compliance $oun::è. Inc. '] I"",¡; J':-,',X-tj~-~ £' .:~~' __ --"-~ 1~.. . 0 "-J' ('. !"1 n ~~', (, F~ ,-,' ',,) t} t) J v Exhibit "A" LEGAL DESCRIPTION Lot 11 of River Ranches Fishing and Equestrian Estates at Freedom, Wyoming, according to that plat filed November 16, 1994 in the Office of County Clerk, Lincoln County, Wyoming as Instrument No. 793710, Plat No. 351. File Numhu: 50916 I.,wd Tille COI1l(1'"I) Attached Legal Description Page I or I