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Home My WebLink About915231 S3 ..... ("\ 7 ;., vO DO Re1l1m To: HOMECOMINGS FINANCIAL NE1WORK,INC ONE MERIDIAN CROSSING, SIE 100 MlNNEAPOUS, MN 35423 ..Loan Number: 042-613487-7 Prqmed:By: :HomeComings Financial Network l4B5D Quorum Drive. Suite 500 Dallas. TX 75254 ISpace Above This Line For Recording Data] MORTGAGE ]dIN lDOD626D426734B77l RECEIVED 1/13/2006 lit 4:29 PM RECEIVING:if. 915231 BOOK: 609 PAGE: 700 JEANNE WAGNER 1.INCOLN COUNTY ClERK, KEMMERER, WY DEFINITIONS Words used ill :multiple .sections of this document .are defined below Md other words .are .defined ill r¡ .sections 3, 11, 13, 18, 20 Md 21. Certain rules regarding the usage of words used ill this document .are 1ÙSO provided ill Section 16. (A) "Security Instrument" means this dncnmffllt, which is dated .JANUARY 9TI1. 2006 toget:bcr with lÙ1 Riders to this document. (B) "Borrower" is RANDOLPH :E. MORRISON. AN 1JNMARRIED MAN , , -) '.\ ';'/ t 15 Ðon-ower is the mortgagor under this .security~. (C) "MERS" is MOItgage Electronic Registration Systems, Inc. MERS is.a .sepanúe cmporntion that is .acting .solely llS .a l1omiT1P.P. for .Lender Md .Lender's .successors Md .assigns. MERS .is the mortgagee under this Security Instrument. MERS is organized Md exi!;tin.e under the laws of Delaw.are, Md lIas.an .addressMd te1ephonenumber ofF.D. Box2D26, Flint, MI48501-2D26, tel. (888) 679-MERS. WYDMING-Single T.amily-f.annie MaelFreddie Mac UNIFORM JNSTRUMENT WITH MERS .MFWY7770 (ll/OO) / 042-673487-7 _ -6AIWY) (0005).01 P_ ~Df 15 InitiaJs~ VMP MORTGAGE FDRMS - (800)521-7291 FDrm 3051 1/01 j 1111~IIIIIWII~lIllllml r~·r .~ ""-"-..)31 ~J:::J_J~ ..It C'00701 (D) "Lender" is BOMECOMINGS FINANCIAL NETWORK INC. lender is 2 CORPOlUcrION organized.and existing under the laws of DELAWARE Lender'sMdressis l4B50 QUORUM DRIVE, BUITE 500 DALLAS, "TX 75254 (E) "Note" means the promissory note signed by Borrower .and dated JANUARY 9TB, 2006 The Note states that Borrower owes lender .EIGHTY TIVO ~OUBAND FOUR .EJJNDlŒD AND NO/lOO Dollilrs (U .S. $ B2 ,400 . 00 ) plus interest. Borrower .has promised to JJ2Y this debt :in Iegular Periodic P2yments.and to JJ2Y the debt:in full not later than FEBRUARY lET, 2036 (F) "Property" means the property that is ilescribed below under the h~;¡ni11f; "T:nmsfer of Rights :in the Property. " (G) "Lœn" means the debt evinp.nC'p.n by the Note, plus mterest, .IDly pre¡myment clu1rges.and late clu1rges .due under the Note,.and.&l sums.due under this Security 1nstrument, plus interest. (H) "Biders" means .&l Riders to this Security 1nstrument that Me executed by Borrower. The following Riders Me to be exeC'llted by Borrower {check box æ; 2pplicable]: D Adjustable Rille Rider D Condominillm Rider D Second Home Rider D Blliloon Rider D Planned UDit Development Rider D 1-4 F.amily Rider D VA Rider D Biweekly P2yment Rider D Other(s) {specify] (I) "Applirlfh1e Law" means .&l controlling .applicable fOOenù, state ..and local statutes, IegIililtions, orrlin;¡nC'p.!,: .and anmini!':trntive rules.and orders (that fuive the effect of law) æ; wcll æ; .&l.applicable final, non-.appeal2ble judicial op.inions. (J) "Commnnity Association Dues, Fees, .and A!:!:p<:o:mpnt!:" means .&l.dues, fees, ;¡~~~!m1f'11t~.and other clu1rges that Me .imposed on Borrower or the Property by 2 condominillm .association, -homeowners .association or similiu- orl;¡nÏ7.:ltinn. (K) "EIectronic Funds Transfer" means .IDly trnnsfer of funds, other than 2 tr;¡n~;¡C'tion originated by check, dnift, or similiu- JJ2per IDstrument, which is initi;¡t¡oi! through 1IIl clectronic tfflmin;¡l, :telephonic Ïnst:rument, computer, or m;¡grtp.tk ta.pe.so æ; to order, :instruct, or .authorize 2 fin;¡ndal im:tit\ltion to debit or credit .IDl1iCCOUDÍ. Such term includes, but is not limited to, point-of-.sale tnmsfers, lUltcnruùed :te1ler m;¡C'hi~ trnnsactions, mmsfers initi;¡tpi! by telephone, wire trnnsfers, .and alltnm;¡tpi! .c1ea.ringhouse tr;¡n~feT~ . (L) "Escrow Items" .means those items that Me Llescribed :in Section 3. (M) ".Mis('pJhmeous Proceeds" means .IDly compen.sa.tion, .settIP.1Tlf'11t, 2wMd of LlaIruiges, or proceeds p&d by .IDly third party (other than in~11T;¡nœ proceeds p&d under the covernges described :in Section 5) for: (i) damage to, or destruction of, the Property; (ü) connemn;¡tion or other taking of.&l or.IDlY :part of the Property; (ill) convey.1lIlCe :in lieu of cnnn~mn;¡tion; or (iv) misrepresentations of, or omissions æ; to, the v.alue .and/or condition of the Property . (N) "Mortgage Jnsunmœ" means :insuf1mœ protecting lender .against the 1lODp1lyment of, or defuult on, the Loan. (0) "Periodic Payment" means the Iegu1arly ~C'hp.rllllp.rlllD1OUDÍ.due for (i) princip2l.and :interest under the Note, plus (ü).IDlY .amounts under Section 3 of this Security 1nstrument. (P) "RESPA" means the Real EsDúe Settlement Proœdures Act (U U _So C. Section 2601 ~t seq.) .and its implementing regulation, RegIililtion X (24 C.ER. PM! 3500), æ; they might be ;¡mf'11n¡>i! from time to time, or.IDlY lldditional or .successor legisllltion or regIililtion that governs the .same .subject matter. As used :in this &curity 1nst:rument, "RESP A" Iefers to .&l requirements .and Iestrictions tlult Me imposed :in Iegard to 2 "federnlly Itililted mortgage loan" even jf the Loan does not qwùify æ; 2 "federnlly Ie1ated mortgage loan" under RESPA. MFWY7770 (11100) I 042-673487-7 G-6A(WY) (0005).01 @ f'J18 2 Df 15 trutiadÞLzn FDrm 3051 1/01 f:~!¡~1~~f~~~i~~~i] ¡;),,~/1 ~')¡~1. .<J '--' ~UiÆi ù..,L [: 00702 (Q) ".successor.in Jnterest of .BOlTower" :means my pmty that l1as taken title to 1M Property,. whe1Mr or not that pmty l1as (!:'>IImecl ~orrower's obligations under 1M Note .and/or this Security 1nstrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security .Instrument secures to Lender: (i) the Tepayment of 1M Loan, .and .all TeDeWlÙS, extensions..and modifications of 1M Note; .and (ü) 1M perfonnance of Borrower's covenants .and 1lgT~ent!: under this Security .Instrument.and 1M Note. For this pwpüSe, .Borrower .does hereby mortgage, grant.and £onvey to MERS (solely .as Tlnminee for Lender .and Lender's succeSSOIS .and .assigns) .and to 1M 5UCCeSSOrs ..and .assigns of MERS, with power of .sale, the following .described property located ill 1M COUNTY of LINCOLN !Type of.Record41g Jurisdiction] ¡Name of Recmrling Jurisdiction] .Legal description attached .hereto .and 1IIade a part .hereo£ P.arcel ID Number: 2~~6~330~00300 222 EMERY BTIŒET XEMMERER ("Property Address"): which CllITently l1as 1M lIddress of [Street] [City] ,Wyoming B3~OJ.]Zip Code] TOGETHER WITH .all 1M ÍInpmvements now or hereafter erected on 1M property, .and .all ~;¡!œTTIent!:, 1I.ppurtenances, .and fixtures now or .hereafter 11. part of 1M property. All Tep];¡~ement¡: .and .&iditions shall lÙSO be mvered by this Security 1nstrument. All of 1M foregoing is Tekrred to ill this ..security 1nstrument .as 1M "Property." .Borrower understands ..and 1lgTees that MERS holds only legal title to 1M interests gnmted by .Borrower in this Security lnstrument, but, if necessary to comply with law or 1:l.IStom, MERS (~ nnmin~ for Lender .and l.t:nder's successors.and .assigns) l1as 1M right: to exercise.any or.all of those interests, inclu.ding, but not limited to, 1M right to foreclose.and sell 1M Property; .and to take my .action Tequired of Lender indllc1in.z, but not limited to, Teleasing .and canceling this Security 1nstrument. .BORROWER COVENANTS that Borrower is lawfully seised of 1M estate hereby conveyed.and has the right to mortgage, grant.and convey 1M Property .and that 1M Property is lInen~lImhered, except for encumbrances of Tecord. Borrower w1J.1T.ants.and will defund generally 1M title to 1M Property 1igainst.all clIDms.and clem;¡ncl!:, subject to my encumbrances of Tecord. THIS ..sECURITY INSTRUMENT combines unifonn mvenants for national use .and non-unifonn covenants with limited vBriations by jurisdiction to constitute 11. unifonn security instrument covering Teal pmperty . MFWY7770 (11/00) / 042-673487-7 G-6AIWY) 100051.01 @ P.age3nf 15 niDBJs~ Form 3051 1/01 i:ll '''....:ç......... '}:]¡~*¡¡1;¡¡1!:: ','.........t¡'j.:.:.4,¡"¡', ,1 tf1.Z.,-'< ~~31 'J<-.J"-,,yffc C00703 UNIFORM COVENANTS. Borrower .and .Lender œvenant.and 1igTee BS follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, .and Late Charges. Borrower shall pay when due the principal of, .and Últerest on, the Llebt evidenced by the Note .and 2IlY prepayment charges .and late charges due under the Note. Borrower shall MsO pay funds for Escrow Items pursuant to Section 3. Payments due under the Note.and this Security Instrument.shall be made ill U.S. .currency. However, if 2IlY check or other ms1rument received by.Lender BS payment under the Note or this Becurity lnstrument is returned to Lender unpaid, .Lender may require that 2IlY or .all .subsequent payments due under the Note .and this Security lnstrument be made ill one or more of the followIDg fonns, .as "p.lp.cted by.Lender: (a) .cash; (b) money orLler; (c) .certified .check, bank check, treasurer's .check: or .cashier's .check, provided 2IlY 5UCh check is .drawn upon .an in"titntion whose Lleposits .are msured by a :federal Bgency, .instrumentality, or entity; or (d) Electronic Funds Transfer. Payments.are ð~mp.n received by.Lender when received.at the location Lle"i£?l!ltt".rl ill the Note or lit .such other location BS may be rlesignated by .Lender ill accordance with the notice provisions ill Section 15. .Lender may return .any payment or partial payment if the payment or partial payments .are inmffip.ient 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 ill the funJre, but.Lender is not obligated to llpply 5UCh payments .at the time such payments .are accepted. If .each Periodic Payment is applied BS of its "p.herllllf"n due date, then .Lender .need not pay illterest on unapplied funds. .Lender may .hold 5UCh 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 5UCh funds or return them to Borrower. 1f not Applied earlier, 5UCh funds will be applied to the Ollt!:t:mn in,e principal balance under the Note immf'..c1i:ltf"ly prior to foreclosure. No offset or.claim which Borrower might .have now or ill the :future against Lender .shall relieve Borrower :from :making payments due under the Note.and this Security 1nstrument or perfonning the covenants.and.agreements .secured by this Security lnstrument. 2. AppJit"Slnon of Payments or Proceeds. :Except .as otherwise Llescribed .in .this Section 2, .all payments accepted .and applied by .Lender .shall be applied .in the following orLler 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 ill which it became due. Any rf"m:linin,e .amounts shall be Applied :first to late charges, second to.any other .amounts due under this Security lnstrument, .and :then to reduce the principal balance of the Note. 1f Lender receives A payment from BorroWtt for a Lie1inquent Periodic Payment which indllnf"" a .sufficient .amount to pay .any late charge due, the:payment may be applied to the Lie1inquent payment .and the late charge. 1f more than one Periodic Payment is ollt"t:lnclinz,.Lender may llpply .any payment received from Borrower to the repayment of the Periodic PAyments if, .and to the extent that, .each payment .can be paid .in full. To the extent that .any excess exists .after the payment is Applied to the full payment of one or IDOre Periodic Payments, .such excess may be applied to .any late charges due. VoJ.untary prepayments Ebal1 be llpplied :first to .any prepayment charges .and then.as described ill the Note. Any application of payments, in"lITImœ proceeds, or Misœll:lnp.ous Proceeds to princip.al due under the Note.shall not t:Xtend 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 ill full, A sum (the "Funds") to provide for payment of lIIIlOunts.due for: (a) taxes .and 8S!:e"rnlP.11t".and other items which .can .attain priority over this Security lnstrument.as a .lien or filP.l1TT1hrance on the Property; (b) leasehold payments or ground rents on the Property, if .any; (c) pr~millm" for 2IlY .and .all in"nrnnp.f" required by .Lender under Section 5; .and (d) Mortgage lnsuranœ prfillinm", if 2IlY, or.any sums payable by Borrower to Lender ill lieu of the payment of Mortgage Tml1T:lnœ pr~minm" ill accordance with the provisions of Section 10. These items .are.called "Escrow 1tems." At origination or At 2IlY time during the teIm of the.Loan, .Lender may require that Commnnity Association Dues, Fees, .and .ft""f""rnlP.11ts, if .any, be ~owed by Borrower, .and 5UCh dues, fees .and .a5Sf""rnlf"nt" .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 Fl.mds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for.any or.all Escrow 1tems. Lender may waive Borrower's obligation to pay to .Lender Funds for .any or.all Escrow 1tems .at .any time. Any 5UCh waiver may only be ill writing. .In the event of mICh waiver, Borrower .shall pay .clirectly, when.and where payable, the amounts MFWY7770 (11100) / 042-673487-7 G-.6A(WY) (0005).01 @ PJIije 4.of 15 JnitiaJsþdYl. Form3D51 1/D1 [:;::~:i,..:1 r:~:~~i¡¡i¡¡¡~~~i;¡; :; en' .... I!:""r>31 ~JJ~.L1Ji1<.,' [00704 .due for IDlY EscrDW Items fDr which payment Df Funds has been wlÜved by Lender .and, jf Lender requires, .shall furnish 10. Lender receipts evidencing .such payment within .such time periDd jlS Lender may require. .BDrrDwer's Dbligation to. make.such payments.and 10. provide receipts 5ball for Bll purpDseS be Lleemed 10. be a CDVenant and agreemt:nt cont:!ißf~n in this Security lnstrument, jlS the phrase "CDVenant and agreement" is used in SectiDn 9. If .BDrrDwer is Dbligated 10. pay EscrDW Items directly, pursuant 10. a wlÜver, and .BDrrDwer fails to. pay the amDunt .due fDr IDl EscrDW Item, Lender may exercise its rights lIIlder Section 9 .and pay .such amDunt and .BDrrDwer 5ball then be Dbligated under Section 9 to. repay to. Lender IDlY .such .amount. Lender may revoke the wlÜver jlS 10. IDlY Dr Bll EscrDW 1tems at IDlY time by a nDtice given in .accDrdBnce with Section 15 and, upDn .such revDcation, .BDrrDwer .shall pay 10. Lender Bll Funds, .and in .such amounts, that are then required under this Section 3. Lender may, at any time, collect and hDld Funds inIDl.amount (a) sufflCienttD pennitLender to' apply the Funds at the time specified under RESPA, .and (b) nDt to. exceed the m:!yirnnrn amDunt a lender QU1 require lIIlder RESPA. Lender 5ball estimate the amDunt Df Funds due Dn the basis Df current Data.and reasonable estimates Df expenditures Df future EscrDW Items Dr Dtherwise in accDrdBnce with Applicable law. The Funds .shall be held in an institution WhDse depDsits are insured by a fedenù agency, instJ1lrnent:!lity, Dr entity (indllninf; Lender, jf Lender is an institution whDse depDsits are so. insured) Dr in IDlY Fedenù Home Loan.Bank. Lender 5ball apply the Funds 10. pay the EscrDW 1tems no. later than the time specif1ed under RESPA. Lender 5ball nDt charge .BDrrDwer fDr hDlding and llJ>plying the Funds, .annually .analyzing the escrDW aécDunt, Dr verifying the EscrDW Items, unless Lender pays .BorrDwer interest Dn the Funds.and Applicable Law permits Lender 10. make such a charge. Unless IDl agreement is made in writing or Applicable Law requires interest to' be paid on the Funds, Lender 5ball nDt be required to' pay.BDrrDwer IDlY interest Dr ~:!mi11fs on the Funds. .BDrrDwer.and Lender QU1 agree in writing, hDwever, that interest .shall be paid on the Funds. Lender.shall give 10. .BDrrDwer, withDut charge, IDl annual.accD11D1ing Df the Funds jlS required by RESPA. If there is a surplus Df Funds held in escrDW, jlS Defined under RESPA, Lender shall .accDunt 10. .BDrrDwer fDr the excess funds in .accDrdance with RESPA. If there is a shDrtage Df Funds held in escrDW, jlS defined under RESPA, Lender.shall nDtify .BDrrDwer as required by RESPA, and .BorrDwer shall pay to' ùnder the amount n¡>C'f>!:!::!ry to make up the shortage in accDrdance with RESPA, but in no. mDrt: than 12 :monthly payments. If there is a deficiency Df Funds held in escrDW, jlS .defined lIIlder RESPA, Lender shall notify .BDrrDwer jlS required by RESPA, .and .BorrDwer shall pay to' Lender the amDunt ne('¡>!:s:!ry 10. make up the defici¡>nC'y in .accordance with RESPA, but in no. more than 12 monthly payments. Upon payment in full Df Bll sums secured by this Security Instrument, Lender shall promptly refund to .BorrDwer IDlY Funds held by Lender. 4. Charges; Liens. .BorrDwer shall pay Bll taxes, :!ss¡>!:!:TTlP.11ts, charges, :fines, .and impDsitiDns .attributable 10. the PrDperty which QU1 attain priDrity Dver this Security Instrument, leasehDld payments Dr grDund rents Dn the Property, jf any, and Cornrnnnity AssDciation Dues, Fees, and Assessments, if IDlY. To. the extent that these .items are EscrDw Items, .BDrrDwer 5ball pay them in the manner provided in Section 3. .BDrrDwer shall promptly illscharge any lien which has priDrity Dver this Security Instrument 1U1less .BorrDwer: (a) agrees in writing to the payment Df the Dbligation .secured by the lien in a manner acceptable 10. Lender, but only sO. long.as .BDrrDwer is performing such agreemt:nt; (b) CDntests the lien in gDDd faith by, Dr .defends against mDrcement Df the lien in, legal proC'f>f'nings which in Lender's Dpinion Dperate to' prevent the mDrcement Df the lien while those procf'f'Ai11f!: are pending, but only 1mtil such proceenin£;s .are condnnf"A; or (c) secures from the hDlder Df the lien an agreement satisfactDry to' Lender subornin:!ting the lien 10. this Security Instrument. If Lender .detennines that IDlY part Df the PrDperty is subject to' a lien which QU1 .attain :priority Dver this Security Instrument, Lender may give .BorrDwer a notice identifying the MFWY7770 (11100) / 042-673487-7 G-6AIWY) 100051.01 (!) PJlge50f15 In~11 Form 3D51 1/D1 . :.:~j:::;:;:::;:;';'." ·:;¡¡¡¡¡¡¡:~i¡jI·· . ::"ì::::::~::::::::::::/ . )~¡¡~:~¡~~i¡:¡r "141~1 . .' ;<\.':,:r'..:>:,¡,~,:.:.; .n. r --, --? ø¡.... lIJ J ~~þ'-:f-...LL.. .-, r'('t 7 '-un 05 lien. W1Ihin.1D LIa;ys- of the date on: whidr:that:notiœ is: ~.BULUJWCI: .shaILsatis:fy the 1ierr or1aJœ ODe: or .more of:them:tions: setfm:th:..above.in: this S't"MinTT 4_ Lender may reqnÏre BuuuwCI: to pay .a. one-time ~ fur A real t:s:ta:te .tax: verffi~nrr 1mrlfor -=puú.Ù.lg.scrviœ used by Lem:ler-.in:crmt1f'rti-nrr with: this Lmm. 5. Property- TmmnrnrP BUllUWe:.shaII Jœep- :the .ùupllJv=w:uts now :eri~ or he.1":>I fir-< en::cn:d on: :the Pì.uJJ=ly immTf'fi .against loss by:J:'íre,. h=micr indnrlf"fi within::the tom "f"TtPnrlf"fi mverage,." æxlmy otlærh:rr.mtcr inr:1ncfm:g. bnt1IDtlimit:edto. e:rrthq:m'llnacr æxlfIoods. furwhichLenderTP.IJTIŸTPcr i"s",,,,,":<,, This i "S", ...111"" Khall be- "lit i ",...; ,.ni .in::the .awuwilii (inr1nrlTng cff'rlnrtihle levels) .and fur the periods :that Lender~. WhatLender~ pUUiWW!. to the~m:g g~~ cand:nm,ge-rln:r:i:ng: the-term of :the Lmm. The ; .,S,II ....II"Pc .can:ierproviding: the- i "S"" ""II"Pc .sbaII be- dmsen by Bo.IIDWf:I" subject to I.em:ler's :right to ~pllJvr Borrower's clmi.ce-,. which :right.shaII DOt be- f"T!"Tcigl"rl l~hly. Lcmter may require BUllUWCI: to pa:y. in Cffi1TTf"MŸnrr with this: Imm. e-ither: (A) A cme-1Ìme- ~ fur flood.z.one nM." II,il....'inrr. Cf"rtifir-.:ItÍnn.and trnr.~ services; or (b) .a. one-ti-me ~ fur flood:znne- nM~I",;,"...inrr .and Cf"rtifi~nrr services æxl ~t"f1't' ciIa:rges t:aeh time- ~!-,lup or si:m:iIar r.Jumucr occnr which TP.agnrn¡h1y :might .aff.ect such rlM~ ,,,;,,,.1 inn- or I:r.llifi",,jon. BULUJwrr Khall.also be- ~puwõble fur:the .IJÄyllJCUt of.any fees imposed by:the Fi:dmù. F.....--.~~II:y M~ Agcnr.y .in: mT1T1f"Minrr with: the :review of.any iIood.z.one cf,.,¡~ .., i ,....1 inrrTP.SIT1ting from.an objection by BOllUWe:. 1fBuuuwCI: fails to "'ili"I,.;" my of the- coverages d~PCf .above. Lem:ler-may obtain i"s",,,,,,":o" mverage,. .at Lemler's option:æxl BUllUwcr'S expense. Lender .is: under:no ohTivrinrr to :pmrIDigfL my p:n-tirnhtrtype or illIIlI"IlL of ~ lJJ¡:u:fi.ur.. such coverage- .shaII cover Lender. but:might or:might: .not:pmtectBUllUWcr.. BUllUwcr'S equity in the Piupc:dy. orthe- r.C1J111antcr of:the Pì.uJJ=ly. .against my risk.- lIazani or liability æxl :might provide- greaœr- or Jesser- covcr:a:ge- than was previously in e-ffect. BUllUWc:J: ~:that:the.cost of:the i"s",...,II.... L:OVeI:age so obtained:might gjgJ1ifï=ntly e-xœed:the.cost of i "'S"I ....II.,..:that Buuuwrr conld have obtained. Any .awuwilii disbursed by Lemlernnderthis: S'f"Minrr 5 .shaI1 become arlcfiriom¡l Debt of Buuuwcr gpnmocf by this: .5ecm:i:ty f"s' , "I"~ II 1Jæse.ammmts:.shaI1 bear i "fro, """ .at:the Note::rare from the- dare- of diili,", ""'.,..." ,I .ami Khall be-payabIe. with such ~. rrpon:.notice- from I..emù:rto BULUJWCl ..ripT~ pa.yllJClÚ.. All ii's", ...111:0" poIi.cies ~ by Lcmter æxl IeIIeWlÙs of such policit:s Khall be- subject to I.c:nier's :right to ~pJ.Uvr such policies-. .shaI1 im:lnde.a. slillIIl,."1 mnT1:1Ÿ'u- clause. .and man :mane Lender .as ~ lIDdJ or .as .an: :!rlcfiriom¡ 1 loss payee-. Lender .shaI11Iave-1:he- :right to .hold the policies- æxl renewal œrtifi~. 1fLenderreqnires. BULUJWCI: man pLUWl-'lIy give- to Lender ml. receipts ofpaid 1"= "ill"'S æxl renewal.IJDtÏce5.1fBuuuwcr obtains my fonn of i"s"''''III'''' coverage.:mJt otherwise-~ by Lem:ler-. fur rl::rrmru-to. or c1~nrr of. the Pmpcúy. such policy 5baII im:Iude- .a. !IDmrlaTrl TITnTtVu- .clæ:Ise- æxl ..shaIl:mane Lender.as TITnTtVgJ"P' lIDdJ or.as.an adcfirinrn¡ 1 loss payee-. In:the event of loss. BUllUWCI: Khall give- pLUWl-'L:notice- to .:the i"S"'''''"'''' .can:ier.ami .I..ender-. Lender may make- proof of loss if.not.made- pllJllJflÚy by BuuuwCI:. U.n1ess Lender.ami BuuuwCI: otherwise.agree- in -writing...any i "S'". ....11 :Pc proceeds, ~ ar:not the um::lerl:ying: i ..s,., """ :f" was TP.f]Jrin"c1 by Lemler. .shaII be- .applli:d 10 restoration orrepair of :the Piupcú y. if the restDnttion or repair is i".M1rn1TnÝ~ l1y reasmle:.and Lem:ler' 5 .secm:ity is 1IDt 1~~ DIIIÌnE such repair .and restorntion: period. Lender .shaII1mve-1:he-:right to hold such -immT:mN" pro""""'¡S llD1iI Lender lIas .bad.an: 0wuiliwÏiy to inspect such P:wpc:Lly to CISIIJ:C :the wrn:k: lIas been mrnp1t"tPrl to Lem:ler's sillisr"dinrr. provided :that such.inspection Khall be- nnc1PTt::1Inan ±,LUWl-'lly. Lendermay dj~ proœeds for:the n:pa:in æxlrestonnionin.a. single- pa.yllJCUt or:irr.a..se.ries- of progress- .IJÄy.lJ.JCJÌ:; .as:the workis- mmplf"tM U11lt:ss.an: 3~ is-.made- in writing or Applicable Law ~ ~ to be-paid 0J1.such. i"S'"''''"'''''' proœeds. Lemler.shaI1 DOt be- ~ to pa:y BUllUWCI:.any ~ or ~ on: such proceeds- Fees- fur public: lIdjnsters-. or otlær third:part:æs. TI"tainl"rl by Buuuwrr .shaIl.not be- paid out of the- i ,'s,.. """ r proceeds .and shaIl be- .:the sole- obIivrinrr of BULUJw=. If :the1"f'!ffiTr.rtinrr orrepairis::mJt emnrmricaIly -fFomriñlf" or I.em:ler's secmity would be I~. .:the i""'""'III:I"- proceeds-.shaII be-.applied to :the.smns ~ by this: 5ecmity f,.s' , ""'~ ". wb:etIn:r or.not then.dxJe-.. with: MrW.x IIIU (11/00) I 04Z-67:I48T--7 G..JiAIWY]IOOD5I.Dt œI ~f!Df t5 1_té'}ß?7r Fi:mn- 3II51 1/DT ,a~,':~ ~2"')1 U~~U'~Ù~ C00706 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 .av.ailable immnmpe claim and related matters. If .Borrower does not respond within 30 days to a notice from Lender that the .insurance carrier .has offered to settle a claim, then Lender may negotiate and settle the claim. The 3D-day period will begin when the notice is given. In either event, or if Lender .acquires the Property 11nd.er Section 22 or otherwise, .Borrower hereby .assigns to Lender (a) .Borrower's rjghts to .any .insurance proceeds in .an .amount not to exceed the .amounts unp.aid under the Note or this Security Instrument, and (b) .any other of .Borrower's rights (other than the right to .any refund of Im~;¡rnf'.(I premillm1: paid by .Borrower) under.all insurance policies covering the Property, .insofar .as such rjghts.are .applicable to the coverage of the Property. Lender may use the ÏnsnrID1Ce proceeds cither to rep.air or restore the Property or to pay .amounts unp.aid under the Note or this Security Instrument, whether or not then due. 6. Occnpancy. .Borrower 5hall occupy, establish, and use the Property .as .Borrower's principal residence within 60 days after the execution 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 BhalJ. not be unreasonably withheld, or unless extenll:lting circumstances exist wl1ich.are beyond .Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. .Borrower .shall not .destroy, .damage or .impair the Property, .allow the Property to deteriorate or commit w.aste on the Property. Whether or not .Borrower is residing in the Property, .Borrower .shall m;¡int;¡in the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detennined pur5UaDt to Section j that repair or restoration is not economically feasible, .Borrower shall promptly rep.air the Property if .damaged to.avoid further deterioration or damage. If in1:lIT;¡npe or cond~mn;¡tion proceeds .are paid in connection with damage to, or the taking of, the Property, .Borrower .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 5eries of progress payments .as the work: is completed. 1f the insurance or cond~mn;¡tion proceeds ..are not sufficient to repair or restore the Property, .Borrower is not relieved of .Borrower's obligation for the completion of .such repair or restoration. Lender or its .agent may :malœ reasonable entr:it:s upon .and inspections of the Property. If it .has reasonable cause, Lender may inspect the interior of the improVeJDð1ts on the Property. Lender shall give .Borrower notice.at the time of or prior to such .an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. .Borrower .shall be in default if, !luring the Loan .application process, .Borrower or .any persons or entities .acting .at the .direction of .Borrower or with .Borrower's .knowledge or consent gave :materially false, mi1:1~;¡dinz, or inaccurate infonnation or ¡j";¡tf'TIlf'nts to Lender (or failed to provide Lender with material infonnation) in connection with the LoIDl. 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 1nstnunent.If (a) .Borrower fails to perfonn the covenants.and agreements cont;¡inf'd in this Security Instrument, (b) there is.a legal proceeding that:might signifIcantly .affect Lender's interest in the Property .and/or rights under 1his Security Instrument (such .as .a proceeding .in illmknrptcy, prob1úe, for connf'TIln:ltion or forfeiture, for :enforcement of .a lien wl1ich 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, indlldinz 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 wl1ich .has priority over this Security Instrument; (b) .appearing in court; and (c) paying reasonable MFWY7770 (11100) / 042-673487-7 C-6AIWY} (00051.01 @ P.ð£I'!7Df 15 InitiaJs~ F.orm 3051 1/01 "r ~-. '-931 ~J~~~,~j~ ~ r, r'I 1"'\ 7 ... - .... ~J t: I;',' littorneys' 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 indlllil'!':, but is not limited to, entering the Property to make repairs, change locks, repbu:e or board up doors .and windows, dr.ain w.ater from pipes, eliminatl' building or other code violations or dangerous conditions, .and have utilities nnned 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 obligation 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 shall 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 payill>le, 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 the fee title shall not merge unless Lender .agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Tmnmmce 115 .a condition of making the Loan, .Borrower shall pay the premillm!': required to maintain the Mortgage ImmTan~1' in effect. If, for IDlY reason, the Mortgage lnsunmce covernge required by Lender ceases to be .av1lilable from the mortgage insurer that previously provided such insurance .and .Borrower W115 required to make separately designated payments tow.ard the pTf>TT1illm!': for Mortgage Insunmce, .Borrower shall pay the pr~millm!': required to obtain covernge substantially equivalent to the Mortgage TmllTIlnC'.f> previously in effect, .at.a cost substantially equivalent to the cost to .Borrower of the Mortgage Insunmce previously in effect, from .an .alternate mortgage insurer selected by Lender. If .sub!';tantially equivalent Mortgage Insunmce covernge is not .av.ailill>le, .Borrower shall continue to pay to Lender the.amount of the separately designated payments that were due when the insurIDlCe covernge œased to 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-refnnclahll', notwith!':tancling the fact that the Loan is lIltimatl'1y paid in full, .and Lender shall not be required to pay .Borrower .any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insunmce cover.age (in the .amount .and for the period that Lender requires) provided by .an insurer selected by Lender .ligain becomes .available, is obtained, .and Lender requires separately designated payments tow.ard the premillm!': for Mortgage Insurance. If Lender required Mortgage TmllTIlnc~e .as .a condition of making the Loan.and Borrower w.as required to make separ.ately designated payments tow.ard the pTf~millm!': for Mortgage Tm¡mm~, Borrower shall pay the pr~millm!': required to maintain Mortgage TmmTIln~1' in .effect, or to provide .a non-refundable loss reserve, until Lender's requirement for Mortgage TmllTIlnC'e ends in .accordance with .any written.agreement between .Borrower .and Lender providing for such termination or until tf>nnination 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 Tn!':lITIlnC'e reimburses Lender (or .any entity that purchases the Note) for certain losses it .may incur if Borrower does not rep.ay the Loan .as .agreed. Borrower is not .a party to the Mortgage Insunmce. Mortgage insurers ev.aluate their total risk on.all such imllT(lTce in force from time to time, .and may enter into .agrefflTlf>nt!': with other parties that share or modify their risk, or reduce losses. These.agreements Me on tenns .and conditions that .are .satisfactory to the mortgage insurer .and the other party (or parties) to these .agreements. These.agreements.may require the mortgage insurer to make payments using.any source of funds that the mortgage insurer may have .available (w.hich may include funds obtained from Mortgage Tn!':lIT:ln~f> prfflTIillm!':). As .a result of these .agrefflTlf>nt!':, 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 cbarncterized.as).a portion of .Borrower's payments for Mortgage Insurance, in f>x~ha~e for Bharing or modifying the mortgage insurer's risk, or reducing losses. If such .agreement provides that .an ;¡ffili:ltf> of l..ender takes .a share of the insurer's risk in exchange for .a .share of the premium!': paid to the insurer, the.arnmgement is often tenDed "captive reinsurance." Further: (a) Any .such .agr_.mpnt!': will not .affect the .amounts that .Borrower b.as agreed to p.ay for Mortgage Insurance, or .any other terms of the Loan. .such agr_mpnt!': will not increase the .amount .Borrower will owe for Mortgage Insurance, and they will not entitle .Borrower to any refund. MFWY7770 (11100) / 042-673487-7 G-BA(WYI (DOD5).o1 (!) P.-BDf 15 n~/þt fDrm 3051 1'01 ¡¡ ~ ¡ ¡!m;~;¡:~¡;; ¡I! ¡;l ~ ~~IL ¡ji~ " ,;;;;'1"""'1';;'. . ...:,,' ,. "......'.'.......'.. ···;',..~·,::\i¡\i¡i¡¡¡;;.:;,::!: ,~Illì¡, ,',.,.,',......',.,', :·:::;¡:~:¡~!:Hj~::::· ::.:W¡::¡[:j¡!¡!¡!::·:.. ; ::::::: ;::::::' ::::: ~::: . . ,',' ,', ',....~.',.,', .., .'.....,....'. >,::~:;;~::::::::;:; . - :::~::::::!::::::~::;:' ,','.',...¡......'..,. ~III¡ úS..~·.5231. ~00708 (b) Any.such agreements will not affect the rights Borrower has - if 1Uly - with respect to the Mortgage Insur.ance under the Homeowners Protection Act of 1998 or any other Jaw. These rights may include the right to receive certain disclosures, to request .and obtain t"9nt"p1h1tion of the Mortgage Insurance, to .have the Mortgage Insur.ance termin9fed mItomatically, .and/or to receive li refund of any Mortgage Insur.ance prpminms that were unearned lit the time of such cancellation or termination. 11. Assignmpnt of Miscellaneous Proceeds; Forfeiture. All Misc.ellaneous Proceeds .are .hereby ASSigned to 2nd.shall be paid to Lender. If the Property is damaged, .such MisC'p.1Ianeous Proceeds shall be applied to restoration or rep.aIT of the Property, if the restoration or repair is economic.a1ly feasible .and Lender's .security is not lessened. During such repair 2nd restoration period, Lender.shall have the right to hold such Miscellaneous Proceeds until Lender has had .an opportunity to inspect .such Property to ensure the work has been completed to Lender's satisfaction, provided th.at .such inspection.shall be undertaken promptly. Lender may pay for the repairs 2nd restoration in a .single disbursement or in a .series of progress payments .as the work is .completed. Unless.an .agreement is made ill writing or Applicable Law requires interest to be paid on.such Misc.ellaneous 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 MisC'.P.llaneous Proceeds.shall be .applied to the sums .secured by this Security 1nst:rwnent, whether or not then due, with the excess, if .any, paid to Borrower. Such Misc.ellaneous 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 MisN'lIaneous Proceeds shall be applied to the sums secured by this Security lnstrument, whether or not then due, with the excess, jf .any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immecHatdy before the partial taking, destruction, or loss in value is equal to or greater than the .amount of the sums secured by this Security lnstrument immeciiately before the partial taking, destruction, or loss in value, unless Borrower 2nd Lender otherwise .agree ill writing, the .sums secured by this Security Instrument .shall be reduced by the ..amount of the MisN'lIaneous Proceeds multiplied by the following fraction: (a) the total .amount of the sums secured immediately before the partial taking, .destruction, or loss ill value .divided by (b) the fair :market value of the Property immf"rliately before the partial taking, destruction, or loss ill value. Any balance.shall be paid to Borrower. In the event of ji partial taking, destruction, or loss in value of the Property ill which the fair :market value of the Property immeciiately before the partial taking, destruction, or loss ill value is less than the .amount of the sums .secured immf"rliately before the partial taking, destruction, or loss in value, unless Borrower 2nd Lender otherwise.agree ill writing, the Miscellaneous Proceeds.shall be applied to the.sums secured by this Security Instrument whether or not the sums.are 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 malœ .an aw.ard to settle a claim for damages, Borrower fails to respond to Lender within 30 Llay.s .after the Llate the notice is given, Lender is lUlthorized to .collect 2nd apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security 1nst:rwnent, whether or not then due. "Opposing Party" means the third party that owes Borrower MiscellaneollS Proceeds or the party .against whom Borrower has a right of .action in regard to Miscellaneous Proceeds. Borrower ..shall be in default jf .any .action or proceeding, whether civil or criminal, is begun that, in Lender's jllcivnent, could result in forfeiture of the Property or other:material impainnent of Lender's .interest in the Property or rights under this Security 1nst:rwnent. Borrower !:all cure such a default.and, if aC:Cf"leration has occurred, reinstate.as provided in Section 19, by ~ the.action or proceeding to be dismissed with ji ruling that, ill Lender's judvnent, precludes forfeiture of the Property or other material impainnent of lender's interest in the Pmperty or rights under this Security Instrument. T.he proceeds of .anyaw.ard or claim for damages that.are .attributable to the impainnent of Lender's interest in the Property ..are hereby .assigned.and .shall be paid to Lender. All MisN'lIaneous Proceeds that .are not applied to restoration or repair of the Property ..shall be jip:plied in the order provided for ill Section 2. .MFWY7770 (11/00) I 042-673487-7 G-6A(WY) (0005).01 (I) PJIge B of 15 I~r~ FDrm 3051 1/01 ub-·'<5231· r· n n t"1 . \.. \)\...1,09 12. BOlTower Not Rf'lp.J'Ili:eðj Forbear.ance By Lender Not Jl W2Ïver. Exrension of the time for Jlliymen1 or modification of llIDOrtization of the .sums secured by this .&curity lnstrument gnm.ted by Lender to .Borrower or lUly Successor in Interest of .Borrower shall not openúe to release the liability of .Borrower or lUly Successors in .Interest of .Borrower. Lender shall not be required to commence proceedings ßgaÍnSt jIDY Successor in Interest of .Borrower or to refuse to extend time for payment or otherwise modify llIDOrtization of the .sums secured by this Security Instrument by reason of lUly ð~m~nc1 made by the original .Borrower or lUly Successors in .Interest of .Borrower. Any forbeanmce by Lender in exercising lUly right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors illlnterest of .Borrower or illllIDOunts less than the lIlllOunt then due, shall not be.a w.aiver of or preclude the exercise of lUly right or remedy. 13. .Joint JU1d SeverBl Liability; Co-5igners; Successon JU1d Assigns Bound. .Borrower coverum1s .and .agrees that .Borrower's obligations.and liability shall be joint.and sever.al. However,lUlY .Borrower who co-signs this Security lnstrument but .does not execute the Note (a "co-signer"): (a) is co-.signing this Security lnstrument only to mortgage, gnmt.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 lnstrument; .and (c) .agrees that Lender .and lUly other .Borrower can .agree to extend, modify, forbear or make lUly .accommodations with regard to the terms of this Security Instrument or the Note without the co-.signer's consent. Subject to the provisions of Section 18, lUly Successor in Interest of .Borrower who .assumes .Borrower's obligations under this Security lnstrument in writing, .and is .approved by Lender, shall obtain .all of .Borrower'.s rights.and benefits under this Security lnstrument. .Borrower shall not be released from .Borrower'.s obligations.and liability under this Security lnstrument unless Lender .agrees to .such release in writing. The coverum1s .and .agreements of this Security lnstrument shall bind (except .as provided ill Section 20) .and benefit the .successors.and .assigns of Lender. 14. Loan Charges. Lender may charge .Borrower fees for services perfonned ill connection with .Borrower'.s 1lefault, for the purpose of protecting Lender's interest in the Property .and rights under this Security Instrument, indllCiing, but not limited to, .attorneys' fees, property inspection.and v.a1uation fees. 1n regard to jIDY other fees, the .absence of express .authority ill this Security Instrument 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 Lo.an is .subject to .a law which sets m~yirnllrn loan charges, .and that law is finally .Í11te1JJreted 50 :that the interest or other loan charges collected or to be col1ectf".d ill connection with the Lo.an exceed the pennitted limits, then: (.a) lUly .such loan charge shall be reduced by the .amount nep.f"¡:¡:~ry to reduce the charge to the pernútted limit; .and (b) jIDY .sums .alIeady coIrected from .Borrower which e~N>t'ded pennitted limits will be refunded to .Borrower. Lender may choose to make this refund by rerlllp.ing the principal owed under the Note or by making .a direct payment to .Borrower. If .a refund reduces princip.al, the reduction will be treated .as .a partial prep.ayment without jIDY prepayment charge (whether or not .a prepayment charge is provided for under the Note). .Borrower'.s .acceptance of jIDY .such refund m.ade by direct payment to .Borrower will constitute .a w.aiver of lUly right of action .Borrower might .have.arising out of.such overcharge. 15. Notices. All notices given by.Borrower or Lender in connection with this Security 1nstrument .must be ill writing. Any notice to .Borrower ill connection with this Security lnstrument.shall be d~med to .have been given to .Borrower when mailed by fir5t class mail or when actually 1lelivered to .Borrower'5 notice.address if .sent by other means. Notice to jIDY one .Borrower .shall constinue notice to .all.Borrowers unless Applicable Law expressly requires otherwise. The notice .address .sb.all be the Property Address unless .Borrower has 1lesignat.ed .a .sub5tinue notice .address by notice to Lender. .Borrower shall promptly notify Lender of .Borrower'5 change of .address. 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 de¡:igTIMt>rl notice .address under this Security 1nstrument .at lUly one time. Any notice to Lender shall be given by .delivering it or by mailinf it by fir5t class mail to Lender'5 .address 1itated herein unless Lender has .designated lUlother .address by notice to .Borrower. Any notice in connection with this Security 1nstrument .shall not be .deemed to .have been given to Lender until .actually received by Lender. If jIDY notice required by this Security lnstrument is .also required under Applicable Law, the Applicable Law requirement will .5atisfy the corresponding requirement llDder this .&curity lnstrument. MFWY7770 (11100) / 042-673487-7 G-6A(WY} (0005).01 <I> P.age 10 Df 15 ~~ n form 3051 1/01 ~.., :i; ,~~;~;::¡*~::.T> ',~j ..! ~,..,.'11." ,:"" ".'1 .",.r"..,'~ ~;¡~¡¡I;îimilijili;¡ · ,}:;3ill~~;;;:} ..,.,...,.,....'....,"". .,.",."" " ...,.,......." " illt,: r "i!"ii n ~,"" r;¿ú..J.¡ U .::; ---"....¡y. "" ~ooti'10 16. Governing Law; Sev.erBhility; Rules of Construction. This Security Instrument Bball be governed by fedenù law m1d the law of the jurisdiction in which the Property is located. All rights m1d obligations cmruùned in this Security Instrument .are subject to .any requirements m1d limitations of Applicable Law. Applicable Law might explicitly or implicitly lIllow the parties to lI,gTee by contr.act or it :might be silent, but ßUCh silence .shall not be construed llS ~ prohibition ligainst lI,gTeement by contr.act. 1n the event that .any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, .sru!J. 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: (~) words of the. masculine gender .shall :mean m1d include corresponding neuter words or words of the feminine gender; (b) words in the singular Bball mean m1d .include the plural m1d vice versa; m1d (c) the word "may" gives sole discretion without .any obligation to take .any .action. 17. BOITower's Copy. .Borrower Bhall be given ODe copy of the Note m1d of this Security Instrument. 18. Transfer of the Property or II Bf'nf'firia11nterest in BOITow.er. As used in this Section 18, ".Interest in the Property" means MY legal or beneficial interest in the Property, indllClin,f, but not limited to, those beneficial interests tnmsferred in ~ bond for deed, contr.act for deed, im:t:¡lIment Bales contract or escrow lI,gTeement, the intent of which is the tnmsfer of title by .Borrower ~t ~ future date to ~ purchaser. If lIll or MY part of the Property or MY Interest in the Property is sold or tnmsferred (or if .Borrower is not ~ natural person.and ~ beneficial interest ID Borrower is sold or tnmsferred) without Lender's prior written consent, Lender may require imrnerli:¡te p~yment in full of 1ÙI .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, Lender .shall give .Borrower notice of .acceleration. The notice .shall provide ~ period of not less than 30 days from the date the notice is given in .accordance with Section 15 within which Borrower must pay 1ÙI sums secured by this Security Instrument. If Borrower fails to pay these .sums prior to the expiration of this period, Lender may IDVOke .any remedies permitted by this Security Instrument without further notice or dern:¡nrl onBorrower. 19. BOITower'!; Right to Reinstate After Accelerntion. If .Borrower meets certain conditions, .Borrower .shall .have the right to .have enforcement of this Security Instrument oocnntinllerl ~t .any time prior to the earliest of: (~) five days before.sale of the Property pursuant to MY power of Bale cnnt;¡inerl in this Security 1nstrument; (b) 5Uch other period llS Applicable Law might .specify for the tennination of .Borrower's right to reinstate; or (c) entry of ~ judgment enforcing this Security Instrument. Those conditions .are that .Borrower: (~) pays Lender IDl .sums which then would be Due under this Security Instrument.and the Note llS if no .accelenùion.had occurred; (b) cures MY default of .any other covenants or lI,gTf'f'ment~; (c) pays lIll expenses incurred in enforcing this Security Instrument, including, but not limited 10, reasonable Attorneys' fees, property .inspection.and vIDuation fees, m1d other fees incurred for the pmpose of protecting Lender's interest ID the Property m1d rights under this Security Instrument; m1d (d) takes 5Uch .action llS Lender:may reasonably require to llSSllTe that Lender's interest in the Property m1d rights under this Security Instrument, .and Borrower's obligation to pay the sums .secured by this Security 1nstrument,.shall continue lIn~h:¡nted. Lender:may require that .Borrower p~y such Tein~t:¡tement sums m1d expenses in ODe or more of the following fmms, llS .selected by Lender: (~) cash; (b) money order; (c) certifIed check, hank check, treasurer's check or cashier's check, provided MY 5Uch check is dmwn upon .an institution whose deposits .are insured by ~ federalligency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinst;¡ternent by.Borrower, this Security Instrument m1d obligations secured hereby .shall remain fully effective llS if no .acceleræ:ion.had occurred. However, this right to reinstate shall not .apply in the case of .acceleræ:ion under Section 18. 20. Sale of Note; Change of Loan Serviœr; Notice of Grieunce. The Note or ~ partial interest in the Note (together with this Security Instrument) can be sold ODe or more times without prior notice 10 .Borrower. A .sale :might result in ~ change in the entity (known llS the "LaM servicer") that collects Periodic P~yments Due under the Note .and this Security Instrument .and performs other mortgage lillU1 .servicing obligations under the Note, this Security 1nstrument, .and Applicable Law. There.also :might be ODe or more changes of the Loan Servicer unrelated to ~ sale of the Note. If there is 11 change of the Loan Servicer, .Borrower will be given written notice of the change which will state the name m1d lIddress of the new LillU1 Servicer, the lIddress to which payments MOuld be made .and .any other infonnation RESP A MFWY7TlO (11100) / 042-673487-7 G-6A(WY) (0005).01 @ Page 11 <If 15 2P/ Form 3051 1/01 :111 ,.: ~i~¡:¡¡¡¡:¡¡!¡:¡: i ~ ¡::::: ¡!!l1Iili .0, ........'..... " r .Þ r-23'" ~J'::)~J ' ..L C00711 requires ill connection with 11 notice of trnnsfer of servicing. If the Note is sold.and thereafter the Loan is serviced by 11 Loan Servicer other than the purchaser of the Note, the mortgage lrum .servicing obligations to .Borrower will remain with the Lrum Servicer or be transferred 10 11 successor Lrum Servicer .and Me not assnmec! by the Note purchaser unless otherwise provided by the Note purchaser. Neither .Borrower nor Lender may commen~e, join, or be joined to .any judicia11lCtion (.as either .an IDdividuallitig2nt or the :member of 2 chss) that Mises from the other pm1y's 1lCtions purswmt to this Security lnstrument or that 1llieges that the other pMty luis breached .any provision of, or .any .duty owed by reason of, this Security lnstrument, until.such .Borrower or .under luis notified the other party (with such notice given ill compfumce with the requirements of Section 15) of such 1llieged breach.and .afforded the other pMty hereto 11 reasonable period .after the giving of such notice to take corrective 1lCtion. If Applicable Law provides 2 time period which.must .ebipse before certain 1lCtion can be taken, that time period will be c!eemec! to be reasonable for purposes of this pm:agr2ph. The notice of 1lCCelenrtion .and opportunity to cure given to .Borrower pursuant to Section 22 .and the notice of 1iCCclerntion given to Borrower pursuant to Section 18 5hall be Lleemed to .satisfy the notice.and opportunity to take corrective 1lCtion provisions of this Section 20. 21. Hazardous Substances. As used ill this Section 21: (2) "ßJ:lZardous Subst:m1ces" .are those .substælceS defined.as toxic or l1azardous subst:m1ces, pollutants, or wJiStes by Environment:¡] Law lIDd the following .substælces: gæ;oline, Jœrosene, other flamm:¡hle or toxic petroleum products, toxic pesticides .and .herbicides, vobltile solvents, mat:erUùs cont:¡ining .asbestos or fonn:¡]c!ehyde, .and nuliruu:tive mat:erUùs; (b) "Environment:¡] Law" means federnl hws lIDd hws of the jurisdiction where the Property is located that rel2te to .health, .safety or environmf>Tlt:¡] protection; (c) "Environment:¡] Cleanup" includes .any response 1lCtion, rfflTIf>.cIi~l1lCtion, or reJDOvAl1lCtion, .as defined in Environment:¡] Law; .and (d) .an "Environment:¡] Condition" means 11 condition that can cause, contribute to, or otherwise trigger .an Environment~] Cleanup. .Borrower 5hall not cause or permit the presence, use, .disposal, stornge, or release of .any Hazardous Subst:m1ces, or threaten to release.any ßJ:lZardous Subst:m1ces, on or ill the Property. .Borrower 5hall not do, nor Allow .anyone else to do, .anything Affecting the Property (2) that is ill violation of .any Environment:¡] Law, (b) which creates .an Environmenta] Condition, or (c) which, due to the presence, use, or release of 11 lIazardous Substance, creates 2 condition that .adversely .affects the vAlue of the Property. The preceding two sentf>Tl~es .shall not 2pply to the presence, use, or Btor2ge on the Property of B1ruÙl .qJ¡:¡ntities of Hazardous Substances that Me generlllly recognized to be l1ppropri.ate to no.IIruÙ resic!enti:¡] uses.and to maintenan~ of the Property (indnc!inz, but not limited to, l1azardous substances ill consumer products). .Borrower 5hall promptly give .under written notice of (2) IDlY illvestigation, clIDm, c!em:¡nc!, lawBuit or other 1lCtion by.any govern~t:¡] or regulmory .agency or priV2te party illvolving the Property lIDd IDlY IIazardous Substance or Environmenta] Law of which .Borrower luis 1lCtual .know~e, (b) .any Environmenta] Condition, indnc!inz but not limited to,.any spilling, leaking, discharge, release or threat of release of IDlY Hazardous Substance, lIDd (c) .any condition £aU.Sed by the presence, use or re1ease of 2 IIazardous Substælce which .adversely .affects the vAlue of the Property. If .Borrower learns, or is notifIed by.any governmental or regubltory lUlthority, or.any priV2te party, that.any removAl or other remec!iation of .any IIazardous Substance affe~tinz the Property is T1('l'PSsary, .Borrower 5hall promptly take All necessary rfflTIeðiaJ 1lCtions ill 1lCCOIillmce with Environment:¡] Law. Nothing herein 5hall create.any obligation on Lender for.an Environmenta] Cleanup. MFWY7770 (11100) / 042-673481-1 G-5AIWYI (000S).o1 @ Pßge 12 Df 1S ~d ."" í/---- . form 3051 1/01 ~¡~¡mmm~fi!(j " , .... r::-r"b ~-11 . H':':::~u.tGu..L f" (') 0"'12 I.. U ; I NON-UNIFORM COVENANTS. Eorrower m1d Lender further covenant m1d ~ee ~ follows: 22. AccelerJÚion; Remedies. Lender .shall give notice to BOITower prior to JlCCelerJÚion following .BoITower's breach of IDlY covenant or Jigreemen1 in this Security Instrument (but not prior to .accelerJÚion nnder Section 18 unless Applicable Law provides otherwise). 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 BOITowf!l", by which the defuult must be cured; JU1d (d) that failure to cure the rlefault on or before the date .specified in the notice may result in .accelerJÚion of the.sums secured by this Security Instrument JU1d .sale of the Property. The notice .shall further Ïnfonn BOITower of the right to reinstate after .accelerJÚion.and the right to bring .a court.action to assert the non-existence of .a rlefault or IDlY other defense of BOITower to JlCCelerJÚion .and .sale. If the defuult is not cured on or before the date.specified in the notice, Lender .at its option may require immpriillt{' payment in full of .all .sums secured by this Security Instrument without further ðpmllnri JU1d may invoke the power of .sale .and .any other rpm('riip!: pp..rmitted by Applicable Law. Lender .shall be entitled to collect .all :expenses incuITed in pursuing the remedies provided in this Section 22, inC'll1riing, 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 BOITower JU1d to the person in pm:Sp!:don of the Property, if different, in .accordance with Applicable Law. T .f'nripr .shall give notice of the .sale to BOITower in the mllnnprprovided in Section 13. Lender .shall publish the notice of .sale, .and the Property .shall be .sold in the mllnnpr prescribed by Applicable Law. Lender or its riPldgnpp 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, inC'llIriing, but .not Jimited to, reasonable .attorneys' fees; (b) to .all.sums secured by this Security Instrument; JU1d (c) .any ficeSS to the person or per.sons Jegally f'.ntitled to it. 23. Rf'I('ase. Upon payment of.all.sums se~l1rf'.d by this 5ecurity lnstn.nIreIú. Lender.shall release this Becnrity Tm:tmmffit. Borrower .shall pay .any recordation £osts. Lender may charge Borrower .a fee for rp!p:H:lng this Becurity lnstrument, but only if the fee is paid to .a third party for .serviceB rendered m1d the charging of the fee is pennittpc1 under Applicable Law. 24. W.aivers. Borrower releases m1d waives .all rights under m1d by VITme of the .homestead exemption laws ofWyomin,g. MFWY7770 (11/00) / 042-673487-7 G-6AIWY) (0005).01 @ Pßge13Df 15 ~/ FDrrn 3D51 1/01 )ilj~ ., . '. '<;:;> ,,";::..-. 0::-231 u'.......'"-'0J.'d ~ ::00713 .BY SIGNING .BELOW, .Borrower liCCepts.and BgTees to tbeterms.and covenants cnnt:¡iTIf~ð in this Security I:nst:rumt:nt.and in my Rider execuœd by .Borrower .and recorded with it. Wimp.!:!:p.!:: ~4:¿~ - ~eal) -.Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -.Borrower (&al) -Borrower (Seal) -Borrower (Seal) -Borrower (&al) ..,Borrower MFWY7770 (ll/OO) / 042-673487-7 O:SA(WY) (00051.01 @ P.age 14 of 15 form 3051 1/01 ¡W!:¡;i¡~~¡;i¡¡~iijj:! .'; .~.._, 1:'::""); '>-1 t.~,y"-,,_,,,,;,(j,-=!""'~ .sTATE OF WYOMING, ,... n [! t4Jl I.. V .' { 4 L\'r\~county 55: The foregom,g IDstrument WAS llclmowkdged before me this by :RANDOLPB :E. MOmu:SON I .AN IJNMARRIED MAN My Commi!;!;ionExpires: \b /·J......ol - ~,..- -- ---..,.-...~ NANCY STA.fF.OR D .::--.N...O. ~..A'.ffi'P...U.BlJ . Ie ".-1· COONIY Df sr"1[ (f lIICíW WYor.tNG ~C~~~fi~~;~£:~fL1, MFWY7770 (11/00) / 042-673487-7 G-6AIWYI (0005).01 ~ tW- ~ J J~006 ~ N_""W. -. ' Initials: P_15Df15 FDrm.3051 1/01 " ( - -<rÞ"'1 h 1';......., ..:...., fi._.1. ': ~'-./_,~.~-- !" On t., .(i - 1.. L: l ..l ;) Lot l2 of Block 6 and the Easterly 25 f€et of Lot II of Block 6 of Willow Addition to the Town of X€IIl111€r€r I Lincoln County I Wyoming as described on the official plat ther€of. ~;:;!¡:~;~;~~m;~7;