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First Bank d/b/a First
Banc Mortgage
1 Technology Dr Bldg A
Irvine, CA 92618
Prepared By:
Kevin Dye
1 Technology Dr
Irvine, CA
92618
Bldg A
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RECEIVED 2/6/2006 at 4:02 PM
RECEIVING # 915819
BOOK: 611 PAGE: 633
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER: "!!____
[Space Above This Line For Recording Data]
MORTGAGE
MIN 100312000004162351
DEFINITIONS
Words used in multiple sections of this 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 this document are also provided
in Section 16.
(A) "Security Instrument" means this document, which is dated January 26, 2006
together with all Riders to this document.
(B) "Borrower" is Mitchell True, and, Vicky True, husband and wife
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Borrower is the mortgagor under this Security Instrument.
(C) "MERS" is Mortgage ElectroIÚc Registration Systems, Inc. MERS is a separate corporation that is acting
solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee under this
Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and
telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
DOC #:322591 APPL #:0000485124 LOAN #:0000485124
WYOMING -Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS Form 3051 1/01
ca -6A(WY) (00051
<I> UM52 0005.09 ~
Paga 1 of 15 Initials:' v::t-
VMP MORTGAGE FORMS - (800)521-7291 /'
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(D) ''Lender'' is
First .Bank d/b/a :First .Bane Mortgag€
lender .is .a Corporation
organized m1d existing under :theJ.aws of Btat€ of M:iBsouri
-Lender's.addressis ~ "T€cbnology Dr IDdg A, Trvin€, CA 926lB
(E) "Note" mt:aDS :the promiSsory .note signed by Borrower.and dated January 26, 2006
TheNotestatesthatBorrowerowesl..ender On€ Hundr€d :Eight Thousand and .No/~OO
Dollars
(U.S. $ ~OB, 000.00 ) plus .interest. Borrower .has promised 10pay this debtinr:egu1ar Periodic
P.ayments .and to pay :the debt.in full not later than F€brua.ry l, 2036
(F) "Property" mt:aDS :the property that is described below under the.heading "Transfer of Rights .in the
Property. ..
(G) ''Lo.an'' mt:aDS the debt evidenced by the Note, plus .interest,.any 'Prepayment charges m1d late charges
1Iue under the Note,.and.all sums due under this Security Instrument, plus interest.
(H) "Riders" mt:aDS.all Riders to this Security Instrument that Me -executed by Borrower. The following
Riders.are 10 be executed by Borrower [check box æ; 11pp1icable]:
D Condominium Rider D Second Home Rider
D Planned Unit Development Rider D 1-4 Family Rider
DBiweekly Payment Rider @ Dther(s) Ispecify]
3D-day Occupancy :Rider
.Pr~payment .Penalty :Rider
(I) "Applicable Law" mt:aDS .all controllin,g 11pplicable federal, .state .and local statutes, rt:gU1ations,
ordinances m1d .adn:únistnrtive rules.and orders (that .have the effect of law) æ; well.as .all11pplicable :final,
.non-.appealahIe judicim opinions.
(1) "Commnnity Association Dues, Fees, and Assp¡:;rn1pnts" mt:aDS .all dues, fees, .assessments .and other
charges that .are .imposed on Borrower or :the Property by .a condominillTTl .association, J1omeowners
.association or similar orlYlnÏ7.:!tion.
(K) "Electronic Funds Transfer" mt:aDS.any transfer of funds, o:ther than .a ínlnsaction originated by !:beck,
draft, or similar paper .instrument, which is .initiated :through .an rlectronic tennin:!l, telephonic instrument,
computer, or JDa,gDetic tape so.as to order, instruct, or .authorize .a iin:!nd:!1 institution 10 debit or credit.an
.account. Such term includes, bnt is :not limited 10, point-of-sale írnnsfers, autnm:!tecl teller m:!r.hine
tr:!n~:!r.tions, transfers initi:!t~d by 1elt:phone, wITe transfers, m1d .automated clearinghouse transfers.
(1.,) "Escrow Items" means íhose items ihat.are described in Section 3.
(M) 'MisœllaneOllS Proceeds" means.any cnmpen~:!tion, settlement,.aw.ard of damages, orproœeds paid by
.any ihird party (other ihan inSl1T:!nr.e proœeds paid under :the cover.ages described .in Section 5) for: (i)
.damage 10, or destruction of,:the Property; (ü) cnnclemn:!tion or other taking of all or.any part of:the Property;
(ill) conveyance .in lieu of cnnclemn:!tinn; or (iv) misrepresentations of, or omissions .as 10,:the value .and/or
condition of:the Property.
(N) ''Mortgage Insurance" means insurance protecting Lender.against the nonpayment of, or default on, the
Loan.
(0) "Perjodic P.ayment" means the rt:gU1arly scheduled .au1Ount due for (i) principal m1d .interest under :the
Note, plus (ü).any .amounts under Section 3 of this Security lnstmment.
(P) ''RESPA'' means the ~ .Estate Settlement Procedures Act (12 U.S.c. Section 2601 et.seq.).and its
impl~enti1ll :regulation, Rt;guIation X (24 C.ER.Part 3500), .as they might be ænended from time 10 time,
or .any.additional or successor lezi~IMion or rt:gU1ation that governs the same subject matter. As used in this
Security Instrument, "RESPA" Tefers 10 .all requirements .and restrictions that .are .imposed .in regard to .a
":redenilly rclated JIlO1"tgage lo.au" even if the Loan 1loes .not qualify .as.a ":reder.ally rclated JIlO1"tgage lo.au"
under .RESPA.
@ AdjustabIe Rate Rider
D Balloon Rider
DVARider
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(Q) "SIII'''MSOT in.Interest Dr Borrower" :means JUly party ihat.has iakcn :title Jo jhc Propcny, whether Dr JJOt
1hat party has lIs:5nml'.f Borrowt:r'J nhligllnnn5 11Ddcr íhc Note ndlDr 1hIs Security In.úrnml"Tlt.
'TRANSFER. OF RIGHTS:IN TIlE PROPERTY
This.&curity InctmmfOT1t .secures 10 1.ender:, (i) íhc.re.paymcIlt DC the.l.olu1. JUJd Jill ~,~yt...n";nns ADd
",ntiifil",jItinn. Df íhc Nott; JUJd (rl) jhc pcrmnn:n..... .of J30rr0wer'.s 1XJVCWItS JUJd ~ JJDdcr this
5ccwity In"tn1m"'"t .and 1bc Note. PDt 1hIs pmpose, .Borrowcr lIoes l1creby :mort.gage, gœnt ~ convey
10 MERS (solely JIB Ylnmi...... for I.cndcrlUld J..endcr'JI Jllll"l''''SS0T8 Jmd JISSÍBDS) ~ to :the :successors
..mid J1SSÎ.gDS Df .MERS, with power Df Ale, íhc followln.g .dcscribcd property .located
.:inthe County IIf r.;"cohl :
IType of'R....~Út& ¡un"';,.,;nn) {Name 1IfBccon1iq¡Jnp"¡;"';",,)
PA:RT OF LOT J. DF 1UDCK 23 OF AFTON 'TOWNSITE I LINCOLN LDUNTY I WYOMING
IlESCRIBED MORE PARTIct1!ARLY AS FOLlDWS:
't'IF.mNNING AT 'THE NOJcrmŒsT CORNER DP .sAID LOT J.. BLOCK 23 AND RUNNING
'TIIENc:E EAST ii RODS;
'THENCE SOUTH ~O RODS;
'l'HENc:E WEST ii :RODS;
:rHENCE NORTH J.O RODS 'TO 'THE PLACE OF ~INlUNG.
:P.an:dID Number: J.2-32lB~~-~-D9-J.32. DO
354 ~. 4th .Avenue
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rPmperty .Address.):
which œrœotly.has íhc JUIdœss Df
{Sbvt)
ICIly) ,WJOUlÍD! B3nD ~ Code)
TOGETHER. WITH.all jhc.improvcmems mw Dr.hereafter m:ctcd DJl the property,.and Jill =""'"''''nts,
JIPPlIIÍCD3DCCS, .and :fixtDrcs mw Dr .hcreaftcr A part DC .the property. .All Ir.J'1 a....",,,,,,ts JUJd :I riñitinns .5ha11.2lso
be J:O~ by this .&c.urity lnsln1mcnt. .AI1 of íhc f~ .is :D::fc:m:d 10 .in this Security 1Dstrumcnt JIB íhc
-Propc:r1y. MJ30rr0wcr ltnrl"rch>nrl" .and AB1=S.that.MERS lIOlds DDly lqa1 íit1e to jhc interests BDWtC1i by
J3orrower 1n lhis Security 1nstmmcnt, but, jf 1ICCCSW}' 10 L:omply w.Ith law Dr L:UStmn, MERS (as DOII1inee for
1..endcr ..mid l.cndcr'J EI11"1'J'!<:rolS ADd ASSip) .has the rlEht: 10 acn:ise.any Dr Jill Df those Jn1cœsts, in~llIrli"B,
but mt limited .to, íhc ~ to .:fon:close ~ .JCll .the Property;:and to take JII1}' JIdion ~ Df l..cndcr
indnñi"B. butmUimltcd Jo, JdeasiD¡ ~ I"JI11N>linB this Security 1nstrmncnt.
J30RROWER COVENANTS.that:Borrower.is .lawfully ~ of :the ~ hereby œnveJCd ~.has
:the TiBht 10 mortgage, ~ .and amvcy íhc Property :and 1hat the Property is 11111"111"'11TT1~, 1:XCept for
~h.........., 1)[ m:ord. Borrower wænmts ~ will IIcfcnd .JCDCCilly .the title to Jhc Propcny .ag.aJnst .&1
1:Iaims.and tI""""nrls, subject to.any p.T1M11T1hT..n...... of n:cmd.
THIS .sBC11RlTY JNSTlUJMENT cnmh~f JmIfunn œvcnants.for :national use 'JIDd DOJHmlftmn
J:OVC1aIlt5 with limited VJl.1'ÎAnm:Js by Jnricrl¡~fion to cnp.tih1k- Ji 1JI1ifmm ~ .instmmcDt 1XJ~ :rea.!
property.
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00636
UNIFORM COVENANTS. Borrower .and Lender covenant.and 2gfee.as follows:
1. Payment of Principal, lnterest, Escrow Items, Prepayment Charges, 2Ild 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 1nstrument 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 lnstrument 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 fonus, .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,
instrnlTIp.nt:J 1ity, or entity; or (d) Electronic Funds Transfer.
Payments are deemed received by Lender when received at :the location designated .in the Note or at
.such other location .as may be designated by Lender .in accordance with :the notice provisions .in Section 15.
Lender may retlml any payment or pID1ial payment if:the payment or pID1ial payments are insnffidp.nt to bring
the Loan current..Lender may accept any payment or pmtial payment IDsnffic-.ip.nt to bring the Loan current,
without waiver of any rights J1ereunder or prejudice to its rights to refuse such payment or pID1ial payments .in
:the future, but Lender is not obligated to apply such payments at:the time such payments are accepted.1f each
Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied
funds. Lender may hold such unapplied funds .until.Borrower malœs payment to bring the Loan current. 1f
.Borrower does not do so within a reasonable period of time, Lender shall either apply such:funds or retlml
.them to .Borrower. 1f mt 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 rclieve .Borrower from :making payments due under :the Note and this Security
lnstrument or perfonning :the covenants and 2gf-eements secured by this Security lnstn.nnent.
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
ceach Periodic Payment .in:the order.in which it became due. Any Tf!lTI:Jininz amounts shall be applied fust 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 .Borrower for a delinquent Periodic Payment which includes a
ImffideJlt .amount to pay any late .charge due, :the payment may be applied to :the delinquent payment .and :the
late .charge. If more .than one Periodic Payment.is outstanding, Lender may apply any payment received from
Borrower to :the Iepayment of:the Periodic Payments if, .and to :the extent ihat, each payment can be paid .in
full. To :the extent .that any cexcess exists after :the payment is applied to :the full payment of one or more
Periodic Payments, such cexcess may be applied to any late .charges due. Voluntary prepayments shall be
lIpplied :first to any prepayment .charges and then.as described.in:the Note.
Any application of payments, insurance proceeds, or Miscellaneous Eroceeds to principal due under the
Note shall mt cextend or postpone :the due date, or change :the amount, of:the Periodic Payments.
3. Funds for .Escrow Items. .Borrower shall pay to Lender on the day Periodic Payments are due under
the Note,.until :the Note is paid.in full, a sum (the "Funds") to provide for payment of .amounts due for: (a)
taxes and .assessments and other .items which can attain priority over :this Security .Instrument .as a lien or
-p.nc-.nmhr:Jn~ on the Property; (b) leasehold payments or ground rents on:the Property, if any; (c) premiums
for my .and all insurance required by Lender under Section.5;.and (d) Mortgage Insurance premiums, .if my,
or my sums payable by Borrower to Lender .in lieu of the payment of Mortgage lnsurance premiums .in
accordance with the ]Jfovisions of Section 10. These.items are.called "Escrow Items. " At 01; Vn:Jti on or at any
time during :the term of :the .Loan, Lender may Iequire :that COlTIlTIlmity Association Dues, Fees, .and
Assessments, if my, be escrowed by .Borrower,.and such dues, fees.and assessments shall be llllEscrow ltem.
Borrower shall promptly furnish to Lender all notices of .amounts to be paid under this Section. .Borrower
shall pay Lender ibe Funds for Escrow Items unless .Lender waives .Borrower's obligation to 'pay :the Funds
for my or .all Escrow Items. lender may waive Borrower's obligation to pay to Lender Funds for my or .all
Escrow Items at my íime. Any .such waiver may only be .in writing. In :the event of such waiver, .Borrower
shall pay directly, when and wherce payable, :the :Jmomlt~ due for my Escrow Items for which payment of
])OC ~:322594
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Funds.has been wmved by lender.and, if Lender requir~s, shall furnish to Lender receipts ~virl~nr:inr; such
payment within such :time period 118 Lender :may r~quire. .Borrower's obligation to.make such payments .and
to provide r~ccipts shall for.all purposes be deemed to be 2.covenant .and .agreement .contained .in this Becurity
lnstrument, 118 the phr2Se "covenant .and .agr-eement" is used in .section 9. If .Borrower is obligated to p;¡y
.Escrow lœms rlirectly, purSllaUt to 2 waiver, .and .Borrower fails to pay the .amount rlue for .an Escrow Item,
Lender :may exercise its :rights 11Uder .section 9 .and pay such .amount .and .Borrower shall then be obligated
11Dder .section 9 to r~pay to lender .any such .amount. Lender may r~voke the wmver 118 to .any or all Escrow
lœms 2t.any :time by 2 notice .given in 2Ccordance wiíh Section 15 .and, upon such revocation, .Borrower shall
pay to lender all Funds, .and.in such .amounts, :till1tare then required under this Section 3.
Lender may, 11t.any :time, collect .and hold Funds in.an .amount (a) sufficient to pennit Lender to 1l.PPly
the Funds 2t the :time specified under RESPA,.and (b) not to ~xceed the maximum .amount 2 lender can
r~quire under RESPA.' Lender shall estimate the .amount of Funds due on the basis of CllITent data .and
reasonable estimates of expenditures of future Escrow Items or otherwise in 2Ccordance with App1ic2ble law.
The Funds shall be held in.an institution whose deposits are insured by a federal ;¡gency, inst]1Jm~nt:¡ lity,
or entity (including lender, if Lender is .an institution whose deposits are so insured) or in.any Federal Home
Loan .Ban1e Lender shall 2pply the Funds to pay the Escrow lœms no .illter than the :time .specified under
.RESPA. Lender shall not cl1ar.ge .Borrower for .holding .and .applying the Funds, mmually .analyzing the
1:Scrow 2CCOunt, or verifying the Escrow lœms, unless Lender pays .Borrower inter~st on the Funds .and
Applicable lawpennits Lender to.make such 2 char.ge. Unless .an .agr-eementis made .in writing or Applicable
law requir~s interest to be pIDd on the Funds, Lender shall not be required to pay .Borrower .any interest or
:earnings on the Funds. .Borrower .and Lender can.agree.in writin,g, however, :till1t interest shall be paid on the
Funds. Lender shall give to .Borrower, without charge, .an mmual 2CCOunting of the Funds 118 required by
:RESPA.
If there is 2 surplus of Funds .held .in ~scrow, 118 rle:fined 11Dder RESP A, lender shall 2CCOunt to
.Borrower for the excess fund.s .in .accordance wiíh RESPA. .If there is 2 shortage of Funds .held in ~scrow, 118
rle:fined under RESPA, lender shall notify .Borrower 118 required by RESPA, .and .Borrower shall pay to
lender the .amount necessary to .make lip the shortage .in accordance wiíh RESPA, but .in no more than 12
monthly p;¡yments. If there is 2 rl~fir:i~nr.y of Funds held.in escrow. 118 rle:fined under RESPA, Lender shall
notify .Borrower 118 required byRESPA, .and .Borrower shall pay to Lender the .amount .necessary to make up
the deficiency in 2Ccordance with RESPA, but in no more than 12 monthly p1!yments.
Upon payment ill:full of .all sums secured by this .security 1nstrument, Lender shall promptly refund to
.Borrower .any Funds held by lender.
4. Charges; Liens. .Borrower shall pay all taxes, 118sessments, char.ges, ::fines, .and impositions
.attributable to the Property which can attain priority over this .security 1nstrument, leasehold payments or
,ground rents on the Property. if .any..and Community Association Dues, Fees,.and Assessments, if .any. To the
extent that these items .are Escrow Items, .Borrower shall pay them in the manner provided in Section 3.
.Borrower shall promptly discharge .any lien which has priority over this .security 1nstrument unless
.Borrower: (a) .agrees in writing to the payment of the obligation secured by the lien in 2:manner 2CCeptable to
lender, but only so long 118 .Borrower is perfonning such .agreement; (b) conrests the lien ill good faith by, or
rlefends ,¿¡gainst enforcement of the lien in, legal proceedings which ill Lender's opinion oper2te to prevent the
enforcement of the lien while those proceedings are pending, but only until such proceedings .are concluded;
or' (c) secures from the holder of the lien.an .agr-eement satisfactory to Lender suborrlinMinr; the lien to this
.security 1nstrument. 1f Lender rletmnines :till1t wy part of the Property is subject to 2 lien which can 1lttain
priority over this .security 1nstrument, lender :may give .Borrower 2 notice .identifying the lien. Within 10
:DOC 41 :322595
AFPL 4I:0000485l24
G-BA(WY) (0005)
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rlays of :tlre date on which :that notice is .given, 'Borrower shall satisfy :tlre lien or talœ one or more of:tlre
.actions .set forth .above in this .section 4.
.Lender may require 'Borrower to pay ~ one-time charge for .<l real ~state tax verification ID1dI or reporting
.service used by .Lender in connection with this Lrum.
:5. Property Insurance. 'Borrower shalllœep :tlre :improvements now existing or .hereafter erected on:tlre
Property insured .against loss by fue, lJ.azards included within :tlre renn "extended coverage," llIld .any other
lJ.azards indnrli1l£:, but not limited to, ~uakes llIld :floods, for which Lender requir~s insuranCe. This
insnT:ln~ shall be m;¡int;¡i~d in:tlre.amounts (indnrlin2 derlnctible levels) llIld for the periods :that Lender
requires. What Lender requires pursuant to :tlre preceding sentences 1:aIl change during :tlre renn of :tlre Lo.an.
The insur.ance carrier provliling :tlre insurance shall be chosen by 'Borrower subject to Lender's right to
disapprove Borrower's choice, which right shall not be ~xercised unreasonably. Lender may require
'Borrower to pay, in connection with this Loan, either: (a) ~ one-time charge for :flood.zone detôTI1in;¡tion,
œrti:fication llIld trackin,g .services; or (b) a one-time charge for :flood zone detennination llIld certification
.services llIld subsequent charges' each time remappings or similar changes occur which reasonably might
.affect such detennin;¡tion or certi:fication. 'Borrower shall .also be responsible for th-e payment of .any fees
:imposed by :tlre Federal Emergency 1vf;¡n;¡~ment Agency in connection with :tlre review of .any :flood zone
.detennination resulting:from.an objection by 'Borrower.
1f .Borrower fails to m;¡int;¡in .any of :tlre .coverages.described .above, Lender may obtain insurance
coverage, .at Lender's option llIld .Borrower's ~ense. Lender is under no obligation to purchase .any
pID1icular type or lUIlOunt of coverlige. Therefore, such coverage shall cover Lender, butJIli,ght or might not
protect .Borrower, Borrower's equity in :tlre Property, or the contents of:tlre Property, against .any risk, hazard
or liability llIld might provide' .,greater or lesser .coverage than was previously in ~:f:fect. Borrower
.<lCknowledges :that :tlre cost of:tlre insurance coverage so obtained might Sif?1iii~;¡ntly -exceed :tlre cost of
insurance :that Borrower .could .have obtained. Any lUIlO1lD!S disbursed by Lender JJDder this Section j shall
become .additional .debt' of .Borrower .secured by this Security 1nstrurnent. These.amounts shall bear interest ~t
:tlre Note rate from :tlre date of .disburBeIne11t 1U1d shall be payable, with such .interest, :upon notice :from Lender
to .Borrower requesting payment.
All insurance policies required by .Lender llIld renewAls of such policies shall be subject to Lender's
right to disapprove Buch policies, shall include ~ Btandard .IIlOrtgage clause, llIld shall .name Lender .as
1IlO11gagee ID1dIor.as .an .additional loss payee. Lender shall.have :tlre right to hold th-e policies llIld renewal
certificates. If Lender requires, 'Borrower shall promptly .give to.Lender .all receipts of paidpr-emiums llIld
renewal notices. If .Borrower obtains .any fonn of immr;¡nr.e .coverage, not otherwise required by.Lender, for
.daJruIge to, or .destruction of, :tlre Property, such policy shall include '~ standard mortgage clause llIld shall
.name Lender .as mortgagee ID1dIor.as .an .additional loss payee.
In :tlre event of loss, .Borrower shall.give prompt notice to :tlre insurance .carrier llIld Lender. .Lender may
make proof of loss jf not 1lliide promptly by 'Borrower. Unless Lender llIld 'Borrower otherwise .agree in
writing,.any insurance proceeds, w.hether or not :tlre underlying insur.ance w.as required by .Lender, shall be
.applied to restonrtion or repair of:tlre Property, if :tlre restoration or repair is economi~;¡lly feasible llIld
Lender's .security is not lessened. DllTÌI1g such repair .and restoration period, Lender shall.have :tlre right to
.hold such insurance proceeds ll11til Lender has.bad .an opportunity to inspect such Property to t:DSUre :tlre work
.has been completed to .Lender's Batisfaction, provided :that such inspection shall be lIDdertaken promptly.
.Lender may disburse proceeds for :tlre repairs llIld restoration in ~ sin,gle payment or in 11 Belies of progress
pa}'llleDts .as :tlre work is .completed. Unless.an .agreement is made in wri:ting or Applicable Law requires
interest to be paid on such insurance proceeds, Lender shall not be required to pay .Borrower .any interest or
, ~:rrnings on such proceeds. .Fees for public Mljusters, or other íhird parti-es, retained by .Borrower shall not be
paid out of íbe imnr;¡nce proceeds llIld shall be :tlre Bole obli,gation of Borrower. 1f:tlre :restoration or repair is
not -economi~;¡lIy fe.asible or Lender's Becurity would be lessened, íbe iml1T;¡nce proceeds shall be.applied to
:DOC it :322596
.APPL it: 00004115.124
.-SA(WY) (0005)
ì!)
f'.Ii tISDI15
LOAN it:DDDD4115X24
Initials: ~ FDrm 3051 1101
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(:;. .~;!:~:~:~:~.!:~::. i;
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,.00639
ibe sums Eecured by tllli; Security Instnnnen1, whether or .not :then due, with the excess, n .any, paid to
Borrower. Such insur.ance proceeds Ehall be l1pplied .in the order provided for.in Section 2.
If Borrower .abandons ibe Property, .Lender may file, negotiate and settle .any l1V<illable insI.J:rnI1Ce claim
.and related matters.lf Borrower does .not respond within 30 days to l1.notice from Lender that the .ÏnsurIDICe
.carrier.has offered to settle 11 claim, then Lender may negotiate and settle the claim. The 3D-day period will
begin when the .notice is .given. In cither event, or n Lender .acquires the Property under Section 22 or
otherwise, Borrower .hereby 1LSsÏgns to Lender (11) Borrower's rights to .any insurIDICe proceeds .in .an .amount
not to exceed the .amounts :unpIDd under the Note or tllli; Security Instrument, and (b) .any other of Borrower's
.rights (other than theIight to .any refund of unearned premiums paid by Borrower) under 1111 insurIDICe
policies covering ibe Property, insofar 1LS such rights Me l1pplicable to the cover1lge of the Property. Lender
may use the insurIDICe proceeds :citber to repair or restore the Property or to pay .amounts 1ll1JlliÍd under the
Note or this Security Instnnnen1, whether or not then due.
6. Oœupancy. Borrower shall occupy, establish. and use ibe Property .as Borrower's principal residence
within 60 days zfter the execution of this Security Instrument .and .shall continue to occupy the Property .as
Borrower's prinr.ip¡¡1 residence for 11t least one year zfter the date of occupancy, unless Lender otherwise
llgTees .in writing, which consent .shall not be unreasonably withheld, or :unless eyt~nll:Jtinf circumstances
exist which Me beyond Borrower'E control.
Î. Pr't$erv.ation, J\,fßintf'mml"e 2Dd Protection of the Property; lnspections. Borrower .shall not
destroy, damage or .in:1p1!ir ibe Property, .allow the Property to deteriorate or commit W1LSte on ibe Property.
Wbetber or not Borrower is resid.ing.in the Property, Borrower .shall,Tn:Jint:Jin ibe Property.in order to prevent
ibe Property from deteriorÆing or decreasing .in value due to its condition. Unless it is detennined pursuant to
Section 5 that repair or restor.ation is .not economically feasible, Borrower Ehall promptly repair the Property .if
damaged 10 l1void further deterior.ation or damage. If insI.J:rnI1Ce or conrl~mn:Jtion proceeds 1lre paid .in
connection with damage to, or ibe taking ,of, ibe Property, Borrower .shall be reEponsible' for, repæring or
restoring ibe Property onlyn Lender .has released proceeds for Euch purposes. Lender.may disburse proceeds
for the repairs .and restor.ation .in A single payment or in A series of progress payments .as the work is
completed. If ibe insurIDICe or conci~JT1nMionproceeds Me.not snffir.ient to repair or restore ibe Property,
Borrower is not relieved of Borrower's obligation for the completion of Euch repair or restor.ation.
Lender or its .agent may make reasonable entries upon .and .inspections of the Property. If it .has
reasonable cause, Lender .may .inspect the .interior of ibe improvements on the Property . Lender .shall give
Borrower notièe l1t ibe time of or prior to Euch .an interior inspection speci:fying such reasonable cause.
8. Borrower's Loan Application. Borrower .shall be .in default n, during the Loan l1pp1ication process,
Borrower or .any persons or:entities .acting l1t ibe rlirection of Borrower or with Borrower's lmowledge or
.consent gave materially false, mislelliling, or inaccurate .information or st:Jt~m~nt~ to Lender (or failed to
provide Lender with Tn:Jteri:il .information) .in connection with ibe Loan. Material representations .include, but
Me.not limited to, representations concerning Borrower's OC~T:Jn~y of ibe Property .as Borrower's principal
residence.
9. Protection of Lender's Interest in the Property 2Dd Rights Under this .security lnstrument. If
(a) Borrower fails to perform the covenants and 1lgreements contained .in this Security InstruInent, (b) there is
11 legal proceeding that:might significantly IDfect Lender's .interest .in ibe Property 1lIldIor rights under this
Security Instrument (such .as 11 proceeding.in bankruptcy, probate, for conci~mn:Jtion or forfein.Jre, for
enforcemeut of 11 lien which .may .attain priority over this Security Instrument or to enforce laws or
regulations), or (c) Borrower.has libandoned the Property, :then Lender may do .and pay for w1llitever is
reasonable or Appropriate to protect Lender's .interest .in ibe .Property .and rights 11nder this Security
Instrument, jndnciing protecting 1lIldIor .assessing the v1l1ue of ibe Property, .and securing 1lIldIor repairing
ibe Property. Lender's .actions ean.include, but Menotlimiíed 10: (11) paying.any sums Eecured by Alien which
.bas priority over tllli; Security Instrument; (b) Appearing .in court; .and (c) paying reasonable
:DOC' ~ :322597
APPL ~:00004B5l24
.-ÛA(WY) (00051
CI>
.pAge 7 of 15
.LOAN *: 00004B5l24
Initials: ~h-QL"
....1/'.:::t- FDrm 3051 1/01
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.f . J A .'~ F ~ 0
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, 00640
1Ittorneys' fees to protect its interest in the Property .BDdIor rights 11I1der this Security lnstrurnent, inc:1l1Ciing its
secured position in.a bankruptcy proceeding. Securin£ the Property .includes, but is .not limited to, entering the
Property to make repairs, .change locks, replace or board up rloors .and windows, rlræn water from pjpes,
eliminate building or other !:ode violations or dangerous wnditions, .and .have utilities turned on or off.
Although ~ may take .action under this Section 9, Lender rlœs not .have to rlo so .and is .not under .any
.duty or obligation to rlo so. It is .agreed that Lender incurs .no llilbility for .not tak:in£ .any or .all .actions
~llthori7p.d under this Section 9.
Any .amounts .disbursed by ~ under this Section 9 .shall become Mditional .debt of Borrower
secured by this Security 1nstruInent. These .amounts .shall bear interest .at the Note rate from the .date of
rlisbursement .and .shall, be payable, with such interest, upon .notice from Lender to Borrower requesting
payment.
If this Security lnstrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
If Borrower acquires fee title to the Property, the leasehoW .and the fee title shall not merge unless lender
.agrees to the merger in writing.
10. Mortgage Insurance.1f ~ required Mortgage lnsunmce Mi.a condition of makin£ the Loan,
:Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for .any reason,
the Mortgage Insurance wverß.ge required by Lender œases to be lIvailable from the mortgage insurer that
:previously provided such insurance .and Borrower WMi required to make sepID"1Itely .designated payments
tOWID"rl the premiums for Mortgage lnsurance, :Borrower shall PllY the premiums required to obUlin covemge
substanti1llly equiv1llent to the Mortgage lnsurance previously in effect, .at 11 cost substantially equiv1llent to
the cost to Borrower of the Mortgage Insurance previously in, effect, from M 1Ùtemate lDortgage insurer
.selected by Lender.1f substantially equiv1llent Mortgage lnsunmce !:overage is not lIv2ilable, Borrower shall
continue to pay to Lender the mnount of the sepID'ately .designaterl payments íhat were.due when the insurance
!:overage ce1ISed to be.in effect. ~ will .accept, use .and retain these pllyments Mi 11 l1Dll-refundable loss
reserve in lieu of Mortgage TnSlJr:mœ. Such loss reserve shall be l1Dll-refl1ncbhl~, notwithstmding the fact that
the 1..rum is 1lItim~t~ly paid in full, .and Lender shall.not be required to pay Borrower MY interest or earnings
on such loss reserve..Lender £1IIl.no longer require loss reserve payments jf Mortgage lnsurance !:overage (in
the.amount .and for the period that .Lender requires) :provided by Minsurer selected by ~'.again becomes
lIv1lilable,is obtained, .and Lender requires sepID'ately .designated payments tOWID"d the premiums for Mortgage
Jnsurance. If Lender required Mortgage Insurance Mi .a !:ondition of makin£ the 1..rum .and Borrower WMi
required to make sepID"ately .designated payments tow.ard the premiums for Mortgage TnSl]r~nœ, Borrower
.shall pay the premiums required to m~int~in Mortgage Tmmr~n~ in :effect, or to provide .a .non-refundable loss
reserve, until .Lender's requirement for Mortgage lnsunmce ends.in .accorrlance with MY written.agreement
between Borrower .and Lender :providing for such t~rmin~tion or until t~inMion is required by Applicable
law. Nothing inlhis Section 10.affectsBorrower's obligation to pllyinterest.at the núe provided.intheNote.
Mortgage 1nsunmce reùnburses Lender (or .any :entity íhat purcl1ases the Note) for certain losses it may
incur if Borrower rloes.not :repay the 1..rum Mi .agreed. Borrower is.not 11 party to the Mortgage lnsurance.
Mortgage insurers ev1lIuate their total risk on .all such in~]]r~n~ in force from time to time, .and may
~ into ~m~nt~ with other parties íhat .share or lDOdify their risk, or rerluce losses. These .agreements .are
on tenns .and !:onditions íhat.are satisfactory to the mortgage insurer .and the other party (or parties) to these
lIgf~m~nt~. These .agr~m~nt~ may :require the mortgage insurer to make paymepts using.any source of:funds
íhat the mortgage insurer may .have .av2ilable (which may include funds obtained:from Mortgage lnsurance
:premiums) .
As 11 result of these lIgf~m~nts, Lender, .any purcl1aser of the Note, .another insurer,.any reinsurer,.any
other entity, or .any .affiliate of My of the foregoing, may receive (directly or indirectly) .amounts íhat derive
:from (or might be cl1arac.terized Mi) 11 portion of Borrower's payments for Mortgage 1nsunmce,.in exchange
for sharing or modifying the mortgage insurer's risk, or:reducing losses. If such.agreement provides that M
.affiliate of Lender takes .a share of the insurer's risk in ~Yr.h~nge for .a .share of the :premiums paid to the
insurer, the 1IITIlIJgement is often termed ".captive rcinsurance. " Further:
(.a) Any 5UCh .agreements will not m'fect the .amounts that .:Borrower .has .agreed to p.ay for
Mortgage lnsurance, or .any other terms of the Loan. Buch .agreements will .not .incœase the .amount
.:Borrower will owe for .Mnrtgage Insurance, and they will.not mille Borrower to any rclund.
.DOC ~:322598
A~~L ~:OO{)048512-4
LOAN ~:0000-485124
.~A(WY) (0005)
CI>
PAj ðBDf 15
Initials: C/H[J:f
APt-
Fonn 3051 1/D1
!~;~~m~m~;m~~:
~. f' .:' '-'¡:-'10
U.J-,--,:':::'G,J
,.00641
(b) Any .such .agr_m('nts will not ID'fect the rights Borrower .has - jf 1Uly - with respect to the
Mortgage Insurance under the Homeowners Protection Act of 1998 or 1Uly other law. These rights may
.include the right to reœive certain disclosures, to request 1Uld obtain C"5Inl'f>lIl'Ition of the Mortgage
lnsurance, to have the Mortgage lnsurance terminated automl'ltiC"l'IlIy, 1Uldlor to receive .a refund of any
Mortgage Insurance prf'minm!:: that were unearned .at the time of :such C"5InC"plll'ltion or termination.
11. Assignmpnt of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds Me l1ereby
liSsigned to.and .shall be pmd to Lender.
lf the Property is damaged, such Miscellaneous Proceeds .shall be 11pplied to restomtion or repair of the
Property, if the restonltion or repair is economi~:llIy feasible .and Lender's security .is not lessened. D1lI".Ïng
such repair .and restoration period, Lender .shall1J.ave the . to .hold such Miscellaneous Proceeds until
Lender .has had .an opportunity to inspect such Property to :ensure the work.has been !:omplet.ed to Lender's
.satisfaction, provided that suchmspection shall be undertaken promptly..Lender may pay for the repairs.and
Jestonltion in II single disbursement or in II series of progress pllyments .as the work is !:ompleted. Unless.an
.agreeIIJellt.is made in writing or Applicable law requires interest to be paid on such Miscellaneous Proceeds,
Lender shall not be required to pay Borrower .any interest or earnings on such Miscellaneous Proceeds. lf the
restorwon or repair is not economk:ll1y feasible or Lender's .security would be lessened, the Miscellaneous
Proceeds .shall be llpplied to.the sums secured by this Security Instrument, wl1ether or not then.due, with the
excess, jf .any, pmd to Borrower. Such Miscellaneous Proceeds .shall be llpplied in.the order provided for in
Section 2.
.In the event of.a total taking, destruction, or loss in vlliue of the Property, the Miscellaneous Proceeds
.shall be 1lpplied to the sums secured by this Security Instrument, whether or not then .due, with the :excess, jf
.any, paid to Borrower.
1n the event of II partial taking, destruction, or loss in vlliue of the Property in w.hich the :fair marJœt
vlliue of the Property irru:nedWely before the partial taking, destruction, or loss in vlliue .is :equal to or greater
:than the lUIlOunt of the .sums secured by this Security Instrument immediately before the partial taking,
Destruction, or loss in vlliue, unless Borrower .and Lender otherwise .agree in writing, the sums secured by this
Security Instrument .shall be reduced by the 1III1Ount of the Miscellaneous Proceeds multiplied by the
folloq fra.ction: (a) the total1lIl1Ount of the sums secured immedWely before the partial taking, destruction,
or loss in vlliue divided by (b) the fair market vlliue of the Property immf'c1i=1tely before the partial taking,
destruction, or loss in vlliue. Any balance.shall be paid to Borrower.
1n the event of II partial taking, destruction, or loss in vlliue of the Property in w.hich the :fair market
vlliue of the Property imTTlf'c1i¡¡tf'ly before the partial taking, destruction, or loss in vlliue .is less :than the
.amount of the sums.securedimmf'c1i:ltf'ly before the partial taking, destruction, or loss in vlliue, unless
Borrower .and Lender otherwise .agree in writing, .the Miscellaneous Proceeds shall be .applied to the sums
secured by this Security Instrument wl1ether or not the sums Me then.due.
rr the Property .is .ab.andoned by Borrower, or jf, Mter notice by Lender to Borrower that the Opposing
P.arty (as defined in the Dext sentence) offers to maIœ.an award to settle.a claim for damages, Borrower fails
to respond to Lender within 30 rlays .after.the date the notice .is .given, Lender .is 1lUthorized to !:ollect .and
llpply the Miscellaneous Proceeds cither to restoration or repair of the Property or to the .sums secured by this
Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
MiscellaIJeous Proceeds or the party .against whom Borrower .has .a. of .action in regard to Miscellaneous
Proceeds.
Borrower shall be in rlefault jf .any .action or proceeding, whether civil or criminal, is begun that, in
Lender's jnÒf?J1f'nt, !:ould result in forfeiture of the Property or other.material imp:liTTTIf'nt of Lender's interest
in the Property or Iigbts JJDder this Security Instrument. Borrower can œre such .a default .and, jf .accelerWon
.has OCCl.JD'ed, r:einstat.e liS :provided in Section 19, by L:aUSing the .action or proceeding to be dismissed with.a
ruling that, in lender's jnc1f?J1ent, precludes forfeiture of the Property or other material TInpainnent of
Lender's interest in the Property or:rights under this Security Instrument. The proceeds of .any .award or claim
for ~esthat Me.attributable to the imp:lirmf'nt of Lender's jnterest in the Property Me hereby .assigned
.and shall be paid to Lender.
All Miscellaneous Proceeds that are not .applied to restorwon or repair of the Property shall be .applied
in the order providedfor in Section 2.
:DOC ~:322599
AP~L ~:DDDD4B5l24
G-ßA(WY) (0005)
@
Inttials:
:LOAN '#: DDDD4B5l24
~
F.orm 3051 1/01
p".II" B of 15
~;¡¡¡¡¡¡f'
,.J~v
· , ..' 'r- ii,1.G.
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COC642
12. Borrower Not ~eased; Forbearance By Lender Not 11 W11iver. Extension of the íime for
payment 'or .modification of ænortization of the sums secured by this Security Instrument ,gnmted by Lender
to Borrower or IDlY Successor in Interest of Borrower shall110t operate to release the liability of Borrower or
IDlY Successors in 1nterest of Borrower. Lender shall110t be required to commence proceedings against IDlY
Successor in Interest of Borrower or to refuse to extend time for payment or otherwise .modify .amortization
of the sums secured by this Security lnstrument by reason of IDlY rlernand.made by the original Borrower or
IDlY Successors in 1nterest of Borrower. Any forbear<mce by Lender in exercisin,g IDlY right or remedy
;nr.1nrlinf. without limitation, Lender's .acceptance of paJ1œlÚS from íhirdpersoDS, entities or Successors in
Interest of Borrower or in .amounts Jess íhan the .amount then due, shall not be .a waiver of or preclude the
exercise of IDlY :right or remedy.
13. Joint IDld Sever1Ù Liability; Co-signers; Successors IDld Assigns .Bound. Borrower covenants .and
.agrees that Borrower'.s obligations .and liability .shall be joint .and sever.al. However, IDlY Borrower who
co-signs this Security lnstrument but does 110t execute the Note (a "co-.signer"): (a) is co-sìgning this Security
lnstrument only to mortgage, grant .and convey the co-signer's interest in the Property under the terms of this
.security lnstrument; (b) is not personally obligated to pay the sums secured by this Security lnstnnnent; .and
(c) .agrees that Lender .and IDlY other Borrower 1:al1 .agree to extend, .modify, forbear or make IDlY
.accommodations with regard to the tenns of this Security Instrument or the Note without the co-signer's
consent.
Subject to the provisions of Section 18, IDlY Successor in Interest of Borrower who asSllIlreS Borrower's
obligations under this Security lnstrument in writing, .and is .approved by Lender, shall obtain2ll of
Borrower's rights .and benefits under this Security Instrument. 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 lnstrument 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 servicesperfonned in connection with
Borrower's defuult, for the purpose of protecting Lender'.s interest.in the Property .and :rights under this
Security lnstrument, ;nr.1nniTl£" but 110t Jimited to, 21torneys' fees, property .inspection .and v.aluation fees. .In
regard to IDlY other fees, the .absence of express mlthority .in this Security Instrument to charge .a specific fee
to Borrower shall110t be construed as .a prohibition on the.charging of such fee. Lender may not char"ge fees
that.are expressly prohibited by this Security Instrument or by Ap,p1ic.able law.
If the l.oan is subject to .a law which sets m::lYÍ1llnTll loan char"ges, .and that law is finally interpreted so
íhat the interest or other loan charges collected or to be collected in connection with the Loan exceed the
p~rrnitt~n limits, then: (a).any .such loan charge shall be reduced by the .amount necess.ary to reduce the charge
to the permitted limit;.and (b) IDlY smns .already collected from Borrower w.hich -exceeded permitted limits
will be rclìmded to Borrower. Lender may choose to make this refund by reducin,g the principal owed under
the Note or by mak:in,g .a direct payment to Borrower. If .a reñ¡nd reduces principal, the reduction will be
treated as .a partial prepayment without IDlY prepayment .charge (w.hether or not .a prepayment charge is
provided for under the Note). Borrower's .acceptance of IDlY such refund made by direct payment to Borrower
will constitute a waiver of .any :right of .action B orrower IDi,ght.have.arisin,g out of such overcharge.
15. Notices. All notices .,given by Borrower or Lender in connection with this Security Instrument mnst
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 .mt:aDS. Notice to IDlY one Borrower shall constitute 110tice to .all Borrowers unless
Applicable law fXPTessly requires otherwise. The notice address .shall be the Property Address unless
Borrower .has desi"gnated .a substitute 110tice .address by .notice to .Lender. Borrower .shall promptly notify
Lender ofBorrower'.s .change of .address. If Lender specifies 2. procedure for reporting Borrower's cl1an£e of
.address, then Borrower shall only report.a cl1ange of .address through íhat specified procedure. There may be
only one n~¡¡izn::lt~d notice .address under this Security Instrument .at IDly one time. Any 110tice to Lender .shall
be .,given by 1leliverin,g it or by.mailing it by:first.class mail to Lender's .address .stated berein unless Lender
.has des.ignated .another .address by 110tice to Borrower. Any 110tice in connection with this Security lnstrument
shall not be deemed to.have been .,given to Lender until .actually:received by .ùnder. If IDlY notice required by
this Security 1nstnunent is.also required under Applli:able law, the .Applicable law requirement will satisfy
the correspondin,g requirement under this Security Instrument.
DOC 41:322600
APPL4I:000D485l24
LOAN 41: DODD485l24
Q-1iA{WY) (0005)
(I)
'I'...ge 10 D' 1£
Initials: ·-:Jh?f
.APt"
F.orrn ~D51 1/01
i:¡1::~:::¡:::::::::¡~;:;
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'::;'¡~1¡~~~m~:1
'...,.,.....,..-;..,...,...,
.....................-j..- ,
;"~ .~" ..' ,r:-,81.9
fI...:..}.~_....J<L..i,
00643
16. Governing Law; Severability; .Rules of Construction. This Security lnstnnnent shall be .governed
by fedenù law m1d the law of the jurisdiction in which the Property is located. All rights Æld obligations
contained, in íhis Security Instrument are subject to My requirements m1d limitations of Applicable Law.
Applicable Law 1Dight explicitly or ill1plicitly .allow the parties to .agree by contract or it might be silent, but
such silence shall not be construed .as .a prohibition 4gaÎIJSt .agreement by contræt. 1n the event that My
provision or clause of íhis Security Instrument or the Note conflicts, with Applicable Law, such conflict shall
not affect other provisions of this .security Instrument or the Note which can be .given effect without the
conflicting provision.
As used in this Security 1nstrument: (a) words of the.masculine .gender shall mean Æld include
corresponding neuter words or words of the feminine .gender; (b) words in the singular shall mean Æld
include the plurill Æld vice versa; Æld (c) the word "may" .gives sole .discretion without MY obligation to take
MY ætion.
17. Borrower'.s Copy. Borrower shall be.given one copy of the Note Æld of this .security Instrument.
18. Transfer of the Property or a BenefIcial Interest .in Borrower. As used in íhis Section 18,
"Interest in the Property" .:means MY legal or beneficial interest in the Property, indllrlin£, but not limited to,
those beneficial interests trm1Sferred.in a bond for deed, contract for deed, instJ\ Ilment sales contract or escrow
.agreement, the intent of which is the1ransfer of title by Borrower at a future date to a purchaser.
If illl or any part of the Property or My Interest in the Property is sold or trm1Sferred (or if Borrower is
not a naturill person and a benefidJ\1 interest in Borrower is sold or transferred) without lender's prior written
consent, Lender may require .immediate payment in full of .all sums Becured by íhis Security Instrument.
However, íhis 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 æceleration. The notice shall
provide .a period of not less:than 30 days from the date the notice is .given in æcordance with Section 15
within which Borrower .must pay .all sums Becured by this Security 1nstrument. 1f Borrower fails to pay .these
Bums prior to the :expiration of íhis period, Lender may invoke MY remedies permitted by íhis Security
Instrument without:further notice or demand onBorrower.
19. Borrower's Right to Reinstate After Acœleration. 1f .Borrower meets certain conditions,
.Borrower shall.have the right to .have enforcement of íhis .security 1nstrument discontinued .at MY time prior
to .the earliest of: (a) jive days before S1Ùe of .the Property pursuant to MY power of sale contained in íhis
.security Instrument; (b) such other period as Applicable Law might specify for the t~nninJ\tion of Borrower's
right to reinstate; or (c) entry of a jJ]rI£111ent enforcing íhis Security 1nstrument. Those conditions are that
.Borrower: (a) pays lender.all BUIIlSwhich:then would be due llI1der this Security lnstnnnent Æld the Note as
if no .acceleration.had occurred; (b) cures MY default of MY other covenants or .agreen:Jents; (c) pays .all
apenses incurred in enforcing íhis Security Instrument, indllrliTl£:, but not limited to, reasonable lItlorneys'
fees, property inspection and valuation fees, m1d other fees incurred for the purpose of protecting lender's
.interest in the Property Æld TIghts under this Security Instrument; and (d) takes such .action as lender may
IeaSonably 'require to assure that .Lender's interest in the Property Æld rights under this Security lnstrument,
.and Borrower's ohli£;Mion to pay the sums secured by íhis .security lnstrument, shall continue lIn~hJ\TI£:ed.
.Lender may require that.Borrower pay such reinstJ\tem~nt sums Æld apenses in one or more of the following
fonns,.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 M institution whose deposits are insured by a federal
.agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this
.security lnstrument and obligations secured l1ereby shall remain fully effective as if no æceleration .had
oCCUlTed. However, íhis right to reinstate shall not .apply in the case of acceleration under Section 18.
20. &lIe of Note; Change of Loan Berviœr; Notice of Grievance. The Note or a partial interest in.the
Note (to.gether with íhis .security Instrument) can be .sold one or more times without prior notice to Borrower.
A .sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments
due under the Note Æld íhis Security Instrument Æld perfonns other mortgage loan servicin.g obligations
under the Note, íhis .security lnstnnnent, Æld 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 Æld address of the new Loan Servicer,.the
address to which payments should be made and MY other .infonnation RESPA requires in connection with li
DOC ~:3226D~
AP~L ~:D00D485l24
G-6A(WY) (OOOS)
(i)
'P"g811 lIf 15
LOAN 0#: OOD0485124
Initials: ~ Form 3051 1/01
,,;~-;'
"'-1~ff"'o
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~j'~._;:.:~u
:.- 00644
notice of transfer of servicing. If the Note.is sold .and thereafter the Loan.is serviced by.aloan Servicer other
than the purchaser of the Note, the mortgage lrum servicing obligations to Borrower will reIrulÎ1l with the
loan Servicer or be transferred to .a successor Loan Servicer.and .are,not .assumed by the Note purcl1aser
11IÙeSS otherwise provided by the Note purchaser.
Neither Borrower nor .Lender may comm~nP.e, join, or be joined to .any judicial .action (ilS either .an
.individual Jitigant or the member of.a cl.ass) that.arises from the other party's .actions pursuant to:this Security
lnstnnnent or that .alleges that the other party .hasbreacbt:d .any provision of, or .any duty owed by reason of,
.:this Security 1nstrument, until such Borrower or.under .has noti:fied the other p.arty (with .such notice given.in
compli:m~ 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 t.ake corrective .action. Jf Applic.able law provides .a íime
period wl1ich :must clBpse before certain .action am be taIœn,that íime period will be deemed to be reasonable
for purposes of:this p.ar.agr.aph. The notice of .acce1er.ation.and opportunity to cure given to Borrower pursuant
to Section 22 .and the notice of .acceler.ation given to Borrower pursuant to Section 18 shall be deemed to
satisfy the notice.and opportunity to t.ake corrective.action prov.isions of:this Section20.
21. Hazardous Substanœs. As used in :this Section 21: (.a) "Hazardous Substances" .are those
.substances defined ilS toxic or haurdous substances, pollutants, or WilSteS by EnvironmebtalLaw .and the
following substances: gasoline, mosene, other t1:lmm:lhlp. or toxic petroleum products, toxic pesticides .and
.herbicides, volatile solvents, materials £ont:lining ilSbestos or fnrm:llrlp.hyde, .and r.adio.active :materials; (b)
"Envrronm~nt:llLaw" means feder.allaws.and laws of the jurisdiction w.here the Property.is located that rdate
to .health, safety or environmental protection; (c) ''Environmp.nt:l1 Cleænrp" includes '.any response .action,
remedial.action, or rernov.al.action, ilS defined .in Envrronmp.nt:llLaw; .and (d) .an ''Environmp.nt:ll Condition"
means.a condition that am L:aUSe, contribute to, or otherwise:trigger .an Envkonmp.ntal Cleænrp.
Borrower shall not cause or pennit the presence, use, 1lispos.al, storage, or Ielease of .any Raz.ardous
Substances, or ibre.aten to rclease.any Hazardous Substances, on or .in the Property. Borrower shall.not do,
nor .allow .anyone rlse to do, .anything .affecting the Property (.a) ihat .is.in violation of .any Envrronm~nt:ll
Law, (b) wl1ich cre.ares.an Environmp.nt:ll Condition, or (c) w.hich, due to the presence, use, or rclease of .a
Raz.ardous Substance, cre.ares .a condition ihat .adversely .affects the v.alue of the Property. The preceding Two
sentences shall.not .apply to the presence, use, or storage on the Property of sm.all quantities of Hazardous
Bubstances that lITe Unt=l1y recogni.z.ed to be .appropriate to.nonnal r~~irl~nti:llllSes .and to m:lint~n:lnœ of
the Property (indnrling, but not.limited to, haurdous .substances.in consumer products).
Borrower shall promptly give Lender written.notice of (a) .any .investigation, claim, rl~m:lT}rl ,lawsuit or
other .action by .any ,g0Vffli1m~nt:l1 or regulatory .agency or priv.ate party .involving the Property .and .any
Raz.ardous Substance or Envrronmp.ntal Law of which Borrower -.has .actual Jrnowledge, (b) .any
.Envrronm~nt:l1 Condition, including but not limited to,.any spilling, leaking, discharge, rclease or 1breat of
.release of .any Raz.ardous Substance, .and (c) .any condition caused by the presence, :use or release of .a
Raz.ardous Substance which .adversely .affects the v.alue of the Property.1fBorrower learns, or.is noti:fied by
.any go~mm~nt:ll or IegulatOry .authority, or .any priv.ate party, that.any rernov.al or other r~mp.rli:ltion of .any
Hazardous Substance .affecting the Property .is necessary, Borrower shall promptly t.ake .all.necessary remedial
.actions in .accor.dance with .Envrronm~T\talLaw. Nothing .herein shall cre.are.any obligation on Lender for .an
.Envrronm~nt:l1 Cleanup.
DOC ~:322602
APPL ~:000D4B5124
LOAN ~: 00004B5124
e-fiA(WY) (0005)
@
Page 12Df 15
Initials: -7JM '
AFt'
¡:~lOn 3051 1/01
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00645
NON-UNIFORM COVENANTS. Borrower .and Lender:further £Ovenant .and .agree.as follows:
.22. Acœlermion; Ranedies.I.ender .shall ,give notice to Borrowu prior to.accelermion following
Borrowu'.s breach of 1Uly rovenant or'.agreement m this .security Instrument (but not prior to
.accelermion under .section 18 UIÙess Applicable Law provides otherwise). The notice .shaIl..specify: (a)
the default; (b) the 1lCtion required to cure the default; (c) a date, not jess than 30 day.s from the date
the notice is ,given to Borrower, by which the default must be cured; 1Uld (d) that failure to cure the
default on or before the date .specified in the notice may result m .accelermion of the .sums .secured by
this .security Instrument 1Uld .sale of the Property. The notice .shall further .inform Borrower of the
right to riililstate after .accelermion .and the right to bring a court 1lCtion to assert the nOß-f'xid'en('(' of a
default or any other defense of Borrower to .accelermion and .sale. If the default .is not cured on or
before the date .specified in the notice, I.ender at its option may require .immediate payment in full of
11ll .sums Becured by this .security Instrument without further demand and, may mvoke the power of
.sale and .any other r-emedies permitted by Applicable Law. .Lender :shall be ~tled to collect 11ll
apenses .incurred m pur.suing the ranedies provided in this .section 22, in("llIding, but not Jimited to,
r~onabIe attorneys' fees.and costs of title evidence.
If I.ender .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 .section 15. Lender .shall
publish the notice of .sale, and the Property .shall be .sold.in the m : nner prescribed by Applicable Law.
I.ender or its designee may purchase the Property at any.sale. The proceeds of the .sale.shall be applied
.in the following order: (a) to .all expenses of the .sale, .including, but not Jimited to, r~onable
attorneys' fees; (b) to all.sums Becured by this .security Instrument; .and (c).any ficeSS to the per.son or
per.sons legally entitled to it.
23. .Release. Upon pa~ of Bll sums .secured by 1his Security Instrument, lender shall Ielease 1his
Security lnstrument. Borrower .shall pay .any recordation rosts. lender may charge Borrower .a fee for
I~l~~!:inl1his Security 1nstnnnent, but only jf the fee is paid to.a :third party for.services Iendered.and the
char,gin,g of the fee is pennitted under Applicable Law.
24. W.aivers. Borrower releases.and w.aives .all ri,ghts .under .and by virtue of 1he.homesread exemption
laws ofWyOIDin,g.
:DOC ~ :3226D3
APPL ~:DDDD4B5l24
G1iA(WY) (ODD5)
(!>
f'.age 13 of 15
:LOAN oj¡: DD0D4B5l24
Initials; ~ Form 3051 1/01
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00646
ÐY .sIGNING 1ŒLOW . Ðorrower llCCepts .and ~ees 10 the terms .and covenants contained iníhis
Security 1nstrument.and inMlY Rider executed by Ðorrower .and recorded with it.
W.itnesses:
~~,
Mitchell 'ITue
(Seal)
-BOITower
~~
Vicky ~€
(Seal)
-BolTower
(Seal)
ÆOITower
(Seal)
-BOITower
(Seal)
(Seal)
-BOITOw.er
-BolTOwer
(Seal)
(Seal)
ÆOITOwer
-BolTower
:DOC ~:322Ð04
G::sA(WY) (0005)
(!)
APPL ~:DD004B5124
f'.age 14 Df 15
:LOAN ~: D0004B5.J.24
Form ~051 1/D1
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ili!t!Ò~ä(_i;
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BTAJE OF WYOMING, LiDcolD
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Ol:647
The foregoin,g inst:ruInent wæ; 2clmowledged before me this
by Mitchell "True, Vicky "True
County.ss:
27 AI3
.January n, 2006
My Commission£xpîres: 9-15- 07
DOC C#,322605
I
~~~, /~My~ /, '
Notary Public
.lOO~ 'S~ 1deS saJ!dX3l1OISS!Wwo:::> ÁW
.6UIWO'<M A 1I10:)un
JO ~IS V O ÁlUno:::>
onsnd JJN1.ON . SH3AB 11 \fIH019
G1iA(WY) (0005)
(I)
APPL C#,000D4B5l24
Form 3051 1/01
J.OAN c#: 000D485l24
Page 15Df 15
Initials:~
J'I}:t:
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PREPAYMENT RIDER TO SECURITY INSTRUMENT
Lrum NumbeT: 00004 853.2-4
D1lte: January 26, 2006
BOlIower(s): Mitchell èrrue, 'Vicky èrrue
J<OR VALUE REŒIVED, the lmdp.TI:ÍßJ1p.d ("BOlIower") agree(s) that the following provisions .shall be
incorporared lilto and shall be lleemed 10 mnend and 5Upplp.mp.nt the Mortgage, Deed of Trust or Security Deed of
wen Date.herewith (the "Security 1nstnnnent") executed by BOlIower, ~ 1mstor or mortgagor. :in favor of :Fir.st .Bank
d/b/A :First .BancMQrtgage
("Lender"), ~ bp.np.ñci:ny or IDOItgagee, and lliso 1hat œrtain promissory note (the "Note") of even Date herewith
exe.c,lted by BOlIower :in favor of Lender. To the exten11hat the provisions of this Prepayment Rider (the "Rider")
.are :inconsistent with 1he provisions of the Security Instmment 1IIldIor 1he Note, the provisions of the Rider shaJl
prev1Ú1 over .and.shall snpP.l"sede .any such 'Ïru::onsistent provisions of the Security lnstrument 1IIldIor the Note.
Section'Five of the Note is amffllc!ed to Iead:inits entirety ~follows:
:5. BORROWER'S BIGHT TO PREPAY
I .have the .right to .make payments ill P.rincipal BtIDlY rime before they are liue. A payment ill
Principal only is lmown as a "Prepayment." When I make 11 Prepayment, I will1ell the Note Holder :in
writing that 1 .am Doing BO. I may not ilp.¡:l.ßJ1a1p. 11 payment ~ 11 Prepayment if I .have not made all the
EOIltblypayments liue under1he Note. ,
The Note Bolder willliSe my Prepayments to reduce the 1IIl1Ount of Principal1hat 1 owe under the
Note. However, '1he Note Holder may apply my Prepayment to 1he ~ .and nnpaid :interest on 1he
Prepayment 1IIl1Ount. before applyingmy Prepayment to Ieducethe Principal amount ill the Note. If 1 make
a partial Prepayment, 1here will be no cl1anges :in the liue 1lates of my monthly payment .llIl1ess the Note
Holder agrees:in writing to those cl1anges.
If 1he Note provides for chan~s :in 1he :interest :rnt.e, my partial Prepayment may Iednce my
:monthJy payments.after the first Cfumge Date following my partial Prepayment. However, IDlY reduction
liue to my partial Prepayment may be offset by .an :interestIate :increase.
Ifwithin7wenty:Four ( 2-4 ) months from the 1late of execution of the Security
1nstnunent I.make 11 full or partial Prepayment. .and the total of such Prepayments :in.any 12-month period
exceeds 1wenty (20%) of the mìvnal Principal1lIl1Ount of the loan, I will pay 11 Prepayment !:barge:in.an
amount equa11o.six (6) months' advance:interest on the amount by which the 10tal of my Prepayments
within1hat 12-month period exceeds 'twenty (20%) of the original Principal amount of the loan.
øz.,~k/¿ ~
Mitcbell èrrue
~~~
ì7~ky 'True
Mill,TISTATE:EIRST llEN ARM PREPAYMENT RIDER TO SECURITY INSTRUMENT
7/04
App oj¡: 00004£5:12-4/ LD c#: 0000-4£5:12-4
:F.Bl25U5/Uniprint c# 625,Hii~':;f: ",i
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C00649
ADmSTABLE RATE RIDER
(6-Month LIBOR1ndex - Rate Caps)
(.A~nnHhle 1lurlng Life of Loan) (F1rstBnsioess Day of Prœeding MonthLookback)
THIS ADJUSTABLE RAlE RIDER is made this 25th daYDf .January, 2006
.a.nd'is incorporated into .a.nd shall be deemed to :amend Bnd supplement 1he Mortgage,
Deed of Trust, Dr Security Deed (the -Security Instrument") of the same rlate given by the
.undersigned (the -Borrower") 10 secure the Borrower's Adjustable Rate Note (the "Note") 10
FirBt Bank d/ÌJ/ù FirBt Bane Mortgage
(the -ander") of the same rlate and covering the :property described in the Security
Jnstrument and JocateclBt
354 E. l¡:th AV£nue, Aft on , WY B3~10
~,
{property Addræs]
THE NOTE CONTAINS PROVISIONS ALLOWJNG FOR CHANGES IN THE
JNTEREST BATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE
AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY
DNETJMEANDTHEMAXlMUMRATETHEBORROWER MUST PAY.
ADDITIONAL COVENANTS. In addition 10 the covenants .and .agreements made in the
Security Instrument, Borrower and Lander further covenant.and .agree liS follows:
A. JNTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note provides for.an initial interæt mte of B .100 'Yo.The Note
provIDes for changes in the interest mte.and the monthly payments.lls follows:
** Bee AtT....nAñ ~terest-only Jl.ññAnñnm.
4. JNTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change on the first rlay of February, 2008
:and may change on that day every sixth month theræfter. Each date Dn which my interest
mte could change is called a "Change Date:
MULTJSTATE ADJUSTABLE RATE RIDER 6-Month lJBOR Jndex (AssumahJe during
Life DI.Loan) (FIrst Business Day J..ookhack) - Single Family - FreddIe Mac UNIFORM
INSTRUMENT
1D-B15R (0405) FDrm 5120 3104
œ
P.age 1 j)f 4 Initials: ~
VMP Mortgage Solutions ~.JOy<'.
(500)521-7291 "'VIr /1/'-t-
IJM5~ 0405
I mIMIJIIII~~ ~IJIII WI
DOC 4#: £22134
APPL 4#:oDOD4B5124
LOAN 4#:DooD4B5124
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00650
(B) The Jndex
Beginning with 1he first Change Da1e, my interest rate will be based Dn an Index. The
"Index" is 1he six month London In1erbank Offered Rate (''LlBOR'') which is 1he liverage Df
interbank offered rates for six-month U.S. dollar-denominated deposits in 1he .London
market, liS published in The Wall Street Journal. The most recent Index figure livliilabJe liS
Df 1he first business day of the month immediately preceding the month in which the Change
Date occurs is .cB.lled 1he "Current Index."
If 1he Index js no longer livliilable, 1he Note -Holder will choose li new index which is
based upon comparable information. The Note -Holder will give me notice of1his choice.
(C) Calculation I)f Changes
Before -each Change Date, 1he Note 'Holder will calculate my new interest rli1e by
lidding BeV€I1 and £00 Thousandths
percentagepoint(s) ( 7.£00 %) 10 the Current Index. The Note -Holder will1hen
round 1he result Df this liddi1ion 10 1he nearest Dne-eighth of one percentage point (0.125%).
Subject 10 1he limits stated in Section -4(D) below, this rounded limount will be my new
interest rlite until1he next Change Date.
The Note -Holder will then determine the limount Df 1he monthly payment that would be
sufficient 10 repay the unpaid principal that I lim expected 10 owe at the Change Date in full
Dn 1he maturity date lit my new interest ra1e in substantially equal payments. The resultDf
1his .cB.lculatjon will be 1he new limountDf my monthly payment.
(D) Limits I)n Jnterest Hate Changes
The interest ra1e I lim required 10 pay iit 1he first Change Date will not be greater 1han
lO.lOO %Dr less1han B.lOO %. Thereafter, my interest rate will
never be incrßaSed Dr decreased on liny single Change Date by more thiin
One percentagepoint(s) ( ~. 000 %) from1herate of
interest I have been paying for 1he preceding six months. My interest rete will never be
greater1han l5 .lOO %. "My int€r€Bt rat€ will D€V€r be l-eSB than
B.lOO%."
(E) Effective Date I)f Changes
My new in1erest rete will become effective on -each Chiinge Date. I will pay the limount
Df my new monthly payment beginning Dn 1he first monthly payment da1e lifter the Change
Date until the limountDf my monthly payment changes ligain.
(F) Notice I)f Changes
'The Note -Holder will deliver Dr mail 10 me li notice Df liny changes in my in1erest rate
lind 1he limountDf my monthly payment:before 1he effective date Df liny change. The notice
will include information required by Jaw 10 be given 10 me lind also the 1it1e lind telephone
number of a person who will answer any question I may have regarding the notice.
DOC it :£22~35 APPL it: 00004B5l24 LOAN it: 00004B5l24
G-B15R (D4D5)
(I>
Page2 1)f-4
Initials: ~
~ Fl)rm 5120 3/04
'1/1':';>
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00651
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B. TRANSFER OF THE PROPERTY OR A BENEFJCJAL JNTEREST IN BORROWER
Section 1 B of the SecJJrity Instrument is amended to read as follows:
Transfer of the Property or a Beneficial Jnterest in Borrower. As JJsed in
1his Section 1B, "Interest in the Property" means Bny legal or beneficial interest in
1he Property, including, but not limited to, those beneficial interests transferred in a
bond for deed, contract fur deed, installment sales .contract or escrow agreement,
the intent of which is the transfer of title by Borrower Bt a future date to a
purchaser.
If all or any part of the Property or any Interest in 1he Property is sold Dr
transferred (or if Borrower is not B natural person Bnd a beneficial interest in
Borrower is sold or transferred) without .Lender's prior written .consent, .Lender may
require immediate payment in full of BII sums secured by this Security Instrument.
tiowever, this option shall not be exercised by.Lender if such exercise is prohibited
by Applicable .Law. .Lender Blso shall not exercise this option if: (a) Borrower
.causes to be submitted to .Lender information required by Lender to evaluate the
intended transferee as if a new Joan Were being made to the transferee; and (b)
.Lender reasonably determines that .Lender's security will not be impaired by the
Joan Bssumption .and that the risk of B breach of any .covenant or Bgreement inthis
BecJJrity InstrJJment is acceptable to .Lender.
To 1he extent permitted by Applicable .Law, .Lender may charge B reasonable
fee BS a .condition to .Lender's .consent to the JOBn assumption. .Lender may also
require the transferee to sign Bn assumption Bgreement that is.a.cceptable to
Lender Bnd that obligates the transferee to keep all the promises and Bgreements
made in the Note and in this Security InstrJJment.Borrower will continue to be
obligated JJnder 1he Note and this Security InstrJJment JJnless .Lender releases
Borrower in writing.
If .Lender exercises the option 10 require immediate payment in full, .Lender
shall give Borrower notice of acceleration. The notice shall provide a period of not
Jess than 130 days from the date the notice is given in Bccordance with Section 15
within which Borrower must pay all sums secured by this SecJJrity JnstrJJment. If
Borrower fails 10 pay these sums prior 10 the expiration of this period, .Lender may
invoke Bny remedies permitted by 1his Security Instrument without further notice or
.demand on Borrower.
:DOC =#: 622136
APPL =#:DDDD485l24
LOAN =#: DDDD485l24
O-B15R (0405)
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PBgeB of4
Jnitials: ~
Form 5120 3/04
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..00652
The :próvisicns !::rm-r..+,.,~':¡ .:in the "1Irlrl.,."hnn to Jti.der". signed.by:all .b=owers ~ .her'iri.n.
~... Jler-eby incm;pcrat:..,.d .:into .and .shall Bmend .and Buppl<=ent thiB riùer.
BY SIGNING BElOW, Borrower .accepts Bnd Bgrl3eS 10 1he 1erms .and covenants
contained in 1his Adjustable Rate Rider.
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Mitch€ll 'True
(Seal)
-Borrower
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Vicky True
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
::DOC =#: 622137
G-B15R (0405)
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APPL :#: OOD04B5l2-4
P.age40f4
LOAN :it: 00004 B5l24
F¡mn 51203/04
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00653
Loan Number:
INTEREST-ONLY ADDENDUM
TO ADJUSTABLE RATE RIDER
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DDDD4851.2~~ ~
354E. 4th ~venue, AftOD, WY B3.1.1D
Property Address:
THIS ADDENDUM is made this 2bt:n rlay of ,January, 2 0 06 .and is :ÏncOlpora:ted into 1U1d
:intended to fonn a part of:the Adjustable Rate Rider (:the "Rider") rlated:the same date .as 1:he
Addendum executed by1he undersigned.and payable to
First Bank d/b/a First 'Bane Mortgage
(1:heLender).
TIllS ADDENDUM BupersedeS Section 4 (C) of:the Rider. None Df1:he other provisions of:the
1'I0teMe changed by1his Addendum.
4. lNTERESTRATEAND MONTHLY PAYMENT CHANGES
(C) r~1r~nl:¡fions of Changes
Befon: r.a.ch ChangeDate.1:he Note Holderwill calcu1atemynew :ÏnterestTate by Mding
Beven and 600 Thousandths Pcn::cntagepoint(s) ( ì .£00% )to1hc Cum:nt
lndex for such Change Date. The 11Dte Holder will then round:the result of:this Addition to:the
nearestone-eighth of one perccntage point (O.U5%). Subj ed: 10 the limits stated:inSection
4(D),1his rounded.amount will be my new .interest nte until1:he next Change Date.
DllrinB 1:he firstiive (5) years mrer loan closfug e'interest-onlypcriod"),1:he Note Holder will
.deœnnine1he1l1Ilount of1lwmonthlypaymentthat would be.slIffi~ietrt1o pay.accrued interest on
1:he unpaid principal h:tl:m~. This will be1:hemnount ofmymoníhlypayment until the earlier of
:the next Change Date Dr the œd Df:the interest-onlyperiod unless hnake a yoluntaryprcpayment
of prin~Tal.during such pmod. If I :maJœ a yolunta.1y prepayment of principal during the :interest-
only pmod. my payment :amount for 5Ubseqw:ut payments will be reduced to the 1I1IlOunt necp.!:!:ary
10 pay interest at the then cu:rrent interest:rate on 1hc lower unpaid principal balance.
At 1:he end of the interest-only period 1U1d on:each Change Date íhcreaftcr, the Note Holder will
Determine the BIDOUDÍ of th.emanthly paymentthat would be $llffi~1ent1o repay :in full 1be~mpaid
principal balancetbatI1I1Il:expectedto owe msubmm1Ï:tlly equal mnnthlypayments over:the
:œmaining1erm of the Note. The result of this r.:llr.nl:rrion will bethe:new.amount ofmy:month1y
payment. .Afteríhe:md of1be.:interest-onlypmod,mypayment.amountwill not be.adjusted iiueto
voluntaIyprincipal payments.
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00654
OCCUPANCY RIDER
/
THIS OCCDPANCY JUDERis made this
rlaynf January, 2006
, .andis .incmpomted .and sba11 De .deemed
to mncnd1lIuhnpp1emcntthe Mortgage, Deed Df 'Trust, m &œrity Deed (the ".security In.stnmænt") nfthe
.same rlate, EÏVcn by the'TI11rJ~P.d (the "BDII'D'Wd') to .secure Ðmrowcr'1) Note to
26th
Pirst Bank i1!b/1i1 'First Bane Mortgage
(the~) ofthe.saxne rlate.and covering the Property rlescribed:inthe.security Instmmcnt.and located
.at:
354:È4 4th AV£!I1Ue , Aftan, WY B3UD
BwJonJL1:::'~¡'~~=~infu~umn0W5:
6. Oa:upmc.y. Ðorrower bha1l occupy, 5ÍañlÎ!:h, .and DSe the Property 1iS Ðmrowu'1) J1rincip:t1
JE.~rJ~r.P. within 30 (Thirty) days 1I:Ikrthe accution of this.security Instrmncnt.and.shall
t:ontinneto occnpy the Property 1iS Ðmmwcc',S prindpa 1 Ie.c:irJ~l1ccfor .at1castnncyc¡r.after
:the llate of occnpancy, nnless Lender D1:hcrwise.agrees.in writing, which amscnt .sba111lOt be
unreasonably withheId, m nnless ~ytP.nllatil1g circumstances exist w.hich1lre beyond
Ðmrowcr'.s .control.
ÐY BIGmNG BEWW. Borrower .accepts.and.agreesto :thetepns.and-provisions cmrtail1ed.in:this
Occupancy Jü.dcr.
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