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RECEIVED 2/2412006.at 12:42 PM
RECEiVING # 916209
BOOK: 613 PAGE: 39
.JEANNE WAGNER
LINCOLN COUNTY Cl.ERK. KEMMERER. WY
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ISpace Abovs This.line FDr Becoming Data]
DEFlNITIONS
MORTGAGE
Words used lll1l1nltipJe sections of:this .docmnent.are.ddined bclow.BI1d other wonis lire.ddined in.sections 3.11.13. 18,
20 lllld 21. Certain :rules Iegarding the usage of wonis used in :this dor.11ment .are .also provided in.5ection 16.
(A) "Security 1nstrument" ::means :this oocmnent, which is.daœd ....................... .W:Q~¡¡QPß.. ...... ............ ... .. 1o~ther
with .all Riders to :this .docmnent.
(ß) "Borrower" is ftl!=.¡ç;U~(\.Œl!lI!~ A~P.TA~NYf·.~tm~,~~ A~. Wtf.l¡............... ...... ......... ....................
.................................... .......................... .... ................... .............. ...... ............... ... ... .... ........................ ..................... ............ ... ... ..... ....... ...... ......... ...... ..... ..
.Bonower is theJ1lortgagor under:this Security Jnstrument.
(C) ''lÆnder'' is ]~~Af)I!<' Pf~I~~. YN#;Y...... ......... ............ .......................................... ............ ............... ......
...... ...... ........................ ................... ............... ...... ......... ............ ......... ........ .... ...... .......... . .Lender is .a
.................................... .,............................,........ ...... ............ ....... orgll11i7.eillllld:existing llI1det the laws of
I~.~A1-U!~ )YXl!MIN~............... ...... ............... ...... .........., . .Lender's.address is .~~.\Y.~HINIIT~~~.fP.-il~~.~Q!JJ,.....
AÐ"P.~.. WYJ ~lH1.......................................... ............ ...... . .Lender is the mortgagee llI1det:this Security lnstrunu:nt.
(D) "Note"::means thepromissmy.11Ote.signed by .Bonower lllld.dat.e.d JlU13·J.Q06.............................................. . The
Note 5tateS that .Bonower owes .Lender .QNU!W~~ R!lITn!~KJ:I@U~~NQ l!@ NQ1WP. ... ... ... ... .. ............. ... ... ....,.... ...... ..
.....,.........................................., Dollars (U.S. $ ~~~QQJ!Q ..................) plus :interest. :Bonower .has promised to
pay this .debt in Iegu1ar P.eriodic P.ayments lllld to pay the .debt in full :not later than .pß., )J;.?QQ1. .................. ......... ... ......
................................................................ .......................................... ... ....... ......... ......... .... ...................... ............ ......... .... ......... ...................... .... .................... ...... ..
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(E) ''Property''.means the property !hat is .described below llI1det the hfa,;¡iliTlz "TTa11!l:fer ofllights in the Property. "
(F) ''Loan'' ::means the .debt evidenr.e( by the Note, plus interest, .any prepayment cl1ar~s lllld late cl1ar.8es.due nnder the
Note, lllld .all5UIl1S .due nnder :this Security lnstru:ment, plus inter~t.
(G) ''Riders'' ::means.all Riders to:this Security Jnstrument !hat.are ~JœCDted by :Bonower. The followin,g Riders.are 10 be
'f:JœCDted by.Bonower I check box.as .applicable] :
:0 Adjustable.R1úe Rider :0 Condomi11ium Rider
1XI .B.alloon Rider :0 Planned Unit DevclOjJII]mt Rider
:0 1-4 F.amily Rider TI Biweekly P.aynrent Rider
(H) "Applicable Law" .ID.eaIlS .all contr~ .applicable :fuier.a.J.. .state .and local .st:.atu.te5, 1'f'2J11Htions, ordinanœs lllld
admi11istrative rules lllld orders (!hat.have the effect of law).as wcl1.as .all.applicablefinal, :non-JlPpeaIabJe judicial opinions.
(I) "Comm11nity Association Dues, Fœs, .and Assf'!i:/m1f'11ts" ::means .all-.dues, :fees, .assessments lllld other cl1ar,ges that .are
imposed onBonowt:r or the Property by.a .condominium .association,.ho1I1eow.ner.s.associli1ion or .similar OTf;II11i7.J1t1on,
(J) ''Electronic Funds Tr1WSf.er" .means .any :tr.ans:fer of funds, other than .a transaction nTigi11att".() by cl1eck. .draft, or
.similar paper instrunu:nt. which is initiJltf"-d through.an clectronic terminal, telephonic instrument, .computer, or:IJ1a.81retic
!.ape so.as to order, instruct, .or .authori:re .a fÎ11a11r.Îal -institntion to .debit or .credit.an .account. .such term indnilf"s, but is
.11Ot l.imited to, point-of-we :transfers, .automated tcl1er mar.hi11e transactions, transfers initiatf"II by :telephone, wire
1IliI1sfers, lllld lIutomatf"rI d~ringJ1ouse tr.a.nsfus.
(K) "Escrow 1tems" ::means those items that .are .described in Section 3.
(L) "Miscellaneous .Proceeds" .means .any compensation. settlen1ent, .aw.ard of .dama,ge.o;, or proœed.s paid by .any :third
-party (other than insurance proœeds -paid nnder the coverages .described:in Section 5) Íor: (i) damage to, or .destruction of,
1he Property; (ii) Conilen111l1tion or otfrer ía.kÏ11.8 of.all or.any part of the Property; (ill) convey.ance inJiell of conden111ation;
or (iv) misrepresentations of, or omissions.as to. the v.a1ne.aDd7or .condition of the Property.
(M) "Mo~e Insurance" ::means i11S11TJIT1r.e pr01~ .Lender .against the .:nonpa~ of. or d.efan1t on, the Lrum.
(N) "Perioòic P.ayment" means the I~ly sc ed .amount .due for (i) principallllld .:.interest llI1det the Note. plus
(ii) .an~~ounts nnder Section 3 of this Šecurity lnstru:ment.
(0) " PAil .means the Rt:al Estate Settlement Procedures Act (U U.S. C. §260l ~t 5e9.) .BI1d its ~nm~en~
I~on, ~ X (24 C.P.R. Pm 3500), .as theY:m..i.8ht be JITTIennf"II from tim.e to tim.e, or.any . 'anal or
.sncœssor le' , or Iegnlation that .80vems the 5aII1.e .subjt:ct .matter. As used in :this Security 1nst:run:íent, "RESP A"
Iefers to .all Ieguirements lllld restrictions that .are .imposed.:in Iegard to.a "knerlllly rclBte.d mortgage 1rum" ~vm if the Lrum
.does :not qualifY.as.a "feder.ally IclBte.dJ11ortgage lrum nnder RESPA.
(P) "Sllr('f'!;:~or.in.Interest of .BoITower" ::means .any party that.has :taken 1i1Je to the Property. w.hd:her or.11Ot:that party .has
..assU1I1f.d.Bonower's obliptionsnnder the Note lllld/or:this Security Jnstrument.
TI Second Home Rider
TI Other(s) 15pfrifyJ ......................
'7
TRANSFER OF RIGHTS IN THE PROPERTY
This Security 1nstrum.ent secures to.Lender: (i) the Iepaynrent of the Loan, lllld .all IeIWW.als, extensions lllld moc!ifir.atio11S
of::the Note; lllld (ii)::the perfonnance ofBonower'5 covt:nants lllldJI,gI=er1ts nnder:this Security Tn!;tmment lllld::the Note.
:For this pnrp05e, .Bonower .does .irereby J1lortgage, .8Ian1.BI1d COIlvt:y to .Lender lllld .Lender '5 .succesSOIS lllld.as5Ï.811S, with
'Power of 5alt:. ::the followin,g .described property located in ::the ~~l1octL............................. ...... ........, ...... ..........of
TTy.pe Df flecomin.g .JurisdjctWnJ
+!fJI!=~~~....... .....,........................... ........,......... ............ ... ......... :
[Name Df'RøcQn: in.g .JurisdictWn]
.sEE liC-H£IJl.1ŒA ATT AI:-HEIlHEHETD AND MADE APART tlEHEDf
T~mn 3051 1/D1
WYDMING - Single T.Bmily - Eannie MaelFnsddie Mac UNIFDRM INSTRUMENT
.Ðenkers5ystems, Inc., 51..cIoud, MN fDrm MD-1-WY l!/21l2000
D1: 1/2001 (page 1 of7pages)
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whìcl1 currently has: the addresS" of .I?T.~.~4-Tft~.~~!.!ç........ ... ........................ ...... ... ...... ...... ....:~. ~..\:.':-:.............
[street]
.AFJ:QN. ...... ...... ............... ....... .............. .........., Wyoming: .~;UHT,...................... ... ....... ("Property Address"):
[City] [Zip CodIJ]
TOGEtHER WITH all the improvemem now or hereafter erected on the property, and all easemem,
appurtenances, and fixtures now or hereafter a part of the property, All replacemem and additions shall also be covered
by this Security Instrument. All of the foregoing: is referred to in this Security Instrument as the "Property."
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
mortgage, grant and convey the Property and that the Property is unencumbe~ except for encumbrances of record.
Borrower warrants and will defend generally the title to the Property against all cla.ims" and demands, snbject to any
encumbrances of record..
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
limited variations by jurisdiction to constitute a uniform security instrnment covering: real property.
UNIFORM COVEN ANTS. Borrower and Lender covenant and agree as follows:
1. Payment of PrincipaIr futerestr Escrow Items-r Prepayment Charges, and Late Charges. Borrower shall pay
when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
due under the Note. Borrower shall also pay funds for Escrow ftems pursuant to Section 3. Paymem due under the Note
and this Security Instrument shall be made in U.s. currency. However, if any check or other instrument received by
Lender as payment under the Note or this Security Instrument is returned to Lender unpai~ Lender may require that any
or all subsequent paymem due under the Note and this Security Instrument be made: in: one ormore of the following:
forms, as selected by Lender. (a) cash; (b) money order; (c) certified check, bank: check. treasurer's check or cashier's
check. provided any such check is drawrr upon an institution whose deposits are insured by a federal agency,
instrumentality, or entity; or (d) Electronic Funds Transfer.
Paymem are deemed received by Lender when received at the location designated in the Note or at snch other
location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
payment or partial payment if the payment or partial paymem are insufficient to bring: the Loan current. Lender may
accept any payment or partial payment insufficient to bring: the Loan current, without waiver of any rights hereunder or
prejudice to its rights to refuse snch payment or partial paymem in the future, but Lender is not obligated to apply such
paymem at the time snch paymem are accepted. If each Periodic Payment is applied as of its scheduled due date, then
Lender need not pay interest on unapplied funds. Lender may hold snchunapplied funds until Borrower makes payment to
bring: the Loan current. If Borrower does not do so within. a reasonable period of tinre, Lender shall either apply such
funds or return them to Borrower. If not applied earlier, snch funds will be applied to the outstanding: principal balance
under the Note immediately prior to foreclosnre. No offset or claim which Borrower might have now or in the future
against Lender shall relieve Borrower from making: paymem due under the Note and this Security Instrument or
performing the covenants and agreements secured by this Security Instrument.
2. Application of Payments- or Proceeds. Except as otherwise described in this Section ~ all paymem accepted
and applied by Lender shall be applied in the following: order of priority: (a) interest due under the Note; (b) principal due
under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order irr
which it became due. An:¡ remaining: amoum shall be applied first to late charges, second to any other amounts due under
this Security Instrument, and then to reduce the principal balance of the Note.
If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a snfficient 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 repayment of the Periodic
Paymem 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 more Periodic Paymem, such excess may be applied to any late charges due~
Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.
An:¡ application of payments, insurance proceed5, or- Miscellaneous Proceeds to principal due under the Note shall
not extend or postpone the due date, or change the atnount, of the Periodic Payments.
3. Funds for- Escrow Items. Borrower shall pay to Lender on the day Periodic Paymem 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 assessmem
and other items which can attain priority over this Security Instrument as a lien or encumbrance Oil the Property; (b)
leasehold paymem or ground rem on the Property, if any; (c) premiums for any and all insurance required by Lender
under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the
payment of Mortgage IiIsnrance premiums in accordance with the provisions of Section to. These items are called
"Escrow Items." At origination or at any time during: the term: of the Loan, Lender may require that Community
Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and snch dues, fees and assessmem shall be
an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under- this Section. Borrower
shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for- any or all
Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time.
Any such waiver may only be in writing:. In the event of such waiver, Borrower shall pay directly, when and where
payable, the amounts due: for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender
requires, shall furnish to Lender receipts evidencing: snch payment within such time period as Lender may require.
Borrower's obligation to make snch payments and to provide receipts shall for all purposes be deemed to be a covenant and
agreement contained in this Security Instrument, as the phrase" covenant and agreement" is used in Section 9. If Borrower
is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow
Item, Lender may exercise its rights under Section 9 and pay snch amount and Borrower shall then be obligated under-
Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by
a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in
snch amounts, that are then required under this Section 3.
Lender may, at any time, collect and hold Funds in an amount (a) snfficient to permit Lender to apply the Funds at
the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender
shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
Escrow Items or otherwise irr accordance with Applicable Law.
The Funds shall be held in an institution whose deposits are insured by a federal agency, instrnmentaIity, or entity
(including: Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender
shall apply the Funds to pay the Escrow Items no later than the time specified under RESP A. Lender shall not charge
Borrower for holding: and applying: the Funds, annually analyzing the escrow account, or verifying: the Escrow Items,
unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an
agreement is made irr writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to
pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest
shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required
by RESP A.
If there is a surplus of Funds held in escrow, as defined under RESP A, Lender shall account to Borrower for the
excess funds in accordance with RESP A. If there is a shortage of Funds held in escrow, as defined under RESP A, Lender
WYOMING - SingJ& Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT
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Bankers- Systems. InC'.. s~. Claud, MN Fa,or MD-I-WY B/21/2oo0
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.shall notify Borrower .as required by RESPA, .and Borrower .shall-pay to .Lender the .amount "11~œ ; ;;ITY to :ma1œ up the
.shortage :in .accordance with RESPA, but .in no more than 12 :monthly payments. If there is .a deficiency of F1mds J1eld .in
escrow, .as .defined 11Dder RESPA, Lender .shall notify .Borrower .as required by RESPA, .and .Borrower .shall pay to Lender
the 1lIl1ountnecessary to:ma1œ up the.defic.iency .in.accordancewithRESPA, but.in no more than 12:monthlypayments.
Upon -payment :in:full of.all sums secured by this Security lnstrument, 1.ender .shall promptly re:fund to Borrower .any
Funds J1eld by .Lender.
4. Charges; Liens. .Borrower shall pay .all .taxes, .asse ;rnlent ;, cl1arges, fines, .and jmpositions.attributable to the
Property w.hich .can .attaÚ1 priority over this Security .Instrument, leasehold payments or ground rents on the Property, .if
.any, .and Cnmmlmity Association Dues, Fees, .and Assesrnlents, if .any. To the f:X1cDt that these items .are Escrow 1tems,
.Borrower.shall pay them.in the.manner prov.ided.in Section 3.
.Borrower .shall promptly discharge .any lien w.hich l1.as priority over this Security lnstrument lIDless .Borrower: (a)
.agrees .in writing to the payment of the obligation secured by the lien .in .a.manner .acceptable to..Lender, but only so long .as
Borrower is perfo:rming such .agreement; (b) .contests the lien ..in good faith by, or defends .against :enfor.cement of the lien
.in, legal proceedings which .in Lender's opinion operate to prevent the :enfor.cement of the lien while those proceedings are
pending, but only until such proC'Pf"rlinr;s are .conchlCif"1i; or (c) secures from the .holder of the lien .an.agreement satisfactory
to Lender .subordinatinr; the lien to this Security lnstrumen1. If Lender .detemrines that.any part of the Property is subject to
.a lien which .can .attain priority over this Security .Instrument, Lender may give .Borrower .a notice .identi:fying the lien.
Within 10 .days of the .date on which that notice is given, Borrower shall satisfy the lien or 1alœ one or :more of the .actions
set forth .above .in this Section 4.
Lender may require Borrower 10 pay .a one-time cl1arge for .a real estate tax verifi~ation .and/or reporting service
used by Lender .in .connection with this Loan.
.5. :Property lnsurance. Borrower shall Jœep the improvt:meIlts now ~xisting or J1ereafter ~rected on the Property
insured .against loss by fue, ha7.3Tds jnc:lnðed within the term "eTtl"nnf>d coverage," .and.any other .hazards inclndi11l, but
not limited 10, earthqualœs .and floods, for which ..Lender requires insurance. This lmmTance .shall be maintained .in the
.amounts (including !leductible levels) .and for the periods that .Lender requires. What Lender requires -pursuant to the
preceding .sentences .can .change .during the term of the Loan. The.insurance.can:ier -proviiling the.insurance shall be chosen
by Borrower .subject to Lender's :right to disapprove .Borrower's choice, which right.shall not be i:JœI'cised unreasonably.
Lender may require Borrower to pay, .in .connection with this Loan, rither: (a) a one-time cl1arge for flood zone
.deternrination, .certification .and trac:king services; or (b).a one-time charge for :flood zone .determination .and .cert.ifi.ca.t.on
services .and .subsequent cl1arges each time remappings or shnilar .changes occur which reasonably 1IlÍght .affect such
.deternrination or .certification. .Borrower shall also be responsible for the payment of .any fees :imposed by the Federal
Emergency .Management Agency .in connection with the review of .any flood zone d~t~ination rfsnlting from .an
objection by :Borrower .
Jf .Borrower fails to maintain .any of the .coverages .described above, ..Lender may obtain ;nsl1T;mœ .coverage, .at
..Lender's option .and .Borrower's expense. ..Lender is under :no obligation to purchase .any :particular type. or .amount of
.coverage. TJ1erefore, such .coverage .shall cover Lender, but might or 1IlÍght not ]JIotect .Borrower, .Borrower's ~quity .in the
Property, or the contents of the Property, .against.any:risk,.hazard or liability .and 1IlÍght provide greater or lesser .coverage
than w.as previously :in ~ffect. .Borrower .acknowledges that the £ost of the in$llTan~ £overage .so obtained 1IlÍght
sigJIificantly ~:xceed the .cost of insurance that .Borrower .could .have obtained. Any .amounts disbursed by Lender 11Dder this
Section j 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 payable, with .such interest, upon notice from ..Lender to
:Borrower requesting payment.
All lnSllTance policies required by ..Lender .and :renewals of such policies .shall be subject to ..Lender's right 10
.disapprove .such policies, .shall .include .a standard mortgage .clause, .and .shall name .Lender .as :mortgagee .and/or .as .an
.additional loss payee. Lender .shall .have the right to 110ld the policies .and renewal œrtificates. 1f .Lender requires,
.Borrower.shall promptly give to..Lender .all receipts of paid pr~;nms .and renewal notices. If .Borrower obtains .any fonn
of insurance .coverage, not otherwise required by.Lender, for ..damage to, or.destruction of, the Property, such policy .shall
.include a .standard :mortgage .clause .and .shall name Lender .as :mortgagee .and/or .as .an .additional loss payee.
.In the ~vent of loss, Borrower shall give prompt notice 10 the .insurance .carrier .and Lender. ..Lender maY:ma1œ -proof
of loss jf not :made promptly by .Borrower. Unless .Lender .and .Borrower otherwise .agree :in writing, .any .insurance
-proceeds, whether or not the underlying .insurance w.as -required by Lender, .shall be .applied to restoration or repair of the
Property, .if the restoration or repair is ~onomically feasib1e .and ..Lender's security is not .lessened. D1.IIing .such repair .and
restoration -period, Lender .shall .hav~ the right to .hold .such ilJsl1Tan~e proceeds until ..Lender .has .had .an opportunity to
inspect such Property to :ensure the work.has been .completed 10 Lender's .satisfaction, prov.ided that .such .inspection shall
be undertaken promptly. ..Lender may disburse proceeds for the repairs .and restoration .in .a single payment or :in .a series of
progress payments .as the work is .completed. Unless.an.agreement is :made .in writing or Applic.able Law requires .interest
to be paid on .such .insurance proceeds, Lender .shall not be required to pay .Borrower .any interest or :earnings on such
proceeds. F.ees for public .adjusters, or other third parties, retained by Borrower .shall not be paid out of the insurance
prO£eeds.and.shall be the sole obligation of .Borrower. lithe :restoration or repair is not t:Cl111nmic..ally feasible or Lender's
.security would be lessened, the .insurance proceeds .shall be.applied to the sums securf.d by this Security lnstnnnent,
whether or not then due, with the excess, jf .any, paid to :Borrower. Such insl1Tanœ proceeds .shall be .applied :in the order
prov.ided for ..in Section2.
Jf Borrower .abandons the Property, Lender:may file, :.negotiate .and settle .any .av.ailable .insurance claim .and rclated
:matters. Jf .Borrower !loes not respond within 30 .days 10 .a notice from Lender 1hat the .insurance .carrier .has offered to
settle .a claim, then.Lender may TIej?;otiate .and settle the..claim. TIle 30-.day -period will begin when the notice is given. .In
~ither ~v~, or if Lender .acquires the Property under Section 22 or otherwise, Borrower J1ereby .assigns to Lender (a)
Borrower's rights 10.any.insurance proceeds :in.an.amount:not to:exceed 1he amnnnts unpaid under the Note or this Security
lnstrument, .and (b) .any other of .Borrower's:rights (other than the right to .any rdund of lmf>aTl1f"1i ]J1"fT11inms paid by
Borrower) 11Dder .all .insurance policies .covering the Property. .insofar .as such:rights .are .applicable 10 the .coverage of the
Property. ..Lender may use the .insurance proceeds ~ither to repair or restore the Property or to pay .amounts .unpaid under
the Note or this Security.Instrument, whether or not then due.
6. Occupancy. Borrower shall occupy, ~sta.blish,.and use the Property .as Borrower's principal residence w.ithin 60
.days after the :execution of this Security lnstrument .and .shall .continue to occupy the Property .as .Borrower's principal
residence for .at least one year .after the.date of oL:Cl.lpaJ1C)', l1Il1ess Lender otherwise .agrees .in writing, w.hich .consent shall
not be unreasonably withheld, or unless e:xtenna!inz circumstances:exist whichare beyond:Borrower's .control.
'7. Pr£serv.ation, J\{ainfJ>mm('e .and Protection of the Property; lnspections. Borrower shall not .destroy, .damage
or :impair the PIOperty, .allow the Property 10 .deteriorate or .commit w.aste on the Property. Whether or not Borrower is
Iesiding ..in the Property, Borrower .shall maintain the Property .in order to prevent the Property from .deteriorating or
~easing .in value due to its .condition. Unless it is n~t~inf>..d pursuant to Section 3 that repair or restoration is not
~nnnmi~a])y feasible, .Borrower .shall promptly repair the j)roperty if dam::t.ged 10.avoid further .deterioration or .damage,
Jf insurance or .cnndenmation -proceeds are paid .in .connection with ..damage to, or the taking of, the Property, .Borrower
.shall be responsible for Iepairing or Iestoring the Property only if Lender.has released proceeds for such :purposes. ..Lender
may .disburse proceeds for the repairs .and restoration .in .a .single -payment or ..in.a.series of progress payments .as the work is
.cnmplf>tl"d. Jf the .insurance or .cnndP.tT1Tlat;on proceeds .are :not snffident 10 repair or restore the j)roperty, .Borrower is not
rclÏevt:d of.BorroWt:r's obligationfor the .completion of such repair or Iestoration.
WYOMING - 5in.! le TBmily - T.Jllnnie Maelfreddie Mac UNIFORM JNSTRUMENT
AMonn3D51 1/D1
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tèIDtêr or its agent may make reasonable entries upon and. inspections of the Property. If it has reasonable cause,
Lender may inspect the interior of the improvements 011 the Property. Lender shall give Borrower notice at the. time of or
prior to such an interior inspectiOIl specifying such. reasonable cause.
8. Borrower'~ Loan Application. Borrower shall be irr. default if, during the Loan application proces~, Borrower
or any persons or entities acting at the directiOIl of Borrower or with Borrower's knowledge or consent ga.ve materially
false, misleading. or inaccurate inforrnatioll or statements to Lender (or failed to provide Lender with. material
information) irr. connection with the Loan. Material representations include, but are not limited to, representations
concerning Borrower's occupancy of the Property as Borrower's principal residence.
9. ProtectiOIl of Lender'~ Interest in the Property and Rights Under this Security Instnnnent. If (a) Borrower
fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that
might significantly affect Lender's interest in the. Property and/or rights under this Security fnstrnment (such as a
proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a liell which may attain priority
over this Security fnstrument 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 fnstrnment, including protecting and/or assessing the value of the Property, and securing and/or repairing the.
Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which. has priority
over this Security Instrument~ (b) appearing irr. court~ and (c) paying reasonable attorneys' fees to protect its interest in the
Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing
the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors
and windows, drain water from pipes, eliminate. building or other code violations or dangerous conditions, and have
utilities turned 011 or off. Although Lender may take actioll under this SectiOIl 9, Lender does not have to do so and is not
under any duty or obligatioll to do so. ft 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 payable,
with such interest, UpOIl notice from Lender to Borrower requesting payment
If this Security Instrument is 011 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 Insurance as a condition of making the Loan, Borrower
shall pay the premiums required to maintain the Mortgage Insurance irr. effect. If, for any reason, the Mortgage Insurance
coverage required by Lender ceases to be available from the mortgage. insurer that previously provided such insurance and
Borrower was required to make separately designated payments toward the. premiums for Mortgage Insurance, Borrower
shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously irr. effect,
at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously irr. effect, from an alternate
mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower
shall continue to pay to Lender the amount of the separately designated payments that were due. whell the. insurance
coverage ceased to be irr. effect. Lender will accept, use and retairr these payments as a norr--refundable loss reserve irr. lieu
of Mortgage Insurance. Such loss reserve. shall be nOll-refundable, notwithstanding the fact that the Loan is ultimately
paid irr. 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 Insurance coverage (irr. the amount and for the period that Lender
requires) provided by an insurer selected by Lender agairr. becomes available, is obtained, and Lender requires' separately
designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition
of making: the Loan and Borrower was required to make separately designated payments toward the premiums for
Mortgage. Insurance, Borrower shall pay the premiums required to maintairr Mortgage Insurance irr. effect, or to provide a
non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends irr. accordance with any written
agreement between Borrower and Lender providing: for such. termination or until termination is required by Applicable
Law. N othirr.g: in this Sectioll 10 affects Borrower's obligatioll to pay interest at the rate provided irr. the Note.
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
Borrowerdoes not repay the Loan as agreecl Borrower is not a party to the Mortgage Insurance.
Mortgage insurers evaluate their total risk on all such insurance irr. force from time to time, and may enter into
agreements with other parties that share or modify their risk. or reduce losses. These agreements are OIl terms 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 (which. may include funds obtairr.ed from Mortgage Insurance premiums).
As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity,
or any affiliate of any of the foregoing:, may receive (directly or indirectly) amounts that derive from (or might be
characterized as) a portion of Borrower's payments for Mortgage Insurance, irr. exchange for sharing or modifying: the.
mortgage insurer's risk, or reducing: losses. If such agreement provides iliat an affiliate of Lender takes a share of insurer's
risk irr. exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance."
Further.
(a) Any such agreemerrts will not affect the amounts that Borrower has agreed to pay for Mortgage
Insurance, or any other ten:ns of the Loan. Such agreements will not increase the amount Borrower will owe for
Mortgage Insurance, and they will not entitle Borrower to any refund.
(b) Any such agreements will not affect the right~ Borrower has-if any-with respect to the Mortgage
Insurance under the Homeownen Protectioll Act of 1998 or any other law. These rights may include the right to
receive certain disclosures-, to request and obtain canCeIIatiOIl of the Mortgage Insurance, to have the Mortgage-
Insurance terminated. automatically, and/or to receive a refund of any Mortgage Insurance premiums that were
unearned at the time of such cancellation or termination.
11. Assignment of Miscellaneo1IS" Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and
shall be paid to Lender.
If the Property is damaged, such. Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if
the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoratioll
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 that such inspection shall be.
undertakeII promptly. Lender may pay for the repairs and restoratioll irr. a single disbursement or in a series of progress
payments as the work is completed. Unless an agreement is made in writing: or Applicable Law requires interest to be paid
on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings OIl such.
Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened,
the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with.
the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied irr. the order provided for irr. Section 2.
In: the event of a total taking, destructioll, or loss irr. value of the Property, the Miscellaneous Proceeds shall be:
applied to the sums secured by this Security fnstrnment, whether or not theII due, with. the excess, if any, paid to
Borrower.
In: the event of a partial taking, destruction, or loss in value of the Property irr. which the fair market value of the
Property immediately before the partial taking. destruction, or loss irr. value is equal to or greater than the amount of the
sums secured by this Security Instrument immediately before the partial taking, destruction, or loss irr. value, unless
Borrower and Lender otherwise agree irr. writing, the sums secured by this Security fnstrnment shall be reduced by the
WYOMING - Single' Family - Fannie Mae/FreddIe Mac UNIFORM INSTRUMENT
Form 30~;T
(pagl!4-ofTpages) ~ '
B.nk....sSystems.lnc,. St. Cloud. MN Form MO-I,WY 8/21/2000
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.amount of the Miscellaneous PIDceeds.multiplied by the follo~ fraction: (a) the total amount of the sums secured
.linmediately before the partial taking, destruction, or loss m value divided by (b) the fair .market v.alue of the Property
.immediately before the partial taking, destruction, or loss m value. Any balance.shall be paid to Borrower.
.In the event of li partial taking, destruction, or loss m value of the Property m which the fair .market value of the
Property immf"..rliatp.ly before the partial taking, destruction, or loss m value is less than the amount of the 5UIIlS .secured
immediately before the partial .taking, destruction, or loss m value, unless Borrower .and Lender otherwise ligIœ m
writing, the Miscellaneous Proceeds .shall be applied 10 the sums .secured by .this .security 1nstrument whether or .not the
.sums .are then due.
If the Property is'libandoned by Borrower, or ll, .after notice by'Lender to Borrower that the Opp~ P.arty (as
defined m the.next sentence) offers to :make.an aWMd to .settle a claim for damages, Borrower fails 10 respond to Lender
within 30 days .after the date the notice is given, Lender is .authorized to collect .and li.Pply the Miscellaneous Proceeds
cither 10 restor.ation or repair of the PIDPerty or to the sums secured by.this Security lnstrument, whether or not then due.
"Opposing P.arty" means the third party that owes Borrower Miscellaneous Proceeds or the party Bga.ÌnSt whom .Borrower
.has a right of .action m regard 10 Misccllaneous Proceeds.
Borrower .shall be m default II .any liCtion or pIDceeding, whether civil or criminal, is begun :that, m Lender's
judgment, could result m forfein.1re of the PIDperty or other IDaterial impaiTment of Lender's .interest m the .Property or
rights under:this .security lnstrument. Borrower.can cure such a .default .and, II .acccleration.has occurred, reinstate .as
provided m .section 19, by.causing the .action or proceeding 10 be dismissed with a:rulin,g that, m Lender's judgment,
precludes forfeiture of the Property or other .material.impainnent of Lender's .interest m the Property or rights under .this
Security 1nstrument. The proceeds of .any liwMd or claim for dama.r;e" that .are.B1tributable to the ..impainnent of Lender's
interest m the .Property .are .hereby liSSigned and .shall be paid to Lender .
All Misc..ellaneous .Proceeds that Me not lipplied to restoration or repair of the .Property .shall be li.Pplied m the order
provided for m .section2.
12. Borrower Not Released; Forbearance ]Jy Lender Not Jl W.aiver. Extension of the time for payment or
modification of .amortization of. the sums secured by .this .security lnstrument gnmted by Lender to Borrower or .any
.successor m Jnterest of Borrower .shall not operate to release the liability of .Borrower or .any ·Successors·.in .Interest of
.Borrower. Lender.shall not be required to commence pror.et'ilints Bga.ÌnSt .any .successor m .Interest of Borrower or to
refuse to extend time for payment or otherwise modify .amortization of the 5UIIlS secured by .this Security lnstrument by
reason of .any demand :made by the original Borrower or .any Successors m .Interest' of .Borrower. Any forbearance by
Lender .in exercising .any right or remedy .:including, without limitation, Lender's .acceptance of payments from third
persons, entities or Successors.in .Interest of .Borrower or m .amounts less than theBmount then due, .shall not be li waiver
of or preclude the exercise of .any right or remedy.
13. Joint .and SeverBl Liability; Co-:signers; Successors .and Åssigns Bound. .Borrower covenants .and ligIœs that
Borrower's obligations .and liability .shall be jomt .and several. Rowever, .any Borrower who co-signs this .security
lnstrument but does not execute the Note (a "l;o-signer"): (a) is co-signing .this Security 1nstrument only to mortgage, grant
.and convey the co-signer's .interest m the Property under the tenns of.this .security 1nstrument; (b) is not personally
obligated 10 pay the sums secured by .this Security lnstrument; .and (c) ligIees that Lender .and .any other Borrower l;an ligIee
to extend, .modify, forbear or:make .any .accommodations with repn:l to the tenns of this .5ecurity Instrument or the Note
without the co-~'s consent.
Subject to the provisions of Section 18,.any Successor m .Interest of Borrower who assumes Borrower's obligations
under this .security 1nstrument .in writing, .and is lipprOVed by Lender, .shall obtaill.all of .Borrower's rights .and benefits
under this Security 1nstrument. Borrower .shall not be released from Borrower's obHzation" .and liability under .this
.security lnstrument unless Lender .agrees to such release m writing. The covenants .and .agreements of .this Security
lnstrument.shall bind (except as provided m Section 20).and benefit the successors .and assigns of Lender .
14. Loan Charges. Lender .may charge Borrower fees for .services perfonned m connection with Borrower's
.default, for the purpose of protecting Lender's mterest m the Property .and rights under .this Security lnstrument, .:including,
but not .limited to, .attorneys' :fees, property inspection .and valuation fees. .In regard to .any other :fees, the .absence of
express lillthOrity m .this Security lnstrument to charge a specific :fee to .Borrower .shall not be construed .as li prohibition on
the chargjng of such fee. Lender .may not charge fees that .are expressly prohibited by .this .security 1nstrument or by
Applicable.Law.
If the Loan is subject to li law which sets maximnm loan charges, .and that law is :finally interpreted so that the
.interest or other loan charges collected or to be collected m connection with the Loan exceed the p=ittf"d limits, then: (a)
.any such loan charge .shall be.reduced by the Bmount .necessary to reduce the charge 10 the permit1ffi limit; .and (b) .any
5UIIlS already collected from Borrower which .exceeded permit1f'.d .limits will be refnnilf'.cf to .Borrower. Lender IDaY choose
to:make .this refund by T~rlnr.inz the principal owed under the Note or by .making li direct payment to Borrower. If li refund
reduces principal, the reduction will be treated .as li partial prepayment without .any prepayment charge (whether or.1lOt a
prepayment charge is provided for under the Note). Borrower's.acceptance of .any such refund.made by direct payment to
.Borrower will l;onstinJte a waiver of .any right of .action Borrowerm.ight have .arising out of such overcharge.
15. Notices. All notices given by Borrower or Lender m l;ODneCtion with this .security lnstrument :must be .in
writing. Any ::notice to Borrower m connection with .this Security lnstrument .shall be deemed to have been givt:I1 to
.Borrower when:mailed by first class.mail or when .actually delivered to Borrower's notice .address jf .sent by other means.
~otice to .any one Borrower .shall constiUlte notice to.all Borrowers .unless Applicable .Law expressly requires otherwise.
The notice .address .shall be the Property Address unless Borrower .has desiznatP.rl a substinJte notice .address by .notice to
Lender. Borrower.shall promptly notify Lender of Borrower's change of .address. If Lender specilles li procedure for
.reporting Borrower's change of .address, then .Borrower .shall only report a change of .address through that 5pecified
procedure. T.here IDaY be only one d~"ivated notice .address under.this Security lnstrument lit.any one time. Any notice to
Lender .shall be given by delivering jt or by mailinz jt by first class.mail to Lender's .address stated .herein unless Lender
.has d~"izn;¡tf'd .another .address by notice 10 Borrower. Any notice.in l;Onnection with .this .security lnstrument .shall not be
.deemed 10.have been given 10 Lender until .actually received by Lender. If .any .notice required by this Security .Instrument
is .also required under Applicable .Law, the Applicable .Law requirement will satisfy the corresponding requirement .under
this Security lnstrument.
16. Governing Law; Severability; ::Rules of Construction. Ibis Security 1nstrument.shall be governed by:federal
law.and the law of the jurisdiction m which the .Property is located. All rights .and obligations contained .in this .security
Jnstrument Me subject to .any TI:guiremen1s .and limitations of Applicable .Law. Applicable Law .might :explicitly or
implicitly .allow the parties to ligIœ by contract or it.might be .silent, but such silence .shall not be construed .as a
prohibition Bga.ÌnSt ligIeement by contract. .In the .event that.any provision or rlause of.this Security lnstrument or the Note
conflicts with Applicable .Law. such conflict .shall ::not.affect other provisions of this .security 1nstrument or the Note which
.can be givenclfect without the l;onflictingprovision.
As used m this Security lnstrument: (a) words of the masculine gender .shall:mean.and include l;orresponding .neuter
words or words of the femininp. gender; (b) words m the .singular .shall mean.and include the plural.and vice versa; .and
(c) the word "may" ...gives sole discretion without any ohlization to take.any .action.
17. Borrower's Copy. .Borrower.shall be given one copy of the Note.and of.this .security lnstrument.
18. Transfer of the .Property or Jl ::Beneficial Interest.in ]Jon-ower. As used m this .section 18, ''.Interest.in the
Property" :means .any legal or beneficial :interest .in the PIOperty, .:including, but ::not limited to, those beneficial interests
WYOMING - Single :Family - FJlnnle Maelfreddie Mac UNIFORM JNSTRUMENT
ð /r1 FDrm 3.051M ID1
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BanD'" Systems. Jnc., St. Cloud, MN f.ormMD-l-WY B/21l2DOO
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transferred in. a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the
transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in. the Property is sold or transferred (or if Borrower is not a
natural person and a beneficial interest in: Borrower is sold or transferred) without Lender's prior written consent, Lender
may require immediate: payment in. fuU of all SUII15 secured by this Security Instrument. However, this OptiOIl shaH not be
exercised by Lenderif such exercise is prohibited by Applicable Law.
If Lender exercises this option. Lender shall give Borrower notice of acceleratioIL The notice shall provide a period
of not less tharr 30 days from the date the notice: is given in: accordance with SectioIl 15 within which Borrower must pay
all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiratioIl of this period,
Lendermay irrvoke any remedies permitted by this Security Instrument without further notice or demand OIl Borrower.
19. Borrower'S" Right to Rein.state After Acceleration:. If Borrower meets certain: conditions, Borrower shaH have
the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days
before sale of the Property pursuant to any power of sale contained in: this Security Instrument; (b) such. other period as
Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcin:g this
Security- Instrument. Those conditions are that Borrower. (a) pays Lender all sums which then would be due: under this
Security Instrument and the Note as if no acce1eratioIl had occurred; (b) cures any default of any other covenants or
agreements; (c) pays aH expenses incurred in: enforcing this Security- Instrument, including. but not limited to, reasonable
attorneys' fees, property inspectioIl and valuatiOIl fees, and other fees incurred for the purpose of protecting Lender's
interest in: the Property and rights under this Security Instrument; and (d) takes such actioIl as Lender may reasonably
require to assure that Lender's interest in: the Property and rights under this Security Instrument, and Borrower's obligatioIl
to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such
reinstatement sums and expenses in ore or more of the following foDlIS, 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. UpOIl an institution
whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. UpoIl
reinstatement by Borrower, this, Security Instrument and obligations secureei hereby shall remain fully effective as if no
acceleratioIl had. occurred.. However, this right to reinstate shall not apply in: the case of acceleration under SectioIl18.
20. Sale of Note; Change of Loan: Servicer; Notice of Grievance. The Note or a partial interest in: the Note
(together with this Security- Instrument) can be sold ore 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 and this
Security Instrument and perfoDlIS other mortgage loan servicing obligations under the Note:.. this Security Instrument, and
Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a
change: of the Loan Servicer, Borrower will be giveIl writteIl notice of the change: which will state the name and address of
the new Loan Servicer, the address to which payments should be made and any other ÏnfurmatioIl RESP A requires in:
connection with a notice of transfer of servicin:g. If the Note is solei and thereafter the Loan is serviced by a Loan Servicer
other tharr the purchaser of the Note, the mortgage- loan servicing: obligations to Borrower will remain: with the Loan
Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise
provided by the Note purchaser.
Neither Borrower nor Lender may commence, join, or be joined to any judicial actiOIl (as either an individual
. litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that
alleges that the other party has breached any provisioIl of, or any duty owed by reasoIl of, this Security Instrument, until
such Borrower or Lender has notified the other party (with such notice given in: compliance with the requirements of
SectiOIl 15) of such alleged breach anei afforded the other party hereto a reasonable period after the giving: of such notice to
take corrective actioIl. If Applicable Law provides a time perioei which must elapse before certain. actioIl can be taken, that
time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleratioIl and opportunity to
cure giveIl to Borrower pursuant to SectioIl 22 and the notice of acceleration giveIl to Borrower pursuant to SectiOIl 18
shall be deemed to satisfy the notice and opportunity to take corrective actioIl provisions of this SectioIl20.
21. Hazardomr Substan:ces. As used in. this Section 21: (a) "Hazardous Substances" are those substances defined as
toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following: substances: gasolirre,
kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile: solvents, materials
containing: asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of
the jurisdiction where the Property is located that relate: to health. safety or environmental protection; (c) "Environmental
CIeanup" includes any response: action. remedial action, or removal action, as defirred in: Environmental Law; and (d) an
"Environmental ConditiOIl" means a conditioIl that carr cause, contribute to, or otherwise trigger an Environmental
CIeanuV·
Borrower shall not cause: or permit the presence, use, disposal, storage. or release of any Hazardous Substances, or
threaten to release any Hazardous Substances, OIl or in: the Property. Borrower shaH not do, nor allow anyone else to do,
anything: affecting: the Property (a) that is irr violatioIl of any Environmental Law, (b) which creates an, Environmental
CÖnditiOIl, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a conditioIl that adversely
affects the value of the: Property. The preceding: two sentences shall not apply to the presence, use, or storage: OIl the
Property of small quantities of Hazardous Substances that are generaUy recognized to be appropriate to normal residential
uses and to maintenance of the Property (including. but not limited to, hazardous substances in: consumer products).
Borrower shall promptly give Lender written notice of (a) any investigatioIl, claim:, demand:, lawsuit or other actioIl
by any governmental or regulatory agerrcy or private party irrvolving: the Property and any Hazardous Substance or
Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including: but not limited
to, any spilling. leaking. discharge, release or threat of release of any Hazardous Substance, and (c) any conditioIl caused
by the: presence, use or release of a Hazardous Substance which adversely affçcts the: value of the Property. If Borrower
learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other
remediatioIl of any Hazardous Substance affecting: the Property is necessary, Borrower shall promptly take all necessary
remedial actions irr accordance with Environmental Law. Nothing: herein: shall create any obIigatiOIl OIl Lender for an
Environmental CIeanup-.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree: as follows:
22- Acceleration:; Remedies. Lender shaH give notice to Borrower prior to acceleration following Borrower'S"
breach of any covenant or agreement in: thi!f Security fustnnnent (but not prior to acceleration under 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 les!f than: 30 days from the date the notice is given: to Borrower, by which the default must
be cured; and (d) that failure to cure the default on or before the date specified in: the n:otice may result in
acceleration: of the SUIllSsecured by this Security fustrument and sale of the Property. The notice shaH further
inform Borrower of the right to reinstate after acceleration: and the right to bring a court action to assert the
non:-existence of a default or an:y other defense of Borrower to acceleration and sale. If the default is" not cured on or
before the date specified in: the notice. Lender at its option may require immediate payment in full of aH SUIIIS
secured by this Security fustnnnent without further demand and may in:voke the power of sale and any other
remedies permitted by Applicable Law. Lender shall be entitled to collect aH expenses incurred in: pursuing the
remedies provided in: this Section: 22. in:cIudin:g. but not limited to, reasonable attorneys' fees and costs of title
evidence.
If Lender invokes the power of sale. Lender shaH give notice of in:tent to foreclose to Borrower and to the
person: in: possession of the Property. if different, in accordan:ce with Applicable Law. Lender shaH give notice of the
WYOMING - SinglEf Family- Fa""i.. Mae/Freddi.. Mac UNIFORM INSTRUMENT
Bankers Systems, Inco,. St. Cloud. MN Form MDC I,WY 8/21/2000
Form :JO~T
(pag~6of7pag~s) ~
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091.6209
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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 manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any
sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but
not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to
the person or persons legally entitled to it.
23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security
Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under
Applicable Law.
24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of
Wyoming.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any Rider executed by Borrower and recorded with it.
RlcMiSTfi¡·~·············· ...... ·..·····~ii~~:~
....p.:...~.......................... (Seal)
SEN -Borrower
[Space Below This Line For Acknowledgmentl
...
STATE OF WYOMING, ...... ..../...~......... ......... ...... ................. County ss:
The foregoing instrument was acknowledged before me this........... /!.?-Ip.?! Irl.f?~.~...............................
(date)
by ÆÇ~f(~.~y.ç~RI~n~~~~; r.~W~Y.r,ç.~~!~r.E.~~~N,.W~~A~9.WQ.~)f~. ......... ............... ... ... ... '" ...... ... ............... ... ... ........
(person acknowledging)
STEVEN A. HARTWELL Notary Public
County of State of
Lincoln Wyoming
My Commission Expires July 8, 2006
My commission expires:
WYOMING - Single Family - Fannie Mae/FreddIe Mac UNIFORM INSTRUMENT
Bankers Systems. Inc., St. Cloud. MN Form MD,I,WY 8/21/2000
Form 3051 1/01 (page 7 of 7 pages)
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031.6209
ÇP0046
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The,W~E~ of Lot 3 of Block 18 to the Town of Afton, Lincoln County,
Wyoming as described on the official plat thereof.
1l/91
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''':. ... ',·.·.;· ·'·\·I·I~I;I!:: :':"" ,".1, ·:I:::~>~._ ::'j,.';. ..,';...:.':.....:. .;.' '.-",. d';' :.:'; ,I:.:
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091.6209
~- 00047
PAYMENT RIDER
THIS PAYMENT RIDER is made this }~R............. day of .f.~~.~~.~RY/.?QQ~............... and is
incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of
Trust, or Security Deed (the "Security Instrument") of the same date given by the
undersigned ("the Borrower") to secure Borrower's Note to ...m.~.QA~.~.Qf..~T.~R.~~.~~~X\~~t.....
.WA~HI,~~T.Qtt~m~n,.~.Q .~~K .~QR?/.~f.TR~/. 'NY.. ?~ J.1. 9...................................................... ..........
...........................,......................................... ..................................... ("the Lender") of
~~7~.~~~~~~~Ay~~~~~K~T.qi~,]~1ff19.~.~~:. ~,~.~~~.i~~.~, i.~. ~.~~. .~.~~.~~~~:. .I~~.~~~.~~.~~. ~~~ .I.~~~~,~~ .~~:
[Property Address]
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the
Security Instrument, Borrower and Lender further covenant and agree as follows:
A. PERIODiC PAYMENTS OF PRINCiPAL AND INTEREST .
The Note provides for periodic payments of principal and interest as follows:
3. PAYMENTS
(A) Periodic Payments
I will pay principal and interest by making periodic payments when scheduled:
o I will make .......................... payments of $ ........................................................
each on the .................. ......... .,....... ... ...... ..................... ...... .................. ............ ......
of each ....;...............,...........,...............................................,.................................
............... ........................... beginning on ............................................................. .
!XI I will make payments as follows:
17 MONTHLY PAYMENTS OF $1,217.19 BEGINNING 03·01·2006.
IX! In addition to the payments described above, I will pay a "Balloon Payment" of
$ .1~X~~~.~11................... on .P.~:Q.1)Q~?......................................... . The Note Holder
will deliver or mail to me notice prior to maturity that the Balloon Payment is due. This
notice will state the Balloon Payment amount and the date that it is due.
(B) Maturity Date and Place of Payments
I will make these payments as scheduled until I have paid all of the principal and interest
and any other charges described below that I may owe under this Note. My periodic
·Ii b I· d· b f P" I If 08·01·2007
payments WI e app Ie to Interest e ore nnclpa. ,on ..............................................,
I still owe amounts under this Note, I will pay those amounts in full on that date, which is
called the" Maturity Date."
I will make my periodic payments at .)~~.'«~.~~.IN~J~~.~TR~nl.~fJR~/.WY.~.n19..................
..................................................................................................................................
...................................................................................................................................
........................................................ or at a different place if required by the Note Holder.
MULTIPURPOSE FIXED RATE PAYMENT RIDER (MUL TIST ATE)
Bankers Systems, Inc., St. Cloud, MN Form MPFR-PR 6/15/2004 f) Ill'. . (\1 .
ref: MPFR-MN (page 1 of 2 pages) ~ ~
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031'.6Z0S
000048
o B. FUNDS FOR TAXES AND iNSURANCE
Uniform Covenant 3 of the Security Instrument is waived by Lender.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained
in this Payment Rider.
ïi~ '~Ë~"''':ii¿~r~S;:~
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Bankers Systems, Inc., St. Cloud, MN Form MPFR-PR 6/15/2004
(page 2 of 2 pages)
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