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Home My WebLink About916586 /J ,,' ç~ m::x*!::~:::~; ~:::::~~::r.t~::::::: ~ f'n :i!1'~l¡¡¡:j!¡¡;~m::n LO~;1/8 RetumTo: THE BANK OF STAR VALLEY 384 WASHINGTON STREET AFTON, WYOMING 83110 Attn.: Shipping DeptJDocument Control Prepared By: RECEIVED 3/1012006.at 3:28 PM RECEIVING 1# 916586 BOOK: 614 PAGE: 128 JEANNE WAGNER LINCOLN COUNTY ClERK, KEMMERER, WY ¡space Above This Line For RecordingDataI MORTGAGE DEFINITlONS Words used ill multiple Bections of thiB .document are .defined below BUd other words .are .defined in Sections 3, II, 13, 18,20 BUd21. Certain rules regarding the usage of words used ill this .document .are Also provided ill Section 16. I) (A) "Security lnstrument" means this document, which is dated .MJirch 3, 2006, together with :all Riders to thiB document. (B) "BoJTower" is Jacob Andrew Galloway .a JIUlrried perBon. Borrower is the mortgagor under this Security 1nstrument. (C) "Lender" is THE BANK OF STAR VALLEY. Lender is.a cOIpor.atÏon organized BUd existing under the 1.aws of the State of WYOMING, .Lender'B .address is 384 WASHINGTON STREET, AFTON, WYOMING 83110. .Lender is the mortgagee under this Security Instrument. (D) "Note" means the promissory note Bigned by Borrower BUd rlated .MJirch 3,2006. The Note Bt.ates that Borrower owes Lender One Hundred Twenty Six Thousand Four Hundred And 00/100 Dollars (U.s. $ 126,400.00) plus interest. Borrower has promised to pay this debt in regular Periodic P.ayments BUd 10 pay the debt ill full not later than April 1,2036. (E) ~roperty" means the property that is .described below under the he¡¡ning 'Tnmsfer of Rights ill the Property." (F) "Loan" means "the .debt evidenced by the Note, plus interest, .any prep.ayment charges BUd1.ate charges due under the Note, .and:all sums due under this Security Instrument, plus interest. (G) "Riders" means :all Riders 10 this Security 1nstrument that .are executed by Borrower. The following Riders .are to be executed by Borrower I check box .as .applicable]: WYOMING-Bingle :Family- FJUlnie MaelFreddie Mac UNIFORM INSTRUMENT P.age I of 16 :Fonn 3051 1/01 lnitials:JI(I¡ wyctd / 0916586 c 0 lìl ~, 9 ~ '-' Return To: THE BANK OF STAR VALLEY 384 W ABHINGTON .sTREET AFTON, WYOMING 83110 Attn.: Shipping DeptlDocument Control J>repared By: I ] Adjustable Rate Rider {] Balloon Rider I] VA Rider {] Condominium Rider { ] Planned Unit DevdopmentRider { J Biweekly Payment Rider I] Second Home Rider {] 1-4 F.amily Rider {] Otber(s) {specify] (H) "Applicable Law'" means .all controlling applicable federal, state lUld local Btatutes, regulations, ordinances .and .administrative rules lUld orders (that Juve the dIect of law) .as well .as..all applicable :final, Don-appeAlable judicial opinions. (I) "Community Association Dues, Fees, .and Assessments'" means .a1lllues, fees, .assessments .and other charßes that .are imposed on Borrower or the Property by a condominium . .association, .homeowners .association or similar organization. (J ) "Electronic FJUuls TrJlDsfer" means any transfer of funds, other than a 1Dmsaction originated by check, rlraft,. or similar paper instrument, which is .initiated through an electronic 1emrinal, telephonic .instrument, computer, or magnetic tape so .as to order, instruct, or authorize a .financial .institution to .debit or credit an account. Such term includes, but is Dot limited to, point-of-Bale transfers, automated teller mar:hine transactions, transfers initiated by telephone, wire :transfers, .and automated clearinghouse transfers. (K) "'Escrow ltems'" means those items that are .described in Section 3. (L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid byany:tlriId party (other than .insurance proceeds paid under the coverages .described in Section 5) for: (i) damage to, or .deBtruction of, the Property;. (ü) condemnation or other:taking of all or any part of the J>roperty; (iii) conveyance .in lieu of conð~1Tn3tion; or (iv) misrepresentations of, or omissions .as 10, the value.and/or condition of the Property. (M) "Mortgage 1nsurJIDce'" means insurance protecting Lender against the Donpayment of, or default on, the Loan. (N) "Periodic P.ayment" means the reßularly scheduled amount .due for (i) principal .and .interest under the Note, plus (ii) any amounts under Section 3 of this Security lÌ1strument. (0) "RESPA'" means the Real Estate Settlement Procedures Act (12 D.S.C. Section 2601 et .seq. ) .and its implem~ntinz r~on, Regulation X (24 C.F.R. Part 3500),.as they:Ínißht be lIIIlended from time to time, or any additional or successor legislation or reßUlation that governs the .same subject matter. As used.in this Security Instrument, "'RESPA" refers to.all requirements.and restrictions that .are imposed in reprdto a "'federally related mortgage Joan" even if the Loan does Dot .qualify as .a "'federally related mortgage loan" under RESP A. (P) "Successor in lnterfit of Borrower'" means any party that has taken title to the Property, whether or Dot that party .has .assumed Borrower's obligations under the Note .and/or this Security lnstrument. TRANSFER OF RIGHTS IN THE PROPERTY WYOMING-Single 'Family- FJIDJÚe MaelFreddie Mac UNIFORMlNSTRUMENT P.age2 of 16 Form3051 1/01 lnitia1s: \fA- t, wyctd r.... . '] I::.···.'.',··.··..··..····,·. ~~:~:ß~l~;?~:~:l ~~::::::::i:::~::::~i ~¡~¿;g;~:;:~: ~;r~lf~~~~~¡J¡ 0916586 COD130 This Security Instrument secures to Lender: (i) the repayment of the Loan, .and all renewals, extensions .and modifications of the Note; .and (ii) the perfonnance of Borrower's covenants .and agreements under this Security Instrument.and the Note. For this purpose, Borrower Does hereby mortga,ge, grant and convey to Lender and Lender's successors .and lI.SSi,gns, with power of sale, the :following described property located in the County [fype of .Recoriling Jurisdiction] of Lincoln ¡Name of Ri:cording Jurisdiction]: Lot 4 of Western Sunset Ranchettes, Lincoln County, Wyoming.as described on the official plat filed June 10, 2003 .as Instrument No. 890909 of the records of the Lincoln County Clerk. P.arcel ill Number: 12-3119..25-3-00-U5.00 225 Western Drive .smoot {City] , Wyomin,g 83U6 {Zip Code] ("Property Address" ): which currently.has the .address of {Street] TOGETHER WITH .all the improvements now or bereafter erected on the property,.and..all easements, appurtenances, .and fixtures now or hereafter a part of the property. All replacements .and .additions shall also be covered by this Security lnstrument. All of the foregoing is referred 10 in this Security 1nstrument.as the ~'Property." BORROWER COVENANTS th.at Borrower is lawfully seised of the estate bereby conveyed .and has the right 10 mortga,ge, grant .and convey the Property .and th.at the Property is .unencumbered, except for encumbrances of record. Borrower w.arrants .and will defend ,generAlly the ritle to the Property .against all claims.and demands, subject 10.any encumbrances of record. THIS SECURITY INSTRUMENT combines unifonn covenants for .narional use .and non- unifonn covenants with limited v.ariations by jurisdiction 10 constitute .a unifonn security instrument covering real property. UNIFORM COVENANTS. Borrower.and Lender covenant.and .agree .as follows: 1. Payment of Principal, Interest, £scrow Items, Prepayment Charges, .and Late Charges. Borrower .shall pay when due the principal of,.and interest on, the debt evidenced by the Note .and any prepayment charges .and late charges .due under the Note. Borrower shall also pay funds :for Escrow Items pursuant to Section 3. P.ayments.due under the Note.and this Security Instrument .shall be made in U.S. currency. However, if .any check or other instrument received by Lender .as payment under the Note or this Security Instrument is returned to Lender unpaid. L:nder may require th.at 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, tre.asurer's check or caslúer's .check, provided any such check is dr.awn upon an institution WYOMING-Single FIm1Îly- FJUUlie MaelFreddie Mac UNIFORM INSTRUMENT P.age3 of 16 Form 3051 1/01 Jnitials: . J tTf¡ 091.6586 rf')(11Ql l.- V L U whOBe .deposits .are :insured by .a federal .agency, instrumentality, or entity; or (d) :Electronic Funds Tr.ansfer. "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 m BCcordance with the :notice provisions m Section 15. Lender may return .any payment or partial payment if the payment or partial payments .are insufficient to bring the Loan current. Lender may BCCept .any payment or partial payment .insufficient to bring the Loan current, without waiver of .any rights l1ereunder or prejudice to its rights to refuse.such payment or partial payments in the future, but Lender is not obligated 10 .apply such payments .at the time such payments .are liCCepted. If t:aeh Periodic "Payment is applied as of its scheduled due .date, then Lender need not pay interest on unapplied funds. lender may hold such lJDapplied funds until Borrower makes payment to bring the Loan current. lfBorrower does not DO so within a reasonable period of time, Lender .shall either .apply such funds or return them to Borrower. If not .applied earlier, such funds will be .applied to the outstanding principal b.a1ance under the Note immediately prior to foreclosure. No offset or claim which Borrower :might have now or m the future .against Ü:nder shall relieve Borrower ftom making payments due under the Note.and this Security Instrument orperfol111Ìng the covenants.and 1Igfeements secured by this Security Instrument. 2. Application of PJlyments or Proceerls. Except as otherwise .described in this Section 2, .all payments llCcepted .and .applied by Lender shall be .applied m the following order of priority: (a) mterest due under the Note; (b) principal rlue under the Note; (c) .amounts due under Section 3. Such payments shall be .applied to t:aeh Periodic Payment m the order m which it becæne due. Any remaining .amounts .shall be applied first to late charges, second to .any other .amounts due under this Security Instrument,.and then to reduce the principal balance of the Note. If Lender receives .a payment ftom Borrower for .a .delinquent Periodic Payment which :includes .a .sufficient .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 Pliyments if, .and to the .extent that, t:aeh payment can be paid m full. To the extent that.any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be .applied to .any late charges due. Voluntary prepayments shall be lipplied first to .any prepayment charges.and then as .described m the Note. Any.application of payments, inSllTanc.~ proceeds, Dr Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due .date, or change the amount, of the· Periodic :Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the liay Periodic Payments.are due under the Note, until the Note is paid m full, .a sum (the "Funds" ) 10 provide for payment of .amounts due for: (a) taxes .and assessments.and other items which can attain priority over this Security Instrument as a lien. or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if .any; (c) premiums for .any .and.all immranc.e required by lender under Section 5;.and (d) Mortgage lnsurance pr~, if .any, or .any sums payable by Borrower 10 Lender in lieu of the payment of Mortgage Insurance premiums m BCcordance with the provisions of Section 10. These items .are called "Escrow Items." At origination or .at any time .during the tenD of the loan, Lender may require that Community Association Dues, Fees, .and Assessments, if .any, be escrowed by Borrower, .and .such dues, fees .and assessments shall be .an Escrow Item. Borrower shall promptly furnish to Lender .all notices of amounts 10 be paid under this Section. Borrower shall pay Lender :the r'unds for Escrow Items unless Lender w.aives Borrower's obligation 10 pay :the Funds for .any or .all Escrow Items. Lender may waive Borrower's obligation to pay 10 Lender Funds for .any or .all Escrow WYOMING-Single F.amily- FJIJUJie MaeIFreddie Mac UNIFORMlNSTRDMENT P.age4 of 16 Form3051 1/01 lnitials: Cf11i1¡ m~~~~~~¡j ;f;t~¡¡mm~rm? 091.6586 r,f"I{111 ""'2 OJ ,} L .:J Items at .any time. Any such waiver may anly be in writing. In íhe event af such waiver, Barrawer .shall pay ilirectly, when.and where payable, the llIIlaunts due far any Escraw Items far which payment af Funds has been waived by Lender .and, if Lender requires, .shall furnish to. Lender receipts evidencing such payment within .such time periad as Lender may require. Barrawer's abligatian 10. make such payments .and to. provide receipts shall far all purpases be deemed to. be a cavenant and .agreement contained in this Security Instrument, .as the phrase ., cavenant and .agreement" is used in Sectian 9. IfBarrawer is abligated to. pay Escrow Items ilirectly, pursuant to. a waiver, and Barrawer fails to. pay íhe llIIlaunt due far .an Escrow Item, Lender may exercise its rights under Section 9 and pay .such .amaunt and Barrawer shall then be abligated under Sectian 9ta repay 10. Lender .any such .amount. Lender may revake the waiver.as to. .any or all Escraw Items at.any time by a naticegiven in .accardance with Sectian 15 .and, upan such revacatian, Barrawer .shall pay to. Lender .alJ Funds, .and in 5Uch llIIlaunts, that are 1hen required under this Sectian 3. Lender may, at.any time, callect.and hald Funds in.an llIIlaunt (a) .sufficient to. permit Lender 10. apply íhe Funds at íhe time specified under RESP A, and (b) nat to. exceed the maximum .amaunt a lender can require under RESPA. Lender shall estimate the llIIlaunt af Funds due an the basis of current data .and reasonable estimates af expenditures of future Escraw Items or atherwise in .accordance with Applicable Law. The Funds .shall be held in .an institutian whase depasits are insured by a federal agency, ins1rumentality, arentity (including Lender, nLender is.an institutian whase deposits are.sa insured) or :in .any Federal Home La.an Bank. Lender.shall :apply the Funds to. pay the Escraw Items no. later than the time specified under RESP A. Lender.shall nat charge Barrawer far halding and applying íhe Funds, .annually .analyzing íhe escraw .accaunt. ar verifying the Escrow Items, unless Lender pays Barrawer interest an íhe Funds.and Applicable Law permits Lender to. make .such a cl1arge. Unless.an .agreement is made in writing ar Applicable Law requires interest to be paid on the Funds, Lender .shall nat be required to. pay Borrawer .any interest ar earnings an the Funds. Barrawer and Li:nder can .agree in writing, hawever, that interest .shall be paid on íhe Funds. Lender.shall EÌve to. Barrawer, withaut cl1arge, .an .annualaccaunting af the Funds .as required by RESP A. If1here is:a liurplus afFunds held:in escrow,.as defined under RESPA, Lender .shallaccaunt to. Barrawer far íhe excess funds in .accardance with RESPA. If there is a .shartage af Funds held in escraw, .as defined under RESP A, Lender shall natify Borrawer .as required by RESPA, and Barrawer .shall pay to. Lender the .amaunt necessary to. make up the .shortage in .accardance with RESPA , but in no. mare than 12 monthly payments. If there is :a defIciency afFunds held in escraw,.as defined under RESP A, Lender .shall natüy Borrawer .as required by RESPA, and Barrawer shall pay 10. Lender íhe llIIlaunt necessary to make up íhe defIciency in .accardance with RESPA, but in no. more than 12 monthly payments. Upan payment in full of all sums secured by this Security Instrument, Lender lihallpromptly refund to Barrawer .any Funds held by Lt:nder. 4. Charges; liens. Barrawer shall pay .all taxes, .assessments, cl1arges, :fines, .and :impositians .attributable 10. íhe Praperty which can .attain priarity aver this Security lnstrument, leasehald payments ar graund rents an íhe Property, if .any,.and Cammunity AssaciationDues, Fees, .and Assessments, if .any. To. íhe extent that these items are Escraw Items, Barrawer .shall pay them in the manner pravided in Section 3. Barrawer .shall promptly discharge .any lien which has priarity aver this Security Instrument unless Borrawer: (a) .agrees in writing to. the payment af the abligation secured by the lien in a manner .acceptable to. Lender, but only sa lang .as Barrawer is perfarming such agreement; (b) cantests the lien in gaad faith by, ar defends againstenfarcement ofíhe lien in, legal proceedings which in Lender's WYOMING-£ingle F.amily- FJlJUlie MaeIFreddie Mac UNIFORM INSTRUMENT 1'.age 5 of16 .Form3051 1/01 Jnitials: :TttA 091.6586 r !ì (11 r, 3 '., \.= \.,1 0 opinion operate 10 prevent 1he i:DÍorcement of 1he lien w.hile those proceedings .are pending, but only .until .such proceedings .are concluded; or (c) secures from the holder of the lien .an .agreement satisfactory 10 Lender subordinating the lien to this Security 1ns1:runrent. If Lender detennines that.any part of the Property is subject to .a lien which c.an attain priority over this Security Instrument, Lender may give Borrower.a notice identifying 1he lien. Within 10 days of the date on which that notice is given, Borrower shall.satisfy the lien or take one or more of 1he .actions set forth .above in this Section 4. Lender may require Borrower to pay.a one-rime charge for.a real estate tax verification .and/or reporting service used by Lender .in connection with this Loan. 3. Property Insurance. Borrower shall keep 1he improvements now existing or .hereafter ~ected on the Property insured .against loss by :fire, .hazards included within the tenn ·'extended coverage." .and .any o1her .hazards .including, but not limited 10, earthquakes .and :floods, for which Lender requires insurance. This insurance shall be maintained .in the .amounts (including deductible levels) .and for 1he periods that Lender requires. W.hat Lender requires pursuant to the preceding .sentences can cl1ange during the tenn of the Loan. T.he insurance c.arrier providing 1he insuiance shall be chosen by Borrower subject 10 Lender's right to .disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower 10 pay, in connection with this Loan, either: (a).a one-time charge for flood zone .determination, certific.ation.and tracking .services; or (b) .a one-time charge for flood zone determination and certific.ation services .and subsequent .charges t:ach time remappings or .similar cl1anges occur which reasonably might .affect .such detennination or certification. Borrower shall.a1so be responsible for the payment of .any fees imposed by the Federal Emergency Management Agency in connection with the review of .any :flood .:zone Lietennination resulting from.an objection by Borrower. lf Borrower fails 10 maintain .any of the coverages .described .above, Lender may obtain insurance coverage, .at Lender's option and Borrower's expense. Lender is under no obligation 10 purchase.any p.articular type or .amount of coverage. Therefore, such covernge shall cover Lender, but .:might or .:might not protect Borrower, Borrower's equity in1he Property, or the contents of the Property, against.any risk, .hazard or li.ability .and might provide greater or lesser coverage than was previously .in effect. Borrower liclmowledges that the cost of the insurance coverage so obtained might .significantly exceed 1he cost of insurance that Borrower could .have obtained. Any .amounts .disbursed by Lenderunder this Section 5 shall become .additional.debt of Borrower secured by this Security 1nstnnnent. These .amounts shall bear .interest.at 1he Note rate from 1he date of rlisbursement .and shall be pay.able, with.such interest, upon notice from Lender 10 Borrower requesting payment. All insurance policies required by Lender .aruhenew.a1s 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 1he right 10 hold 1he policies .and renewal certificates. If Lender requires, Borrower shall promptly give 10 Lender ..all receipts of paid premiums.and renewal notices.. lfBorrower obtains.any fonn ofinsl1Tan~e coverage, not otherwise required by Lender, for damage 10, or destruction of, 1he Property,.such policy .shall include .a .standard mortgage clause .and shall name Lender as mortgagee .and/or as .an .additional loss payee. 1n the event of loss, Borrower shall give prompt notice 10 the insurance amer.and Lender. Lender may make proof of loss if not :made promptly by Borrower. Unless Lender .and Borrower otherwise .agree .in writing, .any insurance proceeds, w.hether or not 1he underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible .and Lender's .security is not lessened. During such repair .and restoration WYOMING-Single rJlIllÌly- ~JUUlie MaeJFreddie Mac UNIFOBMlNSTRUMENT PlIge 6 of16 ~onn3051 1/01 1nitials: . ---1lf9 8~¡fili;1~~~~;i!~:i :~:::::;:~:~I8 . ·~·:·~·:·J~N9j:;¡:: O~1.6586 r !1f110.4 ~ U \.1 ..J period, Lender shall have the right to hold such insurance proceeds until Lender has .had IDl opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs BDd restorAtion in a single payment or in a series of progress payments as the work is completed. Unless IDl agreement is made in writing or Applicable Law requires .interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower IDlY interest or earnings on $uch proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security lnstrument, whether or not then due, with the excess, if IDlY, paid to Borrower. Such insurIDlce proceeds shall be .applied in the order provided for in Section 2. If Borrower .abandons the Property, Lender may file, negotiate BDd .settle IDlY .available insurance claim BDd related matters. If Borrower does not respond within 30 days to .a notice ñ-om Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate BDd settle the claim. The 3D-day period will begin when the notice is given. 1n either event, or if Lender .acquires the Property under Section 22 or otherwise, Borrower hereby .assigns to Lender (a) Borrower's rights to IDlY insurance proceeds in an .amount not to exceed the amounts unpaid under the Note or this Security 1nstrument, BDd (b) IDlY other of Borrower's rights (other than the right to IDlY refund of lIDearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as .such rights .are 11Pplicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security 1nstrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, BDd use the Property as Borrower's principal residence within 60 days after the execution of this Security lnstrument BDd shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which.are beyond Borrower's control. ï. Preserv.ation,MaiDtenanceJUld Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, .allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property ñ-om deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deteriorAtion or damage. 1f insurance or condemnation proceeds .are· paid in connection with damage to, or the 1aking of, the Property, Borrower wll be responsible for repairing or restoring 1heProperty only if Lender .has released proceeds for .such pmposes. Lender may disburse proceeds for the repairs BDd restoration in.a single payment or in 11 series of progress payments as the work is completed. 1f the insurance or conrl~mnation proceeds .are not sufficient to repair or restore the Property, Borrower is not relieved of Bo:rrower's obligation for the completion of $uch repair or restorAtion. Lender or its .agent may make reasonable entries upon llIld inspections of the Property. If it .has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender .shall give Borrower Jlotice .at the time of or prior to .such IDl interior inspection Epecifying .such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan .application process, Borrower or IDlY persons or entities .acting .at the direction of Borrower or with WYOMING-Single F=ily- FJUlDie MaelFreddie Mac UNIFORM INSTRUMENT Page 7 of 16 Form 3051 1/01 lnitials: ~ ~ 091.6586 rO!jOl'"5 .... ,}' oJ Borrower's know1e~e or consent gave materially false, misleadi.nE, or inaccurate infonnation or .statements 10 Lender (or failed to provide Lender with material infonnation) in connection with the Loan. Material representations include, but.are IlOt limited to, representations CODCefIlÎ.ng Borrower's Dccupancy of the Property AS Borrower's principal residence. 9. .Protection of Lender's lnterest in the .Property JlDd Rights Under this Becnrity lnstrument. If (ll) Borrower fails 10 perform the covenants.and ltgfeements cnntJlin~n in this Security lnstrwnen1, (b) there is II legal proceeding 1fuú might 5ignificant1y .affect Lender's :interest in the Property .and/or rights under this Security Instrument (such AS II proceeding in bankruptcy, probate, for connemnJltion or forfeiture, for enforcement of II lien which may Mtain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has .abandoned the Property, then Lender may DO .and pay for whatever is reasonable or .appropriate 10 protect Lender's interest in the Property .and rights under this Security Instrument, including protecting .and/or ASsessing the v.alue of the Property, .and securing .and/or repairing the Property. Lender's llCtions can include, but.are not limited 10: (ll) pa)'ÏnE.any sums secured by.a lien which has priority over this Security Instrument; (b) .appearing in court; .and (c) pa)'ÏnE reasonable .attorneys' fees to protect its .interest in the Pmperty .and/or rights under this Security Instrument, including its secured position in II 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, ßrain wllter from pipes, eliminate building or other code violations or Dangerous conditions, .and have utilities turned on or off. Although Lender may 'take liction under this Section 9, Lender does not have to do so .and is not under .any duty or obligation to do so. It is ltgfeed that Lender incurs no liability for not taking.any or .allllCtions lluthorized under this Section 9. Any 1lIIlounts rlisbursed 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 rale from the date of rlisbursement .and shall be paYllble, with such :interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on llleasehold, 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 ltgfees to the merger in writing. 10. Mortgage Insur.ance. If Lender required Mortgage InsUrance.as II cnnnitinn of making the Loan, Borrower shall pay the premiums required 10 mJlintJlin the Mort.gage Insurance in effect. If, for .any reason, the Mortgage Insurance coverage required by Lender ceases to be .avllilahle 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 equiv.alent to the Mortgage Insunmce previously in effeCt, llt II cost substantially equiv.alent to the cost to Borrower of the Mortgage TmmT3n~e previously ID effect, from.an.alternate mortgage insurer selected by Lender. If substantially equiv.alent Mortgage InsnT3Me coverage is not llvlri1able, Borrower shall con1inue to pay to Lender the .amount Df the .separately designated payments that .were due when the insurance coverage ceased to be· in effect. Lender will .accept, llSe.and retain these payments AS.a non-refundable loss reserve in lieu of Mortgage lnsurance. Such loss reserve shall be non-refundable, notwith~Jlnninz the fact that the Loan is .ultimately paid in:full, .and Lender shall not be required to pay Borrower .any interest or eamings on such loss reserve. Lender can no longer require loss reserve pllyments jf Mortgage TmmTJln~e coverage (in the 1lIIlount.and for the period that Lender requires) provided by .an insurer .selected by Lender llgBin becomes .available, is obtained, .and Lender requires separalely designated payments towMd the premiums for Mortgage Insurance. If Lender required Mortgage lnsurance .as II condition of making WYOMING-Bingle F1IIIÚly- F.annie MJ1eJFreddie Mac UNIFORM INSTRUMENT PlIge 8 of 16 Form3051 1/01 lnitials: <T/r ~ t!:¡:I:i::¡j8;;m:f:: j.1 ~ii~I1;~j""ili:. ~~ ~ ~ ~~~I~~~~mi~i;~~;; ;¡ ;;J:~:;;;¡m!Ii¡!i;ffiD r· On,.. l.. ~ ul.j6 091.6586 lhe Loan 1U1d Borrower was required to make separatelyrlesignated payments toward lhe premiums for Mortgage Insurmce, Borrower Bhall pay the premiums required to maintain Mortgage lnsurmce in effect, or to provide 11 non-refundable loss reserve, until Lender's requirement for Mortgage lnsurance ends in lIccordance· with .any. written lIgreement between Borrower 1U1d Lender providing for Buch tennination or until termination :is required by Ápplicable Law. Nothing in this Section 10 .affects Borrower'B obligation to pay interest lit the rate provided in lhe Note. Mortgage Insurmce reimburses Lender (or .any entity that purchases the Note) for certain losses it may incur if Borrower Does not repay lhe Loan 118 .agreed. Borrower is not 11 party to the Mortgage lnsur.ance. Mortgage insurers evaluate their total risk on .all Buch insurance in force from 1ime to 1ime, 1U1d may enter :into .agreements with other parties that Bhare or modify their risk, or reduce losses. These .agreements are on tenns 1U1d conditions that .are Batisfactory to the mortgage insurer 1U1d the other party (or parties) 10 these lIgreements. These .agreements may require the mortgage insurer to make payments using.any Bource of funds that the mortgage insurer may have lIvailable (which may include funds obtained from Mortgage lnsurance premiums). As 11 result of these .agreements, Lender,any purchaser of the Note, .another insurer, .any reinsurer, .any other entity, or .anYllffiliate of .any of the foregoing, may receive (directly or indirectly) .amounts that derive from (or might be characterized .as) 11 portion of Borrower's payments for Mortgage lnsurmce, in exchange for Bharing or modifying the mortgage insu.rer'B risk, or reducing losses. If such .agreement provides that an .affùiate of Lender takes 11 Bhare of the insurer's risk in: exchange for 11 share of the premiums paid to the insurer, the .arrangement is often tenDed "captive reinsurance." Further: (a) Any such .agreements will not .affect the .amounts thaLBorrower bas .agreed to pay for Mortgage lnsur.ance, or .any other terms of the Loan. Such .agreements will not increase the .amount Borrower will owe for Mortgage lnsur.ance, .and they will not entitle BOrTower to .any Iefund. (b) Any .such .agreements will not .affect the rights Borrower has - if.any - witbrespect to -the Mortgage lnsur.ance under the Homeowners Protection Act of 1998 or .any other Jaw. Tbese rights may include the right to .receive certain Disclosures, to reqlWit.and obtain ancellation of the Mortgage lnsur.ance, to bave -the Mortgage lnsurance terminated JWtom.atically, .and/or to receive .a refund of .any Mortgage lnsur.ance premiums that were unearneLI .at -the time of .such ancellation or termination. 11. Assignment of Miscelláneous Proceeds; Forfeiture. All Miscellaneous ProceeDs .are .hereby.assigned to 1U1d .shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds Bhall be .applied to restoration or repair of the Property, if the restoration or repair is economically feasible.and Lender'B security is not lessened. During.such repair 1U1d reBtoration period, Lender Bhall have the right to hold such Miscellaneous ProceeDs until Lender has had.an opportunity to inspect Buch J>roperty to ensure the work has been completed to Lender's satisfaction, provided that such inspectioD Bhall be undertaken promptly. Lender may pay for the repairs and restoration in.a Bingle disbu.rsement or in.a Benes of progress payments 118 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 on such Miscellaneous ProceeDs. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous ProceeDs Bhall be .applied to the sums secured by this Security 1nstrument, whether or not then Due, with the excess, if WYOMING-Single F.amily- FJU1DÎe MaelFreddie MJu: UNIFORM lNSTRUMENT Page 9 of 16 Form3051 1/01 lniûals: &/1 / 0916586 r () n 1 "', 7 ~ ,) \.: - ,-:) .any, paid 10. BorrDwer. Such MiscellaneDus Proceeds .shall be .applied in the Drder prDvided fDr in SectiDn2. In the event Df.a 1Dtal :taking, destruction, Dr lDSS in value Df the PrDPerty, the MisCellaneDUS Proceeds .shall be .applied 10. the sums Becured by this Security Instrument, whether Dr nDt then due, with the excess, if .any, paid tDBDrrDwer. In the event Df.a partial :taking, destructiDn, or IDSS in value Df the J7Dperty in which the fair market value Df the Property immediately befDre the partial :taking, destruction, Dr loss in value is equal',1D Dr greater than the .amDunt Df the sums .secured by this Security 1nstrument .:immediately befDre the partial taking, deStructiDn, Dr IDSS in value, unleBS BorrDwer .and Lender Dtherwise .agree in writing, the .sums .secured by this Security 1nstrument shall be reduced by the .amDunt Df the MiscellaneDus Proceeds multiplied by the fDllDwing fractiDn: (a) the 1Dtal .amount of the sums .secured .:immediately befDre the partial taking, destruction, Dr IDSS in value .divided by (b) the fair market value of the Property .:immediately befDre the partial :taking, destructiDn, Dr lDSS in value. Any balance .shall be paid 10. BorrDwer. In the event Df a partial :taking, destruction, or lDSS in value Df the Property in which the fair market value Dfthe Property .:immediately befDre the partial :taking, destruction, Dr IDSS in v.alue is less than the .amount Df the sums secured .:immediately befDre the partial taking, destructiDn, Dr lo.ss in value, unless BDrrDwer .and Lender Dtherwise .agree in writing, the MiscellaneDUS PrDceeds .shall be .applied 10. the sums secured by this Security Instrument whether or .nDt the sums are then due. If the PrDperty is .abandoned by BDrrDwer, Dr if, .after nDtice by Lender 10 BDrrDwer that the Opposing Party (as rlefined in the next sentence) offers 10. make .an .award 10. .settle .a daim fDr Damages, BorrDwer fails 10 respDnd to' Lender within 30 days .after the date the notice is £iven, Lender is .authDrized 10. cDllect .and .apply the MiscellaneDus PrDceeds either 10. restoratiDn Dr repâir Df the PrDperty Dr 10. the sums BeCUTed by this Security Instrument, whether or nDt then due. "OppDSing Party" means the third party that Dwes BDrrDwer MiscellaneDusProceeds Dr the party .against whDm BDrrDwer has .a right of .action in regard to' MiscellaneDus PrDceeds. BorrDwer .shall be in default if.any .actiDn or proceeding, whether civil Dr criminal, is begun that, in Lender's judgment, £Duld result in fDrfeiture Df the Property Dr Dther material impairment of Lender's interest in the J7Dperty Dr rights under this Security Instrument. BDrrower £all £ure such.a rlefault.and, if .acceleratiDn has occurred, reinstate as provided in SectiDn 19, by causing the.action or proceeding 10 be rlismissed with .a ruling that, in Lender's judgment, precludes fDrfeiture Df the PrDperty Dr Dther material impairment of Lender'.s interest in the J7Dperty ar rights under this Security 1nstrument. The proceeds af.any .award ar claim far Damages that are .attributable 10. the hnpaiTmf'!nt Df Lender's interest in the Property Me hereby assigned.and .shall be paid 10. Lender. All Miscellaneaus 'PrDceeds that are nDt .applied 10. restaration ar repair af the Property .shall be .applied in the order provided for in Section 2. U. Borrower Not Released; Forbeaunœ By Lender Not Jt WJÚver. Extension af the time far payment ar mDd.ifù:ation of .amortizatiDn of the sums Becured by this Security Instrument gr.antedby Lender 10. BDrrDwer or.any Successor in Interest afBorrawer shallnat aperate to' release the liability afBarrawer ar.any Successars in Interest afBorrDwer. Lender.shall nDt be requirerl1D £Dmmence proceedings .against.any Success Dr in lnterest of Barrawer ar to. refuse 10. extend 1ime far payment ar atherwise mo.dify .amartizatian af the sums secured by this Security Instrument by reason af .any demand made by the ariginal BorrDwer or .any SuccessDrs in lnterest af Borrawer. Any farbearance by Lender in exercising .any right or remedy including, withaut limitation, Lender'B .acceptance af paymentsftom third persans, entities ar Successars in 1nterest af Barrawer ar in WYOMING-Bingle F.amily- FJUU1Îe MaelFreddie 'Mac 'UNIFORM INSTRUMENT PlIgC 10 of 16 Form3051 1/01 lnitiaJs: t11C¡ '.......,t....~,....,' :::::~::::::::::r,~:~~I' ~~!~. :if;mm~m~;~¡~r 091.6586 C001;8 .amounts less than the .amount then rlue, .shallllot be 11 w11iver of or preclude the exercise of my right or ~4 ~ D. Joint JUld Sever.al Liability; Co-signers; Successor s JUld Assigns Bound. Borrower ~overumts lIDd 11grees that Borrower's obligations lIDd liö.bility Wall be joint lIDd several. However, .any Borrower who co-siwts this Security Instrument but does not execute the Note (11 "co-signer"): (11) is co-signing this Security Instrument only to mortga.ge, grant m1d convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligJited to pay the .sums secured by this Security Instrument;md (c) 11grees that Lender lIDd my other Borrower can .agree to extend, modifY, forbear or make my 1iCcommodations with regard to the terms of this Security 1nstrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, my Successor in lnterest of Borrower who 1iSSUDleS Borrower's obligJitions under this Security Instrument in writing, lIDd is 11pproved by Lender, Wall obtain.all of Borrower's rights lIDd benefits under this Security Instrument. Borrower .shallllot be released ÍÌ"om Borrower's obligations lIDd liö.bility under this Security Instrument unless Lender .agrees to such release in writing. The covenants lIDd .agreements of this Security 1nstrument Wall hind (except 11S provided in Section 20) lIDd benefit the successors.and llSsigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services perfonned in connection with Borrower's Default, for the pwpose of protecting Lender's interest in the Property .and rights under this Security Instrument, including, but not limited to, 11ttorneys' fees, property inspection .and v1iluation fees. In regard to my other fees, the 11bsence of express lUIthority in this Security 1nstrument to charge .a specific fee to Borrower sillùl not be construed.as .a prohibition on the charging of such fee. Lender may not charge fees that Me expressly prohibited by this Security 1nstrument or by Applicable Law. If the Loan is .subject to 11 law which Bets maximum loan charges, .and that law is iinaUy interpreted so that the interest or other loan charges collected or to be collected in ~onnection with the Loan exceed the pennitted limits, then: (11) my.such loan clw-ge .shall be reduced by the .amount necessary to reduce the charge to the permitted limit; .and (b) my .sums .already collected ÍÌ"om Borrower which exceeded pennitted limits wi11 be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a wect p11yment to Borrower. If .a refund reduces princip<l1, the reduction will be treated llS 11 pMtial prepayment without .any prepayment charge (whether or not.a prepayment charge is provided for under the Note). Borrower's 1iCcepíance of my such refund made by wect payment to Borrower will constitute .a w.aiver of .any right of .action Borrower might have wing out of .such overcharge. . 15. Notices. All notices given by Borrower or Lender in connection with this Security 1nstrument must be in writing. Any notice to Borrower in connection with this Security Instrument Wall be rleemed to have been given to Borrower when mailed by first class mail or when 1iCtually rlelivered to Borrower'B llOtice .address if Bent by other means. Notice to .anyone Borrower sillùl constitute notice to .aU Borrowers unless Applicable uw expressly requires otherwise. Thenotice ..address Billùl be the Property Address unless Borrower has rleBignared .a substitute llotice .address by notice to Lender. Borrower Wall promptly notifY Lender of Borrower'B change of .address. If Lender .specifies .a procedure for reporting Borrower'.s change of .address, then Borrower .sillùl only report .a change of .address through that Bpecified procedure. There may be only one rlesignated notice .addreBs under this Security Instrument.at my one time. Any notice to Lender Bhall be given by rlelivering it or by mailing it by first class mail to Lender' B .address stated herein unless Lender has designated .another .address by notice to Borrower. Any llotice in connection with this Security Instrument 5hall not be rleemed to have been given to Lender until.actually received by Lender. If my notice required by this WYOMING-Single FlIIIÙly- F.annie MAefFreddìe MAc UNIFORM INSTRUMENT PAge 11 of 16 Form3051 1/01 IIútiili: Vltt; l\91.6586 C00159 .security 1nstrument is Also required under Applicable Law, the Applicable Law requirement will .satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; .severability; Rules of Construction. This Security Instrument .shall be governed by federal law .and the law of the jurisdiction in which the Property is located. All rights .and obligations contAined in this Security Instrument are subject to any requirements.and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to .agree by contract or it might be silent, but such ldlence shall not be construed llS a prohibition .against agreement by .contract. In the event that liIlY provision or clause of this Security lnstrument or the Note conflicts with Applicable Law, such conflict shall not Affect other provisions of this .security lnstrument or the Note which can be given effect without the conflicting provision. As used in this Security lnstrument: (a) words of the masculine gender shall mean .and .include corresponding neuter words or words of the feminine gender; (b) words in the .singular shall mean.and include the plural.and vice versa; .and (c) the word "may" gives sole Lliscretion without liIlY obligation to take liIlY action. 17. Borrower's Copy. Borrower .shall be given one copy of the Note.and of this Security 1nstrument. 18. TrJUlSferof the Property or a Beneficial Interest .in Borrower. As used in this .section 18, "Interest in the Property" means liIlY legal or beneficial interest in the PIOperty, including, but not limited to, those beneficial interests transferred in a bond for deed, c.ontract for .deed, installment sales contract or escrow .agreement, the intent of which is the tr.ansfer of title by Borrower at a future date to a purchaser. lf .all or liIlY part of the Property or liIlY Interest in the Property is sold or 1ransferred (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:full of.a1l.sums secured by this .security Instrument. However, this option .shall not be exercised by Lender if .such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender .shall give Borrower notice of acceleration. The notice .shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay .all SWDS 1iecured by this Security Instrument. If Borrower fails to pay these 1iWDS prior to the expiration of this period, Lender may invoke liIlY remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After AccelerJltioD. If Borrower meets certain .conditions, Borrower .shall have the right to have enforcement of this .security Instrnment discontinued at liIlY time prior to the earliest of: (a) five days before.sale of the Property pursuant to.any power of .sale contained in this Security 1nstrwnent; (b) such other period llS Applicable Law might specify for 1he t~nnination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this .security 1nstrument. T hose conditions are that Borrower: (a) pays Lender .all 1iWDS which then would be due llJ1Lier this Security 1nstrwnent.and the Note as if no acceleration had occurred; (b) cures liIlY .default of .any other covenants or .agreements; (c) pays .all expenses incurred in enforcing this Security 1nstrument, including, but not limited to, reasonable attorneys' fees, property inspection.and valuation fees,.and other fees incurred for the pmpose of protecting Lender'1i interest in the Property .and rights llJ1Lier this Security 1nstrument;.and (d) takes 1iuch action as Lender may reasonably require to .assure that Lender's interest in the Property .and rights under this Security 1nstrwnent, .and Borrower's obligation to pay the 1iWDS 1iecured by this Security 1nstrwnent, .shall continue unchanged. Lender may rt:quiri: that Borrower pay such reinstatement 1ilIIIlS.and expenses in one or more of the following forms,..as 1ielected by Lender: (a) cash; (b) money order; (c) .certified check, bank check, treasurer's WYOMING-Bingle F.amily-F.annieMJ1elFreddie Mu UNIFORMlNSTRUMENT P.age12ofl6 Form 3051 1/01 1nitials: <1?f ;:ili;ili!illili~m;~; :¡~T(.~~ii!¡:¡:ij~: ~.: ~:~~~I~:?,~:~:~::~ 091.6586 r· !Î n 4 (, ,.1 L' 1 0 check or C1tSwer's check, provided .any such check is drawn upon .an institution whose .deposits lITe .insured by a federal .agency, .instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security lnstrument.and obligations secured hereby Bhall remain fully effective.as jf no .acceleration had occurred. However, this right 10 reinstate Bhall not .apply .in the C1tSe of .acceleration under Section 18. 20. SJile 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 one or more rimes without prior notice 10 Borrower.· A sale might result in a change in the entity (known.as the "'Loan Servicer" ) that collects Periodic Pa)'lßents due under the Note .and this Security lnstrument .and performs other mortgage loan lJervicing 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. If1here jg.a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name .and .address of the new Loan Servicer, the .address to which p.ayments should be made .and .any other .Înfonnation RESP A requires in connection with a notice of transfer ofservicing. If the Note is lJold .and thereafter the Loan is serviced by .a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with 1he Loan Servicer or be transferred to.a successor Loan Servicer .and lITe not .assumed by the Note purchaser unless otherwise provided by 1he Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial .action (lIS 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 provision of, or any rluty owed by reason of, this Security Instrument, until such Borrower or Lender has notified 1he other party (with such notice given in compliance with the requirements of Section 15) of lJuch .alleged bre.ach .and llfforded the other party l1ereto .a reasonable period after the giving of lJuch notice to take corrective .action. If Applicable Law provides .a time period which must elapse before certain .action can be íaken, that rime period will be deemed 10 be reasonable for pmposes of this paragraph. Tl1e notice of .acceleration.and opportunity 10 cure given 10 Borrower pursuant to Section 22 .and the notice of .acceleration given to Borrower pursuant to Section 18 Bhall be deemed to satisfy the notice .and opportunity to 1ake corrective .action provisions of this Section 20. 21. JIazardoll5 Substances. As used in this Section 21: (.a) "'Hazardous Substances" lITe 1hose substances defined .as 10xic or hazardous substances, poIlutimts, or w.asíes by Environmental Law.and the following lJubstances: gasoline, kerosene, other :flammable or toxic petroleum products, toxic pesticides .and herbicides, volatile solvents, materials cnntJ'lining .asbestos or fonna1dehyde, and radioactive materials; (b) "'Environmental Law" means federal laws .and laws of the jurisdiction where 1he Property is located that relate to health, safety or environmental protection; (c) <'Environmental Cleanup" .includes .any response .action, remedial .action, or removal .action, .as defined .in Environmental Law; .and (d) an "'Environmental Condition" means .a condition that can QUlSe, contribute to, or otherwise trigger an Environmental Cleanup. Borrower .illall not QUlSe or pennit the presence, use, disposal, stornge, or release of .any .Hazardous Substances, or threaten to release .any Hazardous Substances, on or .in the Property. Borrower lJha1l not do, nor .allow .anyone else to do, .anything .affecting the Property (a) that is .in violation of .any Environmental Law, (b) which creates .an Environmental Condition, or (c) which. .due 10 the presence, use, or release of.a Hazardous Substance, creates.a condition that .adversely .affects the v.aIue of the Property. The preceding two lJentences .shall not llpply to the presence, use, or storage on the Property of .small quantities of Hazardous Substances that lITe generally recognized 10 be WYOMING-Single FJUnily- FJUUlie MaelFrrodie Mac UNIFORM INSTRUMENT P.age 13 of 16 Fonn3651 1/01 1nitials: JJ1 q '091..6586 C00141 .appropriate to normal residential uses .and to maintenance of the Pmperty (including, but not limited to, hazardous Bubstances in consumer products). Borrower shalJ promptly give Lender written notice of (1I) llI1Y investigation, clalln,.demand, lawsuit or other .action by llI1Y governmental or regulatory .agency or privllte party involving the Property .and llI1Y Hazardous Substance or Environmental LlIw of which Borrower luls .actual knowledge, (b) llI1Y Environmental Condition, including but not limited to, llI1Y BpilJing, leaking, discharge, release or threat of release of llI1Y Hazardous Substance, .and (c) llI1Y condition ClIllSed by the presence, use or release of.a .Hazardous Substance which .adversely .affects the v.alue of the Property. If Borrower learns, or is notified by llI1Y governmental or regulatory .authority, or llI1Y privllte party, that llI1Y removllI or other remediation ofllI1Y Hazardous Substance .affecting the Property is necessary, Borrower shall promptly take 1II1 necessary remedillI .actions in .accordance with Enviromnent:JÙ law. Nothing herein shalJ create llI1Y obligation on Lender for llI1Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower.and Lender further covenant .and .agree .as follows: 22. AccelerAtion; Remedies. Lender.shall give notice to Borrower prior to JU:Uleration following Borrower's breach of .any covenant or agreement in this Security lnstrument (but not prior to .acceleration under Section 18 unless Applicable Law provides otherwise). Tbe .notice .shall.specify: (a) thedefault; (b) the action required to cure the default; (c) a date, .not Jess than 30 days from the date the .notice is given to Borrower, by which the default must be £lU'ed;.and (d) that failure to cure the default on or before the date specified in the .notice may result in .acceleration of the sums secured by this Security Instrument.and .sale of the Property. Tbe notice .shall further inform Borrower of the right to reinstate .after acceleration .and the right to bring a court action to .assert the non-exÎ5tence of a default or .any other defense of Borrower to JU:Uleration .and .sale. If the default is not £UTed on or before the date .specified in the .notice, Lender .at its option may .require immediate payment in fnIl of all.sums .secured by this Security Instrnment without further demand.and may invoke the power of sale.and .any other remedies permitted by Applicable Law. Lender shall be entitled to collect .all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees.and costs of title evidence. If Lender invokes the power of .sale, Lender shall give .notice of intent to foreclose to .Borrower .and to the per son in possession of the Property, if different, in .accordance with Applicable Law. Lender.shall give .notice of the sale to Borrower in the .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. Tbe 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 ~ed by this Security Instrnment;.and (c).any excess to the person or persons Jegallyentitled to it. 23. Release. Upon pllyment ofllIl .sums secured by this Security Instrument, Lender .shall release this Security 1nstrument. Borrower.shall pay llI1Y recordation costs. Lender may charge Borrower .a fue for .T~lea"inz this Security 1nstrument, but only if the fee is paid to.a third party for .services rendered.and the .charging of the fue is pennitted under Applicable law . 24. Waivers. Borrower releases.and wAives.al1 rights.under .and by virtue of the homestead :exemption Jaws of Wyoming. WYOMING-Bingle "F.amily- FJIDJlie MaelFreddie Mac 1JNIFORM INSTRUMENT J'lIgC 14 of 16 :Form3051 1/01 ~: Œfj :::f*::i::::~:;!::;:~ !t:(~j~ ~~~;l;~¡~;m!mmm¡ 091~6586 r'!ì(1":42 \.- \.1 1.1 -l .BY SIGNING BELOW, Borrower .accepts and.agrees to the tenns.and covenants contained in this Secmity lnstrwnent .and in my Rider executed by Borrower .and recorded with it. Witnesses: (Seal) -Borrower (Sea]) -Borrower (Seal) -Borrower (Seal) -Borrower WYOMING-Single YBIIlÍly- YJIJUlie MaelFreddie Mac UNIFORM INSTRUMENT PlIge 15 of 16 'Fonn3051 1/01 ! . 091..6586 C00143 STATE OF WYOMING, ¿irr Vð¿)COUDty 5S: The foregoing mstruInent was .acknow~ed before me 1his 3d .Mil Ith ZðlJhby Jacob Andrew GJillOWJlY, My CominissionExpu-t:S: :? ~ I,. ?DDl- MINDY LYMAN .Notary Public County of State of Lincoln Wyoming My Commission Expires:;J - - ¿uJ WYOMING-Single FlIIDÎly- F.annie Mae1Freddie Mac UNIFORM INSTRUMENT PlIge16of16 'Form 3051 1/01 lIritiW: CJ)0 ::::!:::::i:~:::' :::i: ~:~~:2::~:::~~~:1~:j