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HomeMy WebLinkAbout917164 :i:;i~mm~tmI~;m 3'0' Mter Recording Return To: COUNTRYWIDE: HOME: LOANS, INC. MS SV-79 DOCUMENT PROCESSING P.O.Box 10423 Van Nuys, CA 91410-0423 Prepared By: CHRISTINA FOWLER C00840 RECEIVED 3/31/2006 at 3:27 PM RECEIVING# 917164 BOOK: 615 PAGE: 840 \JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY [Space Above This Line For RecordingDataJ 6010614912 00012.785667203006 [Doc ID II [Escrow/Closing II MORTGAGE ~1000157-0006410915-6 DEF1NITIONS Words used in multiple sections of this document are defmed below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain roles regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated MARCH 2.7, 2.006 , together with all Riders to this document. (B) "Borrower" is WILLIAM ROBERT BARRETT JR, AND RENE: ANN BARRE-TT, HUSBAND AND WIFE: AS TENANTS BY THE: ENTIRETY ul Borrower is the mortgagor under this Security Instrument. (C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation thatis acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI48501-2026, tel. (888) 679-MERS. (D) "Lender" is COUNTRYWIDE HOME: LOANS, INC. Lenderis a CORPORATION organized and existing under the laws of NEW YORK Lender's address is 4500 Park Granada MSNt SVB-314, Ca1abasas, CA 91302.-1613 (E) "Note" means the promissory note signed by Borrower and dated MARCH 27, 2.006 . The Note states that Borrower owes Lender TWO HUNDRED FORTY FOUR THOUSAND and 00/100 /f],U¡ --T Dollars (U.S. $ 2.44, 000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than APRIL. 01, 2.036 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." WYOMING-Single Family-Fannie MaeIFreddle Mac UNIFORM INSTRUMENT WITH MERS Gi, -6A(WY) (0005) CONVNA Page 1 ot 11 CHL (OB/05)( d) VMP Mortgage Solutions. Inc. (800)52.1-72.91 Form 3051 1/01 "2.3991" " 1 2. T 8 5 6 6 T 2. 0 0 0 0 02.0 0 6 A " ~'{b ;~:::::>.'*!¡¡' ~.:.¡':t:.:~!:~:!:!:,: 09171.64 COû841 DOC ID ~: OOO~2785667203006 (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges 1IIld late charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: D Adjustable Rate Rider D Condominium Rider o Second Home Rider D Balloon Rider 0 Planned Unit Development Rider' 0 1-4 Family Rider D VA Rider D Biweekly Payment Rider D Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community As¡¡ociation Dues, Fees, and Assessments" means all dues, fees, assessment" and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic tenninal, telephonic instrument, computer, or magnetic tape so a" to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ü) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value 1IIld/or condition of the PIOperty . (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ü) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) 1IIld its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. M used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESP A. (Q) "Successor in1nterest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ü) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant 1IIld convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns ofMERS, with power of sale, the following described property located in the COUNTY of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot 29 o£ Star Va~~€y Ranch P~at 22, Lincoln County, Wyoming as described on th€ o££icial p~at ther€o£ in th€ records o£ th€ Lincoln County C~€rk. ParcelIDNumber: 35~83020712800 which currently has the address of ~70 N FOREST DR, THAYNE [Street/City] Wyoming 8 3~27 [Zip Code] ("Property Address"): q -6A(WY) (0005) CHL (08/05) Page 2 of 11 Form 3051 1/01 ~ 0917164 ('0 ' ..; 0842 DOC ID #: 00012785667203006 TOGETHER WITH all the improvements now or hereafter 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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the illterests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, illcluding, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 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 unencumbered, except for encumbrances of record. Borrower warrant<; and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TIllS SECURITY lNSTRUMENT combines unifonn covenants for national use and non-uniform covenants with limited variations by jurisdiction' to constitute a uniform security instrument covering real property . UNIFORM COVENANTS. Borrower and Lender covenantæd agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, llnd Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note æd any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security lnstrument shall be made ill U.S. currency. However, if any check or other illstrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that æy or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, illstrumentality, or entity; or (d) Electronic Funds Transfer. Payment<; are deemed received by Lender when received at the location designated ill the Note or at such 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 paymenis are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuffIcient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay illterest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or ill the future against Lender shall relieve Borrower from making payments due under the Note and this Security lnstrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described ill this Section 2, all payment<; accepted æd applied by Lender shall be applied in the following order of priority: (a) illterest'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 ill the order ill which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, æd then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay æy 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 Payments if, and to the extent that, each payment can be paid ill full. To the extent that æy 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 applied first to any prepayment charges and then as described in the Note. Any application of payments, illsurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid ill full, a sum (the "Funds") to provide for payment of amounts due for: (a) UlXes æd assessments æd 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 illsurance required by Lender under Section 5; æd (d) Mortgage Insurance premiums, if æy, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums ill accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at æy time during the term of the Loan, Lender may require that Community Association Dues, Fees, æd Assessments, if any, be escrowed by Borrower, and such dues, fees æd assessments shall be æEscrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under thisSection. 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 æy or all Escrow ~ ~6A(WY) (0005) CHL (08/05) Page 3 0111 Form 3051 1/01 ::::::::~i~)~~~!;: .·:·:':~;:t.ili:;iÌø ~ ;::::::::$::~:::;:; ;:f:::;::~~~;~:~~¡' :.00843 09171.64 DOC ID *: 00012785667203006 Items at any time. Ally such waiver may anly be in writing. In the event af such waiver, Barrower shall pay directly, when and where payable, the amaunts 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 obligation to. make such payments and to. pravide receipts shall far all purpases be deemed to. be a cavenant and agreement cantained in this Security Instrument, as the phrase "cavenant and agreement" is used in Sectian 9. If Barrawer is abligated to. pay Escraw Items directly, pursuant to a waiver, and Barrawer fails to. pay the amaunt due far an Escrow Item. Lender may exercise its rights, under Sectian 9 and pay such amaunt and Barrawer shall then be abligated under Sectian 9 to. repay to. Lender any such amaunt. Lender may revake the waiver as to. any ar all Escraw Items at any time by a natice given in accardance with Sectian 15 and, upan such revacatian, Borrawer shall pay to. Lender all Funds, and in such amaunts, that are then required under this Sectian 3. Lender may, at any time, callect and hald Funds in an amaunt (a) sufficient to. pennitLender to. apply the Funds at the time specified under RESP A, and (b) nat to. exceed the maximl,lID amaunt a lender can require under RESP A. Lender shall estimate the amaunt af Funds due an the basis af current data and rea')anable estimates af expenditures af future Escraw Items ar atherwise in accardance with Applicable Law. The Funds shall be held in an institutian whase depasits are insured by a federal agency, instrumentality, ar entity (including Lender, if Lender is an institutian whase depasits are sa insured) ar in any Federal Harne Laan 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 the Funds, annually analyzing the escrow accaunt, ar verifying the Escrow Items, unless Lender pays Barrawer interest an the Funds and Applicable Law pennits Lender to. make such a charge. Unless an agreement is made in writing ar Applicable Law requires interest to. be paid an the Funds, Lender shall nat be required to. pay Barrawer any interest ar earnings an the Funds. Barrawer and Lender can agree in writing, hawever, that interest shall be paid an the Funds. Lender shall give to. Barrawer, withaut charge, an annual accaunting af the Funds as required by RESP A. If there is a surplus afFunds held in escrow, as defined under RESPA, Lender shall accaunt to. Barrawer far the excess funds in accardance with RESP A. If there is a shartage af Funds held in escraw, a') defmed under RESPA, Lender shall natify Barrawer a') required by RESPA, and Barrawer shall pay to Lender the amaunt necessary to make up the shartage in accardance with RESP A, but in no. mare than 12 manthly payments. If there is a deficiency af Funds held in escrow, as defined underRESP A, Lender shall natify Barrower as required by RESPA, and Barrawer shall pay to. Lender the amount necessary to. make up the deficiency in accardance with RESP A, but in no. mare than 12 manthly payments. Upan payment in full af all sums secured by this Security Instrument, Lender shall promptly refund to Barrower any Funds held by Lender. 4. Charges; Liens. Barrawer shall pay all taxes, assessments, charges, fmes, and impositians attributable to. the Praperty which can attain priarity aver this Security Instrument, leasehald payments ar graund rents an the Property, if any, and Cammunity Assaciatian Dues, Fees, and Assessments, if any. To. the extent that these items are Escrow Items, Barrawer shall pay them in the manner pravided.in Sectian 3. Barrower shall promptly discharge any lien which has priarity aver this Security Instrument unless Barrower: (a) agrees in writing to. the payment af the abligatian secured by the lien in a manner acceptable to. Lender, but anly sa long as Barrawer is perfanning such agreement; (b) contests the lien in gaad faith by, ar defends against enfarcement af the lien in, legal proceedings which in Lender's apinian aperate to. prevent the enfarcement af the lien while thase proceedings are pending, but anly until such praceedings are cancluded; ar ( c) secures from the halder af the lien an agreement satisfactory to. Lender subardinating the lien to. this Security Instrument. If Lender detennines that any part af the Praperty is subject to a lien which can attain priarity aver this Security Instrument, Lender may give Barrawer a natice identifying the lien. Within 10 days af the date an which that natice is given, Barrawer shall satisfy the lien ar take ane ar mare af the actians set farth abave in this Sectian 4. Lender may require Barrawer to. pay a ane-time charge far a real estate tax verificatian and/ar reparting service used by Lender in cannectian with this Laan. 5. Property Insurance. Barrawer shall keep the improvements naw existing ar hereafter erected an the Property insured against lass by fIfe, hazards included within the term "extended caverage," and any ather hazards including, but nat limited to., earthquakes and flaads, far which Lender requires insurance. This insurance shall be maintained in the amaunts (including deductible levels) and far the periads that Lender requires. What Lender requires purSWUlt to. the preceding sentences can change during the tenn af the Laan. The insurance carrier providing the insurance shall be chasen by Borrower subject to Lender's right to. disapprave Barrawer's chaice, which right shallnat be exercised unreasanably. Lender may require Barrawer to. pay, in cannectian with this Loan, either: (a) a ane-time charge far flaad zane determinatian, certificatian and tracking services; ar (b) a ane-time charge far .flaad zane detenninatian and certificatian services and subsequent charges each time remappings ar similar changes accur which reasanably might affect such detenninatian ar certification. Barrower shall also. be respansible far the payment af any fees impased by the Federal Emergency Management Agency in cannectian with the review af any' flaad zane determinatian resulting fram an abjectian by Barrawer. If Barrawer fails to. maintain any afthe caverages described abave, Lender may abtain insurance caverage, at Lender's aptian and Barrawer's expense. Lender is under no. abligatian to. purchase any particular type ar amaunt af caverage. Therefare, such caverage shall caver Lender, but might ar might nat pratect Barrawer, Barrawer's equity in the Property, ar the cantent') af the Praperty, against any risk, hazard ~ -6A(WY) (0005) CHL (08/05) Page 4 of 11 Fonn 3051 1/01 ~ 09171.64 COC844 DOC ID f: 00012785667203006 ar liability and might provide greater ar lesser caverage than was previausly in effect. Barrawer acknawledges that the cast af the insurance caverage sa obtained might significantly exceed the cast af insurance that Barrawer cauld have abtained. Any amaunts disbursed by Lender under this Sectian 5 shall became additianal debt af Barrawer secured by this Security Instrument. These amaunts shall bear interest at the Nate rate from the date of disbursement and shall be payable, with such interest, upan natice fram Lender to. Barrower requesting payment. All insurance palicies required by Lender and renewals af such palicies shall be subject to. Lender's right to. disapprove suchpalicies, shall include a standard martgage clause, and shall name Lender as martgagee and/ar as an additianal lass payee. Lender shall have the right to. hald the palicies and renewal certificates. If Lender requires, Borrawer shall promptly give to. Lender all receipts of paid premiums and renewal natices. If Borrower abtains any fann of insurance caverage, nat atherwise required by Lender, for damage to., ar destructian af, the Praperty, such palicy shall include a standard martgage clause and shall name Lender as martgagee and/ar as an additianal lass payee. In the event af lass, Barrawer shall give prompt natice to the insurance carrier and Lender. Lender may make proaf af lass if nat made promptly by Barrawer. Unless Lender and Borrawer otherwise agree in writing, any insurance proceeds, whether ar nat the underlying insurance was required by Lender, shall be applied to. restaratian ar repair af the Property, if the restaratian ar repair is ecanamically feasible and Lender's security is nat lessened. During such repair and restaratian periad, Lender shall have the right to hald such insurance proceeds until Lender has had an oppartunity to. inspect such Property to. ensure the wark has been campleted to. Lender's satisfactian, provided that such inspectian shall be undertaken promptly. Lender may disburse proceeds far the repairs and restaratian in a single payment ar in a series of pragress payments as the wark is campleted. Unless an agreement is made in writing ar Applicáble Law requires interest to. be paid an such insurance proceeds, Lender shall nat be required to. pay Barrawer any interest ar earnings an such praceeds. Fees far public adjusters, ar ather third parties, retained by Barrawer shall nat be paid out af the insurance praceeds and shall be the sale abligatian af Barrawer. lf the restaratian ar repair is nat ecanamically feasible ar Lender's security wauld be lessened, the insurance proceeds shall be applied to. the sums secured by this Security Instrument, whether ar not then due, with the excess, if any, paid to. Barrawer. Such insurance praceeds shall be applied in the arder pravided far in Sectian 2. If Barrawer abandans the Praperty, Lender may file, negatiate and settle any available insurance claim and related matters. If Barrawer daes not respand within 30 days to. a natice fram Lender that the insurance carrier has affered to. settle a claim, then Lender may negatiate and settle the claim. The 3D-day periad will begin when the natice is given. In either event, ar if Lender acquires the Property under Sectian 22 ar atherwise, Barrawer hereby assigns to. Lender (a) Barrawer's rights to. any insurance proceeds in .an amaunt nat to. exceed the amaunts unpaid under the Nate ar this Security Instrument, and (b) any ather afBarrawer's rights (ather than the right to. any refund af unearned premiums paid by B arrawer) under all insurance palicies cavering the Praperty, insafar as such rights are applicable to the caverage of the Praperty.Lender may use the insurance praceeds either to. repair ar restare the Property ar to. pay amaunts unpaid under the Nate ar this Security Instrument, whether ar nat then due. 6. Occupancy. Barrawer shall accupy, establish, and use the Praperty as Barrawer's principal residence within 60 days after the executian af this Security Instrument and shall cantinue to. accupy the Praperty as Barrawer's principal residence far at least ane year after the date af accupancy, unless Lender otherwise agrees in writing, which cansent shall nat be unreasanably withheld, or unless extenuating circumstances exist which are beyand Barrawer's cantral. 7. Preservation, Maintenance .and Protection of the Property; .Inspections. Barrawer shall nat destray, damage ar impair the Property, allaw the Praperty to. deteriorate ar cammit waste an the Property. Whether or nat Barrawer is residing in the Praperty, Barrawer shall maintain the Property in arder to. prevent the Property fram deteriarating ar decreasing in value due to. its conditian. ûnless it is detennined pursuant to Sectian 5 that repair ar restaratian is nat ecanamically feasible, Barrawer shall pramptly repair the Property if damaged to. avaid further deteriaratian ar damage. If insurance ar candemnatian proceeds are paid in cannectian with damage to., ar the taking af, the Praperty, Barrawer shall be respansible far repairing or res taring the Property only if Lender has released proceeds far such purpases. Lender may disburse proceeds far the repairs .and restaratian in a single payment ar in a series af pragress payments as the work is campleted. If the insurance ar candemnatian proceeds are nat sufficient to. repair ar restare the Praperty, Borrawer is nat relieved afBarrawer's abligatian far the campletian af such repair ar restaratian. Lender ar it') agent may make rea')anable entries upan and inspectians af the Praperty. If it has reasanable cause, Lender may inspect the interiar af the improvements an the Property. Lender shall give Barrawer natice at the time af ar priar to. such an interiar inspectian specifying such reasanable cause. 8. Borrower's Loan Application. Barrawer shall be in default if, during the Laan applicatian process, Borrawer ar any persans ar entities acting at the directian af Barrawer ar with Borrawer's knawledge ar cansent gave materially false, misleading, ar inaccurate infarmatian ar statements to Lender (ar failed to. pravide Lender with material infarmatian) in cannectian with the Laan. Material representatians include, but are nat limited to., representatians cancerning Borrawer's accupancy af the Property as Barrawer's principal residence. ~ -6A(WY) (0005) CHL (08/05) Page 5 of 11 Form 3051 1/01 ~ ~~iilliliil~~!~~ ~;~~~¡i~~]r 091 '7!Gq C00845 DOC ID *: OOOl2785667203006 9. Protection of Lender's Interest.in the Property and Rights Under this Security Instrument. 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 Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, 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 in 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 on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage lnsurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the MortgageInsurance previously jn effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage lnsurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payment<; that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments jf Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payment<; toward the premiums for Mortgage Insurance. If Lender required Mortgage lnsurance '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 maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate 1Jrovided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage jnsurers evaluate their total risk on all such insurance jn force from time to time, and may enter mto agreement<; with other parties that share or modify their risk, or reduce losses. These agreements are on tenns and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage jnsurer may have available (which may include funds obtained from Mortgage Insurance premiums). A<; a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often teaned "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not .increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. ~ -6A(WY) (0005) CHL (08/05) Page 6 of 11 Form 3051 1/01 ~ 091.7164 r' () 8 "J vC 4'6 DOC ID *: 00012785667203006 (b) Any such agreemeuts will not affect the rights Borrower .has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other Jaw. These rights may include the right to receive certain disclosures, to request and obtain cancellation 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. Assigument of Miscellaneous 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 restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to enSure the work has been completed to Lender's satisfaction, provided that such .inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a s.ingle 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 on 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.in the order provided for.in Section 2. In the event of a total taking, destruction, or loss .in value of the Property, 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. In the event of a partial taking, destruction, or loss .in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss .in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss .in value, unless Borrower and Lender otherwise agree.in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured .immediately before the partial taking, destruction, or loss .in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss .in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss .in value of the Property .in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss .in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action .in regard to Miscellaneous Proceeds. Borrower shall be in default .if any action or proceeding, whether civil or criminal, is begun that, .in Lender's judgment, could result .in forfeiture of the Property or other material impainnent of Lender's .interest in the Property or rights under this Security Instrument. Borrower can cure such a default and,if acceleration has occurred, reinstate as provided.in Section 19, by causing the action or proceeding to be dismissed with a ruling that, .in Lender's judgment, precludes forfeiture of the Property or other material impainnent of Lender's .interest .in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impainnent of Lender's .interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest 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 proceedings against any Successor .in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the orig.inal Borrower or any Successors.in lnterest of Borrower. Any forbearance by Lender .in exercis.ing any right or remedy .including, without limitation, Lender's acceptance of payments from third persons, entities or Successors .in Interest of Borrower or.in amount,> less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns .Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security .Instrument but does not execute the Note (a "co-signer"): (a) .is co-signing this Security ~ -6A(WY) (0005) CHL (08/05) Page? 0111 Form 3051 1/01 {~ runU~jj:~:ji;~~ !*::!~:?f*::~::::;i ili:l:?ili~~;2:~:' g~! ~::::::8:~:~~~::i\ 091.71.64 C00847 DOC ID f: 00012785667203006 Instrument only to mortgage, grant and convey the co-signer's interest in the Property Wlder the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in lnterest of Borrower who assumes Borrower's obligations Wlder this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits Wlder this Security Instrument. Borrower shall not be released from Borrower's obligations and liability Wlder this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services perfonned in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights Wlder this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the pennitted limits, then: (a) any such loan charge shall be reduced by the amoWlt necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded pennitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will , constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address Wlder this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required Wlder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement Wlder 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 silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (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 discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. .A1; used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, mstallment 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 full of all 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 sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security Instrument without further notice or demand on Borrower. . -6A{WY) (0005) CHL (OS/05) <S> Page 8 of 11 Form '3051 1/01 ,~ 091741£'(1 ~~.) "-~ COC848 DOC ID ~: 00012785667203006 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall 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 tennination of Borrower's right to reinstate; or (c) entry ofa judgment enforcing 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 acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation 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 action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 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 one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there isa 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 llddress to which payments should be made and any other infonnation RESP A requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than 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 U1Ùess otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an .individual litigant or the member of a class) that Mises from the other party's actions pursuant to this Security Instrument or that alleges that the other party ha,> breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provi,>ions of this Section 20. 21. Hazardous Substances. Aß 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: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, 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 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 cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor 1lllow 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 to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nonna! residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer product,». Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving 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 condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If .Borrower leams, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. ~ -6A(WY) (ODDS) CHL (08/05) Page90f11 Form 3051 1/01 :If¡*~;:;::~::::::~ ~!:Iti~~~!~~:;:, ~~ ¡l¡~~::ti~~~tf~8'~r&I" I~I ~ii~~il. .~,Ij.S:I>mJ"~ . ~.:I~í!I~~!)~{:¡~~M/~· ':8:::::~~*::::~:: ¡: ::~::~~~~l;~~:;.::$: 0917264 C r-, 1"\" 'g" L",,~ ::DDC:ID =it: DDDlT7B36672D3DD6 NON-TIN1FDRM COVENANTS.::Borro~ JU1d:Lenderi'urtha .covenantJU1d.agœejlSiollows: 22. A rr..1..rlltion¡ "RPm..rIiM:.T ~nrlf'r .&ha1l ~ve ~otice to .BorrOWfi prior io ar,.,.l..rahon .following .::BorrOWfi'.s br~ of.Jmy .covenant or ~ef'J11..nt in ibis Becurity Tm:trmn..nt (hut.DOt prior to flr,.,.l..rllhon.nnder BectionJ.8 DDless.App1irab1..Law provides otherwise). The:notice-BhaIl.Bpecify: (.a) :the rI..fllT11t; (b) ße.JiCtion~ro to J:Dre ße rI..fll111tj (c).a.date, .DOt less 1lum30 .days irom:the.date .1he ~oticeis~v.en io.BOITowfi, by whichthe.defaultEIlSt be cnred;.and (d) ihat.fai1ure to J:Dreße rI..fa111t on or before.the .date ßJ'..rifiPil In ße DOtice .may x:esult In IIrr..1"1"9tion of ße BUmS JieCUrro by ibis .security .Jnstrmn...nt.JU1d.Bale of :the.P:roperty. The .notice.&h.all furtb..r .inform.Borrowfi of.the.right io xpjm:ta t....after II rr..1"1"9h on ..and the.right io bring.a £ODr1..adion io..assert :the ~ of..a rI..fsm 1t or.anyother rIf'ff'n!:f' of.BOITowfi to IIrrp1..rHtion .and.sale..1f the Ò..fH111t is.DOt J:Drro on or .before the .date .Bpecifiedin the.:notiœ, T ...nrl..r ..at.its option.may ~e ;mm..rIiHt.. ]18ymentin..full of~ BUmS .iJecurro by ihis Becurity Tm:trmn..nt "WÎfi1ont fnrth.... ò"'IT1Hnrl.JU1d.may Jnvoke.the POWfi of.sale 11m'! any other rp'IT1Pi1if'li: p..rmittPil .by .App1irHhJeLaw. T ...m'!..r JiliJill be pntit1Pil .to JXillect.all.a:pensesJncun-roJn j1urlming the Tf''IT1Pi1i~ ]lI"ov.idedJnj}Üs Bec1ion.22, inr1urlin,g, hnt.DOt lhnitPil to, x.easonable attornf'Ys' .:fees.and.costs of.:title ~vin..n,.,., .1f T ....,.¡rl..r .invokes.the power of.ß8le, T .PTIn..r ßuill ~ve:notice ofIDíent io.for~e to.:Borrower.JU1d .to.the person.in possession of.the .:property, jf òiff..rl"nt, In IIrroròHnr~"With .ÄppliNihl.. Law. T ...nn.... Æball~ve:notice lJf the.Bale to .ÐOITower in the -m Hnn..r prov.idedJnBec1ion.J5. T ...nil.... -BhaIl pu blillh the :notice lJf.ß8le,.andthe.:p:roperty -BhaIl.be.iJold.inthe "'111 Hnn..rpr_M-ihed by .Äpplirabl.. Law. T ,pnrl..r orm Ò~f'P...may j1urrha!:.- .the .P..roperty Jlt.JmY.sale. The]lI"oceeds of :the .Bale.1iliJill be .jlpjilied in .:ihe .following order: (.a) io.Àß PYp..nl)M: of.:ihe.ß8le, inrlurling, hnt.DOt linrltPil to,~onabIe IIttorn..ys'.fees¡ (b) io..allBUmS.securro by :fbisBecurity Tnlltrnn....ntj.and (c).JmY £UeBS ioiheperson orperBons~y -f'ntit1Pil to.it. .23. Jlèlease. "Upon:payment ill .Jill.sums ~~11't"rI by 1his .s~rity lTl!:tTl1m~t .It:ndcr muùl~ 1his .Becurity lTl!:tnrrn~Tlt. .:BoIIOw.cr muùl -pay .Jmy .IeCOrdation l:osts. .Lcnda .may ~ .:BorroWer .1l Jee for ,-p,lp,lIci~ 1his S~r.nrity lTl!:tn~t. .but .only jf 1he Jee.is:paid 1O.a 1lrird party for .services Tnlrlt'T/"rl.1lIld 1he r.hllTJ?TI'& ill1heieejsr~im-.rl:nndc" ~law. .24. W.aiv~.' .:Bouo~.:releases.and w.aiv~s.Jill Iights, JID..da JU1d by virtue ill 1.he hnTn~!:tl",j rI ~y~ti nn Jaws DfWyoming. .:BY .BIGNING .:BELOW. .:Borrower .accepts JU1d .1igrees 10 1he Erms :and l:Ov.cnan!s cnTltllm~rl.:in 1his .Becurity lm:tnrrn~t JU1d.:in lIIlY Jlidcr~Yl".r.l1tl".rl by .:Borrower JU1d.:recorded with.it. ø~£:4G1 1'lILLIAM :ROBER:r 3?ABBETI' ,:;)R ~~~~~ {&81) -JlmroW1:[ , {&81) ~ -ANN 3ilœ1æTI' -:BmroWJ:f (&81) -JlmroW1:[ (&81) -Jlmrower ~~A(WY)(OOD5) .I::HL(DBJDS) Page 1DDf11 ñmn3D51"11D1 COOB50 03171.64 STATE OF WYOMING, DOC ID ~: OOOl2785667203006 Lincoln County ss: Theforegoing instrument was acknowledged before me this 27th day of March, 2006 by William Robert Barrett, Jr. and Rene Ann Barrett ' , My Commission Expires: 9-15- 07 Nð~M~ GLORIA K BYERS - NOTARY PUBUC County of Unco/n State of M C. Wyoming y ommlssJon Expires Sept 15, 2007 ~ -6A(WY) (0005) CHL (08/05) Page 11 of 11 Form 3051 1/01 [m~~m~~~imm