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Home My WebLink About917902 iF ~.,': ~ ;\;, . -. '~\.¡: .~.,.:,' ;,' , 60306 (01) (0'13 000342 Return To: FHHLC - POST CLOSING MAIL ROOM 1555W. WALNUT HILL LN. #200 MC 6712 IRVING, TX 75038 Prepared By: FIRST HORIZON HOME LOAN CORPORATION 1315 SOUTH HIGHWAY 89, SUITE 101 JACKSON, NY 83001 [Space Above This Line For Recording Data] MORTGAGE 0057594426 DEFINITIONS RECEIVED 5/1/2006 at 10:01 AM RECEIVING # 917902 BOOK: 618 PAGE: 342 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY - .- --~-- - -. - --.-. -.. Words used in multiple sections of this document are defmed below and other words are defmed in Sections 3, 11, 13, 18,20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. 'Jt; (A) "Security Instrument" means this document, which is dated April 19th, 2006 together with all Riders to this document. (B) "Borrower" is ANNE MARIE WHITEHURST, An Unmarried Woman \~ \ . .\1 : ¡ ..' j Borrower is the mortgagor under this Security Instrument. (C) "Lender" is FIRST HORIZON HOME LOAN CORPORATION Lend~isa CORPORATION organized and existing under the laws of THE STATE OF KANSAS WYOMING-Single Fam{.l~Fannle Mae/Freddie Mac UNIFORM INSTRUMENT ..; Form 3051 1/01 - -6(WY) (0000) -Wi P.':::' ~:RTGAG' FOR"' . ::::::, "" 1111I111111111111111111111111111111 .. 09"17902 000343 Lender's address is 4000 Horizon Way, Irving, Texas 75063 Lender is the mortgagee under this Security Instrument. (D) "Note" means the promissory note signed by Borrower and dated April 19th, 2006 The Note states that Borrower owes Lender SIX HUNDRED NINETY SIX THOUSAND & 00/100 DollMS (U.S. $ 696,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1st, 2037 (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest (G) "Riders" means all Riders to this Security Instrument that Me executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: D Adjustable Rate Rider D Balloon Rider D VA Rider D Condominium Rider D Planned Unit Development Rider D Biweekly Payment Rider D Second Home Rider D 1-4 Family Rider [XJ Other(s) [specify] CONSTRUCTION LOAN RIDER (II) "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. .. (I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that Me imposed on Borrower or the Property by a condominium association, homeowners association or SimilM organization. (1) "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 terminal, 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 not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" means those items that Me described in Section 3. (L) "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; (ill) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property . (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, . the Loan. (N) "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. (0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and 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. As used in this Security Instrument, "RESP A" 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. ..... ,-- 0057594426 C -6(WY) (0005) @ Page2of15 ,""'"M Form 3051 1/01 1:;¡,t':!:~:':I:'~~~i:i ti;H~;:::::::::::::::: : .:::,,::,;~tg¡:;f.f.;:~L, ·.·...·.-·,·'·1·· . ....¡., 091.7902 000344 (P) "Successor in Interest 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 perfonnance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, i3orrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale, the following described property located in the Co un ty of Lincoln [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] LOT 8 OF SALT RIVER COVE DIVISION NO.1, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. Parcel ID Number: 'County: 36191030014900 NNA WILLOW CREEK DRIVE ALPINE ("Property Address"): Ci ty: N/A which currently has the address of [Street] [City] ,Wyoming 83128 [Zip Code] TOGETHER WJTH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and ftxtures 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 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 warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TIllS SECURITY INSTRUMENT combines unifonn covenants for national use and non"unifonn covenants with limited variations by jurisdiction to constitute a unifonn security. instrument covering real property . UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow 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. J~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~Ymen under the Note or this OOS7S94~26 Initials: G-6(WY) (0005) Page 3 of 15 Form 3051 1/01 C!> -:,;:, , wej",,>II' . 091790Z nr'lO"'¡45 \"¡0 0 Security Instrument is returned to Lender unpaid, Lender may require that any. or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following fonns, 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. . Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the'notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments 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 interest 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 reasonab]e 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 in the future against Lender shall relieve Borrower from making payments· due under the Note and this Security Instrument or perfonning the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2,all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became 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 from 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 Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or 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, insurance 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 in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the tenn 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 to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at anytime. Any such waiver may only be in writing. In the event of such waiver,Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of ;;; -~... ..... ""- ~.- 0057594426 C -6(WY) (0005) C!> Page40115 ,,,..,.~ Form 3051 1/01 0917902 000846 Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to bea covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due foran Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pennit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESP A. Lender shall estimate the amount of Funds due on the basis of current data and reasonable est.in1ates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest. on the Funds and Applicable Law pennits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESP A. If there is a surplus of Funds held in escrow, as defmed under RESP A, Lender shall account to Borrower for the excess funds in accordance with RESP A. If there is a shortage of Funds held in escrow, as defmed under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defmed under RESPA, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fmes, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in,legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines that any pa-rt of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 0057594426 GÞ. -6(WY) (0005) (!> Page 5 of 15 '"",."'~ Form 3051 1/01 .. - - i ~ r, ""¥ \!~. ,~ .. '1. '1,:\' ""\, 'f''';t /~ ,..-.? , ..ì .',:;r::ï;i:;;'~:OIi;;"';':'..'i; "". -, ~-:".,... '; . ·.'·:','·~'i.7;":.'·,: .. ;. ·:~.:tlQ.;t:i2Z~.·~_ '" f::;':·t'i,'~_V";:;ji .' ·i·~:'i·i~¡tõt·IL··' .:.. -'...,........,..-"....,. 0917902 C00347 llays of:the ñate on w.hich that ]lorice .is givffi, :Borrower .shåll.satisfy :the lien or 1.ake one or more of:the .3Ctions Bet forth .above in this .section 4. Lender may xequire :Borrower to pay .a 0Ilð-1ime .charge for .aIeaI-estate tax Verifi~:1tiOl1.and/orIeporting .service used by Lender in ~nnnection with thisLoan. 5. Property.Insur2Dœ. :Borrower .shållJœep theimprovroleIlts ]lOW ßxicing or hP.rf>J1ftP.r erecred on :the Property insured .against loss by iire.l1azards indnnf>iI within :the term "extended coverage." :and.any other h:17J1Tn~·indnning. but ]lotJimited to, f.3l1hqnakes:and floods, for which Lender :requires in~nT:!nce. This . in~lmmc-.e Bhall be m:1int:1inf>iI .in the .amOlmts (indnning nf>iln~tihl~ levels) .and for :the :periods that Lender Iequires. What Lender xequires :pursuant to the :preceding Bf'..J1tffi1œs 1:3D cl1ange.dm:ing :the term of:the Loan. The in~mm('.e .carrier :providing :the imllT:m~ Bhall be rllosen by :Borrower .subject to Lender'B :right to .disapprove :Borrower's rl1oice, which :right Bhall ]lot be p'xM"Cised nnreasonably_ lender may xequire :Borrower to pay. in connection with this Loan.:either: (ll).a DIlð-1ime .charge for flood:zone n~tf'!TTTIin:1tinn, œrrifi~:1tinn .and :tracking .services; or (b) .a OIlð-time charge for flood zone n~tf'!TTTIin:1tinl1:and œrtific":1tinl1 5erv.ÏœS .and Bubsequent .charges :each 1ÌIne IemappingS or .similar cl1anges occur w.hich xeasonablymight .affect .such. d~tf'!TTTIin:1tinn or œrrifi~Minn. :Borrower .shall1l1so be xesponsible for :the :payment of .any fees imposed by :the Federa1.Emergency Management Agency .in connection wjili :the Ieview of .any flood.zone n~tf'!TTTIin:1tinn xesu1ting from.an objection by:Borrower. If :Borrower fai1sto m:1int:\il1 .any of :the coverages described .above. Lender may obtain in~mmc-.e .coverage. ..at Lender's option .and :Borrower'B :expense. Lender is ID1der ]lO o"hliz:1tinn to :purchase .any particuJæ" type or .amount of coverage. Therefore. .such ~oveœge .shall ~over Lender. but might Dr might ]lot :protect :Borrower. :Borrower·.s equity .in the Property. or:the contents of:the ,Pmperty, .against.any :risk. .hazard Dr liability .and might :provide p-eater Dr lesser coverage than w.as :prev.iously in rlfect. :Borrower .acknowledges that the cost of :the insm.ance coverage BO obtained might ~ifi~:1ntly exceed :the ~ost of in~llT:1nœ that:Borrower could .have obtained. Any .aìnountsdisbursed by Lender ID1der 1his .section 5 .shåll become :1nilitinn:11debt of:Borrower.secured by this Security 1n~tl1lmffi1t These.amounts.shall bear.interest1lt :the NoteIate from :the ñate of disbursement.and.shall be pay.ab1e. wjfu.such.interest, lIpon :notice.from Lender to :Borrower:requestíng :payment All in~mmœ:policies xequired by I.ender .and Iffiew.a1s of .such :policies.shall beBUbject to I.ender·B :right to .disapprove .such policies. .shall include .a ~t:mn:JTiI mortgage clause. :and Bhall JlaDle Lender ..as mortgagee.and/Dr .as.an :1i1iiitinnalloss payee. Lender Bhall.have :the light to J101d:the :policies .and xenew.a1 c.f'rtifi~:1t~~. If Lender xequires. :Borrower Bhall :promptly give· to Lender .a1l.reœipts of:paid J1T~minm~..and IeDewll1 ]lotiœs.1f :Borrower obtains.any fonn of in~.mmœ .coveœge. ]lot otherwise :required by TP.YlnP.T". for .damage to, or n~$1JC1ÏOll of. the Property, .such policy Bhall include .a .stanJ:lm'd mortgage ..c:1auge .and Bhall JlaDleLender ..as mortgagee.and/or .as.an :1i1nitinn:11loss payee. In :the .event of loss. :Borrower .shall give promptnotiœ to:the in~mmc-.e.carrier .and Lender. Lender may make :proof of loBS .if :not made :promptly by :Borrower. Unless Lender .and :Borrower otherwise .agree.in writing,.any in~mm('.e:proceeds. whether or ]lot the 1JI1derlying in~mln~ w.as xequired by Lender. .shall be .applied to IeStoration or :repair of :the Property. .if :the xestorBtÏon or :repair is .economically .ff'.J1~nle .and I.ender·B .BecUrity .is not If>_<:~ffi1f>.( During Buch xepair .and Tp.~trm:ltinn Period. Lender .shall .have the:right to .hOld .such insurance:proceeds untilI.ender .has.had.an opportunity to. inspect.such Property to ensure the work 1lasbeen cnmpl~tPilto Lender's ~:1tid":1~tinn. :provided that .such inspection .shall be lmill'rtl'lln"n :promptly. Lender may .disbur.se :proceeds for the Iepairs .and Xe8tonúion in .a .single J1ayment or in .a.series of progress payments ..as the work .is ~ompleted. Unless.an .agreement .is made in writing or A:pplicab1e Law xequires interest to be:paid on.such:insuœnce proceens.I.ender .shall not be xequired to J>lly :Borrower.any interest or 'f"J1min2~ on .such :proceeds. Fees for :public .adjusters. Dr other :third :parties. xetained by :Borrower Bhall :not be :paid out of:the .:ÍI1~mln~p. :proceeds.and Bhall be :the Bole ohlig:1tinn of :Borrower.1f:the T~~trm:ltinl1 orxepair is ]lot .economically feasib1e or Lender'B.security would beJessened,:the imllT:mc-.e:proceeds.shall be.app1ied to ~.~ DD5'759442I) _~(WY) (DDD5) III f'.a¡¡s B nf 15 m'~~ TDTm :3D51 1/D1 ',:' :,: ~ '.: .....t I . ¿* .....'- ~ ~~:::::::::*:::::*~ ~;:~::::::~;±;1B ¡~:~:::t:~~~:::::i::~ ~:!;:;*;t;:;8;~;;:;:~ ~ ;!.: 0~~~~¡~§!~j~;tt~ :I~'·':¡'L"I:I·.I. .:;~ . "-'. '.I.·.·.·.~.·ò·;~.·.·.·· .---......--.-. ..,'¡!,:,":.. '. . . 0917902 r: f) O· ~'4 . '. U LJ B the .BlllIlScSeCUred by this .security lnstrument. whethe.r or not then due, wkh the ~s, jf JUly, ]1aÏ.d to :Borrower..such in~mmce}Jfoceeds.shall be.appliedj¡¡ the order}JfovidedforinSection2. If:Borrower.abandons the Property,Lender may.:file, negotiate1U1d sett1e.æ1Y .avllilab1e in~mmc.e.claim 1U1d IeJated matters. If :Borrower .does not Iespond within 30 llays. to .a notice from Lender !bat the immrnnc.e, .carrier .has offered to settle.a .claim, then Lender may negotiate lUlLÌ .settle the .claim. The 30-llay -period will begin when the notice is given. lneither event, or if Lender .acquires the Property lIIlder .section .22 or otherwise, :Borrower .hereby .åssigns to Lender (11) :Borrower's Tights to.æ1Y in~T11IT1ce}Jfoœeds j¡¡ .æ1.amonnt not to aœed the.amonnts mIpaid nnder the Note or this .security lnstrument, lUlLÌ (b).æ1Y other of:Borrower's :rights (other:than the Tight to .æ1y Iefnnd of 1UleaIDed }Jfeminms]1aÏ.d by :Borrower) nnder 1ill in~mmp.e policies £overing the Property, .ú1sofar .as .such Tights .are .applicable to the coveæge of the Property. Lender may me the m~mmc.e,}Jfoœeds either to IepaÎr or Iestorethe Property or to pay.amounts .nnp1lÍd nnderthe Note or this.security 1nst:nnnent, whether or not then due. (). Occupancy. :Borrower .shall OCCllpy, est~hli~h, lUlLÌ use the Property .as:Borrower's :prindp~l T~¡:ÏiI~nce within 60 llays lifter the :execution of this .security lnstnnnent .and ..shall ront:inue to occupy the Property .as :Borrower's rTÍnp.ip:¡l I~~iilP.T1ce for .at least one year lifter the 1late of occupancy, :unless Lender otherwise .agrees j¡¡ writing, which t;onsent .shall not be :unreasonably wñhhcld. or unless fflrt~mmtinz rnp.nm~~nces aÌstwhich.are beyond:Borrower's t;ontrol. Î. Prt!ServJition,Maintpmmf'(> .and Protection of the Property; Jnspections. :Borrower.shall not Destroy, .damage or linpair the J>.roperty,.allow the Property to n~tf'TÍnrntp or t;ommit w.asJ:e on the J>.roperty. "Whether or not:Borrower is 'I'esiding j¡¡ the Property, :Borrower .shall m~mt~in theJ>:roperty in order to }Jfevent the Property from iI~tPTÍor~tinz or .decreasing j¡¡ v.a1ue due to its t;nnnitinn. Unless jUs nptPmlinf".( pursuant 10 .section 3thatIepaÎr orIestorationis noteconomica11y ff"JI~ihlp,:Borrower.shall }JfomptlYIepaÎrtheJ>.rOPerty.if .damaged to .avoid further ilPtf'TÍnrntinn or llamage. If ;n~1T~nr.e or t;onc1p1T1Tl~tinn }JfOceeds ..are ]1aÏ.d j¡¡ t;nnnf"r.t1nn with damage to, or the taking of, the Property, :Borrower .shall be Iesponsible for Iepairing or TP~tClT""ÍTll the Property only if Lender .has Icl.eased }Jfoceeds for .such purposes. Lender may .disburse }Jfoceeds for the 'I'epairs .and T~~torntinn in .a .single payment or j¡¡ .a .series of }Jfogress payments .as the work is t;omp1eted. If the m~mmce or t;nnne1T1Tl~tinn }Jfoceeds .are not !mffidP.T1t to IepaÎr or Iestort~ the Property, :Borrower is not IelieVed of:Borrower's ohligi1tinnfor the t;omp1etion of .suchIepaÎr orIe~nrntinn. Lender or .its .agent may make Ieasonab1e fID1ries :upon lUlLÌ inspections . of 1he Property. If it :bas :reasonable aw.se., 1...ender :may inspect the:interior of the improvmlents on the J>.roperty. Lender .shall,give :Borrower notice.at the 1ime of or prior to .such.an:interior inspection .specifying .such Ieasonable l:anSe. 8. .BorroWfi'j¡ Loan Application. :Borrower .shall be in Jiefallitjf,.during the loan .applirJltinn }Jfoœss, :Borrower or .any persons or :entities 1ICting.at the 1lirection of :Borrower or with :Borrower's .knowledge or £onsent £1lve m~tPri~lly false, mi~lf"Jlninz. or ;n~rr.l1T~tp j¡¡fnnn~tinn or ~Mpmpnto;: to lender (or failed 10 ]1I'ov.ide Lender with m~tf'TÍ~l j¡¡fnnn~tinn) in t;onnecrion with the loan. Material Iepre~P.T1tatinn~ inclnde, bnt ..are not Jimited to, repre~P.T1t~ti()ns t;OnCpmmf; :Borrower'~occupancy of the Property .as :Borrower's ]1rinP.ÍpHl TP¡:ÏnP.T1C'.e. 9. Protection of LBUler'.s Interest in :the Property .and Rights Under :this .security .:Jnst::rmnent. If (.a) JJorrower fails toperfOIDl the£ovenants.and.agreements t;ontainedj¡¡ this.security lnstrument, (b) thereis .a 1ega1 }JfOCf'P.ilÏng that might ~ignifip.~ntly .Bffect Lender's .interest j¡¡ :the Property J:U1d/or Tights lIIlder this ..security 1m:tmment (such .as .a }Jfocez-.iling j¡¡ bankruptcy, }Jfobate, for t;mlnP.l11nHtinn or fnrfpitlTT~, for W0T('P.mffllt of .a Jien which may ..attaìn :prim:ity over 1his .security 1n~mmP.T1tor to :enforce Jaws or TegJ1htinn~), or (t;) :Borrower .has ~h~nilnned the Property, then Lender may .do lUlLÌ pay for whatever .is Ieasonable or .appropriate to }Jfotect Lender's interest in the Property .and Tights nnder this .security lnstrument, indnnmg }Jfotecting.and/or .assessing the v.a1ue of the Property,.and securing.and/or rT~iring theJ>.roperty.Lender's.actionsl:3IlEc1ude, bnt.arenotlimitedto: (.a)paying.any.smns ~f"r.J1Ted by.aJien which :~9:' ov..- ~.~&=ity lnstrument, (b) 1Ip]J<ming in :¡;;¡) paying =sonabJe G-5(WY) (ooDS) 1'B\l871)115 TÐrm3D51 1/D1 (I) ,'I '. r" ..' ",'.' ~'\~f:r.;~"", :' ~ ¡. :.,' .- ~ r', :.., <¡ .. , . '.. i i ¡~."·'''''i, ':' . . ...... "",,,'!-",:>" ."'.-' - ,.- . -~',""~;~', .' .:::' ,:c.>,;·,··~,:·:·~.:·:t~f:':I=,:.;.·· '~~,~~."";-"-1r.:'."L",':'~ t.!.¡i"¡W-~':r:"':~·:i:: .-.... ',:.: ::1; ',"I I;,i'.d;·." :Ì"... ~i: ri~' '<~: ~ ~-..I" ,,';;:" !.'¡¡:¡~.;~~.!t'¡""I" 0917902 C00349 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 hàve 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 Insurance, 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 Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due 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 if 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 payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to 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 provided 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 insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk., or reducing losses. Ifsuch 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 termed "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 fo~ ~ortgagt! Insurance, and they will not entitle Borr¡¡¡wer to a y refund. 0057594426 Initials: 4D -6(WV) (0005) Page B 0115 Form 3051 1/01 <II ~",\, ~~ "14-;( ;_.~ .~. t¡C:;\-:; . ...~ \~¡jji:;,;¡tiji~~lil~g ~·"'!.¡_.jl'4:1?"I"'/. tr.J¡"""I'¡,t¡''J..i¡'\ .:-~r.¡H¡W~~Jlli~fE¡ .,.. ·~·~·y"~':·~~:'~~~~Y·:·;(;;¡;'~;;·~;~;;.jLç~~:;t;~.r,:~ ,:';~T~~:¡ :~·:~:?..:e::~~;:: .'::':':'~,:l>Æ~~'. ~ ¿. ,:,:,.:i·,'.~,.; :·..·".:.~.~:u.:;:.~¡:I:.;,' :1:.. : -. :·::~'~~'~~',;:·.íi:r;¡~:-:-:!:!~':-<f~- ;If¡~"~;::->" ¡".:'" .." .,~ . :·;':~¡;.r'i!j!\~~V.i:;~:"· .... " ;".! ", I:'~ '~;"~:"';~:~;~':'. 0917902 ,f" () 0 .~ 5 '..v j 0 (b) A-ny such agreements 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 law. 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. Assignment 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 single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings 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 theparûal 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 Opposiilg Party (as defmed 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 impairment 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 impairment 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 impairment 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 f~~ il), S~Jion 2. 0057594426 G -6(WY) (0005) (!) Paga 9 of 15 ,,,,.,,,J&¡} Form 3051 1/01 , \. ~ /'. .:', " ..\ l~.. ~\ .~; (.~. 'I: ." ... . .";.:.~.~.:.~.~.~.~.:( 4: -:~.~":":. ~,:. ~':.:' ~ <"':9ï~.\ <!>. ,- "M..fL:;'? ~,;;.¡.:::.~.:C.~. . ··,;;,_T::·;.~':;'·~· . ". ",_ ,',: _>;,:,:,~,~,:,~.:':.:.:j~:"~L:I". ~.:' ~': -.:õ{r.:';;_~i~f1J;;;r '~E,..';'fYl"¡;:: ''''~.i!¡''·:~'\'·~:;-'1 ',~, : ·"_~~~'.1':'~oijl~ï~i~:ò'N'¡ ':.~' .;~ .:'L'''' ~,.;: ·"~";:O:ii!-:¡¡;.;'~'~'" . 091.7902 C00351 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 original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts 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 Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security 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 Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security 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 performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under 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 fmally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary. to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted 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 Borrowèr. 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 ftrst 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 under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by ftrst 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 fusttum~t is also =luffed under Applicable Law, the APPlic'};jeqUirement will salisfy the correspondmg reqtirrement under thIS Secunty Instrument. 0057594426 . Initials: G-6(WY)(0005) Pag9'10of15 Form3051 1/01 ~ , .. ¡, ;,;r,'. . ~,. , , $ .'. '~ '~¡::;;~I\i·:t:;¡;~l~!; ~ili~18:i~:~ ~~t:m~:~i~:ti:i::;~ ~i:l~i:.r~~:~!) ~~m~:,:mi~~~!~~~~~~ :;~:;::::::~::~1?I~: .:~: : '~~:~:~:~:~~~:~:f r':·.;...···,,;....·,'~,:-''iIi...i'<T'~~:-'·..;i!'.~!~~!;·M¡§.!P.·f..~~.t-!'-..!t:''::!J,!:;~~,~i;5ri;::}.'!'f·~·:.t'j'¥..~f:t:·_':~·'1:4....:·,#;'~.:r:r\;~~"¡~...:..;!i~.;~;~~~~I..~~.,~".-.;. ~¡~·;·'I¡.;:;:A!~:·¡T-i:¡::,;.~~~,¡n'l~~tH!;O::·^":V\·:~.-":);.;·':-,'.þ?~~;j!~!!".=!r,~'a%':~~!',1.:~;~'~;i;;· .;:..;:¡;~:'~t:w::~.:~~,.-. 0917902 r n 0 .~. 52 \.... li .J 16. Governing Law; Severability; Rules of Construction. This SecuritY Iristrument 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. As 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, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in 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 permitted by this Security Instrument without further notice or demand on Borrower. 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 termination of Borrower's right to reinstate; or (c) entry of a 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 is 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 paY"lÇßß shoÜ1d be made and any other information RESP A requires in connection with a '"'".,.~ 0057594426 C -6(WY) (0005) c» ..'~, Page 11 of 15 Form 3051 1/01 ; \ , . I", (-'<, : ....j t>~ ~ ,.. ;q·o"~o,:~o'~:,":·: -,"«>",:,0";' ":" "",'o,,:,.i>",,~I~'þ~(t::o;:'ilF~~f:.~·<,~~"~o'o,~,.~}:~~;,..~1~:~-I:oi:.'~o.:t,~:~~:;o,,~:;:~.:,:o,_.:;;.-..~p~¡::~~~~.\:t:tJ,.~..:):.~(,;.:" .'." "":",: ::'~;:~J'¡'lêt.:t~"'mii.KP.r'.\"Œo'/Tjj(;'¡"~:~~~~;-1:o:o:' c,o:):';~;:¡;;)ìJ~\;!ffi~)ti.!~\t~-\t'~".;'S0"f!~"~o;:<ì"~ ,....:~-;i':r¡i.r.o!i!',~. 09~7902 000353 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 unless 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 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 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 Applicabl~ 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 provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defmed 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, arid 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 pennit 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 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 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 nonnal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any 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 learns, 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. 0057594426 .. -6(WV) (0005) <II Page 12 of 15 '"",.,,1JJi Form 3051 1/01 .."~- ", I'Î \ '"~, ....., ~ N,:,:·:·:·:,~:i1:':~ ~~::;::::~::;~-:mtlt;J ~~*:t!f:~:::I::~~; ~H;n:~;:¿:!.::~:!: ~;1 .;. ;r,I~'.:':¡';¡Ji";.·._"~ -, . :?,,~, :~:' '«(~;~;':.I..:~:':.: ,~~ i~ '''!,f~l;·~<:';, :,'J·'.s~,:t:ç;~!,;;_, ~ . ",', ',:,'..' ",',~,;,:.~.:ò:~':"Z.;,:.:,·, .' :' A..,~:.\'Itt,:.I.;?''';;':t~" ".s,;>,,· ,; .'1i'P;1~'tf~';';· :>t;!:b',.r~."::" .",:: '"I', ;:~~Il\~: "j!-f);¡ Jr:a;o,'~j'¡"!;" ¡!~~'t:.'.i" ";'~'~i;,'!:: q~J.-.~:.:ljI~':i¥:.¡"li". " _;: ._~" . 091790Z 000354 NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or. agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument 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 person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall" release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is pennitted under Applicable Law. 24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. 0057594426 cD -6(WY) (0005) CI> Page 13 of 15 '"'''-,,~ Form 3051 1/01 ..~ ~- t:,. '~':;~¡:?I!I:"'; :~~, :I;ï t:\:-f;I:.:¡~'''~:; ;.;'J;'J;;:1I.i;!d1 mti,":": ';".:'; ,__ :,"'.' '~'. L.::.!:-'<-:.: ;-~:~t;:i:~.o.: 0;.':'- ',';!.~~~I~~~"~o!'.;!. ~. 1;-';:I:~'1'!',t.'WI~":·.!~':Ft;:I;'·~;?I::."·:: ;';1' .~, ., . .; ; '; -!·~·'.·IM;;~.'1·;~'::I:I;i;;:~:~;ii;¡¡m)¡. ~;:';.'_.: ":1~ ";!.~.:I;:,r,.:.;.:o.:;._ .:.; 0917902 (~ 0 0 ,", 5. 5 '-, ~ .J BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Witnesses: (Seal) -Borrower (Seal) -Borrower (Seal) (Seal) -Borrower -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) (Séa1) -Borrower -Borrower -"; ...~ - 0057594426 e-6(WY) (0005) <!) page',14 of 15 Form 3051 1/01 . '....... B~:*!::·~(.:::::~ . f.. .,1' ::... .~ :it~·~~~O:.I"':¡;:''':~\i'<a;I~I:;~.t·~¡¡:·iI'p.Í'~..:.~tf'i.i..YI5?i~f:::''.'.~''::::;.'1~.,·i'~;~:,j\'~\;·.:.'f~'r.'4¥~'::, :~i~lIm~mI:: ''I '., . :,~. ~,~' Y.~::.:t:~':c)!':I;t:i::,· .;.; ·~tlt''''·¡':''~~3'",",.:·:t.~·:¡r')...J'\-~~'Í'':.'f·-.:·~.·!:·.·; . . ',.;.':',·,":·:1'-';'l.Î"l¡C';;o.;~;',',..:-,· ·f" .17:"..- :...¡:.:.:.:....i.¡~:.~"i- 09\~~þ~ Q.f c.'(Å.\\~o~n~ at STATEOF~ California t'\~ r~:eJ C00356 ~ Merced County ss: ~ dlffd ~h ""' " The foregoing instrument was acknowledged before me this d d, by ANNE MARIE WHITEHURST My Commis.wn Explles: '\J ~ ~ """ "",.. ;).1-, ,¡..<\ . ~ N~~ ~ -"; 0057594426 C -6(WY) (0005) @ Page150f15 Form 3051 1/01 ,.,' .':-trtF'·'· .."", -'".-.. ;.'. ,..,~·¡;1i¡~i"lï~.r.ço:¡ti'A·~!i'~,~:tt.r~~,¡.,,~~~,"'~fo'1$'."''''~~.;';· ,~, '·'··,'·HI.t':··;..,.~,¡:,r-ji~:¡,¡...~:.~.¡t..ì"''''¡.~*· ,-;,','!';',' ..-l~"~'J!f..~~~"~l,~mJOi!~~':'" ':,~\" it-"';.:"":'ii!'i'.!m,'NI!"~'ii'i:','';;,1'iJ!'"':,''-:'.¡~.....".~~....;;;~(.,,: :,. 091790Z C00357 TO BE RECORDED WITH THE SECURITY INSTRUMENT LENDER: FIRST HORIZON HOME LOAN CORPORATION 0057594426 BORROWER: ANNE MARIE WHITEHURST PROPERTY: NNA WILLOW CREEK DRIVE ALPINE, Wyoming 83128 RESIDENTIAL CONSTRUCTION LOAN RIDER INCLUDING SECURITY AGREEMENT TO THE DEED OF TRUSfIMORTGAGE THIS RESIDENTIAL CONSTRUCTION LOAN RIDER shall be deemed to amend and supplement the Deed of Trust/Mortgage (the "Security Instrument"), of the same date given by the undersigned (the ~'Borrower") to secure Borrower's Note ("Note") and Addendum to Note to Lender of the same date and covering the property ("Property") described in the Security Instrument. All tenns defined. in the Note and elsewhere in the Security Instrument shall have the same meaning in this Rider. AMENDED AND ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: 1. Residential Construction Loan Agreement. Borrower agrees to comply with the covenants and conditions of the Residential Construction Loan Agreement ("Loan Agreement") between Borrower and Lender, which is incorporated herein by this reference and made a part of this Security Instrument. The Loan Agreement provides for the construction of certain Improvements ("Improvements") on the Property. All advances made by Lender pursuant to the Loan Agreement shall be an indebtedness of Borrower secured by this Security Instrument as amended and such advances may be obligatory under the tenns of the Loan Agreement. The Security Instrument secures the payment of all sums and the performance of all covenants required by the Lender in the Loan Agreement. Upon the failure of Borrower to keep and perform all the covenants, conditions and agreements of the Loan Agreement, the principal sum and all interest and other charges provided for in the loan documents and secured hereby shall, at the option of the Lender, become due and payable. 2. Construction Loan Deed of TrustlMortgage. This Security Instrument is a "construction mortgage" securing an obligation incurred for the construction of the Improvement on the Property including the acquisition cost of the Property, if any, and any notes issued in extension, renewal, or substitution thereof. Borrower affinns, acknowledges and warrants that prior to the recordation of this RCLA Rider to Security Instrument Page 1 of 5 812003 FH6D16X ..~ -'- ;;';I:j:¡ll;:f:,:,~,:.'ì ~~tl~rill!;:ß):~; JMI ~;~i~i~;m~m;.~~¡,¡~~;{¡ ".' ~ ,;i,';I;ti!jf;:~¡I¡~;¡l_ ',! >'·I"i·IC···;;',,;·ii;c;~-;'':::D';~~'íi:; T;rJff:'i-. j.', '-!t..' . ',;, ':,.:. TL'.,:0a:L."It';;;.:;'. '_ ,',',' ,:" -1::r:i):f.';·:·;~N,'.j· .' . . ,-~ ·.~;~J-;.~~:"'··".I,>i~~~~,:.."'..à:->~·~;¡t~~.~\~:.<::'.'~ :'>. "'f H'J¡¡~:~i;.i!~ì·;·i"~.';:;~:'¡;\'i:-¡;·:~i·,··¡!:,'l~!;::~tfl~i!¡~·',,'.·",' 091.7902 000358 Security Instrument, as amended, in the Real Property Records of the county or counties where the Property is located, no Improvements contemplated by the Loan Agreement have been constructed, no work has been performed, and no materials have been ordered or delivered. 3. Future Advances. This Security Instrument shall secure in addition to the sum evidenced by the Note all funds hereafter advanced by Lender to or for the benefit of Borrower, as contained in the Contract and/or due under the Loan Agreement and all indebtedness or obligations presently or hereafter owed by Borrower to Lender, however arising, whether by note, contract, tort, guaranty, operation of law or otherwise; whether or not the advances or events creating such debts or obligations are presently foreseen; and regardless of the class of debts or other obligations, be they secured or unsecured or arising from commercial, credit card or consumer transactions; or for any other purpose. All future advances shall be made within the time limit authorized by the laws of the State of Wyoming 4. Disbursements to Protect Security. All sums disbursed by Lender prior to completion of the Improvements to protect the security of this Security Instrument, up to the principal amount of the Note and any future advances, shall be treated as disbursements pursuant to the Loan Agreement. All such sums shall bear interest from the date of disbursement at the rate stated in the Note and the Addendum to the Note, unless the collection from Borrower of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate which may be collected from Borrower under applicable law and shall be payable upon notice from Lender to Borrower requesting payment therefore. 5. Assignment of Rights or Claims. From time to lime as Lender deems necessary to protect Lender's interest, Borrower shall, upon request of Lender, execute, acknowledge before a notary, and deliver to Lender, assignments of any and all rights or claims which relate to the construction on the Property. 6. Breach by Borrower. In case of breach by Borrower of the covenants and conditions of the Loan Agreement, Lender, at Lender's option, with or without entry upon the Property, (a) may invoke any of the rights or remedies provided in the Loan Agreement, or (b) may accelerate the sums secured by this Security Instrument and invoke any of those remedies provided for in this Security Instrument, or (c) may do both although failure to exercise any of its rights and remedies at anyone time does not constitute a waiver or modification of any conditions, rights or remedies in the future. 7. Amortization and Loan Agreement. After the commencement of amortization of the Note, the terms of the Loan Agreement shall be deemed to have been satisfied. There shall be no claim or defense arising out of ör in connection with the Loan Agreement against the obligations of the Note and this Security Instrument. 8. Property. The property covered by this Security Instrument includes the property described or referred to in this Security Instrument, together with the following, all of which are referred to as the "Property". The portion of the Property described below which constitutes real property is sometimes referred to as the "Real Property". The portion of the Property which constitutes personal property is sometimes referred to as the "Personal Property II , listed as follows: Any and all buildings, Improvements (provided in the Loan Agreement or otherwise), and tenements now or her~fter erected on the Property; any and all heretofore and hereafter vacated alleys 0057594426 .. RCLA Rider to Security Instrument Page 2 of 5 812003 FH6D16Y );ý ,........4.!..·..~"'1!.·.'.·(',7':~"·,·".·1.."'·.',' '·t.~:i'~:·;..;·~Wn'.. .,,'-:.....~....! '';'''..' ..." "~":""";"~~".. , "'.. .",'.',...'.';:-"4',"~,'.¥"1!4"'~~';:1 '," ~''';.'';.'.l'I"w¡.''I'\i~'t.::,~:p~~, ¡~I':"~':I:":;W~;o;~,··-",..' " 'I'" , '" '. \·~·':':-·;!<~'~"r·:,.t;¡;J 'J..;~' . ...., -.'¡".:'¡:,.~.:.;,~¡ . C00359 091790Z and streets abutting the Property, easements, rights, appurtenances, rents (subject however to any assignment of rents to Lender), leases, royalties, mineral, oil and gas rights and profits, water, water rights and water stock appurtenant to the Property (to the extent they are included in Borrower's fee simple title); any and all fixtures, machinery, equipment, building materials, appliances, and goods of every nature whatsoever now or hereafter located in, or on, or used, or intended to be used in connection with the Property and all replacements and accessions of them, including, but not limited to, the following items, which are hereby recognized by the parties to this instrument as fixtures: appliances for the purpose of supplying or distributing heating, cooling, electricity, gas, water, air and light; security and access control apparatus; plumbing and plumbing fixtures; refrigerating, cooking and laundry. equipment; carpet, floor coverings and interior and exterior window treatments; furniture and cabinets; interior and exterior sprinkler plant and lawn maintenance equipment; fire prevention and extinguishing apparatus and equipment, water tanks, swimming pool, compressor, vacuum cleaning system, disposal, dishwasher, range, and oven, any shrubbery and landscaping; any and all plans and specifications for development of or construction of Improvements upon the Property; any and all contracts and subcontracts relating to the Property; any and all accounts, contract rights, instruments, documents, general intangibles, and chattel paper arising from or by virtue of any transactions related to the Property; any and all pennits, licenses, franchises, certifications, and other rights and privileges obtained in connection with the Property; any and all products and proceeds arising from or by virtue of the sale, lease, or other disposition of any of the Property; any and all proceeds payable or to be payable under each policy of insurance relating to the Property; any and all proceeds arising from the taking of all or part of the Property for any public or quasi-public use under any law, c>r by right of eminent domain, or by private or other purchase in lieu thereof; all building pennits, certificates of occupancy, certificates of compliance, any right to use utilities of any kind including water, sewage, drainage and any other utility rights, however arising whether private or public, present or future, including any reservation, pennit, letter, certificate, license, order, contract or otherwise and any other pennit, letter, certificate, license, order, cc>ntract or other document or approval received from or issued by any governmental entity, quasi-governmental entity common carrier, or public utility in any way relating to any part of the Property or the Improvements, fixtures and equipment thereon; all other interests of every kind and character which Borrower now has or at any time hereafter acquires in and to the Property, including all other items of property and rights described elsewhere in this Security Instrument. 9. Security Instrument. This Security Instrument shall be a security agreement granting Lender a first and prior security interest in all of Borrower's right, title and interest in, to and under the Personal Property, under and within the meaning of applicable statues of this state, located on or acquired for installation on or used in the operation of the real property, including, but not limited to, all construction materials, goods, equipment and fixtures, and all accessions, additions and replacements thereof. As well as a mortgage granting a lien upon and against the Real Property. In the event of any foreclosure sale all of the Real and Personal Property may, at the option of Lender, be sold as a whole or in any part. It shall not be necessary to have present at the place of such sale the Personal Property or any part thereof. Lender shall have all the rights, remedies and recourses with respect to the Personal Property afforded to a "Secured Party" by the applicable statutes of this state in addition to and not in limitation of the other rights and recourse afforded Lender under this Security Instrument. Borrower shall, upon demand, pay to Lender the amount of any and all expenses, including the fees and disbursements of Lender's legal counsel and of any experts and agents which Lender may incur in connection with: (i) the making and/or administration of this Security Instrument; (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon any property, real and/or personal, d~seribe(Hn this Security Instrument, (iii) the exercise or enforcement of any of 0057594426 ~ . RCLA Rider to Security Instrument Page 3 of 5 8/2003 FH6D16Z »I r~¡'¡:l ~~:1:~'__ t .. :!i1'; .,·,·f!,·.t:.i'I"."'I~'\ "'~~~'!.i!â ~r~ !~;~1if..§~:t:~ ~!m~~?~iíilj '!'l:.r:'.-t.."I.:") -':'_'_·"':'¿'~~;?'·:-·¡;J;~~·~~.J'i'1fœIj:-¿~..n----ø.~~~~.'..-n,*.~~~,'fo'::~2n.~:;;~.7~'_'~ ;;·:"':9-A5~.t:i;~i~..~f~;f"JMtJ!¡~t,¡j~:-;,·,:~, -~~w"c::.\ :\·,"-;r,~·'¡'~~~M~~~:a:m¡~{ii,;":'\1..!t,· '1"' ';;·..·SI~¡~I:i':~1a~j,9.i:li''-~r:';~.·_r~..;~;.:,,·~ f:'.':~:':j.1:'~~~~~I[""'~A;' co O'~"60 .. ù 091.7902 the rights of Lender under this Security Instrument; or (iv) the failure by Borrower to perform or observe any of the provisions or covenants in this Security Instrument. 10. Completion. Lender shall not be responsible for the completion of the Improvements, and shall not in any way be considered a guarantor or surety of performance by Borrower. In the event the Improvements are not completed according to the Plans and Specifications approved by Lender, and it is determined for whatever reason the Lender does not have a lien arising by or through Borrower, then Lender shall have a valid lien for its loan amount, less the amount reasonably necessary to complete the Improvements, or in such event Lender, at its option, shall have the right to complete the Improvements, and the lien shall be valid for the loan amount. Paragraph 6 of the Security Instrument. The first sentence of paragraph 6 of the Security Instrument is hereby modified to read as follows: Borrower shall occupy, establish and use the Property as Borrower's principal residence within sixty (60) days from the execution of the Modification Agreement and shall continue to occupy the Property as Borrower's principal residence for at least one (l)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. All other provisions in Paragraph 6 of the Security Instrument remain unchanged. 11. Invalid Provisions. If any provision of this Security Instrument is declared invalid, illegal, or unenforceable by a court of competent jurisdiction, then such invalid, illegal or unenforceable provision shall be severed from this Security Instrument and the remainder enforced as if such invalid, illegal or unenforceable provision is not a part of this Security Instrument. 12. Address. The name and address of the BorrowerlDebtor during construction of the Improvements is: ANNE MARIE WHITEHURST 710 JEFrERSON AVENUE LOS BANOS, California 93635 The name and address of the Lender/Secured Party is: FIRST HORIZON HOME LOAN CORPORATION 1315 SOUTH HIGHWAY 89, SUITE 101 JACKSON, WY 83001 13. Other Provisions. The following notice is required by law: IMPORTANT NOTICE: YOU ARE HEREBY NOTIFIED THAT ANY PERSON PERFORMING LABOR ON YOUR PROPERTY OR FURNISHING MATERIALS FOR THE CONSTRUCTION, REPAIR, OR IMPROVEMENT OF YOUR PROPERTY WILL BE ENTITLED TO A LIEN AGAINST YOUR PROPERTY IF HE IS NOT PAID IN FULL, EVEN THOUGH YOU MAY HAVE PAID THE FULL CONTRACT PRICE TO YOUR CONTRACTOR. TIllS COULD RESULT IN YOUR PAYING FOR LABOR AND MATERIALS TWICE. TIllS LIEN CAN BE ENFORCED BY THE SALE OF YOUR PROPERTY. TO AVOID TIllS RESULT, YOU MAY DEMAND FROM YOUR CONTRACTOR LIEN WAIVERS FROM ALL PERSONS PERFORMING LABOR OR FURNISHING MATERIALS FOR THE WORK ON YOUR PROPERTY. YOU MAY WITHHOLD PAYMENT TO THE CONTRACTOR IN THE AMOUNT OF ANY UNPAID CLAIMS FOR LABOR 0057594426 RCLA Rider to Security Instrument ::- .~ Page 4 of 5 8/2003 FH6D 17 A 4W . 'i':li'i'¡~;':;'I' '.. ':",;,".' _n. .! .. ~~ . . , . ~.: .:.:. :_:1:,:,:,;,;" . _ . ... r:'·-;~. .:-....'.~~" '. - :'i~!i.''- ,..,' ~r:~:., -:.,-'. .. .~. . ,.:;,,·.:"::;t~:~:I';¡'Î"I':'..;'" 091.7902 (' ()^ 1', 61 \. \.r U ~ FOR MATERIALS. YOU ALSO HAVE THE RIGHT TO DEMAND FROM YOUR CONTRACTOR A COMPLETE LIST OF ALL LABORERS AND MATERIAL SUPPLIERS UNDER YOUR CONTRACT, AND THE RIGHT TO DETERMINE FROM THEM IF THEY HAVE BEEN PAID FOR LABOR PERFORMED AND MATERIALS FURNISHED. By signing below ,Borrower accepts and agrees to the terms and covenants contained in this Residential Construction Loan Rider. ~ITEHURST Borrower Borrower Borrower Acknowledgments Attached '-·--·-------------p¡ëase-ättãëiltlïëApp'~õpriãte-'CourÏtyïS'tãte'Speèific Ñõtãfy ÃëkIÏõwïëdg~ent------'-"---'-- 0057594426 RCLA Rider to Security Instrument .....""'" - . Page 5 of 5 812003 FH6D 17B ·I·iji..li.;¡~¡;/._.¡,'(¿)J! '.:¡ :::~:~lt::¡t~1K;1;~'\it . '''.~.1.~¡:o:...\.J::tl# :~;~j;¡~~¡;~¡~~m~¡f .- ....., ........................_..-.,.....~.............-__..............--,..,'....-...."..."'-"'".. :;;...-'.........~.._...'. .' '.'-'.'-' .. ,................---...... 091.7902 STATE OF Ct:t\··\c>C'r'\iG:t COUNTY OF ~€-~(..ó. This instrument was acknowledged before me by On this 'J...~ day of Apr-; \ Seal ~ MICHAEL RUllO CommIIIIOn II 162M46 NaIarY N:IIiC- caIfomIG . JJIefCed CN1tV ~....._aa. ... ....:-- -- -~---"-""""""'''''. "". ,-, ,........,.. ..-....... ~'f"(\e ~r\e. W'r\~-\-~~vr~{- . -:ø.200lP~ ~~~ Notary Iii; ==--r ''''.....,.....".,...'''..,...,...."....,.,.. C00362