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Home My WebLink About917991 3~ '~0"'565 After Recording Return To: COUNTRYWIDE ROME :LOANS, :INC. .MS SV-79 DOCUMENT :PROCESS:ING :P.O.Box :1 0423 v~ NUY,5, CA 9],4],0-0423 'Prep.ared By: :LJ:NDA R. EALL ISpaceÅbove "ThisLiDe"For B~nn1i'1gData] :PARKER 000:13602944504006 [Doc ,ID ci ] ~crow/Closing ~J MORTGAGE ~:1000:157-000666997D-9 RECEIVED 312L2DD6 -at 11 :43 AM RECEIVJNG:# 917991 BOOK: 618 PAGE: ~65 JEANNE WAGNER LINCOLN COUNTY ClERK, KEMMERER, WY -DEEIN1TIONS '----,-, ____u____________ __. _ Words 11Sed.in TI1111rip1e seclions of Jhis .document lire 1Iefined below .and other words Me d~fined .in ,Sections 3, ]1, 13, 18,20 .and 21. CertainI1],fus -regarding the mage of words 1l8ed.in this dOCUIIleIltJireJÙSO provided in 'section 16. (A) "Security J:nstrmnent" .means this dqcument. which is d.ated -APRIL 27, 2006 with 1Ù1 Riders to this noc1IIIleIlt. (B) "BoITower" is 1ITEV.E J:ÆE :PARKER, AND cMARY :JO :PARKER, 1iIJ5BAND AND WIFE , together ~ '...- o ~orrower .is :the mrn:tgagorunder this ,security 1:nstrnment. (C) ''MERS'' is Mortgage ElecJronicRegistration Sysœms, Jnc. MERS .is a -Separate rorpomtion that is acting solely as a Dominee for Lender .and Lender's BUCCCSSors .and assigns. MERS is the mortgagee murer ibis .security Instrmnent. MERS is organized.and ~'Xlsting under the Jaws of De1awMe, .and has lUladdress .and :telephone DlIDlber ofP.D. Box2026, Flint, MI 48501-2026, tel. (888) 679-MERS. (D) "Lender" is ~CA '13 WBnT:F.~Aì';F, :LENDER Lender.is a CORPDBA:t'IDN or,ganized.andmstinglllUler:theJaws of NEW 'YORK Lmder'.s addressis ~500 :Pnrk Gnrnada:MSN4t BVB-3]'4, Cnliibasas, CA 9:1302-:16],3 (E) "Note".means:the J>Iomissory Dote signed by :Borrower.and.dated -APRIL 27, 200£ . 'The Note states that:Borrower owesLender 'TWO liUNDRED :TW.ELVE :rnOUBAND iilld 00/:1 0 0 Dollars (0,.5.$ 21.2, 000.00 ) pIns interest. ~orrower has promised to pay this 1iebt.in-regular JJeriodic:Fayments .and topay :the .debt.in full Dot later 1hau :JDNE m, 2036 (F) ''Property'' means :the property that is .described below under the hp.ßiling "Trnm:fe:T of Rights in the J>roperty. " WYOMING-Slngls F-amJ1y:r.BnnJeIlae1Fœddle Mac .uNIFDHM JNS1RUMENT WInf MERS Page1Df11 ~ -âA(WY) (OOOS) aiL (D81D5)(d) VMP Mortgage Solutù:m$, Joe, (BOO)521-7291 r;ONVNA TDnn3D51 11D1 III~I ",-.- ... ' ;' it.: IIIIIIIIIIIIIII~ ~13ßD2Ð44~DDDDD2DDßA· ~ 2 3 Ð Ð 1~ rl\f '\~ ~}-;;:~~-:-,¡~iJ!'~;;t~t1;~ . , ,:f;,V"~(¡~''';,...,'¡ ." . l¡;~j~~~}G!~lill . !¡¡ ·;:~mi :; ;¡i~im;~;~j;~~¡!~~!:1 091.7991 C00566 DOC ID~: DDDl3602944504006 (G) "Loan" :means the rlebt~videnced by the Note,,plus interest, MY :prepayment rllarges lI1ld late cl1arges 1hre under the Note, 1U1d 1Ùl sums rlue under this Security Instrument,:plus interest. (H) "Biders" means 1Ùl Riders to this Security 1nst:rument that Me ~uted by -Borrower. The following Riders Me to be ~uted by -Borrower Lebeck box,as 3pplicable]: D Adjustable Rate Rider D Condnmini11m Rider DSecondRomeRider D Balloon Rider D Planned U1lÍtDevelopment'Rider D 1-4 FamilyRider D VA Rider D :Biweekly P3yment'Rider ill Other(s) I~ecify] o (I) "Applicable Law" :means 1Ùl rontrolling l1pplicable federal, -State 1U1d local statutes, IegU1ations, orctimm~s 1U1d Jidministrative IUles Md or1iers (that have the ~ffuct of law) ,as wel1,as 1Ùl3pplicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, .and ÅSSP.lim'lf'nts" means 1Ùl1hres, fees, ,assessments 1IIld other cl1argesthat Me imposed on Borrower or the Pmperty by 31:ondnmininm ,association, homeowners ,association or similar organization. . (K) "Electronic Funds Transfer" means MY transfer of funds, other than 3 transaction orizjmlted by cl1eck, rlraft, orBimilar :paper instrument, which is initiated :throngh M *ctronic renninRl, telephonic:instrument, 1:omputer, or magnetic tape so ,as to order, IDstruct, or 1UI1horize 3 iinRnÑ!\l mstitution to debit or credit M liC1:0unt. B:w;h tenn indnðes, but is not limited to, point-of-sale transfers,lW1omated teller in:!~hine :trnnsactions, transfers initi:!tt".ð by telephone, w.ire t:œnsfers, and automated dt".:!TÍnghouse transfers. (L) "Escrow Items" means those items that Me rlescribed:in Section 3. (M) "Miscellaneousftoceeds" means MY rompensation, settl~m~Tlt. 3ward of rlamages,orproceeds:paid by MY third party (other than IDsurnnce proceeds paid under the rovernges rlescribed m Bection 5) for: (i) 1iamage to, or rles1rlI1:tion of, the Property; (ii) 1:nnctfflTlTl:!tion or other taking. of -all or MY part of the Property; (ill) 1:onveyæœm lieu of 1:onct~mn:!tion; or (iv) misrqJres~Tlt:!tinTlS of, or omissions ,as to, the vaIue .and/or condition of the Property. . (N) "Mortgage .InsurJU1Ce" :means IDsuœnce protecting Lender Jigainst the nonpayment of, or 1iefault on, the Loan. (0) 'TeriodicP,ayment" means the Iegularly schectnll':ct IDIlOunt rlue for (i) :principal 1IIldinterest under the Note,,plus (ii) MY JUUounts under Bection 3 of this Security Jnstmment. (P) ''RESPA'' .means the :Real :Estate Settlement Procedures ht (12 U.S.C. Bection 2601 ~t &eg.) 1U1d its im'pl~m=ting regulation, Regulation X (24 c.FR. PM! 3500),,as they might be :!ml':Tlded from time to time,or MY :!ctctitinTl:!l or BDœessor legi!:1:JtinTl or Iegulation that governs the .same subject:matter. As llSed m this .security 1nstrument, "RESPA" .:refers to 1Ùl Ieqnlr~meflts 1U1d .restrictions that Me imposed m xegard .103 ''federally Ielaterlmortgage loan" ~ven jf.the Loan rloes :not,gualify .as 3 "federally Ielated mortgage loan" under RESPA. (Q) "Bnccessodn1nterest of Borrower" means MY party that lIas .taken title to the :Property, whether or 110t that party has,assumedBorrowcr's obligations 1lIlder the Note lUldIor this Becurity Jnstrument. "TRANSF.ER ·OFIDGHTS IN'TBEPROPERTY This Becurity Jnstmment secures to Lender: (i) the Iepayment of the Loan, 1U1d 1Ùl IeJiew1ÙS, atensions 1IIld modifications of the Note; mul (ii) theperfonnance of -Borrower's 1:OVenants ·lI1ld3gl'eemCnts under this Security Instrument mul the Note. For this pU1]>ose, -Borrower rloes .hereby mortgage, granlllIld 1:onvey .10 MERS (solely ,as nominee for Lender 1U1dLender's successors 1U1d .assigns) 1U1d to the successors 1U1d,assigns of MERS, with power of sale, the following rlescribed :property located:in the COUNI'Y of :LINCOLN '[Type of:RecnrilÍ1¡gJnriorlir.tinn] IName of:Recnriling Jurisdiction] ::LOT 6 DF ,MOOSE l'1ANDR BUBDIVIBION, :LINCOLN COUNI'Y, "WYOMING .AS :DEBCRIBED ON ::rm: OFFICIAL :FLEl' FILED ON OCTOBER ],7, 1995 AS INSTRUMEN:r ED. BlD04D DF :THE RECDRDB OF :THE LINCOLN COUNTY CLERIC :FMcel ID Number: which currently lIas the Mdressof :210 -MOOSE NANDR I.ANE, AFTON {Street/City] Wyoming B3ll 0 }Zip Code] ("Property Address"): '" ..... -r _-... --' ~ ~A(WY) (0005) CHL (DSIIJ5) :P.age2 of 11 FDnn 3051 11D1 mf ~ ,.- 091.7991. CO[567 DOC ID ~: DOO~3602944304006 TOü::bTIiliR WITH 1ill :the llnprovements now or l1ereafter :erected on :the :property, .and Jill eß!:~m~t'!, JippurteIUlIlCeS, and fixtures now or hereafter llpart of the :property. All Ieplacements and lldditions shall-1ÙSO be covered by this "security lnstrument. All of the foregoing is Ieferred to in this "security 1nstrument lIS· the "Property." :Borrower understands and 1lgI'ees that MERS holds only legal title to the interests granted by :Borrower m this "security lnstrument,bnt, if :necessary to comply with law or custom, MERS (lIS nominee for lender .and 1..eru:ler's successors .and .assigns) has :the :right: to ~x~rr.i!O:e.any or Jill of those interests, ;ndmiing, but not limited to, :the :right to foreclose.and sell the ~IOperty; .and to :take MY ,action required of lender ;ndncling, butnotlimited to, Icleasing and canceling this "security 1nst:rwnent. :BORROWER COVENANT"S that :Borrowcr is lawfully seised of:the estate hereby conveyed andl1as :the :right to mortgage, ,grn:nt and convey the Property and that the Property is DIleIlCumbered, :except for encumbrances of :record. :Borrower W1l11"ants·.and will· defend geneuilly the title to :the Property ,against Jill claims and cI~ßncl!O:, subject to MY :encumbrances of :record. THIS BECURITY JNSTRUMENT combines unÏfonn covenants for :natiOIUÙ use.and non-unifonn covenants with limited væ:iations by jurisdiction to com:titntr. Ji :nnîfonn security instrument covcring :real :property. TINIFORM COVENANT"S. :Borrowcr and:I...endcr covcruurt.and 1lgI'ee lIS follows: 1.PJiyment ofPrinripal, Interest, Escrow1tems, Prepayment Charges,.andLate Charges.:Borrowcr shall pay when due the :principal of, and interest on, the debt evirl~nced by the Note .and My:prepayment charges 1lIld late charges 1iue under the Note. :Borrower shall1ÙSO pay funds for Escrow 1temspursuant to "section 3. ~llyments due under the Note and this "security Jnstrument shall be made m U.s. currency. 'However, jf MY check or other instrument Ieceived by Lender liS payment under the Note or this "security lnstmment is returned to Lender unpaid, .Lender may Iequire that MY or Jill subsequent pllyments due 1.II1der the Note and this "security lnstrument be made in one or more of the following forms,.as selected by Lender: (a) C1iSh; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, :provided MY such check is rlrawn upon M institution whose deposits Me insured by Ji federal ,agency, instrumentality, or :entity; or (d):E1ectronic J<unds Tnmsfer. ~llyments Me deemed Ieceived by lender when :received Jit the location del:1znßtf"Ji in the Note or ,at such other location lIS may be designated by Lender m ,accordance with :the notice :provisions m "section 15. Lender may return MY payment or partial.payment if the payment or ,partial payments Me insnffir.i~nt to bring the Loan current. Lender may ,accept .any payment or partial payment insnffir.i~nt to bring the Loan current, without w1lÌver of .any :rights l1erennder or :prejudice to its .rights to i:efuse such payment or partial payments in the :future, but Lender is not obligated to llpply such payments ,at the time such payments Me 1lCCepted.1f ,each ,periodic Pllyment is applied liS of its schedUled due date,1hen Lender :need not pay interest on DI1app1ied funds. Lender n1ay hold suchll1U!J'Plied funds until :Borrower .makes payment to bring the Loan current. 1f :Borrower does not DO so within JiIeasonable period of time, Lender shall either JijJply such:funds or Ieturn them to :Borrowcr.]f not JijJplied earlier, such funds will be applied to the outstanding principal balance under the Note .immediatcly :prior to foreclosure. No offset or claim which :Borrower :might have now or:in the future ,against Lender BhallIelieve~orrow,er from making payments due under:the Note.and this "security 1nstmment or performing the covenants .andß~m~ts secured by this "security Tn~tmm~nt. 2. Appli,.Rnon ofPJtyments or Proceeds. Except liS otherwise described m this "Section2, 1ill'payments "accepted.and llpplied by Lender shall be JijJplied m the following order of :priority: (a) :interest 1iue under the Note; (b) :principal1iue under the Note; (c) .amounts 1iue under .section 3."such payments shall be JijJplied to :each ~eriodic ~Jiyment:in the order in which it became due. Any -remßlninz .amounts shall be 11pplied fust to late charges, second to.any other .amounts due under this "security 1nstrument, .and .then to Ieduce the :principal balance of:theNote. 1f Lender Ieceives llpayment J'rom ~orrowcrfor Ji delinquent ~eriodic ~Jiyment which :includes Ji sufficient .amount to 'pay .any late charge Due, the payment may be Jipplied to the Delinquent payment and the late rlIarge. 1f more than one Periodic .Pllyment is out¡¡tßncling, Lender may .apply .any payment Ieceived from :Borrower to :the Iepayment of:the ~eriodic PJiyments if, .and to the extent :that, :each ]>1lyment ~ be paid:in full. To :the extent that .any excess ~xists 1IÍter the payment is Jipplied to :the full payment of one or more .Periodic .Pllyments, such excess may be JijJplied to MY late rlIarges 1iue. Vo1unta:ry :prepayments shall be Jippliedfust to MY :prepayment charges Jmd then.as descñbed:in the Note. Any Jipplil'.ßtion of payments, insurance :proceeds, or Misc~11ßnf",()us'Proceeds to:principa11iue under the Note shall not extend or postpone the due 1late, or clumge the.amount, of the~modic ~llyments. 3.Fmuls for Escrow 1tems. ~orrower shall pay to lender on:the day ~modic ~.ayments Me 1iueunder the Note, until the Note is paid:in full, .a sum (:the "Funds") to :provide for payment of .amounts 1iue for: (a) taxes and .assessments .and other items which ~ Attain :priority over this "security In!O:tnrrn~nt .as Ji lien or -en~llmhrnnr.e on the 'Property; (b) It'.ßs~hnlc1 payments or NOund rents on the Property, jf .any; (c) :pr~inml: for.any.andJill ;mmrßn~.:required by Lender under "Section 5; and (d) Mortgage1nsurance pr~minm!O:,ifMY, or .IDly sums payable by :Borrower to Lender in lieu of the payment of Mortgage lnsurance]1r~mil1ml: :in ,accordance with the :provisions of "section 10. Tl1ese items.are called ':Escrow 1tems." At oriVnßtion or ,at MY time During the 1eml of the Loan, lender may Iequire that Community ÅSsociation Dues, :Fees, .and Assessments, jf .any, be escrowed by :Borrower, and such dues, fees .and .assessments shall be.an :Escrow 1tem. :Borrower shall ~tly fnmish to Lender Jill notices of .amounts to be paid under this "section.:Borrower shall pay Lender the:Funds f~ ~.q,~;Items 1U1less Lender w1lÌves~orrower's obligation to pay the:Funds for .any or Jill Escrow 1tems. Leñdë:C Èay waive :Borrowds obligation to pay to Lender :Funds for .any or Jill Escrow ~ ~A(WY) (ODDS) I:HL (DB1D5) Page 3 Df11 F~nn3D51 11D1 rnf ~:~:::;:j::::::::::::;~ ~;;::~::::::~:::j:f;jJ ~ ;'li:·tl9~1;';II·.'~ ¡;¡¡¡r~~i~i:¡:i:;:~- 0917991 (.00568 DOC ID 'it: 000,136029-4430-4006 Jtems at any time. Any such waiv~ may only be m writing. 10 the event of such waiv~, :Borrower shall pay ilirectly, when and where payable, the 1lffiountsdue for any Escrow Items for which payment of 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. BOITO"V~'S obligation to make such payments and to provide receipts shall for All . purposes be 1leemed to be a covenant and ,agreement cont:¡inf",cJ m. this 'security lnstmment, as the phrase "covmant and agreement" is used m 'section 9.1f :BOITow~ is obligated to pay :Escrow Items directly, pnrsuant to a waiver, and :BOITOW~ iails to pay the 1lffionnt 1ine for an Escrow Item, Lender may exercise :its .rights under 'section 9 and pay such 1lffionnt and :BOITow~ shall then be obligated under'section 9 to repay to Lender any such 1lffiOunt. 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 1lffiounts, that are then required 1II1der this 'section 3. Lender may, at any time, collect and hold Funds:in an 1lffiOunt (a) snffi~i~nt to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the m:¡ximnm 1lffiOunt a lender can require 1II1der RESPA. Lender shall estimate the 1lffionnt of Funds due on the basis of current Data and reasonable estimates of :expenditures of future Escrow Items or otherwjsem accordance with ApplicableLaw. The :Funds shall be held.in an lilstitution whose deposits are insured by a federal agency, instmm~nt:¡ lity, or:entity (including Lender, if Lender is an mstitution whose deposits are so insured) or m any:FWeral Rome Loan Banlç.. Lender shall apply the Funds to pay the :Escrow Items no later :than the time specified under RESPA.Lender shall not charge :BOITower for holiling and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays BOITOW~ interest on the Funds and Applicable Law permits Lender to make such a cl1arge. Unless 'an agreement is made m writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay :BOITow~ any interest oreanrings on the Funds. BOITOW~ and Lender can ,agree m writing, howev~, that interest 'shall be paid on the Funds. Lender shall give to:BOITOW~, without charge, an annual accounting of the Funds asxequired by RESPA. .If there is a surplus of Funds held.in escrow, as defined under RESPA, Lender .shall account to,:ßOITOW~ for the acess funds m accordance with RESPA. .If there is a shortage of Funds .held m escrow, as Defined 1II1der RESPA, Lender shall notify :BOITOW~ as Iequired by RESPA, and BOITOW~ shall pay to Lender the amonnt necessary to make up the shortage m accordance with RESPA, but .in no more :than U monthly payments..If there is a rl~1i~i~ncy of:Fnnds held .in escrow, as ð~1inf".rl under RESPA, Lender shall notify :Borrower as required by RESPA, and :BOITow~ shall pay to Lender the 1lffionnt necessary to make up the 1le:ficiency .in accordance with RESPA, but in 1101nore:than Umonthly payments. Upon payment m:full of All sums secured by :this 'security lnstmment, Lender .shall promptly rclund to :BOITow~ any Funds held by Lender. 4. Charges; Liens. :BOITow~ shall pay All taxeS,1iSseSsments, cl1arges, fines, and impositions attributable to the Property which can attain priority ov~ this 'security lnstrument, leasehold payments or ground rents on the Property, if any, and Commnnity Association Dues, :Fees, and Assessments, if any. To the extent that these items are Escrow Items, BOITOW~ $hall pay them.in the mannerprovided ill 'section 3. :Borrow~ shall promptly .discharge any lien which has priority ov~this 'security lnstrument unless :BOITOW~: (a) agrees m writing to the payment of the obligation ,gecured by the lien ill a m:mn~r acceptable to Lender, but only so long as:BOITow~ is perfonning such agreement; (b) contests theJien.in good faith by,or rI~f~nrls against :enforcement of the lien in, legal proceedings which mLender's opinion opernte to prevent the :enforcement of the lien while those ]1foceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agrœmentsatisfactmy to Lendersuborrlin:¡tingthe lien ìo this 'security lnstrument. .If Lender rI~tmnin~s that any part of the Property is .subject to a lien which can attain priority ov~ this 'security lnstrument, Lender may give :BOITow~ a 110tice identifying the lien. Within 10 Days of the date on which that 110tice is giVen,:BOITow~ shall .satisfy the lien or take one or more of the actions ,get forth above ill this .section 4. Lender mayrequire:BOITow~ to pay a one-time charge for a,real estate tax v~ri1ication and/or reporting service used by Lender.in connection with thisLoan. 3. :Property InsurJUlCe.1JOITower shall .keep the 'improvements 110W existing. or hereafter cerected on the "Property .insured against loss by fire, hazards included within the 1erm "extended coverage," and any other hazards indnrli"t, but 110t 1llnited to, earthquakes and íloods, for which Lender xequires immrnn~e. This insurance shall be m~int:¡in~d .in the amounts (including deductible levels) and for the periods that Lender requires. What Lender :requires pursnant to the preceding sentences can change .during the 1erm of the Loan. The insurance carrier providing the insurance shall be chosen by :BOITow~ subject to Lender's :right to ~ove:BOITow~s 'choice, which .right shall not be exercised unreasonably. Lender may xequire :BOITow~ to pay, ill connection with this Loan,:either: (a) a ODð-time charge for flood:zone .derermin:¡tion. ,certification andtrn~kinZ services; or (b) a one-time charge for ílood:zone det~rmin:¡tion and œrtification services and subsequent cl1arges :each time :remappings or similar changes occur which :reasonably might affect such .det~in:¡tion or l:eJ1ification. :Borrow~ shall also be responsible for the payment of any .fees imposed by :the :Federal :Emergency Management Agency .in connec1ion with the review of any flood :zone .det~ln:ltion :resulting from an objec1ion by:Bouow~. .If :Borrow~ fails to m:¡;nt:¡in any of the cov~agesdescribed above, Lender may obtain insurance coverage, at Lender's option and:BOITowds :expense. Lender is under 110 obligation to purchase any particular type or amount of .coverage. ~ore, such coverage shall cov~ Lender, but might or might not protect .... ....:. ~--: :Borrow~, :BOITowds elpiiiy'in the :Property, or the contents of the Property, against any Iisk, .l1azard ~ ~A(WY) (ODDS) I:HL (DBID5) 'Page -4 .at 11 rDrm3D5111D1 rnf ~ 0('569 0917991. TIDC ID~: OOO~3602944504D06 or liability æuimight provide,greater or lesser rovaagethan was previously ID effect. Borrowa acknowledges that the £ost of the lilsurance coverage so obtainedfuight signi:ficæ1tly :exceed the cost of IDsurance that Borrower £ould have obtained. Any lIIIlOunts disbursed by Lender under this .section 5 shall become 11dditional debt ofBorrowa secured by this Becurity lnstrument. These 1\IIlOunts shall bear interest,at the Note Iate from the date of Disbursement æui shall be payable, with such IDterest, upon notice from Lender to Borrowa ïegUesting payment. All insurance policies .required by Lender and renewals of such policies shall be ·subject to Lender's Iight 10 disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee 1U1d/or as M.additionalloss payee. Lender shall have the Iight 10 hold the policies æui renewal c~rtifir.ates. Jf . Lender .requires, :Borrower shall promptly give to Lender all .receipts of paid premiums æui .renewal notices. Jf :Borrower obtains lIDY fonn of .insurance coverage, not otherwise :required by Lender, for Damage to, or destruction of, the .Property, such policy shall IDclude 1\ srnnchlTCi mortgage clause æui shall :name Lender as mortgagee 1U1d/or as lID 1idditionalloss payee. . 1n the event ofloss,Borrower shall give prompt notice to theinsurance£81rier æuiLender. Lender may IDa1œ proof of loss jf not made promptly by Borrowa. Unless 'Lender æui Borrow.er otherwise ,agree ID writing, MY insurance proceeds, whether or not the underlying .insurance was Iequired by Lender, shall be 1lpplied to .restoration or .repair of the Property, jf the .restoration or J"epair is economically feasible æui lender's security is not lessened. During such .repair ,and .restoration period, Lender shall Dave the right to-hold such msurMce proceeds nntil Lender .has had lID opportunity 10 fuspect such .Property to :ensure the work has been compl~tt>,(i 10 Lender's satisfaction, provided that such fuspection shall be undertaken ]lI"omptly. Lender may disburse proceeds for the .repairs md .restoration in 11 single payment or ID 1\ series of progress payments as the work is completed. Unless M ,agreement is ~ in writing or A'pplic:¡hl~ Law J"e.guires IDterest to be paid on such :insurance proceeds, Lender shall not be .required 10 pay Borrower MY IDterestor:earnings on such proceeds. Ft:es for public ,adjusters, or other third parties, ~tained by Borrowa shall not be paid out of the insurance proceeds and shall be the sole obligation of :Borrowa. Jf the Iestoration or Iepairis not economically feasible. or Lender's security would be lessened, the IDsurance proceeds shall be ,applied to !he BUIIlS Becured by this Becurity lnstrument, whether or not then 1iue, with the excess,jf MY, paid to Borrow.er. Buchinsurance proceeds shall be 1\pplied ID the orderprovided for in .section 2. JfBorrowa llbandons the .Property, Lender may file, .negotiate and settle MY 1\vIDlable:insunmce.claim æui Ielated matters. Jf :Borrowa does not .respond within 30 1I.ays to 1\ notice from Lender 1hat the .insurance can:ier lIas offered 10 settle 11 claim, then Lender :may :negotiate and settle the claim. The 30-1I.ay period will begin when the notice is given. 1n either event, or if Lender llCquires the .P.roperty under Bection 22 or otherwise, Borrower hereby ,assigns to Lender (1\) Borrower's Iights to My:insunmce proceeds in.M JUUount not to exceed the mnounts DIlpaid under the Note or this .security lnstnnnent, æui (b) MY other ofBorrowa's :rights (other than theIight to MY refund ofnnl",:¡mt>,(i ]lT~minm~ paid by Borrowa) nnder ßl:insunmce policies £overin,g the .PIOPerty, insofar as such Iights 1ll"e 1lpp1icable to the coverage of the .Property. Lender may use !he insurance proceeds :either 10.repair or restore the .Property or to pay JUUounts DI1p1lÍd under !he Note or this 'security 1nstmment, whether or not then 1iue. 6. O(,(,]]pßnry. :Borrow.er shall occupy, establish, æui use the .P.roperty as Borrowcr's,principal re~irl~ce within '60 1I.ays After the execution of this Becurity lnstrurnent æui shall continue to occupy the .Property ,as ]3orrowcr's principal IeSÏdence for 11t Jeast one year After the 1I.a:te of occupancy, unless Lender otherwise ,agreesin writing, which consent Bluill not be unreasonably withheld, or unless ~yt~l1:¡tinE circnm~:¡TlC'P.s exist which Me beyond:Borrowa's control. Î. PIeservJ1tion, M'ßintf>nßnre JUUl Protection of :the :lToperty; ]nspections. :Borrowa Bha11 :not 1lestroy, Damage or impmr the .Property, 1illow the Property to 1leteriorateor commit waste onthe.Property. Whether or not B orrowa is IesÏdiDg ID the Property, :Borrower shall m:¡int:¡in the .Property in order to prevent !he .Property from deteriorating or decreasing in value liue to its conrlition. Unless it is determined pnrsuant to 'section 51hat Iepair or Iestonltion is not economica11y feasible, :Borrower shall promptly.repair the .PIOper1J if Damaged 10 11void :further deteriorntion or Damage. Jf insurance or£onrl~mn$\tion proceeds Me :paid in £onnection with Damage to, or the·t:alång of, the .Property, Borrow.er shall be .responsible for repairing or J"estoring the .PIOperty only if Lender .has .released proceeds for such purposes. Lender.may ilisburse proceeds .for the IepaUs æui .restoration in 1\ .single ])ayment or in 1\ series of prop-ess payments ,as the work is completed. Jf!he :insunmce or conrlp,mTl:¡fion proceeds lire not sufficient to J"epair or 1estore the .Property, Borrower is not.relieved of:Borrowcr'B obligation for the rompletion of such Iepair or IeStoration. Lender or its .agent mayIDa1œ reasonable entries ~on 1U1d fuspecrions of !he .Property. Jf it lIas J"eaSonable -CaUse, Lender may inspect the interior of !he improvements on the .Property. Lender Bhall give ]3 orrowa notice lltthe time of or:Prior to such 1111 interior inspection specifying such reasonable J:anSe. 8. ,BOITower'B Loan .Application. :Borrowa shall be in 1lefau1t if, liuring the Loan ,application process, ::Borrowa or MY persons or:entities Bering lit the direction of :Borrower or with ]3OUOWcr'B Jrnow1edge or £onsent Eave m:¡tffl"i:¡11y.false, mi~l~:¡illl1g, or inaccuœte infonnation or ~:¡tl'm'\~ts to Lender (or.failed 10 provide Lender with m:¡fp,TÎ:¡ 1 infonnation) in £onnec1ÌOn with !he Loan. Maíeria1 Iepre~t:¡tions include, but lire:not limited to, :representations £OllC'P.ming Borrower's occupancy of the .Property ,as :Borrowcr's principal T~~lr1p,nr.e. .t:~c > . ::>-- ct ~A(WY) (ODDS) 1:HL (DBJD5) P:age3Df11 rDrm 3D51 1101 [\'1 P ~ . ' l~f~(n,lf..'.li·:~. ::::.i~~~~~;; 'R ~1¡m~~~i~m~!li~I~. 0917991 00570 DOC ID~: OOO~3602944504006 9. Protection of Lender's Interest in the Property .andJtights Under this Security Instrnment. If (a) :Borrower fails to perform the covrnants 1U1d agreements contained ID this Security Instrument, (b) there is a legal proceeding that might significærtly affect Lender's interest ID the Pxoperty IDIdIor +ights under this Security lnstrument (such as 11 proceeding in bankruptcy, probate, for con(ifmmltlon or forfciture, for :enforcement of a lien which may 1l!tain priority over this Security lnstrument or 10 enforce Jaws or regulations), or (c) :Borrower l1as abandoned the PIOPerty, then Lender may do lUld Pl1Y for wl11ltever is Ie.asonable or l1ppropri1lte to protect Lender's interest ID the Property 1U1d TIghts under this Security Instrument, .including protecting IDIdIor assessing the value of the Pxoperty, 1U1dsecuring and/or I~airing .the PIOperty. Lender's actions can .include, but are not limited to: (11) paying MY sums secured by a Jien which l1as priority over this Security lnstrument; (b) appearing ID court; ;,md (c) pl1yÍng1e1lSonable attorneys' fees to protect its interest in the PIOPerty .and/or TIghts under this Security 1nst:rument, .including its secured position ID a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to :make Iep1lirs,change locks, IeJÙ1lce or bomd up DOors1U1d windows, drain w1l1er from pipes, dimlnHt~ building· or other code violations or .dangerous conditions, 1U1d have 111ilities turned on or off. Although Lender may take action under this Section 9,Lender Does not have to DO so and is not under MY llutyor oblig1l1ion 10 DO so. 11 is 1lgfeed that Lender .incurs noli1lbility for not taking 1IIiy or all actions authorized under this Section 9. Any amountsrlisbursed by Lender under this Section 9 shall become additional rlebt of:Borrower secured by !his Security lnstrument. 'Tl1ese amounts Bhal1 bear interest at the NoteIatefrom the date of rlisbursement 1U1d shall be paYl1ble, with such interest, upon notice from Lender to :Borrower Iequestingpayment. 1£ this Security lnstrnment is on 11 leasehold, :Borrower shall comply with all.the provisions of the kase. Jf:Borrower acquires fee title 10 the Property, the leasehold 1U1d.the fee title Bhal1 not merge llIi1essLender 1lgfees to the merger ID writing. 10. Mortgage TmmTlln('e. 1£ Lender Iequired MOI1gage 1nsurance as a condition of:making the Lrum, :Borrower shall pay the premiums required 10 maintain the Mortgage Insurnnce ID :effect.lf, for MY reason, the Mortgage Insurance coverage Iequired by Lender ceases to be avBilable from .the mortgage insurer that previously provided such :insurance 1U1d :Borrower W1lS IeqWred to :make sep1lI1l1ely rlesignated payments toward the pr~minm~ for Mortgage Jnsurance, :Borrower shall pay the premiums Iequired 10 obtain coverage BUbstantially ~va1ent 10 the Mortgage Insurance previously ID :effect, l1t a cost 8Ubst~nti H l1y ~valent 10 the cost to :Borrower of.the Mortgage Insurance previously m :effect, from.an H lt~mHt~ mortgage :insurer selected by Lender. 1£ substantially ~va1ent Mortgage Jnsurance coverage is not av1lilable, :Borrower shall continue to:P1lY to Lender the amount of the separately rlesignated payments that were Due when theinsurnnce coverage ceased to be ID :effect. Lender will.accepl, use and retain these payments as a non-refundable loss IeSerV~ ID lieu of Mortgage lnsurnnce. Such loss I~serve shall be non-reiimrlab1e, notwithst~nrling the fact that the Loan is ultimately paid ID :fiùl,.and Lender shall not be required to pay :Borrower MY interest or:earnings· on such loss reserve. Lender can no longer Iequire loss reserve payments if Mortgage lnsurance coverage (in the JUDount .and for the period that Lender requires) provided by an.:insurer selected by Lender ag1lin becomes av1li1able, is obtained, .and Lender Iequires sep1lfately rlesignated payments toward the ]1r~mil1mdor Mortgage Jnsurance. 1£ lender .required Mortgage Jnsurance as a condition of:making the Loan lUld :Borrower W1lS Iequired 1o:malœ 'separately rlesignated payments toward the Jlr~mil1m~ for Mortgage lnsurance, :BorrOW,ef Bhal1 pay the pr~mil1m~ required 10 mHintHin Mortgage InsuranceID:effect, or to provide 11 non-T~fl1nrlHble loss :reserve, DIl1i1 Lender's IequiT~m~nt for Mortgage Tm:lmm~~ ends ID accordance with MY written .agreement between :Borrower .and Lender providing for such tmninl!tlon or DIl1i1 t~rmlnl!tion is Iequired by Applicable Law. Nothing ID this Section 10 .affects :Borrower's obligation to pay interest at theIate provided ID the Note. Mortgage Jnsurance reimburses Lender (or My:entity that purchases .the Note) 1'or £er1ain losses itmay incur if:Borrow,ef Does notI~ay the Loan as .agreed. :Borrower is not a party 10 the Mortgage Insurance. Mortgage.:insurers ev1ÙUate their total Iisk on all such insurance ID force from time 10 time, and may enter into .ag:r~m~nt~ with other pM1ies that Bhare or modify their risk, . or Ieduce losses. These,agræm~nt~ are on terms.and conditions that are satisfactory 10 the mortgage insurer and .the other pmty (or parties) to .these azre~m~t~. These 1\gI"~m~nts may require the.mortgage.:insurer 10:malœ payments using.any ,source of funds that the mortgage insurer may llave available (which may include funds obtained from Mortgage 1nsurance JlrP.lTlll1m~). As l11esult of these 1I17~~m~nt~,Lender, .any purchaser of .the Note, .another insurer, MY reinsurer,.any other :entity, or MY lIffilil!t~ of .any of the foregoing, may Ieceive (directly or :indirectly) amounts that.derive from (orIDightbe ~hHrH~t~ri7.~d as) a portion of:Borrower's payments for Mortgage Insurance, ID ~y~hHnge 1'or .sharing or morlifying the mortgage :insurer's:risk, or rt'1I11~lnE losses. 1£ such 1lgfeement provides .that M .~ffiliHt~ofLender 1alœs a share of the insurer's Iisk in exchange for a share of the ]1r~mil1m~ paid to the insurer, the 1lIra:ngementis often:termed "l:aptive reinsurance." Further: (a).Any BDCb ,agrep1npnt<: willnot.affect the mnonnts tbatBorrower Juts,agreed to pay lor Mortgage :InsurJWCe, or :any other tenns, of the Loan. Such ,agrep.Jnputs willnot.increase the mnountBorrower will owe lor Morígagelnsl1Tßu"p,.andthey will not enfitleBorIower to:any refund. ~~. ;::--- ~ ~(WY) (0005) :CHL(DB105) PageBDf11 FDnn3D51 1101 fi\f t 0917991 C00571 DOC ID~: 000136029445D4006 (b) Any BDCb ,agreements will Dot JdI'ect the rights BOITower bas - jf.JlD.Y - with respect to the Mortgage lnsurJUlce:under the Homeowners ProtecüonÁCt of 1998 or JUly other Jaw. These rights may inr]mlp the right to receive certain· ilisclosures, tf} request JU1d obtain ranrpl1S1tion of the Mortgage J:nsurance, to have the Mortgage.1nsur1lIlce tpnninllÍl>rJ JUJtnrnSltirDlly, JWdIor to receive Ji refund of JUly Mortgage 1nsur1lIlce premil1T1u; that were unearned Jit the time of BUCh r1lnf'f'l]Sltion or 1P.nninlltion. ll. A¡¡¡j1?'mPßt of Mìscellaneous :Proceeds; .Forfp1bn·e. All Miscellaneous 'PIoceeds Me .hereby liSsigned to Jmd shall be paid to Lender. Jf the 'PIOperty is damaged, such Miscellaneous 'ProceWs shall be applied to Iestoration or IepaÌr of 1he 'Property, jf the restoration or IepIDr is :economically feasible JmdLender's security is not lessened. During .such Iepair Jmd IestoratÌon period, Lender shall have the right to l10ld such Miscellaneous 'PIoœeds until Lender has l1ad lUl opportunity to juspect .such 'PIoperty to :ensure the work has been compl~ted to Lender's Batisfaction, provided that .such :inspection shall be undertaken prOIIyJtly. Lender may pay for the IepaÌrS Jmd Iestoration.m a single Disbursement or .in a series of progress payments liS the work is completed. "Unless lUl Bgreement is made.in writing or Applicable Law Iequiœs interest to be paid on such Misccllaneous Proceeds, Lender shall not be Iequired to pay Ðorrower lUlY interest or earnings on such Miscellaneous 'Proceeds. Jf the Iestoration or Iepair is not economically feasible or Lender's security' would be lessened, the Misce11aneous'PIoceeds shall be applied to the sums secured by this Security Jnstrument, whether or not then nue, with the acess, jf lUlY, paid to Ðorrower. SuchMisrellm~ous'PIOceeds shall be applied in the orderprovidedforin Section 2. 10 the event of a total taking, 1lestruction, or loss in v1Ùue of the 'Property, the Misc~11an~ous Proceeds shall be applied to the sums secured by this Security lnstrument, whether or not then 1lue, with the acess, jf lUly,:pai1l to Ðorrower. 10 the event of a partial taking, 1lestruction, or loss in value of the Property .in which the fair market value of the Property immf".ciiately before thepartial1aking, 1lestruction, or loss in v1Ùue isequa1 to or ,greater than the amount of the sums secured by this Security lnstrument llnmediate1y before the partial taking, 1lestruction, or loss in v1Ùue, llIÙeSS Ðorrower Jmd Lender otherwise Bgree.in writing, the SuIDs secured by 1his Security 1nstrument shall be reduced by the amount of the Miscellaneous PIoceeds multiplied by the following fraction: (a) the total ,amount of the sums secured :immediately before the partial taking, 1lestruction, or loss.in V1Ùue 1livided by (b) the fair market value of the Property immf".rliat~ly before the partial taking, 1lestruction, or loss in value. Any balance shall be paid to Ðorrower. 10 the event of a partial taking, 1lestruction, or loss.in v1Ùue of the 'PIOPerty in w1úch the fair market value of the Property immf".rliat~ly before the partial1aking, destruction, or loss.in value is less than the ,amount of the sums secured immediately before the partial taking, 1lestruction, or loss .in v1Ùue, llIÙeSS Borrower Jmd Lender otherwise Bgree in writing, the Miscellaneous 'Proceeds shall be Applied to the sums secured by this Security .Instrument whether ornot the sums Me then 1lue. ]f the 'Property is abandoned by Borrower, or jf, after notice by Lender to llorrower that the Opposing 'PlIrty (BS 1lefined in the next ¡~nt~n~e). offers to:malœ lUlllwmd to settle a claim for damages, Borrowerf&lsto I:espond to Lender within 30 nays after the 1late the notice is ,given, Lender is authorized to collect Jmd apply the Miscellaneous 'Proceeds either to I:estoration or Iepair of the 'Property or to the sums secured by this 'security 1nstrument, whether or:not then 1lue. "Opposing PlIrty" means the third party :that owes Borrower Mi¡c~11an~ous 'Pmceeds or the party against wl1öm Ðorrower has 11 right of action.in .regard to Misrell!1Tlf",Qus .Proceeds. Borrower shall be.in 1lefau1t if 1II1Y action or pro~, whether -Civil or mmin!ll, is begun that, .in Lender'SjUdzmffit, could Iesult in fnrf~ih1re ofthe'PIoperty or pthermat~rial impaÎ1ment ofLender'smœrest in the 'Property or rights 1D1der this Security 1nstmment. Borrower £JU1 cure such a1lefau1tlUld, jf B~~~lffl'rinn Juis occurred,:reinstate as provided.inSection 19, by r1lm:in,g 1he action orproceeIDng to be di!m1i!:~iI with a IDling that, .in Lender's juil2J11~nt , pr:ec1udesforfeiture of the 'PI0per1y or othermatf'TialllDp!lTrmffit of Lender's interest .in the Property or rights 1D1der this Security Jnstmment The proceeds of 1II1Y award or claim for .damages :that me 1lttIibntable to the impainnent of Lender's .:in:t:erest in the 'Property are hereby liSsigned Jmd shall be:pai1l to Lender. AllMisrel1!1n~ous.Proceeds:thatMenotapplied to:restoration orIepair ofthe'PIoperty shall beappliedm 1he orderprovided for .in Section 2. 12. -BOITower Not:Released; .Forbp-Hnln('e -By Lender Not.a W.aiver. 'Rrtffi!:ion of the time for :pllyment or modification of ænortization of the sums secured by this Security Jnstmment granted by Lender to ll0rr0wer or lUlY Buccessor in lnterest ofllorrower shall not operate to Iclease the JUlbility of:Borrower or lUlY Buccessors .in Jnterest of Borrower. Lender shall not. be :required to commence prO~f".rl1ngs. agairu¡t 1II1Y Buccessor:in lnterest ofBÓIrower or to .refuse to :extend time ior payment or otherwise modify amnrtÌ7at; on of the sums secured by this,Security lnstrnm~Tlt by.reason of 1II1Y iI~m!lnil made by the nri,gjn!ll Borrower or 1II1Y Buccessors.in.Jnterest ofllorrower. Any fOIbeanmceby Lender m aercising lUly.right or xemedy ;ndlJilinz, without Jimitation, Lender's 1ICceptance of :payments from third persons, entities or Bucœssors .inJnterest of ll0rr0wer or.in amounts Jess than the lUIlOunt:then 1lue, shall not be a wJÚver of or preclude the aerciseof lUlY right or IeIDedy. 13. .Joint JU1d Severa1Liability; Co-Bigners; Suœessors JU1d A,I¡RlgnIl -Bound. Borrower covt:naIl!S Jmd agrees:thatÐorrower's obligations and lÚlbility shall be joint and sever1Ù. 'However, 1II1Y Borrower wl10 co-signs this Security 1nstnnnent but noes not aecnte 1he Note (11 "co-signer"): (11) is CG-BÍgniDg this Security 1¡¡...--- '" ' ~~A(WV) (ODDS) t::Hl (DBID5) Page 7 Df 11 FDrm3D511m1 f{\~ .'n'....'·"¡~., . ··I~I!:.;\tt;.~:.:!~~~~¡~j . ~S~¡:Mili;fuwÎ.Îr. ~:i:~:~:~~~§~;m¡~ ~ 0;,:f:m;~f;g~wm~;~ I, ¡.'.:; !.~.~t' iØ ~b.;'~.2 I,. '~'h!ib~I-~,~,f'k,~¡,' 091.7991 00572 DOC ID 4t: DDDl36D2944504D06 Jnstnunent only to mortgage, grant 1U1d £onvey the £o-signer's mterest in the Property 'lID!ler the terms of this Security 1nstrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; 1U1d (c) 1igfees that Lender 1U1d MY other ~orrower.cBn 1igfee to extend, modify, forbear or make .any ,accommodations with :regard to the tenns of this Security 1nstrument or the Note without the £o-signer's £onsent. Subje£:t to the provisions of Section 18, MY Successor in Interest of.Borrower who ,assumes .Borrower's obligations 'lID!ler this Se£:urity 1nstrument:in writing, 1Uid is 11pproved by Lender, shall obtain 1ill of.Borrowds :rights æul benefits under this Security lnstrument. .Borrower shall not be Ie1eased from.Borrower's obligations 1U1d liability'lID!ler this Security lnstrument unless Lender 1igfees to suchIclease in writing. The covenants 1U1d . -agreeinents of this Security 1nstrument sluill bind (except,as provided in Section 20) æul benefit the successors 1U1d 1iSsigns of lender. 14. Loan Charges. Lender may £harge .Borrower fees for services performed in mnnection with .Borrower's default, for the purpose of protecting Lender's mterest in the PIOPerty 1U1d :rights 'lID!ler this Se£:urity Jnstrument, in~lntii~, but not limited to, 11ttOmeYS' fees, property inspection æui valuation fees.1n .Iegard to MY other fees, the 1ibsence of express 11uthority in this Security Instrument to charge 11 specific fee to .Borrower shall not be constmed 1iS 11 prohibition on the ~hMg:i~ of such fee. Lender may Dot char,ge fees that Me expressly prohibited by this Security lnstrument or by Applicable Law. If theLoM is subject to 11 Jaw which sets m:n:im~]m lO1Ul char,ges, æul that law is íina1ly :interpreted so that the interest or other loan £harges collected or to be £ollected in connection with the Loan fiCeed the p~nnitt~ti limits, then: (a) MY such lO1Ul charge shall be Ieduced by the 1UIlOUIlt necessary to Ieduce the char,ge to the permitted limit;æul (b) MY sums 1Ùready £Ollected from .Borrower which exceeded pemrittedlimits will be.re:funded to .Borrower. Lender may £hoose to make this Iefund by reducing the principal owed Dnder the Note or by nuùång 11 1lirect payment to .Borrower. If 11 refund Ieduces pr:incipal, the reduction will be treated,as 11 p1l11ial prepayment without MY prepayment char,ge (whether or Dot 1iprepayment charge is provided for Dnder the Note). .Borrowds ,acceptance of MY such refund made by direct payment to .Borrower will ~onstitute 11 waiver of MY Ii,ght öf ,action .Borrower might have 1Irising out of such overchar,ge. 15. Notices. All DOticeS ,given by .Borrower or Lender.ill connection with this Security JnstrumentIDUSt be in writing. Any notice to .Borrower:in £onnection with this Security lnstrument shall be ðe~mf>II10 have been given to .Borrower when mailed by first class mail or when ,actually 1lelivered to .Borrower's DOtice .address if sent by other means. Notice to JUly one .Borrower shall £onstitute notice to ßl.Borrowersunless Applicable Law expressly Iequires otherwise. The notice 1iddress shall be the 'Property Address :unless .Borrower has designated 11 substitute notice .address by Dotice to Lender. .Borrower ,gluillpromptly 1lOtify Lender of .Borrower's chan,ge of 1iddress.IfLender specifies a procedure for reporting .Borrower's change of 1iddress, then.Borrower shall only Ieport 11 change of 1iddress through that specified procedure. There may be only one desiplated notice .address 'lID!ler this Security Jns1rument 111: JUly one time. Any Dotice to Lender shall be given by de1iverin,g it or by "Tß:liliTll it by first £lass mail to Lender's .address stated l1erein 1UÙeSS Lender has Designated MOther 1iddress by notice to .Borrower. Any notice in £onnection with this Security 1nstrument ,gluill not be ti~mf'II to have been ,given to LenderIJntil,actnally received by Lender. If lIIlY notice required by this Becurity 1nstmment is .also xequired under Applicable Law, the Applicable Law requirement will satisfy the £orrespondin,g Iequirement'lID!ler this Security Instrument. 16. Governing Law; Sever11bility; Jùùes of Construction. This Security 1nstrument shall be ,governed by federal law æui the law of the jurisdiction in which the Property is located. All :ri,ghts 1U1d obli,gations £ontained in this Security lnstrument Me subject to MY re.quiT~m~nts æui limitations of Applic11ble Law. Applic11bleLaw might explicitly or implidtly 1illow the parties to 1i,gree by mntrnct or itmi,ghtbe silent, but such silence shall not be .construed 1tS 11 prohibition ,against 1igfeeInent by contract. 1n the event that MY provision or dause of this Security 1nstrument or the Note conflicts with Applicable Law, such £onflict shall Dot 1lffect other provisions of this Becurity Instrument or the Note wlùch £M be ,given effect without the confl i ~ti~ provision. As llSed .ill this Security Jnstrument: (11) words of themasculinegender,gluill mean 1Uld include £OIIespondin,g neuter words or words of the.feminin~ gender; (b) words in the sin,guJar shall mean Jmd include the plurnl1U1d vice versa; M1d (c) the word "may" ,gives sole Discretion without MY obligation to take MY JlCtÏon. 17. Bor.rower's Copy. Borrower shall be,given onempy oftheNote.and of this Becurity1nstrument. 18. 'TrIDJSfer of the :Froperty or Ji BpnpfiMßl Interest ID :Bon-ower. Mused in this Bection 18, ''Interest.ill the Property" means MY Je,gal or beneficial.illterest in the Property, indutiing, but not limited to, those bffi~fid:ll intereststrnn!d'~Tredin11 bond for deed, contrnctfor 1leed, inst:ll1m~nt sales £Ontract or escrow 1igfeemffit. the intent of which is the tr1UlSÍer of title by .Borrower 111: 11 future .date to 11 ,purchaser. If 1ill or JUly part of the Property or JUly Interest ID the Pmperty is sold or tf:¡n!:f~Tr~d (or jf.Borrower is Dot Ji :natunù person 1U1d 11 beneficial mterest in .Borrower is sold or 1T:ln!:f~ed) without Lender's,prior written £onseDt,Lender may .IequÌre immediate payment in full of 1ill sums secured by this Security Jnstrument 'However, this option,gluill not be ~Y~Tr.is~d byLenderif such exercise is prohibited by ApplicableLaw. If Lender exercises this option, Lender shall ,give .Borrower DOtice of 1iCcclemtion. The llOtice shall :provide 11 :period of not less :than 30 Days from the date the notice is ,given in ,accordance with Bection 15 within which .Borrower must pay all sums secured by this Se£:urityInstrument. If.Borrower:fuils to pay these sums prior to the expiratign,olJhis period, Lender Iriay invoke MY remedies pemútted by this Security lnstmm~ntwithoutinrthrlt]}otíce or ti~m:lnti on.Borrower. . . .-6A(WY) (OOOS) CHL (DBID5) Œ> P4ge Bot 11 r,onn3051 11D1 fY\f 'ß- 0917991 n!'\Qt:".f"13 \. i) J iJ / DOC ID~: OOO~3602944504DD6 19. Borrower's Bight to BeinstateAfter A ('('elerBtion.IfBOIrower meets œrtain conditions, BOIrower shall have the IÏght to have enforcement of this security lnstrument rliscont:ÌIl1red 1ù My :tiJ:ne prior to the em:liest of: (a) iive days before sale of the PIOperty pursuant to MY power of sale cont:llnf>.(i in this Security lnstrument; (b) such other period liS Applicable Law might specify for the t~nniT1:1tion ofBOIrower's right to reinstate; or (c) :entry of a jndgm~nt enforcing this Security lnstrument. Those conditions Me that BOIrower: (a) pays Lender Bll sums which then would be lÎUe 1lllder this Security lnstrument lIJld the Note liS if no acceleration had occurred; (b) cures MY default of MY other covenants or agreanents; (c) JUiys Bll:expenses incurred in enforcing this Security lnstrument, jnc1uding, but not 1imited to, reasonable BttOrneys' fees, property mspection lIJld valuation fees, æul other fees incurred for the purpose of protecting Lender's mterest in the Property lIJld rights under 1his Security lnstrument; and (d) taIœs such action as Lender may reasonably re.quire to liSsure that Lender's interest .in the JJIOperty and rights 1lllder this Security 1nstrument, lIJld Borrower's obligation to pay the sums secured by this Security 1nstrument,shall cont:ÌIl1re lm~hnged. Lender may require that BOIrower pay such rcinst:lt~rn~nt sums æul expenses.in one or more of the followIDg fonns, liS selected by Lender: (a) cash; (b) money order; (c) ceriliied check, bank check, t:reasuœr's cl1eck or ashier's cl1eck, provided MY such cl1eck.is Drawn npon M mstitution wllOse !leposits Me -.insured by a federal agency, inst:rumentmity or entity; or (d) Electronic Funds 'TTIIT1~I'OT. 'Upon rcinst:lt~rnemt by BOIrower, this .security lnstmment and obligations secured l1ereby shall remain fully clfective liS if no acceleration had occurred. However, 1hisright to:reinstate shall not Bpply in the 1;1lSe of acccleration 1lllder .section 18. 20. Sà1e of Note; Change of Loan Bervicer; Notice of GrieVJU1Ce. The Note or a pMtial.interest m the Note (together w.ith this Security 1nstrument) am be sold one or more :tiJ:nes without prior Dotice to Borrower. A sale might result.ina cl1ange.in the entity (known liS the "Loan Seiv.icer") that collects Periodic Payments 1lue under the Note and thisBecurity lnstrumentand,perfonns other mortgage loan serv.icing ohligJltlOT1s 1D1der the Note, this Securìty1nstmment, and ApplicableLaw.There alsoIDight be oneormorecl1anges of the Loan Berv.icer ]mTe]:It~d to a sale of the Note. If there .is a clumge of the Loan Berv.icer, :BOIrower will be given written notiœ of the cl1ange which will state the mu:ne and address of the new Loan Berv.icer, the address to which payments should be made and MY other .infonnation RESPA :requires in connection with a Dotice of transfer of servicing.]f the Note js sold and th~Tt>.!Ift~T the Loan js serv.iced by a Loan Serv.icer other than the 'purchaser of the Note, the mortgage loan serv.icing obliiations toBOIrower will remain w.ith the Loan Servicer or be 1T!ln~p.TTed to .a BUCœssor Loan Serv.icer and Me not liSS1ID1ed by the Note purchasernn1ess otberw.ise provided by the Note purchaser. Ncither BOIrower nor Lender mayc01Ilß1ence, join, or be joined to MY judicial action . (as cither M :Jndividual litigant or the member of a class) that arises from the other party's actions pursuant to this .security 1nstmment or that alleges that the other party has breached any provjsion of, or my 1iuty OWM by reason of, this Security 1nstrument, 1IDti1 such B OIrower or Lender has notified the other party (w.ith such notiœ given.in ,Cornpli!ln~e with the requirements of Section 15) of such JIlkged breach and Bfforded the other party l1ereto a reasonable period JIfter the giv.ing of such notiœ to taIœ corrective action. ]f Applicable law providés a :tiJ:ne period which must elapse before œrtain action -Can be ta:Iœn, that:tiJ:ne period will be!leemed to bereasonable for purposes of this paragraph. The notice of acceleration lIJld opportunity to cure given to Borrower pursuant to Section 22 and the notiœ ofllCCe1eration given to BOIrower pursuant to Bection 18 shall be cie~mf>.rl to satisfy theDOtiœ and opportunity to take cOIrective action provisions of this Bection20. 21. Hazanions B1Jb!i:tßnrPJ::, AB used.in this Section21: (a) "Hazardous .substances" Me those substances !lefined as toxic or hazardous substances, pollnt:mt!i:, or wastes by Environmental Law æul the followIDg BUbstances: ,gasoline, Jœrosene, other fI:lrnrn!lhle or toxic petroleum products, toxic .:pesticides and .herbicides, volatile solvents, m!lt~!ll!i: ,CoT1t:l1n1"1r asbestos or fonn:l]ci~hyde, and rllilioactive m!lt~:lls; (b) '~virOTlTTi~T1t!l] Law" means .:fuderallawsllJld laws of the jurisdiction where the Property is located thatrelaœ to l1ealth, Bafety or :enviroT1rn~T1tal protection; (c) '~viroT1rnemt!ll Cleanup" .includes MY response action, TP.TTIf>.(ii a 1 action, or removal action, liS defined in Envirornn~nt!ll Law; lIJld (d) an '~viroT1rnemt!ll COT1ciition" means a ,Condition that -Can cause, rontñbute to, or otherwise trigger MEnvironrn~nt:l] Cleanup. :Borrower shall not cause or permit the presence, use, disposal, storage, or release of MY Eazardons Bubstances, or th~!ltem to.release MY Eazardous Substances, on or in the Prqperty. :BOIrower .shall Dot lio, :nor .allow MYone:else to do, anything affecting theProperty (a) that is in violation of ,any Environrnemta 1 Law, (b) which J::reates M Envirornnemt!ll Conciition or (c) which, 1i1re to :the presence, use, or rclease of a Eazardous Bubstance, creates a coT1ciition that adversely .affects the value of the:Prqperty. The precr.rli"1r two Bentenœs .shall1lOt apply to the presence, use, or stoœge on the Property of small ,guantities of Eazardous Substances that are geneailly .recozni7P.rltO be ~ to Donnal rp.!i:iciemtl!ll uses.and to m:llntP.TI:m~e of the Property (ln~lnciÍT1f, but DOt Jimited to, 1lazardous substances in ,Con!:llrn~Tproducts). Borrower shall promptly give Lender written notiœ of (a) MY investigation, claim, ciP.TIt:mrl,lawsuit or other action by any ,gov~rn~T1t:l] or regulatory agency or private party .involving the Prqperty .and MY 'Hazardous .subBtance or Envirmtrnemt~ 1 Law of which Borrower has.actual JrnowJed,ge, (b) llIlY Envirmtrnemtfl Condition,mdl1iiÍT\g but DOtJimited to, MY Bpilling, leaking, Discharge, rclease or:threat of.rekase of MY Eazardous .substance, .and (c) ,any condition ~ by 'the presence,.1lSe or rcleaseof .a 'Hazardous Bubstance which adveí:scly affects 'the value of 'the Prqperty. If :BOIrower learns, or js 1lOtified by MY ,gov~rnemt!l] or :regulatory authority, or any private party, that MY removal or other T~~ni!ltion of llIlY 'Hazardous Bubstance 1Iffl'O~tin2 the:Property is necessary,:BOIrower shall promptly taIœ .all necessary T~rn~dial.actionsin acL"1)Tn!lT1Ce withEnviroT1memt:lllaw.1'í¡o$Ag,l1ercin shall J::reatellIlY obligation on Lender for .!UlEnvirornnemt!ll Cleanup. '\;.'-, ,- q ~A(WY) (DDDS) I:HL (DB1D5) 'P.iI!S B Df., 1 TDnn3D51 11D1 rr\f ¡[Wl~~j~ir~~!lj~ ~ j~;;~~~~~m~;~;:; 0917991 O :î f"\ 1: 1"i 4 "UUû' TIOC ID~: OOOl36D29445D4006 NON-TINIFORM COVENANTS. :Borrow~ mld.Lenderfurther ~ovenant 1U1d,agree JIS follows: 22. A ('t'l'll"rBtion; ]l~l"ðjes. Lender Bhall give notice to :Borrower prior 10 ,at't'plprJlt1on fOllowing ]Jon-ower's breacl1 of jIDY covenant or ,agreement.:in this .security Instrument (but Dot prior to .accelerJltion :under Section 18 1U1less Applicable Law provides otherwise). The notice shàIl Bpecify: (a) the rlefault; (b) the ,action reqnirro to cure the default; (c),a Date, Dot less than 30 rlaydrom the rlate the notice is þven to :Borrower, by which the defaultDUJSt be cured; JUld (d) that 1aîInre 10 cure the rlefanlt on or before the rlate Bpecified in the notice may result in JU:Ce1eration of the BIDDS 1ieCIJI"ed by this .security Jnstrmnent,and sale of íheJ>roperty. The notice Bhall further infonn]Jorrower of the right to reinstate.after ~t'rpl(>M1tion JUld the.right to bring ,a court JlCtion to.assert the Don-existence of ,a defanlt or JUly other rlefense of ]Jorrower to ,acceler,ation JUld Bale. .H the ilpfJlult is Dot curro on or before the .date Bpecifiedin the DOtice, Lender ,at jts option may require il1Tq1pc;liate payment .:in ln1I of.a1l B1IDlS secnred by this Security Instrnment withontlurther rlpn1J1nèl JUldmay invoke the power of ü1e JU1d JUly other ren1PI1iPJ¡ permitted by.Applicab1e Law. Lender BhaIlbe ~mtitlPð to collect.a1l expenses incurrro in purSIÛl1g the rl'n1Pi1ip,¡; provided in this Section.22, int'lnèling, but Dot limit:f'(l to, reasonable .attorneys' :fees JUld costs of title evidence. MLender invokes the power of BaJe,Lender BhaII give notice of intent to foreclose to :Borrower JUld to the person.:in possession of the J>roperty, jfrlifferent, in JiCCordance with .Apjilicable Law. T ,enèlpr Bhall þve Dotice of the sale to ]Jon-ower in the n1ßnnPr provided in Section.15.T .pnèlp," Bhall pribJish the DOtice of We,JUld the.Property Bluill be Bold.:in the JlUlnnpr prescribed by.ApjilicableLaw. T .pnèlpr or its ilemgn_ may pnrcl1ase the Property .at jIDY Bale. The proceeds of the ü1e .shall be ,applied in the fOllowing orrler: (a) to .a1l expenses of:the sale, including, but Dot limited to, Ieasonable ,attnlTleys' :fees; (b) to.a1lBUJDS Becnrro by ibis .security Instrmnent; JUld (c) JUly :excess to the per Bon or persons legally i'ntitlPI1 toiL .23. Release. Upon payment of Jill .sums sean-ed by this Security 1nstrument, lender Bha11 Iclease :this Security Jnstrument. :Borrow~ Bha11 ::pay æy Iecordation~osts. Lender may cluu:ge :Borro~ a :fee for T~l~!H:inE this Security 1nstrument, but only if the fee is paid to .a :third :pMty for Be:rVices T~nrl~r~ð mld :the 'charging of the:fee is ]Jffl"ffiitted 1U1derÂ::pjilicable Law. 24. WJlÎvers. :Borrower xeleases JlIld waives .allDghts 1U1der .and by virtue of the 110IIleBtead :exemption .æws ofWyOD1ÎIlg. :BY .BIGNlNG ]ffiLOW. :Borrower.accqJts mld.agrees to the terms JlIld roverumts 1;nnt!lin~cI :in this Security Jnstrument.and:in .any :Rider :executed by :Borrow~ .and recorded with it. J~~ ,SIEVE LEE:PARKER . ~"-'Q fJL--- MARY JO :PARKER (Seal) -1!œrower (Seal) ~œrower (Seal) -1!œrower (Seal) -1!œrower "-. -..... .-- ....- ~~A(WY) (DODS) t:HL(D81D5) P,age 1 0 Df11 T,nnn3D51 11D1 ~ 0917991 ,STATE OF WYOMING, r.n"51"1::;: '..; \.)~_.. / U DOC ID~: DDD~36029443D4DD6 Linco1n COunty BS: The:fore,going instrumentWBS .ack:now1ed,ged before:me 1his 27th day oÍ April '" 2 006 by St~1T-e Lœ J>arJœr and Mary' J 0 J>arJœr My Commission:Expires: 9-15- 07 " ...... - ' , -:..~-.:... ~ -GA(WY) (OODS) I:HL (DBID5) ~ ¡.( .Ilyp~ Notary Public GLORIA K. BYERS - NOTARY PiJBUC County of Btate of Uncaln Wyoming My CommissIon Expires Sept. 15, 2D07 P.age11 Df11 f~::::::::::~:::;:;;] ·.,I;;.I..·~."'I' ~jl"'¡'¡'...I·.I:¡ ;t,I¡~" , , F~mn3l151 1101 "f]