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HomeMy WebLinkAbout918466 .', ,....;...O:......~j.;':.':,..~, -~.;.:.~j:';'i):,:Ã: ";.;.K ·oE:?<:;¡.::~;:~: '''''';';'...;-1" ~: ':';:-:'.: - . ',' "':.~.~~~.~~<I"'~':;: : .~, X~~I :.:';;" ~<. " . - ". ..". ~._. '::~. .. ' ;. r. Oor'..?- V· š::. ~ Return To: CitiMortgage, lne. Attn: Document Proœssing .P. O. Box 790021 .st. Louis, MO 63179-0021 Prepared :By: CitiMortgage, lne. ]000 Tuilino1ogy Drive 0' F.allon, MO 63368-2240 RECEIVED 5/16/2006 lit 4:54 PM RECEIVING# 918466 BOOK: 620 PAGE: 275 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY ¡Space Above T.hisLine ror :Recording Data] MORTGAGE MIN ~000ll5200353J.BJ.22 DEFlNITlONS r .J Words used in multiple sections of this document .are .defined below llIld other words .are defined .in Sections 3, 11, ]3, 18, 20 llIld 21. Certain rules regarding the usage of words used in this document.are .also provided.in Section] 6. (A) ".security Instrument" means this document, which.is .dated MAy S, 2006 together with .all Riders to this document. (B) "Borrower" is Kameth Eugene.simkin.and.sheila MAe.simkin trustees of the Kameth E, .anD .simkin .8heilaM..simkin Trust liated the 16liay of February, 2001. ~,.' ) y){ ) .Borrower.is the mortgagor under this Security .Instrument. (C) "MERS" .is Mortgage .Electronic Registration Systems, .Inc. MERS is a separate corporation that is .acting solely .as a .nominee for Lender and Lender's sucœssors and .assigns. MERS .is the .mortgagee JDlder this .security Instrument. MERS .is organized l\11rl £Xisting under the laws of Delaware, and lIas an .address.and telephone.number of P.O. .Box 2026, Flint;.'MI48501-2026, tel. (888) 679-MERS. 00200353IB12 WYOMING-Single f.amily-F.annie MaelFreddie Mac UNIFORMINSTRUMBIT WITH MffiS O@-6A(WY) (0005).01 Form 3D51 1/D1 Page 1 "r 15 ImWI.~m¿ I ~IIIII JIIII ~IIIÐII IIII Jill ~II. VMP MORTGAGE FORMS - (800)521-7291 CitiMortgage 3.0.1.9 VI ~ ....,¡:if.~~:~:~ ~ '.·...r;..~If'..'...t;~. .<It r.¡I'À"'I .~.j :_~::¡~~:::;ra:~ : ::~~:1.:~::::.¡~:~:!:,;. t!,:¡im!mm~~, :f'i7'i;"~i¡'¡';T." ,.', ,-' (,è~ ~·::,:':':,~P' ,,-r""" --'''',;,: .~.:::,' , ,'·~jA;';¡':t=£I:I~t;' , "-f.'k~·.;þ'::¡;',~'Þ<~' !O:!,!:'Pf'.i!~~~\V'_"¡'-:":',.r.r ......: .'¡1;1.,;>.1¡', ", f~'_ '. " . -;,". .;.......;.;~..';' 000276 0918466 (D) "Lœder" js CiliMortgage, lnc. " Lender .is ~ CorporAtion organized IDld existing under the Jaws of New Yor.le Lender's ~ddress.is 1000 Technology Drive, 0' F.allon, MO tí3368-2240 (E) "Note" means the promissory Dote liigned by Borrower IDld dated May 8,2006 The Note states that Borrower owes Lender T.hree Hun'dred Five Thousand Dollars (U.S.S305,000.00 ) plus mterest. Borrower has promised to pay this debtm rf!gu1ar Periodic P~yments IDld to pay the debt-in full Dot later than Jun,e 1, 2036 (F) "Property" means the property that is described below under the heading "TnlIlsfer of Rights m the .Property. " (G) "Loan" means the debt evidenced by the Note, plus jnterest, any prepayment charges.and late charges due under the Note, IDld IDlliumS due under this Security lnstrument. plus mterest. (H) "Riders" means llll Riders to this Security lnstrument that .arf! f!xecuted by Borrower. The following Riders .are to be f!Xecuted by Borrower [check box.as ~pplicable]: o Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider D BIDloon Rider 0 Planned DDit Development Rider 0 1-4 FIDllily Rider o VA Rider 0 Biweekly P~yment Rider .lXJ Other(s) [specify] Bchcdule ''A'' (1) "Applicable Law" means IDl controlling applicable federal, litate IDld local statutes. regulations. ordinances IDld administrntive rules.and orders (that .have ilie effect of law) .as well.as llll ~pplicable final, Don-appealable judicial opinions. (1) "Community Association Dues, Fees, JIIld Assessments" means llll dues, fees. .assessments.and other .charges that .are .imposed on Borrower or the Property by a condominium .association, .homeowners .association or 1iimilar organization. (K) "Electronic Funds Tunsfer" means IDlY trnnsfer of funds, other than ~ tr.ansaction originated by check, dr.aft, or.similar paper IDstrument, which .is .initiated through IDlclectronic terminal, telephonic fustrument, computer, Dr magnetic tape so.as to order. IDstruct, or authorize ~ financial IDstitution to debit Dr credit IDl account. Such term mcludes, but.is Dot limited to, point-of-sale trIDlSfers, IDltomated teller machine trIDlSactions. transfers .initiated by telephone, wirf! trIDlSfers, IDld automated clearinghouse transfers. (L) "EsCI' ow ltems" means those items that Me described m Section 3. (M) "Miscellaneous Proceeds" means IDlY compensation, settlement. ~ward of damages, or proceeds paid by IDlY third party (other than IDsurance proceeds paid under the coverages described m Section 5) for: (i) damage to, or destruction of. the Property; (ü) condemnation or other taking of llll or IDlY part of the .Property; (ill) convf!yance m lieu of condemnation; or (iv) misrf!pæsentations of, Dr omissions .as tO,the v111ue .and! or condition of the Property. (N) "Mortgage lnsurJlIlcc" means IDsurance protecting Lender .against the Donpayment of, or default on, the Loan. (0) "Periodic P.ayment" means the regularly licheduled lIDlOunt due for (i) principal .and mterest llDder the Note, plus (ü) any amounts under Section 3 of this Security lnstrument. (P) "RESPA" means the Real.Estate Settlement Procedures Act (12 D.S.C. Section 2601 ~t lieq.) .and jts .implementing rf!gulation. Rf!gu1ation X (24 C.F.R. P.art 3500). .as they might be lIDlended from time to time, or any additional Dr liuccessor legislation or regulation that governs the same subject matter. As used m this Security lnstrument, "RESPA" refers to 1111 requirements and restrictions .that .are ..imposed m regard to 11 "federally related mortgage loan" f!ven jf the Loan does Dot qualify .as.a "federIDly rf!lated mortgage loan" llDder RESPA. 0020035318U Q..ßA(WY) (OOOS).D1 II> Page -2 Dr 15 In~l~m-ð Fonn 3051 1/01 CitiMortgage 3.0.1.9 Vl " . ~~'j'':,:':":O.'.'" :·'···.1<'1,. ""-,1" :., 'i',"', '¡';' ~ /" ., :. " . ':', . ,';~ ,""a-.',..';' ,.. v00277 103'18466 (Q) ".successor.:in lntcrest DfBorrDWcr" means.any party that.has taken title to the .Pmperty, whether Dr Dot that party .hasllSSumed.Borrower's obligations under;the Note .and/Dr this Security Instrument. TRANSFER OF RIGHTS IN TIlE .PROPERTY Tlris Security Instrument securi!S to Limder: (i) the ri!payment of the Loan, .and all renewJÙS, mensions.and modifications .of the Note; .and (ü) the perfonnance of .Borrower's covenants .and ligreeD1ents under this Security Instrument .and the Note. For this purpose, .Borrower does .heri!by mortgage, grant.and convey to MERS (solely liS Jlominee for Lender .and Lender's succ-essors .and .assigns) .and to the successors .and .assigns of MERS, with power .of sale. the following described property located in the CDunty .of Lincoln [Type of Recording Jurisdiction] (Name of Recording Jurisdiction] .sTAR VALLEY RANCH UNIT 13, LOT 76, TOWNSHIP 35 RANGE 118, :532. .PMccl ID Number: 251 my.T .~mE WAY THAYNE ("Property Address"): which CUJTently .has the llddresS .of [Strt!el] [City] ,Wyoming B3127- [ZIp Code] TOGETHER WITII .a11 the improvements JlOW Dr hereafter i!rected on the property, .and .a11 -easements, llppurtenances, .and fixtuœs DOW Dr .heræfter li part of the property. All replacements .and .additions shalllllso he covered by this Security Instrument. All of the foregoing is referred to jn this Security Instrument liS the "Property." .Borrower understands .and ligrees that MERS balds only legal title to the interests granted by .Borrower in this Security Instrument, but, jf Decessary to comply with law or .custom, MERS (as nominee for Lender .and Lender's successors.and .assigns) .has the right: to i!xercise.any or.a11 of those interests, including. but not limited to. the right to foreclose.and sell the Property; .and to take .any llction required of Lender .including, hut not limited to, releasing .and canceling this Security Instrument. J30RROWER COVENANTS that .Borrower is lawfully seised of the estate bereby conveyed .and .has the right to mortgage.gr.ant.and convey the .Property .and that the .Property is unencumbered, acept for imcumbr.ances .of record. .Borrower wMTants .and willrlefend generally the title to the Pmperty ligainst all cIaims .and rlemands, subject to .any iillcumbrances Dfri!cord. TIllS SECURITY INSTRUMENT combines .unifonn covenants for national use .and Jlon-unifonn covenants with Jimitedv.ariations by jurisdiction to constitute li .unifonn security instrument covering rw property . 002003531812 G-BA(WY) (0005).01 @ Initial~'yy¡-/ -P.age3Df15 FDTm 3051 1/01 CitiMongage 3.0.1.9 VI ,m*ili~;i~¡~~t; :;:::íi::~~5»\ ~;:;~f;:i:;:;:~:~~;~; .;;.:.~:.:.:.~.=.:.:;~..<;-.., . - - ·.-'--:¡:':Ó:.;.)O:~Z':.;;:"j.' ..,.:,.. .. ;i;¡. mm~1~m~~i,j¡ffi~ "';.:: -1:,..):è....;;.Ù~·' . .' - , . . ,'i·~'.·.·~";-',·;·¡'·· ''';:'~ . ..¡;,:.;'¡¡~,;-.',' 000278 0918466 UNIFORM COVENANTS. Borrower and Lendercovenant and Agrt!e as follows: 1. Payment of Pr.incipal, Interest, Escrow ItCms, Pn:payment Charges, and Late Charges. .Borrower shall pay when due the principal of, and fu:terest on, the debt t!videnced by the Note lI1ld any prepayment charges and late charges due under the No.\e. Borrower shall Also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made j¡¡ U.S. currency. Rowever, if any check or other fustrument received by Lender as payment under the Note or this 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 j¡¡ 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 fustitution whose deposits Me fusured by A federal .agency. fustrumentality. or tilltity; or (d) Electronic Funds Transfer. Payments Me deemed received by Lender when received at the location designated fu the Note or At such other location as may be designated by Lender fu accordance with the notice provisions j¡¡ Section 15. Lender may return any payment or partial payment if the payment or partial payments Me fusufficient to bring the Loan current. Lender may Accept .any payment or partial payment insufficient to bring the Loan £urrent, without waiver of .any rights hereunder or prejudice to its rights to refuse such payment or partial payments fu the future. but Lender is not obligated to apply such payments at the time such payments Me .acœpted. 1f 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 reasonable period of time, lender shall cither .apply such funds Dr return them to Borrower. 1f 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 fu the future .against Lender shall relieve Borrower from making payments due under the Note.and this Security Instrument or performing the covenants.and .agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, .all payments .accepted lI1ld .applied by lender shall be Applied j¡¡ the following order of priority: (a) futert!St 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 j¡¡ the order fu which it became due. Any remaining .amounts shall be Applied :first to late cl1arges, second to .any other .amounts due under this Security Instrument. lI1ld then to reduce the principal balance of the Note. 1f Lender rt!ceives .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 cl1arge.lf more than one Periodic PAyment is outstanding, lender may .apply lI1lY payment received from Borrower to the repayment of the Periodic Payments if, lI1ld to the extent that, -each payment can be paid fu 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 lI1lY late charges due. Voluntary prepayments shall be Applied first to any prepayment cl1arges and then.as described j¡¡ the Note. Any Application of payments, fusurance 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 ltcms. Borrower shall pay to Lender on the day Periodic PAyments Me due under the Note, until the Note is paid j¡¡ 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 lI1lY; (c) premiums for .any .and .all insurance required by lender under Section 5; lI1ld (d) Mortgage Insurance premiums. if .any, or.any sums payable by Borrower to Lender in lieu of the payment of Mortgage lnsurance pœmiums in Accordance with the provisions of Section 10. These items Me £aIled "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, b~ t!Scrowed by Borrower, .and such dues. fees .and .assessments shall be lI1l 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 UJÙess Lender waives Borrower's obligation to pay the Funds for any or All Escrow Items. Lender may waive .Borrower's obligation to pay to Lender Funds for .any or All Escrow Items At .any time. Any such waiver :may only be fu writing. In the t!vent of such waiver. Borrower shall pay directly, when and where ayable, the .amounts 002003531812 Q-6A(WY) (0005).01 (!J P.age -4 of15 1/01 CltiMortgage 3.0.1.9 VI -;;;. " ~~ '··":'-'.'~'-·;'¡~1--~~;:~:-·~-;-:;'t:;';::~:;'·t:&'"'tii.'(;~~;:'¡-,;-f:·-_' :1.'; :·~-:.:~~1-.;t·!¢:·::.V'-:;:·~- . ·':i:...':'IÎi_~' y_.~;~t'¡,~~.~Ji',;~ :1 ":',~ .',;:-.- ,~,.-. -,-:-:,jSdtJ."'¡'J.1.:...9~~~·S::::!~:~';:'~;¡i;-:'-~·~-,;\-,;¡;·,;'!T~'j~':-·' ':-'~i~:;: __:Y:I;:.:Oi'.i!:"'.,f-;~.~'.~ ,. .....~.J '. COO~ï9 03j,84G~3 due for IDlY Escrow Items for which payment of Funds l1as been waived by Lender .and, jf Lender requires. shall furnish to Lender receipts evidencing such paymept within such time period.as Lender may require. Borrower's obligation to make such payments IDld to provide receipts shall for .all purposes be deemed to be 1i covenant.and 1igreement contained in this Security Instrument, .as the phrase "covenant.and 1igreement" is used in Section 9. If Borrower js obligated to pay ;Escrow Items directly, pursuant to 1i waiver, .and Borrower fails to pay the mnount due for IDl Escrow Item, Lender may exercise its rights under Section 9 .and pay such .amount IDld Borrower shall then be obligated under Section 9 to repay to Lender IDlY such .amount. Lender may revoke the waiver .as to .any or .all Escrow Items 1it IDlY time by a llotice given .in 1iccordance with Section 15 .and. upon such revocation. Borrower shall pay to Lender .all Funds, .and m such .amounts. that.are then required under this Section 3. Lender may, at IDlY time, collect.and hold Funds ill IDl .amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESP A, .and (b)- llOt to exceed the maximum .amount a lender can require under RESPA. Lender shall estimate the .amount of Funds due on the basis of current data IDld reasonable estimates of expenditures of future Escrow Items or otherwise m 1iccordance with Applicable Law. The Funds shall be held in IDl .institution whose deposits are .insured by 1i feder.aI agency, .instrumentality, or entity (including Lender. jf Lender is IDl .institution whose deposits .are so insured) Dr .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 llOt charge Borrower for holding IDld 1ipplying the Funds, .annually .analyzing the escrow 1iccount, or verifying the Escrow Items, unless Lender pays Borrower mterest on the Funds.and Applicable Law permits Lender to make such a charge. Urness IDl agreement is made.in writing Dr Applicable Law requires mterest 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 1igree m writing, however. that mterest shall be paid on the Funds. Lender shall give to Borrower. without charge, IDl IDlIllliÙ accounting of the Funds.as required by RESPA. If there js 1i surplus of Funds .held in escrow. .as defined under RESPA, Lender shall1iccount to Borrower for the excess funds m 1iccordance with RESPA, 1f there is a shortage of Funds held m escrow, .as defmed under RESPA. Lender shall notify Borrower.as required by RESPA, .and Borrower shall pay to Lender the .amount necessary to make up the· shortage in 1iccordanœ with RESPA, but in llO more than 12 .monthly payments. 1f there js a deficiency of Funds held m escrow, .as defined under RESP A. Lender shall llOtify Borrower .as required by RESPA, IDld Borrower shall pay to Lender the .amount llecessary to make up the deficiency m accordance with RESPA, but .in no more than 12 monthly payments. Upon payment m 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, fines. IDld linpositions 1ittributable to the Property which can attain priority over this Security Instrument. leasehold payments or ground rents on the Property, jf IDly..and Community Association Dues, Fees..and Assessments, jf .any. To the extent that these jtems .are Escrow Items. Borrower shall pay them m the manner provided .in Section 3. Borrower shall promptly discharge IDlY lien whicb has priority over this Security Instrument unless .Borrower: (a) llgrees.in writing to the payment of the obligation secured by the lien .in a manner 1icceptable to Lender. but only so long.as Borrower js performing such agreement; (b) contests the lien .in good faith by, or defends against enforcement of the lien m, legal proceedings which.in Lender's opinion operate to prevent 1he enforcement of the lien while those proceedings are pending, but only until .such proceedings .are concluded; Dr (c) secures from the holder of the lien IDl1igreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that .any part of the Property is subject to a lien which can llttain priority over this Security Instrument, L-ender.may give Borrower 1i llotice jdentifying the 002003531812 C-ßA(WY) (0005).01 @ Imuæ5~¿ P"ge 5 0115 ronn 3051 1/01 CitlMortgage 3.0.1.9 VI ·';iil'i'.i'·i~. ,·:':ij j:::::::~~::::~:t¡;:1 illliilil~%1!~i~iftki ;í~;W.~~. ::~:~m~i;¡;:;,:!¡~:~ ~ ¡!i~~~¡f:~~~1 !' :~::::,I~IÒ5!C: :.;.~; ¡;,:!;!,;..;.¡, :o";¡ "i',.",' .':\,':, "I'~: . :~.~"I!.~:~..."'-,.,,;. C00280 031 fi.:) dr' fr.: '" (,:f .~ 'lh '<,¿J lien. Within 10 days of the date on which that notice is Biven. .Borrower.shall satisfy the lien or take one or more of the liCtiOns set forth lWove .in this Section 4. Lender may require .Borrower to pay li one-time charge for li real estate tax verification .and/or reporting .service used by Lender.in connection with this'Loan. 5. Property InSUrBIlcc. .Borrower .shall keep the;unprovements now existing or .hereafter erected on the Property insured ligainst loss by fire. .hazards incl~øed within the term "extended coverlige, " .and .any other .hazards .including. but not limited to, earthquakes .and floods, for which Lender requires .insur.ance. This insur.ance .shall be maintained in the .amounts (including deductible levels) .and for the periods that Lender requires. W.hat Lender requires pursuant to the preceding sentences can change during the term of the Loan. T.he insur.ance carrier providing the insurIDlce .shall be chosen by .Borrower .subject to Lender'.s right to disapprove .Borrower's choice, which right shall not be aercised unreliSonably. Lender may require .Borrower to pay, .in connection with this Loan. cither: (a) li one-time charge for flood .zone determination, certification .and tmcking .services; or (b) li one-time charge for flood .zone determination .and certification services .and .subsequent charges each time remap pings or similM changes occur which reliSonably might .affect .such determination Dr œrtification. .Borrower .shall .also be responsible for the payment of .any fees .imposed by the Federlil Emergency Management Agency .in connection with the review of .any flood .zone determination resulting from ~'1 objection by .Borrower. If .Borrower fails to maintain .any of the coverliges described lWove, Lender may obtain .insur.ance coverage, lit Lender'.s option .and .Borrower'.s expense. Lender is nnder no obligation to purchase .any particular type or .amount of coverage. T.herefore. such coverage.shall cover Lender. but might or might not protect .Borrower, .Borrower's t!quity.in the Property, or the contents of the Property, .against IDlY risk, .hazard or liability .and mig.ht provide greater or lesset coverlige than was previously in clIect. .Borrower licknowledges that the cost of the .insur.ance coverage .so obtained might .significantly exceed the cost of .insur.ance that .Borrower could llave obtained. Any .amounts disbursed by Lendernnder this Section 5 .shall become lidditionaI debt of .Borrower secured by this Security Instrument. T.hese .amounts .shall bear .interest lit the Note rate from the date of disbursement.and .shall be payable. with .such .interest. upon notice from Lender to .Borrower Iequesting payment. All .insur.ance policies required by Lender .and renewals of .such policies .shall be .subject to Lender's right 10 disapprove .such policies" .shall .include li .standard mortgage clause, .and .shall .name Lender .as mortgagee .and/or as.an lidditionaI loss payee. Lender .shall have the right to .hold the policies .and renewal certificates. If Lf!Ilder requires, .Borrower shall promptly give to Lender.all receipts of paid premiums.and renewal notices. If .Borrower obtains .any form of .insurance coverage, not otherwise required by Lender, for damage to, or destruction of. the Property. .such policy .shall .include a standard mortgage clause.and .shall.name Lender as mortgagee .and/or as IDllidditionaI loss payee. In the event of loss. .Borrower .shall give prompt notice to the insur.ance carrier .and Lender. Lender may make proof of loss jf not made promptly by .Borrower. Unless Lender .and .Borrower otherwise ligree in writing, IDlY .insurIDlce proceeds, w.hether or not the ùnderlying .insur.ance was required by Lender. .shall be lipplied to restoration or repair of the Property, jf the restorwon or repair is t!conomically feasible .and L{!ßder'.s .security is not lessened. Dur.ing .such repair IDld restorlition period, Lender .shall have the right to .hold such .insurIDlce proceeds nntil 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 nndertaken promptly. Lender may disburse proceeds for the repairs .and restoŒtion .in a .single payment Dr in li .series Df prngress payments as the work is completed. Unless IDl .agreement is made .in writing or Applicable Law requires .interest to be paid Dn such insur.ance proceeds, Lender .shall Dot be required to pay .Borrower.any .interest or éarDings on .such proceeds. Fees for public lidjusters, Dr other third parties, retained by .Borrower .shall not be paid out of the insurIDlce proceeds .and .shall be the sole obligation of .Borrower. If the restorwon or repair is not economically feasible Dr Lender's .security would be lessened, the .insurance proceeds.shall be lipplied to the sums secured by this Security lnstrument. w.hether or not then due, with m~~,~f ArYn¿ Flinn 3051 1/01 002003531812 O-SA(WY) (0005).01 @ PJlge 6 of 15 CitIMortgage 3.0.1.9 V1 ~ .- .:' ~.~.'.~.: .:.;r.,~ ;.",:,;.~,; ';'~: . ~." ,;:;.;. ':':" ;~! t~:"~:!' '.~ ~;-.",.:., . ~ ~ . . .. ,·:.·o..·;;.;:,_:;,~;-;· i:;:~I:':O":'¡r..:....:.:.;. ·,;·'.';.nH<"'···.'!'·ío'-~···..··-, ·"'::·.'":"'."i'··· _. ·:',1;·"11;'·,'1.'...·-,. ..,..;....-........ cOorSl 091..8466 the excess, jf.any. paid to .Bon-ower. Such insur.ance proceeds shall be llpplied jn the order provided for .in Section 2. If .Bon-ower llbandons the Property, Lender may,1ìle, negotiate .and settle .any llvailable insurance claim .and related matters. If .Bon-ower does not respoD,d withiJ¡ 3D days to a notice from Lender that the .insurance carrier.has offered to settle II claim, then Lender may negotiate .and settle the claim. The 3D-day period will begin when the notice is given. In cither i!vent, or if Lender llcquires the Property under Section 22 or otherwise, .Bon-ower hereby .assigns tq Lender (a) .Bon-ower's rights 10 .any .insurance proœeds.in.an .aD1ount not to exœed the .aD1ounts unpaid under the Note or this Security Instrument, .and (b) .any other of .Bon-ower's rights (other than the right to .any refund of unearned premiums paid by .Bon-ower) under lill .insur.anœ policies covering the Property, insofar .as such rights .are llpplicable to the coverage of the Property. Lender may use the insurance proceeds cither to repair or restore the Property or to pay.aD1ounts unpaid under the Note or this Security Instrument. whether or not then tine. 6. Occupancy. .Bon-ower shall occupy, £stablish. .and use the Property .as .Bon-ower's principal r£sidence within 60 days Mter the -execution of this Security lnstrument .and shall continue 10 occupy the Property .as .Bon-ower' s principal residence for llt least one year .after the date of occupancy. unless Lender otherwise llgœes .in writing. which consent shall not be unreasonably withheld. or unless-extenuating circumstances exist which.are beyond .Bon-ower's control. 7. Preservation, Maintenance .and Protection of the Property; Inspections. .Bon-ower . shall not destroy. damage or mpair the Pmperty, .allow the Property to deteriorate or commit w.aste on the Property. Whether or not .Bon-ower is residing in the Property. .Bon-ower shall m¡¡int¡¡i" the Property .in order to prevent the Property irom deteriorating or decreasing.in value due to jts condition. Unless jt is determined pursuant to Section 5 that repair Dr restor~tion is not economically feasible, .Bon-ower shall promptly repair the Property jf damaged to llvoid further deterioration or damage. If .insurance or condemnation proceeds.are paid.in connection with damage to. Dr the taking of, the Property, .Bon-ower shall be responsible for repair.ing or restoring the Property only jf Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs.and restoration .in II .single payment or.in II series of progress payments .as the work is completed. If the .insurance or condemnation proceeds .are not sufficient to repair or r£store the Property, .Bon-ower is not relieved of.Bon-ower's obligation for the completion of such repair or restoration. Lender .or jts .agent may make reasonable iilltries upon .and .inspections of the Property. If it .has reasonable cause. Liillder may.inspect the .interior of the mprovements on the Property. Lender .shall give .Bon-ower .Dotice llt the time of Dr prior to such an .interior inspection specifying such reasonable cause. B. .Borrower'.s Loan Application. Bon-ower.shall be .in default jf, during the Loan llpplication proc£ss, .Bon-ower or .any persons or i!ntities llcting llt the direction of .Bon-ower or with .Bon-ower's knowledge or consent gave materially false, misleading, or .inaccurate infonnation or statements to Liillder (or failed to provide Liillder with material information) .in connection with the Loan. Material representations include, but .are not limited to, representations concerning .Bon-ower's occupancy of the ]>mperty.as .Bon-ower's principal residenœ. 9. .Protection ofLœder'.slnterest in thePropeI1y.and Rights Under this .security lnstrument. If (a) .Borrower fails to perform the covenants .and .agreements contained in this Security lnstnunent, (b) there js II legal proceeding that IDight .significant1yIDIect Lender's .interest.in the Pmperty .and/or rights under this Security lnstrument (such.as a proceeding in bankruptcy. probate, for condemnation or forfeiture, for aûorcement of a lien w.hich may attain priority over this Security lnstrument or to aûorce laws Dr regulations). or (c) .Bon-ower .has llbandoned the Property, then Lender may do .and pay for whatever is reasonable or .appropriate to protect Lender's interest :in the Property .and rights under this Security Instrument. .including protecting .and/or .assessing the value of the Property. .and securing .and/or repairing the Property. Lender's llCtiOns can .include. but .are .Dot limited to: (a) paying .any sums secured by a lien w.hich .has priority over this Security lnstrument; (b) llppearing .in court; .and (c) paying reasonable ,naœ~~4 002003531812 Q-SA(WY) (0005).01 (!> P.age 7 of15 FDnn 3051 1/01 CltiMortgage 3.0.1.9 VI I/ :' II :~N':'~:~::: ~: ~~N·:~N·:í;~: /}H:i';:¡!¡~jJ.~,)h;i :'t~;·¡;I+'·i'f~lÿ.V'..: H;'~!1Úi~~~b~:;I!~~ ;~~ ~m~~;~¡~!~m~ll~¡ ¡.j'¡»;';"'¡". .",,-' '-(";'~'¡'~"¡'.'.'."'.' ···';;<T':'~t'·:; ·:'.F~"~ """ ':" -..¡:; . >'··-'\·'.';'¡~r..···- .._.-...... CO{)~82 .r~Q''íï i.) ."J C ,J' t(..1J.¡&C:»!.f:OC-,. littorneys' fees to protect its interest in the Property IDul/orrights under this Security lnstrument, including its secured position in li bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs. change locks, replace or board up doors IDld windows, drain water from pipes, eliminate building or other code violations. or dangerous conditions, IDld bave utilities. turned on or off. Although Ltmder may take action under this .section 9. Lender does not bave to do so IDld js not under any duty or obligation to do so. I(.is agreed that Lender incurs no liability for not taking any or 1IlI liCtions liuthorized under this Section 9. Any amounts disbursed by Lender under this Se.ction 9 shall become additional debt of Borrower secured by this Security lnstrument. These amounts shall bear jnterest at the Note rate from the date of .disbursement IDld shall be payable. with such interest, upon notice from Lender to Borrower requesting payment. If this Security lnstrument is on a leasehold. Borrower .shall comply with lllJ the provisions of the lease. If Borrower licquires fee title to the PIoperty, the leasehold IDld the fee title .shall not merge unless Lender agrees to the merger in writing. 10. Mortgage lnsurance. If Lender required Mortgage lnsurance.as a condition of making the Loan, Borrower.shall pay the premiums required to maintain the Mortgage lnsurance in clfect.If. for IDlY .reason, the Mortgage lnsurance coverage Iequired by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage lnsurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage lnsurance previously in effect. at a cost substantially equivalent to the cost to Borrower of the Mortgage lnsurance previously in effect, from an Alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage lnsurance coverage .is not livailable, 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 IDld Ietain these payments .as a non-refundable loss reserve in lieu of Mortgage lnsurance. 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 IDlY interest or earnings on such loss reserve. Lender can no longer require loss reserve payments jf Mortgage lnsurance coverage (in the amount IDld for the period that Lender requires) provided by IDl insurer selected by Lender again becomes available. js obtained, IDld Lender requires separately designated payments toward the premiums for Mortgage lnsurance.If Lender required Mortgage lnsurance .as a condition of making the Loan IDld Borrower was required to make separately designated payments toward the premiums for Mortgage lnsurance. Borrower shall pay the premiums required to maintain Mortgage lnsurance in effect. or to provide a non-refundable loss reserve. lUlti1 Lender's requirement for Mortgage lnsurance ends in accordance with any written ligreement between Borrower IDld Lender providing for such tennination or until termination is required by Applicable Law. Nothing in this Section 10 lIffects Borrower's ohligation to pay interest at the rate provided in the Note. Mortgage lnsurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur jf Borrower does not repay the Loan .as ligreed. Borrower js not a party to the Mortgage lnsurIDlce. Mortgage insurers evaluate their total risk on lllJ such insurance in force from time to time, IDld may enter into agreements with other parties that.share Dr modify their risk, or reduce losses. These ligreements .are on terms IDld conditions that are satisfactory to the mortgage insurer IDld the other party (or parties) to these agreements. These ligreements may require the mortgage insurer to make payments using IDlY source of funds that the mortgage insurer may bave available (which may include funds obtained from Mortgage lnsurance premiums). As a result of these agreements. Lender, IDlY purchaser of the Note, IDlother insurer, IDlY reinsurer, .any other entity. or IDlY .affiliate of IDlY 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 lnsurance. in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that liD .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· tenned "captive reinsurance. " Further: (a) Any BUcb Agreements will ]lot .affect the :amounts that Borrower l1as Agreed to pay f'or Mortgage lnsurance, or any other 1erms of the Loan. .such .agrœments will ]lot increase the :amount .Borrower will owe:for Mortgage lnsurance, .and they will]lot œtitle BorIO~.an~ rfOfnnd. 002003531812 Ini~J C-6A(WY) (0005)-01 P"geBof15 Fonn3051 1/01 @ CitiMortgage 3.0.1.9 VI ~ ·,...,.,:."............ .-, .;.',;..,...., ',"; <, '_·,r~.·;':.1;-·,.; . :""'.:1",:"".:,;0;"<0-" ,,':..,O"o<f" C00283 091..84b6 (b) Any lIuch agreements will not affect the rights Borrower .has - jf any - with Iespect 10 the Mortgage lnsurance under the Homeowners Protection Act of 1998 or any other Jaw. T.hese Iights :may include the right 10 receive certain disclosures, 10 request and obtain .cancellation of the Mortgage lnsurance, 10.have the Mortgage lnsurande terminated automatically, andlor to receive a refund of any Mortgage lnsurance premiums that were unearned .at the time of .such cancellation or 1ermination. 11. AS!ligJ1ment 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 lIpplied to restoration orrepair 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 IDltil Liillder .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 lIgreement 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 Dr Lender's security would he lessened, the Misccllaneous Proceeds.shall be lIpplied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any. paid to .Borrower. Such Miscellaneous Pl'oceeds.shall he lipplied in the order provided for in Section 2. In the event of 11 total taking, destruction, Dr loss in value of the Property. the Miscellaneous Proceeds .shall he lIpplied 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 parüal taking, destruction, Dr 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 lIIIlOunt of the sums secured by this Security Instrument immediately before the partial taking. destruction, Dr loss in value, unless .Borrower and Lender otherwise lIgree in writing. the sums secured by this Security Instrument shall be l'educed by the amount of the Miscellaneous Proceeds .multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction. or loss· in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction. or loss in value. Any balance shall be paid to .Borrower. In the event of 11 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 lUIlOunt of the sums secured immediately before the partial taking. destruction, or loss in value. unless .Borrower lUld Lender otherwise lIgree in writing, the Miscellaneous Proceeds shall he lIpplied to the sums secured by this Security Instrument w.hether or not the sUms .are then due. 1£ the Property is .abandoned by .Borrower. or if. llÍter Dotice by Lender to .Borrower that the Opposing Party (as defined in the next sentence) offers to make an lIw.ard to settle 11 claim for damages. .Borrower fails to respond to Lender within 30 days llÍter the date the Dotice is given, Lender is lIutborized to collect lUld lIpply the Misccllaneous Proceeds .either to restorlltion Dr repair of the Property or to the sums secured by this Security Instrument. whether Dr Dot then due. "Opposing Party" means the third party 1hat owes .Borrower Miscellaneous Proceeds or the party lIgainst whom .Borrower .has 11 right of liction in regard to Miscellaneous Proœeds. ' .Borrower shall be in defiwlt if lUlY lIction or proceeding, whether civil Dr criminal, is begun that, in Lender's judgment. could result in forfeiture of the PIOperty Dr other material impairment of Liillder's interest in the Property Dr .rights under this Security Instrument. .Borrower can cure such 11 default lUld. if liccelerlltion .has occurred. reinstate .as provided in Section 19, hy causing the liction Dr proceeding to be dismissed with 11 niling that. in Lender's judgment, pri:!cludes forfeiture of the Property or other material impairment of Lender's interest in the Property Dr rights nnder this Security Instrument. The proceeds of lUlyaward or claim for damages that.are lIttributable to the impairment of Lender's interest in the Property .are l1ereby .assigned lUld shall be paid to Lender. All Miscellaneous Proceeds that .are not lIpplied to restorlltion Dr repair of the Property shall be lipplied in the order provided for in Section 2. 002003531812 cD-6A(WY} (0005).01 (I) Page 9 of 15 InitialØJ ~.¿f Form 3D51 1/01 CitiMortgage 3.0.1.9 VI ¡-!,:"¡¡:j:I-~:'j¡.¡~t;ii ;1;, ~u'ilb~,h~.h'-~ ¡~:;~~~~t~~Zrli¡::;~ Cf·'·~'i~·iI".·j'f"·' , ,I.',.'. ~~~:~~I' "ï ~~ff~ :]~m~*;~~~ :1 >:t, '-<:~·:!¡~~.:&o:.~r.~¡~.;.· ·:~r"'¡';;¡!;";~~:,)';""'_+.~E,.".,.::;:r¡.i _.-..:';'--'."'~' .__ ......e,. 'r.;1.·'''~;¡:i::·'r'.:: ·..·.:;~I:.~.~~.·,¡·..':;· r'. :·':r-:.·;:~~'~:t¡,j,0;:'>-_~';I;1~~r.i:.4"., ;~_-.L·""'r':·; ··",~,·-!·¡;!··'¡Jh :. :";';C:;·:,;',:-.' C00284 03l8ð.c'~: ,..uu 12. :Borrower Not Released; Forbeauncc:By Lœder Not .a WAiver. Extension of the tlme for payment or modification of ænortization of the sums se¡:ured by this Security Instrument granted by Lender to Borrower or mIY Suc,cessor 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 tlme for payment or otherwise modify .amortization of the sums secured by this Security Instrument by reason of mIY demand made by the original Borrower or any Successors in Interest of Borrower. Ar¡y forbearance by Lender in exercising mIY right or remedy including, without limitation, Lender's <1cceptance of payments from third persons, f!Jltities or Successors in Interest of Borrower or in ænowlts less than the ænount then due. shall.not be a waiver of or preclude the exercise of mIY right or remedy. 13. Joint .and Sever.al Liability; Co-signers; Successors.and Assi~ :BoUIld. Borrower covenants mId <1grees that Borrower's obligations .and liability lihall be joint mId several. However. mIY 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: mId (c) .agrees that Lender mId mIY other Borrower can .agree to extend, modify. forbear or .make mIY .accommodations with regard to the terms of this Security lnstrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, mIY Successor in Interest of Borrower who .assumes Borrower's obligations under this Security lnstrument in writing. mId is .approved by Lender, shall obtain .all of Borrower's rights mId benefits under this Security Instrument. Borrower shall .not be released from Borrower's obligations mId liability under this Security lnstrument unless Lender .agrees 10 such release in writing. The covenants and .agreements of this Security Instrument shall bind (except.as provided in Section 20) mId benefit the successors and .assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for liervices performed in connection with .Borrower's def.ault, for the purpose of protecting Lender's interest in the Property mId rights under this Security lnstrument, including, but .not limited to, .attorneys' fees, property inspection.and vIDuation fees. In regard to mIY other fees, the 1llsence of f!XJIress <1uthority in this Security lnstrument 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 Me f!XJIressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to <1 law which sets maximum Joan charges, mId that Jaw is 1ìnally interpreted so that the interest or other loan charges collected or to bi! collected in connection with the Loan f!Xceed the permitted limits. then: (a) mIY such loan charge shall be reduced by the ænount .necessary to reduœ the charge to the permitted limit: and (b) any sums .already £ollected from Borrower which f!Xceeded permitted limits will be refunded to Borrower. Lender may choose to 1illlke this refund by reducing the principal owed under the Note or by maldng .a direct payment to Borrower. If a refund reduces principal. the reduction will be treated .as .a partial prepayment without any prepayment charge (whether or .not <1 prepayment charge is provided for under the Note). Borrower's acceptance of mIY such refund made by direct payment to Borrower will £onstitute ~ 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 fust class mail or when <1ctually 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 <1 substitute .notice .address by .notice to Lender. Borrower shall promptly 1l0tify Lender of Borrower's change of <1ddress. If Lender specifies a procedure for reporting Borrower's change of .address. then Borrower .shall only report <1 change of .address through that specified procedure. There may be only one designated .notice .address under this Security Instrument .at mIY one time. Any .notice to Lf!Jlder shall be given by delivering it or by mailing it by fust class mail to Lender's .address stated herein unless Lender has designated mIother .address by .notice to Borrower. Any .notice in connection with this Security lnstrument shall .not be deemed to .have been given to Lender until .actually received by Lender. If mIY .notice required by this Security Instrument is .also required under Applicable Law. the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. _k-IJ ~ 002003531812 Initial~ ~ _~A(WY)(OO05).O' P"gel0"f15 FDrm:3051 1/01 @ CltiMol1gage 3,0.1.9 V1 ';¡; ;!~~f:':.;':!: ~;¡~~·P:J\! .., ":,,,;,,·:,i:';';:';. .;; ,. , ·"*,"~i· . "':.j':~:I:';':!':':'~¡':'· .. . ~?~'1"f~~~~.Ir::~! '.:;'¡. ,:>:' $. \ ; ,;'. ',: :;~:,. . ! ;:' ~:I': ~~; ;~'!.7 ~).~".~.~-: ,.,:;.:,;, .:'~:~.:'~.:;.:.; ('0' r.~"8- '-' tJrt:.',~ !r&¡r..Àl~-' ,.., ....;-...1, dc¡t-~ii.:· " '-óI \JI 16. Governing Law; Severability; Rules of Construction. T.his Security lnstrument shaU be governed by federal law .and the law of the jurisdictio~ in w.hich the Property is located. AlJ rights .and obligations contained in this Security 'lnstrument Me' subject to .any requirements .and limitations of Applicable Law. Applicable Law DÚght ~xplicitly or implicitly lÙlow the parties to ligree by contrlict or it .might be silent, but such silence shall not be construed AS li prohibition ligains( ligreement by contrliCt. In the ~vent that .any provision or cl1iuse of this Security lnstrument or the Note conflicts with Applicable Law. such conflict shaIJ .not .affect other provisions of this Security lnstrument or the Note w.hich can be given effect without the conflicting provision. ' As used ID this Security lnstrument: (a) words Df the masculine gender shaII mean .and include corresponding .neuter words or words of the feminine gender; (b) words in the singular shaII mean .and include the plural .and vice versa; .and (c) the word "may" gives sole discretion without .any obligation to lake any liction. 17. .Borrower'.s Copy. .Borrower shaIJ be given one copy of the Note.and of this Security lnstrument. 18. Tx.ansfer of 1he .Property or .a .Beneficial lnterest :in .Borrower. As used ID this Section 18, ''Interest ID the Property" means.any legal or beneficial IDterest in the Property, IDcluding. but .not limited to, those beneficial interests transferred in li bond for deed. contrlict for deed, installment sales contrlict or escrow ligreement, the intent of which is the transfer of title by Borrower at a future date to li purchaser. IflÙl or .any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is no( li natural person.and li beneficial interest in .Borrower is sold or transferred) without Lender's prior written consent. Lender may require immediate payment in full of 1ill sums secured by this Security lnstrument. However, this option shaII not be exerciSed by Lender if such exerciSe is prohibited by Applicable Law. If Lender exerciSes this option. Lender shaIJ give .Borrower notice of licce1erlition. T.he notice shaII provide li period of not less than 30 days from the date the notice is given ID liccordance with Section 15 within w.hich .Borrower must pay .all sums secured by this Security lnstrument. If .Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke .any remedies pennitted by this .security lnstrument without further notice or demand on.Borrower. 19. .Borrower's Right 10 Reinstate After Acceler.ation. 1f Borrower meets certain conditions, .Borrower .shall .have the right to .have worcement of this Security lnstrument discontinued lit .anytime ]>rior to the 'faTliest of: (a) Î1ve days before sale of the Property pursuant to .any power of sale contained in this Security lnstrument; (b) such other period .as Applicable Law DÚght specify for the termination of .Borrower's right to reinstate; or (c) entry of li judgment enforcing this Security lnstrument. Those conditions Me that .Borrower: (a) pays Lender lÙl sums which then would be due under this Security lnstrument lIDd the Note AS if.no licce1eTlition.had occurred; (b) cures.any .default of .any other covenants or ligreements; (c) pays lÙl expenses incurred in enforcing this Security lnstrument, including. but not limited to, reasonable littorneys' fees. property inspection .and valuation fees, .and other fees incurred for the ]>urpose of protecting Lender's interest in the Property .and rights under this Security lnstrument; .and (d) lakes such liction .as Lender may reasonably require to ASsure that Lender's interest in the .Property .and rights under this Security Instrument. .and Borrower's Qbligation to pay the sums secured by this Security lnstrument. shaIIcontinue 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 dr11WD upon .an institution whose deposits Me insured by li federal ligency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by .Borrower. this .security lnstrument .and obligations secured .hereby .shall remain fuUy effective .as if .no licceleration.had occurred. However, this right to reinstate shall not lipply ID the case of licce1eration under Section 18. 20. .sale of Nate; Change of Loan .servicer; Notice of Griev.ance. T.he Note or 11 partial inter~t in the Note (together with this Security lnstrument) .can be sold one or more times without prior notic~ to .Borrower. A sale might r~ult in 11 change in the entity (knoWD AS the "Loan Servicer") that collects Periodic Pliyments due under the Note .and this Security lnstrument .and performs other mortgage loan .servicing obligations under the Note, this Security lnstrument. .and Applicable Law. T.heœ.also might be one or moœ changes of the Loan 5ervicer unrelated to li sale of the Note. If there is li change of the loan Servicer. .Borrower will be given written notice of the change w.hich will state the .name .and liddress of the .new Lo.an Servicer. the liddress to w.hich payments should be made .and .any other information RESPA Initial~J 002003531812 Q-6A(WY) (ODOS).01 C!> PAIge 11 .0",5 Form 2051 1/01 CltiMortgage 3.0.1.9 Vl ::;i~:!:i::~:¡:![:::( I·j·j'~·.'~.t.'o:.~~' :~if~~~i~~~¡m~¡¡! m~;¡~~m;iijl~j¡¡};i~ , ¡ ',1; . ~¡l.~ ;':.(.~i;:· .' , . . ;;: ( _-' ,.' .'?í':'·· "".' .~.";~~.-'~¡: " ·'~'~·:ofá.~t~.:.~¡~;::' ; -::, ,!:.~;lJ:ht~~g~:,.; (~.."::,' ~i':j~:·", '.";:.~ :';,:~:I~!,-:'- ~,~'.;;,.''', -~- .~;':~: I:~~" '.~":.. ':1';' ;", C00286 031S4hG requires in connection with II notice of transfer of servicing. Jf the Note .is sold .and thereafter the Loan js .serviced by II Loan ServicÐ' other than the purchaser qf the Note. the .mortgage loan servicing obligations to .Borrower will remain with the Loan Servicer or be transferred to II successor Loan Servicer.and .are not .assumed by the Note purchaser unless otherw.ise provided by the Note purchaser. Neither .Borrower nor Lender .may commence, join, or be joined to any judicial <iction (as -either .an individual litigant or the .member of a class) that arises from the other party's <ictions pursuant to this .security Jnstrument or that .alleges that the other party .has breached any provision of, or .any duty owed by reason of, this Security lnstrument, until such .Borrower or Lender lIas notified the other party (with such notice given .in compliance with the requirements of Section 15) of such .alleged breach.and lIfforded the other party hereto <ireasonable period lifter the giving of .such notice to take £arrective lIction. 1f Applicable Law provides <i time period which .must elapse before certain <iction can be taken. that time period will be deemed to be reasonable for purposes of this paragr<iph. The notice of acceleration .and opportunity to cure given to .Borrower pursuant to Section 22 .and the notice of lIcceleration given to .Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective lIction provisions of this Section 20. 21. Hazardous -Substances. As used .in this Section 21: (a) "Hazardous Substances" Me those .substances defmed .as toxic or .hazardous substances. pollutants. or wastes by Environmental Law.and the following substances: gasoline, .kerosene, other 11ammable or toxic petroleum products. toxic pesticides .and herbicides, volatile solvents, .materials containing .asbestos or fonnaIdehyde, .and radioactive .materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property .is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" .includes .any response lIction. remedial <iction. 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 .shallllOt awse or permit the presence, use, disposal, storage. or release of .any Hazardous Substances. or threaten to release .any Hazardous Substances, on or in the Property. .Borrower shall not do, nor .allow .anyone else to do, .anything lIffecting the Property (a) that.is in violation of .any Environmental Law. (b) wlrich creates .an Environmental Condition, or (c) which, due to the presence, llse. or release of <i lfazardous Substance, creates II condition that adversely lIffects the value of the Property. The preceding two sentences .shall not lIpply to the presence. use, ,or storage on the Property of smaIl quantities of lfazardous Substances that .are gener¿¡JJy recognized to be <ippropriate to llOnnaI 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 priv<ite party .involving the Property .and .any lfazardous Substance or Environmental Law of which .Borrower .has actual lmowledge. (b) any Environmental Condition. .including but not linúted 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 lfazardous Substance wlrich lIdversely lIffects the value of the Property. 1f ::Borrower learns, or .is notified by .any governmental or regulatory .authority. or.any private party. that.any removal or other remediation of .any lfazardous Substance lIffecting the Property is llec~sary , ::Borrower shall promptly take all necessary remedial lICtiOns jn .accordance with Environmental Law. Nothing herein shall create.any obligation on Lender for.an Environmental Cleanup. 002003531812 OCAJ-6A(WY) (0005).01 1'"'90 12 0115 Initial~ -'-7)1.£ Form ~051 1/01 CitiMortgage 3.0.1.9 V1 / · . ... . - ~ i ~ ~1~~;t;¡i.r¡~;'~ ;1 ¿: J:";~ r~ ~.~ rri'1:-ç:~ò\l~1r;Vf.l.:¿: ~'!i., i'~:; ·s'-:: :: .c-:: ~.' ;:.~:7.t:3::;y.~"'1~~.$'''~' '.' "'07 '.\(.:.to:~(.¡i~;.;.:I:':O-:... ,'-.- ,j_.I"·~~~"'-':~~~'þ>:t..:'!~V.·,~i"":': :..i....,;;i:¡~'O;¡O",..¡;i.;!i..::',:, ¡e:..,--, _ .':~';~;..'.". C00287 031 L'd.e ß ' <~ "' \Jú NON- ÙNIFORM COVENANTS. Borrower IDld Lender further covenant IDJd llgTee.as follows; 22. AcceJeration; :Ranedies. Lœder .shall give Jlotice 10 Borrower prior to AcceJeration following Borrower'.s breach of .any covenant or Agreement .in 1his Becurity lnstrument (but Jlot pr.ior 10 Acce1er Ation under .section 18 unless Applicable Law pr ovides otherwise). T.he Jlotice .shall.specify; (a) 1he Default; (b) the action required 10 cure the Default; (c) A .date, Jlot less than.30 days from the date the Jlotice .is given to Bouower, by which the Default must be cured;.and (d) that failure 10 cure the Default on or before the date .specified .in the Jlotice may result.in Acce1eution of the .sums .secured by this .security lnstrumcnt and .sale of the Property. T.he Jlotice .shall further .inform Borrower Df the right 10 reinstate After Acce1er ation and the Iight 10 br.ing a court Action 10 .assert 1he :non-existence Df .a Default or any other Defense of Borrower 10 .acce1cution and .sale.lfthe Default.is :not curedDIl or before the .date .specified..in 1he :notice, Lœder At its Dption :may require immediate paymœt ..in full of .all .sums .secured by 1his .security lnstrument without :further Demand .and may..invoke the power Df .sale .and .any Dther remedies permitted by Applicable Law. Lœder .shall be œtitled 10 collect .all expenses ..incurred.in pur suing the remedies pr ovided.in 1his .section 22, .including, but :not limited 10, uasonable .aUor:neys' í"ees and costs of title mdence. lfLœder .invokes the power .of.sale, Lœder..shall EÎVeJlotice .of..intent 10 foreclose 10 Borrower .and 10 1he person ..in pos8eSsiOJl of the Property, jf Mfferent, ..in Accordance with -Applicable Law. Lœder .shall give Jlotice of the.sale 10 Borrower ..in 1he:manner provided .in .section 15. Lœder .shall publish 1he Jlotice .of .sale, .and 1he Property .shall be .sold..in 1he.:manner prescribed by Applicable Law. Lœder or its Designee may purcl1ase 1he Property .at any.sale. T.heproceeds .ofthe.sale.shall be Applied .in the .following DrDer; (a) 10 .all expenses .of 1he .sale, ..including, but Jlot .limited 10, .reasonable .aUor:neys' fees; (b) 10 .all .sums secured by this .security lnstrument; .and (c).any accss 10 1he person or persons legally œtitled 10 it. 23. .Release. Upon payment of lÙl sums secured by this Security lnstroment, Lender shall release this Security lnstroment. 13orrower shall pay.any recordation costs. Lender may charge Borrower .a fee for releasing this Security lnstroment, but only if the fee is paid to .a third party for services rendered.and the charging of the fee is permitted llDder Applicable Law. .24. WAivers. 13orrower releases .and waives lÙl rights under .and by virtue Df the .homestead &emption laws of Wyoming. 002003531812 Q-6A(WY) (0005).01 @ PJlge 13 or 15 ,_,#£mJ. TDnn 3D51 1101 CillMortgage 3.0.1.9 VI ~::::~:I:i~~:j:::;:~ Ii:ili:~::':::;±::;~ ~:: ~~~~::im:~:i:: :·:~:·:!~:~ætj~:~j~; ~. 'i;ti';t;a;(i;;z';';.;i;'" ;':. ~ _ ','...:. .. '_¡'".;~-:'';':; .':" ~:,'~ :._ . ,....-;;-~;; " ,.,~., ,'. ,..,..;..-.;.;...;.....;!..... ·,:,·:;"::·j;.c~:·-· .... ',. ¡,. " ....' ¡:"~.' ';'. ": ':' .;. . , ; --.... '.. ':'¡ .....~. ....;. .. C00288 09:tS46tb; :BY SIGNING :BELOW, :Borrower .accepts .and .agrees to the tenns .and covenants contained in 1his Security lnstrument .and in .any Rider executed by :BQJTower .and recorded with jl. Wjtnesses: l !u&~L4; .Kenneth Eugene Simkin, .mdividually JIJld JiS Trustee of the .Kenneth E. .and .sheila M. Simkin Trust .Agreement Trust Jigrecmœt Jiated ::February 16, 2001, for the benefit Df.Kenneth Simkin. dJ/..,-/'>Y; ~) (Seal) -.Borrower .sheila Mae .simkin, .individually JIJld .as Trustee of the Kenneth .E. .and .sheila M. .simkin Trust Trust .agreement liated ::February 16. 2001, for the benefit of.Bhci1a Simkin. (Sign Original Only) 002003531812 ~A(WY) (0005).01 Page'" or 15 FDTm 3051 1/01 CitiMortgage 3.0.1.9 VI 1 -'~';'~i;I:'·'71·l:·: :':',', ':. :" .' '~'O:#.~..t:-'.'" ' " ¡:¡·'·I'I~~:t'L.~.~.·.'.· '··-~·":"';:';<"'~¡~J;·1<,'.!·;:';"+';"';J:;",:"",.. ...·'-n';:~.:.,.:I;'¡:.... . ", . .,,;.;.:.; .:.:¡~ rf\1!~89 ~... u '\) ... BTATE OF WYOMING, O'tJ:t !t..\1.tC'· ., '- <'"3... ~t~) ~ ¡j) a.La.tOunty.u: ~~~OWl~~nme1~;~ My Commission Expiœs: f· 2tR .. oj (Áhð- >1~ ANDREAPOTTE~. ,.. MOTARY PUBLIC , COUNTY OF .¡Ø' ofJI'., ; SW<:<:-n"ATJ:: )\' ij.. STATE OF .,. ' = IVV, ,..,R '.,;. .,. WYOMING "' MY COMMISSION EXPIRES APRIL26,200e Notary P11hlic 002003531812 .~-6A(WY) (0005).01 _~-J P"'! e 15 Df 15 FDrm 3051 1/01 CitiMortgage 3,0.1.9 VI F:¡:;:::;:t:;:~¡:;:i;': t::::;:~~~it:!:;t:~~: 0[-E~~ ;·.~~~~l:~t~~f;~ 'iMi"i!j~M;'SI~ ;I:..'i!i:~:.:,; ;~I:;~llli·~~,:r:!.¡~-!";i:!?!".-.'~~;fi:.." -~.~: "f:);!i~~t~~ .:'; '~ ¡'¡~¡!iS~l~~~' .~",'.. .:..-,...-;... SCHEDULE "A" .Borrower: Kenneth Eugene Simkin, .sheila Mae Simkin Property: 251 }TIT.T SIDE WAY, THAYNE. WY B3127 Loan No: 002003531812 Closing Date: May 8, 2006 .·,·...,~~-:..:,;¡ii-:.;.~I:,6':.!':.'·I.:.::..~"y·.-¡":·<.::: .sTAR V A.LLEY RANCH UNIT 13, LOT 76, TOWN.5HIP 35 RANGE 118, 532. SCHA - 02/2B/20OXitiMortgage 3.0.1.9 V1 CitiMortgage 3.0.1.9 V1 ;';-; ~,,,;.'~~I ,;,:1¡~..'!.''':; _,::,'.: ':. '.' ,'-. ;~..~;;.:~,:;:.'.: COfJ~90 o ~n j t..\i« fL' ,J.....c,::) o..UQ