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Home My WebLink About919332 . '''~~'T''''II'T'''''1r'''''''~~ ~ , ~j~;mm~!~~' tm,,~~;,;';'n;7,!m :';;''':t,,!,I,I.:,d,,!.I; c::Di;;;l[:;~ilJ:F¡;! 3'ð-ß ('OO"'j90 '.' \ ~ (.. Return To: FHHLC - POST CLOSING MAIL ROOM 1555 W. WALNUT HILL LN. #200 MC 6712 IRVING TX, 75038 1315 SOUTH HIGHWAY 89, SUITE 101 JACKSON, WY 83001 RECEIVED 6/14/2006 at 4:01 PM RECEIVING # 919332 BOOK: 623 PAGE: 290 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Prepared By: FIRST HORIZON HOME LOAN CORPORATION [Space Above TIlls Line For Recording Datal FHA Case No. State of Wyoming MORTGAGE 591-0986343-000 MIN 100085200580965616 ",/ THIS MORTGAGE ("Security Instrument") is given on June 5th, 2006 The Mortgagor is BRETT JENSEN, A MARRIED MAN ~ AND SUSAN R. JENSEN, WIFE ..; \¡ :c ("Borrower"). This Security Instrument is given to Mortgage Electronic Registration Systems, Inc. ("MERS "), (solely as nominee for Lender, as hereinafter defined, and Lender's successors and assigns), as mortgagee. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P,O, Box 2026, Flint, MI 48501-2026, tel. (888) 679·MERS, FIRST HORIZON HOME LOAN CORPORATION ("Lender") is organized and existing under the laws of THE STATE OF KANSAS has an address of 4000 Horizon Way Irving, Texas 75063 ONE HUNDRED FIFTY TWO THOUSAND , and . Borrower owes Lender the principal sum of TWO HUNDRED FIFTY & 00/100 Dollars (U.S. $ 152,250.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on Ju1 y 1 s t, 2036 , This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the perfonnance of Borrower's covenants and agreements under this Security Instnnnent and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and 0058096561 FHA Wyoming Mortgage with MERS - 4/96 ~-4N(WY) (0509) A]~e "2/01 , Page 1 of g Initials: VMP Mortgage Solutions, Inc. 11111111111111111111111111111111111 - ··--.·"'""·llll",.....'r'·'·....~· 091..9a32 (. 1"'\, 0 -,'" 9 1 t...U J(;.. assigns) and to the successors and assigns of MERS with power of sale, the following described property located in Lincoln County, Wyoming: All that tract or parcel of land as shown on Schedule "A" attached hereto which is incorporated herein and made a part hereof. Parcel ill Number: which has the address of AFTON 500 OUTFITTER ROAD [City], Wyoming 83110 [Street] [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees thatMERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record, Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonn covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note, 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include eitller: (i) a sum for tlle annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be detemlined by the Secretary, Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 use Section 2601 et seq, and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESP A"), except that the cushion or reserve permitted by RESP A for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. 0058096561 G-4N(WY) (0509) ® Page 2 of 9 ,o'''''~ i;~;t¡mI~~~~1¡¡mI1 - '''" ,O~ '" .. . "11" '~"-"'r"'~~' ~ i :¡!~¡;~~¡~~m~¡j~!I!J ',>,.. '.., "........~~.'. ',' <';' , .,', : "J.: " , '.'. '.....~..,............... .....,.,'" .. .,.', c. ': ,;,,',·,~.':~U'~ ",', ':¡.~; ::. :~o, _. . ,;: ':~, 'i~, ,'. . ,;, ;.¡ '..' , . ';' ;1; '.!.ol,:;· '.!.~ : ,~;!.,.,.:,¡.¡-.:.,.:,;.;.:.; .., ¡g-,.~) 091.9.JJ~ C00292 If the amounts held by Lender for Escrow Items exceed Úle amounts permitted to be held by RESPA, Lender shall account to Borrower for Úle excess funds as required by RESPA. If Úle amounts of funds held by Lender at any time are not sufficient to pay Úle Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as pemlitted by RESPA. The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited WiÚl Úle balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to Úle Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all installments for items (a), (b), and (c). 3. Application of Payments. All payments under paragraphs 1 and 2 shall be applied by Lender as follows: First, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by Úle Secretary instead of úle monthly mortgage insurance premium; Second, to any taxes, special assessments, leasehold payments or ground rents, and tire, flood and other hazard insurance premiums, as required; Third, to interest due under Úle Note; Fourth, to amortization of Úle principal of the Note; and Fifth, to late charges due under Úle Note, 4. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on Úle Property, wheÚler now in existence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender requires insurance, This insurance shall be maintained in Úle amounts and for the periods that Lender requires. Borrower shall also insure all improvements on the Property, wheÚler now in existence or subsequently erected, against loss by floods to Úle extent required by Úle Secretary, All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a fonn acceptable to, Lender, In Úle event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower, Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly, All or any part of the insurance proceeds may be applied by Lender, at its option, eiÚler (a) to úle reduction of Úle indebtedness under the Note and Úlis Security Instrwnent, first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment of principal, or (b) to Úle restoration or repair of the damaged Property. Any application of the proceeds to the principal shall not extend or postpone the due date of the monúlly payments which are referred to in paragraph 2, or change úle amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under Úle Note and this Security Instrument shall be paid to Úle entity legally entitled thereto. In úle event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to Úle purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use úle Property as Borrower's principal residence within sixty days after Úle execution of úlis Security Instrwnent (or wiÚlin sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after Úle date of occupancy, uIÙess Lender determines Úlat requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change Úle Property or allow Úle Property to deteriorate, reasonable wear and tear excepted, Lender may inspect Úle Property if Úle Property is vacant or abandoned or Úle loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower ~ -4N(WY) (0509) @ Pag. 3 of g ,,,,.,,t-20 :¡;¡¡¡¡~~ili~mi' . ....,:.,,;.:.'.:.;0;."..:.:,..., .,:, ,.." ,,'."',-.-; "".""" .v', ·;':o·j·.~.:rl:.·.:. . " -"':""',"',.,"'-' c'·;; c~ ~¡U 091.9-.) r :.... 0 Or,¡ 9 3 \.- U to' ,- shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate infornlation or statements to Lender (or failed to provide Lender with any material infonnation) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled tllereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all govermnental or municipal charges, fines and impositions that are not included in paragraph 2, Borrower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or tlle payments required by paragraph 2, or fails to perfoml any otller covenants and agreements contained in this Security Instrument, or there is a legal proceeding tllat may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and otller items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. These anlounts shall bear interest from tlle date of disbursement, at tlle Note rate, and at tlle option of Lender, shall be immediately due and payable, Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of tlle obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faitll the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines that any part of tlle Property is subject to a lien which may attain priority over tIlis Security Instrument, Lender may give Borrower a notice identifying tlle lien, Borrower shall satisfy tile lien or take one or more of tlle actions set fortIl above witIlin 10 days of tile giving of notice, 8. Fees. Lender may collect fees and charges authorized by tlle Secretary. 9. Grounds for Accelemtion of Debt. (a) Default. Lender may, except as limited by regulations issued by tlle Secretary, in tlle case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any montIl1y payment required by tllis Security Instrument prior to or on the due date of tile next montIl1y payment, or (ii) Borrower defaults by failing, for a period of tllirty days, to perfoml any other obligations contained in this Security Instrument. . (b) Sale '''ithout Credit Approval. Lender shall, if pernlitted by applicable law (including Section 341 (d) of the Garn-St. Gernlain Depository Institutions Act of 1982,12 U.S.C.170lj-3(d)) and witIl tile prior approval of the Secretary, require immediate payment in full of all sums secured by tIlis Security Instrument if: S-4N(WY) (0509) @ Page 4 of 9 '""'.,,~ [j~:¡!jmm ..,. ........,~ .w....o.:.bii!..." J.: ,_ ,_^ ·"~~<·1~··"111I"1:· "'17',."",.., ..,.,-......-,-,..-"...'0:.,.-'", , 09193:12 r'''''O'' 94 ~'-' u ¿ '- (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (oilier ilian by devise or descent). and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or ilie purchaser or grantee does so occupy ilie Property but his or her credit has not been approved in accordance with ilie requirements of the Secretary, (c) No 'Vaiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights wiili respect to subsequent events, (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in ilie case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not auiliorize acceleration or foreclosure if not pemlitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and ilie Note are not detemlined to be eligible for insurance under the National Housing Act within 60 days from ilie date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any auiliorized agent of ilie Secretary dated subsequent to 60 days from Ùle date hereof, declining to insure ùlis Security Instrument and ùle Note, shall be deemed conclusive proof of such ineligibility, Notwiùlstanding the foregoing, ùlis option may not be exercised by Lender when ùle unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to ilie Secretary, 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an anlount due under ilie Note or iliis Security Instrument. This right applies even after foreclosure proceedings are instituted, To reinstate ilie Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to Ùle extent they are obligations of Borrower under iliis Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated Witil tile foreclosure proceeding, Upon reinstatement by Borrower, ùlis Security Instrument and Ùle obligations iliat it secures shall remain in effect as if Lender had not required inlluediate payment in full. However, Lender is not required to pennit reinstatement if: (i) Lender has accepted reinstatement after ùle commencement of foreclosure proceedings wiiliin two years immediately preceding ilie commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in ilie future, or (iii) reinstatement will adversely affect ilie priority of ilie lien created by ùlis Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a 'Vaiver. Extension of ùle time of payment or modification of amortization of tile sums secured by iliis Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release tile liability of ilie original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or oùlerwise modify amortization of ilie sums secured by ùlis Security Instrument by reason of any demand made by Ùle original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude Ùle exercise of any right or remedy, 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers, The covenants and agreements of ùlis Security Instrument shall bind and benefit Ùle sucœssors and assigns of Lender and Borrower, subject to Ùle provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs iliis Security Instrument but does not execute the Note: (a) is co-signing tilis Security Instrument omy to mortgage, grant and convey tilat Borrower's interest in ùle Property under ùle temlS of ÙllS Security Instrument; (b) is not personally obligated to pay ilie sums secured by ùlis Security Instrument; and (c) agrees iliat Lender and any oÙler Borrower may agree to extend, modify, forbear or make any accommodations WÌÙl regard to ilie tenns of iliis Security Instrument or ùle Note WiÙlout Ùlat Borrower's consent. C-4N(WY) (OSOg) ® Page 5 of g '"'"'~ '"'-.""r"'·'·II!r~~· "''''T~'''''"~ ""'.;'''-'''<,^".'''..'''.-.'.';',~,.:.:, ,ee';,'.·'''','· _ ., .._,,;...,'.'...-.......,.. , .,,',"'."':~..',' '.',',' . o~:rl9:.:\a2 (' (I '1.-, 9 5 ".' ,) l: t.. · 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower desigmtes by notice to Lender, Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender desigmtes by notice to Borrower, Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located, In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision, To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one confonned copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law, The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nonl1a1 residential uses and to maintemnce of the Property, Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has attual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance Witll Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and radioactive materials, As used in tllis paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located tllat relate to healtll, safety or environmental protection, NON-UNIFORM COVENANTS. Borrower and Lender further covemnt and agree as follows: 17. Assignment of Rents. Borrower unconditiomlly assigns and transfers to Lender all tile rents and revenues of the Property. Borrower autllorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each temnt of the Property to pay tile rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additioml security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by tile Security Instrument; (b) Lender shall be entitled to collect and receive all of tile rents of the Property; and (c) each temnt of tile Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the temnt. Borrower has not executed any prior assigmllent of the rents and has not and will not perfonn any act tllat would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach, Any application of rents shall not cure Of waive any default or invalidate any otller right or remedy of Lender, This assigmnent of rents of the Property shall tennimte when the debt secured by the Security Instrument is paid in full. C-4N(WY) (0509) ® Page 6 of 9 '"""~ : ~~i~I~~¡~¡i~i¡~~i¡~j:: ~ i ···~'.'·"T'''··'lrr··''Tr~''Ir''~ ::~:::¡:~:;ill!:~ \ 'f!o:Ô~'~~I:I~':'~ . ""_;..".~.-,.,.',..,,... ".~ ,'..... C,· .c.·...;..·..,.·,··.····.,· O:::fl9:]:J¡2 (. " 0 .') 9 6 ,,,.' u '{...., 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses .incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law. Lender shall give notice of the sale to Borrower in the manner provided in paragraph 13. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by applicable law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.c. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument without charge to Borrower. Borrower shall pay any recordation costs, 20. ,,,raivers. Borrower waives all rights of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. 21. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. D Condominium Rider D Planned Unit Development Rider D D Growing Equity Rider Graduated Payment Rider D Other [specify] 0058096561 C-4N(WY) (0509) ® Page 7 of 9 ',','j',',',',',',','."',',"'".;"" '.'............".......... Ü9:1~.:KJ32 '''·-:~'tr~·-IIrr.' "''''r~''''"'- ("\(1, 97 .) (.: t.. \.. BY SIGNING BELOW, Borrower accepts and agrees to the tenus contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower 0058096561 G-4N(WY) (0509) ® Page 8 of 9 Jl~~lmfl~~~m¡IG ~~ (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower --'"F"'~"II"T' .,~,..c.....,~ ~"I ¡?~I~m& .. .~_...~_.......~..,,--.,..~-, "". ~>.-.~-....,,~~.-.,.~,",~- '.~.;-"~~'-" ..................', ..->~·.....,.h·.·"........,. .,..,.... ",~.~.. Oc..;¡ Q.....~....? . J~.,.J'.:M'jA....1J rn'''''','A8 '.' ,j l; I;' \1 STATE OF WYOMING, LINCOLN County 55: The foregoing instrument was acknowledged before me this 5th day of Jillle, 2006 by BRETT JENSEN AND SUSAN R. JENSEN My Conmlission Expires: 9-15-07 No~~kÆy~ GLORIA K. BYERS - NOTARY PUBLIC County of State of Uncol". , Wyoming My CommIssIon Expires Sept. 15, 2007 0058096561 .-4N(WY) (0509) @ Page 9 of 9 ~~ ~ O··-······'1Ir·':··-_,..,~.........'_ 0" G-'K o.~.r? J..fi~·'b,.3~~ (, ,.... r. ;,', l) 9 ;,. U U l..:J 0058096561 EXHIBIT "A" Portions of the Southeast Quarter of the Southwest Quarter and the Southwest Quarter of the Southeast Quarter of Section 6, Township 32 North, Range 118 West lying South from Grover, Lincoln County, Wyoming and being more particularly described as follows: Beginning at an Iron Pipe set at a point in an East-West fence line, said Point being 705.62 feet North 12°16'14" East, from a BLM type monument found marking the U.S. Department of the Interior-Bureau of Land Management 1981 location for the Quarter Corner between said Section 6 and Section 7 (114 S6/S7); thence North 88°58'13" West, along said fence, 182.57 feet to the center of the Upper Canal (no points set in canal bends); thence Northwesterly, along said canal the following courses: North 13°15'52" West 154.88 feet, North 7°45'09" West 115.64 feet, North 4°46'39" West 109.93 feet, North 1°00'15" East 141.97 feet, North 4°07'20" West 49.68 feet and North 17°30'55" East, 4.70 feet to an 8" Spike set in the center of a bridge in Outfitters Road; thence South 67°53'40" East, along said road, 79.61 feet to an Iron Pipe set; thence, continuing along said road, South 64°33' 11" East, 44.60 feet to an Iron Pipe set; thence South 13°44'59" East, 540.51 feet to the Point of Beginning. ;)~~~~~1~¡~~~m~