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Home My WebLink About919555 """~:.:r.'''...,;r"..·_-,t.>~:.>.'-'.....':'''u.¡oou.;:¡,·~..",~..··_· .~.'-:,~':::"',-- ".' . , ".,;..:t:.t;l:;¡r.,...:. ,. - ''''''.i!'~,._.....,..,.,....~...\ ~_"".',.',¡. ..,'",'~'" ,.<,,}~~,'.~,-';'''''~' '; ;....".".......,.,.... t,,-1 COP116 :Return To: fJRST JNTIRSTAìI BANK :P . O. BOX 40, CAS:PIR. WY B2602- 0040 1Tep.ared ~y: 1 YNN I. CLUTTER ¡space .Above ~ Line For .RecorrlingData] MORTGAGE RECEIVED £/2212006 Bt 9:40 AM RECEIVING# 919555 BOOK: 624 PAGE: 116 JEANNE WAGNER .LINCOLN COUNTY ClERK, KEMMERER. WY DEFINITIONS Words used .in :multiple ..sections of !his .dOCIJIDellt .are ~d below .md other words .are .defined ID Sections 3, 11, 13, 18,20.md 21. Certain TIlles Ieg.arding the:usage of words used.in!his dOCIJIDellt..are lÙSO pIOvided.in Section 16. (A) "Security 1nstrument" .means this .document, which is .dated J Un€ 13. 2006 together with.all Riders to !his .document. .. (B) '~OlTower" is GREGORY E. SEA Y D nd TI NA R. SEA y, -HUSBAND AND WIfE ~OITower is the J:I101"tgagor 1mder this Security 1nst:rument. (C) '~" is fJRST ] NTIRST AìI BANK lender is:a A CORPORATI ON organized .md exist:ing under:the laws of ST AìI Of MONTANA 47SEAYGREG WYOMING-Single FBmily-FmJDie MaelFreddie Mm: UNIFORM INSTRUMENT C-6(WY) (Oom;) k ~ "::::x7 Q _ f'age ~ of 15 MW D5IDO.01 InitiBls.: )J ~U c......-' 0- VMP MORTEAEE'FDRMS - (BOO)521-7.2!11 FDrm 3051 1/01 I.III~I~IIWII~IIDIIII ~:::~:::~~~:i*::a ~:':':~~~'~~.&:B ¡]i~æffi ··.·r.·".·.'.·.=.·.-.·;·r"r·T'·'· . ,. c -:-.~ I _""'-. .'. ,"-,-.-r4·.-a·.."'... ··i.....,·;·;·.,·",··. 0919555 000117 l£nder's.addressis PO BOX 11095. JACKSON. WY 83002 l£nder is the mortgagee 1U1der this Security .Instrument. (D) "Note":means the promissory note signed by Borroweund dated JUn€ 13. 2006 The Note states that Borrower owes Lender Two t1undred flfty Sl X Thousand and no/lOO Dollars (U.S. $256.000.00 ) plus interest. Borrower.has promised to pay this 1iebt inIegular .Periodic .Payments .and to pay the 1iebt in :full not later than J U l y 1. 2036 (E) ''Property'' :means ihe property that is 1ie.scribed below under the he::trlinz "Tnmsfer of Rights .in the .Property. " (F) ''Loan'' means the 1iebt evidenced by the Note, plus interest, .any prepayment cl1arges.and late cl1arges .due under the Note, .and lIll sums due under this Security .Instrument, plus interest. (G) "Riders":means lIll Riders to this Security lnstrument that.are executed by Borrower. The following Riders .are to be executed by Borrower I check box .as .applicable] : D Adjustable Rate Rider 0 Condnmininm Rider 0 Second Home Rider o Balloon Rider . D.planned Unit Development Rider D 1-4 F.amily Rider D VA Rider DBiweekly.PaymentRider D Other(s) Ispecify] (II) "Applicable Law" :means lIll controlling .applicable federal, state .and local ßtatUtes, Iegulations, ordinances .and 2dministrative rules .and orders (that .have the effect of law) .as well.as lIll.app1icable final, J1on-.appea1able judicial opinions. (I) "Cnmmnnity Association Dues, Fees, JU1d Assessments" :means all dues, :fees, .assessments .and other cl1arges that .are .imposed on Borrower or the .Property by .a condnmininm .association, homeowners .association or 5imilar orz::tni7::ttion. (J) ''Electronic Funds TrJUlSfer" :means .any tr.ansfer of :funds, other than .a transaction originated by check, dnrft, or similar paper instrument, which is initiated through .an electronic termin::tl, telephonic .instrument, computer, or.:magnetic Upe so.as to order, instruct, or .authorize .a fin::tn~i::tl institution to debit or credit .an .account. .such íerm includes, but is not limited to, point-of-.sale transfers, .automated teller :machine 1r.ansactions, transfers initiated by telephone, wire transfers, .and .automated de::tTinzhnuse tT::tni'ITer!!. (K) "Escrow Items " :means mose items that .are Iiescribed.in Section 3 . (L) "Miscellaneous Proceeds" :means .any compensation, settlement, .awm-d of damages, or proceeds paid by .any third pmy (other than insmance proceeds paid 1U1der the coverages described.in Section 5) for: (i) damage 10, or destruction of, ihe.Property; (ü) cnnrlemmtion or other taking of all or .any pm of the .Property; (ill) convey.ance.in lieu of cnnrlemn::ttion; or (iv) JDisrepresentations of, or omissions .as to, the v.alue .and/or condition of the .Property . (M) "Mortgage Insurance" :means insm.ance protecting lender .against !be nonpayment of, or 1iefault on, the Lam!. (N) "Periodic :F..ayment" :means the Iegularly scheduled lIIIlOunt .due for (i) principal.and interest 1U1der the Note, plus (ii).any.amounts 1U1der Section 3 of this Security Instrument. (0) ''RESPA'' :means the Real Estate Settlement .Procedures Act (12 U.S.C. Section260l et 1>eq.).and its .implementinz Iegulation, Regulation X (24 C.F.R. .Pm 3500), .as ihey might be ::tmenrled from :time to :time, or .any ::tncHtinn::t 1 or .successor legislation or Iegulation that governs the.same subject:matter. As med .in this Security 1nstrument, ".RESPA" refers to lIll Iequiremen1:s .and Iestrictions that.are :imposed .in Iegm-d to .a "federally Ieùlted mortgage 10m!" even if the Lam! does not llualify ..as.a "federally Ieùlted mortgage 10.an" 1U1der .RESPA. G-6(WYJ IDDDE) @ 'Page.2 Df 1 E 47SEAYGREG ... . ...-...'....,,-.......... 0919555 C00118 (P) "Successor in Interest of JlOITower" :tœaDS lInY pm1y that.has taJœn title to the Property, whether or not that pßrty .has .assumed Borrower']) ob1igarions 1U1der the Note lind/or this Security lnstrument. TRANSFER OF RIGHTS 1N THE PROPERTY This Security lnstrument secures to lender: (i) the repayment of the Lmm, .and .all rßIleWlÙS, extensions lInd :modifications of the Note; .and (ü) the performance of Borrower's coverumts .and .agr~mP.T1t~ 1U1der this .security lnstrument .and the Note. For this purpose, Borrower rloes l1ereby :mortgage, grant .and !:onvey to Lender lInd lender'.s successor.s lInd .assigns, with power of .sale, the following described property located in the COUNTY of llNCOl.N ]Type of .Recording Jurisdiction] {Nm¡e of .Recording Jurisdiction] lOT 58 Of REfS SUBD1V1S10N. UNCOl.N COUNTY. WYOMING. ACCORD1NG ìO ìt1Aì PlAì fll£D IN ìt1E OffJCE Of ìtŒ: llNCOl.N COUNTY CLERK. P.arœ]ID Number: 37182040100100 487 P1NE 51 ALP1NE CProperty Addrí$S n): which !:llIIßIltly .has the .addrí$S of TStreet] lCity] , Wyoming 83128 IZip Code] TOUbl1ifili WITH .all the improvements now or l1ereafter erected on the property, lInd .all -ea~F.mellt~, lIppurtenances, .and :fixtures now or l1ereafter .a part of the property, All replacements lInd ..additions .shall lÙSO be covered by this Security lnstrument. All of the foregoing .is referred to .in this .security lnstrument .as the nProperty. n BORROWER COVENANTS that Borrower is lawfully .seised of the -estate l1ereby !:onveyed lInd.has . the right to :mortgage, grant lInd !:onvey the Property .and that !he Property is unencumbered, except for ß11Cumbrances of rßCOrd. Borrower w.arran!s .and will rlefend gener.ally the title to the Property .agæns-r ..all .c1rims lInd ilF.m::111i1~, .subject to.any ß11C11mhT:mP.eS of record. THIS .sECURITY lNSTRUMENT !:ombines 1II1Ìfonn !:Overumts for national llSe .and non-1II1Ìfonn !:overumts with limited v.ariations by jurisdiction to !:onstirute .a 1II1Ìfonn .security .instrument !:Overing real :property . UNIFORM COVENANTS. Borrower lInd Lender !:Ovenant .and.agree .as follows: .1. P.ayment of llincipal, .Interest, .Escrow Items, Prepayment Charges, .and Late Charges. .:Borrower .shall :pay when .due the principal of, lInd .interest on, the .debt evidenced by the Note lInd lInY :prepayment rllarges lInd late rluirges .due 1111der the Note. Borrower .shall also pay funds for .Escrow Jtems pursuant to Section 3. P.ayments .due 1U1der the Note .and this .security lnstrument.shall be:made in U..s. <:urrency. However. if my rl1eck or other imtrument=ciwl by Lender .. m~;NO", or 1Iris 47SEA YGREG ,__ Initials G-6(WY) (ODDS) P.age 3 D11S FDrrn 3051 1/01 @ ¡:::~:::m:::::::~~~ . .:ce...:.!.,.') ;:::~:::~::::::;::;:: :~~::~*m:~:J::' .. ""---~'.'."'.""'-""". . ........_....-... - ~c:.~.~ 091.9~;¡.:J:;::J C00119 .security 1nstrument is returned to. Lender unpaid, Lender may require that.any or ß111>ubsequent payments due under the NDte ßDd this Security Instrument be made .in Dne or .mDre Df the fDllDwin.g forms, .as .selected by Lender: (a) cash; (b) .money Drder; (c) certified cl1eck, bID1k cl1eck, treasurer'£ cl1eck or !:aSbier'£ cl1eck, provided .any £uch check is dravm upon .an institution whDse depD£its .are insured by .a :fuderal.agency, instrumentality, Dr entity; or (d) ElectrDnic Funds Tr<m5Íer. Payments .are deemed received by Lender when received.at the IDcatiDn designated.in the NDte Dr .at 1>uch Dther IDcation.as may be rlp.~iJ:?lMp.d by Lender .in .accordance with the nDtice provisions .in Section 15. Lender may return .any payment Dr partial payment if the payment Dr partial payments .are insufficient to' bring the Lom current. Lender may .accept .any payment or partial payment insufficient to' bring the Lom .current, withDUt waiver Df .any :rights hereunder Dr prejudice to' its :rights to' refuse £uchpayment or partial payments .in the future, but Lender is nDt Dbligated to' .apply £uch payments .at the rime 1>uch pl1yments æ-e .accepted. 1f each PeriDdic Pl1yment is .applied .as Df its £cheduled due date, then Lender :need nDt pay interest on llIlapplied funds. Lender may hDld £uch llIlapplied funds untilBDrrDwer.ma1œs pl1yment to' bring the Lom current. 1f BDrrDwer dDes nDt do. £0. within .a reasonable periDd Df time, Lender .shall either .apply 1>uch funds Dr return them to' BDrrDwer. 1f nDt 1lpplied eæ-lier, 1>uch funds will be .applied to' the Dutstanding principal ba1.ance under the NDte immp.niMp.ly:priDr to' fDreclDsure. No. Dffset Dr claim w.hich BDrrDwer :might have now Dr.in the future .against Lender .shall rclieve BDrrDwer from making payments due under the NDte ßDd this Security Instrument or perfDrming the .cDvenants ßDd .agreements 1>ecured by this .security 1nstrument. 2. Application of Paymwts or Proceeds. .Except .as otherwise .described .in this Section 2, ßll payments .accepted ßDd .applied by Lender .shall be .applied .in the fDllDwing order of priority: (a) interest due under the NDte; (b) principal due under the Note; (c) .amDunts due under .section 3. .such pl1yments .shall be .applied to' each PeriDdicPl1yment.in the Drder .in which it became due. Any rp.m:¡ining .amDunts .shall be .applied:first to' late .charges, second to' .any Dther .amDunts due under this .security lnstrument, ßDd then to' reduce the princip1Ù ba1.ance Df the NDte. 1f Lender receives .a pl1yment from BorrDwer fDr .a delinquent PeriDdic Pl1yment which .include£ .a snffidp.nt .amDunt to' pl1Y .any late .charge due, the payment may be .applied to. the .delinquent pl1yment ßDd the late charge. 1f .more than one PeriDdic Pl1yment is DUtstanding, Lender may .apply .any payment received frDm BDrrDwer to. the repl1yment of the PeriDdic Pl1yments if, ßDd to. the extent that, each pl1yment .can be paid .in full. To. the extent that.any excess exists .after the payment is l1pplied to. the full payment Df one Dr Eore PeriDdic P.ayments, :SUCh excess may be .applied to. .any late charges due. V Dluntary prepayments .shall be .applied fu£t to. .any prepl1yment charges .and then .as described.in the N Dte. Any .application Df payments, insurance proceeds, Dr MisCell.aneDUS PrDceeds to' principaldne under the N Dte .shall nDt extend Dr pDstpone the due date, Dr chæ1ge the .amount, Df the PeriDdic Pl1yments. 3. .Funds for :Escrow Items. BDrrDwer shall pl1Y to' Lender on the ilily PeriDdic P.ayments .are due under the N Dte, until the N Dte is paid .in full, 11 sum (the "Funds") to' provide fDr pl1yment Df .amDunts due for: (11) taxes ßDd .assessments .and Dther items which .can .att1lÍn priDrity Dver this Security lnstrument.as .a lien or encumbnmce on the PrDPerty; (b) leasehDld pl1yments Dr grDund rents on the PrDperty, if .any; (c) pTP.111hlm~ fDr .any ßDd ßll insurmlCe required by Lender under Section 5; ßDd (d) MDrtgage lnsurmlCe pTp.milTm~, if .any, or.any sums payable by BDrrDwer to' Lender .in lieu of the payment of MDrtgage Insurance prP.111ilTm~ .in .accDrillmce with the provisions Df Section 10. These rtems .are .called "EscrDw 1tems." At nTÍ.vn:¡tion or .at.any rime during the term Df the Lom, Lender may require that Cnmmlmity AsSDciation Dues, Fees, .and Assp.~rn1p.nt~, if .any, be escrDwed by BDrrDwer, ßDd 1>uch dues,fees ßDd .asse~rn1p.nt~ shall be.an .Escrow Item. BDrrDwer shall promptly furnish to Lender ßll.nDtices Df .amDunts 10. be pßÏd under this Section. BDrrDwer .shall J>1ly Lender the Funds fDr EscrDw Items unless Lender wmves .:BDrrDwer'£ Dbligation 10. pl1Y the Funds fDr.any Dr ßll EscrDW Items. Lender may wmve BDrrDwer'£ Dbligation 10. pay to' lender Funds fDr .any or ßll.EscrDw 1tems .at .any rime. Any 1>uch wmver may ODly be ;7;:~~t event Df sucl1 WIDver. ÐDlTDwer 5Iuill pay Ærect1y, :]Ü;e pay<¡b1e, lbe lImDnnts G-6(¥fY) rOODS) ""g..4 of 1S ~051 1/01 @ ;.'" .....,.... ___..._.... .._. ~·.__·'_'W'____'¥._·'. ".'.'-.- ~ ... ,~_._..,. -.. -.--. . ...~~_.._.,.Þ'.._.__.._ 0919555 C00120 .due for .any Escrow Items for which payment of Funds.has been waived by.Lender .and, jf..Lender requires, .shall furnish 10.Lender receipts evidenp.inZ such payment within such time period.as Lender may reqIrin:. .Borrower's obligation to maJœ such payments .and to provide receipts .shall for.all purposes be deemed to be 4 covenant.and llgI"eement contained.in this Security lnstru:ment, .as the phr.ase "covenant.and 4gTeement" is used .in Section 9. If .Borrower is obligated to pay Escrow Items directly, pursuant to 4 waiver, .and .Borrower fails to pay the .anlOunt due for .an Escrow Item, .Lender may exercise its rights under Section 9 ..and pay .such .amount .and .Borrower .shall then be obligated under Section 9 to repay to lender .any .such ..amount. lender may revoke the waiver .as to .any or .all Escrow Items 1I.t .any time by 11. notice given .in .accordance with Section 15 .and, upon such revocation, .Borrower .shall pay to Lender.all Funds, .and.in such .amounts, that.are then required under this Section 3. Lender may , 1I.t .any time, collect .and .hold Funds in .an .amount (4) sufficient to permit Lender to llpply the Funds 111 the time specified under RESPA, .and (b) not to exceed the tmrximnm .amount 11. lender .can require under RESPA. ..Lender .shall £stll:nate the .amount of Funds due on the basis of current data .and reasonable estimates of expenditures of future Escrow Items or otherwise .in accordance with Applicable Law. The Funds .shall be .held in.an .institution whose deposits .are insured by 4 federal ß.gency, instrnment¡¡lity, or £Il1:ity (including Lender, jf lender is .an institution whose deposits .are so insured) or.in .any Federal Home Lo.an .Bank. Lender .shall.apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender.shall not clun"ge .Borrower for .holding .and .applying the Funds, .annually .analyzing the £scrow 1lCCOunt, or ver:ify.ing the Escrow Items, llIÙess lender pays .Borrower .interest on the Funds .and Applicable Law permits Lender to maJœ such 4 clun"ge. Unless.an 4gTeement is :made .in writing or Applicable Law requires .interest to be paid on the Funds, Lender .shall not be required to pay.Borrower .any.interest or eaI'Ilings on the Funds. .Borrower .and Lender .can 4gTee .in writing, .however, that .interest .shall be paid on the Funds. Lender .shall give to .Borrower, without clun"ge, .an .annual.accounting of the Funds .as required by RESPA. If there is 11. surplus of Funds.held .in -escrow, .as defined under RESPA, ..Lender .shall account to .Borrower for the excess funds.in accordmce with RESPA. lfthere is 4 shortage of Funds l1cld in -escrow, .as defined under RESPA, Lender .shall notify .Borrower .as required by RESPA, .and .Borrower .shall pay to Lender the ..amount neœ~~ary to:maJœ up the 5hortage.in accordance with RESPA, but.in no more than 11 .monthlYJmyments· lfthereis 11. ðefip.iençy of Funds held.in escrow,.as defined under RESPA,.Lender .shall .notify .Borrower .as required by RESPA, .and Borrower .shall pay to..Lender the .amount necessary to maJœ up the defip.ienp.y .in accordmce with RESPA, but in.no more than 11 mOIl!bly payments. Upon p1l.yment in:full of .all sums secured by this Security lnstru:ment, lender .shall promptly refund to .Borrower .any Funds.held by .Lender. 4. Charges; Liens. Borrower .shall pay .all taxes, .asse~rn1ent~, £barges, :fines, .and impositions 1I!tribntable to the Property which .can attain priority over this Security lnstru:ment, leasehold payments or ground rents on the Property, jf.any, .and Commnnity Association Dues, Fees, .and Assessments, jf .any. To the extent that these items .are Escrow Items, .Borrower .shall pay them in the .manner provided .in Section 3 . .Borrower .shall promptly discharge .any lien which .has priority over this Security lnstrument llIÙesS .Borrower: (4) 4gTees.in writing to the payment of the obligation secured by the lien.in 4.manner acceptable to Lender, but only so long .as .Borrower is performing such .agreement; (b) contests the lien .in good faith by, or defends llgaÍnst £Dforcement of the.lien .in, legal proceedings which in Lender's opinion operate to prevent the £Dforcement of the lien while those proœedings .are pending, but only until .such pIOCeedingS .are concluded; or (c) secures from the holder of the lien .an 4gTeement satisfactory to ..Lender subordin ::¡tin g the lien to this Security Instrument. If Lender deœmrines that .any pm of the Property is Bllbject to 11. lien which .can 1I!t3.in priority over this Security Instrument, Lender may give Borrower 4 notice identifying the G-6IWY) (0005) @ 'Page 5 of 15 ,"~ML~ TDrm3051 1'01 47 SEA YGREG r.EiliJ:~!t!:::::~~::¡:::;~ "1',11 t., .:-..!, ':' ~4 .A.l.J..a:t:!,,_. @mm;~ffii~ . ..... _4._..0..."· ...... . ·..4.&4.... ~,.~..~..... C00121 1.9 t:':' r·· ~". 09' ...1.1?~-.~ lien. Within 10 days of the date on which that notice is given, ]3orrower .shall Batisfy the lien or take one or .more of the ~tions set forth .above .in this Section 4. Lender .may require ]3orrower to pay a one-time charge for .a real estate tax verification .and/or reporting Bervlce used by Lender .in connection with this Loan. 3. .Property Insurance. ]3orrower .shall keep the improvements now existing or hereafter erected on the Property insured .against loss by fire, .hazards included within the tenD "extended coverage," .and.any other .hazards induiling, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance .shall be maintained in the .amounts (including deductible levels) .and for the periods that l..ender requires. What Lender requires pursuant to the preceding Bentences can r:hange .during the tenD of the Loan. The .insurance amier providing the insurance shall be chosen by Borrower Bubject to Lender's Tight to disapprove ]3orrower's choice, which Tight .shall not be exercised unreasonably. lender may require ]3orrower to pay, .in connection with this Loan, either: (a) a one-time charge for flood .zone 1letennination, certification.and tracking services; or (b) a one-rime charge for flood.zone detennination .and certification services and subsequent charges each time remappings or .similar r:hanges occur which reasonably might .affect such detennination or certification. Borrower shall .also be responsible for the payment of .any fees .:imposed by the Federal Emergency Management Agency .in connection with the review of .any flood:zone detennin ati on resulting from .an objection by Borrower. 1f Borrower fails to maintain .any of the coverages described .above, lender may obtain .insurance .coverage, .at lender'B option and Borrower's expense. Lender is under no obligation to purchase .any pmticular"type or.amount of coverage. Therefore, such mverage.shall cover Lender, but might or might not protect ]3orrower, Borrower' B equity .in the Property, or the contents of the Property, against .any :risk, .hazard or liability .and might provide greater or lesser coverage than was previously .in effect. Borrower .acknowledges that the .cost of the insurance coverage BO obtained might silllifir.antly exceed the cost of .insurance that Borrower could llave obtained. Any .amounts disbursed by Lender under this Section 5 .shall become .additional1lebt of Borrower Becured by this Security .Instrument. These .amounts .shall bear interest .at the Note r.ate from the date of disbursement.and .shall be pay.able, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender .and renewals of such policies ßhall be subject to lender'B Tight to disapprove such policies, shall include .a standard .mortgage clause, .and ßhall name lender .as .mortgagee .and/or .as .an .additi0na110ss payee. Lender .shallllave the Tight to .hold the policies .and renewal .certificates. 1f Lender requires, Borrower .shall promptly give to Lender l:Ùl receipts of paid premiums .and renew.a1 notices. 1f Borrower obtains .anyfonn of insurance coverage, not otherwise required by lender, for damage to, or destruction of, the Property, 1ìuch policy .shall include.a standard IDOrtgage clause and ßhall.name lender .as .mortgagee .and/or .as .an .additiona110ss payee. In the event of loss, Borrower shall give prompt notice to the .insurance .carrier .and lender. Lender .may:make proof of loss if not made promptly by Borrower. UJ1less lender .and Borrower otherwise .agree ..in writing, .any .insurance proceeds, whether or not the underlying insurance w.as required by lender, .shall be applied to restoration or repair of the Property, if the restor.ation or repaii is economically feasible .and lender's Becurity is not lessened. DUI:ing Buch repair .and restoration period, Lender .shallllave the right to .hold such .insurance proceeds 1JUtil Lender .has .had .an opportunity to inspect such Property to ensure the work.has been completed to lender's satisfaction, provided that such inspection shall be undertaken promptly. lender.may disburse proceeds for the repairs .and restoration .in a .single payment or .in a series of progress payments .as the work is completed. Unless.an .agreement is made .in writing or Applicable Law requires interest to be paid on such insurance proceeds, lender ßhall not be required to pay ]3orrower .any interest or -earnings on Buch proceeds. Fees for public .adjusters, or other third parties, retained by ]3orrower shall not be paid out of the insurance proceeds .and .shall be the 1ìole obligation of Borrower. 1f the restoration or repair is not economically feasible or Lender'1> security would be lessened, the insurance proceeds .shall be .applied to the 1ìUll1S secured by this Security Jnstrument~Whethe. ror not then due, with 47SEAYGREG Initials G-6IWYI (0005) Page S Df 15 TDrm 3051 1/01 @ .... . ~... ....--.......~....."'~...........-~.........~......."""""'='="'.-,-. ..-.-- ,.....~ . .."'............ . .,..,..,";-.-.. .-. OO~ <:u-·C'::·t- J .5.".::8 ,'.}.".} ,j C00122 1he excess, jf.any, :paid to Borrower. Such IDsUTImœ :proceeds .shall be .applied ID the order :provided for ID Section 2. If Borrower .abæ1dons the Property, Lender may file, negotiate æ1d .settle æy 2v.ailable IDsunmœ .cùrim æ1d Ttilirted .matters. If Borrower does not Tespond within 30 days to 2 notice from Lender that the .msunmce uurier .has offered to settle 2 .cùrim, then.Lender may negoti1te lUld settle the .cùrim. The 3D-day period will begin when the notice is given. In either -event, or if Lender .acquires the Property under Section 22 or otherwise, Borrower .hereby liSsigns to Lender (2) Borrower's rights to æy insunmce proœeds in .an .ænount not to exceed the .ænounts unpaid under the Note or this Security Instrument, lUld (b) æy other of Borrower'.s TIghts (other than the right to æy Tefund of llT1e:m1ed premil1m~ :paid by Borrower) under Ml IDsurIDlCe policies covering the Property, insofar liS such rights lITe .applicable to the .coven¡ge of the Property. .Lender may use the insunmce proceeds -either to repmr or Testore the Property or to P2Y .amounts unpmd under the Note or this Security Instrument, whether or not then due. 6. OCCUJUUlCY. Borrower .shall occupy, -establish, lUld use the Property liS Borrower'.s :princip<ù TßSidence within 60 days :after the execution of this Security Instnunent lUld .shall .continue to occupy 1he Property liS Borrower's principal residence for .at least one ye.Br :after the date of oCCUPIDlCY, rmless Lender otherwise .agrees in writing, which .consent .shall not be unreasonably wi1:hhe1d, or rmless -extP.T1l1¡¡tinz circumst.ances exist which lITe beyond Borrower'.s .control. ï. Preservation, Maintpnanre.and Protection of the Property; Inspections. Borrower .shall not destroy, dmnage or TInp1iir :the Property, Mlow the Property to rleteriorll1e or .commit WliSte on the Property. VJhether or not Borrower is residing in the Property, Borrower .shall m¡¡int¡¡in the Property ID order 10 prevent the Property from deterior<úing or decre<lSÍng in v.<Ùue due to its .condition. Unless it is rletemrined pursuant to Section :5 that Tepmr or Testor<ltÍon is not economic<ll1y feasible, Borrower .slWl promptly Tepmr the Property jf dmnaged to .avoid further rleterior<ltÍon or dmnage. 1f insurance or .conðemn¡¡tion proceeds lITe :paid ID .connection with dænage to, or the taking of, the Property, Borrower .slWl be responsible for:repairing or Testoring the Property only if Lender .has released proceeds for such purposes. .Lender may disburse proceeds for the Tepmrs lUld Testor<ltÍon in 2 single p2yment or in 2 .series of progress p2yments llS the work is .completed. 1f the insur.ance or .conrlemnMion proceeds lITe not .sufficient 10 Tepmr or Testore the Property, Borrower is not relieved of Borrower'.s oblig<ltÍon for:the .completion of such rep1iir or restor<ltÍon. Lender or its .agent may make reæ¡orulhle :entries upon lUld inspections of the Property. If it .has Teasonable cause, Lender may inspect the IDterior of the improvements on the Property. .Lender.slWl give Borrower notice 2t the time of or :prior to such .an interior .inspection specifying .such reasOillÙJle cause. 8. BOlTower's Loan Application. Borrower .shall be ID default n, during the Loæ2ppliC1ltion :process, Borrower or .any persons or entities .acting .at the direction of Borrower or with Borrower's Jrnowledge or .consent g2ve m¡¡ten¡¡lly false, :misleading, or inaccurate .infonnation or .st¡¡tement~ to.Lender (or :fuiled to provide .Lender with TIWeria1 Jnfonnation) in .connection with :the Loml. Mll1eria1 Tepresentations :include, but Me not limited to, Tepæsentations .concerning Borrower's oCCUPIDlCY of 1he Property liS Borrower'.s princip<ù TesÏdence. 9. Protection of Lender's Interest in the Property .and Rights Under this Security lnstrument. 1f (2) J3orrower fID1s to :perform the covenants lUld .agreemp.nt~ .cDIlliÙI1ed ID this Security Instrument, (b) there is .a leg<ù pro~.cIinz :thll1 JI1Íght signific.¡¡ntly 1Iffect Lender's interest ID the J>roperty lUld/or :rights under this Security Instrument (such liS 2 proceeding ID illmkruptcy, probate, for .conrlp.mn¡¡tion or forfeiture, for :enforcement of .a lien w.hich may 1Ittain priority over this Security Instnunent or to :enfor.ce laws or Tegubnions), or (c) Borrower .has .abæ1doned the Property, then.Lender may do lUld pay for whatever is TeasOillÙJle or .appropriate 10 protect Lender's interest ID the J>Ioperty lUld TIghts under this Security Instrument, including :protecting lUld/or liSsessing the vß.lue of the Property, lUld .securing .and/or Iep.aÏring the .Property. .Lender's .actions .can :include, but lITe not limited 10:· (2) :p2ying æy .sums secured by 2 lien which .has JlIÏority over this Security Instrument; (b) .appearing ID .court; lUld (c) :p2ying TeasOillÙJle :S:I:~œl _,." '"-~~3D51 1/01 @ '::*:~:r.~::~*:;!;: m:Z:~ll;~:i:¡ !~~;;t;;~:~~~:I'J ~...~~.-;,;~~.*.",-¡ ':t~~.~.::«!:¡:I:<: j .'. __""_'."'O':.-.:.o~''''''.''''''':':':<''':'~.:_~.-~''.~.~." .- .._~-, '''o.~' _,_<.-:....... ,,""'.T,:,",:.'.:._ . .' - -.' " -.... ~.. ',' .'.'- . "H..",~'1·''-''__''''''J.' '_.,,,. . CD0123 0919· I:.-'_.~ . d::.-?....j lIttomeys' fees to. protect its interest in the Property .and/ Dr rights under this Security lnstrument, including its secured pDsitiDn in .a bankruptcy proceeding. Securing the PrDperty includes, but is :nDt limited to., :entering the PrDperty tD.make repairs, change IDcks, replace or bDard up dDDrs .and windDWS, drain w.ater from pipes, -p.liminate building Dr Dther cDde viDlations Dr dangerous conditions, .and .have utilities turned on Dr Dff. AlthDugh.Lender may take 2Ction under :this SectiDn 9, .Lender dDes :nDt .have to' riD sO. .and is nDt 1ll1der lIDY riuty Dr Dbligation to' riD sO.. It is .agreed !hat Lender incurs no. liability fDr :nDt taking lIDY or .all .actions mnhDrized under this Section 9. Any .amDunts .disbursed by .Lender 1ll1der this SectiDn 9 shall become .additional debt Df BDrrDwer secured by this Security lnstrument. These .amDunts shall bear interest m: the NDte r4!e frDm the rla:te Df disbursement .and shall be payable, with such interest, upon nDtice from Lender to' BorrDwer requesting payment. If:this Security lnstrument is Dn a leasehDld, BDrrDwer shall cDmply with all the provisions Df the lease. If BDrrDwer .acquires fee title to' the PrDperty, the leasehDld .and the fee title shall nDt merge unless Lender .agrees to' the :merger in writing. 10. Mortgage Insurance. If.Lender required MDrtgage Insurmce as a cDnditiDn Df making the Loan, BDrrDwer shall pay the premiums required to' maintain the MDrtgage Insurance in effect. If, fDr lIDY reason, the MDrtgage Insurance cDverage required by.Lender ceases to' be available from the mDrtgage insurer that previDusly provided such insurmce and BDrrDwer was required to' make separ.ately designated payment:s tDward the premiums fDr MDrtgage Insurance, BorrDwer shall pay the premillID.S required tDDbtain L:Dverage substantially equivalent to' the MDrtgage Insurance previDusly in effect, .at a CDSt substantially equivalent 10. the CDst to' BorrDwer Df the Mortgage Insurance previDusly in effect, from lID alternate mDrtgage insurer selected by Lender. If substantially equivalent MDrtgage Insurance coverage is nDt .available, BDrrDwer shall L:ontinue to' pay to. .Lender the .amDunt Df the separ4!ely rle~iznated payment:s that were due when the insurance L:DVerage ceased to. be in effect. Lender will .accept, use .and retain these payment:s .as a :nDn-refundable IDSS reserve in lieu Df MDrtgage Insurance. Such IDSS reserve shall be :non-refundable, no.twithstanding the fact !hat the Loan is ultimately paid in full, .and.Lender shall nDt be required to. pay BDrrDwer lIDY interest or earnings on such IDSS reserve. .Lender L:an no. IDnger require IDSS reserve payments if MDrtgage Insurance cDverage (in the .amDunt .and fDr the periDd that Lender requires) provided by lID insurer selected by .Lender again becDmes available, is Dbtained, .and Lender requires separ4!ely rlesignated payment:s tDward the premiums fDr Mo.rtgage Insurance. If Lender required MDrtgage Insurance .as.a CDndition Df making the Loan .and BDrrDwer was required to. make separ4!ely designated payments tDward the pr-p.millm~ fDr MDrtgage Insurance, BDrrDwer shall pay the prfflT1illm~ required to. maintain MDrtgage Insurmce in effect, Dr to' provide a non-refundable IDSS reserve, until .Lender's requirement fDr MDrtgage Insurance ends in 2CcDrdance with .any \Witten .agreement between BDrrDwer .and Lender providing fDr such terminatiDn Dr until terminatiDn is required by Applicable Law. NDthing in this Section 10 affects BorrDwer'S DbligatiDn to. pay interest.at the r4!e provided in the NDte. MDrtgage Insurance reimburses .Lender (Dr lIDY entity that purchases the NDte) fDr œrtain IDsses it may incur if BDrrDwer dDes nDt repay the Loan .as .agreed. BDrrDwer is nDt a party to' the Mortgage Insurance. MDrtgage insurers evaluate their tDtal risk on all such insurance in fDrce from time to' time, .and may enter intO. .agreements with Dther parties that Bhare or mDdify their risk, or reduce IDsses. These .agreements .are on tenns .and conditions that .are satisfactDry to' the mortgage insurer .and the Dther party (or parties) to' these .agreements. These .agreements may require the mDrtgage insurer to' make payments using lIDY SDurce Df funds !hat the mDrtgage insurer may.have available (which may include funrls Dbtained from MDrtgage Insurance premil1m~). As a result Df these .agreements, Lender, lIDY purchaser Df the NDte, lIDo.ther insurer, lIDY reinsurer, .any Dther entity, Dr lIDY affiliate Df lIDY Dfthe fDregDing, may receive (directly Dr indirectly) .amDuntS that rlerive from (or might be mar2Cterized .as) a PDrtion Df BDrrDwer's payments fDr MDrtgage Insurmce, in -p.xr.hanfe fDr sharing or modifying the mDrtgage insurer's risk, Dr reducing IDsses. If such .agreement provides that lID affiliat~ Df .Lender takes a Bhare Df the insurer's risk in exchange fDr a .share Df the :premil1m~ pMd to' the insurer, the arrJillgement is Dften termed "L:aptive reinsurance." Further: (a) Any Buch .agreements will .not .affect the JUllounts that BOlTower .has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will .not increase the JUllount BOlTower will owe for Mortgage Insurance, .and they will.not entitle BOIr~~er ~o..... .a:~efund. 47 SEA y GREG Inltla~ C-6IWYI (ODDS) l'ageB of 15 TDrm 3051 1/01 (!) ~v ü91.9~i55 000124 (b) Äny such .agreements will.not.affect the rights Borrower.has - if JUly - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or JUly other law. These rights may include the right to reœive certain disclosures, to request JUld obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated Jlutomatically, JUld/or to receive Jl refund of JUly Mortgage Insurance preminm~ that were llDeJUDed Jlt the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneaus FIaceeds lire .hereby .assigned to. lUld.shall be paid to. Lender . If the FIaperty is damaged, such Miscellaneaus FIaceeds .shall be .applied to. restanrtian ar repair af :the Praperty, jf:the restoræ:ian ar repair is economically feasible lUld Lender's Becurity is nat lessened. During Buch repair lUld restanltion periad, Lender .shall have :the right to. hald such Miscellimeaus Praceeds llI11i1 Lender .has had.an appartunity to. .inspect Buch Praperty to. ensure :the wark.has been completed to. Lender'B Batisfaction, provided that such .inspection.shall be llI1dertaken promptly. Lender .may pay far !he repairs lUld restoræ:ion in .a single disbursement ar in .a Benes af progress payments .as :the work is completed. Unless.an .agreement is made in writing ar Applicable Law requires interest to. be paid on such Miscellaneaus FIaceeds, Lender .shall nat be required to. pay .Barrawer .any.interest ar earnings an .such MisC'.P.l1 ;meaus FIaceeds. If:the restoræ:ion ar Tepair is nat economically feasible ar Lender's Becurity wauld be lessened, the Miscellaneaus FIaceeds .shall be .applied to. !he Bums Becured by this Security lnstrument, whether ar nat then Due, with :the excess, jf .any, paid to. .Barrawer. Such Miscellaneaus FIaceeds.shall be .applied in the arder provided far in Sectian 2. .In :the event af .a tatal taking, destruction, ar lass in value af!he FIaperty, :the Miscellaneous FIoceeds .shall be .applied to. the Bums Becured by this Security lnstrument, whether or nat !hen due, with !he excess, jf.any, paid to. .Borrawer. .In :the event afa partial1aking, destructian, ar laBs in value af!he FIaperty in which the fair .market -v.alue af:the FIaperty immediately befare :the p1l11ia11aking, destruction, ar lass in v.alue is equal to. ar gre.ater than !he .amaunt af the sums Becured by this Security lnstrument immediately befare !he p1l11ia1 1aking, destruction, ar lass in value, llDless Barrawer lUld Lender atherwise ßgree in writing, the Bums .secured by this Security lnstrument .shall be Teduced by :the .amaunt af :the Miscellaneaus Proceeds .multiplied by :the fallawing fr.action: (a) !he tatal .amaunt af the Bums Becured .immediately befare !he partial 1aking, destruction, or lass in v.alue illvided by (b) !he. fair .market v.alue af !he FIaperty immediately befare the p1l11ia11aking, destruction, ar lass in value. Any balance.shall be paid to. Barrawer. .In :the event af .a p1l11ia11aking, destruction, . or lass in v.alue af the FIaperty in which the fair .market v.alue af the FIaperty immediately befare the p1l11ia11aking, destruction, ar lass in v.alue is less than !he .amaunt af:the Bums Becured .immediately befare:the p1l11ia1 taking, Destructian, ar lass 'in value, lmless .Borrawer lUld Lender atherwise ßgree in writing, :the Miscellaneaus FIaceeds .shall be .applied to. :the sums .secured by this Secmity lnstru:ment whether or nat:the Bums .are then due. If :the FIaperty is .abæu:loned by .Barrawer, ar if, .afternatice by Lender to. Barrawer that :the Opposing PlIrty (as defined in the next Bentence) affers ta.make .an .award to. Bettle .a claim far damages, Borrawer fails to. respond to. Lender within 30 days .after the .date !he natice is given, Lender is.autharized 1:0. collect lUld .apply :the Miscellaneaus FIaceeds either to. restanltion ar repair af the FIaperty ar to. :the Bums BecUTed by this Security 1nstrument, whether or nat then due. "Oppasing PlIrty" means the third party that awes Borrawer Miscellaneaus FIaceeds ar!he party 1Igainst wham Borrawer .has .a right af .action in regard to. Miscellaneaus FIaceeds. .Borrawer .shall be indefault jf .any .action or proceeding, Vlhether civil ar crimimll, is begun that, in Lender's jm1,VTIeT1t. cauld result in farfeiture af!he FIaperty or ather .material imp::tirmeT1t af Lender's interest in the FIaperty ar rights llI1der this Security Instrument. Barrawer c.an cure Buch .a default lUld, jf lICCeleræ:ion.has accurred, Teinst.ate .as provided in Section 19, by £.aUSing the .actian ar proceeding to. be dismissed with .a ruling that, in Lender's jl1d,VTIeT1t, precludes farfeiture af the FIaperty ar ather material ;1J1p::tiTITleT1! af Lender's interest in !he FIaperty ar rights under this Security lnstrument. The proceeds af .any .aw.ard or claim far damages that .are .attributable to. :the imp::tiTITleT1t af lender's interest in !he FIaperty lire .hereby .assigned lUld .shall be paid to. Lender . All Miscellaneaus FIaceeds that .are nat lll'plied to. restoræ:ion ar repair af theFIaperty .shall be .applied in !he order pravided far in Section 2. G-6(WY) (0005) @ f'Bge .9 of , 5 '"..~ . Form 3051 1/01 47SEAYGREG ¡¡~illmflillrl *::¡m:$.:*::i:~J j¿:im~å~~j ~]~~~~~~t~~if~~? .. c:' c··C' 091.9 ~]~1'~ rrOlf'5 ..." u . ¿ 12. BOlTower Not Released; Forbearance .By Lender Not .a W.aiver. Extension of the time for payment or modification of .amortization of the sums secured by this Security lnstrument ,gnmted by Lender to Borrower or any Successor in Interest of Borrower .shall not operate to release the liability of Borrower or any Successors in lnterest of Borrower. Lender .shall not be required to commence proceedings .against any Successor in Interest of Borrower or to Iefuse to extend time for payment or otherwise modify .amortization of the sums secured by this Security Instrument by reason of any rlern::mrl made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any TIght or Iemedy including, withont limitation, Lender's .acceptance of payments from third peISons, entities or Successors in lnterest of Borrower or in .amounts less than the .amount then due, .shall not be a waiver of or preclude the exercise of any right or Iemedy. 13. Joint.and Sever.al Liability; Co-signers; Successors .and Assigns Bound. Borrower covenants and .agrees that Borrower's obligations and liability .shall be joint and several. However, any Borrower who !:D-sigDS this Security lnstrument but does not execute the Note (a "co-signer"): (a) is !:D-signing this Security lnstrument only to Eortgage, grant and convey the cD-signer's interest in the Property under the terms of this Security lnstrument; (b) is not personally obligated to pay the 5l1II1S secured by this Security Instrument; .and (c) .agrees that Lender .and any other Borrower can .agree to extend, modify, forbear or make any.accommodations with Iegard to the terms of this Security lnstrument or the Note without the !:D-signer's !:onsent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who .assumes Borrower's obligations under this Security Instrument in writing, .and is approved by Lender, .shall obtain lIli of Borrower's rights and benefits under this Security 1nstrument. Borrower .shall not be Ieleased from .Borrower's obligations and liability under this Security Instrument unless Lender ..agrees to .such Ie1ease in writing. The covenants and .agreements of this Security lnstrument .shall bind (except .as provided in Section 20) and benefit the .successors .and.assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for .services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the .Property and TIghts llllder this Security lnstrument, including, but not limited to, .attorneys' fees, property inspection and valuation fees. 1n Iegard to any other fees, 1he .absence of express .authority in this Security Instrument to cl1arge .a .specific fee to Borrower .shall not be !:onstrued as .a prohibition on the cl1arging of such fee. Lender may not cl1arge fees that lITe expressly prohibited by this Security Jnstrument or by Applicable Law. If the Loan is subject 10.a law which sets milxirnnrn loan charges, .and that law is :finally inte:rpreted BO that the interest or other loan charges !:ollected or to be mllected in connection with the Loan exceed the pennitted limits, then: (.a) any such loan cl1arge .shall be Ieduced by the .amount necessary to reduce the cl1arge to the permitted limit; .and (b) any sums .already collected from Borrower which exceeded permitted .limits will be Iefunded to Borrower. Lender may moose to make this refund by Ieducin.g the principal owed under the Note or by making .a direct payment to Borrower. If a Iefund Ieduces principal, the Ieduction will be treated .as a partial prepayment without any prepayment cl1arge (whether or not a prepayment charge is provided for under the Note). Borrower's .acceptance of any .such Iefund made by .direct payment to Borrower will mnstitu!e .a waiver of any right of .action Borrower might .have .aris1ng out of.such overcharge. 15. Notices. All notices givèn by Borrower or Lender in connection with this Security lnstrument EllSt be in writing. Any notice to Borrower in !:onnection with this Security Instrument .shall be deemed to .have been given to Borrower when IDaÍled by :first class mail or when .actually delivered to Borrower's notice .address jf Bent by other means. Notice to any one Borrower .shall constitute notice to lIli Borrowers unless Applicable Law expressly Ieguires otherwise. The notice .address .shall be the PIOperty Address 1llÙeSS Borrower has designated .a substitute notice .address by notice to Lender. Borrower .shall promptly notify Lender of Borrower's cllange of .address. If Lender specifies a procedure for reporting Borrower's cllange of .address, then Borrower .shall only report a cllange of .address through that specified procedure. There may be only one designated notice .address under this Security lnstrument at anyone time. Any notice to Lender .shall be given by delivering it or by mailing it by:first class mail to Lender's address .stated .herein unless Lender .has designated another address by notice to Borrower. Any notice in !:onnection with this Security Instrument .shall not be deemed to have been given to Lender until .actually Ieceived by Lender. If any notice required by this Security Instrument is .also Iequired under Applicable Law, the Applicable Law Iequirement will .s.atis:fy the corresponding Iequirement under this Security lm=nt. ~ :~=~'" '''''' " . " '"~" , Fo~ 3D51 l1D' @ "., ~íì 0 /:- C" c.: o ~ .5....:JI ,.} .]1.....1' r ~ 01 r¡ 6·· ',.,.) I ~ 16. Governing Law; Severability; .Rules of Construction. Tbic; Security lnstrument .shall be governed by fedeI.allaw .and the law of the jurisdiction in which the Property .is located. All rights .and obligations contained in this Security lnstrument .are .subject to .any requITements .and limitations of Applicable Law. Applicable Law might explicitly or :implicitly .allow the parties to agree by contract or it .might be .silent, but .such .silence .shall not be construed lIS a prohibition .against agreement by L:on!ract. In the event that .any prov.ision or clause of this Security Instrument or the NoteL:onflicts with Applicable Law, .such L:on:t1ict .shall not .affect other provisions of this Security Instrument or the Note which £all be given effect without the con:fliL:ting provi.sion. As used in this Security Instrument: (a) words of the .masculine gender .shall .mean .and include wrresponding neuter words or words of the ffflTllnlnp. gender; (b) words in the Bingulæ- .shall .mean .and include the plural.and viœ ver.sa; .and (c) the word "may" gives .sole .discretion without .any obligation to 1ake .any action. 17. Borrower's Copy_ Borrower.shall be given one L:OPy of the Note.and of this Security Instrument. 18. Transfer of the .Property or a Bpnpfici~11nterest in Borrower. As used in this Section 18, ''lnterest.in the Property" .means .any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests tnmsferred in a bond for deed, L:on!ract for deed, installment 5ales contract or -escrow agreement, the intent of which .is the transfer of title by Borrower at a future 1late to a purchaser. If.all or .any part of the Property or .any.Interest in the Property .is .sold or transferred (or if Borrower is not a natur.al person.and a beneficial interest in Borrower .is sold or transferred) without Lender'.s prior written L:onsent, Lender may requITe :immediate payment in :full of .all sums .secured by this Security 1nstrument. Howev~, this option shall not be exercised by Lender if .such exercise .is prohibited by Applicable Law. If Lender exercises this option, Lender .shall give Borrower notice of acceleration. The notice .shall provide a period of not less than 30 days from the 1late the notice is given in accordance with Section 15 within which Borrower IDUSt pay .all sums .secured by this Security Instrument. 1f 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 dp.m:mrl onBorrower. 19. .Borrower's Right to Reinstate After AccelerAtion. Jf Borrower meets œrtain L:onditions, Borrower .shall .have the right to .have enforcement of this Security 1nstrument .discontinued at any time prior to the earliest of: (a) five days before 5ale of the Property pursuant to .any power of .s.ale L:ontained in this Security Instrument; (b) such other period lIS Applicable Law.might specify for the termln;:¡tion of Borrower's right to reinstate; or (c) entry of a jllrlZJT1P.nt . enforcing this Security Instrument. Those wnditions .ire that Borrower: (a) pays Lender .all .sums which then would be due under this Security Instrument.and the Note.as ifno acœleration.had oœurred; (b) L:ures any default of any other L:OVenants or agr~p.nts; (c) pay.s .all expenses incurred in .enforcing this Security Instrument, ;ndlJrlin Z, but not limited to, reasonable attomeys' fees, property inspection .and v.aluation fees, .and other fees incurred for the purpose of protecting Lender's mterest in the Property .and rights under this Security Instrument; and (d) 1akes .such action .as Lender may reasonably require to .assure that Lender's interest in the Property .and rights under this Security Instrument, .and Borrower'.s obligation to pay the sums .secured by this Security Instrument,.shall continue lmr.h:mzed. Lender may requITe that Borrower P1l.Y .such reinst¡¡temp.nt sums.and -expenses in one or :more of the fòllowing fmms, lIS .selected by Lender: (11.) cash; (b) money order; (c) .œrtified rl1eck, b1l11k check, treasurer's check or cashier's check, provided any .such rl1eck.is 1Îr1l.W11 upon an institution whose deposits .are insured by a federal .agency, instrumentality or entity; or (d) Electronic "Funds Transfer. Upon reinstatfflTlp.nt by Borrower, this Security Instrument.and obligations .secured .hereby .shall remain :fully dfective.as if no .acceleration.had occurred. However, this .right to reinstate .shall not .apply.in the L:ase of lICceler.ation under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a part:i.a1 interest.in the Note (together with this Security Instrument) £all be .sold one or more times without prior notice to .Borrower. A 5ale .might result in a change in the entity (known lIS the "La.an Servicer") that L:ollects Periodic Payments due under the Note .and this Security Instrument .and performs other mortgage loan .servicing obligæ:ions under the Note, this Security Instrument, .and Applic4ble Law. There also.might be one or more changes of the Lam Servicer unrelated to a .sale of the Note. If there is a change of the Loan Servker, Borrower will be given written notice of the change which will .state the name .and .address of the new Loan Servicer, the .address 10 which payments .should be.made.and any other wonnarion .RESPA :~,=:, _"m" '"·"~_3051 110' (!J ~~:;I~U~~iJJ~ w!¡i;r~~r:mm~~~!;i 1f~#~!~~t~£_:~ ::::::::::::;~~r~!;::¡ ~:~:::~:t;¡:i"~~:M~ . h .,___~~. "..~,._".. .'W·.. _ ~ . .......,.,...... . .__.....~""'"-'".....-_._.......~'. C" c::' .:.- 0'91.9,..}.:¡J....! C00127 reqillres in connection with .a natice af trm1Sfer af servicing. 1f the Nate is .saId Md thereafter the .Loan is .serviced by .a.Lrulll Servicer ather than the purchaser af the Nate, the martgage la<lIl .servicing abligations to. Barrawer will remain with the .Lo<lIl Servicer ar be tnmsferred ta.a .succe.ssor lo<lIl Servicer Md Me JlOt .assumed by the Nate purchaser unless atherwise provided by the Nate purchaser. Neither .Barrawer nar Lender may cmnm~nr.e, jain, or be jained to. <lIlY judicial .actian (.as either .an individuallitig<lIlt ar the :member af .a class) that .arises from the ather party'.s .actions pur.suant to. this Security lnstrument ar that .alleges that the ather party .has br~d.any provisian af, ar <lIlY duty awed by reason af, this Security lnstrumen1, until .such .Barrawer or l£nder .has notified the ather party (with.such natice given in compliance with the reqillrements af Sectian 15) af .such .alleged bre4Ch Md .affarded the ather party .hereto. .a reasonable periad 1Ifter the giving af .such natice to. take carrective 2Ction. If Applicable Law provides .a 1ime periad which must elapse befare certain .actian can be taken, that time periad will be Deemed to. be reasonable far purpases af this pMagraph. The natice af .acceleration Md appartunity 10. cure given to. .Barrawer pur.suant to. Section 22 .and the natice af 2Cceleration given to. .Barrawer pur.suant to. Section 18 .shall be Deemed to. .satisfy the natice Md appartunity to. take corrective .actian provisions afthis Sectian20. 21. Hazardous Substances. As liSed .in this Sectian 21: (.a) "Hazardaus Substance.s" Me thase .sub.stances defined.as taxic ar hazardaus .substances, pollutants, or wastes by Environm~nt~l Law.and the follawing .suhstances: gasoline, lœro.sene, ather fhmm~hle ar taxic petraleum products, taxic pe.sticides .and .herbicides, valatile .salvents, mMffÏ~ls cant~in;nl.asbestas ar faTT11~lòehyde, .and radia2Ctive :material.s; (b) "Enviranm~nt~ 1 Law" JTIeaTIS federal laws .and laws af the jurisdiction where the Praperty is lacated that relate to. health, .safety ar environm~nt~l protection; (c) "Environm~nt~l Oeanup" includes .any response .action, rfflT1~dial .action, or remav.a1.action, .as defined.in Environm~nt~l Law; .and (d).an "Environm~nt~l Condition" .means a condition that can cau.se, contribute 10., ar atherwise trigger .an Environm~ntal Oeanup. .Barrawer .shall nat cau.se ar pennit the pre.sence, use, .dispa.sal, .storage, or release af.any Hazardaus Sub.stances, ar threaten to. release .any Hazardaus Sub.stances, on ar .in the Praperty. .Barrawer .shall nat do., nar lillaw .anyone else to. .do., .anything .affecting the Praperty (.a) that is.in vialatian af.any EnvironmP.Tlt~l Law, (b) which ereaíe.s .an EnvironmP.Tlt~ 1 Condition, ar (c) which, due to. the presence, liSe, ar release af .a Hazar.daus Substance, creates .a .conditian that .adver.sely .affects the value af the Praperty. The preceding two. .sentences .shall nat .apply to. the presence, liSe, or .starage on the Praperty af .small quantities af Hazardaus Substances that .are generally recagnized to. be .appropriate to. narmal re.sidenria1 uses Md to. m~;ntP.Tl~nr.e afthe Praperty (including, but nat limited to., hazardaus .substances in consumer products). .Barrawer .shall promptly givé .Lender vmtten natice af (a).any .inve.stigatian, claim, ò~m~nò, lawsuit ar ather .action by .any gavernmP.Tlt~l ar regulatary .agency ar private party .invalving the Praperty .and.any Hazardaus Sub.stance or Enviranm~nt~l Law af which .Barrawer has actual knawledge, (b) .any EnvironmP.Tlt~l Condition, ;nr.ll1òing but nat limited to., .any .spilling, leaking, .discharge, release ar threat af release af .any Hazardaus Sub.stance, .and (c) .any .conditiancau.sed by the pre.sence, liSe ar release af .a Hazardaus Substance which .adver.sely .affects the v.a1ue af the Praperty. 1f .Barrawer learns, ar is natified by.any gavernm~ntal or regulatary .autharity, or .any private party, that.any remav.a1 or ather remediatian af .any Hazardaus Substance .affecting the Praperty is neces.sary, .Barrawer .shall promptly take .all nece.s.sary rfflT1~òi¡¡l .actions .in .accordæ1ce with EnvironmP.Tlt~l Law. Nathing herein .shall create .any abligation an Lender for .an EnvironmP.Tlt~l Oeanup. G-6(WYI (0005) @ Page 12 Df 15 ,"""J1l ~ fDrm 3051 1/01 47 SEA YGREG · _., ~ . ... . ..... 091.9S~j~j C00128 NON-UNIFORM COVENANTS. Borrower .and Lender further coverumt.and .agree.as follows: 22. AccelerAtion; Remedies. Lender shall give notice 10 BOlTower prior 10 JiccelerAtion following lJolTower's breJiCb of .any covenant or BgreeDlent .in this Seauity Instrument (but not prior 10 .BCœler11tion under Section 18 unless AppliæbleLaw provides otherwise). The notice shall specify: (11) the deûwlt; (b) the.action requireà to cure the deûwlt; (c) 11 date, .not less than 30 days from the date the .notice is given 10 BOlTower, by which the defuuJt JDIlSt be cureà; .and (d) that failure 10 cure the deûwlt on or before the date specifieà .in the notice may remIt .in .accelerAtion of the sums secureà by this Security lnstrnment .and we of the Property_The .notice 5balI further inform :BolTower of the right 10 reinstate 11fter .accelerAtion .and the right to bring 11 court .action 10 .assert the .non-existence of Ji rlefault or .any other defense of :BolTower to JiccelerAtion .and we. H the defuuJt is .not cureà on or before the date specifieà .in the .notice, Lender 11t its option may require immediate payment.in full of Jill sums secureà by 1his Seauity lnstrnment without further c!pmanil .and may .invoke the power of sale .and .any other remedies permitted by Appliæble Law. Lender .shall be entitled 10 collect Jill expenses IDCIlITeà.in pursuing the remedies provideà.in this Section 22, .including, but not Jimited to, reasonable 11ttorneys' fees .and costs of title evidence. 1f Lender .invokes the power of we, Lender .shall give .notice of intent 10 fortrlose 10 :BOITower .and 10 the person in possession of the Property, if different, .in JiCCOrdance with Appliæble Law. Lender .shall give .notice of the we to :BolTower .in the mannpr provided .in Section 15. Lender shall publish the .notice of we, .and the Property shall be sold .in the manner prescribeà by Applicable LBw - Lender or.iís rlesignee may purchase the Property Jit.any We. The proceeds of the we.shall be Jipplieà .in the following order: (11) 10 Jill expenses of the sale, including, but .not Jimited 10, reasonable 11ttorneys' fees; (b) 10.all sums secureà by 1his Seauity lnstrnment;.and (c).any excess to the person or persons legally mtitleà to it. 23. .Release. Upon payment of lIllsnms secured by :this Security 1nstmment, Lender shall release this Security 1nstrument. .:Borrower .shall pay æy recordation costs. Lender may charge .:Borrower a fee for r~l~:I~inZ this Security Instrument, but only jfthe fee is paid 10 a !bird party for services rendered .and the charging of the fee is pennitted under Applicable Law. 24. W.aivers. .:Borrower releases .and waives lIll TIghts 1II1der .and by virtue of the .homestead exemption laws ofWyomillg. G-6IWYJ (0005) @ Initials: f . rm 3051 1/01 47 SEA Y6REG Page 13 at 15 l"--l.'ir~t!.rlff8;;"; ~~~:::~~m~ :;;i~mm~~~m~~~¡~¡f ". "~'~:-=I:C':"¡:,;··'· ..,.;._. "r -' ··1·_':···~'· (;''',",-".,.. ..:...~...:.:.~._.:~,;, ." ,': .:."",;~:,.,-,:, ,;.:..;; ',', '.;~.":, r-' .',.:.', -0"-,'," . C00129 091.955S :BY SIGNING :BELOW, :Borrower liCCepts.and .agrees to the tenns m1d coverumts contained.:in this .security 1nstrument .and.:in 1IIlY Rider executed by :Borrower m1d Iecorded with it. Witnesses: (Seal) -.Borrower ~~ ,~ (SoM) R. SEA Y èJ-ow~ (Seal) -.Borrower (Seal) -.Borrower (.seal) -.Borrower (Seal) -.Borrower (Seal) -.Borrower (Seal) -.Borrower 47SEAYGREG G-6(¥fY) (00051 @ Page 14 of 15 FDrm 3051 1/01 ... ·- "''''."=·;~J!'"''''':l''':3.~'~'~''''''''.~'::',.;..,....,c """.......~,..._,',:_.~~",;._. . -' .....'1"......., " ,:.~ ',~,¡.~...~...~\Io:"'.-." ""';;',-.r.._~·",_:,?""",'~,!~,!"" r"""""-~"i' . ." '.-. , .' '~.'\·;'):"~'·i·:·.~.·.·:'·'-·. OG~¡¡9I:"'rr:.- .J.L "h:J...J 1"''"'00 ':.- :.í13 . STATE OF WYOMING, - UNCDLN Tdol-) County 55: The foregoinginst:rument w.as .acknowledged before IDe this by GREGORY I. SEAY i3nd TINA R. SEAY JUr1€ 13. 2006 My Commission Expires: G~ ~ßG~",- PATII B. PATTERSON - NOTARY PUBUC County Df State ?f 'Teton Wyoming My Commission Expires June 7.2008 Notary Public G-6(WY) (0005) @ Page 15 of 15 ,~~iL~51 1101 47SEAYGREG li1:*::::i!i:::~:::~~, :~i:·:·:;:!~~~::l~; f~if~~f~~~ > ~:h:!~b!ff~8-.