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HomeMy WebLinkAbout919587 . . RetumTo: Meridiiln ìrust F-eder.al Credit Union 2223 Warr-en Av-enue Cheyenne. WY 82001 Prepared .By: Meridi:an Trust F-eder.al Cr-edit Union 2223 Warr-en Avenue Cheyenne. WY 820Dl Ie.. COO¿11 RECEIVED £/22/2006 at4:15 PM RECEIV1NG# 919587 BOOK: 624 PAGE: 211 JEANNE WAGNER l.INCOLN COUNTY ClERK, KEMMERER, WY ISpace Âbove This Line For .Reconting Dm] 1.0211 Number: £2839.633 MORTGAGE DEFlNITIONS Words :used in ID11ltip]e 1>ections of 1his document lITe defined below .and other words lITe defined in .sections 3, 11,13, 18,20 .and 21. Certain rules regarding the llSa,ge of words llSed in 1his document lITe .a1soprovidedin.section 16. (Á) ".security Instrument" means 1his document, w1úch.is dated June D5. 2006 10gether wnh.all Riders 10 1his document. (B) "Borrower" is J:anell-e Rosendahl AND Berry Rosendahl, WIFI AND -HUSBAND .Borrower is 1he 1IlDI'tgagor under 1his Security 1nstrument. (C) "Lender".is Meridi:an Tr.ust F-eder.al Cr-edit Union .Lender .is .a organized.and -existing under the laws of WYOMING WYDMING-Single Family-:F.annie MaelFreddie Mac UNIFDRM JNSTRUMENT . -6(WY) (0005) @ Page 1 Df 15 ~A VMP MORTJ3AGEFORMS- (BOOI521-7.291 DD5-WY4 fDrm 3051 1/01 Im~IWI~III~II~IIß[[ ~[ / 1 091:.l587 000;;12 Len£ler'saddressis 2223 Warr-en Av-enue Chey-enne. WY 82001 Lender is the.mortgagee under this .security 1nstrument. (D) "Note" means the promissory note signed by :Borrower.and lliited June 05. 2006 The Note states that:Borrower owes Lender One tlundr-ed Twenty-Eight Thousand & 00/100 Dollars (D.S. $128,000.00 ) plus ID1erest. :Borrower .has promised to pay this .debt:in regular Periodic J>ayments.and to pay the.debt:infullnotlate'rthan July 01. 2036 (E) "Property" means the property that is .described below ll1lder the hp.llning; "Tr.ansfer of Rights :in the Property. " (F) ''Loan'':means the .debt :evidenced by the Note, plus :interest, .any prepayment 1:harges.and late1:harges 1lue ll1lder the Note, .and .all.sums due under this .security 1nstrument, plus ID1erest. (G) "Riders" means lillRiders to this Security lnstrument that .are executed by .:Borrower. The following 1liders .are to be:executed by :Borrower r check box AS llpplicable] : D Adjustable Rate Rider D Condomininm Rider D .second Home Rider D llilloonRider D J>lmmed Dnit Development Rider D 1-4.Fmnily Rider DVARider D:Biweek:1y Payment Rider D Other(s) {specify] (H) "Applicable Law" means .all controlling llpplicable fedenù, state .and loca.l .statutes, Iegulations, ordinances .and 1Idminist:rm:ive rules.and orders (that have the :effect of law) AS wel1liS lillllpplicable fúuù, .non-llppealable judicial opinions. (I) "Community Åssociation Dues, Ji'ees, .and Åssp.s!m1pnts" meanslill .dues, fees, ASsessments .and other 1:har~es that lire imposed on .:Borrower or the Property by .a condomininm liSSOCiation, .homeowners liSsoci.ation or.similar orZllnhMion. (J) "Electronic:Funds Tr.ansfer" means .any tr.ansfer of :funds, other than .a :t:ra.nsaction oTizjnlltp.dby .check, .dr.aft, or .similar paper :instrument, which is :initùúed through .an :electronic ternriruù, telephonic :instru.ment, .computer, or mIlZJ1f~tic tape so .as to order, :instruct, or lIllthorize a fimnd II 1 :institution to debit or credit .an .account. .such term :includes, but is not limited to, point-of-s.a1e tr.ansfers, )illtomated teller -mll~hinp. :t:ra.nsactions, :t:nmsfers :initùúed by telephone, wire tr.ansfers, .and lUltOIrulted clearinghouse 1T:m!ITt'TI':. (K) "Escrow.Items" means those items that .are .described :in .section 3. (L) ".Miscellaneous Proceeds" means .any compensation, BettlMnf!T1t, .award of .da:mages, or proceeds paid by .any third party (other than:insur.ance proceeds paid ll1lder the !:overages .described:in .section 3) for: (i) illnruIge to, or.destruction of, the Property; (ii) connMnnMion or other t.aking of .all or .any part of the Property; (ill) convey.ance:in]jeu of connMTlT1l1timi; or (iv) misrepresentations of, or omissions liS 10, the v..a1ue.md/or !:ondition of the Property. (M) "Mortgage Inslmmce" means :ÌIlSur2DCe protecting Lender .agIDnstthe nonpayment of, or .de:fuult on, the .Lo.an. (N) ''Periodic .PByment" means the regularly Bcheduled .amount.due for (i) princip.a1.and :interest under the Note, plus (ii).any.amounts ll1lder Section 3 of this Security Instrument. (0) '~Å" EeaDS the Re.a1 Estate Set1lementProcedures Act (12 D.S.C. .section2601 et .seq.).and its implMnf!T1ting; Iegulation, Regulation X (24 c.F.R. Part 3500), liS they.might be mT1f!T1np.d from rime to rime, or.any lIddition.a1 or .successor legislation or regulation that governs the .same Bubject matter. As llSed :in this .security 1nstmment, "RESPA" Ieters to lill requirements .and Iestrictions that lire .imposed :in Iegard to .a "feder..a1ly Idated :mortgage lrum" even .if the Loæ .does not qwùi:fy liS .a "feder..a1ly related .mortgage lrum" ll1lder RESPA. G-6IWYI (00051 @ DDS-WY4 Pßge2Df 15 '"~~ TDTm 3051 1/01 t:;.'- . ,." 091.9".JIb ". r· 1"\ 0 ,. 1 3 . . r ~ '.., u ~;. __ (P) "Successor in Interest of .Bon-ower" :means lII1Y pMty that .has taken title to the Property, whether or not that pMty.has .assumed Borrower's obligations under the Note .and/or this SeL:urity 1nstrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security 1nstrument J>ecures to Lender: (i) the Iepayment of the Loan,.and.all IeDewals, extensions.and modifications of the Note; .and (ii) the performance of Borrower's covenants .and llgIeements under this SeL:urity lnstrument .and the Note. For this purpose, Borrower .does .hereby .mortgage, grant .and .convey to Lender.and Lender's .sucœssors .and ß.SSÏgns, with power of we, the following .described property located ID the County of 1 incoln IType ofJœconlingJurisdiction] {Name of .Recording Jurisdiction] liGAL DESCRIPTION ATTACHED HERETO AND MADE A PART -HEREOf P.arcel ID Number: 1409 Coulson Av€. K€mmer€r ("Property Address"): which .currently.has the .address of [Street] [City] , Wyoming B3101 lZip Code] TOGbTHER WITR .all the jmprovements now or .hereafter -erected on the property, .and .all :easements, llJIPurtenances, .and fixtures now or .hereafter 11. J1ID1 of the property. All replacements .and .additions 5hall .also be .covered by this SeL:urity 1nstrument. All of the foregoing is referred to ID this Security Jnstrument .as the "Property. " BORROWER COVENANTS that Borrower is lawfully seised of the estate .hereby conveyed.and.has the Iight to :mortgage, Dant .and convey the Property .and that the Property is unencumbered, except for -ffl1~1IlT1hrances of record. Borrower warr.ants .and will .defend gener.ally the title to the Property ligainst .all claims.and d~:mr1", subjeL:t to lII1Y encllmhnm~es of Iecord. THIS SECURITY lNSTRUMENT combÚ1esnnifonn covenants for :national use .and non-unifonnc.covenants with Jb:nited variations by jurisdiction to .constitute a unifonn security instrument covering real property . UNIFORM COVENANTS. Borrower .and Lender covenant.and agree.as follows: 1. .Pllyment of Principal, lnterest, .Escrow Items, .Prepayment Charges, JlIld Late Charges. Borrower 5hall pay when due the principal of, .and :interest on, the debt evidenced by the Note.and lII1Y prepayment .charges .and late charges due under the Note. Borrower 5hall .also pay :funds for :Escrow Items pursuant to Section 3. Payments due under the Note.and this SeL:urity 1nstrument 5hall be made ID U.S. .currency. However, if lII1Y check or other instrument reL:eived by Lender .as payment under the Note or this G-6(WY) (oom;) Œ> =S-WY4 f>age 3 of l5 Initials: \..~ A Tnrm3051 1/01 / : :~~¡¡m¡¡¡~~;i~~~:. ;':~~];~1,;~ : ::::¡~t~¡~i¡~/ . ,'.. , i -~ \{"J '" q r::: 8·· .....;1 'i.J, 1....., L.... & ['f"\O"J!4 _, U· I') J '- ..- .security 1nstrument is returned to Lender unp11id, Lender:may require that lUly or lIli subsequent payments .due under the Note mul this Security 1nstrument be :made jn one or more of the following fonns, .as .selected by Lender: (11) !:aSh; (b) money order; (c) œrtified cl1eck, bßIlk cl1eck, treasurer's cl1eck or .cashier's check, provided MY such check is ml1wnllpon M institution w.hose .deposits Me .msured by 11 federlÙ .agency, instrumentality, or entity; or (d) Electronic Funds Tr1lIlSÍer. Pl1yments Me deemed received by.Lender w.hen received.at the 10C1ltimidesignated jn the Note or llt .such other location.as:may be designated by .Lender .in liCcorilllnce with the Jlotice provisions jn Section 15. Lender :may return lUly pl1yment or partùù payment jf the pl1yment or partùù payments Me .insufficient 10 bring the Lrum cuuent. Lender :may llCCept lUly payment or partùù payment .msuffidffllt 10 bring the Lrum !:uuent, without wæ.ver of lUly :rights .hereunder or prejudice to its :rights to refuse .such pl1yment or partùù payments jn the future, but Lender is Jlot obligated to llpply .such payments llt the time.such pl1yments Me llCCepted. 1£ each Periodic Pl1yment is llpplied .as of .its .scheduled due date, then Lender .need Jlot pl1Y .interest on unapplied funds. Lender :may .hold such :unapplied funds llD1il Borrower makes payment to bring the LaM !:uuent. If Borrower Does Jlot do .so within II reasonable period of time, .Lender.shall either .apply .such funds or return them 10 Borrower. 1£ Jlot .applied earlier, .such funds will be llpplied to the outstanding p:rinciplÙ bJilimce under the Note îmmf'ni:ltf'ly prior to foreclosure. No offset or claim which Borrower might .have now or .in the future .against Lender .shall relieve Borrower from :making payments due under the Note mul this Security 1nstrument or performing the covenants mul.agreements .secured by this .security lnstrument. 2. Application of .Payments or Proceeds. .Except .as otherwise 1lescribed jn this .section 2, lIli pl1yments lICCepted .and llpplied by Lender .shall bel1pplied .in the following order of priority: (11) .interest .due under the Note; (b) principlÙ due under the Note; (c) l!II1Ountsdue under Section 3. .such pl1yments .shall be 1!Pplied to each PeriodicPl1yment .in the order jn which it became Due. Any rem:lininr; .amounts .shall be .applied fust to late charges, .second to lUly other .amounts due under this Security 1nstrument, mul then to reduce the:principlÙ balance of the Note. 1f Lender receives 11 payment from Borrower for II .delinquent Periodic Pllyment which indllcle¡; II .suffid~nt .amount to pl1Y lUly late charge due, the pl1yment:may be .applied to the delinquent payment mul the late marge. 1f more than one Periodic Pllyment is outstanding, Lender:may .apply MY payment received from Borrower to the repayment of the Periodic Pl1ymen1s jf, .and to the extent that, each pl1yment L:aJ1 be p11id jn full. To the extent that MY excess exists lifter the payment is llpplied 10 the full payment of one or more Periodic P11yments, .such excess:may be .applied to lUly late charges due. Voluntary prepl1ymen1s .shall be llJ>plied fust to MY prepl1yment charges multhen.as 1lescribed .in the Note. Any .application of payments, .msur1lIlCe proceeds, or Miscellaneous Proceeds to principlÙ due under the Note .shall Jlot extend or postpone the due date, or change the l!II1Ount, of the Periodic Pl1yments. 3.1<'unds for :Escrow ltems. Borrower .shall Pl1Y 10 Lender on the .day Periodic Pl1yments Me.due under the Note, llD1il the Note is pæ.d jn full, l1.snm (the "Funds") to provide for payment of l!II1Ounts due for: (11) taxes .and .as¡;eS!m1f'nts mul other items which L:aJ1 .attain priority over this Security lnst:rument .as II lien or -encumbrance on the Property; (b) leasehold pl1yments or ground rents on the Property, jf lUly; (c) pr-f'TllÍ11ms for lUly .and lIli .insurance required by Lender under Section 3; .and (d) Mortgage lnsurance pr-f'Tlli11mS, if lUly, or lUly .sums pl1Y11ble by Borrower to .Lender jn lieu of the payment of Mortgage lnsurance premiums jn ~cordance with the provisions of Section 10. These items Me called ''Escrow 1tems." At origination or .at.any time 1luring the tenn of the LaM, Lender :may require that Community AssocW:ion Dues, Fees, .and Asses!m1ents, if .any, be escrowed by Borrower, mul .such dues, fees .and .assesimlffllts .shall be lUl :Escrow 1tem. :Borrower .shall promptly fumish to .Lender lIli Jlotices of l!II1Ounts to be pæ.d under this Section. Borrower .shall pay Lender the FllIlds for :Escrow 1tems unless Lender wæ.ves Bouower'.s obligmion 10 pl1Y the Funds for.any or.a1lEscrow 1tems. Lender may wæ.ve Borrower'.s obligation to pl1Y to Lender Funds for lUly or lIli :Escrow Items llt .any time. Any .such wæ.ver :may only be jn writing. In the event of .such wæ.ver, Borrower .shall pay directly, w.hen mul w.here pl1Y11ble, the .amounts G-6(¥fY) ¡0005) @ DD5-WY4 Initials~ 'PJlge4 of 1'5 FDrm 3051 1/01 11\ rn i"'j 0919Sbd ,r'.'10·'15 '... u ¿.. due for .any .Escrow Items for w.hich payment of Funds.has been w.aived by Lender .and, if Lender requires, .shall furnish to Lender receipts evicl~ndnZ BUCh payment within such time period as Lender may require. .Borrower's obligation to make such payments .and to provide receipts.shall for 1111 pwposes be dP.P.m~d to be II covenant.and agreement contained in this Security Instrument, as the phrase "covenant.and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items Directly, pursuant to II w.aiver, .and .Borrower fails to PllY the 1IIIlOunt due for .an Escrow Item, Lender may exercise its rights l1Ilder Section 9 .and pay such 1IIIlOunt.and Borrower shall then be obligated JJDder Section 9 torepllY to Lender .any .such .amount. Lender may revoke the w.aiver as to .any or ßll Escrow Items llt .any time by .a notice given in .accordance with Section.15 .and, upon such revocation, Borrower .shall pay to Lender 1111 Funds, .and in .such 1IIIlOunts, that .are then required l1Ilder this Section 3. Lender may, lit .any time, collect.and hold Funds in .an 1IIIlOunt (ll) $nffi ~iP.T1t to pennit Lender to llpply the Funds .at the time .specified l1Ilder RESPA, .and (b) not to exceed the m:ndmnm 1IIIlOunt lllender can require l1IlderRESPA. Lender shall estimate the 1IIIlOunt of Funds due on the basis of current data .and reasonable e.stimates of expenditures of future Escrow Items or otherwise in .accordance with Applicable Law. The Funds shall be held in M institution whose deposits .are insured bY.ll federlli .agency, instrnmffllt:llity, or entity (including.Lender, if Lender is Minstitution whose deposits .are so insured) or in .any Federlli Home Loæ B.ank. Lender shall .apply the Funds to PllY the .Escrow Items no later than the time .specified l1Ilder RESPA. Lender shall not charge Borrower for holding .and .applying the Funds, .annually .analyzing the escrow .account, or verifying the Escrow Items, unless LenderpllYs .Borrower .interest on the Funds .and Applicable Law permits Lender to make .such II charge. Unless.an.agreement is made in \VIiting or Applicable Law requires .interest to be paid on the Funds, Lender .shall not be required to pay Borrower My.interest or earnings on the Funds. .Borrower.and Lender can agree in writing, however, that .interest .shall be p.aid on the Funds. Lender shall give to .Borrower, without charge, M.annual .accounting of the Funds as required by RESPA. If there is II .swplus of Funds .held in escrow, as defined JJDder RESPA, Lender shall .account to .Borrower for the excess funds in .accordance with RESPA. If there is II .shortage of Funds .held in escrow, .as defined JJDderRESPA, Lender shall notify Borrower as required by RESPA, .and .Borrower shall PllY to Lender the 1IIIlOunt necessary to:make up the .shortage in .accordance with RESPA, but in no more than 12 monthly payments. If there is II deficiency of Funds.held in escrow, as defined JJDder RESPA, Lender shall notify Borrower as required by RESPA, .and Borrower shall pay to Lender the 1IIIlO.unt .necessary to :make up the cI~fki~n~y in .accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of ßll sums secured by this Security .Instrument, Lender .shall promptly refund to .Borrower .any Funds.held by Lender. 4. Charges; Liens. Borrower shall pay 1111 taxes, asse¡;rn1~nt¡;, charges, :fines, .and .:impositions .attriblilllble to the Property w.hich .tan ll1tain priority over this Security Instrument, leasehold payments or ground rents on the Property, if .any, .and Community Association Dues, Fees, .and Assessments, if.any. To the extent that these items .are .Escrow Items, Borrower shall pay them in the manner provided in Section 3. .Borrower shall promptly discharge MY lien w.hich .has priority over this Security Instrument unless .Borrower: (a) .agrees in writing to the payment of the obligation .secured by the lien in II manner .acceptable 10 Lender, but only .so long as .Borrower is performing BUCh .agreement; (b) contests the lien in good faith by, or defends llgainst enforcement of the lien in, leglli proceedings w.hich in Lender'.s opinion operate 10 prevent the :enforcement of the lien while those proceedings .are pending, but only until BUCh proceedings .are condncl~d; or (c) secures from the holder of the lien M agreement .satisfactory to Lender .suborclin:ltin Z the lien to this Security Instrument. If Lender detennines that .any part of the Property is .subject to lllien which can ll1tain priority over this Security 1nstrument, Lender may give Borrower II :notice identifying the G-£(WY) (OOOS) @ .DDB-WY4 f>lIge 1; Df 15 Initials: ~Q) .0t FDTm 3051 1/01 / .n ""-. AJ 0. 1::; 8 ~';? v::J~...:.:1,-·jl r' 1'"\0 .".J. 6 \... U '¿.t lien. Within 10 days of the date on wl1ich !hat notice is given, Borrower .shall .satisfy the lien or take one or :more of the .actions set forth l1bove in this Section 4. Lender may require Borrower to pay 11 one-time cl1arge for a real estate tax verification .and/or reporting .service used by Lender jn connection with this Loan. 3. .Property lnsurBllce. Borrower .shall keep the jrnprovements now existing or .hereafter erected on 'the Property insured llgainst loss by ::fire, hazards included within the term "extended coverllge," .and 1IIlY other hazards indnrlinr;, but not limited to, earthquakes .and :floods, for which lender requires insurance. This insurance .shall be m:!int:!in~d in the lIIIlOuntS (including rleductible levels) .and for the periods !hat lender requires. What lender requires pursuant 10 the preceding sentences can cillmge during the term of the Loan. The insurance carrier providing the insurance.shall be chosen by Borrower subject to Lender's Tight 10 .disapprove Borrower's choice, wJ1ich Tight .shall not be exercised unreasonably. Lender may require Borrower 10 pay, in connectiou with this Loan, either: (11) 11 one-time cl1arge for :flood zone rletermina:tion, certification.and tracking services; or (b) 11 one-time cl1arge for :flood.zone rletenniTI:!tion .and certification services .and subsequent cl1arges each time remappings or .similar cillmges occur wl1ich reasonably .might .affect such rletermina:tion or certification. Borrower shall .also be responsible for the payment of 1IIlY fees jrnposed by the Federal .Emergency .Management Agency in conuection with the review of 1IIlY :flood.zone rletennin:!tion resulting from 1IIl objection by Borrower. If Borrower fails to m:!int:!in 1IIlY of the coverllges rlescribed l1bove, Lender may obtaiu insurance coverllge, .at Lender's option and Borrower's expense. l..ender is nnder no obligmion to purchase 1IIlY particular 1ype or .amount of coverllge. Therefore, BUch coverllge.shall cover l..ender, but.might or.might not protect Borrower, .Borrower's equity in the Property, or the contents of the Property, .against 1IIlY risk, hazard or liability .and .might provide greater or lesser coverage than WllS previously in effect. Borrower .ackuowledges !hat the cost of the insurance coverllge so obtained .might· siz:nifi~:!ntly exceed the cost of insurance that Borrower could have obtaiued. Any llIIlOunts .disbursed by Lender nnder this Section 3 .shall become.additional rlebt of Borrower secured by this Security 1nstnnnent. These llIIlOunts .shall bear interest .at the Note r1lte from the date of disbursement ..and .shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender ..and renew.als of .such policies .shall be .subject to l..ender's TIght to disapprove such policies, .shall include a staudard :mortgage clause, .and .shall name Lender llS :mortgagee .and/or llS 1IIl.additionalloss payee. Lender .shall.have the:right to hold the policies.and renewal certifi~:!t~s. 1f Lender requires, Borrower .shall promptly give to Lender .all receipts of paid premiums .and renewal notices. 1f Borrower obtains MY fonn of insurance coverage, not otherwise required by l..ender, for damage to, or rlestruction of, the Property, .such policy .shall include 11 .standard :mortgllge clause.and .shall namel..ender lIS :mortgagee .and/or llS 1IIl.additionalloss payee. .In the event of loss, Borrower .shall give prompt 1l0tice 10 the insurance carrier.and Lender. Lender may make proof of loss if not .made promptly by Borrower. Unless Lender .and Borrower otherwise 1IgIee jn writing, 1IIlY insurance proceeds, whether or not the 11Dderlying insurance was required by Lender, .shall be applied to restonl1ion or repmr of the Property, if the restoration or repmr is economically feasible .and l..ender's .security is not lessened. During BUch rep<rir .and restoration period, lender .shall have the right to hold such insurance proceeds until Leuder .has .had M opportunity to inspect such Property to ensure the wm:k has been completed 10 Lender's .satisfaction, provided that .such inspection .shall be nnderta1œn promptly. Lender.may disburse proceeds for the repmrs .and restoration in 11 .single payment or jn 11 series of progress payments lIS the work is completed. UnlesSM1IgIeement is .made jn writing or Applicable.Law requires interest 10 be paid on such insurance proceeds, Lender .shall not be required to pay .Borrower MY interest or earnings on BUch proceeds. Fees for public .adjusters, or other third parties, retained by Borrower .shall not be paid out of the insurance proceeds and .shall be the sole obligation of Borrower. If the restoration or repmr is not economically feasible or lender's .security would be lessened, the insurance proceeds .shall be llpplied to the sums secured by this Security 1nstrument, whether or not then .due, with G-ß(WY) (0005) @ :DDS-WY4 Initials: ~ ft Form 3051 1/D1 'Page tì Df 15 ~::~I::(~~:::::::~ ':··'~Z':I:.I:~!:.$ . . (0f,i1~:¡ >. :::::}:::~:~::;:::::::: .}¡:i:¡!~¡¡¡¡{¡<; . ;::¡;¡\!¡:r~~l¡f.' ·\:n¡¡¡¡¡¡f:¡!\ ·,:·@}trt< .:1'¡¡i¡¡:j¡~:¡::¡:,::.: ·:,::¡f¡¡~~j¡¡:1¡:¡[i·::· ;~¡Ij .. 091.· 9· ,~.i...'.~~ .~~t~t~ .,. .. ......¡;- ,/.. ^ 0 . J' 7 ,·U ~J, the excess, jf .any, -paid to Borrower. .such .insurance proceeds.sluill be applied ID the order -provided for ID .section 2. If Borrower .abandons the Property, Lender may file, negotiate .and Bettle .any avail.able .insurance claim .and related :matters. If Borrower does not respond within 30 days to .a notice from Lender that the .msur.ance carrier has offered to settle a claim, then Lender may negotiate .and settle the claim. The 3D-day -period will begin w.hen the notice is given. 1n either event, or if Lender 2Cquires the Property under .section 22 or otherwise, Borrower hereby .assigns to Lender (a) Borrower's rights to .any .insur.ance proceeds m.an ænount not to exceed the .amounts unpaid under the Note or this .security 1nstrument, .and (b) .any other of Borrower's rights (other than the right to .any refund of llnP.::nTIP.d premillm~ paid by .Borrower) under .all.insur.ance policies covering the Property, .insofar .as Buch rights.are .applicable to the L:overllge of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay ænounts unpaid under the Note or this .security lnstrument, whether or not then due. 6. Occupancy. Borrower .sluill occupy, establish, .and use the Property .as Borrower's-principal residence within 60 days .after the execution of this .security lnstrument .and sh.all continue to occupy the PIOperty .as Borrower's princip.al residence for .at least one year .after the date of occup.ancy, unless Lender otherwise lIgI"ees ID writing, which consent .sluill not be llIlreasonably withheld, or unless eUp.TIlHltinz circumstances exist which .are beyond Borrower's control. ï. Preservation, Maintenance 1IDd Protection of the Property; Inspections. Borrower .sluill not .destroy, damage or jmpair the Property, .allow the Property to .deteriorate or commit waste on the Property. Vlhether or not .Borrower is residing ID the Property, Borrower .sluill m¡¡int¡¡in the Property ID order to prevent the Property from deteriorating or .decreasing m vallie due to its condition. Unless it is .detennined pursuant to .section :5 that repair or restor.ation is not economically feasible, Borrower .sluill promptly repair the Property if damaged to .avoid further .deterioration or damage. 1f insurance or L:onclp.mn¡¡tion proceeds.are paid m connection with damage to, or the taking of, the PIOperty, Borrower .sluill be responsible for repairing or restoring the Property only if lender has released proceeds for such pmposes. lender may disburse -proceeds for the repairs .and restor.ation ID .a .single payment or ID .a Beries of -progress payments .as the work is completed. 1f theinsur.ance or conclt>mn¡¡tion proceeds .are not .snffkient to repair or restore the Property , Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. lender or its lIgent may :make reasonable entries upon.and .inspections of the Property. 1f it has reasonable cause, lender may .inspect the IDterior of the jmprovemen1S on the Property. lender.sluill give .Borrower notice .at the time of or prior to Buch .an interior .inspection specifying Buch reasonable cause. 8. Borrower's Loan Application. .Borrower sh.all be m default if, during the .Loml .application -process, Borrower or lUly persons or entities 2Cting .at the direction of Borrower or with Borrower's Jrnowledge or consent gave.materially false, mi~Ip.¡¡clinz, or IDacCurate information or st¡¡tp.mp.nts to .Lender (or failed to provide lender with material information) ID connection with the .Loml. Material representations include, but lITe not limited to, representations conCP.TTIinz Borrower's occup.ancy of the Property .as Borrower's principal residence. 9. Protection of Lender's Interest ID the Property .and .Rights Under this Security Instrument. 1f (.a) Borrower fails to perlonn the covenants .and .agreements contained m this Security Instrument, (b) there is .a legal proceeding that might Bignific.ant1y .affect lender's IDterest m thePIOperty .and/or rights under 1his .security Instrument (such.as .a proceeding ID bæ1kruptcy, -probate, for COnclp.mnMion or forfeiture, for enforcement of .a lien which may .attain priority over this .security Instrument or to enforce laws or regul.ations), or (c) Borrower has .abandoned the Property, then lender may do .and pay for whatever is reasonable or lIppropriate to protect lender's IDterest m the Property .and rights under this .security lnstrument, .including protecting .and/or .assessing the v.alue of the Property, .and securing .and/or repairing the Property. Lender's 2CtiOns Cæ1 include, but.are not limited to: (a) paying.any .sums secured by .a lien which has priority over this Security Instrument; (b) .appearing m court; .and (c) paying reasonable Q-6IWY) (0005) @ DDS-WY4 1""907 Df 15 ..,,~ rDrm 3051 1/01 ./ · .::;:j::;:¡r ·:~::;'~i , . .~ .Ü'\ì o.~8"'; COO 2. J 8 dJ ....J ~J ...-..~ 1I!tomeys' fees to protect its .interest in the Property md/or rights.under this Security 1nstrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is .not limited to, ~nt~rinz the Property to make repairs, change locks, replace or board up doors md windows, m-mn w1lter from pipes, ~limimltp. building or other code viol1ltions or dangerous conditions, md .have utilities turned on or off. Although Lender may 1ake liCtion under this Section 9, Lender does .not .have to do so md is not .under ;my duty or obligation to do .so. It is .agreed that lender incurs no liability for .not taking MY or lÙl liCtions .authorized under this Section 9. Any .amounts disbursed by .Lender under this Section 9 .shall become .additional debt of Borrower .secured by this Security 1nstrument. These .amounts .shall bear .interest at the Note r.ate from the date of disbursement lIIld .shall be payable, with such .interest, npon notice from lender . to Borrower requesting payment. If this Security Jnstrument is on a leasehold, BOlTower .shall comply with lÙlthe provisions of the lease. If Borrower æquires fee title to the Property, the leasehold ;md the fee title .shall .not merge llI1less Lender .agrees to the merger in writing. 10. MortgageJ:nsurIDlce. If lender Iequired Mortgage Tmmnmce.as a condition of making the LollIl, BOlTower.shall pay the premium~ Iequired to m::lint::lin the Mortgage InsurBnCe in effect. If, for .any Ieason, the Mortgage Jnsur.ance cover.age required by lender ceases to be available from the J1lOrtgage insurer that previously provided such insurBnCe .and Borrower WliS Iequired to make separ.ately designated payments toward the premillm~ for Mortgage lnsurBnCe, Borrower .shall pay the premiums Iequired to obtain cover.age substantially equiv1Ùent to the Mortgage Insurance previously in effect,. at a cost .substantially ~quiV1Ùent to the cost to Borrower of the Mortgage lnsurance previously in effect, from .an .alternate J1lOrtgage insurer .selected by Lender. If .substantially equiv1ÙeIlt Mortgage lnsurBnCe cover.age is .not .available, Borrower .shall continue to PAY to .Lender the .amount of the separ.ately design.ated payments that were due w.hen the insurance coverage ceased to be in effect. lender will liCcept, use md Ietain these payments .as .a :non-Iefundable loss reserve in lieu of Mortgage Insurance. Such loss reserve .shall be non-refundable, notwithstanding the fact that the LollIl is ultimately paid in full, lIIld lender .shall.not be Iequired to pay Borrower .any interest or earnings on such loss reserve. .Lender can.no longer require loss Ieserve payments jf Mortgage lnsurance cover.age (in the .amount.and for the period. that lender Iequires) provided by ;m insurer .selected by Lender .again becomes .available, is obtained, .and .Lender Iequires .5epßI.ately .designated pAyments tOWßId the premillm~ for Mortgagelnsur.ance.If lender required Mortgage 1nsurance .as a condition of making the Lrum .andBOlTower WliS Iequired to make .separately designated pAyments 10WßId the premium~ for Mortgage lnsurance, .BOlTower .shall pay the prP.1T1imm Iequired to "'::Iint::lin Mortgage lnsurance in effect, or to provide a non-refundable loss Ieserve, llD1il Lender'.s Iequirement for Mortgage lnsurance ends in liCCOIdance with .any written .agreement between Borrower md .Lender providing for such tP.TTTlin::ltion or until termimtion is required by Applicable law. Nothing in this Section 10 .affects Borrower's obligation to pay .interest ill the I.ate provided in the Note. Mortg.age lnsurance reimburses .Lender (or .any entity that purchases the Note) for certain losses it may incur if BOlTower does .not Iepay the LollIl liS .agreed. .Borrower is .not APID1y to the Mortgage 1nsurance. Mortgage insurers ev1Ùuate their total Tisk on lÙl such insurance in force from time to time, .and may -enter into .agr~P.Tlt~ with other parties that.share or modify their risk, or Ieduce losses. These.agreements Me on tenns .and conditions that .are .satisfactory 10 the mortgage insurer .and the otherpID1y (or parties) to these .agreements. These .agreemP.Tlt~ may Iequire the mortgage insurer to make pAyments llSing;my .source of funds that the mortgage insurer .may .have available (which may include funds obtained from Mortgage lnsurBnCe prP.1T1ium~). As a Iesult of these .agr~P.Tlt~, .Lender, .any purchaser of the Note, Mother insurer, MY Ieinsurer, MY other entity, or ;my ::Iffili::ltp. of .any of the foregoing, may Ieceive (directly or indirectly) .amounts that .derive from (or might be characterized liS) .a portion of Borrower'.s pAyments for Mortgage JnsurBnCe, in exclumge for .sharing or modifying the mortgage insurer's risk, or reducing losses. 1f such .agreement provides that .an ::Iffili::lte of Lender takes .a .share of the insurer's risk in exchange for a .share of the pr~illm~paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) .Any.such .agrœments will not .affect the .amounts that Bon-ower .has JlgI"eed to pay for Mortgage InsurBIlce, or IDlY other terms of the Loan. Such .agreements will.not increase the .amount ]Jon-ower will owe for Mortgage lnsurIDlce, IDld they will not entitle Bon-ower to.any refund. G-6IWY) (0005) @ DDSWY-4 Initials: ~ 'Page B uf 1£ A Form 3051 1/01 if;~!.:;~:¡:::~~~:7,:', . , .-, j' 'ICl"- q;:~ \"'::1 """ G"· ::ïI -_.'-\..y {; -3.jt...1J'r-J"'W/t...,.l r .'"1 0 .- .¿: 9 '... u ;,.;.J (b) Any BUCb .agrftDlents will not Bffect 1he rights Bon-ower .has - if .any - with respect to 1he Mortgage Insur.ance under the .Homeowners Protection Act of 1998 or.any other law. These rights .may include the right to receive cerWn disclosures, to request .and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated .automatic&ly, .and/or to receive.a refund of .any Mortgage Insurancepreminm" that were unearned .at the time of .such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; .Forfeiture. All Miscellimeous Proceeds Me .hereby lISsigned to .and .shall be paid to Lender . If the Property is illunaged, lmch Miscellimeous Proceeds .shall be Applied to restoration or repair of the Property, if the restoration or repair is economically feasible .and Lender's security is not lessened. During such repair .and restoration period, Lender .shall have the right to hold such Miscellaneous Proceeds until Lender .has .had lIIl 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 lIIlllgTeemellt 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. lf the restoration or repair is not economically feasible or Lender'.s security would be lessened, the Miscellaneous Proceeds .shall be applied to the.sums .secured by this Security lnstrument, whether or .not then .due, with the excess, if lIIlY, paid to Borrower. Such Miscellaneous Proceeds .shall be Applied in the order provided for in Section 2. In the event of A total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds .shall be .applied to the .sums secured by this Security Instrument, whether or not then .due, with the excess, if lIIlY, paid to Borrower. In the event of A partial taking, 1lestruction, or loss in value of the Property in which the fair marJœt value of the Property irnrnerli:ltely before the partial taking, 1lestruction, or loss in value is equal to or greater than the .amount of the sums secured by this Security lnstrument imrnerli:ltf'ly before the partial taking, 1lestruction, or loss in v21ue, unless Borrower .and Lender otherwise .agree in writing, the .sums secured by this Security lnstrument .shall be reduced by the .amount of the Miscellaneous J>roceeds IDllltiplied by the following fraction: (a) the total .amount of the sums secured immediately before the partial taking, 1lestruction, or loss in value divided by (b) the fair marJœt v21ue of the Property immediately before the partial taking, destruction, or loss in v21ue. Any balance.shall be paid to Borrower. In the event of a partial taking, 1lestruction, or loss in v21ue of the Property in which the fair marJœt v21ue of the Property immediately before the partial taking, 1lestruction, or loss in value is less than the JIIIlount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower .and Lender otherwise .agree in writing, the Miscellaneous Proceeds .shall be .applied to the sums secured by this Security Jnstrument whether or not the sums Me then .due. lf the Property is .abandoned by Borrower, or if, After notice by Lender to Borrower that the Oppos.ing J>arty (.as defined in the next sentence) offers to make lIIl aWMd to .settle A claim for illunages, Borrower fails to respond to Lender within 30 days After the date the notice is given, Lender is .au:thüITzed to collect .and .apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the .sums .secured by this Security lnstrument, whether or not then due. "Oppos.ing J>arty" .means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower .has A right of lICtion in regard to Miscellaneous Proceeds. Borrower.shall be in 1lefault if lIIlY action or proceeding, whether civil or criminal, is begun that, in Lender's jlJ, rlzment could result in forfeiture of the Property or other m:lteri:ll impainnent of Lender's interest in the Property or rights under this Security lnstrument. Borrower can cure .such a default.and, if .acceleration.has occurred, reinstate .as provided in Section 19, by causing the lICtion or proceeding to be dismissed with.a ruling that, in Lender's jnrlzment, precludes forfeiture of the J>roperty or other material impainnent of Lender's interest in the Property or rights under this Security lnstrument. The proceeds of lIIlyawMd or claim for illunages that Me .attributable to the .impainnent of Lender's interest in the Property lITe hereby lISsigned.and.shall be paid to Lender. All Miscellaneous Proceeds that lITe not .applied 10 restoration or repair of the Property .shall be applied in the order provided for in Section 2. G-6(WY) (omJs) @ .DD5-WY4 Initials:~ l'age B of Hi ßA Form 3051 1'01 ./ , :}U~~j¡~i¡t{< ..d'''''''''' :;-:-;';';':':':';';.;.:.; !J:- ., \.....~ , "'), ,Z; Q r:-.;;, ¡-.; G iU;:» LJ t~..ij "- 000220 12. .Borrower Not Released; Forbearance By Lender Not .a W.aiver. .Extension of the time for payment or modification of mnortization of the .sums .secured by this Security 1nstrument p-.anted by l..ender to .Borrower or .any Succe.ssor in 1nterest of Borrower .shall m>t opernte to release the liability of Borrower or .any Successors in .Interest of Borrower. Lender .shall m>t be required to commp.n~e proceedings 1Igainst my Successor jn .Interest of Borrower or to refuse to extend time for payment or. otherwise modify lIIIlOrtization of the $UIIlS .secured by this Security 1nstrumentby reason of .any clp.m¡¡ncl .made by the original Borrower or .any Successors jn 1nterest of Borrower. Any forbearance by Lender in exercising .any right or remedy including, without limitation, Lender's 1lCceptance of payments from third persons, entities or .successors jn.Interest of Borrower or in lIIIlOunts less than the lIIIlOunt then due, .shall not be .a waiver of or preclude the :exercise of .any right or remedy. 13. Joint and Several Liability; Co-signers; Successors JU1d.Assigns Bound. Borrower covenants .and 1IgTees that Borrower's obligations.and liability.shall be joint.and sever1ll. However,.any Borrower who co-.signs this .security 1nstrument but does not execute the Note (a "co-.signer"): (a) is co-.signing this .security lnstrument only to mortgage, gr.ant.and convey the co-.signer's interest jn the PIDperty under the terms of this Security 1nstrument; (b) is not persoruilly obligated to pay the sums .secured by this Security 1nstrument; .and (c) 1IgTees that Lender .and .any other Borrower can 1IgTee to extend, modify, forbear or :make .any 1lCcmnmodations 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, my Successor jn .Interest of .Borrower who .assumes .BorroweÙ obligations llI1der this Security 1nstrument in writing, .and is .approved by l..ender, .shall obtain .all of BorroWer's rights .and benefits under this Security 1nstrument. Borrower .shall not be released from .Borrower's obligations.and liability under this Security lnstrument unless Lender 1IgTees to.such release jn writing. The covenants .and 1IgTeements of this Security 1nstrument .shall bind (except .as provided jn Section 20) .and benefit the successors .and JlSsigns of l..ender. 14. Loan Charges. Lender may charge Borrower fees for .services perfonned in connection with Borrower's defuult, for the purpose of protecting Lender's interest jn the Property .and rights under this Security 1nstrument, including, but not limited to, .attorneys' fees, property inspection.and v1lluation fees. .In regard to.any other fees, the msence of express ærthority in this Security lnstrument to charge a specific fee to Borrower Bhall not be construed.as .a prohibition on the charging of.such fee. l..ender:may not charge fees that are expressly prohibited by this Security 1nstrument or by Applicable Law. If the Loan is subject to a law which sets m¡¡x;mllm loan charges, .and that law is íinally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the pennitted limits, then: (a).any.such loan charge.shall be reduced by the lIIIlOuntnecessary to reduce the .charge to the pennitted limit; .and (b).any sums already collected from Borrower which exceeded pennitted limits will be refunded to Borrower. Lender:may .choose to :make this refund by reducing the princip1ll owed under the Note or by.making a direct payment to Borrower. 1f .a refund reduces principal, the reduction will be treated .as .a partial prep.ayment without .any prepayment charge (whether or not .a prepayment charge is provided for under the Note). Borrower's 1lCCeptance of .any .such refund.made by direct payment to Borrower will constitute a waiver of .any right of 1lCtion Borrower :might .have lIIising out of .such overcharge. .15. Notices. All m>tices given by Borrower or l..ender in connection with this .security 1nstrument :must be in writing. Any notice to Borrower jn connection with this Security 1nstrument.shall be deemed to .have been given to Borrower when .mailed by :first class.mail or when·actually delivered to Borrower's :notice address if sent by other means. Notice to my one Borrower .shall consti11Ite notice to .all Borrowers nnless Applicable law expressly requires otherwise. The notice address .shall be the Property Address nnless Borrower.has designated a .substitute notice address by notice to l..ender. Borrower .shall promptly notify Lender of Borrower's change of address.1f Lender specifies a procedure for reporting Borrower'.s .change of address, then Borrower Bhall only report .a change of address through that specified procedure. There:may be only one designated notice address under this .security 1nstrument .at.any one time. Any :notice to l..ender .shall be given by delivering it or by m¡¡ilinr; it by :first class :mail to Lender's address 5tated .herein unless Lender.has designated .another address by notice to Borrower. Any notice jn connection with this Security Instrument .shall :not be .deemed to .have been given to Lender llIl1il1lCtually :received by Lender. 1f .any notice required by this Security 1nstrument is .also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security 1nstrument. G-s(WY) (00051 @ DD5-WY4 '!'Bga 10 of 15 ~~::!!¡!¡~1mm~j InitiiJls:.....~ ß{ FtJT111 3051 11D1 ",",,;-¡ " ,j;. ......' .--', :~:::\ :Ê~¡3ii¡l¡ " ... ~ r""_{~': ~"~,1 ¡', <..~...~ ~9 ..." . t ,c. \1...Jt ,~.:¡ __~ t-...fJ l..._~ '-.-" .> r\i"'to - t. U '~'21 16. Governing Law; Severability; R.ules of Construction. This Security Instrument .shall be ~overned by federal law .and the law of the jurisdiction in which the Property is located. All rights .and obligations contained in this Security Instrument .are subject to MY requirements .and limitations of Applicable Law. Applicable Law might explicitly or implicitly .allow the parties to llgfee by l:OI11:nIct or it might be silent, but.such silence.shall not be const:rued .as 2. prohibition.against llgfee1Ilent by contract. 1n the event 1illlt MY provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict ß1al1 not .affect other provisions of this Security Instrument or the Note which am be ~iven effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine ~ender .shall mean .and include l:orresponding neuter words or words of the feminin~ gender; (b) words in the .singular ß1al1 mean .and include the plunù .and vice versa; .and (c) the word "may" gives sole discretion without MY obligation to take MY action. 17_ Borrower's Copy. Borrower shall be given one copy of the Note.and of this Security Instrument. 18. Transfer of the Property or.a Beneficiallnterest in BOITower. As used in this Section 18, ".Interest in the Property" means æy legal or beneficial interest in the Property, including, but not limited to, those beneficial interests tnmsferred in 2. bond for deed, mntract for deed, installment .sales contract or escrow llgfeement, the intent of which is the transfer of title by Borrower at .a future date to 2. purchaser. 1f.all or MY pm of the Property or MY Interest in the Property is sold or transferred (or if Borrower is not 2. natural person.and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security lnstrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. 1f .Lender exercises this option, Lender shall £ive Borrower notice of .acceleration. The .notice ß1al1 provide 2. period of not less than 30 days from the date the notice is given.in .accordance with Section 15 within which Borrower must pay all sums secured by. this Security lnstrument. 1f Borrower fails to pay these sums prior 10 the expiration of this period, Lender may invoke MY remedies permitted by this Security lnstrument without further notice or ciem:mci on Borrower. 19. BOITower's .Right to Reinstate After Acceleration. 1f Borrower meets œrtain l:onditions, Borrower .shall.have the TIght to .have enforcement of this Security lnstrument discontinllf~d .at MY rime prior to the earliest of: (a) five days before sale of the Property pursuant to MY power of .sale contained in this Security Instrument; (b) such other period .as Applicable Law might Bpecify for the termin:ltion of Borrower's right to reinstate; or (c) entry of a jllcizm~nt enforcing this Security Instrument. Those l:onditions .are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument .and the Note.as if no acceleration l1ad occurred; (b) cures MY default of æy other covenants or llgfeements; (c) pays all expenses incurred.in enforcing this Security Instrument, including, but not limited 10, reasonable .attorneys' fees, property inspection .and valuation fees, .and other fees incurred for the purpose of protecting .Lender's interest in the Property .and rights under this Security Instrument; .and (d) takes.such action .as Lender may reasonably require to .assure that .Lender's interest in the Property .and rights under this Security lnstrument, æd Borrower's obligation to pay the sums .secured by this .security Instrument, Bhall continue nnc:hmged. .Lendennay require that Borrower pay .such reinst:ltf'm~nt .sums .and expenses in one or more of the following fonns, .as selected by.Lender: (a) cash; (b) money order; (c) certified cl1eck, bmlk cl1eck, treasurer's check or cashier's check, provided æy such check is dr2.wn upon M institution whose deposits .are insured by 2. federal .agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this .security Instrument.and obligations secured hereby .shall remain fully effective .as if DO acceleration l1ad occurred. Rowever, this right to reinstate shall not ~ply in the!:aSe of .acceleration under Section 18. 20. .sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or 2. partial interest in the Note (together with this Security Instrument) am be sold one or more rimes without prior notice to Borrower. A .sale might result in 2. chæ1ge.in the entity (known .as the "Loan Servicer") 1illlt l:ollects :Periodic :P2.yments 1iue under the Note .and this Security lnstrument .and perfonns other mortgage loan servicing obligations under the Note, this Security lnstrument, .and Applicable Law. There also might be one or more cl1anges of the Loan .servicer unreWed to .a .sale of the Note. 1f there is 2. chæ1ge of the Loan Servicer, Borrower will be given written notice of the chæ1ge which will state the J:UI1De .and .address of the .new LoM Servicer, the .address to which payments should be made .and MY other infonnation 1ŒSPA G-6(WY) 10005) @ DDS-WY4 Initials: ~ Page 11 of 15 ~ Form 3051 1/01 / .' ..~.; '.~q'''¡ aStj If \~..} __... ~;:"lf~.;.t' C00222 requires ID connection with 11 notice of transfer of servicing. 1f the Note is sold.and thereafter the.Lo2Il is serviced by 11 Lo2Il Servicer other than the purchaser of the Note, the mortgage 102Il servicing obligations 10 Borrower will remain with the Lo2Il Servicer or be tnmsferred 10 11 successor Lo2Il Servicer .and.are not llSsumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender :may commem~e, join, or be joined 10 2IlY judicial .action (.as rither 1IIl .individuallitig2Ilt or the member of 11 class) that Mises from 1he other party's .actions pursuant to this Security Instrument or that .alleges that the other party .has breached 1IIlY provision of, or 1IIlY .duty owed by reason of, this Security Instrument, until such Borrower or Lender .has notified 1he other party (with such notice given ID compliance with 1he requirements of Section 15) of .such .alleged breach .and morded the other party .hereto .a reasonable period lifter the giving of .such notice to take corrective .action. 1f Applicable Law provides 11 time period which JDUSt elapse before certain .action can be taken, that time period will be deemed 10 be reasonable for purposes of this parllgTaph. The notice of .acceleration .and opportunity to cure given to Borrower pursuant to Section 22 .and the notice of .acceleration given to Borrower pursuant to Section 18 shall be deemed 10 satisfy the notice .and opportunity to take corrective .action provisions of this Section 20. 21. BazardollS Substances. As used in this Section 21: (a) "Hazardous Substances" .are those substances defined.as 10xic or hazardous substances, pollutants, or w.astes by Environmp.nt~l Law .and the following substances: gasoline, kerosene, other f13mm~hle or 10xic petroleum products, toxic pesticides .and .herbicides, volatile solvents, :materials cont~inin£ .asbestos or formaldehyde, .and rllrlioactive .materials; (b) ''EnvÙnnmp.nt~ 1 Law" :means federal laws .and laws of the jurisdiction where the Property is located that relate to .health, safety or ffivironmp.nt~1 protection; (c) ''Environmental Cle2IlUp" includes 1IIlY response .action, remedial .action, or removal .action, .as defined ID .Environmp.nt~l Law; .and (d)1IIl ".Environmf"T1t~1 Condition" :means 11 condition that can !:aUSe, contribute to, or otherwise 1rigger .an .Environmf"T1t~l Oe2IlUp. .Borrower shall.not !:aUSe or permit the presence, liSe, disposal, storage, or release of .any Hazardous Substances, or 1hreaten to release 1IIlY Hazardous Substances, on or ID the Property. Borrower shall not do, nor .allow 1IIlYone else to do, 1IIlything mecting the Property (11) that is ID violation of 1IIlY .Environmp.nt~1 Law, (b) which creates .an.Environmf"T1t~1 Condition, or (c) which, due to the presence, liSe, orrclease of.a Ilazardous Substance, creates 11 condition that .adversely mrects the V1Ùue of the Property. The preceding two sentences shall not .apply to the presence, liSe, or storage on 1he Property of .small quantities of Hazardous Substances that are generally recognized 10 be .appropriate 10 normal resicJp.nti~l uses.and to maintenance of1heProperty (indllcJing, butnot1imited to, hazardous substances ID consumer products). Borrower shall promptly give Lender written notice of (a) .any IDvestigation, claim, cJem~ncJ, lawsuit or other .action by .any govemmf"T1t~l or regulatory .agency or private party involving the Property .and .any Hßzardous Substance or Environmp.nt~l Law of which Borrower .has .actual knowledge, (b).any Environmf"T1t~1 Condition, including but not limited 10, .any spilling, leaking, discharge, release or threat of release of .any Hazardous Substance, .and (c) 1IIlY condition !:aUSed by the presence, liSe or Ie1ease of 11 Hazardous Substance which .adversely meets the value of the Property. 1f Borrower Jeæ:ns, or is notified by 1IIlY governmf"T1t~1 or regulatory lIllthority, or .any private party, that 1IIlY removal or other remediation of .any Hazardous Substance mecting the Property is :necessary, Borrower shall promptly take .all :necessary Iemedial .actions ID .accorillmce with EnvironT11f"T1t~1 Law. Nothing herein shall create .any obligation on Lender for .an.Environmf"T1t~1 Cleanup. G-6(WY) (!)DOE) <!> DD5-WY4 Page l2 oj 1E Initials: "j.Q./ A FDrm 3051 1/01 ~"""H"~ ~i';'¡\i'¡'~',';'.' .'¡it_ :*:;;::*!::;;~>~~:~' tdmm§tim.~~ .ril'lì:'\Î 0\1-.& f:: ~; \' Y V J .5., ,-.Jf c..: '- ~ GO¿'23 NON-UNIFORM COVENANTS. Borrower .and Lender further covenant.and.agree.as follows: 22. Accelerlltion; .Remedies. Lender shall give Dotice to ]JOITower prior to llcceler1liion following ]Jon-ower'.s breach of llDY covenant or llgreement in this Security.Instrument (but Dot prior to llcceIerlltion under Section 18 unless Applicable Law provides otherwise). The Dotice shall.specify: (a) the default; (b) thellction required to cure the default; (c).a rlate, Dot less than 30 days from the date the Dotice is given to ]Jorrower, by which the default must be cured; llDd (d) that failure to cure the default on or before the date specified in the Dotice may result in .acceler.ation of the .sums secured by this Security lnstrnment llDd .sale of the .Property. The Dotice 5haJl further inform ]Jon-ower of the right to reinstate.after .acceIer1liion llDd the right to bring.a court .action to .assert the Don-existence of ..a default or llDY other defense of ]Jon-ower to .acceler1liion llDd.sale.1f the default is .not cured on or before the date .specified in the.notice, Lender.at its option may require immediate payment in full of .all .sums secured by this Security Instrument without further demand llDd may invoke the power of .sale.and llDY other remedies permitted by Applicable Law. Lender 5haJl be entitled to collect .all fXPenses incurred in pursuing the remedies provided in this Section22, indnrling, but Dot 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 ]Jorrower .and to the person in possession of the .Property, if different, in .accordance with Applicable Law. Lender shall give .notice of the .sale to ]Jon-ower in the ßumnf'T provided in Section 15. Lender shall publish the Dotice of .sale, llDd the Property .shall be sold in the manner pnscribed by Applicable Law. Lender or its df'Signf'e may purchase the Property at llDY .sale. The proceeds of the .sale shall be ..applied in the following order: (a) to .all expenses of the .sale, in durling, but .not limited to, .reasonable .attorneys' fees; (b) to.all.sums secured by this Security .Instrument; llDd (c) llDY fiCeSS to the person or persons legally entitled to it. 23. Release. Upon payment of.all sums secured by this Security Instrument, Lender shall release this Becurity 1nstrument. .Borrower shall pay .any recordation costs. Lender :may cl1arge .Borrower .a fee for If'If';¡~nz 1his Security 1nstrument, but only if the fee is paid to .a third p.arty for .services rendered .and !he cl1arging of the fee is permitted under Applicable Law. 24. W.aivers. .Borrower releases .and waives .all Iights :under .and by virtue of the .homestead exemptionl.aws ofWyD1I141g. G-6IWYI 100051 @ DDS-WY4 Page 13 of 15 Initials: ....~. ~ Form 3051 1/D1 / -'vt_1.1.' 9r;E~I"'; ~i ..-J f..~,.' T'· '0 O· :-'. .rI4 L, '.t;,.¡(. BY .sIGNING BELOW, Borrower .accepts.and .Agrees 10 the terms.and covenants contamed.in this Security 1nstru:ment .and .in .any Riderexecured by Borrower .and Iecorded with it. Witnesses : (Seal) øtu Gerry .L Rosendahl (Seal) .,Borrower (Seal) (Seal) -.Borrower .,Borrower (Seal) -.Borrower (Seal) -.Borrower (Seal) -.Borrower (Seal) .,Borrower 0-6(WY) (0005) Œ> DD5-WY4 f'age 14 of 1£ F.orm 3051 1'01 .::"I¡il:; ¡IJ' : ::' ¡: ::~ ~::::: ::::" ·:~:t~;¡:~:>; .¡:' r>ü-'i urf,,,"';' U ,,:7 --"_-2~" ~. ~~. l_l; ~ STATE OF WYOMING, :1 n -J.)5 '... \.. J.... (...~ .Linco.ln County .ss: The foregoing .instrument W2S 2clrnowledged before:me this June 05, 2006 by Jilnell£! Rosendilhl AND Gerry Rosendahl. WIfE AND -HUSBAND My Commission Explles: ~~. \ 13. ~0()1 G-6(WY) (0005) (!> DDSWY4 Page 15 of 15 d~ Initials: Jf/... A FDrm 30.51 1/0.1 I / 09:l9~~ib::r r ,'\ 0 :~jr\6 \... U £.. ¿ ... SCHËTIULEA \ Lotl0JUock3 of Lincoln lIeights 4th Flling;Lincoln County, Wyomingns described on the officiaJ :pla.tiilerl on Odoher 3,1977 .aslnstrnmenfNo.499086 of the records of the Lincoln Co.unfy Clerk, (i!¡;:~:~~~~;t~~~i~J