HomeMy WebLinkAbout920089
000854
When recorded return to: g iJ? 2-
< Custom Title Solutions 2- c.i <.f If
2550 N. Redhill Ave. 1 HbD
, Santa Ana, CA 92705
(800)756-3524 ext. 5996 or 5660
Prepared By:
$HELLY MCDOUGALD
RECEIVED 7/10/2006 at 2:39 PM
RECEIVING # 920089
BOOK: 625 PAGE: 854
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
AFN
31 \C,2 Y JDD2.ßDO
[Space Above This Line For Recording Data]
2449%2
[Escrow/Closing II
000138505D31D6DD6
[Doc 1D II
MORTGAGE
.if]
THIS MORTGAGE is made this 15th
LYNDA M NEHR, TRUSTEE OF
JUNE 7, 2004
MIN 1000 157-0 OO~ 935708-1
day of JUNE, 2006 ,between the Mortgagor,
THE LINDA M NEHR TRUST, DATED
(herein "Borrower"), and the Mortgagee, Mortgage Electronic Registration Systems, Inc. ("MERS"), (solely as nominee for
Lender, as hereinafter defined, and Lender's successors and ac;signs). MERS is organized and existing under the laws of Delaware,
and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
COUNTRYWIDE HOME LOANS, INC.
A CORPORATION , ("Lender") is organized and
existing under the laws of NEW YORK , and has an address of
4500 Park Granada, Calabasas, CA 91302-1613
WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. $ 35, 000 . 00 , which indebtedness is
evidenced by Borrower's note dated JUNE IS, 2006 and extensions and renewals thereof (herein "Note"),
providing for monthly installments of principal and interest, with the balance of indebtedness, if not sooner paid, due and payable
on JULY 0 I, 2 021 .
TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest thereon; the payment of all
other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage; and the perfonnance
of the covenants and agreementc; of Borrower herein contained, Borrower does hereby mortgage, grant and convey to MERS
WYOMING - SECOND MORTGAGE - 1/80 - FNMA/FHLMC UNIFORM INSTRUMENT WITH MERS
. -76N(WY) (0308) CHL (08/05)(d)
@
Page 1 016
VMP Mortgage Solutions, Inc. (800)521-7291
Form 3851
Amended 2101
~ ~
* 1 3 8 5 0 5 031 0 0 0 Q 0 1 076 N *
*23991*
¡~~~i~!!~~}
!I~~:~;;;~ili;~~mm~j
_. =-~oL....·.,..-,·~·,.. ·,·..:-....'~B..,..,-...-~'.....,.·..~·,,~_.,' '.'
,-..-.,.~'..~. '.- ,..-,'.-,......-.-..-..-..,
,.-.,..."-..",...........,........"...". '-" ~..~_. -......
0920069
rnO'855
\··V: ..
DOC ID #: 00013850503106006
(solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns of MERS, with power of
sale, the following described property located in the County of LINCOLN , State of
Wyoming:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.
THIS DOCUMENT is FILED FOR
RECORD BV FIDELITV NATIONAL
TITLE INS, CO, AS AN ACCOMMODATION
ONLY IT HAS NOT BEEN EXAMINED
AS TÓ IT5 EXECUTION OR AS TO ITS
EFFECT UPON THE TITLE.
which has the address of
1771 STATE HIGHWAY 241, AFTON
[Street, Cityl
8311 0 - 9 766 [Zip Code] (herein "Property Address");
, Wyoming
TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances
and rents, all of which shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing,
together with said property (or the leasehold estate if this Mortgage is on a leasehold) are hereinafter referred to as the "Property."
Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Mortgage; but, if
necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to
exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
action required of Lender including, but not limited to, releasing or canceling this Mortgage.
Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and
convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that
Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of
record.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness
evidenced by the Note and late charges as provided in the Note.
2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to Lender
on the day monthly payment<; of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein
"Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit development
assessments, if any) which may attain priority over this Mortgage and ground rents on the Property, if any, plus one-twelfth of
yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installment<; for mortgage insurance, if any,
all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable
estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes
such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender.
If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are insured or
guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay
said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds,
analyzing said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on tne Funds
and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of
this Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law requires
such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which
each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage.
Form 3851
. -76N(WY) (0308)
@
CHL (08/05)
Page 2 016
/
".~~...~.-.....
09200tj9
CO[856
DOC ID #: 00013850503106006
If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due
dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly
repaid to Borrower or credited to Borrower on monthly installment<; of Funds. If the amount of the Funds held by Lender shall not
be sufficient to pay taxes, a<;sessment<;, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any
amount necessary to make up the deficiency in one or more payments as Lender may require.
Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds held by
Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no
later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
application a<; a credit against the sums secured by this Mortgage.
3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and
paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph
2 hereof, then to interest payable on the Note, and then to the principal of the Note.
4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations under any
mortgage, deed of trust or other security agreement with a lien which has priority over this Mortgage, including Borrower's
covenants to make payment<; when due. Borrower shall payor cause to be paid all taxes, assessments and other charges, fines and
impositions attributable to the Property which may attain a priority over this Mortgage, and lea<;ehold payments or ground rents, if
any.
5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
against loss by fire, hazards included within the term "extended coverage," and such other hazards as Lender may require and in
such amounts and for such periods a<; Lender may require.
The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that
such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to
Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender shall have the right to
hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien
which has priority over this Mortgage.
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.
If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date notice is
mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to
collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to the sums secured by
this Mortgage.
6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shaJl
comply with the provisions of any lease if this Mortgage is on a lea<;ehold. If this Mortgage is on a unit in a condominium or a
planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or
governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit
development, and constituent document<;.
7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Mortgage,
or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then Lender, at Lender's
option, upon notice to Borrower, may make such appearances, disburse such sums, including reasonable attorneys' fees, and take
such action as is necessary to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan
secured by this Mortgage, Borrower shall pay the premiums required to maintain such insurance' in effect until such time as the
requirement for such insurance tenninates in accordance with Borrower's and Lender's written agreement or applicable law.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become
additional indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment,
such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing contained in this
paragraph 7 shall require Lender to incur any expense or take any action hereunder.
8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that
Lender shall give Borrower notice plior to any such inspection specifying reasonable cause therefor related to Lender's interest in
the Property.
. -76N(WY) (0308)
®
Form 3851
CHL (08/05)
Page 3 of6
,. ','-l',' ' If~",:::
~'I:': ~~~:;:]:':~iJ:,
~~~~~j¿:;:;:1
:m~~~ili~;~m!;~;;¡!~
,....._.-"'..,~..--'-..-.._-.. ."'.... _....~-~.~---'--_.~
0920059 C00857
DOC ID #: 00013850503106006
9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and
shall be paid to Lender, subject to the tenns of any mortgage, deed of trust or other security agreement with a lien which has
priority over this Mortgage.
10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of
amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to
release, in any manner, the liability of the originaJ Borrower and Borrower's successors in interest. Lender shall not be required to
commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. Any
forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shaJI not be a waiver
of or preclude the exercise of any such right or remedy.
11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein
contained shaJI bind, and the right,> hereunder shaJl inure to, the respective successors and assigns of Lender and Borrower,
subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any
Borrower who co-signs this Mortgage, but does not execute the Note, (a) is co-signing this Mortgage only to mortgage, grant and
convey that Borrower's interest in the Property to Lender under the tenns of this Mortgage, (b) is not personally liable on the Note
or under this Mortgage, and (c) agrees that Lender and any other Borrower hereunder may agree to extend, modify, forbear, or
make any other accommodations with regard to the tenns of this Mortgage or the Note without that Borrower's consent and
without releasing that Borrower or modifying this Mortgage as to that Borrower's interest in the Property. .
12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to' Borrower
provided for in this Mortgage shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower at
the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any
notice to Lender shaJI be given by certified mail to Lender's address stated herein or to such other address as Lender may
designate by notice to Borrower as provided herein. Any notice provided for in this Mortgage shaJI be deemed to have been given
to Borrower or Lender when given in the manner designated herein.
13. Governing Law; Severability. The state and 10caJ laws applicable to this Mortgage shaJl be the laws of the jurisdiction
in which the Property is located. The foregoing sentence shall not limit the applicability of federal law to this Mortgage. In the
event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect other
provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this end the provisions
of this Mortgage and the Note are declared to be severable. As used herein, "costs," "expenses" and "attorneys' fees" include all
sums to the extent not prohibited by applicable law or limited herein.
14. Borrower's Copy. Borrower shaJl be furnished a confonned copy of the Note and of this Mortgage at the time of
execution or after recordation hereof.
15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilitation,
improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option, may require
Borrower to execute and deliver to Lender, in a fonn acceptable to Lender, an assignment of any rights, claims or defenses which
Borrower may have against parties who supply labor, materials or services in connection with improvements made to the
Property.
16. Transfer of the Property or a Beneficial Interest in Borrower. If aJl or any part of the Property or any interest in it is
sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natura] person) without
Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Mortgage.
However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Mortgage.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shaJl provide a period of not
less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
Mortgage. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by
this Mortgage without further notice or demand on Borrower.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage,
Lender prior to acceleration shall give notice to Borrower as provided in paragraph 12 hereof specifying: (1) the breach;
Form 3851
. -76N(WY) (0308)
®
CHL (08/05)
Page 4 of 6
",~....,·-=-',L~'''''·_'<'·'· .
"
0920089
rfì
\., U C 8 5 8
DOC ID #: 00013850503106006
(2) the action required to cure such breach; (3) a date, not less than 10 days from the date the notice is mailed to Borrower,
by which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice
may result in acceleration of the sums secured by this Mortgage. The notice shall further inform Borrower of the right to
reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other defense
of Borrower to acceleration and sale. If the breach is not cured on or before the date specified in the notice, Lender, at
Lender's option, may declare all of the sums secured by this Mortgage to be immediately due and payable without further
demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
collect all reasonable costs and expenses incurred in pursuing the remedies provided in this paragraph 17, including, but
not limited to, reasonable attorneys' fees.
If Lender invokes the power of sale, Lender shall give notice of intent to fort\close to Borrower and to the person in
possession of the Property, if different, in accordance with applicable law. Lender shall mail a copy of a notice of the sale
to Borrower in the manner provided in paragraph 12 hereof. Lender shall publish the notice of sale and the Property shall
be sold in the manner prescribed by applicable law. Lender or Lender's designee may purchase the Property at any sale.
The proceeds of the sale shall be applied in the following order: (a) to all reasonable costs and expenses of the sale,
including, but not limited to, reasonable attorneys' fees and costs of title evidence; (b) to all sums secured by this
Mortgage; and (c) the excess, if any, to the person or persons legally entitled thereto.
18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage due to
Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued
at any time prior to the earlier to occur of (i) the fifth day before sale of the Property pursuant to the power of sale contained in
this Mortgage or (ii) entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender alJ sums which would be then due
under this Mortgage and the Note had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or
agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing
the covenants and agreements of Borrower contained in this Mortgage, and in enforcing Lender's remedies as provided in
paragraph 17 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as Lender may
reasonably require to assure that the lien of this Mortgage, Lender's interest in the Property and Borrower's obligation to pay the
sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the
obligations secured hereby shall remain in fulJ force and effect as if no acceleration had occurred.
19. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additionaJ security hereunder, Borrower
hereby assigns to Lender the rents of the Property, provided that Borrower shaJl, prior to acceleration under paragraph 17 hereof
or abandonment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 17 hereof or abandonment of the Property, and at any time prior to the expiration of any
period of redemption following judicial sale, Lender, in person, by agent or by judicialJy appointed receiver, shall be entitled to
enter upon, take possession of and manage the Property and to colJect the rents of the Property including those past due. All rents
collected by Lender or the reCeiver shall be applied first to payment of the costs of management of the Property and collection of
rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the
sums secured by this Mortgage. Lender and the receiver shall be liable to account only for those rents actually received.
20. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to
Borrower. Borrower shall pay all costs of recordation, if any.
21. Waiver of Homestead. Borrower hereby waives all right of homestead exemption in the Property.
REQUEST FOR NOTICE OF DEFAULT
AND FORECLOSURE UNDER SUPERIOR
MORTGAGES OR DEEDS OF TRUST
Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which has priority
over this Mortgage to give Notice to Lender, at Lender's address set forth on page one of this Mortgage, of any default under the
superior encumbrance and of any sale or other foreclosure action.
Form 3851
G -76N(WY) (0308)
®
CHL (08/05)
Page 5 016
lliillllli~m
. ¡~ ;~~i~Œ~];¡~~~ ~::::
,", . ~, '" . .
'\
09200rj9
cn0859
DOC 10 #: 00013850503106006
IN WITNESS WHEREOF. Borrow"," hasexecuted thi, Mortgag~, ~ ~ ~ k (Seal)
~:eHR ) ~ ~B~w"
í!Ii:r ¿Y /Ii 1> Ii /J1. III e1Il2- C:ZtJ If 72 7 I
LYNDA M NEHR, TRUSTEE OF THE LINDA M
NEHR TRUST DATED JUNE 7, 2004
(Seal)
- Borrower
(Seal )
-Borrower
(Seal)
-Borrower
{Sign Original Only]
by
The foregoing instrument was acknowledged before me this
h \ f\ ~ R \"n eVc _\\ ('
\
L\ f\tO\ n County ss:
\5+tl Ja C( () ~
c::.. \ W't £'( , 2.00(0
STATE OF WYOMING,
~-~-~...--._-
KIM SCHAIe . NOTARY
Ccunt¡ct I>. s-..
....,. ..' ~
My Ccmmissio(i EJcp/NI7....
.'" ..
....~.(£~_JG
~ \ m ~ ~Yìy ¡~b·e;v .
My Commission Expires:
¡'c?<C.01
. -76N(WY) (0308) CHL (08/05)
@
Page 6 ot6
Form 3851
"'~_."~'_-.-..--..~.......,~"".'... .-~"'-..~~"',,,,,--,. '.4.~_'·'_~""'-.,·-,-·.",_- _.._ .
.. -. ....... ..,'-.....,~,~.. , "~.." -."
",: ".,.......',.,-...,...............-.-..0'.. ...
.-:......""".."........"'~-""-,....."',,.->.,""......,."'..~,.~'".,...,..,.....
.''--''o.:~''-"'''''''''''"-'''''''' .'. ¥.' ...,,, .
., ..,--'....,-.....,..,-
0920089
C00860
APN Number: 31192410028000
Order No.: 2449362
EXHIBIT "A"
THE FOLLOWING DESCRIBED REAL ESTATE, SITUATE IN LINCOLN COUNTY, STATE OF
WYOMING, TO-WIT:
PART OF SECTION 24, T31 N R119W OF THE 6TH P.M., LINCOLN COUNTY, WYOMING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT 60 FEET NORTH OF THE SOUTHEAST CORNER OF THE NE 1/4 OF SAID
SECTION 24 AND RUNNING THENCE WEST 264 FEET;
THENCE NORTH 165 FEET;
THENCE EAST 264 FEET;
THENCE SOUTH 165 FEET TO THE POINT OF BEGINNING,
ALSO
PART OF SECTION 24, T31N R119W OF THE 6TH P.M., LINCOLN COUNTY, WYOMING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHEAST CORNER OF THE SE1/4NE1/4 OF SAID SECTION 24 AND
RUNNING THENCE WEST 264 FEET:
THENCE NORTH 60 FEET;
THENCE EAST 264 FEET;
THENCE SOUTH 60 FEET TO THE POINT OF BEGINNING.
WITH THE APPURTENANCES THERETO.
IIII~ "'·II,;,'/'.I
:millm~~~.:i:;;
:~~:¡:::~Ì!:~:::;:~1;
, ,1'·; "·I'~" ·.I.'!_i
"',~!:;:¡:.~: :.:.:.:<;
09200S9
(ì:ìCº61
'.' \.) .. u
INTER VIVOS REVOCABLE TRUST AS BORROWER -
ACKNOWLEDGMENT
After Recording Return To:
COUNTRYWIDE HOME LOANS, INC.
MS SV~79 DOCUMENT PROCESSING
P.O. Box 10423
Van Nuys, CA 91410-0423
Prepared By:
HEATHER FULLMER
2449362
[Escrow/Closing #]
00013850503106006
[Doc ID #]
BY SIGNING BELOW, the undersigned, Settlor(s) of the
~4V
LYNDA M NEH~TRUST
under trust instrument dated JUNE 07, 2004
LYNDA M. NEHR
, for the benefit of
MUL TISTATE INTER VIVOS REVOCABLE TRUST AS BORROWER/ACKNOWLEDGMENT
~-373R (0603) CHL (03/06)(d) Page 1 of 2 Initialsþ/A.M...J
5/04
VMP Mortgage Solutions, Inc.
*23991*
* 1 3 8 5 0 5 031 0 0 0 0 023 7 3 R *
0920089
C00862
DOC 1D #: 00013850503106006
acknowledges all of the terms and covenants contained in this Security Instrument and any rider(s) thereto and
ag'eesto be bound the,eby. C. J.
kNù ¿ -02;( -.; ¡J ¿
-Trust Settlor
-Trust Settlor
-Trust Settlor
-Trust Settlor
Borrower's last 4 of 88#: 0312
G-373R (0603)
@
CHL (03/06)
Page 2 of 2
~~¡;~~m~;mmi[j::
09200Ej9
n(\I"'I·(j63
\.' uUö
[Space Above This Line For Recording Data]
INTER VIVOS REVOCABLE TRUST RIDER
After Recording Return To:
COUNTRYWIDE HOME LOANS, INC.
MS SV-79 DOCUMENT PROCESSING
P.O. Box 10423
Van Nuys, CA 91410-0423
Prepared By:
HEATHER FULLMER
2449362
[Escrow/Closing #]
DEFINITIONS USED IN THIS RIDER.
00013850503106006
[Doc ID #]
(A) "Revocable Trust." The
LYNDA M NEH~TRUST
~(JOL/ J.~
Trust created under trust instrument dated JUNE 07, 2 004
LYNDA M. NEHR
, for the benefit of
(B) "Revocable Trust Trustee(s)."
LYNDA M. NEHR
trustee(s) ofthe Revocable Trust.
MULTISTATE INTER VIVOS REVOCABLE TRUST RIDER
Page 1 of 4
~-372R (0402) CHL (02/04)(d) VMP Mortgage Solutions (800)521-7291
Initial~
12/99
. 2 3 9 9 1 .
. 1 3 8 5 0 5 031 0 0 0 0 023 7 2 R .
09200b~
0C864
(C) "Revocable Trust Settlor (s)."
LYNDA M. NEHR
DOC ID #: 00013850503106006
settlor (s) of the Revocable Trust signing below.
(D) "Lender."
COUNTRYWIDE HOME LOANS, INC.
(E) "Security Instrument." The Deed of Trust, Mortgage or Security Deed and any riders thereto of the
same date as this Rider given to secure the Note to Lender of the same date made by the Revocable Trust, the
Revocable Trust Trustee(s) and the Revocable Trust Settlor(s) and any other naturaJ persons signing such Note
and covering the Property (as defined below).
(F) "Property." The property described in the Security Instrument and located at:
1771 STATE HIGHWAY 241
AFTON, WY 83110-9766
[property Address]
TillS INTER VIVOS REVOCABLE TRUST RIDER is made this FIFTEENTH
JUNE, 2006 , and is incorporated into and shall be deemed to amend and
Security Instrument.
day of
supplement the
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security
Instrument, the Revocable Trust Trustee(s), and the Revocable Trust Settlor(s) and the Lender further covenant
and agree as follows:
A. INTER VIVOS REVOCABLE TRUST.
1. CERTIFICATION AND WARRANTIES OF REVOCABLE TRUST TRUSTEE(S).
The Revocable Trust Trustee(s) certify to Lender that the Revocable Tmst is an inter vivos revocable
trust for which the Revocable Trust Trustee(s) are holding full title to the Property as trustee(s).
The Revocable Trust Trustee(s) warrants to Lender that (i) the Revocable Trust is validly created
under the laws of the State of ; (ii) the tmst instrument creating the
Revocable Trust is in full force and effect and there are no amendments or other modifications to the trust
instrument affecting the revocability of the Revocable Trust; (iii) the Property is located in the State of
WYOMING ; (iv) the Revocable Trust Trustee(s) have full power and authority
as tmstee(s) under the trust instrument creating the Revocable Trust and under applicable law to execute the
Security Instrument, including this Rider; (v) the Revocable Trust Trustee(s) have executed the Security
Instrument, including this Rider, on behaJf of the Revocable Trust; (vi) the Revocable Trust Settlor(s) have
executed the Security Instrument, including this Rider, acknowledging all of the terms and conditions contained
therein and agreeing to be bound thereby; (vii) only the Revocable Trust Settlor(s) and the Revocable Trust
Trustee(s) may hold any power of direction over the Revocable Trust; (viii) only the Revocable Tmst Settlor(s)
hold the power to direct the Trustee(s) in the management of the Property; (ix) only the Revocable Tmst
Settlor(s) hold the power of revocation over the Revocable Tmst; and (x) the Revocable Trust Trustee(s) have
not been notified of the existence or assertion of any lien, encumbrance or claim against any beneficiaJ interest
in, or transfer of all or any portion of any beneficial interest in or powers of direction over the Revocable Trust
Trustee(s) or the Revocable Trust, as the case may be, or power of revocation over the Revocable Trust.
2. NOTICE OF CHANGES TO REVOCABLE TRUST AND TRANSFER OF POWERS
OVER REVOCABLE TRUST TRUSTEE(S) OR REVOCABLE TRUST OR BOTH; NOTICE OF
CHANGE OF REVOCABLE TRUST TRUSTEE(S); NOTICE OF CHANGE OF OCCUPANCY OF
THE PROPERTY; NOTICE OF TRANSFER OF BENEFICIAL INTEREST IN REVOCABLE TRUST.
G-372R (0402) CHL (02/04) Page 2 of 4 Initials: 11.
® ~
~m~mmmmn
~!m~¡~1;
0920089
('. r f.. 8 6 c:)
...1 \.J \ '-.
DOC ID #: 00013850503106006
The Revocable Trust Trustee(s) shall provide timely notice to Lender promptly upon notice or
knowledge of any revocation or telmination of the Revocable Trust, or of any change in the holders of the
powers of direction over the Revocable Trust Trustee(s) or the Revocable Trust, as the case may be, or of any
change in the holders of the power of revocation over the Revocable Trust, or both, or of any change in the
trustee(s) of the Revocable Trust (whether such change is temporary or pennanent), or of any change in the
occupancy of the Property, or of any sale, transfer, assignment or other disposition (whether by operation of law
or otherwise) of any beneficial interest in the Revocable Trust.
B. ADDITIONAL BORROWER(S),
The tenn "Borrower" when used in the Security Instrument shall refer to the Revocable Trust, the
Revocable Trust Trustee(s) and the Revocable Trust Settlor(s), jointly and severally. Each party signing this
Rider below (whether by accepting and agreeing to the terms and covenants contained herein or by
acknowledging all of the terms and covenants contained herein and agreeing to be bound thereby, or both)
covenants and agrees that, whether or not such party is named as "Borrower" on the first page of the Security
Instrument, each covenant and agreement and undertaking of "Borrower" in the Security Instrument shall be
such party's covenant and agreement and undertaking as "Borrower" and shall be enforceable by Lender as if
such party were named as "Borrower" in the Security Instrument.
C. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN THE
REVOCABLE TRUST.
Unifonn Covenant 18 of the Security Instmment is amended to read as follows:
Transfer of the Property or a Beneficial Interest in Revocable Trust.
If, without Lender's prior written consent, (i) all or any part of the Property or an interest in the
Property is sold or transferred or (ii) there is a saJe, transfer, assignment or other disposition of any beneficial
interest in the Revocable Trust, Lender may, at its option, require immediate payment in full of all sums secured
by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
Applicable Law.
If Lender exercises this option, Lender shall give the Borrower notice of acceleration. The notice
shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15
within which Borrower must pay aJ] sums secured by this Security Instrument. If Borrower fails to pay these
sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security
Instrument without further notice or demand on Borrower.
~-372R (0402) CHL (02/04)
Page 3 of 4
Initial",~
, ,
.r n¡",\Q66
.... ,:1, U )
09200b9
YAM.
Trustee of the
LYNDA M NEHRLTRUST
~ð1 bv/0
Trust under trust instrument dated
for the benefit of
LYNDA M. NEHR
~
JUNE 07, 2004
- Borrower
Trus e of the
LYNDA M NEHRLTRUST
~¿7.ð( tfvwv
. Trust under trust instrument dated
for the benefit of
JUNE 07, 2004
- Borrower
~-372R (0402) CHL (02/04)
Page 4 of 4
~:;:+: :i:i:':i:~:';":
¡:"'.'i'-¡"""ot,.¡,.",
rè:~~~:2:~i::~:~;j