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000836
--- .__._--_._.~,-
After RecordingRetum To:
Wells Fargo Bank,. N.A.
. Attn: Document Mgt.
P.O. Box: 315ST
MACB6908-OlZ
BiIIingsr MY 59107-9900
RECBVED 8/28/2005 at 4:1 T PM
RECBVING#: 921820
BOOK: 631 PAGE 83&
JEANNE WAGNER
UNCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording: Datal
Accountnmnber. 65(J-650-2963767-OXXX Referenœnmnber: 20062004-90022(J
MORTGAGE:
DEFINITIONS
Words usecl in ImÌltiple- sections of this- document are defined below ancl other words are definecl elsewhere in this:
document Certain.mIes regarding the- usage of words used in this- document are also provided in Sectiorr 14-.
AIT\
(A) "Security rnstrument"' means this- document;.wlJ.iéh is datecl AUGUST lir ~ogether with all Riden to
this- document r
(B) "Borrower-- is MAl lHEW R W AHREN UNMARRIED AND CHRISTINA A HANSER UNMARRIED
AS JOINT TENANTS. Borroweris-the-mortgagorunderthis- Securityfustrument
(q "Lender--is Wells Fargo Bank,.N.A.. Lenderis- a National Bankorganizecl and existing under the- laws oftlre
Unitecl States of America. Lender's address is 101 North PhiIIips Avenuer Sioux: Fallsr SD 57104-. Lenderis the
mortgagee- under this- Security Instmment
(D) · "Debt Instrument"' means the prom:issory nore signed by Borrower and datecl AUGUST li, 2006. The- Debt
fustrument states that Borrower owes Lender TWELVE: THOUSAND THREE HUNDRED SIXTY-SEVEN
AND 001100THS Dollars- (US. $ 12,367.00) plus interest Borrower has- prom:isecl to pay this- debt in one- or more
regular Periodic Payments- ancl to pay the debt in full not later-than: SEPTEMBER 1, 2016.
(E) "Property"' means the property that is- describecl below under the: heading 'Transfer of Rights- in the Property."
(F) "Loan"' means- all amounts- owecl now or hereafter under the- Debt fustrument;. including withont limitatiorr
principal, interest. any prepayment charges. late charges ancl other fees ancl charges due- under the- Debt Tnstnunent;.
ancl also all SUIIJS due under this- Security fustmment;. plus interest
(G) "Riders'''' means all Riders- to this- Sec:w:ity fustrument that are executed by Borrower. The following Riders- are
to be executed by Borrower [check boxas- applicableI:
I NI A ( Leasehold Rider
I NI A [ Thircl Party Rider
I NI A [ Other( s)[ specifyI NI A
(H) "Applicable Law"' means an controlling applicable- federal law and,. to tlre e-xtent notpreemptecl by federal
WYOMING-CLOSED-END SECURITY INSTRUMENT
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000837
Jaw, Btate.and JOCAl BtatuteS, regulations, ordinances.and acimini~tive rules .and orders (iliat .have the effect of ~w)
.as well.as .all.applicable:final, ~on-lIppea1abJe judicial opinions. ¡
(1) "'Community Association Dues, Fees, .and Assessments~ .means.all dues, fees, .assessm~nts .and other cl1arges
1hat may be :ÏmpoBed on.Borrower or the Property by.a condomininm .associmion, .homeowners .association or .similar
orpnization. i
(J) ~ctronic Funds TrJU1Sfer~ .means .any tr.ansfer of funds, other than.a tr.ansaction originated by check, .draft,
or .similar pllper instrument, wJ1ich is .initiated 1brough.an -dectronic 1=min31, telephonic instrument, computer, or
magnetic tape .so .as to order, instruct, or .authorize .a finanr.ial institution to .debit or credit .an .account. .such tenn
includes, but is ~ot Jimited 10, point-of-.sa1e trnnsfers, Æltomated teller m(lr.niTIf~ transactions, tr.ansfers initiated by
telephone, wire tr.ansfers, .and .automated c1~arinr:nouse tr.ansfers.
(K) ""Miscellaneous Proceeds~ .means .any compensation, Bettlement, .aw.ard of .damageB, or proceeds paid by.any
íhird party (other 1han insurance proceeds pIDd under 1he coverages described:in .section -4) for: (i) .damage to, or
destruction of, the Property; (ii) concip.mn3tion or other taking of.all or .any part of the Property; (iii) convey.ance :in
lieu of cond~mn3tion; or (iv).misrepresentations of, or omissions liS to, the v.alue.andlor condition of the Property.
(L) ...Periodic P.ayment~' :means the .amounts .as they become due .for princip.al, 1ntereBt-IDld other charges .as
provided for :in the:Debt Instrument.
(M) ....successor in lntert$t ofBorrower~ .means.any party iliat.has taken title to the PIoperty, whether or .11ot 1hat
party.has .assumed.Borrower'B obligations under the:DebtInstrument.and/orthis .security lnstrument.
TRANSFER OF .RIGHT.s lNTHEPROPERTY
This Security Jnstrument .secures to lender: (i) the If:Pllyment of the Loan, .and .all renew.als, :extensions .and
modifications of1he :Debt Instrument;.and (ii)the perfonnance of.Borrower'B covenants -IDld .agreements under this
.security Instrument.andthe :Debt Instrument. For this purpoBe, .Borrower .does .hereby .:mortgage, p.ant .and convey
10 lender .andLender's Buccessors .and.assigns, with power of .sale, the followIDg describedproperty JOCAtetlin the
County
!Type of Recording Jurisdiction]
of LINCOLN
JNæne of Recording Jurisdiction]
.sEE ATTACHED F.XHTRTT
.12-2116-14-4-09-069
wJ1ich cmrent1y.has 1he .address of
KEMMERER
I City]
405PlNE AVE
I.street]
,VVyonring 83101-0000
lZip Code]
(~Ioperty Address~'):
TOGETHER WJTI-I.all1he improvements ~ow or .hereafter ~rected .on the property, .and .all :easements,
.appurtenanceB, .and iixtures ~ow or .hereafter .a part of the property. All replacements .and .additions Mal1 .also be
covered by this .security Instrument. All of the foregoing is referred to.in this .security Instrument.as the ~roperty."
The .Property Mal1.also include .any .additional property described:in .section20.
.BORROWER COVENANTS 1hat .Borrower is lawfully .seised of the estate .her~by conveyed .and.has the
:right to mortgage, Ef.ant.and convey1he Property .and iliat the Property is unencumbered, except for :encumbrances of
:recor.d.as of the ~xecution.date of this .security Instrument. .Borrower w.ammts .and will.defend geneIaliy the íitle 10
1he Property .against.all cla.ims.and cip.m3nci~, .subject to.any :encumbrances oÍIecord.
TINIFORM COVENANT.s. .Borrower.andLender covenant.and .agree.as fo11owB:
1. ~.ayment of~rincipJ1l, Interest, Prepayment.and Other Charges. .Borrower.shall pay when due 1he
principal of: .aÌ1d interest on, the debt ~videnced by the :Debt Instrument .and .any l'repllyment charges, late charges
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000838
.and Dther .charges due under the Debt Instrument. .Payments due under the Debt .Instrument lU1d 1his .security
lnstrument .shall be made.in U.S. ~mrency. lID wever, if .any ~heck Dr Dther .instrument received by Limder .as
:P<lyment under the Debt lnstrument Dr íhis ..security lnstrument is returned 10. Lender unpaid, Lender may Tequire
1hat.any or ~ 1mbsequent payments due under the Debt Instrument lU1d 1his Security lnstrument be made in one or
.more Dfthe fDllDwing fDImS, .as selected by Lender: (a) .cash; (b) money Drder; (c) ~ertified .check, bank.check,
1reasurer's .check Dr cashier's check, provided.any such check is drawn upDn .an .institutiDn w.hDse depDsits lITe
insured by 1I federallIgency, .instrumenta lity, or t:ntity; Dr (d) Electronic Emds TIaIlSfer.
PlIyments lITe deemed received by Lender w.hen re~eived lit the lDClltiDn designated.in (Dr .in .ac~ordance
with) the Debt lnstru.ment or lit such Dther IDClltion .as may be designated by Lender in lIccor.dance with the :notice
prDvisiDns in SectiDn D. Subject 10. Applicable Law, Lender may re1um .any payment or partial paymentif the
payment Dr partial payments lITe .insufficient 10. bring the Loan ~mrent. Limder may .accept .any payment or partial
payment .insufficient 10. bring the Loan ~mrent, withDut waiver Df.any rights .hereunder or prejudice 10. its :rights 10.
refuse.such:P<lyment or partial payments.in the future.
2. Application of.P Jly:ments Dr .Proceeds. TInless Dther procedurt:s lITe .set forth .in the Debtlnstrument
or ApplicableLaw,Lendermay lIpply:P<lyments.in.any Drder that Lender deems.appropriate.
Any Jlpplication Df payments, .insurance proceeds, Dr MisCellaneDUS PrDceeds 10. principal due under the
Debt 1nstrument .shall11Dt extend Dr pDstpDne the due date, Dr rllange the llIDDunt, Df the PeriDdic PlIyments.
3. Charges; Liens. BorrDwer.shall:P<lY Jill íaxes, .assessments, .charges, :fines, .and .llnpositions
llttributable 10. the Property w1rich am .attain priority Dver 1his Se~urity Instrument, leasehold payments or jµ"Dund
Tents on the Property, if .any,.and Commnnity AsSDciationDues, :Fees, lU1d Asse¡;¡;ment¡;, if .any.
BorrDwer .shall prDmptly .discharge .any lien which .bas priority Dver 1his ..security lnstrument unless
BorrDwer: (1I) lIas disclDsed.such lien 10. L-ender Jlt .appliClltion for the Loan Dr .agrees.in vmting 10. the payment Df the
DbligatiDn .secured by the lien in 1I .manner .acceptable 10. Lender, but only .so. long .as Borro.wer is performing .such
.agreement; (b) ~OnteStS the lien in Eo.Dd faith by, or defends llgainst i:IÚDr~ement Df the lien in,leEal prDceedings
w1rich in Lender'.s Dpinion Dperate 10. prevent íhe i:IÚorcement of the lien wlille thDse proceedings Me pehding, but
only .:until such proceedings lITe ~oncluded; Dr (c) .secures from íhe.holder Df 1he lien .an llgreement .satisfactDry 10.
Lender .subDTdinatlng 1he lien 10. 1his Security lnstrument. 1f Lender determines that .any part Df 1he PrDperty is
.subject 10. lIlien that am.attain priDrity Dver íhis Se~urity lnstrument .and w1rich was 11Dt disclDsed on the .applicatiDn
for 1heLoan that BorrDwer provided 10. Lender, Lender may give BorrDwer 1I :notice iden1:ify:in.g the lien. Within 10
days Df the date on w1rich that 11Dtice is Eiven, Borro.wer .shall .satisfy 1he lien or:take one or.more Dfthe .actions
.satisfactDry 10. Lender .set forth .abDve .in íhis Section 3.
Lender may require BDrrDwer 10. pay II one-1íme .charEe fDr 1I real estate 1ax verification .and/Dr reporting
.service used by Lender in connection with 1his Loan.
4. .Property lnsur.ance. Borro.wer.shall Jœep the .llnprovements 11DW existing or .hereafter erected on the
:PrDperty insured .against IDSS by :fire, .hazards included within the 1enn "'extended ~Dverage," lU1d.any other .hazards
inc.ludin.g, but 11Dt limited 10., earthquakes .and :flDDds, for w1rich Limder requires .insur.ance. Tlús lmmTanc.e .shall be
-malntained.in the .amounts (illdnnlnz .deducnòle levels) .and fDr the periDds that Lender requires. W1lat Lender
requires pursuant 10. the preceding .sentences can .change during the tenn Df the Loan. The .insurance .carrier
prDviding 1he .insurance .shall be .chosen by BorrDwer .subject 10. Lender's :right to' disapprove BDrrDwer'.s cho.ice,
which:right .shall nDt be exercised unr-easonably. Lender may Iequire BDrrDwer to' pay, .in ~onnection with íhis Loan,
:either: (1I) 1I one-1íme .charge £Dr :flDDd :zone determination, ~ertificatiDn.and tTado11£ .services; Dr (b) 1I one-1íme
.charge £or :flDDd :ZDne .determlnatlon lU1d ~ertification .services .and subsequent .charEes :each 1íme Iemappings or
.similar rllanges DCcur w1rich r-easDnably .:might J1ffi:ct such determinatlon or ~ertification. BorrDwer .shalllllsD be
:responsible fDr íhe :P<lyment of .any fees .llnpDsed by the :F:ederal Emergency Man.ai?;ement Agency .in ~onnection with
the review of .any :flDDd:zone deteTT11111atlDn IesuJting from.an objection by BDrrDwer.
JfBorrDwer £ails 10. TT1ailltain.any Df the cDverages descñbedllbDve, Lender may Dbtain .insurance ~Dverage,
JltLender's optiDn.andBorro.wer'.s expense. Lender is under11D obligation 10. purchase.anyparticulartype or .amount
of ~o.verage. TherefDre,.such ~Dverage.shall CDver Lender, but J11ÏEht or.:might:not prDíectBorrDw:er, BorrDwer's
:equity in 1he PrDperty, or the ~ontents Df the PIOperty, .against .any:risk, l1azard or liability lU1d might provide peater
or lesser ~Dverage than w.as previDusly in effe~t. BorrDwer .acknDWledges that the ~DSt of the immTallce ~Dverage .sO.
Dbtained 'might .signifiCBIrtly :exceed the £ost of .insurance that Borro.wer CDuld .have obtained. Any.amounts
I I
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WYO~G-CLOSED-ÆND SECIJRITY INSTRUMENT (poge3 0/13 poges)
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000839
.disbursed by lender under this Section 4 .shall become .additianal debt af Barrawer .seemed by :this Security
.Instrument. These.amounts.shall beM interest .at the Iate lq)plicable to. the Debt .Instrument fram time to. time, .from
the date af .disbursement .and .shall be payable, with.such :interest, upon .notice from lender to. Borrawer Iequesting
payment.
All insurance palicies Iequired by Lender .and Ienew.a1s af.such palicies.shall be .subject to. lender's:right to.
.disapprove .such palicies, .shall mc1ude a standard mortgage clause,.and.shall.name Lender .as mortgagee lilldJ ar .as .an
.additiona11ass payee .and Borrawer further .agrees to. Eener.a11y .assign ~ to. insurance praceeds to. the halder af
the Debt1nstrument up to. the .amaunt af the auts1:and.ing laan balance. Upan lender'.s Iequest, Barrawer .shall
promptly give to. Lender capies af.all palicies, Ienew.a1 certificates, Ieceipts af paid preminm~ .and Ienew.a1.notices.
lfBarrawer abtains.any fonn af insurance caverage, nat atherwise Iequired by Lender, far .damage to., ar destruction
of, the PIaperty, .such policy .shall include .a .standard mortgage clause .and .shall.name Lender .as mortgagee lilldJ ar .as
.an .additianalloss payee .and Borrawer further ligrees to. generally .assign:rights to. insurance proceeds to. the halder af
the Debtlnstrument up to. the .amount af the autstanding loan balance.
.In the event af lass .and .subject to. the.rights af.any lienhalder with :rights to. insmance proceeds that .are
.superior to. lender'.s:rights, the fallawIDg provisians in this Section 4 .shall.apply. .Borrawer.shall give promptnatice
to. the insurance carrier .and lender. Lender.may make praaf af lass .if nat.made promptly by Barrawer. Unless
lender .and Barrawer atherwise .aNee .in writing, .any insurance praceeds, whether ar nat the underlying insurance
w.as Iequired by Lender, .shall be .applied to. Iestaratian ar Iepair af the J>IOperty, .if the Iestaration or Iepair is
econamically feasible .and Lender'.s .security is nat le.ssened. During .such IepaIT .and Iestoration periad, lender .shall
.have the .:right to. hald such insurance proceeds until Lender .has .had.an appartunity to. inspect .such .PIaperty to.
:ensme the work.has been completed to. Lender'.s .satisfaction, provided that .such inspection .shall be undertaken
promptly. Lender.may disburse proceeds .far the IepairS .and Iestara1Ïan in .a .single payment ar.in.a .series af proNess
payments .as :the wark is campleted. Unle.ss.an .agreement is .made .in writing ar Applicable law Iequires .interest to.
be paid on .such insurance proceeds, lender .shall nat be Iequired to. pay Borrawer .any :interest or earnings an.such
proceeds. Fees.for public .adjusters, ar ather 1hirdpæ1ies, Ietained by Barrawer .shall nat be paid but af the
insurance praceeds .and .shall be the .sale obligation af Barrawer. ]f the Iestaration ar Iepair is nat econo.:mical1y
feasible ar I..-ender'.s .security wauld be le.ssened, :the insurance proceeds.shall be .applied to. the .sums .seemed by:this
Becurity lnstrument, whether or nat then .due, with theexce.ss, .if .any, paid to. .Borrawer. Such insurance praceeds
.shall be .applied.in the arder pravided far in Sectian2.
1fBorrawer .abandons the PIOperty, Lender.may 1ile, nezatiate .and .settle.any .av.ailable insurance claim.and
Ielated .matters. ]fBarrawer .daes no.t Iespond within 30 day.s to. .a no.tice .fram Lender that the insurance carrier has
offered 10. .settle .a claim, then Lender.may neEatiate .and .settle :the claim.. The 3D-day periad will begin when the
natice is given. .In either event, ar .if Lender .acquires the .PIOperty under Sectian21 ar atherwise, Borrawer hereby
.assigns to. Lender (a) Borrawer'.s .:rights to. .any insurance proceeds.in.an .amaunt no.t to. exceed the .amo.unts unpaid
under the Debt lnstrument or:this Security Jnstrument,.and (b) .any ather afBarro.wer'.s:rights (ather than the .right to.
.any Iefund af IIn~aTm~d premiums paid by:Borrawer) under .all insurance palicies cavering the PIOperty, insafar.as
.such:rights.are .applicable 10. the caverage afthe Property. Lender.may llSe the insurance proceeds either to. Iepall or
Iestore the PIOperty or 10. pay.amounts unpaid under the Debt Jnstrument ar:this Security 1nstrument, whether or.not
then.due, .subject 10. the:rights af.any lienho.lder with.rights to. insmance proceeds that.are .superiar to. Lender's .:rights.
5. Occupancy. .Borrawer.shall accupy, establish,.and use :the.Property .as Borrawer'.s principalIesidence
within 60 days .after the executian af:this Security lnstrument .and .shall continue to. accupy the .PIOperty .as
.Barrawer'.s principal Iesidence far.at least one YeM.after the date of accupancy, 1II1less (.a) Barro.wer.has disclased to.
lender .at .applicatian far the lo.an that the .Praperty .shall nat be .Borrawer's principal Iesidence; (b) lender
atherwise .agrees .in writing, wlrich cansent .shall no.t be unreasonably withheld; ar (c) unless extenuarinE
circumstances existw.hich.are beyandBarrawer'.s cantral.
6. ]>reserv.ation, M.ainten.ance .and .Protection of the ]>roperty;Inspections. .Borrawer.shall no.t
.destro.y, .damaze ar.impair the .PIOPerty, .allo.w the Praperty 10. deteriorate ar cammit w.aste on the J>IOperty. Whether
or not Borrawer is Iesiding .in the .PIOperty, Barro.wer .shall -maintain :the Pro.perty in arder to. prevent the .Pro.perty
.fram .deteriarating ar decreasing .in v.alue due to. its cnnilitinn. Unless it is .detennined pmsuant to. Sectian 4 that
Iepalr or Ie.staratÏon is no.t econa:mical1y fusible, .Borro.wer .shall promptly Iepair the PIOperty .if .damaged 10. .avoid
:finther deteriQration ar .damage. 1f insurance ar cnnilp.mnation proceeds.are paid.in connectian with .damaEe 10., ar
WYOMlNG-CLOSED-END .sECURITY lNSTRUMENT
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:the taking of, :the J>IOperty, :Borrower .shall be Iesponsible for Ieplliring or Iestoring íhe J>roperty only jfLender .has
Ieleased proceeds for such pwposes. Lender may illsburse proceeds for íhe IepairS lI.lld restoTIition in .a .single
payment or in.a series of progress payments.as íhe work is l:ompleted. IT íhe insunmce or l:oncip.mnation proceeds
lITe not .sufficient 10 Iepair or restore the PIOperty, Borrower is not relieved of .Borrower'.s obligation for íhe
..completion of .such repair or restoration.
Lender or its lIgent may make reasonable entries upon lI.lld inspections of the PIOperty. IT it l1as :reasonable
.cause, .Lender may inspect íhe interior of the .improvt:mentson the Property. Lender.shall .give Borrower notice .at
1he 1ime of or prior 10 such.an interior inspection .specifying .such reasonable aluse.
ï. Ðorrower's Loan Application. Borrower.shall be in Default if, .during the Loan .application process,
Borrower or .any persons or t:ntities .acting .at íhe direction of Borrower or with .Borrower'.s lmowledge or consent
.Eave :materially false, :misleading, or inacc1lülte information or .statemp.nts 10 Lender (or failed 10 provide Lender
with:material infonnation) in l:onnection with the Loan. Material :representations include, bnt lITe not limited 10, (a)
Iepresentations concernÏnE .Borrower's occupancy of íhe Property .as .Borrower's principal :residence.and (b) liens on
1he Property that.have priority over this SecurityJnstrument.
8. .Protection ofLender'slnteres1:in 1he .Property JUldBights Under this Security 1ns1:rnmen:t. IT (a)
.Borrower fails 10 penmm:the l:OVenants lI.lld .agreements l:ontainedin 1his Security 1nstrument or.any ohligation that
is secured by.a lien that is superior 10 this Security JnstnlT11P.llt, (b) there is .a lepl proceeding that might sïznifi cantly
.:affect Lender's interest in the Property .and/or :rights under this Security lnstrument (such.as .a proceeding in
.b.ankruptcy, probate, for l:omiemnation or frnfeiture, for enforcement of .any Jien wJúch:may .attain priority over 1his
.security lnstrument or to enforce Jaws or :re~tions), or (c) .Borrower.has .abandoned íhe Property, then Lender
EaY do .and pay for whatever is :reasonable or .appropri.ate 10 protect Lender's .interest in the Property lI.lld :rights
:under this Security Instrument, inclmling protecting.and/or .assessing íhe value of the J>roperty, lI.lld .secJ.1IÍng .and/or
.:repairing the PIOperty. Lender's :actions .can .include, but lITe not limited 10: (.a) paying .any .sums secured by.a lien
which has priority over this Security lns1rumení; (b) .appearing in l:ourt; lI.lld (c) paying :reasonable.attomeys' fees 10
protect its interest in :the .Property .and/or:rights under this .security lnstrumem, inclnilinz its secured pOsilion in.a
bankruptcy proceeding. SecJ.1IÍng the .Property includes, but is :not limited 10, entering the Property 10 :make :repairs,
cl1ange locks, :replace or board up doors .and windows, drain w.ater:from pipes, rliminate building or other code
-violations or da.n.gerous conditions, .and have ntilities turned on or off. Although Lender:may take :action under this
.section g,.Lender does:not.have 10 do so.andis:not under.any.duty or obligation 10 do so. 11 is .agreed thatL-ender
incurs no liability for not íaking.any or.an .actions .authorized under:this .section 8.
Any .amounts disbursed by.Lender 1II1der :this Section 8 .shall become .additional Debt of .Borrower .secmed
by 1his .security lnstrument. These .amounts .shall bear interest .at the :rate .applicable 10 the Debt lnstrument :froml1ime 10 :time, :from :the date of disbursement .and .shall be pay.able, with such .interest, upon :notice :from Lender 10
Borrower :requesting payment.
Jf this Security lnstrument is on.a leasehold, .Borrower .shalll:omply with .all íhe provisions of íhe lease. Jf
:Borrower :acquires fee title 10 the,J>roperty, íhe leasehold.and íhe fee 1it1e.shall :not :merge unless Lender .agrees 10 íhe
.:merger in wr.iting.
9. Assignment of Miscell.aneous .Proceeds; .Forfeiture. All Misccllaneous .PIoceeds lITe .hereby
.assigned 10 .and.shall be p.aid 10 Lender, subject 10 íhe.r:iWrts of .any lienholder with:rights 10 Miscellaneous .Proceeds
that.are .superior10Lender'.s.r:iWrts.
1f the .Pmperty is damaged, such Miscellaneous .Pmceeds .shall be .applied to :restoration or :repair of the
.Property, jfíhe Iestoration or:repair is uonomica1ly:feasible.and .Lender's security is not lessened. ])J.1IÍng such
Iepair .and :restoTIition period, Lender .shall.have íhe :right 10.hold .such Misccllaneous .PIoceeds 1.1I1ti1.Lender l1as.had
..an opportunity 10 inspel:t .such .Pmperty 10 f:DSure the work.has been l:ompleted 10 Lender'.ssatisÎaction, pmvided
that.such inspection .shall be· undertaken promptly. Lender :may pay .for the :repairs .and Iestoration in .a.single
illsbursement or in.a .series of progress p.ayments .as the work is l:omp1eted. TInless.an .agreement is :made in wr.iting
or Applicable.Law Iequires interest 10 be paid on such Misccllaneous .Proceeds, Lender .shall not be :required 10 pay
Borrower .any .interest or :earnings on such Misccllaneous PIoceeds. .subject 10 íhe:rights of .any lienholder -VId1:h
:rights 10 Miscellaneous Proceeds that lITe superior 10 Lender's :riþ, jf the :restoration or :repair is :not :economically
:feasible or Lf:llder's .security would be lessened, the Misccllaneous .PIoceeds.shall be .applied 10 íhe sums secured by
000840
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'~~~
WYOMING-CLOSED-END SECURITY JNSTRUMENT
RCWF#3v6 (1121/05)
IIIlnlmmœDmlBm~mœlll/lJlDllllmDmmllE
(page5 of13pages)
Documents ProcesseD 08-22~006, 08:D;49
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1his .security 1nstrument, whether or JlOt then due, with :the -excess, if .any, paid to Borrower. Such Miscellaneous
.Proceeds Bhall be llpplied.in:the order provided for.in Section2.
I I Subject to :the.rights of .any lienholder with .rights to Miscellaneous .PIOceeds :that Me superior to Lender's
IigbtS, .in :the event of II total taking, .desíruction,or 10ss.in vll1ue of:the .Property, :the Miscellaneous Proceeds Bhall be
llpp~dto :the sums secured b.y:this Security 1nstrument, w.hether or not then due, with :the excess, if .any, paid to
Borrower.
! I In :the event of II partial taking, .destruction, or loss .in vll1ue of the .PIOperty.in w.hich :the fair market vll1ue of
:the Property immediately before :the partial taking, .destruction, or 10ss.in vlllue is equal to or greater than :the .amount
of:the sums secured by:this Security 1nstrument immediately before :the partial taking, desíruction, or loss .in vll1ue,
unless Borrower .and Lender otherwise llgree.in writing, :the sums secured by :this Security Instrument shall be
Ieduced by:the .amount of:the Miscellaneous PIOceeds muhiplied by:the following fraction: (a):the total .amount of
:the sums secured immediately before :the partial taking, .destruction, or loss .in vlllue divided by (b) :the fair market
vll1ue of:the .Property immediately before :the partial taking, desíruction, or loss .in vll1ue. Subj ect to :the Iights of .any
lienholder with Iights to Miscellaneous .PIOceeds :that.are superior to Lender's Iights, .any bll1.ance shall be :paid to
ì3orrower.
In :the event of II partial taking, .destruction, or loss .in vll1ue of:the Property .in w.hich :the fair market v.aJue of
:the ]>IOPerty immediately before :the partial taking, destruction, or loss .in vlllue is less :than :the .amount of:the sums
.secured immediately before :the partial taking, .destruction, or loss.in vll1ue, unless Borrower .and lender otherwise
..agree .in writing, :the Miscellaneous .PIOceeds shall be ..applied to :the .sums secured by :this Security 1nstrument
whether or .not:the sums Me 1hen due, .subject to:the Iights of .any lienholder with Iights to Miscellaneous .PIOceeds
that Me superior to lender's Iights.
1£:the .PIOperty is ..abandoned by Borrower, or if: .after JlO1ice by lender to Borrower that:the Opposing.P.arty
(liS .defined.in :the next sentence) offers to make .an llw.ard to .settle II daim for damages, Borrower fails to respond to
Lender within 30 days.after:the .date :the notice is given, lender is .authorized to collect.and ~ply:the Miscellaneous
]>IOceeds either to Iestoration or Iepair of the Property or to :the .sums secured by:this Security 1nstrument, 'whether or
.not 1hen due, .subject to :the Iights of ..any lienholder with :rights to Miscellaneous PIOceeds that Me .superior to
Lender's Iights. "'Opposing .P.arty":means :the third party that owes Borrower Miscellaneous .Proceeds or:the party
..against w.homBorrower .has ..a :right of ..action.in regard to Miscellaneous .Proceeds.
:Borrower shall be .in .default if..any .action or proceeding, Vlhether civil or crimim11, is bepID :that, .in
Lender's jnrlzmp.nt, could result .in forfeiture of:the Property or other TI1atmal impainnp.nt of lender '.s .interest.in :the
.PIOperty or Iights under 1his Security lnstrument. Borrower !:all cure suc.h II default by .causing :the .action or
proceeding to be .dismissed with..a:ruling that, in lender's jllrlzmp.nt, JlIec1udes forfeiture of the PIOperty or other
Eaterial.linpainnent of lender's interest.in :the Property or Iights under:this Security 1nstmment. The proceeds of
..any..aw.ard or .claim for damages :that Me llttributable to :theimpainnffllt of lender's interest in :the .Property Me
.hereby..assigned.and shall be paid to Lender.
All Miscellaneous .Proceeds that .are .not ..applied to restoration or repair of the Property shall be ..applied in
:the oIderprovided for in Section 2, .subject to:the Iights of ..any lienholder with.rights to Miscellaneous .PIOceeds that
.are superior to Lender's Iights.
10. Borrower Not.Released;ForbearanceBy Lender Not.a W.aiver. F.xtp.mion of :the time for payment
or IDodific.ation of .amortization of :the sums secured by 1his Security 1nstrument grmrted by lender to Borrower or
.any Successor in1nterest of Borrower Bhall.not operate to Ix:1ease:the liability of Borrower or .any Successors.in
Jnterest of Borrower. Lender shall.not be Iequired to cnmmp.nce proceedings ..against..any Successor .in lnterest of
:Borrower or to refuse to extend 1ime :for payment or otherwise IDOdify lIIDOrtization of:the sums secured by :this
Security 1nstrument by reason of .any rlP.Tl1anrl :made by 1he original :Borrower or .any Successors .in lnterest of
.Borrow.er. .Any :forbearance by lender in exercising .any:right or remedy including, without limitation, Lender'.s
.acceptance of payments from third persons, entities or Successors inlnterest of Borrower or.in.amounts l~s :than :the
lIIDount then due, Bhall.not be..a waiver of or preclude 1he exercise of ..any :right or Iemedy.
11. Joint.and Bever.al Liability; Co-mortgagors; Successors and Assigns Bound. Borrower .covenants
.and llgIees :that Borrower's obligations .and liability Bhall be joint.and sev~. Bowev.er,.any Borrower w.ho .signs
1his Security 1nstrument but rioes JlOt execute :the Debt 1nstrument (ll ".co-.mortgagor"): (ll) is signing :this Security
lnstrument ocl.y to IDOrtgage, gr.ant..and .convey:the .co-mortgagor's .interest.in:the Property under:the:tenus of1his
WYOMING-CLOSED-END .sECURITYINSTRUMENT
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000842
.security 1nstrument; (b) is Æ>t personally obligated to pay 1he.sums .secmed by this Security lnstrument; .and (c)
.agree.s that Lender .and.any other Borrower !:aD agree to extend, modify, forbear or.make.any .accommodations with
:regard to 1he terms of this Security lnstrument or 1he Debt1nstrument without:the co-mortgagor' s consent.
Subject to the provisions of Section 16, .any Successor :in .Interest of Borrower who ..assumes Borrower's
obligarions under this Security lnstrument:in writing, .and is .approved by Lender, .shall obtain.all of Borrower'.s
.rights .and benefits llllIier this Security lnstrument. Borrower .shall.not be Ieleased from Borrower'.s obligarions.and
liability under this Security lnstrument unle.ss Lender .agrees 10 .such Ielease :in writing. The covenants .and
.agreements of this Security 1nstrument.shall bind (except.as provided:in Section 17) .and benefit 1he .successors .and
.assigns of Lender.
12. Lo.an Charges. Lender.may .charge Borrower fees for .services performed .ill connection with
Borrower'.s default, for 1he purpo.se of protecting Lender'.s :interest.ill 1he :Property .and .rights llllIier this Security
1nstrument, :including, but .not limited to, .attorneys' fees, property inspection.and v.a1uation fees. 1n Iegard to .any
other fees, 1he .absence of express .authority :in this .security lnstrument to .charge a .specific fee to Borrower .shall.not
be construed.as.a probibition on 1he .charging of .such.fee. Lender.may .not .charge fees that are expressly proluòited
by this Securitylnstrument or by Applicable Law.
I ,If the Loan is .subject to a Jaw w.hich .sets -maximum loan .charges, .and that law isiinally .:ÎnteIpreted .so that
-ß1e 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 Ieduced by 1he amount .necessary to Ieduce 1he .charge to the pennitted
limit; ¡aoo (b) .any .sums .already collected from Borrower which exceeded pennitted limits will be Iefunded to
Borro}Ver. Lender.may choo.se to.make this Iefund by Ieducing 1he principal owed under:the Debt1nstrument or by
TnalcinE.a ilirect payment to Borrower. If a Iefund Ieduces principal, 1he Ieduction will be treated.as .a partial
prepayment without .any prepayment .charge (whether or not .a prepayment .charge is provided for under :the Debt
lnstrument). Borrower'.s .acceptance of .any .such Iefund.made by ilirect payment to Borrower will constitute .a
waiver of .any right of .action Borrower.:mightbave arising out of such over.charge.
, , 13. Noüces. U.nless otherwise described :in 1he Debtlnstrument or .ill another .agreement between
Borrower .and Lender, :the following provisions Iegarding .notices .shall .apply. All notices given by Borrower or
Lender :in connection with this Security lnstrument J111lSt be.ill writing. Any.notice to Borrower :in connection with
this Security 1nstrument.shall be deemed to.have been given 10 Borrower wl1en.:mailed by.:first class.:mail or wl1en
.actually delivered to Borrower'.s notice .address if .sent by other:means. Notice to.any one Borrower.shall constitute
.notice to .all Borrowers unless Applicable Law expressly Iequires otherwise. The .notice .address .shall be -ß1e
.PIOperty Address 11IÙesS Borrower bas .designated .a .sub.stitute .:notice.address by.notice to Lender. Borrower.shall
promptly notify Lender ofBorrower'.s change of .address. 1£ Lender .specifies.a procedure for :reporting Borrower'.s
change of .address, then Borrower .shall only Ieport.a change of .address through that specified procedure. There.may
be only one .designated notice .address for Borrower llllIier 1he Loan.at.any one time. Any notice to Lender .shall be
EÎven by .delivering it or by -mailinz it by:first class .:mail 10 Lender's .address .stated .bercin unless Lender .has
.designated .another .address by.notice to Borrower. Any .:notice.ill connection with this Security 1nstrument .shall not
be .deemed to .have been given to Lender llDtil.actually :received by Lender. 1£.any .notice Iequired by:this .security
lnstrument is also Iequired llllIier Applicable Law, 1he Applicable Law Iequirement will.satisfy the corresponding
:requirement under:this Security lnstrument.
14. Gover.ning Law; Severability; Rules of ConstrucÜon. This Security 1nstrument .shall be governed
by federal law .and, to the extent .not preempted by federal law, the Jaw of the jurisdiction.ill which:the ]>mperty is
located. All.rights.and obligarions contained .ill this Security 1nstrument are .subject to·.any Iequirements .and
limitations of Applicable Law. Applicable Law.might explicitly or implicitly .allow :the parties to .agree by contract
or it.:might be ment, but .such .silence .shall.not be construed.as .a probibition.against .agreement by contract. In the
:event that .any provision or clause of this .security lnstrument or the Debt 1nstrument conflicts with Applicable Law,
..such conflict .shall.not .affect other provisions of this Security 1nstrument or 1he Debtlns1rument w.hich !:aD be given
-effect without the conflicting provision.
As used :in :this .security lnstrument: (a) words of 1he ..:masculine gender .shall .:mean .and .include
-corresponding.neuter words or words of 1he feminine Eender; (b) words :in the .singular .shall:mean.and include 1he
plural.and v.ice versa; (c) the word '~y" gives .sole .discretion without.any obligation 10 take .any .action; .and (d)
heaili11£s :that .appear at the beginning of 1he .sections of this Security 1nstrument are :inserted for the convenience of
WYOMING-CLOSED-:END BEClJRIIY .INSTRUMENT
BCWF#3v6 (2121/05)
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000843
the Ieader only, .shall.not be deemed 10 be 11 part of this Security lnstrument, .and .shall.not limit, extend, or delint:ate
the .scope or provisions of this Secmity lnstrument.
15. Borrower's Copy. Borrower.shall be given one copy of the .Debt lnstrument.and of this Security
Instrument.
16. Transfer of the .Property or 11 Beneficial lnterest in Borrower. As used ID this Section 16, ·:Interest
in the .Property" :means IDlY legal or beneficial interest ID the .PIOperty, .including, but .not limited 10, those beneficial
IDterests 1I:ansferred ID 11 boud for deed, contract for deed, .installment .sales contract or escrow.agreement, the .intent
of wlrich is the 1ransrer of title by Borrower llt 11 future date to 11 purchaser.
IT.all or -IDlY part of the Property or IDlY Jnterest ID the Property is .sold or 1Tamrrerred (or if Borrower is .noh
.natunù person.and 11 beneficial interest ID Borrower is sold or tnmsferred) without Lender's prior written .consent,
Lender may Iequire ;mm~diate paymentID :full of .all.sums secured by this Security 1nstrument. 1:Iowever, this
option .shall.not be exercised by Lender if .such exercise is prohibited by Applialble Law.
Jf.Lender exercises this option,.Lender .shall give Borrower .notice of llCceleration. The .notice.shall provide
11 period of .not less than 30 days .from the date the .notice is given ID llCcordance with Bection 13 within wlrich
:Borrower:must pay .all.sums secured by this Security 1nstrument. JfBorrower fails 10 pay these.sums prior 10 the
expiration of this period, .Lender may IDvoke llIlY Iemedies pennitted by this Security lnstrument without further
.notice oril~m:mil onBorrower. I
.17. Bale ofDebtlnstrument; Change of Loan Servicer; Notice of Grievance. TheDebtlnstrument or 11
partiaLùúerestID the Debt lnstrument (together with this Security lnstrument) can be sold one or more times without
prior .notice 10 Borrower. A.sale.:might Iesult in 11 change ID the entity (known.as the '1oan Servicd') that .collects
:Feriodic :FllymentS due under the Debt lnstrument .and this Security 1nstrument .and performs other mortgage loan
..servicing obligations under the .Debt 1nstnunent, this Security 1nstrument, .and Applialble Law. There.also might be
one or IDOre changes of the Loan Servicer unrelated to ll.sale of the Debt 1nstnunent. Jf there is 11 change of the Loan
Servicer, Borrower will be given written.notice of the .change.as Iequired by Applicable Law. IT the Debtlnstrument
is sold .and thereafter the Loan is .serviced by 11 LoanServicer other than the purchaser of the .Debt lnstiument, the
:mort:iage loan .servicing obligations to Borrower will Iemain with the Loan Servicer or be 1Tan~ffflTed to 11 .successor
Loan·Servicer.and .are.not .assumed by the purchaser of the Debt lnstrument unless otherwise provided by the
purchaser of the Debt 1nstrument.
, i t Neither Borrower .nor Lender may .commen~e, join, or be joined 10 IDlY judicial llCtion (as either -IDl
individual litigant or the .member of 11 class) that .arises from the other party'.s llCtions pursuant to this Security
lnst:nlment or that .alleges that the other party .has breached IDlY provision of, or IDlY .duty owed by Ieason of, this
Becurity lnstrument, until such :Borrower or Lender .has .notified the other party (with such .notice given ID
.complian~e with the Iequirements of Section 13) of .such .alleged breach .and lIfforded the other party .hereto 11
Ieaso:nable period.after the giving of .such notice to take corrective lICtiOn. IT Applicable Law provides 11 time period
that :must elapse before .certain llCtion can be taken, that time period will be deemed 10 be IeaBonable for pUIposes of
this paragraph. The .notice of llCceleration.and opportunity 10 .cure given 10 :Borrower pursuant to Section 21 .and the
.notice of llCceleration given to :Borrower pursuant to Section] 6 .shall be deemed 10 satisfy the .notice.and opportunity
10 take .corrective llction provisions of this Section 17. .If Borrower .and.Lender .have entered.into IDlllgreement 10
.arbitrate disputes, the provisions of JUly .such .arbitration .agreement .shall supersede .any provision ID this Section] 7
that would .conflict with the .arbitration llgreement.
18. .Hazardous Snbstances. As used in this Section 18: (11) "~dous Substances" .are those .substances
defined llS toxic or .hazardous .substance.s, pollutants, or wastes by Environm~ta 1 Law .and the following substances:
gasoline, Jrerosene, other ilamm¡¡ble or toxic petroleum products, 10xic pesticides .and .herbicides, volatile .solvents,
:materials contahrinE .asbe.stos or Jonna lrl~nyde, mold, .and ndioactive materials; (b) "'Environmental Law" :means
:fedeIallaws .and laws of the jurisdiction wl1ere the .PIOperty is located that Ielate to.health,..safety or environm~nt:ll
protection; (c) ·'Environmental Cleanup" .includes IDlY Ie.sponse llCtion, IemedialllCtion,or Iemovalllction, llS
defined ID Environm~t¡¡lLaw; .and (d) an ''Environm~nt¡¡l Condition":means 11 condition that can cause, .contribute
to, or otherwise1rigger IDlEnviron1TlP.T1tal Cleanup.
Borrower .shall .not Cliuse or permit the presence, use, disposal, .storage, or Ie1ease of IDlY lIazardous
Substances, or threaten 10 Ie1ease IDlY Hazardous Substances, on or ID the :FIOperty. Borrower .shall.not do, :nor .allow
JUlyone else 10 .do, IDlythin,g .affecting the .Property (a) that is ID violation of IDlY Environm~ntal Law, (b) wlrich
WYOMING-CLOSED-END SECURITY .INSTRUMENT
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creates .an Enviromne.ntal Condition, Dr (c) wbich, .due 10. the presence, use, Dr release Df.a HazardDus Substance,
creates.a condition that .adversely .afft:cts the v.a1ue Df the JlrDperty. The preceding two. st:ntences.shall :nDt .apply 10.
the presence, use, Dr stor.age on the Jlroperty Df small quantiíies Df HazardDUS Substances that .are geru:rally
recDgnizt:d to. be .appropriate to' :nDnnal residential uses .and to' maintp.mm~e of the .Property (including, but :nDt
limited 10., .hazardDUS substances in consumer products).
.BorrDwer .shall promptly give Lender written :nDt:ict: of (.a) lIIlY investigation, d.aim, dp.mann, lawsuit Dr
other .action by lIIlY gDvernmental Dr regulatDry .agency Dr priv.ate party invDlv.ing the Jlroperty .and .any HazardDUS
Substance Dr EnvirDnmp.nta 1 Law Df wbich BDrrDwer .has .actual JrnDwledge, (b) lIIlY EnvirDnmental Condition,
including but :nDt limited 10., .any spilling, leaking, discharge, release or 1breat Df release Df.any HazardDUS Substance,
.and (c) lIIlY CDndition caused by the presence, use Dr release Df.a HazardDUS Substance which .adversely .afft:cts the
v.a1ue of the Jlroperty. lfBDrrDwer learns, Dr is :nDtified by lIIlY gDVt:Il1D1ental Dr regulatDry .authDrity, or lIIlY pri~.ate
]JM1y, that lIIlY remDv.a1 Dr other remediation Df lIIlY HazardDUS Substance .affecting the JlrDperty is :necessary,
.BDrrDwer .shall promptly 1ake .all :necessary remedial.actions in .accordance with Environmp.ntal Law. NDthing
.hercin.shall create.any Dbligation onLt:nder for lIIlEnvironmP.TItal Cleanup. . .
.19. Assignment of Leases .and Rents. .BDrrDwer irrevDcably EUffiÍS, conveys, Bells.and.assigns 10. Lender
.as .additional Becurity: (.a).all of BDrrDwer'B right, :title .and interest in .and 10. lIIlY .and .all existing Dr:future leases,
Bubleases, .and lIIlY Dther written or verbal .agreements fDr the use.and DCCUpancy Df lIIlY PDrtion Df 1he -Property,
including lIIlY extensions, renewals, modi:ficatiDns Dr SubstitutiDns Df.such .agreements (.all referred to' .as -"'Leases"),
.and (b) .all Df the rents, security depDSits, issues .and profits .arising Dut of or :earned in connection with the JlrDperty
(.all referred 10. llS "Rents").
.BorrDwer will ]JfDmptly provide Lender with írue .and CDrrect CDpieS of.all existing .and future Leases.
.BDrrDwer.may cDllect, receive, :e1!i DY.and use the :Rents BD long .as .BorrDwer is :nDt in default 1111der the íenns Df this
Security 1nstrument. BorrDwer .agrees that this .assignment is IDunediately effective between the parties to' this
Security lnstrument: BorrDwer .agrees that this llS¡;iznmp.nt is effective .as 10. third pm1ies w.hen Lender 1akes
.affirmative .action prescribed by law, .and that this .assignment will remain in dIect during .any redemption periDd
.nntil the Loan is .satisfied.
.BDrrDwer .agrees that Lender .may take .actua1 pDssession Df the -Property withDut the :necessity of
commp.n~inz legal.action.and that.actual pDssession is deemed to' Dccm w.hen Lt:nder, or its .agent, :nDtifieS BorrDwer
ofllIl even1 of default.and demann¡; thatllIlY 1enant pay .allfuture:Rents direct1yto' Lt:nder. Onreœiving:nDtice DfllIl
event Df default, BorrDwer will endDrse.and deliver to' Lt:nder lIIlY p.ayment Df:Rents in.BDrrDwer's possession.and
will receive lIIlY :Rents in 1rust fDr Lender .and will :nDt comminzle the Rents with lIIlY Dther funds. U:n1ess
.Applicable Law provides otherwise,.all Rents cDllected by Lender Dr Lender's .agent shall be .applied fust to' the
CDsts Df 1ak:ing contrDl Df .and .managing the -PrDperty .and cDllecting the :Rents, including, but .:not limited to,
.attDrney's fees, receiver's fees, premiums on receiver's bDnds, repair .and .maintenance CDSts, insurance premillm¡;,
1axes, .assessments.and Dther charges Dn theJlroperty,.and then 10. the Bums Becmed by this Security lns1rumentin the
order provided for in SectiDn 2. If the Rents Df the .PrDperty .are .:not .sufficienUD CDver the CDSts Df taking CDntrDl Df
.and maT1~n£; the Jlroperty.and of collecting1he:Rents lIIly.amDunts disbmsed by Lender fDr Buch pmpDses shall
become .additional debt of BorrDwer secmed by this Security lnstrument. These.amounts . sball bear interest .at the
.r.ate .applicable 10 the Debt Instrument 1i'Dm time 10. time, 1i'om the date of disbursement .and Bhall be p.ay.able, with
.suchinterest, npon :nDtice from Lender to' BorrDwer requesting payment.
.BorrDwerwarrants that:nD default exists 1111dertheLe.ases Dr lIIlY .applicable landlDrd/tenant law. .BorrDwer
.agrees to' maintain .andrequiœ .any1enant 10. comply with the terms DftheLeases.and.applicablelaw.
I 20. Condomininm ¡; .Planned U.nit Devdopments. 1f the .PrDperty is .a unit in .aCDndDminillm project
("Condominillm Jlrojecf') or is part Df.a planned unit develDpment ("PIJD"),.BorrDwer .agrees to' the fDllDwing:
I· A. Obligations. BorrDwer.shall perl'Dnn.all Df BorrDwer'ß obligations 1111der the Constituent Documents.
The -"'Constituent DDCuments" .are the: (i)Dec1ar.ation or lIIlY other .dDcument which creates the Condominium
-Project or -PIJD .and .any condDminillm llSsDci.ation, .homeowners llSsoci.ation or equiv.a1ent entity C"CDmmwrity
AssDci.atiDn"); (ii) lIIlY by-laws Dr Dther rules or regulations Df the CnmmunityAsSDciation;.and (ill) Dther equiv.alent
.dDCuments. .BorrDwer Bha1l promptly pay, w.hen.due,.all CommlmÏ1y AssDci.ationDnes,:Fees,.and Asse¡;1m1ent¡;.
.B. .Property.:FDr units in.a CondominiuTl1 PrDject, the .Property includes the unit in, tDgether with lIIl
JIDdivided inte,restin the common elements Df: the CDndDminium PrDject, .and BorrDwer'B interest in the CDmmunity
WYOMING-CLOSED-:END SECURITY lNSTRUMENT
I:ICWF#3v6 (2[21105)
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000845
Association.and the uses, proceeds .and bene:fits of Borrower ' s interest. For .PUDs, the .PIOperty includes, but is not
limited 10, a p.arcel ofJaruLimproved with a dwe11ing, 10gether with other such p.arcels .and certain common.areas .and
.facilities, .as descnòed.in the Constituent Documents, .and Borrower's interest.in the Community Association.and the
illes, benefits.and proceeds of Borrower's .interest.
C. :Property Insur4llCe. So long as the Community Association maintain!':, -with a generally accepted
msurance .carrier, a "master" or "blanket" policy msuring the :PIOperty w1rich is satisfactory 10 Lender .and w.hich
-provides msurance cover.age.in the .amounts (including deductible levels), for the periods,.and.against loss by fire,
.hazards included wjilijn the 1eIm "extended cover.age," .and .any other .hazards, including, but not limited 10,
:earthquakes .and floods, for w.hich .Lender Iequires :insurance, then Borrower's obligation under Section 4 10
-ma intain -property :insur4llCe cover.age on the Property is deemed satisfied 10 the extent :that the Iequired cover.age is
provided by the Community Association policy. Borrower.shall give Lender prompt notice of .any lapse.in Tequired
-property :insurance cover.age provided by the master or blanket policy. .In the event of -a distribution of property
insurance -proceeds.in lieu ofrestor.ation or Iepair following a loss 10 the .Property, whether 10 the unit or to common
:elements of the Condomininm .PIoject or 10 common.areas .and facilities of the .PUD, .any proceeds pay.able 10
Borrower .are hereby .assigned .and shall be paid 10 Lender for application 10 the sums .secured by tbis Security
Jnstrument, whether or not 1hen due, with the excess, if .any, paid 10 Borrower, subject to the:rights of .any lif:nholder
-with:rights 10 :insurance proceeds that .are superior 10 Lender's :rights.
:D. Public Liability Insurance. Borrower shall1ake such -actions .as:may be Teasonable 10 :insure:that the
Community Association maintain!': -a public liability :insurance policy ..acceptable .in fonD, .amount, .and extent of
cover.age 10 Lender.
E. C011liP.TT1nation. The -proceeds of .any -aw.ard or claim for damages, .direct or consequential, payable 10
:Borrower.in connection with.any conrl~mmltion or other 1aki.ng of.all or .any part of the :Property, whether of the unit
or of the common elements of the Condominillm Project or the common.areas.and facilities of the .PUD, or for.any
conveY4llCe .in lieu of conrl~mmltion, .are hereby.assigned .and shall be paid 10 :Lender, subject 10 the:rights of .any
lif:nholder with:rights 10 such -proceeds that.are .superior 10 :Lender's:rights. Such proceeds shall be lipplied by
Lender 10 the .sums secured by the Security 1nstnunent.as provided.in Section 9.
:F. Lender's:Prior Consent. Borrower shall not, except.after 110tice 10 Lender .and with Lender's prior
-written consent, -either partition or .subdivide the .Property or consent 10: (i) the arumdomnent or 1ermination of the
Condomininm :Pmject or :P1ID, except for -arumdomnent or tfflTIlination required by law .in the case of substantial
destruction by fire or other casualty or .in the case of -a 1aking by conrl~mnation or eminent domain; (ii).any
am~nrlm~nt 10 .any provision of the Constituent Documents if the -provision is for the :express benefit of Lender;
(ill) t~Tmination ofprofessionaLmanagement.and:assumption of.self-management of the Community Association; or
(iv).any -action which would .have the effect of Ienrl~rinz the public liability :insurance coverage -maint;¡in~d by the
Commnnity Association unacceptable 10 Lender.
G. :Remedies. lfBorrower .does 110t pay Community Association Dues, Fees, .and Assessments when due,
then Lender :may pay them. Any.amounts disbursed by Lender undertbis p.aragraph G shall become .additional debt
of Borrower secured by tbis Security Instrument; TIruess Borrower .and Lender .agree 10 other 1erms of payment,
these .amounts shall bear interest at the ute applicable 10 the Debt Instrument from 1ime 10 1ime, from the .date of
.disbursement.and shall be payable, with.such interest, upon 110tice fromLender 10 Borrower I~queSting payment.
NON-UNIFORM COVENANTS. Borrower .andLender further covenant.and .agr~e.as follows:
21. A.cccler.ation; Remedies. Lender shall give notice to :Borrower prior to .acccler.ation following
:Borrower's breach of .any £oven.ant or .agreement in this Secnrity.Instrument (but not prior to .acceler.ation
nnder¡Section 16 nnlessA.pplicableLaw provides otherwise) or following.any event of default under the Debt
Jnstrnment. The notice sh.allspecify: (B) the default; (b) the -action required 10 £ure the default; (c).a rl.ate, not
less ili.ari 30 rl.ays from the rl.ate the notice is given to .Borrower, by which the default must be.cured; .and (d)
i !
1h.at failure 10 £ure the default on or before the dBte specified in the notice .may result in .acceler.ation of the
.sums ~eCured by this Security Instrument.and sale of the Property. If the default is not cured on or before the
ñ.ate spe'cifietl in the notice, Lender .at jts option.may require immediBte pByment in full of.all sums secured
I !
WYOMING-CLOSED-END .sECURITY lNSTRUMENT (page 10 of 13 pages)
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000846
by íhis Security Instrument without further demand .2Ild may invoke the power of .sale JUld JUly other
.remedies permitted by Applicable Law. Lender .shall be t!Iltitled to collect Jill expenses incurred in pursuing
111e remedies provided in íhis Section ::n, including, but not limited 10, r.eJlSolliible Jittomeys' iees JUld costs of
íitle evidence.
lfLender invokes 111e power of .sale, Lender .shall give notice of intent 10 ioreclose to]Jorrower JUld to
the person in possession of the ..Property, if .different, in Jicconlance with Applicable Law. Lender .shall give
notice of the .sale to ]Jorrower in the manner provided in Section 13. Lender .shall publish the notice of .sale,
JUld the ..Property .shall be .sold in the .manner prescribed by Applicable Law. Lender or its .designee may
purcl1ase the ..Property Jit JUly sale. The proceeds of the .sale.shall be Jipplied in the following order: (a) to .all
fXPenses of the .sale, including, but not limited to, reasonable Jittorneys' fees; (b) to Jill sums .secured by íhis
Security Instrument; JUld (c) JUly :excess 10 the person or penons legally entitled to it.
22. :Release. Upon payment of .all .sums .secured by 1bis Security 1nstrument, Lender .shall Telease :this
Security 1nstrument. Borrower.shall pay .any Tecordation .costs. Lender.may .charEe Borrower Ji :fee for I~ lp.3 ~inz 1bis
Security .Instrument, but only if the fee is paid to Ji thirdJ>aríy for .services Tendered.and the .char~ of the fee is
J>ennitted 11D.der ApplicableLaw.
23. W JUv.ers. Borrower Ieleases .and waives .all Iights 11D.der .and byv.irtue of the .homestead -exemption
law.s of Wyoming.
BY BIGNlNG .BELOW, Borrower llCCepts.and llgI'ee.s to the terms.and .cOVt:naIÚS .contained in 1bis Security
ìnstrument.andin.any Rider executed by Borrower.and recorded with it.
~~U)
WRWARREN
~ -u:.;J 4 ¥i-"idÆ')
( TlNAAHANSER
(Seal)
- Borrower
(Seal)
- Borrower
(Seal)
- Borrower
(Seal)
-Borrower
!
(Seal)
- Borro~er
(Seal)
- Borrower
WYOMING-CLOSED-.END .sECURITY .INSTRUMENT
RCWF#3v6 (2121/05)
1IIImœUmIUI~mIIIDDßDllmDI.I~
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. (Seal)
- Borrower
WYOMING-CLOSED-END SECURITY .JNSIRUMENT
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(page n of 13 pages)
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Btate of Wyoming )
) liS
County oflJNCOLN )
T.he foreEO~W.as.aclmO
1his .day of
Witness my lIandznd officialliea1.
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000848
emeby M4 ifhew R- ~ cui Cki$no-
,20l1þ . 4-. ~
NWMyP~~ ~c/
My Cnmmi~~inn:Expires: / () ~ 1)1
WYOMING-CLOSED-END SECURITY .INSTRUMENT
RCWF#3v6 (2/21/05)
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000849
Lot 11 of Block 31 of the FjrstAddition to the Town of Kemmerer, Lincoln County, WyomingllS described on the
official plat thereo!.