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Home My WebLink About921857 ... 51286 (04) I i I I , I This Permane:ntLoan Extension Agreement (this "Agreement") is made to be effective as of the 28th day of August, 2006, and is incorporatet! into and shall be deemed to amend, supplement and extend the Mortgage, Deed of Trust, Deed or Security Deed (the "S~curity Instrument") dated as of the 12th day of December, 2005, executed by the undersigned Borrower(s) (referred to herein as "Borrower", whether one or more), in favor of Wells Fargo Bank, National Association ("Lender"). (Lender and its successors and assigns shall be referred to herein as the "Note Holder",) The Security Instrument secures a Note (the "Note") dated the same date as the Security Instrument payable to the order of Lender. All terms defined in the Security Instrument shall have the same meaning in this Agreement. This mortgage was recorded as instrument Book 607 PR, Page 560. PERMANENT LOAN EXTENSION AGREEMENT 00001.1. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower (and each Borrower if more than one) further covenants and agrees as follows: 1. PERMANENT LOAN. The Security Instrument, as amended and extended by this Agreement, secures a permanent mortgage loan that replaces a construction loan between Lender and Borrower dated the same date as the Security Instrument and evidenced by the Note with a Construction Loan Addendum Amending Note. The Note, as amended by a Permanent Loan Addendum amending Note, evidences the permanent mortgage loan. Upon execution of this Agreement and the Permanent Loan Addendum, the terms and conditions of the Construction Loan Addendum Amending Note shall be of no further force and effect. 2. DEFINITIONS. The definitions set forth in the Security Instrument are amended as follows: "Lender". Lender's address is P.O. Box 10304, Des Moines, IA 50306-0304. "Note". The Note states that the Borrower owes Lender Two Hundred Twenty One Thousand Two Hundred Dollars (U,S, $221,200,00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than September 01,2036.. "Riders", Riders are to be executed by Borrower [check box as applicable]: Adjustable Rate Rider 1-4 Family Rider Condominium Rider Balloon Rider Other(s) [specify] PUD Rider Second Home Rider VA Rider Biweekly Payment Rider x Leqal Description: Lot 25, Star Valley Ranch Plat Twenty-Two (22) as platted and recorded in the Official record of Lincoln County, Wyoming. ~~cePtsand ag~:==on:::;~~;;;~~::~~;~~; PM Paul Weber œ Weber BOOK: 632 PAGE: 11 JEANNE WAGNER STATE OF Wyoming LINCOLN COUNTY CLERK, KEMMERER, WY Lincoln County ss: On this 28th day of August, 2006, I, a Notary Public in and for said county and in said state, here¡by certify that Paul Weber and Barbara Weber, husband and wife, whose name(s) is/are signed to the foregoing conveyance, and who is/are know to me, acknowledged before me that, being informed of the contents of the conveyance, he/she/they executed the same voluntarily and as his/her/their act on the day the same bears date. Given under my hand and seal of office this 28th day of August, 2006. My Commission Expires: ¿t{S:('2t)é)Î ~?-./Ats- f-<'~~., OTARYPU~Gl. ~ County of' Stete of ) ~ Uncaln ,"' Wyoming ~ ~~l~~=~~J'~!;~t:~-J Prepared By: Jill Seltzer ~~J~~~ill~r:~[m1 I AEB:BBG\Constr\Const Note Rider-Final.doc ~\~~~1mj I i .' l' 000012 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 28TH day of AUGUST, 2006 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure Borrower's Note to WELLS FARGO BANK, N.A. (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 47 S FOREST DR, THAYNE, WY 83127 [Property Address] The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in COVENANTS, CONDITIONS AND RESTRICTIONS (the "Declaration"). The Property is a part of a planned unit development known as STAR VALLEY RANCH I ' I I [Name of Planned Unit Development] (th~ "PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent entity owning or managing the common areas and facilities of the PUD (the "Owners Association") and the uses, benefits and proceeds of Borrower's interest. ! PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: i ~ A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's Constituent Documents. The "Constituent Documents" are the (i) Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the Owners Association; and (iii) any by-laws or other rules or regulations of the Owners Association. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. 0059134049 MULTISTATE PUD RIDER - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 31501/01 Page 1 of 3 Initials: aI"~ O®7R (0008) VMP MORTGAGE FORMS" (800)521-7291 ~ ~ ·"",,:.·:ct::ncu':&"';"""~"';';L_'._.. ".'. ... ~·,"--",~""r..\,,·_; ,. ..'~ - ~.,~..__._.'-,; _; '!-'_~'. ._,~ ~','_~!"--!.1_·,,!..C!..:. .~.:._:".'_~¡~"~':.C.O:.:.~';,a;",,; :.'. ·~"'·:~,~·~Ktf:!!.!':;~h::'..:_~_ t'~:~:':,~~·'J,""·:,;,-.r~:. "'-"; rl:i:¡"';'i·~f,.,·.i'~::::;~';~:.,J "'.;' :': '¡:':';':.:...~'.':.''''. 000013 B. Property Insurance. So long as the Owners Association maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy insuring the Property which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, for which Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower's obligation under Section 5 to maintain property insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association policy. I ¡What Lender requires as a condition of this waiver can change during the term of the loan. , iBorrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. I :In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. ¡ c. Public Liability Insurance. Borrower shall take such actions as may be reasonable to insure that th~ Owners Association maintains a public liability insurance policy acceptable in fonn, amount, and extent of coverage to Lender. D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and facilities of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in Section 11. E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written consent, either partition or subdivide the Property or consent to: (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the "Constituent Documents" if the provision is for the express benefit of Lender; (iii) termination of professional management and assumption of self-management of the Owners Association; or (iv) any action which would have the effect of rendering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by the Security Instrument. Unless Borrower and Lender agree to other tenus of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. 0-7R (0008) Œ> Page 2 of 3 Initial~ Form 31501/01 :'j:; :¡;r~;«:::;:::::~ 1"'ttí'~!:~t'I'i"';' ~~~~£ili5 .' ,.,.,......'"'~~a.'=:......,o:·.·.·I~'·¡·-~~,,·,·.-. ~'·.;..l"-Ul..l-::O::;:l=..~. ,". ·-!'-f'::,' .~;.. 0'0 _:..I.. '.' .r....·_.. ....<......:u.:., " ~~~:~::::. """f. I :::','.-,....'.. .·.·.·.·.·.~·.....·.o!M'I···., (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower ,"·...!,.~"1oi!!fM..~~~~!I·.-r--1L!1·_....;,i~~·- _".Ii'. c!.'. ·;.t,', : q': .,".;!:-I~:~:.>:.:t;;<,,'. t,·:. .~':.' ,_;:., '.'.' .,.... ':'¡:;,~~.:.:.~._. 00001.4 BY SIGNING BELOW, Borrow r accepts and agrees to the terms and provisions contained in tillS PUD Rider. ~úL- BARBARA WEBER (Seal) -Borrower -~,- ~~ PAUL WEBER G-7R (oooa) @ (Seal): -Borrower' (Seal) -Borrower (Seal) -Borrower Page 3 of 3 Form 31501/01