Loading...
HomeMy WebLinkAbout921901 60609 (04.) :~::::::~:::~~~ 1:<·~:~t~1~~:::·:·~" ý Return To: THE JACKSON STATE BANK & TRUST 112 CENTER ST.. POBOX 1788. JACKSON. WY 83001 - .- ~-'- - ---.-- Prepared. By: J~ffr~y CarTyT~ RECEIVED 8/30/200ff at 11 :50 AM RECBVING~ 921901 BOOK: 63Z PAGE: 113 JEANNE WAGNER UNCOLN COUNTY CLERK, KEMMERER, WY MIN#100015700071330688 [Space Above- This Line- ¥or Recording Data} MORTGAGE t'''':, ./ DEFINITIONS tí Words used in multiple sections of this document are defined below and other words are defined irr Sections 3, 11, 13, 1&. 20 and 21. Certain rules regarding the usage of words used in. this document are also provided in. Section: 16. (A) "Security Instrument" means this document, which is dated together with all Riders to this document. (B) "Borrower" is DarT~n~ G. Jon~s. a stngT~ woman August 29. 2006 ¿. ) Borrower is the mortgagor under this Security fustrument. (C) "Lender" is THE JACKSON STATE BANK & TRUST Lender is a. Stat~ Bank organized and existing under the laws of THE STATE OF WYOM ING JONES DARLENE 129489743 WYOMINEi-Single Family-Fannie- Mae/Freddilf Mac UNIFORM INSTRUMENT _ -6(WYllooo!i1 ~ @ Pag<> 1 at 15' MW 05100.01 Initials: VMP MORTGAGEFQRMS· (800)02.1-72.91 Form 305'1 1101 IIIIII~ 111111~1111~11~llIlllm . . .--~,-,-..,. ~..---,.-,..,..,.... '."'..... .--."".,~~-~. .'<...~..-....,....-... ....-.,.-,...,.,.- ...-'.' ,. ,. --'~~-".~''"''-?''~....-.-.-.'.'"'''''''' ..~~. ". ",- 0001.1.4 Lender's address is 112 CENTER ST.. POBOX 1788. JACKSON. WY 83001 ,O·qr.Þ1 <:.:'0-1 ,..::"I4.L.J .L Lender is the mortgagee under this Security fnstmment. (D) "Note" means the promissory note signed. by Borrower and dated August 29. 2006 The Note states that Borrower owes Lender One- Hundred Forty Five- Thousand and no/100 Dollars (U.S. $14-5.000.00 ) plus interest. Borrower has promised. to pay this debt in regular Periodic. Payments and to pay the debt in full not later than. September 1. 2036 (E) "Property" means the property that is described. below under the heading "Transfer of Rights in the Property. " (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (G) "Riders" means all Riders to this Security fnstmment that are executed. by Borrower. The folIowing Riders are to be executed by Borrower [check box as applicableI: D Adjustable Rate Rider D Condominium Rider D Second Home Rider D Balloon Rider D Planned. Unit Development Rider D 1-4 Family Rider D VA Rider D Biweekly Payment Rider D Other(s) [specify} (H) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applic~ble final, non-appealable judicial opinions. (I) "Community Association Duest Fees-t and Assessments" means all dues, fees, assessments and other charges that are imposed. on Borrower or the Property by a condominium association, homeowners association or similar organization. (.1) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic. terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" means those items that are described in Section 3. (L) "l\1ìscelIaneous Proceeds" means any compensation, settlement. award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for. (i) damage to, or destruction. of, the Property; (ii) condemnation. or other taking of all or any part of the Property; (iü) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (M) "Mortgage fusurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section. 3 of this Security Instrument. (0) "RESPA" means the Real Estate Settlement Procedures Act (12 US.c. Section. 2601 et seq.) and its implementing regulation.. Regulation. X (24 C.F.R. Part 3500), as they might be amended. from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used. in. this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "fe,deraIIy related mortgage loan" even. if the Loan does not qualify as a "federally related mortgage loan" under RESP A. JONES DARLENE _ -6(WYI (00051 ~ Pag" 2. ot 15' '"..~ Form 305"T 1/0T 129489743 ,. .-'-....-......_,-...--.,..--..,---.~. . ~......,~......,,,...~,..,.-_~..,......<n, ..'~ .'..................,-. ·~.-.,..",.......~.,...,."r.n" . ..~..... n'_-".·~"",__,.'~,=>_,,_~__._._ ._---_..-..... ··-0___-.-_.- 0921901. 00011.5 (P) "Successor in Interest of Borrower" .means .any pMty that has taken title to. the Property, whether ar ]lat that pMty has .assumed Barraw~r's abligations under the Nate .and/or this Security lnstrument. TRANSFER OF RIGHTS IN THE PROPERTY , : I I , This Security lnstrument secur~s to. Lender: (i) the repayment af the .Lo1lll, and .all Ienewals, ~xtensians .and modificatians af the Nate; .and (ü) the perfarmance af Borrawer's cavenants and agreements under this ~ecurity lnstrument and the Nate. Far this purpase, .Barrawer does hereby mortgage, gr1lllt.and canvey to. Lender .and Lender',s successars.and .assigns, with pawer af sale, the fallawing describ~d property lacated in the County of li nco 1 n I IType of Recording Jurisdiction] IName of Recording Jurisdiction] See Exhibit "A" Attach€d H€r€to And Mad€ A PartH€r-eof PlIICel ill Number: 121 Gqod N€'i ghbor lan€ Etna ("Praperty Addr~ss"): w.hich .curr~ntly has the .ad.dr~ss,of [S1Teet] ICity] , Wya1Irin.g 83118 {Zip Code] TOGETHER WITH .all the improvements ]law ar hereafter ~rected on the property, .and .all t:a.sements, appurtenances, and fixtur~s ]law or.hereafter a part af the property. All replacements .and .additions .shall .also. be .cav~red by this Security lnstrument. All af the faregoing is Ieferred 10. in this Security lnstrument.as the "Praperty." .BORROWER COVENANTS that .Borrawer is lawfully Beised af the estate hereby .canveyed.and.has the:right to. martgage, gr.ant.and .convey the PIOper!y .and that the Praperty is unencumbered, -except for encumbrances af r~card. .Borrawer warrants and will defend Eenerally the title 10. the PIOperty .against .all .claims and deTmmd~, subject ta.any .encmnbr.ances afIecard. THIS SECURITY INSTRUMENT .combines unifarm .cavenants for nation.a111se .and ]lon-unifarm .cavenants with limited vllIiatians by jurisdiction to. .constitute a unifarm security instrument caveI:Úlß Ieal property . UNIFORM COVENANTS. .Borrawer .and Lender .cavenant.and agree.as fallaws: 1. PBynrent of Principal, Interest, Escrow ltems, Prepayment Charges, lUld Late Charges. .Barrawer .shall pay when due the principal af, .and futer~st an, the debt -evidenced by the Nate.and ..any prepayment cl1arges.and late cl1arges due under the Nate. .Barrawer .shall also. pay:funds for Escraw 1tems pursuant to. Sectian 3. Payments due under the Nate .and this Security Instrument.shall be made in U.S. .curr.ency. Hawever, if..any .check or ather instrument Ieceived by Lender .as~a t under the Nate or this JONES DARLENE 129489743 Initial G-fìIWY) 1D005) Page 3 of 15 FDTITI.3o.51 1/0.1 (!) :;:::¡::::~::;¡m:::¡·t: ~;~:iili'~;{;!;~8 ID¡mmgmfill~ilit~ili f.::¡::i:f;~~!iii¡:¡~ \·.""·I·.!at!~i·.'å ..-....-............,.-... 0001.:1.6 U~)Z1901. Security Instrument is returned to Lender unpaid, Lender may require that MY or .all subsequent payments due under the Note 1U1d this Security Instrument be made in one or more of the following forms, liS .selected by .Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier' scl1eck, provided MY such check: is drawn upon M institution whose deposits lITe insured by a federal agency, instrllmô1t;¡lity, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by .Lender when received at the location designated in the Note or at such other location .as may be designated by Lender in accordance with the notice provisions in Section 13. Lender may return MY payment or p.artíal payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept MY payment or p.artíal payment insufficient to bring the Loan current, without waiver of .any rights hereunder or prejudice to its rights to refuse such payment or partíal .payments in the future, but Lender is not obligated to apply such payments at the time such payments are ¡.accepted. If each Periodic Payment is applied .as of its scheduled due date, then .Lender need not pay :interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring i1he Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply :.such funds or return them to Borrower . If not applied :earlier, such funds will be applied to the outstanding 'principal balance under 1he Note immediately prior to foreclosure. No offset or claim which Borrower :might have now or in the future against Lender shall relieve Borrower from making payments due under ·the Note Md this Security Instrument or performing the covenants Md agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except .as otherwise described in this Section 2, .all payments accepted .and applied by Lender .shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under 1he Note; (c) .amounts due under Section 3. Such payments .shall be applied to each Periodic Payment in the order in which it became due. Any rem;¡ininr; .amounts shall be applied fiTst to late .charges, second to.any other .amounts due under1hís Security Instrument, 1U1d 1hen to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient .amount to pay .any late charge due, the payment may be applied to the delinquent payment 1U1d the late charge. If more than one Periodic Payment is outstanding, Lender may apply MY payment received from Borrower to the repayment of 1he Periodic Payments if, 1U1d to the extent that, each payment can be paid in full. To the extent that MY excess exists.after the payment is applied to 1he full payment of one or more Periodic Payments, such excess may be applied to.any late charges due. Voluntary prepayments.shall be applied llfst to MY prepayment charges 1U1d then.as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under 1he Note .shall not extend or postpone the due date, or change 1he .amount, of1he Periodic Payments. 3. Funds for Escrow Items. Borrower .shall pay to.Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (1he "Funds") to provide for payment of .amounts due for: (a) taxes 1U1d .assessments 1U1d other items which can .attain priority over this Security Instrument .as a lien or encumbrance on the PIOperty; (b) leasehold payments or ground rents on the Property, if MY; (c) premiums for .any 1U1d .all insurance required by lender under Section 5; 1U1d (d) Mortgage Insurance premiums, if MY, or .any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance preminm!': in accordance with 1he pIOvisions of Section 10. These items are called "Escrow ltems." At orig:in.atíon or at.any rime during 1he term of the LoM, Lender may require that Community Association Dues, Fees, 1U1d Assessments, if MY, be escrowed by Borrower, 1U1d such dues,fees.and liSsessments .shall be M Escrow Item. Borrower shall promptly furnish to Lender .all notices of .amounts to be paid under this Section. Borrower shall pay .Lender the Funds for Escrow Items unless Lender w.aives Borrower's obligation to pay 1he Funds for MY or .all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for MY or .all Escrow Items at MY time. Any such waiver may only be in writing..In the event of such w.aiver, .Borrower .shall pay directly, when 1U1d where payable, the .amounts JONES DARLENE 129489743 G-£(wy) (00051 @ Page-4 of 15 '"~,&fl FDrm 3051 1/01 --_._--._-...._~,......_._~._----_., "-"-''''._.,--~.---~-- ..---.- '.. ~-------~"'.-.... '-- _' ._-..._ ~~, ·..~~_.....--.....-................r·.~·~".·~ ~_~__. ~,- ·"·,,""'",,..........·,-,·,.'c r\~:.b·-)-1 GUi. :........... /\4 .A..J 000:1:17 .due for 1I11Y .Escrow ltems for which payment of Funds .has been waived by Lender 1I11d, if Lender requires, .shall furnish to Lender receipts evidencin.g such payment within such time period .as Lender .may require. J3orrower's obligation to make such payments .and to provide receipts .shall for .all pm:poses be .deemed to be a mvenant.and agreement contained in this Security Instrument, .as the phrase "covenant.and lIgTeeIDellt" is used in Section 9. If Borrower is obligated to pay .Escrow Items directly, pursuant to a waiver, .and Borrower fails to pay the amount due for 1111 .Escrow ltem, Lender .may exercise its rights under Section 9 .and pay such amount 1I11d Borrower .shall then be obligated under Section 9 to repay to Lender 1I11Y such amount. Lender .may revoke the waiver .as to 1I11Y or .all .Escrow Items .at 1I11Y time by .a notice given .in accordance with Section 15 .and, upon such revocation, Borrower.shall pay to Lender .all Funds, .and .in .such amounts, that.are then required under this Section 3 . Lender .may, .at 1I11Y time, collect 1I11d .hold Funds .in 1111 amount (a) sufficient to pemrit Lender to apply the Funds .at the time sPecified under RESPA, .and (b) not to exceed the maximum amount a lender.can require llIlder RESPA. Lender.shall estimate the amount of Funds .due on the basis of current .data .and :reasonable estimates of expenditures of future Escrow ltems or otherwise .in accordance with Applicable Law. The FllIlds .shall be .held .in 1111 .institution whose deposits are .insured by a feder.al agency, ..instrumentality, or entity (including Lender, if Lender is æ.institution w.hose .deposits .are so insured) or in 1I11Y Federal Rome LoæBank. Lender shall .apply the Funds to pay the Escrow ltems no later than the time specified under RESPA. Lender shall not charge Borrower for .holding.and llpplying the Funds, annually ..analyzing the escrow account, or verifying the .Escrow ltems, unless Lender pays Borrower .interest on the Funds .and Applicable Law permits Lender to make such II charge. Unless 1111 agreement is made .in writing or Applicable Law requires .interest to be paid on the Funds, Lender shall not be required to pay Borrower 1I11Y .interest orem11ings on the Funds. Borrower 1I11d Lender .can agree .in writ.in.g, .however, that .interest .shall be paid on the Funds. Lender.shall give to Borrower, without charge, 1111 annual accounting of the Funds.as required by RESPA. ¡ . If there is a .sm:plus of Funds .held .in escrow, .as defined under RESPA, Lender shall account to Borrower for the excess funds .in accordance with RESP A. If there is a .shortage of Funds .held .in escrow, .as defu1ed under RESPA, Lender shall notify Borrower .as required by.RESPA, .and Borrower shall pay to .Lender ,the amount necessary to make up the .shortage.in accordance with RESPA, but.in no IDore than 12 monthly payments. If there is II deficiency of Funds .held .in escrow, as defined under RESP A, Lender .shall notifY Borrower as required by RESPA,.and Borrower shall pay to Lender the amount necessary to make lip the defIciency .in accordance with RESPA, but.in no more than 12 IDOnthly payments. Upon paymen1.in full of .all sums secured by this Security .Instrument, Lender .shall promptly refund to Borrower 1I11Y Funds.held by Lender. 4. Charges; Liens. Borrower shall pay .all taxes, assessments, charges, .fines, .and impositions .attributable to the Property w.hich .can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if 1I11Y, 1I11d Commnnity Association Dues, Fees, .and Assessments, if 1I11Y. To the extent that these items.are Escrow Items, Borrower shall pay them.in the manner provided .in Section 3. Borrower .shall promptly discharge 1I11Y lien which .has priority over this Security Instrument unless Borrower: (a).agrees.in writing to the payment of the obligation secured by the lien .in a manner acceptable to lender, but only so long as Borrower is perlonning.such agreement; (b) 1;onteSts the lien .in good faith by, or defends against enforœment of the,lien.in, legal proceedings w.hich.in Lender's opinion operate to -prevent the enforcement of the lien w.hile those proceedings are pending, but only until such proceedings .are mncluded; or (c) .secures from the .holder of the lien 1I11.agreement satisfactory to Lender suborrlin::lting the lien 10 this .security .Instrument. If Lender detennines that 1I11Y part of the Property is .subject to a lien which .can .attain priority over this Security lnstrument,lender.may give Borrower a notice identifying the JDNES DARLENE 129489743 G-6(WY) f0005) @ Page 5 Df 15 ,-~ Torm3051 1/01 ~ii~i;1~~lilij ¡~im~i~i;jim~; ;~f:f:r::~~ \;~:.:I:I:':I:f:i:I;': - ,~,.";:.'''''~.}.F.':4'''õ:'·' _. _ 0321901. 0001.1.8 lien. Within 10 days of the date on which that notice is given, Borrower Eh.all satisfy the lien or take one or more of the ßCtiOIl5 set forth above ID this Section 4. Lendermay require Borrower to pay a one-time charge for a re.a1 estate tax verification ..and/or repoI1Í11£; service 115ed by Lender in connection with this LaIDl. :5. Property lnsur.ance. Borrower shall keep the improvements now exist.in.g or hereafter erected on 1heProperty insured .against loss by frre, hazards included within the term "extended cover.age," and any other hazards inclJ.1din£;, but not limited to ,earthquakes .and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (inclJ.1din£; deductible levels) ..and for the periods that Lender requires. "What Lender requires pursuant to the preceding sentences can chan£;e during the term of the LaIDl. The insurance carrier providing the insurance shall be chosen by.Borrower subject to Lender's ri£;ht to disapprove Borrower's choice, which n£;ht sh.all not be exercised unreasonably. Lender may require Borrower to pay , ID connection with this LaIDl, either: (a) a one-time charge for flood zone det~in:ltion, certific.ation IDld tracking services; or (b) a one-time charge for flood zone determination .and .certification services .and subsequent charges each time rem.appings or similar chan£;es occur which reasonably might ..affect such determination or certification. Borrower Eh.all also be responsible for the payment of IDlY fees imposed by the Federal Emergency Management Agency in connection with the review of IDlY flood zone determination resulting from IDl objection by Borrower. If Borrower fails 10 m:lint:lin any of the coverages described above, Lender may obtain insurance cover.age, at Lender's option ..and Borrower's expense. Lender is under no obligation to purchase IDlY particular type or amount of coveI.a£;e. Therefore, such coveI.a£;eshall cover Lender, but might or .might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, .against any risk, hazard or liability .and mi£;ht provide £;Teater or lesser coverage than was previously in effect. Borrower ..acknowledzes that the cost of the insurance coverage 50 obtained might siI'Jlific.antly exceed the cost of insurance that .Borrower could have obtained. Any amounts disbursed by Lender under this Section .5 shall become .additional debt of .Borrower secured by this Security Instrument. These amounts sh.all bear interest at the Note rate from -the date of disbursement .and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender ..and renewals of such policies shall be subject to Lender's right to disapprove:Such policies, shall include .a standard mOIt£;.age cl.ause,.and shall name Lender as IDor1£;.agee ..and/or as..an ..additional loss payee. Lender shall have theri£;ht to hold the policies .and renewal certific.ates. If Lender requires, Borrower sh.all promptly give to Lender all receipts of paid premiums .and ,renewal.notices. If Borrower obtains IDlY fonn of insurance coverage, not otherwise required by Lender, ¡for damage to, or destruction of, the Property, such policy sh.all include a standard mortgage clause .and ;.sh.a11 name Lender as mortg.agee ..and/or as IDl .additional loss payee. I: 1n the event of loss, Borrower shall give prompt notice to the insurance .carrier ..and Lender. Lender FY make proof of loss if not made promptly by Borrower. Unless.Lender..and Borrower otherwise .agree ¡ID writ.in.g, any insurance proceeds, whether or not the underlyin,g insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economic.a1ly feasible .and Lender's security is not lessened. During such repair IDld restoration period, Lender.sh.a11 have the ri£;ht to ..hold such insurance proceeds until Lender has had IDl opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection Eh.all be undert.aken promptly. Lender may disburse proceeds for the repairs .and restoration in a single payment or in a series of pro £;Tess payments as the work is completed. Unless an .agreement is made in writing or Applicable Law requires interest to be paid on such insurIDlce proceeds, Lender shall not be required to pay Borrower any interest or :earnings on such proceeds. Fees for public adjll5ters, or other third parties, retained by Borrower Eh.all not be paid out of the insurance proceeds ..and sh.all be the sole obligation of Borrower. If the restoration or repair is not economic.a1ly feasible or Lender's security would be lessened, the insurance proceeds shall be .applied to the sums secured by this Security Instrument, whether or not then due, with ..,¡/¡J JONES DARLENE 129489743 G-6(WY) (0005) @ Page 6 Df 15 'form 3051 1/01 -~~.....~...-. - ....~-_. '""-~~~'- ..' .--.... .~.._~.~,..- ¡ ~~·.t·).1UO··~ "-' .,.pl..o ..J L 0001.1.9 the excess, if MY, pmd to. Barrawer. Such insurllDCe proceeds.shall be applied.in the order provided for.in Sectian 2. 1f Barrawer .abandans the Praperty, Lender .may file, lleEatiate Md .settle .any .available.in.sur.ance .c1.aim..and related :matte.rs. If Barrawer daes :nat respand wit1ùn 30 rlays to. .a :natice fram .Lend~r that the .msur.ance carrier.has affered to. .settle .a claim, then Lender may :negatiate ..and .settle the.c1.aim. The 30-rlay periad will bt:EID when the :natice is Eiven. In cither event, or if .Lender .acquires the PIOperty 11n.der Sectian 22 or atherwise, Barrawer hereby.assi.gns to. .Lender (.a) Barrawer's r.ights to. MY insur.ance pIOceeds.in M .amaunt nat to. exceed the .amaunts unpmd under the Nate ar this Security 1nstrument, ..and (b) MY ather af Barrawer's riEhts (ather than the right to. MY refund af unearned premiums p.aid by Barrawer) under 2llinsur.ance palicies cavering the Praperty, .insafar .as such rights Me .applicable to. the cover.age af the Property. .Lender may liSe the insur.ance proceeds either to. repair ar restare the Praperty ar to. pay .amaunts unpmd under the Nate or1hÏs Security lnstrument, whether or :nat then due. 6. Occllpancy. Barrawer .shall accupy, establish, and use the Praperty .as Barrawer's principlÙ residence wit1ùn 60 days after the executian af this Security lnstrument ..and shall cantinue to. accupy the Praperty.as Borrawer's principlÙ residence far.at least ane year.after the date af accup.ancy, unless .Lender atherwise .agrees .in wri1ÏnE, which cansent .shall nat be unreasanably withheld, ar unless extenuating circumstances exist which Me beyand Barrawer' s contral. ï. Preservlliion, Maintenance .and Protection of the Property; Inspections. Barrawer .shall :nat destray, damage or impair the Praperty, .allaw the Praperty to. deteriar.ate ar commit w.aste an the Property. Whether or nat Barrawer is residing .in the Property, Barrawer .shall m;¡illt;¡ill the Property .in order to. prevent the Praperty from deteriar21ing or decreasing ID vlÙue due to. its candition. Unless it is determined pursuant to. Sectian .5 that repair or restoratian is nat ecanamically feasible, Barrawer .shall pramptly repair the Praperty if damaged to. llvaid further deteriaratian ar damage. If .insur.ance ar canc!p.mn;¡tian proceeds Me pmd .in connectian with damage to., or the taking af, the Property, Barrawer .shall be responsible far replliring or restar:in.g the Praperty anly if .Lender .has released proceeds far such purpases. Lender may disburse pIOceeds far the rep.airs ..and restaratian .in II .sIDgle payment ar .in II series af pIOgress payments.as the wark is campleted. If the .insur.ance or candemnatian proceeds Me :nat sufficient to. repair ar restore the Praperty, Barrawer is nat relieved af Barrawer's abligatian far the campletion af such r.e,Pair ar restaration. .Lender ar its .agent may make re.asanable entries upan .and inspectians af the Property. If it .has reasanable cause, .Lender may .inspect the .interiar af the .improvements on the Pmperty. Lender shall Eive Barrawer natice.at the time af or prior to. such .an.interior inspectian specifYing such reasanable cause. 8. Borrower's Loan Application. Borrawer shall be .in default if, during the La.an llPplication process, Borrawer ar MY persans or entities .ac1ÏnE .at the direction af Barrawer ar with Barrawer's lmawledge ar cansent Eave materially false, mislp.;¡c1inz. ar.inaccurate infannatian ar st:Jte.mp.nts 1a.Lender (ar failed 10. provide .Lender with material infannatian) .in connectian with the Lo.an. Material representatians .include, but Me nat limited to., representations cancerning Barrawer's accup.ancy af the Praperty .as Barrawer's principal residence. 9. Protection of Lender's InterfSt in the Property .and.Rights Under this Security Instrument. 1f (ll) Barrawer fails to. perfarm the cavenants ..and .agreements contained .in this Security lnstrument, (b) there is 2 legal proceeding that might signific.antIy affect Lender's interest.in thePIOperty .and/or r.ights under this Security lnstrument (such .as .a proceeding .in b.ankruptcy, prob.ate, for candemnatian ar farfeiture, Jor enforcement af .a lien which may .attain priority aver this Security lnstrument or to. enfarce laws or regulatians), ar (c) .Barrawer has llbandaned the Praperty, then.Lender may do. and P2Y for whatever is reasanable or llppropriate to. protect .Lender's .interest .in the Praperty .and rights under this Security lnstrument, .inc1u.d.inE 'protec1ÏnE .and/or .assessing the vlÙue af the Praperty, ..and securing .and/or repairing the Praperty. .Lender's .actians can .include, but Me :nat limited to.: (a) paying MY sums secured by .a lien which .has 'priarity aver this Security lnstrument; (b) .appearing .in caurt; Md (c) paying reasonable I JONES DARLENE I i ! G-ß(WY) (ODDS) \!) 129489743 l'age7 of 15 '"'~ Form 3051 1/01 n:~:¡:!:~~~l!i~ti¡iri! J.,I,t_'J!f!.·j·f~_1;¡'.' ~!~~:;¡-1;1i~~ff1i~m ~¡""'r:ms¡,;¡,i"'¡" ,!.;11í1t.t t:., !'i' ;~;¡" ~:::::::!.¡::H!1i::ilillli,:: - ....-...-...~'...., .~..~---~_.,-'.. .o3219U1. 0001.20 lI1tomeys' fees to protect its interest in the Property .and/or rights under this Security lnstrument, including its liecured position in A b.ankruptcy proceeding. Securing the .PIOperty includes, but is not limited to, enterin.g the Property to make rep<rirs, change locks, repl.aœ or bmrrd up doors .and windows, dr.ain wllter from pipes, e]iminat~ building or other code viola.tions or illmgerous conditions, .and have utilities turned on or off. Althou,gh Lender .may take .<1Ction under this Section 9, Lender does not have to do BO lmd is not under MY duty or obligation to do BO. It is lIgTeed truit Lender .incurs no liability for not 1<lking MY or .all .<1Ctions llllthorized llllder this Section 9. Any 2II1ounts disbursed by Lender under this Section 9 .sillùl become l:Idditional debt of Borrower liecured by this Security lnstrument. These 2II1Ounts Bhall bear interest At the Note r21e from the illite of disbursement.and Bhall be pAYAble, with such interest, upon notice from Lender to Borrower requesting pAyment. If this Security 1nstrument is on A leasehold, Borrower .sillùl comply with All the provisions of the lease. If Borrower .<1Cquires fee title to the Property, the leasehold .and the fee title Bhall not .merge unless Lender lIgTees to the .merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as A condition of Jrulking the LoM, Borrower shall PAY the premiums required to maintain the Mortgage InsurMce in effect. If, for MY reason, the Mortgage Insurance cover1lge required by Lender œases to be Av.aililble from the mortgage insurer that previously provided such insurance .and Borrower w.as required to make separately designated payments tow.ard the premiums for Mortgage Insurance, Borrower Bhall pay the premiums required to obtain coveI1Ige Bubstantially equivAlent to the Mortgage Insurance previously in effect, At A cost Bubstantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from M .alternate mortgage insurer .selected by .Lender. If Bubstantially equivAlent Mortgage lnsurMce coverage is not .av.ailable, Borrower .sillùl continue to pay to .Lender the 2II1ount of the Beparately .desjgn.ated payments that were due when the insurance cover1lge ceased to be in effect. Lender will .<1Ccept, use .and retain these payments .as A non-refunda.ble loss reserve in lieu of Mortgage Insurance. Such loss reserve .sillùl be non-ref:u.nill1ble, notwithstanding thefuct that the LoM is ultimately paid in full,Md .Lender Bhall not be required to PAY Borrower MY intereBt or earnings on BUch loss reserve. Lender .can no longer require loss reserve pAyments if Mortgage Insurance coveI1Ige (in the .amount.and for the period that.Lender requires) provided by M insurer Belected by Lender 1Igain becomes Av.ailable, is obtained, and Lender requires Beparately designated payments toward the premiums for Mortgage InsurMce. If.Lender required Mortgage InsurMce .as .a condition of Jrulking the Loan and Borrower was required to. make separately .deBignated pAymentS toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to lTIJlin11!in Mortgage Insurance in effect, or to provide A non-refunda.ble loss reserve, until Lender'B requirement for Mortgage Insurance ends in .<1Ccordance with MY written lIgTeement between Borrower .and Lender providing for Buch termination or until termination is required by' Applic¿¡bleLaw. Nothing in this Section 10 .affects Borrower'B obligation to PAY interest Atther.ateprovidedin the Note. Mortgage Insurance reimburses Lender (or MY entity that purchases the Note) for certain losses it .may .incur if Borrower does not repay the Lo.an .as lIgTeed. Borrower is not A pm1y to the Mortgage Insurance. Mortgage insurers evAluate their total risk on All such insurance in force from time to time, .and .may enter into 1Igreements with other parties truit share or modify their risk, or reduce losses. These lIgTeements 2fe on terms and conditions that are satis:fuctory to the mortgage insurer .and the other party (or parties) to these .a.,areements. These lIgTeements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have Available (which may .include funds obtained from Mortgage Insurance premiums). As A result of these .agreements, Lender, any purchaser of the Note, Mother insurer, MY reinsurer, .any other entity, or MY affiliat~ of .any of the foregoing, .may receive (directly or indirectly) lIlI).ounts that derive from (or might be charACterized .as) A portion of Borrower's payments for Mortgage Insurance, in exchanEe for sharing or modifying the mortgage insurer's risk, or reducing losses. If such lIgTeement provides that .an .affiliate of Lender takes A .share of the insurer's risk in exchange for .a share of the premiums paid to the insurer, the .arrangement is often tenned "captive Teinsurance." Further: (a) Any such agreements will not .affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not .increase the amount .Borrower will owe for Mortgage Insurance, .and they will not entitle .Borrower to any refund. JONES DARLENE 129489743 InitisØl(l ~-6(WY) {ODD51 PageB of 15 FDrm 3051 1/D1 @ D321.901 000.12:1 (b) Any such .agreements will not 1Úfect the rights .Borrower.has - if .any - with respect to the Mortgage lnsur.ance under the Homeowners Protection Act of 1998 or.any other law. These rights may include the right to receive certain disclosur£s, to request .and obtain £aIlcelliltion of the Mortgage lnsur.ance, to .have the Mortgage lnsur.ance terminated .automatically, .and/or to receive 11 refund of .any Mortgage lnsur.ance premiums that were unearned 11t the time of .such £aIlcèllation or termination. 11. Assignment of Miscellaneous Proceeds; .Forfeiture. All Miscellaneaus Praceeds Me .hereby BSsigned to. .and sillùl be paid to. Lender . 1f the PIOperty is damaged, .such Miscellaneaus Proceeds .sluùl be .applied to. restoration ar repair af the PIOperty, if the restaratian ar repair is ecanamically feasible .and Lender's Becurity js nat lessened. During Buch repair .and restoratian periad, Lender .sluùl have the right to. hald Buch Miscellaneaus PIOceeds until Lender .has .had .an appartunity to. .inspect Buch Praperty 10. ensure the work .has been completed to. Lender's Batisfactian, prav.ided that such .inspectian.sluùl be undertaken pIOmptly. Lender may pay far the repairs .and restoration .in .a Bingle disbursement ar .in a .series af pragress payments .as the wark js £ampleted. Unless.an .agreement is made .in writing ar Applicable Law requires IDíerest to. be paid an such Miscellaneaus PIOceeds, Lender .sluùl nat be required to. pay Barrawer .any .interest ar earnings an such Miscellaneaus PIOceeds. If the restoratian ar repair is nat ecanamically feasible ar Lender's Becurity wauld be lessened, the Miscellaneaus Praceeds sillùl be .applied to. the sums .secured by this Security Instrument, wl1ether ar nat then due, with the excess, jf .any, paid to. Barrawer. Such Miscellaneaus PIOceeds .sluùl be .applied .in the order pravIDed far .in Sectian 2. In the event af .a tatal taking, destructian, ar lass .in v.alue af the PIOperty, the Miscellaneaus Praceeds sillùl be .applied to. the .sums Becured by 1his Security Instrument, wl1ether or nat then due, w.ith the excess, II .any, paid to. Barrawer. 1n the event af.a partial taking, destruction, or lass .in v.alue af the Praperty.in which the fair market v.alue af the PIOperty immediately befare the partial taking, destructian, or lass .in v.alue js equal to. ar greater :than the .amaunt af the sums secured by this Security Instrument immediately befare the partial taking, deBtruction, ar lass.in value, unless Barrawer .and Lender atherwise .agree .in writing, the Bums secured by this Securjty lnstrument .sluùl be reduced by the .amaunt af the Miscellaneaus Praceeds :multiplied by the fallawing fraction: (a) the tatal .amaunt of the sums secured immediately before' the partial taking, destructian, or lass .in value divIDed by (b) the fair marlœt v.alue af the Praperty immediately befare the partial taking, destructian, or Jass.in value. Any balance.sluùl be paid to. Barrawer. In the event af.a partial taking, destruction, or laBs.in v.alue af the Praperty .in which the fair marlœt v.alue afthe Property .immediately before the partial taking, destruction, ar laBs .in value js less :than the .amaunt af the Bums Becured immediately befare the partial taking, destruction, or laBs.in value, unless Barrawer .and Lender otherwjse.agree.in writing, the Misc.ell:mp.ous Praceeds .sluùl be .applied to. the.sums .secured by this Security lnstrument w.hether or nat the Bums Me then due. 1f the Praperty js .ab.andaned by Barrawer, ar ll, .after natice by .Lender to. Barrawer that the Oppasing Pmy (.as defined.in the next sentence) affers to. make .an .awMd to. Bettle .a £laim far damages, Barrawer fails to. respand to. Lender within 30 day.s .after the date the natice is given, Lender is .autharized to. £allect .and .apply the Miscellaneaus PIOceeds either to. restar.atian or repair af the PIOperty ar to the .sums secured by this Security lnstrument, wl1ether or nat then due. "Oppasing Pmy" means the third pmy that awes Barrawer Miscellaneaus Praceeds ar the party .against wham Barrawer .has a r.ight af .actian.in regard to. Miscellaneaus Praceeds. Barrawer.shall be.in default jf .any .actian or pIOceeding, wl1ether civil ar crimin;¡l, js begun that, .in Lender's judgment, .cauld result .in farfeiture af the Praperty ar ather material :impainnent af Lender's IDíerest .in the PIOperty or rights under this Security lnstrument. Barrower .can .cure .such .a default .and, jf .acceleratian.has a.c.curred, reinstate .as provjded.in Sectian 19, by c.;¡ming the .actian or proceeding to. be dismissed with.a ruling that, in Lender's jm'lz¡nP.T1t, precludes farfeiture af the Praperty or ather material .impainnent af Lender's IDíerest.in the Praperty ar rights under this Security lnstrument. The proceeds af .anyawMd ar .claim far damages that Me .attributable to. the :impainnent af Lender's interest in the PIOperty .are hereby .assigned .and.shall be paid to. Lender. All MiscellaneausPIOceeds that Me nat applied to restaratian or repair af the PIOperty .shall be .applied .in the orderprovjded for .in Sectian 2. G-6(WY) (ODDS) @ f'Bge 9 of 1S '"""~ TDrm 3051 1/01 JONES DARLENE 129489743 ::·n~!¡!mmm!;~; f~f¡~m*i~~mtWmj ....,.,.,._.r;-._"..",. "',.o·~,: "..":'''':'':-'':''' ..'_____. , ._...............a...........,... . J --.--- ',,"'LI ..·......:·;:I.I·;·~ :~>': '.~' ;,::..~.¡_~~~:?Ä:'~.~..:~/'}.; _~:.._-. 1 ~(.t2'1301. ,_J 0001.22 I 12. :Borrower Not ReleJlSed; Forbearance :By Lender Not a Waiver. Extension of the time for -payment or modification of amortization of the sums secured by this Security lnstrument granted by Lender to Borrower or any Successor in .Interest of Borrower shall not operate to release the liability of Borrower or any Successors in lnterest of Borrower. Lender shall not be required to commence proceedings lIgainst .any Successor in lnterest of Borrower or to refuse to extend time for payment or otherwÍse modify .amortization of the sums secured by this Security lnstrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy .including, without limitation, Lender's llCCeptance of payments from third persons, entities or Successors in .Interest of Borrower or in amounts less than the .amount then due, shall not be a waiver of or preclude the exercise of .any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower £:Ovenants .and agrees that Borrower's obligations and liability shall be joint.and several. However, .any Borrower w.ho co-signs this Security lnstrument but does .not execute the Note (a "w-signer"): (a) is co-signing this Security lnstrument only to mortgage, grant.and convey the co-signer's interest in the Property under the terms of this Security lnstrument; (b) is not personally obligated to pay the sums secured by this Security lnstrument; .and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or :make any .accommodations with regard to the terms of this Security Instrument or the Note without the .co-signer's consent. Subject to the provisions of Section 18, .any Successor in lnterest of Borrower w.ho liSsumeS Borrower's obligations under this Security lnstrument in writing, and is approved by Lender, shall obtain .all of Borrower's rights .and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations .and liability under this Security lnstrument unless Lender agrees to such release:in writing. The covenants .and lIgreements of this Security Instrument shall bind (except liS provided in Section 20) .and benefit the successors .and liSSigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in .connection with Borrower's default, for the pmpose of protecting Lender's interest :in th~ Property and rights under this Security lnstrument, including, but not limited to, attorneys' fees, property inspection.and valuation fees. In regard to any other fees, the absence of express authority :in this Security Instrument to .charge a specific fee to Borrower shall not be construed.as a prohibition on the charging of such fee. Lender may not .charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. lithe Loan is subject to a law w.hich sets maximum loan charges, and that law is finally interpreted so that the interest or other loan .charges collected or to be collected in connection with the Loan exceed the -permitted limits, then: (a) .any such loan charge shall be reduced by the amount necessary to reduce the .charge to the permitted limit; .and (b) .any sums already wllected from Borrower w.hich exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by .making a .direct payment to. Borrower. Jf a refund reduces principal, the reduction will be treated liS a partial prepayment without any prepayment charge (whether or .not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by .direct payment to Borrower will constitute a waiver of any right of .action Borrower might .have arising out of such overchar,ge. . ' 15. Notices. All notices given by Borrower or Lender :in connection with this Security lnstrument .must be in writing. Any notice to Borrower in connection with this Security lnstrument shall be deemed to. .have been given to Borrower when mailed by fust class mail or when actually delivered to Borrower's .notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicabl~ Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify .Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated .notice address under this Security lnstrument at .anyone time. Any .notice to Lender shall be given by delivering it or by m:¡ilinz it by first class mail to Lender's address stated .herein unless Lender has designated .another address by .notice to Borrower. Any .notice in connection with this Security lnstrument shall not be deemed to .have been given to Lender until .actually received by Lender. If .any notice required by this Security lnstrument is also required under Applicable Law, the Applicable Law requirement will satisfy the wrresponding requirement under this Security lnstrument. JONES DARLENE G-6(WYI (0005) ® f>age10of 15 ..J!{) FDrm 3051 1/01 129489743 ·..............._..~.'-... '.....'.'....~..... ,......................... . ,~..,.'->;,"'."",.,,,.......,'- ...¡",."". ;- ".,"'. ,,_.>,,-~ 0001.23 u~:t:¿1.~)01. 16. Governing Law; Severability; :Rules of Construction. This Security lnstrument shall be ,governed by federal law .and the law of the jurisdiction .in which the Property is located. All rights ..and obligations contained .in this Security lnstrument .are subject to my requirements ..and limitations of AppliCllble Law. ApplÌClible Law.might explicitly or implicitly .allow the pmies to .agree by contract or it might be silent, but such silence .shall not be construed .as a prohibition lIgainst .agreement by contract. .In the event tha.t my provision or c1IDlSe of this Security lnstrument or the Note conflicts with ApplÌClible Law, such conflict shall not .affect other provisions of this Security lnstrument or the Note which can be ,given effect without the conflicting provision. As used .in this Security 1nstrument: (a) words of 1he masculine gender shall me.an .and .include L:orresponding neuter words or words of the feminine gender; (b) words .in the .singula.r .shall me.an .and .include the pluralmd vice verSJl; .and (L:) the word "may" gives sole discretion without my obligation to :ta1œ my action. 17. Borrower's Copy. Borrower shall be given one copy of the Note.and of this Security lnstrument. 18. Transfer of the Property or a .Beneficiallnterest .in Borrower. As used .in this Section 18, ".Interest in the Property" means my legal or beneficial interest in the Property, .including, but .not limited to, .1hose beneficial interests tr.ansferred in 11 bond for deed, contract for deed, installment sales contract or -escrow .agreement, the intent of which is the tr.ansfer of title by Borrower .a.t a futuredi:1te to a purch.aser. I i 1f.all or llllY pm of the Property or llllY Interest.in the Property is sold or tr.ansferred (or if Borrower is not a natural person md a beneficial interest.in Borrower is sold or tr.ansferred) without .Lender's prior written. consent, Lender may require immediate payment in full of all SllIDS secured by this Security lnstrun1ent. However, this option .shall .not be exercised by .Lender if such -exercise is prohibited by AppliCllble Law. 1f Lender exercises this option, .Lender sluùl give Borrower notice of .acce1er.a.tion. The notice .shall provide a period of .not less than 30 days from the illlte the notice is given in accordance with Section 15 within w.hich Borrower .must pay .all SllIDS secured by this Security lnstrument. If Borrower fIDls to pay :these SllIDS prior to the expir.a.tion of this period, .Lender may invoke .any remedies permitted by this Security lnstrument without further notice or dem:mrl on Borrower. 19. .Borrower's Right to Reinstate After Âcceler.ation. If Borrower meets certain L:onditions, .Borrower shall ha.ve 1he right to ha.ve enforcement of this Security lnstrument discontinued at llllY time prior to the earliest of: (a) five days before.s.a.le of the Property pursu.ant to my power of sale conGrined in this Security lnstrument; (b) such other period .as Applicable Law might specify for the tenninö.tion of Borrower's right to reinstate; or (c) entry of 11 judgment enforcing this Security lnstrument. Those mnditions .are tha.t Borrower: (a) pays Lender all sums w.hich then would be due under this Security .Instrument .and the Note.as if.no .acceler.a.tion had occurred; (b) L:ures my defuult of llllY other covenants or .agreements; (c) pays.all expenses incurred in enforcing this Security lnstrument, including, but not limited to, reasoilllble .attorneys' fees, property inspection ..and valuation fees, md other fees incurred for 1he purpose of protecting Lender's interest in the Property lllld rights under this Security lnstrument; lllld (d) :ta1œs such action .as Lender may reasoilllbly require to .assure that l..ender's interest in the Property ..and rights under this Security lnstrument, ..and Borrower's obligation to pay the SllIDS secured by this Security lnstrument, shall continue uTIch:mp;ed. Lender may require that Borrower pay such rcinst;¡tp'TIlp.nt.sllIDS..and expenses in one or more of 1he following forms, .as selected by Lender: (a) !:.ash; (b) .money order; (c) certified check, b.an.k check,treasurer's check or cashier's check, provided llllY such check is drawn upon llll institution whose deposits .are insured by a federalllgency, instmTIlp.nt;¡lity or entity; or (d) Electronic Funds Tr.ansfer. Upon reinst;¡tp'TIlp.nt by Borrower, this Security lnstrument .and obligations secured hereby .shall remain fully effective .as if no acceler.a.tion l1a.d occurred. However, this right to reinsùite .shall not .apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Griev.ance. The Note or 11 pmial .interest in 1he Note (together with this Security lnstrument) can be sold one or more times without prior notice to Borrower. A .sale .might result in 11 change in :the entity (known .as the "Lo.an Servicer") that .collects Periodic Payments due under the Note ..and this Security lnstrument .and performs other mortgage lo.an .servicing obligations nnder the Note, this Security lnstrument, lllld Applicable Law. There .also might be one or more changes of 1he Lo.an Servicer .unrelated to 11 .s.a.le of the Note. 1f 1here is .a change of the Lom Servicer, Borrower will be given written .notice of 1he change which will .state the name ..and .address of the .new Lo.an Servicer, the address to w.hich payments should be.made lllld llllY other .information RESPA JONES DARLENE G-£(wy) (00051 @ "age' 1 of 15 '"..~ TDrm3051 1/01 129489743 i~lm~r~~m~~¡;~~~l~ w~~r~~iilmm~~~ ..-.............,-... .................. . .~'L'_~.....·..,~.·.....",~_·,·, _'--'. ,,·7'·.~·,1~-.'-,' . '.:; <~. 0..·.·;(" '':,'-::;'.'' .+,..,. ¡ ~<f.-!I?'" GO' 1.' U"'J ~.;L,J1 0001.24 requires.in connection with.a notice of tnmsfer of servicing. If the Note is sold.and thereafter the Lo<m is serviced by .a LoIDl Servicer other than the purchaser of the Note, the mortgage 10IDl servicing obligations 10 Borrower will remain with the Loan Servicer or be tnmsferred to a successor LoIDl Servicer .and .are .not .assumed by the Note purchaser unless otherwise provided by the Note purchaser . Neither Borrower .nor Lender may cornrn~n~e, join, or be joined to IDlY judicÙll.action (.as either .an individual litigant or the :member of a class) that .arises from the other party's .actions pursuant to this Security 1nstrument or that .alleges that the other party has breached .any provision of, or .any duty owed by reason of, this Security lnstrument, until such .Borrower or Lender has notified the other party (with such .notice given .in compliance with the requirements of Section 15) of such .alleged breach .and .afforded the other party hereto .a reasonable period .after the giving of such .notice to :talœ corrective .action. If Applicable Law provides a time period which must el.apse before certain .action can be :talœn, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of .acceler.ation .and opportunity to cure given to Borrower pursuant to Section 22 .and 1he .notice of .acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfY the notice .and opportunity to :talœ corrective .action provisions of this Section 20. I i .21. Hazardous Substances. As med in this Section 21: (a) ".Hazardous Substances" .are those ~ubstances .defined .as toxic or .hazardous substances, POllUÙlIl1S, or w.astes by Environrnffl1t;¡l Law IDld the 10110wing substances: g.asoline, .kerosene, other fI;¡rnrn;¡ble or toxic petroleum products, toxic pesticides I ~d herbicides, volatile solvents, materÙlls cont;¡ininß .asbestos or fonnaldehyde, .and radio.active :materials; (b) "Environrn~nt;¡l Law" means federal laws .and laws of the jurisdiction where the Property is located that relate to health, safety or :environrnffl1t;¡l protection; (c) "Environrn~nt;¡l Cleanup" includes IDlY response .action, remedial .action, or removal .action, .as defined in Environrn~nt;¡l Law; .and (d) an "Environrn~nt(ll Condition" .means .a condition that can cause, contribute to, or otherwise trigger .an Environmental Cleanup. Borrower sh.all.not .cause or permit the presence, me, disposal, storage, or release of .any Hazardous SubstaJtces, or threaten to release .any Hazardous Substances, on or in the Property. Borrower shall not do, .nor .allow .anyone:else to do, IDlything .affecting the Property (a) that is in violation of IDlY Environrn~nt;¡l .Law, (b) which creates .an Environmental Condition, or (c) which, due to the presence, use, orrelease of .a Hazardous Substance, creates a condition that .adversely .affects the value of the Property. The preceding two sentences sh.all not apply to the presence, use, or storage on the Property of small qllilD1ities of Hazardous Substances that .are gener.ally recognized to be .appropriate to nonnal residential mes .and to m;¡int~n¡m~e of1hePropcrty (including, but not limited to, .hazardous substances in consumerproducts). .Borrower shall promptly give Lender written notice of (a) .any investig.ation, claim, demand, lawsuit or other .action by any governmental or regulatory .agency or private party involving the Property .and .any Hazardous Substance or Environmental .Law of w.hich Borrower has .actual .knowledge, (b) .any Environmental Condition, indllrliT1.ß but .not limited to, .any spilling, leaking, discharge, release or threat of release of .any Hazardous Substance, .and (c) .any condition .caused by the presence, use or rele.ase of .a Hazardous Substance which adversely .affects 1he value of the Property. If Borrower learns, or is notified by .any governrn~nt;¡l or regulatory authority, or .any private party, that any removal or other remediation of IDlY Hazardous Substance .affecting the Property is necessary, Borrower shall promptly ta1œ .all necessary Iemedial .actions in .accordance with Environrnffl1t;¡l Law. Nothing herein shall create.any obligation on Lender for .an Environmental Cleanup. JONES DARLENE _~6(WY) (ODDS) @ Page 1.2 of n, '"~,Ø¡f Tmm 3051 1/01 129489743 ..__~. 8'_.'-'_'_~.,-,.,.__."",...,__.·.~~,.....~.,...""_~,,"----,-_.......,-,_~.,,-.....,,,-....,.....,.,......_..,...... ....0." ,_ ._~.........,.-....... . "-'-''-.~...............'''"'''''''..~"."'''',~,-,.,,'----''-'., U~j;¿1.901. 0001.25 NON-UNIFORM COVENANTS.1ioITower<md .Lender further cov.enIDlt.and.agree.as follows: 22. Acceleration; Remedies. Lender .shall give notice to Borrower prior to .accelerBtion following Borrower's breach of .any £ovenant or .agreement in this Security Instrnment (but not, prior to .acceler.ation 1lIlder Section 18 unless Applicable Law provides otherwise). The notice .shall specify: (a) the default; (b) the.action required to cure the default; (c).a date, not less than 30 days from the date the notice is given to Borrower, by w.hich the default must be au-ed; .and (d) that failure to cure the default on or before the date specified in the notice may result in .acceleration of the sums secured by this Security .Instrument .and sale of the Property. The notice .shall further inform Borrower of the Tight to reinstate .after .acceleration .and the right to bring.a court .action to .assert the non-existence of .a default or .any other defense of Borrower to .acceler.ation .and sale. If the default is not au-ed on or before the date specified in the notice, Lender .at its option may require immediate payment in full of .all sums secured by this Security .Instrument without further demand .and may invoke the power of sale .and .any other remedies permitted by Applicable Law. Lender shall be entitled to collect .all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable .attorneys' fees.and £osts of title evidence. .If Lender invokes the power of sale, Lender .shall give notice of intent to foreclose to Borrower .and to the person in possession of the Property, .if different, in .accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender .shall publish the notice of sale, .and the Property .shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property .at .any sale. The proceeds of the sale.shall be .applied in the following order: (a) to·.all £xpenses of the sale, including, but not limited to, reasonable .attorneys' fees; (b) to.all sums secured by this Security.Instrument; .and (c).any excess to the person or persons legally entitled to it. . 23. Release. Upon payment of .all.sums secured by this Security lnstrument, Lender shall release this Security 1nstrument. Borrower shall pay any recordation costs. Lender may charge Borrower .a fee for releas~ this Security Instrument, but only if the fee is paid to .a third party for services rendered and the charging of the fee is pcrmitted under Applicable Law. i i I ' i i 24. W.aivers. .Borrower releases <md wmves .all :rights under .and by virtue of the .homestead I ixemptionlaws of Wyoming. I ! G-6(WY) (00051 @ PBge 13 of 15 m"JJtf FDrm 3051 1/01 JONES DARLENE 129489743 ¡i~~!~~mm~ifi~;~i~~~ :;:~~-:;::f'¡;:í: ¡~ì ::*~~:;:;~¡ &':'Ø7~:r11ì!~~1;;¡~t ~.$.i~' ~~I¡*~~l,~~m .- ....-._._.~.......,~........... .......-.... ......-. t."··-,·-_...._~................·_,~ .c.. ".""... .,' .-.............00...................... .- .-''''''' - ._~....,. ..... ............................,."-'--...~,-.~. .............. .,,'.-...........-<,-"-,....... -"'. t._:_.>, ,-:. - "!:;..t..""~',..z¡..:" ~'<:;"" ;.,~ '. ~ n~121.~01 OOOj,26 ¡ ! :BY SIGNING BELOW, Borrower .accepts 1lIld .agrees 10 the :terms 1lIld covenants contaffied :in this ¡Security Instrument.and :in .any Rider executed by Borrower .and recorded with it. I I ¡Witnesses: I (Seal) ~orrower (Seal) -.Borrower (Seal) ...,Borrower JONES DARLENE G-6(WY) (0005) @ Ifi&~ /¿eU-b4 129489743 PlIge 14 D1 1"5 (Seal ) ...,Borrower (Seal) ...,Borrower (Seal) -:Borrower (Seal) -:Borrower (Seal) ...,Borrower TDrm3051 1/01 _ _ u......-....__·..... .. D;)21~)01. OOO~27 STATE OF WYOl\fiNG, Teton County ss: The foregoing instrument was acknowledged before me this by Darlene G. Jones. a single woman August 29. 2006 My Commission Expires: L l{Ç/2D () 1 _.~ NObry/:-d. ~ f~ßKAREÑ~~NôTAAYPûBUcl \ C h' Of O'I State of) \. _,ou"., 'Ít,"~ \A/ "ng I( '" Lincoln ø:~ ..yoml. ~. :: .~:Y 9?n~I~~~~~~.~~~~~_'(~£:l~~ JONES DARLENE cD ·6(WYII00051 @ Page 15 of 15 ~ Form 3051 1/01 129489743 :;: !~~i~¡l~!~i~¡~b~i; ~¡f~Œ!¡Im~~WF :~;::::~IT:{m :;;:;:~;::::::::~:I:'~ :"i!~!'!.iflf1!'!'".I!.Il.:.!i~~~~:.: :. :<1:: '!' :.!::, :;~:~:.:!I;·"'~:!,;'T.·¡Ii:l"I.:;¡a:.~ ';";4;;" ."', .:-. -. ,::. '. ...... i\ ",'!' .iL",-, ", ,""," I" ",·...·.!I..'...·"'...t.·;!,¡·.,.· ·.·, 1 '. .'j" :,.;;'::...l'.~!.i..~<õt...,U:';\.,;f1;:-·-u"nJ1-,'T,.~H1~> ...~',·.','_,~·;,~~. . ·''''~:;;i.., ..:,..;!;'..¡1.!..·.' "".".;, .:.'.';I,:...'i!~...;!I~.:¡:;..!". , , ¡ I ;" 03Z1.901 Description: Hobbs 454PR 184 Adjusted 0001.28 A portion of the Hobbs property, as referred to in the deed .recorded in Book 454PR on Page 184, with the Office of the Clerk of Lincoln County, Wyoming, within the NE1/4SE1/4 6f Section 10, T35N, R119w, of the 6ili P.M., Lincoln County, Wyoming, the metes and bounds being more particularly described as follows: BEGINNING at a Point on the South line of. the NE1/4 of said Section 10, said Point of Beginning, being 469.56 feet N89°27'00"W, along said South line from the Baker Engineers PE/LS 698, 1982 location for the Southeast Corner of said NE1/4; thence SOo33'00"W, perpendicular to said South line, 206.61 feet to a Point in the North line of the Sanderson property referred to the Deed recorded in Book 377PR, on Page 628, with said Office; thence N89°25'26"W, along said North line, 207.36 feet to the Southeast corner of the Gibson property, as referred to in the Deed recorded in Book 530PR, on Page 669, with said Office; thence NOo01'13"E, along the East line of said Gibson property, 206.53 feet to Point in said South line; thence S89°27'00"E, along said South line, 209.27 feet, to the Point of Beginning, containing 0.9± Acres of land. I- ! SUBJECT TO: A 30-foot wide Right-of-Way Easement, along the North line of the above described Parcel, being Etna West I ! . ~ounty Road 12-169, as referred to ln Instrument No. 545038 ~ecorded in Book 168PR, on Page 55. I , TOGETHER WITH~and SUBJECT TO: All Easements, Exceptions, Restrictions, Reservations, Rights-of-Way and Improvements of sight and or· record.