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000441'
After Recording Return To:
ALLIANCE TITLE
71 US 30 NORTH
KREMMERER, Wyoming 83101
RECEIVED 9/21/2006 at 3:35 PM
RECEIVING # 922668
BOOK: 634 PAGE: 441
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data)
~IN:100029500013557172
MORTGAGE
(Secondary Lien)
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 10, ]2, 17, ] 9,
and 20. Certain mles regarding the usage of words used in Ihis document are also provided in Section ]5,
(A) "Security Instrument" means this document, which is dated September 15,2006
Riders to this document.
, together with all
(B) "Borrower" is TIM CLINE
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Borrower is the mortgagor tmder this Secluity Instrument.
(C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
nominee for Lender and Lender's successors and assigns. MERS Is the beneficiary under this Security Instrument. MERS
is organized and existing under the laws of Delaware, and has an address and telephone number of P.O, Box 2026, Flint, MI
4850]-2026, tel. (888) 679-MERS.
(D) "Lender" is Taylor, Bean & Whitaker Mortgage Corp.
Lender is a a Florida Corporation
the laws of FL
1417 North Magnolia Ave, Ocala, FL 34475
orga¡úzed and existing under
, Lender's address is
(E) "Note" means the promissory nole signed by Borrower a¡1d dated September 15, 2006 . The Note
states that Borrower owes Lender Twenty Three Thousand Five Hundred Fifty and no/100
Dollars (U.S. $23,550.00 ) plus interest. Borrower has promised
to pay this debt in regular Periodic Paymenls and to pay the debt in full nollater than October 01, 2036
(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property.n
WYOMING MORTGAGE-Single Family-Secondary LIen
THE COMPliANCE SOURCE, INC. 0
ITEM T8700l1 (0304}-MERS (Pug/! J of J J ]><Jg/!s)
GAEATlAND.
To Order ea.: HlOO·530-9393 0 fax; 616-791-1131
1/1111111111111111111111111 111111111111111111111111111111111111111111111111
·0245041355717*
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(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
Note, if allowed under Applicable Law, and all sums due under this Security Instnllnent, plus interest.
(II) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Ri~ers are to be
executed by Borrower [check box as applicable):
o Adjustable Rate Rider
o Balloon Rider
o Condominiml1 Rider
00 Second Home Rider
o Planned Unit Development Rider
o Biweekly Payment Rider
o Home Improvement Rider
o Revocable Trust Rider
o Other(s) [specify]
(I) "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 applicable final, non-appealable judicial opinions.
(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
imposed OIl Borrower or the Property by a condominium association, homeowners association or similar organization.
(K) "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 tenninal, telephonic instrument, computer, or magnetic tape
so as to order, instruct, or authorize a financial institution to debit or credit an account. Such tenn includes, but is not limited
to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
automated clearinghouse transfers.
(L) "Escrow Items" means those items that are described in Section 3.
(M) "Miscellaneous Proceeds" means any compensation, settlemenl, award of damages. or proceeds paid by any third
party (other than insurance proceeds paid under the coverages described in SectiOlI 5) for: (i) damage to, or destruction of, the
Property; (ii) condeßUJation or other taking of all or any part of the Property; (iii) conveyance in lieu of condenmalÍon; or
(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
(0) "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.
(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.c. § 2601 et seq.) and its implementing regulation,
Regulation X (24 C.F.R. Part 35(0), as they might be amended from time to time, or any additional or successor legislation
or regulalÍon that governs the same subject matter. As used in this Security Instrument, "RESP A" refers to all requirements
and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
"federally related mortgage loan" under RESPA.
(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
assumed Borrower's obligations under the Note and/or this Security Instnllnent.
WYOMING MORTGAGE-Sin¡de Fanüly-8ecoDdary UeD
TIiE COMPLIANCE SOURCE. INC, C
ITEM TB700L2 (0304)-MERS (Page 2 of / / page,,)
GREATLAND.
To Order CaU: 1-800-530-93930 Fax: 616-791-1131
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0922668
TRANSFER OF RIGHTS IN THE PROPERTY
000443'
This Security Instmment secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
the Note; and (ii) the perfonuance of Borrower's covenants and agreements under this Security Instrument am\ the Note. For
this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's
successors and assigns) and to the successors and assigns of MERS, with power of sale, the following described property
located in the County of LINCOLN
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
See Attached Exhibit A.
which currently has the address of
ALPINE
[City]
, Wyonúng
423 PINE STREET
[Srreetl
83128
[Zip Code]
("Property Address"):
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
Instmment. All of the foregoing is referred tO,in this Security Instrument as the "Property," Borrower understands and agrees
that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply
with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all
of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
Lender including, but not ]inúted to, releasing and canceling this Security Instrument.
BORROWER COVENANTS that Borrower is ]awfully seised of the estate hereby conveyed and has the right to
mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
encumbrances of record.
THIS SECURITY INSlRUMENT combines lIJùforn1 covenants for national use and non-unifonu covenants with
limited variations by jurisdiction to constitute a unifonu security Înstnuuent covering real property.
UNIFORM COVEN~S. Borrower and Lender covenant and agree as follows:
1. Payment or Principal, Interest and Other Charges. Borrower shall pay when due the principal of, and interest
on, the debt evidenced by the Note and if allowable under Applicable Law, any prepayment charges and late charges due
under the Note. Payments due under the Note and this Security Instrument shall be made in V,S. currency. However, if any
check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender
unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instmment be made in
one or more of the following fonns, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
treasurer's check or cashier's check, provided ai1y such check is drawn upon an institution whose deposits are insured by a
federal agency, instmmentaIity, or entity; or (d) Electronic Funds Transfer.
2. AppUcation or Payments or Proceeds. 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 ]4 or in such manner or location as required tmder Applicable Law. Except as otherwise described in tlùs Section 2, and
as pernùned llIJder Applicab]e Law, all payments accepted and applied by Lender shall be applied in the following order of
WYOMING MORTGAGE-Single Family-Secondary Lien
THE COMPLIANCE SOURCE, INC, 0
ITEM T8700L3 (0304}-MERS (Page 3 of J J pages)
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priority: (a) interest due under the Note; (b) principal due lUlder the 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 remaining amounts shall be applied first to late
charges, second to any other amounts due lUlder this Security Instnnnent, and then to reduce the principal balance of the Note,
If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient Ilmount to pay
any late charge due, the payment may be applied to the delinquent payment and the late charge, If more than one Periodic
Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,
and to the extent that, each payment can be paid in full, To the extent that any excess exists after the payment is applied to the
full payment of one or more Periodic Payments, such excess may be applied to any late charges due. To the extent pennitted
by Applicable Law, vohmtary prepayments shall be applied first to any prepayment charges and then as described in the Note.
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not
extend or postpone the due date, or change the amount, of the Periodic Payments,
3. Funds for Escrow Items. Subject to Applicable Law, Borrower shall pay to Lender on the day Periodic Payments
are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of an10unts due for:
(a) taxes and assessments and other items which can attain priority over this Security Instmment as a lien or encumbrance on
the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required
by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any slllns payable by Borrower to Lender in lieu
of the payment of Mortgage Insurance premiums. These items are called "Escrow Items," At origination or at any time
during the tenn of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be
escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly fumish to
Lender all notices of an10unts to be paid under this Section. Borrower shall pay lender the Funds for Escrow Items unless
Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation
to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such
waiver, Borrower shall pay directly, when and where payable, the anlounts due for any Escrow Items for which payment of
Ftmds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts evidencing such payment within
such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all
purposes be deemed to be a covenant and agreement contained in this Security Instmment, as the phrase "covenant and
agreement" is used in Section 8. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower
fails to pay the amOlUlt due for an Escrow Item, Lender may e¡¡.ercise its rights under Section 8 and pay such amount and
Borrower shall then be obligated lUlder Section 8 to repay to Lender any such amount. Lender may revoke the waiver as to
any or all Escrow Items at any time by a notice given in accordance with Section 14 and. upon such revocation, Borrower
shall pay to Lender all Funds, and in such aJnow1ts, that are then required under this Section 3.
Lender may, at any time, collect aJ1d hold Funds in an amount (a) sufficient to pennit Lender to apply the Funds at the
time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. lender shall
estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow
Items or otherwise in accordance with Applicable Law.
The Funds shall be held in aJl institution whose deposits are insured by a federal agency, instmmentality, or entity
(including Lender, if Lender is an institution whose deposits are so insured) or in aJ1Y Federal Home Loan BaJ1k. Lender shall
apply the Funds to pay the Escrow Items no later than the time specified lmder RESPA. Lender shall not charge Borrower for
holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
Borrower interest on the Funds and Applicable Law pennits Lender to make such a charge. Unless an agreement is made in
writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest
or earnings on the Funds. Borrower aJ1d lender can agree in writing, however, that interest shall be paid on the Funds.
Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESP A.
If there is a swplus of Funds held in escrow, as defined under RESP A, Lender shall account to Borrower for the excess
funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, lender shall
notify Borrower as reqlúred by RESPA, aJ1d Borrower shall pay to Lender the aJnount necessary to make up the shortage in
accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
defined under RESP A, Lender shall notify Borrower as required by RESP A, and Borrower shall pay to Lender the amount
necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund to Borrower any
Funds held by Lender. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that
Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. If
under Section 21 the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply no later than
WYOMING MORTGAGE-Single Family--secondary Lien
THE COMPLIANCE SOURCE, INC, C>
ITEMT8700L4 (0304ì-MERS (Page 4 of J J pages)
GREATLAND .
To Order CaD: 1-80()-S3()-9393 0 Fax: 616-791-1131
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0922668
000445'
immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application
as a credit against the sums secured by this Security Instmment.
4. Charges; Liens. Borrower shall perfoml all of Borrower's obligations under any mortgage, deed of trust, or other
security agreement with a lien which has priority over this Security Instrument. Borrower shall pay when pue, all taxes,
assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instmment,
leasehold payments or grOlUld rents on the Property, if any, and Conununity Association Dues, Fees, and Assessments, if any.
To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
Borrower shall promptly discharge any lien other than a lien disclosed to Lender in Borrower's application or in any title
report Lender obtained which has priority over this Security Instmment 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 perfonning such agreement;
(b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion
operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded;
or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Secmity Instnunent.
Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
Lender in connection with this Loan if allowed under Applicable Law.
5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
insured against loss by fire, hazards included within the tenn "extended coverage," and any other hazards including, but not
limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amOlUlts
(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
sentences can change during the tenn of the Loan, The insurance carrier providing the insurance shall be chosen by Borrower
subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may
require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone detennination,
certification and tracking services; or (b) a one-time charge for flood zone detemunation and certification services and
subsequent charges each time remappings or similar changes occur which reasonably might affect such detemunation or
certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management
Agency in connection with the review of any flood zone detemunation resulting from an objection by Borrower.
If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
option and Borrower's expense. Lender is lUlder no obligation to purchase any particular type or amount of coverage. Therefore,
such coverage shall cover Lender, but might or nught not protect Borrower, Borrower's equity in tile Property, or the contents of
the Property, against any risk, hazard or liability and nught provide greater or lesser coverage than was previously in effect.
Borrower acknowledges that the cost of the insurance coverage so obtained nught significantly exceed the cost of insurance that
Borrower could have obtained. Any anlOunts disbursed by Lender under this Section 5, shall be added to tile unpaid balance of
the loan and interest shall accme at the Note rate, from the time it was added to the lUlpaid balance tUTtil it is paid in full.
Subject to Applicable Law, 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 mortgage clause, and shall name Lender as mortgagee
and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
Borrower shall promptly give to'Lender all receipts of paid prenutUus and renewal notices. If Borrower obtains any fonn of
insurance coverage, not otherwise required by Lender, for danlage to, or destmction of, the Property, such policy shall
include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds.
whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if
the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration
period, Lender shall have the right to hold such insurance proceeds lUltil Lender has had an opportunity to inspect such
Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on
such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for
public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the
sole obligation of Borrower. If the restoration or repair is not econonucally feasible or Lender's secwity would be lessened,
the insurance proceeds shall be applied to the sums secured by this Security Instmment, whether or not then due, with the
excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
matters, If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a
WYOMING MORTGAGE-Single Family-SecODdary LIeD
THE COMPLIANCE SOURCE, INC, 0
ITEM T8700l5 (0304)-MERS (Page 5 of J J pages)
N'N,':;:':':::::::
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GREA1l.AND .
To Order CaM; 1-800-53(}'9393 0 Fax: 616-791-1131
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0922668
000446
claim, then Lender may negotiate and settle the claim, The 3D-day period will begin when the notice is given. In either event,
or if Lender acquires the Property lmder Section 21 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to
any insurance proceeds in an anlount not to exceed the amounts unpaid Wlder the Note or this Security Instnunent, and
(b) any other of Borrower's rights (other than the right to any refund of uneamed premiums paid by BorroJWer) under all
insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use
the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security
Instrument, whether or not then due,
6. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage
or impair the Property, allow the Property to deteriorate or conunit waste on the Property. Whether or not Borrower is
residing in the Property, Borrower shall maintain the Property in order to preventùle Property from deteriorating or
decreasing in value due to its condition. Unless it is detennined pursuant to Section 5 that repair or restoration is not
economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If
insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be
responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may
disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is
completed. If the insurance or condenmation proceeds are not sufficient to repair or restore the Property, Borrower is not
relieved of Borrower's obligation for the completion of such repair or restoration.
Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender
may inspect the interior of the improvements on the Property, Lender shall give Borrower notice at the time of or prior to
such an interior inspection specifying such reasonable cause.
7. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or
any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false,
misleading, or inaccurate infonnation or statements to Lender (or failed to provide Lender with material infonnation) in
connection with the Loan. Material representations include, but are not limited to, representations conceming Borrower's
occupancy of the Property as Borrower's principal residence.
8. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower
fails to perl'ornl the covenants and agreements contained in this Security Inslnunent, (b) there is a legal proceeding that might
significantly affect Lender's interest in the Property and/or rights under this Security Instmment (st,lch as a proceeding in
bankruptcy, probate, for condemnation or forl'eiture, for enforcement of a lien wlúch has or may attain priority over tlús
Security Instmment or to enforce laws or regulations), or (c) Borrower has abandoned the Property, Ùlen Lender may do and
pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security
Instnunent, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property.
Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has or may attain priority
over tlús Security InstrWllent; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the
Property and/or rights lUlder this Security Instnunent, including its secured position in a bankmptcy proceeding. Securing the
Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and
windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned
on or off. Although Lender may take action lUlder this Section 8, Lender does not have to do so and is not under any duty or
obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 8.
Any anl0lUllS disbursed by Lender under this Section 8 shall become additional debt of Borrower secured by this
Security Instrument if allowed under Applicable Law. These amounts shall 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.
If this Security Instmment is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
9. Mortgage Insurance. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain
losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to
maintain the Mortgage Insurance in effect.
10. Assignment of MisceUaneous Proceeds; Foñeiture. TIle Miscellaneous Proceeds of any award or claim for
damages, direct or consequential, in connection with any condenmation or other taking of the Property, or part thereof, or for
conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender, subject to the tenns of any mortgage,
deed of trust or other security agreement with a lien which has priority over this Security Instmment.
If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period,
WYOMING MORTGAGE-Sin!/.le Family-SecoD(lary LIeD
THE COMPLIANCE SOURCE, INC. iP
ITEM T8700L6 (0304t-MERS (Page 6 of JJ pages)
GREATLAND.
To Order CaN: 1-800-530-9393 0 Fax; 616-791-1131
0922668
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Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property
to ensure the work has been completed to Lender's satisfaction, provided thaI such inspection shall be undertaken promptly.
Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is
completed, Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous
Proceeds, Lender shall not be required to pay Borrower any interest or eamings on such Miscellaneous Proceeds. If the
restoration or repair is not econonùcally feasible or Lender's security would be lessened. the Miscellaneous Proceeds shall be
applied to the sums secured by this Security Instmment, whether or not then due, with the excess, if any, paid to Borrower.
Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined
in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender witlùn 30
days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to
restoration or repair of the Property or to the sums secured by this Security Instmment, whether or not then due, "Opposing
Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of
action in regard to Miscellaneous Proceeds.
Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
could result in forfeintre of the Property or other material impaim1ent of Lender's interest in the Property or rights under this
Security Instrument, Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 18,
by causing the action or proceeding to be disnùssed with a ruling that, in Lender's judgment, precludes forfeiture of the
Property or other material impainuent of Lender's interest in the Property or rights under this Security Instrument. The
proceeds of any award or claim for dan1ages that are attributable to the impainuent of Lender's interest in the Property are
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 order
provided for in Section 2.
11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of an10rtization of the sums secured by this Security Instrument 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 Interest of
Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse
to extend time for payment or otherwise modify amortization of the sums secured by this Security Instnnuent 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 linùtation, Lender's acceptance of payments from third persons, entities or
Successors in Interest of Borrower or in amounts less than the amOlmt then due, shall not be a waiver of or preclude the
exercise of any right or remedy.
12. Joint and Several LiabUity; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that
Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instnuuent
but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the
co-signer's interest in the Property under the tenus of tills Security Instrument; (b) is not personally obligated to pay the sums
secured by this Security h1strument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or
make any accommodations with regard to the tenus of this Security hlstrument or the Note without the co-signer's consent.
Subject to the provisions of Section 17, any Successor in Interest of Borrower who assLUnes Borrower's obligations
under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under
this Security Instnlment. Borrower shall not be released from Borrower's obligations and liability under this Security
Instrument lU11ess Lender agrees to such release in writing. The covenants and agreements of this Security Instmment shall
bind (except as provided in Section 19) and benefit the successors and assigns of Lender.
13. Loan Charges. Lender may charge Borrower fees for services perfonned in connection with Borrower's defalùt,
for the purpose of protecting Lender's interest in the Property and rights under this Security Instmment, as allowed under
Applicable Law, The absence of express authority in this Security Instnlluent 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.
If the Loan is subject to a law which 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 pemùtted linùts, then: (a) any such
loan charge shall be reduced by the amount necessary to reduce the charge to the penuitted limit; and (b) any sums already
collected from Borrower which exceeded pemùned linùts 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. If a refund reduces
principal, the reduction will be treated as a partial prepayment.
WYOMING MORTGAGE-Single Family-&condary Lien
THE COMPLIANCE SOURCE, INC, 0
ITEM T8700L7 (0304~MERS (Puge 7 of] J puge.\)
~~~~¡~¡mmm!~iW:~
GREATl.AND .
To Order CaO: 1-801).531).93930 Fax; 616-791-1131
"':~iif~i~~iii:!!.·
09Z2668
000448
14. Notices. All notices given by Borrower or Lender in cormection with this Security Instrument must be in writing.
Any notice to BOITOwer in connection with this Security Instrument shall be deemed to have been given to Borrower when
mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone
Borrower shall constitute notice to all Borrowers unless Applicable 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 wIder this SecLUity Instnunent at anyone time. Any notice to Lender shall be given by delivering it
or by mailing 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 Instrument shall not be deemed to have been given to Lender until
actually received by Lender, If any notice required by this Security Instrument is also required under Applicable Law, the
Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument.
15. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law
and the law of the jurisdiction in which the Property is located. All rights and obligations contained in tIús Security
Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law núght explicitly or implicitly
allow the parties to agree by contract or it núght be silenl. but such silence shall not be constmed as a prohibition against
agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with
Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given
effect without the conflicting provision.
As used in this Security Instmment: (a) words of the masculine gender shall mean and include corresponding neuter
words or words of the fenúnine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the
word "may" gives sole discretion without any obligation to take any action.
16. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.
17. Transfer of the Property or a BeneOci:d Interest in Borrower. As used in this Section 17, "Interest in the
Property" means any legal or beneficial interest in the Property, including. but not limited to, those beneficial interests
transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the
transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural
person and a beneficial interest in Borrower is sold or transferred) without Lender's prior wrinen consent, Lender may
require inunediate payment in full of all sums secured by this Security Instmment. However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration, The notice shall provide a period of
not less than 30 days from the date the notice is given in accordance with Section 14 within which Borrower must pay all
sums secured by this Security Instmment. If Borrower fails to pay these sums prior to the expiration of this period, Lender
may invoke any remedies peruúned by this Security Instmment without further notice or demand on Borrower.
18. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the
right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale
of the Property pursuant to any power of sale contained in tlús Security Instrument; (b) such other period as Applicable Law
núght specify for the ternúnation of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument.
Those conditions are that Borrower. (a) pays Lender all sums which then would be due under this Security Instrument and the
Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
incurred in enforcing this Security Instrument, as allowed under Applicable Law; and (d) takes such action as Lender may
reasonably require to assure that Lender's interest in the Property and rights lmder this Security Instrument, and Borrower's
obligation to pay the SUlns secured by this Security Instrument, shall continue unchanged, Lender may require that Borrower
pay such reinstatement sums and expenses in one or more of the following fonns, as selected by Lender: (a) cash; (b) money
order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an
institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon
reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no
acceleration had occurred. However, this right to reinstate shall not apply in the case of accelerationlmder Section 17.
19. Sale of Note; Change or Loan Servicer¡ Notice of Grievance. The Note or a partial interest in the Note (together
with this Security Instmment) can be sold one or more times without prior notice to Borrower, A sale might result in a
change in the entity (known as the "Loan Servicer") that collects Periodic Payments due lmder the Note and this Security
Instnuneni and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable
Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note, If there is a change of the
WYOMING MORTGAGE-Single Family-Secondary Lien
THE COMPLIANCE SOURCE, INC, e
ITEM T8700l8 (0304ì-MERS (Page 8 of J J pages)
GREATl.AND .
To Order Cal: 1·800-530-9393 0 Fax: 616-791-1131
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0922668
000449
Loan Servicer, if required under Applicable Law, Borrower will be given written notice of the change which will state the
name and address of the new Loan Servicer, the address to which payments should be made and any other infonnation
RESP A requires in connection with a notice of transfer of servicing. If Ùle Note is sold and thereafter the Loan is serviced by
a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower wit! remain with
the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser lmless otherwise
provided by the Note purchaser,
Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or
the member of a class) that arises from the other pany's actions pursuant to this Security Instrument or that alleges that the
other party has breached any provision of, or any duty owed by reason of, this Security Instmment, lmtil such Borrower or
Lender has notified the other party (with such notice given in compliance with the requirements of Section 14) of such
alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action.
If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be
deemed to be reasonable for purposes of this section. The notice of acceleration and opportunity to cure given to Borrower
pursuant to Section 21 and the notice of acceleration given to Borrower pursuant to Section 17 shall be deemed to satisfy the
notice and opportlU1ity to take corrective action provisions of this Section 19,
20. Hazardous Substances. As used in this Section 20: (a) "Hazardous Substances" are those substances defined as
toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene,
other flanmlable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos
or fonnaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where
the Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any
response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition"
means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
Borrower shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous Substances, or
threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely
affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property
of small quantities of Hazardous Substances that are generally recognized to be appropriate to nonnal residential uses and to
maintenance of the Property (including, but not linùted to, hazardous substances in consumer products).
Borrower shall promptly give Lender written notice of (a) any investigation, 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 which Borrower has actual knowledge, (b) any Environmental Condition, including 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 release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is
notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any
Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in
accordance with Envirorunental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration foDowlng Borrower's
breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under Section 17
unless Applicable Law provides otherwise). The notice shaD 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 which the default must be
cured; and (d) that faDure 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 right 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 acceleration and sale. If the default Is not cured on or before the date specified In the
notice, Lender at Its option may require immediate payment In full of all sums secured by this Security Instrument
without further demand and may Invoke the power of sale and any other remedies permitted by Applicable Law.
Lender shaD be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 21,
Including, but not limited to, reasonable attorneys' fees and costs of title evidence.
If Lender invokes the power of sale, Lender shall give notice of Intent to foreclose to 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 14. Lender shaD publish the notice of sale, and the Property shall be sold
WYOMING MORTGAGE-Single Family-SecoDdary Uen
THE COMPUANCE SOURCE, INC, 0
ITEM T8700l9 (0304}-MERS (Page 9 of J J pages)
GAEATU\ND.
To Order eal: I-ßOO-530-9393 0 Fax: 616-791-1131
':,:' ;,. '~'S"'I" .~..
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'0922668
000450
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 expenses of the sale, Including, but not limited to,
reasonable attorneys' fees; (b) to aU sums secured by this Security Instrument; and (c) any excess to the person or
persons legally entitled to It .
22. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instnnnent. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing Ù1is Security
Instrument, but only if the fee is paid to a Ù1ird party for services rendered and the charging of the fee is pennitted under
Applicable Law.
23. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of
Wyoming.
REQUEST FOR NOTICE OF DEFAULT
AND FORECLOSURE UNDER SUPERIOR
MORTGAGES OR DEEDS OF TRUST
Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which has
priority over this Security Instrument to give notice to Lender, at Lender's address set forth on page one of this Mortgage, of
any default under the superior encumbrance and of any sale or other foreclosure action,
BY SIGNING BELOW, Borrower accepts and agrees to the tem1S and covenants contained in pages
::uri:~:y ~d«~~"tM by ::~u Md ~ ~ili it.
TIM CLINE -Borrower
I Ù1rough II of
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
Witness:
Witness:
WYOMING MORTGAGE-Single Family-Secondary Lien
THE COMPLIANCE SOURCE, INC, C
ITEM T8700l10 (0304)-UERS (Puge 10 of]] puge,,)
GREATLAND.
To Order Cal: 1-80()-53()-9393 0 Fax: 616-791-1131
0922668
State of Wi' SCðn {oM
County of W Q., l (,.Vo r i-l1
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000451
The foregoing instrument was acknowledged before me by T ~ fV\ CIl'Y1.12-
this
I q -4-11 day of S tpt-U'ÞL1ou- I /-- (/lJ &
Witness my hand and official seal.
~()AvT1 fÂrþ;~ N..~~bI"
WYOMING MORTGAGE-Single Family-8ecoDdary LIeD
THE COMPLIANCE SOURCE, lNG, e
ITEM T8700L11 (0304}-MERS (Page I1 of I1 p<lges)
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GREATLAND.
To Order CaY; 1-1100-530-9393 0 Fax: 616-791-1131
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000452
SECOND HOME RIDER
THIS SECOND HOME RIDER is made this 15th day of September 2006
and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or
Security Deed (the "Security Instnunent") of the same date given by the undersigned (the "Borrower,"
whether there are one or more persons undersigned) to secure Borrower's Note to Taylor. Bean &
Whitaker Mortgage Corp.
.
.
(the "Lender") of the same date and covering the Property described Jl) the Security Instrument (the
"Property"), which is located at:
423 PINE STREET
ALPINE. WY 83128
[Propeny Address I
In addition to the covenants and agreements made in the Security Instmment, Borrower and Lender
further covenant and agree that Sections 6 and 8 of the Security Instrument are deleted and are replaced by
the following:
6. Occupancy. Borrower shall occupy, and shall only use, the Property as Borrower's second
home. Borrower shall keep the Property available for Borrower's exclusive use and enjoyment at
all times, and shall not subject the Property to any timesharing or other shared ownership
arrangement or to any rental pool or agreement that requires Borrower either to rent the Property
or give a management fimI or any other person any control over the occupancy or use of the
Property.
8. Borrower's Loan Application. Borrower shall be in default if, during ÙIe Loan application
process, Borrower or any persons or entities acting at the direction of Borrower or with
Borrower's knowledge or consent gave materially false, misleading, or inaccurate infonnation or
statements to Lender (or failed to provide Lender with material infonnation) in connection with
the Loan. Material representations include, but are not limited to, representations conceming
Borrower's occupancy of ÙIe Property as Borrower's second home.
MULTISTATE SECOND HOME RIDER-Single Family-FaDDle MarlFreddle Mac UNIFORM INSTRUMENT
Form 38!*0 I/Ol
ITEM T7099l1 (0011)
(Pagt! J of 2 pages)
GREATl.AND.
To Order ea.; HIOO-53G-9393 0 Fax; 616-791-1131
111111111111111111111111111111111111111111111111111111111111111111111111111
·0230141355717*
0922668
000453
BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in pages
1 and 2 of this Second ne Rider.
,
.
TIM CLINE
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
MULTISTATE SECOND HOME RIDER-Sin!!le Family-Fannie MaelFreddle Mac UNIFORM INSTRUMENT
Form 38!Þ0 1/01
ITEM T7099l2 (0011)
(Page 2 of 2 page")
GREA TLAND .
To Order eal: 1-IlOO-5311-93930 fax; 616-791-1131
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NOTE
September 15, 2006
[Dale]
ALPIpr,lE, Wyoming
[Cily]
423 PINE STREET
[Property Address]
ALPINE
[Cily]
WY
[Slale]
83128
[Zip Code]
1. BORROWER'S PROMISE TO PA Y
In return for a loan that I have received, I promise to pay U.S. $23.550.00
(this amoW1t will be called "principal"), plus imerest, 10 Ihe order of the Lender. The Lender is Taylor. Bean & Whitaker
Mortgage Corp.
I understand that the Lender may transfer this Nole. The Lender or anyone who lakes this NOle by transfer and who is entitled
to receive payments lmder this Note will be called the "Note Holder."
2. INTEREST
I will pay interest at a yearly rale of 9.8750%,
Interest will be charged on unpaid principal until the full amounl of principal has been paid.
3. PA YMENTS
I will pay principal and imeresl by making payments each month of U.S. $204.50
I will make my paymenls onlhe 1st day of each monlh beginning on November 01.2006
I will make these payments every monlh umil I have paid all of Ihe principal and inleresl and any other charges, described
below, thaI I may owe under this NOle. If, on October 01, 2036 , I slill owe amounls under this Note,
I will pay alllhose amounts, in full, onlhal dale.
I w,ill make my monlhly paymenls at Taylor. Bean & Whitaker Mortgage Corp., 1417 North Magnolia Ave,
Ocala, FL 34475
or al a differenl place if required by the Note Holder.
4. BORROWER 'S FAILURE TO PAY AS REQUIRED
(A) Late Charge for Overdue Payments
If the Note Holder has not received the full amount of any of my monthly payments by the end of 15
calendar days after the date it is due, I will pay a late charge to the Note Holder. The amount of the charge will be
5.0000% of my overdue payment, but not less than U.S. $5.00 and not more
than U.S. $10.23 . I will pay this late charge only once on any late payment.
(B) Notice From Note Holder
If I do nol pay the full amOlmt of each monthly paymenl on Ùme, the Note Holder may send me a written notice telling
me that if I do not pay the overdueanlounl by a certain dale I will be in default. That date must be at least 10 days after the
date on which the notice is mailed to me or, if it is not mailed, 10 days after the date 011 which it is delivered to me.
(C) Default
If I do not pay the overdue amount by the date stated in the notice described in (B) above, I will be in default. If I am in
default, the Note Holder may require me to pay inunedialely the full amount of principal which has not been paid and all the
interest that I owe on that amount.
Even if, at a time when I am in default, the NOle Holder does not require me to pay immediately in full as described
above, the Note Holder will still have the righllo do so if I am in default at a later time.
WYOMING SECOND MORTGAGE NOTE
ITEM T468911 (0107)
( Pug" J of 3 pug"s)
GREATlAND.
To Ord.rCaIi: 1-800-530-9393 0 Fax: 616-791-1131
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(D) Payment or Note Holder's Costs and Expenses
If the Note Holder has required me to pay immediately in full as described above, the Note Holder will have the right to
be paid back for all of its costs and expenses to the extent not prohibited by applicable law. Those expenses include, for
example, reasonable attorneys' fees, :
5. THIS NOTE SECURED BY A MORTGAGE
In addition to the protections given to the Note Holder under this Note, a Mortgage, dated September 15, 2006
, protects the Note Holder from possible losses which might result if! do not keep the
proJ1Úses which I make in this Note. That Mortgage describes how and under what conditions I may be required to make
immediate payment in full of all amounts that I owe under this Note.
6. BORROWER'S PAYMENTS BEFORE THEY ARE DUE
I have the right to make payments of principal at any time before they are due. A payment of principal only is known as
a "prepayment." When I make a prepayment, I will tell the Note Holder in a letter that I am doing so. A prepayment of all of
the unpaid principal is known as a "full prepayment." A prepayment of only part of the unpaid principal is known as a
"partial prepayment."
I may make a full prepayment or a partial prepayment without paying any penalty, The Note Holder will use all of my
prepayments to reduce the amount of principal that I owe under this Note, If I make a partial prepayment, there wíll be no
delays in the due dates or changes in the amounts of my monthly payments unless the Note Holder agrees in writing to those
delays or changes. I may make a full prepayment at any time. If I choose to make a partial prepayment, the Note Holder may
require me to make the prepayment on the same day that one of my monthly payments is due. The Note Holder may also
require that the amount of my partial prepayment be equal to the amOlmt of principal that would have been part of my next
one or more monthly payments.
7. BORROWER'S WAIVERS
I waive my rights to reqlùre the Note Holder to do certain things. Those things are: (A) to demand payment of amounts
due (known as "presentment"); (B) to give notice that amounts due have not been paid (known as "notice of dishonor");
(C) to obtain an official ce¡1ification of nonpayment (known as a "protest"). Anyone else who agrees to keep the promises
made in this Note, or who agrees to make payments to the Note Holder if I fail to keep my promises under this Note, or who
signs this Note to transfer it to someone else also waives these rights, These persons are known as "guarantors, sureties and
endorsers."
8. GIVING OF NOTICES
Any notice that must be given to me under this Note will be given by delivering it or by mailing it by certified mail
addressed to me at the Property Address above. A notice will be delivered or mailed to me at a different address if I give the
Note Holder a notice of my different address.
Any notice that must be given to the Note Holder under this Note will be given by mailing it by certified mail to the Note
Holder at the address stated in Section 3 above, A notice wíll be mailed to the Note Holder at a different address if I am given
a notice of that different address.
9. RESPONSmILITY OF PERSONS UNDER THIS NOTE
If more than one person signs this Note, each of us is fully and personaIly obligated to pay the full amount owed and to
keep all of the pronúses made in this Note. Any guarantor, surety, or endorser of this Note (as described in Section 7 above)
is also obligated to do these things. The Note Holder may enforce its rights under this Note against each of us individually or
against all of us together. This means that anyone of us may be required to pay all of the amounts owed under this Note. Any
person who takes over my rights or obligations under this Note wíll have all of my rights and must keep all of my pronúses
made in this Note. Any person who takes over the rights or obligations of a guarantor, surety, or endorser of this Note (as
described in Section 7 above) is also obligated to keep all of the promises made in this Note.
WYOMING SECOND MORTGAGE NOTE
ITEM T4689l2 (0107)
(Page 2 of 3¡>age"¡
GAEATLAND.
To Order Call: 101100-530-9393 0 fax; 616-791-1131
",
.0922668
000456
Borrower has executed and acknowledges receipt of pages I through 3 of this Note.
WI~NESS THE HAND S) AND SEAL(S) OF THE UNDERSIGNED.
~ (Seal)
TI1;1 CLlN -Borrower
..
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
[Sign Original Only]
WYOMING SECOND MORTGAGE NOTE
ITEM T468913 (0107)
(Pug.: 3 of 3 pug.:,,)
GREATl.AND.
To Order Call: 1-800-53(}'9393 0 Fax; 616-791-1131
"
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LEGAL DESCRIPTION
EXHIBIT 'A'
Order No: 6010615926
The East one-half of Lot 36 of Rees Subdivision, Lincoln County, Wyoming as
described on the official plat filed on September I, 1955 as instrument No. 215970 of the
records of the Lincoln County Clerk, being more particularly described as follows:
Beginning at the Southeast corner of Lot 36 and running thence in a northwesterly
direction, along the lot line, 132.94 feet to the platted line between Lots 36 and 37;
thence West 91.13 feet;
thence South 94 feet;
thence East 185.13 feet to the point of beginning.
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