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HomeMy WebLinkAbout925705 - - ---,,- RECEIVED 12/29/2006 at 12:44 PM RECEIVING # 925705 BOOK: 645 PAGE: 112 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER. WY ISpace Above This Line For Recording Datal DEFINITIONS MORTGAGE Words used in multiple sections of this document are defined below and other words are defined in Sections 3, II, 13, 18, 20 and 21. Certain rules regarding the usage of words used iuthis document are also provided iu Section 16. (A) "Security Instrument" means this document, which is dated .......".....,.,....., .1~: 1~:~QP,6.,..""..,...,.,...".., together with all Riders to Ihis document. (B) "Borrower" is ç,~~P. ~~.IÇ.~~9N ,a.n.~ P{Q~~. r: .E.~I,G~~Q~( ~.~~ß.~~Q ~,~p, Wlf.E. , . . . . . , . . . . . , , . , . , , . . . . . , . . . . . . . . . , . . . . . . , , . . . . . . . . . . . . . . , . . . .. . . .................................................................................................................................................... . Borrower is the mortgagor under this Security Instrument. (C) "Lender" is .~P,G~r.E.L.l.q ~JMr~~n .G~~P,IT. µNI,Q~( ,1,P9.\'v, ~.wY. ~P.,............,.......",..,......................,..,....,.....,.,...",..,.. . . , , . . , . . . , , . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . , . . . , . . . . , . . , . . . , , . . , . . . . . . . . . . , . . . . . . . . , , . . , . . , . . . , . . . . . . . . . . . . . . . . . . . . . , ,. . Lender is a .Gqrp'qr!l.t¡q~... .... .... ...... ..... .... .,... , , ... . ., ... . . ..., .. ..... , , , . . . . ..... , . .... .. ... . ....... . .. organized and existing under the laws of ~þ~.~W~. 9! !~~þ~....................,.,..,..,..........".,...,.,.....,.,..,. , Lender's address is .~Q,Q9X ~.1.~., rQG~!'~~~Q. !Q. ~.~~Q~....,...... ...... .. .., ...... , ... .. ..... ..... ... ...... .... , .........., ..... ........... '''' . Lender is the mortgagee under this Security Instrument. (D) "Note" means the promissory note signed by Borrower and dated .12·.1.5·2.Q06"........,.......,............,......,....". . The Note states that Borrower owes Leuder ~i9hty.!iy~,t.~q~~~Q~.t)1{~(I!y ,~f!I! !I!1.d, 97nP,Q........"..............."...........,..."..............". .......,...................................,..... Dollars (U ,So $ ß!i,97,1..Pl.......,.,..,...,..) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay tbe debt in full not later thall JÅ·~.1;~AZ6................,.,.........,....,... .................................................................................................................................................... . /t-' (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 latc charges LIue under tbe Note, and all sums due under this Security Instrument, plus interest. (G) "Ridel'sll means all Riders to this Security Inslrument that are executed by Borrower. The following Riders are to be executed by Borrower (check box as applicable]: o Adjustable Rate Rider 0 Condominium Rider o Balloon Rider 0 Planned Unit Development Rider o 1-4 Family' Rider 0 Biweekly Payment Rider (II) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances aDd administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (1) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges tbat arc imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (J) "Electronic Funds Transfel·II 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 all 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 tnlOsfers, (K) "Escrow Items" means those items that are described in Section 3. (L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance I?roceeds 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; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and70r condition of the Property. (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the reßularly scheduled amount due for (i) pnncipal aDd 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 U.S.C. §2601 et se4.) and its implementing regulation, Regulation X (24 C.r,R, Part 3500), as tbey might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in tbis Security Instrument, "RESPA" refers to all requirements and restrictions tbat 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. (P) "Successor in Interest of Borrowel·II means any party Ihat bas taken title to tbe Property, whetber or not that party bas assumed Borrower's obligations under the Note aDd/or this Security Instrument. o Second I-Iomt: Rider o Other(s) specify] ,.................'... it TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of tbe Loau, and all renewals, extensions and modifications of the Note; and (ii) the perfonnance of Borrower's covenanls and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale, the following described property located in Ihe ....,..........,.......,.............,...,.........,..,.............., of Type of Recording Jurisdiction) ........................................................................................... IName of Recording Jurisdiction) SEE ATTACHED SCHEDULE C, Form 3051 1/01 WYOMING· Single Family - fannie Mae/Freddie Mac UNIFORM INSTRUMENT Banker. Sy.tem.,lnc" 51, Cloud. MN Form MO~ '·WY B/21/2000 re" 1/2001 (pnlll' I of 7 pt1IleJ') ¿z- Cz it- I~I~II~~!~~WIII 09257v~ OOO~13 wbicb currently has the address of .~~~~. ~WY. ~~.1.... , , . ..... . .. "" .. , . . ........ . , ... ... . " , , . ,.., ... . , . , . , ., .. . ........ ... , ...... ... ... , " ,. . Stlest) .~fJ:QN..............................,........................,.,.., WYOlning .~~.1.1Q.....,......,..........,....,.,.. ("Property Address"): (Cityl IZip CodeJ TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or bereafter a part of the property, All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security InSlrulllent as the "Property," BORROWER COVENANTS that Borrower is lawfully seised of tbe estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumhered, except for encumbrances of record. Borrower warrants and will defenll generally the title to Ihe Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-unifonn covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering real property, UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escl'ow Items, Prepayment Chal'ges, and Late Charges. Borrower sball pay when due the principal of, and interest on, tbe debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under tbe Note and this Security Instrument shall be made in U.S, currency. However, if any check or otber instrument received by Lender as payment under tbe Note or this Security Instrument is returned to Lender unpaid, Lender may require tbat any or all subsequent payments due under tbe Note and this Security Instrument be made in one or more of tbe following fomls, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's cbeck 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. 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 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial 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 the 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 tbe outstanding principal balance under the Note immediately prior to foreclosure. No offsel or claim which Borrower might have noW or in tbe future against Lender shall relieve Borrower from making payments due under tbe Note and this Security Instrument or performing tbe covenants and agreements secured by this Security Instrumcul. 2. Application of Payments 01' Proceeds, Except as otherwise describcd iu this Section 2, all payments accepted and applied by Lender sball be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments sball be applied to eacb 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 under this Security Instrument, 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 amount to pay any late cbarge due, tbe payment may be applied to tbe delimjuent payment and the late charge, If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to tbe repayment of the Periodic Payments if, and to tbe extent that, each payment can be paid in full, To tbe extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such exccss may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, (lr Miscellaueous Procecds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds fOI' Escrow Items. Borrower shall pay to Lemler on tbe day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for paymcnt of amounts due for: (a) taxes and assessments and other items which can attain priority over tbis Security Instrument as a IÏt:n or encumbrance on the Property; (b) leasehold payments or ground rcnts on tbe Property, if any; (c) premiums for any and all insurance required by Lender undcr Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of Ibe payment of Mortgage Insurance premiums in accordance witb the provisions of Section to. These items are called "Escrow Items." At origination or at any time during the tenn of tbe Loan, Lender may require that Community Association Dues, Pees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item, Borrower shall promptly furnish to Lender all notices of amounls 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 Lcmler Punds for any or all Escrow Items at any time. Any such waiver may only be in writing, In tbe cvent of such waiver, Borrower shall pay directly, when and where payable, tbe amounts due for any Escrow Items for which payment of Punds has been waived by Lender and, if Lender requires. shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make sucb payments and to provide receipts sball for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the pllfase "covenant and agreement" is used in Section 9, If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails 10 pay the amount due for an Escrow Item, Lender may exercise its rights under Scction 9 and pay such amount and Borrower sball then be obligated under Section 9 to repay to Lender any sucb amount. Lcnder may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon sucb revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Punds 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 Punds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The punds sball be beld in an institution wbose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender sball apply tbe Punds to pay the Escrow Items no later than tbe time specified under RESP A. Lender shall not charge Borrower for bolding 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 makc such a charge, Unless an agreement is made in writing or Applicable Law requires interest to be paid on tbe Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender sball give to Borrower, without cbarge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for tbe excess funds in accordance with RESPA. If there is a shorlage of Funds beld in escrow, as defined under RESPA, Lender WYOMING· Single Family· Fannie Mae/FreddJe Mac UNIFORM INSTRUMENT Bank.,. 5Y.I.m..lnc,. 51. Cloud, MN Form MD·l·WY B/21/2000 (11(/11" 2 I!{ 71H/!!I!s) Form3051 1/01 C.&- & ¿?& ,iQ~? 09~5·.:'U;') shall notify B..)Cfower as required by RESPA, and Borrower shall pay to Lender tbe amount necessary to make up the shortage in accordance witb RESPA, but in no more than 12 monthly payments, If Ihere is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as re( uired by RESPA, and Borrower shall pay to Lemler tbe amount necessary to make up the deficiency in accordance with RESPA, but in no more tban 12 monthly payments. Upon payment in full of all sums secured by Ihis Securily Instrument, Lender sball promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower sball pay all taxes, ilssessments, cbarges, fines, and impositions attributable to tbe Property wbich can altain priority over tbis SecurÌly Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To Ihe extent that these items are Escrow Items, Borrower shal! pay them in the manner provided in Section 3. Borrower shall promptly discharge any licn which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured hy the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proccedings which in Lender's opinion operate to prevent the enforcement of the lien while tbose proceedings are pending, bnt 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 Security Instrument. If Lender detennines Ihat any part of the Property is subject to a licn which can attain priority over this Security Instrument. Lender may give Borrower a notice identifying the lien, Within 10 days of the date on which that notice is given, Borrower shall satisfy tbe lien or take one or more of tbe actions set fortb above in tbis Section 4, 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 tbis Loan, 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included witbin the tenn "extended covenlge," and any other bazards including, hut not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maiDlained in tbe amounts (including deductible levels) and for the periods that Lender requires, What Lender re( uires pursuant to the preceding sentences can cbange during tbe 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 wilh this Loan, either: (a) a one-time charge for nood zone detennination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subse( ucnt charges each time n:mappings or similar changes occur which reasonably migbt affect sucb determination or certification, Borrower sball also be responsiblt: for tbe payment of any fees imposed by the Federal Emergency Management Agency in connection with tbe review of any flood zone detennination 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 under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but migbt or migbt not protect Borrower, Borrower's equity in Ihe Propcrty, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was prcviously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed tbe 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 shall hear interest at the Note rate from the date of disbursement and sball be payable, witb such inlerest. upon notice from Lender 10 Borrower re( uesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies. shaH include a standard mortgage clause, and sball name Lender as mortgagee and/or as an additional loss payee. Lender shall have tbe rigbt to hold the policies and renewal certificates. If Lender requires. Borrower shall promptly give to Lender al! receipts of paid premiums and renewal nolices. If Borrower ohtains any fonn of insurance coverage. not otherwise required by Lender, for damage 10. or destruction of. the Property, such policy shal! include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. III the event of loss, Borrower shal! give prompt nolice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Burrower olherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was re( uired 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 righl to bold such insurance proceeds until Lender has had an opportunity to inspect sucb Property to ensure the work bas been completed to Lender's satisfaction. provided that such inspection sball he 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 10 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 Ihe insurance proceeds and sball be the sole obligation of Borrower. If till: restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, wbether or not then due, witb 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. negotiale and seule 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 seule a claim. then Lender may negotiate and seule the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not 10 exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rigbts (other than tbe right to any refund of unearned premiums paid by Borrower) under all insurance pol icies 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. Occupancy. Borrower shall occupy, establish. and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall cootinue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, uo1ess Lender otherwise agrees in writing, whicb cOllSent shall not be unreason¡¡bly withheld. or ulùess extenuating circumstances exist which are beyond Borrower's control. 7. Presel'Vation, Maintenance and Protection of the Pl'Opel'tYi Inspections. Borrower sball not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Wbether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detennined pursuant to Section 5 tbat repair or restoration is not economically feasible. Borrower shall promptly repair (he Property if damaged to avoid further deterioration or damage, If insurance or condemnation proceeds are paid in connection wilh damage to, or the taking of. the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender bas released proceeds for such purposes. Lender may disburse proceeds for tbe repairs and restoration in a single payment or in a series of progress payments as tbe work is completed. If the insurance or condemnation proceeds are lIot sufficiclII to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completioo of such repair ur restoration. v v v ....A. :-;&0 WYOMING - Single Family· Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Banko.. Sysloms. Inc.. 51, Cloud. MN Form MD 1 WY 8/21/2000 (I/('I!~.I o/7,H/!:",I) Form 3~Ä ~o 1 é¿·, . c£ ¡; ~ 09257C vV'v115 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 improvemenls on Ihe Property, Lender shall give Borrower notice at the lin1e of or prior to such an interior inspeclion specifying such reasonable cause, 8. Borrower's Loan Application. Borrower shall be in default if, during Ihe Loan application process, Borrower or any persons or entities acting at Ihe direction of Borrower or wilh Borrower's knowledge or consent gave materially false, misleading, or inaccurate infonnation or statements to Lendcr (or failcd to provide Lender with material infonnation) in connection with Ihe Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence, 9. Protection of Lender's Interest in the Property and Rights Undel' this Security Instrument. If (a) Borrower fails to perfonu the covenants and agreements conlained in Ihis Securily Instrumenl, (b) Ihere is a legal proceeding that might significantly affect Lender's interest in thc Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeitun:, for enforcement of a lien which may IIttain priority over this Security Inslrument or to enforce laws or regulations), or (c) Borrower hils abandoned the Property, Ihen Lender may do and pay for whatever is reasonable or appropriate 10 protect Lender's interest in the Property and rights under tbis Security Instrument, including protecting and/or assessing Ihe 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 priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable atlorneys' fees to protecl its inlerest in Ihe Property and/or rights under this Security Instrument, including its secured posilion in a bankruplcy proceeding. Securing the Property ineludes, but is not limiled 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 under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed tbat Lender incurs no liability for not laking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 sball become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from tbe dale of disbursemcnt and sball be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security InSlrument is on a leasehold, Borrower shall comply with all tbe provisions of tbe lease. If Borrower acquires t'r::e titlc to Ihe Property, the leasehold and tbe fee tillc shall not merge unless Lendcr agrees to the merger in writing. 10. Mol'tgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required 10 maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from Ihe mortgage insurer that previously provided such insurance and Borrower was required to make separately designated paymcnts IOward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage subslanlially equivalent to the Mortgage Insurance previously in effect, al a cost substantially equivalent to the cost to Borrower of Ihc Morlgage Insurance previously in effect, from an alteroate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated paymcnts that were due when Ihe insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that tbe Loan is ultin1ately paid in full, and Lendcr shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period tbat Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Morlgage Insurance. If Lender required Mortgage Insurancc as a condition of making the Loan and Borrower was required to makc separately designated payments toward tbe premiums for Mortgage Insurance, Borrower shall pay tbe premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any wriUen agreement between Borrower and Lender providing for such tennination or until Icrmination is required by Applicable Law. NOlhing in this Section IO affects Borrower's obligatiol1to pay inlerest at the ralc provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases Ihe Note) for certain losses it may incur if Borrower does not repay tbe Loan as agreed. Borrower is no! a party 10 the Mortgage Insurance, Mortgage insurers evaluatc their total risk on all such insurance in force from time to time, and may enter into agreements with otber parties that share or modify their risk, or reduce losses, These agreements are on tem1S and conditions that are satisfactory to Ihe mortgage insurer and tbe olher party (or parties) to Ihese agreemcnts. These agrecments may require tbe 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, anolher insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying tbe mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often tenned "captive reinsurance," Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay fo.· Mortgage Insurance, or any other terms of the Loan. Such agl'eements will not incl'ease the amount Borrower will owe for Mortgage Insurance, and they will not entitle Boa".·ower to any refund. (b) Any such agreements will not affect the rights BOI'I'ower has--if any--with I'espect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the MOI'tgage Insurance, to have the Mortgage Instll'ance terminated automatically, and/or to I'eceive a refund of any M0I1gage InsUl'ance premiums that Were unearned at the time of such cancellatIon or termination. U. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellancous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of Ihe Property, if the restoration or repair is economically feasible and Lender's security is Dol lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect sucb Property to ensure the work bas been completed 10 Lender's salisfaction, provided that 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 10 be paid on sucb Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, Ihe Miscellaneous Proceeds sball be applied to the sums secured by this Security Instrument, whether or not tben due, with the excess, if any, paid to Borrower. Such Miscellancous Proceeds shall be applicd in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds sball be applied to the sums secured by this Security Instrument, whetber or not then due, with the excess, if any, paid to Borrower. Tn the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, deslruction, or loss in value is equal to or greater than tbe amount of tbe sums secured by this SecurilY Instrument in1D1edialely before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by Ihis Security Instrument shall be reduced by the WYOMING· Single Family· Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3051 1/01 Bonkers Systoms.lnc" St, Cloud, MN Form MD-l-WY 8/21/2000 (flaJle 4 o/7I}( JI~S) c.¿:- (J~ t";. C~ ;!)~ ?r;r¡u::J UVU.o1L..J.O 09áñ\ðtfnt of tbc Miscellaneous Proceeds multiplied by the following fraction: (a) tbc total amount of the sums secured immediately before the partial taking, destruction, or loss ill value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value, Any balance ¡¡hall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in whicb the fair market value of the Property inm1t:diately before the partial taking, dc¡¡truction. or loss in value is I¡;:¡¡s than the amount of the sums secured immediately before the partial taking, destruction. or loss in value, unless Borrower and Lemler otherwise agree in writing, the Miscellaneous Procccds shall be applied to thc sums secured by this Security Instrument whether or not tbe sums are then due. If the Property is abandoncd by Borrower, or if, after notice by Lcnder to Borrower that tbe Opposing Party (as defined in the next sentence) offers to make an award to ¡¡cHic a claim for damagcs, Borrower fails to respond to Lender within 30 days after the date the notice is givcn, Lender is authorizcd to collect and apply thc Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due, "Opposing Party" means the third party that owes Borrowcr Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proct:eds. Borrower shall be in default if any action or proceeding, whetber civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of tbe Property or olher material impairment of Lender's interest in Ihe Property or rights under this Security Instrument. Borrower can cure such a default and, if accelcration has occurred, reinstate as provided in Section 19, by causing the action or proceediug to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of tbe Property or other material impainnent of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impainnent of Lender's interest in the Property are hereby assigned and shall be paid 10 Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in tbe order provided for in Section 2. 12. Borrowel' Not Released; Forbearance By Lender Not a Waivel·. Extension of tbe time for payment or modification of amortization of tbe 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 proceediugs against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizatiun of the sums secured by this Security Instrument 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, wilhout limitation, Lender's acceptance of payments from third persons, entities or Successors in (nterest of Borrower or ill amouUls 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 LiabiUty; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. I/owever, any Borrower who co-signs Ihis Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing Ihis Security Instrument only to mortgage, grant and convey Ihe co-signer's interest iu tbe Property under the terms of this Security Instrument; (b) is not personally obligated to pay tbe sums secured by this Security Instrument; and (c) agrees Ihal Lemler and any other Borrower can agree 10 extend, modify, forbear or make any acconuuodalions with regard 10 the tenus of this Securily Instrument or the Note without the co-signer's consent. Subject to tbe provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under tbis Security Instrument 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 tbis Security Instrumeut unless Lender agrees to such release in writing. The covenants and agreements of tbis Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection witb Borrower's default, for the purpose of protecling Lender's imerest in I1w Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, Ihe absence of express autbority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition 00 the charging of such fee. Lender may not charge fees thai are expressly prohibÌled by this Security Instrument or hy Applicable Law. If the Loan is subject to a law wbich 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 pennitted limits, then: (a) any such loan charge shall be reduced by tbe amount necessary to reduce the charge to the pennitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed uoder thc Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepaymcnt charge (whcther or not a prepayment charge is provided for under the NOle). Borrower's acceptance of any such refund made by direct payment (0 Borrower will constitute a waiver of any right of aClion Borrowt:r mighl have arising out of such overcharge, 15. Notices. All notices given hy Borrower or Lender in connection wilh Ibis Security Instrument must be in writing. Any notice to Borrower in connectioD wilh this Security Instrument shall be deemed to bave been given 10 Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by olher means. Notice to anyone Borrower shall conslilute nOlice to all Borrowers unless Applicable Law expressly requires otherwise, The notice address sball be tbe Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower sball promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's cbange of address, tben Borrower shall only report a change of address through tbat specified procedure. There may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender sball be given by delivering it or by mailing it by firM dass Illail to Lender's address stated herein unless Lender bas designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to bave been given to Lender until actually received by Lender. If any notice required by tbis Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Govel'ning Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and tbe law of the jurisdiction in wbicb tbe Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of tbis Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affecl uther provisions of Ihis Security Instrument or tbe Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of tbe masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) tbe word "may" gives sole discretion without any obligation to take any action. 17. BOl'l'ower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Tl'al1sfer of the Propel1y or a Beneficial Interest in Bon·ower. As used in this Section 18, "Interest in tbe Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interesls WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Blnke.. Systems, Inc.. St, Cloud, MN Form MD·' WY 8/21/2000 (J)( lI~ 5 0/7 1'lIlIr,-,) Form 305] 1/01 ~- v1\\'~: ' e¿ ~~ 09257( uv0117 transferred in a. bond for deed, contract for deed, installment sales co()tract or escrow agreement, the intent of which is tbe transfet of title by Borrower at a fUlure date to a purchaser. If all or any part of tbe Property or any Imerest 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 written consent, Lender may require immediate payment in full of all sums secured by tbis Security Instrument. However, tbis 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 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails LO pay Ihese sums prior to the expiration of this period, Lemler may invoke any remedies penllitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Rigbt to Reinstate After Accelel·ation. 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 tbe Property pursuant to any power of sale contained in tbis Security Instrument; (b) such other period as Applicable Law might specify for the teonination of Borrower's rigbt to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are Ihat Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and tbe Note as if no acceleralion had occurred; (b) cure!i any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing lhi!i Security Instrument, including, but nol limited to, reasonable attorneys' fees, property inspection and valuation fees, and olber fees incurred for tbe purpose of prolecting Lender's interesl in the Property and rights under this Security Inslrument; and (d) lakes such aClion as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, sball continue unchanged. Lender may require tbat Borrower pay such reinstatement sums and expenses in one or more of the following foons, as selected by Lender: (a) casb; (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, inslrumentality or entily; 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 acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with tbis Security Instrument) can be sold one or more limes without prior notice to Borrower. A sale might result in a change in tbe entity (known as the "Loan Servicer") that collects Periodic Payments due undcr tbe Note and this Security Instrument and perfoons 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 cbange of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address 10 which paymenls should be made and any other infonnation RESPA requires in connection with a notice of transfer of servicing, If the Notc is sold and thereafter tbe Loan is serviced by a Loan Servicer other than the purchaser of the Notc, the mortgage loan servicing obligations to Borrower will remain witb tbe Loan Servicer or be transferred to a successor Loan Servicer and are not as!iull1ed by tbe Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigaut or the member of a class) that arises from the other party'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 Instrument, unti! such Borrower or Lender has notified the other party (wilh such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the olber party hereto a reasonable period afLer the giving of sucb notice to take corrective action. If Applicable Law provides a time pcriod which must elapse before certain action can bc taken, that time period will be deemed to be reasonable for purposes of tbis paragraph. The nOlice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the nOlice of acceleration givcn to Borrower pursuant to Section 18 shall be deemed to satisfy lhe notice and opportunity to take corrective action provisions of this Section 20. . 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Subslances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmcntal Law and tbe following substances: gasoline, kerosene, other flanunable or toxic petroleum products, loxic pC!iticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materiats; (b) "Environmental Law· means federal laws and laws of the jurisdiction where the Property is located that relate In health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial aClion, or removal action, as defined in Envirownental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otberwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or tbreaten 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 vjn ¡¡tjon of any Environmental Law, (b) which creates an Environmenlal Condition, or (c) which, due to tbe presence, use, or rele~e of a Hazardous Substance, creates a condition that adversely affects the value of tbe Property. The preceding IWO senlences shall not apply 10 the presence, use, or storage on tbe Property of small quantities of Hazardous Subslances that are generally recognized to be appropriate to Donnal residenlial uses and to maintenance of the Property (including, bUl not limited to, hazardous substances in con!iumer products). Borrower sball promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any goverwnental 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 ConditioD. including but not limited to, any spilling, leaking, discharge, release or tineal 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 Environmental Law. Notbing berein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFGRM COVENANTS, Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not priOlo to acceleration under Section 18 unless Applicable Law provides otberwise). The notice shall specify: (a) tbe default; (b) the action l'equÎl'ed to cure tbe 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 failure to cm'e the default on 01' before the date specified in the notice may result in ~cceleration of tbe sums secured by this Secul'ity Instrument and sale of the Property. The notice shall fUl1hel' mform Borrower of tbe right to reinstate after acceleration and the l'ight to bl'ing 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 01' befol"e the dat.e speci~ed 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 powel' of sale and any other remed!es pe~itted by ~pplica~le Law: Len~er shall be e~ti~led to collect all expenses incurred in pursuing the remedies provided in this SectIOn 22, mcludmg, but not limited to, reasonable attomeys' 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 WYOMING· Single Family· Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Bank... SVI'.ml, Inc., St. Cloud, MN Form MD·I-WY H/2112000 (page 6 of 7fltll//!,r) I Form 3:;lJ ~01 L/ . '-. Cþ tAt ~ 'U---- UUUJ..1B 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. Lendel' 01' its designee may pm"chase the Property at any sale" The proceeds of the sale shall be applied in the following OJ"del'; (a) to all expenses of the sale, including, but not limited to, reasonable altomeys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the pel'son or persons legally entitled to it. 23. Release. Upon paymem of aU sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordatioo costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if tbe fee is paid to a third party for services rendered and thc charging of the fee is permitted under Applicable Law, 24. Waivel·s. Borrower rcleases and waives aU rights under and by virtue of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recordcd with it. ISpace Below This Line For Acknowledgmentl r~àhc> . STATE OF~, ..,. ,..."'..,..."..,,,..,., .... .........".....",.,..,......,.", County ss: ß,,¡ .)¡.JocA The foregoing instrument was acknowledged before me this .JZ·JÁ·t,QQ6..,...........,.........................,............., (date) by .Ç~AQ ,~~!Ç~~.Q~; p.~~~.~ P',,~~!Ç~~.Q~, ,~~~.~~NQ .~~p. W!~ç... ....... . , , , , " , , , , .., , . ... " , , , . , . '.. . , , , , , , , . , , ..... . . , . , , .. , , .. ,. ,. , . , , .. , .. ,. , , ,.. , (person acknowledging) My conunission expires: LJ/;'t¡./C)8 $L~~...............................................u......... I\c"$ rcØ k·l\ö Notary Public WYOMING - Single Family· Fllnnie MõI8/Freddie Mllc UNIFORM INSTRUMENT Bonk... Syst.ms, Inc,. St, C......d. MN Form MD· 1 WY 8/21/2000 Form 3051 1/01 (pogi! 7 of 7 flORi!,r) 0925705 000119 State of Wyoming ) )ss ) County of Lincoln 7\_1 The fore~oing instrument Mas acknowledged before me by Ch:J.d &-/cI(Sðv1 and IJeIltn p. 61~tSOY1 this'?'7 day of 7JlLtl11~ , 2006. Witness my hand and official seal. ~. ,-I. ----ß ~1C1. ,C'("~ Notary Public My Commission Expires: JILL H. LARSON· NOTARY PUBUC COUNTY OF UNCOLN SWE OF WYOMING MY COMMISSION EXPIRES JUNE 20 2JJCJl 000120 0925705 Exhibit A File 6010616394 Description The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is described as follows: Part of Section 12, Township 31 North, Range 119 West ofthe 6th P.M., Lincoln County, Wyoming, it being the intent to more correctly describe the land contained in Warranty Deed recorded August 24, 1983, in Book 204PR on page 475 and Quitclaim Deed recorded December 12, 1983, in Boo~ 208PR on page 424 of records of Lincoln County Clerk, more particularly described as foll9ws: I I Beginning at a point which is 100 feet South of the Northeast corner of the SE1I4 of said Section 12 and running thence South 284.40 feet (previous record 263 feet) to the Northeast corner of the land contaiOl.~d in Warranty Deed recorded July 5, 1972 in Book 100PR on page 280 of record ofLincol, County Clerk, said tract being 384.40 feet (previous record 22 rods) South of the Northeast corner ofthe SE1I4 of said Section 12; thence South 89~32'50" West, 1466.71 feet (previous record 88-8/9 rods), along the North boundary Ii* of the land recorded in Book 100PR on page 280; thence North 296.00 feet (previous record 263 feet); thence East 1466'.67 feet (previous record 88-8/9 rods) to the point of beginning. I LESS AND EXCEPT land contained in Quit Claim Deed recorded September 2, 2003 in Book I 533PR on page 3?7 of the records of the Lincoln County Clerk. 09Z5705 000121 I PAYMENT RIDER THIS PAYMENT RIDER is made this J.q!~............. day of .P.~ç~!')þ.~r/.?q9.~................ and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned ("the Borrower") to secure Borrower's Note to ... r.Q~~.U~.~9, ~I,~.~~.QT. .ç~.~~n.......... .VN!9,~,.l ,1.~P.W. HWY. ~Q,,~R .~RK ~1?,.r.Q~~,U,~~9/.1,Q. ,~~,~P,4"".,........."..."..,. ................................. ....................................................,..................................................... ("the Lender") of ~~~~~~WX .~;.1~lfJ~.~,~WŸ,~if.~}.1~~. ~.~~~~~.t.~. ~~~~~~~.~~. i.~. ~.~~. .~.~~.~~~~:. .I.~~.t.r.~~~.~~. ~.~~ .'.~~~~.~~ .~~: [Property Address] ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. PERIODIC PAYMENTS OF PRINCIPAL AND INTEREST The Note provides for periodic payments of principal and interest as follows: 3. PAYMENTS IA) Periodic Payments I will pay principal and interest by making periodic payments when scheduled: o I will make .......................... payments of $ ..,.........,........................................... each on the ............................................................................................................ of each ............................................................."...".............................................. ... . ... . ..................... .... ......... beginning on ...............,......,.,.".............,......,......,...., IX! I will make payments as follows: 240 monthly payments of $647.82 beginning 01·31·2007. o In addition to the payments described above, I will pay a "Balloon Payment" of $ ................................ on ..................,......,..,..,........................ . The Note Holder will deliver or mail to me notice prior to maturity that the Balloon Payment is due. This notice will state the Balloon Payment amount and the date that it is due. IBI Maturity Date and Place of Payments I will make these payments as scheduled until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. My periodic 'II b I' d· b f P·' I If 12 31·2026 payments WI e app Ie to Interest e ore nnclpa. , on ....:........................................., I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "Maturity Date." I will make my periodic payments at ..r.9.ß.9X.~.1.?r.~RÇM.~~~.q\.IP..~~.~9.4.............................. ·.·.,....................,......111.................................,......,...................1.................................. .................,............................,.......·····.·.··..............1...'.·.........1..........1.1.1"'.,1......".,.." .....................................................,.. or at a different place if required by the Note Holder. MULTIPURPOSE FIXED RATE PAYMENT RIDER IMULTISTATE) Bankers Systems, Inc., St. Cloud, MN Form MPFR-PR 6/15/2004 ref: MPFR-MN (page 1 of 2 pages) (~ C¿ ")(~ t/7 ~~ 000122 0925705 o B. FUNDS FOR TAXES AND INSURANCE Uniform Covenant 3 of the Security Instrument is waived by Lender. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Payment Rider. .. ./ ß ..~¿~~................... (Seal) G~ E.RI~~~:p ,,&?~.;,I,~::;I ~CKSON -Borrower Â\ _ þ~~. _ --:p~, . ~ ~~ Bankers Systems, Inc., St. Cloud, MN Form MPFR-PR 6/15/2004 (page 2 of 2 pages)