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l5¡JOICC Abov\: This LillI: fur Recl,relinG DOl''']
Sh\tc or Wyoming
MORTGAGE
RECE IVED
LINCOLN COUNTY CLERI<
o I JUL '0 f:¡f111: 0 8
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KÉMMERER, WYOMING.,..
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TIlIS MORTGAGE ("S!.:c\lrity Instrumcnt") is givcn on JULY 02, 2001
The Mortgagor is DARREN LARA AND KIMBERLIE J LhRA, HUSBAND AND WIFE
("Borrower"). This Seeurily Instrum~nt is given to WELLS FARGO HOME MORTGAGE, INC.
which is organizc.:d imd exbting under the laws of THE STATE OF CALIFORNIA , ~u1(1
wl10seaddrcssis P.O- BOX 5137, DES MOINES, IA 503065137
("Lender"). Borrower owes Lender the principal Sllll1 of
ONE HUNDRED EIGaTEEN 'THOUSAND SIX HUNDRED TWO AND 00/100
Dollars (V.S, $**............**118,602.00),
11\is debt, is evidenced by Borrower's note dated the sClm.: Ùiltl: as this Security Instrument ("Notc"), which
pr~'lViucs fur monthly paymems, with the full debt, ifnot paid earlier, due and payable on AUGUST 01, 2031
, TIlis Security Instrument secures Lo Lender: (a) the repayment of the debt cvidenced by the
Now. \yith imerest, and all renewals, exlI.'nsions and modifications of tbe Note; (b) the paym~nt of nil {Ither $UIIIS,
with interest, :uJvanccu unuèr paragraph 7 to protc!.:! the sccurity of this Security Instrument; and (c) the pcrform:mec
FHA W)' mill~ Morlg:lge . 4/%
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of BOHowcr's covcnams and agrcements unùer lhis Security InstrumcIH and the NIJlc, For this purpose, UOfl'OWl'r
docs hereby mortgagc, grant and convey to the L~l1cJtr with powl'r of sale, the following d~scrjbctl properly localc:d
in LINCOLN COUIlIY, Wyoming:
BEGINNING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER SOUTHEAST QUARTER OF~
SECTION 7, TOWNSHIP 34 NORTH, ~GE 118 WEST OF THE 6TH P. M., WYOMING, AND
RUNNING EAST 165 FEET; THENCE NORTH 5~8 FEET; THENCE WEST 165 FEETI THENCE SOUTH
528 FEET TO THE POINT OF BEGINNING
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THIS IS A PURCHASE MONEY SECURITY INSTRUMENT, TAX STATEMENTS SHOULD Bß SENT TO:
WELLS FARGO HOME MORTGAGE, INC" P,O, BOX 5137, DES MOINES, IA 503065137
which has the address of 777 LOST CREEK CTY RD 120, THAYNE ISlM'l, (,ilyl,
Wyoming 83127 ¡Zip C,",1.: ("Property Aùùn.:~s");
TOOETHER WITH all the improvemcnts now or her~aflcr erected 011 Thc properly. and all CaSl~J1K'nt5,
appurtenances amI tixlurl'S now or hereafter a ptlrt of the properly, All re-placements and éldditioll~ ~hall nlso be
covcrcd by this Security InstI1lmcnt, All of the foregoing is œfcrrr:d to in thìs Security Instrument aSlh!: "Pwperty,"
BORROWER COVCNANTS that Dorrowcr is lllwfully sdzcd of the estate hcrehy conveycù and has ¡hc right to
mortf,1\ge, ßl'ant ilml eonvey the Property and Ihm the ProPCrty is unencumbercd, except for cncumbròmecs of rec01'd,
Borrower warrants and wilJ defend gcn~rally Ihe titlc to the Property against a1\ claims and dc¡nands, subject tl.! any
encumbranccs of record,
THIS SECURiTY INSTRUMENT combines uniform covenants for natiunal use and non-uniform coveOíl1Jts
wilh limiteú variations by jurisdiction to constitutu a uniform security instrument covering real property.
Dorrowtr and L~mlcr COvenant and a~ree as follows:
UNI¡';ORM COVENANTS,
1, Puymcnt of Principal, (ntcrest and Latc Charge, aorrO\\ler shall pay whl'n due the principal of, él11d
inlctcst on, the debt evidenc!:cJ by the Note and late charges duc under the Note,
2, M()nlhl)' Payment of Taxœ, Jn~urance and Other Chnr~c.lj. Borrower shall include in caeh monthly
payment, togcLh\.'J' with the principal and inlerest :I~ set forth in the Note and any laLc charges, a sum for (a) taxes amI
special assessmunts levied or to be Icvied ag<1in.st the ProI)Cr(y, (b) leasehold p4lymL.'tJ1S or ground rents 011 the
Propen)', aud (c) pl'\!miums for insurance required under paragraph 4, In any year in which thc Lender must pay a
mortgage insurance premium to the Secrclary of Housin¡; autl Urban Development ("Secretary"), or in any YC:lr in
whieh .such premium would h~we been required it' Lender still held the Security Iustrument, each monthly paywl'J\t
shall nlso include eilher: (i) a sum for the annual mortgagc insurance premium to bo paid by Lender to the Scm:t:Jry.
or (ii) a mouthly charge instei\d of a mortgage insurance premium if this Security InsuumL.'1Jt is beltl by lhe Secretary,
in a rCilson:lblc amount to be detem1Íned by thc Secrctary. Except for tbo monthly charge by the SCl.:rctary. these
items arc called "Escrow Hems': anç1the sums paid to Lc:nder arc catled "Bscrow Funds,"
1.enùl.'r may, at any time, collcctanù hold amounts for Escrow JtL:m~ in an aggregate ronount not 10 exceed tbe
maximúm i¡mounL lhat may be required for Borrower's escrow account \JndL.'J' the Real Estatc Seltlemel'lt Procedures
Act of 1974, 12 U,S,C. Sl:ction 2601 Cl stq. and implcmenting regulations, 24 CPR Part 3500, as Ihey mny bu
illTIenùcd from lime to time ("RESPA"), except that the ctlshiQ;Q or rC!;l'rVC permitted by RESPA for unanticipatcd
disbursemcnts or disbur¡;crncnts before the Borrowcr'$ payments are available in thc acco\lnt may not be bòl:'ìc\1 un
amo\lnts due for the 1l10rtgélgC insurancc premium.
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Jf the ¡m1l)unts held by I.coder for F,!ìero\V Hems exceeù the amounts pcrmiucù to bc held by RESPA, Lender
shall account to Dorrow~r ti.1r the excess funds as requjr~cJ by RESPA. If the amounts of flWds held hy Lcnder [¡( ElIIY
tim~ arc not suflïci~lIt to pay the Escrow Items when due, Lender may lJo¡ify the 'Borrower and fl'quire Borrower to
make up thc shurtagu WI pcrmillcd by RESPA, ...
1l,e Escrow Funds an: pleùged &IS additional security for all sums secured by thi$ S(:curÌly Il\strumcnt, If
B011"owcl" lenders to Lender the full payment of ¡Ill sllch sums, Borrower's "aceoullt shaH be credited with the balance
remaining for all installment items (a), (b), and (c) and any mortg¡¡ge insumllcu pn:mium in!;tallml'111 that Lcnder 11&15
1\Ot become obligatl'd to pay to the Secretary, and Lender shall promptly refund ¡my e1\ce:;lS funds to Rormwer.
Immeùi¡lldy prior to a (orl'Closurc sale of the Propc1'ty or its acquisition by I..cudcr, BOl"wwcr's necount 6haU be
crcùitell with ¡my bul:mec n:l1l:lining for all inslallments for itcms (a), (b), find (c),
3, Application of Pnymcl1ts, All paymcnts unùcr pnragr:lph$ I anù 2 ~hall be £ll'p1icú by Lcnder (\s follows:
firM, ll> thc morlgage insul';,ncc pr(:millm to be paid by Lender to th¡;, Secrctary or 10 the ll10nlhly I.:h¡¡rge by thl,;
Sccrclar}' inslead of the monthly m~rtgùgc insunlllcc premium;
Second, to any taxes, special ílssc~smen~, Icasd10ld p;¡yrnl'l1lS or ground rcllts, and fire', Hood .md other h.azard
ills\lrance premiums, as rcquired;
l1ÚQ!, to interest due unckr tl1C Notc;
Fourlh. tl> ~lIll0rliì:l\liol1 of the principal of thc Notc; and
Pjrth, 10 Jate chal'ßl:s due unùcr [he Note,
4, Fin, l-lood and Other H 111"ord Insuré1l1cc. Borrower ~hall insure all illlprovemclUs on the PI"OP'~lty, whclJH~r
now in existcnee or subscqucmly erected. asainsl My hazards, casu¡¡ltics, anù eonlingL'1u::ies, includillg fire, for whkh
Lt:mlcr requires insurance, l11is illsurance shall be maimained in the amounts and for the pcriuùs that lXl'Illcr
r~qllircs. I3orrowcr shall also insure ¡¡JI improvements on the ProperlY, whcther now in existcnce or subscc lIclII.ly
el'ccted, against loss by t100ds to the cxtent required by thc Sccrl'lary, Allinsurancc shall be carrl('1.I with companies
approved by Lender, The insurance policies and any renewals shall be held by Lender a.nd shall include loss paynblc
clauses in f:¡vor or, antI in a form acceptable to, Lender,
In the event of loss. Borrower shall give Lender irruncdiate nQtice by mail. Lender may millœ proof of luss if not
made promptly by Borrower, Each insurance company l"Oncerned is hereby authorized and directed to make p¡¡yrnc.'11t
for such Joss directly to Lel1der, in.stcad of to 80rrowl'T and to Lender joimly, All or a.ny pan of the insurance
proceeds may be applied by Lender, at its option. either (a) to the reùuetion of thc indebtedness under the Note and
this Security Instrument. tirst 10 any delinquent amounts applied in the order in paragraph 3. and then to prepayment
of principal, or (b) to the restoration or repair or the damaged Propel1Y. Any application of the pwtccùs to the
principal shall not extend or postpone th~ due dale of the monthly paymc..'uts which are referred to in pilrílgraph 2, or
change thc amount of such payments, Any excess insurance proceeds over all amount rcquired to pay all outstanding
indebtcdne$S under the NOlc and this Security Instrument shall be paid to the entity legally l'TItitleù thereto.
In the event of foreclosure of this Security Instrument or other trëu1Sfer of title to the Property that cxtillguis)¡l's
the indebtcdness, all right, title and interest of Borrowl'f in and to insurance policies in force shall pass to lhe
purchaser.
5, Occupancy, Pre-servation, Maintenance and Protection of the PI'l>perty; Borrower's Loan ApplictllÌon¡
I,cßscholdli, Borrower shilll 6ccuPY, c~Làblish. anù use the Propeny as Borrower's principal resiùence within sixty
days after lhc execution of this Security Instrumont (or within sixty days of a later sale or lrunsfcr 01' the Property)
and ¡¡hall continue to occupy the Propeny as Dorrower's principal rcsidence for at least one year after the d:tlc of
occupan,-)', unless Lender dclCnnines thal requirement will cause undue hardship for Horfower, or unless cxtenualing
circumslances exist which are beyond Borrower's control. Borrower shall notify Lender of any cxtcnunLing
cireum!ìtancc:î. Borrower shall nOl commit waste or destroy, damage or substantially change tbe Property or allow the:
Propený to dcteriorate. reasonable wear and lear èxccpled. Lender may illspect the Proptrty jf!.he Properly is val.:ant
or abandonctl or the loan is in default. Lender may take reasonable action to protcct and preserve such v.leant or
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0874441 248
abamh)tlcù Propcrty, Borrower shall also be in dd"ault if Borrower, cluring Ihe IQém óJpplìcation proccss, s"ve
JnaICric1lJy raIse or inaeeur(\[c information or st.atemcnt~ to Ll'lldl'I' (or failed 10 provide Lender wiLh :my material
inronn;¡tioll) in connection will1 Ihe 10all eviðenr.:cÒ by the NOlC, including, but nOI limilCd 10, rcprc:¡cnlaliolls
conccrnins Borrower's OCcupancy of the Property as a principa\ n:sidL.'I1cc, If this Sc<;urÍ\y Instrument is on :í
1casC:holu, Borrower 511(\11 comply with lhc provisions of the le(\se, If BOrrOWI.T acquires fè~ thle to the ProperlY, Ihe
lc¡¡sl:holù émd fee title shall not be merged un)c~5 I.erldcr agrces to the merger in writing,
C;, Condcmnation, Thc proceeds of any award or claim for damages, dircct or conseqm:tltj;¡\, in conneelion wilh
any condt~mnalion or otber télking 01' any part of the Property, or for conveyallce in place of com!c.11111í1tion, an:
hl·f\.·by assigned and shall be pí\id to under to Ihc extcnt of the fun é'lmount of thl.: indebledncss that fI.'mains unp:\id
under thc NOle :md this Security Instl1JJ1lel1l, Lenùer shall apply s\l<;h pl"Oecl.:d:; to thc redl1l:lion of Ihe il1Ch:btcdnc~5
uOller Ihl.: NOll.: ¡\lid lhis SC("lll'Ìly Inmumcnt, lirst to allY delinqucm amounts applkd in Ihe on1cr provided in
>araglí\ph 3, imtl thcn 1\) pr~'paYlllcm of principal. Any ilPpliciltion or Ihc procœds to Il1e prineip¡¡ ~hall not cl\ll'ud or
postponc Ihe llue date or the monthly paylllents, which arc referred to in paragrnph 2, or dHm~c Ihc amI/un I (¡ ' such
paymcnts, Any ex¡;ess pro¡;CCÒ~ over an amount required to pay all outstanding inlh:bl(;dness under Ihe Notc Hmllhis
SecuriLy In!ilfllment shall be paiu to the elllity legally entilled thcorc(o,
7, Chot'~c.s to Uorr(nvcr anù Protection of J.,cndcl"s Rights in the Prolwrty, BomMcr shnll pay all
govemJnelHal 01' ml1l1icipí\1 c.:hilrgcs, lines and impositions that are not indudcù in paragraph 2. Dorrowl.:r ~hilll poy
Ih~se ob1ig:Jlions 011 time directly to (be emity which is owed the paynwnt. If failure 10 pay would ¡¡c!vcrscly ,11"feel
Lene/er's interest ill ¡he PropcrlY. upon Lender's n.:qucsL Borrower shall promplly rurni!ih 10 L('1\ckr fl'(:dpls
I.:vidcncillg these payments.
If ßorrower (ails to make Ihesc paymc:nls or the payments rccJuircd by paragraph 2, or fails 10 pl.:cform any oll,,;r
eovcn;IOIS amI agrcem~'nls comaincd in this SecuriLY InsLrument, or there h i\ h:gal proceeding that may signi killlLly
atTect Lemler's rights in the Prop~rty (such as a proceeding in bankruptcy. for con<lenu1ation or to cnforce laws ur
n:sulations), then Lender may do and pay whatever is necessary to protect Iht: value of Lhe Propeny and Louder's
I'i¡;hts in the Propl::cty, including payment of laxes, hazard insurance and other Items mcntionl'Ù in paragraph 2,
Any amOl1nts disbursed by Lender under this paragraph shall bccome an additional debt ot' Borrower anI.! be
secured by this Security Instruml.'Dt. These amoums shall bear interest from the date of disbursement, at Ibe Note ralC,
and at the opLion of Lender, shall be immedi¡¡tc1y due and payable,
Borrower sh(\l\ promplly discharge any lien which has priority over this Security Instrument unless Dorrowcr:
(:I) agr¡;cs in writing to the paymCnt of the obligation secured by Lhe lien in a manner ¡¡CCL'pl:J.blc LO Lcnder: (b)
conte~ls in good faith the lien by, or dcftmds against enforcement of the lien in, legal proceedings which in Ihe
Lendcr's opinion operate to prevent the enforcement or Ihe lien; or (c) secures from the holder of Ihe Hen nn
asœement satisfactory to Lender subordinating the lien to lhis Security Instrument. If Lender determines that ílny parl
of the Prope11y is subject LO a lien which may ,main priority over this Security ,Instrumt;nt, Lender may give Borrowl.'f
a nOlice identifying the lien. Borrower shall satisfy the lien or lake one or more of the actions set forth above wilhin
10 days of the giving of notice,
8, Fl'CS, Lcmler may collect fees and charges aulhorizcd by the Secreté'lC)',
9, Grounds for Accel(!ratlon of Debt.
(11) Ocfault, Lender may, except as limited by regulations i5sucd by the Secretary, in the case of paymcnt
defaults, require immediate payment in full of all sums secured by this SecuriLY Inslrument if:
(i) Dorrowcr d<:fi1uILS by failing to pay in full any mOtllhly payment requin:t.I by this Security Instrul11lont
prior to or on the due date of the nCx.t momhly payment, or
(ii) Borrower defaults by failing, for a period of thiny days, to perform any oth~~r oblig:JIlons conwincd
in this Security Instrument.
(b) Sale Without Credil Approval, Lender shall. if permitted by applicablt: law (including Section 341 (tJ)
of Lhe Garn-St, Germain Dl:po~ilory In~titutions Act of 1982. 12 U ,S,C. 1701j·3(d» anù with Ihe prior
approval of th~ SC''fetary. require inunediate paymenL in full of all sums st:curct! hy this Security InstrullIcnt
if:
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(i) All or part of the Property, or a bendlcial intl'n:st in a lrust owning !Ill Or pan of tbe Propcny, is sold
or ()ll¡('IWisc transferred (other than by devise or dCSCc..11l), and
(ii) The PropCrty is not occlIpicxl by the pun:hascr or gn1ntct: as his or Iwr prjncipal 'cshkncc, 01' IIIC
pun:ha~er or granlec docs so occupy thc Propcrty bm his or hcr credit h;¡$ not been :lpprCIvcd ¡Ii""
accordílJ1co with the rcquiremC'IlIS of the Secrctary,
(c) No Waiver. If clrC11lUslances occur that would permit l.ender to rc..'qllin: il11rm:cliat~ paymCnt ill full, but
Lender dc)cs not require such paymems, Lender does not waive its rights wilh re~pectt( ~uh!iCIIUCrll CVCIIIS.
(d) Rl'g\llutions (If J-WD Scerct¡¡ry, In many circumstances re-gulations issllcd by the Sc:ereliJry will limil
Lender's rights, in the caNC of payment dd"aults. lo rcquirc immedintepayment in full é\nò fOI'c..'c!(1,SO if not
paid. This Sc<:ul'ily JnslnllnC:l1t do(.'s not :\ulhnri/.C aecc;\cration or ròn:closure if not p~~I'I11itlcd by regulalillll:;
of Ihe: Se:c¡,cl¡,\ry.
(c) Murlg"s<: Not tustln'd, 1J0rrQwI.'r í\grecs Ibar if this Sccurily Jn~lnllm:nl élnù lhc N\)le :II'\: nOl dl'I~'lmin¡,;d
lo be eligible for insLlri\lIce under the National Housing Ac.:r wilhil1 60 lIaY$ ("rolll lhe.: ùnlc 11\:1'~'of, LC'nLlt,1'
may, at its option, n:quin: irnmc..'diate paymcnt in full of all stuns secured by this Security In~r 'uI1\CIlt. A
wrilll'l1 statement of any authorized "cent of the Secn:L4Iry d~lteù suh~cqLlI:ntlo 60 days from the dale 111..'1'<:0£.
de:c!inÎng to illl)urc this Security Instrumrm and thc Nore, sh¡11l be dccmc:¡1 c:ondLlsivc pmof of Su('h
im:1igil>ility, NOlwilh:¡tal1ùillg lhc furegoing, lhis option may not bc exercised by l.emkr \\Ih\:1I lhc
unavailabilily of insurance is solely due to tender's failure lu r(.'mit a mortgage insllfCIncc pn.:miuI11 to tho
Sl'CI'Clélry,
10, Reinstatement, Rorrl)wer has a righl lO be rcinsulled if Lender hi\5 rcquired imTl1cùÎL\te paYll1l..' [ in full
becausc of norrower's f¡¡ilurL! to pay an &lfTlourll due unlkr the Note or this Sceurily InSlrumc..'1I1. l1IÏs right applks
cVc..'n ancr forcclosurc proceedings i\ru inslilutcù, To reinslale thc Security Instl"lm1l'11r, ßormwcr ~hall tcnc..h:r in [t
lump stun all amounts 1't:ql1ired to bring Borrower's ¡¡CCOUlIl currcnt includil1~ to the extent they an: I)vlig.ltiorls or
Borrower unõer Ihis Security Instrumcnt, foreclosure costs élnd rc¡¡s()naÞlc and cuswmary anol'11eys' fees ¡md cxpcl1ses
properly associated with the foreclosure proceeding. Upon reinstatcment by Borrower, this Security Instrumcnt and
the obligations that it s~eun:s shall remain in effect as if Lender had not l"C'quircd immcùialc payment in full.
However, Lender is not required 10 permit reinstatement if: (i) Lender has accepted reinstatement ¡¡flcr the
commcncement (1[' foreclosure proceedings wÌlhin two years immedialely preceding the conunencement of a currenl
foreclosure proceedinG, (ii) rdnstalcment will preclude foreclosure on diffcrent grounds in thc futllrc, or (iii)
reinstatcment wiU adversely ¡¡ffeet the priority of Ihe lien created by this Security Instrumc.:nt.
II. Uorrowcr Not ReleQsed; Forbearance By Lender Not a Waiver, Extension of Ibc limc of payment or
m\)(Jil¡cation or amortizalÌon of the sums secured by thi~ Sc:curily lnslrumcnt granted by Lender to any ~ucccssor in
inlcn:sl of Borrower shall110t operme to rele¡¡se the liability of the original Borrower or Borrower's suecc.:ssor ilt
inlerest, tender shall not be requircd to commence proceedings again5t any sucecssor in imerest or refuse to extend
time for payment or otherwise modify amorlization of the sums secured by this Securily Jl\strumem by rcasol1l\f élny
demand made by the original Borrower or BOrrOWI.T's successors in interest. Any forbearance by L.cndcr in cxerd!iing
any ris,ht or rcmccly shan not b~ a waiver of or preclude the exercise of any right or remedy,
12, Successors ßnd .4.sliignli ßoundj ,Joint and Sevcral Liability; Co-Sign~rs. The covenants and agreemenls
of this Securily Instrument shall bind and benetit thl,) successors and assigns of Lender and Borrower, subject to the
provisions of parilgraph 9(b), Borrower's covel1ams and ¡¡Sl"Cl:menls ~hall be joint and sCVl:ral. Any B()rrower who
co-signs this Security Instrumcnt but ¡Joes not execute lhe Note: (<I) is co-signing this Security Instrumcnt only to
morLgage, grant and convey that Borrower's inlerc~t in Ihc Property under the Tl.mns or lhis Security In~trumcnt; (b)
is nc)t p\.'r:;on¡¡lIy obligatcd to pay the sums secured by this SccurÌly Instrument; and (e) agrees thaI Lender and ¡my
other ÐQHOWCf may agr\.'è lo t'xtcud, modify, forbear or make any uc:commodatioßs wiLh regard to the Icrm~ of lhis
Security Inslfillnent Of Ihe Nole withour lhat Borrower's Consent,
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13. NOtiCt~5, Any nolÏèe to 1.!ol'L'Ower provided for in this Security 1I1stl\llllcnt shall bl? giwn by ddivcring it or
by mailing it by first cJ"ss mail unless applicable law r~quires u~e of uno the l' mcthod. The nolicc shaH b~ dircctl'c! (0
thc Pruperty Address or any other õldùre~s Borrower designmes by notice to L!:m1l:r, Any notice to Lender .shélll be
given by tirst class mail t(, Lenúer's address swtcd herein or any address Lender designa¡cs by notice to Borl'oWCI', '"
Any notice provided for in this Sl'CUrity Inst1'\lmem shall be dCl.:m~d to have bctf\ giVt:ll to Borrower or Lender Wlll'll
givl:n ¡¡s provided in this paragraph,
14, Governing Law; Severability, Thi5 Sl:curiLy InSLtUmem shall be govemed hy Pcdcrallaw Md thc Jaw of
the jurisdiction in which lhe Property is loc4Itcd, In the event that any provision or clause of this Security Instrumcnt
or [hc Nolc contlie!:> with npplicaole law. such contliel sh,\ll not affect other provi:;ions of this Security 1l\stnll11c;:nt or
the Nolc whh:h ean be giVl'1I drcc! without the conl1icting provision, To this t'n!! thc pro\'i~ions of lhis Sl'cllrily
IlIstl'1.lmo:m \lnd ¡he Note an: dcchwe<lto be sevN¡¡ble,
J5. Burrower's Cop)'. Dorrowef :)111\11 be given onc conformed copy of the Note ¡¡ml of lhi.~ SecllrilY
In~lrUmcnl.
16, Hazardo\ls Sub.stanco{.;, Borrower shall not cause (If permÍllhe presence, use, ùi$pl1sal, ¡¡toragc, or rcki\.Se
l1f ¡my H¡¡/,n!'l!ous Substances on or in the ProperlY, Dorrower shall not do. nor allow anyone else to dt), ill1ylhing
affecting the Propcrty lhat is ill violmion of noy F.nvir~1fIII1elltal Law, The prc¡;edil1S tWI) 5l11lCI\CeS sl1:1l1 noL apply tl)
the prcsence, use, or storage on the ProperlY of ~mall quantitks of Ha;.:ardous Sub~lallee5 that arc generally
n.'('o~nizt'd (0 be approprinl~ to nOfmal residential uses and Lo mainll'nllnce of the PIOPt'I'IY.
Borrower shall promplly give '-<:nder wrÌl(l'n notice of any inve:Sligali()n, tlaim, demand, lawsuit or lither (lctioll
by ¡my govcrnmemûl or regulatory ag-L"ey or privatc party involving lhe Property anI.! any llil7.imloU5 Sub:jlancl' or
Enviwnll1l'TIl:11 Law of which ÐOlrower has actu¡d knowledgc, If DOrl'owcr karns. or is notified by ilUY governmcntal
or regulatory authorilY. lhtH any removal or other rl:mcuiatiOI1 of any l!azardou5 Sub~tanccs affecling lhe Prl>pcrty ili
nec.cssa¡y. Borrower shëlll promplly take nllllccessary n:mcuial actions in accordance with F.nvirnnmclIlal Law,
As used in this paragraph 16. "Ha:t.arùous Substances" an; those sùbstances defined as toxic or h:v.arùous·
substances by Environmental Law é\!1d the following subst.'\I1ces: gasoline, k(,,'ro~ene. other f1ammabJt: or t\,nic
petroleum products, tOll.ic pesticides and herbicides. volatile solvents. ma£crials containing a:;bc~tOs or formaldchydL',
anù r:lllioaeLive materials, As USl'(,\ in this paragraph 16, "Environmental Law" means f~dcrallaws anù laws of (he
jurisdiction where the prop~nY is locatl::'elthal rdate (0 health. safety or environmental protection,
NON-UNIFORM COVEN NTS, Borrower anel Lender further covenant élnel agree as follows:
17, Assi¡;nment of' R nts, Borrower um:onditionally assigns and trilßskrs to Lender allll1e rems ¡md revenucs
of thc Property, Borrowl7 uthorizcs Lender or (..endcr's agents to collect the rents ëmd rcvl:nucs and hcreby dircct3
each lenalll of lhe ProperLy to pay lhe rems 10 Lender or Lcnder's agents, However. prior 10 Lendcr's notice 10
Borrower of Burrower's breach of any CQYf$lnt or agreement in the Sc(:urity Instrument, Dorrower shall collect and
receIve all rents alld rI;JVL'11UCS of the Property as truslee lor the benefit of Lemler anù Borrower, This assignment 01'
rents constitutes an absolute assignml;:nt and not an assignment for additional security only,
If Lender gives nOlice of breach 10 Borrower: (a) all rents received by Borrowc:r shall be held by Borrower as
u'UStee for benefit of Lender only, to be applied to the sums secured by the Sc¡;urity Instrument; (b) l.cnÙl'1' shaH be
cntith..d to collect and receive all of the I'euts of the Propl-'TlYi and (e) eaeh tenant of the Propcrty shall P:I)' élH rents
duc amI unpaid to Lender or Lender's agent on Lender's written demand to the tenant.
BOrrOWl'T has not executed any prior a$signmcnt of the rents and has not and will nol pcrfoml any act tll<lt would
prevent Lender from I:~ercising its rights under this paragraph 17,
Lender shall 110t be required to enter upon, take conlrol of or maimain the Properly before or aftl:r giving n\JtÎCc
of brcad¡ to Borrower, However, LendL7 or a judicially appointed receiver may do so ëIt any time there is a breach.
Any application of rents shall nOt eure or waive ¡my ddault or invalidate any Olher right or rcmedy of Lenùcr, This
assignment of rcn~ or the Property sh.'Ù1 términate when the debt secured hy the Security Instrument is paid in full,
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18. foreclosure Procedure, If LCIl!:It!f relluires ilOmcdiatepaymcnt in full undcr paragraph 9, I.cndm' mny
invoke tbe: power of Side and clny other Ten1edic:; pennillcÒ by applicable law, Lender shall be enlitkd 10 "olleet
all e)(pensc~ incurred in pursuing tlte remedies providëd in this paragraph 18, iucludi1% hut nut limiteel to,
reasollahlt: attorneys' fees and co.sts of title evidcnce, '" ~:;
If 1.ender invokes the power of sale, Lender shall ~ive notice of inlcnt to foreclose to norrowcr und to Ihe
person ill pOSSl'1;:;jOI1 ot' tbe Property, if different, in accordance wilh Ilpplicable law, Lcnder shall give nutice "e
the sale to Borrower in the nlanner provided in paragraph 13, Lender shall (Jublish the nOlicc or sale, ancl the
Properly sh¡11I be sold in the manner prescribed by applicahle hnv, Lender or its designee may purchase the
Properly nt any sale, The proceeds Qf the 5"le shall be applied in the fòllowing order: (3) to 4\\1 cX Jens'~') (If the
sale, including, bul IIOt limited to, re:lsonab1c raltorncys' ('.esj (1)) to nil sunlS !icc\I1'eü by lhis Securily
ImlrUIllCnl¡ .1lld (c) l1uy eX"l'SS to the pcr!iOll or per~oJ\s kgL\lIy cnlilled 10 it, .
JI' Ibe U:nd,'r's interest in Ihis S\:'c\lrily Inslrument is held II)' the Sccrelllry .\lId 1he Secrelary rC( l.Ii!"l·s
il11l1\ediôllc p¡lymcnt in full under Paro1gr:lph 9, the Secretary may invol,c Ihe nonjll<1icia\ pllwcr c¡f sale
provided in lhe Single }<'ami1x Mortgage I'orcdos\I1'e Act of 1994 (IIAdll) (12 U,S,C, 37St r!l S(!q.) \»)' rcllllc:¡lillJ::
.\ foreclosure COlllmissioner designated under the Ad lo commcnce i'orcclo:;urc uI1l1 to sell the l·roIH:rly .\S
IJl'ovidcll In the Act, Nothing in lhe pn'c\~dinc sentence shall dcprive the Sl~cr(:tary of ¡lilY rÎ .thls Olhcnvi¡.¡o
aV¡liI.\hle tn a Lendcr under Ihis Pun\graph 18 or Ðpplica\)lc law,
19, Rl'lease, Upon payml:nl of all sums secured by Ihis Sc('urÌly In.slrul11cnl, Lcnucr shall rdcas~ Ihis SecuriLy
In~lrumclII wilhom charge 10 Dorrower. Borrow(.'r shall pay any r('conlatlon com.
20, Waivers, DOl'rUWl'r waives all rights or homcstcad cxcn'plioll in the Prop~~rly and rdincluisb¡:~ all rights of
curlt~sy and dl)wer in lhe Property,
2 J, Riders tQ Ihis Security Instrument. If one or more riders are I!~ecutcù by Borrowcr and recorded togelher
wilh this Security Instrument, the covenanls of each such rÎùec shall be incorporatcd inlo and shall amend <lUtI
supplement the I:ovenants and agreemeUls of this Security Instrument as if the rider(s) were a part of this Security
11ltJrument. (Cht:Ck applicable box(cs)],
O IJfI Olh"r l,sp..c·lfy] HICR COST SET
Condominium Rider Growing Equity Rider ~"..
o Planned Unit Devc1opl1ll:nt Rider l..J Graduated Payment Rider ~ RIDER
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BY SIGNJNG DELOW, Borrower accepts and ¡¡grcc:¡ LO lhe terms contailll'd in this S('curity Jnslru/IIent ami in
élny riùLT(~) L,xccuted by Borrower anù recorded with h.
Wjt\lC~:¡t'S :
._.."\1...·...·__
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DARREN LARA
_.__1fMiJ¿¡jú·9·d~_.. ...(5,,,1)
KIMBERLIE J LARA ,D"I '\)w~r
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(5L'al)
-11\HI\IWl:r
____ (Seal)
..Du/'l'uwcl'
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'¡¡,,(\'OWCI'
(Seal)
-Yurruwt'r
..-.............--
(SC;ll)
-Ihllr" w~r
..___ (Seal)
-Dorruwer
-...'""...-.
_'_"'~"_"_ (Seal)
-II\J( V\VCI'
STATE en' WYOMING, LINCOLN
County SIi:
l11c foregoing instrument was acknowledscd before me this JULY 2ND, 2001
(dale)
by DARREN LARA AND KIli4BERLIE J LARA.
C.B. NEEL- REINHART. Notary Pub. lie
County of State .of
Lincoln WyomllllJ
My Commission EXpires March 18. 2005
~
(p,mun ôlcknnwlt"dgin[!)
My Commission Bxpires; 3 ,./ S:' -0 S-
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C,.,,/y ·.-ss/";{:.'" i~-C-,<,,:;.f;..¡( [t\... é
Notary Public
~.4R(WY) (960~I,01
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POUII 6 01 B
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WYOMING COMMUNiTY DI!:VF.LOI)MENT
I-IIGIJ CO~T AREA SET AS ID 1£ RIUI!:R
As long as Ihis mortgage is held by Wyom!ngCommunilY Dcveloplllcnl AUlhority, Caspcr,
Wyoming, the Mortgage Lender nl.'Y declare all SlIIUS secured by this l11oJ1gage 10 be imlllcdialely dllc illld
payable if:
(a) ¡Ill or part of thc property is sold or otherwisc lIansfcrrcd (oÚ1cr tllaJlOY dcvisc, desccnt or
opcration of Jmv) by Borrowcr Iu ól purchaser or othcr llill1sfcree:
(i) who CílfU,ot rCél50nably bc c:I;pectcd to occupy thc property us ¡¡ principal
Icsidencc,,\v,l-(hill a rC¡ISOnllble ûme ancr Ihe ¡¡¡¡Ie pr transfer; or
w;" >.
(ii) who has haù j} prescnt ownership íUlcrcst in n principal residence during allY parI
of (hc three-.rcar period eliding 011 Ihe uale of the sale or lr¡¡l1srer; or
i..·.
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(iii)"., è\1,1I\ ¡¡cc¡uisition cost which is ill excess 01" Ih(ll c$loblislled by the Wyollling .,
COlIl/lIUllity lJcvelopmcnt AlIlhority under its applicable l'cguhHiollS or program
ß\JidelillCS in crrct:l on the d.11c of lhe sule; (Jr;
(b) Borrower fails 10 occupy the property dC5cri\JcLl in the l1Iol1gu¡;c wilhoul Morlgrage
Lcnder's prior wrillcn COIISCII\; or
(c) Borrower OI1IÍ(.S or misreprescnts n l1);.\leriu! facl in ;11\ applicalioll for U1jS mOl1gagc.
NOTlC¡¡; TO M()RTG^GOI~: This dOClIlI1Cllt ~\lu~lallfially modifies lhe lenlls oflhis Luau,
Do not siUI\ illllllcss YOII have rc;)u m\d lIndcrslLUld ¡I,
I hereby consent to the lIIodificaliollS of the lerms of the Morl~:lge :\IId NOle which ure COIII_lincd
ill Ihe Rider.
Oaleù U\is
duyof
.2000.
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