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Home My WebLink About925734 "J V '" "'Jf; ~ OJ oJ '... Ìt\lA Return To: FHHLC - POST CLOSING MAIL ROOM 1555 W. WALNUT HILL LN. #200 MC 6712 IRVING TX, 75038 oooua-, .µ S::O'I Q)'<I' 3'<1' "d U Q) "d 0 t¡I c¡ "d c¡ Ilt 0.. State of Wyoming .µ ~ .. Q)'<I' "d"dN Q) .~ 1.0 "d¡:r; ~ ~ o t¡I 0 U s:: 0 Q) .~ ÇQ ~ U Q) r:: .. ¡:r;t;:"d s:: Q) t¡I.~ "d s:: Ii.! ~ .~ 0 Q) .µ U ..Q PI Q) S ¡...¡ fJ Q) .~ X :>t Çio-I .µ fJ s:: X ::s 1.0 Q) c¡ 0 0 3 E-t .~ ~ ("Borrower"), This Security Instrwnent is given to U Q) Q) N o,c:¡...¡...... Q .µ 0.: 1.0 FIRST HORIZON HOME LOAN CORPORATION 1315 SOUTH HIGHWAY 89, SUITE 101 JACKSON, WY 83001 RECÈlVED 6/26/2006 at 4:04 PM ~~~ING # 919675 BOOK: 62""- PAGE: 449 JEANN~, WAGNER LINCOLN COUNTY CLÈRJ:(, KEMMERER WY .,~, I Prepared By: FIRST HORIZON HOME LOAN CORPORATION [Space Above This Line For Reconlù¡g Datal FHA Case No. MORTGAGE 591-0987168-703 0057811549 THIS MORTGAGE ("Security Instrwnent") is given on June 21st, 2006 The Mortgagor is TRENT K OLSEN, AN UNMARRIED MAN RECEIVED 1/2/2007 at 2:06 PM RECEIVING # 925734 BOOK: 645 PAGE: 268 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY ¡ /11.9 v whkh is organized and existing under the laws of THE STATE OF KANSAS , and whose address is 4000 Horizon Way, IRVING, TX 75063 ("Lender"). Borrower owes Lender the principal swn of ONE HUNDRED FORTY TWO THOUSAND SEVEN HUNDRED FIFTY NINE & 00/100 Dollars (U.S. $ 142,759.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on July 1st, 2036 . This Security Instrwnent secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other swns, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the perfonnance 1.1 1.-. ." v FHA WyolJ1Ù¡g Mortgage - 4/96 .'4R(WY) (0509) @ VMP Mortgage Solutions. Ino, /0 Page 1 of 9 Initials: L . 11111111111111111111111111111111111 O·o,[·r~rIf,'A, , If ,·:V . -' .... .',,¡.,)o,., '1, ". '. ',~ . ¡¡ (). ii' ''', ' ~i·~~)4,.~~·..{ì 1/, ) .~.. 00450 of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to the Lender with power of sale,. the following described property located in Lincoln County, Wyoming: All that tract or parcel of land as shown on Schedule "A" attached hereto which is incorporated herein and made a part hereof. ParcellD Number: which has the address of THAYNE County: 12-3518-30-4-07-096.00 City: 572 VISTA WEST DRIVE, [City], Wyoming 83128 [Street] [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and tixtures now or hereafter a part of the property, All replacements and additions shall also be covered by this Security Instrwnent. All of the foregoing is referred to in this Security Instrwnent as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encwnbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY 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. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrwnent, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be detennined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds. " Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximwn amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.c. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve pennitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. 0057811549 S-4R(WY) (0509) @ Page 2 of 9 ~ Initials: ¡,D- ""',..., ...'. i', ·í.~· ~ q~, ¡~<:.; lJ,.jI..,I4.....Jf .ii-" -', ,I 00451 If the amounts held by Lender for Escrow Items exceed the amounts pemlitted to be held by RESPA, Lender shall account to Borrower for the excess funds as required by RESPA. If the amounts of funds held by Lender at any time are not sufticient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as pennitted by RESPA, The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower, ùlllilediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all installments for items (a), (b), and (c). 3. Application of Payments. All payments under paragraphs 1 and 2 shall be applied lJy Lender as follows: First, to the mortgage insurance premiwn to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premiwll; Second, to any taxes, special assessments, leasehold payments or ground rents, and tire, t100d and other hazard insurance premiums, as required; Third, to interest due under the Note; Fourth, to amortization of the principal of the Note; and Fifth, to late charges due under the Note. 4. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, wheÙler now in existence or subsequently erected, against any hazards, casualties, and contingencies, including tire, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by t100ds to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a fonn acceptable to, Lender. In Ùle event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance proceeds may be applied by Lender, at its option, either (a) to the reduction of the indebtedness unde; the Note and this Security Instrument, tirst to any delinquent amounts applied in ùle order in paragraph 3, and Ùlen to prepayment of principal, or (b) to the restoration or repair of ùle damaged Property, Any application of ùle proceeds to the principal shall not extend or postpone ùle due date of the monthly payments which are referred to in paragraph 2, or change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrwnent shall be paid to the entity legally entitled thereto. In the event of forecl9sure of this Security Instrwllent or oùler transfer of title to the Property ùlat extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in fÖrce shall pass to the purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy tlle Property as Borrower's principal residence for at least one year after tile date of occupancy, unless Lender deternlines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change tile Property or allow tile Property to deteriorate, reasonable wear and tear excepted. Lender may inspect tile Property if tile Property is vacant or abandoned or tile loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower shall 0057811549 .-4R(WY) (0609) @ Page 3 of 9 ,nitla,4. 00 {'~f'-~ þ""'~ 'I,:' . ,. ~ . ¡b..,. , "OJ' I;,,'" "'". '.." ,,* "~Jf"'~"" ~~'..II'~) ....-.::...... .,;¡ 'Í ""~ 'nr452 also be in default if Borrower, during the loan application process, gave materially false fJr inaccurate infonnation or statements to Lender (or failed to provide Lender with any material infomlation) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply witll the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged urness Lender agrees to the merger in writing, 6. Condemnation. The proceeds of any award or claim for déUnages, direct or consequential, in cOlmection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under Ùle Note and ùlis Security Instrument, tirst to any delinquent éU1lounts applied in Ùle order provided in paragraph 3, and ilien to prepayment of principal. Any application of the proceeds to Ùle principal shall not extend or postpone the due date of Ùle monùlly payments, which are referred to in paragraph 2, or change Ùle éU1lount of such payments. Any excess proceeds over an éUnount required to pay all outstanding indebtedness under Ùle Note and ùlis Security Instrument shall be paid to Ùle entity legally entitled Ùlereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, tines and impositions Ùlat are not included in paragraph 2. Borrower shall pay iliese obligations on time directly to Ùle entity which is owed ùle payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lenrer receipts evidencing Ùlese payments, If Borrower fails to make Ùlese payments or Ùle payments required by paragraph 2, or fails to perfonn any oÙler covenants and agreements contained in ùlis Security Instrument, or Ùlere is a legal proceeding Ùlat may signiticantly affect Lender's rights in ilie Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), Ùlen Lender may do and pay whatever is necessary to protect ùle value of Ùle Property and Lender's rights in the Property, including payment of taxes, hazard insurance and oùler items mentioned in paragraph 2. Any éUnounts disbursed by Lender under ùlis paragraph shall become an additional debt of Borrower and be secured by ùlis Security Instrument. These amounts shall bear interest from Ùle date of disbursement, at Ùle Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over ùlis Security Instrument unless Borrower: (a) agrees in writing to ùle payment of ùle obligation secured by ùle lien in a manner acceptable to Lender; (b) contests in good faith tlle lien by, or defends against enforcement of Ùle lien in, legal proceedings which in Ùle Lender's opinion operate to prevent Ùle enforcement of the lien; or (c) secures from Ùle holder of Ùle lien an agreement satisfactory to Lender subordinating Ùle lien to this Security Instrument. If Lender detennines Ùlat any part of Ùle Property is subject to a lien which may attain priority over Ùlis Security Instrument, Lender may give Borrower a notice identifying Ùle lien. Borrower shall satisfy Ùle lien or take one or more of ilie actions set forth above within 10 days ofthe giving of notice. 8. Fees. Lender may collect fees and charges authorized by Ùle Secretary. 9. G.·ounds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by Ùle Secretary, in Ùle case of payment defaults, require immediate payment in full of all sums secured by ùlis Security Instrument if: (i) Borrower def~LUlts by f~1Íling to pay in full any monthly payment required by this Security Instrument prior to or on Ùle due date of Ùle next monthly payment, or (ii) Borrower defaults by failing, for a period of Ùlirty days, to perfonll any oùler obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if pernlitted by applicable law (including Section 341(d) of Ùle Garn-St. Gennain Depository Institutions Act of 1982, 12 U.s. C. 170lj-3(d» and with Ùle prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if: 0057811549 S-4R(WY) (0509) @ Page 4 of 9 InlliaIS:...{O ~ {.ìÜ'Ù ~''¡;~..'''-; ".../' ~,..:~ ,,~....:t=r ~-..~8 . it I:) ". (" :~. 00453 (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or ù1e purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would pennit Lender to require illunediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events, (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of ù1e Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not detem1ined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of ù1e Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, ù1is option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary, 10. Reinstatement. Borrower has a right to be reinstated if Lender has required illID1ediate payment in full because of Borrower's failure to pay an amount due under the Note or ù1is Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate ù1e Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to ù1e extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to pennit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years inID1ediately preceding the conunencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely aflect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to conID1ence proceedings against any successor in interest or refuse to extend time for payment or où1erwise modify amortization of ù1e sums secured by this Security Instrwnent by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude ù1e exercise of any right or remedy, 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to ù1e provisions of paragraph 9(b), Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in ù1e Property under the tenus of this Security Instrument; (b) is not personally obligated to pay ù1e Silins secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any acconunodations wiù1 regard to the tenus of this Security Instrument or ù1e Note wiù10ut that Borrower's consent. 0057811549 .-4R(WY) (0509) @ Page 5 of 9 Inilial4· , J.~'J ~.M!,?":.'C~ {., ~,.~ "'~::1<;\,.'}f ~.iJ U ': ~Ij oopr~¡.""''''-~ .~ ./~ " II\.'~ r"JO ;.d .454 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by tirst class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by tirst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower, Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph, 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note contlicts with applicable law, such cont1ict shall not atlect other provisions of this Security Instrument or the Note which can be given effect without the contlicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one confonned copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to Ùle presence, use, or storage on Ùle Property of small quantities of Hazardous Substances Ùlat are generally recognized to be appropriate to normal residential uses and to maintenance of Ùle Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or oÙler action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notitied by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are tllose substances detïned as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other t1ammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fon11aldehyde, and radioactive materials. As used in ùlis paragraph 16, "Environmental Law" means federal laws and laws of tlle jurisdiction where tlle Property is located ùlat relate to healùl, safety or environmental protection. NON-UNIFORM COVENANTS, Borrower and Lender furÙler covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of tlle Property. Borrower autllOrizes Lender or Lender's agents to collect Ùle rents and revenues and hereby directs each tenant of tlle Property to pay tlle rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in tlle Security Instrument, Borrower shall collect and receive all rents and revenues of tlle Property as trustee for tlle benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security OlÙy. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shaH be held by Borrower as trustee for benefit of Lender OlÙY, to be applied to tlle sums secured by tlle Security Instrument; (b) Lender shall be entitled to collect and receive all of Ùle rents of tlle Property; and (c) each tenant of Ùle Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to Ùle tenant. Borrower has not executed any prior assignment of tlle rents and has not and will not perfoml any act tllat would prevent Lender from exercising its rights under tllis paragraph 17. Lender shall not be required to enter upon, take control of or maintain Ùle Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time Ùlere is a breach. Any application of rents shall not cure or waive any default or invalidate any otller right or remedy of Lender. This assignment of rents of tlle Property shall tenninate when ùle debt secured by tlle Security Instrument is paid in full. 0057811549 G-4R(WY) (0509) @ Page 6 of 9 InlllaIS-~' (f) 'Cj"id ~([ "/"", .... , :!t I ;¡ \' ~ ~ I.. '" ., .,....'\~ "~, ,- '.) I.I ,)j ~.......~;,.;."''] r ")0 " .' ,"':.,: '.' \, . , 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the powel' of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law, Lender shall give notice of the sale to Borrower in the manner provided in paragraph 13. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by applicable law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. It' the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may involœ the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument without charge to Borrower. Borrower shall pay any recordation costs, 20. Waivers. Borrower waives all rights of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. 21. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded togeùler wiù1 ù1Îs Security Instrument, the covenants of each such rider shall be incorporated into and shall éU11end and supplement ù1e covenants and agreements of ù1Îs Security Instrument as if ùle rider(s) were a part of this Security Instrument. [Check applicable box(es)], D Condominium Rider D Planned Unit Development Rider D Growing Equity Rider D Graduated Payment Rider D Other [specify] 0057811549 .-4R(WY) (0509) @ Page 7 of 9 InitiaIS:..4 ' " ~.. '.., . r ..',¡, t~'A(i. ",.·"'1 ",' . '~"''''' r;\JI ..JJ .f· :-.~ OOif.r~~;:~-r:1 (:0('456 BY SIGNING BELOW, Borrower accepts and agrees to the tenns contained in Ùlis Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: (Seal) -Borrower (Seal) -Borrower (Seal) - Borrower 0057811549 .-4R(WY) (0509) ® .--/ ß- l/ o;L TRENT K OLSEN (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower Page 8 01 9 V' ~ '-\'D:,,';¡ 1~~" ~". " 4,} r,·}...~.:,..H\....tJ ./ ~~,.,~~ ·~00457 STATE OF WYOMING, LINCOLN County 5S: The foregoing instrument was acknowledged before me ùlis 21st day of June, 2006 by TRENT K OLSEN My Commission Expires: q - /5 - 07 N"-:::!!!~ It! Æy~ GLORIA K. BYERS· NOTARY PUBLIC County of State of Lincoln Wyoming My Commission Expires Sept. 15, 2007 0057811549 .-4R(WY) (0509) @ Page 9 of 9 Inili8lsÄ· j ""Ji\"~ "'-4W. .o'C) \t} ~~ ll..~ ..\~If "..,,' ,) " . OO:,f" ,"':'1 ·"..··'t'"' f¡ , -l.!r,' : t' r"JC 5 ~.; l 4 8 0057811549 EXHIBIT "A" Lot 39 of Star Valley Ranch Plat 6, Lincoln County, Wyoming as described on the official plat filed on June 7, 1971 as instrument No. 431710 of the records ofthe Lincoln County Clerk. MORTGAGE ADDENDUM The following is an Addendum to the Mortgage. The addendum shall be incorporated into, and recorded with, the Mortgage. TAX EXEMPT FINANCING RIDER This Tax-Exempt Financing Rider is incorporated into and shall be deemed to amend the terms of the Mortgage to which it is attached. In addition to the covenants and agreements made in the Security instrument, Borrower and Lender further covenant and agree as follows: Lender, or such of its successors or assigns as may, by separate instrument, assume responsibility for assuring compliance by the Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: a) All of part of the Property sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee: i) Who cannot reasonably be expected to occupy the property as a principal resident within a reasonable time after the sale or transfer, all as provided in Section 143(c) and (i) (2) of the Internal Revenue Code; or ii) Who has had a present ownership interest in a principal residence during any part of the three year period ending on the date of the sale or transfer, all as provided in Section 143(d) and (i) (2) of the Internal Revenue Code; or iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e) and (i) (2) of the Internal Revenue Code; or iv) Whose family income exceeds applicable income limits as provided in Section 143(f) and (i) (2) of the Internal Revenue Code. b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of the lender or its successors or assigns described at the beginning of this Tax Exempt Financing Rider, or c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Internal Revenue Code as amended, in effect on the date of execution of the Security Instrument and are deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt Financing Rider. ~ðL / Borrower Borrower MPP 210-B (Revised 12/95) O 0 ,r,· ,~.¡...' f;J, . ''i.(' 'II. : .......J' OO:f.r~"·":lr) J' 'Ii.: ': .,J BY SIGNING BELOW, Borrower accepts and agrees to the tenns contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witness: /~ K-QfL-- (Seal) TRENT K. OLSEN Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower 00.57811.549 STATE OF WYOMING, LINCOLN O 0 ã~"'" .'0 ¡,r. '¡"¡'", rf .....\/ YJJI County ss: The foregoing instrument was acknowledged before me this 15~ day of December, 2006 by TRENT K. OLSEN My Commission Expires: R~ U} 2cPß. Notary Public 0057811549 LAYNA HADERLlE - NOTARY PUBLIC County of Lincoln State of Wyoming My Commission Expires February 26, 2008 Initials