Loading...
HomeMy WebLinkAbout927879 /7 L '1~¡ ~ J ì t··\ t1ð ('", i' 000360 RECEIVED 3/26/2007 at 2:15 PM RECEIVING # 927879 BOOK: 652 PAGE: 360 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Prepared By: CHARLA CALVERY 249621076 (Spoee Above This Line For ({eeordln/: Dotal MORTGAGE DEFINITIONS When recorded mail to: First American Title Insurance Lenders Advantage 1 100 Superior Avenue, Suite 200 Cleveland, Ohio 44114 ATTN: NATIONAL RECORDINGS Words used in multiple sections of this documcnt are dcfined bclow and othcr words arc dcfincd in Sections 3, 11. 13. 18,20 and 21. Certain rulcs regarding the usagc of words used in this documcnt arc also provided in Section 16. (A) "Security Instrument" means this document, which is dated togcthcr with nll Ridcrs to this document (ß) "ßorrower" is MICHAEL CRANFORD I V'\II'\'t(Y'¡'(!q 3/02/2007 Borrower is the mortgagor undcr this Security Instrument (C) "Lender" is NATIONSTAR MORTGAGE LLC Lendcr is a A LIMITED LIABILITY COMPANY organized and existing under the laws of THE STATE OF DELAWARE WYOMING-Single Femily-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT e-6(WY) (0005).01 .10 A. .--- P'Ø.~.II& I"IU.IO:~ Form 3051 1/01 1111/111 111111111 1111111111 1111 I11I VMP Marlgao_ Solutions, fnc. 1111111111111111111111 CRANFORD 11743842 WY FIRST AMERICAN LENDERS ADVANTAGE MORTGAGE 1111111111111111111111111111111111111111111111111 - .. - -._-- 3-01 052"';S79 249621076 Lender's address is 2828 NORTH HARWOOD DALLAS, TX 75201-1516 Lender is Ihe mOrLgagee under Ihis Securily Instrument. (D) "Note" means Ihe promissory note signed by Borrower and daled 3/02/2007 The Note states Ihat Borrower owes Lender TWO HUNDRED FORTY EIGHT THOUSAND SEVEN HUNDRED SEVENTY FIVE & 9qjô\ßfI; (U.S. S 24B, 775.90 ) plus inleresL Borrower has promised 10 pay this debl in regular Periodic paymenlS and 10 pay the debl in full nollater Ihan 3/07/2037 (E) "Property" means the properly Ihat is described below under Ihe heading "Transfer of RighlS in Ihe ProperlY·" (F) "Loan" means Ihe debt evidenced by the Note, plus interest, any prepayment charges and laic charges due under the Note, and all sums due under this Security InslrUmenl, plus inleresL (G) "Riders" means all Riders to this Security Instrument that arC executed by Borrower. The following Riders are 10 be executed by Borrower (check box as applicable]: § Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider Balloon Rider B Planned Unit Development Rider B 1-4 Family Rider V A Rider Biweekly Payment Rider Other(s) [specify] (H) "Applicable Law" means all controlling applicable federal, Slnle and local SlnlUles, regulations, ordinances and administrative rules and orders (lhat have Ihe effect of law) as well us all applicable final. non-appealable judicial opinions. (I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessmenlS and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (.J) "Electronic Funds Transfer" mcans any transfer of funds, olher than a transacüon originaled by check, draft, or similar paper instrument, which is initialed through an electronic tenninal, telephonic instrument, compUler, or magnetic Inpe so us 10 order, instruct, or authorize a financial instituùon 10 debit or credit an accounl. Such lenn includes, but is nOl limited to, point-of-sale transfers, aulomaled tellcr machine transactions, transfers initialed by Lelephone. wire transfers. and aUlOmated clearinghouse transfers. (K) "Escrow Items" means those iLems (hat are described in Secùon 3. (L) "Miscellaneous Proceeds" means any compensation, selLlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage 10, or destruction of, the Properly; (ii) condemnaùon or othcr taking of nil or any part of thc Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresenlntions of. or omissions as 10, Ihe value and/or condition of Ihe Property. (M) "Mortgage Insurance" means insurance prolecting Lender against the nonpayment of, or default on, Ihe Loan. (N) "Periodic Payment" means thß regularly scheduled amount due for (i) princìpalund interest under the Note, plus (ii) any amounlS under Secùon 3 of this Security Instrument. (0) "RESPA" means the Real Eslnte Settlement Procedures ACI (12 U.S.C. Section 2601 el seq.) and ¡IS implementing regulaùon, Regulation X (24 C.F.R. Pari 3500), as they mighl be amended from ùme 10 lime. or any additional or successor Ißgislation or regulation thai governs Ihe same subjecl matLer. As used in this Security Instrument, "RESP A" refers 10 all rcquiremenlS and reslricLions thul arc imposed in regard 10 a "federally related mortgage loan" even if the Loan docs nOl qualify as a "federally relaled mortgage loan" under RESPA. Inlllal':~ Form 3051 1/01 . -6(WV) (00051.01 èII Pagl 2 0115 . . . . 1000362 . 092~i'879 249621076 (P) "Successor In Interest 01' Borrower" means any pany Ihal has lakcn tille 10 the Propcrly, whclller or nOI that party has assumcd Borrower's obligations undcr IIle Nole and/or this Security InstrumcnL TRANSFER OF RIGHTS IN TI-Œ PROPERTY This Security Instrument secures to Lender: (i) the repayment of IIIC Loan, and all renewals, CXlensions and modifications of the NOle; and (ii) IIle performancc of Borrowcr's covcnants and agreemcnts undcr this Sccurity Instrument and the Note. For this purpose, Borrower docs hereby mortgage, grant and convey 10 Lender and Lender's successors and assigns, with power of sale, the following described property located in thc COUNTY of LINCOLN (Type or Recording Jurisdiclion (Name or Recording Jurlsdiclion) All that tract or parcel of land as shown on Schedule "An attached hereto which is incorporated herein and made a part hereof. Parcel ID Number: 12-3718-30-00-016.00 317 SNAKE RIVER DRIVE ALPINE ("Property Address"): which currently has the address of ISlreet) [Cilyl, Wyoming 83128 ¡Zip Codcl TOGETHER WITH allllle improvements now or hereaCler erccted on the property, and all casements, appurtenances. and fixtures now or hereaCler a part of the property. All replacemcnts and additions shall also bc covered by this Security InstrumenL All of thc forcgoing is rcferred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the esLale hereby conveyed and has the right 10 mortgage, grant and convey the Property and that IIle Property is unencumbered, except for encumbrances of record. Borrower wamU11S and will defcnd gencrally thc title to the Property agninst all claims and demands, subject 10 any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenanlS for national use and non-uniform covenanlS with limited variations by jurisdiction to constitule a uniform security instrument covcring real propcrty. UNIFORM COVENANTS. Borrowcr and Lendcr covenant and agrec as follows: 1. Payment of Principal, Interest. Escrow Items, Prepayment Charges, and Late Charges, Borrowcr shall pay when due thc principal of, and inlerest on, the debt evidcnced by the NOle and any prepayment charges and lale chargcs duc under the NOle. Borrowcr shall also pay funds for Escrow Ilems pursuant to Section 3. Payments duc under the Note and l11is Security Inslrument shall bc madc in U.S. currency. However, if any check or other instrument rcceived by Lender as payment under thc NOle or l11is Inlll.I':~ e-6(WV) (00061.01 .. Paoo 3 0'16 Form 3051 1/01 ". ·' .~.,i·..t. . :'\::ä,; .,';¡'"J'_'_':-,. .' .~. . .. ~. .'. ., " . 000363 0-32"';879 249621076 Securily InsliUmenl is relumed lO Lender unpnid, Lender mllY require thal any or all subsequenl payments due under the NOIe and this SecurilY Instrumenl be made in one or more of the following fonns, as selecled by Lender: (a) cash; (b) money order; (c) cenificd check, bank check, !rCasurer's check or cashier's check, provided any such check is drawn upon an insûluûon whose deposits are insured by II federal agency, insliUmenUllilY, or enûly; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received al the locaûon desigmlled in the Nole or al such other localion as may be designated by Lender in accordance with he noûce provisions in Secûon IS. Lender may retum any paymenl or parlial paymenl if the paymenl or parûal payments are insufficienlLO bring the Loan current. Lender may aecept any paymenl or parûal paymenl insufficient to bring he Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the fUlure, but Lender is not obligaled to apply such payments at the lime such payments are accepted. If CIIch Periodic Paymenl is applied as of its scheduled due date, then Lender need not pay inlerest on unapplied funds. Lender may hold such unapplied funds unûl Borrower makes paymenl to bring the Loan current. If Borrower does not do so within a reasonable period of ûme, Lender shall either apply such funds or relum them lo Borrower. If not applied earlier, such funds will be applied lO the oUL~Ulnding principal balance under the Note immedialely prior LO foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the NOIe and lhis SecurilY InSliUmenl or perfonning the covenants and agreements secured by this Security Inslrument. 2. Application of Paymenl~ or Proceeds. Except as otherwise described in this Seeûon 2, all payments aecepted and applied by Lender shall be applied in the following order of priority: (a) inlerest due under the NOle; (b) principal due under the NOle; (c) amounts due under Seclion 3. Such payments shall be applied lO CIIch Periodic Payment in the order in which it became due. Any remaining amounts shall be applied nrslLO lale charges, second lO any other amounts due under this Securily Instrument, and then LO reduce the principal balance of the Note. n Lender receives a paymenl from Borrower for a delinquenl Periodic Payment which includes a sufficient amounlLO pay any lale charge due, the paymenl may be applied to the delinquenl payment and the lale charge. If more than one Periodic Payment is oUISUlnding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the exlCntthat, each payment can be paid in full. To the extent that any excess exists afler the payment is applied to the full paymenl of one or more Periodic Payments, such excess may be applied to any Jale charges due. Voluntary prepayments shall be applied first to any prepaymenl charges and then as described in the Note. Any applicaûon of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due dale, or change the amount, of the Periodic Payments. 3. Funds Cor Escrow Items. Borrower shall pay LO Lender on the day Periodic Payments are due under the Note, unlilthe Nole is paid in full, a sum (the "Funds") to provide Cor payment of amounts due for: (a) lUXes and assessments and other items which can auain priority over this Security Instrumenl as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Properly, if any; (c) premiums for any and all insurance required by Lender under Secûon 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the paymenl of Mortgage Insurance premiums in accordance with the provisions of Seclion 10. These ilems are called "Escrow Ilems." At originaûon or al any ûme during the Lerm oC the Loan, Lender may require thal CommunilY Associaûon Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Ilem. Borrower shall promptly furnish lO Lender all noûces of amounts to be paid under this Secûon. Borrower shall pay Lender the Funds for Escrow Ilems unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Ilems. Lender may waive Borrower's obligation lO pay to Lender Funds for any or all Escrow looms at any time. Any such waiver may only be in writing. In the evenl of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Ilems for which payment of ~ Inlllo.,_ Form 3051 1/01 .-6(WV) (0005).01 . pag.4 of 15 1)0036'~ 092;787~j 249621076 Funds has been waived by Lender and, if Lender requires, shaH furnish lo Lender receipts evidencing such paymenl wilhin such lÎme period as Lender may require. Borrowcr's obligalÎon 10 make such payments and to provide receipts shaH for all purposes be deemed lo be a covenant and agreemenl contnincd in this Security Instrumcnt, as the phrdSe "covcnant and agreement" is used in SeclÎon 9. If Borrowcr is obligatcd to pay Escmw Ilcms direclIy, pursuant to a waiver, and Borrowcr fails 10 pay Ihe amounl due for an Escrow Item, Lender may exercise its rights undcr Secûon 9 and pay such amounl and Borrower shall Ihen be obligated under SeclÎon 9 lo repay 10 Lender any such amount. Lender may revoke Ihe waiver as lo any or aH Escrow Items al any lime by a nOlÎce given in accordance wilh SeclÎon IS and, upon such revocalÎon, Borrower shall pay lo Lender all Funds, and in such amounts, that are Ihen required under Ihis SeclÎon 3. Lender may, al any lÎme, coHecl und hold Funds in an amounl (n) suCCicienL lo pennit Lender lo apply Ihe Funds UL the lÎme specified under RESPA, and (b) nOllo exceed Ihe maximum amounL a lender can require under RESPA. Lender shaH eslÎmalc the amounL of Funds due on the basis of currenl data and rC8Sonable cslÎmal.eS of expenditures of fulure Escrow Hems or olherwise in accordance wilh Applicablc Law. The Funds shall be held in an instiLution whose dcposits are insured by a fedeml agcncy, inslIumentalily, or enlÎty (including Lender, if Lender is an inslÎtulÎon whose depnsil~ are so insured) or in any Fcdcral Home Loan Bank. Lcnder shall apply Ihe Funds to pay the Escrow Ilcms no later Ihan Ihe lÎme specified undcr RESPA. Lender shall nOl charge Borrower for holding and applying the Funds, annuaHy analyzing the escrow accounl, or verifying Ihe Escrow Items, unless Lender pays Borrower interesL on the Funds and Applicable Law pennits Lender lo make such a charge. Unless an agreement is made in writing or Applicable Law requires inlereSllo be paid on Ihe Funds, Lender shall not be required 10 pay Borrower any inlerest or earnings on the Funds. Borrower and Lender can agree in wrilÎng, however, lhaL interesl shall be paid on IIle Funds. Lender shall give lO Borrower, wilhout charge, an annual accounlÎng of lhe Funds as required by RESPA. rr lherc is a surplus of Funds held in escrow, as defined undcr RESP A, Lcnder shall accounl 10 Borrower for lhe excess funds in accordance wilh RESPA. If Ihcre is a shorlnge oC Funds held in escrow, as defined under RESPA, Lender shall nolÎfy Borrower as required by RESPA, and Borrower shall pay 10 Lender IIle amounl necessary 10 make up Ihe shorlnge in accordnnce wilh RESPA. bUl in no more IIlan 12 monthly payments. If Ihere is a deficiency of Funds held in escrow, as defined under RESPA, Lendcr shall noLify Borrower as required by RESPA, and Borrowcr shall pay lo Lender Ihe amounl necessary 10 make up lhe deficiency in aecordance wílh RESPA, bUl in no more than 12 monlhly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promplIy reCund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all t:lXes, assessments, charges, fines, and impositions attributable to Ihe PropCrlY which enn auain priority over Ihis Securily InsLrument, leasehold payments or ground rents on lhe Properly, if any, and Community Association Dues, Fees, and Assessments, if any. To IIle eXlenllhallhese items are Escrow Ilems, Borrower shall pay lhem in lhe manner provided in SeclÎon 3. Borrowcr shall promplIy discharge any lien which has priority over Ihis Securily InslrUmenl unless Borrower: (n) agrccs in wrilÎng 10 Ihe payment of Ihe obligalion secured by Ihe lien in a manner acceptnble 10 Lender, bUI only so long as Borrower is perfonning such agreemcnl; (b) conteslS lhe lien in good failh by, or defends againsl enCorcement of Ihe lien in, legal proceedings which in Lender's opinion operale lo prevenllhe enforcement of lhe lien while Ihose proceedings are pending, but only unlÎl such proceedings are concluded; or (c) secures from Ihe holder of Ihe lien an agreemenl satisCaclory to Lender subordinalÎng lhe licn 10 lhis Security InslIument. If Lender determines Ihat any parl of Ihe Propeny is subject 10 a lien which can atlaÍn priority ovcr Ihis SecurilY Instrument, Lender may give Borrower n notice idcntifying lhe lien. Wilhin 10 ~ In..1811:_ e-6(WV) 100051·01 G> Paoa 5 of 15 Form 3051 1/01 '-':' .::~{.;.:-W':',~ .. '>;!::':~.: . :. .:",., ';' '. .~-'::.. ::"':~:;:::;:;'~~:';'é;:;~~::~'~': ;.:..:. ," ",'-'-, OOO;.J~~ O~Zt78?9 249621076 days of Ihe dale on which Ihal notice is given, Borrower shall salisfy Ihc lien or take onc or morc of Ihe actions sel forlh above in Ihis Section 4. Lender may require Borrower 10 pay a one-time charge for a rcaJ cslale laX verification and/or reporting service used by Lender in connection wilh Ihis Loan. . S. Property Insurance. Borrower shall keep Ihe improvements now existing or hercaflcr ereclcd on Ihe ProperlY insured againslloss by fire, hazards included wilhin Ihe lerro "exlended coverage," and any other hazards including, but nOI limiled to, earthquakes and floods, for which Lender requires insurance. This insurance shall be mainlained in Ihe amounts (including deductible levels) and for the periods thai Lendcr requires. What Lender requires pursuant 10 the preceding sentences can change during Ihc term of the Loan. The insurance carrier providing the insur.mce shaD be chosen by Borrowcr subjecl 10 Lender's righl to disapprove Borrower's choice, which righl shall nOI be exercised unreasonably. Lender may requirc Borrowcr 10 pay, in connection with this Lonn, either: (a) a one-time charge for nood zone delermination, certification and tracking services: or (b) a one-time charge for nood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affecl such determination or certification. Borrower shall also be re.~ponsible for IIle paymenl of any fees imposed by the Federal Emcrgency Managemenl Agency in connection with Ïhe review of any tlood zone determination resulting from an objection by Borrower. If Borrower fails to mainlain any of Ihe coverages described above, Lender may oblain insur.mce coverage, at Lender's option and Borrower's expense. Lender is under no obligalion 10 purchase any particular Iype or amount of coverage. Therefore, such coverage shall cover Lender, bUI might or might nOI proleCI Borrower, Borrower's equily in the Property, or the conlenlS of IIle Properly, againsl any risk, hazard or liabilily and mighl provide grealer or lesser coverage than was previously in effecL Borrower acknowledges that the cost of the insurance coverage so obUlined might significanlly exceed the COSI of insurance Ihat Borrower could have obtuincd. Any amounts disbursed by Lender under Ihis Section 5 shall become additional debt of Borrower secured by this Securily InSlrUmenL These amounts shall bear inlerest at the NOle rale from the dale of disbursemenl and shall be payable, with such inleres!, upon notice from Lender 10 Borrower requcsûng paymenL All insurance policies required by Lender and renewals of such policies' shall be subject 10 Lender's right 10 disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall havc thc right 10 hold Ihe policies and renewal cerlificales. If Lender requires, Borrower sholl promplly givc 10 Lender all receipts of paid premiums and renewal notices. If Borrower oblains any form of insurance coverage, not otherwise required by Lender, for damage 10, or deslrUction of, the Property, such policy shall include a sUlndard mortgage clausc and shall name Lcnder as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice 10 the insurance carrier and Lender. Lendcr may make proof of loss if not made promplly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whelher or notlhe underlying insurance was required by Lendcr, shall be applied 10 reslOration or repair of Ihe Property, if IIle reslOration or repair is economically feasible and Lender's security is not lessened. During such repair and resloration period, Lender shall hnve the righl 10 hold such insurance proceeds until Lendcr has had an opporlunily 10 inspect such Properly to cnsure thc work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promplly. Lender may disburse proceeds for the repairs and restoraLion in a singlc payment or in a series of progress payments as thc work is complelcd. Unless an agreement is made in wriûng or Applicable Luw requires interest 10 bc paid on such insurance proceeds, Lender shall not be required 10 pay Borrowcr any interest or earnings on such proceeds. Fees for public adjuslcrs, or other third parûes, relained by Borrower shall not be paid oul or thc insurance procceds and shall be the sole obligation of Borrowcr. Ir lI)e reslOraûon or repair is nol economically feasible or Lender's security would be lessened. Ihe insurance proceeds shall be applied 10 Inlll.I'~ Form 3051 1101 ..6(WY) (OOOS).O' (!) Pooo 8 0115 . . 249621076 the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiale and settle any available insurance claim and relat.ed mailers. If Borrower does not respond within 30 days 10 u notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and seltle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Properly under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to excced the amounts unpaid under the Note or this Security InsU'ument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Properly, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or reslore the Property or 10 pay amounts unpaid under the Nole or !his Securily InsU'ument, whether or nOI then due. 6. Occupancy, Borrower shall occupy, establish, and use !he Property as Borrower's principal residence within 60 days after the cxecution of this Security Instrument and shall continue 10 occupy the Property as Borrower's principal residence for at leasl one year afler the date of occupancy, unless Lender olherwise agrees in writing, which consent shall not be unreasonably withheld, or unless eXlenuating circumsumœs exist which are beyond Borrower's conU'ol. 7. Preservation, Maintenance and Protection 01' the Property; Inspections, Borrower shall not desU'oy, damage or impair the Property, allow the Property 10 deleriorate or commit waste on the Property. Whe!her or not Borrower is residing in the Propeny, Borrower shall maintain the Properly in order to prevenl the Properly from deteriorating or decreasing in value due 10 ilS condition. Unless il is determined pursuanllo Section 5 !hm repair or restoration is not economically feasible, Borrower shall prompLly repair !he Property if damaged 10 avoid fur!her deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the Ulking of, !he Properly, Borrowcr shall be responsible for rcpairing or restoring !he Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for !he repairs and restoration in a single payment or in a series of progress payments as !he work is completed. If !he insurance or condemnation proceeds are not sufficient to repair or restore !he Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or resloration. Lender or its agent may make reasonable enU'ies upon and inspections of the Property. If it has reasonable cause, Lender may inspect !he interior of !he improvcments on the Property. Lender shall give Borrower notice at !he time of or prior to such an interior inspection specifying such reasonable cause. R. Borrower's Loan Application. Borrower shall be in defaull if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or wi!h Borrower's knowledge or consent gave materially false, mislcading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection wi!h Ihe Loan. Material representations include, bUI are not limited to, representations concerning Borrower's occupnncy of the Properly as Borrower's principal residence. 9. Protection of Lender's Interest In the Property IInd Rights Under this Security Instrument. If (II) Borrower fails to perfonn the covenants and ngrecmenlS contained in this Security InsU'umenl, (b) there is a legal proceeding !hat might significantly al'fect Lender's interesl in !he Property and/or rights under this Security Instrument (such as a proceeding in bankruplcy, probate, for condemnation or forfeiture, for enforcement of a lien which may auain priorily over !his Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned tlte Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under !his Security Instrument, including protecting and/or assessing the value of LIle Property, and securing and/or repairing Lite Property. Lender's actions can include, but arc not limited 10: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable nuomeys' fees 10 Inllla":~ Form 3051 1101 ..6(WV) (00051.01 i!> Pago 7 0115 3·~'~ t, "'U .._ ._ ~ ... !..,,¡;1 O'9Zt"87~ 249621076 protect its interest in the Property and/or rights under this Security InslrUment, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is notlimiled 10, 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, nnd have utilities turned on or off. Although Lender may lake action under this Section 9, Lender docs not have 10 do so and is not under any dUly or obligation to do so. II is agreed thaI 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 shall become additional debt of Borrower secured by this SecurilY InslrUmem. These amounts shall bear interest at the Note ralc from the datc of disbursemenl and shall be payable, with such imerest, upon notice from Lendcr 10 Borrower requesting paymenL If this Securily InslrUment is on a leasehold, Borrower shall comply wilh all the provisions of the lease. If Borrower acquires fee Lille to the Property, the leasehold and the fee tille shall not merge unless Lender agrees 10 the mergcr in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making tJle Loan, Borrower shall pay the premiums required 10 mainlain the Mortgage Insurance in effecl. If, for any reason, the Mortgage Insurance coverage required by Lendcr ceases 10 be available from the mortgage insurer thaI previously provided such insurance and Borrower was rcquired 10 make separately designated payments loward the premiums for Morlgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the MOrlgage Insurance previously in effect, at a COSI subslanlÎally equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, Crom an alternate mortgage insurcr selected by Lender. If substanûally equivalent Mortgage Insurance coverage is not available, Borrower shall continue 10 pay 10 Lender lIIe nmoum of lIIe separalely designated payments Ihal were due when Ihe insurance coverage ceased 10 be in effecl. Lender will accepl, use and retain Iheso payments as a non-reCundable loss reserve in lieu of Morlgage Insurance. Such loss reserve shall be non-refundable, nolwitJlstanding lite Cact lItat lite Loan is ultimalCly paid in full, and Lender shall not be rcquircd to pay Borrower any interesl or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in Ihe amount and for Ihe period Ihat Lender requires) provided by an insurcr seleclcd by Lender again becomes available, is obtained, and Lender requires separalCly designaled payments toward lite premiums for Mortgage Insurance. If Lender required Mortgage Insunll1ce as a condition of making IItc Loan and Borrower was required to make separately designaled paymcnts IOward tJle premiums for Mortgage Insurance, Borrower shall pay lite premiums required to maintain Mortgage Insunll1ce in effect, or to provide a non-refundable loss reservc, until Lender's requirement for Mortgage Insunll1ce ends in accordance wilh any wriuen agreemenl betwcen Borrower and Lender providing for such tenninaûon or unlÎlterminaûon is required by Applicable Law. Nollting in lIIis Section 10 affects Borrower's obligation to pay interest at lite rute provided in the NolC. MOrlgage Insurcll1ce reimburses Lender (or any enlÎty lItat purehases tJle Note) for certain losses it may incur if Borrower does not repay lite Loan as agreed. Borrower is not a party to lite Mortgage Insurance. MOrlgage insurers evaluate lIteir tola! risk on all such insurance in force from lÎme to ûme, and may emer imo agreements willi olher parties Ihal share or modify Iheir risk, or reduce losses. These agreements arc on tenns and condiûons thai are saûsfactory 10 lite mortgage insurer and lite ollter party (or parties) 10 lIIese agreements. These agreements may require lIIe mortgage insurer 10 make payments using any source of funds lIIatthe morlgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchuscr of Ihe Note, anollter insurer, any reinsurer, any olher enlÍty, or any affiliate of any of Ihe foregoing, may receive (direclly or indirectly) amounlS 111m derive from (or might be characterized as) a portion of Borrower's paymenlS for MOrlgage Insurance, in exchange for sharing or modifying lite mortgage insurer's risk, or reducing losses. If such agreement provides lItat an affiliate oC Lender lakes a share of lite insurer's risk in exchange for a share of tJle premiums paid to lite insurer, lite arrnngement is often termed "captive reinsurance." FurtJler: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agrcements will not incrcase thc amount Borrower will owc for Mortgage Insurance, and they wiII not entitle Borrower to any rcfund. ..6(WV) (0005).01 ~ ~ Inllllll:_ Poge 8 0116 Form 3051 1/01 ¡'.. ::..../;. ... ;:~:.. . .. '.,~ I :......." ..'..... 000:367 O~ZI'78~¡9 249621076 (b) Any such agreements will not affect the rights Borrower has - if any - with respect 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 Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid LO Lender. If the Properly is damaged, such Miscellaneous Proceeds shall be applied to restoraûon or repair of the Properly, if the resLOmûon or repair is economically feasible and Lender's security is not lessened. During such repair and resLOmûon period, Lender shall have the right LO hold such Miscellaneous Proceeds unûl Lender has had an opportunity LO inspect such Property LO ensure the work has been completed to Lender's saûsfacûon, provided that such inspecûon shall be undertakcn promptly. Lender may pay for the repairs and resLOraûon in a single disbursement or in a series of progress paymenLS as the work is completed. Unless an agreement is made in wriûng or Applicable Law requires inlCrestLO be paid on such Miscellaneous Proceeds, Lender shall nol be required \0 pay Borrower any interesl or earnings on such Miscellaneous Proceeds. If the restoraûon or repair is not economically feasible or Lender's securily would be lessened, Ihe Miscellaneous Proceeds shall be applied LO the sums secured by this Security Instrumenl, whether or nollhen due, with the excess, if any, paid LO Borrower. Such Miscellaneous Proceeds shall be applied in tile order provided for in Secûon 2. In tile event of a total taking, destrucûon, or loss in value of tile ProperlY, tile Miscellaneous Procceds shall be applied LO tile soms secured by this SecurilY Instrument, whether or not then due, with the excess, if any, paid LO Borrower. In the event of a parûnl taking. destruction, or loss in vnlue of tile ProperlY in which tile fair markel vnlue of the Properly immedialCly before the partial taking, destrUcûon, or loss in value is equalLO or grealCr than tile amounl of the sums secured by this Security Instrument immedialCly before the parûal taking, destrUcûon, or loss in value, unless Borrower and Lender otherwise agree in wriûng, the sums secured by tIIis Security InstrUment shall be reduced by the amounl of tile Miscellaneous Proceeds multiplied by the following fmcûon: (a) tile LOInI amount of the sums secured immedialely before the partiallllking, destruction, or loss in value divided by (b) tile fair markel value of the Property immedialCly before the partial taking, destrucûon. or loss in value. Any balance shall be paid to Borrower. In the evenl of a partial taking, deslJUction, or loss in value of the Properly in which tile fair market value of the ProperlY immedialCly before the parûal taking, destrucûon, or loss in valuc is less than the 1UD0unl of tile sums secured immedinlely before the parûal taking, destrUction, or loss in value, unless Borrower and Lender otherwise agree in wriûng. the Miscellaneous Proceeds shall be applied to the sums secured by tIIis Securily Instrument whether or nolthe sums are then due. If the Properly is abandoned by Borrowcr, or if, after noûce by Lender to Borrower tIIatlhe Opposing Party (as defined in tile nexl senlenee) offers LO make an award to seltle a claim for damages, Borrower fails to respond to Lender within 30 days after tile date the noticc is given. Lender is autlloril.cd to collecl and apply the Miscellaneous Proceeds either to restoralÌon or repair of tile Properly or to the sums secured by tllis Securily InstrUment, whether or not then due. "Opposing Party" means the tIIird party tllal owes Borrower Miscellancous Proceeds or the party against whom Borrower has a righl of action in regard to Misccllancous Proceeds. Borrower shall be in default if any aeûon or proceeding, whetller civil or criminal, is begun that, in Lender's judgment, could resull in forfeilure of the Property or other material impairmenl of Lender's interest in tile Property or righLS under this Security InstrUment. Borrowcr can cure such a defaull and, if neceleration has occurred, reinslnte as provided in Sccûon 19, by causing tile acûon or proceeding lO be dismissed witll a ruling thaI, in Lender's judgment, precludes forfeiture of tile Property or otllcr material impairmenl of Lender's interesl in the PrOperly or righLS under tIIis Securily Instrument. The proceeds of any award or claim for damages thal are aUributable to the impairment of Lender's interesl in the Property are hereby assigned and shnll be paid to Lender. All Miscellaneous Proceeds thal are nOl applied to resLOmtion or repair of the Propcrty shall be applied in tile ordcr provided for in Seclion 2. ~ 10111010:_ Form 3051 1/01 .-6(WY) (00051.01 CD POO.9 .r 16 (L~OO~68 OS2~(S79 249621076 12. Borrower Not Released; Forbearunce By Lender Not II Waiver. EXlensíon of the ûme for payment or modificaûon of amorûzaûon of the sums secured by Ihis Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shull not opcrate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse 10 extend ûme for puymem or otherwise modify IUnorûzaûon of the sums secured by this Security Instrument by reason of ¡my demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limilaûon, Lender's acceplUl1ce of payments from third persons, enûûes or Successors in Interest of Borrower or in 1Uß0unts less than the 1Uß0unL then due, shall not be u waiv!}r of or preclude the exercise of WlY right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covcnWlIS and IIgrees that Borrower's obligllûons and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but docs not execute the Note (u "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant Wld convey the co-signer's interest in the Property under the tenns of this Security Instrument; (b) is not personally obligated 10 pay the sums secured by this Security Instrument; and (c) agrees that Lender IInd any other BOrrower clln agree 10 extend, modify, forbear or make uny aecommodations with regard 10 Ihe terms of this Security Instrument or the Note wilhout the co-signer's consent. Subject to the provisions of Section 18, WlY Suecessor in Interest of Borrower who assumes Borrower's obligations under Ulis Security Instrument in writing, and is approved by Lender, shull oblllin all of Borrower's rights und benefits under this Security Instrument. Borrower shall not be released from Borrower's obligutions WId liability under this Security Instrument unless Lender ab'Tee5 10 such release in writing. The covenunts WId agreements of this 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 perfonned in connection with Borrower's default, for the purpose of protecûng Lender's interest in the Property and righL~ under this Security Instrument, including, but not limited 10, aLlomeys' fees, propeny inspecûon Wld valuation fees. In regard 10 any other fees, the absence of express authority in this Security InslIUmemlO churge a specific fee to Borrower shall not be construed as a prohibition on Ihe charging of such fee. Lender may not charge fees that ore expressly prohibited by this Security Instrumem or by Applicable Law. If the Loan is subjecLto a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collecLed or 10 be collected in connecûon with the Loan exceed the permiUed limits, then: (a) any such loan charge shall be reduced by the 1Uß0unt necessary to reduce the charge to the permiLled limit; and (b) any sums already collected from Borrower which exceeded pennitted limits will be refunded 10 Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct paymcnt to Borrower. If a refund reduces principal, the reducûon will be treated as a parûal prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceplUl1ce of any such refund made by direct payment to Borrower will constilute a waiver of any right of action Borrower might have arising out of such overcharge. IS. Notices. All notices given by Borrower or Lender in connecûon with this Security Instrumenl must be in writing. Any noûce 10 Borrower in connection with this Security Instrument shall be deemed to have been givcn 10 Borrower when mailed by first class mail or when actuully delivered 10 Borrower's noûce address if sent by other means. Noûce 10 anyone Borrower shall consûtute noûce to all Borrowers unless Applicable Law expressly requires otherwise. The nOlice address shall be the Propeny Address unless Borrower has designated a substitute nOlice address by noûce to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporûng Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. Thcrc may be only one designated noûce address under this Security Instrument at WlY onc ûme. Any noûcc to Lender shall be given by delivering it or by mailing it by flrsl class mail 10 Lender's address slated herein unless Lender has designated another address by noûce to Borrower. Any notice in connecûon with this Security Instrument shall not be deemed to have been given to Lender unûl actually received by Lender. If any notice required by this Security Instrument is oIso required under Applicable LIIw, the Applicable LIIw requirement will satisfy the corresponding requiremcnt under this Security Instrument. .-6(WY) (0006).01 ~ Inlllall~ Paø. 100' '5 Form 3051 1/01 '"';:.,'". .... Odl~~~9·· " 'V""<t,f~ 03;¿;~7879 ... 249621076 16. Go\'erning Lnw; Se\'ernbiiity; Rules of Construction. This Securily inslrumCnl shall be go\,erncd by fcderal law and the law of the jurisdiction in which thc Properly is localcd. All rights and obligations conlained in lhis Securily Instrumenl arc subjecl lo any rcquiremcnts and limilalions of Applièable Law. Applicable Law mighl explicitly or implicitly nllow the parties (0 agree by contract or it might bc silcnl, but such silence shall nol be construed as a prohibiLion againsl agrccmcnl by contract. In the evcnt that any provision or clause of this Security InslIument or the Note conflicts with Applicable Law, such conflict shall not affect othcr provisions of this Security Instramcnt or thc NolC which can bc givcn cffect without thc conflicting provision. As used in this Securily Instrument: (a) words of thc masculinc gcnder shall mean and include corresponding nCUlcr words or words of thc fcminine gcndcr; (b) words in thc singular shall mean and include tlle plural and vice versa; and (c) the word "may" givcs sole discrction without any obligation lO lake any acLion. 17. Borrower's Copy. Borrower shall be given one copy of thc Note and of this Security InslIument. 18. Transfer of the Property or a Beneficial Interest In Borrower. As used in this Section 18, "Interest in the Property" means any Icgal or beneficial interest in the Property, including, but not limited to, those bencficial interests transfcrred in a bond for deed, contract for deed, installment sales contracl or escrow agreement, the inlenl of which is the transfer of title by Borrower al a fulurc dalC lo a purchaser. If all or any part of the Property or any Interesl in the Propcrly is sold or transferred (or if Borrower is nol a natural person and a beneficial interesl in Borrowcr is sold or transfcrred) witllOul Lender's prior wrilten consenl, Lender may require immediale payment in full of nil sums secured by tllis Security Instrumcnt. However, this option shall nOl be exercised by Lender if such exercise is prohibited by Applicablc Law. If Lender exercises this opûon, Lender shall give Borrower noLice of acceleration. The notice shnll provide a period of nOl less than 30 days from lhc date the notice is givcn in aecordancc with Scetion 15 within which Borrower musl pay all sums secured by this SecuriLy Instrumcnt. If Borrowcr fails lO pay tllese sums prior lO the expiration of this period, Lender may invoke any remedies permilled by lhis SecuriLy Instrument without furthcr noûce or demand on Borrower. 19. Borrower's Right to Reinstale Afler Acceleralion. If Borrower meets certain conditions, Borrower shall have the righllo havc cnforccmcnl of this Securily Instrument disconLinued at any ûme prior lo the earliest of: (a) five days beforc sale of the Property pursuanl to any power of sale contained in this Securily Instrumenl; (b) such other period as Applicable Law mighl specify for tlle tennination of Borrower's right to reinstale; or (c) entry of a judgment enforcing this Securily InstrumenL Those condiûons are thal Borrower: (a) pays Lender all sums which then would be due under this Securily Instrument and the Note as if no acceleraûon had occurred; (b) cures any defaull of any other covcnants or agreements; (c) pays all expenses incurred in enforcing this Securily Instrument, including, but not limited to, reasonable allomeys' fecs, properly inspection and valuation fees, and other fees incurred for the purpose of prolCCûng Lender's interesl in the Property and rights under lhis Security Instrumenl; and (d) lakes such acûon as Lender may reasonably require to assure thal Lender's interesl in the Properly and rights under this Securily Instrument, and Borrower's obligation to pay the sums secured by this Sccurity Instrumcnt, shall conûnue unchanged. Lender may require thal Borrower pay such reinstatement sums and expenses in one or more of tlle following forms, as selecled by Lendcr: (a) cash; (b) money order; (c) certificd check, bank check, trensurer's check or cashier's check, provided any such check is drawn upon an insûluLion whose deposils are insured by a federnl agency. instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstalemenl by Borrower, this Security InslIUment and obligaûons secured hereby shall remain fully effective as if no acceleraûon had occurred. However, tl1is right to reinSlate shall not apply in the case of acceleration under Secûon 18. 20. Sale of Nole; Change of Loun Servicer; Notice of Grievance. The Nole or a partial intercSl in tlle Note (lOgether with this Securily Instrument) can be sold one or more Limes without prior noûce lO Borrower. A sale mighl resuIl in a change in the entity (known as tllC "Loan Servicer") thal collects Periodic Payments due under the Note and this Securily Instrumenl and performs other mortgage loan servicing obligations under the Note, this Securily Instrument, and Applicable Law. Therc also might be one or more changes of tlle Loan Servicer unrclaled to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the nnme nnd address of the new Loan Servicer, tlle address to which payments should be made and any othcr information RESPA requires in connecûon with a .-6(WY) (00051.01 .., ~ Inlllall:_ Pao- 11 DI15 Form 3051 1/01 '" .....J.. 000370 OS2r;87~ 249621076 notice of transfer of servicing. If the Note is sold and thereafler the Loan is serviced by a Loan Servicer other than the purchaser of the NOIe, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not ussumed by the Note purchllser 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 litigant or the member of a class) that arises from the othcr party's actions pursuant to this Security Instrumenl or that alleges thaI the other party has breached any provision of, or any dUly owed by reason of, this Securily Instrument, until such Borrower or Lender has notilied the other party (with such noticc given in compliance with the requirements of Section 15) of such alleged breach and afforded the olher pany hereto a reasonable period after the giving of such notice to Inke corrective action. If Applicablc Law provides n time pcriod which must clapsc beforc ccrUlÏn action can be Inken. that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acccleration given to Borrower pursuant 10 Section 18 shall be deemed to satisfy the notice and opportunity to Inke corrective action provisions of this Section 20. 21. Ha7J1rdous Substances. As used in this Section 21: (a) "Hazardous Subslallces' arc those subslallces delined as toxic or hazardous subsll\l1ces, pOIlU¡¿mlS, or wasles by Environmental Law and the following subsutnces: gasoline, kerosene, other ßammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of Ihe jurisdiction where the Propeny is loealed thaL relme to health, safeLy or environmenUll proteCtion; (c) 'Environmental Cleanup" includes any response action, remedial action, or removal action, as delined in EnvironmenUll Law; Md (d) an "Environmental Condition" means a condition Ihal can cause, contribute to, or otherwise uigger an Environmental Cleanup. Borrower shall not cause or permiL tha presence, use, disposal, storage, or release of any Hazardous Subsll\l1ces, or threaten 10 release any Hazardous Substances, on or in Ihe Properly. Borrower shall nOl do, nor allow anyone else LO do, anything affecting the Propeny (a) thnL is in violation of any Environmental Law, (b) which creates an Environmental Condition. or (c) which, due to Ihe presence, use, or release of a Hw.ardous Substance. crcates a condition thaLadversely affects the value of tha Properly. The preceding two sentences shall nol apply to the presence. use, or sLorage on the Property of small quantities of Hazardous Subslallces thaI are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but notlimiled 10, hazardous subslallces in consumer products). Borrower shall promptly give Lender wriuen notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private parly involving Lha Properly and any Hazardous SubSlallce or EnvironmenUll Law of which Borrower has actual knowledge, (b) MY Environmental Condition, including but not limited to. any spilling, leaking. discharge, release or threat of release of any Hw.ardous Substance, and (c) any condition caused by the presence, usa or release of a Hazardous SubSlallce which adversely affects the value of the Property. If Borrower learns. or is noûlied by any govemmenUll or regulatory authority, or any private party, that any removal or other remediaûon of any Hazardous Substance affecting the Propeny is necessary, Borrower shall prompLly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shull create any obliguûon on Lender for an Environmental Cleanup. In"I.I.:~ Form 3051 1101 . -S(WVI (00051.01 iIJ Pag_ 12 Dr 15 ,.. /, ... .. n._ ,0(,:''''1 .~. 4.. i{~,1 ~.~Ò . OS2r78,,";~ 249621076 NON-UNIFORM COVENANTS. Borrowcr nod Lendcr furthcr covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to norrower prior to acceleration following Borrowcr's breach of any covenant or agreement in this Security Instrument (but not prior to accelcratlon under Section 18 unlcss Applicable Law providcs othenvise). The notice shall specify: (a) the default; (b) the action required to cure the defoult¡ (c) a date, not less than 30 days from the date the notice is given to norrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result In acceleration of the sums secured by this Security Instrument and sale of the Property. The notice sholl further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default Is not cured on or before the date specilled 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 powcr of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expcnse.~ incurred in pursuing the remedies provided in this Section 22, including, but not limitcd to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclosc to Borrowcr and to the person in possession of the Property, If different, in accordance ,vlth Applicable Law. Lender shall give notice of the sale to Borrower In the manner provided in Seetlon 15. Lender shall publish the notice of sale, and the Property shall be sold In the manner prescribed by Applieable Law. Lender or its designee may purchase the Property at any sole. The proceeds of the sale sholl be applied in the following order: (a) to 011 expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Seoority Instrument; and (c) any excess to the person or persons legally entItled to it. 23. Release. Upon paymcnt of all sums secured by lhis Securily InSlrumcnl, Lcndcr shall rcleasc lhis Security InslrumcnL Borrower shall pay noy recordation costs. Lendcr mllY chargc Borrowcr 0 fee for rcleasing lhis Securily InstrUmenl, bUl only if lhe fee is paid lo a third party for scrviccs rcndercd and the charging of the fee is permittcd undcr Applicablc Low. 24. Waivers. Borrower releases and waivcs all rights undcr nod by virtue of thc homcslcad cxemption laws oC Wyoming. ~ Inlllal"_ Form 3051 1/01 .-6(WY) (0005).01 i ) Pao·,30115 " .~,.,." . :>::~ ~~ " ·:-.~L_;·.:~,:·:: ';;',;...:. .: ~ ..lIi) 1f):''''2 ~.U. 'òt, <J..Ji' ~..,1I .. OSì2td1~r; Si 249621076 BY SIGNING BELOW, Borrower IICceplS and ogrees to !he terms ond covenants contained in !his Security Instrument and in any Rider executed by Borrower nod recorded wi!h iL Wilnesses: ~ (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower ..S(wy) (00051.01 II> Pao. 1.( 0115 (Seal) ·ßorrower (Seal) -Borrower (Seal) -Borrower (Seal) -Darrower (Seal) -Borrowcr Form 3051 1/01 OO^ """"13 ...~". '\Ji r..~ t 032t';S7~ n If1I ~ ^...., '1 t=;.~? ,~, '()., ........1 tJ l"jt 03Z~;ad~SI 249621076 STATE 011 WYOMING, County 5S: .'-~ The foregoing instrument was acknowledged before me litis c;J d4c.i tJ1 IY7 ~ .:l 007 by MICHAEL CRANFORD ((/ I) 1'''1 rr'- () .( ..J 0 , My Commission Expires: -I...' rC1ì LAURA L. AXFORD - NOTARY PUBLIC State of Wyoming r-~ - 01 County of Lincoln My Commission Expires ..6(WV) (00061.01 IB> In"I'I.:~· Paue 160116 Form 3051 1/01 .' ..',...... "r.>,. ..j'.,';." EXHIBIT A LOT 33 OF RIVER VIEW MEADOWS ADDITION TO THE TOWN OF ALPINE, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT FILED ON mL Y 2, 1993 AS INSTRUMENT NO. 767416 OF THE RECORDS OF LINCOLN COUNTY CLERK.. j' , . , . , ,¿ . , 003375 OS2";S?~ .;;'" .' . ,