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HomeMy WebLinkAbout928093 ~~. ,"1\' ~', t~ :':", . : ~a '..' RECEIVED 4/212007 at 4:32 PM RECEIVING # 928093 BOOK: 653 PAGE: 263 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER. WY (Space Above This Line For Recording Da") MORTGAGE DEFINITlONS Words UBed in multiple sections ofthis document are defined below and other words are defined in Sections 3, 11. 13. 18,20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated all Riders to this document. (8) "BoITO'Mr" is Delton L Tln.ley, a married penon . ----' 1DgetI1erwitb Borrower is the mortgagor under this Security Instrument. (C) "Loder" is Platte Valley National Bank . Lender is a National Bank organized øod existing under the laws of The United States oC Amerie8 Lender's address is 200 16tb Street P.O. BOI; 337 Wheatland, WV 81101 Lender is the mortgagee under this Security Instrument. (0) "Note" means the promissory note signed by Borrower and dated . _. The Note stales that Borrower owes Lender SIKty Thousand and 00/100 Dollars (U .S. $60.000.00 ) plus interest. Borrower bas promised to pay this debt in regular Periodic Payments øod to pay the debt in full not later than (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (F) "Loan" means the debt evidenced by the Note, plus interest, øoy prepayment charges øod late charges due un<!cr the Note, and all sums due under this Security Instrument, plus interest. (G) "RIden" means all Riders to this Security Instrument that are executed by Borrower. The fullowing Riders are to be executed by Borrower (check box as applicable]: o Adjustable Rate Rider o Balloon Rider o 1-4 F8Ißily Rider o Condominium Rider o Pløoned Unit Development Rider o Biweekly Payment Rider !XI Second Home Rider o Other(.) [.~] (H) "Applicable Law" mean. all controlling applicable fèderal, state øod local statutes, regulations. ordinances and adm1nistrativerules øod orders (that have the effi ct oflaw) as well as all applicable final, non-appealable judicIal opinIons. (I) "Community Association Dues, Fees, and Alleuments" means all dues, fèes, assessments and odIcrcbaraesthllure imposed on Borrower or the Property by a condominium association, homeowners association or similar orgøoTzatiOD. (J) "Electronic Fu.ds TransCer" meansøoytrøosfer offunds, other than a transaction originated byd1eck. draft, or similar paper instrument, which is initiated throu~ øo electronic terminal. telephonic instrument, computer. or mapetic tIIpO so as to OrderJ instruct. or llUthorize a tinanciallnstitution to debit or credit øo account. Such term includes, but II not Iiniited to. point-or:.øaJe trøostèrs, automated teller machine trIIJ1S8Ctions. trøostèrs Initiated by telephone, wire transtas,... autmIIIIcd clearinghouse trøostèrs. (K) "&cruw Items" means those items that are described in Section 3. 5"Mþeellaueou. Proceeds" means øoycompensation, settlement, award of damages, orproc:eeds paid bylBl)'thlnl party other than Insurance proceeds paid under the coverages described in Section 5). fur: (I) ~e to. or destruction of, the ,(ll)condemllation or other taking of all or øoy part of the Property; (lit) conveyance Iß lieu ofcondeumatiOD; or (iv) misrepresentations of, or omissions as to, the value øodlor condition orthe Property. (M) "Mortgage IMurance" means insurance protecting Lender against the nonpayment of; or defiuh on, the Loan. (N) "Periodic Payment" means the regularly scheduled 8Ißount due fur (i) principal and interc8t under the Note, plus (Ii) any 8Iß01D1ts under Section 3 of this Security Instrument. (0) "RESPA" mean. the Real Estate Settlement Procedures Act(12 U.S.C. §2601 etseq.)m1l1sinp\emenling~ Regulation X (24 C.F.R. Part3500). as they might be lIIDended fi'om time to time, or øo~ additional or successorlllJlllatlon or regulation that goycrt1I! the same subject matter. As used in this Security Instrument, 'RESP A" rem to all requnments and restrictions ~ are imposed in regard to a "fèdcrally rehtted mortgage loan" even if the Loan does not qitality as a "federally related mortgage loan" under RESP A. (p) "Suecessor In Interest orBorrower" means any pm.t)' that hils taken title to the Property, whether or not that putyhas assumed Borrow:ér's obligations under the Note øodlor thiS Security Instrument. WYOMING-SinsI. F.mily-F...I. Moe/Ji'reddle Mae UNIFORM INSTRUMENT F_ 3051 1101 /PÐP 1 of1 pagu) 97ag.ev (4IM) Cnadv. nle..... I... l 000263 0010(001_) ---_._- ------.--, L ;~: ;~:0928093 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifIcaIions of the Note; and (ii) the perfunnance of Borrower' s covenants and agreements under this Security InsIrument and the Noœ. For this pwposo, Borrower does hereby mortgage, grant and convey to Lender and Lender's suc:cessors and assigns, with power of sale, the rolloWlng described property located in the County of [Type of Recording Jurisdiction] Uneoln [Name of Recording Jurisdiction] Lot 33 or Star Valley Ranch Plat 17, Lincoln County, Wyomlnaas described on the official plat thereor. which currently has the address of 130 Last Chanee Drive [Street] - Stu Vaney Ranch , Wyoming 83127 ("Property Address"): [City] [Zip Code] TOGEnlER W1TII all the improvements now or hereafter erected on the property, and all easements, 8p~ and fixtures now or hereafter a part of the p~. All replacements and additiOllS sha1I also be covemI by this Security Instrument. All of the furegoing IS referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby convayed 8I1d has tho rigbt to mortgage, grant and convey. the Property and that the Property is unencumbered. except fur encmnbl'8l1ces of record. BorroWer warrants and will defend generølly the title to the hoperty against all claiJris and demands, subject to any encmnbrønc:ea of record. TInS SBCURITY INSTRUMENT combines unlfunn covenants fur natill1Ull use and non-unlfunn COYeIIIDB with limited variations by jurisdiction to constitute a unironn security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as rollows: 1. Payment orPrlndpal, Interest, Escrow Items, Prepayment Cbarges, and late Charges. Borrower shaIJ pay when due the principal of; and interest on. the debt evidenced by the Note and any prepayment charges and late charges due IDJder the Note. Borrower shall also pay funds ror Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may mtuiro that ~ or all sutisequent payments due under the Note and this Security Instrument be made m one or more of the rollowing fuíms, as selected by Lender: (a) cash¡ (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided ~ such check is arawn upon an institution whose deposits are insured by a federal agency, instntmen1aIIty, or entity; or (d) Electronic Funds Tl'8I1sfer. P8)'IIIOIIts are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in S-ection I S. Lender may return any payment or partial pll)'l11ent if the pa)'1i1ent or partial payments are insufficient to bring the Loan current. Lender IDII)'øccept my ~ent or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rigtits to refuSe such payment or partial parn!ents in the future, but Lender is not obligated to apply sucb payments at the time Such payments are accepted. If each Penodic Payment is applied as of its scheduled due date, then I..eoaei' need DOt pay interest on unapplied funds. Lender may hold such unapplied fiirids until Borrower makes l'R)'DIOIIt to bring the Loan CII'I'eI1t. If Borrower does not do so within a reasonable period of time, Lender shall either ap lty such fimds or return them to Borrower. Ifnot applied earlier. such funds will be applied to the outstanding principal &8Iance under the Note immediately prior to fureclosure. No otlìet or claim which Borrower might haYl now or in the future against Lender shall relieve Borrower fi'om making payments due under the Note and tfiis Security Instrument or pertDnning the covenants and agreements secured by tillS Security Instrument. 2. Application or Payments or Proceeds. Except as otherwise described in this Section 2, all payments , accepted ¡and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shan be applied to each Periodic Payment m the order in which it becimie due. Any remaining amounts shall be applied first to late charges. second to any other amounts ~ under. this Security Instrument, and then to reduce the principal balance of the Note. . , r If Lender receives a payment fi'om,Borrower lOr a delinquent Periodic Payment which includes a sufficient amount to pay 8I1Y late charge due, the payment may be applied to the delilKJ.uént payment and the late charge. If more than one Periodic Payment is out8tanding, Lender may apply any payment receiVed fi'om Borrower to the I'Cp8)'I1IOI1t oCthe Periodic WYOMING-liIß lel'omIly-h_ M...........d.. Moc VNIFORM INSTRt;MENT _3081 1/111 )oøp 1 D/1 ~ 9789_CV (41VS) CIa"". nJaId... .... 000264 001'0(00151>009) ~> ,~ . ·328093 '.. ".. Payments it; and to the extent Úlat, each payment can be paid in full. To the extent that any excess exists after the payment is epplied to the full payment of onc or more Periodic Payments. such CXÇ05S may be II I >lied to any late ch8rges due. VoluIØy prepayments shall be applied first to any prepayment charges and then as described in the Note. Any epplication of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Noœ shall not extend or postpone the due date. or change the amount, of the Periodic P~ts. 3. hàcla for Escrow Items. Borrower shall ~to Lender on the day Periodic Payments are due lllderthe Noœ, until the Noee is paid in full, 8 sum (Úle "Funds") to proVIde fur payment ofllDounts due fur: (8) taxes and IlleSlments and other items which can attain priority oWl'this Security inI1rument IS a lien or encumbrance on the Property; (b) leasehold pll)'lllfJllts or ground rents on the PropertY" if any; (c) premiums fur any and all insurance required by Lcriderinter Section s; iInd (d) M~ Insurance premiums, n any, or any sums payable by Borrower to Lender m6euofthepaymentofMDrtpge Insunnce prenuums in accordance with the provisions ofS'eclion 10. These items are called "Escrow 1iaí1s." Atorigination '.....:. <..1.'." .". orat beany~.~~inbg the term oftheandLoan. Lender may require that Community Association Dues, Fees. IBId AssessmenIs, if , _ any, ......u.."" r. Borrower, such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly fulnish to Lender aI notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds tbr Escrow Jœma unless Lender waives Borrower's obligation to pay the Funds fur any or alll!scrow Items. Lender may waive Borrower's obligation to pay to Lender Funds fur any or all Escrow Items at any time. Any such waiver may only be in writing. In the event oflUCh waiver, Borrower shall pay directly, when and where payable, the amounts due fur any &crow Jœms fàrwhich pI)1IICnt of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such pl)11lent within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall fur all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the pInse "coveaaot and ~ent" is used in Section 9. If Borrower is obliøted to pay Escrow Items directly, pmsU8llt to a waiver, and Borrower fillls to pay the amount due fur an Escrow Item, Lena-er may exercise its riahts IUIder section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay 10 Lender any sucñ 8I11Ount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section I S and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to IPplythe Funds at the time specified IUlder RESP A, and (b) not to exceed the maximum amount a lender can l'CI(ulre under Kl!SP A. Lender shall estimate the 8I11Ount of Funds due on the basis of current data and reasonable estimates ofexpendituns offùbn Esaow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insW'ed by a federal agency, instrumentality, or entity (includina Lender, if Lender is an institution whose deposits are so insW'ed) or in any Federal Home loin Bank. únder iIhaß apply the Funds to pay the Escrow Items no later than the time specified under RESP A. Lender shall not charge Borrower fur holding and epplying the Funds. annually anslyzing the escrow account, or veritÿing the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an a¡reement is inaide in writing or Applicable Law requires interest to be paid on. the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however. that interest shall be paid on the Funds. Lender shall give to Borrower, without chlU'ge, an annual accounting oCthe Funds as required by RESPA. If there is asurplus ofPunds held in escrow, as defined under RESPA, Lender shall account 10 Borrower fur the exceøs IImds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notiJy Borrower as required by RESPA, and Borrower shall pay to Lender the 8I11OIUIt necessary to make up the short8¡e in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESP A, Lender shall notifY Borrower as required by RESP A, and Borrower shall paylo Lender the amount necessary to make up the deficiency in accordance with RESP A, but in no more than 12 monthly payments. Ul?on payment in full of all sums secured by this Security Instrument, Lender sh¡¡1I promptly refund to Borrower any Funds held by Lender. 4. Cbarges; Uens. Borrower shall pay all taxes, assessments, charges, fines, and impositions lIttributable to the Property which can attain priority over Úlis Security Instrument, leasehold payments or ground rents on the Property, ifany, and Community Association Dues. Fees, and Assessments. if any. To the extent Úlat these items are Esaow Iterñs, IIorrowér shall pay them in the manner provid~ in Section ?'. . . . . Borrower shall promptly d'schlU' !e any hen which has prlonty over thiS Security instrument unless Borrower: (a) agrees in writin.& 10 the payment of the obhgation secured by the lien in a manner acceptable to Lender, b. ut only. so long as Borrower is perronning such agreement; (b) contests the lien in good làith by, or defends ~t en1brcement of the Iier1 in, legal proceedings which in Lender's opinion operate 10 prevent the cnfurcement of the hen while those proceedings are øcißdiiJa. but only until such proceedings are concluded; or (c) secures fi'om the holder of the lien 811 = latis&ciøyto Lender-subordinating the lien to this Security Instrument. If Lender determines that any part of tile is subject to 8 lien which can attain priority over this SecUrity Instrwnent. Lender may give Borrower a notice IdentifYing e lien. Within 10 days of the date on which that notice is given, Borrower shall satisty ihe lien or take one or more of the aáÌons set furth abovci In this Section 4. Lender may require Borrower to pay a one-time charge fur a real estate tax verification and/or reporting service used by Lender in connection with Úlis Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafb:r erecIIXI 011 tho Property insured øpínst loss by fire, hazards included within the tenn "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, fur which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and fur Úle periods that Lender requires. What Lender requires punuant to the preceding sentences can change durin, the tenD of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender s right to disepprove Borrower's choice, which right shall DOt be exercised unreasonably. Lender may require Borrower to pay, in cOMection with this Loan. either: (a) a one-time charge fur flood moe detennination, certification and tracking services; or (b) a ono-time chlU'ge fur flood zone detennination and certification services and subsequent chlU'ges each time remappings or simillU' changes occur which reasonably might aflèct such deœnnination or certification. Borrower shall also be responsible fur the payment of any Ièes imposedòy the Federal Emergency Management Agency in connection wiÚl the review of any flood zone determination resulting &om an objection by ~Borrower fàils·to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefure, such coverage shall cover Lender, but might or mi~ not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, ha2ard or liability and might provide greater or lesser a than was previously in eftècl Borrower acknowledges that the coat of the insurance coverage so Obtained might s· . exceed th8 cost ofinsurance that Borrower could have obtained. AnyamolUlts disbursed by Lender underthis Section S beoome additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate fiom the date of disbursement and shall be payable, with such interest, upon notice fi'om Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to d~ve such policies, shall include a standlU'd mortgage clause, and shall name Lender IS mortgagee lIIKIIor IS an additional loss payee. Lender shall have the ril¡ht to hold tlte- policies and renewal certificates. IfLender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any rorm of insurance coverage, not otherwise required by Lender, for damage 10, or destruction ot; the Property. such policy shall include a standaiil mortgage clause and shall name Lender as mortgagee and/or IS an additional loss payee. WYOMJl'lG-Sin te Family-F..... M..,......d.. M.. UNIFORM INSTRUMENT F.... 3051 1101 (jIøp J of1""...) 9719.CV (4/05) Creolln nlDld..,IDe. 000265 OOTO(OOI_) O~28093 '..f " . In the eventofloss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof ofloss Ifoot made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, 811)' insurance proceeds, whether or not the underlYIng insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically tèasible and Lender's security is not lessened. During such repair and restoration $Lender shall have the ri2ht to hold such insurance proceeds Wltil Lender has had an opportunity to inspect such to ensure the work has 6een completed to Lender's satisfilction, provided that such inspection shiIIl be wIderta1œn prompt . Lender ~ disburse proceeds fur the repairs and restoration in a single payment or in a series of progress payments as the work IS completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees fur public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole oblf~on of Borrower. If the restoration or repair is not economically bible or Lender's security would be lessened, the lRSurance proceeds shall be app lied to thesums secured by this Securitr Instrument, whether or oot then due, with the excess, ifany, paid to Borrower. Such insurance proceeds shall be applied to the order provided fur in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle 811)' available insurance claùn and relaled maIten. Imorrower does not respond within 30 days to a notice IÌ'Om Lender that the insurance carrier has oftèred to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or ¡fLender acquires ihe Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Ins1rument, and (b) any other of Borrower' s rights (other than the ri2ht to any refund ofuneamed premiums paid by Borrower) under øII i_ policies covering Úle Property, inso1àr as suc1í rights are applicable to Úle coverage of the Property. Lender may use the in_ proceeds either to repair or restore the Property or to pay amoliDts unpaid under the Note or this Security Instrument, whetlier or not then due. 6. Oeeupancy. Bon-ower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after tho execution of this Security Instrument and shall continue to occupy the Prope!:o/ as Borrower's principal residence fur at least one year after the date of occupancy, unless Lender otherwise agrees in writín~ which conscotshaII not be unreasonably withheld, or unless extenuating Circumstances exist which are be)Vnd Borrower s control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall oot destroy, ~ or impair the Property, allow the Property to deteriorate or commit waste on Úle Property. Whed1erornotBmuwer is residing in the Property, Borrower shall maintain the Property in order to prevent Úle Property fi'om deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically tèasible, Borrower shall promptly repair the Property If damaged to avoid further détcrioration or damage. If insurance or condemnation proceeds are paid in coMedion with damage to, or Úle taking of, the Property, Bmuwer sb8II be responsible fur repairing or restoring the Property only ¡fLender has released proceeds fur such purposes. Lender ~ disburse proceeds fur the repairs and restoration in a single payment or in a series of progress payments as the work IS completed IfÚle insurance or condemnation proceeds are not sufficient to repair or reslOfe the Property, Borrower is not relieVed of Bon- ower's obligation fur the completion of such repair or restoration. Lender or its 8$ent may make reasonable entries upon and inspections of the Property. Ifi! has reasonable cause, Lender may inspect the Interior of the il!lP!'Ovements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specitying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in delàult if, during the Loan application process, Borrower or any persons or entities. actin¡¡ at the direction of Borrower or with Borrower's knowledge or coosent gave material,>, làlse. misleading, or inaccurate mfunnation or statements to Lender (or 1àiled to provide Lender with mati:riaI infunnation) in connection with the Loan. Material representations include, but are not limited to, represc:oIIIIioconceming Borrower's occupIUICy of the Prop~ as Borrower's principal residence. " ProtectiOD of Lender s Interest In tbe Property and. Rights Under ·tbls Seeurhllnatrument. If (a) Borrower 1àils to perfonn the covenants and agreements contained in this Security Instrument,~b) there is a legal proceeding that mi2ht significantly aflèct Lender's interest in the Property and/or rights UDder Úlis Security Instrument (such as a proceodinll in Dankruptcy, probate, fur condemnation or furlèiture. fur enfurcement of a lien which may attain priority oVa' this Securtty Instrument or to enfurce laws or regulations). or (c) Borrower has abandoned the Property, thonLender may do and pay fur whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property. and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has prioriI)' OWl' this Security Instrument; (b) appearin ! in court; and ( c) paym ! reasonable attorneys' 1èes to protect its interest m the Property andIor rights under thIS SecUrity Instrument, including Its secured position in a bankruptey proceeding. Securing the Property includes, but is not limited to, entering Úle Property to make repairs, change locks, replace or boai'd up doori and windows, drain water fi'om pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is oot under I!'!Y duty or obligation to do so. It Is agreed that Lender incurs no liability fur not taking 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 Security Instrument. These amounts shall bear interest at the Note rate IÌ'Om Úle date of disbursement and shall be payable, with suCh interest, upon notice ftom Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. IfBmowa' acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage ÍDsunnce. If Lender required Mortgage Insurance as a condition of making the I.œn, Borrower shall pay the premiums required to maintain the Mortgage lnSurance in eflèct. ~ fur any reason, thO Mortgage 1_ coverage required by Lender ceases to be available &òin the mortgage insurer that previously provided suCh insurance and Borrower was required to make separately designated p8)IIIents toWard the premiun1s fur Mortgage InIu1mce, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insur8ocepreviously in eflèct, at a cost substantially equivillent to the cost to Borrower of the Mortgage Insurance previously in eftèct, Iì'om an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall cOntinue to pay to Lender the amount of the separately designated payments that were due when die insurance coverage ceased to be in etlèct. Lender will accept, use and retain these payments as a non-refundable loss reaerve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the 1àct that the Loan is ultimately paid in ful~ àDd Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments If Mortgage Insurance coverage (in the amount and fur the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments tOward Úle premiums fur Mortgage Insurance. If Lender required Mortgage Insurance as a cotiditIon oflllllkiDg the Loan and Borrower was required to maJ<e separately designated payments toward the premiums fur Mortgage Insurance, Borrower allall pay the premiums required to maintain Mortgage Insurance in effi:ct, or to provide a non-relùndable loss reserve, unill Lender's requirement fur Mort !age Insurance ends in accordance with any written agreanent between Borrower and Lender provIding for such termmation or until tennination is required by Applicable Law. Nothing in this Section 10 afIècts Borrower's obligation to pay interest at the rate provided In ihe Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) fur certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a l'arty to the Mortgage Insurance. Mortgage insurers evaluate tI1eir total risk on all such tßSurance in furce fi'om time to time, and may enter into agreements wiih Other parties that share or modifY their risk, or reduce losses. These agreements are on terms mil conditions WYOMING-Sln¡1e Pamily-Fa_ M......mIdle Mae UNIFORM INSTRUMENT F_3051 1/81 ¡pøp 4 <¥T"""; 97B9.CV (4JOS) Creatltoe nl.Id....... 000266 GOTO(OOISb009) .. " ·u~~~u~~ -, ~.. \..~ that are satislìctory to tile mortgage insurer and the other party (or parties) to these agreements. These øgreemenIS may require tile mortgage insurer to mike payments using any source of funds thai the mortgage insurer may haw available (which may "Iude funds obtained ftom Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of tile Note, another insurer any reinsurer, any oIber CIIIity, or any affiliate of any of the furogoing, may receive (directly or indirectly) amounts ihat derive fiom (or miJht be cbarai:terized 88) a portion of Borrower's payments fur Mortgage Insurance, In exchange fur sharing or modlfÿiilg tile ~ insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the ~urer s risk in exchange fur a share of the premiums paid to the insurer. the arrangement Is often termed "captive reIJlBUI'III1Ce." Further: (a) Any sueh agreements will not alreet the amounts tbat BOl'l'OMr has agreed to pay fur Mortpge Insunnee, or any otber terms of tbe LotIn, Sub agreements wiD not Inerease tbe amount Bol'l'OMr will owe tor Mortple Insunnee, and tbey will not entitle Borrvwer to any refund. (b) Any sueb agreements will not alreet the rights Bol'l"OWer has-lfany - with respect to tbe Mortple Insunnee under the Homeownen Proteetlon Ad of 1998 or any other III1\', These rights may Inelude the ....ht to reeelve eenaln dlselOlures, to request and obtain eaneellatlon of the Mongage (nsunnee, to have the Mortple InlUnnee terminated automatleally, and/or to reeeive a refund of any Monlage IBlunnee premlnms that were u.earned at tbe time ohueh eaneellation or termination. H. AIIlgnment ofMiseellllneous Proeeeds; Forfeltu.... All Miscellaneous Proceeds are hereby888igtìed.toand shall be paid to Lender. . lfthe Property is damaged, such Miscellaneous Proceeds shsll be applied to restoration or repair ofthel'ropertf, if the restoration or repair is economically tèasible and Lender's security is not lessened. During such repair and restonttìon $Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to Inspect such to ensure the work has been completed to Lender's satislàctlon, provided that such inspection shall be undert8ken promp . Lender may pay fur the repairs and restoration in a single disbursement or in a series of progress payments 88 the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be Paid on such Miscellaneous Proceeds. Lender shall not be required to pay BOlTower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender'ssecurity would be lessened, the MIscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking. destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess. ifany, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fàir m8rltet value of the Proøerty immediately befure the partial taking, destruction, or loss in value is equal to or greater than the amountoftbe SIDIIS secûrecfby this Security Instrument immediately befure the partial taking, destruction, or Toss in value, unless Borrowa' and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following !faction: (a) the total amount of the sums secued itñmediaœIybeiJrethe partial taking, destruction, or loss in value divided liy (b) the fàir market value of the Property immediately befurethe partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fàir market value of the Property immediately befure the partial takin~ destruction, or loss in value is 1ess- than the amount of the sums secured immediately befure the partial takmg, destruction, or 100s in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. .' . lfthe Property is abandoned by BOlTower, or if, ølter notice by Lender to Borrower that the Op~ (88 defined in the next sentence) oflèrs to make an award to settle a claim fur IS, Borrower filils to re to LeDder within 30 days after the date the notice is given, Lender is authorized to coll:::f apply the Miscellaneous either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Pany" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower haS a rigbt of action in regard to Miscellaneous Proceeds. Borrower shøll be in delilUlt if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in furtèiture of the Property or other material imtlainnent of Lender's Interest in the Propertyor riabIs ímdër this Secwity Instrument Borrower can cure such a delilUlt and. If aœeleration has occurred, reinstatorec:'rvideà In SectiOlll9, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgntent, (I fbrtèittn of the Property or other material impairment of Lender's interest in the Property or rights under thiS Security JnaIrumeut. The proceeds of any award or claim fur damages that are attributable to the impairment of Lender's Interest ÎIÍ the Property are hereby 88siJtDed and shall be paid to Lender. An MiscellanOOl!S Proceeds thai are not applied to restoration or repair of the Property shall be applied in the order provided fur in Section 2. . 12. Borrvwer Not Released; Forbeannee By Lender Not a Waiver, Extension of the time fur payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to 8orrowa' or 1m)' S_ in Interest of Borrower shall not operate to release the liability of BOlTower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time fur payment or odierwise modifY amortization of the sums secured by this Security Instrument by reason oflBl)'dcmand made by the original Borrower or any Successors in Interest of Borrower. Any furbearance by Lender in exacisinganyright or remedy including, without limitation. Lender's acceptance of payments fi'om third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Uabillty; Co-sl~ers; Successon and Aallgns Bound. Borrowerc:ownanllandagrees that Borrower's obligations and liability shall be Joint and several. However, any Borrower who co-signs this Security Instnment but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrwnent; (b) is not personallyöbligatod to ~the sums secured by this Security Instrument; and ( c) agrees that Lender arid any other Borrower can agree to extend, módltY, furbear or make any accommodations with regard to the terms of this Security Instrument or the Naill Withoutthe c0- signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this SeCurity Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefi1j under this Security Instrument Borrower shøll not be released fiom Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrumentahall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14, Loan Charges, Lender may charge Borrower fees fur services perfòrmed in connection wItb Borrowa"s defàult, fur the purpose of protecting Lender's interest in the property and rightS under this Security lnstnunent, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of cøcpreas authority In this Security lnstnunent to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees thai are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan char~es, and that law is finally Interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the perinltted limits, then: (a) WYOMING-51"', Family-F._ MlI<IFroddlc Mac UNII'ORM INSTRUMENT F.... 3111 1/01 ¡p..p S ./7 _oj 9759.ev (4105) C....tIv. n18....,.... 000267 001'0(001_) I ':,028093 lilY such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; ønd (b) any SIDIIS airead)' collected fi'om Borrower which exceeded pcnnitted limits will be retìmdcd to Borrower. Lender maycboœeto IIIIke this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces princi~ the J;eduction will be treated as a partial prepll)ment without any prepayment charge (whether or not a prep8)mCI1t Charge IS provllled fur under the Note). Borrower' s ac~tance of any such refund made by direct plI)ment to Borrower will constitute 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 connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have becnglval1D~ when mailed by first class mail or when actually delivered to Borrower's notice address ¡fsent by other means. Notice to 1m)' one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly reqUIl'es otherwise. The notice address shall be the Property Address unlcss Borrower has desiimated a substitute notice ilddress by notice to Lender. Borrower shall promptly notify Lender of Borrower's change oÍaddress. If Lender specifies a procedure fur reporting Borrower's cIuu1ge of address, then Borrower shall only report a change of address throUgh that specified procedure. 'IbcrO may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unlcss Lender has designated 8nother address by notice to Borrower. Any notice in connection with this Security InS1nlment shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisty the corresponding requirement under this Security Instrument. lei. Governing LaW; Severability; Rules of Construction. This Security Instnønent shall be governed by fedcrallaw and the law of the jurisdiction in which the Property is located. All rights and obligations contained in thiS Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitlyIII' implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Noll: cIJnftIcts with Applicable Law, such conflict shall not affi:ct other provisions of this Security Instnlment or the Note which can be given efœct without the conflicting provision. As used in this Security Instnlment: (a) words of the masculine gender shall mean and includccorrespondingneulcr words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; anèI(c) the word "mIlY" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy ofthe Note and of this Security Instrument. 18. Transfer or the Property or a Beneflcl.1 Interest In Borrower. As used in this Section 18, "Jnœrest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transfmTed in a bond fur deed. contract fur deed, installment sales contract or escrow agreement, the intent ofwbich is the trans& of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or ifBorrower is not a natural person and a beneficial interest in "Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate plI)ment in full of all sums secured by this Security Instrument. HowCYe. r, this option shall not be oxcrcised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period ofnot less than 30 days ftom the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower filils to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security Instrument without further notice or demand on Borrower. 1'. Borrower's RIght to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enfurcement of this Security Instrument discontinued at any time prior to the earliest of. (a) live days betbre sale of the Property p'ursuant to any power of sale contained in this Security Instrument; (b) such other period IS Applicable Law might Specify fur the tenDlnation ofBorrower's right to reinstate; or (c) entry of a Judgment enfui'cing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any defilult ohny other covenants or agreements: (c) pays.all expenses incurred in enfurcing this Security Instrument, including. but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred fur the purpose of protecting Lender's interest in the Property and rights under this Security Instnlment; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and riRhts under this Security Instnlment, and Borrower's obligation to pay the sums secured by this Security Instrument, shalT continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the fullowing funns. as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, thIS Security Instrument and obligations secured hereby shall remain fully effective as ¡rno acceleration had occurred. However, thiS right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale or Note; Change ofLo.n Servlcer; Notice of Grievance. The Note III' a partial interest in the Note {together with this Security Instrument). can be sold one or more times without prior notice to Borrower. A sale mightresu1t m a change in the entity (known as the 'Loan Servicer") that collects Periodic Payments due under the Note and thiS Security Instrumei1t and perfunIts other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also miRht be one or more changes of the Loan Servicer unrelated to a sale of the 'Note. If there is a change of the Loan Servicer, Iforrower wiII be given written notice of the change which will state the name ønd address of the new Loan Servicer, the address to which payments should be made and any other infunnation RESP A requires in connection with a notice ofttansœr ofservicing. Ifibe Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note. the mortgage loan servicing obligations to Borrower wiD remam with the Loan Servicer or be translèrred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaserÑeither 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 fi'om the other party's actions pursuilnt to this Security Instrument orlbat alleges that the other party has breached any provision of, or any duty owed by reason ot: this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and affurded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a lime period which must elapse befure certain action can be taken, that time period will be deemed to be reasonable fur purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Seètion 18 shall be deemed to satisfy tile notice and opportunity to take corrective action provisions of this Section 20. 21. HlZllrdous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the fullowing substances: gasoline, kerosene, other flammable or toxic petroleum products, toXIC pesticides and herbicides, volatile solvents, niateriaIs contain~ asbestos or furmaldehyde. and radioactive materials; (I» "Environmental Law" means federal laws and laws of the juriscbction where the Property is located that relate to health, salèty or environmental protection: (c) "Environmental Cleanup" includes any resp,OIISe action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition' means a condition that can cause. contribute to, or otherwise trigger an EnvironmentaI Cleanup. WYOMIN~nøl. fomily-FauIe Maclf....d.. M.. UNIFORM tNSTRUMENT 9759.CV (' ¡o5> Fo...30S1 1101 (pap 6 0/7 __) Crudve nllkl.., II" 000268 OOTO(OOI!_> O~Z8 :'93:' .. \...-: .. 'to ; .. _ Borrower shall not cause or permit the presence, use, disposal, storage, or release ofany Hazardous SubsIances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do. anything alrecting the Property (a) that is in violation of any EnVll'Oll/llental Law, (b) which creates an Environmemal Condiûon, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely aftiIcts the value of the Property. The preceding two sentences shall not apply to the presence, use, or storøge on the Propeny of small quantities of Hazardous Substances that are generally recognized to 'be appropriate to nonnal resiìlential uses aDd to maintenance of the Property (including, but not limited to, hBzardõus substances In consumer products). Borrower shall promptly give Lender written notice of (a) an)' mvestigation, claim, demand,lawsuitorolhermion by any governmental or regulatory agency or private party involvmg the Property and. any Hazardous Substance or Environmental Law of whicli BOITOwer has actual knowledge, (b) any Environmental Conditia1, Including but not IimIœd to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any coml'ltion C8IISed bydte preII!IIcc, use or release of a Hazardous Substance which adverselyaflècts the value of the Property. IfBorrowa' Ieøms, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation ohny Hazardous Substance affi:cting the Property is necessary, Borrower shall promptly take all necessary remedial actioll!! ill.. acœrdance with Environmental Law. Nothing herein shall create any obligation on Lender fur an Environmental Cleanup~ NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as fullows: %%, Acceleration; Remedies. Lender shall give notice to Borrower prior to aeceleratloD foDowlDg Bofl'lJMr's breach of aDY covenant or agreement In this Secnrity Instrument (but not prior to aeceleratlon Bader Seetlou 18 unless Applicable Law provides otherwise). The uotlce shaU specify: (a) the default; (b) the aetloD required to cure the default; (e) I date, not leu than 30 days from the date the notice Is glvea to Borrower, by~ tbe default must be eured; IDd (d) tbat faUure to cure the default on or before the date spec:Ißed In the norice may result In aeceleration of the sums secured by this Security Instrument and sale oUhe Property. The DOtlce sbaD fartber luform Borrower oftbe right to reinstate after aeceleration and the right to brioga c:ourtaeüoa to a.rithe Do_listenee ora default or any otber defeDIe of Borrower to aeceleratlon and sale. Iftbe default Is not cured 011 or before the date spec:lßed in the notice, Lender at ita option may require Immediate payment ill fun of all sums secored by this Security Instrument without further de..and aDd may IDvoke the power of sale aDd any otber remedies permitted by Applicable Law. Lender shall be entitled to eollect all expenses Ineurred In pu....lng tbe remedies provided In this Section %%,Includlng, bat aot Umlted to, reasonable attorneys' fees and costa oCtltle ~We_ I [fLender Invokes the power ohale, Lendershall give notice oflntentto foreclose to Borrower aud to tbe person In possession of the Property, If different, in acconlan~e with Applicable Law. Lender shall give notice of the slle to Borrower1n the manner provided In Section 15. Leader sball publish tbenotlce ofsale, and Ibe Property shall be sold in t~e manner prescribed by Applieable ùw. Leader or Ita designee may purchase the Property at any sale. The PnK1leds of the sale shall be applied ID tbe followlDg order: Ca) to aD e:lpenses ofthe slle, includIng, but not limited to, reasonable attorneys' fees; (b) to aU sums secured by tbls Sècurity Instrument; and (e) any e~cess to the¡enOn or tenons legally entitled to It. D. Release. Upon payment of all sums soc. ure by this S urity Instrument, Lender shall release this Security Jnstnønenl Borrower shall pay any recordation costs. Lender ma charge Borrower a fee fur releasmg this Security Instrument, but only if the ree is paid to a third party fur services ren{lered and Ibe charging oflbe fee is permitted UDder Applicable Law. ' I %4. Waive.... Borrower releases and waives all rights under and by virtue oflbe homestead exemption laws of W)Oming. -, i BY SIGNING BEWW, Borrower accepts and agrees to the terms ~enants contained in this Security ~tandinanYRid~~x~~ed,b:Borrowerandr wi~i ~ ~(¿ " WitDesses: . . ..-. - ' ,'. I I~"~\ ' ,. ~ (Sell) (Sell) Borrower (Seal) Bonower [Space Below This Line For AekDowledgment] STATE OF I\r.J lOI'YJ"~ ,/Vaff'lfY1./J COIU1tySS: On this 1U/Jday of /'1 0 r;. ~ ' 2 ~lI? ,befure me, the undersigned, a Notary Publjç in and fur said State, personally appearéd / .' .:; " d 'r. J1 d f1i/ 7 " ~ J Ie..." . / ~to ) (or proved to me on the basis ofsatislàctory evidence) to be the person(s) whose name(s) the furegoing instrument and acknowledged that lie I executed the same. signature~~,~~1dß ¿~,~ L /111 J,. 1'1 c I-a II - {lJ(Hlf>l Name (typed or printed) 10/Zt/Zr08 Form 3851 1101 (pap 7'11 7 ~ Cnallve nmJd...I... Is My Commission expires: WYOMING-III..... flDllly-F._ _die Mac UNIFORM INSTRUMltNT 9789.CV (4/0') 000269 001'0(001"*') ~28093 SECOND HOME RIDER THISSECONDHOMERIDERismadethis~dayof Mareh , 2007 . and Is incorporated into and shall be deemed to emend and supplement the Mortgage, Deed ofTrust, or Security Deed (tho "Scc:wity Instrwnenr') of the same date given by the undersigned (the "Borrower," whether there are one or more persons undersigned) to secure Borrower's NoCe to Platte Vaney Natioaal Baok (the "Lender") of the same daœaod covering the Property described in the Security Instrument (the "Property"), which is located at: 130 Last Chaocc Drive Star Valley Ranch, WY 83127 [Property Address] In addition to the covenants and agreements made in the Security Instnnnent, Borrower and Lender further covenant and agree that Sections 6 and 8 of the Security Instnuncnt are deleted and are replaced by the tbllowing: 6. OeeupaoC)'. Borrower shall occupy, and shall only use, the Property 88 Borrower's second homo. Borrower shall keep the Property available fur Borrower's exclusive use aod enjo)mentat all times, and shall not subject the Property to any timesharing or other shared ownership IUTIIIIgement or to any rental pool or agreement that requires Borrower either to rent the Property or give a management fino or any other person any control over the occupancy or use of the Property. 8. Borrower's Loan Application. Borrower shall be in defiwlt it during the Loan application process, Borrower or any persons or entities acting at the directioo of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate infunnation or statements to Lender (or tàiled to provide Lender with material infunnation) in connec:tIon with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's second home. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Second Home Rider. .. ." (Seal) (Seal) (Seal) 80_ (Seal) ao....- '.;'J...I(.:' \ ;·1, '. :. I MULTISTATE SECOND HOME RIDER-Sinølo Family-Fa.." MaeIFnddl. Ma. UNIFORM INSTRUMENT Fo.. 3890 1/01 99OJ.CV (1210') 2509120 (þagr I D/ / pap) C...... DI.......... 001'0(001'-) 000270