HomeMy WebLinkAbout928337
00024B
Loan No:
Borrower:
3001138704
JESSE A HANCOCK
Data ID: 280
Return to:
AEGIS WHOLESALE CORPORATION
ATTENTION: LOAN SHIPPING
3010 BRIARPARK DRIVE, #700
HOUSTON, TX 77042
RECEIVED 4/11/2007 at 1 :46 PM
RECEIVING # 928337
BOOK: 654 PAGE: 248
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data)
MORTGAGE
MIN: 100053030011387041
DEFINITIONS
Words used in multiple sections of this 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 April 5, 2007, together with all Riders
to this document.
(B) "Borrower" is JESSE A HANCOCK AND TIFFANY C HANCOCK, HUSBAND AND WIFE
. Borrower is the mortgagor under this Security Instrument.
(C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that
is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee
under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has
an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
.¡ (D) "Lender" is AEGIS WHOLESALE CORPORATION. Lender is A CORPORATION organized
R' and existing under the laws of the State of DELAWARE. Lender's address is 3010 BRIARP ARK
DRIVE, SUITE 700, HOUSTON, TEXAS 77042.
(E) "Note" means the promissory note signed by Borrower and dated April 5, 2007. The Note states
that Borrower owes Lender TWO HUNDRED EIGHTY THOUSAND FIVE HUNDRED and
NO/I00··...Dollars (U,S, $ 280,500.00) plus interest. Borrower has promised to pay this debt in regular
Periodic Payments and to pay the debt in full not later than May 1, 2037,
(F) "Property" means the property that is described below under the heading "Transfer of Rights in
the Property."
(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
charges due under the Note, and all sums due under this Security Instrument, plus interest.
(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The
following Riders are to be executed by Borrower [check box as applicable]:
o Adjustable Rate Rider
o Balloon Rider
o 1-4 Family Rider
o Other(s) [specity]
o Condominium Rider 0 Second Home Rider
o Planned Unit Development Rider
o Biweekly Payment Rider
WYOMING - Single Family· Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 1 of 11 Pages)
II11I11 11111111111111111111111111111111111 11111 1111111111 111111111111111 1111 I111
30011387040130
~jJ- ~
0928337 000249
(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
ordinances and administrative rules and orders (that have the effect of law) as well as all applicable
final, non-appealable judicial opinions.
(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
charges that are imposed on Borrower or the Property by a condominium association, homeowners
association or similar organization.
(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to
debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated
teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
transfers.
(L) "Escrow Items" means those items that are described in Section 3.
(M) "Miscellaneous Proceeds" means any compensation, settlement, 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 to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of
the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as
to, the value and/or condition of the Property.
(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
on, the Loan.
(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under
the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.c. §2601 et seq.) and its
implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to
time, or any additional or successor legislation or regulation that governs the same subject matter. As
used in this Security Instrument, "RESP A" refers to all requirements and restrictions that are imposed
in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related
mortgage loan" under RESP A.
(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether
or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
TRANSFER OF RIGHTS IN THE PROPERTY
This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions
and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under
this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and
convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the
successors and assigns of MERS, with power of sale, the following described property located in the
County of LINCOLN:
LOT FORTY-FOUR (44) IN STAR VALLEY RANCH PLAT 8, RECORDED AUGUST 4, 1971
AT DOCUMENT NUMBER 432466, MAP NUMBER 180, IN THE OFFICE OF THE CLERK,
LINCOLN COUNTY, WYOMING.
WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 2 of 11 Pages)
~JJ- ~
092833';'
000250
Loan No: 3001138704
Data ID: 280
which currently has the address of 484 CEDAR DRIVE,
[Street)
THAYNE, WYOMING 83127
[City) [Zip Code)
TOGETHER WITH all the improvements now or hereafter erected on the property, and all
easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal
title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with
law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to
exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the
Property; and to take any action required of Lender including, but not limited to, releasing and
canceling this Security Instrument.
("Property Address"):
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except
for encumbrances of record. Borrower warrants and will defend generally the title to the Property
against all claims and demands, subject to any encumbrances of record.
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
real property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges,
Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any
prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow
Items pursuant to Section 3. Payments due under 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 require that any or all
subsequent payments due under the Note and this Security Instrument be made in one or more of the
following forms, 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.
Payments are deemed received by Lender when received at the location designated in the Note
or at such other location as may be designated by Lender in accordance with the notice provisions in
Section 15. Lender may return any payment or partial payment if the payment or partial payments
are insufficient to bring the Loan current. Lender may accept any payment or partial payment
insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights
to refuse such payment or partial payments in the future, but Lender is not obligated to apply such
payments at the time such payments are accepted. If each Periodic Payment is applied as of its
scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such
unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do
so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower.
If not applied earlier, such funds will be applied to the outstanding principal balance under the Note
immediately prior to 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 Note and this Security
Instrument or performing the covenants and agreements secured by this Security Instrument.
2. Application of Payments or Proceeds. Except as otheIWise 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 shall be applied to each Periodic Payment in the order in which it became due. Any
remaining amounts shall be applied first to late charges, second to any other amounts due under this
Security Instrument, and then to reduce the principal balance of the Note.
If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes
a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment
and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment
received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each
payment can be paid in full, To the extent that any excess exists after the payment is applied to the
full payment of one or more Periodic Payments, such excess may be applied to any late charges due.
Voluntary prepayments shall be applied first to any prepayment charges and then as described in the
Note.
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due
under the Note shall not extend or postpone the due date, or change the amount, of the Periodic
Payments.
WYOMING. Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 3 of 11 Pages)
j'ß "Vel(
~ç
/fA
(ssBed II JO V sBed)
~Ol ~ ~gO£ WJo:/
lN3WmUSNI WI:IO::llNn :l8W 8!PP8J::I/88W 8IUU8:/-ÃI!W9:! eBu!s - E>NIWOAM
'U1Wï srq¡ qHM UOn::l:muo::l Ur 19pUgï Áq pgSn g::lrAIgS 2lurUOdgl
10!pUB UOnB::Im1gA :JŒl g¡B¡Sg rBgI B 10J g2lIBq::l gWn-gUO B ÁBd 01 IgMOlIOg glrnbgl ÁBW IgpU\YI
'17 UOn::lgs
Srql ur gAOqB quoJ 19S suon;m gql JO glOW 10 gUO g}{B¡ 10 UgH gql ÁJSHBS nuqs IgMOlIOg 'UgAr2l
sr g::lnOU It!ql q::lrqM uo glt!p gq1 JO sÁt!p 01 urQHM. 'u;:m gql ~UrÁJHUgpr g;mOU t! 19MOlIOg gAr~ Áuw
19pU\YI '¡UgWnJ1SUI Álrm::lgS srql IgAO Á¡popd urBuu Ut!:) q;)rqM Ugn u 01 l;)gfqns sr Á1lgdOld gq¡ JO ut!d
ÁUB 1Bq1 sglT!WIglgp IgpUgï 11 '¡UgWnJ¡SUI Álpn::lgs srql 01 UgH gql ~UHt!Urploqns IgpUgï 01 ÁlOl::1BJSHt!S
1UgWgg,IjiB UB Ugn gql JO 19proq gql WOIJ sgm::lgs (::I) 10 ~pgpnpUO;) glt! s2lurpgg;)Old q::lns Htun
ÁrUO ¡nq '~urpugd glB s2lurpgg::lOld gsoq¡ gnqM UgH gq¡ JO lUgWg::llOJUg gq¡ lUgAgld O¡ glBIgdo uorurdo
S,lgpUgï ur q::lrqM sjiuw~g;)old rB2lgr 'ur u~n ~q¡ JO ¡U~W:);)IOJU~ ¡SUrB2lB spu~Jgp 10 'Áq qHBJ pooji ur
u~n ~q1 S¡sg¡UO::l (q) ~lu~W~~I2lt! q::lns 2lurWIOJI~d sr IgMOllOg SB 2luor OS ÁrUO 1nq 'I~PUgï 01 gIqBldg::l;)B
IgUUBW B ur Ugn gql Áq pgm::lgs uonBjinqo ~q¡ JO lUgWÁBd ~q¡ O¡ 2lunpM ur S~~ljiu (B) :lgMOllOg
ssgrun ¡UgWnllSUI Álpn::l~S srq¡ I~AO Á¡popd st!q q::lrqM UgH ÁUB g2lIBq::lS~p ÁndWOld IIBqs I~MOllOg
'£ UOn;)gs ur
p~prAOld IgUUBW ~ql ur w~ql ÁBd IIBqs 1~A\OllOg 'SW::IlI MOI;)sg glB sW~H gS~ql lBq¡ ¡Ug¡Xg gql 0.L 'ÁUB
n 'SlUgWSs;)SSY pUB 's;)g¿ 's;)na UOnBpossy ÁHunwwo;) pUB 'ÁUt! n 'ÁUgdOld gq¡ UO SlU::II punOl2l 10
SlugwÁud Ploqgst!gI 'lU::lWnJ1SUI Á1pmgS srqllgAO Álpopd uruUu UU;) q;)rqM ÁUgdOld gql 01 gIqB¡nqpuu
suomsodwr pUB 's;)UU 'sg~IBq;) 's¡ugwssgssu 's;):JŒl IIu Áud IIuqs IgMOlIog 'suan !sa8Juq;) '17
'I::lPUgï Áq pr~q spun¿ ÁUB I~MOllOg O¡ PUt1JgI
ÁndW01d IIBqs IgpU\YI 'lUgWnJ1SUI ÁH1n;)gs srq¡ Áq p~lmgS swns lIB JO IInJ ur ¡U::lwÁBd uodn.
'SlUgWÁBd Álq¡UOW
ZI uBql glOW ou ur ¡nq 'v dStI'd qlrM ~;)UBplo;);)B ur hugpugp gq¡ dn g1fBW 01 ÁlBSS~::I~U lunOWB
gq¡ 19pU~ï O¡ ÁBd IIBqs IgMOllOg pUB 'v dStI'd Áq pglrnb~l SB IgMOllOg ÁJnou IIBqs IgpU\YI 'v dStI'd
l~pun p~uU~p su 'MOI;)sg ur PI~q spun¿ JO kmgpugp B sr ~lgq¡ 11 'S¡ugwÁBd Árq¡UOW ZI UBql glOW ou
ur lnq 'V dStI'd q¡rM g;)UBP1O::I;)B ur ~jiBUOqS ~q1 dn g}{BW 01 Ált!ssg;)gU lunOWB gq¡ IgpUgï 01 ÁBd IIBqs
IgMOllOg pUB 'V dStI'd Áq pglrnbgl SB IgMOllOg ÁJnou IIBqs I::lPU~ï 'v dStI'd IgpUn pgUugp SB 'MOI::lsg
ur pr~q spun¿ JO gjiU¡lOqS B sr gl~ql 11 "V dStI'd qHM ~::IUBPIO;);)B u~ spunj SS~;)Xg gql lOJ IgMOllOg
O¡ ¡UnO;);)B IIBqs IgpU~ï 'v dStI'd IgpUn p~uU~p SB 'MOI::ls;) ur prgq spun¿ jO snrdms B s~ ~l~q¡ 11
"V dStI'd Áq pgl~nbgl SB spun¿ ~q¡ JO jiununO;);)B rBnUUB UB '~jiIBq;) lnoqlrM
'lgMOIIOg O¡ ~Ar2l IIBqs IgpUgï 'spun¿ ::Iql Uo mBd gq IIBqs lS::ll::l1Ur ¡uql 'lgA::IMOq '2lunpM ur ggl2lu UB;)
IgpU\YI pUB IgMOllOg 'spun¿ ::Iql uo sjiurUlBg 10 ls;)lglUr ÁUB I::lMOllOg ÁBd 01 pglrnbgl gq ¡OU IIBqs
I~PUgï 'spun¿ gq¡ uo prBd gq O¡ ¡Sgl;;¡¡Ur sglrnb::ll MBï ;;¡rqtr.>Hddv 10 jiunpM ur ::IpBW s~ ¡U::lW::I::IljiB UB
ssgrun. '::I2lIBq::l B q;)ns ::I1fBW 01 I;;¡PU::lï S¡rWI::ld MBï ::Irqtr.>nddv pUB spun¿ ;;¡q¡ UO lsgl::l¡U~ IgMOIIOg
sÁBd I::lPU\YI ssgrun 'SWglI MOl::lsg gql jiurÁJp::lA 10 'lUnO;);)B MOI::lSg gql jiurZÁIBUt! ÁIIBnuuu 'spun¿
gq1 2lurÁrddt! pUB ~urproq lOJ IgMOllOg g2lIBq::l 10U IIBqs IgpUgï "V dStI'd IgpUn pgupgds gWn gq¡ UBql
1;;¡¡Br ou SWgn MOI;)sg ;;¡ql ÁBd O¡ spun¿ ::Iq¡ ÁrddB IIBqs I~PU::Iï '1fUBg UBOï ::IWOH rBIgpg¿ ÁUB ur 10
(pgmSUr OS glB SHSodgp ;;¡SOqM Uonnmsur uu sr IgpU\YI Jr 'I~PUgï jiurpnpu~) ÁmUg 10 'Á1HB1UgWnJ1SU~
'Ã;)Ug2lB IBIgpgJ B Áq pgmSU~ glB SHSodgp gSOqM UonnmSur uu ur PIgq gq IIuqs spun¿ g1J.L
'MBï grqB::InddV qHM g::lUBPIO;);)B
ur gS~Mlgql0 10 SWgn MOI;)sg ::Im1OJ JO sgmlrpu~dx~ JO sgluWns;) grqBUOSUgl puu B¡BP ¡U~lln::l
jO srsBq ~ql uo gnp spun¿ jO ¡UnOWB gql g¡BWnS~ IIBqs mpu;;¡ï "V dStI'd IgpUn glrnbgl Ut!:) IgpUgr B
lunOWB wnWrXBW gql pgg;)Xg 01 10U (q) puu 'vdStI'd IgpUn pgupgds gWn gqllt! spun¿ gql ÁIddu 01
I::lPUgï HWIgd 01 lUgr;)UJns (B) ¡UnOWB UB ur spun¿ proq pUt! l;)::IIIO;) 'gWn ÁUB lB 'ÁBW IgpU\YI
'£ UOrl::1gs srql l::lpUn pglrnbgl
u~q¡ glB It!q¡ 's¡unowt! q::lns ur pUB 'spun¿ lIt! IgpU;;¡ï 01 ÁBd IIt!qs IgMOlIOg 'UOntr.>OA::II q::lns uodn
'pUt! Çl Uon::l~s qHM ~;)ut!pJO:xm ur U~Arji ::I:mOU u Áq ;;¡Wn Áuu ¡U SW::IlI MOI::lsg lIB 10 Áuu O¡ su I;;¡ArUM
gq¡ ~1fOAgI ÁUW 19pUgï 'lunOWB q;)ns Áuu I::lPU\YI 01 ÁUdgl 01 6 UOn;)gs IgpUn pg¡ujinqo gq Ugql IIBqs
19MOlIOg puu ¡unowu q;)ns Áud puu 6 UOn;)gs IgpUn slqjip str gSPIgXg Áuw I::lPU\YI 'WglI MOI;)sg uu 10J
gnp ¡unowu ;;¡q¡ Áud 01 SUUj 1;;¡MOllOg pUB '1::IArUM u O¡ ¡uunsmd 'Án::l~lrp SW::I¡I M01::Isg Áud O¡ pg¡Bjinqo
sr 19M01lOg 11 '6 UOrpgs ur pgsn sr ,,¡UgW~gl~U puu lUUUgAO::l" gSt!lqd ;;¡ql su '¡UgWnJlsUI Á1pn;)gs
srql ur pgUrU1UO::I 1UgWgg12lu puu 1UUUgAO;) u gq 01 pgWggp gq sgsodmd lIt! lOJ nuqs Sldrg::lgl gprAOld
01 pUt! s1ugmÁt!d q::lns g1fuw 01 Uont!2lnqo S,lgMOlIOg 'glrnbgl Áuw IgpU~1: su popgd gWn q;)ns urqlrM
lugwÁt!d q::lns ~Ur::lUgprAg Sldrg;)gl 19pU\YI 01 qsrumJ IIuqs 'S;)lrnbgl IgpU\YI n 'puu IgpUg1: Áq pgArUM
Uggq suq spun¿ jO lugwÁud q;)rqM 10j SWglI MOI;)8 Áuu 10J gnp slunowu gq1 'grquÁBd ::IlgqM puu U::lqM
'Án;)glrp Át!d Huqs I::lMOlIOg 'I::lArBM q::lns JO lU::IAg gql UI '~UHPM ur gq ÁIUO ÁUW IgArUM q;)ns ÁU\f '::Iwn
ÁUB 1U SWg1I M01;)sg HU 10 ÁUU 10j spun¿ 19pU::I1: 01 Áud O¡ uonu2lnqo S,I::lMOlIog ::IArUM Áuw l~pU~1:
'SWgn MOI;)8 HU 10 ÁUU 10J spun¿ ::Iq1 Áud 01 uonBjinqo S,lgMOlIOg s;)ArUM l::lpU::l1: ssgIun sW::IlI MOI;)sg
lOj spun¿ ::Iq1 1::IpU::l1: ÁBd HBqs 19MOllOg 'UOn;)::IS srq1l::lpun prud ::Iq 01 s¡unOWU jO s;);)nOU IIu I::lPU\YI
01 qsrU10J ÁndW01d IIBqs 1::IMOlIOg 'w::IlI MOI::l8 UU ::Iq nBqs SlU::lWSsgSSB pUt! Sg::lj 'sgnp q::lns pUt!
'1~MOllOg Áq pgM01;)sg ~q 'ÁUB jr 'S1UgWSsgSSY pUB 'Sg::l¿ 's;)na UOnBpOSsy Á1Junmmo;) ¡Bq¡ glrnb~l ÁBm
19pmq 'UU01: gq1 JO WIg1 gq1 2lupnp gWn ÁUU 1B 10 uonBur2lpo 1V ,,'SWglI MOI::l8" pgIItr.> glU SWgH
gs;)1J.L '01 UOH::IgS JO SUOrSrA01d gq¡ q1JM g;)UBPIO::l:>B ur swnrmgld g:>uBmsuI ::IjiBji¡lOW JO ¡ugUIÁud
gq¡ JO ngn ur 1::IPUgï O¡ 19MOllOg Áq grquÁud smns ÁUU 10 'ÁUB n 'smnrw::Ild ::I:>uumsuI g2lu2lUOW (p)
pUB ~ç UOH::I::IS 19pUn 19pUg1: Áq pglrnbgl g:>uumsur IIU puu Áuu lOJ smnrmgld (::I) ~Áuu Jr 'ÁUgdOld
gq1 UO SlUgl puno1ji 10 S1UgUIÁBd Ploq::lSUgI (q) ~ÁllgdOld gql UO g;)Uulqwn;)Ug 10 UgH U su 1UgWnJ1suI
Á1rm:>gs srq1 I::lAO ÁlrlOpd urUUB Ut!:) q;)rqM SWg1r Igq10 pUU SlU~WSS;)ssu pUB SgXU1 (B) :IOj gnp
slunOWB JO 1ugwÁt!d 10J gprA01d 01 ("spun¿" gq1) wns t! 'nnJ ur prud sr g10N gql Htun 'g10N gq1 IgpUn
gnp glU S1UgUIÁt!d ::Irpor1~d Áup gql uo IgpU\YI 01 Át!d IIuqs 19MOllOg 'swan MOJ3S:¡r JOj spun.i '£
ts~ooo
!..J~~9Zf;O
~
ff}:
(sef5l3d t t JO 9 ef5l3d)
~oH ~SOt WJ0:l
lN3WnlUSNI W~O:lINn 08W 81Pp8J:I!88W 8IUU8:1-ÁI!W9:1 elBulS - ÐNIWOAM
'IOJ1Um S,J"MOllOg PUOÁ"q "Jt! q:J!qM 1S!X" S<):JUt!1swn:JJp ~Unt!nU"1X"
sS<)Iun JO 'PI;)qq1µ\ ÁIqt!UOSU"IUn "q 10U IIt!qs 1U"SUOJ q:J!qM '~UmJM U! S<):}J~t! "S!M.J"q10 J"pu:q
SS;)Iun 'kmt!dn:J:Jo JO "1t!p "q1 J;)1Jt! Jt!"Á "uo 1St!"I 1t! 10J ;):JU;)P!sgJ It!dpupd S,J;)MOllog St! Á11;)dOld ;)q1
Ádn:J:Jo 01 "nunum IIt!qs pUt! 1U;)Wn11SUI Á1!m:J;)S SJq1 JO Uonm"x" ;)q1 1;)1Jt! sÁt!p 09 U!qHM ;):JU;)P!S<)l
yt!dpUJld S,l;)MOllog St! ÁU;)dOld ;)q1 ;)sn pUt! 'qsHqt!1S<) 'Ádm:Jo IIt!qs 1;)M011Og 'ÂJuudnJJO '9
';)np U;)q1 10U 10
1;)q1;)qM '1U;)mnJ1SUI Á1Jm:J;)S S!lf1 10 ;)10N ;)q11;)Pun pJt!dun S1unOWt! Át!d 0110 ÁU;)dOld ;)q1 ;)101s<)1 10
l!t!d;)l 011;)q1J;) Sp;);):Jold ;):Jut!msuJ ;)q1 ;)sn Át!m l;)PU:y] 'ÁU;)dOld ;)q1 JO ;)~t!l;)AO:J ;)q1 01 ;)JqI~:JHddt! ;)It!
S1~Jl q:Jns St! lUJOSUJ 'ÁU;)dOld ;)q1 ~UJ1;)AO:J S<)PHod ;):Jut!mSU! lIt! l;)pUn (l;)MOllOg Áq PJt!d swn!w;)ld
p;)ummn JO pUt1J;)l ÁUt! 01 1q~p ;)q1 uuq1 1;)q10) S1q~p S,l;)MOllOg JO 1;)q10 ÁUt! (q) pUt! '1U;)Wn11SUI
Á1pm;)s S!q1 10 ;)10N ;)q1 l;)pUn pJudun s1unOWt! ;)q1 P;);):JX;) 01 10U 1unomt! Ut! Uf Sp;);):Jold ;):Jut!lnsuf
Áut! 01 S1~P S,l;)MOllog (t!) J;)PU;)'l 01 SU~!Sse Áq;)J;)q J;)MOllOg ';)SIM.J;)q10 10 ZZ uon:);)S J;)pun
Áu;)dOJd ;)q1 S<)JInroe J;)PU;)'1 Jf JO '1U;)^;) J;)qH;) uI 'U"^I~ sI ":Jnou "q1 U"qM UI~"q InM pop"d Át!P-Of
:nu 'wfep "q1 ;)111;)S pUt! ;)1enO~;)U Áew J"pu:Y] U;)q1 'WIep e ;)111;)S 01 P;)J;)JJo seq l;)Illt!:) ;):memSU! ;)q1
1eq1 J;)PU;)'l mOlJ ;):Jnou e 01 sÁep Of U!qHM puods;)J 10U S<)op J;)MOllog n 'Sl;)neW P;)1t!Y;)1 pue wft!P
;):JuemsuI ;)IqeneAt! Áuu ;)111;)S pUt! ;)1t!nO~;)U ';)HJ Áew J;)PU;)'l 'Áu;)doJd ;)q1 suopuuqe J;)MOllog n
'Z UOW';)S uI 10J P;)PIAOld J;)PIO ;)q1 uI p;)!Idde ;)q lIt!qs Sp";):JOJd ;):Juemsuf q:)ns 'J;)MOllOg 01 PIt!d 'Áue
n 'SS;):JX;) ;)q1 q1IM ';)np U;)q1 10U JO J;)q1;)qM '1u;)mnl1suI Á1pm;)s sIq1 Áq p;)m:);)s swns ;)q1 01 p;)Hdde
;)q lIeqs Sp;);):Jold ;):JumnsuJ ;)q1 'P;)U;)SS<)I ;)q PInoM ÁHm:J;)S S,l;)PU;)'l 10 aIqfsu;)J ÁIIt!:)Jmouma 10U
SI Ifed;)l 10 uone101S;)1 aq1 JI 'l;)MOllOg JO uone~Hqo ;)IOS aq1 aq lIeqs pue spaa:Jold ;):JuemsuJ aq1 JO
1no PIed ;)q 10U lIeqs J;)MOllOg Áq p;)UIe1;)1 'sgnlt!d pJIq1 1;)q10 JO 'sJ;)1snfpe :JHqnd 10J S<);)d 'spa;):Jold
q:Jns uo S~UIUJe" 10 1S<)J;)1UI Áue J:JMOllOg Áed 01 p:JIInb;)1 :Jq 10U lIt!qs J:JPU;)'l 'Sp;);):JOJd :J:Juemsu! q:Jns
UO PJed ;)q 011s<)1;)1Uf salJnb:Jl Mtr'J :Jyqt!:)nddv 10 ~UnpM U! ;)pew Sf 1U:JW;):Jl~e ue SS<)Iun. 'p:J1aIdmm
Sf }{1OM :Jq1 se s1u;)mÁed ss<)JÍ1Old JO S<)Ilas t! U! 10 1u;)wÁed ;)I~UfS e uI UOnt!101S;)J pUt! SJIed:Jl
;)q1 10J Sp;);):JOJd ;)smqsTP Áew Japu;)'l 'ÁndmOld U;)}{Uu;)pun :Jq lIeqs uon:J;)dsUI q:Jns leq1 P;)PfAOJd
'UOH:JuJsnus S,l:JPU;)'l 01 P;)l;)Idwm u;)aq suq )flOM ;)q1 ;)mSU;) 01 Áu;)dOJd q:Jns 1:JadsUf 01 Á1Iunuoddo
uu pt!q suq l:JpU:J'l Inun Sp;);):JOJd :J:Juemsuf q:Jns PIoq 01 1qÍ1p :Jq1 :JAt!q lIt!qs J;)PU;)'l 'pop:Jd
uOnmOlsg1 puu Ifedal q:Jns ~upnG 'P;)U;)SsgI 10U sf ÁHm:J;)s S,l:JPU:Y] puu :JIqISt!;)J ÁlIt!:)fwOUm;) Sf
JIudaJ JO UOnel01sg1 ;)q1 n 'ÁU;)dOld :Jq1 JO JIed;)J 10 UOI1UJ01S;)J 01 P;)Hddu ;)q lIeqs 'J;)PU;)'l Áq p;)Jfnb:JJ
SUM <):)uumsuI ~UfÁJl;)Pun ;)q1 10U 10 J;)ql;)qM 'Sp;);):JOJd ;):Juemsuf Áue '~UnpM uf ;);)l~U aSIM.J;)q1O
l;)MOl1Og pue l;)PU:y] SS<)Iun. 'l;)MOllOg Áq ÁndmOld ;)PUW 10U n ssoy JO Joold a}{uw Áew l:Jpua'l
'l;)PU:Y] puu laIllt!:) ;):Juumsuf aql 01 ;):JnOU ldwOld ;)AI~ lIt!qs l;)MOllOg 'ssoy JO lU:JAa aql UI
'a;)Át!d
ssoy IUUOI1IPpu uu se 1O/puu ;);)~t!~l1Om su l;)PU;)'l amnu IInqs pun ;)snnY:J ;)~n~uom plnpun1S n apnY:Juf
IInqs Á:JHod q:Jns 'ÁU;)dOld ;)ql 'JO UOH:JnJlsgP 10 '01 ;)~nmnp 10J 'J;)PU;)'l Áq p;)lInb;)J aSIM.J;)ql0 10U
';)~t!l;)Am ;):Junmsuf JO W10J Áuu sUfnlqo l;)MOllog n 's<):JnOU YUM;)U;)1 pU1~ smnIm;)Jd Pft!d JO s1dIa:J;)1
lIU l;)PU;)'l 01 aAf~ Ándmold lIuqs JaMollog 'sglJnbal l;)PU;)'l n 'sg1t!:)UnJ;):J ynM;)U;)J pun S<)PHod
;)ql pyoq 01 1q~P ;)ql ;)At!q IInqs l;)PU"'l ';);)Át!d SSOI Inuomppt! Ut! sn Jo/pue ;);)~t!~11OW St! l;)PU:J'l
;)mt!u IIuqs pun ';)snt!p ;)~n~uom plt!pUt!1S t! ;)pnpUf IIt!qs 'S<)PHod q:Jns ;)AOJdduSIP 01 1~P S,J;)PU;)'l
01 1:J;)fqns ;)q IInqs S;)PHod q:Jns JO SYt!M;)U;)J pUt! J:JPU;)'l Áq p;)Jfnb;)J sgPHod ;):Jut!msuf IN
'1u;)mÁt!d ~unsgnb;)J J;)MOllOg 01 J;)pu:J'l WOJJ ;):JnOU uodn '1s<)J;)1Uf q:Jns
lf1IM 'ayqnÁnd ;)q IInqs pUt! lu;)m;)smqsIP JO ;)1ep ;)q1 UJOIJ a1nl ;)10N aq1 1u 1S<)J<)1Uf It!;)q IIeqs slunomu
;)S<)ttL '1U;)mnllsUI Álpn:J;)S sIq1 Áq p;)ln:J;)S l;)MOJ1Og JO lq;)P IeUOmppe ;)wm;)q IInqs ç Uon:J;)S
sIq1 J;)pun J:JPU;)'1 Áq p;)smqsIP s1unoUJt! Áuy 'P;)UIt!1qo ;)^t!q PInm l;)MOllOg 1t!q1 ;):mt!msuf JO lsm ;)q1
P;);):JX;) ÁnUt!:)InU~fS 1qÍ1fW P;)UIt!1QO OS aÍ1UJ;)Am :J:Jut!msu! ;)q1 JO 1S0:J ;)ql 1uq1 sg~P;)I&\OU)f:Jt! J;)MOllOg
'1:J;)JJ;) UI ÁysnOfA;)Jd snM Ut!ql ;)~t!laAm l;)ssgI 10 1;)1t!;)1Í1 ;)PfAOJd 1qjiIW pUt! Á1mqt!H 10 pJuzuq '}{SP ÁUt!
lSUIt!jiu 'ÁU;)dOld :Jql JO s1u:J1um ;)q1 10 'ÁU;)dOld :Jq1 uI ÁHnb;) S,J:JMOllog 'J;)MOllOg 1:J;)10Jd 10U 1qjiIW
10 lq~IW lnq 'l;)PU;)'1 l;)Am IIeqs ;)~UJ;)Am q:Jns ';)JOJ;)J;)ttL ';)~nJ;)Am JO 1unowt! JO ;)dÁ1 lUIn:JfUt!d
ÁUt! asnq:und 01 Uont!~nqo OU l;)pUn SI l;)PU;)'l ';)su;)dx;) S,l;)MOllOg pUt! uondo S,l;)PU:y] 1n ':Jjit!l;)Am
a:Jut!msuf uIn1qo Át!W l;)pua'1 ';)AOqU P;)qp:Jsgp S<)~t!l;)AQ:) ;)q1 JO Áun uft!1uInw 01 sHnJ l;)MOllOg n
'l;)MOllog Áq uon:J;)fqo
ue UJOIJ ~UnInsgl uOnt!UIW1;)1;)P ;)UOZ pOOIJ Áut! JO M;)IA;)l ;)q1 q1IM Uon:JauuQ:) uI Á:lU;)~V 1UaW;)~t!uuW
Á:JU;)~J;)UJ3 yt!l;)P:Jd :Jq1 Áq p;)sodWI S<);)J Áut! JO lU;)UJÁud ;)ql 10J ;)IqIsuodS<)J ;)q oSIt! lIuqs J;)MOllOg
'UOHt!:)InU;):J 10 UOnt!UfUJ1;)1;)P q:Jns 1:J;)JJU 1q~IW ÁIqt!UOSn;)J q:JIqM m:J:Jo S<)jiUt!q:J JUnWfS JO sjiu!ddum;)J
;)UJn q:Jt!;) S<)~.rnq:J lu;)nb:Jsqns pUt! S<):JIAl;)S UOHt!:JInU;):J puu uOHnuIUJ1;)1;)P ;)UOZ pOOIJ JOJ ;)~Jt!q:J
amn-;)UO t! (q) 10 :S<):JIAl;)S ~UPPU11 puu Uont!:)InU;):J 'UOHt!UIUJJ:J1;)P ;)UOZ pOOIJ 10J ;)~Jnq:J ;)Wn-:mo
t! (t!) :J;)qH;) 'Ut!O'l Sfq1 qHM UOH:J;)UUO:J UI 'Át!d 01 J;)MOllOg :JJInb;)J Át!W J:Jpu:J'1 'ÁIQt!uosu:JJun
P:JspJ;)x:J :Jq 10U IIt!qs 1q~IJ q:)IqM ':J:JIoq:J S,l"MOllog "^OJdduSIP 01 lqÍ1p S,J;)PU"'1 01 1:J;)fqns J"MOllog
Áq u:Jsoq:J :Jq IIuqs ":Jut!msuI "q1 jiUIPIAOJd J"Illt!:) ":Jut!msuf "ttL 'uu0'1 ;)q1 JO mJ;)1 "q1 Í1upnp
,,~ueq:J Ut!:) S<):JU"1U"S jiUTP;):J"Jd :Jq1 01 1uunsmd sgJfnb;)J J;)PU;)'11t!qA\. 'sgJInb:JJ J"pu:y] 1t!ql SPOI1"d
"q110J put! (SI;)A"y "IqH:Jnp"p ~UfpnpUI) s1unomt! "ql uf P"UIu1uIum ;)q IIt!qs ;):JuumsuI sIttL ''':Jut!msuf
s<)lfllb:u J"pu,,'1 q:JIqM JOJ 'SpooTJ pUt! S<)}{t!nbqUt!<) '01 P"lIUJ!I 10U 1nq 'jiuIpnpuI SpJuzuq J;)q10 ÁUt!
puu II'''~UJ;)AQ:) P;)PU;)1X"1I mJ"l ;)q1 ufqHM p"pnpuI SpJt!zt!q '''JU Áq ssoy lSUIn~u p"lnsuI Á1J"dOld ;)q1 UO
P;)l:J;)J;) J"1Ju"J;)q JO jiUHSfX" MOU SlU;)UJ;)AOldWI "q1 d":J}{ IIuqs l;)MOllOg 'aJuu.InsuI Âpado.Id 'S
08Z :QI t!1UG
POL8fIIOO£ :oN uu0'1
l.J;~8ZS0
ZS¿;(
0928337
000253
7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the
Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property
in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless
it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower
shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance
or condemnation proceeds are paid in connection with damage to, or the taking of, the Property,
Borrower shall be responsible for repairing or restoring the Property only if Lender has released
proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single
payment or in a series of progress payments as the work is completed. If the insurance or
condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved
of Borrower's obligation for the completion of such repair or restoration.
Lender or its agent may make reasonable entries upon and inspections of the Property. If it has
reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall
give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable
cause.
8, Borrower's Loan Application. Borrower shall be in default if, during the Loan application
process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's
knowledge or consent gave materially false, misleading, or inaccurate information or statements to
Lender (or failed to provide Lender with material information) in connection with the Loan. Material
representations include, but are not limited to, representations concerning Borrower's occupancy of the
Property as Borrower's principal residence.
9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument,
(b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or
rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation
or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to
enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and
pay for 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 priority over this Security Instrument: (b) appearing in court; and
(c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this
Security Instrument, including its secured position in a bankruptcy proceeding, Securing the Property
includes, but is not limited to, entering the Property to make repairs, change locks, replace or board
up doors and windows, drain water from pipes, el1minate building or other code violations or dangerous
conditions, and have utilities turned on or off. Although Lender may take action under this Section 9,
Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that
Lender incurs no liability for 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 from the date
of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower
requesting payment.
If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the
lease. If Borrower 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 Insurance. If Lender required Mortgage Insurance as a condition of making the
Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for
any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the
mortgage insurer that previously provided such insurance and Borrower was required to make separately
designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums
required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at
a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect,
from 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 the insurance coverage ceased to be in effect. Lender will
accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance.
Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in
full, and 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
for the period that Lender requires) provided by an insurer selected by Lender again becomes available,
is obtained, and Lender requires separately designated payments toward the premiums for Mortgage
Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower
was required to make separately designated payments toward the premiums for Mortgage Insurance,
Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a
non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance
with any written agreement between Borrower and Lender providing for such termination or until
termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation
to pay interest at the rate provided in the Note. .
WYOMING - Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 6 of 11 Pages)
5P
-Jq(
0928337
Loan No: 3001138704
OOO~~4
Data 115: ZmJ'
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses
it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage
Insurance.
Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and
may enter into agreements with other parties that share or modify their risk, or reduce losses. These
agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other
party (or parties) to these agreements. These agreements may require the mortgage insurer to make
payments using any source of funds that the mortgage insurer may have available (which may include
funds obtained from Mortgage Insurance premiums).
As a result of these agreements, Lender, any purchaser of the Note, another insurer, any
reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly)
amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage
Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such
agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share
of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further:
(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 agreements will not increase the amount
Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
(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 to Lender.
If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair
of the Property, if the restoration or repair is economically feasible and Lender's security is not
lessened. During such repair and restoration period, Lender shall have the right to hold such
Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the
work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken
promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of
progress payments as the work is completed. Unless an agreement is made in writing or Applicable
Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay
Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not
economically feasible or Lender's security would be lessened, 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, if any, paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair
market value of the Property immediately before the partial taking, destruction, or loss in value is equal
to or greater than the amount of the sums secured by this Security Instrument immediately before the
partial taking, destruction, or loss in value, unless Borrower 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 fraction: (a) the total amount of the sums secured immediately before the
partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to
Borrower.
In thè event of a partial taking, destruction, or loss in value of the Property in which the fair
market value of the Property immediately before the partial taking, destruction, or loss in value is less
than the amount of the sums secured immediately before the partial taking, destruction, or loss 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.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the
Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is
authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the
Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing
Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom
Borrower has a right of action in regard to Miscellaneous Proceeds.
WYOMING· Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 7 of 11 Pages)
"J~
u1(
OSi28337
Borrower shall be in default if any action or proceeding, whether civil or criminal, Qqg.~:¡~
in Lender's judgment, could result in forfeiture of the Property or other material impairment of
Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a
default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or
proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property
or other material impairment of Lender's interest in the Property or rights under this Security
Instrument. The proceeds of any award or claim for damages that are attributable to the impairment
of Lender's interest in the Property are hereby assigned and shall be paid to Lender.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be
applied in the order provided for in Section 2.
12, Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for
payment or modification of amortization of the sums secured by this Security Instrument granted by
Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability
of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence
proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or
otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand
made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender
in exercising any right or remedy including, without limitation, Lender's acceptance of payments from
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 Liability; Co-signers; Successors and Assigns Bound. Borrower covenants
and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower
who co-signs this Security Instrument 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 Instrument; (b) is not personally obligated to pay the sums secured
by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend,
modify, forbear or make any accommodations with regard to the terms of this Security Instrument or
the Note without the co-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 benefits under this Security Instrument. Borrower shall not be
released from Borrower's obligations and liability under this Security Instrument unless Lender agrees
to such release in writing. The covenants and 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 performed in connection with
Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this
Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation
fees. In regard to any other fees, the absence of express authority in this Security Instrument 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 that are expressly prohibited by this Security Instrument or by Applicable Law.
If the Loan is subject to a law which sets maximum loan charges, and that law is finally
interpreted so that the interest or other loan charges collected or to be collected in connection with
the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
necessary to reduce the charge to the permitted limit; and (b) any sums already collected from
Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make
this refund by reducing the principal owed under the Note or by making a direct payment to Borrower.
If a refund reduces principal, the reduction wìll be treated as a partial prepayment without any
prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's
acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right
of action Borrower might have arising out of such overcharge.
15. 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 been given to Borrower when mailed by first class mail or when actually delivered to
Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice
to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the
Property Address unless Borrower has designated a substitute notice address by notice to Lender,
Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure
for reporting Borrower's change of address, then Borrower shall only report a change of address
through that specified procedure. There 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 unless Lender has designated another address by notice
to Borrower. Any notice in connection with this Security Instrument 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 satisfy the corresponding
requirement under this Security Instrument.
WYOMING - Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 8 of 11 Pages)
7Slf
fEIV
0928337
000256
Loan No: 3001138704
Data ID: 280
16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be
governed by federal law 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 explicitly or implicitly allow the parties to agree by contract
or it might be silent, but such silence shall not be construed as a prohibition against agreement by
contract. In the event that any provision or clause of this Security Instrument or the Note conflicts
with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the
Note which can be given effect without the conflicting provision.
As used in this Security Instrument: (a) words of the masculine gender shall mean and include
corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and
include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation
to take any action.
17. Borrower's Copy, Borrower shall be given one copy of the Note and of this Security
Instrument.
18. Transfer of the Property or a Beneficial Interest in Borrower, As used in this Section 18,
"Interest in the Property" means any legal or beneficial interest in the Property, including, but not
limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales
contract or escrow agreement, the intent of which is the transfer 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 if
Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without
Lender's prior written consent, Lender may require immediate payment in full of all sums secured by
this Security Instrument. However, this option shall not be exercised by Lender if such exercise is
prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice
shall provide a period of not less than 30 days from the date the notice is given in accordance with
Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower
fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies
permitted by this Security Instrument without further notice or demand on Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions,
Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time
prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale
contained in this Security Instrument; (b) such other period as Applicable Law might specify for the
termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing 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 default
of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security
Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation
fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights
under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure
that Lender's interest in the Property and rights under this Security Instrument, and Borrower's
obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may
require that Borrower pay such reinstatement sums and expenses in one or more of the following forms,
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 if no
acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration
under Section 18.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest
in the Note (together with this Security Instrument) can be sold one or more times without prior
notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that
collects Periodic Payments due under the Note and this Security Instrument and performs other
mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law.
There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If
there is a change of the Loan Servicer, Borrower will be given written notice of the change which will
state the name and address of the new Loan Servicer, the address to which payments should be made
and any other information RESP A requires in connection with a notice of transfer of servicing. If the
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 will remain with the Loan Servicer or be
transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless othelWise
provided by the Note purchaser.
WYOMING - Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 9 of 11 Pages)
:si ¡ri!
0928337
OOO~SÞ7
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 other party's actions pursuant to
this Security Instrument or that alleges that the other party has breached any provision of, or any duty
owed by reason of, this Security Instrument, 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
afforded the other party hereto a reasonable period after the giving of such notice to take corrective
action. If Applicable Law provides a time period which must elapse before certain action can be taken,
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
acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and
opportunity to take corrective action provisions of this Section 20.
21. Hazardous 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 following substances: gasoline, kerosene, other flammable 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 the jurisdiction where
the Property is located that relate to health, safety or environmental protection; (c) "Environmental
Cleanup" includes any response 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 Environmental Cleanup.
Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property.
Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in
violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due
to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the
value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on
the Property of small quantities of Hazardous Substances that are generally recognized to be
appropriate to normal residential uses and to maintenance of the Property (including, but not limited
to, hazardous substances in consumer products),
Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand,
lawsuit or other action by any governmental or regulatory agency or private party involving the Property
and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat
of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release
of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is
notified by any governmental or regulatory authority, or any private party, that any removal or other
remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly
take all necessary remedial actions in accordance with Environmental Law, Nothing herein shall create
any obligation on Lender for an Environmental Cleanup.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
22. Acceleration; Remedies. Lender shan give notice to Borrower prior to acceleration fonowing
Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to
acceleration under Section 18 unless Applicable Law provides othenvise). The notice shall specify:
(a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
date the notice is given to Borrower, by which the default must be cured; and (d) that failure to 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 shan 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 specified in the notice, Lender at its option may require immediate payment in full
of an sums secured by this Security Instrument without further demand and may invoke the power
of sale and any other remedies permitted by Applicable Law. Lender shan be entitled to conect an
expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to,
reasonable attorneys' fees and costs of title evidence,
If Lender invokes the power of sale, Lender shan give notice of intent to foreclose to Borrower
and to the persón in possession of the Property, if different, in accordance with Applicable Law.
Lender shan give notice of the sale to Borrower in the manner provided in Section 15. Lender shan
publish the notice of sale, and the Property shan be sold in the manner prescribed by Applicable
Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shan
be applied in the following order: (a) to an expenses of the sale, including, but not limited to,
reasonable attorneys' fees; (b) to an sums secured by this Security Instrument; and (c) any excess to
the person or persons legany entitled to it.
23. Release, Upon payment of all sums secured by this Security Instrument, Lender shall release
this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a
fee for releasing this Security Instrument, but only if the fee is paid to a third party for seIVices
rendered and the charging of the fee is permitted under Applicable Law.
24, Waivers. Borrower releases and waives all rights under and by virtue of the homestead
exemption laws of Wyoming.
WYOMING - Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 10 of 11 Pages)
~JJ
JdI
092833";'
OOO~SB
Loan No: 3001138704
Data ID: 280
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in
this Security Instrument and in any Rider executed by Borrower d recorde with it.
....... ................. (Seal)
COCK -Borrower
[Space Below This Line For Acknowledgment] I
State of WYOMING
County of LINCOLN
(~
day of
The foregoing instrument was acknowledged before me this
2063::, by
JESSE A HANCOCK AND TIFFANY C HANCOCK
My commission expires:
8~~'"Ùq
QQol (j ß
(Printed Name)
Witness my hand and official seal.
CHERYL A. JONES - NOTARY PUBLIC
[Seal] Countyof'& Stale 01
Lincoln . Wyomlog
My Commission Expires Feb. 4, 2009
WYOMING - Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Form 3051 1/01
(Page 11 of 11 Pages)