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HomeMy WebLinkAbout930136 000:195 6010715396 After Recording Return To: RECEIVED 6/7/2007 at 4:03 PM RECEIVING # 930136 BOOK: 661 PAGE: 195 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, wY V ANDERBIL T MORTGAGE AND FINANCE, INC. 510 ALCOA TRAIL MARYVILLE. TN 37804 [Space Above This Line For Recording Daln] Loan Number 19371744 MORTGAGE DEFINITIONS Words used III mu1tipíe sections oftbis 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 JUNE 1, 2007, together with all Riders to this document. (B) "Borrower" is JIM R BEUS and DANA BEUS, HUSBAND And WIFE. Borrower is tbe mortgagor under this Security Instrument. (C) "Lender" is V ANDERBIL T MORTGAGE AND FINANCE, INC.. Lender is a MORTGAGE & FINANCE organized and eXisting under the laws of THE STATE OF TENNESSEE. Lender's address is 510 ALCOA TRAIL, MARYVILLE, TN 37804. Lender 1s the mortgagee under this Secunty Instrument. (0) "Note" means the promissory note signed by Borrower and dated JUNE 1, 2007. The Note states tbat Borrower owes Lender FORTY-EIGHT THOUSAND SIX HUNDRED EIGHTY-NINE AND 40/100tbs Dollars (U.S.$48,689.40) plus interest. Borrower bas promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than JULY 1, 2027. (E) "Property" means the property tbat IS described below under tbe heading "Transfer of Rights in the Property." (F) "Loan" means tbe debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under thIs Secunty Instrument, plus interest. (G) "Riders" means all Riders to this Security Instrument that are executed by BOITower. The followmg Riders are to be executed by Borrower [check box as applicable]: o Adjustable Rate Rider 0 Condomimum Rider 0 Second Home Rider o Balloon Rider 0 Planned Umt Development Rider ŒI Manufactured Home Rider o 1-4 Family Rider 0 Biweekly Payment Rider (H) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that bave tbe effect of law) as well as all applicable final, non-appealable judicial opinions. WYOMING..Single FauúIy--Fonnie MnefFreddie Mac UNIFORM INSTRUMENT Borrower Initials A<. D ~ Form 30~e 1 of 11 pages) O~3(Qì1.3G OOO~..96, (1) "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 orgamzabon. (J) flElectronic 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 financ1aI institution to debit or credit an account. Sucb term includes, but is not limited to, point-or-sale transfers, automated tellcr machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" means those items that are described in Section 3. (L) IIMlsceJlaneous 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 m lieu of condemnation; or (iv) misrepresentatIOns of, or omissions as to, the value and/or condition of the Property. (M) "Mortgage Insurance" means Insurance protecting Lender agamst the nonpayment of, or default on, tbe Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (i) princlpal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (0) "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 RESPA. (P) "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 tbls purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale, the fonowing described property located in the County of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] SEE A TT ACHED EXIDBIT A ALSO AS ADDITIONAL SECUIUTY OF A 1993 CHAMPION MANUFACTURED HOME WITH SERIAL NUMBER AS 05964998 which currently has the address of 506 MAPLE STREET LABARGE . Wyoming 83123 [Zip Code] [Street] ("Property Address"): [City] WYOMING--Singie Famíly--Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Borrower Initials ~ \) ~ Form 30~e 2 of11 pages) OOO:t97 - . ~, ..::-,.. ~. (j'::)3~J]' J/~~ 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 m this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is la.wfully seised of the estate herehy conveyed and has the right to mortgage, grant and convey the Property and tbat the Property IS unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property agaínst 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 vanatlOns by junsdíction to constItute a uniform secunty mstrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepnyment Charges, and Late Charges. Borrower shan pay when due the pnnclpal of, and mterest 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 thìs 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 Secunty Instrument IS returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Secunty 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 mstJtution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electromc Funds Transfer. Payments are deemed received by Lender when received at the location designated III the Note or at sucb other locatIOn as may be designated by Lender in accordance with the notice provisions m 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 nghts to refuse such payment or partial payments In the future, but Lender IS not obligated to apply such payments at tbe time such payments are accepted. If each Pen odic Payment is applied as of Its scheduled due date, then Lender need not pay mterest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bnng the Loan current. If Borrower does not do so within a reasonable penod of time, Lender shaH either apply such funds or return them to Borrower. Ifnot 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 Secunty Instrument or performing the covenants and agreements secured by this Secunty Instrument. 2. Application of 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; (e) amounts due under Sectlon 3. Such payments shall be applied to each Penodic Payment m the order in which it became due. Any remainmg amounts shall be applied first to Îate 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 deiinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to tbe 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, msurance proceeds, or Miscellaneous Proceeds to princIpal due under the Note shall not extend or postpone the due date, or change the amount, of tbe Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Penodic Payments are due under the Note, until the Note IS paid III full, a sum (the "Funds") to proVIde for payment of amounts due for: (a) taxes and assessments and other Items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiUms, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 1 . These items are called "Escrow Items. It At origmation or at any tIme dunng the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be Borrower I"itials R D <:() WYOMING-·Single Family--Fllnnie MllelFreddie Mllr. UNIFORM INSTRUMENT Form 30~e 3 oJ J I pages) 0::J301.3G n0019~ 1,.,.0 .. ,,_ C} escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waIve Borrower's obligation to pay to Lender Funds for any or a11 Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, tbe amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receIpts evidencmg such payment within such time penod as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for aU pUIposes be deemed to be a covenant and agreement contained in this Security Instrument, as tbe phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shaH then be obligated under Sechon 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any hme by a notice given in accordance with Section 15 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 apply the Funds at the time specified under RESPA, and (b) not to exceed the maxImum amount a lender can requíre under RESPA. Lender shall estimate the amount of Funds due on the baSIS of current data and reasonable estimates of expenditures of future Escrow Items or otberwise III accordance WIth Applicable Law. The Funds shall be held in an Institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender IS an instltutíon whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESP A. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifYing the Escrow Items, unless Lender pays Borrower mterest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement IS made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be reqUIred to pay Borrower any mterest or earmngs on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on tbe Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESP A. If there is a surplus of Funds held in escrow, as defined under RESP A, Lender shall account to Borrower for the excess funds in accordance with RESP A. If there 1S a shortage of Funds held in escrow, as defined under RESP A, Lender shall notifY Borrower as required by RESP A, and Borrower shall pay to Lender the amount necessary to make up the shortage In accordance with RESPA, but 10 no more than 12 monthly payments. Ifthere 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 pay to Lender the amount necessary to make up the deficiency in accordance with RESP A, but in no more than 12 monthly payments. Upon payment In full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property whIch can aUain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided m Section 3. Borrower shaH promptly discharge any lien which has prionty over this Security Instrument unless Borrower: (a) agrees In writmg to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is perfonning such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien ln, legal proceedings which in Lender's opmion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinatmg the lien to thís Security Instrument. If Lender determmes that any part of the Property is subject to a lien which can attain prionty over this Security Instrument, Lender may give Borrower a notice identifying the lien. Withm 10 days of the date on whIch that notice IS gIVen, Borrower shall satIsfy the lien or take one or more of the actions set forth above 10 thIS Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification andlor reportmg service used by Lender 10 connectíon with this Loan. 5. Property Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes Rnd floods, for WhICh Lender requires Insurance. This insurance sh~l1 be maintained in the amounts (including deductible levels) and for the periods that Lender requITes. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower 80~~'","'" ~ \)~ WYOMING--Singie Fnmily--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3051 1/01 (Page 4 oj 11 pages) .. , "1' -'. 1.~':1 ~ .-. of'" (' '\'"-, \ '~!',,, .', .p~ 0)'"-31 '-iJ 'W'..!!.. -..II '..$ 000:1..99 to pay, in connection with tbls Loan, either: (a) a one-hme charge for flood zone determination, certification and trackmg servIces; or (b) a one-time charge for flood zone deterrmnatlon and certification services and subsequent charges each time remappings or sImilar changes occur which reasonably mIght affect such detel1l1ination or certification. Borrower shall also be responsible for the payment of any fees Imposed by tbe Federal Emergency Management Agency 10 connection w¡tb the review of any flood zone detel1l1ination resultmg from an objection by Borrower. If Borrower fails to mamtam any of the coverages described above, Lender may obtam Insurance coverage, at Lender's option and Borrower's expense. Lender IS under no obligation to purchase any particular type or amount of coverage. Therefore, sucb coverage shall cover Lender, but might or mtght not protect Borrower, Borrower's eqUIty 10 the Property, or the contents of the Property, against any risk, hazard or liability and migbt provide greater or lesser coverage than was previously In effect. Borrower acknowledges that tbe cost of tbe insurance coverage so obtamed might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shaH bear interest at the Note rate from the date of disbursement and sbaH be payablc, with such interest, upon notIce from Lender to Borrower requesting payment. All Jnsurance policies requtred by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee andlor as an additional loss payee. Lender shall have the right to bold the policies and renewal certificates. If Lender requires, Borrower shall promptly gIve to Lender all receipts of paid premiums and renewal notices. If Borrower obtaIns any fOI1l1 of insurance coverage, not otherwIse reqUired by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance camer and Lender. Lender may make proof of loss ¡fnot made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, ¡fthe restoratIon or repair is economically feasible and Lender's security is not lessened. During such repair and restoratIon penod, Lender shall have the right to bold sucb msurance proceeds until Lender has bad an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection sball be undeliaken promptly. Lender may disburse proceeds for tbe repairs and restoration m a smgle payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires mterest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other thtrd parttes, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repalr IS not economically feasible or Lender's secunty would be lessened, the msurance proceeds shan be applied to tbe sums secured by this Security Instrument, whether or not then due, wIth the excess, if any, paid to Borrower. Such Insurance proceeds shall be applied in the order provided for in SectIOn 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notIce from Lender that tbe insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 3D-day penod will begin when the nohce is gIven. In eIther event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's TIghts to any msurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's nghts (other than the right to any refund of unearned premiums paid by Borrower) under all Insurance policies covenng tbe Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore tbe Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due, 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's princIpal resIdence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees 111 writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impatf the Property, allow the Property to detenorate or commit waste on the Property. Whether or not Borrower IS resIding in the Property, Borrower shall mamtain the Property in order to prevent the Property from de ten orating or decreasmg 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 ín connection wíth damage to, or the takmg of, the Property, Borrower shall be responsible for repairmg or restoring tbe Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repaU's and restoratIon in a smgle payment or in a series of progress payments as the work is completed. If the msurance or condemnatlOn proceeds are not sufficient to repair or restore tbe Property, Borrower is not relieved of Borrower's obligatIOn for the completIOn of such repaIr or restoration. ± Borrower 'nitinl5 \) ~ WYOMING--Single FnmilyuFllnnie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3051 1 1 ÍPage 5 oj J 1 pages) _.~ 6,::. - .', ....~ n\;t{ .j'<..) U~J~ (',J J ..' ('~,o'¡,/n\''',100 tt.:v ....' 'Co' .",;" ,. Lender or its agent may make reasonable entries upon and inspections oftbe Property. Ifit bas reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender sball give Borrower notíce at the time of or prior to such an mtenor inspection specifying such reasonable cause. 8. Borrower's Loan Application. BOlTower shall be m default if, during the Loan application process, Borrower or any persons or entities acting at the direction of BOlTower or with Borrower's knowledge or consent gave matenally false, misleading, or inaccurate information or statements to Lender (or failed to proVIde Lender with material information) in connection wltb the Loan. Material representatIOns include, but are not limited to, representations concemmg Borrower's occupancy of the Property as BOlTower's principal residence. 9. Protection of Lender's Interest In the Property and Rights Under this Security Instrument. If (a) BOlTower 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 andlor rights under tbls Security Instrument (such as a proceeding m 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 repamng the Property. Lender's actions can mcludc, but are not limIted to: (a) paymg any sums secured by a lien which bas pnority over this Security Instrument; (b) appeanng in court; and (c) paying reasonable attorneys' fees to protect Its mterest in tbe Property and/or rights under this Security Instrument, including its secured posItIon m a bankruptcy proceeding. Securing the Property includes, but IS not limited to, entering tbe Property to make repairs, change locks, replace or board up doors and wmdows, drain water from pIpes, elimmate building or other code violations or dangerous conditions, and bave utilities turned on or off. Although Lender may take action under tbls Section 9, Lender does not bave to do so and is not under any duty or obligation to do so. It 1S agreed tbat Lender Incurs no liability for not taking any or all actions autborized under this Section 9. iuIy amounts disbursed by Lender under this Section 9 shall become additional debt of BOlTower secured by thIs Security Instrument. These amounts shan 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 comp1y with all the provisions of tbe lease. If BOlTower acqUtres 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 requued to mamtain 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 BOlTower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shaH 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 shalJ 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 Insumnce. Such loss reserve shan be non-refundable, notwithstanding the fact that the Loan is ultimately paId in full, and Lender sha11 not be requued to pay Borrower any interest or earnings on such loss reserve. Lender can no longer requue loss reserve payments if Mortgage Insurance coverage (in the amount and for the penod that Lender requires) provIded by an insurer selected by Lender agam becomes available, is obtained, and Lender requires separately desIgnated payments toward tbe 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 tbe premiums for Mortgage Insurance, BOlTower shall pay tbe premIUms required to mamtain 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 BOliower and Lender providing for such terminatIon or until termmation IS required by Applicable Law. Nothing In this Section 10 affects BOlTower's obligatIOn to pay mterest at the rate provided in tbe Note. 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 1S not a party to tbe Mortgage Insurance. Mortgage insurers evaluate their total risk on an such insurance in force from time to time, and may enter into agreements with other parties tbat share or modify thelf nsk, or reduce losses. Tbese agreements are On tenns and conditIons that are satIsfactory to the mortgage insurer and tbe other party (or parties) to these agreements. These agreements may requlfe 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). WYOMING--Sìngle Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Borrower lnitinls A<. \) ß Form 30~e 6 of J J pages) ¡'i' .~" ; ..... \ -'.1;, 1.;\\ 'I! '~f r; VJ'\.JJ~I":'-"" a..J C..~ OOO;;~O1. As a result of these agreements, Lender, any purchaser oftbe Note, another insurer, any reínsurer, any other entity. or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that denve from (or mtght be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducmg 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 patd to the insurer, the arrangement IS often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has ngreed to pny for Mortgage Insurance, or nny other terms of tbe Loan. Such agreements wiJI 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 certnin disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automnticnlly, and/or to receive a refund of any Mortgage Insurance premiums tbat were unearned at tbe 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 shaH have the right to hold such Misceltaneous Proceeds until Lender has had an opportumty to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such mspection 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 Misceltaneous Proceeds, Lender shall not be reqUIred to pay Borrower any interest or earnings on sucb Miscellaneous Proceeds. lfthe restoraÜon or repair is not economically feasible or Lender's securtty would be lessened, the Miscellaneous Proceeds sball be applied to the sums secured by tbis Secunty Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shalt be applied in tbe order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, tbe Miscellaneous Proceeds sball be applied to tbe sums secured by this Security Instrument, whether or not then due, with the excess, jf any, paid to Borrower. In the event of a partial taking, destruction, or loss 10 vaiue ofthe Property in which tbe fair market value oftbe Property tmmediately before the partial taking, destruction, or loss in value is equal to or greater tban the amount of the sums secured by this Security Instrument immediately before the parttal taking, destruction, or loss In value, unless Borrower and Lender otherwise agree In writing, the sums secured by thís Secunty Instrument shall be reduced by tbe amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured tmmediately before the partial taking, destructIon, or loss in value divided by (b) tbe fair market value of the Property Immediately before the partial taking, destructton, or loss m value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in va1ue 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 takmg, destruction, or loss in value, unless Borrower and Lender otherwise agree 10 writing, the Miscellaneous Proceeds shall be applied to the sums secured by tbis Security Instrument whether or not tbe sums are then due. If the Property IS abandoned by Bon-ower, 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 tbe 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 Bon-ower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be In default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impamnent of Lender's mterest in tbe Property or rights under tl1l5 Security Instrument. Borrower can cure such a default and, if acceleratIOn has occurred, reinstate as provtded in Section 19, by causmg tbe action or proceeding to be dismissed with a ruling that., in Lender's judgment, precludes forfeiture of the Property or other material Impainnent of Lender's interest in the Property or nghts under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the tmpamnent of Lender's interest in the Property are hereby assigned and shall be paid to Lender. An Miscellaneous Proceeds that are not applied to restoration or repair of the Property sball be applied in the order provided for in Sectìon 2. WYOMING--Single FamilyuFannle Mae/Freddie Mac UNIFORM INSTRUMENT Darrow,or InÌliuls - ~ \) b Form 30~e 7 oj 11 pages) Q'9301. 3~L {ø(1l0r·~o~, ._ 'tit .Fg} 1\;. 12. Borrower Not Released; Forbearance By Lender Not II Waiver. Extension of the time for payment or modificatton of amortization of tbe 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 requued 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 nght or remedy including, Without limJtahon, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or m amounts less than the amount then due, shall not be a waiver of or preclude the exerCIse of any rigbt or remedy. 13. Jojnt aod Sever:)} 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 wbo 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-slgner's mterest in the Property under the terms of thIS Secunty Instrument; (b) is not personal1y obligated to pay the sums secured by this Security Instrument; and (c) agrees tbat Lender and any otber Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms oftbis Secunty Instrument or the Note without the co-sIgner's consent. Subject to the provistons of Section 18, any Successor In Interest of Borrower who assumes Borrower's obligattons 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 oftbis 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 semces performed in connection with Borrower's default, for the pUIl'0se of protectmg 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 authonty lD thIs Security Instrument to charge a specific fee to Borrower shaH 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 intell'reted so that the interest or other loan charges collected or to be collected m connectIon wIth tbe Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the penmtted 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 reducmg the pnnctpal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction wi11 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 wi11 constitute a waIVer of any nght of action Borrower might have ansing out of such overcharge. IS. Notices. All nonces given by BOlTower or Lender in connechon with this Security Instrument must be In writing. Any notIce to Borrower in connection witb this Secunty 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 notlce to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has desIgnated a subshtute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reportmg 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 wíth tbis Secunty Instrument shaH not be deemed to bave 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 wiI1 satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the Junsdiction in which the Property is located. All nghts 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 tbe event that any provisiOn or clause of thIs Secunty Instrument or the Note conflicts with Applicable Law, such conflict shan not affect otber provIsions of thts Security Instrument or the Note which can be given effect witbout the conflicting prOVISIon. As used m tbts Security Instrument: (a) words oftbe masculíne gender shaH mean and mclude corresponding neuter words or words of the femmme gender; (b) words in the smgular shaH mean and include tbe plural and víee versa; and (e) tbe word "may" gives sole discretion without any obligation to take any action, 17. Borrower's Copy. Borrower shan be given one copy of the Note and oftbìs Secunty Instru""±e BorrolVer Initiols V ~ WYOMING--Single Family··Fannle Mae!Freddie Mac UNIFORM INSTRUMENT Form 3051 1 01 (page 8 of J J pages) '-~.;(\'I'\.(, :or¥, ~:'\\, I,(JiJVJ'V"¡'¡"'-' ,~, 18. Transfer of tbe Property or a Beneficial Interest in Borrower. As used in this Sectíon 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, tbe intent of wbich 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 soíd or transferred (or if Borrower IS not a natural person and a beneficial interest in Borrower is sold or transferred) witbout Lender's prior written consent, Lender may require Immediate payment in full of all sums secured by tbis Security Instrument. However, this option shall not be exercIsed by Lender if such exercise is prohibited by Applicáble law. If Lender exercises tbis ophon, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not íess 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 tbese sums prior to tbe expiration ofthís period, Lender may mvoke 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 nght to have enforcement oftbis 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 Secunty Instrument; (b) such other penod as Applicable Law might specify for the termination of Borrower's nght to reinstate; or (c) entry of a judgment enforcmg this Security Instrument. Those conditions are that Borrower: (a) pays Lender an 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 10 enforcing this Security Instrument, Including, but not limIted to, reasonable attorneys' fees, property inspechon and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under tbis Security Instrument; and (d) takes such actlOn as Lender may reasonably require to assure that Lender's interest in the Property and nghts 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 wbose deposits are Insured by a federal agency, instrumentality or entity; or (d) Electromc Funds Transfer. Upon remstatement 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 tbe case of accelemtlOn under Section 18. 20. Sale of Note; Change of Loan Servicer¡ Notice of Grievance. Tbe Note or a partial interest in the Note (together wIth this Secunty Instrument) can be sold one or more times Without pnor nohce to Borrower. A sale might result 1D a change In the entity (known as the "Loan Serncer") 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 cbanges 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 tbe cbange which will state the name and address of tbe new Loan Servlcer, tbe address to whIch payments should be made and any other information RESPA requires III connection wíth a notice of transfer of servicing. If the Note IS sold and thereafter tbe Loan is serviced by a Loan Servicer other than the purchaser of the Note, tbe mortgage 10an 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 otherWIse provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be jomed to any judictal action (as eIther an tndividuallitlgant or the member of a class) tbat arises from the other party's actions pursuant to this Security Instrument or tbat alleges tbat the otber party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified tbe other party (with sucb notíce gIven in compliance With the requirements of Section 15) of such alleged breach and afforded the other party bereto 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 tl1is 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 opportumty 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, otber 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 tbat relate to health, safety or environmental protection; (c) "Environmental Cleanup" mcludes any response action, remedial action, or removal action, as defined 10 Envlfonmental Law; and (d) an "Environmental ConditIOn" means a conditIOn that can cause, contribute to, or otherwise Ingger an Envlfonmental Cleanup. 000203 WYOMING--Single Fnrnily--Fannie MaelFreddie Mac UNIFORM INSTRUMENT Borrower Initials Þ D ~ Form 30~e 9 oJ 11 pages) ¡i ~,,,,\ <r¡ç\\~ --:U Vv~'ULU"I-J n!"O?O A' ..... 'lk 1.10 ~t BOITower 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. BOITower shall not do, nor allow anyone else to do, anythmg affectmg tbe Property (a) that 1S to violation of any EnvlTonmental Law, (b) which creates an Environmental Condition, or (e) 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 shan 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 nonnal residential uses and to mamtenance of the Property (including, but not limited to, hazardous substances in consumer products). BOITower 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 EnvlTonmental Law of which BOITower bas actual knowledge, (b) any Environmental Condition, including but not limited to, any spiUing, leaking, discharge, release or threat ofrelease of any Hazardous Substance, and (e) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If BOITower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affectmg tbe Property is necessary, Borrower shan promptly take all necessary remedial actíons in accordance with Environmental Law. Nothing herem shall create any obligatían on Lender for an EnVIronmental Cleanup. NON-UNIFORM COVENANTS. BOITower and Lender further covenant and agree as foHows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or ngreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides othenvise). The notice shall specify: (n) 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 shall further inform Borrower of the right to reinstate after Deceleration nnd the right to bring a court ßction to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the derault is not cured on or before the dnte specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand ~Dd may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to coJIect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees aDd costs of title evidence. If Lender Invoices the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if düferent, In accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable LDw. Lender or its designee may purchase the Property at any sDle. The proceeds of the sale shall be applied in the following order: (D) to all expenses of the snle, including, but not limited to, reasonable attorneys' fees; (b) to nil sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by thís Security Instrument, Lender shall release this Security Instrument. BOITower shall pay any recordatíon costs. Lender may charge BOITower a fee for releasmg this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee ís permitted under Applicable Law. 24. Waivers. BOITower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. WYOMING--Single Fnmily··Faonie Mae/Freddie Mac UNIFORM INSTRUMENT Borrower Initial. ~ Dù Form 30~e 10 of 1 1 pages) ;,,1..'\ <TJ l;'\I"iI "'\"" U~tù)VA û',_"-) 000205 BY SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants contamed in this Security Instrument and 10 any Rider executed by Borrower and recorded with iL Witnesses: ~ --! -4 \ JIM R 'US (Seal) ..Borrowcr \):A n~ tl~ DANA BEUS (Seal) -BOrTOIVef (Seal) (Seal) .Borrower -Borrower rSpace Below This Line For Acknowledgment) State of WYOMING countyofd~ ss The foregomg instrument was acknowledged before me by JIM R BEUS and DANA BEDS, HUSBAND And WIFE thIs 1st day of June, 2007 Witness my hand and officIal seal. My CommIssIOn Expires: 6';;;' o~ ;) dO '/ ~j/á~ Not blic ,'/ / ¡d. J-~ I "\ (Print or type name) (Seal) JILL H. LARSON - NOTARY PUBLIC COUNTY OF LINCOlN SWEOF WYOMING MY COMMISSION EXPIRES JUNE 20, 2007 WYOMING--Single Family--Faßoie MaeIFreddie Mac UNIFORM INSTRUMENT Form 3051 1/01 (page 11 oj J J pages) LEGAL DESCRIPTION EXHIBIT' A' Order No: 6010715396 Ü~J3U1J~~ 000206 Lots 5,6,7 and 8 of Block 19 of First Addition to Tulsa, Town of LaBarge, Lincoln County, Wyoming as described on the official plat thereof as instrument No. 899806 of the records of the Lincoln County Clerk. (;ì'~'\~'~( IJ···,' OJ' , V~~iV..ti. ':..j OO(þ,-Z07 Loan No.: 19371744 MANUFACTURED HOME RIDER TO THE MORTGAGEIDEED OF TRUST/SECUIUTY DEED This Rider is made this 1ST day of JUNE , 2007 ,and is incorporated into and amends and supplements the Mortgage/Deed of Trust/Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to VANDERB ILT MORTGAGE AND FINANCE, INC. (the "Lender") of the same date (the "Note") and covering the Property described in the Security Instrument and located at: 506 MAPLE STREET, LA BARGE. WYOMING 83123 Borrower and Lender agree that the Security Instrument is amended and supplemented to read as follows: A. The Property covered by the Security Instrwnent (referred to as "Property" in the Security Instrwnent) includes, but is not limited to, the Manufactured Home (Serial Nurnber/VIN 05964998 Model: NORTGROOK Make: CHAMPION Year: 1996 Size: 16X80 ) LabeVSeal No. affixed to the property legally described in the Security instrwnent. B. Additional Covenants of Borrower: 1. Borrower will comply with all state and local laws and regulations regarding the affixation ofthe Manufactured Home to the property described in the Security Instrument including, but not limited to, surrendering the Certificate of Title (if required) and obtaining and recording the requisite governmental approval and accompanying documentation necessary to classify the Manufactured Home as real property under state and local law, Ínc1uding a statement of ownership and location. 2. The Manufactured Home described above will be, at a11 times and for aU purposes, pennanently affixed to and part of the property described ín the Security Instrument. 3. Affixing the Manufactured Home to the property described in the Security Instrument does not violate any zoning laws or other local requirements applicable to manufactured homes. 000208 ,;--~,;[) ..~ c »"'i~ ',,.,, \.JJ '.:.....tI ,.tJ 'i-v...£i.., ¡.J 'I~~ LDun ND.: 19371744 By signing below, Borrower accepts and agrees to the tenus and covenants contained in this Manufactured Home Rider. f:l~~4 JIM R DEUS Do. ~ &JJi) DANA DEUS