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HomeMy WebLinkAbout931566 7~__ 6010715577 Return To: FHHL - POST CLOSING MAIL ROOM 000739 1555 W WALNUT HILL LN #200 MC 6712 IRVING, TX 75038 Prepared By: FIRST HORIZON HOME LOANS, A DIVISION OF FIRST TENNESSEE BANK N.A. 3505 EAST OVERLAND DRIVE MERIDIAN, ID 83642 RECEIVED 7/24/2007 at 4:08 PM RECEIVING # 931566 BOOK: 666 PAGE: 739 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY (Space Above This Line For Recording Data) '"I " (," MORTGAGE MIN 100085200615976133 0061597613 DEFINITIONS r ,I /) ,.; 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 ill Secuon 16. (A) "Security Instrument" means this document, which IS dated July 19th, 2007 together with all Riders to this document (ß) "Borrower" is JOHN MORGAN &: JENNIFER REED, Husband &: Wife Borrower is the mortgagor under this Security Inslrument (C) "MERS" is Mortgage Eleclromc Regíslral10n 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. WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS . ·6A(WY) (0005).02 ~/ page~ of 15 InltJa'Sfu " L VMP Mortgage Solullons, Inc. Form 3051 1/01 11111111111111111111111111111111111 -~---, """oJU I "'!tV (D) "Lender" is FIRST HORIZON HOME LOANS, A DIVISION OF FIRST TENNESSEE BANK N.A. Lender is a NATIONAL BANK organized and eXIsting under the laws of THE UNITED STATES OF AMERICA Lender'saddressIs 4000 HORIZON WAY, IRVING, TEXAS 75063 (E) "Note" means the promissory note sIgned by Borrower and dated July 19th, 2007 The Note states that Borrower owes Lender TWO HUNDRED THIRTY NINE THOUSAND NINE HUNDRED TWENTY &. 00/100 Dollars (U.S. $ 239, 920 . 00 ) plus mterest. Borrower has promISed to pay this debt in regular Periodic Payments and to pay the debt 1ß full not later than AUGUST 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 Secunty Instrument, plus mterest (H) "Riders" means all Riders to this Secunty Instrument that are executed by Borrower. The followlßg Riders are to be executed by Borrower [check box as IPPlicableJ: D Adjustable Rate Rider D CondomInmm Ride D Second Home Rider D Balloon Rider D Planned Unit Devel pment Rider D 1-4 Family Rider D V A Rider D Biweekly Payment ider D Other(s) [specify J (I) "Applicable Law" means all controlling applicable federal, state and local stabItes, regulations, ordinances and administrative rules and orders (that have the effect of law) as" well as all applicable fmal, 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 condommlUm association, homeowners associab.on or similar organIZation. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction origmated by check, draft, or sundar paper instrument, which is mItiated through an electromc tennmal, te1ephomc instrument, computer, or magnetic tape so as to order, lnstruct, or authonze a fmancrnl insb.bItion to debit or credit an account. Such term includes, but IS not limited to, point-of-sale transfers, automated teller machine transacb.ons, transfers lnltiated 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 Secb.on 5) for: (i) damage to, or destrucb.on of, the Property; (ii) condemnation or other taking of all or any part of the Property; (ill) 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 agamst the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) pnncipal and interest under the Note, plus (ii) any amounts under Section 3 of tJùs Secunty Instrument (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 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. 0061597613 _ -6A(WY) (0005).02 <& Page 2 af 16 Inlllfllh7 r r-- Form 3051 1/01 (,...,v,.'41 (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. 1RANSFER 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 (ü) 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 m the County of Lincoln [Type of Recording Junsdiction] [Name of Recording Jumdiction] All that tract or parcel of land as shown on Schedule "A" attached hereto which is incorporated herein and made a part hereof. ParcelID Number: County: 1234183110025500 1592 STRAWBERRY CREEK ROAD BEDFORD ("Property Address"): Ci ty : which currently has the address of (Street] (City] ,Wyommg 83112 (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 Secunty Instrument. All of the foregomg 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 m this Secunty 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 linuted to, the right to foreclose and sell the Property; and to take any actIon required of Lender Including, but not 1imited to, releasmg and canceling this Security Instrument. BORROWER COVENANTS that Borrower IS lawfully seISed of the estate hereby conveyed and has the nght 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 agamst all claims and demands, subject to any encumbrances of record. TIllS SECURITY INSlRUMENT combines uniform covenants for national use and non-uniform covenants WIth limited variations by jurisdictIOn to constitute a uruform secunty mstrument covermg real property. 0061597613 .-6A(WY) (0005),02 ~ Page30f15' Inltlal~P ....ru7Vj ~m 3051 1/01 000742 UNIFORM COVENANTS. Borrower ànd 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 unpmd, Lender may requITe that any or aU subsequent payments due under the Note and this Secunty Instrument be made In one or more of the foUoWIng 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, mstrumentality, 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 msufficlent to bnng the Loan current Lender may accept any payment or partial payment insufficIent to bring the Loan current, WIthout WaIver of any nghts hereunder or prejudice to lts nghts to refuse such payment or partial payments m the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Penodic 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 bring the Loan current. If Borrower does not do so wIthin a reasonable period of ùme, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding pnncIpaI balance under the Note Immediately pnor to foreclosure. No offset or claim which Borrower mlght have now or m the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performmg the covenants and agreements secured by this Secunty Instrument. 2. Application of Payments or Proceeds. Except as otherwISe described in this Sectlon 2, all payments accepted and applied by Lender shall be applied in the following order of pnority: (a) interest due under the Note; (b) pnncIpal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each PerIodic Payment In the order m which It became due. Any remaImng 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 Penodic Payment is outstanding, Lender may apply any payment receIved from Borrower to the repayment of the Periodic Payments ti, and to the extent that, each payment can be pmd in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Penodic 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 pnncIpal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain pnority over this Secunty 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 m accordance WIth the provIsions of Sectlon 10. These Items are called "Escrow Items." At origination or at any tune during the tenn of the Loan, Lender may requIre that Commumty Association Dues, Fees, and Assessments, If any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnIsh to Lender all notices of amounts to be paId under this SectJ.on. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligatJ.on to pay the Funds for any or all Escrow Items. Lender may WaIve Borrower's obligation to pay to Lender Funds for any or all 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, the amounts due for any Escrow Items for which payment of . .6A(WY) (0005).02 Q!) Page 4 of 15 Inltla07h~ - ~CJ ~051 1101 000743 Funds has been waIved by Lender and, Ü Lender requires, shall furnish to Lender receipts eVIdencing such payment wl£hin such tune penod as Lender may require. Borrower's obligation to make such payments and to provide receIpts shall for all purposes be deemed to be a covenant and agreement contained in this Secunty Instmment, as the phrase "covenant and agreement" is used in Sect:lon 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 shall then be obligated under SecUon 9 to repay to Lender any such amount Lender may revoke the waiver as to any or all Escrow Items at any time by a notice gIven m accordance with Secuon 15 and, upon such revocat:lon, Borrower shall pay to Lender all Funds, and in such amounts, that are then reqUll'ed under this SecUon 3. Lender may, at any tune, collect and hold Funds 10 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 reqwre under RESP A. Lender shall esUmate the amount of Funds due on the basIs of current data and reasonable esUmates of expenditures of future Escrow Items or otherwIse m accordance with Applicable Law. The Funds shall be held in an institution whose deposIts are insured by a federal agency, mSlrumentality, or entity (including Lender, if Lender IS an institution 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 t:lme spectfied under RESP A. Lender shall not charge Borrower for holding and applying the Funds, annually analyzmg the escrow account, or verÜying the Escrow Items, unless Lender pays Borrower Interest on the Funds and Applicable Law penruts Lender to make such a charge. Unless an agreement is made in wrIting or Applicable Law reqwres interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnmgs on the Funds. Borrower and Lender can agree 10 wnting, however, that mterest shall be paid on the Funds. Lender shall give to Borrower, WIthout charge, an annual accounting of the Funds as reqwred by RESP A. If there IS a surplus of Funds held m escrow, as defined under RESP A, Lender shall account to Borrower for the excess funds m accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESP A, Lender shall notIfy Borrower as requll'ed by RESP A, and Borrower shall pay to Lender the amount necessary to make up the shortage 10 accordance WIth RESPA, but in no more than 12 monthly payments. If there ís a deficIency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as requll'ed by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance WIth RESPA, 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 attam 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 in Section 3. Borrower shall promptly discharge any lien which has pnority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligatJ.on secured by the lien in a manner acceptable to Lender, but only so long as Borrower IS performing such agreement; (b) contests the lien ill good faith by, or defends agamst enforcement of the lien m, legal proceedings which in Lender's opimon operate to prevent the enforcement of the lien while those proceedings are pending, but only untJ.l such proceedings are concluded; or (c) secures from the holder of the lien an agreement satISfactory to Lender subordinating the lien to this Security Instrument. If Lender determmes that any part of the Property IS subject to a lien which can attam priority over this SecurIty Instrument, Lender may gIve Borrower a notice Identifying the lien. Within 10 . -6A(WY) (0005),02 <!> Pagø50f15 ~;.,..-\-\ A !nltla' , ('~V'-'-- , Form 3051 1/01 UOU744i 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 m this SectJ.on 4. Lender may requIre Borrower to pay a one-time charge for a real estate tax venfication and/or reporting service used by Lender m connection with this Loan. S.Property Insurance. Borrower shall keep the Improvements now eXIsting or hereafter erected on the Property insured agamst loss by fIre, hazards mcluded WIthin the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires Insurance. This msurance shall be mamtaIned in the amounts (including deductible levels) and for the perIOds that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrIer providing the msurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choIce, which nght shall not be exercISed unreasonably. Lender may require Borrower to pay, In connection WIth this Loan, eIther: (a) a one-time charge for flood zone deærmmatJ.on, certJ.ficatIon and tracking servIces; or (b) a one-time charge for flood zone determmation and certJ.ficatIon servIces and subsequent charges each time remappmgs or sImilar changes occur which reasonably mIght affect such determination or certIfication. Borrower shall also be responsible for the payment of any fees Imposed by the Federal Emergency Management Agency in connection WIth the review of any flood zone determInatJ.on resulting from an objection by Borrower. If Borrower fails to mamtaIn any of the coverages described above, Lender may obtain tllsurance coverage, at Lender's optlon and Borrower's expense. Lender is under no obligation to purchase any partIcular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's eqUlty m the Property, or the contents of the Property, agamst any nsk, hazard or liability. and· mIght provide greater or lesser coverage than was previously m effect Borrower acknowledges that the cost of the insurance coverage so obtaIned mIght slgmficantly exceed the cost of msurance that Borrower could have obtamed. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this SecurIty Instrument. These amounts shall bear mterest at the Note rate fTom the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's nght to disapprove such policIes, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certIficates. If Lender reqUIres, Borrower shall promptly give to Lender all recelpts of paid premmms and renewal notices. If Borrower obtains any form of insurance coverage, not otherwtse 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 carner and Lender. Lender may make proof of loss ¡f not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any Insurance proceeds, whether or not the underlying msurance was required by Lender, 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. Dunng such repair and restoratJ.on period, Lender shall have the rIght to hold such msurance 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 mspection shall be undertaken promptly. Lender may disburse proceeds for the repwrs and restoranon in a smgle payment or m a series of progress payments as the work is completed. Unless an agreement is made in wrIting or Applicable Law requires Interest to be paid on such insurance proceeds. Lender shall not be reqUIred to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third partIes, retamed by Borrower shall not be patd out of the msurance proceeds and shall be the sole obligation of Borrower. If the restoration or repwr is not economIcally feasible or Lender's security would be lessened, the insurance proceeds shall be applied to . .6A(WY) (0005).02 Qi) Page 6 of 16 In~la~Ä~ ;V / / ferm 3051 1/01 000745 the sums secured by this Security Ins1rument, whether or not then due, with the excess, If any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for m Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claun and related matters. If Borrower does not respond wIthin 30 days to a notice trom Lender that the insurance carner has offered to settle a claim, then Lender may negot:J.ate and settle the cIaun. The 30-day perlOd wìll begm when the notice is given. In eIther event, or If Lender acquIres the Property under Section 22 or otherwise, Borrower hereby aSSIgns to Lender (a) Borrower's rights to any msurance proceeds m an amount not to exceed the amounts unpaId under the Note or this Security Ins1rument, and (b) any other of Borrower's nghts (other than the rIght to any refund of unearned premIUms paId by Borrower) under all msurance policies covenng the Property, msofar as such rights are applicable to the coverage of the Property. Lender may use the msurance proceeds either to repaIr or restore the 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 prmcipal resIdence within 60 days after the execution of this Secunty Instrument and shall cont:J.nue to occupy the Property as Borrower's pnncIpal resIdence for at least one year after the date of occupancy, unless Lender otherwISe agrees 10 writing, which consent shall not be unreasonably wIthheld, or unless extenuat:J.ng circumstances eXISt which are beyond Borrower's con1ro!. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not des1roy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower IS residing 111 the Property, Borrower shall maintain the Property m order to prevent the Property from detenorating or decreasmg In value due to its condition. Unless it is determmed pursuant to Section 5 that repair or restoration IS not economIcally feasible, Borrower shall promptly repair the Property If damaged toavOld further deterioration or damage. If insurance or condemnation proceeds are paid In conneçtion with damage to, or the ta1cing of, the Property, Borrower shall be responsible for repaning or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repaIrs and restoration m a smgle payment or m a senes of progress payments as the work is completed. If the msurance 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 mterior of the Improvements on the Property. Lender shall give Borrower notIce at the time of or prior to such an mterior mspection 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 matenal information) in connection with the Loan. Material representations include, but are not limited to, representations concermng 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 Instrumenl If (a) Borrower fails to perform the covenants and agreements contaìned in this Security Instrument, (b) there is a legal proceeding that mIght sIgmficantly affect Lender's mterest m the Property and/or nghts under this Secunty Ins1rument (such as a proceeding in bankruptcy, probate, for condemnatIon or forfeiture, for enforcement of a lien which may attain prionty 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 mterest In the Property and rights under this Secunty Instrument, mcluding protect:J.ng and/or assessmg the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are notliImted to: (a) paying any sums secured by a lien which has prionty over this Secunty Instrument; (b) appearing in court; and (c) paymg reasonable . -6A(WY) (0005).02 ~ Page70115 Inlllals~Ch,'l ~ / ~otm 3051 1(01 000746 attorneys' fees to protect Its mterest in the Property and/or nghts under this Security Instrument, Including lIS secured position In a bankruptcy proceeding. SecurJng tbe Properly Includes, but is not limited to, entenng the Property to make repaus, change locks, replace or board up doors and WIndows, drain water from pipes, elimInate building or other code violauons or dangerous conditions, and have uulities turned on or off. Although Lender may take acuon 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 mcurs no liability for not taking any or an aCUons authorized under this SecUon 9. Any amounts disbursed by Lender under this Secuon 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 requesung payment. If this Secunty 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 premmms required to maintain the Mortgage Insurance in effect If, for any reason, the Mortgage Insurance coverage reqmred by Lender ceases to be avmlable from the mortgage insurer that prevlOusly provIded such msurance and Borrower was reqwred to make separately designated payments toward the premmms for Mortgage Insurance, Borrower shall pay the premIUms required to obtam 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 m effect, from an alternate mortgage Insurer selected by Lender. If substanually equivalent Mortgage Insurance coverage IS not aVallable, Borrower shall conUnue to pay to Lender the amount of the separately desIgnated payments that were due when the msurance coverage ceased to be m effect. Lender will accept, use and retam 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 reqwred to pay Borrower any interest or earnmgs on such loss reserve. Lender can no longer require loss reserve payments íf Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an msurer selected by Lender again becomes avwlable, is obtamed, 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 requlfed to make separately desIgnated payments toward the premIUms for Mortgage Insurance, Borrower shall pay the premIUms requlfed to maintain Mortgage Insurance m effect, or to provIde a non-refundable loss reserve, until Lender's requìrement for Mortgage Insurance ends in accordance WIth any written agreement betweèn Borrower and Lender provIding for such termination or until termination is reqwred by Applicable Law. Nothing m this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses 'Lender (or any entity that purchases the Note) for certain losses it may incur 1f Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate thelf total nsk on all such msurance in force from ume to ume, and may enter into agreements with other partIes that share or modify thell 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 msurer to make payments uslOg any source of funds that the mortgage msurer may have avmlable (which may mc1ude funds obtained from Mortgage Insurance premIUms). As a result of these agreements, Lender, any purchaser of the Note, another msurer, any reinsurer, any other enllty, or any affiliate of any of the foregoing, may receIve (directly or indirectly) amounts that derive from (or mIght be charactenzed as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's nsk, or reducmg losses. If such agreement provIdes that an affiliate of Lender takes a share of the msurer's nsk in exchange for a share of the premiums pmd to the insurer, the arrangement is often termed "captive remsurance." 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. ..6A(WY) (0006).02 \!) Page8of16 InltlaIS:t\\vf21'è I /' Form 3051 1/01 000747 (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 automatícally, 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 repatr of the Property, if the restoratIon or repmr IS economically feasible and Lender's secunty IS not lessened. Dunng such reparr and restoratIon penod, Lender shall have the nght to hold such Miscellaneous Proceeds untIl Lender has had an opportumty to mspect 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 repaírs and restoratIon In a single disbursement or in a senes 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 Miscellaneous Proceeds, Lender shall not be requIred to pay Borrower any mterest or earnings on such Miscellaneous Proceeds. If the restoratIon or reparr IS not economIcally feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Secunty Instrument, whether or not then due, with the e-xcess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for 10 Section 2. In the event of a total taking, destructIon, or loss 10 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 m 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 Secunty Instrument immediately before the partial taking, destructIon, or loss in value, unless Borrower and Lender otherwISe agree In wnting, the sums secured by this Secunty Instrumerit shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the followmg fractIon: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss III value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss ill value. Any balance sl1all be 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 less than the amount of the sums secured lffimediately before the partIal taking, destruction, or loss in value, unless Borrower and Lender otherwIse agree 10 writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Secunty Instrument whether or not the sums are then due. . If the Property is abandoned by Borrower, or If, after nouce 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 authonzed to collect and apply the Miscellaneous Proceeds either to restoratIon or reparr of the Property or to the sums secured by this Secunty Instrument, whether or not then due. "Opposmg Party" means the third party that owes Borrower Miscellaneous Proceeds or the party agamst whom Borrower has a right of action ill regard to Miscellaneous Proceeds. Borrower shall be In default If any action or proceeding, whether civù or crimInal, IS begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's Interest m the Property or nghts 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 dismlSsed with a ruling that, 10 Lender's Judgment, precludes forfeiture of the Property or other material impanment of Lender's interest ill the Property or nghts under this Security Instrument The proceeds of any award or claun 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 rep8ll' of the Property shall be applied In the order provIded for m Section 2. . -6A(WY) (0006).02 (!) Pagø90f16 '""'''~fZM/ V /F1r&.:wS1 1/01 Vf~\r¡09:~ 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 m 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 onginal Borrower or any Successors m Interest of Borrower. Any forbearance by Lender in exercising any nght or remedy mcluding, without limitatlon, 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 obligatlons 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-sIgnmg this SecUrIty Instrument only to mortgage, grant and convey the co-sIgner's interest In the Property under the terms of this Secunty 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 tenns of this SecurIty Instrument or the Note without the co-signer's consent. Subject to the provIsions of Section 18, any Successor ill Interest of Borrower who assumes Borrower's obligations under this Secunty Instrument in wnting, and is approved by Lender, shall obtam all of Borrower's nghts 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 m connection with Borrower's default, for the purpose of protecting Lender's Interest in the Property and rights ill)der this Security Instrument, mcluding, but not limIted to, attorneys' fees, property inspection and valuatlon 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 chargmg 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 maxunum loan charges, and that law IS finally interpreted so that the mterest or oilier 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 permmed 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 pnncIpal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction wùl 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 actlon 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 wnting. Any notice to Borrower In connection with this SecurIty Instrument shall be deemed to have been given to Borrower when mailed by f.irst class mail or when actually delivered to Borrower's nOUce address if sent by other means. Notice to anyone Borrow.er shall constltute notice to all Borrowers unless Applicable Law expressly reqUITes 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 tlme. Any notice to Lender shall be gIven by delivering It or by mailing it by first class maiI' to Lender's address stated herein unless Lender has desIgnated another address by notlce 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 reqwred under Applicable Law, the Applicable Law requirement wIll satISfy the corresponding requirement under this Security Instrument. . -SA(WY) (0005),02 <I> Page 10 at 15 In lla~ -. / / I/~m 3051 1/01 000'49 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdictlOn in which the Property is located. All rights and obligatlons contamed In this SecurIty Instrument are subject to any reqUIrements and Iimitatlons of Applicable Law. Applicable Law might explicitly or implicitly allow Ú1e partles to agree by contract or it might be silent, but such silence shall not be construed as a prohibition aglUnst agreement by contract. In the event that any provision or clause of this SecUtlty Instrument or the Note conflicts with Applicable Law, such conflict shall not affect oÚ1er provisions of this SecUrIty InSlIUment or the Note which can be given effect wiÚ10ut the conflictmg proviSion. AI; used m this SecurIty Instrument: (a) words of the masculine gender shan mean and include corresponding neuter words or words of the feminine gender; (b) words m the smgular shall mean and include the plural and vice versa; and (c) the word "may" giVes sole discretion Without any obligation to take any actlon. 17. Borrower's Copy. Borrower shall be giVen one copy of the Note and of this SecuÌity Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used m this Section 18, "Interest in the Property" means any legal or beneficial interest m the Property, mcluding, but not limited to, Ú10se beneficial interests transferred in a bond for deed, contract for deed, mstallment sales contract or escrow agreement, the mtent of which is the Iransfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest m Ú1e Property is sold or transferred (or if Borrower is not a natural person and a benefic1al interest in Borrower IS sold or transferred) Without Lender's prIor written consent, Lender may requITe Immediate payment in fun of all sums secured by this Security Instrument. However, this optlon shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercIses this optJ.on, 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 Secuon 15 within which Borrower must pay all sums secured by this SecUrIty Instrument. If Borrower fails to pay these sums pnor to the expiratlon of this penod, Lender may mvoke any remedies permitted by this Security Instrument Without further notIce or demand on BOITower. 19. Borrower's Right to Reinstate After Acceleration. If BOITower meets certaìn conditions, Borrower shall have the nght to have enforcement of this Sf;Cunty Instrument discontJ.nued 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 period as Applicable Law might specify for the termínatJ.on of BOITower's right to reìnstate; or (c) entry of a judgment enforcIng this Secunty 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 mcurred in enforcmg this Secunty Instrument, including, but not limited to, reasonable attorneys' fees, property mspectlon and valuation fees, and other fees mcurred for the purpose of protecting Lender's mterest in the Property and rights under this Secunty Instrument; and (d) takes such action as Lender may reasonably reqwre to assure Ú1at Lender's mterest in the Property and nglits under this SecurIty Instrument, and Borrower's obligation to pay the sums secured by this Security InSlIUment, shall continue unchanged. Lender may requìre that Borrower pay such remstatement sums and expenses in one or more of the followmg 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 instJ.tutIon whose deposIts are Insured by a federal agency, instrumentality or entIty; or (d) Electroruc Funds Transfer. Upon reinstatement by Borrower, this Secunty Instrument and obligations secured hereby shall remlUn fully effective as 1f no acceleration had occurred. However, this fIght to reinstate shall not apply ìn the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partlal interest in the Note (together with this Secunty InslIUment) can be sold one or more tlmes without prior notice to BOITower. A sale might result m a change m the entity (known as the "Loan Servicertl) that conects Periodic Payments due under the Note and this Secunty Instrument and performs oÚ1er mortgage loan servicìng 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 wdl state the name and address of the new Loan Servlcer, the address to which payments should be made and any other mformation RESP A reqUIres In connectlon with a . -6A(WY) (0006).02 <8> Page 11 of 15 nltlaIS:~, ' I~~ /tf¥ ' Form 3051 1/01. 'L~l1IJtl' ¡~U nouce of transfer of servIcmg. 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 servicmg obligations to Borrower will remain with the Loan ServIcer or be transferred to a successor Loan ServIcer and are not asswned by the Note purchaser unless otherwIse provIded by the Note purchaser. Neither Borrower nor Lender may commence, join, or be jomed to any JudicIal actIon (as eIther an mdivIduallitigant or the member of a class) that aflses 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 Secunty Instrument. until such Borrower or Lender has notIfied the other party (with such notIce given m compliance WIth the reqUIrements of SectIon 15) of such alleged breach and afforded the other party hereto a reasonable penod after the gIving of such notice to take correcllve actIon. If Applicable Law provIdes a tIme period which must elapse before certaIn actIon can be taken, that time penod wm be deemed to be reasonable for purposes of this paragraph. The notIce of acceleratlOn and opportumty 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 notlce and opportumty to take correcttve action provisions of this Section 20. 21. Hazardous Substances. As used In this Section 21: (a) "Hazardous Substances" are those substances defmed as toxic or hazardous substances, pollutants, or wastes by Envlfonmental Law and the followmg substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicIdes, volatIle solvents, materials COntaIning asbestos or formaldehyde, and radioactive mater1als; (b) "Envlfonmental Law" means federal laws and laws of the junsdiction where the Property is located that relate to health, safety or environmental protecuon; (c) "Envlfonmental Cleanup" mcludes any response actton, 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 U'igger an Environmental Cleanup. BorroWer shall not cause or perrrut the presence, use, disposal. storage. or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. BorroweI: shall not do, nor allow anyone else to do, anything affecting the Property (a) that IS m vlOlauon of any Envll'onmentaI Law, (b) which creates an Envlfonmental 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 residentlá1 uses and to mamtenance of the Property (including, but not limIted to, hazardous substances ill consumer products). Borrower shall promptly glve Lender wntten notIce of (a) any învestigatìon, claim, demand, laWSUIt or other action by any governmental or regulatory agency or private party mvolvmg the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any EnvIIonmental Condition, lDcluding but not linnted 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 1S notified by any governmental or regulatory authonty, or any private party, that any removal or other remediatIon of any Hazardous Substance affectmg the Property IS necessary, Borrower shall promptly take all necessary remedial acttons in accordance WIth Environmental Law. Nothing herem shall create any obligatlon on Lender for an EnvlfOnmental Cleanup. . -6A(WY) (0005).02 I!> Page 12 of 16 InlllaIS:/W~ ~' Form 3051 1/01 000751 "NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following BO,rrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). 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 iu 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 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 eonect aU 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 shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not. limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this SecurIty Instrument, Lender shall release this Secunty Instrument. Borrower shall pay any recordauon costs. Lender may charge Borrower a fee for releasing this Secunty Instrument, but only If the fee IS paid to a third party for servIces rendered and the chargmg of the fee IS permItted under Applicable Law. 24. Waivers. Borrower releases and waives all nghts under and by virtue of the homestead exemption laws ofWyommg. . -6A(WY) (0005).02 ŒI Page 130115 InlllaçsY'-C}/fJ ') ~ ~rm 3051 1/01 -·U'v ~'''''IV BY SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants' contained in this SecurIty Instrument and in any Rider executed by Borrower and recorded with it Witnesses: \k\¡~ 0061597613 .-6A(WV) (0005).02 èI!> ,_. (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower ~ ;¡..:".,',',~,: ~¿ :)~ .:..\..... , \ .f~ j; i. If p! ~r, o~r;i ~S;:I~~~ (S~. -Borro11fl t ~ ! ~II --~~~j -Borrow r (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower Paga14of15 Form 3051 1/01 000753 Virginia STATE OF'W~~m~ ~:=NeeI.N- Henrieo County ss: The foregoing lOSlrument was acknowledged before me this by JOHN MORGAN & JENNIFER REED My CommisSIon Exprres: ~pkMb¿r 5~aolO .....----..................................... --- OFFICIAl SEAl ~~:- COUNTY OF _~QD My 00mrnIeItcíft ... --__~ao... ~------- 14 1(;tó;l7C>,b ~~ Nr Ji 0061597613 . -6A(WY) (0005}.02 . <!Þ Initials: Page 15 of 1 5 Form 3051 1/01 ..., '" _ r '"" .Ao Schedule A Exhibit A File 6010715577 Description The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is descrìbed as follows: Portions ofthe Southwest Quarter ofthe Northeast Quarter and the Southeast Quarter ofthe Northwest Quartér of Section 31, Township 34 North Range 118 West of the 6th P.M" Lincoln COWlty, Wyoming located South of the centerline of the Strawberry Creek County Road No. 12-126 and being more particularly described as follows: BEGINNING at the Center Quarter Corner of said Section 31 and running thence North 34°10'59" West, 618.99 feet, more or less, to the begiruúng of a curve to the right in the centerline of said County Road and having a radius of 1909.859 feet; thence running Southeasterly, along said curve through a central angle of 20°26' an arc distance of 681.111 feet to a tangent line; thence South 63°45'05" East, ~ong last said tangent line, 202.64 feet to the begimúng of a 19° curve to the left having a radius of301.56 feet; thence running along last said curve through a central angle of 20°16'05" ail arc distance of 106.674 feet to a point on said curve; thence leaving said centerline and running South, 208.45 feet, more or less, to a point in South line of said Southwest Quarter of the Northeast Quarter, said point being 728,00 feet North 89°44'53" West from the Southeast corner of said Southwest Quarter of the Northeast Quarter; thence North 89°44'53" West, 587.08 feet to the POINT OF BEGINNING.