HomeMy WebLinkAbout934087
After Recordi ng Return To:
COUNTRYWIDE HOME LOANS, INC.
MS SV-79 DOCUMENT PROCESSING
P.O.Box 10423
I
Van Nuys, CA 91410-0423
Prepa-ed By:
DEBORAH SCHIMEK
RECEIVED 10/16/2007 at 10:16 AM
RECEIVING # 934087
BOOK: 615 PAGE: 651
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space AboveThis Line For Recording Data]
ooQ(pSI
00017929482609007
[DOc ID It]
MORTGAGE
MINI001337-0002556342-3
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DEFINITIONS
Words usOO in multiple sedions of this document a-e defined below ald other words a-e defined in Sa::tions 3,
11, 13, 18, 20 a1d 21. Ce1cin rules re.;ra-ding the u!aJe of words usOO in this document a-e aloo provided in
Sa::tion 16.
(A) "Se:urity Instrument" meensthisdocument, which isdcted SEPTEMBER 25, 2007 ,togetherwith
all Ri ders to thi s document.
(B) "Borrower" is
DONALD DAVIS
Borrower is the mortgé9or under thi s Securi ty Instrument.
(C) "MERS' is Mortgége Eledronic Re.;ristrction SystEms, Inc. MERS is a sepa-áe corporction thå isëding
ooley as a nominæ for Lender a1d Lender's suc:c:esoors ald assigns. MERS is the mortgagæ under this
Se:urity Instrument. MERS is orgalized a1d EÐ<isting under the laNS of DeaNa-a, ald has al cddress a1d
telephone number of P.O. Box 2026, Flint, M I 48501-2026, tel. (888) 679-MERS.
(D) "Lender" is
Countrywide Bank, FSB.
Lender is a FED SVGS BANK
orgalized ald EÐ<isting under the laNsof THE UNITED STATES
Lender's OOdress is
1199 North Fairfax St. Ste.500, Alexandria, VA 22314
(E) "Note' meensthe promisa:>ry note signed by Borrower a1d dáed SEPTEMBER 25, 2007 . The Note
stáes thci Borrower owes Lender
ONE HUNDRED TWENTY THOUSAND and 00/100
DaI I a-s (U,S. $ 120,000.00 ) plus interest. Borrower has promisOO to pay this debt in re.;rula- Periodic
Pco/ments ald to pay the debt in full not I cter thal OCTOBER 01, 2037
(F) "Property" meens the prope1y thct is des::ribed below under the hea:!ing "Tralsfer of Rights in the
Prope1y."
(G) "Loan" meensthedebt evidenœj by the Note, plus interest, alY prepayment cha-gesald Icte cha-ges due
under the Note, ald all sums due under thi s Securi ty I nstrument, pi us interest.
WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS
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(H) "Rida-s' meensal Rida-stothisSa::urity Instrument thd a-eexenrted by Borrowa-. The foil owi ng Rida-s
a-e to be exenrted by Borrowa- [cha::k box as ~pl i ccbI e] :
o AdjustcÐIe Rete Rida- 0 Condominium Rider 0 Sa::ond Home Rida-
o Saloon Rida- 0 Plémed Unit Dewelopmalt Rida- 0 1-4 Fanily Rider
OVA Rida- 0 Biweekly Paýma1t Rider 0 Otha-(s) [~fy]
000652
(I) "ApplicableLaw" meensal controlling ~icà>lefeda-a, stdemd loca stdutes, reguldions, ordinmces
md a::Iministrdive rules end orders (thci have the effEd of IaN) as well as al ~plicà>le fina, non-~pealéble
judicia opinions.
(J) "Community AS&>Ciation Dues, Fees, and Aæessma1ts' meens al dues, fees, assessnents end otha-
cha"ges thët a-e i mpoæ:l on Borrowa- or the PropErty by a condomi ni um assx:i di on, homeowna-s assx:i åi on or
simila- orgmizåion.
(K) "EIEdronic Funds Transfa-" meens my trmsfa- of funds, otha- thm a trmsætion originåed by chEd<,
drctt, or simila- ~ instruma1t, which is initided through m elEdronic ta-mina, telephonic instrument,
computa-, or maJnetic t~ &> as to orda-, instruct, or arthorize a finmcia institution to debit or credit m
a::count. SJch ta-m indudes, but is not limited to, point-of-sae tra1sfa-s, artomcied tella- mæhine trmsætions,
trmsfa-s i ni ti åed by telephone, wi re trmsfa-s, end artomcied d eEl"i nghouæ trmsfa-s.
(L) "Escrow I tans' meensthoæitansthd a-edæ::ribed in Se:tion 3.
(M) "M i &:ell aneous Pr oceeds' meens my compa1scii on, settl ana1t, aNa-d of danaJes, or proceeds pa d by
a1'f third paiy (otha- thm insurmœ proceeds pad unda- the cova-aJes dæ::ribed in Se:tion 5) for: (i) danaJe
to, or destruction of, the Property; (ii) condannåion or otha- ta<ing of al or my pat of the PropErty; (iii)
conveymœ in lieu of condanndion; or (iv) misrepresentations of, or omissions as to, the vaue mdlor condition
of the Property.
(N) "Mortgage I nsuranœ' meens insurmce protEding La1da- aJainst the nonpayma1t of, or defaJlt on, the
LOa1.
(0) "Pa-iodic Payma1t" meens the regula-Iy ocheduled anount due for (i) principéi md inta-est unda- the
Note, plus(ii) my anountsunda- SEdion 3 of this Sa::urity Instrument.
(P) "RESPA" meens the Real Eståe Settlana1t Proœ:lures Act (12 U.S.C. SEdion 2601 et æ: .) end its
implema1ting regulåion, Regulation X (24 C.F.R. Pa1 3500), as they might be ana1ded from time to time, or
my a::Iditiona or suc::ces&>r legislåion or regulåion thå gova-ns the salle subjEd måta-. As used in this
Sa::urity Instrument, "RESPA" refa-s to al r~uirana1ts md restrictions that a-e impoæ:l in rega-d to a
"feda-aly relåed mortgaJe 10a1" ewa1 if the Lom does not quaify as a "feda-aly relåed mortgaJe 10m" unda-
RESPA.
(Q) "SJc::ces&>r in I nta-est of Borrowa-" meens my paty thët has ta<a1 title to the PropErty, whetha- or not
thå paty has assumed Borrowa-'s obi igdi ons unda- the Note a1dIor thi s Sa::urity Instrument,
TRANSFER OF RI GHTS I N THE PROÆRTY
This Sa::urity Instrument SEnJres to La1da-: (i) the repayment of the Lom, md al reneNas, exta1sions md
modificctions of the Note; md (ii) the performa1ce of Borrowa-'s covEJ1a1ts md aJreernents unda- this Sa::urity
Instruma1t md the Note. For this purpoæ, Borrowa- does ha-eby mortgaJe, grmt md convey to MERS (SJlely
as nominæ for LEIlda- md La1da-' s suc::ces&>rs md assigns) end to the SUcces9J/"S md assigns of MERS, with
powa- of sae, the following dæ::ribed propErty loccted in the
COUNTY of
[Type of Recording .1Jri s:ticti on]
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A
LINCOLN
[Nane of Rec:ordi ng Juri s:ti cti on]
PART HEREOF.
Pa"ceI 10 Numba-: 61596
whi ch curra1tl y has the a::Idress of
801 SUBLET AVE, DIAMONDVILLE
[Street/City]
Wyoming 83116
[Zip Code]
("PropErty AddresS'):
TOGETHER WITH al the improvanents now or ha-eetta- a-Eded on the propErty, end al easements,
~purta1a1CE!5, md fixtures now or ha-eáta- a pat of the propErty; All repla:ana1ts md a::Iditions shal a&> be
cova-ed by this Se;urity Instruma1t. All of the foregoing is refa-red to in this Se;urity InstrumEJlt as the
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"A"opErty." Borrowa- under&a1ds end aJrees thet MERS holds only lega title to the inta-ests grented by
Borrowa- in this Sa::urity In&rUmSlt, but, if ne::essay to comply with IaN or cu&om, MERS (as nominee for
LSlda- end Lenda-'s SUcœ59J "S end assigns) has the right: to exa-ciæ eny or al of thoæ inta-ests, induding, but
not limitED to, the right to fora::loæ end sell the A"opErty; end to tëKe <rrf ætion rEGuired of LSlda- induding,
but not limitED to, releasing end ccnceling this Sa::urity In&ruma1t.
BORROWER COVENANTS thet Borrowa- is laNfully seised of the estete ha-eby conveyED end has the
right to mortgaJe, grent end convey the A"opErty a1d thet the A"opErty is unEncumba"ed, except for
S1CUmbrenœs of record. BorrO'Na- warcnts end wi II defend gSla-a I y the ti tl e to the A"opErty aJai nst a I d ai ms
end demends, subj Ed to eny Slcumbrenœs of record.
THIS SECURITY INSTRUMENT combines uniform covSlents for netiona uæ end non-uniform
COVSlcntS with limitED va-ictions by juri&liction to con&itute a uniform SECUrity in&rUmSlt cova-ing rea
property.
UNI FORM COVENANTS. BorrO'Na- end LSlda- covSlent end aJræ as follows:
1. PaymSlt of Principal, I nta-est, Eocrow Items, PrepaymSlt Charges, and Late Charges.
BorrO'Na- shal pay WhSl due the principa of, end inta-est on, the debt evidSlced by the Note end eny
prepaymSlt cha-ges end lete cha-ges due unda- the Note. Borrowa- shal as) pay funds for Eocrow Items
pursuent to SEdion 3. Payments due unda- the Note end this Sa::urity In&rumalt shal be ma:le in U.S. currSlcy.
Howeva-, if eny cha::k or otha- instrument received by LSlda- as payment unda- the Note or this Se:urity
In&rument is returned to LSlda- unpaid, LSlda- may rEGuire thet eny or al SUbseqUSlt payma1ts due unda- the
Note end this Security InstrumSlt bemooe in one or more of the following forms, asselEded by Lenda-:(a) cæt1;
(b) money orda-; (c) œ1ified cha;k, bcnk che:!<, treasura-'scha::k or cæt1ia-'scha;k, provided eny such che:!< is
draNn upon en in&itution whoæ deposits'a-e insured by a feda-a aJSlcy, in&ruma1taity, or Sltity; or (d)
B Edroni c Funds Trensfa-.
Payments a-e deemed received by LSlda- WhSl received et the locction designetED in the Note or et such
otha- locciion as may be designeted by LSlda- in a:cordcnœ with the notice provisions in SEdion 15. LSlda-
may return eny payment or pcrtia payma1t if the payma1t or pcrtia paymSlts a-e insufficiSlt to bring the Locn
current. LSlda- may a:œpt eny payment or paiia paymalt insufficient to bring the Locn currSlt, without
waiva- of eny rights ha-aJnda- or pr~udiceto its rights to refuæsuch paymSlt or pcrtia payma1ts in the future,
but Lenda- is not obligeted to ~ply such payments et the time such payma1ts a-e axeptED. If eed1 Pa"iodic
Payma1t is ~plied as of its scheduled due dëte, thSl Lenda- need not pay inta-est on un~plied funds. LSlda-
may hold such uÆPPliED funds until Borrowa- mëKes payma1t to bring the Loen currSlt. If Borrowa- does not
do S) within a reæ>l1ciJle pa-iod of time, LSlda- shal either ~ply such funds or return them to Borrowa-. If not
~plied eerlia-, such funds wi II be ~plied to the out&ending principa baence unda- the Note immedietely prior
to fora::losure. No offset or daim which Borrowa- might hale ncm or in the future aJain& LSlda- shal relieve
Borrowa- from mëKing paymSlts due unda- the Note end this Security In&rUmSlt or performing the covSlents
end aJreerTlS1ts SECUred by thi s Securi ty I n&rUmSlt.
2. Application of PaymSlts or Procæ:ls. Except as othawiæ dæ:ribed in this Section 2, al paymSlts
ccœptED end ~plied by LSlda- shal be ~plied in the follO'Ning orda- of priority: (a) inta-est due unda- the
Note; (b) principa due unda- the Note; (c) anounts due unda- SEdion 3. &lch payma1tsshal be ~Iied to eech
Pa"iodic PaymSlt in the orda- in which it œ:ane due Any remaining anounts shal be ~plied fir& to lete
cha-ges, second to eny otha- anounts due unda- this Security In&rumSlt, end thSl to reduce the principa
balence of the Note.
If LSlda- receives a paymalt from Borrowa- for a delinquent Pa"iodic Payment which indudes a sufficiSlt
anount to pay eny I cte cha-ge due, the paymSlt may be ~pI i ED to the del i nquSlt paymSlt end the I ëte cha-ge. If
more then one Pa"iodic PaymSlt is outstending, LSlda- may ëpply eny paymalt receivED from Borrowa- to the
repayment of the Pa"iodic PaymSltsif, end to theextSlt thet, eed1 paymSlt ccn be paid in full. To the extent thct
eny excess exi sts afta- the paymSlt is ëppl i ed to the full payma1t of one or more Pa"i odi c PaymSlts, such excess
may be ëppl i ed to eny I ete cha-ges due Vol unta-y prepayments sha I be ëppl i ed fi r& to æy prepayma1t cha-ges
end thSl as dæ:ri bed in the Note.
Any ~licciion of payma1tS, insurcnœ procæ:ls, or Mis::elleneous A"ocæ:Is to principa due unda- the
Note sha I not extSld or po&pone the due dcte, or chcnge the anount, of the Pa"i odi c Payments.
3. Funds for EocrO'N Items. Borrowa- shal pay to LSlda- on the day Pa"iodic Payma1ts a-e due unda-
the Note, until the Note is paid in full, a sum (the "Funds") to provide for paymSlt of anounts due for: (a) taxes
end asse5S1lSlts end otha- items whi ch ccn éitai n priority ova- thi s Sa::urity I n&rumalt as a IiSl or Slcumbrence
on the A"opErty; (b) leasehold payments or ground rSlts on the A"opErty, if <rrf; (c) premiums for eny end al
insurence rEGuired by LSlda- unda- SEdion 5; end (d) MortgaJe Insurence premiums, if eny, or eny sums
payciJle by BorrO'Na- to LSlda- in liaJ of the payment of MortgaJe Insurence premiums in æcordence with the
provisions of SEdion 10. These itemsa-e called "E&AOW Items." At originction or et æy time during theta-m of
the Locn, LSlda- may rEGuirethet Community Associetion Dues, Fees, end AssessmSltS, if æy, be e&:rO'Ned by
BorrO'Na-, end such dues, fees end asse5S1lSlts shal be en Es:row Item. Borrowa- shal promptly furnish to
Lenda- al notices of anounts to be paid unda- this SEdion. Borrowa- shal pay Lenda- the Funds for Eocrow
Items unless LSlda- waives BorrO'Na-'s obligction to pay the Funds for eny or al Eocrow Items. LSlda- may
waive Borrowa-'s obligction to pay to LSlda- Funds for eny or al Es:rO'N Items ct eny time. Any such waiva-
may only be in writing. In the evSlt of such waiva-, Borrowa- shal pay dirEdly, WhSl a1d wha-e payå:>le, the
anounts due for æy EocrO'N Items for which payment of Funds has bæ1 waived by Lenda- end, if Lenda-
rEGuires, shal furnish to LSlda- receipts evidSlcing such payma1t within such time pEJiod as Lenda- may
rEGui re. BorrO'Na-'s obi i gcti on to mëKe such payments end to provi de recei pts sha I for al purposes be deemed to
be a covSlent end aJrænent contained in this Sa::urity In&rUmSlt, as the phrase "covSlæt end aJreement" is
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usa:! in Sedion 9. If Borrower is obligaed to pay Es::rCM' Items directly, purSJmt to a waver, md BorrCM'er
fals to pay the anount due for m Es::rCM' Item, Lender may exercise its rights under Sedion 9 a1d pay SJch
cmount a1d Borrower shal then be obligëted under Sedion 9 to repay to Lender my SJch cmount. Lender may
revoke the waver as to my or al Escrow Items a alY time by a notice given in occordmcewith Sedion 15 md,
upon SJch revocåion, Borrower shal pay to Lender al Funds, end in such cmounts, thët ere then required under
thisSedion 3.
Lenda- may, a alY time, collect md hold Funds in al cmount (a) sufficient to pa-mit Lender to ~Iy the
Funds a the ti me spEdfi ed under RESPA, md (b) not to exceed the maxi mum cmount a lender ccn requi re unda-
RESPA. Lenda- shal estimae the cmount of Funds due on the basis of current daa md reasonctJle estillléies of
expenditures of future Escrow I tems or otherwi se in ax:ordmce wi th Appl i ŒÐI eLaN.
The Fundsshal be held in m institution whose deposits ere inSJred by afedera agency, instrumentaity, or
entity (induding Lender, if Lenda- is al institution whose deposits ere s:> inSJred) or in alY Federa Home Loen
Bmk. Lenda- shal ~ply the Funds to pay the Ero-ow Items no laa- then the time spEdfied under RESPA.
Lender shal not cherge BorrcJWa- for holding end ~plying the Funds, ennualy cnalyzing thle r:s:.row occount, or
verifying the Ero-CM' Items, unless Lenda- pays BorrCM'er inta-est on the Funds end Applicct>le LaN permits
Lender to rM<e sud1 acherge. Unlessm agreement is nø:le in writing or Applicct>le LaN requires inta-est to be
péid on the Funds, Lender shal not be required to pay Borrower alY inta-est or eernings on the Funds. Borrower
end Lenda- ccn agræ in writing, hCM'ever, tha inta-est shal be pad on the Funds. Lender shal give to
BorrCM'er, wi thout cherge, m mnua ax:ounti ng of the Funds as requi red by RESPA.
If tha-e is a SJrplus of Funds held in r:s:.row, as defined under RESPA, Lenda- shal occount to Borrower
for the excess funds in ax:ordencewith RESPA. If tha-e is a shortage of Funds held in r:s:.row, as defined under
RESPA, Lenda- shal notify Borrower as required by RESPA, a1d Borrower shal pay to Lenda- the cmount
necessay to ma<e up the shortage in ax:ordmce with RESPA, but in no more tha112 monthly payments. If
there is a deficiency of Funds held in æ:row, as defined unda- RESPA, Lenda- shal notify BorrCM'er as required
by RESPA, end BorrCM'a- à1al pay to Lender the crnount neœsscry to ma<e up the deficiency in axordmce
with RESPA, but in no more then 12 monthly payments.
Upon payment in full of al SJms SEnJred by this StnJrity Instrument, Lender shal promptly refund to
Borrower eny Funds held by Lender.
4. Charges; Liens. Borrowa- shal pay al taxes, assessments, chcrges, fines, end impositions
åtri butàJl e to the Property whi ch ccn åta n pri ority ova- thi s StnJri ty I nstrument, I easå101 d payments or ground
rents on the Property, if my, ald Community AS9JCÌaion Dues, Fees, md Asse5S1lentS, if alY· To the extent
thét these items ere Es::row Items, Borrower shal pay them in themcnner provided in Sedion 3.
Borrower shal promptly dis::herge my lien which has priority ova- this StnJrity Instrument unless
BorrCM'a-: (a) agrees in writing to the payment of the obligaion SEnlred by the lien in a mcnna- a::ceptcble to
Lenda-, but only s:> long as BorrCM'er is performing such agreement; (b) contests the lien in good fath by, or
defends aganst enforœnent of the lien in, lega proceedings which in Lenda-'s opinion operae to prevent the
enforœnent of the lien while those proceedings ere pending, but only until such proceedings ere conduded; or
(c) SEnJresfrom the holder of the lien en agreement s:tisfEdory to Lender subordinaing the lien to this StnJrity
Instrument. If Lender determines tha eny pa:1 of the Property is SJbjed to a lien which ccn atan priority over
this StnJrity Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the dcte on
which tha notice is given, Borrower shal s:tisfy the lien or ta<e one or more of the cdions set forth cbove in
thisSedion 4.
Lender may require BorrCM'er to pay a one-time cherge for a real estae tax verificåion a1dIor reporting
service usa:! by Lender in connedion with this Lom.
5. Property I nsurance. Borrower shal keep the improvements OON existing or hereetter ereded on the
Property inSJred aganst loss by fire, haza-ds induded within the ta-m "extended coverage," end eny other
haza"ds induding, but not limited to, ea'thqua<es a1d floods, for which Lender requires inSJrence. This
insurcnœ shal be mantaned in the cmounts (including deductible levels) ald for the periods thét Lender
requi res. VVha Lender requi res purSJmt to the precedi ng sentences ccn cha1ge duri ng the term of the L om. The
inSJrcnœ carier providing the inSJrmce shal be chosen by Borrowa- SJbject to Lenda-'s right to di~prove
BorrCM'er's choice, which right shal not be exercisa:! unreasonàJly. Lender may require Borrowa- to pay, in
connedion with this Locn, either: (a) a one-time chél"gefor flood zone dEterminaion, certificåion end tra::king
services; or (b) a one-timechél"gefor flood zone determirniion md certificåion services a1d SJbs9;: uent chél"ges
EŒh time rem~pings or similél" chenges occur which reasonàJly might áfed such determirniion or
certifi cåi on. Borrower shal as:> be responsible for the payment of eny fees impoæ:l by the Federa Emergency
Menagement Agency in connedion with the revieN of 'énf flood zone determinaion resulting from en objection
by Borrower.
If Borrower falsto mantan eny of the coveragesdr:s:.ribed cbove, Lender may obtan inSJrencecoverage,
a Lender's option ald Borrower's expense. Lender is under no obliQétion to purchase eny paiiculél" type or
cmount of coverage. Therefore, such coverage shal cover Lender, but might or might not proted Borrower,
Borrower's equi ty in the Property, or the contents of the Property, aga nst eny ri sk, haza-d or Ii cbi I i ty end mi ght
provide greeter or lesser coverage then was previously in effed, Borrower a::knowledges thët the cost of the
insurence coverage s:> obtaned might significcntly exceed the cost of inSJrmce tha Borrower could hale
obtaned. Any cmounts disburse:! by Lender under this Sedion 5 shal become ooditional debt of Borrower
SEnlred by this StnJrity Instrument. These cmounts shal beer interest a the Note rae from the daè of
disbursement end shal be paycble, with SJch interest, upon noticefrom Lender to BorrCM'er rEquesting payment.
All insurcnœ policies required by Lender end reneNasof SJch policies shal be SJbjed to Lender's right to
di~prove such policies, shal indude a stmdél"d mortgage daJse, a1d à1al ncme Lender as mortgagee mor
as m ooditiona loss payæ Lender shal have the right to hold the policies a"id reneNa certificåes. If Lender
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requi res, Borrower Slall promptl y gi ve to L alder all recei pts of pa d prani ums md reneNaI noti œs. I f Borrower
obtans my form of inSJrmce cover~e, not othawise required by Lender, for dcrn~e to, or destruction of, the
Propa1y, such pol icy å1a11 i ncl ude a stCllda-d mortg~e cI alse md Slall ncrne L alder as mortg~ee a1CIIor as m
ëdditiona losspayæ
In the everrt of loss, Borrower Slall give prompt notice to the insurcnœ ccrrier md Lalder. Lalder may
m~e proof of loss if not ma::le promptly by Borrower. Unless Lalder CIld Borrower othawise ~ree in writing,
my inSJrmce proceeds, whåher or not the underlying inSJræœ was required by Lalder, Slall be ~plied to
restorëtion or repar of the Property, if the restorëtion or repéir is a::onomically feasible md Lender's æ:urity is
not lessened. During SJch repar md restoråion period, Lender Slall have the right to hold SJch inSJræœ
proceeds until Lender has ha::l m opportunity to inspe:;t such Property to alSJre the work has been complåed to
Lender's sëtisfaiion, provided thá SJch i nspe:;ti on SlaII be undert~al promptly. Lender may diSJurse proceeds
for the repars md restorëtion in a single pay malt or in a series of progress payments as the work is complåeJ
Unless m ~reemalt is ma::le in writing or Applia:ble LaN requires interest to be pad on SJch inSJræœ
proceeds, Lalder Slall not be required to pay Borrower my interest or ecrnings on such proceeds. Fees for
public a::Ijusters, or other third pa1ies, råaned by Borrower SlaII not be pad out of the inSJræœ proceeds a1d
Slall be the oole obligëtion of Borrower. If the restorëtion or repéir is not economically feasible or Lender's
æ:urity would be lessened, the inSJræœ proceeds Slall be ~plied to the SJms æ:ured by this Security
Instrumerrt, whåher or not thal due, with the excess, if my, pad to Borrower. SUch inSJræœ proceedsSlall be
~pli ed in the order provi ded for in Socii on 2.
I f Borrower cba1dons the Property, L alder may fi I e, negoti ëte md SEttl e my ava I ¡;b e i nSJrmce cI a m a1d
relëted mëtters. If Borrower does not respond within 30 days to a notice from Lalder thët the inSJrmce ccrrier
hæ offered to SEttl e a cI a m, thal L alder may negoti ëte a1d settl e the cI a m. The 3D-day peri od wi II begi n whal
the notice is gival. In either everrt, or if Lalder a::quires the Property under Sociion 22 or othawise, Borrower
hereby assi gns to L alder (a) Borrower's ri ghts to my i nSJræœ proceeds in m crnount not to exceed the anounts
unpad under the Note or this Security Instrumerrt, md (b) my other of Borrower's rights (other thal the right to
my refund of unecrned praniums pad by Borrower) under all inSJrmce policies covering the Property, inoofa-
as SJch rights a-e ~pliaÐIe to the cover~e of the Property. Lalder may use the inSJrcnœ proceeds either to
repar or restore the Property or to pay cmounts unpad under the Note or this Security Instrumerrt, whEther or
not thal due.
6. Occupancy. Borrower shall occupy, est¡;b ish, md use the Property as Borrower's pri nd pal resida1Ce
within 60 days after the execution of this Security Instrumerrt CIld shall continue to occupy the Property as
Borrower's principal residalce for at least one yecr after the dåe of occupæcy, unless Lender othawise ~rees
in writing, which consent shall not be unreemmÐly withheld, or unless extaluëting drcumstæces exist which
a-e beýond Borrower's control.
7. Preservation, Maintalance and Protedion of the Property; Inspedions. Borrower shall not
destroy, dcrn~e or impar the Property, allow the Property to dåeriorëte or commit waste on the Property.
Whåher or not Borrower is resi di ng in the Property, Borrower shall mà nta n the Property in order to prevalt the
Property from dåeriorating or decreasing in value due to its condition. Unless it is dåermined purSJmt to
Sedion 5 thá repar or restorëtion is not oconomically feasible, Borrower shall promptly repar the Property if
dcrn~ed to avoid further dåerioration or daT1~e. If inSJræœ or condannåion proceedsa-e pad in connEdion
with dcrn~e to, or the t~ing of, the Property, Borrower shall be responsible for repéiring or restoring the
Property only if Lalder has released proceeds for such purposes. Lalder may diSJurse proceeds for the repéirs
md restorëtion in a single paymerrt or in a series of progress paymaltsasthework iscomplåed. If the inSJrmce
or condEmnåion proceeds a-e not SJffiderrt to repar or restore the Property, Borrower is not relieved of
Borrower's obi i gati on for the compl åi on of SJch repéi r or restorëti on.
, Lalder or its ~errt may m~e reemmÐle errtries upon æd inspe:;tions of the Property. If it hæ rea9)llaIJle
CaJse, Lalder may inspe:;t the interior of the improvemalts on the Property. Ler1der shall give Borrower notice
ët the time of or prior to SJch m interior inspe:;tion spa:ifying SJch reemnaIJleCaJS8.
8. Borrower's Loan Application. Borrower Slall be in defallt if, during the LOéI1 ~plical:ion process,
Borrower or my peroons or er1tities a::ting ët the diredion of Borrower or with Borrower's knowledge or consent
gave mëterially false, misleeding, or ina::curëte informáion or stëtanerrts to Lender (or fa led to provide Lender
with mëterial informåion) in connedion with the LOéI1. Mëterial representëtions include, but a-e not limited to,
representëti ens concerni ng Borrower's OCCUpalCY of the Property as Borrower's pri nd pal resi denœ.
9. Protedion of Ler1der's I nterest in the Property and Rights Under this Security I nstrumer1t. If (a)
Borrower fa Is to perform the cover1mts md ~reemer1tscontaned in this Security Instrumer1t, (b) there is a legal
proceeding thët might signifiCél1tly affed Lalder's interest in the Property mellor rights under this Security
Instrumerrt (SJch æ a proceeding in bmkruptcy, probéte, for condannáion or forfeiture, for alforcanerrt of a
lier1 which may ëttan priority over this Security Instrumalt or to enforce laws or regulëtions), or (c) Borrower
hæ cba1doned the Property, thal Lalder may do md pay for whåever is rea9)llaIJle or ~propriëte to proted
Lalder's interest in the Property md rights under this Se:urity Instrument, including proteding mellor assessing
the value of the Property, a1d æ:uring mellor reparing the Property. Ler1der's a::tions CéI1 include, but a-e not
limited to: (a) paying my SJms æ:ured by a lier1 which hæ priority over this Security Instrumer1t; (b) ~pea-ing
in court; md (c) paying reemnaIJle ëttorneys fees to proted its interest in the Property mellor rights under this
Security Instrumalt, including its socured position in a ba1kruptcy proceeding. Se:uring the Property includes,
but is not limited to, altering the Property to m~e repars, chmge locks, repla:e or boa-d up doors md
windows, dran wëter from pipes, eliminëte building or other code violations or dalgerous conditions, md have
utilities turned on or off. Although Lender may t~e a::tion under this Socii on 9, LEnder does not have to do 00
md is not under my duty or obligåion to do 00. It is ~reed thå Lalder incurs no lialJility for not t~ing my or
all a::ti ons a.rthori zed under thi 5 Socii on 9.
M Mortgage-WY
2006A-WY (06/07)
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Form 3051 1/01
000656
DOC ID #: 00017929482609007
Any cmounts disbursed by Lmda- unda- this Sa::tion 9 S1éi1 ba:ome éÐditional debt of Borrowa- æ:ured
by this Se:urity Instrummt. These cmounts Slall beEr inta-est ét the Note rétefrom the déte of disburSEment md
S1éi1 be payaIJle, with such inta-est, upon notice from LEJlda- to Borrowa- r~uesting payment.
If thi s Se:uri ty Instrument is on a I easet101 d, Borrowa- Slall compl y wi th all the provi si ons of the I eac:e. If
Borrowa- a:quiresfætitleto the A"ope1y, the leaset10ld md thefætitleSlall not ma-ge unless Lmda- agrees to
the ma-ger in writing.
10. Mortgage Insurance. If Lmda- r~uired Mortgage Insurmce as a condition of må<ing the LOal,
Borrowa- Slall pay the premiums r~uired to mëintëin the Mortgage InsuréJ\ce in effE:d. If, for my rea9Jl1, the
Mortgage Insurmce cova-age r~uired by Lmda- ceases to be avëilaIJle from the mortgage insura- thét
pratiousy provided such insurmce md Borrowa- was r~uired to må<e sepa-étely designated payments towa-d
the premiums for Mortgége Insurmce, Borrowa- shall pay the premiums r~uired to obtëin cova-ége
substmtially ~uivalent to the Mortgége Insurmce pratiousy in effect, ét a cost substmtially ~uivalent to the
cost to Borrowa- of the Mortgége InsuréJ\ce pratiousy in effE:d, from m alta-néte mortgége insura- selE:ded by
Lenda-. If substmtially ~uivalmt Mortgage Insurmce cova-age is not avëilaIJle, Borrowa- S1a11 continue to pay
to L mda- the cmount of the sepa-atel y desi gnated payments thå wa-e due whm the i nsurmce cova-ége ceased
to be in effect. Lmda- will a:œpt, use md rEtëin these payments as a non-refundaIJle loss reserve in lieu of
Mortgage Insurmce. &Jch loss reserve S1a11 be non-refundalJle, notwithstmding the faj thét the LOéI1 is
ultimétely pad in full, md Lmda- S1a11 not be r~uired to pay Borrower my interest or eernings on such loss
reserve. L mda- CéI1 no I onga- r~ui re loss reserve payments if Mortgage I nsurmce cova-age (i n the cmount md
for the pa-iod thét Lmda- r~uires) provided by m insura- selected by Lmda- égëin ba:omes avëilaIJle, is
obtëined, md LEJlder r~uires sepa-ately designated payments towa-d the premiums for Mortgage InsuréJ\ce. If
Lmda- r~uired Mortgége Insurmce as a condition of må<ing the Lom end Borrowa- was r~uired to må<e
sepa-étely designéted paymmts towa-d the premiums for Mortgage Insurmce, Borrowa- shall pay the premiums
r~uired to mëintëin Mortgége Insurmce in effE:d, or to provide a non-refundaIJle loss reserve, until the Lmder's
r~uirement for Mortgége Insurmce mds in axordmce with my writtm égreemmt between Borrowa- md
Len<:!6" providing for such. ta-minétion or until ta-minétion is r~uired by Applical:>le LaN. Nothing in this
Sa::tion 10 áfE:ds Borrower's obi i gétion to pay inta-est ét the réte provided in the Note.
Mortgége Insurmce reimburses Lmda- (or my mtity thét purchases the Note) for certëin losses it may
incur if Borrower does not repay the L Oal as égreed. Borrowa- is not a paiy to the M ortgége I nsurél1C8.
Mortgage i nsura-s atal uåe thei r total ri sk on all such i nsurmce in force from ti me to ti me, md may mta-
into égreements with other paiies thct S1a-e or modify their risk, or reduce losses. These agreemmts a-e on
ta-ms md conditions thét a-e satisfajory to the mortgége insurer end the otha- paiy (or paiies) to these
égreements. These égreements may r~ui re the mortgége insurer to må<e payments usi ng my source of funds
thct the mortgége insura- may have avëilaIJle (which may indude funds obtëined from Mortgége Insurmce
premi ums).
As a result of these égreemmts, Lmda-, my purchaær of the Note, motha- insura-, my reinsura-, my otha"
entity, or my áfiliate of my of the foregoing, may ra::eive (dirE:dly or indirE:dly) cmounts thét da-ive from (or
mi ght be cha-aja-i zed as) a porti on of Borrower's payments for Mortgage I nsuréJ\ce, in exchmge for Sla-i ng or
modifying the mortgége insurer's risk, or redudng losses. If such agreement provide¡s thct m áfiliéte of Lenda-
tå<es a ::t1a-e of the insura-'s risk in exchmge for a 91a-e of the premiums pëid to the insura-, the a-rmgement is
oftm ta-med "~ti ve rei nsurmce." Furtha-:
(a) Any such agreemmts will not affect the amounts that Borrowa- has agreed to pay for Mortgage
I nsurance, or any otha- ta-ms of the Loan. &Jch agreemmts will not inaease the amount Borrowa- will
owe for Mortgage I nsurance, and the{ will not mtitle Borrowa- to any refund.
(b) Any such agreemmts will not affE:d the rights Borrowa- has - if any - with respE:d to the
Mortgage Insurance unda- the Homoowna-s ProtE:dion Act of 1998 or any otha- law. These rights may
indude the right to ra::eive ætain di&:losures, to r~uest and obtain cancellation of the Mortgage
I nsurance, to have the Mortgage I nsurance terminated automatically, and/or to ra::eive a refund of any
Mortgage Insurance premiums that wa-e unearned at the time of such cancellation or ta-mination.
11. Assignmmt of Mis::ellaneous Procæ:ls; Forfeiture. All Mis::ellaneous A"ocæ:Is a-e ha"eby
a5Sii gned to end Slall be pëi d to L mda-.
If the A"opa1y is dcméged, such Mi&:ellmeous A"oceeds 91a11 be ~plied to restorétion or repëir of the
A"opa1y, if the restorétion or repëir is e:onomically fæsible end Lmda-'s æ:urity is not 1essa1ed. During such
repëi r md restoréti on pa-i od, L mda- 91a11 have the ri ght to hol d such M i s::eIl meous A"oceeds unti I L mda- has
héÐ m opportunity to inspect such Property to msure the work has bea1 completed to LmdEr's sétisfajion,
provided thét such inspection Slall be unda1å<m promptly. Lmda- may pay for the repëirs md restorétion in a
single disburSEment or in a series of progress payl'TlEJlts as the work is completed. Unless m égreement is mëKie
in writing or Applical:>le LaN r~uires inta-est to be pad on such Mi&:ellmeous A"ocæ:Is, Lenda- shal not be
r~ui red to pay Borrowa- my i nta-est or eerni ngs on such M i &:ell meous A"ocæ:Is. I f the restoréti on or repëi r is
not e:onomically fæsibleor Lmda-'sæ:urity would be lessened, the Mis::ellmeous A"ocæ:Isshall be~lied to
the sums æ:urE{j by this Se:urity Instrummt, whether or not then due, with the excess, if my, pad to Borrowa-.
&Ich M i &:ell meous A"ocæ:Is 91a11 be ~pl i ed in the order provi ded for in Sa::ti on 2.
I n the atmt of a total tå<i ng, destructi on, or loss in val ue of the A"opErty, the M i s::eIl me0U5 A"ocæ:Is S1éi I
be ~plied to the sums æ:ured by this Se:urity Instrummt, whether or not thm due, with the excess, if my, pad
to Borrowa-.
In the event of apaiial tå<ing, destruction, or lossin value of the A"opa1y in which thefëir ma-ket val ue of
the A"operty immediétely before the paiial tå<ing, destruction, or loss in value is ~ual to or greeta- thm the
cmount of the sums æ:ured by this Se:urity Instrument immedictely before the paiial tå<ing, destruction, or
loss in value, unless Borrowa- md Lmda- otherwise égræ in writing, the sums æ:ured by this Se:urity
M Mortgage-WY
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Form 3051 1/01
000657
DOC 10 #: 000179294826090Œ7
Instrument shal be reducOO by the aTlount of the Miscellmeous A"oceeds multiplied by the following frætion:
(a) the tota aTlount of the sums æ:;ured immediatay before the paiia ta<ing, destruction, or loss in vaue
divided by (b) the fair merket vaue of the A"operty immediatay before the pa1ia ta<ing, destruction, or loss in
vatJe. Any bamceshal be paid to BorrowEr.
In the event of apa1ia ta<ing, destruction, or lossin vaueof the A"opErty in which the fair merket vaueof
the A"opErty immediatay before the pa1ia ta<ing, destruction, or loss in vaue is less thm the anount of the
sums æ:;ured immediatay before the pa1ia ta<ing, destruction, or loss in vaue, unless BorrowEr md LendEr
othawiæ ~ræ in writing, the Miscellmeous A"oceeds shal be ~plied to the sums æ:;ured by this SEnJrity
I nstrument whether or not the sums ere then due.
If the A"opErty is I:bmdoned by BorrowEr, or if, aftEr notice by LendEr to BorrowEr that the Opposing Pa1y
(as defined in the next sentence) offErs to ma<em awerd to settleadaim for daTl~es, BorrowEr failsto respond
to LendEr within 30 days <itEr the dcte the notice is given, LendEJ is arthorized to colle:t md ~ply the
Miscellmeous A"oceeds eithEr to restorction or repair of the A"opErty or to the sums se:tJred by this SEnJrity
I nstrument, whethEr or not then due. "Opposi ng Pa1y" I11EØ1S the thi rd paiy that owæ BorrowEr M i scell a1eüUS
A"oceeds or the pa1y ~ai nst whom BorrowEr has a ri ght of æti on in regerd to M i scell meous Proceeds.
BorrowEr shal be in defwlt if my ætion or procæ.:ling, whethEr civil or crimina, is begun that, in LendEr's
judglTlEJ1t, could result in forfeiture of the A"opErty or othEr måEria impairment of LendEr's intErest in the
A"operty or rights undEr this SEnJrity Instrument. BorrowEr Ca1 cure such a defwlt md, if æcelEråion has
occurred, reinstate as provided in Se:tion 19, by caJSing the ætion or proceeding to be diS11i~ with a ruling
that, in LendEr's judgment, pra::ludæ forfeiture of the A"operty or othEr måEria impairment of LendEr's intErest
in the A"operty or ri ghts undEr thi s SEnJri ty I nstrument. The procæ.:ls of my awerd or d a mfor daT1égæ thå ere
attributl:ble to the imparment of LendEr's intErest in the A"operty ere hereby assigned md shal be pad to
LendEr .
All Miscellmeous A"oceeds that ere not ~plied to restoration or repar of the A"opErty shal be ~plied in
the ordEr provi ded for in Se:ti on 2.
12. BorrowEr Not Raeased; Forbearance By LendEr Not a WaivEr. Extension of the time for payment
or modification of anortizction of the sums æ:;ured by this SEnJrity Instrument grmted by LendEr to BorrowEr
or my SJcœs&>r in IntErest of BorrowEr shal not operate to raease the lil:bility of BorrowEr or my SJcœs&>rs
in I ntErest of BorrowEr. LendEr sha I not be re: ui red to commence proceedi ngs ~a nst my SJcœs&>r in IntErest
of BorrowEr or to refuæ to extEJ1cl time for payment or othawiæ modify anortization of the sums æ:;ured by
this SEnJrity Instrument by rees:>n of my danmd ma:ieby theorigina BorrowEr or my SJcœss:>rsin,lntErest of
BorrowEr. Any forbea"alce by LendEr in exErcising my right or ranedy induding, without limitction, LendEr's
a::œptalce of payments from thi rd per9Jl1S, entiti æ or SJcœ59JrS in I ntErest of BorrowEr or in anounts less thm
theanount then due, shal not be a waVEr of or pra::ludetheexErciæof my right or remedy.
13. Joint and SevEral Liability; Co-signErS; SJcœs&>rs and A5.'3igns Bound. BorrowEr covenmts md
~rees that BorrowEr's obi i gctions md lil:bility shal bejoint md sevEra. HowevEr, my BorrowEr who co-signs
this SEnJrity Instrument but doæ not execute the Note (a "co-signEr"): (a) is co-signing this SEnJrity Instrument
only to mortg~e, grmt md conve¡ the co-signEr's intErest in the A"opErty undEJ the tErms of this SEnJrity
Instrument; (b) is not perronaly obligated to pay the sums æ:;ured by this SEnJrity Instrument; md (c) ~rees
that LendEr md my othEr BorrowEr Ca1 ~ræ to extend, modify, forbea" or ma<e my a::commodations with
regerd to the tErms of thi s SEnJrity I nstrument or the Note without the co-si gnEr's consent.
SJbje:t to the provisions of Se:tion 18, my SJcœ59Jr in IntErest of BorrowEr who assumæ BorrowEr's
obi igcti ons undEr this SEnJrity I nstrument in writing, md is ~proved by LendEr, shal obtan al of BorrowEr's
rights md benefits undEr this SEnJrity Instrument. BorrowEr shal not be raeased from BorrowEr's obligations
md 1ià:Jility undEr this SEnJrity Instrument unless LendEr ~rees to such raease in writing. The covenmts md
~reements of this SEnJrity Instrument shal bind (except as provided in Se:tion 20) md benefit the sucœs&>rs
md assigns of LendEr.
14. Loan Charges. LendEr may cherge BorrowEr fees for services paformed in conne:tion with
BorrowEr's defaJlt, for the purpoæ of prote:ting LendEr's intErest in the A"operty md rights undEr this SEnJrity
InstrulTlEJ1t, including, but not limited to, cttorne¡s fees, property inspfrlion md vauction fees. In regerd to my
othEr fees, the I:bsence of express arthority in this SEnJrity Instrument to cherge a specific fæto BorrowEr shal
not be construed as a prohibition on the cherging of such fæ. LendEr may not c:I1a"ge fees thå ere expressly
prohibited by thisSEnJrity Instrument or by Appliccble Law.
I f the L om is subj e:t to a law whi ch sets maxi mum 10m cherges, md thct law is fi na I y intErpreted ro that
the intErest or othEr 10al chergæ colle:ted or to be colle:ted in conne:tion with the Lom exceed the permitted
limits, then: (a) my such 10m cherge shal be reducOO by the aTlount necessay to reduce the cherge to the
permitted limit; md (b) my sums areedy colle:ted from BorrowEr which exceeded pErmitted limits will be
refunded to BorrowEr. LendEr may chooæto ma<ethis refund by reducing the principa owed undEr the Note or
by ma<ing a dire:t payment to BorrowEr. If a refund reduces principa, the reduction will be treeted as a pa1ia
prepayment without my prepayment cherge (whethEr or not a prepayment cherge is provided for undEr the
Note). BorrowEr's a::œptmce of my such refund ma:ie by di re:t payment to BorrowEr wi II constitute a wa VEr of
my right of ætion BorrowEr might hateerisihg out of such oVErcherge.
15. Notices. All notices given by BorrowEr or LendEr in conne:tion with this SEnJrity Instrument must be
in writing. Any notice to BorrowEr in conne:tion with this SEnJrity Instrument shal be deemed to have bæ1
given to BorrowEr when maled by first dass mal or when ætualy daivEred to BorrowEr's notice a:idress if sent
by othEr mæns. Notice to my one BorrowEr shal constitute notice to al BorrowErs unless Appliccble Law
expressly re: ui ræ othawi æ. The noti ce a:idress sha I be the A"operty Address unl ess BorrowEr has desi gnated a
substitute notice a:idress by notice to LendEr. BorrowEr shal promptly notify LendEr of BorrowEr's chmge of
a:idress. If LendEr specifiæ a procedure for reporting BorrowEr's chmge of a:idress, then BorrowEr shal only
M Mortgage-WY
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Form 3051 1/01
DOC 10 #: oool.QRgfi§~7
report a cha1ge of a:ldress through théi specified procedure. Tha-e may be only one designcted notice a:ldress
unda- thisSEnlrity Instruma1t ct ar¡ onetime. Any notice to Lalda- Slall begival by deliva-ing it or by maling
it by first class mal to Lalda-'s a:ldress stéied ha-ein unless La1da- has designcted a1otha- a:ldress by notice to
Borrowa-. Any notice in connoction with this SEnlrity Instruma1t Slall not be deemed to have bea1 gival to
Lalda- until ætually received by La1da-. If my notice rEquired by this SEnlrity Instrul11EJ1t is al9J rEquired
uncia" ApplicàJle LaN, the ApplicàJle LaN rEquiremalt will sctisfy the corresponding rEquiremalt unda- this
SEnlrity I nstruma1l:.
16. Gova-ning Law; Seva-ability; Rules of Construction. This SEnlrity Instruma1l: shall be gova-ned
by feda-aI IaN a1d the IaN of the juri&liction in which the Property is loccted. All rights md obligëtions
contained in this SEnlrity Instrumalt a-e subjoct to my rEquirements md limitëtions of ApplicàJle LaN.
Applicéble LaN might explicitly or implicitly allow the pa1ies to cgræ by contræt or it might be silalt, but such
silalce Slall not be construed as a prohibition cgainst cgreemalt by contræt. In the eYalt thët my provision or
claise of this SEnlrity Instrumalt or the Note conflicts with Applicéble LaN, such conflict Slall not affoct otha-
provi si ons of thi s SEnlri ty I nstrumalt or the Note whi ch em be gi Val effoct without the confl i cti ng provi si on.
As used in this SEnlrity Instrumalt: (a) words of the mæ:uline galda- Slall meen a1d include
corresponding narta- words or words of the feminine ga1da-; (b) words in the singula- shall meen end include
the plural md vice va-sa; md (c) the word "may" gives 9Jledis::retion without my obi i gëtion to tal<emy a::tion.
17. Borrowa-'sCopy.Borrowa- Slall begival one copy of the Notea1d of thisSEnlrity Instrumalt.
18. Transfa- of the Propa-ty or a Baleficiall nta-est in Borrowa-. As used in this SEdion 18, "Inta-est
in the Property" meens my legal or bEneficial inta-est in the Property, including, but not limited to, those
ba'leficial inta-ests trmsfa-red in a bond for deed, contræt for deed, installma1t sales contra::t or æ:;row
cgreema1l:, the i nta1l: of whi ch is the trmsfa- of titl e by Borrowa- ët a future dëte to a purchaser.
If all or my pa1 of the Property or my Inta-est in the Property is 9Jld or trmsfa-red (or if Borrowa- is not a
nëtural per9Jn md a bEneficial inta-est in Borrowa- is 9Jld or trmsfa-red) without Lalda-'s prior writtal consent,
Lalda- may rEquire immediéie paymalt in full of all sums se:ured by this SEnlrity Instruma1l:.HoweYa-.this
option Slall not be exa-cised by Lalda- if such exa-cise is prohibited by Applicéble LaN.
If La1da- exa-cises this option, Lalda- Slall give Borrowa- notice of a:;ceIa-ction. The notice Slall provide
a period of not less thm 30 days from the dëte the notice is gival in a:::cordmce with SEdion 15 within which
Borrowa- must pay all sums se:ured by this SEnlrity Instrumalt. If Borrowa- fails to pay these sums prior to the
expirëtion of this period, La1da- may invoke my remedies permitted by this SEnlrity Instrumalt without furtha-
notice or demend on Borrowa-. .
19. Borrowa-'s Right to ReinstateAfta- Accela-ation. If Borrowa- meets certain conditions, Borrowa-
Slall have the right to have enforcemalt of this SEnlrity Instrumalt dis::ontinued ët my time prior to theeerliest
of: (a) five days before sale of the Property pursumt to my powa- of sale contained in this SEnlrity Instrumalt;
(b) such otha" period asApplicéble LaN might specify for the ta-mi nëti on of Borrowa-'s right to reinstëte; or (c)
altry of a j udgmalt alforci ng thi s SEnlri ty I nstruma1t. Those condi ti ons a-e thët Borrowa-: (a) pays L alda- all
sums which tha1 would be due unda- this SEnlrity Instrumalt end the Note as if no a:;ceIa-éiion ha:l occurred;
(b) cures my defallt of my otha- COValmts or cgreema1l:s; (c) pays all expa1ses incurred in alforcing this
SEnlrity Instruma1l:, including, but not limited to, rea9Jl1cb1e éitorney's fæs, property inspection md valuëtion
fees, md otha- fees incurred for the purpose of protocting La1da-'s inta-est in the Property md rights unda- this
SEnlri ty I nstrumalt; md (d) tal<es such a::ti on as L a1da- may reEl9Jl1ébl y rEqui re to assure théi L alda-'s i nta-est
in the Property md rights unda- this SEnlrity Instrumalt, md Borrowa-'s obligéiion to pay the sums se:ured by
thi s SEnlri ty I nstrumalt, Slall conti nue unchmged. L a1da- may ra: ui re théi Borrowa- pay such rei nstéiemalt
sums md expa1ses in one or more of the following forms, as selocted by Lalda-: (a) caS1; (b) money' orda-; (c)
certified check, balk check, treasura-'s check or cashier's check, provided my such check is draNn upon m
institution whose deposits a-e insured by a feda-aI a¡:¡alcy, instruma1l:ality or altity; or (d) Eloctronic Funds
Trmsfa-. Upon reinstctemalt by Borrowa-, this SEnlrity Instrumalt end obligëtions se:ured ha-eby Slall remain
fully effEdive as if no a:;ceIa-éiion ha:l occurred. HoweYa-, this right to reinstéie shall not ~ply in the case of
a:;ceIa-ction unda- SEdion 18.
20. Sale of Note; Change of Loan Sa"vicer; Notice of GrieYance. The Note or a pa1ial inta-est in the
Note (together with thi s SEnlri ty I nstrumalt) em be 9JI d one or more ti mes wi thout pri or noti ce to Borrowa-. A
sale might result in a chmge in the altity (known as the "Loa1 Sa'vicer") thët collocts PEriodic Payma1l:s due
unda- the Note end this SEnlrity Instrumalt md performs otha- mortga¡:¡e 10m servicing obligëtions unda- the
Note, this SEnlrity Instruma1t, ald Applicéble LaN. There al9J might be one or more chmges of the Lom
Sa'vicer unrelcted to a sale of the Note. If tha-e is a chmge of the Loa1 Sa'vicer, Borrowa- will be gival writtal
notice of the chmge which will ståe the nane a1d a:ldress of the nENV Lom Sa'vicer, the a:ldress to which
payma1l:s Slould be ma:le ald my otha- informction RESPA rEquires in connoction with a notice of trmsfa- of
servicing. If the Note is 9Jld md tha-æfta- the Loa1 is serviced by a Loa1 Sa'vicer other thmthe purchaser of
the Note, the mortga¡:¡e 10éfl servicing obligëtions to Borrowa- will remain with the Lom Sa'vicer or be
trmsfa-ra:l to a SUcces9Jr LOéfl Sa'vicer md a-e not assumed by the Note purchaser unless othawise provided
by the Note purchaser.
Neitha- Borrowa- nor Lalda- may commence, join, or be joined to my judicial ætion (as eitha- m
individuallitigmt or the memba" of a class) thët a-ises from the otha- pa1y's ætions pursumt to this SEnlrity
I nstruma1t or thët all eges thët the otha- pa1y has breoched my provi si on of, or my duty owed by rea9Jl1 of, thi s
SEnlrity Instrumalt, until such Borrowa- or Lalda- has notified the otha- pa1y (with such notice gival in
complicnce with the rEquiremalts of SEdion 15) of such alleged breoch a1d áforded the otha- paiy hereto a
reEl9Jncble period afta- the giving of such notice to tal<e corroctive ætion. If Applicéble LaN provides a time
period which must eI~se before certain a::tion em betal<al, thët time period will be deemed to be reEl9Jnal:>lefor
purposes of this péTa¡:¡r~h. The notice of a:;ceIa-ëtion md opportunity to ç:ure gival to Borrowa- pursumt to
M Mortgage-WY
2006A-WY (06/07)
Page 8 of 10
Form 3051 1/01
000659
DOC ID #: 00017929482609007
Saii on 22 ald the noti ce of cœeI eråi on gi V61 to Borrower purSJalt to SEdi on 18 stlall be deema:l to sati fly the
noti ce ald opportuni ty to talœ corrEdi ve å:ti on provi si ons of thi s Saii on 20.
21. Hazardous &Jbstances. As used in this Saiion 21: (a) "Haza-dous &Jbstalce5' ere those SJbstcnœs
defined as toxic or haza-dous SJbstalce5, pollutalts, or wastes by Environmental LaN a1d the following
SJbstcnœs: gæ:>line, kerosene, other flanmcble or toxic petroleum products, toxic pesticides a1d herbicides,
volåile rolvents, måerials contaning asbestos or formaldehyde, ënd ra::tiOédive ma:erials; (b) "Environm61tal
LaN" ITIEØ1S federal I aNS ald I aNS of the juri ocIi cti on where the A"opa1y is locåed thå relate to health, sáf!J.y or
61vironmental protEdion; (c) "Environm61tal Cleenup" indudes alY response a:tion, ranedial ætion, or
ranoval a:tion, as defined in Environm61tal LaN; ënd (d) al "Environm61tal Condition" meens a condition thet
Ca1 caJse, contribute to, or othawisetrigger al Environmental Cleenup.
Borrower stlall not caJse or pamit the presence, use, disposal, storaJe, or release of alY Haza-dous
&Jbstalce5, or threå61 to release alY Haza-dous &Jbstalce5, on or in the A"operty. Borrower stlall not do, nor
allow alyone else to do, alything dfEding the A"operty (a) thct is in violation of alY Environm61tal LaN, (b)
which creåes al Environmental Condition, or (c) which, due to the presence, use, or release of a Haza-dous
&Jbstalce, creåes a conditi on thå a::tversely affEds the val ue of the A"opa1y. The precOOi ng two sent61ces stlall
not éW1y to the presence, use, or storaJe on the A"opa1y of snail qucntities of Hazcrdous &JbstCllces thå ere
g61erall y ra::ogni zed to be ~propri ete to normal resi d61ti aI uses CIld to ma nt61a1Ce of the A"operty (i nd udi ng,
but not limited to, hazcrdousSJbstCllces in conSJmer products).
Borrower stlall promptly give L61der writt61 notice of (a) CIly investigetion, dam, dancnd, laNSJit or
other oction by CIly governmental or regulåory 8J61CY or privete paiy involving the A"operty CIld alY
Haza-dous &JbstCllce or Environmental LaN of which Borrower has a:tual knowledge, (b) CIly Environmental
Condition, induding but not limited to, CIly spilling, I ea<i ng, di&::herge, release or threå of release of CIly
Hazcrdous &JbstCllce, CIld (c) CIly condition caJsed by the presence, use or release of a Haza-dous &JbstCllce
which a::tversely al'fa::ts the value of the A"opa1y. If Borrower leerns, or is notified by CIly governm61tal or
reguletory arthority, or CIly privete pcrty, that alY ranoval or other ranedietion of CIly Haza-dous &Jbsta1ce
affEding the A"opa1y is nec:esscry, Borrower stlall promptly ta<e all nec:esscry ranedial a:tions in a:cordCllce
with Environma1tal LaN. Nothing herein stlall creåe alY obligation on L61der for CIl Environm61tal Cleenup.
NON-UNIFORM COVENANTS. Borrower CIld L61derfurther COV61alt ald aJræasfollows:
22. Aa::eIeration; Ranedies. L61der stlall give notice to Borrower prior to aa::eleration following
Borrower's breach of any cov61ant or agreem61t in this Socurity I nstrum61t (but not prior to acceleration
under SEdion 18 unless Applicable Law provides otherwise). The notice stlall specify: (a) the default; (b)
the action required to curethe default; (c) a date, not less than 30 days from the date the notice is giv61 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 SJms senJred by this Socurity I nstrum61t and
sale of the Property. The notice stlall further inform Borrower of the right to reinstate after aa::eleration
and the right to bring a court action to assert the non-exist61ce of a default or any other def61se of
Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
L61der at its option may require immediate paym61t in full of all SJms senJred by this Socurity
I nstrum61t without further danand and may invoke the power of sale and any other ranedies permitted
by Applicable Law. L61der stlall be 61titled to coiled all exp61ses incurred in purSJing the ranedies
provided in this Section 22, induding, but not limited to, ræronable attornE¥s fees and costs of title
evid61ce.
If L61der i nvokes the power of sale, L61der stlall give notice of int61t to foredoseto Borrower and to
the perron in possession of the Property, if differ61t, in accordance with Applicable Law. L61der stlall
give notice of thesaleto Borrower in the manner provided in Section 15. L61der stlall publistl the notice of
sale, and the Property stlall be rold in the manner præ:ribed by Applicable Law. L61der or its designæ
may purchase the Property at any sale. The proceeds of the sale stlall be applied in the following order: (a)
to all exp61ses of the sale, induding, but not limited to, ræronable attornE¥s fees; (b) to all SJms SEnlred
by this Socurity I nstrum61t; and (c) any excess to the perron or perronsle.;Jally 61titled to it.
23. Relæse. Upon payment of all SJms senJred by this Socurity Instrument, Lender stlall release this
Security Instrum61t. Borrower stlall pay CIly recordation costs. Lender may cherge Borrower a fæfor relæsing
this Security Instrum61t, but only if thefæ is pad to a third pcrty for services r61dered a1d the cherging of the
fæ is permitted under Appl i c:cble LaN.
M Mortgage-WY
2006A-WY (06/07)
Page 9 of 10
Form 30511/01
000660
DOC ID t: 00017929482609007
24. Waivers. Borrower releases end waves all rights under end by virtue of the homestea:J exanption
laNsof WYOO1ing.
BY Sf GN I NG BEL OW, Borrower axepts end ~rees to the terms end covEflents conta ned in thi s Socuri ty
Instrtma1l a1d in f!rr¡ Ride' ex~ŒœJ with it (Sed)
DONALD DAVIS -Borrower
~"
. ]Oì\)
~
W.LLUJ
(Sea)
-Borrowa-
(Sea)
-Borrowa-
(Sea)
-Borrowa-
by
County ss: J... ¡ '( ¡C~/J1.
,;¡ ()() 7
STATE OF WYOMING,
'1-.:20-11 ~
My Commission Expires:
~QL ~...
Not F\Jblic
SHANA ACKERMAN - NOTARY PUBLIC
t COUNN OF 1& STATE OF
i UINTA . WYOMING
\'Y cc~"'!:S$iCN EX.'IR¿S SEPTEMBER 20. 2008
M Mortgage-WY
2006A-WY (06/07)
Page 10 of 10
Form 3051 1/01
EXHIBIT A
000661.
LOTS 1 AND 2 OF BLOCK 27 OF THE TOWN OF DIAMONDVILLE, LINCOLN
COUNTY, WYOMING, AS DESCRIBLED IN THE OFFICIAL PLAT THEREOF