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HomeMy WebLinkAbout934102 ¡' r. )/ /¿ VI, ') it j -I ¡ ~\. VVJ.v,15850 Return To Flrst Natlonal Bank of Gillette PO Box 3002, Gillette, WY 82717 Prepared By: Mark Randen 319 S Gillette Avenue Gillette WY 82716 RECEIVED 10/16/2007 at 4:33 PM RECEIVING # 934102 BOOK: 615 PAGE: 119 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000719 [Space Above This Line For RecordIng Data] MORTGAGE DEFINITIONS Words used m multiple sections of this document are defined below and other words are defined in I Secttons 3,11,13, 18,20 and 21, Certain rules regarding the lJSage of words used in this document are . I also provIded In SectIOn 16. I (A) "Security Instrument'! means thIS document, which IS dated October 15. 2007 together with all Riders to tht's document, (B) IIBol'l'owerll IS Jonath n L Bush and Jess i ca B Bush, Husband and Wife Borrower IS the mortgagor un er this Security Instrument (C) IILenderll IS Fl rst Na -, ana 1 Bank of Gi 11 ette I Lender is a I organized and eXisting under ~he laws of I I I BUSH JJ MP I 002004794808 WYOMING-Single Family-Fannie Maa/Freddle Mac UNIFORM INSTRUMI:NT ~ -6(WYlIO005) 1 /?r) - ruga ~o 15 MW 0&100.01 InllI'I.~V VMP MORTGAGE FORMS· IBOO/621.t291 I the United States of Amerlca o Form 3051 1/01 11111111111111111111111111111111111 Lender's address !S 319 South Gillette Avenue, Gillette. ~N 82716 000720 (D) "Note" means the prOlTIlssory note sIgned by Borrower and dated October 15, 2007 The Note states th<1t Borrower owes Lender Two Hundred Nl nety Fl ve Thousand and no/lOO Dollars (U .S. $ 295.000.00 ) plus mterest. Borrower has promised to pay tillS debt 111 regtdar Periodic Payments and to pay the debt in fun not later than November 1. 2037 (E) lI}>ropel'tyll means the property that IS described below under the heading "Transfer of RIghts in the Property I, (F) IILoan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges d\le under the Note, and all sums due under this Security Instrument, plus interest. (G) "Riders" means all Riders to this Secunty Instrument that are executed by Borrower. The followmg Riders are to be executed by Borrower [check box as appIicabJe] Lender IS the mortgagee under thìs Securìty Instrument. D Adjustable Rate Rider D Balloon Rider o VA Rider D Condominium Rider 0 Second Home Rider D Planned Umt Development Rider 0 1-4 Family Rider D Biweekly Payment Rider 0 Other(s) [specify] (1-1) II Applicable Lawn means all controlling applicable federal, state and local statutes, regulations, ordinances and adl11lt1istrative mles and orders (that have the effect of law) as well as all applìcable final, non-appealable JudIcIal opinions (1) IICommunity Association Dues, Fees, und Asscssmentsll means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condomim\Jm association, bomeowners assocíatlOn or similar organization (J) "Electronic Funds Transfer" means any transfer of funds, other than a transactloQ originated by check, draft, or sImilar paper instrument, which IS mitJated through an electronIc termmal, telephonIc Instrument, computer, or magnetic tape so as to order, mstruct. or authorize a financial Institution to debit or credit an account. Such term Includes, but is not limited to, point-of-sale transfers, automated teller machine transactlOns, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers (K) "Escrow Items" means those items that are described in Sectlon 3. (L) "Miscellanèous l>roceeds" means any compensation, settlement, award of damages, or proceeds paid by any thIrd party (other than Insurance proceeds paid, under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ij) condemnation or other takmg of all or any part of the Property; (iii) conveyance in lIeu of condemnatIOn; or (iv) misrepresentations of, or omISSions as to, the value and/or conditlOI1 of the Property_ (M) IIMortgnge Jnsurance" means mstlrallce protectìng Lender against the nonpayment of, or default on, ("he Loan (N) "Periodic Payment" means the regulal'lyscheduled amount due for (i) principal and interest under the Note, pltls (ii) any amounts under Section 3 of th!s Security Instl11ment (0) IIRESPA" meallS the Real Estate Settlement Procedures Act (12 U.S.C. SectIOn 2601 et seq.) and its Implementmg regulatlon, Regulation X (24 C.F.R, Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulauon that governs the same subject matter, As used in this Security Instnunent, "RESPA" refers to all rcqtl1rements and restrìctions that are imposed In regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. BUSH JJ MP 002004794808 G -6(WYJ rOOO&1 @ Pege 2 01 1 & "llial~ o Form 3051 1/01 000721. (P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obhgatlons under the Note and/or thIs Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY Thìs Security Instrument secures to Lender: (i) the r~payment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this SecuJ'lty Instrument and the Note. For thìs purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assIgns, with power of sale, the following described property located Jl1 the County of L, neo 1 n. State of Wyomi ng (Type of Recording JmisdicuollI [Name of Recording J\1I'lsdlction) SEE ATTACHED LEGAL DESCRIPTION Parcel ID Number. 12 - 2512 - 07 -4- 00- 007.00 257 Muddy Creek Road La Ba rge ("Property Address")" which currently has the address of [StIeet} (City) , Wyoming 83123 [ZipCotle) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtemmces, and fixtures now or hereafter a part of the property All replacements and ~dditLOns shall also be covered by this Secul'lty Instrument. All of the foregoing IS refened to In this Secumy Instrument as the "Property," 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 Pl'Operty IS unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claìms and demands, subJect to any encumbrances of record THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with Jtmited vanatlOns by jurisdiction to constitute a uniform secunty Instrument covering real property . UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows 1. Payment of Principa), Interest, Escrow Items, P1'epayment Cha.-ges, and Late Charges. Borrower shall pay when due the prmClpal of, and interest on, the debt evidenced by the Note and any prepayment charges 1\nd late charges due under the Note. Borrower shall also pay funds for Escrow Items pt)l'suant 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 BUSH JJ MP 002004794808?&{jb 0 Initials Q-6(WYI(00051 roge30t15 Form 3051 1/01 <!> 000722 Security Instrument ]s returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instl11ment be made in one or more of the following forms, as selected by Lender- (a) cash; (b) mOney order¡ (c) certified check, bank check, treasurer's check or cashIer's check, provided any such check IS drawn upon an instItution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) ElectronIC Funds Transfer. Payments are deemed received by Lender when received at the location designated III the Note or at such other locatlon 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 paym~nts are Insufficient to bring the Loan current. Lender may accept any payment or partial payment Insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to Its rights to refuse such payment or partial payments in the future, but Lender is not obhgated to apply such payments at the tIme such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay 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 time, Lender shall either apply such funds 01' return them to Borrower. If not applied earlier, such funds will be apphed to the outstandmg pnncipa] balance under the Note immedIately pnor to forecJosure. No offset or claim which Borrower mIght have now or In the future against Lender shall rel1eve Borrower from makìng payments due under the Note and thIS Security Instrument 01' performing the covenants and agreements secured by this Security Instrument 2. AppUcntiotl of' Payments or Proceeds. Except as otherwise described in this SectIon 2, all payments accepted and applied by Lender shaJl be applied in the followmg order of priority: (a) interest due under the Note; (b) pnncipal due under the Note; (c) amounts due under Section 3. Such payments shall be apphed to each Pel'lOdIC Payment III the order 111 which it became dUe. Any remaining amounts shaH be appJied first to late charges, second to any other amounts due under thIs SecuI;ty Instrument, and then to reduce the pnncipal balance of the Note, If Lender receives a payment from Borrower for a delinquent PerIodic Payment which ineIudes 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 Periodíc Payment IS outstanding, Lender may apply any payment received from Borrower to the repayment of the Penodic Payments if, and to the extent that, each payment can be paid In full. To the extent that any excess exists after the payment is applied to the fuJI payment of one or more PenodJc 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 jn 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. Bon-ower shall pay to Lender on the day Periodic Payments arc 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 priority over this Securìty Instrument !IS a Hen or encumbrance on the Property; (b) leasehold paymen~s or ground rents on the Property, if any; (c) premi¡¡ms for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance prenuums, if any. or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premmms in accordance with the provisIOns of SectIOn 10 These items are called "Escrow Items." At ongll1atlon or at any tIme dunng the tenn of the Loan, Lender may reqUIre that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shaH promptly furnish to Lender all notices of amounts to be paid under this Sectlon. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items, Lender may Walve Borrower's obligatIOn to pay to Lender Funds for any or aU Escrow Items at any time. Any such waiver may only be 111 writmg. In the event of such waiver, Borrower shall pay directly. when and where payable. the amounts BUSH JJ MP 002004794808 G -6(WYJ (00051 @ Pog, 4 01 1 5 InltI8¡s:p C}K o Form 3051 1/01 000723 due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receIpts evidencing such payment within such tIme perIOd as Lender may require, Borrower's obligation to make such payments and to provide receipts shaH for all purposes be deemed to be a covenant and agrcemeI1t contained In this Security Instrument, as th.e phrase "covenant and agreement" is used in Section 9 If Borrower is obligated to pay Escrow Items dIrectly, pui'suant 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 sha then be obligated under SectIOn 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any hme by a notice gIven In accordance with Section 15 and, upon such revocation, Borrower shaU pay to Lender all Funds, and in such amounts, that are then required under this Section 3, Lendcr may, at any tlme, collect and hold Ftmds in an amount (a) sufficient to permit Lender to apply the Funds at the tIme specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA Lender shall estimate the amount of Funds due on the basis of current data and reasonable estImates of expendItures of f'Uture Escrow Items or otherwise m accordance with AppJicable Law The Funds shall be held ìll an mstiMion whose deposits are msured by a federal agency, mstmmentality, or entity (1l1cludmg Lender, if Lender is an institution whose deposits are so insured) or in any Federal I-lome Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the tune specified under RESPA. Lender shall not charge Borrower for holdmg and applymg the Funds, annually analyzmg the escrow account, or verifying the Escrow Items, unless under pays Borrower mterest on the Funds and Applicable LawpemÜts Lender to make such a charge, Unless an agreement is made In writmg or Applicable Law 'eql1ires Interest to be paid on the Funds, Lendcr shall not be requ1I'ed to pay Borrower any mterest or earnings on the Funds. Borrower and Lender can agree In writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an millual accountIng of the Funds as required by RESPA. If there is a surplus of Funds held In escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there IS a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower sha1l pay to Lender the amount necessary to m~ke up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there ìs a deficìency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as requIred by RESPA, and Borrower shan pay to Lender the amount necessary to make up the deficiency 111 accordance with RESPA, but m no more than 12 monthly payments. Upon payment III full of aU sums secured by this Security Instrument, Lender shaH promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay aJI taxes, assessments, charges. fines, and impositions attributable to the Property which can alt¡un priO['ity over this Security Instmment, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessmems, if any, To the extent that these [terns are Escrow Items, Borrower shaH pay iliem in the manner provided in SecUon 3. Borrower shall prompCly discharge any hen which has prionty over tlus Security Instrument unless Borrower: (a) agrees in writll1g to the payment of the obl1gation secured by the hen in a manner acceptable to Lender, but only so long as Bon·ower is performing such agreement; (b) contests the hen in good faith by, Or defends agaInst enforcement of the hen In, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedmgs are pending, but only until such proceedings are concluded; 01' (c) secures from the holder of tbe jen an agreement satisfactory to Lender subordìnatlllg the lIen to this Secunty Instrument. If Lender determines that any part of the P1'Operty is subject to a lien which can attam prionty over this SecUrity Instrument, Lender may give Borrower a notice identifying the BUSH JJ MP 002004794808 Page 6 ~f 15 In llftf~3 o G -6(WY) 100061 @ Form 3051 1/01 ,000724 hen Withm 10 days of the date on which that notice is given, Borrower shall satisfy the hen or take OI1e or more of the actions set forth above In tillS Section 4. Lender may reqUlre Borrower to pay a omHlme charge for a real estate tax verificatìon and/or reporting service used by Lender in connection with this Loan, S, Property Insurance. Borrower shall keep the improvements now eXlsttng or hereafter erected on the Property Insured against loss by fire, hazards included withiI1 the term "extended coverage," and any other hazards Including, but not limited to, earthquakes and floods, for whIch Lender requires insurance. Th1s Insurance shall be mamtamed in the amolIDts (inc1udmg 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 carner providmg the lnSllranœ shall be chosen by Borrower subject to Lender's nght to dIsapprove Borrower's choke, which I'Ight shall not be exercísed unreasonably, Lender may reqUire Borrowèr to pay, in connectIOn with this Loan, either: (a) a one-time charge for flood zone determination, certificatlOn and tracking servICes: or (b) II one-tIme charge for flood zone determination and certificatioIl serVIces and subsequent charges each t1me remappings or slll1ilar changes OCCUI" which reasonably might affect such determination or certificatIOn. Borrower shaH also be responsible for tlle payment of any fees Imposed by the Federal Emergency Management Agency 111 CO/1IJectlOn with the review of any f'lood zone detenninatton resulting from an objection by Borrower, If Borrower fans to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense, Lender is under no obligation to purchase any particular type or amount of coverage, Therefore, such coverage shall cover Lender, but might or m1ght not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or Itabillty and might provide greater or lesser coverage than was pœviously in effect. Bon'owe¡: acknowledges that the cost of the insurance coverage so obtained mIght significantly exceed the cost of Insurance that BorI'Ower could have obtamed. Any amounts disbursed by Lender under this Section 5 sha] become additional debt of Borrower secured by thIs Secunty Instrument These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment All insurance policies required by Lender and renewals of such policIes shall be subject to Lender's nght to dIsapprove such políCles, shall include a standard mOl1gage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the nght to hold the polìcies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fomI of insurance coverage, not otherWIse required by Lender, for damage to, or destructIon of, the Property, such polIcy shall include a standard mortgage clause and shall name Lender as mortgagee andloI' as an actditlOnal 105S payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower, Unless Lender and Borrower otherwise agree In writing, any insurance proceeds, whether or not the underlymg insurance 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 restoration pe1'lod, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Propetty to ensure the work has been comp]eted to Lender's satIsfaction, provided that such Inspectlon shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration 1fI a single payment or In a series of progress payments as the work is completed. Unless an agreement ìs made in writmg or Applìcable Law req\1ireS interest to be paid òn such insurance proceeds, LendeJ' shalll10t be reqUJred to pay Borrower any lllterest or earnings on such proceeds, Fees for public adjusters, or other third parties, I'etained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligatIOn of Borrower, If the restoration or repair is not economically feasible or Lender's secunty would be lessened, the Insurance proceeds shaH be appl1ed to the sums secured by this Security Instrument, whether or not then due, with BUSH JJ MP 002004794808 . ·6IWY) (0005) o!) Pøge 6 01 15 Inili.IS~ o Form 3051 1/01 the excess, if any, paid to Borrower. Such msurance 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 claIm and related matters. If Borrower does not respond within 30 days to a nOUce from under that the Insurance carner has offered to settle a clmm, then Lender may negotJate and settle the claim The 30-day period will begin 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 insurance proceeds in an amount not 1'0 exceed the amounrs unpaid lmder the Note or thIS Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under aJ[ msurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insmance proceeds either to repair or restore the Property Or to pay amounts unpaid under the Note or tl115 Security Instrument, whether or not then due 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's pnncipal residence within 60 'days after the execution of tbis Security Instrument and shall contìnue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy. unless under otherwise agrees In writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist wluch are beyond Borrower's control, 7. Preservation, Maintenance aHd Protection of the Property; Inspections. Borrower shalJ not destroy, 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 In order to prevent the Property from deteriorating or decreasing In Ya]ue due to Its condition Un]ess It IS determined pursuant to Sectton 5 that repair or restoration is not economically feasible, Borrower shall promptly repaIr the Property if damaged to avoid further detel'loratlOn or damage If insurance or condemnatIon proceeds are paid in connectIOn with damage to, or the taking of, the Property, Borrower shal1 be responsible tor repáirll1g or restoring the Property only if Lender has released proceeds for such purposes, Lender may disburse proceeds for the repairs and restcratlOn ill a smgle payment or III a series of progress payments as the work IS completed, If the insurance or condemnation proceeds are not sufficIent to repaIr or restore the Property, Borrowel'is not relieved of Borrower's oblIgation for the completion of such repair or restoratlOn , undel' or its agent may make reasonable entries upon and Inspections of the Property, If It has reasonable cause, Lender may mspect rbe intedor of the Improvements on the Property, Lender shall give Borrower notice at the timc of 01' prior to such an intenor Inspection specifying such reasonable cause, 8. Borrower's Loan Application. Borrower shall be ) default if, during the Loan applIcatIOn process, Borrower or any persons Or entitles acting at the directIon of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information 01' statements to Lender (or failed to provide Lender 'with mate1'lal mformatlOn) in connectLon with rhe Loan. Material representations include, but are not Bmited to, representations concernmg Borrower's occupancy of the Property as Borrower's pl'lncIpal residence, 9. Protection of Lender's Intel'est in tbe Property and Rights Under this Security Instnnßcnt. If (a) Borrowor fails to perform the covenants and agreements contained 111 this Security Instrument, (b) there IS a legal proceeding that mjght significantly affect Lender's mterest in the Property and/or rIghts under thIs Security Instrument (such as a proceedmg in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priorIty OVer this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever IS reasonable or appropriate to protect Lender's mterest In the Property and rights under this Security Instrument, Including protecting and/or assessmg the value of the Property, and secunng and/or repail'lng the Property, Lender's actIons can include, but arc not (Imited to: (a) paymg any sums sccured by a hen which has prIOrIty over this Secul'lty Instrument, (b) appearmg in court, and (c) paying reasonable 000725 BUSH JJ MP 002004794808 _ -6(WY) 10005) o Pug. 7 of 1 5 Il1i11al~ o Form 3051 1/01 000726 attorneys' fees to protect Its interest in the Property and/or rights under this Security Instrument, including Its secured position m a bankruptcy proceedmg, Securing the Property includes, but IS not limited to, entel'ing the Property to make repaIrS, change locks, replace or board up doors and windows, dram water from pipes, el1mmare building or other code violations or dangerous conditions, and have ~1tilittes turned 011 01' off. Although Lender may take action under thIS Section 9, Lender does not have to do so and IS not under any duty or obhgatIon to do so. It is agreed that Lender jncurs no liabi1lty fol' not takIng any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requestmg payment If this Securtty Instrument is on a leasehold, Borrower shall comply with aJl the provisions of the lease. If Borrower acquIres fee title to the Property, the leasehold and the fee title shaH not merge unless Lender agrees to the merger 111 writing, 10. Mortgage Insurance. If Lender reqUired Marrgage Insurance as a condition of making the Loan, Borrower shall pay the premiums reqUIred to maintain the Mortgage Insurance m effect, If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage Insurer that prevIOusly provided such insurance and Borrower was reqmred to make separately desJgnated payments toward the premIUms for Mortgage Insurance, Borrower shall pay the premIUms reqUIred to obtam coverage substantially eqUIvalent to the Mortgage Insurance prevIously III effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously In effect, from an alternate mortgage msurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the 111surance coverage ceased to be in effect Lender will accept, use and retam these paym.ents as a nonMrefwldable loss reserve In lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstandmg the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest 01' earnmgs on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an J11surer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the prem.lUms for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was requIred to make separately designated payments toward the pretniums for Mortgage InsuratJce, Borrower shall pay the premíums reqt¡Íred to maintmn Mortgage Insurance in effect, or to provide II non-renmdable loss reserve, until Lender's requirement for Mortgage Insurance ends In accordance with any wntten agreement between Borrower and Lender providmg for such termination or until terml11atJon is required by ApphcabJe Law. Nothing in tlHS Section 10 affecls Borrower's obligatIon to pay Interest at the rate provided in the Note, Mortgage fnsurance reimburses Lender (or any entIty that purchases the Note) for certam losses It may 1ncur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers eva]uate their total risk on all such I11surance 111 force from time to time, and may enter Into agreements with otherpartles that share or modify then' risk, or reduce losses, These agreements are on telms and conditIOns that m'c satIsfactory to the mortgage insurer and the other party (or parties) to these agreements, These agreements may reqUIre the mortgage insurer to make payments using IIny source of funds that the mortgage insurer may have available (which may include ["tInds obtamed from Mortgage Insurance premIUms) As a result of these agreements, Lender, any purchaser of the Notc, another I11surer, any reinsurer, !IllY other entity, or any affiliate of any of the foregoing, may receive (directly or IndIrectly) amounts that derive from (or mIght be characte1'1Zed as) a portIOn of Borrower's payments for Mortgage Insurance, In exchange for sharmg or modifying the mortgage Insurer's risk, or reducmg losses, If such agreement provides that an affj\¡ate of Lender takes a share of the insurer's risk in exchaI1ge for a share of the premiums paid to the Insurer, the arrangement IS often termed "captive reinsurance, " Further: (n) Any such agreements will not affect the amounts that Borrowcl' has agreed to pay fot' Mortgage Insurancct or any other terms of the Loan. Such agreemcnts will not increase the amount ßOJTowcr will Owe for MOI'tgage Insurance, and they will not cntitle ßorrowcl' to any refund, BUSH JJ MP 002004794808 G-6(WY) 10006) @ Paga a 01 15 Inltla ~ Form 3051 o 1/01 000727 (b) Any such agreements wiJI not affect the rights Borrower has w if ßny - 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 automaticall)', and/or to receive a refund of any Mortgage Insurance premiums that wel'e unearned at the time of' such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; ForfeitUl'e. All MIsceJlaneous Proceeds are hereby ¡¡sslgned to and shall be paid to Lender, If the Property IS damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repmr is economically feasible and Lender's security is not lessened During such repair and restoration perìod, Lender shaH have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's sattsfaction, provided that such inspection shall be undertaken promptly. Lcnder may pay for the repairs and re¡¡toration H1 a smgle disbursemcnt or in a series of progress payments as the work is completed Unless an agreement is made in writing or Applicable Law requires interest to be paid on such MIscellaneous Proceeds, Lender shall not be reqUired to pay Borrower any lnterest or earnings on such M¡sceHaneous Proceeds. If the restoration or repair IS not economicalJy feasible 0]' Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instl1lment, whether or not then due, with the excess, jf any, paid to 801'rower. Such Miscellaneous Proceeds shall be applied In the order provided for in SectIOn 2 In the event of a total taking, destructIon, or loss in value of the Property, the MIscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of E partIal takmg, destruction, or loss In value of the Property in 'which the faIr market value of the Property immediately before the partial taking, destrllctJon,or loss in value IS equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial takll1g, destructIon, 01' loss In value, unless Borrower and Lender otherw se agree m writmg, the sums secured by tlll$ Security rnstnunent shall be reduced by the amount of the Miscellaneous Proceeds mull1phed by the following fractIOn: (a) the total amount of the sums secured ImmedIately before the partlal takmg, destructIon, or loss Jß value divided by (b) the fall' market value of the Property Immediately before the pan1a] taking, destructIon, or loss 111 value. Any balance shall be paid to Borrower In the event of a partial tak111g, destructîon, or loss III value of the Property III 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 si,¡ms secured ímmed1ately before the partial takmg, destruction, Or loss in value, unless Borrower and Lender otherWIse agree 111 wríting, the MiscellaneOtls Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due rr the Property is abandoned by Borrower, or if, after not1ce by Lender to Borrower that the Opposing Party (as defined 10 the, next sentence) offers to make an award to settle a claim for damages, BotTower fails to respond to Lender withm 30 days after the date the notIce is glVen, Lender IS authorized to collect and apply the MlsceIlaneous Proceeds either to restoration or repair of the Property or to the sums secured by thIs Security lnstrument, whether or not then due "Opposing Party" means the third party tbat owes Borrower MIscellaneous Proceeds 01' tlJe party agamst whom Borrower has a right of action in regard to Miscellaneous Proceeds Borrower shall be ]J' default if any aeMn or proceedmg, whether civil or criminal, IS begun that, in Lender's Judgment, could result in forfeJture of the Property or other material impaJffi1ent of Lender's Interest 111 the Property or fights under thIs Sect1rlt)' Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a rulmg that, In Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest m the Property or nghts under this Security Instrument. The proceeds of any award or elann for damages that are attributable to the impairment of Lender's interest m the Prope.rty are hereby assIgned and shall be paid to Lender All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applJed In the order provided for in Section 2 BUSH JJ MP 002004794808 cD -6(WYJ 100061 <!> Pogo 9 of 1µ Inll¡ÐIS'~ o Form 3051 1/01 000728 12. Bon'ower Not Rcleasw; Forbeal'ance By Lender Not a Waiver. ExtensIOn of the time for payment 01' modificatIon of amortizatIOn of the sums secured by this SecurIty Instrument granted by Lender to Borrower or aay Successor in Interest of Borrower shall not operate to release the liability of Borrower or any SlIccessors lI1 Interest of Borrower. Lender shall not be required to commence proceedmgs against any Suçcessor 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 rel'lSon of any demand made by the origtnal Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any fight or remedy lI1cludmg, without limitation, Lender's acceptance of payments from third persons, en.tities or Successors In Interest of Borrower or in amounts less than the amount then due, shal] not be a waiver of or preclude the exercise of any nght or remedy_ 13, .)'oint and Several Liability; Co~signers; Successors and Assigns Bound, Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who cO-$igns thIs Security Instrument but does not execute the Note (a "co-signer"); (a) is co-signing tIllS Security Instl1.1ment 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 terms of thIs Security Instrument Or the Note without the co-signer's consent. Subject to the provIsions of SectIOn 18, any Successor ¡n Interest of Borrower who assumes Borrower's oblJgations under rhìs Security Instrument In writing, and is approved by under, shall obtam all of Borrower's rights and benefits under this Security Instrument. Borrower shalJ not be released from Borrower's obligations and lIabíllty under thIs Security Instrument unless Lender agrees to such release in writmg The covenants and agreements of this Security lnstnlment shall bmd (except as provided 111 Section 20) and benefit the successors and assigns of Lender, 14. Loan Charges. Lender may charge Borrower fees for services performed III connection with Borrower's default. for the purpose of protecting Lender'š interest m the Prope11y and rights under this Securìty Instrument, including, but not limlted to, attorneys' fees. property inspection and valuation fees. In regard to any other fees, the absence of express authonty in this Sec~lrity Instrument to charge a specific fee to Bon-ower shall not be construed as a prohibitIOn on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Secunty Instrument or by ApplIcable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connectIOn with the Loan exceed the permitted limIts, then; (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the perrmtted limit; and (b) any sums already collected from Borrower which exceeded permJtted lilnlts will be refunded to Borrower Lender may choose to make this refund by reducing the pnnclpal owed under the Note or by making a direct payment to Borrower. If a refund reduces pnnClpal, the reduction will 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 ducc! payment to Borrower will constitute a waiver of any right of action Borrower nllght have arising out of such overcharge. 15. Notices. All notices gIven by Borrower or Lender in connectlOn with thiS Security Instrument Ulust be in wrJtíng. Any notice to Borrower in connectwn with this Security Instrument shall be deemed to have been gIven to Borrower when maiJed by first class mail or when actually delivered to 'ßorrower's notIce address if sent by other means. Notice to anyone Borrower shall constItute notIce to all Borrowers unless Applicable Law expressly requires otherwise The notice address shall be the Property Address unless Borrower has designated a substitute notìce 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 BOITower shall only report' a change of address through that specified procedure There may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shaH be gIven by delivering it or by mailing it by first class mail to Lender's address stated· herein unless Lender has designmeq another address by notice to Borrower, Any notIce In connection with this Security Instrument shall not. be deemed to have been gIVen to Lender until actually receIved by Lender. If any notIce reqUired by this Secunty Instrument IS also req~nred under Applicable Law, the ApplIcabJe Law requirement wìll satIsfy the corresponding requirement under !h]S Security Instrument BUSH JJ ~ ·6(WY) 10006) (!) MP 002004794808 Page 10 of 16 In11lfl1S~ Form 3051 o 1/01 000729 16. Governing Law; SeverabjJjty; Rules Qf Construction. This Security Instrument shaU be governed by federal Jaw and the law of the jurisdIctIOn in which the Property is located. All rights and obhgatlOns contamecl in tlllS Security Instrument are subject to any requirements and limitatIons of Applicable Law. Applicable Law might expJicitly or implicitly allow the parties to agree by contract or It mIght be silent, but such silence shal1 not be constrlled as a prohibitIOn against agreement by contract. In the event that any provi¡¡ion or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shan not affect other provisIOns of thIs Security Instrument or the Note which can be gIven effect without the confhcttng prOVlSlOn As used in this Security Instrument· (a) worctsof the mascuJine gender shan mean and Include corresponding neuter words or words of the feminine gender; (b) words in the singular shaJlmean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligatIOn to take any action 17. Borrower's Copy. Borrowel' shall be given One copy of the Note and of thIs Security Instrument. 18. Transfer of the Property 01" a Beneficial Interest in Borrowcr'. As used in this Section 18. "Interest in the PropertJ'" means any legal orbcneficial interest in the Property, incltlding, but not limited to, those beneficIal interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of whích is the transfer of title by Borrower at a future date to a purchaser If all or any part of the Property or any Interest in the Propel1y IS sold or transferred (or jf Borrower IS not a natural person and a beneficIal interest 111 Borrower is sold or transferred) without Lender's prior wntten consent, Lender may require Immediate payment In full of aU sums secured by this Security Instrument However, this option shall not be exercised by Lender if such exercise IS prohiblted by Apphcable Law, If Lender exercises this option, Lender shall give Borrower notice of acceleratlOn. The notice sha1l provide a period of not less than 30 days from the date the notIce is given 111 accordance with Section 15 within Which Borrower must pay all sums secured by thIs Security Instrument. If Borrower fai1s to pay these sums prior to the expIration of this perIod, Lender may invoke any remedies permitted by thIS Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shaH have the nght to have enforcement of this Security Instrument dIscontinued at any time pnor to the earl1est of: (a) five days before sale of the Property pursuant to any power of salecontamed in this Security Instrument; (b) such other period as Applicable Law might specify for the termmatlOn of Borrower's right to remstate; or (c) entry of a jUdgment enforcing this Security Instrument, Those conditions are that Borrower: (a) pays Lender a11 sums which then would be due undcr this Security lnstrument and the Note as if no accelel'atlOn had OCCUlTed; (b) cures any defauJt of any other covenants or agreements; (c) pays all expenses mcurred 111 enforcmg this Secunty Instmment, 1J1cluding, but not limited to, reasonable attorneys' fees. property inspection and valuatlOn fees, and other fees Incurred fOf the purpose of protecti,ng Lender's interest 10 the Property and rights under this Secunty Instrument; and (d) takes s1.lCh actIOn as Lender may reasonably require to assure that Lender's interest In the Property and nghts under this Security Instrument, and Borrower's obl1gatlOll to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Bor'rower pay such reinstatement S1.lms and expenses III one or more of the fOllowmg forms, as selected by Lender: (n) cash; (b) money order; (c) certifie<J check, bank check, treasurer's che.ck or cashier's check, provided any such check is drawn upon an institution whose deposits are II1sUI'ed by a feder¡¡! agency. instrumentality or entIty; or (d) Electronic Funds Transfer, Upon reinstatement by Borrower, thIs Security Instrument and obligatIons secured hereby shall remain fully effective as if 110 acceleration had occurred, However. this rrght to reInstate shall not apply 111 the case of aoceleration under Section 18. 20. Sale of Note; Change of Loan ServiceJ'; Notice of Grievnnce. The Note or a partIal Interest in the Note (together with this Secul'lty Instrument) can be sold one or more times without pnor notice to Borrower. A sale might result ìn a change m the entity (known as the "Loan Servicer") that collects Penodlc Payments due under the Note and this Security Insti'Ument and performs other mortg~ge loan serVlcmg obhgatIons under the Note, this Secw·1ty Instrument, and Appllcable Law, There al$o might be one or more changes of the Loan Servlcer unrelated to a sale of the Note. If there ts a change of the Loan Servlcer, BOITower will be gIVen written notice of the change which will state the name and address of the new Loan Servlcer, the address to which payments should be made and any other Information RESPA BUSH JJ MP 002004794808 G-6¡WY) (00051 QD Pa¡¡e'1 of 15 Inl(jaI6~ o Form 3051 1101 000730 requlfes 111 connection with a notice of transfer of servIcmg. If the Note is sold and thereafter the LO,an is servIced by a Loan ServIcer other than the purchaser of the Note, the mortgage loan servIcing obligations to Borrower will reIDam with the Loan ServlCer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser, Neither Borrower nor Lender may commence, JO.in, or be Joined to any judicial action (as either an individual litIgant or the member of a class) that arises from the other party's actions pursuant to thIs Secunty Instrument or that aIJeges that the other party has breached any provisIOn of, or any duty owed by reason of, thIS Security Instrument, until such Borrower or Lender has notified the other party (with such notIce gIVen in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notIce to take corrective action, If ApphcabJe Law provides a time period which must elapse before certam action can be taken, that time perIod will be deemed to be reasonable for purposes of thIs paragraph. The notICe of acceleration and opporturuty to cure given to Borrower pursuant to SectlOn 22 and the notice of acceleranon given to Borrower pursuant to SectIon 18 shall be deemed to satisfy the notice and opportunity to take correctIve actIOn provisions of thIs Section 20, 21. Hazardous SI~b,Stunces. As used In this SectIon 21 (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutat1ts, or wastes by EnvIronmental Law and the followIng substances' gasolìne, kerosene, other flammable or toxic petroleum prodUCts, tOXIC pestIcides and herbicides, volatile solvents, materials contaIning asbestos or formaldehyde, and radlOactive materials, (b) "EnvIronmental Law" means federal laws and laws of the jurisdictIon where the Property is located that relate to health, safety or environmental protectIon; (c) "Environmental Cleanup" incl\)de..~ any response action, l'emeduÜ actIon, or removal actIOn, as, defined 111 EnvIronmental Law; and CeI) an "Environmental ConditIOn" means a condition that can cause, contribute to, or otherwise. trigger an Envlronme.nt¡,¡l Cleanup Borrower shall not cause or pel1nit the presence. use, dIsposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or In the Property. Borrower shall not do, nor allow anyone else to do, anythIng affecting the Property (a) that is In violation of any Environmental Law, (b) which creates an Env]l'Onmental Condition, or (c) which, due to the presence, use, or release of a Haz<lrdous Substance, creates a condition that adversely affects the value of the Property. The precedmg two sentences shall not apply to the presence, use, Or storage on the Property of small quantitIes of Hazardous Substances that are generally recogmzed to be appropnate to normal residential uses and to mamtcnance of the Property (includmg, but not limIted to, hazardous substances in consumer products); Borrower sh¡\ll promptly gIVe Lender written notIce of (a) any investlgation, claim, demand, lawsuit or other actIon by any governmenlal ot· regulatory agency or private party InvolvIng the Property and Rny Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any EnvIronmental Condition, including bm not ]¡mtted to, any spilling, leaking. dIscharge, release or threat of release of any Hazardous Substance, and (è) any conditIOn caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental 01' regulatory authority, 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 actions 111 accordance wíth Environmental Law, Nothmg herein shall create any oblJgation on Lender for an Environmental Cleanup, BUSH JJ MP 002004794808 ~ ·6(WYJ (0005) ® PÐ\l~ 1 2 01 16 Inl( ala~ o Form 3051 1[01 NON-UNIFORM'COVENANTS. Borrower and Lender ful1her covenant and agree as follows; 000731. 22. Acceleratiou; Remedies, Lender shall give notice to Borrower prior to acceleration foUowing Dorl'ower's breach of any covenant or agreement hi this Security Instrument (but lJot prior to flcce.Ieratiou under Section 18 unless Applicable Law provides otherwise). The notice shaU spedfy: (a) the default; (b) the action required to cure the defaul,tj (c) a date, not less than 30 days from the date the notice is given to BOI'I'ower, by which the default must be ,cured; and (d) that failure to cure the default ou or before the date specified in the notice 111ay result in acceleration of' the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Bon'ower of the light to ..einstate after acceleration and the right to bring Clcourt 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 Ok' before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Secmity Instmment without further demand and may iuvoJœ the power of sale and any other remedies permitted by AppJicabJe Law, Lender shan be entitled to collect all expenses incurred in pursuing the remedies provided In this Section 22, induding, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invol{es the power of sale, Lender shalJ give notice of intent to foreclose to Borrower ancJ to the person In possession of the Property, if' different, in accordance with ApplicabJe Law. Lender shall give notice of the sale to Borrower in the manller provided in Section IS, Lender sha1l publish the notice of sale, and the Property shall be sold in the mannel' prescribed by Applicable Law. Lende.' 01' its designee may purchase the Property at any sale, The proceeds of the sale shaU be applied in the following order: (a) to all expenses of' the sale, including, but not limited to, reasonable attomeys' fees; (b) to all slims secured by this Security InstruiIlent; and (c) any excess to the person 01' persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Il1strument, Lender shall release this Security Instrument, Borrower shall pay any recordatIOn costs, Lender may charge Borrower a fee for releasing thIs Secumy Instrument, but only if the fee IS paid to a third party for service¡¡ rendered and the chargmg of the fee is permitted under AppJjcable Law, 24. Waivers. Borrower reJeases and waIves all rights under and by virtue of tbe homestead exemption laws of Wyoming BUSH JJ MP 002004794808 .. -ßIWY ) 100051 @ Page 13 01 15 Inl{ ðl$~ CJB o Form 3051 1{01 '000732 BY SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants contained in this Security Instrument and m any Rider executed by Borrower and recorded with It. WItnesses· ~¿-:-;s Jonat . n Lush --.. (Seal) -Borrower ,//-ì ,r'..'.'. (~rDlC..~..,-·i:~S; f\.~\~seaJ) I Jess i ca B Bush -Borrower (Seal) -Bol'rower (Seal) -Borrower _ (Seal) -Borrower (Seal) -Borrower (Seal) (Seal) -Borrower -Borrower BUSH JJ MP 002004794808 o G-6IWY) (0005) @ Page 14 0116 Form 3051 1/01 STATE OF WYOM1NG, County ss: The foregol1lg instrument was acknowledged before me this oyJonathon L Bush and Jessica B Bush October 15, 2007 000733 My Commission Explres_ ~t.£æ;/I 6;;2_/../ 2~~·'''· . / ........... .-.. .' ~, y LORI KALAN - NOTARY PUBLIC COUNTY OF LINCOLN Notary Public STATE OF WYOMING My Commission Expires Feb, 26, 2011 BUSH JJ MP 002004794808 .. ·6IWY) 100051 (!) Pag. 15 01 1 6 Inili.IS~ o FQrrn 3051 1/01 Exhibit A File 6010715850 Description 000734 The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is described as follows: A tract of property located in the Southeast Quarter of the Southeast Quarter, Section 7, Township 25 North, Range 112 West, 6th P.M., Lincoln County, Wyoming and more particularly described as follows: Beginning at a point which bears North 67°24'49" East, a distance of 3403.78 feet from the Southwest corner· of said Section 7; said Southwest corner being a stone closing corner on the range line between Range 112 West and 113 West; said range line bears North 00°07'37" West, and is the basis of bearing of this legal description; said point of beginning lies on the North boundary line of said Southeast Quarter of the Southeast Quarter of Section 7; thence South 1e51'18" West, a distance of 390.88 feet to a point; thence South 00°03'02" East, a distance of 66.15 feet to a point; thence South 84°46'31" East, a distance of 344.54 feet to a point; thence NOI·th 2r25'16" East, a distance of 340.21 feet to a point; thence South 7r36'04" East, a distance of 44.70 feet along the easement centerline described in BK134, PR, PG208 filed in the office of the Cleric of Lincoln County, Wyoming to a point; thence North 11 °51 '18" East, a distance of 181.03 feet to a point on the North boundal'Y of said Southeast Quarter of the Southeast Quarter of Section 7; thence North 89°47'07" West, a distance of 472.47 feet along the North boundary line of said Southeast Quarter of the Southeast Quarter of Section 7 to the point of beginning. rsP' 1