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Home My WebLink About874281 REel: IVED L1NCOl,}'] COUNTY CLERK .. o I .JUL ...: 3 -/U}" 8: 3-4: .0" ~tSlTo. ~5i? I} This Mortgage SEE pOL 7.(71_lf MalTuns ,;;;;;- Y:3 814281 JEANNE \V;:\GNER !{EMMEF{EH. WYOMING BOOK_.16? PRPAGE8 (] :j [Space Above This Line For Recording Data] MORTGAGE DEFINITIONS Words used in multiple sections of this document are defined below and other words are defmed in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated June 21. 2001 together with all Riders to this document. (B) "Borrower" is Thomas S We 1 stad and Lee Ann We 1 stad, Husband and Wi fe Borrower is the mortgagor under this Security Instrument. (C) "Lender" is Major Mortgage Lender is a Wyomi ng Corporati on organized and existing under the laws of Wyoming WELSTAD, T. AF 1061308 WYOMING-Single Family-Fannie t/Freddie Mac UNIFORM INSTRUMENT G -6(WY) (0005) '/ , Page ~Of 15 MW 05/00,01 IniliaIS:~?(/ o Form 3051 1/01 11111111111111111111111111111111111 VMP MORTGAGE FORMS - (800)521-7291 .... ":: ", .<,~/~. . .0' ~ -. ':;; j",: . ,;. . i , . . ". "" .'. ..;.%.~:~:::~,.,~~ ;:"" .. '\<:!J!~;:.~~~'I;.:<::"," "" .:':~ ,~,,;~,~,":/.:.~'. . ., ': .;:'~~J'.. :' ,. ..~;:;~~~;;t~~.';j}\':'.'.> .' ;T/:";-:,., ~' '{I':~'~~~:~::'>'::'" >".;;~{0:i.~::: .-"; , '~".:j:,'/:;'" . , : ..:. ~': ..:," ., . . /.::z.....:,.:. '.,;'. " ~ .::' :.:.,~'~; - .... :. .. ~::~: ~...:~ .' :. ... .r'. . '-~'~'-' . .,: .;~,_., . '.~' , .,.'....s::':.1 i._:' ;.: ;.~:.:~...:..,.,.: .:' :.:.::~-._,. /;): ':;.:,-;". ,- '" ,:,-,:, , . " , ':~. . - " .:~.i_::i' . 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V"',J 806 Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient ,to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfonning the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due, Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, untilthe 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 Security Instrument as a lien or' encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiwns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term 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 shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when andJl payable, the amounts WELSTAD; T. AF 1061308 Initials: 1:/l/ 0 cD -6IWY) 10005) Pago 4 of 15 Form 3051 1/01 @ '.'r". ~"'/.. ~ ...oolIIll -,:-..-: ..'';f_ : >;;;:-I>~.~)/. .: .. - .".. I. r, '. .;-.: ~. ';,. -. ..~~. ;\~.:,;.~~.'~.'.;:; '.:c-',..-:. - ':.;r.'..,.. ._",::, , , , , /, .. , , '.' '. ., .'. ..~'.'~. ',/:, ':.:. '.' , - : I.~ ' .. -,. r' ,': >: .=,"~ :; 1 I ! I'..", .... .;::"(:;.f'i~t(;:~ . . .::':):j~!;;'?, .;". \>~:~0:{;~;=:':..'~.~<~:-' :;~'.\J.::Z1;;f:.~}.>.:.:.. ..: ,. ;'":::}r..":,,,::.,.. . 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I - - - Or37Ll~S1 308 lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one+time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5, Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone detennination, certification and tracking services; or (b) a one-time charge for flood zone detennination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such detennination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails 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 might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts 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 right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance 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 underlying 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. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment 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 insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained 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 security would be ned, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whe r r not then due, with '""'" t /u/ - Form 3051 1/01 WELSTAD. T. AF 1061308 cD -6IWYJ (0005) <!l Poge 6 of 15 \. '. ~;. o ;..~,', ;~.'.. - ~ .. ..il. IIlro... - \.:~>!J:.i'", . ~_:c -,I." ,~:' ::;~}'::/.;[~;~~~;~;.?'.' '.'> '.',::' :,.., , ".Ii' ,:;'..:i:3{:s:;'J;; .... . I,; ~\,'~'~'{":.~,;~ "'." ::;.-X{~lt,-. . r""';I.'" ..:.:},:.I>:::;:~~~t\.;~;:.~: ,.... . r.',S .:. . ;<~:~?~~~i)." "'~::~;: ~~:~.~L<': .'.'_<~:)W;- .,' .: .' :. '~~~'. ,-.;. , . _ ..., ','/1-';.. 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Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date.of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions' of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10, Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously hi effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance, If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in-. effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower~ hs a reed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will n rease the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borr~fany refund. WELSTAD, T. AF _ 1061308 Initi'I$;..u~ 0 .. -6(WY) (0005) Page 8 of 15 Form 3051 1/01 @ I;,; ..' -'1' "i" ~O/~ ~soe WJO:l , /}) 1 rry :Slell!UI o - ~ 8081901 ~V .1 'OV1Sl3M Y 'z: uO!loas U! 10J pap!AOld laplO alp U! panddl! aq 1reqs Auadold aql JO l!l!dal 10 UO!ll!lOlSal 01 panddl! 10U a.rn ll!lp spaa:>old snoalmIIa:>su,'\I IIY "lapua'I 01 P!l!d aq Ireqs plm p<:lmi!SSl! Aqalal[ <:Ill! AU<:ldOld alp U! lsalalU! s,lapu:yy 10 lu;mu!l!dw! <:Ilp 01 arql!lnqpUl! all! ll!tn sa~l!urnp 10J uq-ep 10 pll!M.l! Alm JO spaaoold atU 'luaWnllSUI Al!ln;l:JS S!lp lapun Slq~p 10 Auadold aql U! lSalalU! s ,lapu;;l'] JO lUaml!lldw! tl1pall1W laqlO 10 Auadold alp JO aml!apoJ sapnpald 'luaw~pnf s ,1apua'I U! 'llllp ~U!Inl II ql!A\ pass!Ws!P aq 01 gu!p<:la:>old 10 UO!l:>ll aql ~U!snll:l Aq '61 uO!loas U! pap!AOld Sll all11SU!al 'panm:>o Sl!q uO!l1l1apOOll J! 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Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of ,or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14, Loan Charges, Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction 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 direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices, All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address \Ulder this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding require~under this Security Instrument. ~/ _ WELSTAD, T. AF 1061308 Initials: % /J' 0 G -6(WY) (00051 Psgs 10 of 16 Form 3051 1/01 <!) " I,.'" - ,'''~: :.';.:: ~ . ";"";'.', - .' '.'''. . . , . . '-' .' '.' , , : ~:)~.t;<i~~~~/>, . ,.;','. :,.<':!:.,:ts /',:::'~:~i:{~~~:~~/~:,~': ..;'. . ! -'; '\r:~~~:) '. ..' ",.'. ';..~:\-",' /'" ":.:>r > ~L( " ',.. r::;:,;?".~~~~:::::j'~.: .' ., '\:;'o"i'" ..1 :.;~,~;::':'>.,,;:..... .' . . .,.>.>~:,<;j,~::..:.~..' . :;\;~:t/~~~ , .':,:: ,'~8~~~'~< ... 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Auadold ;Jlp qJ!qA\ ul uop:>!pspnf alp ]0 A\E1 atp pUll A\13I IElapaJ Aq p;JUl;;lAO'3 ;;lq lIEl{s lUaWnllsIT( AHln;);)s SItU 'uoJpn.IlSuo;) JO 5alnll !AnnQll.l3AaS !M.ll'I ~U!U.laAof) '91 e [8 "yT) ",.1., " ,~~) n .....f"j-.l... It, ...""M - - - (1 ~,:ri~ L1:~~ 81. 814 requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed ?y reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice .of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flanunable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property.and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. WELSTAD, T. 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"T~~t'l~~O Ir .. ~ .. - - O l~>\ ~1 it "). 1\,,)1 ..) t t:""'" I.._,} - 816 I' BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Witnesses: 4 IL-/ <<~~ Thomas S Welstad /L~ defn< .~ . Lee tin Welstad (Seal) ~Borrower (Seal) -Borrower (Seal) -Borrower WELSTAD, T. AF 1061308 cG-6IWYII00051 ~ (Seal) -Borrower (Seal) ~Borrower (Seal) ~Borrower (Seal) -Borrower (Seal) -Borrower Page 14 of 15 Form 3051 1/01 't o ,;", .". .......IIlIIl - - - 08~ijL1281. 817 STATE OF WYOMING, County ss: The foregoing instrument was acknowledged before me this byThomas S Welstad and Lee Ann Welstad June 21. 2001 My Commission Expires: L~ -14 - 0 1- Sharon Walker Notary Public County of ~ State of ' Lincoln ~ Wyoming MxCommission Expires June 14, 2004 ca -6(WY) (00051 <AI Page 15 of 1S / Initials: ~ Jt.L/ Form 3051 o WELSTAD, T. AF 1061308 1/01 ..... j - - - , -. 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