HomeMy WebLinkAbout936201
:Retum To:
WFBK !'mAL DOCS X9999-0lX
:J,000 Br.VB fiØ!tAN Jf.CW)
BAOMf, 1m SU2J.
P1;e,pa1'td ~y:
'NBLIoS :rØQO ü!II1t, N.A.
RECEIVED 1/11/2008 at 4:04 PM
RECEIVING # 936201
BOOK: 683 PAGE: 684
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
:1.119 :D()'[JGLAS" OM7J!A, NB
681010000
000684
~ [SpaCUI Abo"t 11I.II1..1œ FIIJ' ]Iecor4\J18 ÐûtJ
MORTGAGE
\)Î.
DBPINlTIONS
Wo¡dI used in m\I1tiple sect10nl of 1ÀÎ4 document are defined below and other wo;{d$ lite deftnod In
SeadODJl 3, 11, 13. 18. 20 and 21. CertaìD rules œ¡ardID¡ the \1OAp of words Ulcc1 in 1lUt docnJ,aIct1t are
e1so provided in Scotion 16.
f~
(A) ,,~:lutrumtDt" mtaO.I this document, which is dateda~Y 1.1, 2001
together with aU Riders to this doo1JmeJlt,
(8) "Borrowtr" is .roØBUA J mDt1IIW, A HUGBP r:øMOH
';'1
,,'
,4(.
I ¡
Borrower is the monlllor unð.ea' Il\it Seanrlty InStrUIIlmt.
(C) "Lender" j¡s ms¡,¡,S I'Å1\GO DR, N.A.
Lender is 8. MUO:NAú ASØOCD:A'1'ZOIf
or¡anlzed md exiSting W1der the laws of 'J:D 'Dlfot'rBP S'tA'tIlS
00815'7081&
WYOMING-$ln~l$ llamllyo...nnl. M..IFr'ddl. Mea UNIPOI\M INSTRUMENT
FDrm 30&1 '1/01
_-OMY) IOOQOI
Peg.' af 15
111~llIlilllll!11II1
LmøDr'uddresa is '.0. BOX J.170J. ~, 111'11 0'7:1.0:1..70:1.
000685
t.8;ø.der Is th~ mo¡qagee UDdor thit $ecurlty Inst:rumont.
(0) "Note" means ¡he promiSSOry note liip4 'by BOl'IOwor 111~ dated JAWAltY :1.1, 2008
'!be Note state. that IIotro\VeJ: OWe$ LeL\der om: !lIJ:N))1.BD '.nD:1t'1'Y sBV1!lS 'J!HOtJEI,M¡) ATiIJ)
'00/:1.00 . Dollars
(U.S. $....137,000.00 ) plU5 Ü1tete8t. ÐoIrowerhaa ptOœiled to pay thiS debt In regWat' :Periodic
~t& aJ1ð. to pay the d8bt in f'u11 not later thra. n:eWARY 01, 2 Ø3 8
(E) "Property" maan& 'tho ptOpetty that is described below 'Wlder the headin¡ "Traoeff:t of Rights in the
PropertY. "
(F) "Loan" IDMDII thD debt evidenced by WJ Note. plus intereSt. my prepayment cbargea and late c.1W¡es
due under the Note. aDd all eumJJ due under this security InstrumeÐt, pl\'tt i:Gterest.
(G) IlRiden" meø all Riders to this Security InBtrumOnt tbat IIC 0MÇU1;ð. "tly BotrOwcr. The fonowi:og
Riders ate to be executed by Borrower [cD.ec1t box as llpp1Jcable]:
§ A4, u&table Rate lUd;r § conc1omimum R1ðer ~ SO¢O».d Home Rider .
Balloon Rid.er Planned Unit DevolopmW Rider 1-4 Fam11y RIder
VA Rider Biweekly Payment Rider Othor(s) [tpeejfy)
TAX EXEMPT FINANCING RIDER
(B) lI;\pplicable Law" meana øl1 controllin¡ app1ica~le federal, &tate AJ),d, local st~ ré¡\1latio~.
ordhJançce IUd ~.Ttat1ve ruloa (I,'Ø,d Qtders (that have the effect of IB.w) II weU M .u applicable flDal,
~J1ooappea1able judiCial opinions.
(I) "CommunIty AIJiO~au.o. Dues, Fces, and A88EØDllPW" mean& all ð.Utl, fees. BSSesømeD1l and. other
ohara" that. arclmposeG on ;Borrower or the PropertY by a condomllli\1U1 auociauOI1t' homeowners
association or similar or¡anlzatloJJ..
(3) "E1ec::troD1c Jonds Tnmsfer" ~ any transfer of fundS. other than a traDBaction .000ginateå by
chcok. ð:aft, OJ $i,milat paper ins~t, which is Initiated thro\1¡]11ñ electronic ternúIl!l. telephOlic
i1UtJ.'WI]ðl1t, computer. or magnetic tape 10 M 10 Otder, instruC1, or authorize a ftnanola1 iDatitlltÏOD to debit
ot credit an account, Such u:rm includc.s, but i8 I;IOt lUnited to, po.lnt-of~sa1e tØn$fers,. autÒfDated . 1911er
mao,bine transactions, u.n8fè11 initiated by telephone. wire transfers, and av.tamate4 c)eariD¡housø
uaoIfm,
00 "ErmPW Ite:u;w" means thoso item6 th$r art: descn'bcd In Section 3. .
(1.) "Miscellaneous PröeMds" means any QOIIIpøation. ,etucœcnt. award of dame.¡ef. or ,þtocccds paid
by *O.y thitd party (other than i1Ul.1tanOC proceed& paid under tho coverages dcslOr1bed in Seçt~ ~) fOJ: O}
dama¡e to. or dcsttucdon of, the ~¡ (ü) condemnation or other t.8king of all 01' any pan of the
ProPtltY¡ (iii) conveyance in lieu of çon4~tion; or (tv) xn!sreprlllcntatiOn$ of, or omlssloœ as to, the
value and/or oondition of øe Propo.rty, . .
(M) "Mort¡Alt lnBarance" means insurance proteet!D¡ Le;u~er agamat the nonpayment of, or d~t em,
~~~ '
(N) lIJ?crlodlc: Pa~tll means the re¡u1arly scheduled amount due for (i) prinCipal an~ tnte.rest under the
Note, plus (ü) any IID1D\U1tS \U1~ Section 3 of this Security Inatrøme;nt.
(0) "lŒSP;\,t nteans the Real Estate Settlement Prooedurea Ao\ (12 U.S.C, S~cdoø 2601 e:t.seq.) and.its
implemeBtiD¡ regulation. Regulation X (24 C,F.R. Pm 3.500), as they mlgbt be: amendeà from WDe to
~, or lJtJ.y additional or INCCe3S0r legislation or regulation that ¡Ovèn).$ the 8111'M subject matter. As used
In this Sowrlcy In4uumcnt, "l\BSPA" lofer$ to all requirements and restrictions that are ~ed m ttgard
to a "federally rolateò moag8&C loan" eYeo If the l<Ian d.oea not qualify as a "federally relíU~ mort¡a,go
loan" 'W1dcr RSSPA.
_..(WV) (00011
p~, 2 at 1&
In/1I,r,. /J1. -~
~ ~ Porm 30B1 1/01
000686
(1? .Succlllor 1D Intcrtllt or Borrower" means any PartY \hit bU œt= U1lt to thf PT;operty. who1her or
not that 'P~ hu assumed BoxtOwer'ø obB¡ations under the Note and/or this SCGurlty ~.
TRANSFER OP RIGHTS IN THE PROPERTY
1b1. $caurlf.y JD¡uuœ.eø.t 5eaute5 to lAmder: Q) the repayment of the Loan, and. all renewa1a, Cx.tm1BiODll and
lOOd1f1çatlonS Of the Noto; and (it) (he p«fol1JWl,Ce of norrower'. CO'YtI).81\t$ and. ~ unctcr tb1I
Security ~ 8M the Note. POI this pmpose, Bo¡¡QWet docs hereby mœtgage. grant aDd oonvøy to
I..eúdct &nd LoD~'s racœesors and ..signs, with power of eele, (be fol1ow!D¡ l1e.cribed property located
m tÞe ~ of LX:YCOLN
[fype of DacordIDi JwIPJ\IItIoI'I]. [}lilll' of RecϯlllJ Jurl44io1ioD]
t.0'1! , or :ElúOClt 37 01' :rnS't An'Drr:J:OU '1'0 ~ 'loW 01' ~, LJ:NOO:r.x
C:Om4'tY. mœ:ŒG AS :EJISÇ1tIBØD 0111' '1'D OJ'J'ICUIt PLAT 'rØUOI'.
D:[S :a:s A fVltCSft,SB lCOIlTft s¡:c:tJ1I,:J:TY ~.
'J!,U ATA'.fZllØ'rS ØEOtnD DB sæn: 'lCh ,mLLS J'ARQO KOKII !IOa'lcwm, P.O. BOX
¡~101, ~, RJ 07101t701
patœllD Number:
61:3 ~ S':raBI'1'
1CDDI1tDK
(ItPNpe;tt)' AdðrDll"):
TOOJ:.11ί. WITH aU the improveanems t1QW or. hereafter ereeted OJ,), the propertY. and all
weœents, appurtenan0e5. ød ~ now or u¡eafter . part of the property. All tepl~u ø.d
additiOD$ . sba11 also be covered bY this Sccnrlty JmtrW]lmlt. All of ~e fotcJOIq is rc~ to iD IhiI
Security ID$tn\tOIJI1t as the uProperty, p
BORROWER CQVENAN'I'S that Borrower il lawfully seised of the estatC hereby conveyed and has
tile right to martga¡c, ¡rBDt and. convey the Propen)' and that the Property is unencumbered, cxçept for
~ of teCord. Borrower wamntS and will defend gonoraUy IDe title to the 'ttQpet.t'f against aU
claims and demandt, wbject to my encumbrances of record.
THIS SECURITY INSTRUMENT combines uDifol111 çgYmllDt8 for I1Itioð81 usa IIDI1 non-unIf'onn
cov8l1811ta with limited varlatlol18 by juriadicdon to CODsututo a un!form securitY in;ttwnent coverlng real
property .
UNIFORM COVENANTS. Borrower and Lender covenant and agree BS follows:
". Pt.yme1Ú of Prindpal mtereet, Iscrow Items, Prep~ent ChaI¡et, and Late Charles.
Borrower shell pay when duo The prJnçipal of, 1114 wte:relt on, thll debt C7Vldcnced by the Note aud any
prepayment charges and. late cb.8J:gt$ d.ue under the Noto. Bonowcr Bha11 also P':1 ~d$ fOt Esorow Itc:IDI
p1.I1'S\W1t to Section ~. psymems due under the Note end this Security Instrmnent shall be made in U.S.
cumao)'. However, if any check or other lnst1'\.lDlØQt rooelved by Lendèr µ:P under the Note or this
"'Id.
_61WY) lOOa~ '''" is df IS Fonn aO'1 11'01
wbich ~enr1y has the id~ of
(S1Ie.Q
[C1tf) t Wyoming 831.01 ~lpéodl]
000687
Securlty ID.Jt;nJO'Ie'Ills retumeci to J.,ender unpaid, Lender xnay roqulro tba; ~ Qr all BUb~ p..yøf!;l1U1
due under the Nore and this Sørity JnsttWneDI be mad.e 111 one or more or me f'oUowln¡ 1'o:a:ms. as
selected by Lender. <a) 0..,1).; (b) money ord.er: (c) certlfted check. b8Dk check, treUU1'~ts check or
cashier., check. provided my such check Is drawn \Jpon a1.\ WtltuUon who" depo8!tS arc i:IISUre4 by a
federal qency, ~ty, or entitY: OJ: (d) !1cctrOll1c Pund8 '1)'Wfer.
~ are deemed received 'by Lender wh~ :eceived at the location designated in the N,ote.ot at
such ather locatiOn as "I1JJY be d~ by )AD¡1er In aççorc;lanC$ with the DOtice provisions In Section 15.
Lendét 1i183' return any payx;nmt or pBrtial payment it tbe payment or p~ gayments are infoffi_t 10
brlnS tho Low current. Lender may accept any payment or partial paymell1lD1u!ñojeøt to brlD¡ the Lom
CI1tl'CJlt. without wa1vf:;t Of any rlghlll he:rowc1tt (Jt prejudico to its npU to ref'w¡e suth ~ Qr paniø1
~a~11n the towe, bUt LeI1d.er !s not obliptOO to apply such paymðDt$ at !be time such paymex&UI ate
.ccepted. If each Periodjç Pay¡œn is applied as of itS ,chedu1ed. duo date, the;ð Lender need not pay
intmat oxa unapplied funds. Len~er øy hold suc:h unapplieð. fu.A\dS uø:rJl BorIOwer makeS pe:pmmt to In'lD¡
the Lom cuuut. 'J.t Borrower does not do eo wlthJn a reasonable puiod of time. LcncJcr GeU either apply
sugh 1'ImÒli onetum them to Borrower. IttJþt applied earUer, wçh Ílmð$ wID 'be applied to the ~œg
ptinoipal balam;e under the Note lmmed!awly prioJ' to foreoloaure. No ø£fset (It claim which Borrower
miaht have now or In the futuIe qainSt Lender shall re11f'10 Ðon;Owetr from maldD¡ payJne:nÞ due under
the Note and. this $ecurlty 'IDst::run1ont or pèri'ol:Øi:OS the covenants and agœeme,nta sc:wred by tbi& ~ty
Inst.rUD1Ollt.
Z. AppllcatLon of ra;nøuu.t$ or ProcMdS. Except *' Qtbøwlsc desçribed in tbit Section 2. ill
p"yø¡.eøu accepted. and applied by Lender shall be appliel! iP. tb.\'I {Q).1OWh18 Older of pr1or1ty~ (a) mmelt
Will \I.U4eT WI Notc¡ (b) prinçipal WO wder the Noœ¡ (c) amounta ch1e undtt Semion S. Such ~
8ha11 be applied w eaab. Periodic Payment in the 0t40r In which it bØ1n9 ð.ue. A:D.y remIl1n!n¡ amountB
shall be applied fU1E to late charles, secoml to J¡J.ÿ other amounts due under thi8 StclJti~ ~t. and
then to m\lCe (b,e prinCipal balanco of tho NQto.
If Lender receives 1 p1yment :!tom Borrower fQr a ðeJ.inQ.UCJ1t Pcr1ollic;; P~t which DlCluðee a
¢ficlent amount to pay my l.të ch~ due, the payment ~ be applied. 10 me c1eIlnquem payment and
tht ¡"8 charge. If more than one Periodic pay;øent ~ ouatandin¡. Lender may applY any pøy~ received
from Bonower to the repayment of the Porlod1c P~ym$Ø.t8 if. and to the oxtont thai, each payøœ cu. 1)e
paid in full. To the extErnt rhtr any excess exists after tho payment 1$ applJed to the full payment of OIlD or
mote Porlodio Paymouts, e1.I¢h ~ceca ~ be appHed to any Ime cJw¡e. dUe. Volunœry prcp~ontll fhall
'be applied tlm to any prepaym~t clJ.a{ges and _ as doacr1bod In tho Note. .'
At!y appllcat10n of payments, ~ proceeds, or MisceU8IlC.IOUs Proçeeds tl) prlAOi:Þ81 due under
. the Note $hill not extend or postpono tho clue I!ate, or change the amount, of me PerlocJic Paymentc.
3. F1ùuI8 for bcrow Items. Borrower 5hal1 pay to Ll'JI1dcr on the day Po1'l0410 paymemø Il1O rjlJO
under the Now. \1J1ti11he Note is paid i11 full, a sum (the "Funds") to proviCle tor payment of tIDOWlt8 due
fOt: (8) taXC8 B.11d. 88sessments and other items wbic.b. can attain prlodty over Ibis Sewrity ~. ae a
lien or e.ncumbtønœ on the Propcrty¡ (b) løuohold paymtnte Qr g.ro~ renta on the Property, if Bllf¡ (c)
prem1UD11 for any and. all mBut8l1Ce required by Lander under Section S; and (d) MotrS8St ~
preuûW1'J8, it an)', or any Bums payable by Borrower to J..e:¡ ,det in lieu of the payment of MortiSJO
IDsurmoo PlemiWIJa in acco¡dance with the provisions of Section 10. Th~o items are oalled Ils.orOW
lteim. II At ort.on or at lIlY 'timO durin¡ the tc:ø of the Loan, lAmder may requiIs that Commu.tùtY
AIsocittiOn bues, Pees, and Assessments, if any, be e$ct()wed by Borrower, and such du~, fees and
ISsC85Øntll sball be an :Escrow Item. BoItower shall promptly fumi&b to Lenda' all notiocs of amounts to
be paid. under thit SectiOn. Borrower shl11 pay Lender the Funds for Escrow Jttœ$ \West LcIu1er waives
Borrower' B obll.atll>n to pay tho F\u)d$ for any or 811 Bscmw Items. Lender ma:)' waivt Bonower' ,
Ob1i¡aúoJ1 to pay to Lcndðl' Funds for lID)' or all :Escrow ItemI at e1J.y dœe. AtJ.y IUCh waiVCf ø.y O.D1y be
in wriún¡, In the event of 6\lCb. wtivet. Borrower shau pay directly, when and where payable, the âmOW1ts
_-alWYlloooll
'aoeUf18
,nld,.M~ A
~(){ Porm30151 1101
000688
dUe tot any &crow I~ tot whIch payment of FUnds has been waived 'rJY LeAder and, if ~ ~uitett
&hall Mui$b to Lender ~pt$ evldeooing such paymèDt within web time period. as LcDdcr may lequire.
Botrowc:r's obUgatioø. to mako BQçb payøe.nts and to provide øceipts shall for all P'lJX9Oses be deemed to
be a cOvtJ.W).t and agreement conta1ncd in this SecwitY Insr.rumem, iii the pÞtQC "covcmaDt ana. $gøe,ø.entll
is used in sacti~ 9. If BOIIQwar is obligaUid to pay Escrow ltamS d1rcct1y, putlUBDt to a waiver, aucl
Borrower faiJ.$ to pay tho arDOWlt Clùe tot an Bscrow Item. 'L,eoder may exercise its rights undO!' SeWon 9
and pay such IJI )Unt and Borwwer e.b,all then be obllptod unðet Scotion P to lepay to llmder any such
i1ñO\W. Lender may revo:ke the wa!.YeI as to a¡¡y or aU Escrow ItemS at any time by a DOUœ given in
aCQOIdance With Section 15 anð., upon such revoeation, ~orrowll1' sball pay to LeAder all Funds, and in
C\J@ a:tI1OlJDtS, that are then required under thi$ SectiM. 3.
Lend.et tMY. at any time. eol1£Cl aI1d hold Funds in en amount (3) sufficient to permit Lender to apply
the Fund. at the tixDe spccifieå \1I1ð.er RBSPA, and (b) not to ø.ceed the :øwdImmJ amo'ØJ1t a lender em
. ~uJtc under RESPA, ):.eI1det shall eBtimatO the amount of FluIds !luo oø. thO basis of cuµtÐt ða\a ~
: ~nable estimateS of expendiwres of future Escrow Ittm9 or otherwise in accotdanCC with Appl1cable
:~- .
The Fund8 shall bo held iiI 8:1'!. ins\11Utloll whome \\epo$ir.s are insured. 'by a f'edl:ral BgCI1C)' I
instnJ¡neø.t$};.ty. Elf d'ij" (lnc1udiDa Lendtr, if Lender \s an ln6tit\1Uo:o. whOse deposits are ao ÏDS\1fed.) ot œ
, any Fecleral ßox:o.e Loan !lank.. l.on<lër $hlII apply The Pw1ds to pay the Bscrow ItcaJ8 no later thiQ. tht ~
$pCClf1cd. undo:\' RESPA. :Lender shall not -i~ »œxower for holding and applying the PuDds, lJUlUally
anI1y.W)g the escrow accxnmt. 01: verifying the Escrow ItemS, unless Lender pays BoIIO'NCf ÏJ3.tettSt 0;1). the
PundII anð. Applicable Law permits Lender to make such -a. oharlO. TJ»l~ an agreement is mado in writiD¡
or Appllcablo Law xequires Ù1tm11t to bo p'¡d 0J1 the Punds, LeDder shall not be ~ to p~ Borrow«
tltJ.y interest or eamings on the Punds. BOIl'OweI-and Uñdet CI111 agree In wrlt1n¡. however, tbatinœrcst
sball be pal.d on mo Pwd$, JAnde' SMJ.t. give to ·Borrower. without charge. DD annual accowtiDi of tb&
Fuø1s 8& requited by RESP A,
If there is a. surplus of F\U1dS heJd in escrow, IS· defined. under ltESP A, Lender shall aJ;COUJll to
Bonower for The excess funds In ac;QOxdance wilb' RBSPA. If there is a shorta¡e of ~ held in escrow.
as døt1ne4 ~ ~sPA, Lender shall notify Bouower M required by ltBSPA, and BoJ:fOW81 $hall pay 10'
. Leñder the amount nece868IY to make up' we lhoita¡e in ~oroance with RESPA, bUi in no more than 12
-xnol1tbly paymentS. If there i¡ a deficj.1:I1CY of Funds hold in escrow, as ðefi;Q.ed ~det RESPA, Lœdcr sba11
'¡wU!y BQnOWet as requiml by RESPA, and Borrower shall pay to Lender the W1O'W1t nt.C~8ary to make
up the defiCi£J:ICY in accordance wi1h RESPA. but in 110 J1lC CC than 12 monthly payments,
Upon payment in full of a11 sums seçure<1 by thi. ~ ~t, Lender shall prompUy refund
to Boøower any Pundi h$ld. by Lender. .
4. Charges, Lieø5. BOnOwtr $'hall ~ay B11 taxes, assessments. charges. fb\e$. 2114 imposiJions
aUrib\1tâW: to the Property' which çan attahI priority ov'ct this Security Instl,'lUDaIlt, leasehold I*Y~U or
¡roWl~ lema OJ). the Propeny, if lillY, and Comm\1DÍty MfQciaùon Dues, Pees, and AsseHDlOIltB, Ifarr¡. To
the ex.teDt that 1høse jtertl$ are Bscrow lIems. Borrower shall pay them in the manner provided in Section 3.
Borrower shall promptly disc:b.arge rany lien which has priority over this 5eculitY Instl\U11Ul ~es.
Bonower: (8) a¡x-eeJ in writing to the payment of the øbliSltion secured by the lien m R manner acœptable
to Lender, bUt only 80 Ion¡ as :Bo:o:ower is performing such agreement; (b) contolta tho lien iø. good faith
'by. (¡r dtfends ø.gains!: enforcement of 1I1e lieD in, leJ$1 p~eedingø which in Lender's opinlon opeIate to
prevent the enfOrce.œ!l.'It of the lien while those proceedin¡S are pending. bUt only until such procced!Dgs
are conc:1uded; or (I;) securea from the bolder of the Han 8ft a¡reement satisfactory to Lender R1bOrdiDaUlU
the liCll to tbil Security Imnumont. If LeiD.der determines 'Chat any part of the Property is su.bJect to a lien
whiCb can attain priority over this Seçwity IDSt[\1U1ODt, L=IUJ" J'XIJ1y give Borrower 8. notice ldendfyfng the
_81M') 100081
P~5 61 15
~b þj'~ ~
~ PormlS051 1/01
'1\ Jl
000689
1lez1. Witbm 10 dayS of the date on wb.icb. that nouce Is glVUIl, Douowet shall satisfy the lieu Ot * ¡m.e Q~
more of tho a¢tiöD$ ae:t forth above in this SëdiOD 4.
Lendðr may reqWr$ :ao~wer to pay a one-time chlttge for a real estate tax verification aIJdlor
reporting service U8ed by Lmd.er In oonnt.ction with lhis Loan.
5. Ptoptl'ty lDsuranc:è. :Borrower shall keep the iD:!Fovements now ex1stiDa Ot br:1'eatccr ~œd on
the Property iJ1$'W,'ed against 101& by fite. hazardS included within tbe term Pcxtcnded covera¡t'" qd any
otl1c:I hazaråB includiDg. but not 1Imited to, earthquakes and t1oods, fOr w:b1cb. Lender requires iDwranCe.
Thit i1UI1ranœ shall be Ø]!intained in the 1IDJ( \IDt¡ (Jµc1uding deductible levels) and for the periods 1ha.t
l..fJt1/JI:t requires. What L$ndèJ: requires pursuant to the preceding sentcElQOI can chanif: durin. the tem1 of
the Loan.. The Insurance carrier providing the tnmmce IbIll be: cI10sen by Bonower pbJect to LcÞder's
rl¡b' to diäpprove Borrower's cbo~ee. which right shall not be exercised umewnably. LeDder ~a.y
require DomJWer to pay. in cmmeçtlon wi1l\ tbis Lom. either: (I) a one-time charge for flood zone
òeter.ø.inaIion. cert11lcaûon and. tt8Cldng serviccs; or (b) a on~tØ charge for 11004 ZOllO da~o~
and çertifi.catiOD se¡,ovices and subsequent @$X'ges eacll ùme remappin¡' or sïmUar changes oççur which
rcøsonab1y m1¡h~ ~ such d.etemúnaûon or cœtiticetion. Borrower shall also be mpo:4$l.blc for ~
paYlXIØlt of any fec;r Jmpœ04 by the Ped.cra1· Bmer¡oncy MWgement Agency iDçonnëCtiO;O. wi.tl\ !he
rovIew of trt:J flOOd zone determination multing from III1 obJecdon by Bonowct.
If BoxroWI!f fails to ma1n~ain any of tb.e covera,ses described above. lbndet rœy obtain iDsurmce
oóvcra¡c, at Len~r'$ QpIÏOD md BoIIÓWœ"'II·e¡¡,p~· lb1der is under no obli,gation to purchase any
particular type or lm!,Qunt of øoverage. TheNfoxe. such coverage $hall cover I.=Ør. but œi8ht fit might
1\Ot protect Borrower. Borrower's equity in tho Property, 01: tbe conœnts of the Propcrrty, .pir.øf tJJtY ri&k.
)!,azatd or liability md miJht p:ovide greater or lesser coverage tba:4 was previolaly in cft'eçt. BollOweI'
acknowled8es that the cost of the intum).Ce OQvetagc so obtained mi¡ht 5i þñficantly exceed tho oost of
Insuranoe thac SOIIOw~ could have obtaiMd. Any amouuta c1isbursed by Lender under thi$ Section 5 M
b£COme additional deb~ of 130nQWet secured by this. Security Insuu J),8¡)t. These amounts ahall bear intORlBt
. at tb NOIl: me from the date of disbux$emmt and shall be payable. with sø@. tJ),teftSt, upon notice from
LeI1ðor'to BoliJ'Ower ~ue8dJ1g payment.
. All mMRCf; po¡iciCS rcqu!%cd by Lender and renewalt of such policies shall be SUbject to Lender'.
right to disapprove $I.1ch policies, &hall Include a staDdaxd moaSage clause, and shall name l.oDd« all
:mort¡a¡ee and/or as an additional loss payee. Lender shall have mo :riabt to hold the policies and renewal
œrtif1car.es. If Lender~, Boxrower ahal1 promptly ¡lve to Lender a1lrtteipl$ of paid. premiums and
rt.;I .CWal notices. If Borrower obtains tD.Y form of Ì118ut8I1Ce covera¡c. Dot Oth8IWise- reqWttd by lender.
for ða;ma¡t to, or c1C)8trul;Ûon of, tho Property, $@ policy $hslllt1olude a standard mort¡a¡t cla\1Ie and.
shall name Lender as mortgagee and/or as an addftlonallo,. payee:.
In the event of loss, Borrower shall give prompt notice to the ïnsuranoe curler and Lender. Lcndet
may rœko proof of 1088 if not made prO~tly by Borrower. Unless Lender md BoITOwer olhuwise agree
in writiDg. œ:J.'j msur8DCC proceeds, wh~er or not the W14etly1l1g insutance wlIS required by Lender. shall
be appUed to restoraCiQn ot tcpalr or the Property, If the restoration or X'8pair is economically feasible BDd
lðnders security is not lenened. During such repair and restoration peñocl, JAI.d.e¡; $J.\8U þave the right to
holli wch insurance proceeds until Llmder hù had an oppotrunity to inspect .such Property to ensure the
work has 'bee¡¡, completed to Lender's satisfaction, provided that such h18:POC1Îo.n shall be- undertaken
promptly. Lender may d~b'IUSC proceeds for me repairs and restoration in a smale payr,osnt or in a seritt
of ptosreu payments as the work is completed. Unless an agreement Is mado in wrltin¡ or Applicable Law
requires intereSt to be paid on such lnsuranco prot:eeds, Lentter shall not bt t£Cluited to pay Borrower any
interest or earnlD¡s on such ptOceeds. Pees for public adJusters. or other third parties. retained by
:SoJI'Ower sbaU not be paid out; of tho ÏDs\IraIlÇO proceeds and shaIl be me 1Q1e obllgatlon ot BoII'OWCI'. It
the restoration or Iepair is not economically feasible or Lcnd.cr'/i security would be lesaCDO!j, the iJWraIlÇe
ptoceeda shall be applied to the gums Së¢ured by tb.i& Security wtromel1t. whether or IIOt then due, wlth
-'-ð(WY) 100061
"IIt' D'"
-p
Form 3051 1/01
OOO~90
the œesB, If any. pai~ to narrower. Such 1n8UX"lD¢e pI1)ceedS shall be applied in W; on1t1' provided for in
$Iction 2.
If SOtrQW'e1 ablllldons the Prope:ttY. Lendm' may ma, no¡otiate and settle 811'/ available iDBaIaDCe
cllb and related mattm. If BQttOwor does not lespond within 30 days 10 a nonoe froœ. La1dcr that the
iDIvœIOe ~ has offered to settle a e1Aian. then Lender may negotiate t!1d. settle the claim. 1'ho 3()'day
petioli 'W1ll begin wÀCI\1 tbe no11ce Is glnn. m eitber fNeDI, or if LeIIder acquires rh& Property wuier
Section 22 M otherwise. Borrower ]).ttC'b)' uslgns to Lender (a) BorrOWct'S rights to any insuIaDCe
proceedl iD In lD)þ'OJ).t 1).Ot to exceed tho 1D1O\1IJ,t$ ~ tmder the Note or this SecuxitY InstrJ1m,8m, and
(b) any mhœ of Bo¡wwO¡-', ¡j.pu (other Than the riJht to .y fCfund of UDlunec! premi1.1mS paid by
BOltOWtt) una.er all insUra11ee poli<:ieS covering the Propeny, lnIofar AS snch tights arc appltçablo to tho
covf.\DIe of the Prcpetty. LeI1dor may 1,I¡ð the i»sUlUCC proceeds either to repair Ot tettore the Property or
to pay 1'oU1O\IDt$ \1APaid under the Note or thi$ Security lDauurnent, whether or not the.1.\ Clue.
6. Occøpa.QÇ1. ØQItOWet IIha11 OCCUPy, mablieb. and usc tho Property as BOlXOwet'S ptinC1pal
residanœ wJtb1n 60 day. . the e.lCCUdOD of thi8 SØC\1ri.ty ~ and. shall cont1nue to ØCtJIif1Y The
~ u Borrower's priDCipa1 mjdence tor at 1cast ono yoar aft" me ðùe of occupancy, uw.a Lender
otherwise ape¡ in writb1g, which consent shall ÐQt be umeasonably withh~( ', or wilesG fDttell.uadßg ,
clrcumstanœa rDdst which æ-. b&yond Borrower's control.
7. PreHJ:"t'8UODt MaiDtcance ød Proþetion or the PropertY; ~OØI. narrower shall Dot
deItroy. dIIxtJASt ot impair the Property, allow t1UJ Propcny to duriœato or ~~ .w~~ on tile
~, WhcIthà- f8 øot ÐortoWe1' is resldtq in the Property, Borrower shall maintain the PropeI1y in
otdor 10 provø th$ ~ from c1eœrloratln¥ or ~iAa in value due to Its condition. Unless it ill
detc1'mIned pur6Ulmt to section. ~ t1w repair or reøcorat.ion ill not econolnica11y fOllllib1a, BorroWOE' 5h!Il1
promptly repsir the Property if ðamaged. to avoid fu.rIher c1eterloIal10J) or damage. If lD&Uranco 'or
con~Ar OI1 procccdl are ptid in ~Q1i with damage to, or the takinJ of. 1be Ptopetry, Borrower
sbOU ~ ~lb1c for mpairln¡ or TClltoriD¡ the ~ 0Il1y if LendC'Jt has releasecJ prooeeøt for I\1d1
purposeø. Lm1der may diSburse ~1I:oceeds·tor the repairs ancS restotation in III single payment or in a series of
progress paymants IS the work b completed. If tho Wuranco or çOndeamation pnx:eeds ate not suffîoit:nt.
to repair or rostorc tho Propeny, BOrxower i. DOt relieved of Borrower's obllpt1on for the coøple'ion of
web tepait or :œatOntion. .
Lender or ltt *le;Qt "(t)AY make reasonable entries upon and ìnepecti.=s of the Prope;rty, If it has
reasonable ea.. ~8t ¡;nay inSpect the intcrlor of tho IJIIpIOV~'" 011. ~ :ft¢pln)'. LCII1der sba11 give
Borrowor notico û the time of or pnot to such an interior inspection spec1fYiJI¡ mch reasonøb.le caw!:.
8. Borrow. Loan App11c:aUoD. :Borrower .ball' be In d&fault if, durin; the Loan application
plQCe8lþ BOtrOwer or any persons or _tie. *CtWg at the d:irccdon ot BOn'Ower or with Borrower's
knowled¡e or COJU£nt gave materially falsc, misloadlnl, 01 inacCW1te ~f~tion or ItatcmCC1ts to Lender
(or failed to provide Lenð.et with msterLal information) In connection with 'the ~. Material
representations Include. bu~ are Dot Umitë4 to. represenw.ions conoem!rlg Borrower's occupancy of the
Prope.ny as BQ1'tOwe:I:"s principal resldmcc.
9. Protec:t1oa :of Lender'. lnterest in the Property and Bight. Under this Set'Ori1ir ~~t. Xf
(a) Borrower fall. to perform the çovemmtB Inti a¡mments CQ)),ttit\æd in this Scourlty !Dstrumem, (b) there
is a le¡al pxoceediog that might slgn!flcantly affect Lender's !.merest in the PropertY i:Mlor right$ under
this Seçurby Ins1l'\\mOnt (8\1Ch M . p:l;oceedîng in bwmptcy, probate, for çondemnation or forfeiture, for
enforcement ot a lJen which may attain priority o'Vtr this SItCu.d.ty Wtrument or to eI1force laws or
regulations). or (0) Borrower has abandoned the Propeny. then Leu.d!r n18.Y 110 and pay for whal:cvcr i&
MaSoaab1c or sppropr.iaœ to pt:oteot Loncler's ÍDterest in the Propèrty ind riahø 'IlJ1dt:t fhi& Soourity
Inatwmeœ, incl~ ;FOiecdng and/or assessing the value of me Property, and IiCOurl.n¡ ØIor Rpairin¡
the Property. Lender's actioDl can. include, but arc nOt limited ~; (a) paying any S1l1'D$ $ecurcd ~y a li= ,
whiM has priority over mi. S6ðutity ~t: (b) appearing In court: and (c) paying reasonable
_alWY) (OOO~
'111'''_ '1
~p
IIorm 30151 1/01
000691.
atuGeyet fees to proteCt it. mceJ:e$f In the Property and/or JiShtf unc1o: tbis S~ur1ty Inst1ü1neDt. Inotuclln¡
its secured. ~sitioD in a b~Ptcy proceeðin¡. Securing the Pro1J!:IIty inClUdes. bu~ 111 nQt liml,.a !(It
entÐ.1'1n¡ the ProperlY to make IÇNø. chan¡e locks. replsœ or bOW up ~~r3 and windoWs, ~a1D w~Or
from pipea. cUm1Datct buil<ÜnJ Ot other code violationf Ot døngeroU8 conditiOJ1&, QIld have ut11it.iU tumed
on or off. Althoua'b. Ladet may take action under t.b1a Section 9. Lender d,oes not have to do so and is DOt
WIder any duty or ob1ismoø. to do so. It 1.$ ~Stecd that Lender iD¢uø J10 habUit)' for not takmg any or all
actions aú1hOrlze4 under this Section 9.
Art¡ amounts diCb\u1cd by LcndC'l' un"=' tI1it Section 9 shall beCOJ1lC addlT1ona1 debt of Bot1'OW01'
sec_ bY this SecuritY InstIument. ~e amotmts sJ1aJ1 \;Iear mtmll at tho Note rate from th" ~. of
dia'b1,lneø1eDt and shall be- payable.. Wlth such intereSt. upon notice from Le:Q4er to Borrower xequelltiD&
papnent.
If thiII Sewrl~ ~11s OD a l$Mmold. :BortOwer shall comply with all the p¡oviaiomJ of the
IeJSt. If Borrower açq1Jlm fee title to tho PropIXtY. the leasehold and the fee Ude sba11 not merlO. UDlC3e
Lender a¡rees to the me:gC1' in writlD.¡.· .' .
. 10.. Mortgage 1Dø~. 1f 1..cì1dor rcqWr~ MO¡;'[S&8e Insurance as a condition of makin¡ ~ LoA!1,
BorrlJwer Uœll pay !be prem1umø required to Inaintaln tho Mon¡¡q¡ol1A$U1'it1CC In cff'ect. 1£, for ~ ~d.
the Mo1i¡IIIJ ~ coverøge required by undm- ceases 10 be av&ll~l. ~ the mo~a¡~ biiuler that
previously provided SJJÇh 1nI\lØJ ,Cð and Borrower was requi,red to mako separately ðiNijtW8d pq.menu
toWard tÞt prcmiu:am for Mortgqe hwtance, Borrower 8haIl pay the pmniWIli ~ to o~
cQverage su.bltantially equivalent to the Mou¡a¡e hu\U811ce previously m effect. at a COSt su~umT.la1ly
o<¡wvalent to the cost to Ðonower of the Mort¡a¡e Intu*Cð 9teViously In effect, from an al~
mort¡a¡o ÍI18ww ~eJ.ectcd·by Lenùer. 11 sub.tW1ÚøJ1y equivalent Monla. J,11øœance COve!\IP Is not
available. Borrower sbaU çODÜDV.O to pay to Lender the amount of tbe eepattte1y de,slgnated payments That
were due when the in.SUI'DD.CC canrliCl ~ tQ be in. ctTlct. Lender will accept, use ønd re1alD -
p&yment9 II.!I a Don-re1'w1dable lOSS reserve in !leu of Mœt,¡aae :b1aurance. Such 1088 fœerv8. àl1 bé
DOn-refi.mðabl&. l1otwithstBDdin¡ the fact that me Loan is ultimatoly pai~ b1 fo11t IIl1d Lender Bhall not be
rcqultcd to pay Borrower my interCSt or oaminp on øu.d1lou rBØtVC. Lender çaD no lOJlpr Jtq,\lÍrð l(lf.
ItietVe paymamt8 If Monllle In.sutance covera¡o (in the amount IWd for the period that Lender.~) ,
provtdoc1 by m WUJà' selected by Len!!er ai~ beCOmes available, Is obtained. and Lcdtr ttqw.res·
.8epame1y de:lIi¡natod pay¡::o.enr.s toward. the premiums for Mo:ngage ÞmraI1ce. If Lender required. MonJIP
In&urance os a çonðltion of tIØtb:Ig the LOan and BOlTOW.er WII requJxeð. to make separately c1esi¡nl ted
p~ towat6 tbe pr~ for Mort¡a¡e Insurance, BoItower shall pay the premiums requket1 to
maintain MortJIICO Ins\1rm¢e b1 effect. or to provido a non-retimðable 1088 reserve. until J..ender'ø
requ.tremcnt for Mortgage Jnsurançc ends In aççordaDco with an)' wntlel1 a,greemcmt between Bonowe¡" and
Lei!der provldln¡ for. I1.1c11 tel:JXWJaUCIn or W11i11omñDlI!oa I. ~ 1>y A.p~e Law. Nothing in this
SeçtloD 10 Iffecu Boµower's ob1i¡at1on 10 pay ¡merest at The rate ptOvldcd.1n tho Note, .
MoftaAgl: lDsuraDCe reimbu.rres l.ender (or any entity 1hat purchases the Note) for aerta,\n lQs.se$ it
may Incur if B01'1'ower does not repq the Loan as &¡reed, Borrower is IlOt .. paxty to the Mottgaae
IDsurIllCO.
Monga¡o in~s e:valuate theJr total risk OD all B\1ch ina\lranco œ force !tOm thnc 10 time, and may
enter into a¡reemmti with other pacrl~ that share or modify their risk, or reðuce louer. These ~
are on termS and conditions that ate satisfactory to the mortgage ÍI1I\1ter 8D4 the otb.e;- partY (Qt parties) 10
these a¡reements. The89 agtMlnClts may requ1rc tho monilae innuer to m,p pa~u using any aoURIC
of f\mdB 1hat tht¡t mortPi' ~uret may have available (which may incluClO t\In(tS oÞtaWx1 ttQm Mortgage
wurancc prcmlUIDl)~ . .
AI a teau1t of these a¡reements, Lender, 8I1Y purchaser of the Note, another Insurer. IUly reInsurel,
8XI,)' other entity. or any affU1.e of any of tbe fore¡oiø.¡. may receive (directly or Indirectly) 8II1011Dts that
derive from (or mi¡ht ~ c.baractedzed as) a pOrtioD of Bomlw~s paymenu tor Motc8"81!: ~. ~ .
exchanle for sbarini or modifying the mortgage insurer's risk, or rcd\1cin.; 10111101. If S\1@. .~eoment
provides that an affiliue of Lenc1et takes a share of the Insurer's risk in excban¡e tor a Ibm of the
prcmlwns paid to the, menter. !he arrangement Is often termDd I'captive 1'éÏJ151.Jm1ce. ~ Fuxther:
<a> IUJ:1 øueb agreements w1ll not. aftec:t the amOUJ113 that ;Qœro~ has ...-eeð to pay foX'
MortPlO Xø~ce, or any other terPll of the Loan. :Sucb a;recm~tI ,,111 1AOt ~ tJA, 8mO~t
Borrower will owe for Mortal'. X:ørarance, mil tbey will not mUtlc Borrower to any refund.
_,."""''''''' h~"" ,p "......, '101
000692
(b) Any such ap-eementr will not affect tbe rJøhtllJomwet bu " it any - with ~ to th.
Mortgag., JDlw'ance IDldr.r the Homeown81'S Protect1oD Act of 1998 or l1li1 other law. TheSO riahu
may bwIIude the riPe to rece1Te oertatn cUIc1osures, to req- ad obtø1n C!8IIc:ebdOn of the
Mort_. 1DI1JraDce, to i1&'V. the Mortgage JDawm1C8 termIDated automatiClø1ly, øn.dJør to rêCtti,. 1\
nlImd of Ø1 Mort¡aBIIDI1nD,Ct premiums thaC wan lJIIearned at the time of øcb œnecllatloD or
temdDatlœ..
11. Aa1pment of MløU1111'fttoUS Proeeeð8. fortlli1ure. All Mi.st811aceous ~ AW Jwe~
QI1gDod 10 ami aJW1 be paid to Le:ader.
It tho Propony 18 dlmf.¡ed. inch MlaceUaneoul P.tooeðda &hall be applied to :restoration or œpair of
the Propony, if the ccstontlcm or rvplÙ' i, ecQI1QØIioaUy foulble IUd J.,edde:r's sllClU'ity 18 nOt laSMed.
During ßucb repair ilia petoraWm period., Lender tb.a11 bavo tho right to hold ~ t4Ìace1lmeoua PIoœeds
untU leJIð.er bas had BIl opponun1ty to j:Q$peCt such Property to en9\,IX$ the work has bcm. cœpleted to
Ütkr's satiøfactiODI pxOYidtd l11at such Inspoçtiou shill bit un4e1'talœn promptly. le,oder may pay for the
repaiø mcI tt8101'IUOD in a siD¡le diabut8emeDt or In a .mea of PtQgre4IJ ~tI ú w wott it
. çomplete4. UD1css 111 ~ is made In writ1D& or Applicable Law rcc¡uires mtONlit to be paW. QI1suoh
M1Bëel1aDeous Proceeds, Lendor &hall noc be reqUlre4 to pay B01'1'OWtr ø;y _est or eBI'DIDp on .nob
M}$œ1laJ1eOUS Proccccls, If the renoratiOll or repair i8 not eëoDom,it:ally feasible or Lander'l *œ1ty woUld
be lll*£ð.. me MiaoeUaneous Proceed$ shall be applied to the sums I8C\1(8(\ bY this Socurlty 1DJtIUID1:iI1t.
whe1hor or not \hen Ò\J,l¡l. w;.tb thf; excess, if l1li1, paid to Bon'OWf:t. Such Miscellaneous PIoceeða ØD ~e
çp1ild. in fhø ot4cr provided for ~ Section 2.
. In me ovt.Ât of 8 tota11aldDJ, d.OJtt\IQÛo~,· Q;\' 1088 in value of the Property, The Miscellaneous
Proceeds shall be appUed to tl18 $UØ18 IKIOIlI'Cd by thia· Sog1lIi1j ~t, whether or IIØ~ \hœ1 <Jut, with
the ÞWI. it my. paid to Borrower.
iii the ovent of a p~a1_~, desm1CtioD, or loss In vaIu,", of the ProPettY Î11 whIch the fair JJ1II'k.et
va1\1' of t1:If: Property Immediately befOre tb,'Þ plrtial taking, destruction. or 1085 in velue Is equal to at
greater thm the amount of the SU1'%III secured by ibis s.cuntY ï:ostt\uneDt It"Iftll!dlate1y befoæ the partial
WDnJ, ð«ItJûCtion, at 1011 In vllluo, vDlest Bonowet t1Id Lender otherwiso ~ in WIiting, the .uxns
scc;u.rè4 by tb1B SOçwjty Insuument shall be redIIccd by we aœount of the MlsceDaneoua PrOceed.s
multiplied by the foUowlng fraction: (a) the total 8D1OU1tt of 1hc sums secured immed.iMe1y before the
paniá1 takin¡. dmxucti04, ot Ion in value d.Mde4 by (b) tbf ftit ~ vlllue of the Property ~ate1y
before the pàrda1 takIn¡, destruction, or 108$ œ valuc. A1Jy ballDCO shaD be paie! \0 Bonower.
In the eveDt of a patti8118kh'18. dcstruct1on, or 1018 in value of t'Qe Propl:ny in wb.1ah tho fair market
valuo of tho Propeny immediately ~fotc Ihc pmial taldD¡, d.em\lÇtloD, or lota m 'Va1u.~ is lea. thl1\ the
lmOuøt of tbI: W1m aecure4 immed1atcJy before the pctial Uking, I1eIttucúon, or J088 in· valuo, un1eøs
BOIIOWer d Lender otherwJse agree In writ1n¡, the Mi¡ce11aneoua Procnds sh811 be applied to the sums
secured by this S$Curlty IDs!tuñlw whether ot not the sums are then due.
If the Property i$ abandoJ1ld. b)' Borrower. or If, . after nonœ by Lender to )::IoxroWet tbaI the
Oppositlg Party (u defined in Ü1S nut sea),œnce) oft£rS to make 811 award 10 sottle a çlaim for =' ,
Borrower fails to respond to Lender within 30 days after the c1ete tl1e ",once 10 ¡1veD., Lcmdcr il au
to collect and apply the MlsçollanlO\1I Pro~s ei.tb.et to restoration or repair of the Property or to the
IIUDS è$cuæd by mi.t ~ty IÐstrument. whether or not theJl; due. "Opøg party" meens the third pa1'IJ
WI owes Borrower MIscellaneous Proceeds or fbc party. against whom Borrower hall a ri¡ht of ¡çdOD in
,;e,gard to Miace1laneous Proceeds.
Bœrower shill be in c.lëf'å\1lt i.f *n"l action or proceec1iftg, whether civil or crlmIn.a1, is begun that, in
LcDder', ~t, C(luld. re.tUlt In forteiture of the Property or other mater1allmpaiJIMDt of Lendor'a
IntereBt In the Propmy or ri¡ht8 W1der thi8 Security Xnetrument. Borrower can CI11'e such a default and, if
aççeleraûOD bas occuned. reinstate B! provided in Section 19. b)' cauehl¡ the action or proceedin¡ to be
dismissed with a ru11n¡ that, in LoDðw'$ j~t, preclude.; fotfeimxo at rhe Þropcn;y or other material
Impairment of Løndcr'. interM in the P:wpe~ or tighTS ÙDd=- this S~ty InstrumImt. The proceeds of
any award or claim for damagCI.I that am attributable to the impaim1eDt of lAnder', 1nt0rc4t in tbe P:topE;rty
are hereby assi¡necl and shall be paid to It.o.der.
AU MieClJ11b11t¢'IU ~ !hit Atð ~Ot applied to reIItoratkm or repair of the Property Ihal] be
applled. in the order provIded for in Sccüon 2.
_"(WY) \1)00111
"lOt 11011 5
InlØP"'~~'
--r- FlInn SO!J1 1'01
000693
u. Borrowa:' Not Re1eNed; Forbearance D1 Lender Not a Wid..... Þcna10n of me dmo tor
p~t rn Ø1Odit1oadon of amortization of me aums secured by tb1ø Sarlty ID8trPm- granted by IADc1ct
to Borrower or 8D1 Sucçøor in In..,t of BottOwe%' shall not operate to rel!8Je the 1iabDi~ of B!1nvwor
or Ø1J.'f SUÇÇC Bom m JJ)u:teSt of Borrower. Lenðer eUll DOt be ~ to commence pn>ceed!J;1I5 ag~
~ SOcce$401' In Intc:resi of :Bonowet or to refuse to extend tmW for -payment or otberwiIe mOdil,)'
~ of the SUJII$ sec\U'eð. by this Security Instrument by m5QXL of my demand made by the orjabW
Borrower or any Successors In Int.cnðt of ISonowor. Any 1'omearanœ by I..endCr in aexc1SÙ1gøny right or
TeDJ.èð.Y iñoludû1g, without Umitatiou, Lt.nd£t', aocepr.ançc of p~t8 ftom. ~ persons, ~tltIOII or
Su.ccelIOD in Intemt of )3orrower or in amounts leIS than tht amount then duo, shall not be '- w~ of IX
pxec!ude the co:xero1sø of any ri¡b.t or Rimedy.
13. Joint and SoYeral UabUlty, Co-s:Igners; SUCCCSlOl'lll and Allip Bound. BouoWC'l' covenants
IJld a¡ICOII that BOr¡QWct'S obU¡ationa and 1iabJliw IhI11 be jobtt and several. However, any Boxxower woo
co-s1gD5 ~ Soç\Jlity ~t bUt does not execute tho Note (a "co-signetW): (a) 18 co..ø1¡n1D¡ tbIr
secanty Inauument 0Dly to mortpp, ¡rMt an(l CQnVf!'J !he co-slgner's intereSt in the p¡operty UlU1It the
tennI of thie Security InstrurnImt; (b) is not pmontllly oòJ,ipted to pay tho sums øecurec1 by thi8 Security
WU'IJIDIDt; and. (c) .BeI J:1tat Lender BD.d. any other Bo1tQ\'l~ can agxea to dtend, modÜ1, 1brbm or
1DIkt mt ~ with regard to mill teEmS of tb.J4 seourlty Inatrw'l1CØt or the Note without tho
co-signor'ø consent. .
S'ubJeét to the provi.ions of Section 18, any Successor In Intereøt of BonOWer . who U3\1Ø'$
:Bot1~wetþ. obligations UDder thll Securlty Inst1\I.meDt m Wtifi11g. 8ftd Is applOvec1 by Lender, shall obtain
all of Borrower'. n¡btl *U.d baWiu u13det this Scourlty Instrument. BoI1'ower .hlll DOt be xeleue4 froœ
Borrower's obU¡ations ø4 Ua1;lnity under thj.s Security buumct1t W110ss Louder apeII to I1Wh roleue in
wrltfD¡. nc coveaanta and. asrcemcmtl of tb1s Securit,Y Instr\JmtQt Ib.IU bi.v4 (etltoept as provided :in
Sect1ol120) and b=nefit the succe:sson and assigns of Lender.
14. toaD Charges. Lender may charie Boxrower fœ8 for servjeea petformcd In c:oDII.CCt!OD with
Borrower's defawt, for the p\U901ð of proteetb1g Lender's intereSt in (he Proportr 1Dd.IiPUI W14er tJ1iI
Scourlty Inøtrumcat. incl\1Òiq, 1;11,1t not limited. to, momcys' fees, propony lIJ8PoœIon and valuation feos. .
ÄD upn! to at1Y other fees, rhe abl6l1CO of express authority In this Security InstIumODt to ~8 a $pecific
fee 10 Bonower aha1l ncn be consuuec! as a 9tOhiÞition 041he charg .o¡ of such fee. Lcmder may Dot char¡ø
tee¡ that are expressly prohibited by this Security InItrlJmt:ut OX' by Appücable Law. . . .
It the LoID 11 subject to a law whioh sets maximum loan ch~, ~ that law i. finaDy mWpme4 '0
. fbat the inœre&t or other 10811 charges collected or to be collected m connection with tho Lom exceed tho
permitted limits, then: (a) any su.oh loan Char" .hall be ~cect by the ~t nee_ary to re4\1Ct; tb.~
chuge to tho permitted Ilm1ti and (b) any sums already coUcctod fNm Bonvwln' whid1 ~ pennttted
J!mhll will bel refund.ed to Bon'OWeJ:. l41df:r J1JAY QooS& to maIœ th]s retund by rcduoing tbe prinoipal
owed UIl.der the Note or by makin¡ a direCt payment to Bouow&r. If .& {8fund ¡sdUces ptincip~, tl\e
reduction will be ueated as 4 partial prepayment without any prepayment cbar¡~ (whethðt' or Dot I
prepQmeD\ charle i. provided foJ." uud~ !he NOte). ÐotrOwu'e acceptance of sny such .refund made by
<I.treœ p81JDent to Borrowor will constitute a wMivcr of any ri¡ht of action BolTOwer mi¡b.t bave amiD¡ out
of RlCh Q'V$rC.b.u¡e.
15. Notices, All nodcc:s given by Borrower or Lender in connection with rhis Security Instrument
D1\QIt be in writing; Any notice to lIonower m COXI.1leCûon with this Security X~ Sb..n be deemed to
have been given to Borrower when mailed by fusE class mail or when actUally de11veted to Bot.rQWer's
notice addms if sent by OIlIer mew. Notice to any oue J30nower shall çomdtl.1tO notice to all Bonvwœ
wJ.et$ App».c~le J.,aw .e.S'.ly ~e$ ot11erw.\$!. 'Jbt ood,ct a6dre$a maU Þe tI)t hopeny Md¡w.
umCIIS Bonowcr has dosi¡nated a BUbstiNtc notice address by notice to Lender, Bonower shall prompdy
notify LeDder ot tiorrowe¡'. change of address. If Lt:ø.dm' ,pteifitø ! proce4U1'8 for reporting Bozrower's
chanp of address, then Bo1tower shall only repon a chan¡o of add.reøs thro\1gh that speclfled p1'OC6duœ.
There 'ttJ&y ~ only one desig:aatc4 notice address uude:r tb.is Security !nsttwne:nt at m)y one .. AAy
notice to ~4e¡; ¡ball be ~~M \)y deUverin¡ it OX' by nW1;ns it ~y tint çlat.s mail to Lender's addrefiø
st&tcl;1 herom \WOIS 1Anø.tr hU dO$I_ed. 1ID0th.r addrcn by notiçe to Bor.rowor, AIry notice In
connection with this Security Imtr111M\'1t ,hall not be d.eemed to have: beta ,i'Ven co Lender \Inti! actually
rece1ved by Lender. If any notice required by this Security 1nstrument is also required UDder Applicable
Law, the! Applicable Law requiremmt will satisfy the COlTesponding requirement under this Security
1natl'Utnel1t,
l"kl'III~.
;' -'0,.)10 Form 3051 1/01
.U\WYI lOQQiI
PlOW 10", II
000694
16. GoverDIDg La1\1 ~erability; Rules of Col1JÙ'\1ct.1œ\. Thia ~urlty 1nstrumeJ1t ehaIl b",
govemcc1 by t'ecJerallaw and the law of the jUIisdictiOn in Whiob tho Proporty ill l00a~ed, ,AU rigb,tt and.
obUgadons contained in thi$ S!CU1'ity Instmmmlt are wbject to any teq\lircmðll.1S and lim1_DB ot
AppUcablo Law. App1icab1e LAw migh! explicitly or ïmpliCiUY allow the pørùes to a¡ree by oontraCt or it
ølßht be ai1em, but ÍIUCh .nonce 8b.aU not be coñmued u a prohibition ilØ a~t DY conttBCt. In
. 121e fVœat t1w my provision or clause of tlùI Seçurlty ~t or the NOC6 conflicts with Applicable
Law, DQÇb çoof]lçt 1l\1U J1qt affeçt otber provisions ot this ~ry Xntuument or tho Nott:! wbiéli' can be
given cffeI;t without the CODfli~ proVision.
^" used in tb1s Sec\1rity ~t: (1) words of tho JD,aSCUline ¡en~ sb£11 J11e8J1 and !nclude
coxreaponðh1¡ J1enter words or wordI of tho fðDÛ1Ûñe aE;!1der¡ (b) 'Words in the sIn¡ulllr &hen mean md
inCl'Øðe the 9luø1 and vice venai aDd (c) the wo~ "may" gives sole diaçret.loD withOlÄ IJtY otJ1igÞ.ùoJ.\ to
take my aotion.
11.~' Copy. Borrower shall be ¡iveD one copy of the Note and oftbis Secur1ty lJIøtIUInant.
18. TraDsrer of the Propa1y or _ Øeøefit:i8J Interest in Borrower. As \11111 in thiS Secd.oXl. 18.
. '''1nterest hi the Property" ~ any legal or benoficlallDtcmlt in the ~. h\cl.udiÐt. bur. not lfmi1:ed
to, Iho&e b=o1tc1a1InWJWUI trmsfen-ed in . bond to: deed, COD11'act for deed, Instlllmol1t ,ø¡e.tI COJ)rttct o(
eBQfOW ~t, the il1tcP.t otw1W;h is the tranSfer of title by Bonowet at a future da.te to a purchaser.
It all or my pin of tJ1C1 PropMY or any Jnl;cmt iD tbe Property is .ol~ or: b1œt1bmd (07: j :aonowe.t
, U not a IWUlIl person and a beneficial intcreat ÌJ1 ;ao;r:tOwet is solc1 or trøD!lfemd) withOl.rt I..CIØder'e prior
written CODHD.t, Lender may r£quire immediate paymønt in full of all nms "Me<l 1;Iy tbJ$ $~ty
~t. However, this opUon shall not be cwcišcd by Lender if suc:b oxerdllO iB prohibited. by
Applicable Law. .,' ..' ' .
If Lfc4er 8ÄWICS this option, lender shall ¡Ive Bonower notiCe of ~st1on. The notice ¡¡bB11
proVide a 'DCrlod of not less tban 30 days from the date the notice is ~ ar;oorðanCO with SeotiOIl 1;
within which Borrower must: ~ aU ,t\1D1$ cecwed by thi¡ Security . If Bo1TOWC1' falls to p~
then I\ImI prior to tbl!l ~it8dOJ1 of this period. Lender may Invoke any remediee pe.nnltted by this
Security ~ wlthO\1t fy¡ther I!.orice Ot demand on Borrower.
1'. D~I IJ¡bt to B.ÛItate After ACCe1vaUOD. If Borrower meetl cenaiD *d1tiODl,
Borrower ahalJ havo the rl¡b; tQ bA'Ve e:nfo~ of I1üI Scourlty IJJ.I~ dlsçollœH4 at any dIDo
prior to tbt earlil:st of: (a) five days before salo of the Propcny pumtlDt to 81Ja ~wer of u~e CQn.~ i:Q
this Security 1n8U1Ul8lt~ (0) such other period IS Applicable LAw ml¡bt øpedty for tho cennlDation of
DottQwet'. ri¡ht ro re!Dstate: or (c) entry of a jucJ¡meñt eB1förciQ¡ this $ecutiry IJul1'UJMdt. nose
cønditiolli $r6 that BoItOwet: (a) pays I..ender 811 sums which then would be due under thiI Security
1nauoma1t end the Noto II if DO aô¢ë1mt,ion ha6 occuned; (b) cuteS uy default of uy omer aoVCll8Dt8 or
..~tt: (0) PIIY' an t:Xp1':l1S& inoutrtd in enforcing this Sccurlty Inøu1unm~, includln¡, but not limlWd
w, reascmable attomeys' feel, ?r~ inapectiOXl. aDd valuation fees. and other fees moun:ed fot the
pYIpOR of ¡nO~ ~et'$ í:dteteSt in the Property and right! under this SecuritY IDst1'UmeJ1t: and (d)
takes INch aot1oD 18 Lcmd.er 'DJAY ftMo~ly require to USUte that Lender'. interDSt in Ù1C Property and
rigbta unde.r thi$ Security mstnlØ1Cm, and So:rower's obll¡adon to pay tho sums liecureà 'by this SecLuity
InIt1'\1II1ODt,.hall continUe unchanged. Lc/;1dCr rœy require thai: Borrowor pay auœ r~t ;\UDI and.
expenses in one or morc of the followfn¡ forms, 18 50lectad by UDder: (a) cuh: (b) J1Jf1rJþy order; (0)
certified cheCJC, bank check, treasurer's o1ieek or aBShier's cl1eck, provided any such c:J1cc1c is drawn upon
an institution whose depo$j.1$ Me ~ bY.& fedtra1 ASüCY. ~tY or c:o.tity: or (4) Blectt01ÙC
:Pundt ~ftr. U~0'4 i:eû1ltatemeJ1t by Bo~wer. this Security Instrummt and obli¡atl.oDl secured hereby
shall remaiD fully effectivo 18 if no acce1EntioD lWl 0C¢Wrtd. H(JWèV'Øf, mi, ¡i¡ht to :remttaW I1Wl Dot
apply in tho cue of acceleration under SecÙ01118,
20. Sa1e o! Note; Change of LOaD SWvicer; Notice of Grievance. The Note or a pardallntereSt In
the Note (to¡ether with tbi. Stc\lrlty In$tt\Im~t) ~ be sold O ),Q or )10~8 ÜDW Withonr. prior QOtice to
Borrower. A aale might ICBUlt In a cbanlo in the cmtby (known as tho "Loan. Servlçor") that c;oUec¡ti
Periodic P~t8 duO' wQor the Noto and this Security In$tnJment and peñOxml other moxtae¡o loan
øervlclng obligations under \ho Note, 11118 Sccurl.W Instr\1DIeIlt, and AppUcàble Law. There also mI¡ht be
one or more c.b.an¡eI of the Loan Servioer unrelated to a sale of me Note. 1! thtte is a change of the Loan
Servicer, Borrower win be ¡tven written notice of the cbm.¡e which will state the name and addresl of the
new LoaD Serviœr, the aclc.1reae to whi¢b payments &how~ bô mad6 tI:1d my othêr information RESPA
~.Ð(wy} (000&)
. "'110111
IMIII.' ¡)f/\-. j ~
~ Form 30i1 1/01
OOOß95
requires in IXIm1I'Ction with a noticet of U'awsfea' of aerviCing· If the Note is sold aDd thcrcatter the Loan is
5CrVIçed. by a Loan Service othw tbIIn the pwebas~ of the NotC. the mort¡a¡o loan servicin¡ obUga.tlona
to EIottowe¡ will ~ with ~ Loan Serviccr or be ulID&fcrrcd to a SUWCCS801' Loan SOIV1Q« and III not
IIS8UIDCd by the Note purChutlr un1éa8 otherwise provided by the: Note ~er.
Ne1the:r BolrOwe.r nor I..cmdor may commence, Join, or be joined to $J).Y jUdfCia:1 actiDQ (88 dtbÞ: an
individual lttl¡ant or the mombor of 1\ clUI) ~t wet úom. tbe other pItt3'·s acnozu pUf$ua:Dt to thi$
:Security J:ø.s1XUßlœt (It that alleges that tl!.c other patty hIlS breaohcd aøy provisiOD of', 01' any duty owed by
reasod of. this Secutity WttUð\eAt, W1d1suc11 Borrower Of Lender has not1:fted the other PartY (with such
DQtiQt ¡ivon in campliaco wi~ tÀ8 ~~t$ ot $ecúQI1 1S) of ,uab a11esed b~ 811d afforded the
OrMt PattY htntO a xtaSonable period aftet the giving ot such nOtice to [like correcdve acrJon. If
A.pplicable t..w p¡ovide$ a Uto.e )/tti04 which ØX$t elapse before oerra1n aotlon 01111 be talœnt tb81 time
period will be c1ee,med. to be reasonable for pmposcs of this paragraph. The notice of acce1erat.Ion aDd
oppommity to CUte given to Borrower pursuant to Section 22 and. the notice of aooolaradon glvCll to
BOIIOwcr pursuant to Section 18 øha1l be d.eemed to satisfy the notice and opportUDity to take corrective
$ttiOA Jl1:OVÍ8iœae of mil ScciiOD 20.
21. Ha2ardons Snbatances. As used in·th1a Secrlon 21: (a) "Hazardow ~. aœ tho$I
substanCeS c1ofb1ed as tox1o or buardoua suÞII~ances, pollutants, or W8Btes b)' BnviroDmcmtå1 Law IIt1d the
following SU~~ gaso1h1.e. kero.fmt. OtbtT 'flao:ø:uaòle OJ: tOJÛC pel¡OleI,ItQ plOdlJCti. toxic pœt1ddc5
BD.d her'blc1des, volatile solvents. materlsla conWning Illbest08 Ot tormaidebydð. and tadioacrivt øte.dals;
(b) Winylronmen~1Il Law" meaD8 1WmllawlI an~ IIWII of 1hD jw1øcUctlon wheto the Property Js 10œted tbat
xaJ!œ to bea¡th. .afety or envirol:l.lMDtil prOtectiOn; (c) "Environmmtal Cleanup" Includes ;my respoDSe
actlota, temedial action. Qr removal action, sa defined Ù1 :Enviroø.œ=W Law; and. (do) 1t.Q. ~BDviroDmDJltal
Conl1iticm" mea11S a conc1ltion that oan OBUse, contriÞuœ 10. oi o1heL"wise u1!8tt 811 &Vj¡OmDÞntll
CJ.~.
Borrower &haIl 1101 cauet or pennit·tht plÜeñCt. \i$/!:. ~O'~. $toX',¡e. or ~eM~ of any Hazardous
Substaneos, 01' threat. to releasoany Hazardous Substanccs, on at in the Propexty. Bonower 5hIIll not do,
nor allow an)'OJl.$ e1.e to clo. þ~¡ ~f4ctiD¡ the Property (a) that Is In violation of any EDvJronmentø1
Law. (b) whIch crcatðS 8n Sn'Yiro~ta1 Cond.itiOl1. or (c) whiCh. c;1~e to the pre,ø.co, 1:1110, or release of a
HuardO~ Subltance, CIea1es a condition 1hat adversely affects the value of the Property. The preceding
two Sœ.teØ:N shaD not a~1i'ly to the ~resenco, UIO. or It0l"&$e on 111, Properly of small quantities of
Hazrm1aus SubSW10CS that are gcncra11y rccognim1 ro be app¡op:riate to I10mW lO5identia1 \IICS and 10
malntenanco of the PrDPerIY (including but 210t limited to, hwtdOUf S'Ilbatances jp. coøsumer products).
BoITOwor shall promptly givo Lender written notice of (a) any 1uvestigatiQl1, c1aim, ~. lawBVit
"or other a¢tion by my .ov«tm1leIltal or re¡WatoIj' a¡BIlcy 01' private party involving the Ptoperr.y and eny
Hazardous $nt'letanC8 or I1AVirOXl.\nØnt$! Law of which Borrower has actUal knowledge, (b) any
EnvUQnmwa1 Condition. hlc1. but not limited to, illY spilUn¡, leaking, disabargc, œlcaao ot: tbtea~ of
reJ.easø of any Hazardous SUbSW1Ce, and (0) any condition caused by the- prescrnce, uso or release of a
Hazardous SUbs~Jmœ which adverso1y affects the value of the ~. If Do¡;rOwOr 16am!, or 15 nodftod
t1y aIJ.y 8QVemmental or re¡u1atoO' authority, or any private party t that any removal or otlw xemediatioD
of uy Hazard.oWl Sub~w:e affectln¡ the Property is necesAary, .Borrower shall p~ talCe aU n6ces8aI1
remedial ac1Ï0J)$ b\ acco~~e wiUl. SJ;¡,viromnenta! Law. Nothin¡ hmJn .hall creatc 8I1Y o~i8a~o¡r. QU
Lcmdet for an Envtro~tal Cleanup.
4G\-4!IIWYIIOOO'1
"'1211118
~I.. £ìL~ 1\
~ÐI. FDrm3D151 1/01
Ö00696
NON-UNIFORM COVENANTS. Borrowct and Lender further covenant and agmo as follows:
2Z. Accdcr..t.!.ou; :R.emediell. LeDdtr ihIll¡h'o DoUce to :Sorrower prior to acce1I11'1t10xp' foDoWiDa
Borrower's breach of III)' c:ovClØØt or a¡remnmt III thfs Secmrlq IDstrUme.nt (but Dot prior to
.ealeradon =d* ~@ 18 UDlea AppUc:able Law prOl1des otherwise). The DoUce shaD øpedfY; (a)
the dellNlt¡ (b) the adiOD nqulreð to c::ure the detuult, (c) I datè, not less then 30 day. from the date
the DOtk:e is aiVen to BOlTOwer. by wldc:h the de1'au1t knWlt be cored; and (d) that fø.Uure to cure the
default Oil. or before th6 dMe .pèðAed hi the not1c8 may result In ac.ct.\~ of tbe sums secured by
tbiø Seeurlty JDstrumaat and 8a1e of the r.-opert.y. The notice shan fUrther inform BomWfRi of tbt:
rJPt to ninltate after acœIøratloD and the rlIht to brlna a eourt action to assert tbe I1OD-eDtœœ of
. clefauJ.t OX' 8DJ' ok cW~ of Borrower to acceleration and we. If tbé deFault W110t eured·on or
before the date rpedt1ed In the notice. Lender at ita opdoø may requlro lomaeIUat. p.~t in ton 01
all WDIIICCured b1 tbIr SecuritY Instrument without furtber demand amd ma11nT,*- tlJ,e }'lOWea' of
salt and 8D1 other rcmedlea permlttecl by Applie&blê Law. LØDder' øbB1l be eutltled to collect all
apw8$ 1n¡:urred in p1ll'SUiDg the remed1Is pro~ded In tblI $ect10) . 22, iDclumn,1 but Dot Um1ted to.
reøsonablc attorneys' fees cd c:oets Or title øridenÐe.
xr ï.eDdør iI1\'okes the power of we, LtI1der 8hall pw DotIcé of løtwt to tœ<edoø to Borrower
aDd tQ t)e pceon In posaøsIOn or tbel'ropei'ty, if dfttenøt, In aœordauco with APpUcable IA\!.
Leader lbaD &lTe notite or the sale to Bonowl\" -m the maDDer provided 1D SectIon 15. Lender Ihall
publisb the notice or Bale, cd tbe Propexty 8bal1 be Sold in the maDDer prescribed by Applicable
Law. Lender or Ita dcsipec.may pvrchue U.II :PrOperty at o.y .ale. The proceec1s of the slIle shaD lie
appUed In the tonowlD¡ orderr <a) 'to all exp«uMS Or tbè salè, mdudin.. but Dot limited to,
reuouble &UOJ'D.87II t..~ (b) to aU I\1DIIIICCUI'Od by tbb Seçudty~; and (c) any ... to
the periOD 01." penoDIleplly entitled Co it. .
23. 1lc1.cue. Upon paymont of III tu:II1$ .~eð by this Secnrlty JnQftUJ]1Cl1I. Lender shall release tbù
Scçurity msr:umem. Borrower shall pay any recordadOJ1 oostB. Lclndœ' may <:bar¡6 IIo¡r(lw~ a fè6 for
releaaiJ1g thiJ Secutiry Insttw:n8nt. but only if the fee is pald co a tbJrd party for servtces rendered and ~e
cbII'JÛ1J of the fee is,.,mtœd under Applicable Law. .
24. WaJvm, Boxrower reletasel ¡and waives ,]) rlpts under au.4 by vútùe 01 the hOme$tead
exemption laWI of Wyomin;.
o..eIWYI (QOOIiI
flitS' ':t ,f I'
IniII... /J{. '1tt
~ Parm 3011 1/01
000697
BY SXGNING BELOW, BOIIOwer accopts and ¡¡rees to the tomI5 and rovenan15 oon~amed. h1 this
5ee\llÏty InBtl1.1D1Cmt and in my Rider executed by BortoWef t%l.d teooidel1 with if.
Wimesses:
-'IJIWYIIOOD5I
(Seal)
-BOJfoWtt
(Sell1)
-BarrDwer
(Seal)
·Bon-ower
(Seal)
·Iomrf¡ðt
~~~~
·BQrrower
(Seal)
-BOttOW6r
(Sea!)
-BOJ1'Owl1'
(Seal)
·Bon;OWOf
r l 11"OPII
Perm ~OB1 "01
L\~";'t~ , ..\
STATE OF WYOMING. ~ County a:
the toIe,coiD¡ inltNIDeI\.1 was acknowlc:<!ged ~o¡;e me t1WI II~ ~ çç ~ ¡ ~
by JOSHIIA J :mm:LL ~D--l.&=-:;'~Qþ. '~Iµ "µ"I~ ~~
¡
000698
MY commission Expires:
~~ Iq~¿aD
~¿w>,~
N Public
~\\\\ \\ \ 1III II1IIII/,
~'\.;.'1,y.. ER ¡ill. í'/~
~ ~( ...-.....,~ ~ ~
~ /t\Ot#f....' 0 ~
:::: ( -9·o")~
ê ø '~~.L\ ';WI> ª
::;-I~ ~ ~f/J=
'S "J7!' \;ð ..... ::
"::', .;. ~...l/tJl.. . ~
? ;$'....... '0.. r..... ~
~ . Q .......... ~....,. ~
~¡; 'þ (l¡¡yO'\~\ ~ø'
'1111111/1 Jill \\ \\ \\\\~
.. -tlJocWY IOOOSI
~'lqI"
~
F~rm 30;1 '1/01
000699
TAX-EXEMPT FINANCING RIDER
I-~:" .
THIS TAX-BDMPI' PINANCING RIDER is made !hisum day of J.uJO'A1t!t' .
:a008 I and is mcœporatec1 into and shall be deemed to an)CDd and 8\lPPlcmcni tho Mortgagc,
Dcea of TIu3t or 5eçurtty Deed ("Sccurlty matrl1n7tint") of the eamo dato given by the unc1=i&ned
("Borrower") to secure Borrower', Note (WNote") tonLLS 1I'ARGO BAmt, .. .A.
("LeuderR) of the same dare.w1 covering the Property c1e5crtbed in the Security Wr.tU111f:At 8I).d lO¢atecl at:
611 B1ØQ.t¡þ S~UJrl', lUIIŒSltD, WY 8310:1.
~MWonJ
ADDMONAL COVJ!iNANIS, In addlt.lon to the COVIIW),t¡ anø &¡rOCmOl1tB mado In f.hc Sca\1xitY
~, BolTOwer and Lender fùnher covenant md a¡xæ to amend Para¡raph 5) 01 the SecuritY
IllStrament, entitled "GroW1d& for AcceJ.eration of Debt, II by adding additioJ181 groUDdr tor .acceleration u
fø11ows:
1Andtr. or such of Its successors or sssig1l6 as tlJAy Þy itp8Ute iDstMDlmt assume respo:as1biIiry
for assurin¡ compliance by the Bor.rower with the provisions of this Tax-Bxcm,pt·:P~
Rider, ma;y requite immediate p_ymõD; in full of all sums secured by this Security InIb'UmeDt if:
(a) All or part of the Property is sold or otherwise ttansfm:ed by Borrower to a
purcl:lqer OJ; OthClI' å'ansfino:
(i) Who cannot reasonably be I!:xp8att4 EO ocçupy the Proporty u &
principal reBidence within a reasonable time after the sale or transfer, a11 &$
provided in Sectioñ 143(c) and (1)(2) of the Intema1 Revenuc Code; or
(ii) Who has hac1 a present owdetShip hueteet œ a principii resl<kœço
durlD¡ any part of the t11rcÞOyear period emtiD¡ on tho date of the sale or
uwfet, All ~ provided in Section 143(d) and (i)(2) or the Inte:l1J.al
}tevonue Code (except thai: "100 p~«utP ,hall bCl 8ubstitutad for 1'95
percent or mote" wh~ the latter appears in Section 143(d)(1»; or
FHA M~te Tax-Exempt I11wIcm: IUdor -10/95
'1.211510916
~1iI87U (e70t'i) ~Il {l.
P,ge 1 of.2 Inl.IIIII,. ~
VMP MORTGAGE FOFlMS - (800) 21-7291
I 1111111 11M III 111111 Iflr 1I1/11I1
I
/
000700
(ül) At an~ait1on cost which is greeter tb~ 90 pllXCl't11: of the
avm¡e am e p:r1co ~tcr than 110 pctœDt for tatS- area
reaidoncea). 1 IS provIded fri Scctlon 143(c) 84d (1)(2) of the 1nteØ1
Revenue Code; or
(iv) ~ bu a ¡ran family income In excess of the appUcab1e ~
f~ iucome II provided In Section 143(1) III1d (1)(2) ot the Intema1
B.evOD\JO Codo¡ or
(b) BonuwClr fails to o~py tho Property ~ò~ j;O. ~. ~rUy IDstrvmont
without prior wrluca co.aHAt of U;o.dø¡ or Itll IM1OC88Ors or 11118t¡na deac:tl.bec1 at the
beJ1nDiD. ottbla Tu-Bxompt FiDanotng ,Ric1et. or
(c) Borrower omits or mi~ents a fact that !B mater1ø1 witb UJ$pect to the
provisions of Secdcm 143 of the Inttrnalllevenuo Code in.an applicatlon for tho loan
iecured. by thI8 SlCIUiry ~t.
ht'erences arc to thð L1tt.tnal bl/8ðUS Coð.e JUllIDlWIded and in etteat on the date of bsua:nœ of
bonÔ8. the proceeds ot which will be U$£ð to fio.mce we purchase ot we Security Inøuumcmt and
IrtI deemed to Include tho implementing reguJariOns.
BY SIGNING BBLOW, BorroWI1' accepts and ~ to fb" *œ.5 md CQven.an1S con in this
Tax..Sxempt FinanciD¡. Rider.
(Seal)
LL -:eOZfOWIl'
~(Ù,jdA1 ~µ;~_)
·BormWCf
(Seal)
-Dorrowll'
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
oIJOI1'OWtII'
(50&1)
~:SOrrower
(Seal)
-Donower
_ISB7U (87081
".g, 2 Qf 2