HomeMy WebLinkAbout938410
,,"
R.' 42f,Jo
GMAC,.Mortgage., 1.LC
7Carnegi,e-Pla.za<,Cherry Hin.,
NJ'08003
When recorded return to:
First American Title Insurance
Equity Loan Services
1100 Superior Avenue, Suite 200
Cleveland, Ohio 44114
ATTN: NSS TEAM
RECEIVED 4/21/2008 at 3:25 PM
RECEIVING # 938410
BOOK: 692 PAGE: 457
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
û00457
Prepared ,By:
Matthew ßarlOW..... !+ÔDVE 4 J)O~q,
'-r.,.'~ AboveTbisùneFor,Rec~rdingDåtaJ
3110 tJ1 30034300
53~7D 5"1
MOR.TGAßE
" 'MIN 10U.03750681-058J.817
(/1
¡
DEFINITIONS
Words used in niültiple sections ()fthis documeritare defined below md öiliêr words atedefined,Jn
Se¢tions',3,'11, 13'1 18,<20 and 21. ,CertåÜ1 ,rulesregardùìg the,usageofwordsuScdfutbisdocUïnênt·,are
alsctprovlded,in$ection 16; .,'
(A) !1$ec1U'ity IDstnU~l(~µtUmeansthIs d()cument. wþicb j~"~ted04¡Oq1200~
together wíthall,n.il;1ers.:tòthis,document. ", ," ,. ,', ' ", ," , ,'" " "
(B) IIBorro",er~'::îs"M;Qhae:J Ray$anchez. REVOCABLE TRUST,[)ATED NOVEMBER 23.
'·Z004.MICHAEt RAY SANCHEZ TRUSTEE
1111111111111111111111 SANCHEZ
14563602 WY
FIRST AMERICAN ELS
MORTGAGE
1111111111111111111111111111111111111111111111111
ÐorroWêris,'ilic,moI1gagpt.'],lIlder,thi¡¡.Secµrlty W$tn:tmepl;
(Ç)IIMERS" 1S MöitgageElectr0nic Registration ,Systems, Inc. MER$isasêpa.rate ,corporatioll..that is
acting solely as anomUÍee,fOr,Lénderá11dLêndë1'~ssuécessoràáiJ.dàssigIiS~ MERSis'themortgägee
'under ,tþî~ ,SetQ,ti~InstruïIlent.,MERSjs<organized and,existing 'unc1~i,'.tbe,lawsof.D.elawaref'andh¡ci.áiJ.
,addres~,andielep4one.nun)b~r.,Øf.P~O., ,BQ.~2Ö26.,.,Flìnt. Ml"48501~202ØJ"tel.",(88g)679~MERS;.
vv.YQMII'\JG~SingJeF!lmìlY·Fànnl!ÌMà.,'Fre(j\';lilt Mac UNIF0R,IVI IN,~TRUMENTWITt,iMr:.Ft$ .
at --6.o.{WVHØoo51:02
Pä ~ 1 of15I"'tiøJ~: ,1{.Irs .
Form3Q511}()1
\lMP·l'iIon.g~IL,solutjoö$;ínë.
IIIUII~~
., ,'- .... ',' ",' .. .' .
(D) "Len4iet" is GMAC,MQr1;.gage... LtC
LeriderisaResident1al ·Mortgage Lendêr
..orgåniZed'ândexistiliglinderthe,lawsorDelaware
r:.en4ei'$a,ddìes~is 7 Cªrnegi¡ø P'aza,CherrY'HiTl,NJ DaOGa
(E) "Note.!'·~$e;pr()misSQIY,note:sìgned.h}'aQ~\Veranddated.G4/D612G06·
The,;Nòte $ta1es that ,Borrower owes Lender One HlmdredNi nety One Tbousand Eight
Hundred Dollars
(\],S" $191, 800.00 ) plus intereSt. BortOwèrhas promìsédtópaythisdebt.inregularPenodic
PaynìentsØD.dtopaytbe,dèbfin fulLnotlaterthatlMay I, 2023, .
(F) "hopèI1r" ~ïvthepropertythat 'is described belowulldertheheading "Traµsfetof R~gb,ts in the
Property."
,(.~). "'Loan'" næans'*~: debtevidetJ.ced.py·the··Note,;· pllL'!:!nterf;St,anY' p~paymentcharg~' andJatç,chargcs
,due,underthe ,ij()tc" :anclalLsums,dueUIJ.Cl~;this ·SecurityInstroInent,plU$mterest.
(H)'''Riders'' ~saU Riders' tóthis:SecurityInstrument .::that are, executed by Bortower.TbeJollowing
.Riders.arcto be executed by Bonowetlchetkbo¡¡',a$.appUcäblêj=
000458
o AdjlL'!M.ble Ratc Rider 0 . Condomìnium'Rìder OSeCorid HÒll1eRider
O. .B....al.. ..1.ÒO...·....n.. Rider B··p~ann.·....ed... U....·h...itD.·.e.v.e..Jo. ~men.. lRider 0.1. 4..,.Famil. ·Y.R.ì~r
o VARìdër . BIweekly pªYj11etltRìder OOthe~s) [SpecIfý]
ro ".A:pp1i~' jleLaW" means all controlling applî~ble federal, state and localat3tutcsfreguladons,
,ordinanc.es·.aI1d~s!rative>!'Ulesand'ordeIS_(that.llaYe' tþeeffectof.la,\\,) as well. ·asal1.appJica1ilefìIµq,
non,"app~á6leJudiéiål·oPinions.
(.J)t'ComD),tmitý.Ass9clatiOlf)ues,FêeS; .andAssessmentsumeans a11gueS~ fees,asseSsµænts and otl1er
charges that are imposed on Borrowerot ,the: Propertybya oondotriiiûum assöciatioll; :homeowneis
ass9ciation, 9r~hriilarQrgf1nization~ .
(K)1I~1~9niçFpµdsTraIJSfe):'1I ,meansapy. transfer of JunÇls, other than..a· traIl$acd()n :originate4by
cheëk.d~aft.or 'si1))Uarpaper' instnunent.. which .is . initiated th1"ou,ghan e1çctronÌc·terminal, ..telç¡>honic
instI'Ufi'ient,coi1Iputer; or magnètic tape so as toordêr,instmct; orautl1orize.a. finanèial.inStitution 10 debit
or credit an~1.1nt.Such terin.includes; butjs, not lin1itedto, point'tÒf"sale transfërs,3utomàted:teller
.macI:ûne U"anSac:tions. transfçrs initiated QY tcl~);¡.one.Wire: tr~fers, a,ndauton:¡,at.edc~earingho~
transfers. .
(1.;) "Escrow ~teIt1S" meansthosc it~.that are d~çríbedin Section 3 ~
<M>.. "l\fi~ceUalÌeo~PrOç~11 means~Y. cQn1pensation, s~tPc.m~t,..a\Vard¡Qfdamagf$.,orproceedspaid
by an.y tl1i¡dparty (other than insuranceptoceed.spaid under tlle coverages ,described in Sectíon5)for:(i)
damage tÒ,oìdestruëtìonof, the. Property; (ü}condêÏIÌtíationorothertakfug of'àllorany paft/ofthe
Propèrty;(iii)co.n~eyance.ín .lieuofcQndemnation; or (iv) misre¡.>resentations.bf..orol;11issionsas to, the
ya.tueiU1d/Qr'Ç9nd~~on.ofilie Pi"operty. .
(N)UMortg~g~~~rqcelf meansinslll'~·prgtectil1gLendcragainsJthe'nonpaymep.LQf; or default Qn.
thcLoäfi;
(Q)f!Peti()d,k.r~ymen.tn meansthetegµ1atl)'SCheduledarnount ducCor (i)prinçip¡¡l ¡µ;¡d·interestunder the
Note.j)1us'(ii)any amo1Ü1ts under' Section 3 'of this SecuritýTnstrument.
(P) "RESPA!'fueansthçReä}' EState Settlement Pxpcedurcs.Act(12RS.C Sectiotl'260letse<¡,}ancllts
implementingtegul¡¡.tion, Regµlation X (24C.F/R. Par(3500), 'as they might be amended fromtin1e, to
time.. or anyadditionalors~ccessorlegislatio!l.or regµlationthatgQvÇt11S the.síU11esubjec(n:¡,atter. As used
in thìsSecurity 1nstrt,µnefit. . "RESPA "n~fcrsto alLreq,uirementsandrestJJjcµoµsthatare;þnpos~din r~gm-4
to a "fedcrallyrelated tnòrtgage loan~',eveli if the Löandoesnotqualify~as,a nfedetally relatedmortg¡rgë
loan" under'RESPA.. . .
."-6A(WYllOOO5);02
(9
If¡¡tJå~It,(S
Forrn' 3051 110.1
Pege20f .16
Ü00459
(Q), Suc~rinInterestorBorrower,r meát1S any party 'that ,has takën, title to the Pt()perty,. whether' at
, notithât:,pmÿ:hâSaSSUí'nedBÒirowet'.sobligà.îiOnSUÏldêr the Noteand/örthis Sècù.rity Instro1Iîènt;
·nAN$~.Qr~QHTSINTßBPROPERTY"
'nµ~;S~ty:lI1stoµl1eJlH~resta..Lender:.. (i)' .tij~..rqlaymeQtofthe,Loan...a,nd"all. renewals, exteµsiODSaIld.
µ:¡Q(liµçatioIl~af U1e~ote;an!f. (ii)U1~perf()nnan.~ ofBI)x;rower'SCQv~lUUltsand agreemet!ts UIldt;r
. thissecuno/,{n$U'IlWent~dtht,Note.Fotthispurpose. BortQwèrdoesbereby,@rtgag~gtantaIldèQnYeY
to MER&,(solely as t1ö1í1fueeJór Let1derand Lettder)sS'UC¢essors:and.~$igÍ1~) æd.to'the.successors
aíldassigns;ofMERS. withpoweÍ;of sale, the followiriît dt5cribed property located
ìntheCounty ofLi ncoln.
[Type QfRecordi.ngluri$dtctionJ [Name ofR~CQltlin.w Jurisdiction]
seeattaëhedLlegal discritpion
"-""I \ ~1 O. qþ 003+ 3m
ParcêfID NumQçr::::; t ?
2810Crow,Cr~ek'Road
Fairvìew . '.
("Pxo~Ad~res¡¡"):
[Òty].WŸQmiQg83,l19
wl11cb..cUI'rcQdY:, has, the addrel¡s ·.of
[$Jr~
[~ tlç( ( j!]
TOGETHER ~THall the impro'lementsnowor~hereaftererectedon. thépröperty.and'B11
easeznents~iapPutteIì@~ $ldfixtures,'noworhereafœr ápart öfthè propetty. Allrepla.cements ând
~dditioµssÞrùlalso l)eÇ{)v~redbythis SecuriWIn$trUment. AltofU1e fo:regoingis'x:efetted 'ÍoihÚJls
$~ty .·~tru11).<mt:JiSthe.. "'Pí"öperty.,"Ik) :rqwe,r'µnde~taµds@liagr~tþ.atl'4ER$holds:Qn1y legal title
to tI1eÍD,te~tsgt'llp,t,c4b,y. ~()rro\Ver inmisS~çurityÌnstrument.but. .ifn~sary to C9~plywithlavr ÇT
cllStom, -MER.S (as1.1omineeJo.tLend~r:anq. Lèn<ter' sSUçc~o1'SaIld.assigns}l1asØ1eright:to çxerciseanY
01"' all-of thosemtete$tS,including.butn()tlb:nited JQ,theright tp f01"ec1ose:ljJld sell:thePropertY;,:ändi()
take:anŸ'aCtionrequitedof Leiider'Ì1icll1dirig;but not limited to, rcleasin~'an,dca1lcelingthisSecutity
InstrUmënti· . .......,
BORROWER COVENANTStfiat.Bötroweris lawfully seise<i öftfieëstafe,hereþyconveYed and has
the tight to.mortg{lge¡,grantand· convey ihePtopertyand 'that'the'Ptopertyisunelléumbérèd.. eXcept for
eIlCJ.ttí}branœs'of':rècQrd. Borrower wan-ants. and 'will:defend ~enerally the title to the PrQpertyagmtall
claíJ:nsiaIl<l{l~>sµbJeÇ1:to.¡øyenc).lIi;íbtan(;esoft~rd.·· .
THIS··..sECURITY .INS'TRUMENTieombinësUnifonn covenaIlf,s.for'.natioIlálu$c and,non~unifQnn
còvet1antsWithlimite<i variations .·by.jurisdiction':to( Cùi1stinMa unifonnsecurityinStfutnentCov~grëaI
PtØpe!o/.
.,-6.ACWŸ) '(0005.1,02
".~.
P~3oft5
l.niiilÏ/S.: ¡I(~
Form3051 1101
UN............ .. 1F.o...·..~. M. ·........C. O.....y.·.... E. N.... ANT...·. ............ .~....,....BO...IF.....O.Wçr....... and. ...... Len." .. ...de. r...........oo....... ...v.en.an......l. '·.an. ..... .4.'. ag. re. e...:øs. J¡. a.How.. ,~: .. ........ .... \..-....10.. ~. 4 ø::. n.. ."
.l..Pay¡p.ent of < Ptþ1Clp~"Int~est, . Escrow Ite¡µs, ~pay¡neI:lt,Cbar;ges. andLa1é 1Z~~
Borrowersha11 pay when due'the prinCìpalof;andinterèSt on...tbedeQt"evide,t1ced1>ytheNote'ancl,~
prep~ymentcharge!f.\Uld latectiarges.due Û11dct the Note.BorrowershallalsopayfundsfQr&crowJtems
'pµr~Uai1tto Section 3.. ;Paymentsd,µe,u,t1derJbe:Note!it1<ithis.,$¢Curity,InstruIIlent. sIiaíl be"~defu U,S~
·cµITf;:nçy. :a:oweyer,ifanyçqeck,orother~s.trument.rec~iÿed bYLencl~~:pa~nt undørthe,Noteor,this
S(.\CUtÍty'hØtrµmentis~u.Jrned·t9.Lenderunpaid, I..en4erlIUlyreq~,thatanyor'all subsequent payments
dueundet the .Noteand,·tbis Security Instr1Jmerit'be'nmde Ìi1 one. or. more or the· fÒ1l0wingfonns' as
selected by Lendèr: (a.) cash; (b) mon~y order; (c) Cerûfiedclíectç,'baí1k cheêkttieäs1irer's'.clíeèk:o or
cashier's check, provided any such cheCk is,draw!l<uponan institution whose'depösits are: insured by a
federalagencY.ÍDSttu,mentality, orentìty;:or(d)' Electro~icFunds Tr~fer~ ..
PaYIœt1tsaœd~¡nedreceivec:lbYLenckrwhen r<:.Çeivedat. thçJ~tion desi~ed in. the Note or at
suchotherlocation. as;maybêdesignateðbyLênâer in accordance . with1b.enoti(;ep:i:ovisions,inSectiOg; 15.
L¢ndermay 'retutnanypaymentorpartiäl payment iftbepayxnentorpartia1paytnems are.insufficient to
bring tbe1..Qàfi·current .lez!der~yaccept any'þayr,nent .or partial, paýinent 'insufficient, tobringtbe . Loan
current. without waive,rof~yrightshereun.derºrprejudice· t!J its ,rights to refuse ,suct!payµtent.orpartia1
paym!mt8iu'thefutUre\.but1..ender isn9tobHgate<lJoapply such,..paymentsat tbe tinle such paymcqts are
aCCepted. If:eaChPeriodicPaymentisappHed.as of its scheduled due dåte,thenLenderneednotpay
.intereston,unapptiedfunds. Lender may hold': such ünapplied fundSuntiLBorrowert11àkes payment to bring
.tb,e Loan current If&rrowerdoesnotd.o'sowithiµ a reasonable p¢l'iod oftW1(}. LePdet"'shalleither.apply
suclifunds Or rel.\1rD;them.tOBorroweL If nOLapp~iepeaI'lier .ßuchfunds'Yiltb.capplied JQthe outstandfug
principal bälânce. under th~Note iri1mediate1yprior to foreclosure.. No offset or Glaìm Which Borrower
might have nQW or íntheÍùture'.agßinst Lender shall relieve Borrower ftom:makingpay¡ftentsdue under
the Note and this Sccurity Instrument orpe.rfOnning·theqoyenants and agt~ents sc:curedbythisSecurity
InStrument. . ... .,
2.Appl1catí()D of ~a~entsor~oteeds,Exceptas othcxwIse. des~be<lfuihis. Section 2.al1
paymentsaècepted àndapplìed;byLender'shaILbe apþlied'inthefon()wingo~derofpriori~;(a)interest
due.underth~.No~~;(b)princjpal due.),U1der!the l'lote;(c) ~ounts<iue under'Sectión 3. Süchpayments
shal1þe appli~tQ~~mq,<i~c:p,a)'J.neJltiµ tþ.e Qrder in which it OOclUI1eØ-µe. Any~mainingamounts
~h¡ùrþ~~pliedfiJ:'Sttol*chatges'5ec()ndJoany other amounts.dueun~r.thìsS~ty Instrument;,3J1d
then to r~uce the.princîpalbá.laÏ1ce;oft.heNQte;,
If Le.nderreceivesapa:yment(from Borrower fora delinquent,PéfiödicPayJ:nèIlt whicl1fuc1udesa
sµfticient¡µnQ'UIlt ,to Pa}" any 1~te charge'du¢,tbepayment ~ybe. applioo,totlie.delinqüènt þaymentcand
. U1f?lateclíll!gr;.It"m9I'eth3J1()nePeriQØìc.,Pay,mentisoutstanding, Lender,mayapplyagypaYmentreœiv~
frOm . BorrowertQthere,pa)(ID.eri~oftheJ)erjQdi~1?ayment~ if,~<l to the eXte1ú,.Q1at,. ~~ay,II,1entcaQ.be
paidfu 'full. 1:0 theextènÞtl1at àny'exCèSs exists after thepaynJ.eittisapplied to the fullpàymentpfoneor
:moreperi() jit::p,ayments¡ SUch ·~cess maybe.applied toanylatecharges..due. YoluntarM prepayments shall
be applic~(lfirstto.anyprepaymentclíarges and then asdes.cribed in. the Note.
Anyapplìcationofpayments.ÍI1S~rcancep.J:Ocee(ls, Or MisçcUaneous ~occed.ci tQprîJ1dpal,due under
'the Notc'shallnot exten<l ()rpoStPone tl1é dµe.da.t€:, or cfuu1ge the amount, of ,the PeriQØìc.Pay¡nenfs,i
3.FundS,fotEšcto\\, Items.B()rrower shall pay töLender on thëdayPeriodic 'P~yïncnts are due
undertheNol~¡ :untiltbe Note ispaid:in ftill, a sum (the "FUDds")toprovideforpay~ntof:;amoUDtsdue
for:(al~~sandJ~ssessU1entsandQthernexµswqic11 canattainpriorih'over.Uûs St;etiI"ity Ïilstrumentasa
lienorenëumbrancéo:µtheP.J:Operty;.. (b) l~eb()ldpaYP1ent$ . orgrolµ)tÌrent$on tbe.1>,{0pe11y¡ irany; (c)
prenúi.unS foranyandal1 insurancerequireddbyLender:'ùnder Section: 5; and (d) Mortgage Insurat)ce
premiums, if any. or.ålly ".~ payable byBorrowcrtoLendetfu lîëu of. the pâyment ofMottgagè
I~ance.premiums<inaccoroance withtheprovisiom ofSectionlQ. 'I'Þe,seite~ me;;called "&crow
Items'" At orig~()n{)r.at.any .tµn,edµring ~,e telIIIof t1íe Loaµ" J.;ender.1I1aY req$e: that ,Cormnunity
Association Duès, Fet$,and Assessments, if any, be escroWed by BOP"ower~and su~ duc§, fees and
. assc:ssmentsshâllbean·EsCtôwJtem.Borrower shallpromptlyfui'Iiishtol.ender·all notices of 31nquntsto
be paidUD<ierthis Section. BÒIIOwershallpayLcnder the Funds for EscrowltettlS umesstenderwaives
Borrower's obligation tOPaythe;runds for any: or àll~ërow Items. Lender ttiaywaive Borrower's
obligation (qpay to LeDdêr'funds for anypr .311 EscrO\v lteIJ]Salany time, ArJ.y Suchwøjver,may only be
iJiwriting. Iiltheevent.ohuch: waiver, Borrower shalLpay directly, Wh~andwhcre1?ayal?I~¡tþ.e1llIlounts
, .'6AIWY.)iOOO~i.ö2·
~
Pa9~ 4- .of Hi
In/tie"'; IfIs'
Form 30511101
000461.
dije,for anyE$(:roWItel11SJQrWhichpay,tnentoffUì1dshaS.been· waived..Qy Lender ·and. if·Lcndeì'.l'~uitcS;
'shallfumìSh to Lender teceipt$,evidencií1g:.slichpaymentWìthin .such time, periòd as Lendef'Illay'reqüÏre;
Bortower'sòbligatioJ1 tOD'lake'suchpayrnentsandlöprovidereceipts'shall forall'pfiijöses :be dèëmt!d to
'be'à.covenant. antLagreéinentcofitairied'int11is Secur1tylristrument.astheplu'aSe,t Þ9Venarit,·~ctå~nt"
is usetiií1Section ;9;~lfBQrrQwerìs()b}jgated tp pay Escrow: Iteïns,directlY .,p~tto 8.:, \Vaiver,and
Bol'IOwerJé1il~ to pél.ytlle'amouQtdue foX' an Esç,rQW Item. Lendermay~~eJ:{;is.ejt$.. rigl1ts"under~eçtipn9
,and:p<1y,suç1l amC>UIl1;"and BOrrQwçrsball Pteµbeobligatedunder Section 9,t9:~epaytoLepder',anYSQch
mnount,.Len.~ :~ rev.o1ç~·tfIewaiyeras to any qr ållEscrow ltcm1S"at,any time by/a notice gh~¢,ti ií1
a.ccordance:With Section 15, arid. Upon such revòÇátion. Borrower shallpay töJ...enderall ,PUì1ds, arid in
. suëh arnounts, that are thtn reqUiredúnder'this Sectiori3.
LendeÌ'~y"atahytÏ1i1e~collectandhöld'FuhdSlli" ail amount (a) ,suffiCient tö pennirLendertoapply
the Fl1Ildsartheti:lne specîfied'under RESPA.and (b)npt toexceedthe~11I1l amount a lender can
reqµireunderRESP;Á.. Lender,.s1:1alLestù:)1atetht:am()UDtof'Funds due on the basisof,current data and
re~oIJ.ableesWnat~ofe~pendftures of 'W.ture:Escrow IteµlSorQtherwiseinaCCQrd.anCß \VithApplicabJ.e
,Law.
The Ëunds, shá1lbehelct inän.ií1stitütion wh.osedeposits Jtre1nsuted by a. federal . agenty.
ií1strumentality,orentity (inc1udingLendet.ifl:ei1det is·an,insÛfutiOìl whosedC!'0sits aresöinsutedJor. in
~Federal HomeLoanBank.LenderShallé~plytheFùndstopa!the EscrówltemsnoJatet thantheîìme
specifiedùndeI'RESP:A.têndershallnotchàtge Borrower fôt holding arid applying ,thdEwids. annually
mwY7.Ùl~the,e$crow·.acCoûntj....or·verifying the··Escrow.Items,.. un1ess'.~ër.'påýS,Bål1Øwe[.#tt~est.ån.th¢
Eundsand Appl¡ca1;>leLá\VpermitsLe.ndertomake suchacharg~. U:1ÙesS an~I11ênt~rpaQ~,in writing
()rA.ppliCaqleL4wrequireg,jnt~rest to be paid on the Funds. Lender ~hall nor1;>~xeqµirçdto.p~yBorro\Ver
allY jnte~tpr':earnings on the ,FuqØs.Bo1J9wer and~der canagr~in writù1g, ho\Veyer;that,inlerest
shalrbepaid"ontl1~:FuP;ds'.,Lender shall giVéJ(f'l39rrowet¡ ,\Vith()ut ··charge. än..anmjal.accountin~,of the
Funds as reqµired.1>yR.ESPA.
If. th¢re;ds' a; ,surplusöf Funl.Ù.heldin:escrow,as defined under RESPA, Lendet'cShall"accoúnt to
. Borrower forthe;,excess JundsinaccordanceWithRESPA. .Ifthöte is a shortage ofFuhdsheldin.~crow;
~ ·defmed Ui1der RESp:A..I:.en4er shallIlotifyBörròwer.câsr~uh:ed byRESPA....ât1d BqrtO\ver $1,la11pay to
LenderJheamQunt.necessaryto,¡p,alceup the shorta.geiil accørdan~with,R~SrA~,Qu(incnQmQre. than 12.
cmontþlY'pa)'1l1!mìs.If:thereisa:deficiencyofp~s·.þê14Jnescrow,él.5¢efmedUI1(Jer,RE$~A. .lçndet$héÙÌ
~otify :l3Qrr,oweras,required'.by RI!SPA.,anèl,,Bonower' sªéÙlpaytoLenqerthê.éU1lOun~ 'neCeSsàrY t9nutke
up.thed¢ficjçp.çyin~r4anc~ withRE$P.ì\,bµt.ürno'IXlorèthan l:2monthlypayroents.
UpOq, pay:t11eDtmfulfofa11 Sumssecuredbyth.ìs SecurltyInstrw:i:lent.ündershailþrómþt1y fefurtd
to. BQI'I'ow~.ariYFundshèld by:Lenâer.
4.. Clu!tg(!S;.Jjî~.Bo1ToWer shåJlpay.· all· taxes. él.5sessmeni$.. charg~~ fines,andJmpositioµs
~bupWle to,'tbe,P!operty.'whjchcan ¡tt.taiIlpµorl~yo,vert1Ijs&x:uritYlt1strument.J~~()ldpaymentsoJ2
ground ret:l~s. ()n ,the. ~¡>erty.iß·any,ang.COnunw:Iity A.SSQCiati91J.,Dues.rees; and.As~sroents. if.any; rQ
the extentthat;t)j.esèitems:~êEsërowÌtel11S ,·~01'ìo'.Vet shall pay them , in' thernanne¡:PrO'vided' in sectionB'.
B()!"I9~~l prornpJlyçijsëha1:ge~lien wtrlchh~ prioµty ()vertbî~:$eçu#ty Ins~ntµnles$
Borrower;,C~)ag~jt:lwriting to'th~,P¡¡Yme~t of theob1iga,tion$CCureqby,th~ li!:!1J. Ìt):lltnanneracceptá1;>lè
tq Lpnd~.. btIt QnIY~º lOI1g,asBorrøwer is' perfortníngsu(;h~gree;m.ent; {b) C<lnt¢St$:~c lien in g90dJaith
bY. ordefen4sagáÙ1stéhfor¢ßtnént ·ofthe.lien~lègalprocee4ings WhiCh.iri'Leb.derts,opinìQIl opetatè.to
preven.ttheenforcementofthélienwhi1e thoseproceêdingSårepending,. but0nlY: untìlsucb.proc~gs
are concluded;. Ôr(c),securesfromtheholdetofthe,liep; an~greeµrents!ltisfactot;y,..toI.enderSllbördfuatÍIlg
the liç1l to' thisSeeUrit)'~t¡uxneni. rfLenderde!erminesthat~y'PIl11()fthe<PrQPerty i~s@ject tQä liçn
which can.attai.npriQrity·.overt1JjsSecurity Ipstrument,. L.ender mayg¡veBoIIower:~noûceldentifyingthe
'8: -6A(WYl 100051.02;
~
page·5é)fl$
'!1i!i.i's.:.kÆ;;;.
Ëimn 30511101
000462
1i,en. \Vìthin.lQ d¡¡ys·ofthe:dat(:.oJ¡'whicbct4atnQtice is given, Borrowf;r'sha!ls~tisfy tbelienôrtakeoneor
mòré.ofthe·.actìonssetforth,abov.e;int11isSectìon· 4.
LeD.dër ttïay tequire'Borro\Vè1' to pay a one--tiinecharge for a.reâ1:estatemx verifièatiònalld/ot
reportì.1igisêIVice'used:byLender ·ÍIlcoÏ1Í1ci:û6n'withtbis·Löall~
5. J\'oPerty1nsunmce.BOÌl'()wei sh3U1œeptheÙI1proVèßlen1SJ1owe¥stíng orhereaftererectoo9Il.
the ~pert,Y' Ì1.1$Uredag8.iº$t .10SSl1y·fire, hazard5 ÍncludedW:ìthin ¡thetenIl~e~d.pdcovellige," ;¡ndllJ:!.Y
oth..·.erh. azards.Jnc. .l.u.dih.·.g,bµt not. :limi.· .,...·tçdto".·eartl1qu. ;ùç;(:S.and.floo4s. .......11.0... r. .'\ÿbi. ·Ch.Len. ..,...... .der.requ. ..~.·.in~uran.,· ce.·. ~
This'Ù1$utcfnceshall'ljema1ntaÍl)e<rin the~Uijts (including ,dedttctfble JeVels)@d fOf·t.b,e pcnods 'that.
Lender requiteS.,Whàt Lender·rëquires,pursüa.Ilt :tö.theprece:dÙIgsentèncescifu.changedur~,thê:tenn;ôf
th~Loah. The:.'insuranceèiltriètpfovìdihgtheinsuiänceshall bechosèn/b:y Bori:ower subjcctto·. Lender!s
:right todisapprove.BOrrower'schoiee, 'which right shall not be exetcisedunr'easönaÞly.Lender may
requite Botrower topãy, in. cOllnectionwjththìs . LoàIl,.· either: (a) aOÌle-'time charge fox: f]ööd,zonè
detennin~iQn,~rût1cation anc1trackfugserÝices;;or (b) a one~tùnechargeJor.f]ood zone de~Qn,
a,11Ø: c~fi~tion serviœ$ and sµbs~uenLch~geseach time, rçmM>Pings or~inµlar. changes qccur whìch
~µably:niighf affect$Uch. d.eterminationqrceI1ific~tioI}~Bo!TQwer$ai1 alsg be.rpspoJ1$ible· for the
pa~t qf'anyfeçs ilIlpùsed bytheF¢deralEJJ:l!::rg~ncYManag~ent Agem..-yinçon.nection,withthe
review' of any f1oöd.zone"detertnination resulting fro111;an objection ,by. Borrower.
If Bortower.Jäils to l'òaintainanyof the coverages described .aböve,teAderrnàyöbtainÎIl.6urahCe
cöverage;3t:Lend.¢r's Qption and BOJ.1OWêt''S expêhSe;.Lehder is underí1ó öbligatioílto p11rchaseâ1iy
partìcu1attyt>e.'oramountofœv~ë.ThèreforC; ·.suëh:covera~eshâ11cover'LeIldet,but might Or might:'
notpro~,Borrowet;, BorioWer'8~uit)' in ~ePropêrty, ()rtb.ê contentsöf tbeProper!-x; ~gaiIl$tan,Y'risk;,
hazard or liabijity.and 1IlÌghLp~oyidegreaterorl~ser:~y~age thanwmJPreyiou~Y':Î11effeci.BolT()wer'
açkn,o\.Vledgesthatthe cost oftñeinsurance",çoV,c;:UlgC SO oþtaìne(inµght $ignificantJY:exceeð the co..stof
·insutance thatBotrôwerC()uldhaYeobtained~,Aþy:amountsdisb1.lrsed by ¥Ilderun~r·thì$ SçCtion.5,'Shall
bè¢QD1eadtÜtíöIlald¢bN>J.BòrroVicrsëC1u'èd· t>¡ythis Sècu:ritY'Instrutnertt..These.·athºuntss~J.bear interest
at the Note rate from. thedateøfdi$btïrSC1Ile1'ïtandsballbe:;p~Yab!e~With sUé.hintere$t,upóIinotice'f:tom.
Lenderto'Borroweuequesting.þaýmërit . .
All insurance.poliCies requirèdby Lender and renewals of such policies shalF be subjçcttoLehder)s:
righttQdi$approyesu~. polìcì~s,!jhlÙlÎJJ,clude ª stan@cl(Qortg;¡geclause.and shall name LenderàS
IDQItg~~ ~lor,:asan.@diìionIÙJosspayee.Lender sbâ11 ha:v.e· tile, .gght;,to1Joldthep()lic~esapd,renew~
certificat~.]f I&nPer~ùires~..Bon:O\versbâ11.prQmpt1y'· gi.ve,tc:tI".enðer~:r~iptsofp8id·p~ut11S"and
renewAlJl()µces. .ILI\oI¡ower obtainsaIl}" formof.insutan~...fO~erage.nototherwi$e Içquir~bY'Lend~,
ror . dænage,.to. qrdestroction:.of, the Property, suclr policy· shall Þ1clude A standard. ß1Qrtgage,:clause. and
shâ11 nam.ëLender.åS·ID.öttgagee.and!or a$.&ladditìQnâllösspayee.
In the event.ofloss. Borrower' shallgive:þròïnpt noticetotheinsüranèet:arriêr andLeIlder. Lender
maYD1åkepróofof loss if nótíIiadepromptlybYBorröweL UnleSs Lender.alld BOlTower otherwise ag:œe
in writing,..any insut.anceproceeds,whêther otJloLthe: underlYÌng .insurance was~üired ~YLendel.."shâ1[
beappliea. to resioraû,onorrep~rof.theProp¢rty, .iftherestoratioI}.qrrepäir is eC9no~ca1ly feasit.>le·and
l.eJ¡der'ssecw:;lty' isn.o~ l~s,ened.DuringsucÞ..'fepairand.resto.rlltion periDQ. l.çnders1.µùl bave 1he.~gþ.tto.
J1q14 such·insuran~.proceeds)llltilLender h~ Wi(.l·.an opportunitytQjnsp~çtt¡UCþ. Property to.ens,urethe.
work.~~ been.. COmpl~~¢d toLendec's$atisfaction, proy.idedthatStïch,~tion shall be undeI1:aken:
promptly . Lendert1:lây disbUtseproceedsforthe. repíÛrS.311drëstola.ûon:ina.singlepaymentot .in'aseries
ofpro~ss.pa~ts·as,the.workis,complêted. .unless áÍ1,'a:greemênfisriiådêin .writing ,or Ap~lièable'Law'
requiresiìnteteštto be. paid ,on suchillsurance proceeds,LendCjsha11nother~uire(1 to pay Bôl"IOwerànY
interes. ..t or· ~gs ons\lch ptoce¢d$.Fees for public adjusters; or other thirÔ.pattics. rctåi.µêd:by
Bor.rP\Vershâ11nôtbepäid oritô[Íheiµsuran~ prO~s'aµd$hall~etheB.oleoblígationotB. orroWeJ;, If
the,~storati()nor~air is.µoi êconºIIlÍ~afiyfeasible~r LeAd~'s B~\l1"Ì,ty<\Yould he.les$eºed.the~c
p:fOceeds·$baU be1lppli~ t.o ~hes1lijJSsecuxed by this Security Instrwnent, wheÛ1ßTördDQtthen dUé, with
.;6AIWYI-lDOO5 ,O:Z
UÞ'
f' ¡ge 6.of15
Jri~a!!l: A/tS
Forin3051 1/01
û00463
theexcess.ífany,pàid'toBotrower. Suçhinsuranceproceed$sbaIFbe;¡ppliecl in., the order.· providecl JOt· in,
Secûon2~
IfB()ÌTowefabllÎlcloÏ1$:·thePto¡wr1&'"Letiélêf,ïî1ay 'fiIé"ttegoûateål1cl settle.ánY åvàilable:insiirance
cJ~.an~relat~·nµttt~~, IfÐottower~pesnotrespondwitbjn30 daysJo~ 'Í1Qticeffom Lênder thatthe'
insu,rance,c,arríerhas .·offerØ to.,sett1eJiclaim, thçniLe9der:J,IJayneg()~iate. ·~q;8f:ttI.e··th¢·cllilin. 'I'l1~3o..day
periQq will,begÍIlwlÌenthe,;noffce i:; givell. Inéitherev~~. or;¡fI.enderacc¡~Ç$ the PropcrtYU11d~
Seëtion220r otherwise, Borrower hereby as$igns: to .~der (a)BoIT.ower·~iìghts; to.. !UlY~
proceeds'inart,:aJX1ount.nottocxceðd· theam:ounts unpåid,i widèl"the Nøte or this Seéul':ity.InS\:rµn1tmt, ,and
(b) any other òfBOrrowerts 'rights (other thán'thè ·1ight.to,â11ytefundofúnèamed,premhl1I1S pàid' by
BortOwer) under all insûrancepoliciescoveringth'e:Ptòpeíty, . insofar as such rights: äre applicable' to the
COYërageoftlÎè···~operty. Lender'may··usethe'mSuranceproceeds.··eithet .torepait.otrestore'theiPrôperty' or
to pay ·an1Oun~·, uppàid.updert,b,e Note or ,this Security Instriunellt, whether orn()tth~due..
6.Øccupancy.,BorroV(~rsha110ccupy,estal:>li$, 'and,usetht;: ptop~ '.,~. Borrower's principal
l'¢$.idence within60.days:úJer tht;: exeçWlon. of this Seçtµ'Íty.Instrument~clshall continuç t().. occupy the
Property as.BQrrowett s pI':Ùlc.,'ipal resid.encefo!at,l¢a$tonc.yearafier the, date ()f<9l.:C\lpancy; , unJess.l;çnclet
otherwiSe:' agrees '''.in WritÎng; wmCh CQ!ìsent sha11not be unreasonably withheld,ptun!çsse]\.tenulltÌijg
:êircUtD8tanœs..exist::wlliCh'are··.bey6rid··B()ttowér~s..cottttol"
7~PreseJ::fitioni Mài:i1tenanc:e'and Próteetion·of tbePi'oþtrly;InspectiöhS. Borrower shall not
d~ttoy; d~g~OI: þnpàirthe"~topeI1y,ano:wthePtopent tÔdéteriörate örcòniínif waste on the
PrqpeI1Y, \Vhet1ietor"not. Borro)\'er Ís,resìdîÏ1g ìnihe~perty, Borro:wetsllå11. rriitil1t~iq.the:Pröperty· in
order ioprev~t$e J>toPfJrty fromdeteriorating91;cleçre;¡s~ngiq.value'4ue tQ íts..conditiqn. Uîùess"iti$
<letermiped pU1'SµanttQ·'S~Çtiqn 5that)¡epàir.or restoration is. not"eçpn()miç,a1ly'f~ìble,..·BorrowerSÞall
promptly;repah" the: Property ¡fdamaged to avoid fimhe~deterio~i()n;Or 'Wlmagç. IfinsU¡~c~or
condetnnatiori ptoceeds are paid in tontlðCtion, with damageto,or1he tâk:iI)g!of~tbe J>toperty;Borrøwer
sha11beresponsibleJorreplÛritJ.go¡" 'reStOring, thé,PtopertYØnÍy ifLencÏèr bä$~ea$~.pr9~ fqr such
.putpOses~LèndCtmaYdi5bW:se:proceedsJ()rtherepairs;a1ld restoration;Ùl,asmglepayment Qtjnaserws:Qf
progress payments ás thèwQrk is C0111pleted.JftheÍI15UI"anceor condertmatìo1Íproceœs'are:1lótstifficient
torepaitQrresto~1he.PtQPerty,BorrClweris nottelieved af Borr0'\VeÒ¡obligation for tbecoœ.pleti9n:of
sgth repáirQrrestQr~on.
Lenqer.(>{ itsagentœ.a.y ß.1a1œre;lSonable~triesupon,: and Îì1speçtîons.of th~ProPçAy. Jfit þ~
reasofiablecauBe, Lend¢t rnaY'1µ.s~tIl~,intedar ofJ.4eitnpro:v~tson.the:Ptoperty.Lendetsha1igive
BoIìower,Dotice:at the~Pforprior to·5Uch~interior ·inspections~ify:ing·su¢hr~()n.ablecause.
8.BorI'oWer'sLóanApI>llcat1on~Bouower.. shall. be in default if. during: the, Loan applicáûon
process, Borrower or .any persons or entities actingaLthe dirèction;of Borrowc:ror With Borrower's
knov¡ledgeor co1lSent"gavetnateijaliyJå1se. misleading, or inâCcurate mfOrmâtionorSïatèmentstoUnder
(or f~ed.to proyì4e ~derWith'!J1ateda1informatioIl) in cönneçt1on\'/,iththeI.oaIl' Mau:ria}
r~resent~tíQqsjnçluqe, b9t¥~not limi~tQ, rçpresentaûon~CQnceming~:çrq~er's occupançy Qf thç
Propetty·as..Borrow~r·s'princip¡il..residenÇ,e;
9. Ptotecti~J1'p'.L~(ler's ..:rµt~.in,th~ Proþerty8J1d..RightsIJp'(I~ tþÏs S~ty~t1'1m1~t. If
(~) Borrow~r'failuo perfònn,the:~ve1Ul11ts-andagrëexnents contained inÌhì$S~tYJn.s~nt,(b)there
isa .1egaIproc¢ediñg1hatmight significantly affet.'t. Lender's interestìnthe ProPertY 1lÌld/òr rights under
thú¡Secûrity 1ítšttuIJ1ent(SUch"asäþrocéedinginbankruptcy,. ,probatetfor,condemnatiÒnor forfeiture, for
enforcement OÍå lien whichmay:atiain priority over this. SêcurityI1l8tmmentot to ,enforCe Jaws ot
. ~gulatioll~), ör:.(ê} Borrowei nasábandøJ1ed the Pí:0pcrty, th~LerlderlDaY .40aIl<lpay Jôt'Whatevet is
re~on~ble oJ.":appropnateto. pr9tcct .Lender's/interest. in ~eProperty aild. rights\Û1dcWthiS~ity
Instnnuent. . inc~uçiìngpro~t41g'andloras~~SÌI)g -tile 'va1ueof.thcPr?perty,and ~ççw;iIlg'andlorrep~ting
tbePfoper:ty~ Lender"s.actiö~ canÌI)¢lqde, but¡u-enot)imit~to:(a)Ptiyiq.ganYs,wps;seçute<l bYtinep
which has prioritY9ver :thi;r SecutityInstnlt¡;1ent; (b) appearin~ . ÎJ:1 ÇQ't11;t;:-and (þ) PI\.,YÌÏ1g .reasonabJe
~·-6~(:vnlI00(j51,Óï
~ .....
:Þ&g6'7 of 15
IÖ11¡~IS;~'
Form30S111~)1
000464
attorneys' ft;estocptotectitsinteo:stµltb.e PrOpcnyaIlÔ/()1.",rights underthis$ecurity WU'W,nent. jncludfug
its securedpoSiÙOn;ma bankniþtcy proceed~~"SeèUring, tb.ePropertymcluOO&;butisnotlimitedto,
ente~the PrQpèI1y;tO:make,repairs,changeJoék$,replaceQroocu:dupçloors and,wín¡;1ow5,drainwawr
fr<)ul:pipe$, '¢Å~W;bui1diqg or.'othet,CodeyiQlätjoµ8,()r ,dattgeroq&concl{t.iQns,,8tld,hclVeqtiljties, turne<.J.
.on',or .of{..,,A1thQllgh~der~y~eac~o,I,\1µ1der;tñill.'Secùon9,,.Lênder do,es.not,haVetp.do,soa11dis'l1ot
um:let;aIt)" duty'oroblig~io.n tpi do 110. Ifis~reedthat Lender"incurs no li/Û)ilityfofnotlåk:fug'àn¥orall
'acûomautHorlzedwtdefthis$êction9. " m
A.nYai:nØ1.Uït$di$bùrsed. by Lender under ~, Sectiön9 sballbecome ~itionald¢btofBorrower
'secpred,lW this Security ̵stn1Ïn!mt.Theseamountsshallþear interestattþe No~' rate ÍIQIIl the date 'of
di~Þursementanq sJudl bepayable,witþsuCh intetes!,uporinoticefromLender to' Borrowerrequ~tmg
paytne1lt.
If this Security 1nstI'l1Djent Is" on a leasehold,., Borrower shall comply' with all tb.eproyisiö~oÜhe
J~. If· Borrower a<:quìres fçe title lothe, Pr():perty~th~Jeasehold and th,eJee tìt1eshaIL.not rocrge;unless
tender agrees to tl1,e~rger'inwriting~
10.,,Mortgage~ce., .rfLendetrequired.Mörtgage'Insuranc,eas,acondiûón ,öt'makingthe,u,an.
Bdtrowershãl1 pay thepreriùunis'required;tórnaintalntheMortgageInsurancejineffect.Jf~ fotanyreasón,:
the Mottgage !nsurance coveragec,required by Lènder'ceasestö be available:fromth~mQngagejIl$µrerthat
previously pro:vided s:uchin$µrance,and 'ßQrro:wef,'wasrequire<i,'to1D1lke$eparatelY",desigll2¢edpaYroents
to)Varqtb.e,preµû1.UI}S fQ,r, Mqrtg8,ge~aIlce,BolTower ,~h¡ÙLpaythepreroiJlIDS ;reqµµ-ooto obtäùl
co~e ~bstafitùùly ~q~v:ûeµt to the',~ortgâgeIJlsuranCCpreviouslYineffect,8,t awstsut)sU\ßtia11y
equivalent to the 'COst to ,Bôtrowerofthe Mortgage Jfisuìànce previously in effe¢t"fröIIl analtemaie
mongage;ÙlSur¢r ;'selçeted by Lender. If.SµbstahtiällyequivaJ.entMortg~eIns!1IanCtt.:~vcrage isno~
availaÞle"BorrQwershaU cQn.tinuetQ,payto Lender:theaIIlountoftlî~sep~teJydesigIUùed,p8,ynJ,ent.s that
were,due,'when:the)nsurancecoverage,ceased to beineffect.!..enderwilLacceph useandretai.n~ese
payments: as anolFtefundable:Ióss reserve inlìeri:of Mortgage1ftsuranœ.Suêh lossrescrveshall be
nOiHefundäble" notwithStanding 'the fact that,:theLoan'iS,ultiìnateJypaidin::full, and Lencterisball noLbe
¡éqi.JÎ@dto, ,pay B()r.rowetanymter~torearningš.,ònsuchl()ss;Iesei:ve..' Lendèrcap.Dò longer'require losS'
r~e paymeIJ.ts ,îf.,Mortgase,]n~ance.,ço.Yerage(Ùlthe.mnOt11lt and for tþ~peri04'~Lender.~qUÜ:e~)
proyidÇdby anins11rerselcçted jy,Lender ~gain becomes, available, is" obtai1l.ed.áïld,Lenderrequires
',separately .designat.ed.paymen;tstò:wàrdtbeptemiuiJ1$ for MOrtgage~. 1t'L¢nderrcquiredM()rtgag~
Insuïancèas a Condition ofII1ak'iAgtl1~,Loan:anctBorröwerwasreqµitedtomak~s~lmlte~y .designated
paymen~"toward tI1f;pre~ums for Mortgageli1Súr~ce,.Bouower shalt pay the ,pr~u,p.1Srequired, to'
I11~it1tajn Mortgage,IfisUranccincffe<;¡t" ormtopr~Yi~e '3:nºn-refUnd~le l?ssrëserve, ,ÛirtilLender',~
requitementfor'Mortgage1I1suranceendS1n. accordáricewitlì'anywrittenagreement,bef,ween'Botrowet 'and
Ldlderprovidingfotsüch:tenninâtioDotU1ltÌl'tennination,isreqUired'bYA.PPlicableJAw .,':t{othing'intbis
SectionlO affèçtsßQrrower's9bligatlIJIl to;payfuterèStªt,t!:¡,e JateprovidedintbeNQte"
tvfpr1gage Ins~c;e~eiInþ:u,rses 4n,4ç¡;(or'aJ,ly;eIltily-tbatpurçha.ses.,'thç; ~ot~l fox; ceWn, lQsses,it
InaY41cur ifBQ,Irowe.r doe$ not repay Jhe Loan.as agr~d. ßorro'Ver ¡snot a P4rtY, to,theMø.rtgage
Insuran¢e~ ' '" , " ,
MQrtgageinsµttrsevaItlatetheittotal risk ön alL such ÙlSuraneemJorteJromùme; to time. andmaý
ellterìnto>,agteëmentsWith 'othetparties .that share or modify their riSk, 'orreduceJosSeS..'I'héSe~entS
ate on tennsandconditionS that, atesaùsfa.ctöryto the lÍ1ôrtgageinsurer and'theötherpárty(oÌ' parties) to
theseagreements.Thes~agt¢¢mentSi:nåY reqtili:êtb~ mortgage insurertøi:nåkepayrnent$ ,~inganysoi.JI'ée
-offunds.that.the,n1OJ;,tgll&e Üls,urer 'mayhav.eâvaìlable(y¡hiçh~yinclu.de"fundS' c>btained from MQl,'tgage
Insl1rance.premi~}.
As a., result oftb.ese.agJ;~nts.¥nder.. any purchas~r of the N:ote,. another "m1¡UIer., ~'reiÌ1surer.
any, other entity, or any <úfiliate ofanyof1he,{oregoing,mayreceiVe(ditectly:ormdirectly)amountstha,t
deriye from (or might be characterlzed:'8$) a portion ofBorrower's payme¡}tsforMortgtlge Jnsurance.m
exchange for sharing,or mödifýingtbe,mortgagé'ÙlSurer'srisk, oI'reducmg, losses. If'such ,agreement
provides that, an,affiliatêof'Lënder takeSashateof the inSUÌ'et',sriskin exchæge fOr aShàre of the
premiUîJ1$paidto the inSut'er,:the artangement, is'oftentenned "~aptiŸe,¡éiD.sUranëé/Further:
(a)AnysucbägI'e@1ë.Dtswill nøt arrccttheantounts thát. :UÞ",~Wer ;has:agreedtø(»1y løt
MQrtgagç~uranç~, or~y 9.Ø:te¡" t~()ftheIt()an. Sucbªgreemen~'w.m not.in,crease,the .lJ,glount'
BOlTOWcr wiIl9wefQr M9rtg~eJnsurance, ~dtheywiU notentitleBQI1'()Yi'er'~oAAY ro11md.
e-6AIWYliooos);o2'
I!)
In¡tjals: ~S '
Form 3051 1101
p~g.,a of 15,
û00465
(bJAnY sudt3greementsWiltIlQt affect thëdghtsBorroWerhå$ - ,lfWJ.Y- with respect to the
Mort~41~~IDsuri1nteund~ the Homeowners Protectìön,Actof'1.998 or'anyotht:r'.law.'l'heseri~hts
may includetb.e iightto; r=vecertiìiri :disc1Osures,:torequest: and :obUWrcane,ellation" ofthé
Moftgâge'hìSUi'ance,.tø;]iavëtb'e,.MQ1igàge..Ins.úrÆØC¢:~t~à.u,tQ¡nati~",Jmdløt' tø.receive a
reftmd'ofánY MortgageJnsur$lc~pI'mÚt;íîtu¡ Jhatw~e'unearnedaþthet~e,øf:sul,1h'.ÇAAcen41tionør
têrmÏl1ation~ " .... ,..
11., ÄssigJUD~t . .()t,~lane<!W¡'Proc~; F'orfèiture. ~Iï'Mi~cen!UJ,eçltS 1?tQce~aœ hereþy
assÎgnedlo and Sball.bepaid to..Lênder.
.. IfthéPtopenyls'··dàmãged; Süch.;MiScellaneö\1SProcêèdSshalLbeâppliedl0;,reStOÏ'átÌónorn:pmÏ'of
the PrO:pertY, if the restotàtion or r~mr iSecOÏ1omica11y feasible aIid'undei's security is not.1essened.
During,such,~pai:r:ä:i1d restoøiön,period~, Lender shall have.the right to høidsuclï.,MÎ$çel1aneþus,Pro~d.s
untilLçnderh~;had:anoPP9rtunio/ to~tSl.WhPrqperty· t()ieI1:5urethe,'\Vor~has;b~l)'SOIl1pleted to
Lender's satiSfàction"p~oyid~'thatsuçh~~tion shallb~1JRdeI1~eI1proI11ptly" Lçnd~maypay..for~e
repmrsatl(i'resto~tion in 'äsing1edisbùrsemëntotiriasenesof progress payri1tmts 'as the work is
OOmpleted.Urilessan.:*eement išmadeinwrltingm: :4pplicableLawreqüiresbitèrðSt'to'be ]>aidon such
MiscellaneousPr<Xi~. . kndershall'not t:>e,req~d tOþ.ay Borl'Qwer ~yinte.¡t;stÞr eMIÛl)gS()l)SµCÞ
MiscenaneoµsPIQçeeds.tfth~restorati?l1..or.repairisnot'~onomiça1ly'feasiblepr.,~nd~'ss~µrlt)'·\Yo.uld
beJessened,.theMisceUarieous'Procèédsshall'. be appliedtoth~sums·.secµíêd·byd:his:Securìty Insttumci1t;
whether or not tfiêndue"withthe exœss, filUiy, pB.ÎdtoBóttowèt: Stich,' MiscelliuleoüšiProceedsshalI be
appliedintheord~rprQyidedJor.inS~øn 2. '. .' . , .' " .' ' " ...
.' .... :In. the~veJ.1tof a,;total t4ing, destmction,"or)o~~ inWa1µepf the PrQRerty., Ü1e Mi~cèl1aneous
~sshàll be,-äpp1icdtothe ,su1IJS;secured bythis$eqititYltÎ$tJ¡'U1nenl;' wheth,~ot'notthendl.lè" with
the excess j ifaxïy ,paid to Bôrrowet. .. , . .." ,. .' ..'
'mtheCventòfa partialJaking,desttuctionj or Ipssfu,value.,ofthe)?r(jperty"in whi¢hthefåirïnarket
value'oftheProp¢Ityinunediat,el:ybefore the partial takìng,destruction, orJossinva1lle is eqllaltoor
greaterti1anthe ,mno~t . pfthe,sums secureclbytl1isSecurity Instrumenhir,nmeµiatel~ befo~,the'p! rtÌal
takin!Fde$tmction~. or IOSS;inYalueJUnlessBOIIowerand'l.e~derotherwise;agreeiri . writing',fhe sUìn$
securédb:ythiS:SOOurityInstrwnentshallbe,redueedbyth:an'1ount of the Mis¢ellaìreöùs Proceèds.
multiplied by the ÏoUQwú)g'Jractiort:>(a)the total .lU1löuntof~the,sun1S sc::çure<lhnme(iiatelybefore the
partialtaking,.desnuÇtioll,,()r lo~s'ÍJJ; YaluedÌvide4 by (b) the JmI'~ke~ \'alueQf 'the ,p+op~
immediat~lY'b7f~retije;PartiaLtaþng,d~truction,or,loss:~ "alue.ÞJJ;YPa1ance ishaHbep¡Ùd to BoITower.
Int1ieev~tofaPårtìalt~ki~g,dc:sti1lctiol1, .or losšitl va1~eof tl:1è'Property..inwhich',thefair l)jM'két
value>ofthe , Pr0.eertÿ .i.n1mediatelY'before thèpartíal; taking,' destructîön,; or ,loss m:vãlue is less than the
amountofthe,$ums:securcd immeðiätelybeforet!ie.partialt$õ.ng, d~ttuctiòn;'o:r loss in valUe, 'unless
JJorrowerand'~l)derotherwi$eagree inwritit1g.t1:le.MJscella,t:t~usProçeeds~ha1lbe,applied tOÜ1esums
secu1"edbY this S@uri~lnstmment\Vhetherornotthesums are then . due.
lithe :PropértYÌ8' abandoµedbyBorrower;or if, after . notice' by lender tóBorrowerthat . the
Opposing PaïtY{aS:definedmthenext sen~)offers·toinake'an',award to settlit'aClaim·.fordamagêS,
ßQrrowerfai1~Jor~ond',tO ~Lender·within.3.0,¡:laysafter.:tb~date'the1)9tjce,isgiven,Lenc{(~¡;"isautho.
to çollect an~apply·the, MîscellaneousPrc>ceeQ8 .either torest~rationor repair ()f~Prwel1yor to the.
SUIIlS,securedbYthisSecurity InstnUrtent,whethetor notthertdue."OpposingParty "ìneansthe,third Partx
that owes BoiTower MisceUanoous ProceedS or the party agâinst, whomBòrröwèthasatigl1t of action . hi
regardtoMìscellaneou&Pro~. , . ..... . .
B~rr?Wershall b¢ in 4ef!lµIt.ifany~iQn orproç¢edìñg, whether ciyi1 o~ ~~n1in~,ìs,.begunJhat,~
Lender;sJU4glJlen~,coul4 resllIt III fqrfelture of the Property or,~ther~ênal1IIlpamnentof Lemier'$
interest in the Property or. tights under this Security Jnstro11lent.Borrowercaäcuresuch adefaultand,if'
aCCeleratioilha$.Occw'redt'reinstate;.as.'provided in. Section 19f' by,causing·tfic;action. örproceeding·tó.'be·
d.is~sed\VitharuJing thät,biLènder' s jUdgrttent,precludC5forf¢it.ure . Qfthe PI:'Òperty<orothermateriäI
ÚI1paiI111ent of Lender'3inter~tinJlu~,Pr(}pertyor rights under this Security J~trµment. The proceeds of
any'a"'aI(iorclaì.mJor damage$tbatar~.~ttrlbµtableJo the. i11lpéiÌl11)cnt of l&nget'sint¢rcstin the Pì'operty
are hereby assigned andshaU be paid to Lender. . , . ,. . , ,. . ... .
'. All MiscellarteousProceedSthataren.ot àpplièd to teStoratiòn.or tepaiföfthePrópCrtyshall"be
applie4.in.,theòtdet pI:Qvið.e(kfodp.S~tion2., ;
. .6A(WYlioOÓ5¡;Ô2
~
I'80e 90f .16
1r¡ltiiolS.:/áS'
Form30Ei.1 1./01
000466
1Z.Borrower Not"ReleaBefJ; Forbearance By LetlderNQtaWaiver~.Bxtensionofthe 1ime,· for
payment ar,ïnodificatiaJ1Qfamord.2;ationQfth~sums'secµìed,bythis$ecurity1nst.tufi1ei1tgràii.têd by Lender
t9Borrower' 0.1' '~Y, Su~sRr.þ1Inter~~,o(Bottowetsh¡¡fig.Qt,operateto tc:1CáSelhe,1iàbilit}i',OfBQnówer
or anY SUccessors mIntC1"r.$tOfB01TQwer.LenderSIWI,not be~quírect, tQ~~C,ep~~g~against
.any Successor in Interest Of Bòrrowerorto refuse to extênd tiIne forpay¡nent or~therwise µlod~fy,
amottizationofth.esumssêCllred~bythi$SecuritylnstroméntbY ~asonof$iY demand made by the ' originå1
ßOrrower orany:Suc~so1'$inJ:nterest of Bpttower . AtJ,y forbearaí1cebYLtnderÙle~etcising attyright or
(emedYU1cl~dj¡%",it;hQut lin:µta.q9n~Lender's acçq>,tançe()f,p~ynreI .ts from thirQ.,persqns,entities ,or
SuccesS(),rsÎ11IntercstQfB~rro.wer,orÌIlamoW1ts,lessthantp,eamoW1t then,due,sgaJ;lnot,bea waiver of, 0.1'
precludethe.éxercise ofanyrightor remedy.
13. Jomtand,Severål Liabllity;,Co';sîgnèrs; SticœssOrsand, AsSi~"BoUlÍd. BorròwereovenantS
àIìdagr~sthatBorrower'soblig~11$,and,1iab,ility$1ia1rbejoint'andsevera1. Howèv~r,atty,Borrower who
CQ7$igns this Security'. Instruµ1ent but doesnot~ìteçµt!rthe No.te (a~ço·sjgnef"): (~)isqrsigningthìs
SecurityJnStrument olllY' to DlÖrtgage,gr~,tand ,convey thecq..signer'sinterestin.th.,e,J>rpperty under the
tennsofthis'Secunty InstruInent; (b)., is nOt 'persona11yoblígated. to. pay the sums sOOlired by this.S~rity
In$tr1.mJ.eIlt;at\q (ç). a.gt;eeSthat,Lenderandwy other I3arrowtr can agree,'to.extend, mOdify, forbear or
µ¡a1ce:anyacCOIIlIl1oclatio~' with regard, to.,thetermsofthi$Secutity Instrumënt()f the Nòte without the
co..signer.'sconsent.
. Subject tathe provisiQDSOfSeçtio.n 18,any Succ~~orÙl, I1lter~tot ,Borrovver' whoass~s.
:Borrower' sob)igations.,undet thiBSecurity .Instrument· in writing, and is approvcilby Lende~,shal1 obtain
a110f Bonv,w,e(s.rigÞts,;ancl benefits under this SectUi!;ÿ;Ihstrument.Borrpwer:$luùlnotbe released ftôID
BQrro)Ver' s ab1igationS,and.liabilitYUIld~.this:Sccurity Instrument unless Lendera,greesto such re1easein
writing. 'The'coyenånts', and ,agree.tX1ents of'tbisSecuritylI1strutnent sb¡µlbind (e~çept as provided in
Section20)andbéncl'itthesuccessorsand,a8signsof Lender,
14. LÖØJ)(Jharges. .I..ënder IIiãy'chargeBòrrôwer fees för servicespCrformedin ,connection'with
l3orrOwer's defaµl~, forthe,purpose,otJproteètíngLender's,interest in:thèPr'øpertyand, ri~tsUÏlderthiS
Seçurlty"Instrument,ip,cluding,'Þµt:notlimited to",~ttor.neys' fees, property', inspe¢tiºn"ap.dva1uat:ion'.f~.
I1lre~4>to;anyothetfees, the;absence of express autho.ritYU1th~,~uriÞ' Instrotneµttocharg<;a8p~ific,
f~ toBorrowerShal1nQt'beconstruedas,a,piÖhibltion·ontheë.hårgin8"Qfsu~"f~,' Lender'nµlYnót,,~arge,
feçsthàt:are expresslyprobibited'ÞY this SècutityI11$ttumentorby Applicable Law. , ,',' .
lftheLoancis'$UÞJect t9:alaw whi¢hßetSì11aXifilWJ:!.löan charges~andthaf law isfma1Iy'interpreted so
tbat the inter~torotherloan ëhargescollectedor;tobecoUected inconn~tiön",ìth ~ Loai1~ceedthe
petmitted limits,. then: (a) anYSÍ1thlòanèb~ge shall be,redU¢¢dbytheamoJµ1tn~ess~to reduçethe,
charge ',to,the ,pemûtted limit;, àrid,'(b),·anySUinS already colleotedffomBöìrówer,wlûch..ex¢èededpermitted
limitswiU,'be~funded ,tQ, BOTrowei, Léndèr·may"choÖ8è1ó:make this"tefund b)ireduèmgthe principal
owed under the N~te Qr 1>Y nuµd.ng a.tfirect ,. payment t{) :ßoIr()wer. If a refund' red~J)rincipa1,the
reduction'Yillbetrèated asaPartia1 .prepaym~t'Wid,1out anyprepªymeµt~harge (wh~er()rnQt a
prepayment Chargeis provided for under thè.Note), J3orìowcr's~cceptance:ofanysuchrefundma<ieby
direct,' payment'lo:Böno:Wér'wl1L cönstitute,awaÌyer>of any rigl1tof.action ,Börröwer'íni~t:.b.âvearising"oût
of sucho.vercharge" ,'" , , ,," ,',' " ' . '
1S~ :Notices.. AU ,notices given. by ÐorrÇ>w(:Tor Lende.r i~,connection,\Vith ,this .seçUJ:ity I:t\St{Un1eJJ,t
must be in writing. :Anyi1oticetò:Borro.w¢r'ÙlCOnn~tion withtbÎs Securi~y.lt1strument:shalLbe'dçemed 19
have b@ngÎven to, Borrowerwhenmai1êdby .frrstclass mail orwhenactua1lyde1iveredtoBorrower's
noticeaddrësªifsentbY0tbermeans, ,Notice to any one Boriòwer shall'êonstitUte.notiCe"to all Borrowers
unI~ Appli.çaqle Law expressly 'requires otherwise. The. nqtice addre~s '~haIlbe theJ?roperty Addle,ss
uniess Borrower:hasdesignated a,substitute:notice addr~ss bY'llotice to~er.BÞrrowçrsha11promptly
notify' Lender:of,BorrQwer'schange'afaddress. If:Lendersp.ëcifi~aproce<lUl'ef()rrºwrting:J3()rrower's
cfiange.o.faddrøss, then Bonvwer,shall'Qn1yrepórta.chaitge ofmidress'thiou~" thatspeèì.fied proce4ure.
There may be0nIYQl1ec1esigl1~çdnQ1Îce~dc1ressunderthi$ Security!nstruriìentat anyone tùJie.Any
Iiotice··to L¢ndet"~hallbe·givenby'deliyeringit.o:rby mailing it ,by ~r~çc.¡assIDàil to. iender~s,addre$S
stated.hereitiuntess Lënder h~ desigI1atèd, tlnother:~ddressby" notic~, .to Borr )wer~A.ny notice in
connectionWitht.hfu.Security InstruInent shall notbedeèmedtohave betm,given to, Lender until ac~y
receiyêd byLçnd~, "lfanynotiêe required bytwsSccurity InStnunent is also reqiliredunder Applièable
Lavv"the Applicable Law reqµÌremeIÏ.t wi.ll '$~tíSfythecorresponding rêquit~nt under this Sectu:ìty
fnstnunent.
.,~(wYlt0Q06 ;Ø2
II)
pëgÍ1400f 15.
Iriitjðls:~5 .
Form30511/01
000467
l(). . GoverDing Law;' SeYen¡bility;RuÏœ ot Coo.stru~ion.. Tbis)Seç9ri~ ,mstnunent sb ûl.be
gOvemed¡by' federallaw and the la\Vofiliejurisêtiëtion m which the ,PropèrtY1s100atë(L AlLrigbts 'and
'obligatiø~¡:con~,inthi$ Seourity Instrument.. aresubjec1: to any tequiitmennrand, llinitaûonsof
Applicable> Law. AppJical,}l",. J4w1:t1ight C{x:pHçit}y,or' in:íplicitl}! ,all()wthe;p~e$, to agt¢eby COIlU'clct or-it
1I1ighrbe, 's~eJ1t~butSt1CÃ-,'sµence sha1ln()tbe·col1Strµ.~ .~.,é ,prohibition:~g~im:tagrepnte,ntbYCOIlU'ªct:, In
tb~ event thatanyproyisionot clause of .thisS~1Y Irist¡qme1Ïtor;tlîe ~9teCOnflict~ witbAppJicable
Låw, 'sqcl1·conflìctshallnotaffectothe!.provisionsof thisSecurlty IhSuum.entot:iheNòfe which c8xrbe
givøeffectwif1i()UftbeconfIictingþrovisiön. . . .' . ..... . . .. . .
As u~;in'tb,is; ~µrity wtJ:Umenl: ,(a) ,words Qf·themasêt11ii1e gender shall '111~andincIUde
correspoIldit1g:nßJJt~ w(),rdsor wOrds>oftlJ,e~g~der; (!>}word~ in. thè;,sÍ11gill~sb ûlmcan,afid
include the'plura1'and viéevena; and (c) the word J ~y" givf:s.ßole discretion witlJ,oµ1:a:nY 'obligation to
'tak:eanyactlon~, "
~7..Borrow~'sC()PY·Bortowet$b.a11 be.givØJ;lonecQþYof theNóte~doftb.isSecuritYJnstrument.
lØ. ~ransf~'of. the,<:;P.ro~y,or a\B,eneficlalInt~ in BorroWè.r. A~u~in' this'sectiQD, 18~
"Intere¡¡tjnthe~roperly'[Jn~sanyJeg~tor,beneficiálinterest in. the .. Proper1:y,inçlud· utnot limitcø.
to,'thosëbeneficiå1:inteteStsttaDsfetredÏtta:'bond"fordeed"COD.tl"âctfo.rdeeci,instaID)] '. . . .esçoijtraçtQr
esCrowagtecment, thc·· intentOfwhichds;.thettä:nsferOftitle'byBorròwerat..a.futuredate toapu.rchaser.
If all or any partofthe.,~oþertyoï:any'Intetest Í11 thëPrqpertyissold ,ortranSfé~(órifB()trower
isnota:,naturalpersonanda'b~pefici~'interest·jnBon:owetiS.SOldo~ transferredJwitþoutLeIlder's'prjor
written'consent.,Lender~y, requireÍ1'J11nWja~e'payxn¢nt ip full of¡ill1s,um&secure.d. 'bY1J,ùs§~u¡jty
1nstnunent. However,this option shä11not be ëxercisedby l.eDderifsuch ëX~f(;i~e is prohibited by
Applicable·LaW; .' '. ...... ...... .
.If Lender exercisestbts option, ..l.eDdè1",sbaUgive BotrOWernoticeòfacceletatiotï. The.tïóticçshall
. PFovide..aperi.odo(noÇlessthan.. 30 days frQlJ1 thçd~t.e the;noticeisgiven:in.·accordance withS~tlon 1$
W.. ··.ithin.·.· ...whi.·ch.13.o. rr. 0.'. W. ..er. .. ',.mu.st. p.... a.Y.·..MI...:sUms.s..ecure...., ., d.·.·. \bythis.. Sec;...urÎty. Ins.tru.men....t.,.Jf.... BQ;t7;1..o.w...",.t;.rJaJ...·.I.s. .top.a.y
thése swns: prior tò':thëexpirationof.tl1ìs Peribdf Lendci"nmyinvoke~ytemedi~ permit!ed þytlJ,i&
Secûtity.·Inst:hiìiïentwitl!9utifutthernotic:e..ör..dert1ârid::onBorrower,
19.. BOrrow~'~';Righti t9. :RØ9S4tte.i\n~.Ac<:el(!~ijon. Jf Bø1íoWer. Jneets<cettilincòhditions~
BOI¡(}wer~éÛrhª,Ye~,the tigþ.~ tQ ·~v~ enforc;ement o,fthis. Securi.ry, InstrµIµent. disÇ9nf.inue~:Fatany·time
prior totheea41e$tof: (a),fiv~'ØaysbefOiesaleof ~e Prqpertyp~I'suantt()'IUl)'pøwer9f,sa1ecoIl~ed ..b1
this: Security,ltistrw:n¢nt;(I:í}such.otherperiOd äs,AppliêäbleI:..aw 'migþt:sp~ify fotthe";feiminatiönof
Borrower.~srightto1'éix1$tátc; (jr(c) en1;tyÞf.a: jUdgm¢nte j,forèing'th~s, SêCUiity· mstrw:nei:1t,Those
condìtionsareihat~q9'>Yer: (1Ì.):,paysLender <1l1 . ~.Yv'hich thcnw:ould:t>e4u¢un,derrJñª'Seçurlty
In$~t and·tl1e''N:ote~s·.ifJlo.~ccèlera;û.on.had. occ~;(b)..·cures·aJ1y.defàl1ll QfaJ1y,:ºther"çovenan~Qr
agreemei1ts;(c)·pays·.all··e~penSesincurred .in.·enforcíng.thisSeLlIrity Instrument.1. mClü4.ingj·..blìtnøt, limited
to. reasotïabJe.;ittÓmeys" fees¡ property inspection ånd Yal~ation fees,ånd . other feeS :incw:redforthè
purpose of pro~iµg'.Lender'~iµtere~t.Ú1thePropenYan4tights W1derthisS~tyI1iSt:rUIIltmt;ånâ<d)
takessuch~tion¡¡SLenderIl}élyreaso~JjlYreq11Íre ~ assurethatLender's interest:in1b.e PrqpenYanCl
rightsunderthiª"~ut:Ìty .Ii:1stJ:utnènt,andBòrr()~e.t'8 .obliga.tion.topay·the:sJlms.·,secµrë(l.QY'this.5çeurity
,InstrUmentf>s~l èOntiriue:uncþanged. Lërider.mayrequirc..thatBòrrowerpay suchreinstàteÏnèIltsumsand
expenses inon~. orw,of¢of the,fól1oWin.g forms,.a.!I,selðcted . byI.;endè.t:, (á)taSh¡~)l1J,QIlèyordet¡ (c)
certiñeâ"ch~k. bapk .çbec~,tteasurer~sc~eçkor,c:iShier·scheck1.provideâ~Y ·sUch.·.·chec1Ciª.,.~wnupon
an institu~on who8edC??osit$'are'inšur~by a feâçraiagcncy, þlstr\lmentality çrent,ity;. orJÇl) Electronic
Fùnds Tram¡f~. lJp0)i r¢iilstäteménrbyBorrower,. thìs.SèClirity IfistrumentAAd oÞligationssecuredhetebÿ
shallremainfu1IYeffçctiv~.a$ ifno~lerat1on.h~.occurred. However, this right. toreihstatesha1lno1
applyiu the~t:Qra~le~ti9P~derSeçtionlg. .... . . '. . .' ." .
20. S4t'1~of~ote;.. Changßoftoan~iç~;l'f0tice.of· Grie'Vanœ~ The:Nqteqr:apartìa1in1et'e~t iÏl
the Note (tög~th~r:With this Se<.'Uritymsttutnent}Canbe.sòld. one ormore'j¡imes With()~t.pd()r..notice. t()
BOIrower.A; sä1e might resUlt in a change:in the entity (known as the ".Loán SerVicet")1hat collects
. PeºodiçJ>aYµ1~ts,<lIle.uIlder the Note.andthis ,~urity' InstrUInentand perfo1Tl1s....othermortgage . loan
servicing. obµg iµ{)nsµnd~the'Not~,.thiSySecurity Instnuncnt, and¡\.pplic::aQle4o/.Thereä1sO'~I1lÌ~t.,be
. one or m()re ¢h¡mg~..Ofth~IjoanServicerUnrelated toa s~e9f theblote~ If tllere"i.$a:change.~ftb,e,l.()an
Servicer,Borrowerwillbe giveii wriitennotiœQf'thechlitlge. Whichwillfìt¡atethenameand ádIiressofthe .
n~ LoanServicer~the,~ss towhichpaymeJitsshould be made and anyotl1èr infonfiaÏion RES.PA
·.·6A(WY)\OOO6ï;oì.'
~
Pøge1t of15
If@;íIS: ~
ronn30!j1 1101
Ü00468
1'equi.r~s, inconneçûon\Vithanotice:o.ftr~erof$ervicing, Ifthe'NoteiS söldandtlleteafterthe LQanis
serviced by al:<>aQSexyicer .·othetthanthe.'ptirchäser'ofthe·N()te,thè:mortg~ge:lòaÎ1,setVicingòbligaûons
t9BQn:~):W~ wlllt~'witJ;Ì.th~Lc:>an,,~eryìcer'or be transfex-redJQ!1,successqr LQan Servie,erancLa,re nQt
assumedbythtNotepurchaserunless:othetwisè.prövidedbrtheNotepurchaser.
Neither Börtower.tlor Lender ~YÇ()mmel1ce;,join,01'bejöi1ledlOjny jUdicial actíöÌl:(aseitheran
indivÎðµa1lìtigantor the member ófa£lass) tbåtarises ItotI1.itfu: ötherparty~sactionspursuånt to this
" - ...-- -"", ....'....., "B""',___ ' ... ," ',", . -_ ..".,.... _".
SecurityJnsttul11t11t 'ör,th¡tt:a11eg~thattheoilierp¡¡rty hà$b~edanYProviSiônøf~ora11Y dutyPwedby
reason o.f, this:SeëÏ1rity, Instrúment, untU'sUchBoÌTQwerorLenderhas notified. the other partY,,(withsuch
noticegiven.41·çompljance withJl¡e requirements of Section 15) of suchlillegeØ breach and afforded the
other party hereto âreasonab.le period after the giving'of SUch notice to take çorrective action: If
ApplicableLa~pI'Q~Îdes,lltùne pedod whí.çlt,muskc1<1pse before cenain acti()ncan betaken, durttiìne
period will be deemed to ber¢ason<í.ÞlefQr pUIpòses. of this p~aph. 'Ihè,µotice of acceleration. a11d
opportunity to cure.~ÌŸento Borro)Verput$~ttoSection22andthe.notice ofaccelê1:aÛon;givenlo'
Bo.rrowerpur$Uant to,Secµpn 18:sbal1 1:>~ deÐìDOO to satiSfy the notice andopportuníty to tåkeçorreçµve
:action provisions of this Sectiòn20.
Zh.Hazardoüs Substances. As. .. ušedinthisSêétion21: . (a) "Hazardous . Sûbstances" .~. those
sij,bstances·defin~·~ t()xjc or h~dous.~uq$I1~s,pol1utants,orwªstesbYEAvjr()nmentallÆ\wand.tJie
fØllowing.subStåíl¡:¢S;gasQ1inet kerösene, Qth~.f1ân'1mäbl~ot toxic'pëttöleum ptoduç~, toxicpestiêid¢s
andherbicidC$,r VQlaû1~sofvents~mait#ia1sCOJltaii'1iDg asbëstÓs or forInald¢hy&,and tadioacti'v,e materials;,
(b)í',EnyjrOIµ1iental.Law' níeans:fè4eraï,Iaws ~dlaws'.oftþe.jurisdiction wJ:t~etl"1e~i~locatç<lthØ1
relate to health. "sâfêtý, ,or ënvironmentâl proteétiÓn;{cì"Envirorimêntal Clea11Üp" . iñcludèsanyj;espönsc'
.8,CtiOJl..reIne(lìäl ,.action', or rem .... '. ovaL action, . asctefin. è4 jnEnvironmentalLaw; and (q;)an "EnvironmentlÙ
. . . ". . .. .
Cø¡¡ditiön" zneansa CoIiQÏtiön .thatêaìîêau~,Cohtribure. to, or othérwisetriggcJ ¡,me Bnviro:nmental
C1êél11up,
. BoìtOwer Shall nOlcauseor:pennit ,theopresence, use, disposal. storage, órre1ease of any. Hazardous:
Substa11ces,.ortÌ1reätentorelcl)$eany Hazar@l1sSuQsta11ces,on or in the ProPerty .:aQrtowtrshall notdOJ
nör.a110w~yone else'lo:do, anytbi1lg affecting thePropêrty (á)that:isinViolationofanyEnviroínnental
£.aw ,(bJ. whiclt ,creat~:a,nJal1virc>D,Inel1ta1Co.ç,dition, or (clWhich,duetoØ1epr~ence,us~, ;ºr~leaseof: a
HazardouSSubstaI'1ce,creáteS.aëonditiÓn..1hatadversely···áffects·theivalueofthë:]>roþerty....TbeprèCeding
t\v0sentencesshalt;ç()taP1>IY JOitþ.e pres~µ~, u~, or storage olltþeProperíyof ~1 qUa11titíes~f
Håzardou$S.ub$tanc~ th.at are;generally ~eGògr¡.îzed.~o:·be .apptopriatë'töÌlOrtna,l íe$i!f~tia1 uSes "and to
maJ.ntenanceøf the Property(incl1idirig~butnoflimited ·tç,hazardous81lbsrilncesínconsumerprodUctS).
BorrowershaUpíoìDpt1:y give LendétWritten noticeöf(a? anY,jn-vestig,ation, claim, demand, lawsuit
o.r'o.theractionþy¡,my, g9venunCIital orreguïatOryâgep~y o,rpIivatëplU'ty ,i1lvolyi1lg'thë~oþerty and any,
Hâiatdoù&.Substãnce orEnvitønmenUll Law ,ofwbich BorrowetbaS ...~kn()wlèdge. (b)äny
Envirori1nentaI',Condition,including'but ;notlUnitedto.any spillingj.leaking.:discl1i1rge,¡ ie~e'or .tl1teatof
release,of any.fI~dou~ SUQstance,3D:4 (c) any ~nditîQµ çause4 by the presen,ce, µse..or release ora
Haïatdoûs,,$Übstance. which advetselyaffeëts;:thé value of the Property; IfBorrowerlearns,or'isnotified:
Þy 3D:y,govertrgJent¡¡J' orre~atQrYap~o1ity,9r ~ypr.iva+ep~y, $atmy ,tenlQval()r other ~ediatíon
ofanyIbzaraous.Sub$tanCê,af'feétin~.the·Propertyjsnecessqry.,Bp:l;I'oWet,$hallproD;1ptly·. take,allneçessary
re1I1édialactionS ÎnaccORJance WithEnviro~fit:a1 'Lá\,,~ NòthinghereÍjI shall ttèAte·· ånY 'òbHgation on
J..enderfQran"EnYìro~t:a1Cleaìlup.
......-6A(WY)jOö\)!ìI;02
.~
P,g..·12 ot 16
Jnllltds.:~
Form30S1 1/01
000469
NON-UNlFORMCOVENAN'TS.BorrowerandLender further covenantand.á¡t'ée ,as'fQllows;
22·,Acçderation;ReJA~tUes.~Ø~;Sþall~venotìceloBorrÔWeiprior'to"a~de.ratj,~n,following,
B011'Ower!sþrêa£h ~fany cO;Ve1181ltor~~~t. iilthis $ecurity~ent(þ,Jl~'not Pl"lor to
"acœl~ti~J:lun~~OJ:l 'l~~essApplica,))I~~awpro,vi<1es,oth~eJ. 1'he'119t!cesf)~II,'sp(!(:Îty:",(~)
tht4efault;,(b)theacüon, reqµindto"(:11re,tbe,defaµlt;,(c) a, ~t~,.D()t 1~tban3Q,daY$f't()mlhedate'
the notiçeJs,;giVèn ,to BOlTOW$;; by WhiCh tbttdefaùlt 1DU$t be CiIl"ed; Il1id '(d);tl1åtfaib.ì~;,tôctfitèthe
'default"oDor before 'the datê'speCifiedÙ1the,notiêeií:naY,resultm ,acceleràüònofthe-sUßJS',SèCuredJ)y
tbisSèCurity InstrmïïéJít and såIe;of"the,lTopen;ÿ;.,The notice šha.U1'ùrthermform Borrower of thë
right to rebÌsmteafterâcceleration andtherighfto briI1g a "court acti'onto 'asseFt'thenon"'eXistence,óf
a dèfàuIf9r any,~therdefenseöfÐorro)YerJoaccelerati()Dandsale. '~f,thedetaultis.XIotc1lred()n' or
before; thedaÙ:.'s~fied,în·the,D()tice",Leß{lera:ti~;()p~oD 'maY' req~,~~te..,ªymen.tin'fúllJ)f
1ill,Su,ms.S~bY~,~urlty~entwitb9lJt(\µ1herde1naµ4 ~dmaylnvøketþepowerof
'$;µe and any 'ot~erreme(IÌe§p~tted;I>YAppUcttbleLaw.L~der:$baUbe;entû1ed to',çolleet,a11
'expenses inc.umdin pursuing:th~,tetn~esprovidedù:i.this, Section 22, inçlu<Ungtbut:,nöt1imitedtø~
l'wonablc·atto.rneys' feesand,costsof"titleevidence.
1fLen<lerinvòk~~,þowetofsale, Lender,shallgive.notiçeof,ínt~tto forecloscftoBorrcnver'
arid to thè~]]' inpøssessionot the Proptrty, ìfdiffel"mt,h1IlCCQrd~i1ce:'!ithAppli¢ableLaw.
Lender.shaJl:gi~e,Dºti,ceott.he'SiÙe toBorr,o'Wer;mthemanner.p+9~c:lecJ"in,Section 15~,J:;.~nª~~lt@
puþJishthe notîçe ofsaJ.e,~dth~Property ~,,1:t~ sol~in,tbe'lIlaDDC! prescri.~1:tyApplicablej
.Law.Lenderorîtsdt,!Sign~,IAAypur~cttbeP.r:o~~tany,sale." '.the,proc~~orthe salesbQlJbe
applied in the foUowlng:,otder;(al<,tôallexpenséSof'tbe ;saIe, in¢l4dÎt!g,hut,no( lißñtedt(),
;ttaso.XIable,attotnèys'.fees;(b) to, all sums secured b;ÿ; 'this SèCurityIi:tStrumènt;and(¢)ânyexcesS tõ
the, person ofPmonsJeg'ällyentitIedtøjt
23~Rel~se.Upon paymeIltofall sU1nSSêCured, b),' this Security Instrumeî;1t; Len4er S1Ia11 rêl~e this.
.securityInstruJn~nt., Bqrr(}w~r.sha11payany :recorªati()ncos~.I..ç~der;tlUiYchargeB()rro,\V~ra f~ for
rçlçasingthis;~rity J]]s~Pt. butonlyif·~e. fçeigpaid.,·tp.ª.thirdJ?~.fOf:'.services.~nd.~redandthe'
.cÞWgiIlg9ftheJçe'is··pÇt:t:Q.ittç<l:under· Appli~l~.·l;;I.iw.
24. Waivet's~BoÍ1'ówer. releQS~ and Waives all tights under and, Þy "Vitfi¡.tf of·· the homestead
ex:eìl1pûonlawsofWyomin~. .
,~.6AIWYI (00051,02
P~8 i30tu:;
In.!tiªls,/a¡;
Form, 3051 1!Q,1
000470
B¥SIGI'll~ß BELOW. Bon:ower Q.cc~tsllI1d"agr~tothe~t'I11S'andcClvenants;çonJ~J:1~inthis
SecurityInstt11l1ientandi11anyRider'e"ecutt~dby 'BQnowerandtecor@d\VithJt.
Witnesses:
(Se:a1)
-:ß()l1\)wet
(SeM)
-~oI]'Q~er
(Seål)
';B9rrow~1'
'000681058181
_-6A('lffl,, OO05!..02
(~~)
-Borrowèl'
;7t~7j;,?Æ" ;?~ì
-Borrower
MICHAEEL.RAY'SAI! (;~ '
~OYEMBeR23¡2()ß4,,rvt ",
'OCAS4EJRUfiT,DA:rEÒ " .
'!FtÄY~Néflgz.,~l¡IS;tEE
(Seal)
-BorroWer
(~)
-Borrower
(Seal)
-Borrower
l'age14 91, 15
Form 3051 1/01
STATEOFWYQMING,
The fOÏ'égöing iristrümenfwas,aclmowleâged beforeroêtbis
by kl ÓIt1 t l rL~ ~ C; ~~ -z... "
My C9mmisslon.Expires: ~ ~ lll?ß l D
LAUNI NEWMAN - NOTARY PUBLIC ~
(
C~unty of ~ State of ~
Uncoln . . .., WYlming;'
,"~~MIS.:'~~~~~
~~6~(WYl'f?0( ~ .,02
ú00471
L \' v1 CD [ VV Countyss:
ttl-d ()~ (sØJe~ J~ óf-
. -A-retl¡ 'L aÚ (j: )
~~ncVUW~
. UlUN 1 !U8wMIlN
PIIg" 1 G Øf15
Init[ÐIS:¡tÍJt'>
t:1)I'tt130,51 1io,1,
Form No. 3301 (6100)
Short Form Commitment, EAGLE
SUPER EAGLE
ORDER NO: 5387057
FILE NO: 36762595
LENDER REF: 000687058181
000472
Exhibit "A"
The land referred to in this policy is situated in the STATE OF WYOMING, COUNTY OF
LINCOLN, CITY OF FAIRVIEW, and described as follows:
A PORTION OF THE NE1/4 SW 1/4 OF SECTION 9, T31N R1l9W OF THE 6TH P.M., LINCOLN
COUNTY, WYOMING LOCATED WEST OF CROW CREEK COUNTY ROAD 12-141 AND BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON A 971.186 FOOT RADIUS CURVE IN THE CENTER LINE OF THE CROW
CREEK LINCOLN COUNTY ROAD 12-141, SAID POINT BEING N 13° 15'27" W, 1585.31 FEET FROM
THE SOUTH QUARTER CORNER OF SAID SECTION 9, ALSO SOUTHERLY ALONG SAID CURVE AN
ARC DISTANCE OF 288.27 FEET THROUGH A CENTRAL ANGLE OF 17°00'24" FROM THE NORTH
END OF SAID CURVE, (PC STATION 38+69.03);
THENCE RUNNING S 89°45'W, ALONG THE NORTH LINE AND THE EASTERLY AND WESTERLY
PROLONGATION OF THE PROPERTY DESCRIBED IN QUITCLAIM DEED RECORDED IN BOOK
234PR ON PAGE 98 OF THE RECORDS OF THE LINCOLN COUNTY CLERK, 336.81 FEET;
THENCE NORTH 380.90 FEET;
THENCE N 89°58'08" E, 371.97 FEET TO SAID CENTER LINE OF SAID COUNTY ROAD; THENCE S 11 °
41'15" E, ALONG LAS SID CENTER LINE 94.83 FEET TO SAID NORTH END OF SAID 971.186 FOOT
RADIUS CURVE; THENCE RUNNING SOUTHERLY ALONG LAST SAID CURVE THROUGH A
CENTRAL ANGLE OF 17°00'24" AN ARC DISTANCE OF 288.27 FEET TO THE POINT OF BEGINNING.
APN # 31190930034300