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HomeMy WebLinkAbout938502 Recording Requested by & When Recorded Return To: US Recordings, Inc. 2925 Country Drive Ste 201 St. Paul, MN 55117 RECEIVED 4/25/2008 at 2:07 PM RECEIVING # 938502 BOOK: 692 ..PAGE: 820 JEANNE WAGNER LINCOLN COUNTYÇLERK, KEMMERER, WY ì¡f1./ 7 {¡ 7.iP ~~6 - 213+ 000820 [Space Above This Line For Recording Data] ÎOM¿P¡f5&t~E ~IN 100055401293177921 DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18,20 and 21. Certain rules regarding the usage of words used in tlns document are also provided in Section 16. 1 "JO J ¿ ¡ (A) "Security Instl1lment" means this document, which is dated together with all Riders to tillS document. April 12, 2008 (B) "Borrower" is MAX P. RENZI AND MARIA A. RENZI, HUSBAND AND WIFE , ),üi,tJ 1,,,'1 tu.' . .'\' I I Y ,,\, ,~ ~. If (C) "~ERS" is Mortgage ElectrOlllc Registration Systems, Inc. MERS is a separate corporation tIlat is acting solely as a nominee for Lender and Lender's successors and assigns. ~ERS is the mOl1gagee under this Security Instl1lment. MERS is organized and existing tu1der tile laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. . Borrower is tile mortgagor tu1der tillS Security Instnunent. (D) "Len del'" is INDYMAC BANK, F. S . B., A FEDERALLY CHARTERED SAVINGS BANK Lender is a Federal United States of America PASADENA, CA 91101 Loan No: 129317792 Wyoming Moltgage-Single Family-Famúe Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 1 ofl4 www.compliancesollIcecom IIIIIII~I" ~IIIIIIII ~llIil!"~ "11111~!lIlIIllllllllilm Savings Bank organized and existing under tile laws of . Lender's address is 155 NORTH LAKE AVENlÆ, MERS Modified Form 3051 01101 14301WY 08/00 02000, The Compliance Source, Inc. 000821. (E) "Note" means the promissory note signed by Borrower and dated April 12, 2008 The Note states that Borrower owes Lender three hundred. twenty thousand and NO/100ths Dollars (US. $ 320,000.00) plus interest Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1, 2038 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due wIder this Security Instrument, plus interest (II) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable}: o Adjustable Rate Rider o Balloon Rider o 1-4 Family Rider o Other(s) [specify} o Condominium Rider o Planned Unit Development Rider o Revocable Trust Rider o Second Home Rider o Biweekly Payment Rider (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and adnùnistrative nùes and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominiwn association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic tenninal, telephOlùc instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account Such tenn includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers i1ùtiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid wIder the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) nùsrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Moligage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest wIder the Note, plus (ii) any amounts under Section 3 oft1ùs Security Instrument. Loan No: 129317792 Wyoming Mortgage-Single Family-FalUúe Mae/Frelldie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 2 of 14 www.compliaIlcesource.com 11111111111111111 ~I" ~~ 1111 1m IIIIIIIIIIIIIIII~III~ IIII1III1 MERS Modified FOI"ß13051 01101 14JOIWY 08/00 02000,11\e Compliance Source, Inc. 000822 (P) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. §260l et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in tIllS Security Instrument, "RESP A" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESP A. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or tIlÌs Security Instnunent. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of tlle Note; and (ii) tile performance of Borrower's covenants and agreements lUlder tIús Security Instrument and the Note. For tIús purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to tile successors and assigns ofMERS, with power of sale. tile following described property located in tile County of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] SEE EXHIBIT A ATrACHED HEREm AND MADE A PART HEREOF which currently has the address of AUBURN , Wyoming 1241 TOMS CANYON ROAD [Street] 83111 ("Property Address"): [Zip Code] [City] TOGETHER WITH all the improvements now or hereafter erected on tile property, and all easements, appurtenances, and fixtmes now or hereafter a part of the property. All replacements and additions shall also be covered by tllÌs Security Instnunent. All ofthe foregoing is referred to in tIlÌs Security Instrument as the "Property." Borrower understands and agrees tlmt MERS holds only legal title to tlle interests granted by Borrower in tlús Security Instnunent, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has tlle right: to exercise any or all of those interests, including, but not limited to, tlle right to foreclose and sell tlle Property; and to take any action required of Lender including, but not limited to, releasing and canceling tIús Security Instnunent. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and tlmt tile Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. Loan No: 129317792 Wyoming MOItgage-Single Family-Fannie Mae/Fœddle Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 3 of 14 www.compliallcesourcecom I~I~I 1111 ~I~ 11111 ~II ~I~ III! IIIIII~I ill 1111 ~~ IIIilW MERS Modified Form 3051 01101 14301WY 08/00 02000, The Compliance Source, [nc 000823 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covemmts with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instmment shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instmment is retooled to Lender unpaid, Lender may require that any or all subsequent payments due Imder the Note and this Security Instnunent be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or caslúer's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instnunentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights herewlder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on wlapplied fimds. Lender may hold such unapplied fill1ds mltil Borrower makes payment to bring the Loan current. If Borrower does not do so wit1ún a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance wIder the Note immediately prior to. foreclosure. No offset or claim wlúch Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and tlús Security Instnullent or perfonlling tlle covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otllerwise described in tlús Section 2, all payments accepted and applied by Lender shall be applied in tlle following order of priority: (a) interest due wIder tlle Note; (b) principal due under tlle Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in tlle order in wlúch it became due. Any remaining amounts shall be applied fIrst to late charges, second . to any other amounts due Imder tllÌs Security Instnullent, and then to reduce tlle principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suffIcient amount to pay any late charge due, the payment may be applied to the delinquent payment and tlle late charge. If more tllan one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to tlle repayment of the Periodic Payments if, and to the extent tllat, each payment can be paid in full. To the extent tllat any excess exists after tlle payment is applied to tlle full payment of one or more Periodic Payments, such excess may be applied to any late charges' due. Voluntary prepayments shall be applied fIrst to any prepayment charges and tllen as described in tlle Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due lU1der tlle Note shall not extend or postpone tlle due date, or change tlle anlount, of tlle Periodic Payments. 3. Funds for Escl'ow Items. Borrower shall pay to Lender on tlle day Periodic Payments are due lU1der tlle Note, until tlle Note is paid in full, a swn (tlle "Funds") to provide for payment of amounts due for: (a) taxes and assessments and otller items wllÌch can attain priority over tllÌs Security Instnunent as a lien or encumbrance on tlle Property; (b) leasehold payments or ground rents on tlle Property, if any; (c) premilUns for any and all insurance required by Lender Imder Section 5; and (d) Mortgage Insurance prenúums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiwns in accordance with tlle provisions of Section 10. These items are called "Escrow Items." At origination or at any time during tlle term of the Loan, Lender may require tlmt COlmnUl1ity Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, Loan No: 129317792 Wyoming Mortgage-Single Fal11ily-Famue Mae/Fl'eddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 4 of14 mvw.compliancesource.corn IIIIIII illl !III ~II illl~l~ IIII ~IIIIIII i~ IIIU~i IIII IIII MERS Modified Form 3051 01101 HJOIWY 08/00 02000,l1\c Compliance Sowce, Inc. 000824 and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly fumish to Lender all notices of amounts to be paid llilder tlns Section. Borrower shall pay Lender the Funds for Escrow Items mùess Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Fllilds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender reqlÙres, shall funnsh to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in tllÌs Security Instrument, as tile phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender lllay exercise its rights llilder Section 9 and pay such amount and Borrower shall then be obligated lmder Section 9 to repay to Lender any such alllount Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amollilts, tllat are then required llilder this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to pertuit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximlUn amount a lender can require lUlder RESP A. Lender shall estimate tile amount of Funds due on tile basis of current data and reasonable estimates of expenditures of future Escrow Items or otllerwise in accordance with Applicable Law. The Fllilds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply tile Funds to pay the Escrow Items no later tllan tile time specified under RESP A Lender shall not charge Borrower for holding and applying tile Funds, annually analyzing the escrow account, or verifying tile Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law reqlÙres interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or eamings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an élIIDual accounting of the Fmlds as required by RESP A. If there is a surplus of Funds held in escrow, as defined under RESP A, Lender shall account to Borrower for the excess funds in accordélllce with RESP A If tllere is a shortage of Funds held in escrow, as defined under RESP A, Lender shall notify Borrower as required by RESP A, élIld Borrower shall pay to Lender the élInount necessary to make up the shortage in accordance witll RESP A, but in no more tllaIl 12 montlùy payments. If tllere is a deficiency of Funds held in escrow, as defined under RESP A, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESP A, but in no more tllan 12 montlùy payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Fllilds held by Lender. 4. Charges; Lie s. Borrower shall pay all taxes, assessments, charges, fmes, élIld impositions attributable to the Property hich can attain priority over tins Security Instrument, leasehold payments or ground rents on tile Property, if any and Commllinty Association Dues, Fees, and Assessments, if any. To the extent tlmt tllese items are Escrow Item , Borrower shall pay them in tile manner provided in Section 3. Borrower shall pr mptIy discharge élIlY lien which has priority over tins Security Instrument unless Borrower: (a) agrees in writing to tile payment of the obligation secured by tile lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests tlle lien in good faitll by, or defends against enforcement of the lien in, legal proceedings wInch in Lender's opinion operate to prevent tile enforcement of the lien while tIlOse proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien élII agreement satisfactory to Lender subordinating tile lien to tins Security Instrument If Lender detennines that élIlY part of the Property is subject to a lien which can attain priority over tins Security Instnunent, Lender may give Borrower a notice identifying tile lien. Witl1Ì1110 days of the date on wInch Loan No: 129317792 W)'omillg MOl1gage-Single Family-FalUlÌe Mae/Freddie Mac UNIFORM INSTRUMENT - TlŒ COMPLIANCE SOURCE, INC.- Page 5 of 14 IVWW .compli3J1CeSowce.com IIIIIIIIIIIIII~IIIIII ;IIII~ 1111111111100 IIIIIII111111111111 MERS Modified FOl1ll 3051 01101 14301WY 08/00 02000, The Compliance Source, Inc. 000825 that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate ta.'( verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the PropertY insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires purSlkl1lt to the preceding sentences can change during the tenll of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in cOlmection with tlùs Loan, eitller: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such deternùnation or certification. Borrower shall also be responsible for tlle payment of any fees imposed by the Federal Emergency Management Agency in connection Witll the review of any flood zone deternùnation resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in tlle Property, or the contents ofthe Property, against any risk, hazard or liability and might provide greater or lesser coverage tllan was previously in effect. Borrower acknowledges that tlle cost of the insurance coverage so obtained nùght sigllificantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender lUlder tlùs Section 5 shall become additional debt of Borrower secured by tlùs Security Instrument These amounts shall bear interest at tlle Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiunls and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have tile right to hold such insurance proceeds until Lender has had an opportw1Ìty to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for tlle repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or eanùngs on such proceeds. Fees for public adjusters, or other tlùrd parties, retained by Borrower shall not be paid out of the Ì1lsurmlce proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, tlle insurmlce proceeds shall be applied to tlle sums secured by this Security Instnunent, whether or not then due, with tile excess, if any, paid to Borrower. Such Ì1lsurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate mId settle any available insurmlce claim mId related matters. If Borrower does not respond witlùn 30 days to a notice from Lender tlmt the insurance carrier Ims Loan No: 129317792 WJ'omi.l1g M0I1gage-Single Family-FalUúe Mae/Frelldie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 6 of 14 www.comPliancesource.comllllllllllll~IIIIIIIIII~1 ~lllllilllllllll~ III! 1m MERS Modifiell Fonn 3051 01101 J4JOIWY 08/00 02000, 11\e Compliance Source. Inc ù()0826 offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instnunent, and (b) any other of Borrower's rights (other than the right to any refund of uneamed premiU1l1s paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Proper!:)' or to pay amounts wlpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy., Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, wlùch consent shall not be unreasonably witlùleld, or wlless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Propeliy; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or comnùt waste on the Property. Whether or not Borrower is residing in the Property, Borrower sha1lmaintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. U1ùess it is detemlined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at tlle time of or prior to such an interior inspection specifying such reasonable cause. 8. BOrI·ower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at tlle direction of Borrower or witll Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender ,vith material information) in cOlUlection with the Loan. Material representations include, but are not limited to. representations concenling Bcmower's occupancy of the Property as Borrower's principal residence, 9. Protection of Lender's Interest in the Propeliy and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in tlùs Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in tlle Property and/or rights under tlùs Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over tlùs Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned tlle Property, tllen Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in tlle Property and rights under tlùs Security Instrument, including protecting and/or assessing tlle value of tlle Property, and securing and/or repairing tlle Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien wllich has priority over tlùs Security Instrument; (b) appearing in court; and (c) paying reasonable attomeys' fees to protect its interest in tlle Property and/or rights under tlùs Security Instrument, including its secured position in a bankruptcy proceeding. Securing tlle Property includes, but is not linùted to, entering tlle Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or otller code violations or dangerous conditions, and have utilities tumed on or off Although Lender may take action under tllis Section 9, Lender does not have to do so and is not tmder any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions autllOrized under tlùs Section 9. Loan No: 129317792 W)'oming M0l1gagc-Sillgle Family-Famue Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 7 of 14 www.compliOJlce5ourceCOl1l IIIIIII ~III illllllll illlmllll ~IIIII~ 1IIIIIi IIIII1III11I1 MERS Modilleli Form 3051 01/01 14JOIWY 08100 02000, TIle Compliance Source, Inc. 000827 Any amounts disbursed by Lender wIder tins Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amowlts shall bear interest at the Note rate from tile date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If tins Security Instrument is on a leasehold, Borrower shall comply with all tile provisions of the lease. If Borrower acquires fee title to tile Property, tile leasehold and the fee title shall not merge wùess Lender agrees to tile merger'in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain tile Mortgage Insurance in effect. If, for any reason, tile Mortgage Insurance coverage required by Lender ceases to be available from tile mortgage insurer tIlat previously provided such insurance and Borrower was required to make separately designated payments toward tile premimns for Mortgage Insurance, Borrower shall pay the premiwns required to obtain coverage substantially equivalent to tile Mortgage Insurance previously in effect, at a cost substantially equivalent to tile cost to Borrower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments tlmt were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain tIlese payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwitIlstanding tile fact that tile Loan is tùtimately paid in full, and Lender shall not be required to pay Borrower any interest or eannngs on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the anlount and for tile period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward tile prennmns for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making tile Loan and Borrower was required to make separately designated payments toward tile premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance Witll any written agreement between Borrower and Lend¡;:r providing for such tenllination or until tenllination is required by Applicable Law. Nothing in tI1Ís Section 10 affects Borrower's obligation to pay interest at tile rate provided in tile Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements Witll other parties tIlat share or modify their risk, or reduce losses. These agreements are on terms and conditions tlmt are satisfactory to the mortgage insurer and tile other party (or parties) to these agreements. These agreements may require tile mortgage insurer to make payments using any source of funds timt the mortgage insurer may have available (wInch may include funds obtained from Mortgage Insurance premiwns). As a result of these agreements, Lender, any purchaser of the Note, anotller insurer, any reinsurer, any other entity. or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts tIlat derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying tile mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the prenùums paid to tile insurer, the arrangement is often tenlled "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for M0I1gage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Bon'ower will owe fOl' M0I1gage Insurance, and they will not entitle Borrower to any refund. (b) Any such agl'eements will not affect the rights Borrower has - if any - with I'espect to the MOI'tgage Insurance under the Homeownel's Protection Act of 1998 or any other law. These rights may include the right to receive cel1ain disclosures, to request and obtain cancellation of the M0I1gage Insurance, to have the MOl1gage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. Loan No: 129317792 Wyoming M0I1gage-Single Family-FalUùe Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE. INC.- Page 8 of 14 ,,"YW .cQl11pliancesQurcecolll I ~IIIIIIIII ~IIIIIII ~III il~lm IIIIIII~IIIIIIII~ IIIII II1II 1m MERS Modified Form 3051 01101 14JOIWY 08/00 02000, TIle Compliance Source, Inc. OOOS28 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for tlle repairs and restoration in a single disbursement or in a series of progress payments as tlle work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or eamings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, tlle Miscellaneous Proceeds shall be applied to tlle sums secured by tlÚs Security Instrument, whether or not tllen due, with tlle excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in tlle order provided for in Section 2. In tlle event of a total taking, destruction, or loss in value of tlle Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not tllen due, Witll tlle excess, if any, paid to Borrower. In tlle event of a partial taking, destruction, or loss in value of the Property in which tlle fair market value of tlle Property immediately before tlle partial taking, destruction, or loss in value is equal to or greater tllélll tlle amowlt of the stuns secured by tlÚs Sècurity Instrument inunediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, tlle sums secured by this Security Instrument shall be reduced by the amount of tlle Miscellaneous Proceeds multiplied by tlle following fraction: (a) the total éIlnount of the stuns secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before tlle partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In tlle event of a partial taking, destruction, or loss in value of tlle Property in which tlle fair market value of tlle Property immediately before tlle partial taking, destruction, or loss in value is less tllan tlle amOlmt of tlle sums secured inunediately before tlle partial taking, destruction, or loss in value, wùess Borrower and Lender otherwise agree in writing, tlle Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not tlle swns are tllen due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower tlmt tlle Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender witlùn 30 days after the date the notice is given, Lender is autllorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to tlle swns secured by tlÚs Security Instnunent, whetller or not then due. "Opposing Party" means tlle tlÚrd party that owes Borrower Miscellaneous Proceeds or tlle party against whom Borrower has a right of action in regard to Miscelléllleous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun tllat, in Lender's judgment, could result in forfeiture of the Property or other material impainnent of Lender's interest in the Property or rights wIder this Security Instnunent. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling tllat, in Lender's judgment, precludes forfeiture of the Property or other material impainnent of Lender's interest in tlle Property or rights under tlùs Security Instnunent. TIle proceeds of any award or claim for déllllages that are attributable to tlle impainllent of Lender's interest in tlle Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of tlle Property shall be applied in tlle order provided for in Section 2. 12. Borl'ower Not Released; Forbearance By Lender Not a Waiver, Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or éIllY Successor in Interest of Borrower shall not operate to release the liability of Borrower or éIllY Successors in Interest of Borrower. Lender shall not be required to commence proceedings against éIllY Successor in Interest of Loan No: 129317792 Wyonúng MOItgnge-Single Family-Fnmúe Mne/F¡'elldie Mnc UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Pnge 9 of 14 www.eompli8neesowee.eom 1111111 illl illllllll ~IIII~III~ 1IIIIIIil ~III'I~ ~I~ Illi III' MERS Modified F0I111 3051 01101 14301WY 08/00 02000, The Compli8/lce Sowee, Inc. 000829 Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by tlllS Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, WitllOut limitation, Lender's acceptance of payments from tllird persons, entities or Successors in Interest of Borrower or in amOlmts less than the amOlmt tllen due, shall not be a waiver of or preclude tlle exercise of any right or remedy. . 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees tllat Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs tllis Security Instnuuent but does not execute the Note (a "co-signer"): (a) is co-signing tllls Security Instrument only to mortgage, grant and convey the co-signer's interest in tlle Property under tlle tenus oft1ùs Security Instrument; (b) is not personally obligated to pay the sums secured by tIùs Security Instrwnent; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to tlle terms of this Security Instnllllent or tlle Note witllOut tIle co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations wlder tlùs Security Instnll1lent in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under tIllS Security Instrwnent. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument wlless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in cOIDlection witIl Borrower's default, for tIle purpose of protecting Lender's interest in tIle Property and rights wlder tllis Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express autllority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and tImt law is finally interpreted so that the interest or other loan charges collected or to be collected in cOlUlection with tIle Loan exceed the penuitted linùts, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the pernùtted linùt; and (b) éUlY Sl1lns already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make tllis refund by reducing the principal owed under tIle Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whetller or not a prepayment charge is provided for under tlle Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in cOlUlection with tlùs Security Instrument must be in writmg. Any notice to Borrower in cOlUlection witIl tlùs Security Instrwnent shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other meéUlS. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otIlerwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptIy notify Lender of Borrower's chéUlge of address. If Lender specifies a procedure for reporting Borrower's change of address, tllen Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under tllis Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein wùess Lender has designated anotller address by notice to Borrower. Any notice in cOlUlection witll tlùs Security Instrument slmll not be deemed to have been given to Lender lmtil actually received by Lender. If any notice required by this Security Instnll1lent is also required lUlder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under tlùs Security Instrument. 16. Governing Law; Severability; Rules of Construction. Tlùs Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained Loan No: 129317792 Wyoming MOI-tgage-Single Family-Famùe Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 10 of 14 www.comPliancesource.coml~1111 ~III ~III ~IIIIII ~IIIII~ 111111111 ~IIII~ II~IIIIIIIII MERS MOllified Fonll 3051 01101 J4JOIWY 08/00 02000. TIle Compliance Source, Inc. 000830 in this Security Instnul1ent are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect otller provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. . As used in tllis Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy oftlle Note and ofthis Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Bon·ower. As used in tIns Section 18, "Interest in the Property" means any legal or beneficial interest in tIle Property, including, but not limited to, tIlOse beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, tIle intent of which is tIle transfer of title by Borrower at a future date to a purchaser. If all or any part of tlle Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all SWllS secured by this Security Instrument. However, tIns option shall not be exercised by Lender if such exercise is prolnbited by Applicable Law. If Lender exercises tIns option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from tIle date tIle notice is given in accordance with Section 15 within wInch Borrower must pay all Silll1S secured by tIns Security Instrument. If Borrower fails to pay tIlese sums prior to the expiration of tIns period, Lender may invoke any remedies pennitted by tIns Security Instrument Wit1lout further notice or demand on Borrower. 19. BOl"I"ower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have tIle right to have enforcement of this Security Instnullent discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instnul1ent; (b) such other period as Applicable Law might specify for tIle termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing tIns Security Instnul1ent. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and tIle Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in emorcing tIlis Security Instnullent, including, but not linnted to, reasonable attorneys' fees, property inspection and valuation fees, and otIler fees incurred for the purpose of protecting Lender's interest in the Property and rights ooder tI1Ís Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in tIle Property and rights under tins Security Instnullent, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue wlchéU1ged. Lender may require tImt Borrower pay such reinstatement SillllS and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instnullentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instnullent and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in tIle case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in tile Note (together WitIl tins Security Instnul1ent) can be sold one or more times WitIlout prior notice to Borrower. A sale might result in a change in .tIle entity (known as tile "Loan Servicer") tImt collects Periodic Payments due under tile Note and tins Security Instrwl1ent and performs other mortgage loan servicing obligations under the Note, this Security Instnunent, and Applicable Law. There also might be one or more changes of the Loan Servicer wlfelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state tIle name and address of the new Loan Servicer, tile address to which payments should be made and any other imormation RESPA requires in cOlUlection with a notice of transfer of servicing. If the Note is sold and tIlereafter tile Loan is serviced by a Loan Servicer other tIlan tIle purchaser of the Note, tIle mortgage loan servicing Loan No: 129317792 W)'onúllg M0I1gage-Single Family-Famúe Mae/Freddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 11of 14 www.compliancesowcecom IIIIIII ~IIIIIIIIIIIII ~II!IIIIIIIIIIIII~I III III! IIIIIII!IIII MERS Modified FOI"ll\ 3051 01101 14JOIWY 08/00 02000. TIle Compliance Source, Inc. 000831 obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser wlless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instnullent or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, wltil such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a rensonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportwnty to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in tlns Section 21: (a) "Hazardous Substances" are tllose substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and tlle following substances: gasoline, kerosene, otller flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where tlle Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Enviromnental Condition" means a condition tllat can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or pernùt tlle presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in tlle Property. Borrower shall not do, nor allow anyone else to do, anything affecting tlle Property (a) that is in violation of any Environmental Law, (b) wInch creates an Environmental Condition, or (c) which, due to tlle presence, use, or release of a Hazardous Substance, creates a condition tllat adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on tlle Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nonnal residential uses and to maintenance of the Property (including, but not linnted to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any govermllental or regulatory agency or private party involving tlle Property and any Hazardous Substance or Environmental taw of which Borrower has actual knowledge, (b) any Environmental Condition, including but not linnted to, any spilling, leaking, discharge, release or tbreat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any govermllental or regulatory autllority, or any private party, that any removal or other remediation of any Hazardous Substance affecting tlle Property is necessary, Borrov:er shall promptly take all necessary remedial actions in accordance with Environmental Law. Notlling herein shall create any obligation on Lender for an Enviromnental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: . 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's b.-each of any covenant or agreement in this Security Instrument (but not I)rior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days fl'om the date the notice is given to Bon'ower, by which the default must be cured; and (d) that failure to cUl'e the default on 01' before the date SIJecified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further info I'm Borrower of the right to reinstate after acceleration and the right to bring a cOUli action to asseli the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the. notice, Lender at its Loan No: 129317792 Wyoming M0I1gnge-Single Family-Famúe Mae/Freddie Mnc UNIFORM: INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 12 of14 www.comptiancesourcecom 1111111 ~III ~IIIIIIII ~II ~I~ IIIIIIIIIIII~I illlll~ I1II1IIII111 MERS Modified Form 3051 01101 14JOIWY 08100 02000, The Compliance Source, Inc. A Ù00832 option may require immediate IJayment in full of all sums secured by this Secul"ity Instrument without fUl1:her demand and may involœ the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in IJUrsuing the remedies provided in this Section 22, including, but not limited to, reasonable attomeys' fees and costs of title evidence. If Lender invol{es the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the )eí-sOn in possession of the Propel1:y, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, alld the Propel1:y shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the PI'operty at any sale. The proceeds of the sale shall be applied in the following m'der: (a) to all eXlJenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a tIùrd party for services rendered and tile charging of the fee is pernùtted tmder Applicable Law. 24. Waivers. Borrower releases and waives all rights tmder and by virtue of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the tenus and covenants contained in tIùs Security Instrument and in any Rider executed by Borrower and recorded with it Witnesses: ........,'"..., (Seal) -Borrower Printed Name: [please Complete] ~.~~ MARIA A. RENZI ) (Seal) -BolTower Printed Name: [Please Complete] (Seal) -Borrower (Seal) -BolTower [Acknowledgment on Following Page] Loan No: 129317792 Wyoming Mortgage-Single Fal1lily-FaJUùe Mae/Fl"elhlie Mac UNIFORM INSTRUMENT - TlŒ COMPLIANCE SOURCE, INC.- Page 13 of14 www.comPliancesoUIce.comlllllllllllllllll ~III illl ~llllllllllIIllllllllllllli 1111111111111 MERS Modifiell Fonll 3051 01/01 14301WY 08/00 02000,11.. Compliance Source, Inc. State of LDli 0 ('r\ ~ County of L L~ Co \ n § § § 000833 Before me the lmdersigned authority, on this day personally appeared MARL1. A. BENZ I MAX P. RENZI and known to me (or proved to me through an identity card or other document) to be the person(s) whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she/they executed the same for the purposes and consideration therein express9\,_ _. /I 9' . . I ;)+~ d~y ~'~ ~tJ{)O, , TERESA K. ANDERSON· NOTARY PUBLIC '/1 n rJ '" . / / /J.. II ^ ^_ ~&m\}of State of _JL.Iu¿/~~U.tG-~ Lincoln Wyoming Notary Public My Commission Expires September 22. 2011 My Commission Expires: SJLpf a~. .;lo / I Loan No: 129317792 Wyoming Mortgage-Single Family-Famue MaelFreddie Mac UNIFORM INSTRUMENT -THE COMPLIANCE SOURCE, INC.- Page 14 of 14 www.compliancesource.coml~1111 ~~I ~~ III1 ~~IIiIII~ IIII ~~!I ~~ III~ III~ IIII MERS Modified F0l111 3051 01/01 14301 WY 08/00 02000, The Compliance Source, Inc. Short Form Commitment ASP FILE NO: 36792635 LENDER REF: T008-025616 000834 Exhibit "A" The land referred to in this policy is situated in the STATE OF WYOMING, COUNTY OF LINCOLN, CITY OF AUBURN, and described as follows: LOT 1 OF THE MEADOWLARK HILL SUBDIVISION, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT NO. 293-C FILED MAY 8, 2003 AS INSTRUMENT NO. 889816 OF THE RECORDS OF THE LINCOLN COUNTY CLERK. APN :3319341000-4400 11111 II III II 11111111111 '0'1.100216655'0' 2134 4/21/2008 75047626/1