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HomeMy WebLinkAbout941262 -, RECEIVED 8/13/2008 at 3:14 PM RECEIVING # 941262 BOOK: 702 PAGE: 293 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 6010816982 60ô293 SLalc or Wyoming Spacc Above This Llnc For Uecordlng DuLa lVIORTGAGE (W ith Future J\dvance Clause) 1. DATE AND PARTIES. Thc datc of this Mortgage (Security Instrument) is P.~·P.FQQ?.................................... and the parties, their addresses and tax identification numbers, if required, are as follows: MORTGAGOR: STEVE R. SCHUYLER AND KAREN S. SCHUYLER, HUSBAND AND WIFE 2101 INVERNESS DRIVE LAWRENCE, KS 66047 o If checked, refer to the attached Addcndum incorporaled herein, for additional Mortgagors, their signatures and acknowledgmcllts. LENDER: THE BANK OF STAR VALLEY THAYNE BRANCH ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF WYOMING P.O. BOX 928 113 PETERSEN PARKWAY THAYNE, WY 83127 2. CONVEYANCE. For good and valuélble consideration, tbe receipt <Ind sufficiency of which is acknowledged, and to secure Ihe Secured Debt (Jefined below) and Mortgagor's [JerfOl1l1anCe under this Security Instrument, Mortgagor grants, bargains, conveys, IIloltgages <¡od wamln[s to Lender, wilh power of sale, [he following described property: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF r' '" The property is located in ....,.......................... .LJ~.GQ~~................................ at .1.qQ .MI.L.L.~Ip'¡; '!{~X.............................. (Coumy) ,...................,........................................." "...... ....... .~J~~.V~.L.L.EX .R.~~.G~................, Wyoming ....... ..~~m......... (Address) (City) (ZIP Code) Together with all rights, casements, appurtenances, royalties, mineral rigllts, oil and gas rights, all water and riparian rights, ditches. and water stock and all existing and futurc improvements, structures, fixtures, and replacements that may now, or at allY time in the future, bc part of the real estate described above (all referred to as "Property"). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall not exceed $ .1.2.Q,.QQQ..QQ......................................... . Tb is I imitation of amount does not include interest and other fees and charges val idly made [Jursuant to this Security Instrument. Also, this limitatioll docs not apply to advances made under the terms of this Security I nstrument to protcct Lender's security and to perform any of thc covenants contained in this Security I nstrumenl. 4. SECURED DEBT AND FUTURE ADVANCES. Thc term "Secured Debt" is defincd as follows: A, Debt incurred under thc terms of all promissory note(s), contract(s), guaranlY(s) or other evidence of debt described below and all their extcnsions, renewals, modificatiolls or substitutions. (When rèJerencin8 the debts beLow it is sllggested that YOIl in ell/de items sl/ch as borrowers' names, note ml/o/mts, interest rates, maturity dates, etc.) ONE PROMISSORY NOTE DA TED AUGUST 4, 2008 IN THE AMOUNT OF $120,000.00 WYOMING - MORTGAGE ¡NOT FOR FNMA. FHLMC, FHA OR VA USE! @1994 Bankers 5yst.ms. Inc" 5t, Cloud, MN 11·800-397·2341) Form RE·MTG-WY 11/18/94 @ (pa~ 000294 B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender under any promissory uote, contract, guan1l1ty, or other evidence of debt executed by Mortgagor ill [¡wor of Lender executed after this Security Instrumcnt whether or not this Security Instrument is specifically referenced. If more than one person signs this Security IIJ~trument, each Mortgagor agrees that Ihis Security Instrument will secure all future advances and future obligations that are given to or incurred by anyone or more Mortgagor, or anyone or more Mortgagor and others. All future advances and other future obligations are securcd by Ibis Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on ¡he date of this Security lnstrument. Nothing in this Sccurity Instrumcnt shall constitute a conUllitment to make additional or future loans or advances in any amount. Any ~ucb cOlllmitment must be agreed to in a separate writing. C. All obligations Mortgagor owes to Lender, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otllerwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security I nstrumellt. Tbis Security Instrumenl will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms or the Securcd Debt and this Security Instrumcnt. 6. PRIOR SECURITY INTERESTS. With regard to any othcr mortgage, deed or trust, security agreement or other lien documentlhat created a prior ~ecurilY interest or encumbrance on the Property, Mortgagor agrees: A. To make all paymenls whcn due and to perform or comply with all coven<ints. B. To promptly deliver 10 Lender any notices that Mortgagor receives from the holder. C. Not to allow any modification or extension of, nor to request allY future advances under any note or agreement secured by the lien document without Lender's prior wriUell conscnt. 7. CLAIMS AGAINST TITLE. Mortgagor will p<iy all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and olhcr cl1arges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of aU notices that such amounts are due <ind Ihe receipts cvidencing Mortgagor's payment. Mortgagor will defend title to the Property again~t any claims thai would impair the lien of this Security Instrument. Mortgagor agrees to assign to Lender, as requestcd by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to maintain or improve the Propcrty. 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subject to tile restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run wilh the Property and shall remain in effcct until the Secured Debt is paid in full aud tbisSecurity Instrument is released. 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs tbat are reasonahly necessary. Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property, Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and u~e will nol sub~lan!ially changc without Lender's prior writtcn conscnt. Mortgagor will not permit any change in auy license. restrictive covenaut or easemcnt without Lender's prior written consent. Mortgagor will notify Leuder of all dell1and~, proceedings, claims aud actions against Mortgagor, and of any loss or damage to the Property. Lendcr or Lender's agents may, at Lender's option, cnter the Property at any reasonable time for the purpose of inspecting the Property. Leuucr shall give Mortgagor notice al the time of or bdore an inspection ~pcciryiug a reasonable purpose for the iuspection, Any inspection of the rwperty shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 10. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, willlOut notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lcnder's failure to perform will not preclude Lcnder from exercising any of Lender's other righl~ under the law or this Security Instrulllcnt. If any con~truction on the Property is discontinued or not carried on in a reasonable manner, Lendcr Illay lakc all steps necessary to protect Lender's security interest in tbe Property, including completion of the construction, 11. ASSIGNl\'lENT OF LEASES AND RENTS. Mortgagor irrevoc¡lbly grants, bargain~, conveys, mortgages and warrants to Lender as additional security all the right, title and iuterest in and to any and all existing or future leases, subleases, and any' other wrillen or verbal agreements for the use and occupancy of any portion of the Property~ including any extensions, renewals, modifications or substitutions of sucl1 agreements (all referrcd to as "Leases") and rents, issues and profits (aU referred to as "Rents"). Mortgagor will promptly provide Lendcr with truc and correct copies of all existing and future Leases. Mortgagor may collcct, receive, cnjoy and usc the Rents so long as Mortgagor is not in default under the terms of this Security 1 nstrument. Mortgagor agrees that tbis assignlllent i~ immedi¡ltcly effective between the parties to this Security Instrument. Mortgagor agrees thai this a~s ignlllenl is elTeCI ive as 10 th i I'd part ies whcn Lender takes a ffi 1111at ive acl ion prcscribed by law, aud tbat this assignlllent will remain in ei'fect during any redemption period until the Securcd Debt is satisfied. Mortgagor agrees that Lender may take actual possession of the property without the necessity of commencing leg¡¡l action and that actual possession is deem cd to \)ccur when Lendcr, or il.~ agent, notiries Mortgagor of default and demands tlwt any tenant pay all future Rents uirectly to Lender. On receiving nolice of default, Iv!ortgagor will endorse and deliver to Lender any payment of Rents in Mortgagor's plJssession and will receive any Rents in trust for Lender and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided iu this Security lnslrument. Mortgagor warrants that no default exists under the Leases or any applicable landlord/tenant law. Mortgagor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. @,994 Sankors Systoms, Inc.. St, Cloud, MN 11·S00-397-23411 Form RE-MTG·WY 11/18/94 @ (pag~ (;Oû295 12. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Mortgagor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Properly includes a unit in a condominium or a planned unit development, Mortgagor will perfonn <tll of Mortgagor's duties under the covenants, by-laws, or regulations of the condominium or planned unit development. 13. DEFAULT. Mortgagor will be in def<tull if <tny p<trty oblig<tted on the Secured Debt fails to make payment wht:n due. Mortgagor will be in default if a breach occurs under the terms of this Security Instrument or <tny other document executed f~r the purpo~e of crealing, securing or guarantying the Secured Debt. A good f<tith belief by Lender that Lender at any time IS insecure with respect to any per~on or entily obligaled on the Secured Debt or that the prospect of <tllY payment or the value of the Property is impaired ~ball als() C()nstilute an eveul of ddault. 14. REMEDIES ON DEFAULT. In some instances, federal and state law will require Lender to provide Mortgagor with notice of the right to cure or other notices and may establish time schedules for foreclosure actions. Subject to these limitations, if any, Lender may <tccelenlle the Secured Debt and foreclose this Security Instrument ill a lD<tnner provided by law if Mortgagor is in default. At the option of Lender, <tll or any part of the agreed fees and ch<trges, accrued interest and principal shall become immediately due and payable, <trter giving notice if required by l<tw, upon the occurrence of a default or <tnytime thereafter. In addition, Lender shall be entilled to all the remedies provided by law, the teons of the Secured Debt, this Security Instrument and any relatcd documents including, without limilation, Ihe power to sell the Property. All remedies are distinct, cumulative and not exclusive, <tnd the Leuder is elltÌlled to <tll remedies provided at law or equity, whether or not expressly set forth. The acceptance by Lender of any sum ill payment or partial payment on the Secured Debt at'ler thc balance is due or is accelerated or at'ler foredosure proceedings ate filed shall not constitute a waiver of Lender's right to re¿luire complete cure of any existing default. By nOI exercising any remedy 011 Mortgagor's default, Lender does not waive Lender's right to later consider the event a default if it continues or happens again, 15. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when prohibited by law, Mortgagor agrees to pay all of Lender's expenses if Mortgagor breaches any covenant in this Security Instrument. Mortgagor will also pay on demand any amount incurrcd by Lender for insuring, inspecting, preserving or otherwise protecting the Property and Lender's security interest. Tllese expenses will bear interest from the date of the payment until paid in full at tbc highest interest rate in effect as provided in the terms of the Secured Debt. Mortgagor agrees to pay all costs and expenses incurred by Lender in collecting, enforcing or protecting Lcnder's rights and rcmedies under tl1is Security Instrument. This amount may include, but is not limited 10, reasonable allorneys' fees, court costs, and other legal expenses. This amount does not include allorueys' fees for a salaried employee of tbe Lender. Tl1is Security Instrument shall remain in effect until released, rvlortgagor agrees to pay for any recordation cost~ of such rele¡lse. 16. ENVmONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (I) Environmental Law means, witl10ul limitation, Ihe Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42 V.S.C. 9601 et seq.), and all other federal, st<tte and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive lelters concerning the public health, safcty, welfare, environment or a haz<trdous substance; and (2) Hazardous .substaut:e means any toxic, radioactive or hazardous material, waste, pollutam or contaminant which lIas characteristics which reuder Ihe suhstanœ dangerous or pOleulially dangerous to the public healLll, safety, welfare or ellvironmenl. The term includes, without limilation, any substances defined as "hazardous material," "toxic substances," "hazardous waste" or "hazardous subslancc" under any EnvirolUnenlal Law. Mortgagor represents, warrants and agrccs that: A. Except as previously disclosed and acknowledged in wntlllg to Lender, no I-Iazardous Substance is or will be located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous Substances that are generally recogniz.ed to be appropriate for Ihe normal use and maintenance of the Property. B, Except as previously discloscd and acknowledged in writing to Lender, Mortgagor and every tenant have been, are, and shall remain in full compliance witll any applicable Environmental Law. C. Mortgagor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occurs on, under or about the Property or thcre is a violéitioll of any Environmental Law concerning the Property. In such an event, Mortgagor shall take all necessary remedial action in accordance with any Envirolilllental Law. D. Mortgagor shall immediately notify Lender in writing as soon as Mortgagor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmenlal Llw. 17. CONDEMNATION. rvlortgagor will give Lender prompt notice of any pending or threatened action, by private or public entities 10 purchase or lake <tny or all of the Property through condemnation, eminent domain, or any other means. Mortgagor authorizes Lender «) inlervene in MOrlgagur's name in any of Ihe above described actions or claims. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds sball be c(Jn~idered paymenls and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document. 18. INSURANCE. Mortgagor shall keep Property insured against loss by fire, Hood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall be maintained ill the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to mainlain the coverage described above, Lendcr may, at Lender's option, obtain coverage to proli.:ct Lender' s right~ in [he Property according to the terms of this Security Instrument. All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Mortgagor shall immediately notify Lender of cancellation or termination of the insurance. Lender ~hall have the right to hold the policies and renewals. If Lender requires, Mortgagor sllall immediately give to Lender all receipts of pa id premiums and renewal notices. Upon loss, Mortgagor shall give Î..Iumed iatc notice to tile insurance carrier and Lender. Lender may make proof of loss if not made immcdiately by Mortgagor. V nless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, wbelher or not Ihell due, at Lender's option. Any application of proceeds to principal shall not extend or ,!fJ (page 3,lof ~) ..l';fL )l~ ©1994 Bankers 5ystoms,lnc,. 51, Cloud, MN 11-800·397·23411 Form RE·MTG-WY 11118/94 OOü296 postponc [hc due date of the scheduled payment nor change the amount of any payment. Any excess wiU be paid to the Mortgagor. If the Propcrty is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition sl1all pass to Lender to the extent of the Secured Debt immediately before the acquisilion. 19. ESCROW FOR TAXES AND INSURANCE. Unless othcrwise provided III a separate agreement, Mortgagor will not be required to pay to Lender funds for [axes and insurancc in escrow. 20. FINANCIAL REPORTS AND ADDITIONAL DOCUlVlENTS. Mortgagor will provide to Lender upon request, any rinancial slalelnenL or information Lender may deem reasonably necessary. Mortgagor agrl:es to sign, deliver, and file any additional documelHs or certifications tl1al Lendl:r may consider necessöry to perfect, continuc, and preserve Mortgagor's obligations under tl1is Security Instrument and Lcnder's lien status on the Property. 21. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. AU duties under this Sccurity Instrument arc joint önd individual. If Mortgagor signs this Security Instrumcnt but does not sign an evidence of debt, Mortgagor docs so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor docs not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Mortgagor, Morlgagor agrees to waive any rights that may prevent Lender from bringing any action or claim ögaillst tvIDrtg;lgI)r or any party indebted under the obligation. Thcse rights may include, but are not limited to, any anti-deficicncy or one-action laws. Mortgagor agrces that Lender and any party to this Security Instrument may extend, modify or makc any changc in the ICflllS of this Security lnslrumcnt or any evidence of dcbt without Mortgagor's consent. Such a change will not rclease Mortgagor rrom the terms of this Security Instrument. Tl1e duties and benefits of this Security Instrumenl shall hind and benel'illhc SUCCC~~Dr~ and assigns or rvlortgagor and Lender. 22. APPLICABLE LA Wj SEVERABILITY; INTERPRETATION. This Sccurity Instrument is governed by the laws of the jurisdiction in whicl1 Lender is located, except to thc extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachmcnts, or any agreement relatcd to tl1e Secured Debt that conJlicls with applicable law will not be effective, unless that law expressly or impliedly permits the variations by wriUen agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section wiU be scvered and will not affect the enforccability of lile remaindcr of this Security Instrument. Whenever used, the singular shall include the plural and thc plural the singular. Toe captions and headings of the sections of this Security Instrument are for convenience only and are not to bc used to interpret Dr definc the terms of this Security Instrument. Time is of the essence in this Sccurity Instrumelll. 23. NOTICE. Unless otherwise requircd by law, any IIOtice shall be given by delivering it or by mailing it by first class mail to the appropriatc party's address on page 1 of this Securily Instrument, or to any othcr address designated in writing. Notice to one lIlortgagur will be deemcd to be notice lo all mortgagors. 24. WAIVERS. Except to the extent prohibited by law, Morlgagor waives any right regarding tl1e marshalling of liens and assets and all homestead exemption rights relating to the Property. 25. OTHER TERMS. If checked, the following arc applicable to tl1is Security Instrument: o Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced lo a zero balance, this Security Instrumcnt will remain in effect until released. o Construction Loan. This Security Inslrument secures an obligalion incurrcd for the construction of an improvement on the Property. o Fixlure Filing. Mortgagor granls II) Lender a securilY inlcrcst in all goods Ihat Mortgagor owns now or in the future and that are or will bcwlIle fixtures related 10 Ihc Propcrty. This ~ecurity Instrument suffices as a financing statement and any célrbon, pllotogrélphic or oll1er reproduction may bc med of record for purposes of Article 9 of the Unifonn Commercial Code. [XI Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the tcrms of this Security Inslrument. [Check all applicable boxes] o Condom inium Rider 0 Planncd U nit Development Rider IX] Other ~.~ÇPNQ.~PM~.8IQ~R.................................... o Additional Tenns. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants conlained in lhis Security Instrument and in any attachments. Mortgagor also acknowlcdges receipt of a copy of this Security Instrument on the date stated on page 1. ... '......J.~...K..J.r..4... !.. ..:::.......fJ lib (Sigllalllrc) STEVE R. SCHUyhR vr.~~... ~') ~sldt~···.8~b;!;"iC)ô (ilK! ividuul) ACKNOWLEDGMENT: STA TE OF Wyp'fy1!~q"... :,<~ ¡(j ,~'~. ,"5,.".......",., COUNTY OF . ,5A..&i.. ~..,..,..;.(7. ,~~'.~..... ........ ..........} ss. 'rhis instrulllcUl was acknowledgcd berore mc this ....5:',1IfW........ day of !Wß.4$L.4Q9ß..................................... by ~.~m.8: ~.G~µ.X~ç8; M8~N .~·.$ç,~vm,~..~µ.~~MP.~N.Q .~J)f~.,.,....,........,.....,...,.,..".........,..,................,............... . My cOlUm(~~~il~1l expires: ..~L.~~...................... (Nolary PUblic) My Commission Expires ~.;60/ <- ©1994 Bankors 5vstoms, Inc., 51. Cloud, MN 11-800·397-23411 Form RE·MTG·WY 11/18/94 Chad T. Miller Notary Public State of Kansas (page 4 of 4) 1 V . ~ ~.. ,," .._--.,.....- ... .__V\_..~,..... .. _. ..r... v... LEGAL DESCRIPTION EXHIBIT' A' Order No: 6010816982 Lot 58 of Star Valley Ranch PJat 13, Lincoln County, Wyoming as de.~cribed on the official plat filed on Au.gust 10, 1911 as i.u~trumént No. 496704 of tbe records oftbe Lincoln County Cle.·k. 000297 000298 SECOND HOME RIDER THIS SECOND HOME RIDER is made this 4TH day of AUGUST, 2008 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower" whether there are one or more persons undersigned) to secure Borrower's Note to THE BANK OF ST AR VALLEY THAYNE BRANCH P.O. BOX 928 113 PETERSEN PARKWAY THAYNE, WY 83127 (the "Lender") of the same date and covering the Property described in the Security Instrument (the "Property"), which is located at: 160 HILLSIDE WAY, STAR VALLEY RANCH, WY 83127 [Property Address] In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that Sections 6 and 8 of the Security Instrument are deleted and are replaced by the following: 6. Occupancy. Borrower shall occupy, and shall only use, the Property as Borrower's second home. Borrower shall keep the Property available for Borrower's exclusive use and enjoyment at all times, and shall not subject the Property to any timesharing or other shared ownership arrangement or to any rental pool or agreement that requires Borrower either to rent the Property or give a management firm or any other person any control over the occupancy or use of the Property. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's second home. MULTISTATE SECOND INSTRUMENT Form 3890 1/01 G-365R (0411) @ HOME RIDER - Single Family - Fannie Mae/Freddie Mac UNIFORM Page 1 of 2 Initials: 1 VMP Mortgage Solutions, Inc. (800)521-7291 f:.-c;j 08/06/?IiIIiIR 10:55 13078830002 BANK OF STAR VALLEY P^GE 02/02 (;0&299 BY SIGNING BELOW, Borrower acc~pts and agrees to the 'terms and covenants contained in this Second Home Rider. >d~ R ~ ISool1 STEVE R. SCHUYlER ·Borrower (Seal) ·Borrower (Seal) ·Borrower G-365R (0411) œ (Seal) ·Borrower (Seall -Borrower Page 2 of 2 Form 3890 1/01