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HomeMy WebLinkAbout941438 " RECEIVED 8/20/2008 at 10:18 AM RECEIVING # 941438 BOOK: 702 PAGE: 644 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY OOú644 [Space Above This Line For Recording Data] MORTGAGE DEFINITIONS Words used in multiple sections of this document (Ire dd'ineu below and other worus are derined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Sccurity Instrumcnt" mea ns lhis uocument, wh ich is dated ....................... .Qe: 1 ~:4QP.8.. .. . . .. .. . . . . . .. .. . . ..., together with all Riders \0 [his document. (ß) "BorrO\.ver" is ~.q~~. L$T.0~¡:~ ANQ.~¡:Y.Q~A R: .~TP.~¡:RI.~U~.B~N.D A~P VYIF~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . . . ...... .. . .... ... .................................................................................................................................................... . L' Borrower is the mortgagor under this Security Instrument. (C) "Lender" is .T~.E. ~A~K 9.F.~.~~RYA.L.L.E.~ .~~A.Y.~¡:.~RA~Ç.~,..........................................,.................... ...... ............... , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . , . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . Lender is a .GQ~P.Q~A.11.q~........................................................,............................. organized and existing under the laws of T.~¡:.$TA1¡:.QfW.XO~vW~~..................................................... . Lender's address is ?.Q.,~p.~ .9.4~, .1.1.~ p.~Tm~I;~.~A.~~W~Y/...... r~~'y.~çt WY..8) 1 n .. .. .. .. . . .. . . . .. . . .. . .. .. .. . . . . .. ... .. ..... .. .. .. .. . . .... . Lender is the mortgagee under this Security Instrument. (D) "Note" mcans the promissory note signed hy ßorrower ;Ind d;lted 0'8-.1.5·2.Q08.............................................. . The Note states thai Borrowcr owes Lender S!~T.Y. T.HW~Wq A~P. NOf.l.QQ........................................................................ . .. .. .. .. .. .. . . .. . .. . .. .. .. . .. . .. .. .. .. .. . .. .. Dulla rs (U. S. $ Gp,OPQ.PQ...................) pi us interest. Borrower has promised to PtlY this debt in regular Periodic Payments tlnd to pay the debt in rull notlaler than D.8:.1'O::z'O.1.L................................... .................................................................................................................................................... . (E) "Property" mealls Ihe property that is described below under the heading "Trtlnsfer or Rights in lhe Property." (F) "Lo[ln" means the debt cvideuced by the Note, plus iuterest, auy prepayment charges and late charges due under the Note, and all sums due under [his Security Instrument, plus interest. (G) "Riders" lI1etlns all Riders tu this Security Instrument that are executed by Borrower. The following Riders are to be executed by Bormwer [check box as applicable]: o Adjuslilble Rtlte Rider 0 Condominium Rider o Balloon Rider 0 Planneu Unil Development Rider o 1-4 Family Rider 0 Biweekly Payment Rider (Ii) "Applic[lIJIe Law" me(lns all clJntrollinl! applicable rcdertll, state and local statutes, regultltions. ordinances and administrtltive rules and orders (Ihat have the etl'ect or lilw) as well as all applicable final, nun-appetlltlble judicial opinions. (I) "Community Association Dues, Fees, and Assessments" 1l1C(lns all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a coudominium tlssociation, homeowners association or similtlr organization. (!) ."Electroni.c Funds Tmn~fer:' !n~~ns any transfer or rund~, other. than (I tr;¡ns~lcli.()1l originated by check, draft, ?r sllmlar paper Instrument. which IS Il1lt¡tlted through an electronic lermlllal, telephonic Instrument, computer, or magnetIc tape so as to order, instruct, or aUlhorize a tïntlncial institUlion to debit or credit an account. Such term includes, but is not limited to, point-of-s(lle trtlnsfers, automated teller machine trtlnsaclions, transrers initiated by telephone, wire Irausfers. tllIU automated cIetlringhouse trtlnsfers. (K) "Escrow Items" me(lns those items that arc described in Section 3. (L) "Miscellaneous Proceeds" metlns tiny compensation, settlement, award of damages, or proceeds paid by any third ptllty (other thall insurance proceeds paid under the covertlges described in Sectiofl 5) tor: (i) damage to, or destructIOn of, the .Prop~rly; (ii) con~emfla.tion or ~ tl~er taking of all lJr any part of tI~~ Property; (iii) conveyance in lieu of condemnation; or (IV) 1IIIsrepresentatlons 01, or umlsslons as to, the value audioI' cundlt on of the Property. (M) "IVlortgage Insurance" means insurtlnce prntectillu Lenuer (lgainst the nonpayment of, or derault on, the Loan. (N) "Periodic Payment" means the regularly schedu1ed amouut duc I'm (i) pnncipal anu interest under the Note, plus (ii) tiny amounts under Section 3 of this Security Instrument. (0) "RESPA" means the Real Estate Settlement Procedures Ac[ (12 use. f~6()1 et seq.) tlnd its implementing regulation, I.[e~ulalilln X (24 C. F. R. I)art 35()(), as they might be amended rrom time to time, or any additional or successor legisTation or regulation th;tt governs Ihe same subject malter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions Ihal <ire imposed in re~tlrd to a "federally related mortgage loan" even if the Loan does not qutlli1'y (IS tI "feder<illy related morlgage 10(lll' under RESPA. (P) "Successor in Interest of Borrower" means any party tl¡tlt h(ls ttlken title to the Property, whether or not that party htls assumed Borrower's obligations under the Note andlor lhis Security Instrument. o Second I-Iome Rider o Otller(s) [specify] ...................... TRANSFER OF RIGHTS IN TI-IE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, tlnd all renewals, extensions and modifications or the Note; anu (ii) tbe performance or ßorrower's coven<inlS tlnd agreements under Ihis Security Instrument and the Note. For tbis purpose. Borrower does hereby mortgage, grant anu cOllvey to Lender (lnd Lender's successors tlnd tlssigns, with power or sale, the rol!(JI.'ing deSl'fihed properly ¡/lcafed in the ÇP.UN.T.Y... ........................ ................................. of ¡Type of Recording Jurisdiction} q~ç.qW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . : tName of Recording Jurisdiction) SEE EXHIBT 'A' ATTACHED HERE TO AND MADE A PART HEREOF. WYOMING· Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT rf¿l Bankðrs Systems, tnc.. St. CI"oud, MN Form MO·'-WY 8/21/2000 r.f: 1/2001 (1'{I)!e J IIJ 71'11/}..I' ~Iï~ijjml ((0645 which currently Ila~ tile add res~ of .~QT.I)~P. P~A.\ .4 PUHR. YA.~~~Y .AV .~~R.K . . . . . . . . . . . . . . . .. . .. .. .. .. . .. . . .. . .. . . .. . . . . . . . . . . . .. .. . .. . . . . . . .. (Street) .TH~YN~............ .... ......................................... .., Wyoming .~~xn................................ ("ProperlY Address"): IClty) (Zip Code) TOGETHER WITH all the improvements now or hereal'ler erected on the property. and all easemelJl~, appurtenances, and fixture~ now or hereafter a part of the property. All replacements and additions sball al~o be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." ';"~'ORkbwER COVENANTS that Borrower i~ lawfully ~eiscd of the e~tClte hereby conveyed Clnd has the right to mortgage, grant and convey the Property and that tbe Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title (0 the Properly agClinst ClII daim~ and demands. suhju;1 to ClIJY encumbrances of record. Tl-IIS SECURITY INSTRUMENT combilJe~ uniform covenClllL~ for nCltional use and non-uniform covenant~ with limited variations by jurisdiction to conslitute a uniform security instrument covering real properly. UNIFORM COVENANTS. Borrower and Lender covenant and Cl1!.ree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shClII pay when due the principal of, and interest on, the debt evidenced by the Note Clnd any prepayment charges alJd laic charges due under the Note. Borrower shall Cllso pay funds for Escrow Hems pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in V.S. currency. However, if any check or other instrument received by Lender as payment under the Note or thi~ Security In~trulJ1ent is returned to Lender unpaid, Lender may require that any or all subsequent payment~ due under the Note aud this Security I nslrumeut be lJ1C1de in one or more of the following fonns, as selected by Lender: (a) cash; (b) money order; (c) eertilïed chcck, hank check, treasurer's check or cashier's check, provided any ~uch check is drClwn upon an institution whose ucposil~ Clre insured by a fcueraJ agelJcy, instrumentality, or entity; or (d) Electronic l:;und~ Tran~fer. Payments are deemed received by Lender wben received at the location designated in Ihe Note or at such other location as may be designated by LeIJder in accordance with 1Ile notice provisions in Seclion 15. Lender may return Clny payment or partial payment if the payment or partial payments arc in~urficient to bring the Loan current. Lender may accept any payment or partial payment insufficieo.t to bring the Loan current, without wélÌver of any riglll~ hereunder or prejudice to its rights to refuse such payment or partial payments in tbe future, but Lender is not obligated to apply ~uch payments at the time such payments are accepted. If cadI Periodic Payment i~ applied as of it~ scheduled due date, then Lender need not pay interest all unappl ied funds. Lender may hold such ullapplied funds until Borrower makes payment to bring the Loao. current. If Borrower does not do so within a reasonable period of time, Lender shall either apply SUcll funds or return them to Borrower. If not applied earlier, ~uch funds will be applied to the outstanding principClI balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in Ibe future against Leader shall relieve Borrower from making paYITIent~ due under the Note and this Security r nstrumenl or performing the covenants and agreement~ ~ecured by Ihis Security Instrument. 2. Application of Payments or Proceeds. Except as olberwi~e de~cribed in thi~ Sl:Ction 2, all pClyments a¡;cepted and applied by Lender sball be applied in 1Ile following order of priority: (a) interest due undert!lc Note; (b) principClI due under the Note; (c) amounts due under Section 3. Such pClymcnts ~bClll be Clpplied to each Periodic Payment in the order in which it became due. Any remaining amount~ ~hall be applied first tu late charges, second to any otber amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinqucnt Periodic PClyment which includes a sufficient amount to pay any late charge due, the payment may be applied to tbe delinquent payment Clnd the late charge. If Illore than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower 10 the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any exce~s exists after tbe pClyment is applied to the full payment of one or more Periodic Paymenls, such exce~s may be applied to any late charges due. Voluntary prepayments shall be applied fir~tto any prepayment cllarges and then as de~cribed in the Note. Any application of payment~, in~uranee proceeds, or M iseellClne()u~ Proceeds to principal due under tbe Note shall not extend or po~tpone the due date, or change tile amount, of the Periudic Paymenls. 3. Funds for Escrow Items. Borrower SllClll pay Lo Lender on Ihe day Periodic Paymenls are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide ror payment of amounls due for: (a) taxes and assessments and other items which can attain priority over thi~ Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rent~ on the Property, if Clny; (c) prel11iull1~ for any and all insurance required by Lender under Section 5; and (d) Mortgage In~urance premiulUs, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with tbe provi~ions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Due~, Fees, and A~se~sment~, if any, be e~crowed by Borrower, and such due~, fee~ and asse~~ments ~hall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of Cll11ount~ to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower' ~ obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to PClY to Lender Fund~ for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of ~uch waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds bas been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing ~uch pClyment within such time period as Lender may require. Borrower's obligation to mClke ~uch payment~ and to provide receipts shall ror all purposes be deemed to be a covenant Clnd agreement contained in this Security, Instrument, CIS the phra~e "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pur~ual)t to a wCliver, and Borrower rail~ to pay the amount due ror an ESl.:row Item, Lender may exercise its rights under Section 9 Clnd pay ~uch amount and Borrower shall then be ohligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver a~ to any or all E~erow [lems at any lime by a notice given ill accordance with Section 15 and, upon such revocation, Borrower ~hall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply tbe Funus at the time specified under RESPA, and (b) not to exceed the maximum Clmount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the ba~i~ of current data Clnd reasonable estimates of cxpenditure~ of future Escrow Items or otherwise in accordanl.:C with A pplicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, in~trumentc¡(ily, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home I.oan l3ank, Lender shall apply the Funds to pay the E~crow Items no later tlwn the time spcl.:ilïeu under RESIJA. Lender sl1<l1l nl)t ebarge Borrower for holding and applying the Fund~. alUluCllly analyzing Ibe escrow account, or verifying lhe I~serow (Iems, uoIess Lender pays Borrower interest on the Funds and Applicable Law permit~ Lender to make ~uch a charge. Unles~ an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earning~ on the Funds. Borrower Clnd Lender can agree in writing, bowever, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual aecoullting of tbe Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender WYOMING. Single Family - Fannie Mae/FreddIe Mac UNIFORM INSTRUMENT /ßrm 3051 1/01 ,,~." ,~...., ,~" ", ,~, MM ".. MHW' '" """ "',~ , .f' '"'<~ :;¡;¿. ~ rf'~~' ~ OOû64è shall uOlify 13orrower as required by RESPA. and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance wÌlll RESPA, but in no more than 12 monthly payments, [f Ihen:: is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notiry Borrower as required by RESPA, anu Borrower shall pay to Lender the amounl necessary to make up the deficiency in act:oruance with RESPA, but in no mlJre than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security I nstrument, leasehold payments or ground rents on the Property, if any, anu Community Association Dues, Fecs, anu Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay lhem in the manner proviued in Sectiou 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument uuless Borrower: (a) (lgrees in writing to the payment of the oblig¡llion secured by the lien in a manner acceplable to Lender, but only so long as Borrower is performing sut:h agreemcnt; (b) contesls Ihe lien in good failh by, or defends against enforcement of the lien in, legal proceeuings whicli in Lt:nder's opinion oper;lle 10 prevenl Ill(: t:nforcement or Ihc lien while those proceedings are pending, but oldy until sut:h proœedings (lrc t:Oncluded; or (t:) secures rrom the holder of the lien au agreement satisfactory 10 Lenuer subordinalil1g tht: lit:n to Ihis Security Inslrulllent. If Lender uetermines Ihal any part oJ' the Property is subject to a lien which can allain priority over this Security [nstrument, Leuder may give Borrower a notice identifying the lien. Wilhin 10 days of the date on which Ihat notice is given, Borrower shall satisfy tbe lien or take one or more of the actions set forth ahove in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate (ax verification and/or reporting service uscd by Lender in conlleetion wilh this Loan. 5. Property Insurance. Borrower shall keep the improvements now existiug or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended eoverage," and any other hazards including, but not limiteLl 10, earthquHkes and noods, for which Lcnder retluires insurance. This insurance shall be maintained in the amounls (including deductible levels) and for Ihe pt:rioLls that Lender requires. What Lender requires pursuant to the preceùing sentences can change durin,!! Ihe lerm or the Loan. The insurance carrier providing the insurance shall be chosen by Borrower suhjecl to Lender's rigbl II) disapprllve Borrower's ehl)iec, whieh righl sh;11I nol he exercised unreasonably. Lender may require ßOLTowt:r to pay, in conneelion wilh this Loan, either: (a) a one-time charge for Hood zone determination, certirication and traeking services; or (b) a one-time clHlrge ror nood zone detcrmiuation and certification serviees and subsequent charges each time remappings or similar chauges occur which reasonably might affect such determination or certificatioll. Borrower sball also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connec(ion with the review of any flood zone delerrninatiou resulting from an objection by Borrower. II' 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 Leuder, but might or might not protect Borrower, Borrower's equity in the Property, or thc conlents or the Property, against any risk, hazard or liability aud might provide greater or lesser coverage than was previously in effect. Borrower acknowledges Ihat the t:Ost of tbe insurance coverage so obtained might signi/ït:anlly excced Ihe cosioI' insuranee Ihal norrower coulù have oblained. Any alllounlS dishursed by Lender under this Seelion 5 sh;dl bt:col11e auditilln;d LIebl of BornJwt:r st:t:Urt:d by this SecurilY Instrument. Tht:se amouuts shall bear interest at Ihe NOle -rale fwm the date oJ' disbursement and shall be p¡¡yable, with such interest, upon notice from Lender to Borrower requt:sting payment. All insurance policies required by Leuder and renewals of sut:h policies shall be subject to Lender's right to disapprove sueh policies, shall include a slandard mortgage clause, and shall name Lenuer as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the pol icies and renewal certificates. If Lender requires, Borrower shall promptly give to Lenuer all receipts of paid premiums and renewal notiœs. If Borrower obtains any foan 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 addilionalloss payee. Iu the event of loss, Borrower shall give prompt notice to Ihc insurance carrier and Lender. Lendcr may make proof of loss if not made promptly by ßorrower. Unless Lender auLl Borrower otherwisc agree in writing, any insurance proceeds, whether or not Ihe uuderlying insurant:e was required by Lenuer, shall be applied to res(oration Dr repair of the Properly, if Ihe rt:slllration or repair is econo/llit:ally fc:asihle and Lender's security is nol lessened. During such repair and resloration period, Lender shall have tile right IIJ holt! sueh insurance proeecds unlil Lender has had an opportunity to inspect such Property to ensure Ihe work has bt:en complcteLl to I~euder's satisfaelion, provided that such inspection shall he undcrtaken promptly. Lemler may disburse procecus for Ihe repairs and restoralion in a single paymcnt or in a series of progress paymt:lJls as the work is completed. Unless an agrecment is made in wriling or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjuslers, or other third parties, retaineLl by Borrower sl1all not be paid out of the insurance proceeds and shaH bc the sole obligation of Borrower. [1' the restoration or rt:pair is not economically feasible or Lender's security would be lesseneu, the insurance proceeds shall he applied to tbe sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid 10 Borrower. Such insurance proceeds shall be applied in the order provided for in Sectiou 2. If Borrower abandons the Properly, Lenuer may file, negotiate aut! sellle any av"ilable insurance claim and related matters. If Borrower does nOI respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, Iht:n LenLler may negotiate and selile llie claim. The 30-day pt:riod will begin when the notice is given. In either evenl, or if Lender acquires the Prorcrly under Seelion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's righls 10 any insur:lnt:e proct:eds in ¡In aJlllJunt nOI [0 ext:Ced Ibe amounts unpaid under thc Note or this Security Inslrument, and (b) any oilier or !Jorrower's righls (,)[ht:r lIHln llie right 10 any rel"und of unearned premiums paid by Borrower) undt:r all insurance polit:ies t:Overi,ng Ihe 1 "t)pt:rly, inso 'ar as such rights are applicable to the coverage of the Properly. Lender may use the insurance proceeus either to repair or restore Ihe Prorerty or to pay amounts unpaid under the Note or tllis Security Instrument, whether or nol then due. 6. Occupancy. Borrower shall occupy, eSlablish, and use the ProperlY as Borrower's principal residence within 60 days after the execution of this Security Instrumcnt and shall continue to ot:cupy lhe Property as Borrower's principal residence ror al leasl one year aJ"ter the date of occupaney, unless Lender otherwise agrees in writiug, which consent shall not be unreasonahly withheld, or unless extenuating t:ircumstances exist whicll arc beyond Borrower's control. 7. Preservation, .Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the I)roperly, allow the I)roperty 10 deteriorate or commit waSle on Ihe Property. Whether or not Borrower is residing in the Property, l3orrower .~hall mainlain tht: Property in order In prevclll llie Properly from deterioratiug or decreasing in value due to its condition. Unless it is determined pUrSWl/lt [0 Set:liun 5 that repair Dr restoration is not economie¡llIy kasible, 130rrower shall promplly repair the Proreny ii" damaged [u avoid further deterioration or damage. If insurance or condemnali'J/l proceeds are paid in connet:liun witl1 uamage [0, or the laking of, the Property, Borrower shall be responsible for repairiug or resloring the Property only if Lender bas released proceeds for such purposes. Lender may disburse proceeds for the repairs and rèstoration in a singlc payment or in a series of progress payments as the work is completed. If the insurance or coudemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such rcpair or restoration. WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~Form 305,\ '" (page 3 Of7P( ~ ~ Bankers Sys'tems, Inc.. St. Cloud, MN Form MD-l-'v\'V 8/21/2000 _~uv~ .-1.. f ,. ,.}:.f",,·.w ".. 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 Properly. Lender sball give Borrower notice at tbe time of or prior to such an interior inspection specifying such reasonable cause, 8. Borrowel-'s Loan Application. Borrower sball be in default if, during the Loan application proccs,~, 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 statelllents to Lender (or failed to pfllvide Lender with malerial infonnation) in connection witb the LOéIU. Material representations include, but are not limited to, representations concerning Borrowcr's occupancy 01' the PropCrlY as Borrower's principal residenl:C. 9. Protection of Lender's Intcrest in the Property and Rights Undcr this Security Instrument. If (a) Borrower fails to perfonn the covenants and agreements coutained in tbis Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in tbe Property and/or rigbts under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforccment of a lien whicb may atlain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned tbe Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest iLl the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are ¡lot limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable atlorneys' fecs to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy procœding. ,securing the Property incLudcs, but is not limited to, entering the Property 10 ll1(tke repair.~. change locks. replace or hoard up doors and windows, drain water from pipes, dlminale buildillg or olher code violations or dangerous cOllditipus, alld have utilities turned on or off. Although Lender may take action under this Seclion 9, Lender does not have to do so and is not ullder any duty or obligation to do so. It is agreed lb(tt Leuder incurs no liability for not taking any or all actions authorized under this Section 9. AllY amounts disbursed by Lender ullder tbis Section 9 sball become additional debt of Borrower secured by this Security Illstrument. These amounts shall bear interest attbe Note rate from the date of disbursement aud sbaLl be payable, with such interest, upon llotice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to tbe merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a coudition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect.. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from llle Illortgage insurer that previously provided sucb insurance and Borrower was required to make separately designated paymenls toward the premiums for Mortgage Insurance, ßorrower shall pay tbe premiums required to obtain coverage subs!amially equivalent to the Mortgage ¡ nsurance previously in crfect, at a cost substantially equivalent to the cost to Borrower of the Mortgage I nsurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not availahLe, Borrower shall cOlltinue to pay to Lender the amount of the separately designated p(tymenls tbat were due when the insurancc coverage ceased to be ill effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage IllSurance. Such loss reserve shall be non-refundable, notwithstanding the fact that tbe Loan is ultimately paid ill full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve p(tyments if Mortgage Insurance coverage (in the amount and for tbe period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately desigllated paymellts toward tbe premiums for Mortgage Insuf<lllcc. I f Lender required Mortgage Insurance as a condition of making tbe Loan and ßorrower W(tS required to make sep(tratcly designated p(tymcnls IowaI'd tbe premiums for Mortgage Illsurallce, Borrower sball pay the premiullls required to maillt(tin Mortgage Insurancc in cl'fect, or to provide a lloll-refulldable loss reserve, until Lender's requirement for Mortgage Insurance ellds in accordance wilh any writlen agreement between Borrower and Lender providing for such termination or Unlil tenllin¡¡tion is required by ^pplicahle Law. Nothillg in this Section 10 affeels Borrower's obligation to pay interest attbe rate provided ill the Nole. Mortgage Insurance reimburses Lender (or any entity tbat purchases tbe NOle) for certain lo~ses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party 10 the Mortgage Insurance. Mortgage insurers evaluate their total risk on all sucb insurance in force from time to time, and may enter into agreements with other parties that sllare or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to tbe mortgage insurer and the other party (or parties) to tbese agreements. These agreements may require tbe mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, allY purcbaser of tbe Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sbaring or modifying Ihe mortgage illsurer's risk, or reducing losses. If sucb agreemenl provides tbat an affiliate of Lender takes a share of insurer's risk ill exchallge for a sbare of tbe premiums pélid to the insurer, the arrangement is orten termed "c¡lptive reinsurance." Further: (a) Any such agreemcnts will not aITect the amounts that Borrower has ag¡'eetl to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Don"ower wiH owe for Mortgage Insurance, and they wiH not cntitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower Iws--if any--with respect to I he Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain c;¡ncellalÌon of the Mortgage Insurance, to have (he Mortgage 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. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds (tre 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 Properly, if tbe restoration or repair is economically rcasible and Lender's seeurily is nol lessened. During ~ueh repair and resll>f(ltion period, Lender shall bave the right to bold such Miscellaneous 'roeeeds until Ivender bas bad an opportunity lo inspect such Property to ensure the work bas been completed 10 Lender's satisfaction, provided that such inspection shall be undertakell promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series or progress payments as tbe work is completed. Unless an agreement is made in writing or Applicable Law requires inlerest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any inlerest or earnings Oil such Miscellaneous Proceeds. If tbe restoratiOll or repair is not economically feasible or Lendcr's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whelhcr or not then due, with the excess, if any, paid to Borrower. Such Miscellalleous Proceeds shall be applied in the order provided for in Section 2. In the evellt of a total taking, destruction, or loss in value of the Property. tbe Miscellaneous Proceeds shall be applied to the sums secured by this Security Jnstrument, whether or not tbell due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of lhe Property in which tbe fair lll(trkct value of the Property immediately before the partial laking, destruction, or loss in value is equal to or grc(tter tban the amount or tbe sums secured by this Security Instrument iJnmedialcly hefore Ihe parlial laking, destruetil>n, or loss in value, unless Borrower and Lellder olilerwise agree in writing, thc sums secured by ¡his Security Instrument shall be reduced by the ~rm 3051 ~!Oy (1'''l!e4017T)(lg~_ ~ WYOMING· Single Familv - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Bank..s Systems, Inc.. St. Cloud, MN Form MD-l-WY 8121/2000 '·000648 amouQ[ of' the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately hefore Ihe parti¡lIlaking, destruction, or loss in value. Any balance shall be paid to Borrower. J n Ihe event of a partj¡¡J laking, destruction, or loss in value of tbe Property in which the fair market value of the Property immediately hefore Ihe partial laking, destruction, or loss in value is less tllan the amount of the sums secured immediately before Ihe parlial taking, deslruclion, or loss in value, unless !3orrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied 10 the sums secured by this Security Instrument whether or not the sums are then due. [I' the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next senlence) offers to make an award 10 seltle a claim for damages, Borrower fails to respond to Lender within 30 days after the date tile notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to resloration or repair of the Property or to the sums secured by this Security Instrument, wl1ether or not then due. "Opposing Party" means Ihe third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of actiou in regard to Miscellaneous Proceeds. Borrower shall he in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgmelll, Ct>uld result in i"ori"eilun: of Ihe Property or olher malerial impairmelll of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a defaull and, if acceleration has occurred, reinstate as provided in Section 19, by causing thc action or pwceeding to be dismissed with a ruling that, ill Lender's judgment, precludes forfeilure of the Pwperty or other material impairment or I.ender's interest in Ihe Property or rights under this Security I nstrulllent. The proceeds or any award or claim for damages that arc altrihut,lble 10 tbe impairment of Leuder's interest in the Property are hereby assigned and shall be paid to Lender. All Mis¡;ellaneous I'roceeds Ihat arc not applied 10 restoration or repair 0[" the Property shall be applied in the order provided for in Section 2, 12. Borrower Not Released; Forbear:1nee By Lender Not a 'Vaiver. Extension of the time for payment or modification 0[" amortizatjun of the sums se¡;ured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to ¡;ommence proceedings against any Su¡;cessor in Interest of Borrower or to refuse to extend time for payment or otherwise Jllodify amortization of the sums secured hy this Security Instrument by reason of any demand made by the original Burrower or any Successors in Interest u[" Borrower. Any forbearance by Lender in exercising any rigllt or remedy including, without limitation, Lender's a¡;ceptanee of payments from third persons, entities or Successors in Interest of Borrower or in amounts less tllan [he amount then due, shall not be a waiver of or preclude the exercise of ¡illY right or remedy, 13. Joint and Several Liability; Co-signers; Successors nnd Assigns BOllnd. Uorrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does no! execute the Note (a "co-signer"): (a) is co-signing 1l1is Security Instrument only to mortgage, grant and convey tbe co-signer's interest in the Property under the lerms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, rorbear or make any accollllllodations with regard to the tenns of this Security Instrument or the Note without Ihe co-si!!.ner's consent. Subject t~ the provisions of Section 18, any Su¡;cessor in Inlerest of Borrower who assumes Borrower's obligations under this Security Inslrument ill writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such releClse in writing, The covenants and agreements of this Security Instrument shall hind (ex¡;ept as provided in Sectil)n 20) and benefit the su¡;ceSsors and ¡¡ssigns LJf Lender. 14. Loan Charges. Lender m¡ y chéll'ge 130lTlIwer rees for services per["olîned in connection with Borrower's default, for the purpI)se of protecting Lender's interesl in the ProperlY and rights undcr this Security Instrument, including, hut nul limiled 10, attorneys' fees, property inspection and valualion rees. In reg¡lrd to '1ny other fees, the absence of express authority in this Security Instrument to charge ;¡ specific fee to Borrower shall not be construed as a prohibition on the charging of such fee, Lender m¡IY nol charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges ¡;ollecled or to be colleCled in connection with [he Loan exceed the permitted limits, then: (a) any such loan charge shall bt: reduced by the amount necessary to reduce tht: chargc 10 the permitted limit; and (b) any sums already clJllected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing [he principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduelion will be treated as a partial prepaymenl without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's a¡;Ceplance of any sueb refund made by direct payment to Borrower will constitute a waiver of any right of action 130rrower migllt have arising out of such overcharge, 15. Notices. All notices given by Borrower or Lender in connection with this SecurilY lnstrument must be in writing, Any nOI ice to ßorrower in connec:tion with this Se¡;urily Instrumcnt shall be deemed to have been given to Borrower when mailed hy first class mail or when actually del ivered to Borrower's notice address if sent by other means. Notice to any ()ne Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address sllall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. !3orrower shall promptly notify Lender or Borrower's change of address, If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure, There may he only one designated notice address under lhis Security Instrument at anyone time. Any notice to Lender shall be given hy delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has desiglJated another address by nOlice to ßorrower. Any notice in connection with this Security Inslrument shall not be deemed to have heen given to Lender until actually received by Lender. Ir any nOlice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisry the corresponding requirement under this Security fmtrumenL 16. Gmerning Law; Severability; Rilles or COlIstrtlction. This Security Instrument shall be governed by federal law and the law of the .iurisdicli( ) in which Ihe PropCrlY is lucaled. All righls ¡Ind obligatio )s contained in this Security Inslrumenl arl' subject to any requirements and limilations o ' Applicable Law. Applicable Law might explicitly or illlplicilly allow the parties 10 agree hy contract or it might be silent, but such silence shall not be construed as a prohibition ag¡linSI agreement by contract. In the event t!J¡lt any provision or clause or this Security lnstrument or the Note eontlicts with Applicable Law, such contlict shall not ¡lfrect olher provisions of this Security Instrument or the Note which can be given effect without the conl1icling provision. As used in this Security Instrument: (a) words or the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in lhc singular s[¡¡¡1I mean and include the plura[ and vice versa; Clud (c) the word "may" gives sole discretion without any obligation to take any ac:tion. 17. Borrower's Copy. Borrower shall be give ) one wpy of the Note and of this Security Instrument. 18. Transfer of the Property or a ßencficiaI Interest ill Borrower. As used in this Section 18, "Interest in the Property" means any legal or hene/'icial interesl in the Property, including, hut not limited to, those be )eficial interests WYOMING - SinÇJle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~m 3051 1/01 ,,~'" '"'~". ,~. ". """'."' ,om "",w, """"0 ,,,,,d "I' ""'r ~ uuuoq.'ZJ transferred in a bond for deed, contract for deed, instöllment sales contröct or cscrow ögreement, the inlent of which is the transfer of title by Borrower öt a future date to ö purchöser. If aU or öny pört of the Property or öny Interest in the Property is sold or trönsferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or lrönsferred) without Lender's prior written consent, Lender may require immediate payment in full of öll sums secured by this Security Instrument. However, this optioll shall not be exercised by Lender if such exercise is prohibited by Applicable Löw. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sball provide a period of not less thön 30 days from the döte the notice is givcn in öccordönce with Section 15 within which Borrower must pay aU sums secured by this Security InstrumenL. If Borrower föils to pay these sums prior to the expirölion \.If this period, Lender may invoke any remedies permitted by Ihis Security Instrument wilhout further notice or demand on Borrower. 19. Borrower's Right to Reinstate Arter Acceleration. 1 I' Borrower meets certain condil ions, !3orrOWl:r shall have the right to have enforccment of this Securily IlIslrumenl discontinued at any timc prior to the earliest 1If: (a) five uays before sale of the Property pursuant 10 öny power of söle contained in this SecurilY Instrument: (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) enlry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (ö) pays Lender all sums which then would be uUt: under this Security Instrument and the Note as if no acceleratioll had occurred; (b) cures öny default of any other covenants or agreements; (c) pays aU expenses· incurred in enforcing this Security lnstrument, including, but not limited to. reasonahle attorneys' fees, property inspection and valuatioll fees, and other fees incurred for the purpose of protecting Lenuer's interest in the Property aud rights under this Security Instrument; and (d) takes such action as Lender may reösonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligötion to pay the sums secured by this Security I nstrumcnt, shall continue unchanged. Lender may require that Borrower pöy such reinstatement sums and expenscs in one or more of the following forms, ös selected by Lender: (ö) casll; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided öny such chcck is dröwn upon ön institution whose deposits are insured by a federöl ögency, inslrumemality or entity; or (d) Electronic r"unds Trönsl'cr. Upon reinstatement by Borrower, this Security Instrument önd obligations secured herehy shall reImin fully elleclive as if no acceleration had occurred. However, tllis right to reinstate shöll not öpply in the cöse of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in tbe entity (known ös the" Loan Servicer") thöt collects Periodic Paymenl.~ due under the Note önd this Security Instrument and perfonns olher Jl10rtgöge lOöll servicing obligötions under the Note, this Security Instrument, and Applicable Law. There also might be one or more cl1önges of the LOöl1 Servicer unrelated to a sale of the Nole. If there is a change of the Loan Servicer, Borrower will be given wl'Ïtten notice of IIle chönge which will state the nöl1le and öddress of the new Loan Servicer, the address to which pöymenls should be J11öde önd any other inforOlötion RESPA requires in connection with a notice of tränsfer of servicing. If the Note is solu and thereölkr the Loön is serviced by a Loan Servicer other than the purchaser of tbe Note, tile mortgage loan servicing obligatiolls to Borrower will remain wilh tlle Loön Servicer or be transferred to a succcssor Loön Servicer öud öre not assumed by the Noll: purchascr unless olherwise provided by the Note purchöser. Neither Borrower llor Lender may commence, joiLl, or be joilled 10 any judicial action (ös either an individual litigant or the member of ö clöss) that arises from the other [1öny's actions pursuant 10 this Security Instrument or thöt alleges that the other party hös breöcbed any provision of, or any dUlY owed by reason of, this Security I nslrument, until such Borrower or Lender bös notified the other pörty (with sucb notice given in compliönce with the rcquirements of Section 15) of such alleged breöch önd afforded the other party hereto a reasonöble period after the giving of such notice to take corrective action. If Applicable Law provides ö time period which must elapse before certain öction can be taken, that time period will be deemed to be reasonable for purposes of this parögröph. The notice of acceleration and opportunity to cure given to Borrower pursuönt to Section 22 önd the notice of öcceIerötiol1 givcn to Borrower pursuönt to Section 18 shall be deemed to sötisfy tile l10lice önd opportunity to take corrective öction provisions of tllis Section 20. 21. Hazardous Snustances. As used in this Section 2l: (a) "Hazardous Substönces" are those substönces defined as toxic or hazardous substances, pollutants, or wastes by EnvironlIlentöl Law aud the following subSlönees: gasoline, kerosene, other flammable or toxic pelroleum products, toxic pesticides and herbicides, volatile solvcnts, möteriöls containing asbestos or formaldehyde, öIld radioöclive möterials; (b) "Environmentöl Löw" means federal löws önd löws of the jurisdiction where the Property is located thöt relate to heöltb, safely or environmental protection; (c) "Envirollll1enlal Cleanup" includes any response action, remedial öction, or reJJ1ovö\ öction, ös defined in Environmental Law; éind (d) an "Environmental Condition" means a cundition tlwt cön cöuse, contribute to, or otherwise trigger an Environmentöl Cleanup. Borrower shall not cause or permit tile presence, use, disposal, storage, or release of öny I-Iözördous Substances, or threaten to release any Hazardous Substances, on or in tbe Property. Borrower shall not do, nor éillow anY01le cIse to do, anything affecting the Property (ö) that is in violötion of öllY EIlVironmental Law, (b) which creates an Environmental Condition, or (c) whicll, due to the presence, use, or releöse of ö I-laZärdous Substance, creates a condition thöt ödversely affects the value of the ProperlY. Tile preceding two sentences slwlt not apply to the presence, use, or storöge on tbe Property of small quantities of Hazardous Substances that are generölly recognized to be appropriate to nO[ llöl residential uses and to maintenance of the Property (including, but not limited to, hazördous substönces in consumer products). Borrower shöU promptly give Lender written notice of (a) öllY investigation, claim, delnänd, lawsuit \.Ir other öclion by any governmental or regulatory ögency or privöte party involving the Property önd any Hazördous Substance or Environmental Law of which Borrower hös öctuöl knowledge, (b) öny Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or thrcat of release of an)' Ilaz.<lrdous Suhsl<lnct:, önd (c) any condition cöused by the presence, use or release of <I lIözördous Subslanee which adversely allecls the völue of tile Property. If Borrower learns, or is notified by any govemrnentöl or regulatory authority, or any privöte party, thöt öny relllovöl or otber remediation of any I-Iazördous Substance affecting the Properly is necessary, Borrower shöU promptly take öll Ilecessöry remedial actions in accordönce with Envirollmentöl Löw. NOlbing herein Sllöll creatc any obligötioll 011 Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and ögree ös follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration followillg Borrower's breach of any covenant or agreement in this Security Instrument (uut not prior to acceIeratioll 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 from the date the notice is given to Borrower, by which thc default must be cured; and (d) that failure to cure the default on or uefore the date specilied in the notice may result in acceleration of the sums secured uy this Security Instrument aud sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to uring a court action to assert 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 noticc, Lender at ils option may require immcdiate paymcnt in full of all sums secured by this Security Instrument withont further demand :llld ni.ay invoke the power of sale and £In)' other remedies permitted by Applicable Law. Lender shnll ue cntitled to collect all expellses incurred in pursuing the remedies provided in this Section 22, including, uut not limited to, reasonaule attomeys' fees ami costs of title evidence. If Lender invokes the power of sale, Lender shaU give lIotice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the WYOMING· S"gl, "mily - ,,"", M"/F,,ddl, Moo UNIFORM INSTRUMENT A::.",3051 1/01 ",..",..~, ,~.. ". ,,~.,", 'm. ",. ,.W, """'" (¡m,d of , "~. ~ OOOb~u sale to Borrower ill the manner providcd in Scction 15. Lcnder slwll puulish the notice of sale, aud the Property shall be sold in the nwnllcr prcscribed by Applicable Law. Lender or its designee may purchase the Property at auy sale. The proceeùs of the sale shnlI be applied in thc following order: (a) to all expcnses of the sale, incluùing, but not limited to, reasonabIc attorneys' fees; (b) to nIl sums secured by this Secul"Ífy Instrument; and (c) any excess to the person 01- persons legnIly entitled to it. . 23. Release. Upon p"ymenl of all sums secured by this Security Instrument, Lender sball release this Security lnslrumeut. Borrower shall r"y any recordalion cosls. Lender may charge Borrower a fee for releasing this Security ] nstrumenl, hUI only if Ihe fee is paid to a third rillty for services rendered and the cbargiLlg of tbe fec is pennitted under Arplicahle Law. 24. \V~lÍvcrs. !30ITllWLT rckascs allll w;livcs all righls under and by vir(uc of fhe homestead l:xemption laws of Wyoming. BY ,sIGNING BELOW, Borrower al:CCpIS ¡Ind agrees 10 (he terllls and COYeLlan(s contained In this Security InstfumeLlt and ill any Rider executed by Borrower and rl:corded with it. JOS{! P~P p,...........,..................... ~Ë;;r;~:a~~ ~:.r /7 ~ A;,;z~PØ,....... .. .~. .P.·.·.··........... P. P~jj~,~~::~ ISpace Below This Line For Acknowledgment] ,sTATE OF WYOMING, .L.I~.~Q~~............................................................ County ss: The foregoing instrumenl Was acknowledged herurc me [his. p.8:.1.5:2.QQS....................................................... (date) by )QM.N.I, ~.~QN~~; ~.E.Y9NA '~" ~rQ~.E.~,.~µ.~~A.N9.~NQ W!f!=.........................................,................................................ (person acknowledging) My CDIllmission expires: 06.14.2012 ARON WALKER NOTARY pUBUC 8H . STATE OF COUNTY Of wyoMING LINCOLN MY COMMISSION EXPIRES JUNE 14, 2012 .~.~................................. SHARON WALKER WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Bankðrs Systems, Inc., St. Cloud, MN Form MO-l-WY 8/21/2000 Form 3051 1/01 (page 7 of 7 paget) lot 650 of S~r Valley Ranch RV Park Plat 2, Lincoln County, Wyoming as described on the official plat fueÆ~" . 000651. Old Republic :'t/lltjoDal Title Insurance Cumpany ..