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Q.1AC I.vbrtgage, LI.C
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SINCE 1904
1100 Virginia Drive
Fort Washington, FA 19034
Prcpan:d By:
Lisa Rising-.M:x:>re
GMAC I.vbrtgage, LLC
4405 E Cotton Center Blvd, Suite
130
Phoenix, AZ 85040
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......--¡Sp'ICC Above Th¡~ Lint' Fllr Recording Datil!
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SI:¡te of Wyoming
MC}RTGAGE
¡-¡CH!\ ClSC No. - .......---- .........¡
¡ 5911060265703 I
L.....,........___.__..._..__..............._____,_.__.
100037506871288578
¡\¡IN
THIS :v¡ORTGAGE ("Security Instrmn.:nt") is given on
Tbç ;\1m1gagor is Shayne S. Burgess and Jenifer Burgess I Husband and Wife
as tenants by the entirety
("Burrower"). 'rhis Security hJ,Strumcnt is given toi'vlortgagç Elc..:tronie R~gisIJatil)n Systems, [I1C, (";VLERS" J.
(solely <is lIotninee for Lcnd<.:r, as hereinafter ddined, and Lcnòcr's SUCI.:CSS(.H'S and assignsì, a.~ mortgagee. ?\IERS is
l.)I'ganízu.\ and existing under the laws of Dcluwurc, am! has an address and tckph()n(: mJIIlh:r d' P.O. f:hro,; ;::02Ú.
flint. :\'11 4850],202Ô, td. (888) 6ìlì-\IERS. GM!\C M:>rtgage, LI.C
("Lender") IS organizcd and existing under the luws of Delaware
bas all addres:; of1100 Vi:r:gi.nia Drive, Fort Washington}
. and
PA 19034
. Borrower owes Lender tlH: principal sum of
One Hundred Ninety One 'lbousand Nine Hundzed Eight:¡ Seven and 00/100
DoHan; (U.S. $ 191,987.00 ).
This dchf is evidenced by Borrower's note dated the same date as this Security Instrument I"NNC" k wÌHch
provides rÙr monthly paymenh, with the fÜlI debt, if nol paid carlier, duc and payable on October I, 2038
. This Security Instrument secures to L\.~JI(.icr: [al thc repaY/Ill:!!t of tbc debt cvidŒœd by Ih:
Note. with interest, and aU renewals, extensIons and [1)odifí..:ati')l1s of tbe Note; (hI the payrncni of aIJ ,)il;eí SUJH",
with ínt,:resi. ;rdvanced I.1mlcr paragraph 7 to protect thc :,œurity of this Seeunty lnstrumcm; ¡md Ie) the pcrilmn:llJL'c
of Ik'rrcwcT's covenanrs and agrc-:rncnts under this Security Il1strumGnt and the Not-:. For this p\Jrpo~c. Horwwçr
dol's hereby mortgage. grant and convey to \'IEHS (solely as nominee fDr Lemler and Lender's S\1l'CC.\50rS and
lOO4NWY 000687128857
HIA WyulIlil1¡; M.urtgag(' with MERS - 4/96
G-4N(WY) (050!!) Amend.,d !lO]
P"!Jo ~ of 9 I"hr,. "5~ 1\0
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09/29/2008 09:15am
1 1111111 11111 1111 I IIII 1111111/ illl
RECEIVED 9/30/2008 at 2:18 PM
RECEIVING # 942569
BOOK: 705 PAGE: 856
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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assigns i am! to the su.;æssors and assigns of ¡vIERS with power of sak. thc foHO\ving dc,,:nbed PIO[h:ri} lücah:d in
Lincoln Cmmty, \VYGlmng:
The Assessor's Parcel Numbe:r(Property Tax ID#) for the Real Property is
37182940103100. See Attached legal
Parcd l!)Nurnber: 37182940103100
whidl bas the address of 232 River Bench Road
Alpine ¡Ci¡yi. Wyoming 83128
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[7ip Codt~j I." Property Addrcs:,"):
'TC>GE'l'HER WITH all the improvements nuw or hereafter erecled on thc propçrty, and all ¡:i1Sl:nl\.:¡¡t\.
appurtenanccs and fixtures now Of hereafter a part of the property. An replac(,:nlcllts and additions shall alsu ¡'c
covered by this Security Instnunent. AI! of tbe foregoing is n;fcm:d to in this Security Instrulln:nt as tbe "Property."
Borrower under5tands and agrçes that :\o £RS holds on!\' legal titk 10 tbc inlercsts granted bv Bonowef if: tins
.security ¡nstrumcn~ hut, ìf ¡~eccs$ary to comply ,.vitti ¡a~ or ',:ustmn, MERS, (as TJ{)m~ICC for L'çndcl' and Lcndcr\
successol'$ and assigns), has the rigbt: to exercise any or all of tho~c imerests. inciuding, but not limited t(), the nght
H) lìm:dose and sell the..' Property; and to take any actio } rcquir;;d of Lcnder including, but not IÜniteJ to, rdca~l!1g \)f
ci1nccJing this Security Instrument.
BORROWER COVENANTS tbat Borrower is lawfuny seized of th¡; estate hereby conveyed and ha~ ¡he right tu
In01tgagc, grant and convey thc Propcrty and tbat the Propcrty is ulìcm:.umbcred, cxcep1 fin' cncUlnbmnu:~ '.1f nxmd,
Borrqwcr warrants and win <kfcnd generai1y the title to the Property against OIl! claims and demands. 5ubjçL't tu any
cncumbranci.:s of record.
THIS SECURITY INSTRUME-:NT L:oITJbìnc$ uniform CQVCtJíU1tS t(H national USt: and nmHmìÜmn (;()\'~nal1¡:;
with limitcò variations by jurisdiction to txmstituti.: II unifÖrm sc.:urity instrument covering real property,
Borrower and Lender covenant aud ag.rec as follows:
UNIFORIvj COVENANTS.
J. Payment of Principal, IutN'est and Late Ch~\rge. Borrower shaH pay whcn due the prìl1upa! f'f. anti
ink~rcst ,)11, the debt cvìdenœd by tlK~ Note and late charges due under the Note.
2,Monthl)-' P:I)'ment of Taxes, Insurance and Other Charges. Borrmver shall include in each mouthly
payment. together w'Íth the principal ¡llld interest as sd fi)rth in the Note and any latt~ charges. a sum fbr (a) taxes and
special asS\:ssments levied Qr to be h.:vicd against the Property, (b) Jeaschold paYlncnts or ground rents on the
Property, and (C) premiums fiJr insurance rcquin.:d under paragraph 4, In any year in whiçh the Lemkr must pay a
Ulmtgag..: insurance premium to the Secretary of Housing and Urban Development ('Secretary"). or in iJny year in
which such premium would have been required if Lcnder still held the Security Instnnnent, each IllOnth!y p<CÿTneI:t
sh¡¡1I a!:';o include either: (i) a sum for tbe annual rnortgagc insurance premium to be paid by Lender to th.: Set:retary,
or (ji a monthly .;harge instead of a mortgage insurance premium if tbis Security Instrument is hdd by the S,xrcI,uy,
in a rcasonabJe mTIount to be ddcrmjoed by Hw Secretary. Except for the I1wl1thly charge by the Secretary. these
items arc called "ESCH)W It.:m.'" and the sums paid to Lender are called "Escrow Funds."
Lender may, at any time, coiled and hold amlJUJlts for l.:scJ'ow ¡rcms in au agurcµ,¡¡\,c amount not to c:\c<.,,:d IÌw
maximum ,mlou;lt that J;¡ay be n:t¡uired ¡hI' BOHower'" escrow account under the r{~tâ-Esta!t:. Scltlcrw:nt Proc;;dul\'s
Ad of ¡ 9":4. ¡:; U.S.c. Scction 260 ¡ eí .we¡. and impkmcnting regulation;;, 24 CFR Part 3S00, a$ tb¡;y rnay be
amended from tunc to timc ("RESPA"), except that the l'lIshio[j or n:scrvc penníttcd hy RESPA 1\)1' unanti.::i¡n!tcd
Jbburscments Of disbursements before tbe Bot1'o\\'(:r'5 payments arc avaiJahJc in the aC(:()l nt may fmt be bast:d on
amounts due for the mot1gagc insurance prclnium,
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If the amollnts b,:!d by Lender for Escrow It.:tn:, e.~cœd thc amounts permitted to be held by RESP:\. L.tndcI'
"haJ! <lec:OUul [0 BOJTuw;;r f(}r the excess funds as requin:d by RESP;\. If1be <LltJOHntS of funds hc1d by Lendcr ,it any
11IJ1l; an.:: no! wft'íeiem 10 pay thç Lsc.ro\v Items whçl1 duc,Lcndcr may notify the norro~vçr and require BOlTowcr to
make up (he shortage as pcnuittcd by RESPA.
Tb..: Escrow Funds arc pJedgcd as addition;¡J securir.y for an smns secured by this Security Instrument It
Ih)HoWt;r tenden; It) Lender thc full paymelJt of all such ,urns, BOff(nv\:r's al,;í.'mmt shaH be cr¡;ditcd with thc balanCt~
rcmaining for all inslalJment items fa), (bl, and (c) and any mortgag.¡; in:;urancc prcmium instalhn<o:nt that Lendtr has
not bccome obligalcd to pay to the Secretary'. and Lcnder shall promptly rdimd any C.xccss tiwds to Borrowr.;r.
Immediately prior to a foreclosure sak of thl: PropCI1Y or its acquisition by Lender. Borrower's account shall t)ç
credìt¡,;d with any balance rcmaming fur ail installments for items (a). (b). and (ç}.
3. AppJiClltioll of Payments. All payrncnts lmdcr paragraphs 1 and'~ shall be applied by Lender as follows,
First, to the mortgage insurance premium to be paid by Lender to the Sccrctmy or to the mombiy dmrgr.: by the
Secretary instead oftbc tnonthly mortgage insurance premium;
;:;S~:.91xl to any tax;,;s. special assessments, leasehold paym¡;nts or ground rents, and iì¡,<;.'., flood and ,,\tk;r ÌJ;Jzanl
insurance premiums, as required;
Third. to interest due under tbe Note;
Fourth. to am0l1i7.atio!1 of the principal of the Note: anti
Fifth, to latc charges due under thc 1\olc.
4. Fire. Flood aud Otber Hazal'd Insurance. ßorTowcr shaH in::;urc alJ impwvcrncnb on the Property, whdllr
now in t':'tistei1l~e or subsequentlyereeted, against any hazards. casualties. and conÚngencies. Înduding Jire, für which
Lcnder rcquircsinsurancc. This insurance shall be maintained in the amounts and (Ir thc periods that L¡;;nd...r
requires Borrower 5baIJ also insure aU improvernents on ¡he Property. whether now in existence or subsequently
<;;reeted, against ¡WiS by Hoods to thc extent required by the Secretary. AH insurance shaH be ({uTied v..'ilb cmnpanics
approved oy Lender. The insurance poJicics and any rcnewals shall be hdd by Lender and shall include ¡os,:; payable
d.¡¡,UiiC" in tiwor of: and in a t<,1rm aç;:cptablc to. Lender.
in tbc cvent of l\)~,;, Bormwcr sha!] give Lcmkr imm¡;diate notice by mai L Ll:ndcr may make prü()f of ¡os:; if net
made prUlllplly by BO[TOWCr. Each insurance company concerned is hereby allt.horized and dircctçd to Jliakc payment
tÒr :mdJ loss din:et1y II) Lçndcr. instead (If tü Borrower and to Lender jointly.AJI or any par! of the msmanCl:
proceed:, may bc applied by Lender, at it,~ option, eitht:r (a) to the n.:ductiml of the indebtedness under the Note and
this Security Instrument, tirst to any <klinqucnt amount¡¡ applied in the order in paragraph J, and thcn to pn;p4ynlcnt
of principaL or (b) to the rcstoration or repair of tht: damag:l:d Property. Any application of the: proceed::; to the
principal shaH not extend or postpone the due thHc Qf tbe llll.mthiy payuH:nts which arc rdèrrcd to in piUagraph 2, Œ'
.;hange the amount of &l!d~ payments. AllY exccss insuralJcc proceeds over an amount required tl) [my all outwmdwg
indebtedness under the Note and this Security Instrument ¡¡hall bc paid to the entity legally entitled therdo.
In thc event of t()rcd()sure of tbis Security Instrument or other transfer of title to thc Property that cXlínguis 1Ç5
the indebtedness. a]l right, title and interest of Borrower in aod l(¡ insurance !'o!ít,;Ìcs in force shan pass w (hc
purchaser.
5. Occupancy, Preservation, :\'laimcnanec and Protection of the Pro!)crty; Bnrrnvl'(~r's Lo:m ApplielltiolJ;
Lcttsebolds. BorrolVer shall occupy, cstabJish. and use thc Property as Borrower's principal reS1dence wíthin sJ,~t)
days aftcr the execution of thi" SccmÍly InstruHH.:nl (or within sixty days of a later sale or transfCr nr the Property I
and shali contmue to occupy the Property as !3o!Towcr\ pnncipal n.:sidencc fÜr at least one year aller (hc date o¡'
occupanq". unles!; LenÜer determines that requirement \ViI! cause undue hardship tor ß<HTower, or unless cxtenuating
circumstaneL:s cxist which arc beyond Borrower's controL BoD'tnvcr shall notify Lender of any ¡;xtenuating
circum¡¡tanccs. Bom)wer shan not commit waste or destroy, damage or substantially dlange the Property or ,,!low tht:
Pr()pcrty to deteriorate, reaslmahle Wear and tear excepted, Lender may inspect the Property it the Property is V:K,Ult
or abandoned or the loan is in default. Lender may take rcasonabic action to protect and ¡m::scnc such t;¡(,mt or
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abandm¡cd Property. BŒTower shaH a)so be in deÜm!¡ if Borrmv~r, during the Joan applil:atioI1 pr{\cö,.;. g1iI'G
Ulut.erially hils::; or inacctU<JW information or statemcnb to Lender ~ or failed to provide Leoder with any ¡¡¡<ltenal
informa;tÎol1) in conw;çtïon with tb¡: luan I:vidcnccd by the NOli':. i¡¡duding, but 110t hrnitcd t¡-'. repn:scntütions
concl:rning BOITowa's oCí.:upancy of the Prop::;/'ty as a prinÓpal n:sidencc, If this Sc:curi¡y Insl.rnllH:nt is on a
kascho!d, Borrower shaH comply with tbe pronsions of ¡he lease. If Borrower acquires fee title to ¡hc Propçny. tht:
lcasehoìd and !t:c title shaH not bc mergt:d unkss Lender agrecs to the nlcrgcr in \-\Tiling,
6. ComlemnMion. The proceeds of any awanJ or ç[Llim for damages, din;ç! or consequential. in conm:c¡iunwith
any condemnation or other taking ,)[ any part of the Property, or f()r conveyance in plac..: of ccmdCHmation. an;;
hereby ilsslgm::d ant.! shall be paid h) Lender to tbe extent of tht.: fuH ammult of the indebtedness that n:maiJl5 unpaid
und:.:r thc Noh: and this Security InSlrllmi:nt. Lender shall apply such procccds to the reduction or tbe indebtedness
under the Note and !his Security lnstrurllent, first t.o any delinquent al1wunts appljçd in thc order provided HI
paragrapb 3, and ¡bcn to prepayment of principal. Any application of Ihl: proceeds to thc príncípaJ shaH not extend or
postpone the duc date of thc monthly payments, which are rcfì:rred to in paragrapl¡ 2. or chang!.: th..: amount or sudl
payments, Any excess proceeds over an amoutH required to pay all outstanding indebtedness under the Not..: ilud thi~
Security In"trument shaH be paid to the entity kg"Hy entitled t11acto.
7. Charges to Borrower :md Projection of Lender's Rights ill the Property. Bürrmvcr shaiJ pay all
governmental or municipal charges. fines and impositions that arc not iuducied in paragraph 2. Bürrowcr shall p:iy
tbc~c obligations on time directly to the cnlÌty which is owed the payment. if ¡¡¡ilun: tü pay would :ld\'ersl~¡Y ;¡n:;':d
Lender's interest in the Property, upon Lender's request Borrower shaH promptly furnish to Lender n.:ccìpt;;
cvidencing thesc p,!ymcnts.
If Borrower ¡-¿lib to make thcse payments or thc payments requin::d by paragraph 2. ur fi1i1s to perf(¡nn any otlJ\:r
ù>venants ,wd agœements contained in this Security I nstru III en I) or there is a legal procecdmg that may ~¡gnìtïc.lnny
aff~ct Lender':> rights in the Property (such as a proceeding in bankruptcy. for condemnation or to cnti.n\:(: laws ('J'
n.:gu!¡¡!íon:>}. then Lender may do and pay whatever IS necessary to protect the value of the Proper!) and L:nder's
rights in the )'mperty. including payment of taxes. ha71mjinsurancc and other items men!Íoncd in paragraph 2-
Any amounts disbursed by Lender 'under this paragraph shall becomc an additi()nal (kbt of Borrower and b,~
:-,ecun;d by tbis Security Iustl'Umcm. 'J'hcsc anwunts shail bear intcrLst trom ¡he date of dishursenJcnt, ht the Note
rate, and at the Op!ÌI)U of Lender. shaH be immediately due and payable.
Bon-ower shaH prolllpey disdlargç ".n)' lien which has priority oVèr this Sc~eurjty Instrument unless BŒ'rowcr:
(a) agree:> Hl writing tt.' th(; paYI.nen( of tbe obligation sçcured by t!æ iien in a manner aç(:eptabk !<) Lemkr: (h)
contest:" in gO\}( ¡illth the lien by, or defcnds against cní<)f\;cmenl of the Jicn in. legal proceedings WhH:b in ¡he
Lel1der\ opinion opt,;ratl: to pn,;vcnt the cnfoJ\.;cnH;nt of thç li\:n; or (t,;) secures from the holder of the ¡it'n an
agreement ~atjs¡¡,ldory to Lcmkr subordinating the lien to this Security lns nuncnt. If Lender dctennine:, that ,Lny par!
of ¡he Propeny is subject to a lien winch may attain priority over this Sçcurity Instrument. Lender may gin:
Borrower a notice idcnli(ying OJe ¡icn. Bon-owcr shaH satisfY thc lien or take one or more of the action:; sd fortÍJ
a hove w ithi n 10 days of thc gi Ii ing 0 r notice.
8. Fees. Lender may coHeet fecs and charges authorized by ¡he Sl::en.:tary,
9, Grounds for AccelerntJoIl of Debt.
(a) Dd:IlIH. Lender may. except as limited by œgulations issued by the Sl:çretary, in tbe case of paynK~nt
ddìmlts, require immediate paymcnt in hIll of all sums s,::,cured by this Security Instrument if;
(1) Borrower dcfìwhs by failing to pay in thli allY monthly payment required by this Security In:-.trum..:nt
prior to ()r on thc due date oftbe next nwnthly payrnçnt, or
Oi) Borrow.::r det:w](s by fìríling. for a period oftbirty days. to pcrf(nlll any otber ohlÎgatlÜns i:olìli1În.::d
in this Security Instrument.
(b) Sale Without Credit Approval. Lender sbalLif pCnlJÎtted tJ)' applicable jaw (induding ScdiOn 34 ¡ (Ii!
of the Garn-St. (ìcn:nain Depository Institutiom Act of ¡ 982, j 2 USe. ! ìO ij-3{d)) and with ,be prior
approval of thc Secretary. require immediate piJ}ment in tllll of all sums secured by this S(xurity Instrument
if:
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(i) All OJ' part of the Property, or IJ bcm:ficia[ ¡nte-regt in a trUSt owning all or part of thl; ¡~fOpeJ1)', is soìd
or Qt!lCTWIS": transferred tother than by devise or descent), and
(ii) The Pwpen)' is not occupied by the purchaser Of grantee as his or hcr principal residencc. or the
purchaser or grantee docs so occupy the Property but his or her eredit bas not been approved in
accordance with the rcquircmellb of the Secretary.
(c N()W~\ivcr, If circumstances occur 111at \\lould permitL:nder to require imrnedialC payment in tilJi, bw
L:nder docs n',)t require such payments, L¡;ndcr docs not waiv(; its ngbts with n:sp(;çt ¡,¡ subseqllenl e\'cuts,.
(d) Regulations of HUn Secretary. In many ein:umst1Jm;es n;guiations issued by thc Se,:n:tary win limit
Lender's right.,;, in thc case of payrm:nt ddilUlts, to require immediare payment in full UJHJ tÙn;ç OS<: if Tit)!
paid. This Security instrument <.!<.Jcs not autborizG acceleration or foreclosure if not permitted by n:g.u laÜUlJs
of the Secretary,
(e) Mortgage :'-Jot Insured. Borrower agrees that if this Security' Instrument and thc Note an: n\.it dctermin\:d
to be ebgibl¡; for IU$urancc under the National Housing Act within 60 days íÌ'orn tll\: date íll;n:oC Lcmkr
may. at its opcíon, require immediate payment in full of aJJ S¡HlIS secured bv this SL:clInry !ustnmlcnl. A
wrinen stakment of any autborized agent \)f the Secretary dated subsequent to 60 days limn thc date bcre\,r:
dcdinrng to insure this Security Instrument and th¡; Note, sball be deemed eQlJclusivc pro{)f of such
ineligibility. Notwithstanding the t()f¡.:going, thi~ option may not be exercìs..:d by Lender .,vben 1llL:
11lJ<lvaiJability of insurance is solely due to Lender's Ü¡ilurc to renlÌt a rnortgagc insurance premium to the
SCCTetary.
W. Rcinshlfcmeut. BOlTowcr ha" ;;1 right to be reinstated if Lendcr has r(~qtl¡rcd immediate payrnent in hlil
be<:allsc of BùtTOWCr'g fai1urc to pay an mnount due under the Note or this Security Instrumcnt. This right applies
C\'ç;Jl aricr force Josl1re proceedings an: instituted. TQ reinstate the Security InStI1JmcfH. B{)rrow~r shaH tender 111 a
Jump sum all amlH fl1s required to bring Bornnv(:r's account current including. to the extent they arc obhgillÍons of
H\)rrower under tbis S.;eurity Instrument, forcclosurc eO:cit5 and reasonable and customary attonleys' fees and expen¡;e"
properly associated with thc f(}redosurc ImJC'(;:cding, Upon rcinS(,Hcmeut by Borrowt~r. this SceurÍly Instrumcnt and
thi.: obhgatiul1s that it secun:s shall remain in effect as jf Lender had not required immediate pa}'mcTI( in fllJ!.
Howc" cr. L:ndcr is not æquircd tQ p.::rmit. rcinslatert:lem if: (i) Lender has accepted reinMatemcnt aHer the
¡,;omlllcnccm:;nt of f(¡n,:çJosun: proceedings within two years irnmcdialely preceding the commenccment of a current
!{¡re¡;]osure proee\;dmg, (Ü) reinstatement Ivill preclude foredosmc on different grounds in the future, or (iiì)
n:inslatement wiB adversely aftcct IlJC priority of thc Ji(;;n cn:ated by this Security Instrument,
J 1. Borrowc¡· Not Ilclensed; Forhearance By Lender Not a W.Üvcr. Extension of thç time ()f paj1ncnt or
mo{hfk.ttÍon (If ammtiza.tíon ()f the :>wns 5ccureù by ùli~ Security IlJslnll1H:nt granted by Lender to any ~1H.>e(·I>:'or in
intcr\:sc of BornJwer shall not operate to reh.:asc tbc ¡iahility of (be original Borm\ver or Bl't'WW\;r'~ S1JCCl:.,Sor in
interest. Lender shal1 !lut 'o\: required to comrnen<.'c proceedings against any :;UCCCSSOf in interest or refUSl~ Ie cxlcnd
time t~)r payment Of otherwise modify amortization of the surns secured by this Security Instrument by reaSQ!ì of iJ.I1Y
demand made by the original BorrO\ver or Borrowcr's sUCCt:ssors in inl1::n;st. Any f(xbeamnec by Lender in l:xereising
any right or remedy shaH not be a waiycr oj' Ol' preclude tbe exercise of any right: m n;rncdy,
J 2. Successors and Assigns Bound; Joint and Several Liability; Co-Sigllt'rs. The eov(;wmts anJ agn.:,;rm:nts
of this Security Inslrumem slmU binJ and benefit tbe successors and assigns of Lender and Borrow<..:r. subject to the
pwvisions of p<\ragraph 9(b). Borrower's covenants and agreements :ilm1J be joint and several. Any Borrowcr w]¡\)
co-signs thts Security InstnHncnl hut docs not execute the :\otc: (a) is co-signing this Security lr;stmmem u¡:Iy tu
mortgage. grant and conwy that BO!Tower'" mlerest in the Property under thc terms of this Security 1 )~1n¡¡n¡;nt; I b)
i$ not personally obligared to pay the sums SCCurCl: by this Security JnstruIlH.:nt; and (c) agT¡;CS that Lcndt.:r and any
other BÜrTOWeI' may agree to extend, modìfY, {(¡rbear or make any accornmudations I"ilh regard to thc t¡;nns of this
Security InstnllTtcnt or [he Note ',vit}¡,mt that BOlTowcr's consenr.
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13. Notices, AlJY notice to BOITQWCr provided for in this Security Jnstrmnent shaH be given by dt:livcril1g it or
by ¡¡¡ading it by first class mail unJcss 11pp[iciÚ;¡]e law requircs use of another method. 1'lIc notice sbaH he.directed 10
¡hç Property Address or any other addrcs",> Borrower designates by nolict: to Lender. Any notice II) Lender shaJJ be
given by tirst cla:;s mail to Lender's addn:ss statL:d herein ur auy addn:ssL,cndcr designates by notice to BOfTOWCr.
Any notice provided for in thi¡,¡ Set'urity Instrument shal! be deemed tu have been given to B()rrow\~r or Lender when
givcn as provided iu tbis paragraph,
14. Guvcrniug L:nv; Severability. This Sccurity Instrument sball be gowmed by Federal htlN and thç Inw of
the Jurisdiction in w[¡idl the Property is located. In tbc event tbat any provi~¡on or daus1.: of this Security [nstmIHeni
or thc Note conniel:> with appJicabJc law, such conflict shall not aftcct other provisions of this S\ècurilY Instrument or
the ~otc which can be given effect ivìtholJ! the connicting provision, To this end the pmviswns of ¡be' Se..urit)<
Instrmnent and thc Noh: are declan.:d to be Scvt:rable.
J 5. BUl'rower';>! Copy. Borrower shaD be given one cnníÒrmcd copy of tbe Noh; ancÌ of this S\xumy
instl1Jrncnt.
Hi. Hazardous Subst:Ulces. Borrower shaH not caUSl~ or pCllllit ¡bc presence, use, di;~p()saJ, storage, or rekasc
of any Hazardous Substances on or in the Property. Borrower shall not do. nor a¡¡ow anyone else Ie do, anything
affècting thc Property that is in violation of any Environmental Law. Tht: pn;œding two sentences shaIJ not. apply to
the presence, use, or storage on the Property of smalJ quantities of Hazanious Substmh:cs th:lt are generally
recognized to be appropriate to normal residential uses aud to maintenance of the Property.
BOlTowcr :;hal! prornptJy give Lender written notice of any investigation, claim. dcrnand, lawsuit or mll..:r action
by any g()v~:nHm:ntal or 1't'[.tlIJatory agency or private pariyinvo]ving the Property and Hny ¡Ia;r,ardous Substance or
Enviromncntal L;nv of which Borrower has actual kno\vledge, If Borrower learns, or is riotifícd by any governmental
or n::gtdatory authority, that any removal or (Hber remediation of an)' ¡"¡a7ardous Substances aíkcting tbe Prof)\:rty is
flccessary, Borrower shaH promptly take all necçssary remedial actions HJ accordance with Environmenta] Law.
As u~cd in this paragraph j (1, "fJazardous Substances" arc those substances defínet! as toxic 01' hazardollS
substat1\.·cs by Environmental Lm.v aud the following substances: gasQline, kerosene. otber tlammable or tOX.IC
pctroktim pmduds, toxic pcstÙ':.idcs and l¡çrbicides., vdatilc so]ycnts, nHltcriab; containing ashc!>tos orfzmnaidchyde,
and radlU<lctivc materials. As used in tbis paragraph 16. "Environmental La\'/' means Ji:derul lav.'s and bws uf thc
Jurisdiction whcn: the Property is ¡()(~ated that rdate to health, satet)' or environmental protection.
NON-UNIFURlVI COVENANJ'S. Borrower and Lender fÜrt!Jer covenant and agree as foHnws:
17, Assignmcnt of Rents. Borrmver unnmditionally ,¡ssigns and transfers to Lender al! thc rents and rcvcm¡c,
of th;; Property. Bmrower authmizes Lender or Lender's agents to collect th~ n:nts and .n:vcliucs and bereby dm:.çts
.:¡¡ch tenant of the Pwperty to pay tllc rents to Lender or Lender's agents. 11owI:;\1(:r. prim to Lcnder\ nNi,:.: w
Borrower of BOl'[O\vcr's brcach of any ç(wenaut or agn.:ement in the Security lu;;trumcl1t, BOITowa shall coHcc¡ and
reœrve aU rents and n::vcnucs of the Prop.::r!y as truslee fOT thc benefit of Lender and Bormw;;:r. Thi" J.ssignment i'f
rents cons¡jtutl~s an absolme assignment and not an assignmellt for addítiomtl security only,
If Lender giv;;s 110tice of breach to BorrO\ver: (a) all rents n:ccîvcd by BOITower shal! be held by Borrower as
truskc ïor bcnent of Lcnder on]y., to be applied to the slims secureLÌ by thc Security lUò'trumcnt; (b) Lender ~b1J1J be
cntítkd to cnlIce! and rCl.'eive a]j of ¡hc rents of thc Propcrty; and (c) each tenant of tlle Property :o;ha]j pay all r<:nts
duc and unpaid tnLendcr ür Lender's agent on Lender's wntTen demanù to the tenant.
BotTOWcr has nlit c;¡;cl~uted any prior assignment of tbc rents and has not and vviIl not perform any ad that \hJtdd
prevent Lender 1+0111 exercising its rights under this paragraph 17.
Lender shan not be required to enter upon, take control of {Jr maintain the Property bd(JrI.: or aft.cr giving JQtiù:
of breach to Borrower. However, L,:nder or a judicially appointed rceeiver may do 50 at any ¡iIne th;,;re is " hr.'adL
:\ny appJìçalion of rents .;;baTJ not cure or waive ¡¡ny dchmlt or invalidate any other rigbt or remedy of Lcmkr. This
assignmcnt ofIents of the PWPCity shaH terminate when the debt seemed by th,' Security !u5tr\JIUent is paid in full.
1004lWlY
000687128857
.-4N(WY) 105QI/:
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Paglo! dlJf 9
O~~9~O~
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Hi. Furedosurc Procedure, If Lcnder requites immcdhlte payment in full under pnragr:¡ph9, Ll'ud(' ' [ Uly
invoke the power (}f s,lle and any o¡(ber remedies peauiUed by a )p¡¡cllblt~ I:HV. Lèlld{~r shall be entitled to {~ollect
all expenses incurred ill pursuing l1u~ remcdil's !JfOvidcd in this paragl'aph HI. including, but not limìted to,
rcaso }uhlc attorneys' fees aud costs of title evidence.
lfLender invokes the power of sale, Lender sball give notice of intent to foreciose to BOlTOWH .Iud to the
pl.!rSfHl in possession of the Propert)'. if different, in IIccordulIce with applicnblc law. Lender shall gin.' IIotice of
the sale to ßOlTowcr in the manner provided ill paragrapb 13. Lender slI'Ill publish the notice of sale, and thc
Property shaH he sold in the nuumer prescribed b)' appHcahle law. Lender or its designee m~\y Imn~hase t!.11;~
Property at an.}' sale. l'lte Imlceed!oi of tbe !oiale shall be applied in the followÎng order: (a) to all expcnscs of tiw
,~a!c, including. but not limited to, reasonable attorneys' fees; (h) to all sums secured by this Sl~curir}'
Instrument; ~lUd (C) any excess to the person or persons legally entitled to it.
11' the Lender's interest in this Security [lIstnllllent is held by the Secrehlr)'lllld the Secn·turJ n'quircs
innncdilll'c p~lymcnt ill full under Paragraph 9, the Secretary may invoke tbe nonjudichll !}(H,'er of S:I ¡'
provided in the Single f',uuilyMortgage Foreclosure Act of 1994 ("Ad")(l2 V.S.c. 3751 el serj_) hy reljU('Slîng
a li>rcdosure ('ommissioncr desigm¡ted under ¡he Act to commenc~ foreclosure and 10 sell the Property <1,1;
provided in the Act. Nothing in the preceding sentence shall deprh'e the Secretary of auy rights othcrwi!'c
available to a Lcnder lindeI' this Paragraph 18 or applicable law.
19, Release. Upon payment or all ~lJms secured by this SeclJrìt)' Instrument Lender "hall n.:jçasc this Security
¡nstTlIrn~~nt without charge to Borrower. Borrower shall pay any recordation costs,
20.W¡¡ivcrs. BOlTower waives all rights of homestead exemption in the Property and rciìnq\JJshcs an rights 1'1'
curtesy ,me! dower in the Propeny,
2 L Riders to this Sccuri,ty Instl'umcnt. If onc <J\" more riders are executed by Borrower and rccorded tügdlxT
with this Security Instrument, the i:ovennnts of eaeh such rider shall be incorpnratcd into and 51mll anH.:nd and
suppkmçnt thl.: n)\lçmmts and agrçements of this S¡;çurity Instrument as if the ridcl'ts) 'were a part of this Sccunty
Ins!£!uncnL I. Ch¡;:ck appl icabk box (c:s ) I.
D Condominímn Rider
D Planned Unit Developmcnl Ritkr
[J
o
Growing Equity Rider
Graduated Payment Rider
D Other ¡specify
1004Nï4Y
000687128857
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BY SiGNING BE1...0\V, Borrower a,:r.:cpis a.nd agrees to the tenus contained in this Security Instrument and in
any ridcr(sJ executed by Burrower and æcmded with it,
Witncssc;;:
(;0\)863
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lOO4MiY
000687128857
09/29/2008 09:15am
e-4N{WY) IV6U!!i
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Pf.~t1f': 8 d º
Sl'AIT OF \\o'Y01\HN(;, Teton
û00864
Coullty 5S:
The 1{)Icgoing instrument was acknowh.:dg(:d bcfÒn; H.1C this
by Shayne s. Bu.rgess and. Jenifer Burgess, Husband and Wife
My Co",,,,;""'" Exp"" / ð /t ( Þ / /
"(¡¡ary Public
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:: . D, Fenton - NotlllY Public ::
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: County of amt, of ::
:: Unooln Wyoming :
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: My Commle.lon plree 10/11/2011 :
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l004NWY
000687128857
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EXHIBTI IIAII
C:OôS65
The South ~ of Lot 41 and all of Lot 42, Palis Park Subdivision, according!o the official plat thereof
recorded in the County Recorder's Office of Lincoln County, State of Wyoming,.
'.
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