HomeMy WebLinkAbout943700
R<:llHníu.
GW:: MJrt..gage, LI.C
~
lmtd l1tle
_(9mpany
SINCE 1904
000295
1100 Virgi.nia. Drive
Fort Washington, PA 19034
Pn.:pan:d By:
Lisa Rising-M:Jore
GMAC MJrtgage I LI.C
4405 E Cotton Center Blvd, Suite
130
1?hoeni.x¡ AZ 85040
-oOû856
_"~'~_"'_""'"_9__~''''_¥_''_~''' ~._".._",..."".
....·..·-JSp'I"C Above T1Ü, Utw For Recording ¡hi..¡ -_~......__....._.._____............._..................
MORTGAGE þ~::::~65~~----1
.,.............. ...............,......................___._......_...1
St.¡tc of "Wyoming
!\'IIN
100037506871288578
#-~~..
<toy
''''1.
Co.
TlHS \'JORn,;At)E ("Secmity Jnstmmcm") is given on 9/29/2008
TIJÇ \1()rtg<1~;or í~ Shayne S. Burgess and Jeni.fer Burgess, Husband and Wife
as tenants by the entirety
(J
CBürrowd'). Thi.s Security Instrurncnt is given toì:v· ortga.g'ò EIc..:tronie Rçgist.ratiün Sy~tt::ms. [n.::. ('.'vIERS"\,
(solely ,is fH.Hnim.:<: for Lendcr, as hçr<.:inartcr defined, and Lender's SUCl'..:,;;,;;,,)r,;; and a.5:;ÍglJs), as tnQrtgagc;;. I\!!.]{S is
urgan.Îzed and existing under tht: laws of Ddawan.:, aud has an address ¡md tdcplKH1C lHunbc¡ of P.() Box 20'::Ú,
Flint, \11 4850]-2026, ld. (8S8) 679-;\-JERS. GW:: MJrtgage, LI.C
("LcoÜcr"¡ IS orgm;-;zcd and cxisting uudt:r t]¡(;; laws of De.laware
ha:; an ¡H.idress of1100 V.irginía Drive, FortWa.shington, PA 19034
. Borrower owes Lender thc pnncipal sum or
One Hundred Ninety Oœ Thousand Nine Hundred Eight¡ Seven and 00/100
DoHani (V, S. $ 191,987.00 I,
Tlris deht is evidenced hy Borrower'" I1l.HC dakd the sHIne date as this Security JnstnHnCl1t ¡"NNC")' ¡dBCh
provides fùr monthly payrm:nts, with tbe luJJ debt if not paid t.:arli(;f, dlle and payable Oil October 1, 2038
, ThÙ, Scçurîty Instrument secures to L_~ndcr: ta¡ tbe repayrlll:nt ef ¡hc dcbt cvidcn,:ed b~' th..:
Note. wÍl/¡ interest, al1d all rt:newals, eXlension;; and modifications of tbe Note; (hi the payrw:nt d' an ()Ü;¡.:r sum".
,....ith inkrc:;!. advanced IJIHkr paragraph -; to protect the sœurity of tins Secunty Instrumcm: ;md lei tJ~c pcrfl'rrn;u;c'\:
ofB(\ITGWcr's covenants and agrcerncnts under t!¡i$ Security Instrument. and the Nok. For this purp(J~c. Ikrr<~wcr
docs hereby mOltgage. grant and convey to ?vIERS (sok))' us IHHlii.nce for Lemler and Lcndt;r'~ :mt'cl::'S,Jrii an,:
, and
lOO4NWY 000687128857
F!lA WrulJliug :\l.ul·tg:tv.\' with rvU:RS· ·+196
Q-4N(WY) ¡()é.o,n Ameu, ,,¡ ZlOJ
~ ~
Pe.~}1) f of '9 In;t'·¡\!!~..~
VMP ,"-"'tH1\~af¡I'J SØhI:'00:~, fne,
09/29/2008 09;15æn
I 111111111111 1111 Ifl/ fill 111I
* THIS DOCUMENT BEING RE-RECORDED WITH DATE OF MORTGAGE ADDED.
RECEIVED 11/18/2008 at 10:54 AM
RECEIVING # 943700
BOOK: 709 PAGE: 295
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
RECEIVED 9/30/2008 at 2:18 PM
IVING # 942569
BOOK: 705 GE: 856
JEANNE WAG
LINCOLN COUNTY CLERK, KEMMERER,
....-
~
~
OOö296
ûOv857
assignsJ aud to tbe s\Jcœssors and assigns of ¡vIERS Ivith w}wer d'sale the following described pr()p~:rty 1(\C:lk'd n~
Lincoln COlmty, Wyomm¡;:
The .Assessor's Parcel Nun:ber {Property Tax ID#} for the Real Property is
37182940103100. See AttaChed Legal
Pared ID Number: 37182940103100
wbidl has Ibc address of 232 River Bench Road
Alpine [Ciryj. Wyornìng 83128
l~··\'\xq
[Zip {'od,,; ("Propçrty AddrC'ss")~
TOGETHER ViiT!! aJl the improvements now or hereafter erected on the property, and aU i.:aSI:n¡,:nt",
appurtenances and fíxtun.:s now or hcn.:afkl' a part of the property. AU replae<:.rm:nts and additions "ball also h<:.
(Covered by thi;; Security instnH1It.~nt. i\1l of tbe fQregoing is rdhn::d to in this Security Instrument as the "Property,"
Borrower understands and agrees tbat ~\'1ERS bolds only legal tilk 10 the intcn.:sts granted bv BOlTowl~r in this
Security Instrument; but, If ¡;eu:s;;ary to comply witb la\~' or '~ustmn, ¡vIERS. (as TlOm¡;lCc for L:.:ndcr and LCl1dn"~
succe5sor:::, and assigns): has the rigbt; to ext~rcìse any or all of th()$c interests. including, but not !iul¡ted It). ¡he right
to foredose and sell the Properly: and to take ,my action required of Lender including, but !lot lirnited to, rdcasmg \~r
canceling this Security Instrument.
BORROWER C(NENANTS tbat Borrower is lawfuJ1y seized of the estatc hereby {:ol1vcycd and has the right !\1
I)J0l'tgagc, grant and convey the Property and that the Prop.:rtyìs unelH;umhcred, except fÒr cueuluhnmC',;s of rCl·\Jn:.
Borrower warrants and win defend gcneralJy the titic to the Property against aii claims ,ltJd deman<..k suhject (,) any
clKumbrancçs of record.
'll1JS SECURITY ]\STRUriIF,NT combl11cs nniform covct1ant~ j()( national use and nmHllIlforrn (;ov~;na1'l:;
'.vith liulited va.riations. by jurisdidjoH to (,mstÎtutç a uniform sccurity mstrumcnt cov.;;ring rea! propcrty.
Borrow<:r and Lcnder c,¡Vcmmt ¡lDd agrc·c as foJ1ows;
UNIFORM COVENANTS. ~
J. P¡¡,'iment ofPriutipal, Interest and Late Charge. Borrov.'er shall pay when due thc principai of. an~j
inti.~rest \m. tbc debt c"ìdcnccd by the Nole and ¡ate charges dUl" under the Note.
2. MOl1thly P:lymcllt of :rnxt~s, Il1sunmcc and ~Otbcr Charges. BOITO\VCr shall include in cad, nmnthly
p:J.ymcnt. ícgctbcr \vith th:.: princi¡m! and intçrcst as 5,::1 IÒr1.h in lbe Note ;m(1 any l<m; d1<!rgco;, a SUiYl !~);' l¡¡} t:¡'\í.~S and
special assessments levìçd or to be levied against the Properry, (b) Jeasehold payment, or ground rem;; on thc
Property, and (C) premiums fiJr insurance required under paragraph 4, In auy year in whidl the Lender nm:>t paj i¡
mortgag.: insurance premium to the Secretary of Housing and Urban Development ("Secretary"). or in any yçar in
which such prerniurn would have been required if Lender still held th(; Security JnstnlIncnt, eacb ¡Jlonthly payrnC]~l
shall ah,) include eìther: (1) a sum tor tbe annual nwrtgagc Insurance premium to be p.Üd by Lender to tilt: SClTctary.
or (j¡ ¡ a monthly charge instead of a mortgage in;;urance prcrnìulH if this SCi.:urity Instrument is held by the Secretary.
in a n.:asouabJe amount 10 be determined by tbe SccretiU')!. Exœpt for thc monthly charge: by the Secretary. lhc$(:
ilems al'(; c,dh:d "hemw It\.~ms" and the sums paid Í() Lcnder are called "Escro\\I Funds,"
Lenò,'r may. at any time. col!e<:t and hold amounts fÒr Escrow jtcms in au aggn:gatc amount not to l"xc<:.c;d the
maximum arno\Jnt thaI may bç re<.¡uircd I' OJ BOlTO\\iCr'S escrow ¡¡ecount urHJcr the Rcul Estat¡; Sdtlcrw..'n[ Proc-.:durç:>
Act of 1<)74, L: C.S.C. Section 260 I ei .Irq. and implemcnting n.:gulaÜ\ms, 24 ('FR Part 3500, ¡¡S tbcy may h:
arncndc¡jhom tl111e to time ("RESP:""). except that thc cushiun or n.:serve pcmlittcd by RES1)A I~)r unantÍÓpatcd
di"burscmcnts Of JísburscmelHS before the Borrower's payments arc availabJc in the account may n~)( hI: hased on
amounts due f()r the mortgage insurance premium.
1004.NWY
000687128857
G-4N(WY) tQ~o!);
,~
P(J~l~ 2" Qf S!
o~~::~~
~
00&297
û00858
If thc amounts held by Lender ft.)]' E!icrow Items excced the anlOuo1.$ permitted to be hdd by RESPA Lendcr
:,haJl aü:ouut to BU]1uwer f(}[ the excess ¡Ünds as required by RESPA Iftbe amounts of funds held by l,çnder at any
tIme an: not suJlieit.:¡¡t 10 pay the Escrow {t:;:ms whcn due, LcndcT may notity t.he Bnrrow¡;:r and require 13or£,\)\\cr I,)
make up ¡be sbortage as permittl.:d by RESPA.
Tbe Escrow Funds arc pledged as additiona1 sccurilY for all ~mns secured by this Security Inst.rumcnt It
I:h>HOW¡;r tenders to Lendcr the fllll paymcnt of all :mch sums, Borrower's account :,;han be cn:dited with the balançc
remaining f()f all installment items (a), (bJ, ami (c) and aoy mortgage insurance pre.mium instalh:nent tbat Lenùt:.r has
nut bceDlnG obligaledlo pay to the S;;\.Tctary, and Lender sbaH promptly rchmd any c.;;œS$ tl¡¡tds to Borrower.
Irnme{jÌi.Ltdy prior to a tbrcclo5ure sak eJ' Ill:: PropCI1y or ils acquisitiun by Lender, Borrowds account sball hI.:
uedìt¡;:d with any balance rem¡Ünillg for ail installm::nts tt))' ¡terns (ill. (b j, and (c).
3. Applicatjou of Payments. All payments under paragraphs j and 2 shall be applied by Lender as foik)ws:
Fir~, 10 the tnur1gage insu.rance premium to be paid by Lender to the Secr::tary or to the rnonthìy charge by Ihe
S,:creüry instead orIhe monthly mortgage in~ura¡¡cç premium;
SsçgnL to any taxes. special as:iCSSl1h.:nts. !casehoJd payments or ground rcnt.~, and fir,:. flood and otJl\.:r baz,ml
insurance prcllIimns, as rcquírcd;
Third. to intcl'lJst due under tbe Note;
Fourth. to un1Ortlzation of the principal of thc Note: and
Fifth, to lat¡;: chargc!' due tmder the 1\ote.
4. Fire, Flood an.d Other ilazard Insurance. BOITOvv'er shaJl Înmrc all improvcrncnb un the Property, Ivhdh(T
now in eXÎstenœ Of subscquently eœeted, against any hazards. ,:asualties. and contingencies. induding fire. for whkb
Lcnder requircs insumnce. This insurance shall be maintaincd in thc amounts and IÓr the periods ¡hat Lt.:lHkr
requires. Horrov,,:;r sbaH alw insure al1 improvements on the Property. \vhcther now in exjstence or subsequently
crcctcd, against loss by ¡bods to the cxtent requircd by tbc Secretary. All insurance shaH be «¡¡Tied witb cornpanks
approved by L.'::n<kr. Tbc insurance pohcies and any n::l1t.:wals shall be held by Lender and shall include ¡os.;; ]'ayablc
dat1sc:-, in :;I'{OI of aud in a tè:mn ,¡,:çcptabic to, Lendcr.
In tbc ,;vclJt of 1()~5, Borrower shall give LCIl(kr immedi¡!ÍC notice by 111m LLmKk;r may make proof of 10;;5 If not
mild..: prumptly by Borrower. Each ínsuranœ cnmpany conccrm.:d is hereby authorized and directed to make paymenl
IÒr such ¡()~s din:etly 10 Lender. instçad of wBonower and to Lender jointly. AIl or any pan 01' the i11suranc¡:
procc¡,)ds may be applied by Lender, at its optiŒl, çíthcr (a) to the n.:ductíO J of the indebtedness under the Note and
this Security Instrument, tirst to auy ,klinqucnt amounts ¡¡pplicd jn thc order in paragraph 3, alHJ then to prcp¡rymcnt
of principal. or (b) to the restoration or repair of the dmuagt:d Pmpcrty. Any application of the proceeds to tl1(:
principal shaH !lot extend OJ' postpone the due dme of tbc munthly paym~T¡t~ which ale referred to in paragraph 2, or
change tht: amount of such paYllI\.:nts. Any è.'lCf:S.S insuralH:c proceeds over illl amount required 1\) pay a1l (JUNanding
indebtedness under tht: NolL: and this Security Instrument shall be paid to tÎB: entity kgally o:ntilkd tbereto,
In the CVClJt of foreclosure üf tbis Security Instrumcnt or other transfer of titk to the Property that extinguishes
¡he indebtedness, all right. title and iutcn:sl of Borrower in and 10 insurllnecpo!icics in (on:.:.: shaH pas.5 It.' thc
purchaser.
5. Occupmlcy, Prescnatíon, :\:lailHcnauce and Protection of the I>roperry; Borrow(~r's Lo:m Application:
Le:lsebolds. BurroIVer shan occupy, establish, and usc the Property as. Borrower's principal ¡-esHÌ<.:ncc within slxt)
days. aner thc exccution of Ihis SC¡;lI1Üy Ins.trument (or wìtbín sixty days of a later sa/c or transfer of ¡hi: Pn>pcrtYI
and sh<¡ ì continue to occupy the Property as BO!To\Vcr's principal n:sidel1œ ¡Ür at )cust om; year aller the date 01
OCt'upancy. unks3 Lender dcternlinc3 that requirement \Otill cause undue hardship tòr !3orrowt:r, or unkss cxknualing
cín:urnst:mcL:s exist which arc beyond Borrower's control. BOHower shaH noti!)' Lender 01' any cxtt:nual1ng
ciremmt.<mces. Bor('{)w~:r sÌlan not comrnÍ!lvastc or destroy, damage or substantially çhang¡,,; thc Propeny or dHow the
Pmpcrty to deteriorate, reasonahle wear and tear excepted. Lender may ínspcd the Prope¡1y if the Property IS V:Jçant
or abandu!1cd 01' the loan is in defaulT. Lender may tak¡,; reasonablc aÜlí.HJ to protect :mJ preservc :,;uclJ va,'aHt or
1004NWY
000687128857
Q-4N(WY) {(J5()\¡)
®
Page .) (~f 9
o~¿::~
000298
ûOû859
abandoned Property. Borrower shaH also be in deÜmit if Borrower, during theioan appi¡.:atiol1 pn\cô". gh\.G
matc;rìally ¡his\: or inaccurate inliJrmatio11 or $tatemcnt~ to Lender (or failed to provide Lender '.vith any matniai
inf(mnation) in ..:onncctioI1with thc Imm evidc;m:cd by rhe NoCi,;, inducting. but nO! IÜnitcd tn. rcpn;scnLlunIì;'
conc¡,;rni¡¡g Borrower's oœupancy of the Property as a prim:ipat residence. If this St.:curity InslrlUlU;nr I:; on ¡¡
kusehold, Borrow:;r shall comply witb tbe pr(1VIsions. of th..~ !em;c. If BIJfr()wcr 'H:quircs fee title to thl,; Property. rhc
kasehold and tCe titk sba1l not be merged unkssLenda agn,;e.;; to the merger ill wriring
6. Condemu:ttioll. Thc pnh:ceds of u.ny award or claim for damages, direct or consequentiaL in cotH¡¡x!ion with
any cO!Hkrnnation or ()ther taking of any part of thc Property, or r<1r conveyancc in place ()f cíJndefl)natmH, arc
hereby assigned and .shall be paid tu Lender to tbe extent Df the fuJ! alIlount of the indebtedness thal remaim; unpaid
undt:r thc Note aud this Security hbtrumcnt. Lender shaH apply sucb pwcç,;d.~ to the reduction of the mdcbt¡;dnçss
undel' the Note and this Security Instrurucnt. first t\J anv de¡¡nqu,~nt amounts app jçJ in the ¡mk:r providt:d 111
paragraph 3, and ¡bcn to prepayrnel1l of principal. Any applica.tion of the proceed.s to tbe príncipaJ shaH not cxtend or
postpone the due date of thc mQnthly paym.enl.s, whieh arc rdì.:rred to in paragraph 2. or chang!.: tbc am()ur.t "I' ~Udl
payments. Any execs" proceeds ovcr an amount required lu pay all outstanding indcbtcdUl:ss under the Nok ;.md t¡li"
Secnrity Instmrncnt ~ha¡¡ be paid to the cntity kga!])' c¡¡[¡tIed th":Teto.
7. Charges to Horrow{'r ~lIId Protection of Lender's Rights in the Property. Bom.lwcr sbal1 pay all
govcmrnentul or nHl!1idpal chargcs. fines aud impusitions that are notinduded in paragraph 2, B()rrow~:r ~ha¡¡ pay
tbese obligations on tirne directly tu the entity whid! is o\ved the payment. if ÜlÍllIre to pay wOlllÖ a,hehciy :d'tt:c[
Lender's interest in the Property. upon Lcndcr's rcqucstBonowcr shaH promptly furnish to Lender nx¡;iph
evidencing thcsc payments,
If Borrower faiJs to make Ihesc payments or thç payments n::quired by paragraph 2, or ti¡jis to pcrfÒrm any other
\.~\Jvcn<lnts Ilnd agreements contained in this Security Instrument, or tbere is a kgat procccdmg that may s¡gnifícuitly
a1'1'L:ct Lendçr's rights in the Property (such as a pmcceding in bankruptcy. for condemnation or to cn fÓn:c ¡aw~ (11'
n.:gulation;;,), t.henLendcr may do arid pay whatever 15 necessary to protect the value of the Property and Lc¡"kr's
rights in the Property, induding paym;:l1t ;)f !axes. ha7ard¡nsurancc and otber items mentioned in paragraph 2.
Any amlHH1rs disbursed by Lender under this pamgruph shall bCCU1T1C an additional ,kbt of Borrov,er and be
s..:cun;d by this Seçurity Instrument. These amount:; shall bear interest from the date of díshurscu)ÇtH. hI the Noll'
rate.:, and at the opti\.Ju of Lendt:L sl'mB be im¡w.:dial,~ly due and payable.
Burrower shaH prornpty discharge :'.ny lien which has priority ÜVcr this Security lnsmunent unks:> Ihmowcr:
(a) agrees Jll writing t\¡ the payment of the obligation secured by the lien in a manner acccpta.bk t\) Lendt:L (b)
contest~, in good tiÜtb rhe lien by, or defends again:>t cnf<.m:;cmcnt of thç lien in, legal proœeding& wbid.1 i;¡ Ihe
LcmÌl:r\ opinion opcrak to prevent the cnforœJ1l!.:nt of tl1\': litTl; OJ' le) secures frmll thc bokkr {)f (bç lien ;m
agrœm<:nt satisÜ".::tory to Lender subordinating thc ¡¡en to this SecurÜy InstruHh.:nt. If Lender dctennim::, thaI any part
of lhç Pmpçny i~ subject to a hen WblCb may attain priority over this Security Instmment, Lender may giv<.::
BornJ\\'\:! a no¡Íçc ídcrHiI\'ing tbe Jit:n. Borrower shaH satisfY tbe lien or take one or more of tbe actions sd lÌJrth
above \\íthin 10 days ofthc gi ving of notic;.;.
8. Fees. LcI:ndcr may eolted fees mId dmrg<:s authorized by the Sçcrclary.
9. Grounds for Acceleration of Debt.
(3) Dd~HlH. Lender may. except as tirnitcd by regulations issued by the S.:.crctary, in tlie v¡¡se of paymcnt
ddiuÜts. require mmwdia(e paym<.:nt in fìJll of ali sums secured by Ibis Sceurity [nstrUfw:nt if;
(ì) ßorrower ddìtllits by t~¡¡jT1g to pay in full any monthly payment required by this Security Instrument
prior to or 011 (hc due dme oftÌ1c next monthly payment. I..'r
(iíj Borrowa dcflUhs by ¡Üíling, for a period of thirly days, to pert(;n;¡ any otbcr obligatiOns c()ntair¡,:d
in this Security Instnlment.
(II) Sale Without Credit. Approval. Lender shan. if pcrmitt\.:d t.1Y applicable Lm' (including SCd1\l1: .14 ¡ (d)
of the Garn··'st. tìcrtnain Dcpository Institutiom ;\çt of ! 982, I2L.s.C. ] 70 Ij-3(d) iind with tbe prior
approval of the Secretary, requirt.: ìnuncdiate payment in fuJ! of all sums s>.::cured by tins Síxurity InstrmT1cnr
if:
lOO4NWY
000687128857
G-4N(WY) ((¡,,;xl)
,i!:
~)ðQe.4 or .9
09!::~1b
00&299
û0\1860
(i) All or part Of1hc Property, or Ii beneficial inter;;!'t in a trust owning al] or pall of the !~íOpcrty, is sold
or otherwise tmnsfçrred lothcr than by devise or descent), and
(ii) The .Property is not occupied by the purchaser or grantee as his or hçr priI1i:ipa! rcsidcw::e. Of' the
purchaser Of grantee dots so occupy th:.: Property but his or her credit bas not been appnYH:d 111
,Keordanœ with the rcqui.renlenb ()f tbe Secretary,
(C) No'\/,1ivcr. If circumstances occllr that would permit .L::nder to requirc ìnmH::diatc payment in t\¡lJ, but
Lcnder docs not require stich payments., Le;¡¡.Jcr docs not waive its rigbts with rcspçet to subsequent event:;,
(d) Regulations ofHUD Secretary. In many cireuJ1ktances regulations issued by the SCdctary win limit
Lendcr's rights, in the \:as<.: of paymcnt deí;mlt;;, to require.: immediate payment in fuH and tìm;:do~ç If not
paid. This Sccurity lnstmment does not autboriz.,; ,¡¡:celeration or forcclosun: if not permitted byn:g.ulatiuHs
of thc Secretary.
(e) 1\4ortgagc :-Jot Insured. Borrower agrees that if thi;; Security Instrurm:nt and thc Note arc Ill'! dctcrmim:d
to be chgiblc for iU$unmçe under thc National Housing Aet wltbin 60 days hmn the date Í1..:n:oC Lender
may, at Îls option, require immc,diat.: payment in fhH of ¡¡J) SlHUS secured by this St:t.:unty IJJst.nHw.;nL A
writtcl! statement of any autborized agent ,)f thi.' Sccn:tary dated subsequent to 60 days from the datl: b:ret,r:
dedining to insure this Security Instrument and the Note, shall be deemed conclusive pnx)f of SHch
ineligibility, Notwîth;;tanding the foregoing, this option may not be c,\en:is.;:(! by Lender when tbe
unavaibbility <)1' insurance is soldy due to Lender's ¡¡¡¡lure to remit a ¡nortgag,: insurancc premium tll the
Secretary.
HI, Rdnst:Hernellt. BOJTower hn;.; ¡1 right to he reinstated if L.ender has r(~quin:d irnrJlcdiate payrncnt in IÜîl
bCl:alJsc of Borrower's fiìÍ1urc to pay an amount duc under lh(: Notc or this Security InstruJ11eilt. This rigbt applú:s
eVCH aner fon:c!osurc pf{y.,;œdings arc instituted. '1'0 reinstate the Security InstIlnncnf. 130I1'O\vcr shaJJ tender 111 a
lump sum all all101jn1s required Í() bring Borrower's account current including. to the extent they arc obhgaÜons of
l.:h,Jrro\vcr under this Security Instrument. foreclosure e(bts and reasonable and customary attorneys' fee:, and l:Xrçnsc~
properly associatçd with the fOr\;c!nsurc procceding, Upon rcins\¡¡!cmeJl( by Bmmwer, this Security Instrument and
the obligatÙms tbat it secur...:s shall remain in effect as if Lender had not rcquirt~d immeùiate payment in full.
H()wc"~:r. Lcmkr is not requí.rcdw permit reinstatement if: (i.l Lender has aceepted reinstatement ¡¡hcr the
\,;omm.eneCIH.:ut or Itm;;,;Josun: proceedings within two yea.rs immediatJ::Jy preceding the commenccment of a current
t(Jrcc!osur<: pn.)cccding, (ii) reinstatement win preclude foredosurc on differcnt grounds in the future, or (iii)
reinstat\.'lucnt \vi]! adversely ¡¡Œ;¡;t tl1(; p.riority of tbe hen cn::at:::d by ¡his Security Instrument.
11. Borrower :'<iot Rcleased;Forhe¡¡ram:e By Lender :'<iot a W:lÌver. Extem.ion of thç time _>f pa~'n¡çl1t or
rnodìfjeati~H1 of amorÚzation of tllt: :;oums so.:cured by this Security .Instrumcnt granted by Lemkr to any :;,uc(:e::;::ior iii
intt:rest of Borrower shall nO! operate to release (bc liability of tbe original Borrower or 130I1'O\\1el'';.; SU(;(X_,sor in
mtercsl:. Lender sba\1 ¡wt hI;: n:quin::d to commence proceedings against any $UCœ$$Of in ilJkrcS¡ or n::.ji.lSc tc extend
time for payment or otherwise modí(y amortization \Jt'the sunts secured by this Security Instrument by n:ason of any
demand made by tbe original Borrower or Borrower's successors in interest. Any fÙrbeJ.J.nmce by L¡;nJer in excT":lsUJF
any right or !'Clnedy shall not be a waiver of orpredude tbe :::xcreise of any fight or re!JH.:dy,
12. Successors and Assigns Hound; Joint and Several Liability; Co-Signers. The Cüvclmnb and agrc<:.rncnts
of this Security Instrument shaH bind and benefit the successors and assigns of Lender and BOIr(\wcr. sub¡cu to the
provisions of p¡ìl'agraph 9(b). !3ürrowcr's covenants and agreements shaJI be joint and :-.evcraL Any BOIn'\hT wl1\)
c()-~igns thIs Security Instrument but docs not execute the Note: (a) is co-sÎgning this Security TnstnlJl1Cm ,miy tu
mortgage, grant and wnw)' that Borrower's mtcrcst in the Property und<òr thc terms of this Security fnslrwnent: (h)
IS not personally obligated to pay the sums secured by this Security .Instrumcnt; and (c) agn.;es that Lender and anyal)thcr BplTowel' may agree to extend, modifY. rÒrbe;lr or m"kc any accornrnodations with J'l'gard to the tl.:rnls uf Ü¡¡S
Security Instrument or the Note wÎt1JO¡¡t tbat BOlTowcr's consent.
1004bMY
000687128857
G-4N(WY) (U509;
;1!!
t'agu !i ùf 9
09/29/2008 09:15am
In¡ti«!f';~.C'p
ÛOÔ30r
û00861
U. ~oticcs. Any notice to Bonowcr provj¡k:d for in this Security Jnstrurnent shall he given by delivering It ()[
by marlmg it by first class mail unkss applicable law fCquires use of another method. The l1l'tìcc ~baH bc directed to
tbc Property Address or ¡lilY other addn;ss Bürrüwer designates by nütH.'C to Lender. Any notice ""' Lender sl~a¡¡ be:
given by first da$s Inail to Lender's address stat::¡J herein or :my ¡¡ddrcssLender dcsìgmLtes by notice to BUJTOWCT,
.\ny nnÜcc provided fiJrin this Security Instrumt:rH shall be deemed (0 havc been givcn to BOmJ\h;r or Lender wþ;:n
given as provided in this paragraph.
14. Guverníug LIW; Severability. This Security Instrument shall be gOVl'tlu:d by hxie¡¡¡¡ la\N and the ItHv of
the Jurisdiction in wbich thc Property Ü; located. In the event tbat any provision or clause of this Scçurity [¡1stwmrnt
or the '\lot¡: cnnnil.:L~ ',vith applicabk law. such conflie! shall ¡wt afíèct other pronsio!ls of thIs Security Insrnm;nlt or
tbe NQle which eim bc given effect wit bout tbc cunf1ictÌng provisIOn, Tn this enJ tbe proviswns of this Security
Instrmncnt and thc Nok arc dcdan.:d to be severable.
15. Burrower':;¡ Copy. Borrower shaH be givcn one conl()I1)1cd copy of thc Note and of this SI.:nHHY
I nstnHJ1cnt.
¡ 6. Hazardous Subst:U)ccs. Borrower sbaH uot GIU,C or permit thc preSeI ('C, use, disposaL ,tüfilg¡:, or rckas\.:
of any Hazardous Substances Oll or in the Properly. Borrower shall not do. nor aDo\\' anyone else to du. anything
affecting the Property that is in violation of any Environmental Law. Tin: pree~díng two sentenccs shajj not "pply to
¡hc presence, use, ()i' storage on the Property of small quantities of Hazardous Substançcs that arc genera!!y
recognized t.o be appropriate to normal residential lIses and to rnaìntcn;lnce of the Pmperty,
Borrower shall pn>rnptJy give Lender written notice of any invL:stÎgation, claim, demand. Jawsl1Ì1 or Ol!J¡,;r actIOn
by any govanIXJt'.lltal or reg:uJ:.¡tnry agency or private party-involving the Property and any Hazardous Suhst;mec or
Environmental Law of v,.hìch BorroWÇf has actual krh)wlcdgc. If Borrower learns, or is notii'ic'.d by any govcrnmental
Of n;gnlatory authority, that any n;moval or other rerncd¡atìon of any Ha7ardous SubstanC\:s affecting thc f'rOfh'.rty IS
necessary. Borrower shaH prOlnpt]y take all necessary remedial actions in accordl!l1C': with Environmental Law.
As u:,(:d ÎJl tbis paragraph ] 6. "Hazardom; Substanccs" are those substances defíned ¡t!> toxIC or hazardous
suhstam:es by Environmental Law and the fo1!üwing substances: gasoline, kerosene, other t1ammablc or tox IC
pelwlc:um products, toxic pesticides and hcrbicides. v()lati1c solvents. materials containing asbcsctos or ti.mnaldchydc.
and radHJactivc matl:rials. ./\5 used in tbis paragraph l6. "Envirmunenlal Lu.w" means [çdcmllaws a.nd hlWS uf the
jurisdiction when; the Property is li.Jcatcd tbat n:latc to health. safety or environmental protection.
NON..UNIFURM CO\iENAN'fS. Borrower and Lender furtber covenant and agree as fol.lnws:
17. Assignmcnt of HCllls. Borrower IUH:ol1ditionaHy assigns and transfers to Lender all tllC rents lInd revem),:,
of the Property, ßmTO\H;r authorizes Lender or Le!J(kr's agç¡¡ts to cuBed the rents aud n:vcnucs and h¡;reb~ d!rç¡;("
l~aeh tenant of the Property to pay tbe rents to Lendçr or Lender's agents. HOlivevcL prior to Lender\ )wlÌ,e tc>
Burn)\.\ier nf BO\TOIivcr's breach or any covenant or agrecmeni in thc Security In;,;trmTJcnt, HOllower "hatJ \:(,!iCG and
rcelT,e ai.! rents and n:vcnuc:s of lhç Propc:¡ty as trustee for the benefit of Lend..;!' and Borrowt:r. Thi;,; assignmC:l1t ,:'f
rents constitutes an abso!urc as.';ignmcut and not an as:.ignmel1t j~)r additwnal security imJy.
If Lender gives Jotíce of breach to Bormwer: (a) al! ¡cuts n:ceivc(! by BotTowcr shall be held by H\HTO\v.:r ,1"
trustcc for bcnel'í t of Lender only. to be appJ icd to thc SlIms secured by the SCl.'Uríty lu;;trurncnt; (b ¡ Lender ,haJJ b('
l'utidcd to collect and receive all of thc rents of the Property: and (c) each tenant of tbe Pruperty sha!!pay aa rc:¡¡ts
due and IInpmd to Ll'lJder \JT Lcnder's agent on !.A.:nder\ written demand 10 the tenant.
BOD'm'icr has IIl)t executed uny prinT assignment of tbc rents and has not ,!lid wili not perform an.y ad thaI '\-(¡\lld
prevell! Lcnder from cx¡,:rcis¡ngits rights under this paragrapb ¡ 7.
L.emkr sbaH not be required to ellter upon, take control of or maintain the Property belt)re or uncI' giving 1K'ticc:
of breach 10 BorrO\ver. rfo\\icvcr. f.Ænder or a judicially appointed rcCL:ìver may do sü at any time there is " breach.
:\ny application of rer,!::; sbalJ not cure or waive any default or invalidate any other rigbt or remedy of Lender. Tlus
assignmcnt of rents of the Property shall terminate when the debt secured by the Security Iustrument is paid HI tiJ it
1004NWY
000687128857
G-4N{WY) i()~09;
(~)
Pð{Pl r.i <~f ~
o~!.:;~o~
00ö301
ûOv862
Hi. Fon~dosurc Pwt"cdurc. If Leudt:r rCf uin.'s immediate puymcnt in full under pnragrøfJh 9, Lt'nder n¡¡¡y
invl)kt~ (be powcr of sale and any other nn1H:dics permitted by applicllblt~ law. Lcndt\r shall he entitled (0 rollect
all c:\p"lIses jIH:urn'¡j ill pursuing (lH~ n~mcdies proY'ided in this paragraph l¡'¡, ìnclutlinf.~, but not limitt'tI iO,
reasolwble attorncys' fees and costs of title t:vidence.
If Lender invokes the power of sale, Lender shall give notice of intent tu fored¡}se to Borrower 'lUd to the
person in possession of thc l)ropcrt)'. if differcnt, in accordance with applic<lblc law. Lender shall gin.' IIolicc of
the sale to Borrower in the manner provided in paragraph 13. Lender shull pt1bHsh the notice of sale, and the
Property shall be sold in the manner prescribed by ~Ipplicable Inw. .Lender or it~ designee m~\)' Imrchase the
Property ut un)' s.ale. The proceeds of the sale shall be applied in the following order: (:1) to all expenses of the
s¡¡le. including. but not limited to, reasonable attorl1cys' fees; (h) tn all sums secured by this Sl~CUrity
Instrumcnt; :lI1d (c.) allY CXC('SS to tlw persoll or persons legally entitled (0 it.
If the Lender's interest in this Security Instrument is beld b,y the Secrehtry and the Sccrrtar;r requires
immediate payment in full under P!lmgnlph 9, the Sccrehu'Y ma)' invoke the nonjudicial !JOwer (If snh~
provil!lèl in tlU) Sillgle f'amily\lorlgage Foreclosure Act of 1994 ("Aci.")(12 U.S.(:. 3751 eI Stir) by requðting
a fon~dosun: ('ommissioller designated under the Act to CtlmlllenCC foreclosure ¡¡¡ui to sen thc Property 'IS
providl~d in the Act. Nothing In the preceding sentence shall deprive the Secretary of ¡lilY righls otherwhc
avnih\l)Je to a Lcnder under this Pnragraph 18 or applit';lblc law.
19. Relt:use. Upon payment of all snms secured by this Secnrìry Jnstrumcnt. Lender sha11 n::Jcasc this Security
Instnll1h::m without charge tÜ Borrower. Borrower shall P¡¡y any recordation costs.
20. \\'aì\'ers. Borwwcr waive" all Tights of homestead exemption in the Properly and rcJinquJShcs all righb <>t'
curtesy a.nd dmvcr in the Property.
21. Riders to thh Security Instrument. If one or more riders are executed by Borrower and recorded tOgctlK:r
with this Security Instrument, thc <.:oventlrrts of each such rider shall be incorporated into and shall arncnJ and
5uppkrncnt the l:ov;.:nant$ and agreements of this S¡;n¡rity Lnstrumcnt as if the rider(sì were a part of tbis Security
Instmrncnt. ICht:à applicable box(csJ!.
r'-] Condominium Rider
D Planned Unit Development Rider
[']
D
Growing Equity Rider
(jraduatcd Payrncnt Rider
D Other I spcci1)' 1
100~Y
000687128857
0-4N(WY) (W'()9i
i!!)
°a;,l\t l' of Si
O~!.:.9~Sðrn
éOö.302
(;OiJ863
BY SICiNJ.NCi BELO\V, Borro,ver a,:c(:pls and agrees to the tenus ,:ontaincd in this Security Instrument and in
any nJer(s) execLltt:d b,v BOHQWer £Iud l'C\:ordo;:¡j with it,
Witnesses:
--'"~~,,,.__._,----
......__..._"......,y'-'..~-_.__.._....._--_. ................_-_..-.._-_._-~..._--
............._V.···.."...___A·___..
__.___.._ (Scan
-n"'TOIH:r
,.............-.,-.......
..·_.·.·.WN··~_______··W·....,....,._____
__(Seal)
",Borrowcr
-.......-..-.............___.......__...................____,_...........__ (Sc.al)
..B01Tmv<:r
1004mY
~
V~___'H_'_
[Sed ì
" Hn;r(''>'''''~¡'
~.r:Jì().JH~~. S5 @fl~..,-· ...._..i;)c;;i¡
aJ~~~ (J ·Hnm,w'.'r
~sk ~-::!..;2:~,,-........_.
'~;;~S. B~ES~-'---'
..... (S;,;a]ì
-lj'~r:';,I\.\ 1,:';'
~~___-;;'~~:')
v,U"n~)\,,"l'J
000687128857
PnUfl a 'Of 9
G-4N(WY) (U6ü~1
~~
09/29/2008 09:15am
000303
000864
SlxrE OF WYOMING, Teton
The f{)Icgoing instrument was ackI1<J\.\'lt:dged bcfÒre 111(;' this o¡ /J-q /0 F
by Shayne S. Bu:r:gess and Jenifer Burgess, .Husband and Wife
County ss:
My Cnme,'";",, E<p'''' 10 fr Þ II
·~····-···--""'----""---------"."'_"__M_"'.''''''''''''_'¥'~'___
\;o:..·.r:r P1Jf)lic
~"."""III'II""'.I'I"""II""'~
:: D. Fenton· Notary Public I:
. -
~ -
::: County 01 SUIt" of ::
:: Unooln Wyoming :::
- -
- -
:: My Commleslon pires 10/11/2011 :::
~"III"'I.""".'I'II"I""."I'I'P
STATE OF WYOMING
LINCOLN COUNTY
THE FOREGOING INSTRUMENT WAS RE-ACKNOWLEDGED BEFORE ME THIS 11/13/2008 BY
SHAYNE S. BURGESS AND JENIFER BURGESS, HUSBADN ~ND WIFE
My commission expires :/0/11 /:;"0 If
.........UIU..II....U....U.IIIIIU. Notary Public: D. RENTON
: D. Finton· Notary Public :::
- ~
- -
- County of State of :::
- U -
::: ncoln Wyoming :::
- -
- -
::: My Commission expires 10/11/2011 :::
~.II.I......I....II.I...I.II.II.I..IIP
l004NWY
000687128857
.4N(WY) (oso¡')
<H:
l\"Ue 9 cd 1)
O~:::~15æn
00&304
EXHIBTI "A"
éOô865
ThéSouth 12 of Lot 41 and all of Lot 42, Palis Park Subdivision, according to the official plat thereof
recorded in the County Recorder's Office of Lincoln County, State of Wyoming..
../
_.