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Home My WebLink About945470 --:"----..¡----o-.o- -- FEB-18-2ØØ9 10:54 SECURITY NATIONAL 801 262 3663 P.02 After Recording Return To: SECUR}'I'VNATIONAL MORTGAGE COMPANY 5300 SOUTH 360 WEST surm 50 MURRAV, llTAU R4123 LOAN NO.: 459039 RECEIVED 2120/2009 at 4:10PM RECEIVING # 945470 BOOK: 716 PAGE: 24 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY ESCROW NO.: 'l'fT(,(1: NO.J ti1.~61 PARCRL NO,: 3418-06-4.Ql-061.OD ûOv024 MIN NO.: l000317·000ß4S9039-0 ¡SPACE ABOVE TIDS LINE (O"R RECORDING DATA] _ MORTGAGE DEFINITIONS Words useù in multiple ~cctiol15 of this documelH are dcfin~d below and other words Ate defined in Sections 3, 11,13, IS, 20 1\nd 21, Certain·mles rega1'ding tbe usagl: of words used in this document are also provided in Sl!Iction 16. (A) "Security Instrument" means this document, whioh is dated, FEBR.UARY witt) 11.11 Ridem 10 this document, (B) "Borrower" is ~ARR!~. ~NGAS J~~_CAROL M KANGAB¡j!!!§!h~ND .~ WIFE, AS TENANTS BY THp!_~~_ 13 2009 , together (., -....-...... -...... . ...... ......-- L( .- -. . Borrower î.~ tl1\: mortgagor under this Security Im¡trum~nt, (C) IlMEr..s" is Murtgage Electronic Registration SYIltL.'mS, Inc. MERS is a separate corp~ll~tion that is acting ~o1L:1y ~ Ii nomÎ.L1ee for .r,.,ender an(i Lender's slIccessors and assigns. MERS is the mortgagee under tllis Security Tns~rument, MERS is organized and I,:x:isting under the ]fJ,WS of De taw arc, and has ~n address and telephone T\\lmberofl".O. Box 2026, Flint, MI 48501-2026, tel. (!HIH) 679.MERS. (I» "Lender" is SECURITYNAnONÅ~~,¡yIq~TGAGE COMPANY, ^_VI'AH; CORPORATION ... Lender Is a_~ UTAB;,Ç-ºRPORA'I'.(tN of ,_ lITAR .... ..., 5300 SOLJ'npfíO \y'~ST SUITE 150: Mºf.{~y'!.UTAH 84113 --, . .-- organho;ed and existing under tho laws Lender's address is _,. , . ___ InltlwR £.R.i~~ _ _ _ WYOM[NG-Singlc Family-F'¡¡flnie MaeJFnddle Mac UNJlrC)RM INSTRUMENT - !\'J'f!RS Form 3051 1/01 Dnrp,'tIJ Strw..~t, //1/:. .'nnn - MMn;Wy¡..:¡m (!I..", nS.)Qnf¡ palt8 1 of 14 ORTGINAL FEB-18-20Ø9 10:54 SECURITY NATIONAL 801 262 3663 P.03 006025 (E) "Note" 1"I1611nR thc promissory note signed by Borrower ~d d.tQÙ_~BRUARY 13,~.., The Note Ktatcs that Borrower owes Lender __,.._.... '" o~~ HUNDlUi:D SEVI~NT¥.. 1'''V.º- THOUSAND AND 00/100 -.-.---. Dollars (U.S. $ _.__. } 72,000.00 ) plus Ít!rcn:-st. Bon'ower has promised to pay this d¢bt iu rcgular Periodic payrncnt$ and to pay tbe debt in full not later than MAnCH 01 , 103~_. (F) "Prnperty" meClns the prol'orty that j~ described below under the heading: "Transfer of Rights in the Pmp~11y.1I (G) "Loon" means the debt evidenced by the Note, plus interest, any prepaymcnt charges and late charges due under the Notð, aJ1U all .$lm~ dUe) under this Security Instrument, pl\Jt) interest (H) "Riders" means ;lIJ Riders to this Seourity Instrument thllt are executed by Borrower. The fol1owing Riders lire to be exccuted by Bon"ower (oheck bOlt liS IIpplicable): o Adjustable Rare Ridt:r 0 Condominium Rider o Balloon Rider 0 Pla~ned Unit Development Rider o 1-4 F¡lrnily Rider 0 Biwcèkly Payment Rider o Otner(s) [specifY1: o Second Home R.ider o Assumption Rider o Inter Vivos Trust rtidèr (r) "Applicàble Law" menus all controlling applicable fedoral, state and local statutes, regulations, ordinanc!J$ and administmtiye rulc5 /Iud orders (that have the effect of Ja.w) lis weJJ as all applicable fmal. non-appealable judicial oplnioI\s. (J) "CommU11ity Association Dues, Fees and AsseJSments" mC1Ut1l all dues, fees, assessments and other charges tbat fire impuseù (IT! Borrower or the Property by s. condominium á.m,cianon, homeowners association or simi1ør oT.sanizatiorl. (1\.') "Electronic Fnnds Trun$fer" means !IllY transfer of funds, other thlln II tnmsaction originated by cbeck, draft, or similar p8.pl:r iT1stf1.lment, which is initiated through an clcctr(lnic tenninlll, telephonic instrument. . compute.', or "n!l!,'11ctie tapl: so Ra to order, instruot, or authorize a finuncial institution to debit or orcdit an IICCOl1nt. Such lem'¡ jncude,~, hut is not limited to, point-of-sale tran~ft.'T!:I, automated teller machine tnìnslI.ctions, trnn6fers initiated by tcJcphone, wire transfers, and automated clearingho\lse transfers. (q I1Escrow Items" means tho~c items that an:: described in Section 3, (M) "Miscellaneous Proceeds" means any compcmation, settlement, llward of damages, or procoedK pa.id by tinY third party (other than inS\1I1lnce proceeds paid under the coverages described in Sootion 5) for: (i) damage to. or destrtllJtion of, (h¡; rroperty; (ii) cnl,demnntion 01' other tllking of all e1f any part of the Property; (iIi) c()nvcy~r¡ce in lieu of condenmalion; or (ív) misrepresentations of, or omissions as to, the value and/or C~'!1rJjti()u of th" Property. (N) "MQrt¡:;~:'" :n~urllnce" means insurance protecting Lender ogainst·rhe nonpayment of, OT deœult on, the Loan, (0) "Periodic ]'n)'ment'· means th~ regularly scheduled amount due for (i) principliJ and interest under the Note, plus (ii) ,lilY amounts ImdcI' Section 3 of this Security Instrument. (P) "RESr An means the Real Estlltc Settlement Procedllres Act (12 (J.S.C. § 2601 ef seq,) IlCd its h'\'lpICmcfltÌ11g T!: }\I!íltiou, Regulation X (24 C.F.R. Part 3500), as they might be I1J1'II,."T1ded ftom time to time, or IlnJllidditional O:'\lccesso¡' legislation Or rcguJation that governs the same subject ma.tter. As used in this Beaudly hu tIì Ill) ';1. "RESPA" refers to aJl requirements and restrictionstbat are imposed il1 regard to a "feuoraJ1y rcJíl!d mortage Joan" eVen if the Loan does not qUali)r!l.! a "federally related mortgage loau" undlJr RESPA. (Q) "Sl1cce~~'or il1 Interest of Borrowor" m~Rn~ any party that has taken title to thö Pròpcrty, wl,ether or not that party hns nssmned Borrowcr's obligations \l11der the Note and/or this Security Instrument. (,OAN N'O.: 459lì~9 JnWols 1!ili<..CJJ.lt.L _ _ _ WYOMfN'G-Si'Il'1c ('nmUY-[i'ullllle MucfFreddie Mac UNIFORM INSTRUMENT. MERS Form 3051 tlOt Doc¡mp S~,,'lr.r", I;",. Flinn' ;o.rM'fGWY"I.:IW (Ro.. ~S.lO~R Pnße Z of 14 ORIGINAL 'I. . '. .. .... . .:. . I ',. . . ...,;'. . ..... . , . " ..... ~.. I. , " ..... .... " . . ~ . .: .:.' '.' , , ., TRANSFER OF RIGHTS 1N THE PROPERTY This Sccurlly IWtlumtllll secures to Lender: (i) the ropayment of tho Loan, and all ~ncwa1s, extensions and modifications of the Note; aDd (Ii) the p~r[ol]]'1B.DCe of Bonowcr's covenants and I18reements under this Security lostmmcD1 and the Note. For!bis purpose, Borrower docs hereby mongage, grant aDd convey to MERS (solely as JIDmJœc !or Lender amI LcDdcr's SUCCeSS1)IS anc! ul!ÍgII8) and to the succeS50rs and uslgns of MBRS, with power of sale, !he followfug described property located In the COUNTY of LIl'{C(LN [[)pc of a.....u..c JurUddIo.] 1N.....r]lac...dinø~.«m] p~, . LOT 2 OF 8l'AR V AILEY RANCH l'LA T 21 AS OO?J)RECOlUJED ON OCTOBER 22, 1982 AS lŒCJDVJNG NO, 586332, IN THE OFYiC[A'L )1.ECORDS OJ! LINCOLN COUNTY, WYOMING, ~ PLAT NO, 284. P ¡\.RCEL NO.: 3418-06·4-01·061.00 which currently has the addre:¡s of 39 WRS1' STREET STAR. VALLEYRANCB [CJt1/AYu) [SIt...] , Wyomm2 8312? [ZI¡>Coü) ("Property Addrcss"): TOGETIIER WIm all the jrnpmvemcnllì now or h~eafter ~ectcd on the PIOpe.rty, and all casements, applJ1'teJla:oces, and fixtures !lIIW or hereafter a part of the properly, All replacements acd additiDJ!li shall also be covered by this Security hlslnlInent. All of ille foregoIng Is referred to in this Security Instrument :18 the "Properly,' Borrower understands and agrees nWl MBRS holds only legal title to the InJc.resu granted by Borrower in this Security Instrument; but, if mces¡¡a¡y 10 cO.lllply with tIæ law or custom, MBRS (as nDmi= far LcIIder IIDd Lender's sucœSSOTS and assigns) lliLS the right: 10 exen:ise an,)' or alllbose inlereats, jocludlng, bnt!lllt limited 10. tbo right 10 foreclose and sclJ thð Propmy; and 10 lake an,)' action required of Lender .inc!udlllg. bnlllOt limlled to, rnC1lsiog and C4I1J:cling this Security InslrUnænt, BORROWER COVENANTS ihat Borrower i& lawfully sclsed or the catate hc~by conveyed IIIId has the right to grant and convey tho Propcny and that the. PIOpmy is unencumbered, except lor lIßI:1IDIbnnces of 11,eord. Bonowcr w;¡mlJ\t~ aIll! will dWlIDd gcneraUy the title to the Property against all claims and demands. subjeello allY ""~lUnbrancc" of record. THIS SECUJ.: !'I'Y INSTRUMENT comhin"s nJ)iform covcnant.s for national use and non-unlfonn ::=~ wjth limiled va:rlaûollS b)' juriswnion to cOPSÙlt1le a W1J~ ~~)«knt covering real WAN NO,: 45';'¡t"1 Inll!ULç~____ WYOMING-sln~1a !'amily-Fannle MaclPrrddle MHC UNIFORM INST}¡,UMRN'r - MERS Form 305] 1/01 lJ"q,.Stmcø, 1".;. FfJrm - ;\C\(T1~WV1~11l'\ (R.,. "t.:\~:u; T"fI,::e 3 of 14 tWJGINAL , " ":: '.. '.: >:. . , .' .. .'.. >.. ~:' ,y(. .L 00&026 · " . . ':'. . ..... " " .',. -._--~. UNIFORM COVENANTS, Borrower and. Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, an~ Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U, S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) ffiectronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payment are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either aIPly such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument, OOó027 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due, Any remaining amounts shall be applied first to late charges, second to any other 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 delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge, If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment Can be paid in full. To the extent that any excess exists after the payment is applied to the fun payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments. insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments, 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premi:ums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance LOAN NO,: 459039 Initials ;fJ2,~_ _ _ _ WYOMING-Single Family-Fannie MaeJFreddie Mac UNIFORM INSTRU.MENT - MERS Form 3051 1101 Døcprep Semcel, IlIc. Ponn - MMTGWYl..3m ¡/lev, 0S-1OO9) Page 4 of 14 ORIGINAL " . . ".' , .. ., ' " " , . 000028 with the provisioDS 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 Dues, Fees and Assessments, ü any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time, Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, Ü Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require, Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security IDStrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount, Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and. upon such revocation, Borrower shall pay to Lender all Funds. and in such 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 the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA, Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law, T.þ.e Funds shall be held in an institution whose deposits are insured by a federal agency, iDStmmentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the 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 shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify BOII'Ower as required by RESPA. and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more 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 Instrument. leasehold payments or ground rents on the Property, ü any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, LOAN NO.: 459039 Initials{~fMR_ _ __ WYOMING-Single Family-Fannie Mae/Freddie M;¡c UNIFORM INSTRUMENT - MERS Form 3051 1/01 DocprqJ Servlcel, r/lC, Fol1l'l' MMTGWU3151 (RIv, Qj..2ro8) Page 5 of 14 ORlGINAL , ' ,.' ûO&029 or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded¡ or (c) secures from the holder of the Hen an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrnment, Lender may give Borrower a notice identifying the lien, Within 10 days of the date on which that notice is given. Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. S. Property Insurance, Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage, It and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance, This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires, Wbat Lender requires pursuant to the preceding sentences can change during the term of the Loan, The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If BOITower fails to maintain any of the coverages descnDed above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage, Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hWlrd or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument, These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment, All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, BOITower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property. such poJicy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the eventl of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may malre proof ofloss if not made promptly by BOITower. Unless Lender and Borrower otherwise agree in writing, any ins¥rance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restorjltion or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proc. until Lender has had an opportunity to inspect such Property to ensure the work bas been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may I disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the I I LOAN NO.: 45~039 Initials ',~~w7jj¡ i/ ' I '.I...dlf.'-t- _ _ _ WYOMING-Sing1~ Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Form 3051 1/01 DlX'prøp Services. Inc.; Fonn - MMTGWYl..3t51 (ROY. 05.2008) Page 6 or 14 I OmGmAL " .' , , '.' ". '~~": '1, . ..-----.....- 00&030 work is completed, Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument. whether or not then due, with the excess, if any, paid to Borrower, Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing. which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property, Whether or not Borrower is residing in the Property, Borrower sball maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of pro gress payments as the work is completed, If the insurance or condemnation proceeds are not sufficient to repair or restore the Property. Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application, Borrower shall be in default if, during the Loan application process. Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9, Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might sign.iñcantly affect Lender's interest in the Property and/or rights under this LOAN NO,: 459039 Initials ;Wfè\ðiJ.W!_ _ _ _ WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Docprep S.rvlcn, Inc, FO!1J - MMTGwn·3W (11..., ar.m8) Page 7 of 14 ORIGINAL Form 3051 1/01 . , . . , ---' .' ., .. '," . . . " , . , ,. .,. " Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), Or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument. including pro tecûng and! or assessing the value of the Property, and securing and! or repairing the Property. Lender's actions can include, but are not 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 attorneys' fees to protect its interest in the Property and/or rights under this Security Instnunent, including its secured position in a bankruptcy proceeding, Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off, Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so, It is agreed that Lender incurs no liability for not ta1ång any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice 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 the merger in writing. 000031 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition 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 the, mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the preIIÚums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect. at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender, If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve sluill be non-refundable. notwithstanding the fact that the Loan is wtimately paid in fuJI, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until the Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower !IIId. Lender providing for such teIJIÙnation or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the 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) . LOAN NO.: 459039 Initials &~'- _ _ _ WYOMING-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS Fonn 3051 1/01 Docprep Services. Inc, Fonn - MJlfI'GWYl-3151 (R.", OJ..2008) Page 8 of 14 ORIGINAL .... . , . ---------....- , ' 000032 AJ; a result of these agreements, Lender, any purchaser of the 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 sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance," Further: (a) Any such agreements 'Will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements wiD not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the 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 cancellation of the Mortgage Insurance, to have the 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 are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoraûon or repair of the Property, if the restoraûon or repair is economically feasible and Lender's security is not lessened. During such repair and restoraûon period, Lender shall have the right to hold such Miscellaneous Proceeds unill Lender has bad an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds, If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due. with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. m the event of a total taking, destruction or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any. paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender othe¡wise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount 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 before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. LOAN NO,: 459039 Initials ~~_ _ __ WYOMING-Single Family-Fannie MaeIFreddle Mac UNIFORM INSTRUMENT - MERS Form 3051 1/01 Ðør:pnp SmlCfs, lnc, Form - MMTGWY1~15.l (R4v, Ø-JOOB) Page 9 of 14 ORIGINAL " . , , , "" " . 00&033 If the Property is abandoned by BoITOwer, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Bonower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impainnent of Lender's interest in the Property or rights under this Security Instrument, Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. AIl Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or 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 commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several liability; Co-signers; Successors and Assigns Bound. Borrower 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 not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms 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 I forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of BOlTOwer'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 release in writing. The covenants and agreements of this Security Instrument shan bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges, Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees, In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not cbarge fees that are expressly prohibited by this Security Instrument or by Applicable Law, LOAN NO,: 459039 Initials I:¡{'-e. ~ _ _ _ WY01\1ING-Single Family-Fannie MaeIFreddie Mac UNIFORM INSTRUMENT - MERS Form 3051 1/01 Docprep S~rv/ces. I'IIc, Form - MMTGWY1-31Sl (R.v, as.2G\'J8) Page 10 of 14 ORIGINAL ·',1 - , , 000034 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 collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower, Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower . If a refund reduces principal, the reduction will be treated as a parûal prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices, All notices given by Borrower or Lender in connection with this Security Instrument must be in writing, Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of 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 be only one designated notice address under this Security Instrument at anyone time. A.JJ.y notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender, If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision, As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender¡ (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. BOITower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument, lB. Transfer of the Property or a Beneficial Interest in BOITower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of aU sums secured by this Security Instrument. However. this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. LOAN NO,: 459039 Initials ~R.\!:1~_ _ __ WYOMING-Sing1e Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Form 3051 1/01 Docp"p SmiCfl. Inc, Fonn· MMTGWYl-8t51 (Rev, QS-2008) Page 11 of 14 ORIGINAL ':. , . " .. ' ûOú035 If Lender exercises this opûon, Lender shall give Borrower noûce of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower, 19. Borrower's Right to Reinstate After Acceleration, If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any ûme prior to the earliest of: (a) five days before sale of the Property pursuant to Section 22 of this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument, Those condiûons are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred: (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender :may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged unless as otherwise provided under Applicable Law. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obJigations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the caSe of acceleration under Section 18. 20. Sale of Note; Change of Loan SenÎCer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more ûmes without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Secwity Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan. Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which wiU state the name and address of the new, Loan Servicer, the address to which payments should be made and any other information RESP A requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial acûon (as either an individual litigant or the member of a class) that arises from the other party's acûons pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain acûon can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy ,the noûce and opportunity to take corrective action provisions of this Section 20. LOAN NO.: 459039 Initials ~!!Jtk _ _ _ _ WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT. MERS Fonn 3051 1/01 Docprep SllrllkllS, Inc. Form - MMTGWY103151 (Rev, <U-2IXJ8) Page 12 of 14 ORIGINAL "L , . , , , " I ¡o, .'. " , ~--_. 000036 21. Hazardous Substances, As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental Qeanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous 'Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Subs;ance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products), Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority. or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Qeanup, NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise), The notice shall specify: (a) tbe 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 the default must be cured; and (d) that failure to cure the default on or before the date specified In the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further infono Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If tbe default Is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in fuU of all sums secured by this Security Instrument wl~out further demand and may Invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice 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 sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shaU be sold in the manner prescribed by Applicable Law, Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the foUowing order: (a) to aU expenses of the sale, incluillng, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrnment, Lender shall release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. LOAN NO.: 459039 rnitials~'i!¡"_ _ __ WYOMING-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS Form 3051 1/01 Docprwp S'rvicu. lJU? FODl1- MMTOWYl-3151 (ROY, OS-2C;W) Page 13 of 14 ORIGINAL ".1 :.. , , ,', QOó037 24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security InstJUment and in any Rider executed by Borrower and recorded with it. Witnesses: 111 cP~ R. \(~~ LARRY R KA 'GAS (Seal) ~Borrower · fl;,A~Ik, ~d.J CAROL M KANGAS ' , (Seal) -Borrower (Seal) -Borrower (Seal) ·Borrower LOAN NO,: 459039 (Seal) -Borrower (Seal) -Borrower [Space Below Tbis Line For Acknowledgment] STATE OF WYOMING, COUNTY SS: j.gtÁ- /Jehta.tf.Á<_! gzm '7 , I (date) The foregoing instrument was acknowledged before me this by LARRY R KANGAS AND CAROL M KANGAS (person acknowledging) My commission expires: /0 It! /}Zð II ~-_._-."" ~/7.._,< :" "'-."; ~.,.-'.''''~ , . ..............1............08......... .. 0, Fenton· Notary Public : .. .. .. .. .. .. = County of State of :: :: Uncaln Wyoming :: .. .. .. .. : My Commission expires 10/11/2011 :: ~...I....a..........I...I·~~It§I~ Notary Public, State of Wyoming Title (and rank) WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT _ MERS Docprep Snvlcel, Inc. Form· MM1'GWYl-3151 (Rn, QS..2OO8) Page 14 of 14 ORIGINAL Form 3051 1/01