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1936327
Lender's address is One State Farm Plaza, Bloomington, IL 61710 0001
Lender is the mortgagee under this Security Instrument.
(D) "Note" means the promissory note signed by Borrower and dated April 12th, 2001
The Note states that Borrower owes Lender Thirty One Thousand One Hundred Eighteen
and 00/100 Dollars
(U. S. 31,118.00 plus interest. Borrower has promised to pay this debt in regular Periodic
Payments and to pay the debt in full not later than May 1st 2031
(E) "Property" means the property that is described below under the heading "Transfer of Rights in the
Property."
(F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
due under the Note, and all sums due under this Security Instrument, plus interest.
(G) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
Riders are to be executed by Borrower [check box as applicable]:
Ix
Adjustable Rate Rider
Balloon Rider
VA Rider
(11) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
non appealable judicial opinions.
(1) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
charges that are imposed on Borrower or the Property by a condominium association, homeowners
association or similar organization.
(J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller
machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
transfers.
(K) "Escrow Items" means those items that are described in Section 3.
(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
value and /or condition of the Property.
(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
the Loan.
(N) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
Note, plus (ii) any amounts under Section 3 of this Security Instrument.
(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
iMplementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to
time, or any additional or successor legislation or regulation that governs the same subject matter. As used
in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard
to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage
loan" under RESPA.
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Condominium Rider
Planned Unit Development Rider
Biweekly Payment Rider
Pape 2 of 15
Second Home Rider
1 -4 Family Rider
0 Other(s) [specify]
Form 3061 1/01
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Pape 4 of 16
1936327
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) Electronic 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 payments 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 apply
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.
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 rtepayment 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 full 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
premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
Insurance premiums in accordance with the provisions 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, if 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
62'1
Form 3061 1/01
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087275
1936327
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.
5. 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," 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. What 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 Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might
not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
hazard 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, Borrower 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 policy shall include a standard mortgage clause and
shall name Lender as mortgagee and /or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree
in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall
be applied to restoration 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 proceeds until Lender has had 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 disburse proceeds for the repairs and restoration in a single payment 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 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
-6(WY) woos)
Page 6 of 15
Initials: //:(1„
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1936327
attorneys' fees to protect its interest in the Property and /or rights under this Security Instrument, 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 taking 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.
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 premiums 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 shall be
non refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss
reserve 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 Lender's
requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and
Lender providing for such termination 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).
As 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 will not increase the amount
Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
-6(WY) moos)
Page 6 of 16
Initlala:
6 3
Form 3061 1/01
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1 7
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tons uo s2t4uxua .10 390101.11 /iu11 ramouog ,Cud op pasinbas aq 1ou Hugs uapuai `spaa0o.1d snoatt8jjaostj&
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aq; 3o uo4ejja3u11a ul11;go pus ;sanbaa o; 'saansojasip umaaa aelaaaa o; ;gala ay; apnjaul ,fsw
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-6(WY) moos)
Page 10 of 16
1936327
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, 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 Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from
Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in
writing. The covenants and agreements of this Security Instrument shall 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 charge
fees that are expressly prohibited by this Security Instrument or by Applicable Law.
If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so
that the interest or other loan charges 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 partial 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 any one 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 any one time. Any
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.
Initials: d
633
Form 3051 1/01
LO /L L 90 tu1oj
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17
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ail lggtut osjg alagl, .Ann aiquoiddy pug '111aum11sul ,i ;unoas stq; 'a;oN aq1 lapun suot ;Bg4jgo gur04nias
ugoj 0992 ;.tout 1ag10 suuo31ad pug 1UaUnulsul ,fltmoas stt; pug aloN aq1 .tapun anp s111amiigd otpouad
s ;004400 lggl ('s uuoZ„ all sg umoull) kipuo aq1 ut aSuBgo u ut ;jnsaz lggnu ajss •aamoa.zog
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ut lsalalut (gtplgd u so a20N aqy •aauenau0 }o 001;04\1 :aaapnaas 00O'I 3o aluIga 'a;oN 40 aleS •0Z
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Agaloq palnoas suoHaggo pug luautrulsuj A;tznoaS 9411 'aamouog ;uauta g su t aa uod •.zoJsuga spund
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uodn umuip s4 Noago gong X1113 paptnold 'loago s,sa4gsg0 to loogo s,Jaansgaa; Ittvq `ajoag0 paul31ao
(o) :1ap10 ,fauout (q) 'gsgo (g) :lapual ,iq paloaj09 sr 'suuo3 Sutmojjo3 ail; jo 010111 10 2110 ut sasuadxa
pug sums luama ;g;suta1 gons ,Cgd lamouog 1gg1 annbat )CgU1 lapua•I •paguBg0Un anut;uoo Hugs 'luacunl ;suj
,Cltmoas still ,fq palnoas sums am ,igd o; uotlggtjgo s,.tamouog pug ;uauttulsul ,CIunoas stq; lapun slggu
pug ,C3ladold aql ut ;sa.ta ;114 s,lapual 1911 alnsss o; altnbal ,ijgguosua.t Ass aapua' sg U0 409 gons saIgl
(p) pug `.1ua11tn11sul ,(111029 stg1 .tapun s11gu pug ,illadold aq1 ut ;sa.ta;ut s,lapua-I gupoalold 3o asodlnd
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pa1Tunj 1ou nng `gtgpnLoUt 'mammon' ,i ;unoas stq; Sutoaojua ut paunout sasuadxa jig s&Cud (o) :s ;uautaatgs
.to swim/too .tag ;o Aug 3o ;jngJap Aug salvo (q) `.pauno0o pgq uo13111ata0og cm 34 su a2oN 0141 pug 1UOum11sUI
;uno0S 91141 lapun anp aq pjnom 11ag1 goltm sums jjg Japuoi s,isd (s) :1amouog ;gq; 0113 soot ;tpuoo
asogl, •;uaum.t ;9UJ ,ilun0as 9141 gut01ojua luautgpnf g 3o ,Gt4u0 (o) 10 tanns11401 o; ;1941 s,1amollog
3o not;gu4uual ail; 103 4poads lggtut mg j ajgsotjddy sg pouad laglo gons (q) :luautnllsuj ,C ;unoas stq;
u! pau4s uoo ants 3o lamod Aug 01 ;ugnslnd Apadold mil 3o vies aiojaq s,Cup ang (s) :30 ;9041190 0441 o; loud
amp Mis 1B panutluoostp luamn1IsUj ,(ljmoas still 3o ;uamao1oJua anvil 01 14911 ail; angq Hugs lam011011
`suotltpuoo upn100 slam lamouog 31 •uoj3Baajaaay aa;3V a; 3sujag 04 ;ggt21 S,JOMOaaog •6i
•lamouog uo pu1Utap 10 a0tlou 1at11n3 ;notinm ;uatunl ;sul 12unoaS
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,Cgd o; sjtg3 lamouog 3j •luautnllsuj ;unoas 9411 (q 11011109 sums Hu Xsd ;snot lamouog gotgm utg1tm
SI u0p0as q ;tm aougp1000g ut uanIS st 009011 ail; am ail; 114013 sap HE ugq; ssa4 ;ou Jo pouad 13 apiA0Jd
HULLS 0011011 ails, •U0t ;1110400011 JO 0011011 .ramouog 0n42 HMIs lapua 'uotldo st11 sas1Olaxa lapua-j 3I
.A‘19 ajgsogddy
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,(;unoas 9114; ,iq paln0as sums Hu 3o IItt3 ut 1Uatuked ant!pautun almba1 ,Cgtu 1apua 'luasuo0 uallum
loud s,1apua-I lnotjltm (pauajsusll 10 pjos si 1am0110g ut 19010111I j1I0g0110q g pup u091ad jg1n1g11 B 1ou Si
lam0110g 3t 1o) pau0Js11B11 10 pjos st ,Cpado1d ail; ut ;sa1al11j Aug 10 410d0ld 0141 JO ;.tgd 1C1113 .10 4(11
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.10 1011111100 90(119 111atujjglsut 'poop lo3 1011111100 'poop so3 puoq g ut pa11aJsUBl1 s;Sa1a ;ut [utououaq 09041 `01
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'81 U013009 9141 ut past' sy •aamoaaog ut ;saaa;ul jepgauag a JO ,f;aadoad aq; jo aajsusa,L •8T
•luautnllsuj ,ilun0as st113o pug 010N ail; 3o ,Cdoo auo uantg aq jjggs lam0u0g ,ido) s,aamoaaog •LI
•1101 ;011 Aug a
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pug UBQU1 Hulls 113jngUis alp 111 sp1oM (q) :1apUag 0Utututa3 all 3o splom 10 sp10m 10111U $utpuodsa11oo
apnjout pug maul (jugs lapuag 011T1t1asgut ail 3o splom (s) :luauml ;sal ,C1unoos still 114 past' sy
•uotsInold Sut ;oiT3uo0 ail 4114 ;4m 100330 11anig
aq ug0 gotgm 010N ail 10 ;sautnU ;sul .,Cnj1n0as still 3o suots1nold 10410 ;00339 1ou Hulls 4041;uo0 gong `mg
ajggonddd 414■ s;0i13uo0 010N ail; 10 111vtutulsUj ,(1un0as 914143o asngjo to uotstnold ,fug 19 111011 0141
uj •40111 ;uoo ,iq 311aut001811 lsulugg not ;tgtgold g su p0nl1suoo aq 1011 Hugs 00110419 lions 1nq Imps aq 1g81ut
1! 10 1091;1100 ,iq Oalgg o1 sarl1gd ail; motlg ,illtotjdtut 10 ,(j ;totjdxa lignu mg ajgsotjddy mg 1 ajggotjddd
3o soot ;g ;tun( pug s ;uauta1tnbal Aug 01 ;oafgns 0111 111autnl4SUI ,C1u1100S still ut pautgluo0 suot ;w8l4go
pug s1ggu Hy •p0211004 st ,(;1ado1d aq1 g0tgm 111 notlOtpsunf mu 3o mgt ail pug Mar! roam ,(q pauJonog
aq Ijsgs rtiounurpul ,ilun0as still, •uot ;ana;suoD 30 saitig :S;tltgBaanas 'hAW gutuaanoD •91
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1936327
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 action (as either an
individual litigant or the member of a class) that arises from the other party's actions 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 action 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 notice and opportunity to take corrective
action provisions of this Section 20.
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 Cleanup" 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 Substance, 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 Cleanup.
6(V/Y) (0006)
Pape 12 of 16
InItlals:
63
Form 3061 1/01
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aq; pus pazapuaz saottuas zo3 Xzsd p1iq; r o; pisd si aa3 alp 3i Xiuo ;nq `;uaum.T;sui ,fwnoas sup Suisralal
103 aa3 r z3mouog aSzego ,Cum z0pua7 •s ;soo uoi;rplooal ,fur gird hugs lamouog •;uatunsisul i wnoas
si14; as13a13l netts lapuaj ;uaumz ;sul ;ipnoas siq; X14 paznoas scans llr jo auauard uodn •asealag •Ez
;l o; pallilua £HiSal suosaad JO uosaad ay;
o; ssaaxa Sue (a) pun ;uauma ;sul ,f ;lamas slyl ,fq paanaas sums lle o; (q) :saa3 ,s,fauaol ;e algeuoseaa
'0; pa ;lwg lou ;nq °Sulpnpul 'ales ay; jo sasuadxa Ile o; (e) :aapao SulAtollo3 ati; ul pallddu
aq hays ales ay; jo spaaaoad aqZ •ales Sun ;e ,f;aadoad ay; asega.md ,few aauSlsap s;l ao aapun •Atsj
algeallddv ,fq paglaasaad aauusw ay; ul Nos aq pegs ,flaadoad ay; pus `ales jo aa9ou ay; gsllgnd
llnys aapuaZ •SI uo ul paplAoad aauuew ay; ul aaA4oaaog of alas ay; jo aapou aeta Nuys aapua7
•nve-I algeagddy y;lA+ aaunpaoaae ul 1uaaaj31p 3l °,f ;aadoad aq; jo uolssassod ul uosaad ay; o; pus
aanitoaaog o; asolaaa03 0; ;ualul jo aa3 ;ou ae!S IIsgs aapua-I `ales 3o aatod aq; sa)loAUl aapuaj 3I
•aauaplAa aim jo s;soa pus saa3 ,s,fauaol ;s algsuossaa
`o; pa;lunl ;ou ;nq Sulpnpu! `zz uoc ;mss sly; ul paplAoad saipawaa ay; Sumsand ul paaanaul sasuadxa
He papa o; pal ;l ;ua aq hugs aapuaq •MMe7 algeallddv ,fq pa ;lluu d salpauraa aaylo Sue pm; ales
jo aaMod ay; anoeul ,few pun pueurap aay ;an3 ;noq;pe4 ;uauma;sul ,f;lanaas slq; ,fq paanaas sums Ile
jo 33113 u! ;uaw,fnd a ;nlpau1w u!nbaa ,few uol ;do s;l ;e aapua' 'aallou ay; ul pat3pads a;ep 3143 aao jaq
ao uo paana lou sl ;Ins jap ay; 31 •ales pus UO9131330338 of aan4Oaaog 3o asuaJap aay ;o, Lull ao ;Inejap B
3o aaua;sixa -uou ay; passe 0; uopoe ;ano3 s Sulaq o; ;Op ay; pus uor;eaalaaas as ;3e a ;e;sulaa o; ;Oa
ay; 3o aamoaaog maw! Ja Heys aallou aq j, •,flaadoad ay; 3o ales pus ;uauma;sul ,fllanaas sly;
,fq paanaas sums ay; 3o uolleaalaaan ul llnsaa ,few aallou ay; ul pagpads ale!) ay; aaojaq ao uo llnsJap
ay; aana o; aanlle3 ;sy; (p) pus :paana aq ;sew Unsnap 3143 yal1M ,fq 'aaAMoaaog o; uaelq sl aallou 3143
amp ay; anti s,f8p pF until ssal ;ou 'app a (a) 'llnejap ay; aana o; paambaa wpm; ay; (q) 'lln1Jap ayl
(n) :,fjpads Heys aa3 ;ou 314,E •(as!maaylo sap!Aoad meg alquallddv ssa un gj uopaas aapun uol;9aalaaae
o; amid lou ;11g) ;uauma;sul ,fllanaas sly; ul luaUTaaage ao lueuaA03 Sue 3o ya1aaq yamoaaog
SUTAtoj03 u0l;eaalaaan 0; ao►ad Jamming o; aallou 3A32 Heys aapua7 •salpaurag 'uopsaalaaaV •zz
:smollo3 sr away pug ;uruanoo 13143111) 1apua7 pun lamozzog •SJ NVNaAOO YN1IO,1INfl
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Witnesses:
ISD-6(VVY) (0006)
r-
1936327
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Security Instrument and in any Rider executed by Borrower and recorded with it.
Page 14 of 15
Veldond Izatt
4
1;4, Lipae
Veloy Izatt
631
(Seal)
Borrower
(Seal)
Borrower
(Seal) (Seal)
Borrower Borrower
(Seal) (Seal)
Borrower Borrower
(Seal) (Seal)
Borrower Borrower
Form 3061 1/01
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`OMLJ IOAM 3O alias
180 State Line Road, Freedom, WY 83120
[Property Address]
FIXED /ADJUSTABLE RATE RIDER
(One -Year Treasury Index Rate Caps)
THIS FIXED /ADJUSTABLE RATE RIDER is made this 12th day of April, 2001
and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or
Security Deed (the "Security Instrument of the same date given by the undersigned "Borrower to
secure Borrower's Fixed /Adjustable Rate Note (the "Note to
State Farm Financial Services, F.S.B.
"Lender of the same date and covering the property described in the Security Instrument and located at:
THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED INTEREST
RATE TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE
AMOUNT BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT
ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY.
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security
Instrument, Borrower and Lender further covenant and agree as follows:
A. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES
The Note provides for an initial fixed interest rate of 6.375 The Note also
provides for a change in the initial fixed rate to an adjustable interest rate, as follows:
4. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The initial fixed interest rate I will pay will change to an adjustable interest rate on the first day of
May, 2004 and the adjustable interest rate I will pay may change on that
day every 12th month thereafter. The date on which my initial fixed interest rate changes to an adjustable
interest rate, and each date on which my adjustable interest rate could change, is called a "Change Date."
63282816
MULTISTATE FIXED /ADJUSTABLE RATE RIDER ONE -YEAR TREASURY INDEX- Single Family
Fannie Mae Uniform Instrument
843R (0006) Form 3182 1/01
Page 1 of 4 Initials: U, t
VMP MORTGAGE FORMS (800)521 -7291
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aq o; mnj ,Cq paatnbaa not;n<uuojut Atl11 ;uatuAed Annum' Atu 3o ;unotue aq; apniout Iitm aot;ou agy u qo
Cue jo gimp ant;o0330 aq; a .1ojaq a ;n.1 ;swami aign;snfpe ,Cut ut saSuego Sun jo pun aro ;saaaltn aiggrsnfpn ttn
o; a rea Isaaalu! paxg mint! Cut ut sa8uego ifue JO 009011 a aUI o; HUM .10 .tantiap tit" .taping a;oN atLL
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mau Stu jo 1uno11ln 0111 Sind Him I •a;11Q a8uegj gong uo ant ;aa33a autooaq 'um alma 1s0a04ut MOU
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s;utod age;uaaaad om; 111111; aaoul a8ung3 0l8uts Slue uo paseaaoap JO pasna.1ort act JOAOU Iltm 01e.1
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or ;uatowns aq mom rem ;uatuSed Xlq ;uotu ag1jo Junoutn aq; autuuarap uag1 iitm aapiog a;oN 014,1,
•a ;110 a8ungD ;x011 0142 itlun a;na ;s0 .1a;ut man Xtu aq Htm lunotun papunoa sttl; `moiaq (43)1
uoi;oas ut pawls s ;TUltl am or roofgns %SZI.0) ;utod 28n;uaaIad auo 3o g;g8ta -auo Isamu 0142 o; not ;tppn
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sa8usg3 jo uoi;sinait,O (3)
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uodn pasnq st ;11144 xaput mau a asoogo iitm .1aplog aroN ag1 `aiquitnne .1981101 ou st xapuI 91 42 3I
„•xapul;ua.1an3„ ag; pallnn si area a8ring3 gong a .1ojaq siCep Sty a ;11p
alp 3o se alquit11ne aan8g xapuI ;11000.1 Isom au, •panog anaasag IrJapa3 agr Aq algeitene apuul se `anaS auo
30 ,C ;tan ;eu1 ;ue;suo0 n o; pa1snfpn satrun0as Sanseaay savers pa ;tun uo plop( 01411001111 ICpj0am aq; si „xapuI„
atiy •xaptq 11111 uo paseq aq Him 0111.1 ;sa .1a;ul ajge;snfp11 .Cui `a;na a8u1143 ;sag alp gljm dututn8ag
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42 (0006)
1936327
Transfer of the Property or a Beneficial Interest in Borrower. 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 all
sums secured by this Security Instrument. However, this option shall not be exercised by Lender
if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice 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.
2. When Borrower's initial fixed interest rate changes to an adjustable interest rate under the terms
stated in Section A above, Uniform Covenant 18 of the Security Instrument described in Section Bl above
shall then cease to be in effect, and the provisions of Uniform Covenant 18 of the Security Instrument shall
be amended to read as follows:
Transfer of the Property or a Beneficial Interest in Borrower. 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 all
sums secured by this Security Instrument. However, this option shall not be exercised by Lender
if such exercise is prohibited by Applicable Law. Lender also shall not exercise this option if:
(a) Borrower causes to be submitted to Lender information required by Lender to evaluate the
intended transferee as if a new loan were being made to the transferee; and (b) Lender
reasonably determines that Lender's security will not be impaired by the loan assumption and
that the risk of a breach of any covenant or agreement in this Security Instrument is acceptable to
Lender.
To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a
condition to Lender's consent to the loan assumption. Lender also may require the transferee to
sign an assumption agreement that is acceptable to Lender and that obligates the transferee to
keep all the promises and agreements made in the Note and in this Security Instrument.
Borrower will continue to be obligated under the Note and this Security Instrument unless
Lender releases Borrower in writing.
If Lender exercises the option to require immediate payment in full, Lender shall give
Borrower notice 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
Page 3 of 4
Initials:ad.
U.J
641
Form 3182 1/01
P) A te...
087 go-aa
1936327
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.
642
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Fixed /Adjustable Rate Rider.
(Seal)
Borrower
021)-843R (0006)
Veldonk Izatt
Q.
„Li
(Seal)
Borrower
(Seal) 1,; 1/. LPyar
(Seal)
Borrower Veloy Izatt Borrower
(Seal) (Seal)
Borrower
Borrower
(Seal) (Seal)
Borrower
Borrower
Page 4 of 4 Form 3182 1/01