HomeMy WebLinkAbout872467Return To:
Prepared By:
Sharon Walker
DEFINITIONS
Lender is a A Wyoming Corporation
organized and existing under the laws of
Cr) ®6(WY) (0005)
Page 1 of 15 MW 05/00
Ioit(als:
VMP MORTGAGE FORMS (800)5 -7291
872467 RECEIVED
[Space Above This Line For Recording Data]
LINCOLN COUNTY CLERK
01 Apr —3 pm 1:52
JEANNE WAGNER
KEMMERER WYOMING
MORTGAGE
BOOK 4 P PR PAGE 0 4 1
Words used in multiple sections of this document are defined below and other words are defined in
Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are
also provided in Section 16.
(A) "Security Instrument" means this document, which is dated March 30, 2001
together with all Riders to this document.
(B) "Borrower" is Jared Hansen and Ni kol e Hansen, Husband and Wife
Borrower is the mortgagor under this Security Instrument.
(C) "Lender" is Major Mortgage
t
Wyoming
HANSEN, J. AF 1061286
WYOMING Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3051 1/01
11
A
1
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II
11
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TRANSFER OF RIGHTS IN THE PROPERTY
043
(P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or
not that party has assumed Borrower's obligations under the Note and /or this Security Instrument.
This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this
Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to
Lender and Lender's successors and assigns, with power of sale, the following described property located
in the County of Lincoln
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
Part of Lot 2 of Block 21 to the Town of Afton, Lincoln County, Wyoming
being more particularly described as follows: BEGINNING at the Northwest
corner of said Lot 2 and running thence South 6 rods; thence East 8
rods; thence North 6 rods; thence West 8 rods to the POINT OF BEGINNING.
Parcel ID Number: 12- 32183031117800 which currently has the address of
415 Adams Street [Street]
Afton [cit Wyoming 83110 [Zip Code]
"Property Address
TOGETHER WITH all the improvements now or hereafter erected on the property, and all
easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
Security Instrument as the "Property."
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for
encumbrances of record. Borrower warrants and will defend generally the title to the Property against all
claims and demands, subject to any encumbrances of record.
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform
covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and 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 payme under the Note or this
HANSEN, J. AF 1061286 �1
Initial-
-6(WY) moos)
Page 3 of 15
Form 3051 1/01
10 /1. 190E WUJO
98ZT90T JV C N3SNVH
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9 L 4 b e (90001 (AM)9- co
due for any Escrow Items for which payment of Funds has been waived by Lender and, if 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 Instrument, 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.
The Funds shall be held in an institution whose deposits are insured by a federal agency,
instrumentality, 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 Borrower 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, if 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, 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 lien 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 Instrument, Lender margive Borrower a notice identifying the
HANSEN. J. AF 1061286
-6(WY) 10005)
08724G7
045
Initial
Page 5 of 15 Form 3051 1/01
LO /L LSOE w.ioA 91. ;0 9 e6ed
(9000) (AM19 CZ)
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at1 t1tM uotloauu0o ut iiouad luatua3EuEN Aoua2zauig iEZapad atp sq pasoduu saaj Sue jo luauiAed
aq1 zoj a'gtsuodsaz aq OSII Iregs 1aMOZZOg •uot1uogtuaO JO uotleuruualap tons 1oajjE 1tRtuz AigeuosEad
tiOttM moon saSueto Rump JO autddEUZaa aturl toga sa ng° luanbasgns pug soot/ um uomotjtuao pug
uopEUIUUalap auoz poor lOj agztto atutp -auo E (q) JO :SOOTAJOS &uppElp pug uoquo!Jtl1ao `uotlgunurapap
auoz poor z0j a1Eto aunp -auo E (v) :zatita `mEO'i still t11M U0Uoauu00 Ui `pied 01 1OMOIIOg aztnbaz
Arm zapuari •Ajgvuosgatun pastozaxa aq iou TIggs t0ttM `aototO S,zaMOI1Og anozddEstp of 1qu
s,zapua'i O1 loafgns zaMOZZOg Aq uasotO aq TITS aouemsui ail gutptnozd 3aizz1O aougmsut atL •uv0'i a il
jo uuai atf 2uunp auei0 ueo saoualuas 3utpaoazd at1 01 luEnsznd sazmbaz zapua-i 1gtM •saztnbaz zapua-i
fgtl spouad ail zoj pug (s'anaj aignonpap ffutpnIout) muumuu ail ut paummuuJ aq ins aouEZnsU! stria,
•aOUgznsut saztnbaz Joplin tOttM zo; `spoon pug saNenbquga `0l paftuut' IOU pnq 4 2utpniout spi zgt zat10
Aug pug „`auzanoo papuaixa„ tuzal aq1 uttITM papnioui sp1EZgt `azi3 Act ssoi 1SU!E E paznsut AuadOzd app
uo paioaza SauEazat 10 2utlstxa Mou s1ttaUtan0dduii at(1 daa?T Tigts zaM0110 •aaugansuI ail i dodd •S
ueo'i still t2tM uotloauuo0 ut zapua'i pasn aotnzas 3utuodaz
.IO /pug AOrpu0Urzan xgl algpsa rear E JOj amp atutp -auo E tiEd 01 zaM01JOg aztnbaz Amu zapua'I
uOpoas spy ut an0gE 11110j 10S SU0!IOE at1 JO a1OUW
JO OU0 031E1 10 UOTI agl iC3s!IES nets 1aM013Og `ua/4 st aotlou wry tOitM uo a1Ep at13o stCEp 0I uttptM •ua!I
9190
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 shall 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
progress 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 significantly affect Lender's interest in the Property and /or rights under
this 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 protecting 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
HANSEN. J. AF 1061286
-6(WY) ■0005)
OD
Page 7 of 15
0 4
Form 3051 1/01
LO /L LS0C WIOf V g L308eeed
:e�eil!UI
98ZI90I TV '1' 'N]SNVH
•punjaa ,fug aatoaaog al ;I ;ua ;ou ;Item £aq; pus 'aaugansul agufl JoJAJ ao; aMO jlt,ti aamo.uog
;unouze aq; asgaaau; ;ou ;um s;uaumaaag guns •ugoi ail; jo suzaa; aaq ;o Sun JO 'aausansul agg31aoj j
ao3 And o; paaagg sin( aaMoaaog ;eq; sumo= aI; ;aa33g ;ou not s;uaWaaaas gang IfuV (g)
:aagund „•aouglnsu ;al anildd3„ pauual ua;3o si luama2uglly all 'Jammu; ail; of pred sumnuaid
all 3o algls E .103 a2ugg3xa ui 31sil s,lalnsu; al; ;o aiggs E swig; lapua•l 3o almi;g ;g tie ;mg; sapin0ld
luauWaaI E guns 3I •sassol 2uionpal 10 '3;su monism a2g211oW all $u;App0W a0 211;. egs 103 affuelaxa
Ui `a3ug1nsul a2g2i1o1s 1o3 sluauggd s,lamonog jo uopiod g (sr pazpalourelo aq 1g5icu 10) mo13 ant16p
;mg; s;unoui (Alloa.gput so Apoagp) an;aoal Awl `iuto2alo; aq; jo Sue jo a;e ;I!JJE tiUE 10 `ii111ua .lallo Aug
`1ainsutal 1fug `walnut aalloug `aloN al; jo zasggoind Aug `lapuarl `sluamaaJ asam jo ;Irma' g sd
(smmcuaid aODUnsui
a2g21.1o1A1 mouu pauteigo spun; apn;Out iigw gotgM) aiquitgng anal ,iew Jammu; a2g211om aq; ;ell spunj jo
aoinos Aug SuIsn s1uaudgd a3l11W of Jammu; a2E211o111 all annbai Am' s;UamaadE asagl, •sluamaaag mom
o; (sound 1o) A;agd aaq ;o all pug Jammu; a2u21Joul all o; A.101O Jstles wag ;gip suot;tpuoa pug suual uo OIE
sluamaa1 asata •sassol aOnpal JO `31s!1 J;ali X3ipow 10 amp 111111 sound 1ag;O glint s1uamaalgE O;ui 1a ;Ua
X= pug 'amp 01 am11 m013 a3103 U1 a3UElnsul gons ;Ie uo 3lsu Flo; uaq; a111n1Ena slalnsut age21aoN
•aoug1nsul
agal1ow alp o1 A;1gd g ;ou sl 1aM011og •paadv sE uuu all Ada' 1011 swop 12Mo11og 3i "mu; Amu
1; sassol u;ul1a3 ao3 (aloN ail; sasegolnd 111g; Alpo Aug 1o) lapua' sasingmial aOUelnsul a2E211oj
•aloN ail; u; pap;noad alga alp ;e ;salalui ,iRd 01 uopg2 ;lqo s,1aM011Og s1o033g Oi uopoas
still w &utgloN ME' ajgEO;lddy palmbal s; uotlgu;uua; ;pun so uopuu;uua; ions 1o; 2u;ptnold lapuarl
pug 1aM0110g uaamiaq luaulaaJ2g uanpM ,iue gl;M aougpi000g ut spua aolrelnsul a2g51aoyq 1o3 luamaunbaa
s,lapua-1 ;pun 'aMasal ssOJ alqupun;ai -uou E ap ;Woad 01 10 `13a33a u; a3ue1nsul a3ai10JA u;E1UT Ui
of palmbal sulntmaad aq; And Buis 1aM0110g `aOUglnsul a2E211o1 103 suznimaad ail; pmMo; sluamAed
palgu2 ;sap Ala;gagdas 03lBW of pa1tnba1 SEM 1amo1aog pug UU0' all 2uplgm 3o uo ;l;puoo g sg aouu1nsul
a2ggpow paambaa aapuaJ 3I •aOUelnsui a2gllo1/1 1o3 smntuzaad all p emo; s;uawhd pa ;Eu2 ;sap Ajaluludas
sagnbai aapuo' pug `paulu;go si `aigv;tung samooaq uT8g lapua-1 paloalas 1ainsut ue pap;nold
(sagnbaa aapua -1 mg; pouad will ao; pug ;unou1 all u 02EJOAoo aoug1nsul a2e5 ioyv 3i s1uau,(gd anl001
SSO; alinbai 1wSuo; ou ugo lapuarl •anlasal ss01 gons uo s$utu1Ea 1O ;sala;ui ,iue 1a/A0110 ,Cud of palmbal
aq 1011 Ilggs Iapuw-1 pug 'Iin3 ul pled A;a;gW!;ln s; uuo-I all mg; 13E3 all 211;puelsggmlou 'aiggpunja1 -uou
aq ;lis anaasal ssO1 lions •aouuansui a2g21Joj, 3o Hall u; anaasal sso; algEpunpal -uou E se s;uamkEd
asagl MEW pug asn `;daoog ;m lapttw-j •;00; ;a UT aq 01 pasgao a5uaano3 aoueansu; will ualm anp want
legs s1uaugud pa1EUSlsap Ala1E1Edas ag13o ;mourn all lapuwrl o; ii Ed o1 anui;uoo ;lugs 1aM011og `aigBlrenE
1011 st a2elan03 a3ug1nsul agEff11ow 1Ua;Entnba JIlepue1sgns 3I •lapua•l paloalas 1alnsu; 02E2110W
a1EUlallg UR wog `13a ;3a ut iilsno;na1d aoue1nsul a282110JA aql 3o 1aM011og o1 1so3 all 01 lualunmba
Aiigt;uuisgns 1so' a ;e `loa3 ;a ut iilsnotnald aOUElnsul aSE2ylow all o; ;ual!ntnba AIie ;lu1;sgns 1 AOO
u;g ;q0 01 paambaa sulntwald alp ,iEd Ilggs 1amo11Og `aOUelnsul a2e2110yi 103 sung maid ail; plumo;
s;uawhd pal11uff ;sap S;aleledas alum 131 paiinbal SEM aam0110El pug aOUVlnsu! 'ions paptnoad Ajsnotnald
;Ell Jammu; a2Eg11ouI aq1 Wo13 alg11lt11n11 aq 0; SOSB O lapua-1 Xq pal;nbai ageaanOO Oouelnsul a3E21101,1 aq;
`uosgal Aug 103 `3I '1 ul aOUVlnsul a2u211o1N ail; urelu;gm 431 paimbaa suln1Waid agl iced hills 1am0110g
`ueoZ all 2unleW ;o uotltpuoO a sE wOUElnsul a2E$11oj palmbal lapuw-l3I •aaugansul a2e3;aow •pi
iuilt1M ut 1aiiau will Ol saa1211 lapua'l
ssalun a21OW lou imp aptl aa; all pug plogasgal aqi `ii11ad01d all 01 wild aa3 saltnbOE 1amouog 3I usual
aq; jo suo ;s;nold ail; II11 ill ;M Aldmoo hugs 1amo11og `p ;0gaseal a uo sl ;uamnllsul /1 ;lnOas sup 3I
1'1am/cud
but ;sanba1 1amo11og of lapua-1 Wo13 aopou uodn `;salalut gons g11M `alg11k11d aq ;TT pug 1Uamasingstp
3o amp aq1 wog a1e1 a1oN aq; 111 ;swam; 111aq II111s slunoule asata •luamnllsul i(;I1nOas sill A palnoas
1amo11og 3o ;gap 111u0111ppe amooaq Buis 6 u0!O3s sup lapun 113U l iq pasingsip muumuu thud
•6 uoi1Oas sun lapun pazu0q;UE suo;131
Iig 10 Aug 3upJE1 1011 103 AlIIlg11ii ou slnou; aapua-I leg; paaae s; it •05 op 01 uotle2tlgo 10 Niue iapun
;ou s; pug os op 0; anvil 1011 swop lapuarl `6 uo ;lows sup lapun U0i1 W a3IE2 lapuarl lgnog2JV •33o 10 uo
pawn; saIllllln an11 pug `suoillpuoo snolwuvp 10 suo ;111101n apoo 1ag10 10 211 ;pltnq a;11u1Wila `sadid wog
1a ;EM'gm) `sMopuiM pug sloop do pa11oq so a3g ;dal `spol a2uvg3 `s1 ;Eda1 algal of Alaadold agi 2uualua
`01 mpg; 1011 s; ;nq `sapn1OU; iilladold aq; 2uunoas •2utpa3oold Aoldnlnlugq E u; uop ;sod palnaas s li
511 ;pnJOU; `luaWnalsul Aginoas sun lapun s;12 ;110 /pug ,(laadold all u; ma'am; s ;t 13a101d o1 saa3 ,sAaulolle
1 0
4 91;�'�,gO
(5000) (AM)9-
(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 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 Miscellaneous 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 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.
In 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 otherwise 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.
If the Property is abandoned by Borrower, 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,
Borrower 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 impairment 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.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be
applied in the order provided for in Section 2.
HANSEN, J. AF 1061286
-6(WY) (0005)
Page 9 of 15
08724G7
049
Form 3051 1/01
98ZI901 3d •P 'N3SNVH
luaumzlsul
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Ai[Enl3E jilun lapua-I 01 uanig uaaq aneq 01 pautaap aq IOU jjegs luatutuw i /ltmoaS sup Rum uop3aUUO3
ui aopou Aud •1amouog 01 ao!lou,iq ssaippn 1oq oug pawugisap sgg aapua-i ssajun uiaaaq pawls
ssalppE s,lapun o1 iieut sselo 1s1IJ gugt ui dq so 11 guuanijap ,Cq uanig aq !Tugs aapual o1 aotlou
Auy amp aU0 Aug w Iuautnllsui A1unoas sup aapun ssaippE aotlou pawugisap auo Ajuo aq Amu aiagy
•aanpaooad paijioads lEg1 ggnolgl ssaippE jo agurgo E nodal Aiuo jig 'Ts 1aMonog ua p `ssaippe jo aguggo
s,lamo.uog guiuodat ao3 ampaooid E saijoads lapua-T 3i •ssaippe jo aguego s,lamonog jo lapua-I Ajpou
Apdutold lie 'Ts 1amouog •lapua -I of a0pou ,Cq ssaippg aoilou alnitlsgns E paleugisap seq 1aM0110 ssawn
ssaippy Auadold a 'T1 aq hells ssaippg aoilou au •as!Mla'Tlo salinbaa Ajssaldxa mw aiggotlddy ssaiun
slamouog Hu 01 00pou a1nlilsu0o !legs 1 M011og auo Aug 01 a3120N •sueaUI lagio Aq luas 3i ssalppg aoilou
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E 1011 10 1agla1M) agaEto 1uaulAEdaid Aug lno luaul/indaid intend E sE pavan aq Iiim uot1onpal
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wdiouud agl gutonpai Aq punjai sup aaietu of asoogo Ague lapuari •1amo11Og of papunjai aq !pm slnzni
paulUUad papaaoxa goigM 1amo11og UI013 pa1oajjoo ApEallg sums Aug (q) pug `1um!! p 11 Uuad am 01 aglggo
agl aonpaa 01 £1ESSaoau lunoure atp paonpaa aq !legs ag1E 'T3 ueo! gons Aug (E) :uatll 's1p -u palliuuad
ag1 paaoxa ugOri ag1 gllp uoiloauu0o u! paloaiioo aq 01 10 pa1oallo3 sa5 ego! Jag° 10 1sata1U! ag1 wgl
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aglggo 1011 )igul aapuari •aa3 gons 3 guiglego alp uo uotltgtgold g se panllsuoo aq 1011 !legs 1amo11og o1 aaj
ogioads E ag°rego of luaumllsui iClimoas sup ui A1i1Oglne ssaidxa jo aouasgg all `saa3 1ag10 Aug 01 p111 01 uI
•saa3 uotwnJEn pug uo!loadsui Suadoid `saa3 ,sifatuolw `01 pal!UTil 1011 lnq `guipnjout `luauuulsul /lilnoaS
sup aapun slggu pug iivad01d am TIT Isalalui s,lapua' guiloaiold jo asodand alp 103 `1jngjap S,10MO11O13
gIIM uopoaUUOO ui pauuojiad saotn°Ias 103 saa3 1aMO1°tog 021E110 Jieu1 lapua'i •sagagq) u1O-I 'bi
•lapua' jo sugissg pug slossaoons ag1113auaq pug (OZ uop00S
ui papin01d se ldaoxa) putq !pp luaultulsui Ji1ilnoaS sup 3o sluautaalg1 pug sluguanOO au •guiluM
ui asgaial tons 01 saalgE Japua'I ssaiun Iuaunulsul ii1unoas sill aapun Aliiiggti pug suop0g11110 s,1aMO110g
UIO13 pasgajaa aq 1011 imp 1aMOlaog •luaumlIsul iilun0as sup lapun s(3auag pug slggtl s,lamollog jo LLE
uielgo imp `lapua-I Ag panoldd1 si pug `guiluM ui luaulnaIsul Alim0as si 'Tl lapun suoiw$ijgo s,lamollog
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•luasuoo s,aaugis -03
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ag1 lapun Auadold aq1 ui 15010111! s,laugis -o0 0gl iianuoo pug 11E12 `aggguoU1 O1 km luautnllsul iiltmoas
sup gutugts -o3 sj (g) laugts -oo„ u) a30N all alnoaxa 1011 saop lnq 1uaUmllsui Ji1unoas sup sugts -o0
own 1am011og Aug `lanamog •!glans pug luiof aq imp AupgEq pug suoiwgijgo s,lamollog Imp Saalgg pug
sluguanoo 1aMOlaog •punog sugissy pug SJOSS033ns :slau2is -O3 :Snippy" Iglanas pug lu!Of '£I
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10 sapilua `suosiad paigl moil maul/cud jo aougldaoog s,lapual `uotl1l!ul?j lnogliM `guipnjout iipatuat
10 1112i1 ,CUB guistolaxa ui lapua-i aauz1Eaglo3 1iuy •1am011og 30 150101ul ui slossaoonS Aug 10 1aMO11og
[guiguo ag1 iiq ap11U pugutap /fug jo 110001 'Cg 1uatutulsui 1(1n0aS sup Cq patinas sums ag13o uo11EztuoUre
ijipoul as(Mlaglo 10 1u0UIAEd 103 anal puma 03 asnjal 01 10 lamoalog jo 150101 u! lossaoons Aug
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lapua' ,iq paluglg luaumllsul ,ililnoaS sup Aq palnoas sums aql 3O uopgziuoure 3o uopEouipout 101u0UTAEd
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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. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.
18. 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.
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 time
prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in
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
conditions 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. 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 obligations 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 Servicer; Notice of Grievance. The Note or a partial interest in
the Note (together with this Security Instrument) can be sold one or more times without prior notice to
Borrower. A sale might result in a change in the entity (known as the "Loan Servicer that collects
Periodic Payments due under the Note and this Security 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 will state the name and address of the
new Loan Servicer, the address to which payments should be made and any other information RESPA
HANSEN, J. AF 1061286
(g:› -6(WY) moos)
087z:46.: 051
Initia
Page 11 of 15 Form 3051 1/01
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0 87 4 4G7
NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
05;3
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)
the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date
the notice is given to Borrower, by which 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 inform 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 the default is not cured on or
before the date specified in the notice, Lender at its option may require immediate payment in full of
all sums secured by this Security Instrument without 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 shall 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 following order: (a) to all expenses of the sale, including, 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 Instrument, 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.
24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead
exemption laws of Wyoming.
HANSEN, J. AF 1061286
-6(WY) (0005)
Page 13 of 15
Form 3051 1/01
LO /L LSO£ WJO1
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Mil ut paumuoo s2us110n03 pus suual alp of sagas pus sidaoos zamonog `MO"Igg JI`IINDIS A
STATE OF WYOMING,
Lincoln County Ss:
The foregoing instrument was acknowledged before me this March 30, 2001
byJared Hansen and Nikole Hansen
My Commission Expires: j j9- D7
Notary Public
State of
Wyoming
M Commission Ex.iresJune 14. 200
(SD 6(WY) woos)
HANSEN, J. AF 1061286
°S 4 c-1
initi
Page 15 of 15 Form 3051 1/01
05b
C>-11R (0004) Form 31
Page 1 of 3 MW 04 /00.02 Initi
VMP MORTGAGE FORMS (800 s21 -7291
08724c7
l� 4c
MORTGAGE INSURANCE RIDER
This Mortgage Insurance Rider is made this 30th day of March, 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 Rate Conventional Loan
[identify type of note, e.g. fixed rate] note (the "Note to Maj Mortgage, A Wyoming
Corporation
"Lender of the same date and covering the Property
described in the Security Instrument and located at:
415 Adams Street,Afton,WY 83110
[Property Address]
The Security Instrument is amended by adding the following at the end of Section 10 (if the Security
Instrument has a form date at the lower right corner of 3/99 or later) or Section 8 (if the Security
Instrument has a form date at the lower right corner that is earlier than 3/99):
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
HANSEN, J. AF 1061286
Multistate Mortgage Insurance Rider Single Family- Fannie Mae Uniform Instrument
11
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