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HomeMy WebLinkAbout87236201014465 Return To: HomeComings Financial Network, Inc. One Meridian Crossing, Ste. 100 Minneapolis, MN 55423 Loan Number: 041- 247827 -3 Prepared By: HomeComings Financial Network 14850 Quorum Drive, Suite 450 Dallas, TX 75240 DEFINITIONS WYOMING Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT WITH MERS MFWY777Q (11/00) 041 247827 -3 (o ®6A(WY) (0005101 Page 1 of 15 Initials: VMP MORTGAGE FORMS (800)521 -72 f O RELEASE 0 1` This Mort hge 9LE 1$O1L` 141..Af MJRi6AME i llf [Space Above This Line For Recording Data] 87236 MORTGAGE ,r E U (A) "Security Instrument" means this document, which is dated MARCH 22ND, 2001 together with all Riders to this document. (B) "Borrower" is DORAN L. ERICKSON AND WIFE, DEBRA H. ERICKSON 11 11 NI G 461 I OOK PR PAGE 4 MIN 100062604124782733 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. Borrower is the mortgagor under this Security Instrument. (C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (888) 679 -MERS. Form 3051 1/01 1 moil 5 L4 0 Zo 6 ed 'ydS Ill zapun „ueoi ailed ;loin prig.' 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Imp S)zadozd alp surow „4aadoad„ (3) 910 Z LS1 II2IdW11) _tom lou jjn3 ur 1g0p 0111 /igd of pue s1uauriird o!popod zejndaz ur )gap sup pied 01 pasluioid sgq lamo!!og •)sazalun snjd 00 0 SL sigjjou 001 /ON GNI/ QNVSIlOH,L HAI3 A,LN3AHS 10pU0' samo zamozzog lei; salels °1°N 0q,I, 10 0 Z UNZ Z Ha2IFiw pa)ep pue 10M0110a paudis 0)011 £.tossiuiozd a11p surow „a;obl„ (a) 0i7zSL XL 'sFI'ITda o S 3,LIfS HAIlia InICRIOLIO 0 S 8 t 1 sI ssalppe s,zapu01 32IVMK'ISa 3o smrj alp zapun dupsrea pug pazlugdzo NOI,LY210d2100 a SI 1apuari DM )I2IOM,LHN TdION/NI3 SDNINOOHWOH sr „aapua (Q) 6 26 (Q) "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. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrumentsecures 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 Instrumentand the Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns of MERS, with power of sale, the following described property located in the COUNTY of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Legal description attached hereto and made a part hereof Parcel ID Number: 311820002800 which currently has the address of 2946 STATE HWY 241 [Street] AFTON [City] Wyoming 8 3110 [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 understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWERCOVENANTS 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 encumbrancesof 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. 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Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreementcontainedin 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 agreementis 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 definedunder RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordancewith RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as deemed 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 CommunityAssociation 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 securedby 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 enforcementof 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 agreementsatisfactory 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 may give Borrower a notice identifying the Initials Form 3051 1/01 L0 /L L 90 WJod 6 9 el3NI Si. ;o 9 e6ed L019000) UMIb9 t E (00/I T) OLLLAASAW gplm `anp uau) )ou so sa')agm `Iuautns)sa' kipnaas slu) diq pampas sums alp of pagdde aq Timis spaaoosd aouesnsui a'I `pauassai aq mom s,sapua-i so aigiseaj Sneanuouoaa lou st siedas iouopeiolsai alp 3I •samossog jo uopg2ggo aios tp aq hugs pue spaaaosd apugsnsui agl jo pno peed aq lou ifegs samossog Sq paule)as `sapid my saglo so `ssaisnfpe oiignd soj saad •spaaposd gons uo sSutuzea s0 lsasa)ul SUE iamouog ked of pasmbas aq Iou hugs sapua-i `spaaposd aougmsui gpns uo pied aq of )sasapui sasml)as aigepgddy so 2uqum ut apeut sipuauiaas2g ue ssaiun •palaiduio3 si vom agp se sluaui/fed ssaaosd jo sups a ui so puauaed aguis a uluopeso)sas pug ssgedas ay soj spaapoid asmgstp Jima sapuaq •Spdutosd uaiieliapun aq iiegs uoppadsui gpns legl papinosd `uoipejspgs s,sapua-i oI papaidutoo wag sgg Isom ay amsua o) Spsadosd gpns padsul of Aliunpsoddo us peg sgq sapua-i !pun spaaposd aouesnsut i pns pioq o) NSF ay aneg hugs sapua -i `pouaduol)eso)sas pue siedas tpns Buuna •pauassai lou si iiIsnpas s,sapuari pug aigisgaj tealutouopa si sigdas souoipeso)sas agl 3f q)sadosd ay jo siedas souopesolsas of pagdde aq Begs `sapua'i Agpa.nnbas semaouesnsul Sui(papun aqI lou so sagpagm `spaaposdapuesnsui Awe `2upum in aas2e astmsa')o samossog pug sapua'i ssaiun •samossog Sq Spdutoid apeui lou 3i ssoi jo joosd axeui Sgut sapua-i •sapuari pug sauseo apuesnsut agl 01 aopou idutosd ant2 hugs samoss0a `SSoj JO Juana a') ui •aaked ssoi ieuopippg ue se so /pue aa2e2)soui se sapua-i auieu Tim's pug asnep a2e21sou1 psepueis a apnpui iiegs Spgod ipns `S)sadosd agl `3o uoilpns)sap so `01 02eiuep soj `sapuari Sq pasrnbas asimsaipo lou `a2gsanoo apugsnsui jo uuoj Sur suie)go samossog 3I •saopou iemauas pug sutntutaid pied jo sidiapas fie sapua -i of ani2 Spdutosd ifegs s0moss0g `sasinbas sapua-i 3I; sai$Oidpsao iemauas pug sapgod a'I mu of 10ii 0q1 aneg Timis sapua-i •aaSgd ssoi ieuoilippe ue sun/pure aa2e2lsoui sg sapua -i auseu eggs pue `asnep a2r211011.1 psepuels a apnpui !lugs `sawgod gpns anosddgsip of 1tj 1 s,sapua-i o) Ipafgns aq hems satpgod ipns jo sigmauas pur sapua -i Sq pa.nnbas sapgod apuemsul iliv' •luauitied Suilsanbas samossog o) sapua-i umsj aailou uodn Isasalui gpns gpim `aiggAed aq hems pug )uauiasmgsip jo a)ep ay uiosj ales a)oN aqa )g Isamu! Iraq hemss)unoureasagi,•Iuaums)sui dim os slu) iigpasnpas JOlgap ieuoilippgauiooaq U1.15 S uoiloas snp sapun sapuari kg passngsip s)unoute &iud •pauigigo atom! pinoo 1 M0ss0g legs aouesnsut jo isoo agl paaoxa Spueoi3iu2is Ii iii pau )qo os a2esanoo aouginsui atp jo Isop a') le') sa2paimouope s0m0ss0g 'MHO ui ,fisnoinasd sem ueg) a2es0n03 sassai so 10)e012 apinosd lggiui pue £igiggg s0 psezeg `)Isis Niue isuiese `i)sadosd ay jo s)ualuoo aql so `A)sadosd agI ut Ailnba s,samossog `s0m0ss011 pa)osd )ou Igpiui so 42iui )nq `sapua -i sanoo hems a2usanoo gaps `aso ;asaq i, •a2esan03 jo lunouie so adiil seinailsed Sur aseipsnd op uope29go ou sapun si sapuar-j •asuadxa S,samossog pug uot)do s,sapuai )g `02esano0 aoueinsui uplgo Seui sapuari `anoge paginsap sa2esanoo pip jo fug utgiuteut o) siig3 samossog 31 •samossog riq uoipafgo ug uios3 2uiiinsas uopeuiuuapap auoz pooh Sue 3o ■nalnas ay g)lm uopoauuoa ui iipu02yivaiu02euew SauaSsauig iesapad alp ,iq pasodiui saaj Sue jo )uaui id alp soj aigisuodsas aq osie iieus samossog •uoiiepiJgsa3 so uoi)euiuisa)ap ions IpaJP klgguoseas gplgm sn000 sa2ui tp seiimps so s2uiddeutai pull) 'pea sa2segp )uanbasgns pug sapinsas uopepgpsa0 pug uoi)euiuua)ap auoz pooj soj a2seup pun) -auo a (q) s0 :saoinsas 2uppes) pue uoiiepiipsap `uoilgutuuapp auoz pooh soj aasegp aural -auo g (g) %tag)ia `ugo-i sup ipim uoilpauuo0 ui 01 samossog astnbas Sem sapua -i ligeuoseasun paspsaxa aq lou ifegs 145u 113111m `aoiot p s,samossog anosddesip oI IgJls s,sapuari of )pafgns samossog Xq uasoi p aq ipeus apuesnsui all 2uipinosd sauiep 0ouesnsui au, •ugo-i ail 3o um) a'p 2uunp a2ugup uep saaua)uas &uipapasd a p oI Iuensind sasrnbas sapua' ieum •sasrnbas sapua-i imp spousad all soj pug (sianai aigppnpap Suipnpui) s)unouie ip in pauFlureuz aq !pegs aoueinsui sig •apueinsui sasinbas sapua- !'plum soj `spoon puesalenbgpsea `0) paliuiq Iou Inq &uipnpui spsezeq saq)o Sue pue „`aBesanoo papua)xa„ um) alp uig)im papnput spsezeg `asg Sq ssoi )sute2e pa.msui klsadosd ag) uopapasasa)3easaq so Bui)sixa mouspuamanosdmT ag) dam! hugs samossog •aaugansuI ,adoad •S •ueai siq)'iim uoipauuo3 ut sapua-i kg posn aainsas Sut)sodas so /pug uopeoiiisan xe) alelsa lease soj a2sn'p aural -auo g fed o) samossog aslnbas Arm sapua-i uoilpas scup ui anoge q)soj )as suotiog ay jo asoui so QUO axep so 110g ag) iJspes hugs samoss0 `u0nl2 ST 009011 Iell gpigm uo alep au) jo &iep pi utgl!M •uag MFWY7770 (11/00) 041- 247827 -3 6A(WY) (0005).01 Page 7 of 15 0872 362 Initia 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 condemnationproceeds 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 releasedproceeds for such purposes. Lender may disburse proceedsfor the repairs and restorationin a single payment or in a series of progress payments as the work is completed. If the insurance or condemnationproceeds 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 reasonablecause, 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 inaccurateinformation or statementsto Lender (or failed to provide Lender with material information) in connection with the Loan. Material representationsinclude, 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 agreementscontainedin this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and /orrights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnationor 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 /orassessing the value of the Property, and securing and /orrepairing 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 Form 3051 1/01 L0 /L L90£ 'Mod alelliu! 8 L to 9 aged Lo ls000) (AM)v9 LZ8Lt'Z 0 (00 /T I) OLLLAAAdWI •punpaa Sue o; aaMoaaog ai ;T;ua ;ou illm. bq3 pue'aaueansui a2e2;aoytT ao3 ago lion aanoaaog ;unome aq; aseaa3ul ;ou iuM s ;uamaaa8e gans •ueo' aq; jo smaa; aaq ;o Sue JO aaueznsul aSee;aoyx aoj fed o; paaaSe seq aato.uog rip s ;unome aq; lame ;ou ilrt s;uamaaage !fans Suy (e) :zaq)1t „•a0uelnsuiaz anilde0„ pam1a) ua)jo sr luatuaSuelze alp `za.msur alp o1 pied sumiluazd ail jo amp a zo3 aSuegOxa ur xsu s,zaznsun gip jo azegs a sale; zapua-1 jo mmHg ue )e11) sapptold )uatuaaJSe gans 3I •sassoj 2upnp01 so '31s11 s,laznstn aSe241our ail Strrlijipotu 10 Suuegs 1oj aSuegaxa u! aaueznsul a2e21zoyq 1oj s;uauried s,zamo1log jo notpod a (sepazuapezeia aq )ggim zo) mozj anizap leg; slunome (Spa04ur zo Sp30lip) anr0301 Seur `SuioSazoj alp jo Niue jo alegzjje Sue zo `A)pua zaq ;o Niue `laznsuial Sue 'Jams!!! iaglour 'aloN aq) jo zaseg0znd Niue `zapuaj'sluamaa de asaip jo )Tnsaz a sy •(stunrurazd aaueznsui a2g2)1oj, urogpauuiga spurt' apnraui Diem gaigM) aigeiiene aneq Sew Jamsu!OSeS;zom alp )eq; spunj jo 03lnos Niue Sutsn sluatuSed avm of zaznstn aSeS)lour aqa azrnbaz Setus ;uauraaz2e asai j •sluauraa1Se asaq) o; (saiazed zo) Sped za11uo aq) pue Jamstn a ge2llour alp 01 £.ropejsges ate Imp suoilrpuoa pue suua; uo a1e s)uamaa1Se PSOIT •sassoi aonpaz 10 ',pp zraq) Ajrpotu 10 azegs art; sar)1ed za i)imsluamaa1Se on!! lalua Sem pus 'amp o; atop mo13 03z0j ut aaueinsar gans Ile uo Asp Telol Iraq; amp/kg s1amsur aSeSlzow •aaueznsul ages ;zoyq a11) o) 611ed a )ou si 1OMo110g •paai2e se ueo-j aqa Sedaz aou swop 1 M0110g 3i molt! Seto SassoT uieazaa 1oj (a;oN alp saseg0znd )eg) Sipua Sue 1o) zapua' sasingmiaz a3uelnsui a2mS)10jA •a)oN aqa ur papinold a)ez alp 1e )saza)ur d o; uopr2ggo s,10MO11og s)0a33e OT not ;0as sup ur SurgloN me' 0Tgeziddy &gpazrnbaz sruopeuturlal ri)un 1OUO1 ;euiurl0) trans 10J Suipinold zapua' put 1 M011og uaam;agluauiaazSe ua11i1M Sue tpim03uepz033e ui spua aaueznsul a2e2lloyg zo31uauiazinbaz s,zapua- i un 'anzosaz ssoi ajgepunjal -uou a apinold o1 JO `100jja ut aaueznsul a2e211oIAT ute1uietu o) pazmbai stunturazd Dip iced iregs .aMo110g 'a0uminsut a2eS)10}k 1oj smnrmazd aqi pzemo; s)uatu1fed paleuirsap STa ;eiedas aviu 0) pa1mbal sem 1amo11og pue ueo' alp Supply jo uorpipuoo a se aaueznsul aSeS)zowpazrnbal lapua' 3I •aaueznsul a2r21Jow zojsmnrmazd alp pzemol sluatukecipa)euSrsapSplezedas sazrnbaz zapua' pue `paun qo sr `argepene samooaq uieSe zapua -I siq palaaras zaznstn ue siq papinozd (saiinbai Japua' imp pouad alp zo3 pug lunoun ail tn) a2elan00 aaueznsul aSe2)10 A jr sluaurSed 0A10S 1 ssoj alrnbaz 1aSuoj ou two lapu0' •0A10501 ssor gans do s2uiuzea 10 )5010)111 /(ue zamol1og t(ed of pannbai aq lou Timis lapua' pue 'TTnj ur pied i(TO;etur)Tn si ueo' ail )e11) )0mj ail 2uipue)sgpTM)ou `aigepunja1 -uou aq TTegs anzasal ssoj tans aaueznsul aSe2310 4 jo nair ur anzasal ssoi argepunja1 -uou a se s)uotuked asaq; Ure ;al pue asn 'ldaaae !um lapua' loajja ur aq o) paseaa 02e10A03 0aueznsur aq) ua1M anp aIaM leg) s ;uatu&edpa)eu2isap 1 jopuedas alp jo )unome alp zapua' of ked o) anupuoa Hulls zaMOJJOg `ajgejiene lot sr 02ez0n03 aaueznsul aSeS)1ow lu0Tenmba £TTei)ue)sgns 3I •zapua' Sq pa)aaras Jaznsui aSeSlzotu a;euza)Te ue mozj `pajja to icrsnotnazd aaueznsul a2e2)1oyAT alp jo 1aMo.uog o) )503 alp o) lualentnba STteilue)sgns ;s03 ale 'loa33a to £isnoinazd aaueznsul a2eS)1O[A alp o) luaienmba tei)ueisgns aSe1ano3 unt qo o) pazrnbaz sungulazd alp ,led Tlegs 10MO1zog `aaueznsul a2e2)1ow 1oj sumunazd aq) pJemol sjuam/fed pa)euSrsap eledas aVur o) pannbal sem 1amo110g pug aaueznsul gans papinozd /(Tsnornald will Jams!!! 0 11 ))our alp lO1j argeriene aq o) saseaa zapua' siq palrnbaz 0 1110Aoa aaueznsul a212)zow 0111 `unseal Ale zo3 3I ')00330 ura3uelnsula2e$11ow aq)ure)uietu o)pazinbalsurnrtuald aq) pied Heirs 10M0110g `ueo' aq) Sappeur jo uot)ipuo0 a se a3u emsal02eS)10y4Tpalrnballapua' 3I aaueznsul aSeRpoNt 'oi •2tn)i1M ui zaSzata aq) o) saaw&& zapua' ssaiun a21am 1ou Hells app aaj ail pue pro10SeaJ aq1 `S11ado1d alp of app .00j salmbOR za /ozz0g jl •aseaJ aq) 3o suotsrnold alp TTe q)tnn STduroo Help IaMOIJOg 'progaseai a 110 si )uatunz)sul A)iznaas sup 3l •)uatuSed Sur)sanbol z0M01z0g 0) zapua' wozj aai)ou uodn ')sala)ur ions q)1M 'arquSed aq jjegs pue )uatuasingsrp jo alep aq) W01j a1ez a)oN gip )e )sala)ui real ((eqs nano= asaq 1, ;uaurnz)sul /i)iln0as stir siq paznaas lamo1log jo Rap reuopippe auroaaq 11egs 6 not)0as snit zapun zapua' iiq pasingsip slunoure i(try .6 uor)0as sup zapun pazuoq)ne suor)0e IIe 10 Niue Sui3Te) ;ou .oj ()1TigeIT 011 s.m0ur zapua' 1eg1 paa1Se sr )I •os op o) uot)e2irgo 10 ;ilnp Niue zapun 1011 sr pue os op o) aneq )ou saop zapua' `6 uor)aas sup zapun uot)ae ale; Diem zapua' g2noq)ry •jjo zo uo paultil sapiriln aneq par 'suotlipuoa snolaguep zo sUotlerorn 0p03 10)o zo Surprmq a)euruma `sadrd moij 1a)eM uteip 'smopurM pug stoop do pzeoq 10 a3e(da1 'saraoT a2ue10 '51reda1 01 £)zadozd ail 20110)110 '01 pa)itui 1011 sr )nq `sapnprn Siladozd aq1 Surznoas •Suipaaoozd /6)dnl3rueq a ai uor)isod paznaas s)( Surpnpui'luOmni)sui A)ilnoas sup zapun s1g2u10%pue S)1adold alp ui )sala)ui 81i )00)01d o) saaj ,sSaulo)le 1":9 MFWY7770 (11/00) 041 247827 -3 6A(VVY) (0005).01 (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 restorationor repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restorationperiod, 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 undertakenpromptly. 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 agreementis 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 restorationor 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 securedby 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 accelerationhas 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 attributableto 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. 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saaj zamozzog aBzego Arum zapua-j •salaego ueoi PL •zapun-- jo sarsse pup szossaoons alp liauaq pug (0z uopoas ut pap tozd se ldaoxa) puiq jleis luatunz)suj Ajimoas sup jo sluatu0012e pue sluvuanoo gi,j, •2upum ut oseapz lions o) saaz2e zapua-j ssalunluownzjsuj Alpnoas sigl zapun Slipgeq pue suope2ggo s,z0mozz0g moilpaseajaz oq iou !Legs zamozzog •luaumzlsuj Aipnoas sigf zapun sfgauoq pue slg2p s,zamozzog jo lle utelqo Help `zapua-j Agpanozdde si pue Tutlizm urjuaumzlsuj Alunoas sup zapun suope2ijgo s,zamozzog sautnsse oim zamozzog JO jsazaluj ur z0ss03011s Sue `81 uotjoas jo suotsinozd ail of )oafgns •1U0SUO3 s,zau2is -o3 alp lnoipim aloN ail JO luautnzfsuj Slunoas sup jo soul- ail co) pze2az gfimsuopepouttu000e Sue aria JO zeagz0j `Ajtpout 'Nom o) gaze ueo zamozzog zaglo Aue pue zapuaZ fegl saaz8e (o) pue `.luauungsuj Alimoas sup Sgpamoas sums ail Aed of pafe5rjgo Aljeuoszad jou sr (q) `.luatungsuj Alimoas sup jo sutzal ail zapun £lzadozd ail ut lsazalul s,zau2rs -o3 alp Sanuoo pup luez2 `a2e2lzout of Apo fuatunzlsuj Ajunoas sup 2uiu2is -oo si (e) zau2is -oo„ e) aloN alp alnoaxa jou slop lnq luaumzlsuj Alimoas sip str2ts -oo 0gmzamozzog Sue `10n0mo11 jezanas pup luiof aq -legs Alijigeij pue suoile2ggo s,zamozzog Imp saade pue sjueuanoo zamozzog •punog starssy pue saossaaans fsaauf js -o3 :Amgen Realms pup lujof •£Z •Apatuaz JO 11121z Sue JO 0Spz0x0 agj apnpazd JO JO zantem a aq jou pegs `anp ua junoure alp ueif ssajslunoute ur JO zamozzog jo Isazaju' ur szossaoons JO satlpua `suoszad pip umzj swagged jo aouejdaooe s,zgpua-j `uopeltutil jnogjrm Ttnpnpur Apamaz JO Sue Buispz0x0 ui zapun -j Agaouezeagzoj Auy zamozzog jo jsazaluj 1111 sz0ss03311s Sue zo iamoisog jeui2uo alp Agapetupuputap Aug jouoseaz Agjuaumzlsuj *moos sup Agpaznaas sums ail jouopezipotue Ajipour asrmzagp JO juatu ed zoj mug puma 01 asnjaz of zo zamozzog 40 1s0z01UI ut IOSS033UUS Sue jsute2e s�urp0000zdaouauturoo 0) pazmbaz oq jou -Reis zapuaZ •zamozzog jo )sazajuj ur szossaoons Sue JO za JO Alijigeij aqj aseapz of olezado jou Hells zamozzog JO jsazajui ur zossaaans Niue zo zamozzog o) zapua-j AgpalueBluo mzlsuj Ajimoas sup Sgpaznoas sums aqf jouopeztjzoute jo uopeogipour JO luamm&ed zoj mug alp jo uotsuajxg •lance& e lox aapuai Ag aaueaeagao3 `.pawl jag lox aaAtoaaog •zi MFWY7770 (11/00) 041- 247827 -3 6A(WY) (00051.01 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 agreementby 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 transferredin 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 Interestin 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 Instrumentand the Note as if no accelerationhad 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 reinstatementsums 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 reinstatementby Borrower, this Security Instrumentand 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 unrelatedto 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 Page 11 of 15 Initia Form 3051 1/01 LO/ 6 690£ W1O 5 r 1 Z L o 1.0•(s000) (AMIV9-42;) c-Lz8Lbz-ib0 (00 /ii) OLLLAAU N •dnueatj i11luau(uozrnug ue rojlapua uo uope2ggo Aug glean gmis u(alal Sup.poN •me-i Ieauauiuo.nnug tpim 031111p1O33u ui suogae ieipOUrar Sless03O11 p 0x110 Spdmozd hugs ramozlog Lfzessaaau sr Spadold alp 2ugaa33eaauelsgnssnopaezuH /cu11,3o uopeip0uuOr rail° 10 tenomaz Suu lug) `Aped alenud Sue JO `Xluo11lne £ioleinSai JO teluaururano2 Au11 pai3gou Si zO `sulu0iraMOJJOg 3I 'Lilladozd affil 3O amen affil 51303311 efias1anpe 113111m aouulsgnsSUOpl11zeH R 3o aseapz JO asn `aauasazd all Aq pasneo uoilipuoo Niue (3) pu11 aouelsgns Snoparz1H kuu 3o as11apa 3o ramp zoasuaiaz `a2aegosip &uppai 4 &u11tids (ue `ol paliurq 1011 inq Surpnpu! `uotppuopieluauruozrnug Niue (q) `a2paimouI 'mpg seg 10MO110g goigm 3o MW teluau(uolrnug io aouelsgns snoparz11H Sur pug S;aadoad all Surntonu( Mired alenud JO S0ua2u bolein2aa aO iuluauruzano2 Sur Liq uog3u 101110 ro lmsmei `pu11urap `unep `uop112psanur Sue (u) 30 03gou uallum zapua -i an12 Stldurozd ite11s 1amolaog •(spnpoad raumsuoo ur saouelsgns snoplezeg `ol paliurq 1011 lnq lurpnpur) A;1odord all jo aoueualureuu 01 pue sasn ieiluapisa1 ieuuou of aleudoadde aq of paziu2ooaz Siiezauo are ;ell saouelsgns snopznzeH jo sagiluenb items jo £lradozd all uo 02e1O S JO `0511 `aauasazd gip o1 Sidde lou hells saouapuas oml 2urpaoaid a11Z •Alzadoad all 3O ameA all 51303311 dtasaanpe pegl uotpipuoa R S01e013 `a0uepsgnssnoparzeH e jo aseapr 10 `0511 `aauasazd ail of anp `1pigm (a) JO `uoprpuogiulu0uruo1inug ue salgazo rpU M (q) `m11-i ieluatumu nug Sur jo uogeiorn ui smell (e) illadoad all 2upaa33e 2uiglSue `op 01 asp auoLiur moue 1ou `op 1011 begs 10M0110g i11od0Jd gip ui 10 110 `saaue;sgnssnopzezeH Suu asuapz olual11anp zo `sOou isgns snoparzeH Aug 3o ase0jO1 JO `02 1O1S `i11sods1p `asn `aauasazd all 1iuuad rO asne3 1011 11 115 10MO110 •dnueaiD teluau(uoa!Aug ue 1022111 as(m101110 10 4 01 alnqu;uo3 `asneo uea 111111 uopjpuOo R SUROUr „uogipuo3 i11;uauruolinug„ uu (p) pue :mu- ii11luauuroarnug u( paurjap se `uoiloe TA0111O1 JO `uogae i11(pauial `uogae asuodsOl Niue s0pnpur „dnueajD ieluaun(olinug„ (a) `uo1Pa1oad I11p autuoarnu0 JO Slaps `lpie011 01 am= Imp paleooi s(Apzado1d all ara11m uopo!psunf all jo smut pug smeiiezapajsaeaur „meZ teluauruorinug„ (q) :sieualeur angpeo(per puu `apAgapiuuuoj 10 solsagse Suiun uoo sp airm `sluanios alprion `sapioiglag pue sapi3ilsad oixoi `slonpoad umaioz ;ad apcol JO aigeu(uret31ag1O `auasozax `aulose2 saoueisgns Surmoito3 all pug me- iieluauruozrnug Aq salsem JO `slueinnod `saouelsgns snopzezeq JO 31X01 sr paugap saouelsgns 0501(1 ale „saouelsgns snoparzeH„ (u) :iz uop3as sing ur pasn sy •saauelsgns snopagzeH •iz •0Z uopaas 5N1 3o suoisrnold 1Op3e anp3al103 aAe1 01 £liunpaoddo pug 03(1011 all A3spes 01 pauraap aq hugs 1(1 11011305 o; luensmd aamoz1Og 01 U0A!S u0ge1Oj033e JO aagou all pue ZZ uoilaas 01;uenslnd 10MO11Og o; 1101112 01113 01 Sl(unlloddo pue uog11rata33u 30 0311011 a1J, •11d1112eaed sig; 30 sasodmd 103 atgRuos11aa aq o; pauraap aq itim pouad aunt 111111 twirl aq ue3 uogoe uiei103 aropq asdgia 1511111 laigm pouad amp a saprnoad m11Z aiggogddy 3I 'uoilog aispoa1zoo awl o1 03(1011 lions 30 2UTAIS all 101311 pouad aigeuos11aa a 0101011 Aped 10 all pap1o3311 pue ga11aaq pO2aitu gins 30 (Si uopoas 3oslu0urarmbaz all pm aou11iiduroo u( uan12 aagou 113115 1111M) A1111d 001110 all pagpou 5111( lapua-i 10 aamorlog gins (1;1111 `luaurnalsui Alunaas 511(1 `3o 11051101 ,iq pamo Apnp Sire JO 10 uo(srnoad SuepalaWOaq seg )i1111d 101110 all 11111; sa2aj(e lugl ro1uaum psui Lii(m3as 5 1111 Ol luenslnd suop311 sMirud lag ;o 0111 111013 505(111 leg1 (ss11p 11 jo .Iogmour 0111 JO 1U11S(11( tenprnipum u111ag1(0 s11) uogae i11ioipnf Sur o1 pauiof aq 10 `u(of `0ou0uru1oo Arm zapua-i zou zamozzog aa111iaN •aasegolnd a1oN alp Sq pap(nord asim1alpo ssaiun zas11l31nd a1oN al; Aq pOUmss11 1011 are pug .1031AJOS u10110SS03311s a o1pa11ajsuezl aq JO 1031A108 O11l 11limureural frm zamo110H 01 suog112ggo 2uprnaa5 u11Oi a2e2l1our gip `a1oN alp 30 rasegamd alp 1111 za3IAJOS 111101 e Sq pa3TA10S 5(111101 01111013eara1p pue pion s( a1ON 011131 '2ur3inlas 301aJsuer13o aagou e g;rm 1101130111103 u(saz(nbaz MFWY7770 (11/00) 041 247827 -3 10 6A(WY) (0005101 Page 13 of 15 G3 6 NON UNIFORMCOVENANTS. 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) 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 securedby 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 renderedand 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. Initials Form 3051 1/01 LO /L L90£ wioj 911 aced JaMOJJOg- JaMOJJOg- (tugs) (Fos) JaMOUOg- (raS) JaMOJJOg- (iAaS) J2MOJJ0a- (IAaS) o NOS)DI2i r NV OQ 111pinn papzoaaz puu zomo.uog Sq palnaaxa atom Aug ut puu luaumzisui �iiznaas sup ui paupluoa sluguanoa puu stun' alp of saaz2e pue sidaaae zamozzog `MOlafl D IINDIS dig J9MOAOg- (i s JaMOJJOg- (F Mo to'leoom (AM)v9 (00 /II) OLLLAMdNI :sassauiiM STATE OF WYOMING, The foregoing instrument was acknowledged before me this o?A/b IL 2001 by DORAN L. ERICKSON AND WIFE, DEBRA H. ERICKSON My Commission Expires: Q W.03 PENNY JONES NOTARY PUBLIC i Co of n 1.4 i State of Lincoln Wyoming M Commission Exp 18, 2O 3 MFWY7770 (11/00) 041 247827 -3 ®6A(WY) (00051.01 Page 15 of 15 WOW 6 38 County ss: Le;t/ed,C,r✓ Form 3051 1 /01 •&rtiiuTVaq 3o 4uTod 044 o4 spoa p+ Ise aouato spoa 8 tunas aouail '.spoa p+ :IseH aouaq :spo.t 8 q toN aouag4 ?utuunu puu 8T uozloas pTes 3o i7 /TMN aq4 3o aau.zoo IsaMuonos au:I 3o 1 4iION spo. 8S 4uTod a 4e &utuuz 2ag 6 E. 9 :sM0TI03 se pagZZOsap XTauTno-tt d aaow 'SUTwoAm 'Xlunop uToouTi .Wd 4:9 aq4 3 M8TTlI 'NT83. 4 8T uozloas 3o 4JUd .v. cr gZijx