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HomeMy WebLinkAbout965020ATEC 141602 Return To: U.S. Bank Home Mta -Final Doc 1550 American Blvd East: #440 Bloomington, MN 55425 Prepared By: Alliance Title Escrow PO Box 1367 Kvmnieror WY 8310 Shanna Jacobson 4801 Frederica Street Owensboro, AY 42301 DEFINITIONS ISpa.e Above TM. Liu., Fvr a., o. ding Dotal MORTGAGE MIN 100021200006813306 Words used in multiple s io s of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Cm rules regarding the usage of wordy used in this document are also provided in Section 16. (A) "Security Instrument" means this doctunent, which is dated 06/01/2012 together with all Riders to this document. (E) ''Borrower" is Lone° Sutton and Mickey L Sutton, husband and wife Borrower is the mortgagor under this Security Instrument. (C) "MERS" is Mortgage EltzVonic Reg stration Systems, Inc. MERS is a se parate corporation that is acting solely as a nominee for Lender and Lender 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. 2200285018 WYOMING S8;818 ismtty FonMs Mos/Frodd+a /1.1= UNIFORM sisT suMEM WITH Mery VMP(g1 Wolter) Kluwer Financial Services D Ve *W- Form 3051 1 /01 VMPBAfWY) i000e) Pape 1 of 10 irddala: L S 00572 RECEIVED 6/11/2012 at 2:40 PM RECEIVING 965020 BOOK: 787 PAGE: 572 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Q) "Lender" is U,0. bark N. a'c, Lender is a National Association organized and existing under the taws of The united States Of America Lender address is 4001 Frederica Street, Owensboro, KY 42201 "Note" means the promissory note signed by Borrower and dated 06/01/2012 The Note states that Borrower owes Lender One Hundred Forty-Eight Thousand and 00 9 00t-he Dollars (U.S. 140 000.00 plus interest. Berrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than July Ova, 2022 "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "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. (11) "Riders" means all Riders to this Security rent that are executed by Renewer. The following Riders are to he executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider U Condominium Rider E Second Home Rider 0 Balloon Rider n Planned Unit Development Rider 0 i-4 Family Rider f! VA Rider Biweekly Payment Rider E Other(s) [specify] (1) "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. (3) "Community Association Dues, Fees, and Assessments" means all dues, fees, asse?sments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. "Electonic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper ins lent, which is initiated through an electronic terminal, telephonic iustnrnrent, 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, tansfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Iteems" mem those items that are described in Section 3. (M) "Miscellaneous Proceeds" miens any con pensa ion, 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 des :cttion of, the Property; (ii) condemnation or other taking of all or any part of the Props (iii) in lieu c•f condemnation; or (iv) misrepre misrepresentations of f to, or omissions as tG the Property; 1 value and/or condition of the Property. i) "Mortgage insurances` means insurance protecting Lender against the nonpayment of or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest tender the Note, plus (ii) any a=mounts under Section 3 of this Security Instrument. 2200285019 0 VSAWY VvYOMJ 3 Singlo Family Farago Mee/Ftedale Mac UNIFORM INSTRUMENT WITH MtiRS Farm 3051 1/01 VMP(W VMPSAiWY} (0500 Wo!tfts K!,wo, Finando! Serviced millets 5' Pogo 2 of 16 1 5 00573 4t R U.S.C. "RESPA" means the Real Estate Settlement Procedure �,aa �i.� t�b�... Section 2601 et seq.) mid its implementing regulation, Regulation X (24 C.N.R. Part 3500), as they night be amended from time t 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 r estrictons 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. (Q) "Successor 3n 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 inst uunent. TRANSFER OF RIGHTS IN THE PROPERTY This Security instrtunent secures to Lender: (1) the repayment of the Loan, and all E enew extensions and modifications of the Note; and (ii) the performance of Borrow& s covenants and agreem. eats under this Security Instmment and 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] game of Recording Jurisdiction] SEE LEGAL DESCRIPTION ATTCD HERETO MJD VADE A PART THEREOF Parcel 17 Number: 12 3219 24 016.00 which currently has the address of 16 Tee Mont Dr [Street] Afton [City) Wyoming 83110 [Zip Code] "Property Address TOE T "r1ER 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 Scourity Instrument, but, if nee sary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any 2200266019 WYOMING Skate r'arAy Pairae Maol4r_d6 Mae UNIFORM INSTRUMENT 1MTN MESS %APO Walton' Kluvred Fktiend Sendai:' Initiate; 5 D VRAW'/ Form 3151 1/01 VMP8A(WY) (0606) Pega 3 of 16 00574 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. 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 unenconmbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and detnad.ds, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifor n covenants for national use and non- unifor, covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenent and agree as follows: L 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 fumis for Escrow Items pursuant to Section 3. Payments due under the Note and this Security hnstrunier<t shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment arder the Note or this Security Instrument is returned ed to Lender unpaid, Lender may require that any or all subse payments due raider the Note and this Smneity Instrument be made in one or drone 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 loe -ation 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, that Lender need not pay interest on unapplied funds. Lender may hold such unapplied finds 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 Prods. 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 include~ a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be 2200295019 D VSAWY WYOMING &Mete Family Fannie MastFreckle Msc UNIFORM INSTRUMENT WIN MERE Form 3651 1101 VMPO VMP9A(WY) (0808) Worms Kluwer l..emclai Services EnS8e1� Page 4 of 16 00575 paid in full. To the extent that any excess exists prier 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, ii;strance proceeds, or Miscellaneous Proceeds to principal dive 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 frill, a sum (the "Funds to provide for payment of amounts due for: (a) taxes and assessments and other items which on attain priority over this Seeurity instru(rtent as a lien or encumbraisce on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insuranc;r required by Lender under Section 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 daring the term of the Loan, Lender may require that Community Association Dues, Fees, and assessments, if any, be eacrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borower shah promptly famish to Lender all notices of amounts to be paid header this Section. Borrower shall pay Lender the Finds for Escrow Items Mess Lender waives Borrower' s obliga to pay the Funds for any or all Escrow Tarns. Lender array waive Borrower' s obligation to pay to Lender Funds for any or all Escrow Rents 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 du 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 rainy require. Borrower' s obligation to snake such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Swe rity Instunent, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow ltc=lls directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 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 maxim= amount a lender can require under RESPA. Lender shall estimate the aniotfnt 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 accoun t, 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 Tender 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. 2200255015 0 VBAWY WYOMING Singte Family Fenn1e MeetFroir4le Moo UNIFORM INSTRUMENT WITH MMM555 Form 3051 1/01 VIVIPn VMP (0808) .nd Wohros KI,wsc ElrsW Sorv:cas Intl plc: s Pogo 5 of 16 1 00576 If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account. to Borrower for the excess finds in irecordar.ce 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 theme 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 Ins-memo-a, Lender shall promptly reijnd to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay ail taxes, assessments, charges, fines, and impositions ateibutable to the Property which can attain priority over this Se teeity 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 iterus are Escrow Items, grower shall pay there 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 proc which in Loader'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 Instr•,u t. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instru_+nent, Lender may gave Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, grower 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 andior reporting service used by Lendm. 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 -tin=e charge for flood zone determination, certification and lacking se- vices; or (b) a one=time charge for flood zone determination and certification serve and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination ortification. Borrower shall also be responsible for the the payment of any few; 'imposed by t7z Faddersi Erriergency Management Agency in ;,o:iiae:Aicr.• 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 overage. Therefore, such coverage shall cover Lender, but aright or might not protect Borrower, Boil owes s equity in the Property, or the contents of the Property, against any risk, Lazard 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 wider this Section 5 shall 2200266096 WYOMING Sing! FamUj Fannfa Meer/F. eade3a Mac UNIFORM INSTRUMENT Wl7FE MERS VM?n Wa".asa MUMS Financial Sa vices 5 f)5 q V6AWY from 3661 1/01 VMP8A1Wv (08081 pe8e 8 a: :e 00577 become additional debt of Borrower seared by this Pik 1 y Instru ant. These =mutts shall bey- 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 rcouired 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 squires, 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 a'Mitianal loss payee. In the event of loss, Borrower shall give poloist notice to the insm-arice 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 app lied 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 pe, iod, Lender shall have the right to hold such insurance precmds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, providcd that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment ent 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 world be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender m, ay tile, 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 (oche: than the right to any Yefund 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 instant= 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 Borrewer's pj ncipai 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 circurstan es exist which are beyond Borrower' s control. 7. Presentation, Maintenance and Protection of the Property; Inspeetions. 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 2 2200266016 WYOMING Stogie Fen* FeoPiie MesiFra66ie Mac UNIFORM INSTRUMENT M TN MERS VMP {K1 Wawa Khmer Financial Services D V6AWY Form 9061 1101 VMP6Ariair (0806) Ir>ltlaie: i Peso 7 of 16 00578 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 Propeeey, Borrower shall be responsible for repairing or restoring the Property only if Lender hie released proceeds for such purposes. Lender may disbu se proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is complete°. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of i orrower'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, Lander may inspect the interior of the improvements on the Property. Lender shall gave 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 Boorrower's occupancy of the Property as Borrower' s principal residence. 9. Protection of Lender's Interest in the Property and Right Under this Security Instwament. Af (a) Borrower fails to peiform the covenants and agsreeinents contained in this Security Instrument, (b) there is a legal proceeding that night significantly affect Lender" s interest in the Property and/or rights under this Security Instria°aie'it (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 Serenity Instrument, including protecting an=d/or assessing the value of the Property, and securing and/or repairing the Property. Lender' actions can include, but are not =limited to: (a) paying any pis secured by a lien which has priority over this Security Instrument; (b) appearing in mum and (c) paying reasonable attorneys' fees to protect its is terest in the Property and/or rights under this Security Instrument, including its secured position in a banberptcy 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 of Although Lender may take action snider 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 wader this Section 9 shall become additonai debt of Borrower secured by this Security Ins ruxnent. 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 Instrome at 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. Mortgage Loan, 10. Mortgage Insurance. If Lender required Mortgage insteemoe as a condition of making the oan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance. coverage required by Leader ceases to be available from the mortgage insurer that previously provided such instaraiice and Borrower was required to make e separately designated payments 2200285016 iAreem:e 5'inpie Fan:1y Frank MtrAIFeftleP.,frMtic UNIFORM INSTRUMENT Wm? MERS VMP{ii Wolters Kluwer Financial Service: initiate• 045 D V6AWY Form 30'51 1101 VMP6A{WYl (0606) Pepe 8of16 00579 toward the preriurns for Mortgage Insurance, Borrower shall pay the premiums required to obta=in coverage substantially e�Tuiv alert 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 s-: stigmata 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 selcted by Lender again biomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insure= as a condition of making the Loan and Borrower was required to 'hake separately designated payments toward the premiums for Mortgage inmerance, 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 ardance 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' a 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 a s=kate their total risk or 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 tosses, These agreements are on terms and conditions that are satisfaeory to the mortgage insurer and the other party (or parties) to these age eements. hese agreements may require the mortgage insurer to crake payments ents =sing any source of fends that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these ageeer tints, Lender, any purchaser of the Note, another insurer, any =insurer, any other entity, or any af=filiate 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 insured s risk, or reducing lasses. 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 agTeenents will net affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements wilt not increase the amount Borrower will owe for Mortgage Insurance and they will not entitle Borrower to any refund. (b) Any such agreements %ill not affect the rights Borrower has if any with respect to the Mortgage Insurance under the Homeowners Prateon Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain anceilatien 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 ter nirsation, 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. 22266266616 WYOMING Single laerN/y Fonda Mae!Freddlo Moo UNIFORM INSTRUMENT WITF4 MERS VMP® Wet !Gum; Flnancla! Servloes D V6AWY Form 3651 1/01 �y NMP6 mom Maki* "1 Pap 8 el 15 r s 00580 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 leeseied. During such repair and restoration period, wider shall have the right to hold such Miscellaneous P,rooe 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 wee-malt 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 Prods. If the restoration or repair is not economically feasible or Lender' s security would be lessened, the Miscellaneous Procmis shall be applied to the sums secured by this &amity Instetnnent, whether or not then due, with the excess, if any, paid to Bomower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destesac"iion, 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 Insstrummt 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, destrauc ion, or loss in value divided by (b) the fair market value of the Property immediately before the partial taxing, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, des;ruon, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruct on, or loss in value is less than the amount of the suers secured immediately before the pa_rtal taking, destruction, or loss in value, unless Borrower and :eide• otherwise agree in writing, the Miscellaneous Proms shall be applied to the sums secured by this Security Innst ument whether or not the sums are then due. If the Property is abandoned by Burrower, or if, after notice by Fader to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for doges, 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 silos sect wed by this Security ltestrum rt, 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 ?nstrument. 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 rating that, in Leaden 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 Lenders 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. 22200285010 D V5AWY WYOiviiNO 'Birgit) Formic Farago MaaiFreddio mot UNIFORM INSTRUMENT W el MERS Form 3081 1/01 WV* oitara Kluwer Finencai Son/tees Ir iske VMP�Pe 1 16 ga h4 5 00581 12. Borrower Not Released; Fmi bearance By Leader Not a Waiver, Extension of the time for payment or modification of amortintion of the sum secured by this purity Inst=alment granted by Leader to Borrower or any Successor in interest of :grower shall not o; :ate to release the liability of Borrower or any Successors in intermit of Bvarowex. 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 stares secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of B owe r. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender' s acceptance of payments from third persona, entities or Successors in Interest of Borrower or in amounts less than the moult glen 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 Assign; 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 rnstrmet only to mortgage, grant and convey the co-signed s interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Seca it Instrument; and (c) err that Lender and any other Borrower can ogee to extend, modify, forbear or make any accontmodations 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 Borrow& 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 tits -t ent. Borrower shall not be released from Borrower' s obligations and liability undo 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 benefit 20) and benefit the successors and assigns of Lenderr. 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 inepev ion and valuation fees. In regard to any other fees, the absence of express authority in this Security I. t ent to charge a spwific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender tray not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which setts maximum loan charges, and that law is finally interpreted so th?t 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 perniitted limit; and (b) any s=ins already collected from Bo rower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed undo- the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be lreatod as a partial prepayment without any prepayment ent charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by diiroet 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 mall or when actually delivered to Borrower's notice address if sent by other deans. 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 220026E016 WYOMING Single Family Fannie MeeirvWcle Mac UNIFORM INSTRUMENT i' WITH MERS VMP® Welters Kluwer Financial Services Miter' 1 S D VSAWY Form 3069 9109 VMP6A(WYi (06081 Pogo99of16 00582 tuneless 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 ad& then Borrower shall only report a change of aateas through that specified procedure. There may be only one designate' novice address under this Stvtaity izastrument 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 Instrum t 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 Smurity Instrument. 16, Governing Law; Severability; Bola of Conte honor. 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 Secwlty Instrument are s ubject 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 Instetunent or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instument 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 atlas 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 in'teres'ts transferred in a bond for deed contract for deed, installment sales contract or escrow ageement, the intent of which is the transfer of title by grower 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 innlerest in Borrower is sold or transferred) without Lender' s prior written consent, Lender may require immediate payment in fill 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 then 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay ads sums secured by this Security lns'rument. If Borrower fails to pay these sums prior to the expiration of this period Lender may invoke any remedies permitted by this Serenity 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 drastrument 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) ens of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all scums which then would be due under this Secu rity Instrument and the Note as if no accele ation had occurred; (b) cures any default of any other covenants or agrerreents; (c) pays all expenses incurred in enforcing this Security Irish-anent, including, but not limited 2200265012 D VOAWY WYOMING Single Fant"ay Fanalo ana di M UNIFORM INSTRUMENT MTh MER5 Force vac 1103 won e VMPSA(WY) f0806) Wooten lauwa Finrstrcaa SMvaeea tnttlata: Page 12 of 16 i1 5 u )583 to, reasonable attorneys' fees, property inspection raid valuatien fees, and other fees incurred for the purpose of protecting Lender's inte eat in the Property and rights under this Sectenity h istre. ent; and (d) takes such 9 l� 'tail t ir that Lender' the action as r�rS- 3o..b., regain co :,.SS'c..0 .g?a_ sn:uflC'.' s interest in s'3e Property and rights under this Security Irish-unmet, and Borrower's obligation to pay the sums seethed by this Security Insstrtnnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement Rums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified chi, 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) E=lectronic Funds Transfer. Upon reinstatement by Borrower, this Security ilastrininent and obligations secured hereby shall remain filly effective as if no acceleration had occurred. However, this right to reinstate shell not apply in the case of acceleration under Section ia. 2e. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Installment) can be sold one or more times without prior notice to Borrower. A sale might rcault in a change in the entity known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Insthement and performs other mortgage loan servicing obligations under the Note, this Security Immanent, 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 t°rvicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Service.., the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is sereiced by a Loon 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 uanie.as otherwise provided by the Note ruchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the memba of a class) that arises from the other party's actions pursuant to this Security Instn neat or that alleges that the other party has breached any provision of or any duty owed by reason of, this Security Instriundia, 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 ether party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which crust elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The nofice of acceleration and opportunity to cure given to borrower pursuant to Section 22 and the notice of acceleration given to Borrower par sunut to Section 18 shall be deemed to snatist 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 pr.it the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any 14azarcous Substances, on or in the Property. Borrower shall not do, 2200235018 WYOM N6 SAigle e.n5y Bing%. ts1.;_iF: xt;.i: Mos LERFCR :4 tNSThUMENT MTH HERS 1/MP� Woltata lauwer Pfr ndal Services Initials: 0 V ?AWN Form 36$1 1101 VMP8A(WVI (08081 Page 13 of 15 00584 nor allow anyone else to do, anything affecting the Property (a) that is in violation of any i nvirom Law, CO which creates an Rnvirorunentai Condition, or (c) which, due to the presence, use, or release ale Hazardous Substance, creates ates a condition that adversely affects the :value of the Property. The Prime eding twa sentences shall not apply to the pretence, 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 agenc 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, lealdng, discharge, release or threat of release of any Hazardous Substance, and (c) any condifioe caused by the presence, use or release of a Hazardous Substance which adversely ads 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 Pr pertyy is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing bcrein shall create any obligation on Lender for an Environmental Cleanup. NON- UNIFORM COVENANTS. Borrower and Lender farther covenant and agree as follows: 22. Acceleration; Reme Lender shall give notice to Borrower prior to acceleration fallowing Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 10 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (e) 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 en or before the date sp 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 Bor rower of the right to reinstate after acceleration and the right to bring a court action to assert the icon- ealsteice 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 SSecaty 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 invoices the power of sale, Lender shall dive nodee of intent to foreclose to Borrower and to the person in possession of the Property, if different, hi accordance with Applicable Law. Lender shall eve 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 veld in the manner prescribed by Applicable Law. Lender or cis designee may purchase the Property at any sale. The proceeds of the sale shall he 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 Iega9Iy entitled to it. 23. Release. Upon payment of all surds secured by this Security inso Lender shall release this Security Immanent. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instilment, but only if the fee is paid to a third party for services rendered and the charging of the fee is pe;Ynitted under Applicable Law. 24, Waivers. grower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. 2200205018 WYOMING Singio Family Fannie Moelrroddio Mao UNIFORM INSTRUMENT WiTii MERS VMP Wettare Motor Roundel Saran# inttlela• «1.5 D V6AWY Form 3051 1/01 VMP6AlWY1 {0808! Pogo 14 of 16 00585 BY SIGNING BELOW, Borrowa accepts arid agrees to the tarns and covmants contained in this Security Instrument and in any Rider executed by Borrower and !worded with it. Witnesses: (Seal) -SOITOwer 2200265010 W Stngto Fay gy Fonato Mse/Frodd!n Mac UNIFORM INSTRUMENT WITH IMPS VMP® Wolters Wm: Fles 0dat 8wro4. (Sear) Mickey L S Borrower (Seal) -Borrower (Seal) (Sea) Borrower Borrower (Seal) (Seal) Borrower Borrower inl1& t in D VBAWY Form 3661 1/01 VMPeA(WY► (08081 Page 15 of 16 00586 STATE OF Wrblfir'+I This instrument was acknowledged before me oa S.)r*: by Lonzo P Sutton and Mickey L Sutton My Commission Expires: 11- 14,-13 ANGELA L. ZIMMERMAN NOTARY PUBLIC STATE OF KANSAS My Appt. Exp. -4, No Title (and Rank) 2200285018 WYOMING Single Family Fannie MealFraddle Mao UNIFORM INSTRUMENT Wfea Pass ss VMP® Wahora Kfuwa Ftnandaf So Aam jn-Q.(:",, Cerny ss: VSAWY Form 3651 1101 init)afa• i� �n VMP8ANTT)'0608) PAgs 18 of 18 n 00587 Exhibit A Legal Description That part of the Northeast Quarter of the Northwest Quarter of Section 24, Township 32 North, Range 119 West of the 6th P.M., Lincoln County, Wyoming, being part of that tract of record in the Office of the Clerk of Lincoln County in Book 104PR on page 1 €0, it being the intent to redescribe that tract of records as conveyed to Dee Call and Diane Call of record in the said office in Book 212PR on page 559, to conform to the actual a t: the ground and the :ay of the Tee-Mont Subdivision r a Ssituation E: a:'Ti.. gground aa..�. to a p:e. tE. „i'rc E;v�l�c•::a of record in the said Office as Plat No. 202 and therefore described as follows: Beginning at a 218" x 12" steel spike on the North line of the said Northeast Quarter of the Northwest Quarter, South 89 °51' West, the base bearing for this survey, 563.74 feet from the Northeast corner of the said Northeast Quarter of the Northwest Quarter, found as described in the Certified Land Corner Recordation Certificate filed in the said Office; thence South O0 °03' West 30 feet to a point, the intersection of the South right of way line of the Kennington -Burton County Road No. 12 -136 and the West right of way line of the Tee Mont Drive; thence, continuing South 00 °03' West 300.18 feet along the said West right of way line to a point, identical to the Northeast corner of Lot 13 of said Subdivision; thence South 59 °51' West 150.00 feet along the North line of Lot 13 to a point; thence North 00 °03' East 300.1€ feet, parallel with the said West right of way line, to a point on the said South right of way line; thence continuing North 00 °03' East 30 feet to a PK nail on the North line of the said Northeast Quarter of the Northwest Quarter; thence North 89 °51' East 150.00 feet along the said North line to the place of beginning. 00588