Loading...
HomeMy WebLinkAbout869059(r---coikRELEASE OR This Mortgage sit 380K 3 .4 M13RT6AES PRa C tELEASE Mort .!F tiallRAtE WHEN RECORDED MAIL TO: First Security Bank, N.A. Afton Mortgage Production Office 485 Washington Afton, WY 83110 0050050426 DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated October 13 2000 together with all Riders to this document. (B) "Borrower" is JOHN CHRISTOPHER GAILEY, a single man Borrower is the mortgagor under this Security Instrument. (C) "Lender" is First Security Bank, N.A. Lender is a Corporation organized and existing under the laws of The Un i ted States of Amer Ica Lender's address is 485 Washington Afton WY 83110 Lender is the mortgagee under this Security Instrument. (D) "Note" means the promissory note signed by Borrower and dated October 13 2000 The Note states that Borrower owes Lender Eighty -One Thousand, Seven Hundred and No /100 Dollars (U.S. 81 T00.00 plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than November 1, 2030 (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. i 1.T. 3/00 i II Space Above This Line For Recording Data MORTGAGE i 869 059 ;y RECEIVED 00 OCT 1 6 {'iL ii jiE( ER, ''r`O ING BOOK 4' 4 PR PAGE 1 J Initials) (Initials) WYOM NO- Single Family Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3051 3/99 (page 1 of 15 pages) MWYOICV (G) "Riders" means all riders to this Security Instrument that are executed by Borrower. The following riders are to be executed by Borrower [check box as applicable]: n Adjustable Rate Rider Balloon Rider 1 -4 Family Rider [7 Condominium Rider Planned Unit Development Rider Biweekly Payment Rider Et (H) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non appealable judicial opinions. (1) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (.I) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" mean those items that are described in Section 3. (L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for (i) damage to, or destruction of, the Property, (ii) condemnation or other taking of all or any part of the Property, (iii) conveyance in lieu of condemnation or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property. (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (1) principal and interest under the Note, plus (2) any amounts under Section 3 of this Security Instrument. (0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security .Instrument, RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (P) "Successor in. Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (a) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (b) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale, the Loan Number: 0050050426 W YOMINO- Single Family-- Fennie Mee /Freddie Mac UNIFORM INSTRUMENT FSB 08/00 (Initials) (Initials) 131 Second Home Rider Other(s) TAX EXEMPT FINANCE RIDER Mortgage Insurance Rider Form 3061 3/99 (page 2 of 15 pages) M W YO2C V AOBOAMPi (seded 9L So E eyed) eeie ►soe wioi (SIe1Aul (slelUul ooie '1'1 IN3WntiLSNI WHOJINfI asW '!PP J&rew .luny- -Glwsd e1Buw9NIWOAM MOS00S00:aegwnN ueo� °Ia ;smll, spun otuol ;oaig (p) JO ,C )pus to `A;Tiiuuauml ;sat `AouaBe imam a Aq pa-msut on s;isodap asogm uopn ;pstu ue uodn umelp si loatio lions i(ur papptold `loatio s,IatgsEO JO loatio s,Ialnseal; 'ratio ap nq 'vow pant ;Iao (o) 'Iaplo Aauout (q) `gsEO (E) :IapuaZ Xq paloajas se `stulo; Fuimojio; atp ;o slow JO auo ut appal aq ;uautntlsui A;unoaS sup pue a ;obi alp Iapun anp slum/Cud ;uanbasgns HE JO i U ;eq; altnbal Amu IapuaZ `piEdun IapuaZ o; pauln;al sT ;uaunu sui iCi inoas sup JO a ;obi alp Japan ;uautXEd se lapuo i Aq pantaoal ;uatututsut Iatp° 10 3100g0 t(UE ;t `lanamoH °Aoualzno °s•n ut amt.. aq TIM ;uatunl ;suj ,C ;unoas sup puE aaori alp Iapun anp sauatuAEd not ;oas o; iuensznd sum! mama Io; spun; iced osie logs Iamollog •a;oM atp Iapun anp sa$IEgo am puE saS1Ego ;uatuArdald Aug puE mot,' atp /Cq paouaptna ;gap alp 'uo tsaia;ut puE ;o iedtouud alp anp uagm ,CEd HET Iamollog •saO.tnto a ;e7 put' 'saHaeg0 ;uaw,feda td 'swag moaasa ;sacra ;ul 'indiaui td 30 ;uatu,fed I :smoiio; se aa18E put' ;uEUanoo `IapuaZ put' Iamoll0 g •S,LNVNHA00 W IOdINf1 A ;Iadold par 211tln00 ;uauuu;sut i ;ilnoas tulo ;Tun E a;nli ;suoo o; not ;oipsTzn[ Aq suoi ;ETlen pa;itull Iptnk s ;uruanoo uuo ;tun -uou puE asn p not ;eu Io; s ;ueuanoo uuo ;tun sautqutoo 1N i' 1musts l x,i n nnas SIH,L Imo= ;o saouelgtunoua Aur o; ;oafgns 'spunuap puE suttuio IIE ;su!E2E i ;Iadold atp o; apt; alp /IIElauag pus ;ap Uim puE s ;uEIIEM Iamollog •plooal ;o saouelgtunoua lo; ldaoxa `palaqutnouaun st 1adold alp imp puE M ;Iadold alp iCanuoo puE ;ue18 'a r2uotu o; 1t !I atp seg puE paAanuoo ,(galag a ;E ;sa atp ;o pastas ICIInjMEI s! Iamollog ;etp S,LNVNaA00 112MO2RIOg A;.tadold„ alp sE ;uaumlasui Ail/clogs sup uT o; palls ;al Si 8uto8alo3 alp 3o ii• °Iuatunt ;sui A;unoas sup Aq palanoa aq osie Tiros suomppr puE s ;uatuaoridaz iiy °Auadold alp ;o ;IEd E zajEalaq Jo mou saltuxt3 puE `saouEUa ;Inddr `s;uautasea TIE puE `A;Iadold atp uo par= Ia ;;ealaq to MOU sauautanoldun atp IIE H,LIM 2IaH,LHOO,L eCT „ssalppy A ;Iadold pans] [dTZ] [Aat0] LZ LEO 8uiut0AM 3NAVH1 0VO8 NVWOUVH 9S£L '9NIW0AM 'A1Nf100 N100NI1 10 SOH0038 1VIOIAd0 3H1 NI 0308003H ONV 0311Vld SV 'HONVH A311VA HV1S NI (6V1.) 3NIN AIHOI 03a0NfH 3N0 101 (8L) 8L 1Vld [uot ;otpsunr 5utplooa21 ;o atuelsi] [uot ;otpsunr 2uiploogajo adAZ] N10ONI1 3° AIN9OO alp ut paint)! A ;Iadold paquosap 5uimoiio; atp `airs ;o Iamod spin `su5Tsse puE slossaoons s,Iapua-i puE Iapua-i o; Aanuoo puE Jura `aRa;zout Agalag Jo ssalppE alp seg Xpualino gotgm Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment(s) or partial payment(s) if the payment(s) or partial payments are insufficient to bring the Loan current. Lender may accept any payment(s) or partial payment(s) insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment(s) or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment(s) to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (1) interest due under the Note; (2) principal due under the Note; (3) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any Loan Number: 0050050426 WYOMING-Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I.T. 3/00 Initials) (Initials) 133 Form 3051 3/99 (page 4 of 15 pages) MWYO4CV A090AMW (se5ed gi je g abed) ee/e 190e wioA (eleelul 00 /E '1'I 1N311fU1SNI WHOIINf oeW e1PP•M /eeV yuuu- Ailwej eIBu!3.ONIWOAM MO900900:JegwnN ueoi Taal `ut uaq aIp 3o puauraozojua 3satm5m spuajap zo `sq mIE3 pooff 111 uau alp slsalu0o (q) :ivaluaaat ions 5unuzopad s! zamauog se 2uoi os ATIIO 3nq `zapuaj oa aiquidaooe zauueul t 111 uai alp Aq paznoas uor ijgo alp jo 3uamArd olio o3 $ut3uM u1 saarSm (m) :zaMOZZOH ssaiun 3uaumz ;sal Aaunoas sp p zan0 Aluotzd seq gotgM uatT ,Cue aazegostp ApdUxozd Imp zamozzog E UOTPS Ut papinozd zauueul agp lit magi ,Ced itegs zamozzog `suca3l Mozosa ATE Snrapt asagl aelp 1u03x0 alp 0j, Cum 3t `spuanissassy pie `soo `sang uOpeIOOSSy iiitunumIo3 pue 3t `Iipzadozd alp uo ma/ punoa JO s3uaUIStd ptolastaI `luatunz>,sul Alpnoos stir zanw iC3uoud ure33t ueo gotgM Al1adozd at'; o3 ajge3ngtzlle suornsodult pue `sang `sazego `sluamssass1 `saxt3 TIt 'cud itegs zamozzog •suan :sa2.mg3 zapua7 �Cq piai spund Cu /e Iamou0g o3 punJaz i(pdmozd Timis zapuaq luaulnz3sul Alunoas slip sq paznoas sums IT jo iin3 lit 3uaulAmd uodn •s3uaurAed iiJg3uoul aniaA3 uegp azoul ou Ut inq `ydSa 1 myit aOUepJOOOt lit Aouatogap alp dn oval of AIessaoau lunouce ail zapun o3 Atd TIMIS J AouOH pue `ydSa2I sq pazmbaz se zaMOZZOg Sp0U !Tip zapuo'I `ydSa1l zapun paupap se 'mono lit ptal spund 30 Aouatopap a st anti 3I •sluatuCed Appuoul aniaMl Imp azom 011 lit lnq `VdSall g3IM aouepzoOOe lit 021lzogS ail dn aalmal 03 ICJ1 SSODOU 3unOU1m ail zapua of /Cmd Ilegs z pue `ydSail ,Cq paztnbaz se zamozzog 'Jpou Hugs zapuoi `ydSa?I zapun pomp') se `MOZOSa lit pjaq spund 3o arum's a st azalp 3I •ydSaJ IpIM aoutpz000t ui spun3 ssooxo am z03 zam01z0g of 3Un0001 imp zapuaq `ydSml zapun paugap se 'mono Ut piag spund 3o snidzns t st aim') 3I •ydSa2I Cq paztnbaz se spund ail 3o BUpun000r tenuur Ue `al1elO 3nogl1M `JOMOZZOg 03 aATE Itegs zapua-I .spund alp uo pled aq urgs 3sazo3ut 3egp `zanamoq Tu13UM lit aazge ueo zapua-I pue zamozz0g .spund ail 110 sffuturta JO 3s0z03111 Cut zamozzog fed o3 paztnbaz aq lou ITT zapua-I `spund am uo pitd aq o3 lsazolul sazmbaz Mt'I ajgeotiddy zo 5Upum lit apeul st luauiaaar ut soma •o i qo r lions alum 01 zapua• s3tuuad Mm-j ajgeottddy pue splint' aril uo 3saza3Ut zamomog sued zapun i ssaiun `slaa3I Mo1OSa am FmAjpan z0 `3unoOOe mono alp 5Utz�Citice STitnuum `splint' ail &IrAiddt pue 5utpiol z0j zamo1JOg agzegO 1011 Timis zapun VdSa)l zapun paljtoads amp ail map zamml ou small MOIOSH all /Ted o3 spund alp Aidde ITT zapua-i •)tueg ueo1 aurog Tezapat' Iium 11! z0 (paznsat os ATE s1tsodap asoIM uoi3nli3sui lie Si zapuaq 3t `zapua-J 5utpnjOul) Alpo JO `IC3tlt3U Uln13SU! `Aouae imam m Rq porno! aze susodap asogm uo13n3psut lit Ut ptag aq TIt1Is splint' agy aigtouddy g3TM aOUmp1000t lit as!miagpo JO suca3I moz)Sg azn3n3 jo sazn3tpuadxa ;o sapecupsa aigquosmaz pue emmp Ammo 3o stseq ai3 uo anp spund 3o 3unouce ail a3EU Timis zapuaZ °ydSaa zapun aznabaz ueo zapuai t 3unOUtr, uznultxeur alp poaoxa o3 1011 (z) pun ydSal zapun pagtoads amp all 3m spung alp Aidde of zapua-I 3tuuad o3 luaTOIJ3ns (I) 3un0Ulm lie lit splint' pioq pue 1Oaiioo `amp ICue le `Aeur zapua-I E uopoos spp zapun paztnbaz uagl aze 3tg3 `swUI1OmR lions lit put `spund ire zapua-I Ol X1d Ergs zamozzog `uotproonaz lions uodn `put SI uopOaS i1!M ooaepz000e 111 uant5' aopou t ,Cq amp Cue 3e small mama IT JO Liue 01 se zanlem aIp a)i0Aa1 Mein zapun iunomr ions Aug zapua' o3 hdaz 01 6 uoI3oaS zapun paTffggo aq ualp Reps zaM011O11 pur lunoure ions Aed pup 6 uo13OaS zapun s31Wu sat aSTOZaxa AMU 1apU `UI03I Mozosg lit zo3 anp 3unouze am And Ol Sitt3 zaM0JJOg put `zantem t o3 3uensznd `Apoortp swan M01OSa hd o3 paltfftigo st zamozzog 3I •6 uopOaS lit pasn st „3uauraaat put 3utaanoo„ asmid alp se `luaulnzlsul IC31znOaS step 11! paute1uoO 3UaUlaaae pue pumuanoO t aq Ol pauraap aq sasodznd iir. zo3 Timis sidtaoaz aptno1d 03 put slualuArd ions alum 03 uopaggo S JOMO110H aztnbaz Arm zapuaj se pouad amp lions uu ptm 3uaUIXed lions &utOUaptna sldlaOaz zapuaq 01 gstuzn3 this `sazmbaz zapua-j 3t `put zapua-i sq panttM uaaq sell spung jo 3uaulXmd gomm zo3 small mama Cu /e zo; anp slunouce alp `aigmAtd azagM put uagM `Apoazip pied Tlmis zaMOUOg `zanTm ions 30 3uana aq3 III •5upUM lit aq /CTuo AMU zant1M ions 1 c T 6069.0'30 proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 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: (1) a one -time charge for flood zone determination, certification and tracking services or (2) a one -time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if Loan Number: 0050050426 WYOMING-Single Family Fannie Mae/FreddIa Mac UNIFORM INSTRUMENT I.T. 3/00 Initals) (Initials) CC7 135 Fonn 3051 3/99 (page 6 of 15 pages) MWYOBCV AOLOAMYI (se5ed 91 /o L eBed) 56/e "sot w,oa �JET 9 r (SlslmuI (slslllul owe •11 DIMINISH! WHOdINf o'W slppsy/e'yr •luuy- -NlweJ eiBuis-ONIWOAM 9Zti0900900 ueoi •asneo aigeuoseoi lions gutjtoads uopoadsut 1ouaaut uE bons 03 zoud JO ;o auitl alp an aopou zamoUog ant$ hugs zapua-j •Aazadozd alp uo sauauranozdutt aip ;o zouaaut alp aoadsut Aeuz zapurj `asneo algeuoseaz smg at 3I •Mzadozd alp jo suopoadsut puE uodn satzaua alquuoseaz mut drat auagn sat zo zapuari •uotaezoasaz JO ztedaz 1.100S JO uouaidutoo alp z0; uot3E5rigo s,zamo 10g JO panatiaz aou st zamozzog `Ji1z0d01d aria azoasaz JO nedaz oa auatog;ns aou azE spaaoozd uopruulapuoo JO 0ouvinsut atp 31 •paaajduioo st 3Izom app sE sauaulited ssazgozd jo sops a ut JO auaur/ted aiguts a ut uopezoasaz pue szredaz alp zo; spaaoozd aszngstp Attu zapua' •sasodznd tuns zo; spaaoozd paseaiaz seq zapuaj 31 /into /(azadozd alp guuo3s01 JO guutedaz zo; aigtsuodsaz aq Hugs zamoz1011 `Aazadozd atp ;0 3uple3 atp zo '03 agRUrep tptm uopoauuoo ut pled azE spaaoozd uopeumapuoo zo aounznsut 3I imp JO uopriopaaap zatpzn; ptonE oa pogrturp ;t i(a1adozd otp ztedaz Spdurozd Tiros 10m01z0g `aigtsea; AIIrotulouooa aou Si uopEZOasaz zo ztedaz aEtp S uotaoas oa auensznd paupuuaap st at ssalun •uoptpuoo sat 03 anp amen ut gutse01O0p JO Sup1ZOuaaap wog A31ad01d alp monad oa zapzo uI ,Cazadozd aga u11,111111.11 IingS zamozzog 4 A110do1d 0141 ut ffutptsaz sI 10mozzog aou JO zatpagM •A31adozd alp uo aasnm 1111111100 JO aanzotzaaap oa iC1.10d01d alp mouE `/Cazadozd aga ztndtul JO 02uump `Aozasap aou !legs 1amoz1og •suol3OadsuI :Aa.radoJd alp 3o uofaaaaoad pun 0auUUa3U 1JAI 'uot3Endasa.ud •L 1041100 5,J0M011011 puoAaq Olt gotgm astxa saoueastunorto gupunuaaxa ssalun JO `plagtptm /ClgEuoseazun aq aou lletis auasuoo tiotgm `gutaum ut saazae astmza1po zapua-I ssalun `/ioundn000 ;o amp alp zaa ;e 1EaA auo aseal ae zo; aouaptsaz ledioutzd s,zamozzog sE iiazadozd alp Adn000 oa anupuo0 IIEgs pun auatun1asui Aatznoas sup ;o uopnoaxa alp zau ;e sLCEp i(axts uuprm aouaptsaz ledtouud s,zamozzog se filmdom app asn pue `tistigEasa `Adn000 hugs zamoz1og •,tauudn33O •9 •anp uatp mu zo =pawn `auauznzasui /Caunoas sup zo aaom alp zapun ptedun saunotue /Cnd oa zo itazadozd alp azoasa1 zo ztedaz oa zatpra sp0000id aouiZnsut aip asn Arm zapua -i •4.1adoid alp ;o ag1Zanoo alp 03 algnogdde aze saggtz dons sr zE ;osur `Auadozd alp gutzanoo satotlod aou1Znsut lIE zapun (1amouog pled sump:mid pauznaun jo pun;az AuE alp u1tp zatpo) saggu s,1amozzog ;o zatpo (t) pue `auatun1asui /iaunoas sup zo 010N alp zapun predun saunotuE atp paaoxa oa aou annottte uE ut spaaoozd aoueznsut Am 03 511.I2tz s,zamozzog (I) zapuoi oa sugtssu /igazag zamozzog `asrmzatpo JO ZZ uota00S zapun Aazadozd app saztnboe zapua-j ;t JO `auana z01pta III •1104 SI 001101.1 0143 1101Im ut$aq !gm pouad Aip -p£ ags 'MI RO atp alaaas pun a3Epoffau Aunt 1apual Imp `tu1Eia a Nips oa paza; ;o sfti 10tzzn0 a0u1Znsut alp 3Etp zapua-I luau a0pou a o; s/t1p p£ utlptm puodsaz aou swop zamozzog ;i •51033eul paaelaz puE Iutelo aOUEInsul algel1Enn /Cue alms puE aaepogau 'Ng /Cm' zaptra3 `iCa1ado1d alp suopuegi zamozzog 3I •Z uopOas ur zo; paptnozd zapzo alp ut patldd1 oq hurls sp0000id OOUEInsut dons •10M0110g oa ptnd '/tu1 ;t `ssaoxa atp tptm `anp uatp aou .10 zatiaatim `auatutuasui /Caunoas snp Aq pa1noas sums alp oa pagddl oq Hugs sp0000id aounznsut atp `pauassaj oq mom /CaunOas s,1apua-I .10 aigtsea; iClinotulouooa aou st ztedaz JO uotaezoasaz alp jj •zamozzog ;o uop1atigo Nos alp oq Ilntls pun sp0000id aau1Znsut otp ;o ano ptnd oq aou Ilegs zamozzog i(q pau1E301 `sap1nd pittp zalpo JO `slolsnfpR otlgnd zo; sooj •spaaoozd 'Ions uo sgutuzea JO asazaaut /Cue zamozzog /Cud oa paztnbaz aq aou !legs zapuari `spaaoozd aou1Znsut lions uo pled oq oa asazaaut soimboi ME'i algEOtiddy JO gupum ut aputu st auauraaae uE ssalun •paaaidtuoo st IIzom alp se sauatu/11d ssoi ozd jo sagas a ut JO auaul,Cnd abuts n ut uo11e101501 pue szrndaz alp zo; sp0000id aszngstp Attu ropua-i •/ilidtuozd ua)Ietzapun aq IIEIIS uopoadsut lions imp paprnozd `uopo1;spes s,Iapu0Z oa polojdtuoo uooq seq 110m alp 0.1115110 01 Juado1d Lions loodsut oa Aatunazoddo ue peg seq zapun i !pun spaaoozd aouEZnsur lions plod oa 31.12p alp aneg Ilegs zapurj `pouad uop1ZOasaz puE ztedaz lions guun( •pauassal aou st Aaunoas s,zapua-I puE aigtseoj AItnotuzouooa sr ztedaz zo uop1.103501 alp 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (1) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (2) there is a legal proceeding that might significantly affect Lender's interest in the Property and /or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (3) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and /or assessing the value of the Property, and securing and /or repairing the Property. Lender's actions can include, but are not limited to, (1) paying any sums secured by a lien which has priority over this Security Instrument, (2) appearing in court, and (3) paying reasonable attorneys' fees to protect its interest in the Property and /or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non- refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Loan Number:0050050426 WYOMINOSingle Family-- Fannla Maa/Fraddia Mac UNIFORM INSTRUMENT I.T. 3/00 Initials) Inflals) •I Cl� 137 Form 3051 3/90 (page 8 of 15 pages) MWY08CV AO60AMP1 (sebed 9L So 6 abed) 66/e 19oe iuum (slew 00 /E '1'I 1N394fUUSNI WHOdINn *ow sIppu &ee •uuu- -(pwe eleug- VNIWOAM 9ZpOS00SOO: agwnN ueo-; unglo g aims o; pzgme ug alum 02 szau ;o (aoua ;uas ;xau atp ui paugap se) A ;zed &utsoddp alp lug) zamozzog o; zapua-I Aq aopou za ;g `;i JO `zamozzog Aq pauopuege si AUadozd alp 3I •anp tarp an scans 011I 30U z0 zarlaaTM ;uaumz ;sul iC ;unoas slag Aq pamoas sums alp o; pailddt aq pugs spaaoozd snoauullaosry,I alp `Sur;UM ui aarRe asrMZatf0 zapua-I pug zamozzog ssalun `atquA ur ssol JO `uoi;onz3sap lepzgd alp azo;aq iila;gipaunut pamoas stuns arp ;o ;unotue arp uegl ssal sr amen ut SSOI JO `uoponz ;sap &uplul leiugd alp azo;aq Ala ;eipaulaut A;zadozd alp ;o amen ;avutu zte; ail; Totgm ui A;zadozd atp ;o amen ui ssol zo `uoi ;otu ;sap lei ;zed E jo ;uana arp uI •zamozzog o; pied aq llggs aoueleq Auy •anlgn ui ssol JO `uoponz ;sap `duple; Iep1ed alp aro;aq ,ila;etpauuu l AUadozd arp 3o anlun ;avutu ztg; atp (q) Aq papinip amen ur ssol zo `uoi ;onz ;sap Igpzgd alp azo ;aq Ala ;gipauutui paznoas stuns alp ;o ;unouue !um atp (g) :uopourj .&uimollo; atp Aq paildi ;lnru spaaoozd snoauellaospni arp jo ;uncut alp Aq paonpaz ag pugs ;uaumz ;sul iC ;unoas SUfl Aq pamoas sums alp Tupum ui aar2u astmzatpo zapua-I pug 1amozzog ssalun `amen ui SSOI JO `uoponz ;sap IuiUed alp aro;aq Ala ;gipautul ;uatunr ;sul /C ;unoas slap Aq pamoas stuns atp ;o ;unotue atp ugrp za ;eaa zo 03 lenba si anlgn u! ssol JO `uopotuasap `$uplg; Itpzed at{; azo;aq ,Cla ;gtpatuurt Auadozd arp ;o awn ;ovlzeum Ire; alp tlotgM ui /CUadozd arp ;o awn ui SSOI 10 `UOTIOT z ;sap `Rupp; Igpzed t JO ;uana OT; III •zam0110H o; pigd 'Am ;i `ssaoxa atp tpiM `anp tall; ;ou zo zatpaTM `auaurnz ;sul M7unoas step Aq pamoas stuns alp o; patlddt aq Iletls spaaoozd sn0auellaosm atp ,C ;zadozd alp ;o awn ui ssOJ JO `uoponz ;sap lg 20; a JO ;uana MD III •Z not ;oas ui JO; papinozd zapzo alp ui pailddg aq pegs spaaoozd snoauglpOS!JAI Tots •zam01zog o; pigd `Aug ;i `ssaoxa alp tpIM 'arm tram ;ou zo zatpagm ;uaumz;sul M ;unoas pamoas sums alp 03 paildde aq pegs spaa0ozd snoauellaosm atp `pauassal aq mom A ;unoas sjapua-I JO algtsua; (Ilgoluuouooa ;ou si zigdaz JO uopez0 ;saz ate 3I •spaaoozd snoaugllaosiJA lions uo s5uiurga JO ;saza ;ui /CUE zMO11Og pied o; par nbaz aq ;ou pugs Japua7 `spaaoozd snoauvpaospAl Tons uo pied aq o; ;saza ;ur saimbaz mu-1 alquoilddy zo gutltzm ui veal 5! ;uatuaaz2e ug ssalun •pa ;aldtuoo sr 31zoM atp se s;uauu&ed ssaz3ozd jo sous a uT zo ;uatuas1ngsip al2uis g ui uoi ;g10 ;saz put szigdaz alp zo; hd Arm zapuai iipduuozd uavuapun aq iltTs uopoadsti Tons lute papinozd `uoi ;0g;si ;ts s 0; pa ;aldmoo uaaq sgq IzoM aria aznsua o; AUadozd Tons radar! 03 d ;tunuodd0 ug purl set 1apuaJ Ipun spaaoozd snoauglla0spAi Tons ploq o; ;T2u alp angq putts zapuaj `pouad not ;ezo ;saz pug iu daz Tons ffuuna •pauassal 20u sr A ;unoas s,zapua-I pug algisea; iCiitoltuouooa si ztgdaz JO uoprro3saz alp 3i `/CUad0Zd atp jo 1iedaz JO uoiluz0 ;saz 0; paildde aq pugs spaaoozd snoauglla0Sm Tons `pa5etugp Si Ajrad0Zd aII; 3I •zapuaj 01 mud aq hens put o; pau5isst i(gazaq aze spaa0ozd snoauellaospAl Ild •amllapod tspaaaoud snoaugpaasm Jo;uauzu2Issy •TI •a;oN atp uu papinozd a ;gz alp ;g Isaza;ui Agd o; uoi ;e5ilgo s,momozzog s;oa33t 0 not ;oas sign ui WuitpoN Mt I ajquoilddy Aq pazinbaz Si uopeuiuua; Ipun z0 uoi ;euituzal Tons zo; Ruipinozd zapuaJ put zaMOZZOg uaaM ;aq ;uautaaag ua ;um ,Cue tprm a0uupzo00g ui spua a0ugznsul a5t2 ;zow zo; ;uauuazinbaz s,zapuaJ alp mutt `anzasaz SSOI algeputTaz -uou g apin0zd 0; 10 ;0a ;a ut aouemsul a5effUoJAl ute ;uieuu o; pazmba1 stunitrazd atp iced hags zamofog `a0uemsul a2ut zo; sum alp pzemO; sauaruArd pa ;uu�isap Xla ;gzedas alum 0; pazinbor sum 1 M011og pug uuo-I alp 5uplutu ;o uoi ;ipuoo a st aougznsul a5e5uoyfl pazinbaz rapual ;I •a0uuznsui a5e5 ;z0yAI zo; suunnuazd alp pztmo; s ;uauu,iud pa ;tutisap Gila ;emdas sazmbaz zapua7 pug `paule ;go si `aiquprne samooaq mute zapuai Aq pa ;oalas zaznsui ug Aq papinozd (saztnbaz zapua-I ;gtp pouad atp zo; pug ;unoure atp ui) aWezano0 a0utznsul a2r2lroJAI ;t s ;uatu,Cud anzasaz SSOI azmbaz JORUOI 0u uuo zapua-I r-nc" I t 43 for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security Instrument but does not execute the Note (a "co- signer (a) is co- signing this Security Instrument only to mortgage, grant and convey the co- signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co- signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys fees, property Loan Number: 0050050426 WYOMIN(ifSingle Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I.T. 3/00 (Initials) (Initials) 1 3 3 orm 3051 3/99 (page 10 of 15 pages) MWYIOCV AOILAMW (se5ed gi Jo l6 abed) sere toe w,o 0 11 (smut) (sIINuI 00/e '1'I 1N3Wf11LLSNI ye:1°A f1 *ow •lppeia/aevy eIBulS-ONIWOAM 9ZvOS00500 JegwnN ue01 •Iuatunzlsu! Altznoas slip Jo pue aloN app jo Adoa auo uanta aq netts zamozzog •,CdoD s,aanaoaaog °LT •uopoe Aug alel oI uoi11 T go Cue )notptnk uopazostp alos sang „i(eui„ wont alp put `1 S1OA aOtn pue p inld a n apnTOu! pue ueatu pegs zeinguis alp ui spzont (z) `zapua2 aututuia3 app jo spzonn JO quoin zalnau 5uipuodsazzoo apnjout pue ueam Ilegs zapuaa autlnOSeui atp 3o SpzoM (I) :Iuaunulsu! Alunoas stgl ut pasn sy •uotstnozd BupOtpuoo alp Inogl!M IOa33a uant5 aq ueo gotgM aloN alp JO luautnzlsul Alunoas slip Jo suotstnozd zatpo foa33e Iou Begs Ioijjuoo Tons `Me-i algeoilddy Ipyn slogJuoo aloN app zo Iuamtulsu! Aaunoas Si( Jo asnejo zo uoistnozd Cue aegl lima aqI u! 10e4u00 Aq Iuatuaaae IsutgSe uopigigoId a se patuisuoo aq iou ins aoualts Tons Inq 'ivajts aq It JO foezluoo ,Cq aaae oI sapzed am moue Sptotldun zo AIIiotldxa Igguu Me-1 algeoliddy •inn aigeotlddy jo suopeftmq put sivautaztnbaz /Cue oI foafgns aze Iuamnzlsui Alunoas sup ut pauteluoo suope2ilgo pue Slg5u IIy •pafeooj si ,Cazadozd alp IotgM ut uopOtpsunf alp Jo me! alp pug Mel lezapaj Aq pauzano2 aq nulls auauinzlsui Aftznoas sm •uotlanalsuoD Jo saln?I :.fllttge.ianas '°ntnI 2uluaanoo •9I •Iuautntlsui Altznoas slip zapun Iuatuaztnbaz 2uipuodsazzoo alp IJSIIES IIIM Iuatuazmbaz Me-i alg1Opddy aqi `me-I algeotlddd zapun paztnbaz osje st luauuu sul Animas spp Aq paiinbaz aotfou Cue 3i °zapual Aq pantaoaz iilletuOe !pun zapua-j oI uant2 uaaq aneq of pauiaap aq lou pegs luomnzlsuj Slunoas stip glint uopoauuoo ui aopou iCuy •zaMOZZog of aopou Aq ssazppe =pour pareufftsap seq zapua-i ssaiun utazaq palms ssazppe s,zapua-j oI jceiu ssejo fszij Xq It 5 utiteui Aq zo ft 2uuantlap Aq uantff aq jjegs zapual of aopou Auy •auiil auo Aug Ie fuaunulsui AlunOas spp zapun ssazppe aopou paleugtsap auo Ajuo aq di1 tIr a T(J aznpaoozd pagtoads fetp Onaup ssampe 3o a5'ueto a Izoda1 Apo Ilegs zaMOZZOH uaip `ssazppe 3o aguego s,zaMozzog gutfzodaz zoj aznpaoozd e satdtoads zapuai 3i •ssazppe Jo affuegO S,zamozzog 3o zapua-i AJpou Xpdumzd jp qS zamozzog •zapua-i oI aotfou Aq ssazppe aopou alnlpsgns e pafeu2tsap set! zamozzog ssalun ssazppy Iilzadozd aqi aq pegs ssazppe aotfou agZ •asInuaipo saztnbaz JClssazdxa Me-i algeotlddy ssalun szaMozzog Ile of aotfou alnitlsuoo Ilegs zamofog auo ifue of aOpoN •sueatu zaTfo Aq fuas 3t ssazppe aotfou s,zamozzog of pazantlap AijenlOe uagm JO HMI Ssejo fszg Aq pajieai uagm Jo/no/Jog of uanp uaaq aneq of patuaap aq pulls Iuatunzrsuj ,CltznOas Snp TIIM uopOauuoO ut 1OMOJJOg of aopou lupUM 11! aq Ism fuatunzlsui AltzmOas sell gI uopoauuoo uI zapuaJ JO zaMOJJOg i(q uant$ saOpou fly •saalfoN •ST a3zegOZano gotiS JO lno Sutsue aneq 1g2pu Jamozzog uopOe Jo I45p Jiue Jo zantEM a afnipsuoo IluM zamozzog oI fuauiAed loaztp Aq apeut punjai Tons Cue jo a ouefdaoOe S,zMOZZOg •(afoN aqf zapun zoj paptnozd st a2Jetp fuatuAedaid a Iou JO zatpagm) a2zego IuatuAedazd Cue InotptM fuauardazd jellied se paleazl aq !Itm uopOnpaz app `ledtouud saOnpaz punpaz a 3i •zaMO.uog oI Iuatu1Ced IOaztp e &upirtu Aq JO aMON MD zapun pamo p dtouud ain 2utOnpaz iiq punjaz sttp alum 01 asomp Arm zapua-i •zamozzog of papunjaz aq !!!m sltuitl palltttuad papaaoxa TOtgM zaMO.uog man pa1OaIIoO Apeazle sums /Cue (q) pue :Ituttl pan am 01 a2zego a p aonpaz of XzessOOau funotue aqI Aq paonpaz aq Itegs a21e1p ueol Tons Cue (e) :uagl 'mum palltuuad alp paaoxa ueol alp mink uopoatmoO ut palOalloo aq oI JO pa1OalloO saango mot zatpo JO lsazafu! am Imp os pafazdzafut ,Cllrug s! Mel Ietp pue `saiirtp ueo! tuntutxeut sfas gotTM Mel e 01 Ioafgns st ueo-i alp 3I .me-! algeoijddy Aq zo luatunzlsui Slunoos Sim ,Cq paftgigozd icissazdxa aze fegf saaJ amp lou Arm zapua-i •aaj lions Jo gutBzegO agf uo uoiftgtgozd se panzlsuoO aq Iou !legs zamozzog oI aaj o111o0ds a a5zego oI Iuaumzlsui fSlunoas step ut Aluoglne ssazdxa jo aouasge alp `saaj zaglo Cue 01 p1e$a1 u! •saa3 uotienlen pue uopOadsut 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by federal 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: (i) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (ii) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (iii) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash, (b) money order, (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA Loan Number: 0050050426 WYOMING-Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I.T. 3/00 Initials) Initials) 141 Form 3051 3/99 (page 12 of 15 pages) MWYI2CV /MIAMI I (sated 91 {o g ated) ewe 1.40£ uuo 7VT �7r (sfe!Aul (sr ui 00 '1'I 1N311fM1SNI WUO ItNn •,PPsad/slW yuusy -d W el 93POS00SO0 :JegwnN U801 dnueaj3 imuauiuoatnug ue zo3 zapua-i uo uopegtjgo Cue atrazo pegs ulazag &uppoN •me-i pluauzuozinug Ippkt aouepz000e ut suopoe ieipauiai hussaaau jje all Apdtuozd pugs iamoziog `A1ess0o0u si iivadozd alp gupoa33e aoueisgns snop1ezeH /Cur 3o Uopeipatuaz 1agi0 zo !mutual /Cue imp `iC)zed aienud Cue JO `X)uotptw AJo)einaat zo ieauauiuzanoR Cue ,Cq pagraou si JO `stueaj zamoziog 3i •A)zado1d alp 3o amen alp sioajpe Apszanpe goigm aoue)sgns snopzezeH a 3o aseajaz zo asn `aouasazd aril Act pasneo uorirpuoo Aar (E) pue `aoue)sgns snop1ezpH /Cue 3o aseajaz 3o )eaz JO aseaiaa `aazegosip `sup paj lutjjids Niue `oi pailuiii iou inq 5uipniout `uopipuoj pquauruaunua Aug (z) `a2pajmou4 ienioe seq 1aM01JOH golgm jo mir TE1UMuuo1inug JO aoueisgns snopzezeH Cup pup Ai1ado1d alp $11TAJOA11T ,Curd a)enud JO iCoua$e A1o)e12150z JO je)UOUuu10A02 Cur, /Cq uotioe zarpo 10 )Tnsmej `puearap `tulejo `uopeffnsanui Cue (j) JO aopou ua)ipm zapuaZ aAT5 Apdurozd pegs z (slonpozd zatunsuoo ui saoueisgns snop1ezeq oi paituui iou inq gulpnjoui) /C)zadozd alp Jo aoueua1UI U1 of pup sasn jepuapisaz jpuuou of aisudo1ddp aq of paziu5ooaz Ajjpzauaa aze rip saoue)sgns snopipzpH jo sappuenb jjeazs jo Auadozd atp uo a5e1o)s zo `asn `aouasazd alit of iCjdde 1011 pegs saoua)uas om) 3ulpaoa1d aqy •/Cizado1d alp Jo amen alp sioaJJe iijas1anpe imp uopipuoo a saieazo `aoueisgns snopzezeH a 3o aseaiaz zo `asn `aouasazd alit o) anp `goigm JO uotitpuo3 je)uaUuuortnug Ue sa1ea13 goigm (Z) `mp1 ie)uauUuo1TAUg Cue JO uopejoiA UT si leg) (1) ii1z0do1d aqi gupoa3Jr &unpXue `op 03 asp auoifup moue zou 'op 3011 pugs 1am0110a •A)zadozd alp ur zo uo `saoue)sgns snop1ez1H /Cue aseajaz o) uaieazgi zo `saoue)sgns snop1ezeH iiU1 Jo aseaja1 JO `aBe1ols `jesodstp `asn `aouasazd a p iiuuad JO OS11133 1011 pegs zamozzog dnueajj je)uatuuortnug up zagWni astm1agio zo `0) ainqu)uoo `asneo ueo imp uoptpuoo sueatu „uopipuo3 ie)uatuuoltAUg„ ue (j,) pue mrj jeivautuortnug UT paupap se `uopoe jenotua1 JO `uopoe mama' `uopoe asuodsaz Sue sapnjout „dnueaj3 jp)uatuuozrnug„ tuopoalozd je)11autuoJ A11a JO ,C)aJes 'Tivoli 01 aiejaz 1etji pa)eooj si ,Ci1adozd alp azagm uopotpspnf alp Jo smei pup smej je1apaj sUeatu „ME je)Uammoi nug„ (Z) :sieua)eut anpoeoipe1 pue `apAgapieuuo; zo soisagse guluteluoo sjpuaieur 'maws ajpejon `saplotgzag pup saplopsad olio) `sionpozd umaio1iad 01X03 zo ajgeuzump 1aq)o `auasoza)j `augose2 :saoue)sgns 5ulmojjo3 alp pue me-i je)uautuoz!Aug iCq sa)sem zo `s)ueimjod `sa0ue)sgns snop1ezpq JO otxoi se pau!dap sa0up)sgns asotp aze „saoue)sgns snoplezRH„ (j) 1Z uopoas slip 113 pasn sy •saausisgns snopat;zIH iz '0Z U01100S sU i ;o suolslnozd uopoe an43001100 ale) o) A)lunizoddo pup aopou alp A3spes o) patuaap aq pugs RI uopoas o) )upns1nd z0M0110g 03 uanp' uopezajaoop Jo aopou alp pup ZZ uot)oas Oi )upnsznd I0A.011011 Oi U0A1g azno o) A)iun)1oddo pup uol)ezajaoop JO aopou aq j •gde1Re1ed spp 3o sasodznd 103 ajgeuosea1 aq o) patuaap aq jjim pouad aunt Imp `ua)je) aq upo 11opop ute1zao azo;aq asap )snuz gotgm pouad amp a sapinozd me-i ajgpoijddy 31 •uopoe aniioa11oo aopou lions Jo 5ui•t atp zaiue pouad aigeaoseaz a o)azaq X)1ed 1agi0 alp papiojje pup goeazq pa2ajje Bons Jo (S uoI)oas 3o sivatuazinbaz atji mim aouegdtuoo 11t uamg aopou bons giim) /Cued zagio alp pappou seq 1apuo' JO 1amo1log lions [pun `)uatunzlsui A111110 s slgi ;o UOSEOI pamo 'Crop !CUE JO `Jo uolsinozd Aue pagoeazq seq /C)zed zaq)o alp 'Imp saajie 311141 JO ivatunzisui ,iiilnoas slip of )Upnsznd suoliop s,Al1ed zag10 alp map saspg ietj1 (sseja g 3o zaqutaui atii JO iue2plj pmp1Alpui ue Jaffna se) U01)011 jeTOlpnf 'Cue 0i pauloC aq zo `utof `00uautuzoo Meru zapua' zou JOMOIJOg zamlaN •1asego1nd aioN alp Aq papinozd aslmzatpo ssajun zasugoznd a)oN aqi Aq patunssp 1011 aze pU11 (s)zaolnzOS ueo'i 1ossaoons e 01 pa11ajsue1) aq zo zaoIAZas ueo' alp g)lm UTeutaz Twit zamozzog 01 suop1Rijgo 5u!o!A1as 111101 agegi1ouz atji `aioN atji 3o zasegoznd agi 1111143 1amo zaotnzas U110-( a Aq paoinzas si ueo'i aqi zaijeazag) pup pjos Si aioM alp 31 &uioinzas 3o 0Jsaez) JO aopou e mim uoT)o0IIUOO aT saJinbaz 143 NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. Loan Number: 0050050426 WYOMING-Single Family Fannie Maa/Fraddia Mac UNIFORM INSTRUMENT I.T. 3/00 Initials) Initials) Form 3051 3/s9 (page 14 of 15 pages) MWYI4CV AMSLAMW (seBed 9110 91 eyed) ooze Gsoe UUO: A M 6177- {SIe13Nl) (SIBAluI eTTTApuou 'ewes 9144 pelnoexa Aeyy -ys /ey ley) ew of pe 00 /S TI 1N3WIIHLSNI WtlOdINn DOW gppuj/eeW eluu14-- /CIPEA eleu1S`DNIWOAM zoo •sz goxe ss ;uew6po(MOUnoy JO; 9u11 OM MOle9 eoedsi 9ZPOGOOS00:iegwnN ueo1 of ..a0 tt+N.°, -C' h r r,� et*- N^.►y5`. sa)t63 UOISSIWWO3 ANA :iv 8uipisai a114nd ,C1010 N INOAM 03N 30 10o Ilefld Aad1ON NVI M3N 'N VUNVAA sa.ndxa uoisstunuoo SIN Imou>loe Ainp own '4uewniisui enoge 9144 4 (s)JeuBis e144 A31IVO H3HdOISIHHO NHOP ew eao e q penedde Apeuosae `py `a'y 1ago400 }o step tig£ L eta u0 N10ONI1 IO AZAII1O3 ONIIAIOAM JO aZV,LS r______ A31IV0 H3HdO1SIHH0 NH 1- h 797 l, •1! tpm papzooaz pue .tamozzog Aq painoaxa (s)zapii Cue ui pue ivauituisui iCiiznoaS snp ut pauteiuoo siueuanoo pm suuai alp of saazge pup sidaoae zamozzog `MO'Igg ONINIOIS Ag •5ultuoICM Jo smei uoT dtuaxa peaisauioti at[i JO at lIIA pue zapun si14! iie saniem pue saseaiaz zamozzog •saaAp •VZ WHEN RECORDED MAIL TO: First Security Bank, N.A. Afton Mortgage Production Office 485 Washington Afton, WY 83110 ATTN: Charlotte Neel- Reinhart THIS PLANNED UNIT DEVELOPMENT RIDER is made 13th this day of October, 2 0 0 0 ,and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument of the same date, given by the undersigned (the "Borrower to secure Borrower's Note to First Security Bank, N.A. (the "Lender of the same date and covering the Property described in the Security Instrument and located at: 1356 HARDMAN ROAD, THAYNE, WY 83127 The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in SEE ATTACHED SCHEDULE A (the Declaration The Property is a part of a planned unit development known as STAR VALLEY RANCH LOAN NO: 0050050426 PLANNED UNIT DEVELOPMENT RIDER (the "PUD The Property also includes Borrower's interest in the homeowners association or equivalent entity owning or managing the common areas and facilities of the PUD (the Owners Association and the uses, benefits and proceeds of Borrower's interest. PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's N [Name of Planned Unit Development] i [Property Address] fi 11 D MULTISTATE PUD RIDER Single Family -Fann e Mae /Freddle Mac UNIFORM NSTRUMENT FORM 3150 3/99 I.T. 10/99 (page 1 of 3 pages) Initials) Iniials) 145 RMS1PUD OldLSWd (siBRluI (Wed 6 {o Z eyed) 66/01. '1'1 66/E OGLE WHOA IN3Wfid1SNI WbIOEINf1 oeW eIPPaJd/aeW aluuad-- Ailuaed el6ulS and 31V1SLL if W 9ZVOSOOSO0 :ON NVOI (Sl lui) zip 3o 3uavaz2nuetl -31as ;o uopdtunsse pun 3uauIaSnunuI p uoissajozd 3o uopeaiuua3 (m) tJapual 3o 3gauaq ssazdxa alp zo3 si uoisinozd alp 3i „sauaumooQ 3uan3psao3 Oj1 ;o uoisinozd o 3uatupuaUI Cu n (u) :uietwOp mamma z0 uopnatuapuoO iiq 5uizje3 3o ono alp uI JO A3jnnseo zag3o zo zit; Xq uopOnz3sap jnt3ueisgns 3o zoo alp ui Me1 Aq pazmbaz uoT u u.ua3 10 3uautmpuege zo3 3daoxa 'and alp 3o uopnU tUa3 10 3uatuu0pungn alp (t) :03 3uasUoO JO AUadozd alp apinipgns zo uoppzed zatpia `3uasuoO ua33um zoud mapuoi impit pun zapuai 03 aOpoU nun 3dbOxa `3011 11egs zamozzog •3uasuo3 aojad mapual •a II Uopoas ui papinozd se 3uaumz3sui A3iznoas alp ,iq pamoas stuns alp of zapua' 1 Aq paijdde aq pugs spaaoozd lions •zapuaI o3 pied aq jjegs pun pauSisse iigazatj axe `uopEuuIapuoo ;o nail uI aOUnXanuoO x01 z0 'and alp Jo saiatjion3 pun snazn uOUIU10o 0113 JO A3z0dozd 010 3o and Au JO An Jo 2Upie3 zag10 zo uopum uapuoO Niue Imm uopoaUUOO ut Jannozzog o3 ajgeiind `jrpuanbasuo0 zo 3Oazip `SaSnUIEp zo; tam JO pz1Me fun 3o spaaoozd ata •uotwutuapuo3 •Q •zapua7 03 aSnzanoO Jo 3Ua3xa pun `3unoUIn `UUO3 ui ajgn3daooe AOijod aOUeznsUt ATTIRE!! oijgnd n sute3umal uopeioossd mum() alp imp aznsui 03 ajgnuoseaz act An<uu Sn Su0pon lions ale3 jleus zamozzog •aaue tnsuI B3mgej'I ajlgnd •zamozzog 0) pied `Aun 3i `ssaoxa alp g3ii `anp uag3 3011 JO zag3agM `3uatutu3sui A1imoaS atp Aq paznOas stuns alp 01 spaa00zd alp A3dde jjegs zapua7 •zapua1 03 pied aq Uetjs pun pauSissn Agazaq azn zamozzog 03 ajquAnd spaaoozd bun 'Gad alp Jo sapmonJ pun main UOtutuoO o3 z0 `410d041 013 03 SSOT n SU Mojj01 ziedaz z0 11013ez03s0z Jo nail u! spaaoozd aoueznsui Auadosd Jo uopngp3stp n Jo 3uana Otp Ux Soilod ia}junjq zo za3seul atp Aq papinozd aSezanoO aOUnznsu! iC3zadozd pazmbaz ui asdej Aun 3o aopoU 3dtuozd zapuaq aniS Hugs zamoi10g •111101 0Ij1 ;o 'um alp Suunp aSungO vino zaAIEM SIT JO uompuoo a se sazjnbaz zapua'1 3ngM so uope3OOSSV mum() alp Aq papinozd si a2EIOA0O pazmbaz alp 3em wawa alp O3 pagspns patuaap si ii1zadozd atji uo 02EJOA00 aOUnmsUi Suadozd UT 1U ul 03 S U0fOaS zapun uopeSijgo s,zamozzog (ij) pun tiivadozd alp uo aOUnmsai Suadozd zo3 S3Uau11ieisui tuniuuazd ApEa,i atj3 ;o zapua7 03 3vialmind Xjg1u0UI alp x0J UopOas UI uoisinozd aI33 Sam zapUal (t) :uag3 `aOUemsu! sazmbaz zapual TR/A zo3 `spoof; pun salenbtpzea `01 pa1mnj Sou 3nq `SUipnTOU! 'smug 101330 Niue pun „`aSezano0 papua1xa„ IMO) OM ttnj33M papnJOUt sp eznq 'an.; Aq ssoj 3suie$e pun `spouad atj3 JOT `(sjanaj ajgponpap $uipnToui) s3unou1e aq3 vii a5ezan09 aounmsux sapinozd gown pun zapuag o3 AI03Oe;spes SI 1OigM iC3zadozd alp SUUnsui I Otjod „3a)juejq„ zo za3sutu„ n `zauURO aOUnmsti pa3daOOn iitezauaS n IjiTM `sure1umuT uopEpoSSV szaum0 aq3 se $101 0s •aaue msul ,f1aadoad •g •s3uaunno0Q 3nan3psUoJ atj3 03 3viensmd pasodm s3uauussassn pun sang ij11 `anp uaq& `And ,ipdtuozd jjegs zamozzog •u013ei00SSd szaUmo atj3 Jo SuopejnSaz 10 SajnU x01130 zo sMej -Aq ,Cue (iii) pun tuopnloossy SzammO aq3 sa3ealO tlomm 3uatunoop 3UateAmba iiue z0 3Ua1UIU1Sm 3Stu3 `UOpe1Odh0oul ;o saJOpze (ii) tuopez1JOaU (I) am axe „s3Uaumooci 3uan1t3sUOJ aIjy •s3UatmOOQ 3uan1psuoJ aldSSWH (se5ed E /o stied) 06/01 'El 66/E 0S1£ WHOA IN31NfluLLSNI WHOdINf oew a ppaid/aeyll eluued- -Nlwej opus—maw and 31tl1SLL1f1W 9ZVOSOOS00 :ON NVO1 A31IYJ H3HdOISIUH3 Njt 'zapRI and step ut pauiEluoo suotsinozd puE saual aip of soo.th puE sldaooE zamozzog `Akoiigg oMIDIS AEI 'luauz'SEd but ;sanbaz zamozzog oa zapuaZ wag aopou uodn `aigEAEd aq pEgs puE aiEZ atom alp aE iuoluoszngstp jo amp alp woij ;sazaaut Iraq ijEgs siunom asap) `luaui10Ed jo suuai zaipo oa =St zapuol puE zamozzog ssown •3uauin.iasul /Clunoas aip ,iq paznoas zamozzog jo iq p iEaopippE auiooaq imp a iideaEZed slip zapun zapuol paszngstp slunoum •uzaip SEd Arm zapua-i uaip `anp uaiim sauauissassE puE soup and i(Ed jou saop zamozzog 3i •saipauiag •,J 'zapuo i oa aiquidaoomin uopEiaossy mum() aip Sq pauiriumu afEZano aouemsut Satitq n otignd aip 2uuapuaz jo aoa33a aip anEq monk iiotgm uot1OE Cur (nt) JO `.uoilltoossy szaumo OCT 13 '00 10:13 FR FSB REAL ESTATE U UaUi SCHEDULE A TO AFTON P.01/01 148 CONDITIONS AND RESTRICTIONS IN DECLARATION, TO WHICH REFERENCE IS HEREBY MADE, FILED BY STAR VALLEY RANCH, RECORDED 4- 2.1979, BOOK I54PR, PAGE 649. AS AMENDED BY INSTRUMENT DATED 12 -17 -1991, RECORDED 12 -19 -1991, BOOK 305PR, PAGE 248. AS AMENDED BY INSTRUMENT DATED 3 -12 -1992, RECORDED 3 -13 -1992, BOOK 308PR, PAGE 2I. 1111111E.01 MORTGAGE INSURANCE RIDER This Mortgage Insurance Rider is made this l 3 t h day of Oc tober 2000 and is incorporated into and shall be deemed to amend and supplement the mortgage, deed of trust, or security deed (the "Security Instrument of the same date given by the undersigned "Borrower to secure Borrower's note (the "Note to First Security Bank, N.A. "Lender of the same date and covering the property described in the Security Instrument and located at: 1356 HARDMAN ROAD, THAYNE, WY 83127 (Property Address] The Security Instrument is amended by adding the following at the end of Section 10 (if the Security Instrument has a form date at the lower right corner of 3/99 or later) or Section 8 (if the Security Instrument has a form date at the lower right corner that is earlier than 3/99): Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums) As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (A) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (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. MULTISTATE MORTGAGE INSURANCE RIDER Single Family Fannie Mae Uniform Instrument Form 3160 8/00 (page 1 of 2) 0050050426 149 3160 zaM03I0g- (MS) zamozzog- (MS) zamozzog- (MS) zamozzoN A31IV'J H3Hd0kSIHH3 NH P OST 009t£ /z jo Z abed) 00/8 09 4E WJod ivawnJlsui wJo;lun eluue3 Allwed el6u1S 1130 111 33NVUflSNI 3DVOl!1OW 31ViSI1lf1W °luaumz3sui ilUnOaS a1p sivauiaiddns puu spuatuu lap may pue zapri aouemsuj a5unlow sup s;daoo8 zamomog 'Moiaq uuruis gig 0050050426 MPP 210 -B (Revised 12/95) I.T. 4/97 MORTGAGE ADDENDUM The following is an Addendum to the Mortgage. The addendum shall be incorporated into, and recorded with, the Mortgage. TAX EXEMPT FINANCING RIDER THIS TAX EXEMPT FINANCING RIDER is incorporated into and shall be deemed to amend the terms of the Mortgage to which it is attached. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: Lender, or such of its successors or assigns as may, by separate instrument, assume responsibility for assuring compliance by the Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: a) All or part of the Property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee: i) Who cannot reasonably be expected to occupy the property as a principal resident within a reasonable time after the sale or transfer, all as provided in Section 143 (c) and (i)(2) of the Internal Revenue Code; or ii) Who has had a present ownership interest in a principal residence during any part of the three -year period ending on the date of the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code; or iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or iv) Whose family income exceeds applicable income limits as provided in Section 143(f) and (i)(2) of the Internal Revenue Code. b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of the lender or its successors or assigns described at the beginning of this Tax Exempt Financing Rider, or c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Internal Revenue Code as amended, in effect on the date of execution of the Security Instrument and are deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax Exempt Financing Rider. J HN CHRISTOPHER GAI LEY 151 WCDA210B