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HomeMy WebLinkAbout869199siritnq 6/£ 1S0£ mao3 [loads] (s)101110 13 1 3 121 aapt?1 autoH puooas G aDVd lid j x0011 �7 J IIV4O)J i `t:1 -Ant 3)3 i N V 3 �_.1 A4 90 t WV CZ 100 00 F l U r'ti..l'Ji iOo N oOUNt QBA iO3 ploXM El Jo i a2ud 1,■:11M12LLSNI IAIRIO,1INf1 aeIN aippaag /a'11 apuueg ''hood al2utS O■ILIIOAM z0pt2l luamiitd /CT)laaMtg zapt21 fuauzdolanau iIUf pauutld .iapt21 umtututopuoD :[algtotldde st xoq vamp] 10MO110g Aq palnoaxa aq of azt szapta 5 ulmopo3 am" •zaMOZZOg iiq palnoaxa axe imp luautnusul XltznOas sip of szaplz [[g maul „saapm„ (0) *Isamu!! snld `luatutulsul itllznoas sup zapun anp sums He put `aloN alp .upon anp sa.n go am put sa.0 qo luauuttdazd iiut `isazalut surd `atom agl'Cq paouaptna lgop aql sutatu „ueo7„ (3) •Xpadozd agi ut slg�t21 JO laJsutid,,, &iptaq ag1 .capon mom pagtzosap s► itgf Xlzadozd agf sutaut Slaadoad„ (a) 'IOOZ `61 ,f1np utq; zaitl lou lln3 u[ lgap alp Cud of put sluauuttd otpot1ad .ctln2a1 ut igap sup ,Cud of pastu.cozd sum .caMOuog •lsa.calu► snld (00'000`9£I 's n) s-ctl[oQ OOI /00 Puy puesnogs, x!s ,tlalgJ, paapunH auO zapual saMO .IaMOazog ltgf saris aloN aILL 0002 `6I Jaqopo paltp put zaMonog Ai pals mot' Xzosstuzoad agl maul „aloN„ (a) •fuaum.zisul Iilcanoas slgl .capon aa2u2lzotu aql Si zapuai IlItS HV.Lfl `A,LIJ 1NV I JEANS 'OK L.LIfIS `isva OOZ Hif1OS 099 st ssazppt s,zapua 'Wan. Jo ales aql Jo sMtl agl .tapun 2utistxa put paztu1 .co uoutzodaoo u st zapual •a9v91,H0} 1 b st aapun„ (j) •luaulnusul iClunoas stgl zapun zo2u2l.touc alp st nmomOg ajpi pue puegsntq MJdff 'IN VI.LSIDIHD Pug xDffff .L.LOJS QUIVHDI I st aaAOaaoff„ (g) •fuautnoop sup of szapt21 l(t gl.M 10 41 05 o1 `000Z `61 a3go130 pomp sc gotgM luau hoop sup maw „luautnalsul SltanoaS (y) '91 uopoas ut papptozd oslt azt ivautnoop sup ut pasn spzoM Jo atsn aql 2utpzaaz salnz uttizaj 'I pug OZ 81 `I1 suotlOas ut paugap azt spzoM imp put Molaq paugap azt luaumoop sup Jo suotloas aldpinuz at pasn spzo IDVD LlO1A1 'ma 2mpaoani aol 31.117 gni anogV aaedS] 661698 10 P121 VA zapt2i uoolltg Jam mull a[quisnfpy SNOI.LINIdgQ :X11 paztdazd 102I1.NOD 'DOQ/'.LdaU ONIddIHS II1t8 HVV,LII `A1ID a)IV'I .L'IVS OPZ aims `isva OOZ HII IOS 099 a9V9I1101II a :01 unuax 900i7LOZO ObCaL1 5 0 0 (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. (I) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" 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. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does` not qualify as a "federally related mortgage loan" under RESPA. (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 the power of sale, the following described property located in the County of LINCOLN: [Type of Recording Jurisdiction] [Naive of Recording Jurisdiction] LOT 3 CEDAR CREEK RANCHES SUBDIVISION, ACCORDING TO THAT PLAT THEREOF AS RECORDED IN THE OFFICE OF THE COUNTY CLERK, LINCOLN COUNTY, WYOMING. Page 2 of 13 Initials: Form 3051 3/99 9 66 1S0£ ma0J pal[dde aq pugs slunoutu 2ululuwaa Cud •anp awnoaq 1! gotgM ul aapao aq1 ut luautICud otpolaad 11ona 01 patlddn aq Rugs sluawXed gong •E uolloaS zapun anp slunown apoN alp aapun anp Indtouud (z) `.aIoN aqi aapun anp long.!! (I) :Xiuotad jo aapao ?ulmollo3 all u! middy aq pugs aapua-I Xq pailddu pun paldaoou sluaw1Cud Iln `z uolloaS s►q1 u[ paquosap astmaaglo su idaoxg •spaaooid a0 sluaw,fed 3o uotlea!Iddy °Z •luawnzisul iCllznoas s[g1 i(q paanoas sluawaazffu pun sluuuanoo agi Swuzao,Izad JO luawnalsul ,C1►znoaS slgl pue aloN aql aapun anp sluauttud 2ut)Iuw wag aoMOaaog anagaa Iings aapuai lsulau aanpn3 0141 u! ao moU anug 1115!w aaMOazog gotgm wlnlo JO pup oN •aansoloaao3 o1 loud 'ilalulpaww! aloN aq1 aapun aouuluq Iudlouud 2ulpuuls1no 0141 0l pa![ddu aq !pm spunj gons `aallaua pallddu Iou 31 •aamoJJ0g 01 wow uanlaa ao spunj gons /Clddn lamp ins aapuai 'awll 3o pouad algeuoseaa e ulglim os op iou slop aaMOaaog 3l •luauno ueo7 0141 2uuq op (s)luawXud swim! aOMOaaog !pun spunj pallddeun gons Nog /Cm aapuaq •spunj palldduun uo Isaaalu! /Cud Iou paau aapuai uagl 'alep anp pa[npagos s1! jo se pal[dde s! IualuXed olpolzad goea Al •paldaoon aau sluaw Cud gons pulp ail 1e 9uaw,Ced gons Sldde 01 palu211go Iou s! aapuani 1nq `aanlnj atp u! sluaw,Cud Inland JO (s)luawked gons asnjaa of s1q ti 51! 02 aotpnrazd _to aapunaaag 24 !a Xuu jo aantum Inogltm `luazano uuorl aql 2uuq of ivalojjnsu! (s)IuawXud lelpznd ao (s)1uawXud /Cue Idaoou X w aapun •luauno uuo-I aql &uuq of lualogjnsu! 0ae sluaw,Cud Inlland ao (s)Iuaw,Ced al A (s)1uaw,Ced lu pled JO (s)IuawXed iCue utnlaz Xuw aapuarl S uolloaS ut suo!slnoad aotlou 0111 g1lM aouupa000u u! aapuaq iq paleaisap aq iCuw se uotluool aagio gons le .10 aloN aq1 ul paluu2Isap uo1luool ail 1n panlaoaa uagM Japuai iCq panlaoaa pawaap aau sluawiied •aaJSU JI spund otuoz1oa[g (p) ao Al p110 .10 `Xllluluawnalsu! `Xouau Ieaapa} e Cq paansu! aau splsodap asogM uolinitlsul uu uodn uMnzp st loago gons Xue papinoad `Noago malgsuo ao Noago maansnaal Vago lueq 'Ingo pagllaao (o) `aapao Xauow (q) 'goo (n) :aapua7 ,Cq paloa(as se `swao OULMO[[o ail 3o azow .10 0U0 u! apuw aq puawn/1sul /CIlanoaS spp puu a1oN 0111 aapun anp sluautXnd luanbasgns Ile 10 kuu iugi azlnbaz /Cull! zapua-I `pledun aapua-I 01 puma.' sl luawnalsul XItanoaS slip .10 a1oN ow aapun lualuXud su aapuarl /Cg panlaoaa Iuawnalsul aaglo a0 Noago &Iu 3t `aanaMOH 'Souaaano 'S'n ul apuw aq [lugs Iuawnalsul Citanoa5 slop pun aioN ag1 aapun anp sluaw/Cud •E uolloaS 01 luunsand swan Moaosg aoj spunj Cud oslu pugs aaMOaaog •010N agi aapun anp saalugo alul pue saaego luamXudaad Aug pug a1oN aq1 Xq paouaprna Nap alp to lsazalul puu '3o [udtouud alp anp uagM Cud Rugs aaMOaaog °sa0aeg0 awl pun 'sa int° luawdedaid `swan moaasg '1sa.talul 'Iedloutad JO luauand °I :smolloj se 00a2e pug luuuanoo zapuaq pun aaMOaaog 'SINHNgAOD Y�I2I03INn •Xlaadoad foal 21.1a0n0D luawnzlsu! ,i1janoas wao31un a alnitlsuoo of uolpolpsunf Xq suoipeunn pallw!I g1tM slunuanoo utaojtun -uou puu asn luuolluu 10J sluuuanoo wao saulgwoo LN 1NfDI LSNI A.LRInD1S SIH.L •paooaajo saounagwnoua /Con of loafgns `spunwap puu slum° I[u 1suluge iipaadoad alp 01 app alp JIluaaua puajap IItM pun sluuazuM aaMOazog •paooaa jo saouuagwnoua 10j ldaoxa 'paaagwnouaun st i doad alp leg1 put 1odoad agi X0n1100 pun luea2 'aReSlaow of 1pla ail suq pug pa/fanuoo Xg0a0g Kelso aqI Jo pastas XI[n3Me[ sl aaMOZaog imp SINVN IAOD ){3MO2RIOH „•Xuadoad„ agi su ivautnaisul X1lano0S slip u! 02 p0a10j0a sl Bulaaaoj 0141 JO IIV •Iuawnalsul X1lanoa5 sl111 .Cq paaanoo aq os[e Rugs suogrppu pin sluawaouldaa lid •Xpaadoad agi jo laud u aaijuaaaq .10 Mou saanlxg puu `saouuualanddu `spuawasua [Iu pun `,Slaadozd 0141 uo !Japan 1alJeaa014 JO Mou sIuawanozdw! (3po3 d!ZI LZI£8 [flails] £13 afad ONII'IOAM `[x 01 11 2IgH.LgDO1 :(„ssaappy ,Claadoa dNAVH1 anima )DdgOH SSS Jo ssaappn alp soil iilpuaaano gol11M :aagaznN GI pond USUa9.1.99 5 2 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 such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (1) sufficient to permit Lender to apply the Funds at the time specified under RESPA and (2) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. Page 4 of 13 {Q Form 305? 3/99 Initials: sleitnq 66/£ ISO£ waog 0 5 £l Jo S abed aagalaow se aapua'i OU nu pegs pun `amnia aalaout patpunls t apn'out Timis `satoliod gons anoaddustp o; 2g2!.t sdapua- o; loafgns aq'Iugs satogod gons jo sltmauaa pun aapuaj paambaa satonod aoutansul IIV •luaw,Ctd 2upsanbaa aamoaaog of aapua-1 wag aollou uodn `lsaaalw gons gum `aiqu,Ctd aq pugs pun luautasangsip jo amp aq; wag °lea NON aq.) It lsaaalui nag eqs s ;unouzn asoq j ;uownalsul Xluno°s sup iCq paanoas aamoaaog jo ;cap inuopippu awooaq Mugs S uopoas sup aapun aapua -1 pasangsip slunoutn Au)" paupt,qo aneq ppnoo aamoaaog ;mLi1 aoutansul jo ;soo alp paaoxa ,Cpueoglals ;gOnu paule qo os aga0no0 aoutansul alp jo ;soo ag11mg1 sapa'mou)'0g aamoaaog •loajJa ul Xisnolnaad sum utgl O5u1 A00 aassa' a0 aa.)taa2 apt■oad igaiui put X;iiiquti .to pauzem `)Isu Cut ;swat `Xlaadoad al; jo slugluoo aql ao `Xlaadoad al; tit k ;inba s `aamoaaog ;oa ;oad lou 1112iut .10 1g0!ut lnq `aapul aanoo I'ugs ataanoo gons `aaoJaaagZ •anaanoo Jo lunowt a0 adXl aninoiland Aug asngoand o; uotlallgo ou aapun sl aapuarl •asuadxa mamoaaog put uopdo s,aapua-i le `ataano0 aoutansul ult.)go At aapual `anoqu paquosap sanaanoo all jo /Cut umunutu of sptj aamoaaog 3i •aamoaaog Aq uopoafgo un utoa3 Supins °a notIuwwaa ;ap auoz poop. ,Cut Jo maw.' all g.)[M uotloauuoo u► i(oua` y ;uautatutiAi Aouaaaauzg 'eaapa3 alp Cq pasodun saaj /Cut jo luau /Cud all aoJ algtsuodsaa aq oslt iitgs aamoaaog •uopuogi 100 10 uol ;tulwaalap tons 'Dawn 11(5 ICigeuostaa got4m ano0o sa &utgo a1IIwls ao aulddewaa awp iota salaugo luanbasgns put SOOIAIOS uopg0gllaa0 put uoptulwaalap auoz poop 10j 351g110 gull' -auo n (Z) 10 saolnaas 2w)IOtal put not;t0gpaao `uopnulwaalap auoz poor .10j aango aunt -auo n (I) :mina `uno1 sup glim uopoauuoo UI `Xnd of aamoaaog aatnbaa 'cm aapual Xigtuosnaaun pasl0aaxa oq lou'Itls Nap gaigm `a0logo s, aamoaaog anoadduslp 01 1429 s,aapuaq o.) loafgns aamoaaog Cq uasogo aq hugs aoutansul ow 2ulpinoad aataato aoutansul aqs •utol all jo awl all auugo uto saoualuas 2ulpaoaad at{i o1 luunsand saalnbaa aapua' ;tUM •saalnbaa aapual 1egi spolaad aql aoJ put (slang' aigllonpap ulpn'oul) slunotuu aq1 ul paule.)ulew aq Bugs aoutansul slq j •a0ugansw saambaa Japual LiOIgm aoj `spoon pug savnbquta `ol pa;ltup ;ou ;nq `2ulpnioul spatztq aag;o Cut put „`ationoo papualxa„ wa°l alp ulg.)Im papnlout spurn{ `gag Xq sso' ;swat paansw Xt_tadoad 0Lil uo moan aaljtaaag .to Wupslxa mou sluatuanoadun aq; damp' hugs aamoaaog °aoutansul ,Claadoad °S •uto'l SIT gum uotloauuoo ul aapuarl ,Cq pasn aOlnaas 5ullaodaa ao /put uoptoguan xt1 altlsa it 0.1 t aoJ amp °will -auo t ,Cnd o1 aamoaaog aunboi Sulu aapua-1 I, uopoas sup ul anogt glaoj ms suotlou 04130 NOW 10 auo 0)Itl 10 U011 ag1 XJsllus gals aamoaaog `uanl2 sl a0pou lap gotgm uo a;ep au Jo Si Cep 01 ulgl'M •ual al.) &ul/CJlluapl a0l.)ou a aamoaaog anl2 ,Ctuz a0 )U0' luawnIIsul /Cltanoas stgl aano utnpt uto golgm uall u of loafgns sl ,Claadoad all Jo land ,Cut Imp sautwaalap aapua-Inl •luawnalsui 'Cnano°s sup 01 uatl all 5unuulpaogns aapua-I of ktoloejstlns luawaaaat ut up!' milk) aapIol all wag saanOas (o) ao `.papntouoo gag aulpaaooad gons Ipun /quo lnq &ulpuad Dag aulpaaooad asogl a'Igm ua4 aq1 j0 luawaoIOJUa aq1 luanaad o; altaado uo'uldo mapua-1 ul golgm s5Inpaa0oad tap( `ul uall ag1jo luawaoaoJua lsulat spuajap .to `Cg glleJ poa ul uali 0Lil s1saln00 (q) `.luawaaBg Lions 5ulwaoJaad Si aamoaaog sg 2uot os /quo lnq `aapuari of alquldaoot IODUI U t w uap 043 Xq paanoas uogi qqo aql jo luaw/cud all uplam ul saaa2u (t) :aamoaaog ssatun luawnalsul 1CllafOas slat aano ,Cltaolad sett galgm ual ,Cut aRangostp 1Cpdwoad'Itgs aamoaaog •E uolloas ut p0pinoad aauutw aq.) ul wag1 /cud pugs aamoaaog `swam mama gat swat' asap lap luaixa aql od, •iCut 3l `sluamssassy put `saad `sang uoputoossy Cllunwwoj pug `,Cut 3l `Xlaadoad all uo sluaa punoa2 .10 sluaw1Ctd ma'am' `luawnalsuI /C1lan0as slgl aano Xlpoud ulgl;e ut0 l0lgm ,Cytadoad ag1 01 alquinglau;t suoplsodwl put `sang `sa2an40 `sluatussasse `saxel at /Cud !lap aamoaaog °suan :saa.ttq) °7 •aapua'i Cq p'04 spund Aug aamoaaog 01 puma.' Xpdwoad pigs aapuarl luawnalsul ,Cllan0as sup Xq pampas stuns (Et jo iln3 ut luatuXud uodji •s.)U0w,Ctd ii'Liluout °Atom until aaow ou ul lnq `ddsd21. gum 001.1tpa000u ul Xoualogap all dn altw 01 iiagssa3au lunowu a aapua'l 01 ,Cud pals aamoaaog put `yam' iq paambaa st aamoaaog 431ou 'legs aapuarl ``dds321 aapun paugap su `moaosg ut p'aq spund Jo /COUatOgap g Si amp Ji •sluawXCnd /CILi;uow anlaml mil mow ou UI lnq `VdSaJl 411m a0utpaoo0e ut afnlaogs all dn altw o1,Catssa0au lunowe all aapua-1 o; 1Ced imp aamoaaog pug `ddsg21 q paambaa st aamoaaog X3l;ou pegs aapua-1 `VdS flI aapun paugap se `moaosg ul plan spund Jo agelaogs e Si 0 1041 JI 'VdS2.2I 1 11!m a0ugpao00g ut spunj ssa0xa all aoj aamoaaog of 1unoo0e lirgs aapua-1 `ddsg)l aapun paugap se 'moIOS° Ut piaq spund Jo snidans t Si any 3I C,61 GINO and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss payee. In the event of loss, .Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower 'shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30 -day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (1) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (2) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. Page 6 of 13 Initials: 5 0 4 Form 3051 3/99 n £lJoL a 2 1M •01oN 01411'! pap!noid Opel au ;1e psoloput And o; uolpegllgo s,zamo.1.1og wont 0! uopoas slgl u! SulnpoN mini algeogqddd ,tq pallnboi s! uoipeulwlol 1l1un .co uolitutwlal yons 103 .iapua-1 put 1amo11og uoom ;aq ;uauiaa.i a uol ;l.zm ,CUM gplm aouepioaoe ut spua aouuunsui a uSiloj .ioj luowannboi s,1opuo -j ilpun `anlasal ssoi oigepunJo1 -uou t apinold o; 10 `1oajpa 1'l aoutinsuj a2t21loj, uleitnew o; pallnbal swnlwald ayp iced buys 1amo11og `oouelnsui o2e21101A1 103 swnlwald ayi plemoi sivatu,Ced palmu5lsap ,tlapeludas oxew 01 pa.nnbai sum 10m0110g put ueo-i upiew jo uol ;lpuoo u se aoueunsui 2ffaplolA4 palmboi lapua-i 31 •aoutlnsui agtSilow 1oj swnlwald aqi plemol sluaw,Ced poleuS!sap ,Claieltdas saltnboi Jopua1 pue `paulelgo sl `algellene sowooaq ult$u lapua-i Xq pa10alas .za.msul u1' ,iq papinoid (saltnbal lapua-i ;eq1 popod aq1 1o) pue lunowe aq; ul) 0S 0outlnsui 0501101AI3! spuow,Ced anlasal ssoi allnboa Jauoi o1' ueo .capuol •onlasol ssol cpns 1'o s&lulta 10 lsalolul ,Cue 1amo11og iced o; pailnbai oq you !lugs lapuari put lug u! pled ,clalewlpin sl uto-i alp imp Toe3 ay; 2utputlsyp4m1ou `aigtpunja.t -uou oq !lugs onlasal sso! yons •oot elnsui affeSpoyy jo nail wt anlasal ssol aiqupunjal -uou a st spu0w,ctd msaw ulmioi pum asn `pdaoot !um .1apua' •loam° ul oq of postao aOt1an00 aoutlnsu! ayp uaym onp 3.10M ltgp spuaut,Ced poluu2!sap ,Clapmledas ow 3o punowe ayp 1apu0-i of iced 02 anulpuoo !lugs 1omo11og `algtllene you s! 05e.tanoo aoueJnsul a501l0A1 lualenmba A!ltilutisgns ji 1apUa i Cq pa ;galas 1alnsu! 05e$11ow altulapie 1't wag `10amma u[ ,Clsnolnald 0outlnsui aSe$iioyl ow Jo aamo.ttog 011603 ay; o; 1uaienlnba Allelpuepsgns lsoo tie `10ojj3 1'l Xisno►na.!d aouelnsuj a n51.10yN ow o; ;ualtnlnba ,igelluuisgns ae1ano0 uteigo 02 palinbal swnlwaid ay1 ,Cud !lens 1amo11og `a0ue1nsUi 0Se211oyy .toj swniwald ay; pttmop sluaw,Ced papealsap ,clolnindas axew op pallnbal sem aamo.Uog put aouelnsul tons papinold ,CisnolAold 1uy1 1alnsut 020ilow ow wag aigelitnt aq o1 sostao iopua' ,Cq pa.unbai 05g.I0A03 aouelnsui 22t51101A1 ow `1'051'0.! Aug 103 3i •pooljo 1'i ooutlnsu 02e22.104A1 ay1 ulelutmw op pa.lttbai swnlwoid ayp iced Heys 13m011og `uto7 0y2 2upew Jo uoiplpuoo a se a0uelnsui age011o4A1 paa.inbaa Jopun jl •aaueansui a2e23aoy\1 •pi •2ulpum u! 1021aw ow 02 saalge 1apu07 ssalun 051aw you flays apl100j aw put pionosuoi ow `,clladold ay; 02 0!11100j s01tnbom 10m0110g 3i •asuo! ayp jo suolslnold aqi Hu gplm ,Cidwoo !lugs 1amo11og `ployase0! a 1'o s! puawn.tpsui ,Clunoas stye 3i •puaw,Ced 5ulpsanbol 13mo.uo0 02 .!apua-i wag oopou uodn `1501021'! qons gtlm `o[qu,Cmd oq !legs pue;uawasingslp Jo aitp ow wag 01e1 010N 0142 le 1501021'! nog Huns muffin asa4J •puawnllsui ,Clunoas slnl ,iq palnoas 10m011011 Jo lgop leuoll►ppt awooaq !lens 6 uoj10as stye lapun lapua-i ,Cq pasingsip spunowe ,cud •6 1'0!!005 sly! lapun pazllonint suolp0e lit .10 ,Cue 2ulxe2 1ou 10j i(lillqull o1' slnou! 10pua-11t41 paaw& s! 11 •0s op 02 uol11 t1go 10 ,Crop ,cue lapun lou s! pue os op 01 mug 1ou s0op Jopua' `6 1'0!!005 stg2 lapun uolp01' axe! ,cm lapuo' 142noy2ly •jJ0 10 1'o paulnp sawmill. anuy put `suolplpuo0 snola21'ep 10 suolpeloln apo0 10410 10 2 ulpllnq opeulwlio `sadld wag 102em well) `smopulm pue sloop do pleoq .10 ozuldoz `sxoo! 051'1'40 `suedol axew 02 ,Cpladold ow 21'!1021'0 `01 pa1!w!1 2ou s! 1ng `sopnioul ,c11odold ow 2utln0as •5utp0000ld /Coldn.niueq u u! uolptsod palnoas 52! ulpnl0u! `pu0tunlpsui ,t1unoas slyp lapun 5112!1 10 /put ,cliodoad ow 1'l 1501011'! sll loalold 01 5003 ,s,taulofe oiquuoseal 5ul,Ctd (c) pug `11no0 ul Wuueadde (z) `luaunulsui ,tllln0as slyp Imo ,ippolld sty tplgm 1'a!! m ,Cq paln0as stuns Aug 2w,ttd (1) `01 p04w11 101' alt mg `apnpu! ut0 suo!l0t s,lapuol •,cpladold 0141 2uuled0l 10 /put Sullnaas put `Xuadold ow Jo own ow 5u!ssasse Jo/pug 5uf0alold Ou!pnioul `IUOwnlpsui ,cilln0os sly! lapun si4Sll put ,C21ado1d ay; 1'l 1501011'! s,lapua1 loalold o1 a1eudoldde 10 oig1'uoseoi Si lanaiugm 10j ,cad pile op ,taw lapua-i 1'042 `,i21ado1d ow pauopuequ stn 1am0.uog (E) 10 `(suoliein2o1 10 smel 001ow.uo 0110 21'awn11sui ,tlpn0as slap lano ,C2j1ot1d ultlle Amu goyim 1'a!! t: 30 luawa01oJua 10j `a1nlla310j 10 uontuwapuoo. loj `op gold `,copdnlxueq u! utp0000ld t se lions) luawnllsui ,cilln0as sly! lapun spg2p Jo/pun Alladold ow u! 2s0laiw s,lapuol ppa33t /f11ut0glats 1y2lw Imp 2ulpaaoold he01 m sl 01011 (z) `puawn125ui ,Cpun0as sly u! pauteluoo siu0waalge pue siueuano0 oy2 uuojlad 02 s1!tJ 1amo110g (1) 3i °;uawnl;sui ,C;lJn0as sly; lapufi s;y2!g pug ,f;ladold ay; 1'l ;saaa;ui mapuaq Jo uol;aa;oad '6 •00uaplso1 led!auud s,lamollog s1' X110(1o41 0142 Jo ,touedn000 s,1amollog u!21100uo0 suoftpuasaldal `01 pawn!! 101' alt lnq `apnl0u! suolpuivasaldol lellaltyAl ue0.1 an; q1!m uol10auUo0 1'! (uouuwloJu! !tllalew y1!m lapuo1 apinold 01 paste 1o) lapua1 op s1uawaleps 10 uolltuuoJu! a1u1n00tw 10 `2utpuolsnu 11u!101ew ane2 1uasuo0 .10 05palmoux s,10M0110g q1!m 10 1amo11og 3o uo110a11p ow le &!10e soitiva 10 suoslad ,Cum 10 1amoUog `ssaooid uog1Ml1ddt uto-i ow 2upnp J! 21neJap u! oq flays 1amo11og •uol ;matlddd uuori s,lamollog 'g k 9 1 4 3 3 Page 8 of 13 5C6 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 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 Form 3051 3/99 initials:, I ISO£ uuod ;uauzni sui Amman sup. aapun ;uauza.unbaa Suipuodsa11o0 ay; Ajsuus pim luawallnbal Ml l alguoitddy aq; 'Awl alga ollddy .iopun paimba.l oslg s! luau.ma ;sui Al!moos sit; ,Cq paalnbai aoi;ou ,Cut ji •.1apu01 Aq panlaoal Xllpnloo !pun .lapua-1 o; uant2 uaaq anuq o; pauzaap aq ;ou !lugs luawn.! sul Xlunoas sup wpm uol;oauuoo ul aoi;ou ,Cud •.IaMO.tiog o; ao!ou ,Cq ssa.ippi .lag ;out pa ;oalsap tug .lapuari ssalun Luang palms ssa.ippt s,aapuarl 01 !put ssulo ;sag Cq li guiliuw ,tq .10 1! 2uilanilap ,Cq tams aq !lugs aapua-1 o; aoi;ou ,CUd •at alto ,Cult ;t ;uamna ;sui 4.maas sup opun ssaippu 0ol ;ou pa ;uuBisap auo /iiuo aq Attu alma •aanpaooad pagioads ;u14; gOnolgl ssaappu jo autgo u podal ,Ciuo !lugs aoMO11og uoq; `ssaappu jo atop S,1aMO11og 5ui;.lod0a .1oj a .1npaoold u salj oads aapuari jt •ssalppt jo o ugpp s,1aMO110g jo aapual ki!iou Al ;dwoad (lugs .1amoalog •lapual o; 0oilou 4 ssaappu aot;ou aln ;t ;sons u pa ;uuaisap suit 1amol .1og ssalun ssaippy Auadold 014; aq pugs ssalppt aZi ;ou 0141 •0s1M10q ;o saalnbaa Xlssaidxa mot alquoilddy ssalun S10MOaaog llt 01 a0i ;ou a ;n ;uSUO0 Ilo14S aaMOaaog auo Aug 0; a0ilom •suuaw .1014 ;0 i(q lugs j! ssaappu a0►;ou S,1aMO11og o; patani!ap Xllun ;0u uawM 10 !tutu SS1IO ;sag Aq mum ua14M aamo .1.1og 0; uan12 uaaq anuq o; pawaap ag !pugs;uauzngsui iC ;unoas sup g ;1M uoi;OauuoO U! 1aMOUog 01 a0t ;ou,Cu •dui2!1M u[ aq ;snw ;uamnl;sui /C ;unoas sup t ;lM uoi;0auuoO Ul 1apu0l .10 aaMOUog i(q uani2 saol;ou JIy •saagoN °SI •051ot0lano gOfS JO ;no 5UISIM 0no4 ;t im 10M011013 uo9O1 jo lgpi1,Cut jo .1aniuM u a ;nli ;suoo lliM aaM011og 01 ;uaui,Ctd pallp iCq apgw punjai tons Aug jo aoutld000g 5,1aMo11og •(0 1oN alp aapun 1oj papinold st aim ;uawkodo1d t ;ou 10 .10410gm) amp ;uaui/Cudaad Aug ;not ;tm ;uow/itdaid mind u so papal; ag lllm uoi ;onpai aq; `l1diouud saonp0.1 punjaa tjt •aaMoaaog 01 luawAgd ;oaalp o 2UDjgm iiq.10 a ;oN 0t; lapun paMO ludiouud 014; 2ulonpa.1 Aq punjal sit; alum o; asoo14O lapual °1aMO110g 01 papunjaa aq !llm slum!! pa ;iwlad papaaoxa 40f14M 10M011og woaj pa ;oalloo ipga1lg stuns iuu (q) pug Vim pal ;luuad 014; 01 aaatgo at; aonpal o; ,Cagssaaau ;unowu 014; 4 pampa.' aq hugs a2aug0 ugoi tons iCuu (g) :uotl `S ;iwil palllmlad at; paaoxa utoi 014; 14 ;iM uoi ;0auuoO ul pa ;0allo0 aq 0; 10 pa ;oall0o Santo um impel 10 Isala ;ul 014; pip os pa ;aadaa ;ui /llgug sl mu! ;u14; pug 'Santo flew wnmlxgw s ;as golgM mgt o o; ;oaCgns sl tool at; ji Mol alquollddy 4 .10 manual' ;unoas sup; ,Cq paligigo .1d Aissaldxa am rip saaj 02113140 ;ou ,Cum 1apugl °aaj tons jo &OOOnto 014; uo uoi;igigold g st pant ;suoo aq 1011 hugs aaM0.U0 o; aaj Ogioods o aim 0 ;uawnl ;sui A2un0as sup u! Xluotln1 ssaldxa jo 00u0squ at; `saaj 104 10 iCuo 01 p1o201 ul saaj uoi ;1nitn put uol ;0adsui 1Cpado1d `saaj ,s,Cauaope `0; mum ;ou pig `Suipnmmm! luawnllsui ;unoas sit; aapun s ;q2u put ,Cpadoad 014; ui 15010 1u1 s,1apUal 2Ui;0a ;old jo asodand 041 .1oj `Ilnujap s,1amo .110H 14 ;!m uoi ;Oauuo0 ul pawaOjlad s0o!AJ0S 10j saaj aaM011og 02114140 Attu 1apual •sa2aeto uuoi 'PI •1apual jo su2issu pu13 saossaoons at; !gauaq put (oz uolloas ui papinold sn ;daoxa) ping pugs ;uauln.usul A ;l.1n0as sit; jo s ;uawa0a2u put s ;utuan0U ate Sul ;I1M ui as1ala1 tons 0; s00.12t 10pu0l ssalun ;ugwnl ;sui Allmon s114; aapun Al I!gtl put suoi ;t24go S,1aMOa10g wag pastalaa aq ;0u (lugs 1OMO1100 ;uamn .1 ;sul IC ;ilnOas sup aapun s ;gauaq put s 114211 S 10M0l1og jo ire tquigo hugs `1apual i(q panolddu si put `2uiluM ul ;Uawn .1 ;sui ,C ;unoas sup aapun suout2ilgo S,1aMO11oa sauznssu otim 1aMO110g jo ;Sala ;ui ui lossao0ns iuu `g l uoi ;oas jo SUO!S!nold ail; 0; l0afgns ;uasuo3 s,lau2is -oo atl ;not ;iM glob! at; .10 ;Uaulniisui i( ;unoas sit; jo suua; at; 01 p1u201 q ;1M suoi ;opoutwo0O1 ,Cuo 0)iuw ao ao0g1oj `/Cjipow `puma 0; 001213 too IOMOa1og 1014 ;o Cut pug aapu0l ;u14; Sa018g (0) put ;U0wnl ;sui ;unoas sit; Aq palnoas stuns 014; ,Cod 01 pa ;12llgo 1Cliuuosaad ;ou s! (q) 4ualun1 ;SUJ ;lanoas sup jo suua; at; 1apun Cuadoad 014; ul Isamu! s,lau2is -o0 at; XanuoO put ;ut12 `02u2pom 01 /quo ;Uamn1 ;SUi i ;unoas sup 8u4u2ls -oo s! (t) „1au2ls -oo„ t) 0 10N alp a ;n0axa ;ou saop ;nq ;uamn.usUI i; unoas sup suds -00 04m .10MOJ1og Aug `aanaMOH •lg1an0S puo ;uloC aq hugs I pug suoi ;g2llgo s,lamolaog ;ut; S0012g pug s ;U1UOA00 10M0110g •punog saissy pug saossaoans 'saau2Is -op :,Cllllqun pianos pug lulor £I (pamai JO 2142!1 ,Cut JO OS!OIOXO 014; apnloa .1d 10 jo lani1M t aq ;ou !lugs `anp uaq; lunomt aq; u1q; Ssal sumo= III 10 10MO11og jo ;sa1a ;UI ui s1ossao0ns 10 Saill ;ua `suoslad p1tt; wolf s ;uamXud jo aouu ;da00o s, .1apuai tot ;tllw41 ;floq;iM `2uipnloul Xpawal .10 ;13211 Aug 2uisiolaxa ul lapuai siq a0ut1tag1oj Auy •1aMOaaog jo ;saIOIUJ ul S10SSa0ons ,Cut 10 10MOaaog I1u!210 041 ,Cq aptm puuwap ,(U1 jo uosu01 iiq ;uawna ;sui Aipt oas sup; iCq paanoas scans at; jo uoi ;ozluomt iCjipow as1Maat ;o .10 ;uawX1d aoj amp puma 0; asnjal 01 10 1OMOaaog JO 1S0101Ui ul IOSS030OS 1, 0 G I i0 G abed U -:i:jj 508 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (1) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender, (2) words in the singular shall mean and include the plural and vice versa, and (3) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (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. 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01 luunsand suollol s ,Ci.rod .10410 alp wag saspu 1141 (ss1lo u J0 lagwau alp 10 luu2pll Ignpinlpul ug 104110 s1) uolpot Itlolpnf ,Cut o1 paulof aq 10 `ulof `aouauzutoo Amu 10puarl 1ou aamonog aalllON °lasggoand a1oN 0141 Xq papinoad aslmaallo ssalun aasugoand atom alp ,(q patunssu 1ou alt pug (s)10otn1as uuo' aossaoons t 01 pa .1 .1aJ5u111 aq ao laolnaas uto] ant nllm U[tu10.1 IIIM aamoaaog of suojlaIlgo Wuloinlas uiol 0 1 4Jow alp `aloN alp jo aaslgoand al; ut41 aa4lo aaolnaas uuoi t tq paoln1as sI uto-I alp aapJu01a41 put plos sI aloN 0 413I °5ulolnaas Jo aaJsut .11 Jo aollou 1 n2lm uolloauuoo ut saatnbaa ydS IH uolluituoJul 10410 ,tug puu apuw aq pinons sluau,Cld 40I1m op ssa1ppt alp `1aoln1as uuoi mail alp Jo ssaappg puu aouu 041 a111s !pm 4011m auto a4p 3o aollou ua11I1m uanl2 aq IIIm 1amoUog `aaolnaag uto-I alp Jo auu401 Si amp 31 •a1ol,I a41 3o ales t o1 palulaaun aaolni0s ugo'l 04130 sa2uglo Witnesses: RICHARD SCOTT BECK (1 CHRIS'rIA M. BEC Page 12 of 13 510 notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non existence of a default or any other defense of Borrower to acceleration and sale.. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. 24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider executed by Borrower and recorded with it. (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower Form 3051 3/99 Utde6 STATE OF WYOMING, My Commission Expires: Feb. 26, 2002 Page 13 of 13 Notary Public Teton County ss: 511 The foregoing instrument was acknowledged before me this 19th day of October, 2000 by RICHARD SCOTT BECK and CHRISTIA M. BECK Form 3051 3/99 lni[ials:Ag�