The URL can be used to link to this page

Home My WebLink About869361�Oa RELEASE o X f This Mori E RO�;Y This) -ef MORMON PROF foa RELEASE' op 7) This Mort gage SEE 8BUL Of MORTIAiE State of Wyoming LOAN NO. 061270 869361 Space Above This Line For Recording Data] MORTGAGE THIS MORTGAGE "Security Instrument is given on The Mortgagor isLora L Gibson, A Married Person "Borrower This Security Instrument is given to Major Mortgage, A Wyoming Corporation FHA Wyoming Mortgage 4/96 I 4R(WY) (960401 VMP MORTGAGE FORMS (800)521-7291 fib Page 1 of 8 MW 04/96 Initials: RECEIVED nr r.r.i,fi.l I V r 00 OCT 30 „c ;wR. t.J r— BOOI 4 4 _PR PAGE 8 3 8 October 27, 2000 1 FHA Case No. 591 0880537 -703 which is organized and existing under the laws of Wyoming and whose address is 2020 Carey Ave, Cheyenne, WY 82001 "Lender Borrower owes Lender the principal sum of Eighty Nine Thousand Seven Hundred Twenty Four and no /100 Dollars (U.S. 89,724.00 This debt is evidenced by Borrower's note dated the same date as this Security Instrument "Note which provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 1, 2030 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance 1 1 11 I C:.1 Vd± (l„i i u1 1 l'4G 1 11 N O )3 it of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to the Lender with power of sale, the following described property located in Lincoln County, Wyoming: See Schedule C attached hereto and made a part hereof. which has the address of 145 West Etna Road ,Etna Wyoming 83118 [Zip Code] "Property Address TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development "Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time "RESPA except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. 4R(WY) (9604).01 Page 2 of 8 Initials: 839 [Street, City], :s83iiiuI :ji luaumnsui'ClpnoaS slid A pins sums Tie Jo rim ur ni u'Asd aleipauziui aiinbai 'Animas am Jo renoldds loud 0110 glim pus ((p)£ 'y'S'fl ZI Z86I 3o lad suoilnlilsui tiolisodaa ureuuao 'is-iumo all jo (p)it£ uoiloag 8uipniaut) nor aigeaiidde A paumuad Ji `hers lapuai •isnoaddV lrpaaD lnoglIM ales (q) •luaurtulsui ,ClrmoaS sup ui paureluoo suoils8iigo Jam° Aus uuojiad o1 `asp /CBlip jo poiiad a 10j `8uilimj A spinsjap 1amo110g (ii) .zo `puauiiied Sigluom lxau alp jo amp anp ag3 uo so of loud 1u0um11sui Alunaas sun A paiinbaz luaurAmd Aigluoui iinj ui ,imd op 8utrie3 A spinnjap 1amouog (t) luaumgsur iiltmoas sup iiq palnoas sums ire jo iin3 ut luau fled aasipau mi aiinbal `slinejap luauifisd Jo assn Zip ui `iiamlaaoOS 0111 Aq panssi suoilsin8ai .iq pamuir se adaoxa 'Amu iapuaj •unepaa (s) •lgaa jo uopgaalaoav ao3 spunoan •6 .A elaaaas alp A pazuo11ane sa81stio pus saaj laaiioo Amu lapuai •saag •8 •aorlou JO $utnt8 gip JO siisp OI uigaim anogm glaoj 1as suoilom at 1 Jo aloui 10 Quo arm 10 uail 3111 AJSHES Timis 1amo11og •uaii atp $uiijrluapi aoipou m 1amo110g aAt8 Amur aapua'i `puaunuisui Alunoas sill lano iuoud urelle loigm uatj m 01 loafgns st filaadoad 0111 30 Ind Am ism sauruualap lapua-r 314 •luaumulsui Alilnoas snip o1 uaij ail &utlmutplogns lapuarr o1 AaolaeJsiles luauma1 us nail 0111 30 laplotr ail tuo1J salnoas (0) 10 :uaii OM JO luatum10jua 0111 luanald of almaado uoiuido s,lapual a ui latlm s2uipaaooad re8ai `iii uair am 30 luaumo1oJua isure8s spuaJap 10 'A uaiT ail l2tmj poo8 ut spsaluoo (q) `lapuaer o1 algmadaoom lauustu m ut uuii alp A palnoas uoirairgo anp jo luaui,Cmd a111 01 8uiliam ut saal8m (m) :10mo11og ssapm auaumusur Aljnaas sill Jaw A2poud smq gargnn uail a8amrostp Apdulold Tress 1am011og •algsfimd pus anp Slaleipaunui aq frets `lapual jo uotpdo all 1s pus `alma aloN ail 1m `pualuasingsip Jo asp ail wog malaput leag heirs mums asau •luaumalsur iilunoaS sun A palnoas aq pus 1amo11og Jo lgap reuoilipps us omooaq Hugs gdea8eaed sill lapun lapual Aq pasingsip =noun Cud Z gdea8eaed ui pau0iluaur suiau 10110 pus aousinsut plszsl `saxes Jo puaurAsd 8uipnjoui `Auadold 0112 ur s118u s,lapual pus Auadold alp Jo amen am loalold o1 Almssaoau si 1ana3m11m ,imd pus op Amu lapua- uall `(suoilminZ1 O SMBT 03a0JUO 01 10 uoilsumopuoo Joj `tioldnlaruuq ui 2uipaaoold m se irons) Auadold all ui sll8p s,lapuo-i poajjs Jipueouiugts iistu 1e11 8uip00ooid TeSai a sr a1am 10 `1110urn1lsu1 AptlnoaS sup ui pauieluoa spuauma1$e pus spueuano° 1x1110 tium uuojlad o1 slreJ 10 `Z 1dm18m1md gig paainbaa sluauified all 10 s1uou1Asd asap alum o1 sl5J 1amo11og jr swam/Cud asa1112upuapina spdtaoaa lapua1 01 gsivanj 1amo11og isanbai s,aapua' uodn 'filmdom all ui psalalui s,lapuo'r 1aa33m Alaslanps pinom iced of arum H •luaugsd a pamo st 11onim JC1i1ua 0111 01 ,CT1oalip amp uo suousilgo asa111 ,Csd Tlsgs 1am0110g •Z ldsl2misd ut papmaui 1011 15g1 suoilisoduii pus saui; `sa8aelo Tedtaiunui 10 Tmauauru1ano8 ire iced rrels 1am3110El •,flaadoad 0143 ut sll2ig mapua' 3o uorloalold pus aamoUog of saWasgD •L •01010111 pa1111u0 A1re2a1 Alilu0 all 01 pied aq Trolls luaturuisUi /C1ilnoaS sill pus aloN 9111 lapun ssaupa1Qaput 8utpuslslno Ire iimd o1 palinbai mows us JOAO spaaoold ssaoxa Auy •sluauiIied tons jo 1tmouis all agusgo 10 `Z gde18e1md ui or pallajai ale rot11m `sluaurtied iijrluout ail Jo amp anp 9111 auodasod 10 puma mu imgs rediouud amt 01 spaaoold ail jo uoTlsaiidds ,cud •isdpuud jo luauuCsdald o1 ua111 pus gds18eied ui papinold 1ap10 all ui potidde slu1OUim luanbuilap iCus o1 1s'!J luaunuisui Iili1noaS sill pus aloN a111 lapun ssaupalgapui all Jo uorlonpa1 all op spaaooad dons ,Cidde liars lapua-i •luatunlasui lClunoaS sup pus apoN am lapun pmdun swum' 25111 ssaupalgapui 01130 1111111.15 iin3 am Jo 1ualxa ail 01 lapua'r o1 ptsd aq ireps pus pau8isss Agalal a1s `uoileuurapuoo jo amid ui Zoumlianu0o Joj 10 `if1adold 0111 JO plmd Aum Jo 8uprei 1a1110 10 uotlmuurapuoo ifum Tim uoilaauuoa ui `reiluanbasuoo 10 1oa1ip `sa8miump Joj unsp ao pram ,Cum 3o spaao0ld aiT,i, •uoilmuutapuop •9 8uilum ui 1al10u1 ag101 s9a15 aapua' ssalun pa5Jaut aq 1011 iletls ajlp aaj pus Ploraseai art `iivadold amt 01 am 003 sa1inbam 1amo11og 3i •asmaj a113o suoisinold am 111jm Aidwoo Iie11s 1Zm0110g `plotrassa1 s uo si luaunuisur tiltmoaS sup Jr •aouaprsal sdpuud m sm Suado1d alp Jo Sousdn000 s,1am0110g t`upuaouoo suopmluasaldaa `01 papicuir 1011 1ng `8uipnpui `aloN 0141 Aq paouaptna mot 0141 lltm u0tlaauuoa ur (uopsiuuojui Tmilalmm Aug glim lapua-i appiold 0a pa1Tj 1o) lapuai o1 sIUOuiapels so UOilSUJIOJUI ale1n00eui s0 asTj /ireilalmiu ane8 `ssaooid uoilmoildds ueor ail 5uilnp `aamollog 3i 1InSJap ui aq 0sie limns 1amo11og filmdom pauopusge 8 ;o q seed LO1b096) (AM)dti-12) If the amounts held by Lender for Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall account to Borrower for the excess funds as required by RESPA. If the amounts of funds held by Lender at any time are not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as permitted by RESPA. The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b); and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all installments for items (a), (b), and (c). 3. Application of Payments. All payments under paragraphs 1 and 2 shall be applied by Lender as follows: First, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premium; Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard insurance premiums, as required; Third, to interest due under the Note; Fourth, to amortization of the principal of the Note; and Fifth, to late charges due under the Note. 4. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by floods to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form acceptable to, Lender. In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance proceeds may be applied by Lender, at its option, either (a) to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment of principal, or (b) to the restoration or repair of the damaged Property. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments which are referred to in paragraph 2, or change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. Lender may take reasonable action to protect and preserve such vacant or 4R(WY) (8804).01 Page 3 of 8 Initials: 841 p!ST siepiut ZV8 9409eBed Lolwoss) (AM)11b un3 u1 pigd s1 luauinllsul'i;tinoas am Aq pins Nap 0111 uagm mum Begs AlJadold aIl1 jo s;uai jo 3Uaum$lssu spa •iapuai Jo 1ipaulal 10 11121.1 101110 Jiun algptienui 10 llnvjap Aun aniuM so wino 1ou pegs siva1 jo nopeolidde iiuy gonalq s1 atom amp Aug fe os op Amu 10nt031l paluioddu STTnloipnf U 1O lapua-1 `lanamoH •1aMO11og o1 gogalq Jo aopou gutnIg 1a33g io alopaq Apadold am ulelulUUw 10 3o io11uo3 win `uodn lama of patInbai aq 1ou Timis zapua-i LI gdniSgi d sigl iapun slg$u 511 gutst3laxa Uto13 iapuvi 1Uanald mom wq; ion AuU uuojiad lou !pm pun mu snq pun slum am jo 3uauiuglsse loud Aug pa3noaxa IOU snq 1amo11og •1unu03 011101 pump uaui1M s,lapuag uo 3U0$e s,lapuag 10 aapua-I o1 ptedun pun anp sluai Ile Iced lleis Apadold alp jo lunual Ilona (o) pun :Apadold aqi jo slum am jo lie aA10331 pun loaTloo 01 pappua aq pegs lapua' (q) :luaumlfsul AlllnoaS am palnoas sums a113 01 pailddg aq of 'Apo lapua-I Jo 2pauaq ioj aalsrul sg 1amo110g Aq mat! aq Tings 10moliOH iiq panta3a1 slum lie (n) :aamonog of imam jo aofuou sanig lapuag n •Aiuo ,iltlnoas inuoplppg 103 luaumgissu un lou pug luaumglssn ainlosge tin sa3nftlsuoo swat jo 3uatmAsse spa "•10mo11og pun iapual jo lgauaq aim .ioj aalsiul sg Apadold atp jo sanuanat pun s1ua1 ITU anpoat pug 1oaf0o Begs 1am011og `luauuufsul JC11t1on at 1 ut luautaal2n 10 3unuanoo ,fun ;o Ilonaiq s,lamollog J0 10M0110g o; aoifou s,10pu71 o; ioiid `lanamoH •s1uagn s,lapua-I 10 lapua-I 03 swat 0113 And 01 Aliadold aq1 jo mum Ilona sioa1!p ,igataq pug sanuanai pug slum am loaiioo 01 swan s,.iapua-I so lapua'l sazuotpne 1amo11og •Apad0ld ag3 jo sanuanal pug swat a111 Hu aapua'I 04 slaJsuel3 pun su$lssn Aiieuoi1jpuooun Jamouog •s ;uaa 30 ;uatuugissV .LT :smoiloj sn aa1 ?g pun 1UUU0n00 1ag11n31apun pun 1am01I0H 'SINVNHAOO Yfl1O4INfl •uofoa301d Tn1uaumollnua 10 Aialns `gllna11 o a1UIa1311113 painooi s1 Apadold 0113 a1agm uo!f31ps11nf am JO SMUT pun SMnj Tnlapaj SU UJ „Mel 1u11101111101!AUH„ `91 Ildnlgg nd s1Il1 u1 pasn sy •sl'ilalnti anl3onoipR1 pug `apAgapjUuuoj 10 solsagsu gum1Uluoo sis!1a1nui `s3uanios aipejon `sapioigzaq pun saptopsad otxo3 `smnpold tunaiollad 313(01 10 ajquuluiui3 =Do `aU S01al 'autiosu2 :saouuisgns guimoll03 am pun Mng in3uauzuolinuH saounisgns snopieznq 1O 313(01 sU paugap saounlsgns mom am „sa3uefsgns snopinzeH„ `91 gdu1geied s1Il1 u1 pasn sy •Me'1 1n1U01111101tnUH typik a3unpJ000n u1 suoj3o8 1n1P0uta1 ktussaoau lie a71 ii13duiold Ungs 1amo11og `Aanssaoau s1 Apadold aq1 Su113a33U saouelsgns snopinznH Jiug 30 uoiwlpatual 1ag10 10 IUnotuai Niue 1Ugl `Alpot 1ne £I0win$a1 10 leluauttuano$ Jiun iiq paIJilou st 10 `suanal 1aM0110 dl •a;ipalmoU)l innl3n sm.! 1amo11og ippim 3o Me IeluauiaollnuH JO 0ouelsgns snopinzBH Aug pun iCpadold aq1 3Utnlonut ,find alentld 10 Aouagn £I011ngal 10 !mamma/tog ,iuU Aq uopou 1ag3o 10 3msMUI `punuiap `lump `u0t1MM!1S AU1 AUU JO 0313011 uafi1M lapua-I an1;l 'il1dtuold hugs 1amo11og •,ipadold 011133 a3Unualureuz 01 pun sasn inpuaptsal leuuou o1 awtldozddn aq 01 paziugooa1 AIlelauag 0JU 1nt 3 sa3un3sgnS snoplRZnH jo sappunnb Hums jo rfpadold am uo a2E103S 10 `asn `aouasald am 01)fldde mu pugs saoua3uas OM3 sulpa3ald aIlL •Meg 1nluatuuollnug Aug 3o uo11u101n III s11u111 ii1.10d01d 0113 gu133ajjR 2u1gl/fun `op 01 asp auoiiun MOUE IOU `op lou Tl9IlS 1amo11og •Apadold 0113 UI 1O uo saou53sgns snoplgzeH .Tun 3o asnalal so `aVU103S Insodsip `asn 'aouasaid 0113 3iuuad 10 asnuo Sou hugs 1amo11og •sa3uelsgns snOpJIzuH •9i .3Uatunl3sul /i1j1noaS spy jo pun aloN aq1 3o Adoo patulojuoo auo uan!g aq pegs 1amo11og •,CdoO s,aamo.u0g •si •algnlanas aq 01 painpap a1U a1ON 0q1 pun 1UaUItulsul A1unoaS sup 3o suolsInold 0111 pua stgi 01 •u0ts!nold gu13o1TJUO3 0111 1nog11M 33ajja uan12 aq uuo 11311TH aloN 0113 10 3aauitulsul A311n3as s1Il1 Jo suolstnold iotpo 33ajJg lou pugs ;oil;uoo gins 'mgl aignolldde tpIM s1O1T3uoo aIoN ag310 luauinalsul ii3unoaS step 3o 0snlT3 to UOISIAO1d 3n1 3U0n0 0111 ul •pawooi s1 Apadold am gomm 111 uop31ps11nf 0111 3o Mg! 0111 pun MnJ Inlapad Aq patuanog aq hugs 1UOUIIUIsuI 'i111n3as s1UJ •A31liquaanag :mug 2utuaanoO •111 IldnagJEd spy U! paptnold sU uani;l uagm lapuag 10 1aMO.uog o1 Uan12 uaaq ann1 03 patuaap aq IInis luatutuis I Aillnoas spy U1 103 papinold a313ou Jiud .la/km/Jog o1 aotlou sawuglsap lapuai ssalppe Jfue 10 ulalaq pawls ssaippe s,Japual o3 peut ssup lug uanIg aq lings 1apu0' o3 0313011 ICuy •lapuo o3 03113U tiq S01UU2IS0p 10MO11og ssalppu 101113 Ifun 10 ssalppd Apadold am 01 pafoagp aq Ilggs 0313311 ata •po113atu 1a111oue 3o asn salmbal mgl alquoilddn ssalun 1!Em ssnio is1t Aq 31 SumuuI iiq 1011 gutlan!Tap dq uanig aq Hugs 3uatunl1sul iilunoas s1111 ti! 103 papinold 1aMOIog o10Zilou Auy •sao13oN (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or 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 Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co- Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower'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 may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. Cii)-4R(WY) (9so4).oi 0 -19.3. Page 5 of 8 843 Initials:1, YT T17 siepiuI Q )O e6Ed L }Ht' N,60, ,yap gdwax xel dpoM .'apt luautiie patnnpe .'O Japtg tuauudotanaQ heft pauuu1id [itoads] .'aim xi Japtm ,iltnba 2utmo .'o n Japtg umtuttuopuoD •[(sa)xoq aigeotidde xoagD] •1uatm.'1suI J(ltanoas Sig1 JO Ind n a .'aM (s).'aptu ail 1i su luatun.'lsui iC1t .'noas snit Jo sluatuaa de pun slueuanoo ago luauuaiddns pug puaum fl! S puu olut pale .'odtoout aq hugs .rapt.' ipns goes ;o sluuuanoo aril 'luaum .'lsui Iilt .'noas sup pm .'aglaVol papiooaa puu .'amonog ,iq palnoaxa a.'e s .'apt.' wow .'o auo 3i ;uautna ;suI Sljanoas snip 01 saappg •iz Ivado .'d ag1 ut .'amop pun dsal .'no jo snign tie sagstnbunp.' pug Ml.'ado .'d alp ut uondutaxa peatsauuog 3o sig8t.' tin sanmm .'amolog •saantnM •oz slsoo uopnpiooa.' Ate fed hugs aamoiaog .'amo .'og of °Snip inogltm luau tuisui Animas sup asuaia.' hugs .'apuaj luauznnsui Alj .'noas slit Ai pa .'noas stuns tie Jo ivauaed uod(i •assaiag •6i •,t+ui aiquatidde ao g1 qdu n.Iud slip aapun aapuai a o; mummy aslAUag ;o s ;gSpa ,Cum jo £amlaaaas aq3 aAladap hugs aoualuas Sutpaoaid ag; ul Sup po i •py am ut paplAOad sm Apadoad aq1 IIas o; puu a.msopaaoJ aauaunuoo o; pv ag; aapun pa ;nu8tsap aauolssluutuoa aansopaao3 n Butlsanbaa (*as 1a ISLE •ys•I1 zi) 1,661 Jo pv aansopaaoi a8alaoN ,mesa angels aq1 ul papinoad anus 3o aamod isptpnruou am a'IoA"! ,fuel AJA31O130S aq; '6 gdmagmand aapun imd ug ;uauaud a ;stpaututt saambaa Samlaaaas am putt Animas am Ai piaq st puautnapsuI Symms slip ul imam! s agp 31 •ll of pappua ,fllu2ai suosaad JO uosaad aq; o; ssaoxa km (o) put :luautnaisuI ,f;lanoas slip Aq pampas sums iim o; (q) :ran ,sSauao ;m alquuoseaa 'op pa;tui ;ou 1nq '8mpnpul 'alms ag; jo sasuadxa its o; (n) aapoo 8ulnmolo3 aq; ul panddm aq IImgs anus ag; jo spaaaoad aqy 'Nils Sum ;m ,f;aadoad aq; asrnp.md ,fstu aau8tsap sIl JO aapua7 •mni aiquanddm ,fq pagpasaad aauuuw ag; ut Nos aq hugs ,flaadoad alp puu 'alas jo aapou ag1 gsllgnd pegs aapuaZ •£i gdmaRmamd ul papIAOad Jammu am ut aaA+oaaog 01 alms am jo aapou aAl3 jugs aapua7 •msi aigsolidds gllm aaumpaoaau u! 'luaaajJtp dl ',flaadoad ail jo uolssassod ul uosaad aq; 01 pun aaAtoaaog o; asopaao3 0; ;ualul 3o aapou aAla pugs aapua7 'anus 3o aamod aq; savAuj aapuaj n •aauapina apc; Jo s;soo puu saaj 4 s fauao; ;m aigmuosmaa '01 papltug 1ou 1nq 'flut '81 gdsa8mamd slip ul paptnoad salpauiaa aq; autnsand ul paaanaul sasuadxa IIs ;aai;o3 o; pan ;pea aq hugs aapm •Mmi aiquagddu £q pa;;lutaad satpautaa aaglo Aug pug ales jo aaMod aq; aMonut Sulu aapual '6 gdnageaud aapun trop ul luauged a;utpauttul saambaa aapual 3I •ampaaoad aansopaao3 •8i v.. w0'il; 10M011011- 10M0IlOg- (le (Ms) 10M0110}1- (Ms) ]aM0110g- (I laM011og- (igaS) laM0.LI0g- (igaS) 400Z 'VT aunt sari x3 uo�ssiwwo� W 8uiwo :o areas uIooull Rlunoo of qnd dae�oN ti aa�1�eM uae4s ya f J q?) /t(1-7V (am) OOOZ 'LZ uagmoO :ss ,f;unoD amtki osgTO •iy uoa uosq m 1 PJo1 1 8 4 9 e6ed (&n pajMouXoe uosiad) �o (17096) (AM)ab :saudxa uoissuzuzoa ,�y4 uosgio •M uoc put, uosgLj 1 eJoi Aq sp aw aiopaq paEpaiA ouxog sem luaumnsui 2mo5'aio3 auJ, U 1_00U 11 `ONI MOAN 30 a,LVIS laMO.UOg- (igas) lam011og- (IgaS) :sassauu •3! ijp t papiooar pug ias oiiog sq palnoaxa (s).zapp fug ui pug ;uaumzlsul iii inoas spp ui pauiemoo suuai am 03 saaz3e pug s;d030e iannoiIog Bc10'Igg DNINDIS �g 08C)11361 MORTGAGE ADDENDUM 846 The following is an Addendum to the Mortgage. The addendum shall be incorporated into, and recorded with, the Mortgage. 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 (1)(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;. (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 (1)(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 oY 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. LORA L GIBSON Borrower Borrower MPP 210 -B (Revised 12/95) TAX EXEMPT FINANCING RIDER 8 4 7 SCHEDULE C The land referred in in this comminnent is situated in the State of Wyoming, County of Lincoln a described as follows: and is A portion of the property referred to in Instrument N 856251 recorded ir. Book 425PR on pace 31 of the records of the Lincoln County Clerk located within the NE 'SEU of Section 10, 6th .m, Lincoln county, T35IJ F�I19W of the 6th P.M. described as fol ows ing the boundary and area being fiore particular? S GZNNING at a Cotton Gin Spike set at a point in the North line o f NE�,�SE;X, said point being 474.05 feet S o said type Monument found harking the Lloyd.L ak 27 b0 E, from the c t o for the Northwest corner of Baker PE/LS 693 1999 location said NE thence S 8 9 27'00" E, .4SE,( (C21/I6 5101 c ontinuing along the said North line, 164.89 feet to a Cotton Gin Spike set marking the Northerly prolongation of an existing North..South fence; thence S 0 °01 W to and roughly along said fence, 206.53 feet to an Aluminum Cap on Reber found marking the Northwest corner of the Sanderson property referred to in Instrument No. 812952, recorded in Book 377PR on page 628 in said records; thence N 89 °27'40" W, 164.89 feet to an iron pipe set; thence N 0 °01'13" E, 206.53 feet to the POINT OF BEGINNING, LESS AND EXCEPT that part of the above described land lying outside the land contained in Warranty Deed recorded June 12 1 Deeds on page 215 of the records of the Lincoln County Clerk. B ook '3 of