HomeMy WebLinkAbout86891311
11
1
11
1
66/E LSOC WIUJ
0
1
II
11
11
000Z '9 ,lago430
{;J :11 a 11 130 00
O3AI3338
VN I 1OHV3 H1dON
z_ 6 aDda 21a NOM
SWUM 117"7 Ng 33S
eirell pew sigd
SY313ii bQ
IDVD1 'dO
[am kulpsoaag .iod aul-f s qj anogy aaedSl
1.6ZL SIAMOd 3OV'Jlaow dV A
co 1► S a eiiluf 10•66/40 MW
I70€ L s 7cji t 1 r 3 ZZ'ZZ
1W14C 4 iti.:`,:). Zatifq,.1;ZO3V pOONC10
g t )o t e6ed
to•Itoss) (AM)9 CD
1N3Wf 8iSNI WHOdINfl aeI N elppaij /eeI aluued- AI!Wed 916u!S-JNIWOAM
9T517ZU TLTB
3o smut all iapun &upsixa puu paziueS.zo
NOIIVd0dd00 si iapuol
NOIlVd0dd00 30NV1d300d 000MDIVO (D)
lualurulsul'1t.tnoaS sill aapun io2e2lioui all Si Jamoi.tog
9 s u
NVW31d8 d 3AILS ST „aan+oaiog„ (g)
'Iuautnoop sill 01 slapig nu Minn .ialla5ol
palep si loigm `Iuautnoop sill maul „luautnalsul ,flianaaS„ (V)
'9I mums ui paranoid oste
a�u luautnoop sill ui pasn spJom Jo a8usn alp 2'utpiaaJ saint uieua0 IZ P OZ `8I `£I I I suopoaS
ui paugap a.zu spiom .tallo puu motaq paugap aze luautnoop sill jo suopoas atdiltnut ut pasn spioM
SNOLLllNI33Q
S000M VN I 9
:gig patedazd
:o.L uznla i
Lender's address is 7800 MCCLOUD ROAD, GREENSBORO, NC 27409 -9634
I
1
Lender is the mortgagee under this Security Instrument.
(D) "Note" means the promissory note signed by Borrower and dated October 5 2000
The Note states that Borrower owes Lender Ni nety Seven Thousand Nine Hundred Three
and 14/100 Dollars
(U.S. 97.903.14 plus interest. Borrower has promised to pay this debt in regular Periodic
Payments and to pay the debt in full not later than December 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.
(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]:
0M-iS013
Adjustable Rate Rider Condominium Rider Second Home Rider
Balloon Rider Planned Unit Development Rider 1 -4 Family Rider
VA Rider Biweekly Payment Rider Other(s) [specify]
MFG HOME CONSTR LOAN
RIDER
(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 means 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 (i) principal and interest under the
Note, plus (ii) 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.
1
XI
8171 2324515 0
Initials:S.R 8
6(WY) (99041.01 Page 2 of 15 Fortin 3061 3/99
923
661£ LS0£ twoJ t s seed
Cl zysaleiliuI
0 7J 9IY17 Z IL18
sup zo atom aql zapun ivaw,ced se zapuaq Aq pantaaaz luawnzrsui zagio JO xoatlo XUE 3t `zanamoH •,iouazzno
•S•n Ti i apuw ag hugs luatunzisul Animas stuff pug glom agi zapun anp sivawhd uopaaS of iugnsznd
small mozosg zoj spun] scud osf Ile's zamozzog glom 0 T1 zapun anp sa2.reua arm ptre sarego ruatmigdazd
Aug pue aioN otp Aq paouaptna rgap aqi `uo rsazolui pug `3o ledtouud aqi anp uagm iced hells zamozzog
•saS.wq ajw pun 'sa2anto ;uaw,fgdatd 'sur ?I Mozosd ;saga ;uI 'p dioupd Jo ;uaugnd •I
:sMolloJ se aazgg pug iuuuanoo zapuarl pue zamozzog •S.LNVNHAO3 YiI2IOdINn
Arzadozd
luaz 2utzanoo ivatunzisut iirunoas tuzoJtun g arnrtlsuoo of uoiiotpsunf Sq suotietren parrtuij TTum siuguanoa
uuojiun -uou pue asn iguoiieu zoj slueuanoo uuojrnn sautgwoo A,LRInDgS SIH,L
•pzooar jo saouuzgwnoua Cu u of roafgns `spuewap pue swtulo
rsure2e Aizadozd our of app aqi ,illezaua puaJap Ilim pue sruerrem zamozzog •pzooa13o saouezgwnoua
zo3 ldaoxa `pazagwnouaun si Xuadozd am real puu iivadozd alp Aanuoo pug rug `age2uow of 1q$iz atp
sal pure pa/ca./woo 4gazati arursa alp 3o pastas XIIt►3Mgl sr zaMozzog lggr S.LNVNdAO3 2IIMO2RIOg
„•,ciadozd„ am se ruawnzisul ,iriznoaS
sill/ uI or pazzajaz st 2uio2azoj aqi jo ijN •ruatu uisui Artznoas scup Aq pazanoo aq osjE Hells suotitppe
pue sluawaoEldaz iffy •Xuadozd aqi jo r.red g zar;eazag JO MOU saznixtj pue `saouEuaizndde 'sluawasea
tTe puu `Auadozd aqi uo pawn zarJEazaq 10 MOU sluawanozdwi 0141
[aPoD diz] 5uutroi(M [Amp]
[iaa.ns]
Jo ssa.tppe aqi sell ,ipuazzno goigm
torlvo66) (AM19-�
(NOIldIU3S30 1V931) V 1I81HX3 03H3VUV 33S
[uopocpsunf Sutpiooag ;o au1BH] [uonoipsunj Smpaooa )J ;o ad,(Z]
N100NI1 30 AINf100 aqr ti!
pargool ,ivadoid pagposap 5urmollo3 0141 `ales jo zamod grim `suSisse pue szossaoons s,.tapuarl pug zapua'l
or iianuoo pug urea `a5t2rJow ,igazaq saop zaMOZZOg `asodznd stgl rod •arom alp pure luawntrsul AtriuomS
sup zapun sivawaaag pue srueuanoo 5 Jamorrog Jo aoueurroJzad aqi (u) pug .atom am jo suopeoijtpow
pug suoisualxa 'slemauaz Ije pUE `uEO'I ag13o ruawiCudaz aqi (t) :zapuarl or Samaas ruawnzisul'iriznoaS stun,
A.L?IddO'Id al-LL NI S1HOI2I dO IIHASNd2I.L
IF H.LIM 1I3H.L2OO.L
„ssaippy Auadozd„)
AiNf100 N303NI
.zagwnN ai Iaozgd
•ruawtursul JillznoaS sup zo /puu aloN 0142 zapun suoileailgo s,zamozzog pawnsse SETT ,iced 1Eg1 rou
JO aatpauM `,ivadozd atil or app uaalmi sgq irnp Ar1Ed Cue stream zantOnog JO ;saga ;ul ut aossaaonS„ (d)
8171
-6(WY) (9904).01
Page 4 of 15
92r
(J 5313
Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments
due under the Note and this Security Instrument be made 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.
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 or partial payment if the payment or partial payments are insufficient to
bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan
current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial
payments in the future, but Lender is not obligated to apply such payments at the time such payments are
accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay
interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring
the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply
such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding
principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower
might have now or in the future against Lender shall relieve Borrower from making payments due under
the Note and this Security Instrument or performing the covenants and agreements secured by this Security
Instrument.
2. Application of Payments or 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: (a) interest
due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments
shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts
shall be applied first to late charges, second to any other amounts due under this Security Instrument, and
then to reduce the principal balance of the Note.
If Lender receives a payment from Borrower for a delinquent Periodic Payment which 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
2324515 0
Initials: 'R A
Form 3051 3/99
66/E ME WJod slog seed Lo woes)
(AM19
0
am Sulrijnuapt oopou g JaMOJJOg OATS AVM Japua'I `luaunulsul AT!JnoaS sup Jano Afuoud uiglls UE3 tplgM
ualj E o1 133fgns st ,il1ado1d am jo Ind Aug lugf saumualap Japua'j 31 •luaum.zlsul AlunoaS sup of uaij a111
gupumpzogns .Iapua'1 Oi AlolosjST121S luauzaaJSu us uaq am jo iapjoij am luau soJnOas (a) JO `.papnjauoa an
ssutpaaooad tons !pun Ajuo lnq 'Sutpuad 3321 ssulpaaooad asogl aTgm uatj am jo luauiaa.Tojua a111 luanaad
01 aluaado uotutdo s,iapua' ul golgm s IESaj `ul uaij am jo fuaulaoaojua 1SUls2s spuapap JO 'fig
g11u3 pooS ul uaq am sisaluoo (q) :luaulaaJS21 tons Suluuojiad s! Jamolog sE Suoj os /quo lnq 'Japua-I o1
ajgiidaoos JODUEUI g u. uaq at1 iiq pampas uonsSHgo am 3o 1uaulhd am o1 SupuM ul saai (s) :JamoJJOg
ssajun 1uauWTUlsul dllmoaS sjti JOAO Aluoud s21q gopok uaq Aug aSJEtosip Apduzoid Hsis Jamonog
E uopoaS uI paptnoad Jauugu! 3111 ut mom 1fud ants aaMOiIOg sutall Mo1OSg aJg small asatl imp maw am
o j
•Aus 31 `sfuaulssassy pus 'saag 'sang uopspossy nllunu[uToj pus ',ius 31 qlaadoJd am uo slua1 punoiS
Jo sfualuhd pjotassaj 'luaunuisuj AlunoaS spp JOAO Aiuojad ujs11E uuo town AlJadoJd alp of ajgglnqullg
suoplsoduI! pus `saug 'saSasgo 's1uaulssassg 'saw! jjE ,fed jjEgs 13MO.110g •suai7 tsa3aeg3 'b
•aapua ,iq pjat spung Aug J3M011011 o1
punjai dpduioid jjsgs Japual `1U UII Jlsuj AijmoaS sup Aq paanOas sums Hs jo jjnj ut ivatuhd uodn
sluauThd
Ammon! ow/Al !rum a1OUT OU ui lnq ydSg2I 1T1!M aOU1 1JoOOS ul Soualo1pp a111 dn wig!!! of £.I21ssaoau
lunouis aq1 iapua'j of i d Hugs .1aMO.uog pus `ydSg21 Aq paambaa s21 Jamofog ,ijlou Huts aapua'j
`ydSd?I Japan pau1J p su 'MOJOSa ut Nag spung 30 Aouaiogap g sl aim 31 •sfuauihd A1ppuou! anjaMl
11g111 3101U OU ui pig `ydSd?I 1 111m aouupa000s ul agslaogs am dn 331EUJ of Lr ssaoau lunoun aqf Japua -j
of 1Sud !jugs JOMOJJOg pug `yds3 I paamba1 ss Jamming Ajpou Hugs Japua-j `ydsaa Japan paugap sg
`MOJOSa ut pjat spung 3o a2g1JOts g sI aaagl JI •VdSd2I 1 11 1 M aOUSpaoOOU uI spunj ssaOxa 3111 10J aamo1aog
01 lun000r Huts aapua'j `ydSd2I Japan paugap sg `MOJOS3 uI Nag spung 3o snjdans g st 313111 n
•VdSd2I Aq paambai sg spunj
alp Jo Sullun000s mums us `aSJgtO 1not1IM 'aamo1JOg o1 anTS Huts Japua'j •spund a111 uo plud aq Huts
Isamalut 121111 'Janamo1 `SupuM ul aa1Ss u210 Japua'j pus Jamoaaog •spung alp uo s2ulu1ga Jo !small!! ,iug
Jamonog /Cud of paambai aq lou jjsgs Japua'I 'spung at1 uo pred aq Ol !saaalul saambaa M21'j ajggotddy 10
gUMIM ui apetu Si luauzaaa s us SS jun 021E113 E tons wj211u of aapua'j s111uuad Mg'j algEoljddy pug spung
am uo Isaaalu! aamoaaog shd aapuarj ssajun `suzafj mo1OSg 3111 Su!Juan Jo lun000s M013S3 3111 3ulzfij21us
Ajjsnuus `spung 3111 guliijdds pus Sutpjo1 Jo3 JOMOJJOH a2a21tO lou H211s Japua1 •ydSd2l Japan pagtoads
amp am uggl Jafgj ou small Mo1OSg alp /cud o1 spung a11l Aidds Hulls Japua'I •3jusg u21o'j au1ol-I j21Japa,g iius
III JO (paansul os a1B susodap aso11M uoIlnIIIsui us sl 1apua'I 3t 'Japua'j Sulpnjoul) i 1T11Ia JO 'iilHuluau 1111SUl
`AouaS21 jsaapa3 g Aq pains!!! Jag sllsodap aso1M uollnlllsu! us ul pjat aq Hsgs spung at.L
•Mg
ajg21oiddy 111TH aOUEpa000s 211 as1MJag10 Jo suzalj Mo1OSg aJn111 3o saanllpuadxa Jo saisurtlsa ajg21uosua1
pus glue 1ua1Jn3 3o stssq a111 uo anp spung Jo lunoure 3q1 a121wllsa Hsts Japua'j •ydSgg Japun aambaa
ug3 Japuaj 21 !mows umugxsuT 3111 paaoxa 01 1ou (q) pus `ydS31I Japan pa1Jioads amp am le spung 3111
,ijddu o1 Japua'I lmuad 01 1ua!O1,J3ns (g) JunouT= us ut spung Nog pus 1ooHo° 'amp AUE fg 'Amu Japua'j
E uo11OaS sup Japan paamba1 uatl 3121 121211 'mums tans
ul pug 'spung JJE aapua'I o1 Aud jj21ts JaMOa1og `uo11E3ona1 tons uodn `pug Sj uopoos 111" 33U21 1033E
uI uan!S a3Pou s ,iq OLUI1 AIM 1g 8111311 M013S3 1121 10 Aug 01 su aanl21m 3111 arna1 A2W Japua'j •lunome
tons Aug Japua -j o1 ,fudai 01 6 uo11OaS Japan pal21Stgo aq uatl Huts Jamo1JOg pus Juno=JS tons zC21d pug
6 uOIloaS Japan sitsu sIT asl3Jaxa AB!!! 1apua-I 'mail Moaosg 2121 Joj anp luno2U2 am Iigd 01 sus; Jamo1JOg
pus `JanI21M 21 01 1u21nsJnd `Aj1Oa1ip small Mo1OSa Agd 01 pal2124go sT 13MOJJOg JI •6 uo!loaS ul pasn sI
„1U3U13a1S21 pug 1u21uano3„ assftd alp se 'luacufhlsul'i1Un3aS s1111 ul pautg1uoo luauzaa1S21 pus lusuanoo 21 aq
01 pauzaap aq sasodand jj21 Joj jjsgs sidiaoai aprnoad 131 pus sluoiu Ed tons alum 01 uoll25llgo s,aamoaaog
•31lnb31 ARM Japua1 su pouad aural tons ultl1M luaut1i21d tons SuTouapina sldiaoa1 Japual of tslulfj Hulls
`saambai Japua'I J! 'pus JapUO' ,iq panl2M uaaq s21q spung Jo luauz1i21d 4OI4M Joj small MoJOSg AUE JOJ anp
9T97ZEZ ILI8
9 27 U o as i1.3
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: (a) a one -time charge for flood zone
determination, certification and tracking services; or (b) 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 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
8171 2324515 0
InitialsR (3
-6(WY) (9904) 01
Page 6 of 15 Form 3051 3/99
to tvossl (AM)9 ez
661£ L9O£ WJoA g l to L eeed
s�eilNI
•S
0 5ISVZ8Z ILIB
aigguosgai 2utked (o) pug :moo ut Sugradde (q) :luaulnusui A111noas spp 13AO 11!10!1d 81114 jaigm
uail patinas sums Aue gut,ird (g) :o3 paittutj Sou an inq `apntout treo suoilou s,.tapual •,ivadold 3111
2uuredal Jo /pue 2uunoos pur quadold alp jo anjen age 2utssass11 10 /pug $upn31oid 2uipnioui luautnllsul
Aiunoas sail Japun s1u$i1 pur Auadoad atp ui lsaialut s,aapua-i loaloid of airudolddr Jo aigt:uoseai
st 10n0lggm 10j Xrd pug op Amu iapual uatp `,ivadoJd a141 pouoptreg11 seq Jamonog (o) Jo `(suo9rin2ai
10 snot aatojua of 10 1uaunuisui Almon slip JOAO ii11zotad utr13g A11iti 113p14m u3i1 i 30 luatuan1oju0
aoj `aln11aj1oj so uoilguuzapuoo 1o3 `alggoad `Anldtulurq ut 2111paanoid g sr gnns) luatunllsui Aipnnas sird
Japun s3142uJ ao /pug Auado1d am ui lsazalu! s,Japuari 1333311 Apueoutuats ii2tui lrtp Vuipaaooid taal 11 si
atagl (q) luauttulsui 'ilunnas sttp ut paureluoo smatuaaar pug 911111113300 aril uuojlad of slre31amo11og (g)
3I
•;uotun13sui ,f;ilnoas sun Japun sulk' pue ,fpadoad 314; ui ;sala ;ul s,lapual 3o uopaal°.'d •6
•aouapisal jgdiouud s,aamouog se Auadoad
3141 jo Aourdn000 s,13MOJa0g 2u1uaaouoo suotie3uasaidoa `oi palptip lou 3311 lnq `apnjout suopeluasaadal
repair JAI •uro-i 3141 pm uonoauuoo ui (uourtuuoju3 jeilamul t iim Japual aptno1d of paprj 1o)
aapua7 01 slu0tua3rts 10 11ollruu01E1 a3rannnrui 10 `2utpeaistut `393113 ,iijeiaalgul ana ivasuon 10 apaintouN
s,10M0110g 1431M 10 Jamoa1og 3o u0poaatp am Jr gupnr saptlua 10 suosaad Cur 10 1amo11og `ssano1d
uoprotidde tre0'l u111np 1inEJap ut aq 1[r14s 1amo1JOg •uot ;eatiddd ueo•i 'mannoalog •g
•asngo aiq uosgaa lions 2ui4toads uoioadsui 1ou01111 ue gnns of loud 10 3o amp 3141 ig aopou 1amo11og
3332 pegs 1apua-i •,ivadold aql uo sivatuano1dtui a1413o loualui 3143 padsut Amu Japuarl 'ammo aigeuoseaa
91111 it 3I •Auadold 3141 3o su0poad9111 pug uodn saulua ajq uosraa opium virtu luaWE s1t 10 aapual
•uopg101sa1 10 Jtgdal Lions
jo uopajduloo agl 101 uopa3jgo s,Jamola0g 3o panatiP1 lou Si aamoaaog `,ivad0ad 3111 aaolsai 10 1 0l
lu3tot lou 3311 spaaooad uopeumapuoo 10 aougansu1 ag13i •paloldtuoo st )I1om 3141 s11 sluatuArd ssaaoad
jo Sapas a ut 10 luatu ed aj uis g ut uotjglo2sal pug s1 rdal 3111 ao3 spaaooad asingsip Meru aapuai •s3sodand
tons ao3 spaaooad pos11ajaa sgq Japuori 33 ,Ciuo Auadold 3113 2utaols3l 10 2uured3J 103 ajgpsuodsal aq pro
s
aamoaaog `Auado1d a141 '3o futaiel am 10 '01 agruirp gltm uo1loauuoo 111 pied 3111 spaaooad uopruutapuoo
10 aou11ansul 3i •a11turp 10 uopgloua3ap Jag pions of pa rurep 33 1C1adold 3141 13gda1 ail dtuoid
IIr14s Jamolzog `aig1sg33 Aprntutouooa 1011 st 110!111101931 10 1111da1 JET S uotlnas o1 ltrensand pau1uualap
st It ssatun •uotitpuon sat of an!) amen ut 2111s1131o3p 10 8ut1111ot1313p !11013 Ifuadold 3141 31.13A31d o1 1ap10
111 AiJado1d agl u1e111311u1 ijg14s aamoaaog `,ivadold aril 111 2u11ptsa1 Si 13MOal0g 1011 10 13g1314M •AlJ3doad
3141 uo mom 3111111103 10 331110!1alap o1 Auadoad am mope quadoad 3141 Jt11dutt 10 a rurep `iio13sap
lou 3i11148 aamollog •suoip3dsui :S;aado.1d 3143 3o notp3;0ad pur 30ueu3 ;u1eyAI 'uopen13saJd •L,
10131103 s,aamollog puoAaq air 14n314m 3stxo sanu113stunn1in
&up11n1133xa 99311111 10 `pia14giim Ajgguosralun aq 1011 imp luasuon gopgm `2upum ut saaJ211 astm1a1410
aapua'J ssajun `Sou11dn000 jo amp ag310u11 1113,3 31101s11ai 311 ao3 3ouaptsal ird3ou31d s,lamo11og se Auadold
aql ,idn000 03 3nupuoo 3311149 pug 3UOtuna3sul Ii2janoas si14l 3o uopnoaxa a141 Jour sii11p iiixts ut1413m mama'
jrdtouud s,lamo11og sr Alaadold am asn pur `gs3jg113sa `Adnaoo 3311149 Jamollog •.tatlednaa0 •9
•anp 113143 3011 10 13143a14m luatutulsui ,i11nnas a141 a10N am Japun predun s3unotur /cud 01
10 Auadoad 3141 alma' 10 11rd3J 01 1a141ta spaaooad optimal! 3141 asn Amu Japua-i •Auadold 314130 02111anon
alp 01 aiggoijddr 0111 s1144i1 gins sr agjosut quadold alp &uu0noo satnttod DomEinsut lir lapun (aamoaaog
'iq pied stunttuaad paulraun 3o puma.' Aug 0l 313211 3141 1111141 131430) 831441 s,J3m0110g 3 131430 ,itre (q)
pur `3uaultulsui /iltmnas 8!141 Jo aloi 3141 Japun predun 8311110tu11 0141 paanxa 01 lou Junotur ur 1111 spoaooid
031111/118111 nitre 01 9114211 s,10M0110g (11) aapua1 01 sti2IsS11 Cgaaaq 13moi1og `astma01130 10 ZZ 110j130S
Japun i(3adoad 3131 sol3nbnr lapua-i 33 10 'man 1a14330 ui •113338 st a33lou am uatim 1112aq 113m poiJad
A 3tii, •u13rin 0113 aplas ptre 31E1102011 virtu 1apu3i 113111 'tut11jo 11 alms o3 p31a33o 91114 13311113 331111139113
a141 min 1apuaJ !11033 ant3ou 11 0l sSCep 0£ utgl1m puodsai lou saop 10M0110g 3i •saafgu pal111aa pur 11131113
aougansut ajggjtgnr Aug alms pur al11po2311 `ol13 Amu lapua1 `,ivado1d 3141 suopueg11 13M0110g 1I
Z 1101139
113 J03 paptnoad 1ap10 3141 113 pa3ldd11 aq 3i11149 spaaooad anurinsut 14nns •10m011011 o1 ptrd 'iiur 3t `ssaoxa 3143
`fin 49 Z
92.; 0 891 :j
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. Lender can no longer require loss
reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires
separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage
Insurance as a condition of making the Loan and Borrower was required to make separately designated
payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
maintain Mortgage 'Insurance in effect, or to provide a non refundable loss reserve, until Lender's
requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and
Lender providing for such termination or until termination is required by Applicable Law. Nothing in this
Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
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,
8171 2324515 0
Initials K D
ctip -6(WY) (9904).01 Page 8 of 15 Form 3051 3/99
661£ L 50£ wa0J e t 40 6 e6ed
0
L0'117066) (AM)9
5IYt7 2Z ILI8
sup $uiugts -oo St (s) 3au2ts -oo„ u) alOf 3141 alnoaxa Jou saop lug Juatutulsui iilpnoas sail suSts -oo
o1M 3aM011og ICu8 `IanamoH •re1anas pus lutof aq huts /Cli nsti pus suot182igo s,3aMo33og 1811 saaJ58 pug
slueuanoo aaMO.iiog •punog sufissd pun s.Ossaaans 1saauSts -op :A;titgen pianos putt lutOf •£t
•Apatua3 so lt5ti ,Tug jo aspiaxa all apnpaid
10 JO 30nreM s aq 1011 'tugs `anp Tall Juno= aril 118141 ssat sumo= 11t 30 1am033og 3o Jsaialui tit SJOSS33311s
3o satltlua `suoslad pitt1 11033 sluatuhd jo aoueldaoo8 s,.iapual `uo11811tuti inotgtM `2utpnput Apautai
JO 1112ti Aug 3utsplaxa tit 3apuaj Aq a3u838ag1o3 'Cud •.iaMOZiog 3O lsa1alui ui s3Oss333tIS Iiuu 3o a0MOJI0H
'sui51.10 apuui pu8uiap ,iu8 jo uossa3 ,iq luatutu sui Alpnoas sup pamoas sums affil jo uotii zlpouln
i3tpotu astMaaglo JO 1u0uiAEd 303 014U11 puma of asnjal of 10 3aMO33og jo 1satalui ut 308saoons Xus
1sutsas s2utpaaooid aouauluioo 01 paitnbal aq iou jugs 3apuai •30M033og jo lsa1alui ut siossaoons An 3o
3aMO3log jo Ammeti 3141 asuaia3 01 a183ado Jou'tugs 3oM013og 3o 183.131111 ui 30ss030fS Cu tb JO 10mo33og o f
lapua-i palti8JS luauin3lsui Alpnoas sup Aq pamoas sums all 3o uotlsztuoinv 3o uouso j!Potu 3o luauiiisd
303 auip al1 3O uotsualxg •aant8M tt loN aapual SR aaueieagaog :paseaiag loN .10MM0a.10g •Zj
•Z UOI100s 111 303 p0pin03d 3aplo aril ut patidds
aq hugs (uadoid all 3O 3redal to U0Rel01s0l of patidds 1011 aI8 18ti1 spaaooid snoau iid
zapuari of ptgd aq 118ts pub pau5tsss Agai q 338
Auado1d all tit Jsa1alut s,3apual 30 luatult8dtut all 01 aigsingta118 31818141 sa5stubp 303 uirep 3o p38M8 SUE
jo spaaaoid 3UJ •luatunhisuI Amon sup 3apun 5142p to ,ipado.id all 111 Jsalalut s,3apual jo luauutsduit
Ispal8ui latlo 30 11.13d0.1d 0I11 jo aJfTta33o3 sapnioaid luaudpnf s,3apua-i tit Ism 5ut(tu b 141tM passnustp
aq Ol 2utpaaooid 10 11ot138 3tl gutsn83 ,Cq `61 uouoa8 tit paptnold s8 alblsuial `p31ln330 suit 001181313038
ji `pug 1in83ap 8 tons aim 1183 iaMO.uog •luatuniisuJ Aginoas sup lapun 811141 30 ii1.10dOld 01.11 111 1saialut
s,lapuai 30 luaUuteduit 18p318tu 3ag10 30 i1.13d01d 3111 3o a1n2tajlo3 ut linsa3 moo `luatuSpnf s,3apua1
tit `18141 un ?aq st `Isuttuil3 10 unto Iat1a14M `3utpaaoo1d 3o 1101138 dCue 31 1in83ap ut aq Ire1s 13M033011
spaaooid snoausua3stJ 4 01 p1823.1
tit uotlOs 3 lt$p a Set .IOMO.iaog 111014M 1SIIIE28 A138d aril I0 spaa303d sn0au81i3osm .I3M0110g saMO 18141
illsd p31t1 3141 stream „/Curd 5utsoddp„ anp uatl 1011 JO aa141a14M `luautnilsui 1Clpnoas sup kg pamoas sums
alp 01 JO Auado1d 314130 zt8da.i 3O 110128101531 01 la14113 spaaao1d snoausu3351JAl all Aidd8 pub J3a "o3 01
pazt1otlns st 3apual `uant2 si 3311011 at2 3181) at1 33138 s[Cup p£ uttl1M 3apu3-i of puodsai of sue3 lamo1log
`sageUrep 303 UI(81) 8 011135 01 pIRM8 Lis 3318111 of sl0330 (aoualuas 1x311 3141 tit pautjap sg) Aim Sutsoddp
3141 18141 IOMOZxog of lapua'i Aq aotlou 33138 `3i 3o `.IaMO.uog ,Cq pauopusgs St 1ivadold 3141 3i
anp uag1318 stuns 31(1 1011 30 3at1a14M luatutuls11J iilpn3as sup pamoas
sums 3141 01 patidds aq "8148 spaaooid snoausliaosm 3142 `$utlt1M tit 03158 astM.Ia1410 lapuari pus J0M0130g
ssalun 'anon ut ssoi 10 `uotl3naisap IU13i81 mind aril alojaq IC1a1stpatutu1 pa.mOas stuns all 3 mows
a141 U8141 ssai st anren ut 8801 10 `uop3nllsap `SuDrel 1811.18d all alojaq dpistpatuuit filmdom at13o awn
233(1811 3183 31(1 113111M 111 tCpadold a141 JO 3111EA 111 ssoi 30 `uouott lsap `Wiipt81 Igtped 8 JO Juana a142 U1
•3aMQllog 01 pt8d aq 118148 aousisq Auy •an'en 111 ssoi 30 `uotlon3lsap `3u13(81 I81138d all alojaq Alal81patutut
'Cuadold am 3O amen Javetu It83 all (q) ,iq paptntp antun tit ssoi 30 `uo(JOn31sap Iupi81 (8t138d
at1 alojaq iiialutpaulutt pamoas stuns all 30 mows 'slot all (8) :uoi13813 2 utmoiiO3 3141 q patidtiintu
spaa301d snoatreua3sty4 all 30 lunotu8 3141 Aq pa0npal aq Huts luaunuisui ilunoas sup iq pamoas
sums all `SulhM tit 331$8 as1M3at10 Japua 1 pub 3aMO33og ssaiun `anion tit ssoi 30 `u011ontlsap `5upte1
(8(118d all alojaq AIaletpatutut luatufJlsui 'Clunoas sup ICq pamoas sums aim 3O lunotu8 3141 u8tl 3a18312
30 01 rent* st amen tit ssoi so `uotlon3lsap `2uptel retpsd am =jail A(al8tpatuult Apadold alp 3o anren
133(18111 3183 at1 totgM tit A1.tadold all JO an(en ut ssoi l0 `uojlotUJsap 'Sum ((118d 8 JO Juana all 11 i
•13MOl1og Ol pled `,1118 31 `ss33x0 at1
1411M `anp Tall 1011 10 lama4M luatutulsu1 /Cltln3as stip pamoas stuns all 01 potidds aq Tuts spaao03d
snoatreua3styS1 31(1 `Apadold all 3o anren tit ssoi to `uop3n11sap `5 (8101 8 3o Juana all ui
•Z uopoas tit 103 paptnold lapio all tit patidd8
aq iibls spaao03d snoatreuaostyq tons •13M011Og 01 pred `Au8 3t `ssa3xa all t1tM `anp Tall 1OU l0 3a12a14M
O C6
1,3 9 0
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 inspection and valuation fees.
In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific
fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge
fees that are expressly prohibited by this Security Instrument or by Applicable Law.
If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so
that the interest or other loan charges collected or to be collected in connection with the Loan exceed the
permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the
charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted
limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal
owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the
reduction will be treated as a partial prepayment without any prepayment charge (whether or not a
prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by
direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out
of such overcharge.
15. Notices. All notices given. by Borrower or Lender in connection with this Security Instrument
must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to
have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's
notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers
unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address
unless Borrower has, designated a substitute notice address by notice to Lender. Borrower shall promptly
notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's
change of address, then Borrower shall only report a change of address through that specified procedure.
There may be only one designated notice address under this Security Instrument at any one time Any
notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address
stated herein unless Lender has designated another address by notice to Borrower. Any notice in
connection with this Security Instrument shall not be deemed to have been given to Lender until actually
received by Lender. If any notice required by this Security Instrument is also required under Applicable
Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security
Instrument.
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
8171 2324515 0
Cao -6(WY) (9904).01
Page 10 of 15
Initials R Q
Form 3051 3/99
66/£ L90£ wioJ
0
U g s1e)3!w
9L{O tLaBed
LO (4066) (AM)9-�
9 TLT8
VdS31I uotleuuojut zaipo 'WE pue apetu aq pings sluatu ed gomm o; ssazppe am `zaoinzas ueaI matt
alp 3o ssazppe pue auteu 0113 awls HIM go111M a3uego ammo aoilou uallUM uant5 aq 11M zamoz1og `zaoinzas
ueori ag13o a8uuto a s1 aza1113I •a1oN 011130 is r o; pamazun zaopuas tteo'I at 130 sa2uego 0z0W JO QUO
aq 1g2iut oslu ant!' •Mwl ajgeojddd pug 'luawnzusul Al sup 'a1oN 0111 zapun suopu2Hgo 2uto!A1as
mot aSg3uzoui nip suuojzad pug luaumusui ,il spy pug mot am zapun anp slu0cuIird otpouad
spoaHoo iugl „zaotmas uuo-I„ 0111 ss umoul) r(1!1ua am uI aSuego a ui 1lnsaz lggnu airs d •zamozzog
01 0011011 zoud 1nog3IM sautil azout JO auo pfos aq ueo (luatunzlsui Alunoas sup glint za aloN alp
ui lsazalui Tetlzud a 10 a10N ate, aauuAaup 3o aal ;olg :aaminaaS ueoZ JO aBueg3 :a;oN 3o airs •0Z
•81 uoiloas zapun uotlezalammu jo asgo alp ut Aiddu
mu hugs alulsuia1 o1 1g$u sup `1 AOM0H pazznmoo pug uoileialaooe ou 3i se an i11t13 utrtuaz hugs
Agazaq paznoas suopr5Hgo pug 1ttaumzlstH A1Tznmas sup `11mozzog 1uatualelsulaz uodn •zaJsUez,I, spung
oluozloalg (p) 10 :i(1pua z0 iiltiglttatutulsul `ICoua2r fezapa3 paznsui azg susodap asogm uoilnlilsui ue
uodn umgzp si aloago lions nitre papinozd '3100110 s,1aigsro JO )imago s,zamsrazu 'imago lueq 'ppmat o pa1Jpzao
(o) :10p10 A3uotu (q) :11sr0 (r) :zapuaZ itq paloatas sg 'stuzo3 2 u!MOIIo3 agl 3O 0.10111 10 0110 ui sasuadxa
pue sums luatualelsutaz 'ions iced 10Mo11o11 1g111 agnbaz rirw zapua' •pa &uegoun anupuoo hugs `luatutulsui
lunoos s1111 sq pamoas sums 0111 )(Ed o1 uo1g21lgo s,zam0zzog per luauuulsul Alunoas sup zapun s1q$I1
putt Al1odozd am ui Isamu!! s,1apua1 111 'i1 aznssr o1 azinbaz Aiquuosua1 Aeut zapua7 SE ttopmr lions swirl
(p) pee :luau u1sul ICltm0as sup zapun s1Ti$tz putt Alzadozd am 11! Isamu! s 2upoalozd jo asodznd
0111 zo3 pazznoui saa3 101410 per 'saa3 uotlunfun pug uopoadsui Alxodozd `saa3 ,siiatuofe aiquuosua1 `01
P0111111 1nq Tuipnlout 'lttatunusul ,ilunoas sup 2ttt0103ua ut pazznoui sasuadxa t1r sAgd (o) :sluatuaaz2e
10 sluguanoo zag3o Atn; jo lln13ap Aue sazno (q) :pazzn000 pug uoile1alaooe ou 3i se aIoN atp pug luatunzlsui
i(lun0as sup zapun anp aq mom uatp goi'iM sums iHu zapua'J spied (e) :1oMo11og 1841 an suoilipuoo
aso11,I, •luaumzlsul iilunoas sup 2uiozojua luatu2pnf a 3o Aiwa (m) z0 :alelsutaz 01 14211 s,zamozzog
3o uoilrunuzal alp 103 AJioads 1112!W Mgt ajgsoilddd su polzad zaglo 'ions (q) :lua11tnzusui Xliznoas sup
uT pauirluom ales 3o zamod fug 01 luensznd Auzadozd ag1jo ales =jag s,(rp ani3 (u) :jo 1saiTzua am 01 loud
aunt iiuu 111 panuiluoosip 1 oumusul ,i1Tzn0as sup JO luauiaozoJua am o1 1g$tz 0111 angg Hugs 10M0110H
`suoilipuoo utu1133 maul zamozzog 3j •uoi ;eaalammd .ia; ;d a ;g ;sulag o; 2113 s •61
•z0MOZZOg 110 puuutap 10 aopou zaguznjlnotptM luauzrulsul Alun0as
sigl At pallnuzad salpatuaz Aug a3Tonul drug zapual polzad sup 3o uopezldxa a111 01 mud sums asatp
1fed o3 sjtr3 10MO.uog 3I •luaumzlsul ,iljznoas sup iq paznoas sums HE pied ism zamozzog 110igM uitlliM
Si uoiloaS 111IM aouepl000e uI 110nt2 Si a3t1011 0111 alep am 1tt0z3 s,Cep OE uEgl ssaf loo JO polzad a apinozd
flogs a0110u 011,4, •uopezalaoou JO 0011011 10M0110H 0ni2 i1r11s zapua1 `uotldo sup sasiozaxa zapuol 3I
afggoltddd
gig paugigozd si asi0zaxa lions 3i lapua^1 Aq pasiozaxa aq 1011 Hugs uopdo spy `zanamoH •luatunzlsul
AlunoaS sup Sq paznoas sums He 3O HT ut luatu1ird aletpatulul azmbaz Amu zapua7 `3uasuo3 ual311M
mud s,zapua' lnotmm (pazzaJsugzl zo Nos sI zaMO.uog 111 1Saza3ul lriopauaq u putt uoszad igznuru a Sou s1
zamozzog 3! 1O) pa1z0Jsuezl JO Nos st Alzadozd ag1 III Isamu!' Niue JO X110dozd 04130 1.1ed ditte 10 HE 3I
•10sg11oznd a Ol 01r1) aznln3 g 1r zamozzog Aq app Jo za3stnz10111 sI gol1M 3O maul! 0141 'lualuaaz$g Mozosa
JO 10E111100 sales luatuHelsui 'poop zo3 loez3u00 'poop 101 puoq r uI pazzaJsuezl slsaza1U1 1et013auaq asogl `01
p0311u11 1ou lnq `2uipnlout `X1zadozd ag3 uI 1sa103ul 11toljauaq JO 1E20j Wu sttraut „iilzadozd 01111 u! 3501 01uI„
'gl uoiloaS sup uT pasn sd •aaMOaaog ul pony!' lela!Jauag a ao ,i ;aadoad 0143 3o aaJsuea,L •81
•luauzlulsul i 3unoas sup jo pug a10N 014130 Adoo auo uant2 aq i1ugs z0MOZZOg •,idoD s,aamoaaog •L1
•uotloe Alm a3Tu1
of uotlg2tjgo ,cur lnogl!M uojlaz0s1p 01os sanl2 „,igut„ !mom a1j3 (o) putt :eszan ao!A putt Tumid am apnloui
pug ueatu 11ugs zuln2uts 0 41 ut spzoM (q) :zapua2 auiutlua3 alp jo spzoM JO spzoM 101nau 2ulpuodsauoo
apnloui per mom Hugs zapua2 aullnosgtu alit 30 spzoM (u) :luatunzlsul i(liznoas sup 11i pasn sd
•uoislnozd 211i10!JJ1103 0141 11101411M 1oa33a uant2
aq ego 1.10i 'iM 010N alp z0 1ua111nz1sul Iflun0as s1Ti13o suoistnozd za'i3o 10a33r Sou firgs 30A3uoo Timis 'Awl
93,E
requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is
serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations
to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
assumed by the Note purchaser unless otherwise provided by the Note purchaser.
Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
individual litigant or the member of a class) that arises from the other party's actions pursuant to this
Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by
reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such
notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the
other party hereto a reasonable period after the giving of such notice to take corrective action. If
Applicable Law provides a time period which must elapse before certain action can be taken, that time
period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
action provisions of this Section 20.
21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the
following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials;
(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response
action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental
Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental
Cleanup.
Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a
Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding
two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
or other action by any governmental or regulatory agency or private party involving the Property and any
Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
by any governmental or regulatory authority, or any private party, that any removal or other remediation
of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary
remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on
Lender for an Environmental Cleanup.
8171 2324515 y r y� 0
Initials: LS
-6(WY) (99041.01
Page 12 of 15 Form 3051 3/99
66/E L S0£ wioj g ;o EL eeed
s�ei31u1
0
ID
1.0 14066) (AMl9-
ST5t7ZCZ TLI8
•guituoAm jo smut uolidutaxa
pua;satuog au; Jo anuin i(q puu zapun s ;tpp jtu saniuM puu sasuapz iamouog •saanigM •'Z
•MUZ ajquotjddd iapun pa ;iuuad st aaj aril jo �utgiugo
atp pue pazapuoi saopuos zoj /cued purl u o; pied st aa3 atp jt /tuo ;nq `luautniisui Al noas sup Sutsuataz
zoj aaj u zamozzog agzego Stu zapua-I 'moo uopupzooai Xuu Sd !tugs aamozzog •luaumzlsui AmnoaS
sup asuapz !lugs zapual 'luatunz;sul Aulnoos sign ,iq pins sums jiu jo luautSd uodn •asealau •£Z
;t o; pat ;Ima ,fjtgga; suosaad JO uosaad ag;
o; ssaaxa Sue (a) puu :;uatuna ;sun .f;unaas sir; fq paanaas stuns itu o; (q) :saaj ,s,fauao; ;g a;gmuosmaa
'o; pa;;tuij ;ou ;nq 'guipnpu; 'alms ag; jo sasuadxa jig o; (m) :aapao Suietofo3 aq; uI pa!Iddm
aq ;lmgs
is aq; jo spaaaoad aqd 'ales ,fug ;r ,f ;aadoad aq; asm Sum aaug!sap s ;I JO .tapuaZ •Mme
alquatgddv ,fq pagjxasaad aauuutu aq; uI Nos aq hugs A ;aadoad aq; puu 'ales jo aai;ou aq; gsygnd
Ilugs aapuai •Sj uol;aas uI papinoad aauurtu aq3 ui aaMO..Og 0; airs aq; 3o aai;ou aAlg jjggs aapua'
•Arturi ajggayddy q ;IM aauupaoaau ui ;uaaa33ip 3i ',f ;aadoad aq; jo uoissassod uI uosaad aq; o; puu
aaMOaaog o; asopaJOJ 0; maw! jo aa1;ou aAlg ;jugs aapua7 'airs 3o aamod aq3 sa)jOAUI aapua7 3I
•aauappna ally jo s;soa pug saaj ,s,fauao; ;m a;gmuosuaa
'o; pa;Ituq Sou ;IN 'gutpnpui 'ZZ not ;aas spy ui pappnoad saipatuaa aq; Suinsand uI paaanaut sasuadxa
tlu patjoa o; pallyua aq jpnjs aapuaZ •Mr7 a;geayddy fq pa;;jutaad saipatuaa aagm ,fur pug ales
jo aaitod aq; allonui Stu per purutap aaq;an3 ;noq ;IM ;uautna ;sun S;Ianaas sit;; Aq paanaas sums IIu
jo lln3 ui ;uatuSed am!paunui aainbaa ,feat uoi ;do s ;I ;r aapua7 'aaiou aq; uI paUtaads a ;up aq; aaopaq
.10 uo paana ;ou sI ;tnrlap aq; 31 'ales pun uoi ;raapaau o; aaMOaaog Jo asuaJap aag ;o Sue ao lnmjap m
jo aaua;sixa -uou aq; ;.Iassu o; uol ;ae ;moo u Supq o; ;Op aq; puu uoi;gaapaau as ;3g a ;jsutaa o; ;Op
aq; jo as ttonog unaomu! aa !legs aai;ou aq j •,f;.Iadoad aq; jo aims puu ;uauma ;sal S ;Iataas sir;
Sq pumas sums aq; jo uol ;maajaaam uI ;Insaa Sum aai;ou aq; ui pajlaads amp am aaojaq JO uo lima!)
ag; aim 0; amp.; 3ug3 (p) puu :paana aq ;stun ;Inupap ag; galgM ,fq 'aaMOalaog o; uanig sI aal3ou ag;
amp am moaj s,fep 0£ urq; sea! mu 'amp U (a) ;In1Jap ag; aana 0; paambaa uollau aq; (q) :;inujap ag;
(m) :,flpads !lugs aat;ou a1J •(astMaaq ;o sapptoad Mei alquoyddy ssa;un gI uol ;aas aapun uopraapaar
o; aojad mu mg) ;uauma ;sul Awning sup u; ;uatuaaagm .10 ;umuanoa ,fur jo muaaq vamoaaog
gulM011oJ uopeaataaar o; amid aaMOaaog o; aaiou anig hugs aapua7 •sanpaunag :eon ;maalaaay ZZ
:sMOtjoj SE =BR puu ltreuanoo Jammu 1opu3Z puu zamozzog •S1NVMgA00 Y1RIOdIAIf1-NON
93>
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.
Witnesses:
6(WY) (9904).01
Page 14 of 15
altlotte STEVE R. BATEMAN -Borrower
(Seal)
Borrower
(Seal) (Seal)
Borrower Borrower
(Seal) (Seal)
Borrower Borrower
(Seal) (Seal)
Borrower Borrower
8171 2324515 0
Form 3051 3/99
66/E LSOE woad
0 5T517Z8Z TLT8
:s ,f;unop
N'1OONI'1j E 6
a![9nd der °N
g L ;o g L eBed L 0117066 (AM)9-
:saitdxa uotsstuttuoD AJA
NVWS,L'da S. Nsn2ss VNV NVW1N8 2J 3AJIS Aa
sail au mpg papaimoui a sEM luauina1sut $uto$a1oJ ate,
`DNINIOAAA aivis
That part of the NE}SW- of Section 10, T35N, R119W, Lincoln
County, Wyoming, being part of a tract of record in the Office
of the Clerk of Lincoln County, in Book 234 of Photostatic
Records on page 256, described as follows
08€182)13
BEGINNING at a point on the north line of said NE4SW4,
S89 39 39 W, 28.08 feet from the northeast corner of said NE4SW
thence S00 42'42 "E, 421.68 feet, along an existing fence line,
to a point;
thence 589 39'39 "W, 208.38 feet, along a line parallel with
said north line, to a point;
thence N00 09'19 "W, 168.43 feet to the, southeast point of that
tract of record in said Office in Book 229 of Photostatic Records
on page 535;
thence continuing N00 09'19 "W, 253.24 feet, along the east line
of said tract, to a point on said north line;
thence N89 39'39 "E, 204.28 feet, along said north line, to the
POINT OF BEGINNING
Together with a right of ingress and egress and utilities over,
under and across a strip of land thirty (30) feet in width with
the northerly line described as follows:
BEGINNING at the northeast corner of the NE +SW4;
thence S89 39'39 "W, 28.08 feet to the northeast point of the
above described parcel
(66/66/Z) Z 'nap
6L1 WJOd
1.
l;pnw Jepw ueo-} uonoru }suo3 pue •6101
Ileys;ueweaJ6y ueoq uol ;ont;suo0 ay; o };uens;nd Japual Aq apew saouenpe !Iv •ApadoJd ay; uo „s1uewanwdw!
s ;uawanoJdw! ulepao ;o uononi ;suoo ay; ;o; sepino;d ;uawaaJ6y ueo uol }oni }suo0 ayl }uawngsul A;lmoag sly;
;o ped e apew pue 00U8J9;WJ sly; i(q u!aJaq peleJodJooul sl 40l4M;uaweaJ6y ueoq uol ;on.i;suo0 ay; ;o suolslnoJd
pue sw;a; ay; twit i(ldwoo o; spa ;6e (s)JaMoJJos ;uawaaJ6y ueoi uol ;on.gsuo0„ a y ;lnna;aq Alsnoaueaodwa;uoo
pa;noaxe pue ow! pa;a}ua aneq Japuaq pue (s)JannoJJOB }I '1N3W3321OV NVO1 NO110f LLSNO0 'S
1'6'806'L6$ ,laweu `a;oN ay} u! polies ledlouud ;o;unowy wnwlxew ay; paeoxa o; ;0u '(algeolldde 4!) ;uawaaJ6y
ueoq uol }onJ ;suoO ay} pue a;oN ay ;o suolslnoJd pue sum:} ay; I(q pa ;eldwenuoo se '(s)JannojioB ;o ;l}auaq ay} Jo; Jo
o; Japuaq peouenpe JellEaleg pue Mou spun; Ile a;noes !legs ;uawn;}sul /11Jnoes s141 'S33NVAaV 32Ifllfld 'P
sn ;e ;s yons u!
a6uego a wpm! pinoM go!gM 'uol ;oe Aue axle; o} 11e; Jo 'uo! }oe aNe} o} }ou (s)}ueuenoo pue (s)aaJ6e pue }uewni;sui
A;!,Hoag ay} ul paquosap Apadotd leaf ay} woJ; a }eJedes pue mamas 'I(padotd 18uostad uleivaJ !legs pue s! awoH
pam}oeinuew ay;;ey4 (s);ueuanoo pue (s)aaJ6e (s)JaMoJJo9 'pa}aldwoo pue paNiew uaaq seq Z gdeJ68Jed
•savoy paJn ;oe;nuew o; aIgeolIdde sluawaJ!nbaJ
pool Jay ;o Jo sMel 6uluoz Aue ole!o!n }ou soop ulaJay paquosap Apado;d !eat ay} o; awoH paJn}oe;nu8IN
ay; 6ulxl}}e ley} s}ueuanoo (s)JaMoJJoe •Apadotd Ieat Res WOJ; panowa. aq;ou !legs pue ulaJaq paquosap,JadoJd
lea; ay} ;o ped pue o} pexw}e i(nueuewtad sasodtnd pe Jo; pue saw!} 118 ;e aq 11egs awoH paJn}oe;nueV 041
Mel pool pue a ;e;g;apun i(pado;d 180.1 se awoH paJn;oe;nu8W ay; /}lsselo 01 IGessaoau uon8;uawnoop Aue
6unnoexa pue IenoJdde leluawu;ano6 Aue 6ulule;go '(pa;lnbaJ 4!) anll ;o a;eon!pa0 ay; 6uuapuaJms '01 pa;lwll;ou
;nq '6ulpnpu! ula;aq paquosap Apadoid lea; ay; o} awoH paJn}oe;nueytl awl() uonexllje ay} o} 6unela; suol;eIn6aJ
pue sMel pool pue a }e ;g Ile y }!M /*Iwoo o} 09.16e (s)JaMoJJoe 'pelaldwoo pue pa)itew uaaq sey 6 ydeJ6eJed 31
'3WOH a321f110Vdf1NVW Ol DNI1V1321 (S)2I3MO211108 dO S1NVN3A03
:oN a! }!l ;O a;eoy!pa0 panss! uaaq sey an!l ;o a;eol;lpa0 oN
:ppm :a�IeW
:;uawnJ}su! Aunoag ay; u! paquosap Apedotd leaf ay; uo pa;eoo1
s! yolNM'( patn;oe;nuem) aw014 paJn;oe;nuew paquosap 6ulMo11o; ay; III JaploH a}oN ;o ;one; U!;saJO;ul
/4unoas a Aq pampas ow s! a}oN 0 41 'JLLRll03S Al213d02Id 1VNOS213d SV 3WOH a321f110Vdf1NVW 'Z
:oN Gill ;o a;eon!p00 panssl uaaq sey anll ;o a;eol;lpa0 ON
000L9L l :IopoW 000/MVO :e ey j
:,,(awoH pa;n;oe;nuew„ ay a ;e ;sa !eat aq o} pawaap Alan!snlouoo aq Heys uonexl}}e pue;uaweoeld
uodn Jo s! awoy paJn}oe;nuew golynn 'paquosap MolaqulaJay se 'awoy patn;oe;nuew e eq Aew Jo s! 6 ulllaMp
golynn '0001944 pa;eoo1 aq 04 Jo uodn pa;eoo1 6ulliaMp lenuaplsaJ Aue uone}lwn ;noy ;Inn 6ulpnpul 'Apado;d
IeaJ paglJosap anoge ay; uodn pa;eo01 Jo 04 pexl;;e 'uodn pa;onJ;suoo s}uawanoJdw! Ile y;lM.101440601„
:6ulMoIIo; ay; ;o uonlppe ay} i(q papuawe s!;uawnJ;sul
Aunoag ay} ul ypo; ;as Apadojd 180.1 ay; ;o uol ;diiosep
(uonduosea 18691) V 4!q!gx3 payoe;}y pas
}e pa ;eoo! pue;uawnJ;sul A;unoaS 944 u! paquosap /tpadotd ay} o} 6u4el9t pue „eloN„ ay});oatay
a;ep awes ay; ;o (,,JapIoH a;oN„ ay}) uonetodto0 aoue}daooy pooMr0 0; a ;ON /Goss!woJd s,JOMOJJO8 aJnoas o}
„(s)JaMoJJOB„ ay}) peu6ls;apun ay} Aq uen!6 ;oanay amp awes ay; ;o „}uewnt;su! I( ;!,Hoag„ ay;);uawnJ}sul A;unoaS
-WO Jo Ism_jo poop 'a6e6poyi Ulepao;ey; luawalddns pue puewe o} pawaap eq 1184s pue ow! pa}eJOdtoou! sl
PU8 000Z 'N380100 40 /ep 90 sly; apew s! 2130121 NVO1 NOI13f1211SNO3 aNV 3WOH a32If110VdfNVW SIHI
f :I S fi n
0 41 'Al213d02Id 1V321 d0 NOIld12IOS30 ®'1
1N3Wf1211SNI A1I21fO3S 213H10 JO 1Sl211 AO ma
`391/01210W 3H1 012I3ai i
NV01 NOI1Of1211SNOa aNV 3WOH a32Il1abdflNWJ
W.JC& 91.3
be an indebtedness of Borrower(s) secured by this Security Instrument as amended. The Security Instrument
secures the payment of all sums and performance of all covenants required by the Lender in the Construction Loan
Agreement. Upon the failure of Borrower(s) to keep and perform all covenants required by the Lender in the
Construction Loan Agreement, the principal sum and all interest and other charges provided for in the Note and
related loan documents and secured hereby shall, at the option of the Lender, become due and payable.
Improvements to protect the security of this Security Instrument, up to the Maximum Amount of Principal of the Note,
shall be treated as disbursements pursuant to the Note and Construction Loan Agreement (if applicable). All such
sums shall bear interest form the date of disbursement at the rate or rates stated in the Note.
7. ASSIGNMENT OF RIGHTS OR CLAIMS. From time to time as Lender deems necessary to protect Lender's
interest, Borrower(s) shall, upon request of Lender, execute, acknowledge before a notary, and deliver to Lender,
assignments of any and all rights or claims which relate to the construction on the Property.
8. BREACH BY BORROWER(S) OF CONSTRUCTION LOAN AGREEMENT. In case of breach by Borrower(s) of
the covenants and conditions of the Construction Loan Agreement, Lender, at Lender's option, with or without entry
upon the Property, (a) may invoke any of the rights or remedies provided in the Construction Loan Agreement or (b)
may accelerate the sums secured by this Security Instrument and invoke any of those remedies provided for in this
Security Instrument, or (c) may do both although failure to exercise any of its rights and remedies at any one time
does not mean a waiver.
9. TERMINATION OF CONSTRUCTION LOAN AGREEMENT UPON COMMENCEMENT OF PERMANENT
FINANCING AMOUNT. After completion of all construction, disbursement of all loan proceeds and the
commencement of amortization of the "Permanent Financing Amount" under the Note the terms of the Construction
Loan Agreement shall be null and void, and there shall be no claim or defense arising out of or in connection with the
Construction Loan Agreement against the obligations of the Note and this Security Instrument.
10. SECURITY AGREEMENT AND FINANCING STATEMENT. This Security Instrument shall be a security
agreement granting Lender a first and prior security interest in all of Borrower's right, title and interest in, to and
under any personal property "Personal Property") which under and within the meaning of the applicable State laws
is and cannot be classified and considered real property, if any. In the event of any foreclosure sale, whether made
by Trustee or a substitute trustee, or under judgment of the court or pursuant to a power of sale, all of the Property
and Personal Property may, at the option of Lender, be sold as a whole or any part thereof. It shall not be necessary
to have present at the place of such sale the Personal Property or any part thereof. Lender, as well as Trustee or
any substitute trustee on Lender's behalf, shall have all the rights, remedies and recourses with respect to the
Personal Property afforded to a "Secured Party" by the applicable State laws in addition to and not in limitation of the
other rights and recourse afforded Lender and /or Trustee or any substitute trustee under this Security Instrument.
Borrower(s) shall, upon demand, pay to Lender the amount of any and all expenses, including the fees and
disbursements of Lender's legal counsel and of any experts and agents which Lender may incur in connection with:
(i) the making and /or administration of this Security Instrument; (ii) the custody, preservation, use or operation of, or
the sale of collection from, or other realization upon any property, real and /or personal, described in this Security
Instrument, (iii) the exercise or enforcement of any of the rights of Lender under this Security Instrument; or (iv) the
failure by Borrower(s) to perform or observe any of the provisions or covenants in this Security Instrument.
Lender may, at ifs election, at any time after the delivery of this Security Instrument, sign one or more copies of
this Security Instrument in order that such copies may be used as a financing statement under the applicable State
laws. Lender's signature need not be acknowledged, and is not necessary to the effectiveness hereof as a deed of
trust, a security agreement, or (unless otherwise required by applicable law) a financing statement.
11. RESPONSIBILITY FOR IMPROVEMENTS. Lender shall not be responsible for the Improvements or their
completion and shall not in any way be considered a guarantor of performance by person or party providing or
effecting such Improvements.
12. TRANSFER OF NOTE AND SECURITY INSTRUMENT. In the event Lender sells, transfers, and assigns all or
some of Lender's right, title and interest therein to the Federal Home Loan Mortgage Corporation or the Federal
National Mortgage Association, or in any event upon the execution by Lender of an affidavit to such effect, the
provisions of paragraphs 4 through 7 hereof shall have no further force and effect.
Mfg. and Construction Loan Rider Mullti 2 Form 479
Rev. #2 (2/19/99)
93,
(66/61./Z) Z #'nail
6L.17# WJOd
JBMOJJO9
(►eOS)
JeMOJ1o9
(leas)
OP 6
Q om
grits! -Japlj ueo uoporuasuo3 pue •6 ;t4
JOMOJJO9
(IeeS).
J$MOJJO9
(leas)
Aep
5
sly} pa ;nOax3
;uewn4suI A}unoes sly;
;o }Jed e sl uolslnoJd algeaoJo;ueun Jo le6anl 'pllenul Lions j! se p3OJO3Lue JepuleweJ ay; pue }uOwnJ;sul Allmon
sly; woi; peienes eq Deus suolslnoJd algeeoio;ueun Jo le 'pllenul Lions ueq; 'uolplpsunf ;ua;adwoo ;o pnoo e Aq
algea3Jo;ueun JO Ie6a441 'pllenul paJeloap Si;uewnJ;sul A;unoes sly; ;o uolslnoJd Aue 11 'SNOISIAOad OI1VANI 'b6
•a1e;sulaJ
pue awn o;;yOu s,JaMOJJo9 o} 6ul ;eloi lZ gdei6eled ;o suolslnoJd 9q1 pue g `Z sydeJ6eJed :(uol ;eloossy e6e6}Jow
ieuol ;eN IeJaped JO uol }eJodJO3 e6e6pow ueo awoH Ielapad au; }o s;uewailnboi ay; wail peusln6u4slp se)
pe;eool sl ,JadoJd ay} 9101M a ;e ;g ay ;o sMel ay; o; }uensmd paJlnbw eJe sydeJ6eJed Lions ;o suolslnoJd ay} [111]
Jo 'enl ;00}40 eie ;oweq; uoipod Jo sydeJ6eled Lions ley} }oege ay; o ;;lnepl}}e ue sO;noexe JaploH a }oN au; ssalun [ill
'uol }eloossy e6e6}JOW Ieuol }eN Ielaped 041.10 uol }eJodJOO e6e6}Jow ueo awoH IeJaped ay; o ;uawnJ ;sul '1unoes
pue a;oN ay} Japun;saJa }ul pue 0I }l} '146u s }I ;o ewos Jo De su6lsse pue SJO}sueW; `94405 JaploH a;oN [I] :ssalun
pue 9010; ou ;o we pue pa ;alep we;uewnl }sui 4Jnoes ay; ;o sydeJ6eJed 6 u!MoIIo3( 9 141 '9f103NHT133SIW 6
That part of the NEiSW- of Section 10, T35N, R119W, Lincoln
County, Wyoming, being part of a tract of record in the Office
of the Clerk of Lincoln County, in Book 234 of photostatic
Records om page 256, described as follows:
BEGINNING at a point on the north line of said NE4s 4(
W
S89 39'39 "4, 28.08 feet from the northeast corner of said NE*SWI;
thence S00 42'42 "E, 421.68 feet, along an existing fence line,
0891.3
to a point;
thence S89 39'39 "W, 208.38 feet, along a line parallel with
said north line, to a point;
thence NO0 09'19 "W, 168.43 feet to the, southeast point of that
tract of record in said Office in Book 229 of Photostatic Records
on page 535;
thence continuing N00 °09'19 "W, 253.24 feet, along the east line
of said tract, to a point on said north line;
thence N89 39'39 "E, 204.28 feet, along said north line, to the
POINT OF BEGINNING
Together with a right of ingress and egress and utilities over,
under and across a strip of land thirty (30) feet in width with
the northerly line described as follows:
BEGINNING at the northeast corner of the NE *SW4;
thence S89 39'39 "W, 28.08 feet to the northeast point of the
above described parcel