Loading...
HomeMy WebLinkAbout868407AFTER RECORDING MAIL TO: Major Mortgage 202 Carey Ave Cheyenne, WY 82001 LOAN NO. 0 868401 c BOOK 452 PR PAGE 2 1 6 RECEIVED GO S1 e Above Thls Line For Recording Data] MORTGAGE THIS MORTGAGE "Security Instrument is given onS e p t e m b e r 15, 2 0 0 0 The mortgagor is Dale Offret Jr and Erin Offret, Husband and Wife "Borrower This Security Instrument is given to Major Mortgage, A Wyoming Corporation 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 Seventy Seven Thousand Six Hundred Dollars and no /100 Dollars (U.S. 7 7 6 0 0 0 0 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 October 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 of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender, with power of sale, the following described property located in Lincoln County, Wyoming: Part of Lot 1 of Block 29 to the Town of Afton. Lincoln County. Wyoming being more particularly described as follows: BEGINNING at a point 5 rods and 12 1/2 feet South of the Northeast corner of said Lot 1: thence South 4 rods and 4 feet; thence West 6 rods; thence North 4 rods and 4 feet: thence East 6 rods to the POINT OF BEGINNING. which has the address of 530 Adams Street Afton [Street] [City] "Property Address Wyoming 8 3 1 1 0 [Zip Code] 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 seised 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. WYOMING— SINGLE FAMILY FNMA/FHLMC UNIFORM INSTRUMENT FORM 3051 9/90 ISC /CMDTWY//0491/3051(9 -90) -L PAGE 1 OF 6 0 '6s4UE LOAN NO. 061264 WYOMING- SINGLE FAMILY- FNMA/FHLMC UNIFORM INSTRUMENT FORM 3051 9/90 ISC /CMDTWY //0491/3051(9 -90) -L PAGE 2 OF 6 217 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. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum "Funds for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, many; and kf)` any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C§ 2601 et seq. "RESPA unless another law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one -time charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Lender's sole discretion. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument. 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 5. Hazard or 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 floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and 9 AO 3OVd 1-(06-6) L90£ /L6b0 /AM.LOWO /OSI 06/6 LSO£ WdOd IN3Wn2l1SNI WLIOdINn OW1HdNWNd- A1IWVd 319NIS- ONIWOAM /(q pop!Ao.1d (se .1lnbe.1 .1epuei 40144 spoiled 8144.104 pue Iunowe ay; ul) 06e.1enoo eoue.1nsul o6e6pow ll `Jepu0-1 to uolido eq 1E 'p0 .1inbei eq aa6uol ou i(Ew s ;uew/(Ed 0MOSOJ sso •eoueansul e6e6l.1ow to noil uI e&JeseJ ssoi E se sluew/(Ed esegl uleleJ pue esn 'Ideooe Illnn .1epue •toe a uI eq o; peseeo .10 pesdel e6E .1enoo 0oueinsul eqj ua4M JeMoa.1og /Kq pled 6u1eq wniwe.1d eoua nsul e6e6pow /(pee/( eq to gmeM1 euo o; lenbe wns e yluow qoee aepuei o; /(Ed Heys aeMo .1 .1og 'elgepene Iota s1 e6eJenoo 0oueansul o6e6i .1ow iuelenlnb0 Ainueisgns 11 .1epue- /(q peAoadde JeJnsul 06e6laow elewelle uE woal ;00;18 uI i(Isnolneid aoueinsul e6E6l.1ow .1eMo .1.1og o4 Isoo ay; oI lueleninbe I(pellueisgns Isoo E;E `;001 ;a ul /(IsnoinaId 0ouE.1nsul e6E6pow 844 o;;u0leninbe /(pelluelsgns e6Eaanoo (AR A° of pealnbea swnlwead ayi /(ed Heys JOMOaaog 'mile ul eq of seseeo .10 sesdel .1epue /(q pe .1lnbe.1 e6eJenoo 0oueinsul e6E6pow eql `uosee.1 /(uE .10 ;'11 °1091 ;a u1 eoueansul e6e6i.1ow eyi uiEluiEw of pe .1lnbe.1 swnlw0.1d eyi Aed Heys aaMOaaog `luewnaisui /tlpnoes slyi /(q pa .1noes ueol eyi 6upjew ;o uolilpuoo E SE eoue.1nsul e6E6laow pe .1lnbe .1 .1epu0i ;l °aougansul 56e6iaoNl •g °luewAed 6ulnsenbei JeMOaaog of Jepuei wo .1l 0oliou uodn 'iseJe1ul yilM `e ge/SEd 0q Heys pue e J eioN eyi lE wewesangslp to amp ayi woi 1seae4ul ieeq Hugs slunowe eseql luewi ed }o =Jest aeylo oI a8 .16E aepuai pue ie oa.1og sselun •luewnilsul /(1!.1noes SIg4 Aq peinoes aeMaaaog to lgep leuolilppe 0woo0q Heys L ydeJ6eJed slq iepun Jepue Aq pes.1ngslp slunowe /(uy •os op of enuq iota seop aepu0i 'L LideJ6eJed s14I iepun uolioE e)tei Amu Jepuei g6noglly •s .1lede.1 0New of /(i .1edo .1d eyi uo 6ulaelue pue seal ,sAewone eigeuose0a 6uiAed 'lanoo ul 6upeedde 'luewnjsul /i!.1no0s s114i.10no /(il.1olad sey yolgM u011 E /(q peino0s swns /(ue 6u!/(Ed apnpul /(Ew suol1OE s,aapuei °Apedoad 8144 uI s146p sdepuei pue /(p0do .1d ayi l0 0nien ayi loe;o.1d of &iesseoeu sl Jenelaim aol AEd pue op i(Ew iepu0i uegl '(suollE1n6eJ 10 sMEI eoao;ue 01 JO eJnileJJol io uo11Euwepuoo.1o} 'alegaad `/(oldn.olueq uI 6ulpeeooad E se Lions) Apedo.1d 8144 ul slg6u sdepuei 1Oe11E /(liueo!1l4s stew legl 6ulpeeooad le6el e sI amyl ao 'luewniisul ilunoes slyl ul peuleluoo slueweeJ6e pue slueuenoo ayi w .1oped of s11Ei J9MOuog 11 •Apadoad ay; ul sly6la e,Jepuei to uoiloeload *L •6uiitJM u1 .1e6aew eyi o1 see.16e aepue sselun e6 .1ew lou Heys elm eel eqI pue piogeseei eqI 'Apedo .1d eyi 01 elill eel seiinboe aeMOaaog ll •eseei ay1 }o suolslna.1d ayi Ile yilM idwoo ii54s aeMauog 'plogeseej e uo sl luewnalsul A unoes slyl 11 •0oueplsei ledloulad e se Apedo.1d ayi l0 /(ouedn000 S,aeMaaaog 6ulweouoo suolleluese .1de.1 peilwll Iota inq `6ulpnpul `eloN a (41 /(q peouepine ueol ayi yi!M uol400uuoo u! (uo14ew.1olul ie elew /(ue (441M aepuei epinoad of pe le .1o) .1epue oI S4U0weiels .10 uolletwolul ele.1nooeul .10 eslel i(ilepelew ene6 'sseooid uolieolidde ueoi a14I 6upnp'Jenno .1 .1os 1111ne1ep ul eq osie Iles .10M0.1 .1og •lseaelul Aipno0s sdepue i io luewnaisui /(11.1noes s!ql /(q peleeio u0ll ayi to luewaledwl I.ie1ew J0(440 io /(pedo .1d eyi ul lseaelul s, .10MO.1aog ayi l0 eJn1lel.1ol sepnpwd 'uolleulwielep yliej pooh sdepu01 ul '4ELiI 6ulln.1 e yl!M pesslwslp eq of 6uipe000ad .10 uolioE 0(44 6ulsneO /(q `g l ydea6eand ul pepino .1d se `eielsuieJ pue 41ne }ep e Lions Dino Aew .1OMO .1aog iseielu! A4IJnoes s, .1epua luewn.1isui /(llanoes sly4 /(q peleeio u0li eyi .1ledw! Allepelew esi&.1e44o .10 Apedoad ayi to einilalaol uI ilnse.1 pinoo luew6pnf qI!e pooh s,iepue u! 45 (44 un6eq sl 'Ieu wpo .10 limo JeLpegM'6ulpaeoo .1d .10 uolioE 9.1nilelaol /(tae 1! ilnelep UI eq IIEys.1emonog •/ti.1edoid 841 uo 04s5M 1lwwOO .1O 'eleiopelep of /(I.1ado .1d 0144 Molle `A edo .1d 9144.1IEdwI .10 e6Ewep '/(o .14sep ioU Heys aaMOaaog 10 .1luo0 S puoi(aq 0 .15 (4ol(4M 4slx9 seoueiswno.1p 6ullenuelxe sselun .10 `pleggllM /(lgeuosee .1un eq Iota Heys 4uesuoO golgM '6ut4uM ul see.16e esiMJeg4o aepueg sselun `/(ouedn000 to amp ail 16011B aeeA euo Iseel le Jo; eouepise.1 ledpupd s, .1eMo .1 .1og se /(l.1edoad 044 /(dn000 04 enulluoo Heys pus luewn4sui Ailmo0s slg1 to uol4noex0 ayi .1041E sicep /(1xls ulyilM eouepls0a ledloul .1d S,J0MOaaog se ApedoJd 044 esn pue `Lisl1QElse '/(dn000 Heys aeMouog •splogesee :uolleoliddy s,aaMouog :A edoad 944 j uollOaload pue eoueuelulew `uollenaasead 'AOuedno3O '9 •uolllsinboe ayi o4 iolad /(I81elp0wwl luewnaisui i(iunoes Slyi Aq pe noes scans ayi }O 4Ueixe mu 01 .1epue1 01 ssed Heys uolllslnboe NI 01 aol .1d Al.1edoJd 041 o4 e6ewep woa} 6ulilnsa.1 spaaoo .1d pue sepliod eoue .1nsul /(us of 41461.1 s, .1eMOuog '.1epuel /(q pe .1lnboe sl /(l.1edo .1d 6144 lZ qde .16E .1ed .1epun ll °s4uewAed ayi to 4unowe ayi a6ueyo .10 Z pus I. syde .16wed ul of pa .1.1e ;a.1 sinew, ed /t1141uow 8 (4i to elep anp ayi euodlsod .10 pueixe 4ou Iles ledloul .1d 0l sp0eoowd 10 uolleolldde /(us `6ullum ul e6 .16E esIM.1eyio a0M0 .1 .1og pus iepue sselun •uen!6 sI aoliou 0111 ua(M u160q UIM pOLied /(ep -o8 ayi •anp ua144 4ou .10 JeglegM 'luewn 4sul /(il .1noes Slyl Aq pe .1noes swns /(8d 04.10 /(I.1edo.1d ay4 a .1o4se.1 .10 .1Iede.1 01 speeooad 0141 esn /(ew .1epue •spe000ad eoua.1nsul 044 4oalloo kew .1epuei u0141 'wlelo e elites 0; pe.1e1 }o sey 1011 .1E0 eoue .1nsul 8144 4544 .1epuei wo .11 aoliou E s/(ep oC ulyilM .1OMSUE IOU seop JO 'Apedo.1d 0144 suopuege .1eMo.1 .1og 11 °.1eMO .1aog o4 pled SSeOxe /(tae 44IM 'enp u0144 4ou .10 .1a44011M luewn .1isul Allmon Slyi /(q peino0s swns 8144 01 pelidde eq IIEys speeooad eoue.1nsui ayi `peuessel eq prnoM i4Unoes s, .1epuei .10 elglseel /lleolwouooe 4ou sl .1Ieda .1 .10 u0l1E.1ols0.1 0(4411 •peuessel lou sI A4Unoes s, .10pu91 pue eIglseei IIl5Olwouoo0 sl .1lede.1.10 uoileJolse.1 ayi 1l 'p06ewep /(l.1edo.1d 8141 .1lede .1.10 uol1E .1ols0.1 01 palidde eq Heys speeoo.1d eoue .1nsul '6u11pM uI 00.16E eslnn.16144o.19Ma.1.1og pus aepue- ssalun •JeMOJ .1og Aq Alidwo.1d epew 4ou }i ssol }o looid e)iew /ew.1apu61 .1epue puE .1041 .150 eouEansul eta of 00110U idwo .1d enl6 Iles .1aMO .1 .1og `ssol to wane 0141 u1 •se0l4ou IEMOua.1 pus swnlwa .1d pled to s;dleo0a IIE JOpua104 eni6 /t14dwo .1d 11eys.10MOJ .1og 'se .1lnbea .1epuel 11 •sl5MaueJ pue s0i011od 0144 ploy 01114618 (41 snug (legs .1epue i •esnep 06e6pow paepuels e apnpul Heys pue Jep19104 algeideooe eq Heys sieMeua.1 pus sepllod eoue.1nsul 11V °L 4de.16e .1ed yip eouepaoo0E uI /(laeda.1d 9144 UI sly6l.1 sdepu8140040ad of 86EaenoO ule4go `uol4do s, .1epu0i 4E 'Aew Jepuel `eAoge pegposep 06E .10noo ulelulew of site} aaMOJ .1og 41 •pleyyiIM Aigeuosea .1un eq lou Heys yo114M lenoadde sdepu0 of 4oefgns .1eMo .1 .1og /(q ueso4O eq Heys eou5 .1nsul 01416ulp!Ao .1d .1eluuso eoueJnsul a (41 •sa .1Inb0l JepUa1 Ieyi spotted ayi .1o} i 9 0 'ON NVO1 LOAN NO. 061264 2 1 vl an insurer approved by Lender again becomes available and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors 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 17. 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. 13. Loan Charges. If the loan secured by this Security Instrument 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 under the Note. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. WYOMING-SINGLE FAMILY- FNMA/FHLMC UNIFORM INSTRUMENT FORM 3051 9/90 ISC /CMDTWY //0491/3051(9 -90) -L PAGE 4 OF 6 9 d0 9 3DVd 1 490£ /16ti0 /AMl4W0 /OSI 06/6 4S0£ WHOA 1N3Wnd1SNI WHOdINO O1411HdNWNd- A1IWVd 310NIS-ON011OAM to eol;ou an15 (legs 4apuai •Mel algeolldde 41IM aouepJ000e ul ;uama 1p 11 'Aoadoad 841 ;0 uoissessod ul uosaad pue JOMOJJ08 0; 0sop9.01 01 149141 40 aol;ou 0A16 !legs Japue `ales to JOMOd ay; S0)fOAul Japual 11 •a3uapina a121l 1 swop pue seal ,sAauao ;e algeuoseaJ `o; pa;lw!! ;ou ;nq `6u!pnloul 'a 4de46eaed sly; u! pepinoad salpawaJ ay; 6ulnsand uI peJJnoul sasuadxa lie loGjlo3 o; peimue eq !legs Jepue "Mel algeolidde Aq pa;;lwaad salpawaJ Jay ;o Aue pue ales lo JaMOd 04; a)lonul Aew pue puewap Jay ;Jn ;nog;lM ;uawnJ;suI Allmnoag sly; Aq pampas swns 1!e 1 lln; U!;uawAed a ;elpaww! aJlnbaJ Aew uol ;do s11 ;e Japua- `a3l;ou 044 u! pallloods amp ay; aJo;aq Jo uo palm ;ou sl ;lnelap 04111 •aces pue uol ;eaalao3e o; JaMOaaoS 10 asualap Jay ;o Aue Jo ;inelap a 10 a3ua;sixa -uou 041 1J9SS0 o; U0!430 a 6u1aq o; 14614 ay; pue uol ;e4a1a33e Ja ;le a ;e;sulaJ 04 ;g61J ay ;10 JaMOaao9 waolu! Ja4;an4 Heys e31;ou ay1 •A;4adoad aq; ;0 ales pue ;uawnJ;suI Allanoag s144 Aq pampas stuns ay; l0 uo!101010330 Li! ;lnsai Aetu aol ;ou 041 u1 pallloeds a ;ep a4; a4ojeq Jo uo;lne4ap 84; amp 01 amine; 1041(p) pue :palm eq ;snw ;inelap 84; 431IM Aq `Janno4409 0; uan16 sI aol;ou 041 a ;ep ay; woal sAep Og 4041 ssal ;ou 'amp a (3) 11Inelap 044 aano o; paJlnbaJ uoll3e ay; (q) :11ne4ap 011; (e) :All3eds !legs eol ;ou eql •(es!MJaq ;o sapinoJd Mel algeolldde ssaiun LI. yde46e4ed Japun 401104010330 o; Jol4d 4ou 1nq)1uatunJ ;su! Allanoag sly; ul ;uawaa46e Jo ;UeUano3 Aue 4o goeaaq s,JannoJJ09 6u!MOIIo; uo!4eaa1033e o; Jo1Jd JOMOJ409 0; 031104 0A16 11949 Japua, •sa!pawad 1uol ;eaaIa3oV `Z :smog); se 00460 pue lueueno3 J0g2Jnl Jepue1 pue JOMoJJOg 'SINYN3AO3 WHOzINf1 'uolloeloJd IeluewuoJ!Aue Jo A ;ales '42leeg o; eleleJ 1511! pel5ool sl AlaedoJd egg mum uollolpsunf egjo SMeI pue sMel Ieiepel sueew „Me1 Ieluewuoilnu3„ '0z gdei6e4ed slgl u! pesn sy 'sleualew en113eoipeJ pue 'ep, geplewJol Jo solsegse 6uluteluoo slepelew 'slumps °!Melon 'seppplgpeg pue seplollsed olxol `slonpoid wneloijed oixol Jo elgewwell Jaglo 'euesoJo 'eullose6 :seouelsgns 6u!Mollol 042 pue Meq Ie1uewuoJlAu3 Aq seouelsgns snopJezeg Jo 01x0; se peugep seouelsgns esogl ace „se3uelsgns snopJezeH„ `oz ydeJ6eJed slgl ul pesn S .Me 1 Ieluewuonnu3 gp!M aouepJ000e ul suopoe le!pewea AJesseoeu Ile sole; Agdwowd !legs JeMOJJOS 'AJesseoeu 5! ApedoJd eyl 6ugoelle eouelsgng snopJezeH Aue 10 uollelpeweJ Jeglo Jo lenowe4 Aue leg; `Allaoglne AJoleln6eJ Jo 151uewweno6 Aue Aq pe!112ou Sl 10 'SUJe0I JeMOJJOB 41 'e6pelMou)i lenpe sal JeMoJJog g3111M 20 Mei leluewuw!nu3 Jo eouelsgns snopJezeH Aue pue ApedoJd 01116u!nlonu! Aged 0 Auud Jo Aoue6e AJoleln6eJ Jo leluewuJeno6 Aue Aq uogoe Jaglo Jo llnsMel 'puewap 'w!elo `uoge6gseAu! Aue 10 eollou UOWJM Jepuei enI6 ARdwoid !legs JeMoJJog •AlJedoJd eql 10 eoueuelulew of pue sesn IellueplseJ IeWJOU of elepdoJdde eq of pezlu600e4 Apeieue6 eJe legg seouelsgns snopJezeH lo selgguenb Hews 40 AliedoJd egl uo 06eio1s Jo 'esn 'eoueseid eq2 of Aidde lou Heys seouelues OMl 6ulpeoaid 0111 •Mei IeluewuoJ!nu3 Aue 10 uollelo!n u! s! ley! ApedoJd egg 6ulloelle 6ulglAue `op 02 8sla euoAue Mope Jou `op lou pegs 4OM014og 'AliedoJd 9L4 u1 Jo uo seouelsgns snopJezeH Aue 20 eseeleJ Jo `e6eaols lesodslp `esn 'eoueseid egg gulled Jo esne3 lou !legs JeMoJJog •seoue ;sgn9 sno pJezeH 'OZ 'Mel elquolldde Aq paJlnbaJ uoilew1olu! Jeglo Aue ulelUO3 ogle IIIM e3l1ou 0111 •spew eq pinogs s2uewAed golgM of ssa4ppe 012 pue 4eovues ueoi Mau 611210 sse.ppe pus eweu 0112 ems Him eollou eql 'Me! algeolldde pue enoge 171. gdeJ6eJed gip OOUepJ03oe UI e6uego 0112 l0 eouou Ue1lUM U0n!6 eq IIIM JOMOJJOg 'JeolnJeg veal 6g3 to e6uego 5 s! eJegi 21 •e2oN ogi 1 eies e of peleieiun Jeo!AJes ueoi eql 1 so6uego e4ow Jo Duo eq Aew osle 040 141 'luewn12su! AgJnoes slgl pue OIoN egg iepun enp s2uewAsd Alg2uow sloop° 1042 „Jeo!AJes ueoi„ 642 se uMou)1) Al!lue eq u! a6uego a u! llnsei Aew ales v •JeMoJJog of eollou Jopd 2nogiM sewn eiow Jo auo Nos eq Aew (luewnJlsul AlUn3OS sly! gl!M 401420602) OION 041 U! 2sa402u! piped e Jo OIoN 0111 •4831AJOS ueoi 4o e6ue43 1010N;0 0 1 0 9 '61. L l gde46eJed Japun uoIleaeleOOe 10 eseo eq u! Aldde lou !legs elelsu!0J o2 24614 s!yl `JenOMoH •peJan000 peg uolleJeleooe ou l! se engoege Allnl uleweJ !legs Ageieq peinoos suolle6ligo 8142 pue luewnIlsul AllJnoeS 51112 `JeMoJJog Aq 1uewelelsu!eJ uodn •pe6uegoun enulluoo !legs luewnJlsuI A1l.noes sly! Aq pe4noes swns 042 Aed o; uolle6llgo S,JeMoJJog pue Apedo.d 0112 u! s2g6u s,Jepuei `gJewnJlsul A11Jn3eS 5 !1121 0 40!18112 leg! eJnsse of aJlnbeJ Algeuoseei Aew Jepue se 40!405 tons S0)le1 pue :Seel ,S/ 0UJ0lle algeuoseaJ '02 pel!w!I lou lnq '6ulpnIou! luewnIlsul AlunOeS s!g2 6u!o.olue u! pe4Jnou! sasuadxa Ile sited (3) :slueweeibe Jo slueueno3 Jeylo Aue 10 21nelep Aue seam (q) 'paaan000 peg uolleJeleooe ou 1! se O1ON 0112 pue luewnJ1sul A11Jn3eS sly! Japun enp eq pInoM Ueyl 43!1M stuns Ile Jepu01 sAed (e) :JeMoJJog 15141 045 suoIIIpuoo 0SOg1 luewnJlsul Al1Jnoes 5!114 6UI3401U8 luew6pnf a 40 Ague (q) Jo :luewnJ15u1 A1unOes 5!111 u! peuleluoo ems 10 4eMod Aue of luensind Apedoad 04110 ales e.olaq (1uewelelsula4 Jol Alloeds Aew Me! elgeolidde s5 poled Ja42o gins Jo) situp g (s) :10 Jeirise 042 02 Jo14d awl; Aue l5 penulluoos p luawnI2sul A31Jnoes 54142 to 1UOWOOJ04U8 0A5g 0f 414614 0144 0neg !legs Janno4JOg `suoll!puoo ule1JOO sleety JeMoJJog 11 •a ;e ;sided 01146!d S,J0MOJJO8 •g •JaMOJaog uo puewap Jo eO!404 Jaglanl 1no421M luewnJlsui All moos s!42 Aq p02l!waed salpawaJ Aue a){onu! Aew Jepuei `poled s1g210 uo145Jldxe 042 02 Jo1Jd swns esa42 Aed 02 sllel J0M044og 11 •1uewnJ2sul A1!Jnoes 5111! Aq paJnoas swns lls Aed !snw JeMoJJog 140114M u1112!M papaw Jo pOJenllep S! 00!404 042 amp 042 wag site!) OE u5g1 sse! lou l poled 5 epinoJd !lays 00140U 8111 •u0IleJ0I OOe 1 e0!2ou JeMoJJog enl6115ys Jepual `uolldo 5142 S0S1OJ0x0 iepuei 11 luewnJ1sul Al!JnOeS sly; l0 6;ep 04210 se me! ISJepel Aq peigigoJd s! esIoJexe 11 Jepuei Aq pes!OJexe eq lou hugs uo!ldo S!gl 'JeneMOH •luewnilsul A21Jnoes s!gl Aq paJnoas stuns !I5 1 IIn1 U! luOWAed ele!peww! eJ!nbeJ 'uolldo sl! le 'Aew Jepue4 luOSUOO ua22UM Jo!Jd sdepuei inog1!M (uosied leanleu 5 lou sl 16M04aog pus peJJelSU541 Jo plos Sl JeMoJJog u! 4seJelu1 15I0!leueq a 1! Jo) paJJalsuSJ1 Jo Nos s! 2! u! 1SeJe ;u! Aue Jo ApedoJd eg210 !Jed Aue Jo !1 41 •J9M0aa09 U1199.19141 1e1314aua8 0.10 ApedoJd 04; 40 JO4SUOJ j 'L L •luawnJisul Al1JnOas 5111210 pus OIoN 014210 Adoo pawaoluoO auo uen!6 eq !legs 48MOJ4og •Ado3 s,JaMOaao8 '9l 0 T 90 'ON NVO1 JeMOJJ09- (IeeS) JOMOJJ09- (Ie JeMOJJO9- (1B 06/6 140E WHOA Japld ewoH puooes JapII ;uawAed AP{eeMlg Jap!d AI!wed 17 :ss Aluno° A;unoes sly; u! pains ;uoo T OM 9 0 ON N`d01 ougn tielo :rte (6u16peIMouMoe uosJed) aLLM pue puegsnH •4aJL10 (eleP) 0 0 0 2 9 T u a g w a a. d a s sly; ew aao ;eq pe6pelMoujos sum luewna;sul 6ulo5aao; a y1 U 10�U'L� [luaw6p91enowIoy Jo, aull situ mope eoedS] JegwnN A;unoaS !epos 1618 aagwnN A ;!noes lelooS 0 u .i�J 9 167 b 0 9 s 9 iegwnN A;unoeS lelooS 39u ;d0 ele0 9 AO 9 3OVd 1-(06-6) LsOE /1640 /ANUAWO /OSI IN3Wnd1SNI WHOdINO 3W1HANWNA 31DNIS ONIWOAM J9MOJJOg- (IeBS) 9NWIOAM N100NO 30 31V1S ,b JO. AjN1100 0119f1d PAWN 33)4 W 31MfY1 1 700Z `Ti Azsnusr i :seildxe uo!ssiwwo0 A U LJ pue uC 4au4d0 ale0 Aq `DNIINOAM AO 31VIS JegwnN A;unoes lelooS :sessau)!M g ;lM pepaooei pue JaMoaaog Aq pe;noexe (s)aepp Aue ul pus luewni;sui s ;ueuaAOO pue swag; ay; o; see 6e pue s ;deooe JOMoJJOg 'MO138 DNINOIS 1�g zaps aouslnsui a282l10 uap 4 l d wex3 e1 V031 [A ;beds](s)Jay ;O® Jepld ;uewenoadw! e;ed Japld uoopeg aap!d ;uewdolenea ;lun peuueld Japld ;uewAed pa;enpeiO Japld wrnulwopuo0❑ Japld amid alge;sn[py❑ [(se)xoq e'geolidde moe40] ;uewnJ ;sul A ;pnoes sly; a eie (s)Japu ay ;l ss luawnJ;sul Allmon sly ;o s;uawaaa6e pue s;ueuanoo ay ;;ueweiddns pue puewe !legs pue o ;ul pa;eaodaooul aq pets Japu Lions Lima ;o s;ueweaa6e pue s;ueuanoo ay; ';uawna;sul A;pnOeS sly; Li ;IM aay;a6o; pepaooei pue JaMOJJOg Aq pa ;noexa 8Je saapu aJOW JO euo ;I ivawna;sul AllanonS s!y} o;< saapla 'bZ •A}aedoJd ay; u! JeMop pue Asapno ;o s;y6p lie saysinbul'aa pue ApadoJd ay; u! uol ;dwexe pee;sewoy ;o s ;y6p Ile SeAI M JaMOJJOg •sa0n1eM 'EZ s ;son uol ;epaooeJ Aue Aed'legs JeMoaaog •JeMoJJog o; e6JeLO;noy ;!M;uewrujsui AlpnoeS sly; eseeie pets Japual ;uewnJ;sul A ;unoes sly; Aq paanoes swns lie ;o;uewAed uodn •asealaa •ZZ •11 o1 paid }ue Alle6al suosaad Jo unwed ayi o; ssaoxa Aue (o) pue auewnaisui Allmon sly; Aq pan scans lie o; (q) :saw ,sAauao;1e algeuoseaJ `01 pa;lwil lou Inq'6uipnlaul 'ales ayi ;o sasuadxa lie o} (e) :Japan 6ulMopol aye u! palldde aq Heys ales egjo spaeooad ay1 'ales Aue 1e ApedoJd ayp aseyoand Aew eeu6lsep s ;I ao Japua Mel algeolldde Aq paq!Josead Jauuew ay; ui pins aq !legs A}aadoJd ayp pue 'am ;o aa!lou aye yslignd !legs Japua •ti1, gdeJ6eaed u! pap!noad Jauuew aye u[ JaMoaaog o; ales aye 08C8407 MORTGAGE ADDENDUM The following is an Addendum to the Mortgage. The addendum shall be incorporated into, and recorded with, the Mortgage. TAX EXEMPT FINANCING RIDER THIS TAX- EXEMPT FINANCING RIDER is incorporated into and shall be deemed to amend the terms of the Mortgage to which it is attached. 2 2 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 tae Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwise transferred (other than by devise, descent or operation of law) by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be expected to occupy the property as a principal resident within a reasonable time after the sale or transfer, all as provided in Section 143(c) and (i) (2) of the Internal Revenue Code; or (ii) Who has had a present ownership interest in a principal residence during any part of the three -year period ending on the date of the sale or transfer, all as provided in Section 143(d) and (i)(2) of the Internal Revenue Code; (iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e) and (i)(2) of the Internal Revenue Code; or (iv) Whose family income exceeds applicable income limits as provided in Section 143(f) and (i) (2) of the Internal Revenue Code. (b) Borrower fails to occupy the property described in the Security Instrument without prior written consent of the lender oT 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. /IL cv&A. DALE OFFRET t OR Borrower ER.IN OFFI7/ Borrower MPP 210 -B (Revised 12/95) MORTGAGE INSURANCE RIDER This Mortgage Insurance Rider is made this 15th day of September, 2000 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument of the same date given by the undersigned "Borrower to secure Borrower's CONV /WCDA 2000 Series 4 5 [identify type of note, e.g. fixed rate] note (the "Note to Maj Mortgage, A Wyoming Corporation "Lender of the same date and covering the Property described in the Security Instrument and located at: 530 Adams Street,Afton,WY 83110 [Property Address] The Security Instrument is amended by adding the following at the end of Section 10 (if the Security Instrument has a form date at the lower right corner of 3/99 or later) or Section 8 (if the Security Instrument has a form date at the lower right corner that is earlier than 3/99): Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's OFFRET, D. AF 061264 Multistate Mortgage Insurance Rider Single Family- Fannie Mae Uniform Instrument C)-11R (0004) Form 3160 4/00 Page 1 of 3 MW 04/00.02 Initials: VMP MORTGAGE FORMS (800)521'7231 11 11 11 1 1 1 1 11 11 00 /b 096£ wJod J (1 aiemu► E 40 Z abed ti9Zt90 •uoi ;eutuzaa; .zo not ;giiaauua gans jo amp au; ;u pauaeaun aaaen mil suznnuaad aanuansui a &e8;aoN Sue 3o puma.' a aniaaaa o; ao /pug ',fjisanutuo ;nit pa ;sunuaa; aausansui a8e8 ;aoyv ag; aneg o; 'aausansui a8e8 ;aoiti alp jo uoi;siiaauua uis ;qo pug ;sanbaa o; 'saansoiosip uiu ;aaa aniaaaa o; 1g8ia ag; apniaui Sum s ;g81a asagy 'mu! aag ;o ,fug ao 8661 Jo ;ay uoi ;a3 ;oad saaunnoatuog ag; aapun aoueansui a3u23oix ag; o; ;aedsaa mot .fug 3d seg aa,nnoaaog s ;g8ia ag; pawl jou !um s ;uatuaaigu gans £uy •puniaa 4fuu o; aaMoaaog ai;i;ua ;ou II!AA fag; pug 'aaugansui a8e8 ;ao} J ao3 anno Him aa Anoaaog ;unotuu ag; aseaaaui ;ou iiTnn s ;uauzaaa8e clans •ueo -1 ag; 3o stun; nag ;o ,fue .10 'aaueinsui a8e8;aoyti ao3 ,fed o; paa.au suit aaMoaaog ;eg; s;unotuu ag; ;aal ;g ;ou mnn s ;uatuaa.au gans Sul( (y) :zagun� „•aousinsuia.T ant ;duo„ pauua; uaijo sT ;uauia8uezze ag; 'zaznsui agl o; pied sum -maid alp jo anus a ioi a8uegoxa ui xsiz mains!!! am Jo anus a saxes zapuai jo a ;eilljju ue ;eg; sapinozd luauzaaz8e lions 3I •sassoi 8upnpaz zo 'xsiz (17000) a 6 LAD Jv '0 '13Hii0 (g) 4.401 Rn O 8 ,Att Dale Offret J OFFRET, D. AF 11 R (0004) By signing below, Borrower accepts this Mortgage Insurance Rider and agrees that it amends and supplements the Security Instrument. (Seal) Borrower (Seal) (Seal) Borrower (Seal) (Seal) Borrower Borrower (Seal) (Seal) Borrower Borrower 061264 Page 3 of 3 Form 3160 4/00 Er •ffret 225 (Seal) Borrower Borrower