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HomeMy WebLinkAbout868600Et -EASE OF 1 61 /7- This Mortgage SEE j ftEti48E This Mortgage SEE BOOR &02,11f MORTIAFQS PA U j k) 8175842 02013625 State of Wyoming FHA Wyoming Mortgage 4/96 4R(WY) (9604).01 VMP MORTGAGE FORMS (800)521 -7291 Page 1 of 8 Initials: 1 L 868600 Space Above This Line For Recording Data] MORTGAGE WYFM- 0322 -1 f.l e t r i BOOK_ "'PR PAGE 7 v 6 THIS MORTGAGE "Security Instrument is given on SEPTEMBER 25, 2000 The Mortgagor is HOLLY D LOCKLEAR AND MICHAEL J MOSCATO LOCKLEAR, WIFE AND HUSBAND "Borrower This Security Instrument is given to WELLS FARGO HOME MORTGAGE, INC. FHA Case No. 591 0876289 703 which is organized and existing under the laws of THE STATE OF CALIFORNIA and whose address is P.O. BOX 5137, DES MOINES, IA 503065137 "Lender Borrower owes Lender the principal sum of SIXTY SEVEN THOUSAND ONE HUNDRED FOURTEEN AND 00 /100 Dollars (U.S. *67, 114.00 This debt is evidenced by Borrower's note dated the same date as this Security Instrument "Note which provides for monthly payments, with the full debt, if not paid earlier, due and payable on OCTOBER 01, 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 11 RECEIVED 11 1 1 1 11 11 l IV tt 11 U )0 7 t 111 8 o Z a6ed m Lo•ivo96) (AM)H17 •tunnuazd aouelnsur a2u51.1otu aqi .roj anp slunoung uo pasuq aq iou Amu lun000e aq1 ui algppunu air sluatuAud s,iamonog all azojaq sluamasingsip 10 sluamasingsip paludiailueun 1ol ddSg1 Aq paluuuad an.zasar 10 uoigsno aqi 1eg1 ldaoxa „ydsgg amp 01 au moll papuatup aq Auur 'i0g1 su `00S£ 1- d 2IdJ bZ `suorlurdaz &upuauralduzi puu °bas 1a 109Z uonnOas 'a'S'fl Zi `17L6I 3o rod sampaoold luamaplas alulsg luau all lapun lun000e Mo1OSa S,l0m0110g 10l pazinbai aq Auur imp lunoure urnunxuur aril paaoxa o1 Iou lunotue atu2a1 9 uu ut small Mo1OSa zoj slunotuu grog puu 1Oarlo3 `au Sue lu 'Amu zapua-I „•spun3 Molosg„ panto are lapua-I of mud stuns aqi puu „small Mozosg„ palm an small asagl `L.tplaloas aril Aq a5zutlo AItpuour all 1ol ldaoxa •Alulaloas ag1 paupuualap aq o3 lunoure arquuosuar p ui `Almaloas alp ,iq plati si luatunzlsul Alunoas sill 3i tunimaid aouulnsui a5u2nout u jo pualsui aRrego Algluour p (tt) so `Aruua'Oas a u 01 lapuai mud aq o1 tunuuald aouulnsui a2uguotu lenuue all lol urns p (i) :1ag3ia apnloui osre Begs luatuAud iilgpuotu pppa luatunllsui'1llnoas age plan lids lapuarl 3i pazinbai uaaq anuq mom tunnuaid gons gOtgM ut 1uaA Attu ui 10 „Armazoas luatudoranaa trawl pup 2uisnoH 3o 1a1oaS ag1 01 tunituald aoueznsui a2uRnotu u iced kraut lapua7 all gotgM ui 1paii Auu III •1 gduldued lapun palinbaz aoueinsui 1o3 smniurazd (0) ptre `,Clladold alp uo dual punod 10 s1uatu,ied plogaseai (q) `ifuadold aqi lsuie5u palm' aq 01 10 painal sluatussassu reloads pue saxul (u) 10j tuns p `sa$1enp alel iiuu puu aloN aril ui gua; las su 1sa1a1ui puu rediouud aqi tplm 1t103 `luamAed /Cullum goua ui apnloui TIegs 1am0110g •sa2aet10 .rag30 pan aaunlnsul 'Saxuj, 30 luaur,Csd £IU3uoI^t 'Z °aloN aril lapun anp saSI qO aluj puu aloN aqi Aq paouapina lgap all `uo Isamu! pue `3o Iudiouud ag3 anp uagM eiud ITS 1aMO11og •ag reg0 a3erl pun lsa.talul 'rndputld 30 3uaurSnd I 'SINVNIAOD 1AF IOdINf1 :SMOII03 SE aa1t pup 3upuanoO zapua-i pee zamollog •Auadoid luaz SupanoO 3uatun13sui ii3ilnoas tuloJtun p a1n1i1suoo 01 uoilOipspnf suoileuun pal?uril tp!Ak siupuanoO uuoJIun -uou puu asn ruuoileu 103 slueuanoO uuoliun sauigmoo ,LNaI1 rnI1SNI A. RIf1OaS SIH.L •piooal jo saouugtunoua Atru o1 loafgns `spueurap pup stirrup Ire lsuiu2u Anadold age 01 apt) all AIlplaua puajap III' pee siuell1M 1amo11og •piooar jo saouplgtunoua 1oj ldaoxa `palaqumouaun sr Auadold all lull puu iivadold aqi ICanuoo puu mad `a5uuour 011'0p all suq puu paAanuoo Along alplsa aq1 to pazias 1illttJMUl si 1aM011011 lull SINN■3AOO ?IaMO U' 1Og „•Auadoid„ all se luatutulsul Allmon sup ui 01 pa11aja1 si 5uudaloJ atp 3o IIN •3uatun1lsul A3ilnoaS sill icq patanoo aq osru Ilmgs suopippe pue sluatuaourdat Itd •Cuadoid aqi jo Ind a 1a3Jealal zo Mou saznlxrd puu saouuuaundde `sluatuasea Ire pue `,ivadoid aq1 uo patoala lagealag 10 Mou sluatu aq1 Ite H,LIM IlailiaOO.L „ssazppd iivadozd„) [apo0 d!z] 8Z1E8 $uiuroAM `[kG10 .us] woaa ai33 6 E Z AVMHDIH 0 S S 3o ssalppe a111 sea i3U M LETS90E0S HI 'SaMION saa 'LETS XoS '0'd ''DNI 'SJvDa1IOw SWOH OJ2iV3 S'I'ISM :ox INNS HS a'II1OHS SJNSNSJ11.LS XVJ °JNSwrnIJSNI AJIamas ASNOW HS' MO2U1d V SI SIHJ JNINNIJSS 30 JNIOd HHJ OZ IS Sat 611 HJf1OS S ONSHS JSS3 981 1SVS SONSHJ IJSH3 611 MIXON ONazi. =JSS3 SOT JSSM SORREL JNINMf111 aNFI 'JNINOXM "14•d HIS am, 30 ISM 611 SONVII 'HJ?XON (SE) SAI3 AJ2IIHJ dIHSNMOJ NSASS AJNSMJ NOIZOSS 30 aatia00 2iaxavn S HJAOS H.T. S Holi3 JSS3 OOZ 'JSSM JSS3 Zip sa ieSa 08 HJ2i0N JNINNI`JSS :2uiuro m `iiluno3 N'IOONI'I ui paleool duadozd paquosap 2u!MOfoj aril `arcs 30 1aMod g1tM zapuag aqi 01 Swam puu 3uu1d `a2u$1JOm Agataq saop 1aMO11og `asodrnd sup 103 •a10N aql puu 3uatun1lsul 'Cliznoas sill lapun sluatuaade pup s3upuanoO s,lamollog 30 LL 08f ;8 (i00 i 8 8 If the amounts held by Lender for Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall account to Borrower for the excess funds as required by RESPA. If the amounts of funds held by Lender at any time are not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and. require Borrower to make up the shortage as permitted by RESPA. The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all installments for items (a), (b), and (c). 3. Application of Payments. All payments under paragraphs 1 and 2 shall be applied by Lender as follows: First, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premium; Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard insurance premiums, as required; Third, to interest due under the Note; Fourth, to amortization of the principal of the Note; and Fifth, to late charges due under the Note. 4. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by floods to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form acceptable to, Lender. In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance proceeds may be applied by Lender, at its option, either (a) to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment of principal, or (b) to the restoration or repair of the damaged Property. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments which are referred to in paragraph 2, or change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower- shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. 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pug op Amu lapua-1 ua141 `(SUOti111n8a1 JO sM11i aozo;ua 01 10 uo1111UU1apuoo 1o; `Ao1dn1)lueq ut 8utpaaoold 11 se gons) &uadold am ut s1148;1 s,zapuarl 1003311 iipu11otdtunts view imp 8utpaaoozd 11180; SI 010141 so `IUOW uisul iCiunOas stgi ut pautuiuoo siu0tu0a1811 pug sluuuanoa 101110 Aug uuo;zad of situ; JO `Z 14d1118e111d sq paztnbaz sluawAud agi 10 sivauziCud asagi a3l111101 site; 1amo.uog 3I s1UatuA11d asap gupuaptna sldtaoal lapuari o1 gsttun; Apdulold ;lugs 1amouog lsanbaz s,lapua' uodn `Iivadold 0141 ut 1501aiut s,lapuai 1oa; ;u /Claszanpu mom /Cud of aznlre; 3I •3uaulifud agi p0M0 st 14at14M !11;110 alp o3 Alioautp amp uo suotiu8tlgo asa141 /Cud ;lugs 10M011Og •Z gd11z8111ed Ut papnput 1011 a1g lug; suoptsodut; pug sang `sa81gg° ledtatunul 10 lg1uatuuzano8 11 /Cgd ;legs IOMOUOg •B3aad0ld aq; uI slgnpj mapua' jo uolioalo.Ia pus aamoaaog O3 sanangD •L •0101atp paptlua iClle Altlu0 am 01 mud aq hugs ivauuuisul A1uno0s sup pun aloN alp lapun ssaupalgaput 2utpu11lslno Hu 'Cud o3 paztnbaz lunoul11 1111 zOnO spaaoold ssaoxa Cud •s3uatuA11d gons 3O lunoure agi 08u11go 10 `Z gd11z8u111d III 01 paua ;al 0111 10!11' 'swam/Cud di1141uour 014130 alp anp 0141 auodisod 10 81101x0 1011 ;lugs Jdpuud agi O3 spaaoold alp Jo uo1311ot;dd11 iiud •l11diOupd ;o 1U0U1ii11dald O1 ua141 pug gduz811z11d ut paptnold 10 10 0141 111 middy siunourg luanbutlap );U11 01 1szp `ivatutuisul Jiluno0s spy pun art 0141 1081111 ssaupalgaput agi ;o uot3Onpa1 aq; 01 spaa)01d dons Sldd11 11ggs lopual •iuoturuisui 13i1noas sup pun a1oN am 1apun pt11dun sututua1 mg; ssaupalgaput a14i 3o 31111011111 mg agi ;o wawa agi of lapua'l 01 pled aq ;lugs pun pau8tsse Agazag a1u `uoUutnuapuoo jo amid ut aODU,Canuoo 10; JO `Suadold agi ;0 3z11d Aug 30 8118;113 1atll0 10 u0p1utuapuoo Aug gi!M UoUOauuoo ut `lunuanbasuoo 10 loaltp `sa811tuup 103 urt11lo JO p111MU AU11 spaaoold 0141 •uollsuutapuop •9 •8111311' u; 1081st; am 01 saa1811 zapua-; ssa;un 80810111 aq iou llu14s app aa; pun plogasuai agi `Xuadold 0141 03 app aa; sazinbo11 10'0110,3 31 •as11al agi ;o suorstnOzd 0141 141!M Aldwoo ;legs 10M01z0g 'Notional 11 110 st luautnl1su; 1Cluno0s sup 3i •aouaptsaz ludtouud a su if31ado1d alp ;o iiouedn000 s,1aM0UOg BUtuzaouoo suotiuivasaldaz `01 paittutl 1011 inq `8utpnlout `01oN agi Aq p0ouaptna uuo; 0143 1411' UotioauUOO 111 (uouuuuo;ut 111!10111111 Niue giiM lapua-; aptnmid o3 pait113 1o) 1apu0rl 03 Sivatu01113s 10 UOI1Ruuo;UI a1111noou11t 10 rile; AIluuai11tu anu8 `ssaoold uopuotlddu 11110; 0143 2uunp `10MO11og ;i 111111 ;ap ut aq 0S 11 llugs 10M0110g iCiz0d01d pauopuuqu 8 ;o q stied 1.0140961 (AM)2W [4.1 0 S 3 t (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co- Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 4R(WY) (96°4). Page 5 of 8 Initials: SIBlllu) 1614 8 9 9Bed L0117096) (AM)t!ti-Cp tin3 ul pled sl luaum Slunoas aq1 Aq paln0as tgap atll uagm aleuntual iiegs A11ado1d am 3o SivaI Jo mautatsse Sp.j •lapuaJ 3o Apautat .10 1g3u 1a Sug aleptlenul .10 1jnejap Atm an1M 10 alno 1011 Ijegs slum 3o uotleotjdde ,iuy •goealq a sl mail au Aue le os op Amu .Ianiaaai palutodde AjjetOtpnf a 10 lapuaj `lanamoH •1amo11og o1 gaeaiq 3o aopou 2ulnl21a13e 10 atom Atladold ail uleluietu zo 3o Iozluoo axel `uodn Jam o1 pallnbal aq iou Begs lapual •L1 gdelaled slip .iapun S1g2u sll gutsio.Iaxa utoi3.apua -I luana.Id pjnom tegl 10e Cu g uuojiad iou ipm pue 1011 sett pug swat ail 3o luautudisse loud Aug palnoaxa lou oil iamoiiog 111=01 aql 01 puetuap uattum s uo 1uage s,lapuaJ 10 .Iapua-I 01 predun pue anp sum He iced Hells Auadold ag13o lueual goes (0) pue `Alladold alp JO swat am JO jIe anlaoal pue loajjoo 01 pallttua aq Ijegs .tapua'j (q) :luauttulsui Alllnoas aq1 Aq pamoas sums am o1 pa!Idde aq o1 `Sluo lapuai o 1gauaq 103 amsnll se 10m0110g Aq pjati aq Hells lamozlog Aq panlaoal swat lig (e) :1amo11og o1 gogazq ;o aopou sanig Iapua7 31 •Aluo S1unoas Ieuoplppe .to; luatu1121sse ue 1ou pue luaumuaisse alniosqu ue Sa1n111suoo slum 3o 2UatuaISSe sng,I, •10m0110g pue lapua-j 3o lgauaq am 1o; aalsnll se Slladold aql 3o sanuana.t pue swat jIg aniaaa.I pue 1001100 jjegs 1amollog luaut1ulsuI A111n0as ail ul matuaaJa 10 lueuanoo Aug o gogazq s,zamollog o 1am011og 01 aopou s,zapual o1 1oizd `10n3m0H •slua$g s,lapua-j JO lapua -I o1 swat aq1 Agd o1 Alladold alp 3o lueual gaea maim Sgataq pue saunanat pue swat ail loai103 0 2 sluaa s 10 lapua7 saztloglne 1amo11og •A11ado1d am Jo sanuanal pue swat ail Ile lapuaJ 01 slaJsue11 pue sOlsse Slleuo111Puooun 1amo.uog •s ;uag 30 luautualssV •LT :smoijo; sg aa1Be pue 111euan0o laqunJ lapua pue 1amo11og •SIMVN3AOD 1A11IO3INf1 NON •uolloalo1d ieluaumonnua 10 /Capes `linear o1 algja1 legs paleooi sl S11ado1d alp alagm uoiloipsiunf ag1 JO Smel pug SMej Iglapa3 sueatu „mei leluantu0linug„ `91 gdg1SElgd Sngl ut pasn sy sietlalgtu anpoeotpel pug `apAgapjeuuo3 10 solsagse Sruiulgluoo sjgllaleut `s1uanios ajtlejon `Sapp!glag pue saplollsad oixon `slonpoad tunajollad oixol 10 ajggulutgi3 laglo `auasoimi `auljosa :saouglsgns 2ulmoiio; aql pug leluatuuoltnug Aq saouelsgns snoplgzeg 10 °1x03 sg pau1ap sa)uelsgns asogl a1g „saauelsgns snoplezeH„ `9J tideland slgl 111 pasn sd •me'J Ieluatuuollnug gllm aoueplooO1 ul mope jglpaUIa1 Slgssa0au ije a3le1 Alldmojd Iietjs 1amo.uog `Slgssa0au sl A11ado1d aq1 guj10a; ;e saouelsgns snopzgzeH Acre o uollgtpatua1 1aglo JO lemma.' Aue 1Eg1 `Aluoglne £I01ejnaz 10 jgluaunuano$ Sue Aq pagllou SI 10 `sulgai 1amo110g 3j •aSpaimou E pipe sgq 1amolog g0tgm o mei Ieluauluoltnug JO a0uelsgns snopzgz1H Aue pug filmdom am 2uInjonul /cued algnizd 10 brag Alolejngal s0 jgluatuulano2 Aug Aq uotloe 1ag10 10 llnsmgl `puetuap `utlgjo `uoilegnlsanui Sue JO aopou ualll1m lapua7 ani2 Ajldu1old hells 1amo11og •Slladold aim Jo a0ueualuletu 01 pug sasn Igttuaptsal lettuou 01 aletldoldde aq o1 pazlu2o0a1 Sjjelaua5 ale Tegl saouelsgns snopzgz1H 3o sailtluenb flews 3o A11ado1d otp uo a5elols 10 `asn `aouasaid ail 01 Aldde iou ijggs sa0ualuas utpaoald ata °mil igluatuuoltnug AIM JO 110ITOIOtn ui st iegl Al1adold ag1 &ujloa ;3g gulg1Sue `op 01 asp auo1ue moIle 1ou `op lou imp 1amo11og •A110do1d aq1 ut 10 110 sa0uelsgns snopmzeH Aug 3o asgajal 10 `02121015 `jesodstp `asn `aouasaid ail ljuuad zo ammo 1011 Bugs 1amo11og •saauvisgns snopaez1H '9T •1uau11ulsuj Sllmoas slgl 3o pue aloN ag1 3o Adoo patulo;uoo auo uanlg aq jlggs 1amolog •AdoD vamoaaoui 'ST •aigezanas aq o1 pa°lej0ap 0112 aioM am pug luatunzlsui Sllmoas slgl ;o suolslnold ail pua Slgl 0J •uolsInold 2upolguoo ag1 lnogllm 1oa33a uanl5 aq 11eo g0tgm aloN ail zo luatunnsul A1n1n0as slip o suolslnold 1agmo 1oa ;312 1011 Ijggs lolguoo ions `mgj ajggolidde gllm sloll;uoo aloN ag110 luauItulsui AuJnoas salt o asnejO 10 uolslnozd Aue mil Juana alp ul •palgool s! Suadold 0111 g0tgm 111 uopojpsunf ag1 Jo met am pug mei lelapad Aq puma aq Hells luatunllsui Allmoas sig.L 'AIIIlgelanas :mgri Sutulano) 'bT •gdglaled snit uI papinold se uant2 uagm lapuai 10 zam011og o1 uann$ uaaq angg 01 pawn aq Hells luatunllsul A11m0as slit ut 1o; papinold aopou Aud •1amo11og o1 aopou Aq salgalsap lapua1 ssalppg Sue 10 u1alag pawls ssalppg s 01 jteut sop lug Aq uan!2 aq Rugs lapua' 01 aopou Suy •lapua1 01 aopou Aq saleu2!sap 1aMO110g ssalppg 1ag10 Aug 10 ssalppg Auadold ag1 01 paloallp aq hells 00pou atu, •p0g1au1 lagloue 3O asn saiinbat mgj algeolldde ssalun pew solo 1S1g Aq 1l 2ullleut Sq 10 11 2uilanliap Aq uani2 aq Hugs luatututsuj Allln0as situ 111 103 papinold 10mo1zog 01 0011011 /Cud •S00I ;oN '£I U 3OUQ 79 2 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law. Lender shall give notice of the sale to Borrower in the manner provided in paragraph 13. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by applicable law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 "Act (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument without charge to Borrower. Borrower shall pay any recordation costs. 20. Waivers. Borrower waives all rights of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. 21. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. Condominium Rider Planned Unit Development Rider 4R(WY) 19604).01 Page 7 of 8 Growing Equity Rider Graduated Payment Rider Tax Exempt Financing Other [specify] Rider ARM RIDER xl Initials lamouog- (igas) .Jamonog- (Ieas) tamono (iggs) aamono (IeaS) iamonog- (IeaS) :ss I it (al8p) 0002 'HZSZ uzintad;d3S sigi aui atopq pa2paimouxog sum luaturuisui 2uto2aioj ata HYRUXao'i- osvosow r 'ianwiw 4 rA Irmax3O'I Q A'I'IOH (8ut2pajmouXas uosiad) 2 vauxao'I- oximsow r 'IHVHOix arm 2Ya'Ix00'I a A'I'IOH Aq Pft 8 io8 bed ZOOZ `9Z 1\IO131 xtxa xx `JNI IOAM 30 L.LVIS sassauliM '1l gllm papiooat pug iamouog Sq palnaaxa (s).taplu Aug ul pug luaunulsui'lunoaS slgl ut paulgluoa suual ag1 of saaIfg pug sldaoag .among 'MO'I3g ONllNDIS Ag 8340631 TEFR -0233 TAX EXEMPT FINANCING RIDER FHA Case No. THIS TAX EXEMPT FINANCING RIDER is made this25TH day of SEPTEMBER 2000 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed "Security Instrument of the same date given by the undersigned "Borrower to secure Borrower's Note "Note to WELLS FARGO HOME MORTGAGE, INC "Lender of the same date and covering the Property described in the Security Instrument and located at: 550 HIGHWAY 239, FREEDOM, WY 83128 [Property Address] ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree to amend Paragraph 9 of the Security Instrument, entitled "Grounds for Acceleration of Debt," by adding additional grounds for acceleration as follows: Lender, or such of its successors or assigns as may by separate instrument assume responsibility for assuring compliance by the Borrower with the provisions of this Tax- Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if: (a) All or part of the Property is sold or otherwise transferred by Borrower to a purchaser or other transferee: (i) Who cannot reasonably be expected to occupy the Property as a principal residence 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 (except that "100 percent" shall be substituted for "95 percent or more" where the latter appears in Section 143(d)(1)); or FHA Multistate Tax Exempt Financing Rider 10/95 (9705) d Page 1 of 2 Initials: �,1 !111 C)&L VMP MORTGAGE FORMS (800)521 -7291 11 1 1 11 1 1 1 11 4 (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) Who has a gross family income in excess of the applicable median family income as provided in Section 143(0 and (i)(2) of the Internal Revenue Code; or (b) Borrower fails to occupy the Property described in the Security Instrument without prior written consent of Lender or its successors or assigns described at the beginning of this Tax- Exempt Financing Rider, or (c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Instrument. References are to the Internal Revenue Code as amended and in effect on the date of issuance of bonds, the proceeds of which will be used to finance the purchase of the Security Instrument and are deemed to include the implementing regulations. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Tax- Exempt Financing Rider. (Seal) Borrower ©587U (9705) (Seal) Borrower Page 2 of 2 (Seal) `7 J l 'rIif`C(X 0 'Y' (Seal) Borrower HOLL DLOCKLEAR (tefAr Borrower A (Seal) MICHAEL J MOSCATO LOCKLEAR Borrower (Seal) Borrower (Seal) (Seal) Borrower Borrower 195