HomeMy WebLinkAbout866790WHEN RECORDED MAIL TO:
First Security Bank, N.A.
Afton Mortgage Production Office
485 Washington
Afton, WY 83110
0007687445
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined
in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this
document are also provided in Section 16.
(A) "Security Instrument" means this document, which is dated June 28, 2 0 0 0
together with all Riders to this document.
(B) "Borrower" is
N. CHRISTINE SKILTON, an unmarried woman
Borrower is the mortgagor under this Security Instrument.
(C) "Lender" is First Security Bank, N.A. Lender is
a Corporation organized and existing under the laws of The United States of America
Lender's address is 485 Washington Afton, WY 83110
Lender is the mortgagee under this Security Instrument.
(D) "Note" means the promissory note signed by Borrower and dated June 28, 2 0 0 0
The Note states that Borrower owes Lender
Sixty -Three Thousand and No /100 Dollars
(U.S. 63 ,D00.00 plus interest. Borrower has promised to pay this debt in regular
Periodic Payments and to pay the debt in full not later than July 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.
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BOOK PR PAGE`_
MORTGAGE
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WYOMING-Single Family -Fannie Mas/FraddIe Mac UNIFORM INSTRUMENT
LT. 3/00
866790
RECEIVED
_1NCOL CO iN Y
CLEF
00 JUN 30 hi 2: 01
JEANNE WA6NER
KEMMERER, WYOMING
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C -5
Form 3051 3/99 (page 1 of 15 pages)
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(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]:
El
086679
Adjustable Rate Rider
0 Balloon Rider
[l 1 -4 Family 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" mean those items that are described in Section 3.
(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
proceeds paid by any third party (other than insurance proceeds paid under the coverages
described in Section 5) for (i) damage to, or destruction of, the Property, (ii) condemnation or
other taking of all or any part of the Property, (iii) conveyance in lieu of condemnation or (iv)
misrepresentations of, or omissions as to, the value and/or condition of the Property.
(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
default on, the Loan.
(N) "Periodic Payment" means the regularly scheduled amount due for (1) principal and interest
under the Note, plus (2) any amounts under Section 3 of this Security Instrument.
(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) and its
implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from
time to time, or any additional or successor legislation or regulation that governs the same
subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan
does not qualify as a "federally related mortgage loan" under RESPA.
(P) "Successor in Interest of Borrower" means any party that has taken title to the Property,
whether or not that party has assumed Borrower's obligations under the Note and/or this
Security Instrument.
TRANSFER OF RIGHTS IN THE PROPERTY
This Security Instrument secures to Lender: (a) the repayment of the Loan, and all renewals,
extensions and modifications of the Note; and (b) the performance of Borrower's covenants and
agreements under this Security Instrument and the Note. For this purpose, Borrower does
Loan Number: 0007687445
El Condominium Rider
Planned Unit Development
Rider
Biweekly Payment Rider
W YOMINOSingie Famiy— Fannla Mae/Freddie Mac UNIFORM INSTRUMENT
I.T. 3/00
Initials)
Intllals)
cs
084
Second Home Rider
Other(s) [specify]
For, 3051 3/99 (page 2 of 15 pages)
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06e.99S30
0866790
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(s) or partial payment(s) if the
payment(s) or partial payments are insufficient to bring the Loan current. Lender may accept
any payment(s) or partial payment(s) insufficient to bring the Loan current, without waiver of
any rights hereunder or prejudice to its rights to refuse such payment(s) 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(s) 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: (1)
interest due under the Note; (2) principal due under the Note; (3) 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
Loan Number: 0007687445
WYOMING-Single Family- -Fannie Mae/Freddie Mao UNIFORM INSTRUMENT
I.T. 3/00
(Initials)
Initials)
GS-
086
Form 3051 3/09 (page 4 of 15 pages)
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proceedings which in Lender's opinion operate to prevent the enforcement of the lien while
those proceedings are pending, but only until such proceedings are concluded; 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 can attain priority over this Security Instrument, Lender may give Borrower a notice
identifying the 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: (1) a one -time charge for flood zone determination,
certification and tracking services or (2) 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
Loan Number: 0007687445
WYOMING-Single FamAy- -Fenno Mae/Fnddb Mac UNIFORM INSTRUMENT
I.T. 3/10
(Initials) (Initials)
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088
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p d ?ouud s,1oMouog sr Auadozd 0133 asn par `tjs ?jgnasa `i(dn000 jugs iaMouog •Sattudn3o0 •9
•anp uatp Sou i0 na pagM '1U0UI1U3suj £31noas slip J0 atom alp Japan pr dun s3unom
Ard 03 Jo MIodoJd alp 0103s0J J0 JTrdai 01 Jatpma spaaoozd aounznsU1 atp asn Artu Japua'j
•A3iadoid alp jo a8rzanoo alp o3 ajgro?iddr azg spj u tons sr .re ;osai `/iizadozd atp 2uuanoo
sap ?jod aourmsa? jjg zapun (naMouog Aq pi d sumiamaid paturaun jo pun;az Cur op )g5u alp
urtp zatpo) s1g8u s,iamouog ;o Jatpo ,Cur (Z) pur uatutu3SUj A3unoas sp p JO 0 N alp zapun
p?ndun s3tmouzr 0131 paaoxa o3 300 moms ur ut spaaoozd aoarmsat Aun o3 s3t8u s,1amouog (I)
Japan' 03 sa8?sse ,(gazat 10m0110g `asTMJal po Jo ZZ TM Japan Auadond atp sa1jnbor Japua-I
Jo '3uana -atpta Uj •uan ?8 s? aopo1 atp uagm u?8aq jj ?M pouad Arp -p£ 0Iri •tu?rp alp aj33as pug
a3rpoSau virtu JapMa-j trap 'tarp r al33as 03 pana ;3o srq zauzg3 aourmsu! atp 3rtp Japua7 moij
aopou a o3 &Cep p£ uj133TM puodsaz Sou saop zaMOUOg ;j •szarira1 pa3em put tU ?r(O aourznsUT
ajgrpenr ,Cur Nips pug a15(3o8au 'Ng ArUT 1apua•j `i(lIadond atp suopurgr JaMOUog 3I
•Z uopoas ut io; pap?nozd Japzo atp u? pa?jddr aq pry spaaoond aourmsu? Irons •zaMOUOf
03 pird `,Cur ;j 'ssaoxa atp t3TM `anp uat3 Sou Jo natpagM '3uatunzlsul Munoas s?q3 pamoas
stuns alp 03 pa?jddr aq juts spaaoozd aournnsat alp 'paUassaj aq pjnoM A3noas s,JapU01 Jo
ajq ?sra; Ajp o?tuouooa Sou s? zredaz Jo uoprno3saJ alp ;j .10M01,10e ;o uoprWpgo Nos al3 aq pry
pun spaaoozd aourinsuj alp ;0 3no pied aq 3ou pry JaMouog paup of `sapnnd pip Jatp0 Jo
'szapsnfpr o?ignd no; sand •spaaoozd lops uo S U?uzna Jo 3saza3U1 /fur zamouog i(rd 03 panmbai
aq 1011 jjggs napuOZ `spaaoozd aougnnsu? tons uo p?gd aq 03 Isamu! samba' As aiggo ?jddd
Jo 8ur3UM u? aprtu si 3Uatuaa1Bg ur ssajan •palajdtuoo sj 3(10M atp sr s3uatuArd ssaaoid jo
sa1Jas n uT J0 3uam/Crd 0JRu1S n u? uopgzo3saz pun siredan alp io; spaaoozd asings ?p /Cm Japurj
•iCpdtuozd uaie3upun aq jjggs uopoadsui ions 311131 pap(nond 'uopoe;spes s,zapUa-j o3 palajdmoo
uaaq seg v0M alp amsaa 03 Ji3Jadozd tons palm! o3 ,C3jun3zoddo 1111 pgq set Japua-j mun
spaaoozd a0Urznsa? Irons p(OIr 03 map alp anrt ins napua' 'pouad uopgzo3saz par ugdaz lops
&uunU •pauassaj 3ou s( iC3ufOas s,Japua-j pun aIg?sna; AprolutouoOa s? JpdaJ Jo 110priO3S01 0131
680 061,9980
0866"790
Loan Number: 0 0 0 76 8 7445
WYOMING-Snots FamI y —FennI. MaeTFnddlo Mac UNIFORM INSTRUMENT
I.T. 3/00
(Initials) (Initials)
Cg
090
8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application
process, Borrower or any persons or entities acting at the direction of Borrower or with
Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or
statements to Lender (or failed to provide Lender with material information) in connection with
the Loan. Material representations include, but are not limited to, representations concerning
Borrower's occupancy of the Property as Borrower's principal residence.
9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
If (1) Borrower fails to perform the covenants and agreements contained in this Security
Instrument, (2) there is a legal proceeding that might significantly affect Lender's interest in the
Property and /or rights under this Security Instrument (such as a proceeding in bankruptcy,
probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over
this Security Instrument or to enforce laws or regulations), or (3) Borrower has abandoned the
Property, then Lender may do and pay for whatever is reasonable or appropriate to protect
Lender's interest in the Property and rights under this Security Instrument, including protecting
and /or assessing the value of the Property, and securing and/or repairing the Property. Lender's
actions can include, but are not limited to, (1) paying any sums secured by a lien which has
priority over this Security Instrument, (2) appearing in court, and (3) paying reasonable
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.
Form mu 3/99 (page 8 of 15 pages)
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rip zamozzog of zapua-g aopou zaije II JO `zamozzog £q pauopuege si Amdahl app 3I
-anp uaip are sums agi iou .to
zagfatM fuaumzpsul ,(pumas sigi pamoas sums app of palidds aq yetis spaaoozd snoauegiaosiy4
app &upuM ui =As asiMZagio zapua pue zamozzog ssagun `anise iq ssog JO `uoponzisap
`Supiei 'egged am azojaq ,Clapetpaimui pamoas sums am 3o punoiue ati usgi ssag sl amen
ul ssog JO `uoponusap lupgsi jellied app azopaq ,CgOfelpamnai Auadozd ati jo amen ia3izeac zts3
ail) goyim ul ,ifzadozd app JO amen ul SSOI JO `uop3nzisap &upgsp gspred a JO piano air) ug
•zamonog of p sd aq lists aousleq duy .angst ul ssog JO
`uoifonzisap `aupisi isrizsd app azojaq Agaisgpamiul Auadozd app jo amen 223Ireum zisj Opp (q) Aq
papinlp angst ul ssog zo `uoponzfsap 'Bum) !spied am azojaq Maislpauiuit pamoas sums app 3
funoiue ism app (s) :uoiiavj &ugmollo3 app Aq paigdliinui spaa3ozd snoausggaasm app jo iunoute
app £q paonpaz aq yetis puatunzisug Mgmoas snp iq pamoas sums agi `SupuM ul aaz ?s asmumgfo
zapuai pus zamozzog ssagun `angst ul ssog zo `uopoiuisap lerusd app =jag Agamslpauunil
ivauinzisug Ai sgip iCq pamoas sums alp jo moms am ue zaieaza JO 01 gsnba sl angst
lit ssog JO `uoponzfsap `ffuglei Isifred alp azojaq Rlaiegpaumn Attadozd alp 3o amen fa3izsai zls3
app goigM ul iCfzadozd ail) jo amen ui ssog 10 `uoponzisap &TIM Isrizsd a 3o pion app ug
•zamouog of pled `,Cue 3l `ssaoxa app qqm `anp uaip tot' JO zagiagM
`fuamnzfsug Riunoas slgi q pamoas sums ail) of palgdds aq 'legs spaaoozd Snoausllaosryg
app `Aizadozd app JO angen lit SSOI JO 'uoponzfsap `&up[ef ieioi E JO puana all ag
•Z uopoas uI zo3 papinozd rpm ail) ui pagdds aq jjsts
spaaoozd SnoOUSIIaOs1IH tons °zamozzog of pled 'Aug 3i `ssaoxa app gitM `anp uaip Iou 10 =palm
`ivaumzisui diunoas slip pamoas stuns am of pagdds aq Hugs spaaoozd snoaaeggaosgg app
`pauassag aq pinom i(punoas s,zapua-g JO aggissa3 Riisoluiaaooa you si zisdaz zo uoliszofsaz agi 3g
•spaaoozd snoausggaosm tons uo sUtluzsa zo Isamu! Aus zamozzog Asd of pazmbaz aq iou usgs
zapaa7 `spaaoozd snoausigaosgg tons uo plsd aq op isazaiui sazlnbaz Me-g aggs njddd JO $uppm
ul apsui sg fuauiaaiae us ssal)un •pai0gdmoo Si 7IzoM agf se sivauuiCsd ssaz8ozd jo sauas s ui JO
fuauiaszngsip aggugs s ui uogszopsaz pue sgisdaz app zo3 /Cud Asiu zapua-g qpduiozd ualsizapun aq
Iisgs uoif3adsug lions ism papinozd `uoposjspss s,zapua-I of paiagduioo uaaq set 3IzoM alp aznsua
of ,CUadozd tons ioadsai of Aqunizoddo us pst ssq zapurj !pun spaaoozd snoausggaosryq tons
ppog of iq$u agi ansq gists zapuar `polzad uopszopsaz pus zisdaz gaps &uunQ •pauassal iou sl
Munoas s,zapua-I pus aggissaj (Iisomuouooa sl iisdaz JO uopezoisaz app 3l `Afzadozd app jo zisdaz
zo uoliszoisaz of pagdds aq usgs spaaoozd snoausgiaosq tons `paWstusp sl 1Cfzadozd am 3I
•zapual of pled aq gists pus 01 paugisss
)(gazag azs spaaoozd snoaueggaos1W !iv •ainga3.iog tspaaaoid snoaueggaasm 30 3aamu2gssd •IT
°afoN app ui papino1d a isz
app is roam Asd op uopeRiggo S,Iamonos s1Oa33e pg uolioas sitf ui &ulgfoN .Mtn aggsoigddy
i q pazlnbaz sl uopsumuai 'pun JO uolisutuuai tans 103 &uipinozd zapua-g pus JO/1%01.10f
uaaMpaq ivauiaaag uap1PM Alm gf1M aouspzo33s lit spua aousmsug affsnuoN zo3 fuauuaignbaz
s,iapua-I alp 'pun `anzasaz ssog aggepunjaz -uou r aptnozd of JO 130330 ui aousznsul aSeauow
ulsiulsiu of pazmbaz siunluuazd app ,Ced ggsgs 1 M011og `a0ueznsug anauow zo3 sumIt uazd aqp
memo) sfuaulAsd pafeu2gsap Alaiszedas 03lsai of pazmbaz sSM zamozzog pus uso-g atf RupiSW
3o uopipuoo a SR a0uemsag aesaizogg pazmbaz zapurg 3I •aousmsul 05sauog, zo3 stunmuazd agf
pzemoi sivauiAed paisualsap Rlaiszsdas sazlnbaz zapual pus `pauisfgo st `aggsgiens satuooaq mar
zapua-I eCq pai3aias zamsug us Rq papinozd (sannbaz zapuarg imp pouad alp zo3 pue iunome
alp ul) a15zan00 a0usznsul 025 210JAg 3i siaauIRed anzasaz ssog gimbal zaRuol ou us0 zapua-I
0f4.99F30
for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration
or repair of the Property or to the sums secured by this Security Instrument, whether or not
then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds
or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds.
Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun
that, in Lender's judgment, could result in forfeiture of the Property or other material
impairment of Lender's interest in the Property or rights under this Security Instrument.
Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in
Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's
judgment, precludes forfeiture of the Property or other material impairment of Lender's interest
in the Property or rights under this Security Instrument. The proceeds of any award or claim for
damages that are attributable to the impairment of Lender's interest in the Property are hereby
assigned and shall be paid to Lender.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall
be applied in the order provided for in Section 2.
12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for
payment or modification of amortization of the sums secured by this Security Instrument granted
by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the
liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to
commence proceedings against any Successor in Interest of Borrower or to 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 any Successors in Interest of
Borrower. Any forbearance by Lender in exercising any right or remedy including, without
limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest
of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude
the exercise of any right or remedy.
13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower
covenants and agrees that Borrower's obligations and liability shall be joint and several.
However, any Borrower who co -signs this Security Instrument but does not execute the Note (a
"co- signer (a) is co- signing this 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
Loan Number: 0007687445
WYOMINOSingle Family—Fannie Maa/Freddla Mac UNIFORM INSTRUMENT
I.T. 3/00
MNials) (Initials)
c.5.
092
Fora, 3051 arose (page 10 of 15 pages)
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zujnWuis am ui spzoM (Z) `zapUaR autupmaj a p jo spzoM z0 mom zalnau 8uipuodsauoo apnjouj
puu uEatu jlpgs zapuag aui1nos= am jo spzom (j) ,luaUmzlsai Alunoas Sip u! pasn sy
°uoistAold &upotljuoo
ag1 lnotpiM 1oa33a uaAT2 aq uuo gotgm aloN atll JO luaumzlsuj ,ilpnoas spit 3o saoispnOZd
zaglo 1oa33u iou mils lomuoo gons `ME-i ajgEotjddy mph slogjuoo a1Orl am zo luatunzlsai
Alunoas sigl ;o asngp z0 U0!S!Aozd iCu1 rip ma to am ul 1oVZluoo Aq manmade lsare$u
uoplqujozd E se panzlsuoo aq iou jjugs aouajts lions inq 'mans aq 31 jm 1! JO log111100 Aq aazBE
of sap.Ed atp mom £ppljdta! z0 Xptoijdxa lgWpa Mu-i ajggoljddy •mrj ajquojjddy jo suopeluutj
pug sluatmazmbaz Aue of loafgns are luatu ulsaj 'flunoas sigl ui pauteluoo suopE2ggo par may
IIy •palEooj st Azadozd am t pigM ut uopoipsunf aql jo mE! alp puu Muj imam £q paazanog
aq !ins 1Uautnzlsai Alunoas SUJJ •uollant;suop Jo salt% `•Allljgeaatas !mei ;IulutaAOD •91
•luautnzlsuj ,Clunoas spp zapun luatiazrnbaz 8uq uodsauoo am
IJspus !!Tm 111autazrnbaz mu-i algEoljddy am `MUrj ajggotjddy zapun pazmbaz oslE sT luatUnzlsa!
Animas sitp Aq paztnba1 aotlou i(uE 31 °Japan Aq pan!aoaz AII W°E !pun zapuaj of uan!B uaaq
aim! 01 patuaap aq 1011 netts luatunzlsaj IC1TZnoas s!gl 11TH uopoauaoo ut aopou ICuy •1 At011og
of aopou Aq ssazppe zagl0uu pa ruksap seq zapua-j ssalun uTazaq palmis ssa1ppI s,lapua-! 01 IretU
ssep lszg Aq 1! Rutliu11 Aq zo lT 5uuan!jap Aq ttamff aq ii is zapua-j Ol aopou Auy •atail auo Auu
lE 1Uatutulsai Alunmas sp.p Japan ssalppE aopou palua$tsap auo Alta) aq Arm amid, •aznpaoozd
pa!Jipads 111111 Onortll ssazppE Jo aRuugo E izodaz /quo imp zaMOZZOg uatp `ssazppu jo
affuEg3 s,zamozzog tupzodaz iO3 aznpaoozd a saijtoads zapuai 3j •ssazppE jo afurgo s,zamozzog
jo zapual Ajpou Apdtaozd Ijggs zaM0li0 •zaptta-i of aopou Xq ssazppe aopou alnlpsgns
E paleaksap sEI zam0z1011 ssajan ssazppy filmdom a'p aq !LEgs ssazppE aoi2OU aqy •as1M1aglo
swath= Ajssazdxa Attu ajgeoilddy ssajun szaM0zz0g HE 01 0011011 alnlpsaoo !jugs 1 Mozzog
aao Afar of ao!loN •sUUaat iaglo Aq lugs 3T ssazpp1 aOp0U s,zaMO11Og Ol pato /Tlap '(IIEttloE uagm
JO jiuut ssep lszg Aq papetu uagm lamozzog 01 uani8 uaaq angq of patuaap aq Timis luatutulsai
,(lunoaS sTgl glom uopoaUa0o u! zamozzog Ol aopou Cu y •Ruppm uT aq 1snut luaunulsai
Animas stgp tl1TM uopoattUOO UT Japua-i JO zam0110g Aq uania saopou Ily •saarlON •S1
•affzugozano Ions 30 lno
8u1sUE anal ;1810' zaMOZZOg 110113E JO 1118tz ,(TIE JO zanTEM E alnlpsuo3 IjiM zamozzog of ivatuCEd
1Oazip Aq apetu puma/ lions A11E ;o aoueldaooe s,zamouog •(alobj atp zaputt 1OJ pap!A01d
s! aizego luaul/Wazd g 1011 zo zatpagM) a2lggo luatuAudazd (uu lnogl!M luatuCEdazd irpzud
E sr pavan aq tilm uoponpaz am Igdtouud saonpaz punpaz u 3! •z2nt0110g o1 luautAud 13azip
E Bupteut Aq JO MOM all zapun panto jEdiouud atp gonpaz Aq punjaz sip alum 01 asoutp i Rtu
zapuarj •1oMO11Of o1 papUn;az aq Ijim sum!! palnntuzad papaa3xa tp!gM zamozzog wog pa1Oa!!oo
Apra* stuns /Cue (q) pue Mum pa11puuad alp 01 021113 all aonpaz of ,Czgssaoau 1Unoure agl
Aq pampa/ aq jjEgs a81E1jO ugo! gons i(ue (g) :nap 'mum pal1!uuad a'n paaoxa awl am glom
uop0011110o tut paloaij0o aq o1 JO pal0a103 sa!zugo UEOI zallo JO swam! all Imp os palazdzalut
AjjEag s! mEI imp par `sa81Eg3 aeo! Utnunxutu slas g3PTM MEj E 01 10acgns s1 UEO-i 0111 3I
•MEri ajquoTlddy Aq JO 211atunzlsai Alun3as sill Aq paltgpjozd
Aissazdxa air Imp saa3 a8zugo iou Aral zapua-j •aaj lions jo 8ujazugo all 110 uotltglgozd
sE panuisuoo aq ion jjetjs zam0zz0g of aa3 ojjpods a aazego Ol luatuttusaj £lunoas sjgl
111 Antogln1 ssazdxa 3o aouasgq 011 `saa; zaglo Au 02 p1Elaz ui •saa3 uopunlun pue uopoadsut
06.990
086679
18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18,
"Interest in the Property" means any legal or beneficial interest in the Property, including, but
not limited to, those beneficial interests transferred in a bond for deed, contract for deed,
installment sales contract or escrow agreement, the intent of which is the transfer of title by
Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if
Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)
without Lender's prior written consent, Lender may require immediate payment in full of all
sums secured by this Security Instrument. However, this option shall not be exercised by Lender
if such exercise is prohibited by federal law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The
notice shall provide a period of not less than 30 days from the date the notice is given in
accordance with Section 15 within which Borrower must pay all sums secured by this Security
Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender
may invoke any remedies permitted by this Security Instrument without further notice or
demand on Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions,
Borrower shall have the right to have enforcement of this Security Instrument discontinued at
any time prior to the earliest of: (i) five days before sale of the Property pursuant to any power
of sale contained in this Security Instrument; (ii) such other period as Applicable Law might
specify for the termination of Borrower's right to reinstate; or (iii) entry of a judgment enforcing
this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which
then would be due under this Security Instrument and the Note as if no acceleration had
occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
incurred in enforcing this Security Instrument, including, but not limited to, reasonable
attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose
of protecting Lender's interest in the Property and rights under this Security Instrument; and (d)
takes such action as Lender may reasonably require to assure that Lender's interest in the
Property and rights under this Security Instrument, and Borrower's obligation to pay the sums
secured by this Security Instrument, shall continue unchanged. Lender may require that
Borrower pay such reinstatement sums and expenses in one or more of the following forms, as
selected by Lender: (a) cash, (b) money order, (c) certified check, bank check, treasurer's check
or cashier's check, provided any such check is drawn upon an institution whose deposits are
insured by a federal agency, instrumentality or entity or (d) Electronic Funds Transfer. Upon
reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain
fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply
in the case of acceleration under Section 18.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial
interest in the Note (together with this Security Instrument) can be sold one or more times
without prior notice to Borrower. A sale might result in a change in the entity (known as the
"Loan Servicer") that collects Periodic Payments due Tinder the Note and this Security
Instrument and performs other mortgage loan servicing obligations under the Note, this Security
Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer
unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be
given written notice of the change which will state the name and address of the new Loan
Servicer, the address to which payments should be made and any other information RESPA
Loan Number: 0007687445
WYOMING-Single Family-Fannie Mee/Freddie Mae UNIFORM INSTRUMENT
I.T. 3/00
(Initials) (Inlials)
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NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as
follows:
22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration
following Borrower's breach of any covenant or agreement in this Security Instrument (but not
prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall
specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30
days from the date the notice is given to Borrower, by which the default must be cured; and (d)
that failure to cure the default on or before the date specified in the notice may result in
acceleration of the sums secured by this Security Instrument and sale of the Property. The notice
shall further inform Borrower of the right to reinstate after acceleration and the right to bring a
court action to assert the non existence of a default or any other defense of Borrower to
acceleration and sale. If the default is not cured on or before the date specified in the notice,
Lender at its option may require immediate payment in full of all sums secured by this Security
Instrument without further demand and may invoke the power of sale and any other remedies
permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing
the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees
and costs of title evidence.
If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to
Borrower and to the person in possession of the Property, if different, in accordance with
Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in
Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner
prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The
proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale,
including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security
Instrument; and (c) any excess to the person or persons legally entitled to it.
23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall
release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge
Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third party
for services rendered and the charging of the fee is permitted under Applicable Law.
Loan Number: 0007687445
WYOMING-Single Family- -FannM MaNFreddM Mac UNIFORM INSTRUMENT
I.T. 3/00
(Initials)
Inftlele)
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Form 3051 3/99 (page 14 of 15 pages)
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WHEN RECORDED MAIL TO:
First Security Bank, N.A.
Afton Mortgage Production Office
485 Washington
Afton, WY 83110
ATTN: Charlotte Neel- Reinhart
PLANNED UNIT DEVELOPMENT RIDER
THIS PLANNED UNIT DEVELOPMENT RIDER is made 28th this day of
June, 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 (the "Borrower to secure Borrower's Note to
First Security Bank, N.A.
(the "Lender of the same date and covering the Property described in the Security Instrument
and located at:
292 SPRUCE DRIVE, THAYNE, WY 83127
STAR VALLEY RANCH
LOAN NO: 0007687445
u
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[Property Address]
The Property includes, but is not limited to, a parcel of land improved with a dwelling, together
with other such parcels and certain common areas and facilities, as described in
THE COVENANTS, CONDITONS. ANDRESTRICTIONS FILED OF RECORD
THAT AFFECT THE PROPERTY
(the Declaration The Property is a part of a planned unit development known as
[Name of Planned Unit Development]
(the "PUD The Property also includes Borrower's interest in the homeowners association or
equivalent entity owning or managing the common areas and facilities of the PUD (the
Owners Association and the uses, benefits and proceeds of Borrower's interest.
PUD COVENANTS. In addition to the covenants and agreements made in the Security
Instrument, Borrower and Lender further covenant and agree as follows:
A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's
D
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MULTISTATE PUD RIDER Single Fam y -Fann a Mae/Freddle Mac UNIFORM NSTRUMENT
FORM 3150 3/99 I.T. 10/99 (page 1 of 3 pages)
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Loan Number:0007687445
ADJUSTABLE RATE RIDER
(5 Year Treasury Index Rate Caps)
(Initials)
101
THIS ADJUSTABLE RATE RIDER is made this 28th day of
June, 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 (the "Borrower to secure Borrower's Adjustable Rate
Note (the "Note") to First Security Bank, N.A. (the "Lender
of the same date and covering the property described in the Security Instrument and located at:
292 SPRUCE. DRIVE. THAYNE. WY 83127
[Property Address]
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS
THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT
ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY.
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the
Security Instrument, Borrower and Lender further covenant and agree as follows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note provides for an initial interest rate of 7.6250%. The Note provides for
changes in the interest rate and the monthly payments, as follows:
4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change on the first day of Ju 1 v 2005
and on that day every 60th month thereafter. Each date on which my interest rate could
change is called a "Change Date."
(B) The Index
Beginning with the first Change Date, my interest rate will be based on an Index. The
"Index" is the weekly average yield on United States Treasury securities adjusted to a constant
maturity of 5 years, as made available by the Federal Reserve Board. The most recent Index
figure available as of the date 45 days before each Change Date is called the "Current Index."
(Initials
MULTISTATE ADJUSTABLE RATE RIDER 5 YEAR ARM Single Family Fannie Mae/Freddle Mac Uniform
Instrument Form 3131 3/99 I.T. 2/00 Pagel of 3 RMS5YR1
sold or transferred) without Lender's prior written consent, Lender may require immediate
payment in full of all sums secured by this Security Instrument. However, this option shall
not be exercised by Lender if such exercise is prohibited by federal law. Lender also shall
not exercise this option if: (a) Borrower causes to be submitted to Lender information
required by Lender to evaluate the intended transferee as if a new loan were being made
to the transferee; and (b) Lender reasonably determines that Lender's security will not be
impaired by the loan assumption and that the risk of a breach of any covenant or
agreement in this Security Instrument is acceptable to Lender.
To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a
condition to Lender's consent to the loan assumption. Lender may also require the
transferee to sign an assumption agreement that is acceptable to Lender and that obligates
the transferee to keep all the promises and agreements made in the Note and in this
Security Instrument. Borrower will continue to be obligated under the Note and this
Security Instrument unless Lender releases Borrower in writing.
If Lender exercises the option to require immediate payment in full, Lender shall give
Borrower notice of acceleration. The notice shall provide a period of not less than 30 days
from the date the notice is given in accordance with Section 15 within which Borrower
must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums
prior to the expiration of this period, Lender may invoke any remedies permitted by this
Security Instrument without further notice or demand on Borrower.
By SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in
this Adjustable Rate Rider.
Loan Number: 000 7687445
C _&/`°s° Lez gA's
N. CHRISTINE SKILTON
MULTISTATE ADJUSTABLE RATE RIDER 5 YEAR ARM Single Family Fannie Mae/Freddle Mac Uniform
Instrument Form 3131 3/99 I.T. 2/00 Page 3 of 3 RMS5YR3
102
(Seal)
Borrower
(Seal)
Borrower
(Seal)
Borrower
(Seal)
Borrower