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HomeMy WebLinkAbout866560which has the address of 1105 CEDAR AVENUE, KEMMERER [Street] Wyoming 83101 "Property Address [Zip Code] FHA Wyoming Mortgage DOCU2WY1 DOCU2WYI.VTX 11/16/99 BOOK__ PAGE MORTGAGE Page 1 of 7 866560 RECEIVED ..INCOLN i r, 00 JUN 21 (M 2: 111! JEANi`, ','``1.,4ER KEMMERER, WYOMING (Space Above This Line For Recording Data) LAST STANLEY Loan Number STANLEY Case Number 591 0873910 THIS MORTGAGE "Security Instrument is given on JUNE 20, 2000 The mortgagor is KRISTINA K. STANLEY, A SINGLE PERSON [City] 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 This Security Instrument is given to COMMUNITY FIRST NATIONAL BANK which is organized and existing under the laws of and whose address is 200 NORTH CENTER STREET ROCK SPRINGS, WY 82901 "Lender Borrower owes Lender the principal sum of FORTY -FOUR THOUSAND SIX HUNDRED THIRTY -TWO AND 00 /100 Dollars (U.S. $44, 632.00 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 JULY 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: LOT 11 OF BLOCK 53 OF THE SECOND ADDITION TO THE TOWN OF KEMMERER, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. :Stg1M1 L J Z a 66 /9T /TT x&A M(nOOa zAMznaoa a8eSlioix SuguoSm, VII3 •Japua7 `01 aiggldaoov uuoj r ut pur `Jo JOnMJ u[ sasnrio aiqu,(nd ssoi apnput pugs pun Japuaj ,(q piaq aq iiuus sirmauaJ ,Cur pun satotiod aouransui 014.E •Japuaj ,(q panoaddg satuudwoo gmiM pains aq hugs aouumsut iiv •,CJ11laaoas atp ,(q paitnbaa 11101x0 0141 01 spoon ,iq ssoi su `pap= ,ipuanbasgns Jo aoualstxa ut Mou Ja `filmdoad 0141 uo sluawanoadult Iig aansut osir hugs JOMOJJOH •saimbai Japua-1 lryl spouad ay1 Joj pug slunow11 ayi ut pautgiunuw aq hugs aouumsut situ, •aouransui saitnbaJ Japua-I gotu& Joj `aJiJ Sutpniout `satouaut1uoo pug `sapirnsro 'swum' Aug lsutr2r 'moan ,Cpuanbasgns Jo aoualstxa ut Mou Jag1a14M `,C1Jado1d ayi uo sluauanoadut ii11 aansut prys JOMO.uog •aausinsui piszeH lagap pus poof3 `aJid •b •aloN am Japan anp saSsuyo airs 01 Via pur `aloN 0141 jo irdtouud am jo uotlmztliour 01 `ylanod `•a1oN am Japan anp lsaaalut of `pJt4Z tpaitnbat sg `suntuaad aouumsut pimzrq Ja1410 pug poor `ait3 pug 'swat punoiS Jo sivau,Cud piogasrai `sivaulssassg igtoads `saxri ,iu11 01 `puooas °uintuwaad aouransui agmSliou ,Ciyiuom ogjo piaasut 'Campion am (q o n qo ,(iyiuow 0141 01 Jo ,CJrlazonS ayi of Japua-I ,(q pird aq o1 umttuaad aouransut aSvSiaou am 01 `lslid :smoijoj sm Japua-I ,Cq patiddr aq ttrys Z pur i sgdmJSr111d Japan sluauliird iiy •sluaul,fsd 3o uoilpziiddy •(o) pug `(q) `(r) swan Joj sluatuitglsut Iim Joj Suiun uia. aaurirq Aug 4IIM paupaJo aq hugs lunooag s,JOMOJJOH `Japaa'J ,iq uoptstnbom SIT Jo ,ClaadoJd 0141 jo airs aansoiaaao3 r Ol loud ,Ciaimtpau uj •JamoJJOH 01 spunj ssaoxa ,Cur puma.' ,Cpdwoad hugs Japuo pug `,CJm1atoas am 01 ,Cud 01 palrMtigo auzooaq loU say Japua7 1vy1 luawll11lsut umtutaad aougJnsut aSuSpouz ,(um pur (o) pur `(q) `(r) swan luautlm1sUt iiv Jo; Sututnuai aourirq alp qip" paltp=JO aq hugs 1un000r s,JamoJJog `sums Bons iir J0 ivaw,Crd iin3 ayl Japua'l 01 sJapual JamoJJOg 3I •luaumJIsul ,ClunOaS stye I(q pamoas sums iig Jo; ,(llamas iguoptppv sn pa$paid am spund MoJOSg ata •vasa T Act palltuaad sr aSuIJOys am do alum of JOMOJJOH aatnbai pug JOMOJJOH ay1 1(Jpou ,Cruz Japuai `anp uayM suall mama am ,Cud 01 IuatOtuns loU are amp Aug 1g Japua-1,iq piaq spunj jo sumo= 0 141 JI 'VdSdJl ,(q paatnbai sr spunj ssaoxa 0141 JOJ JOMOJJOH o1 lun000g pegs Japua' "vdsau ,(q piny aq o1 palItuuad s1unour 0141 paaaxa small mama JoJ. Japaa' ,(q pia14 slunouzu ay13I •untuaad aaurmsui aggS2JOU 0141 Joj anp sumo= uo pasrq aq loU ,(11111 lunooOr alp ut aigrprity air sivauX11d S,JOMO.uog 0141 mpg sluautasangstp Jo sluawasJngstp pairdtotiurun Joj ydsa Cq palltuaad OAJOSOJ Jo uotysno ay1 Imp ldOOxa „ydSgE„) aunt of amp wag papuatur aq ,iru1 ,Cay1 sr `OOS£ 1Jnd 2IdD bZ `suotlginSaI 2ut1uauaidwt puu bas T T09Z 'aSTI ZI `t7L61 JO lay sampaaoJd luawaillas al11lsg mall am Japan lunoOOr moJOsa S,JOMOJJOg Joj paJtnbaJ aq Amu 111141 lunowr Unutx11w ayl paaaxa o1 loll lunown a111SaJSSg uu tit small MoJOSg Joj slunoure piny puu loaiip° 'awn Aug 1g `,Crw Japua7 „•spund MoJOSg„ pallor) 0Jg Japua'i o1 ptrd suns am pug „small Mo1OSg„ paiir° gig swap asap `i J1l10JOas ay1 Aq aSJrtO ,(igiuow Jill Joj idaaxg •,CJ111aJOas ayl Aq pautuuaIap aq o1 lunou11 aigruosuai r ut 'kimonos an Xq pia i st luawnJlsul AlunoaS sup jt tun aau11Jnsut a2r21JOU r 3o pralsut amp ,(11411101111 (it) Jo `,CJglaJoas a141 01 Japua-I ,(q ptgd aq o1 untmaJd a3urJnsut aM1JOU irnuur 0141 Joj Uns 11 (t) :Jay1ta apniOUt osir hugs luau,Crd ,(IMIuou yOra lUatunJIsui fC1!JnooS ay1 ping ups Japuaq 31 pannbai uaaq anvil pinoM =tumid lions 4Ot1M tit mac Aug tit Jo „,CJgIatoos luawdoianaU urg1n pur SursnoH 30 ,(J111aJOas ay1 01 =Timid aOUrmsut ag1S1JOU g ,Cgd lsnu Japua-i alp yot4M at Jra,( ,Cum III •1 ydv1Sr1Vd Japan paitnbai aOUrmsut Jo; suntuaad (o) pug `,C1Jadoad 0141 uo swat puno1S Jo sluaw,imd piogasmai (q) `X1Jadoid 0141 lsut11Sg patnai aq o1 Jo patnai s1uaussassr moods pur sox (r) Joj uns r `saSJmg° alma, (um pug a10N alp ut 14 1oJ las su IsaJa1ut pug ipdiouud 0141 y11M Jaylaso1 `1uau,ird ,Ci4Iuou yoga ut apnput 1ir4s JOMOJJOH saSaeq) Jaglp pus `aOUeansul °saxey 30 luaw,fsd Aigluob i •Z •010N 0141 Japan anp saSJ11ga a111i pug a10N 0141 i(q paouaptna Nap 0141 `U0 Isaaalu! pur `jo igdiouud alp anp uayM ,Cud hugs Jamof0g •aSJSq) opri pus ;salami Ied!Ou!Jd jo luaul,fsd •i :smoJIOJ sr aaJg11 puu Iu11uanOO Japua-i pug JaMOJJOH •Sit'IVN AO3 IWRIO31A1j1 •,(iiadoad i11ai SUuanoo IuaUJnJlsut C1?Jnoas uJO31un 11 aInITIsuoO o1 uot1Otpsunf ,iq suoprimn Pauli!! yipM slumuaAOO 11JOJtun -uou pug asn 111uot111u J0J sIuruanoO uJO3tun sautgwoo ilsawnl3ssrtl A.I.RIno3S SIH,I, •paooww jo saou11Jqunoua Aug of loafgns `spuuuap pug sunup 1111 lsu11Sn ,(lladOJd am 01 app alp i1T1Jaua5 puaJap ITIM pug slurJJVM JOMOJJOg pJOaaJ jo saoUUaqunaua ao3 ldaaxa `paaagwnouaun st ,(laadoad 111y1 pur ,C1JadoJd ay1 ,(anuoa pu111u1JS `a2R21JOU o1 144J 0141 s1114 pu11 pa,tanuoa ,Cgaaay alrlsa ay1 Jo pastas ,CTInJM11i st JaMoJJOg 1uy1 SitsduanOD xaMOx1IOg RCP In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provision of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6. 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 place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in Paragraph 3, and then to prepayment of principal. 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 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. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in Paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property: upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments required by Paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in Paragraph 2. 45 9 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. Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. These amounts shall bear interest from the date of disbursement at the Note rate, and at the option of Lender shall be immediately due and payable. 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. FHA Wyoming Mortgage DOCU2WY3 DOCU2WY3.VTX 11/16/99 Page 3 of 7 Initials: :s1 L3otailed •Apatuas so IgBu Aug jo asto.zaxa alp apnjooid 10 jo santum u aq lou hugs Aim= 10 10u Aug Sutstosaxa ut iapua-j Aq aouumagsoj Auv •1sasalut ut siossaoons s,samossog 10 samossog jgutSUo agl Aq aputu pump Attu jo uosuas Aq luautnslsuj Altmoas sup Aq pamoas sums ay jo uouuzpiouty Ajtpout astmsaglo so 1uauwAud soj atutl puma 02 asnjas .to 1sasa1ut ut sossaoons Auu lsutuSu sSutpaaoosd aouammoo of poi aq iou hugs sapuai •isasalut ut sossaoons s,samossog so Jamossog lgutSUo ay jo Aitjtgyg agi amp.' o1 alysado lou hugs samo.uog jo lsasalut ut .zossaoons Aug o1 sapua -j Aq paluusS luaumzlsuj Altmoas still Aq pamoas sums ay jo uotlurtisoutu jo uotluogtpoui 10 luauiAud JO atutl ag1 jo uotsuaixg •J mteM a ;oN aapua-i Ag aaurauaqum :asuaiag 30N aamoaaog 'Ii luatunsisuj Aitsnoas sty Aq pam n uatl ag1 jo Aluoud ay polls Ajassanpu jjtm luautaluisutas (ti3) so `aminj ay ut spuno1S luasajjtp uo asnsojnasoj apnjoasd jjtm luautaluisutas (n) `Sutpaaoosd amnsojoasoj luauno u jo luautaouaututoo alp Sutpaoasd Ajalytpatumt ssuaA om1 uttptm sSutpaaoosd amsojoasoj jo 1uatuaouatumoo ay salju moutalulsutas paldaooy sug .tapual (t) :jt mautalulsutas ltutsad o1 pannbas 1ou St sapual `sanamoH Ijnj ut luatuAud alutpatutut pastnbas 1ou pug sapua-j jt sr papa ut utuutas Hugs sasnoas 1! Imp suopatjgo aq1 puu luatutuisuj Altunoas sup `samossog Aq luautaluisutas uodn •Sutpaaoosd asnsojoasoj aLii gltm palutoossu Ajsadosd sasuadxa puu saaj s,Aausoilg Anut0lsnn puu ajquuesuas puu moo asnsojoasoj luautnslsuj AltmoaS sup sapun IQ/110110a jo suollatjgo asg Aagl 11101x0 oqi 01 `Sutpnjout 1uassno lunoonu s,samossog Suuq 01 pantnbas siunoutu jju urns dutnj y ut sapual jjugs aam0110a luautnslsuj Alunoas ay alulsutas 01 •p011119sut asu sSutpaanosd asnsojoasoj salju uana satjddy 1LiSU sigZ •luautnslsuj /iljnoas sup 10 a10N atjl sapun anp lunotuu uu Awl 01 amjtuj s,samossog jo asnuoaq jjnj ut luautAud alutpatutut pastnbas sug sapuaj jt paluisutas aq o1 IgSU u sett samossog ;uauta ;u ;suiag 'O °Asulasoas ag101 =tumid aouusnsut aSySisotu u loyal o1 asnjtuj s,sapuaJ o1 anp Ajalos st aouymsut jo Ai ltqujtunuun agl uagm sapua -j Aq pastosaxa aq iou Arm uotldo sup `SutoSasoj aif SutpuulsgitmloN `AltjtgtSrjaut Lions jo joosd antsnlouoo patuaap aq jjugs `a1oN ag1 puu ivautnslsuj AlunoaS sup asnsut o1 8ututjoap 'pang app ay utosj %cep 09 01 luanbasgns polyp kimonos ay jo 1uaSu paztsoglny Auu jo luatualuls uallum d •luatunslsuj /ilunoas Aq pamoas sums IIu jo jjnj ut luauwAud optimum! antnbas `uopdo sit le 'Arm sapual 'pang amp agi mop slut) 09 utgitm 1od SutsnoII juuotllN aLi1 sapun aouysnsut soj ajgt8tja aq 01 pauttusalap lot! QM a10N a41 puu luatunslsuj /ilunoas sty p 1yg1 saas$u samossog •paansuj ;oN aSuS ;aoJ/g (a) •Aselasoas aq1 jo suotlujnSas Aq palltutsad 1ou jt asnsojoasoj s0 uopysajaoou aztsoglnu 1ou saop tuatunslsuj Aitsnoas stgs •ptud 1ou jt asojoasoj pug jjnj ut luautAud alutpatutut astnbas o1 `sijngjap mouth(' jo asuo ay ut `s1q$u s,sapua-j mutt !um kimonos ay Aq pansst suotlujnSas saouyisutnostn i(uyut uj Aae;aaaaS QfIH 3o suoi ;einSag (p) •sluana luanbasgns o1 loadsas gltm slg5ts slt antum 1ou saop sapua-j `sluaut/Cud Bons asmbas 1ou saop sapuoi lnq `jjnj ut luatuAud optimum! antnbas o1 sapua7 lttusad pjnom ley m000 saouuistunosto jj •aanteM ON (a) •Aniasoas ag1 jo sluauta°ttnbas ag1 g2tm aouups000u ut panosdde uaaq lou sug itpasn sag so sti Inq `Apadosd agl Adn000 os saop aalueJS so sasugosnd aq1 so `aouaptsas jydtouud sag so S14 su aaluu15 so sasggosnd aqi Aq patdn000 1ou st Alsadosd agZ (tt) puu `(luaosap 10 astnap Aq uy41 sag10) passajsuusi astmsaglo JO pjos st `A1sad0sd atjl jo Ind 50 jju Sutumo lsnsl u ut lsasalut Igtotjauaq u so `Aisadosd ay jo lsud so IPd (t) :jt luautns;suj AltsnoaS sup Aq pamoas sums jjy jo jjnj ut luatuAyd optimum! gimbal `Asylasoos alp jo lynosddu loud alp gum. puu •3•S•f1 ZI `Z861 JO lay suopnitisuj Asoitsodaa utyutsao 1s- usgr,Tj a41 jo (p) j j,£ uopoas Sutpnjout) muj ajquotlddg Aq paiittusad jt jjugs sapua-j •ienoaddT 1!paaD ;noq;1M gigs (q) •luatunstsuj Altmnas sup 0! pautyluoo suotluStjgo saglo Aug tusojsad o1 `sAup Autg1 jo potsad u soj 'Sutjtyj Aq sljnujap samossog (tt) JO `1uawAyd Ajgluotu Ixau ail jo app anp aqi uo so 01 loud luatunslsuj AlunnaS sup Aq pannbas luaumAud Ajgluout Atm Hu; ut /Cud o1 Sutlluj Aq sunup!) samossog (t) :jt luautnslsuj Aitmoas sup Aq pamoas stuns ire jo Iinj ut luauJAgd optimum! gimbal `sljnujap 1uatuAud jo asuo aq1 ut kimonos agi Aq puss! suotiulnSas Aq palttutj sy tdaoxa `Autu sapua-j •inujaa (u) 09P 66 /9T /TT xmA•timuiaOO 4AMZfI300 a$s2;aow SurtuoSA1 VH3 ;qaa jo uoj;eaaiaaad ao3 spunoa3 •6 •Asumosnos ag1 Aq pazuoginu saasgin puu saaj loaljoo Ault! sapuoi •saad •8 (.1SEiE`V� 46. 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. 13. 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 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. 14. 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. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this Paragraph 17. FHA Wyoming Mortgage DOCU2WY5 DOCU2WY5.VTY 11/16/99 Page 5 of 7 Initials: SIBIIryi L 3o 9 aged aaPTU slaprg luaiui(rd paurnpra0 Japig /(imbg guinnoTo 66/9T/ IT /MA'97.MLODOa 9AMZL]000 agal]OJA1 $uRRO,iM vi13 2uzuueuTg gdmaxg —xui [loads] (s)aag10 aaprg uuauidoianaQ pun pauueid aapig umluiuropuop [(sa)xoq aigroiiddr aiaagj] •luauinisui (lunoas sup jo lard u arann (s)aapu aql ji sr luaurnaisui'ilunoas siq; jo suuauiaaAr pug sluruanoO aql ivauzaiddns pug puauiu iirgs pug olu pauraodaoour aq hugs .rape Bons goga jo sluauiaaagr pug sluguanoo alp luaumaisui Su mas sup quiet iaglagol paprooaa pug .ramo°uog palnoaxa am s.rapu a.roum JO auo 3i ;uaurna ;sui *rims siq; o; saappj •iz •Auaadoad aql u! aamop pug Ammo jo siggu iig sagsinbutiai Agaiaq puu 2uturo,CM 3o auras a pjo smri uoiduiaxa pralsauioq alp jo amain ,Cq pug aapun i(21 doid ag1 ui slggu Hr santunl puu sasuaiaz Along aamoaaog saanlnM OZ °mri aiquoiiddu ,spun pailiuuad si aaj at i jo Suigamgn agu pug paaapuaa sanlnaas aoj ,Clrud png4 r of mud si aoj atilt ji /quo lnq luaunn°nsui i(lunoas sup gutsraiaa .ioj aaj r aamoaaog amp Amu npual •slsoo suoui p.iooai 'Cur ,Cud ins aamoaaog °10MO.iiog of luaumalsui Xlimoas sup amp.' pugs aapuai'luatunausui Xlunoas sup Aq pa.inoas sums Hu jo luauard uodn •asuolou '6I °mu! aiggogddr JO Si gdr.igu°n d sup aapun aapuari r ou aigripnr as1Maaglo siggu Cu r jo Ammon alp anudap Hugs aoualuas guipaoaid alp TIT guigloN •iod agl uu papinoad sr ,C2.iadoxd gip pas 01 pug aansoioaaoj aOUaurumo o Ind agi Japun palruSisap aauoissiuiuioo a.msoioa.ioj r gutlsanboi Rq (.bas la ISLE °0•s11 ZI) (,<1 1766I 3o 2Od amsopaaod agal.ioi i niiuiui aiSuis aTp ui papinoad airs jo aamod Igto!pnCuou alp a)Ionui Ar"i kimonos aq1 `6 gdriSund aapun iin3 ui luaur ird alrlpauiuri saambaa Aaruaanas alp par Aaruaaoas agu ,Cq piaq si uuaumausui Xi sup ui lsaaalu! s,xapua-i ag13I It of pappua suosaad JO uos.iad OM of ssaoxa ,fuu (o) pur `°luaurnausui Sllmoas sup nq pamoas sums Hr of (q) 'saaj s,iCatuollr aiquuosua.i `01 mum ion inq `guipnioui `airs agi 3o sasuadxa iiu 04 (g) :aapao guimopo3 aql ui paiiddu aq ins airs aqi jo spaaooid aqj airs Cur it Alaadoad alp asggaind Sum aaaisap sli JO aapua-i °mui aiquo1iddr Aq paquosaad iauurui NT ui Nos aq hugs A4.iadoid aqi pug `airs jo aoilou ag1 gsiignd Hugs aapua7 .ET gdrBg.ird ui papinoad .iauurui agi ui aamoaaog of asopaJOJ of luaiui sii 3o aono” ani$ hugs zapua mri aiquoiiddu girm aourpaonnr uI lua jup J..! 'Spacial,' alp jo uoissassod ui uosiad alp 01 puu aamoaaog 0u asoioaaoj 01 luau"! jo aoilou ani$ Hrgs aapu77 9V `aius jo aamod aql sa)ionui iapuari 3I •aouapina ai1i1 Jo slsoO par saa3 s, (au.1oulg aiquuosuai `01 pauurq 1ou inq `2uipnpui `8T gdu au.ird sup ur papinoad saipauiaa aq1 2umsand ut paunoui sasuadxa iig 1Oajoo o1 paililua aq Hugs .iapuari •mri aiquzliddu iiq pa11luuad saipauraa aaglo Aug a3ionui ,Cruz pug `/(uinba UT nowt ur ,Cq ao (aamonog ,Cq aapua-i of palurag Xissaadxa /(gaaaq gulaq amps Xq ao3 papinoad aius jo aamod atilt) aims ,iq papinoad sr Alaadoad gip jo aius pug luauaasluanpu i(q Jaglia ivaumals"i AuunOas sup asojOaaog Amu aapuo i'6 gduagui d aapun iin3 "i luauuArd auulpauruii saainbaa aapuari 3i :aanpaaoad aansoiaaao3 •gi •iin3 ui ptrd s! luauma1sui ,Clunoas alp Xq paanoas lgap alp uagm alru1uual iiggs ,Cuadoad alp jo suuaa jo luauiutissr silty aapua i Jo Spauiaa ao lggia aagio Aug alupriunui ao 1inujap ,Cur anium JO aano 1ou Hrgs sluaa jo uollroiiddr ,Cud •gouaaq g s! aaagl auip ,Cur lr os op ,Cum aaniaoaa paluioddr XHrpgmf g JO aapuo i `aanamog •aamoaaog o1 goraaq jo aOpou gurnlg aa1mu 10 aaojag r(iaadoad alp ulrlulr"i JO 3o 10411O3 03p4 'uodn nun 01 paambaa aq lo" Hugs aapua -i o` n` q0 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Secur4tPI strument and in any rider(s) executed by Borrower and recorded with it. Witnesses STATE OF WY COUNTY OF LINCOLN ss. The foregoing instrument was acknowledged before me by KRISTINA K. STANLEY, A SINGLE PERSON this 20TH day of JUNE, 2000 My Commission expires: J N 11 act LAURIE McKEE NOTARY PUBLIC COUNT/OF STATE OF LINCOLN `I I WYOMING FHA Wyoming Mortgage DOCU27 DOCtl7 .VTx 11/16/99 Page 7 of 7 No ry Public Initials: A IS/_ (Seal) Borrower (Seal) (Seal) Borrower Borrower MPP 210 -B (Revised 12/95) 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 4 6 4 This Tax Exempt Financing Rider is incorporated into and shall be deemed to amend the terms of the Mortgage to which it is attached. In addition to the covenants and agreements made in the Security instrument, Borrower and Lender further covenant and agree as follows: Lender, or such of its successors or assigns as may, by separate instrument, assume responsibility for assuring compliance by the Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full of all sums secured by this Security Instrument if All of pail of the Ptuperty 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; or iii) At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e) and (1) (2) of the Internal Revenue Code; or iv) Whose family income exceeds applicable income limits as provided in Section 143(1) 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 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, 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. L A )1 54(V7/1- Borrower "1- Borrower