Loading...
HomeMy WebLinkAbout866250WHEN RECORDED MAIL TO: RESIDENTIAL MORTGAGE INVESTMENT, INC. 3822 CAMPUS DRIVE, SUITE Z E C.J. 0 NEWPORT BEACH, CALIFORNIA volt o� This Mortgage SEE MK IORTGAtES FAG, "Borrower This Security Instrument is given to RESIDENTIAL MORTGAGE INVESTMENT, INC., A CALIFORNIA COPORATION which is organized and existing under the laws of CALIFORNIA 3822 CAMPUS DRIVE, SUITE 220 NEWPORT BEACH, CALIFORNIA 92660 "Lender Borrower owes Lender the principal sum of EIGHTY THREE THOUSAND FIVE HUNDRED AND 00/100 Dollars (U.S. 8 3 5 0 0 0 0 This debt is evidenced by Borrower's note dated the same date as this Security Instrument "Note which provides for monthly payments, with the full debt, if not paid earlier, due and payable on JUNE 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: BEGINNING AT A POINT WHICH IS THE NORTHWEST CORNER OF LOT 1 OF BLOCK 26 TO THE TOWN OF AFTON, THENCE SOUTH 20 RODS; THENCE EAST 9 RODS; THENCE NORTH 20 RODS; THENCE WEST 9 RODS TO THE POINT OF BEGINNING. A.P.N.: 32183040707500 RELEASE This Mortgage SF.( W. MOITEAiES MORTWYI.LSR Wyoming 28928171 '747' RECEIVED l ,.INCOI. N COUNTY tt 00 JUN -5 i "i' J L.. 11 I N E ,j�'1 �.i L..� I I(MMERER, WYOMING [Space Above This Line For Recording Data] MORTGAGE THIS a !pry GAGE "Security Instrument is given on MAY 24 2000 agor is DAVID MENDENHALL BOOK PR PAGE 6 6 1 and whose address is ADJUSTABLE RATE RIDER ATTACHED HERETO AND MADE A PART HEREOF. which has the address of 366 EAST 5TH AVENUE AFTON [Street] 83110 [Zip Code] "Property Address WYOMING Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT [City] Form 3051 9/90 (Page 1 of 6 Pages) (sa m 9 JO Z aged) 06/6 ISM twod .LNHIIULLSNI Faoaugn 31 41 OiPl a!iti d Allured aISu!S ONINIOAM as1 AAA1aow •L tdglggzgd glum aou11pl000g ut filmdozd ail ut sigttz s 1oatold of aRglanoo utuigo `uot1d0 s,zapuarj ig 'Amu zapuarl 'anogg pagt1osap agzanoo uteiutgtu of sjng3 zamozzog 3I "Pjatuntm Algguosuazun aq iou tints goutm jgnozddg s,zapua-j of toafgns 10M011011 Aq uasogo aq imp aouulnsut ail 2utptno1d zatzlgo aougznsut ail, •saztnbaz zapuaq mitt spouad aqi zoj pue slunoui am ut paut11futuw aq Ilets aoueznsut stns •aougznsui saztnbaz zapua7 gotgm z0J `2utpoog 10 spooi3 &utpn'out 'swum! zatilo Aug pure „ag11zan03 papu04xa„ mat ail utgltm papnjout spzgzeq `azt3 Aq ssoj lsutag paznsut Alzado1d ant uo pap= zaggazaq JO gutistxa MOU sivaUIanozdurt am claw' Reis lamollog •aouemstg Auadozd zo pzezeH "S •aotiou Jo gutnt2 am Jo sA11p ut uigftm anogg tizoj is suopou am 3o azom JO auo 031114 JO uagj agi A3sp11s Ilggs 1amolzog 'oat am SutAntuapt aotiou a zamozzog anti Amu aapuaj `ivatunusul Aultioag suit JOAO 410izd utuilu AMU totgm 110tl g of 13afgns st Cuadold aqi 3o tied Aug iem saunzualap zapun' JI •luauznzisul AltmoaS stir 01 uatj am 2utigut zapun-' 01 Azoiou;stigs ivawaazag ug uatl aqi Jo zapjoq aqi uzoz3 saznoas (o) JO `Uat' aqi 3o tuawaolojua atii manazd of aluzado uotutdo s,zapua- agi ut goigm autpaaoozd !Oat `ui uatl aqi ;o ivawaozojua tsutg2g spuojap zo`Aq uatj am 'cum pool ut sisaluoo (q) :zapual of atquidaoog latnrem g ut uatj aqi Aq paznoas uopatjgo aqi jo luawAgd am of 2upt1m ut saalge (g) :zamo1log ssajun tuaUItu suj AlunoaS sell zaA° Altuotzd seq got14M uatj Aug a$lugosip Alidmozd Ijgujs zamozzog 'stuawAgd aqi 2utouaptAa sidtaoaz zapuO I of istuznj Aiidwozd Ijggs zamozzog 'Apoaztp sluatuA11d asaji savw zamollog 31 •gde.agied sun zapun prod aq of siunowe jo saopou IIg lapuar of istuzn. Apdwold imp zamozzog •luOwAud pamo uoslad aim of Siloaltp aui uo warp Aud mils zamozzog `1aUUgw lugs ut mud iou Ji 10 `Z iduz$11zed ut paptnozd zauu11w aqi ut suou i qo asagi Agd uggs zamozzog Aug 3t `swat punol2 JO sivatuAud pjogasual pure luamnz1suI A111noaS sun zaAo Aitzoud utune Sew goitM Auadozd agi of ajggingtzug suoptsodwt pug snug `sluawssassg `saxet Ijg Aud'jigs zamozzog 'Marl :saazeij •aioN aqi zapun anp sallggo mut Aug of `isel pue :anp ludtoutzd of `tiznoj `anp 4sazalut o4 `pznp `Z gdgzffuzgd zapun atqu,iud stunOUJ of `puooas :a1oN am zapun anp sa$z11go fuawAgdazd Aug ot'tsltn :middy aq netts Z pure j sgdd1ftRd zapun lapua Ag pantaoaz s4uauiC d jju `astmlatlo saptnozd mu' alg11otjddd ssajun •sluotuAgd Jo uopgoijddd •tuawnusuj AlunoaS sun Aq pamoas scans ail vulvae itpalo g se ajgs JO uotitstnbou jo awn ail lg zapuaj Aq matt spun Aug Aidd11 Mitts `Atzadozd am 3o ores zo uotitstnbog aiu of zotzd `zapual `Auadozd am nos JO altnboe two lapua't `jZ gddzggzgd zapun `31 •zapua-j Aq pjag spund Au11 zamozzog of punjal Apdwold Mitts zapua-j `ivamnzisul Suznoas sun Aq paznoas sums nu 3o tin3 ut fuamAud uodn •uonazostp atos s,zapual lu 'smut/cud Ajituom anjam4 um aunt ou ut Aouatotjap aqi dn alrem nets zamozzog •Aouatot ap am dn aNgm of AzEssaoau umotuu zapuarj of A11d hugs zamozzog asuo guns ut `pug lutltzm ut zamozzog Ajuou os Smut lapuarl `anp uagm small mama ail Aid of fuatoups loo SI awn Aug 111 zapuarl Aq Nag spun ail Jo iunoure aqi i .mgt auteonddu 3o sivawaltnbal ail glum aouEp1Ooo11 UI spund ssaoxa ant 10j IamozlOH of lunoa 'jigs zapuarj `muj ajggogdde Aq pjag aq of pafuwzad sfunoutg ail paaoxa zapual Aq matt spund ail 31 •tuamnllsuj Atnlnoas snit Aq paznoas stuns lig 103 Atunoas Iguotitppg sg papajd 0114 spund aqy •apiw sum spun ail of ltgap goua totim zoj asodznd ail pue spund am of sitgap pug sttpalo 5uimogs `spund ail Jo 2ullun000g TEnuug tre 'amp 4noqum `zamozzog of ant2 Rigs lapuarl •spund ail uo mud aq hulls tsazatut min `zanamog &uptIm ui gaffe A11w zapuarj pug zamozzog •spund agi uo Outtuua 10 lsazatut Aug zamozzog Aud of paltnbaz aq iou' tugs zapual 'pled aq of isazaiut sannbal met ajquotjddg zo aputu st 1uawaadu UE ssajun •aslmzag10 saptnozd ajggotjdde ssajun `ueoj stir glum uopoauuoo ut zapun Aq pasn aotAlas 2utuodaz x141 alma It;az- ivapuadaput tt11 zoj a2lggo awtt -3U0 11 Agd of zamozzog altnbal A11m lapua-I `zanamog •a recto g ions a?1 m o1,lapuarl sumo d mgj ajquotjddu pure spund ail uo isazaiut zamozzog sAud lapuaZ ssajun `swat' mozosg am &1.11/inian 10 lun000u mozosa agi 8utzAtutre Ajj nuug `spund am upAldde pug 2utpjot zoj zamozzog amp 4ou Sum zapun' swan mozosg am Aud of spund agi Aiddg Irets zapun l 'Tog treo1 awoH relapag Aug ut JO (uounlpsut ire ions st zapual jt `lapua'j 8utpnjout) Altlua z0 `Ainetuawnlfsm `Aoua8g lgzapaj g ,iq palnsut az11 s1tsodap asogm uounitlsut tre ui pjag aq Rigs spin any mgt atggotjddg tltm aougpl00011 ut °stmlaglo 10 swan mozosg min; Jo saznupuadxa Jo sat11wusa auteuosgaz pug gigp 1uallno Jo sisgq ail uo anp spund jo Iunomg ail aletutlsa Amu zapua'j •tunotuu lasso' air paaoxa ()4 too lunotue tre ut Spung ptog pug 1001100 `awn Aug to `Aim zapua'j `os ij •funowe lasso' g Slas spund am 01 satjdd11 tutu muI zai4otre ssajun `(„ydsg21 •bas is I09Z "y"S'fl Zj `awn' 01 awn wog papuatug SE 1L6j Jo toy sampaoold luatuajllag algisg Iga21 j111apaj am zapun 1un03011 mozosa s,zamol1og zoj aztnbal hut 1111oj 0811$u0m polypi iillgzapaj 11 103 lapuaj 11 lunoutu mnwtxew am paaoxa of loo lunotuu 1111 ut spund Plot Pug 1301103 'auto' AUE 1 `Aim zapuarl „•swat' mozosg„ pajjgo am smolt asags •swntwazd 0ou11znsut a8g8lom 3o tuamA11d ail Jo nail ut '8 id11z511111d Jo suotstnold at1 glum aouepzoon ut `zapua-j of zamozzog Aq atgeSed sums ,lure (j) pure `Aug 3t `suuntmaid aotre1nsut a8118uow A'1gaA (a) :Aug 3t 'sun-plaid aoureznsut pooj; AjigaA (p) `.swntutald aotreznsut Aizadozd to mint AjlgaA (o) :Aug 31 `Auadold 0141 uo swat puno12 JO S4UOWA11d pjogas11aj AjzgaA (q) :Auado1d am uo uatj g sE luatunzlsul AlunoaS sun zOAO Altzoud 111114411 Auw toulm SIUOWSSOSS11 pure SOXE1 Aj1110A (11) :zoj „spund mns 11 `"nj ut pled St aloN am jtfun `aloN ail zapun anp 0111 s4uaw,11d Ajgluow A11p ail uo zapuarl 01 A11d frets zamozzog `lapual Aq zantgm uaIitlm 11 01 JO MEI ajg11otjdd11 01 loafgns aottgznsu' pue saxg 10; spund •Z •010N 041 zapun anp Sa8111go 01111 pure 4uawA11dald Aug pug aloN ail Aq paouaptna 'gap aqi uo lsaza4ut pure Jo ledtoutzd aqi anp uagm Agd Iil4dtuozd netts 10M0110g •sagzeg0 awl pee luam& dazd :isazaiut pue Iedtaui1d Jo luami(gd :smojloJ s11 aa18g pug 4uguanoo 1apuarl pug 10M0110g •SINVNIAOO NRIOdINfl •Aizadold real 8utzanoo luatunllsut Altznoas wzoJtun 11 alnlifsuoo of uotlotpsimf Aq Suotteta11A pa2juul glum sluuuanoo tuloJiun -uou pug asn 111uo1411u 101 SIu11Uanoo uuoJtun s0utgwoo SIH.L •p10oa1 Jo saou111gmnoua Aug 01 loafgns 'spugwap pug smtujo "g lsure811 Alzadold ail 04 app ail AjlE1aua8 puaJap i1im pug S4Ugllgm 1amolzog moat ;o saouglgtunoua zo3 ldaoxa 'pazagmnouaun st Auadozd ail 111141 pee Auado1d am Aanuoo pue 4ug18 `08118uow of 114811 am sat pug pOi OAU0o Aga1a14 alma 0141 Jo pastas Aj1njmut st zamozzog tutu S,LNVNgAOO 2I3MO112IO 1 „•Auado1d„ am s11 luaulnzlsul AltznoaS sup ut 01 pa1zaJaz st 2ut08010j a144 Jo Hy •luatutulsul A1t1noaS sun Aq paIOAOo aq oS1g tints suotltppg pug sivawaogjdaz Ijy •Auadozd ail ;o Ind 11 zaf311a1at .10 mou sa1n4x1J pure `saougualznddg `Stuawasga IT pug `At1adold 0141 uo moan 101J1101aq 10 m0U sluawano1dmt ail 11 H.LIM ualuaOOI 99 MORTWY3.LSR All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. 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, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30 -day period will begin when the notice is given. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. 6. 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 and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in-writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or Lender's security interest. 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 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. 7. Protection of Lender's Rights in the Property. If Borrower fails to perform the 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, probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Lender does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. 8. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, 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 approved by Lender. If substantially equivalent mortgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equal to one twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be required, at the option of Lender, if mortgage insurance coverage (in the amount and for the period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. WYOMING Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT b 3051 9/90 (Page 3 of 6 Pages) (sage 9 Jo f aged) 06/6 1S0£ UUOd ,LNaW1If111LSNI POIOdINf1 aeN a!PPa'd/PENi amm:d ,filmed 1211!S otsuNOAM •,ipadoad 0141 Jo aOUgualuietu of pue sasn lglluapisaa jeuuou of aw!Jdoadde aq oi paztu3ooaa ICHeaaua8 ale 14141 saauelsgnS snopizzeH jo sappusnb Ijetls jo Spadoad 0141 uo a8raots a0 `asn `aouasaid 0141 of ,ijdde iou imp saoualuas om1 8utpaoa.id aqs, •tArl leluaumuoatnug Aue jo uoilelotn ui Si le14) filmdoad am 8upaajje 2ut `op 01 asp auoSue mom iou `op )OU HetIs aamoaaog •Alaadoad 0141 ut JO uo saouslsgns snopaezeH Niue jo amp.' ao `aBrIols `jrsodstp `asn `aouasaad 0141 utuaad .io asnso iou jjeq aamoaaog 'saanelsgnS snopaezeH 'OZ mrl algsotiddr paatnbaa uojaeuuojui .laglo ue ulsluoo osje Him aotlou aij,j, •apgtu aq pjno's s)uauiiied ijotijm o) ssaappe 0141 pue .Iao!n°tas ueo* matt alp Jo ssaappe pue atunu a141 awls Hlm aotlou aiu, •mej ajgeotjdde pus anoge bI ijdea8und 141!m aouepa000r ul amp O12 jo aotlou ua)ium uant$ aq Him aamoaaog `aaotnaas ueo'l 01I1 jo amp a st amp 3I •a)oN am Jo IS a 01 paluiaaun aaOtnaas ueo'-I ail 3o sausijo atom Jo auo aq Amu osje aaa14y 'luatunalsuj /tunas sup putt aloN 0141 aapun anp s)uatuArd Iijgluoui sloajjoo lggl aaotnaas uio' 0141 se umoul) iilt)ua a141 ut a2urgo a ut ijnsai Amu ties d •aamoaaog of aotlou aolad lnoijlim sauq atom ao auo pios aq Firm (luamtulsuj Allman slip 141tm iatpaoi) alo(Nj am uI lsaaalut jsil.red a JO PION 0 TL 'aaotna'S ue07 ;o a2unip :atom Jo an °6T •LI gdsa2gasd aapun uopriapoor Jo 0110 014) ut SIdde iou jjsgs awisutaa of 114$1.1 Sig). `1anamoH •paun000 peq uoiieuaiaoor ou j se antlomHHg ,Cum uteuiai limp Agataq paanoas suotlatjgo atjl pug luatunusuj Altmoas St141 `aamoaaog Aq plautawlsutaa uodn •pa ttetjoun anutluoo Ileijs luatutuisul Altman sup Aq paanoas stuns am ked o) uotw8tjgo s,aamoaaog pus Apadoad atj) ut s1148u s,aapua-1 luauinusuj Spinoas sup jo Imp app 14141 aansse 01 gimbal Ajgeuoseaa Meat aapuaq se uotpwr tjons Swirl (p) pue :saaj ,s/Cauaolw ajgsuoseat `o1 pa)itut! iou inq 'u!pnpui luatuna)suj Alunoas sup 8upiojua ut paaanout sasuadxa j(e sArd (0) :8luatuaaa8e JO siuruanoa zaglo /Cur jo ijnejap /Cur saano (q) `.paun000 peq uot)eaajaooe ou 31 sr a1oN atp pus luatutulsul AlunOaS sup aapun anp aq pjnom uatjl 14O114m stuns Hg aapual &Crd (g) :aamoaaog trip tar suotltpuoo asot ,j, •luatunalsul A)unoas still 8upaoJua ittalu2pnf a jo Alma (q) .lo :luatunxisuj Alunoas slit ut paule)uoo ajes jo aamod iiue of luensand Spadoad a ii jo 0!111 aaopaq (luatuaiwsutaa aoj Ajpads iisu1 MEI ajgeotjdds se pouad aaglo pons ao) sAep S (e) :3o .latlxea a141 0l mud amp ,Cue 111 panutluoostp )uautna)suj AlunOas slip Jo )uatuaO1OJua ane14 0l 114810 0141 anetl pugs aamoaaog `suotltpuoo wino swam aamoaaog 31 •31e1SIIIOW 01 ltj$RI s,l3m011011 '8i •aamoaaog uo puetuap ao aotlou aaqunj inotptm luaunuisuj A)unoas sup Aq paiuuuad saipautaa Aur alonut Amu zapua-I `pouad sup jo uotiratdxa 0141 o1 aoud stuns asagi /Cud o1 sited aamoaaog ;j 'luaumalsuj A unoas sup Aq paanoas stuns Ile gird lsnttt aamoaaog tlOtgm ut14lim pomp ao paaanljap s! aotlou atf alrp ails tuoi3 s/iep pE tutu ssaj lot jo pouad E apt■old He14s 00110u 014.E 'uotieaajaoos Jo aotlou aamoaaog ants Hugs aapuaq `uotido suit sastoaaxa lapuag 3I ivautnaisuj AlunOOS sup Jo awp am ;o se msj Is.Iapa3 ,iq paiign oid si aspaaxa 3t aapual Aq paspaaxa aq iou Ilstls uotido sup `aanamoH 'luauliuisul ii)unOas sup Aq paanoas sums He Jo Ijttj ui luauard a)etpatutui aatnbaa `uotido Sit le `Agtu aapuaq luasuoo ualltam aoud s,aapua' 1no14 i (uosaad leanwu s iou st aamoaaog pue paaaaJsueal 10 pjos st aamoaaog u! lsaaalut jeto jauaq r J! JO) paaaaJsueal ao plos s! 1( u! Isamu! nitre ao i(padoad am Jo lard Slue JO IIr 3I •a3MO.JOf m lsaaalut ppgalag a s0 A adoad alp ;o aa3euei.L 'Li •luatunalsuj iC)unOas step jo pug aloNl ag1 jo /Woo patuaojuoo auo uant8 aq llr14s aamoaaog Mop s,aamouog •9i •ajgeaanas aq o) paarpap tar aMON 014) pue luatunalsul AlunOaS still Jo suotstnoad alit put sup oi •uolsInoad 2ut1Otl;uoO 0141 lnotlltm 1oaJJa uant8 aq ueo tpttlm aloN ails ao luaumalsul ,it sup jo suotstnoad aa1410 loajw iou Ileijs 1ogjuoo dons `mei ajgsotjdds tlltm s)otjlttoo mots' x141 JO luaulnalsuj ,C)unoas sup jo asnep JO uotstnoad Aug will Juana am III •pawooj st filmdoad am gOtilm u! uotlOtpsunf a141 JO met x141 pus mej jeaapaJ pauaano8 aq pugs luatunalsul if)unOas sun Ilijtgeaanas :me-I 8utuaan09 114deageaed sup ui paptnoad Se uant2 uagm aapua' ao .Iamoaaog of uani8 uaaq ang14 0) patuaap aq pugs )uauiiuisui Alunoas silt) tp aoj paptnoad aotlou Auy •aamoaaog 01 aotlou Aq saw0tsap aapua' ssaappe aatpo Jfue _to utaaag pawls ssaappe s,aapuarl 01 pm sop (sag Aq uant8 aq hugs aapua4 of aotlou ,iud •aapuaq of aotlou salraisap aamoaaog ssaappe aa1410 iiue 10 ssaappd iilaadoad 0141 of paloaatp aq Begs aotlou alts, Tom= aa14)our Jo asn saatnbaa mrj ajggollddr ssajun pm.' silo (sat; Aq 1t Bu!Hgtu Aq ao 1! 8uuantjap SCI aq imp luatutulsui AlunoaS sup ut aoJ paptnoad a0m0aa0g o1 0011011 AUNT 'sa3uoN 'OI0 l 0141 aapun amp 1uaulAedaad Sue 1noi1tm 3=1/Maid jellied r se palraai aq Iltm uotionpaa 0141 Iedpuud saonpaa punjai a 3l •aamoaaog of luatuiird loaatp a Suialr ii Aq a0 010N 0141 aapun pamo Isdpuud a14l 2utonpai Aq punJaa sup a p tl of asootp ACuu aapua-1 •aamoaaog of papunjaa aq H!m sum!' palltuuad papaaoxa 14ot4m aamoaaog wag pampa Apraa(s sums ,Sur (q) pus :Multi pailtuuad 0141 01 amp a141 =pa/ o1 ,Saessaoau Juno= ag1 Aq pampa' aq peps amp ugo( ions ,iue (E) :uatjl 'quip paftuuad 0141 paaoxa urol am g11m uot1OauuoO ut paloapo0 aq 01 JO paIOaHoO sa8ae10 ueo! aa1410 a0 Isaaalu! a141 111141 os palaadaalu! /illeutp Si me( 1 41 pur `sa8ag14O uro' tuntutxeut s)as 140t14m Mrj r of )oafgns s! luatunllsul Aiunoas sup Aq paanoas two' am JI •sa2aetD ueO'I 'ET •luas1100 s,aamOaaog wgl 1no14)tm aIoN 041 ao 111atuna1SUj 1ilunoaS sup Jo suuai a14) 01 mat 141tm suoilrpotutuo0Or litre 03(gttt JO aragaoj 'Am= `pualxa 01 =Br Amu aamoaaog aa1410 fur pug aapuai 111141 saaBe (a) pur :luatunalsul ,i)unoas slip Aq paanoas stuns am ,ird 01 pal1BHgo Allruosaad 1ou st (q) :luauttuisul Alunoag sip) jo stuaal ail aapun 'ipadoad ag1 ut lsaaalut S 10MOaaog leg( Aanuo0 pue 1ura8 `aMpout of Auto luatunl)suj IlunoaS sup 8uttt$ls -oo st (r) :aloN ag1 a1n00Xa iou stop inq luatutttlsul Ii)unoas sup su8ts -oO o14m aamoaaog ,iud •!minas pue )idol aq !jugs sittatuaaa8r pue siu1u0n00 s,aamoaaog °LT 14deat'eagd jo suotstnoad amt 01 1Oafgns `aamoaaog pue aapua' Jo Hawn pug saossaoons 0141 i(Jauaq pug puiq jig4s luatunilsul Ii)tanoas snit Jo manmade pue slueuanoo ag,l, °s131181S -0D Ieaan3S pue tutor :ptmog su2tssd pue saossaoons 'zi •Apatuaa 10 1441 ,lug Jo as1Oaaxa ail apnpaad ao jo aantrm g aq 1ou peps Apautaa a0 1441 Aue 8uistoaaxa ut aapual aoutivagaoj ,fud •isalalut u( saossa0Ons s,aamoaaog JO aamoaaog jrut81a0 Oil Aq aprtu puetuap ,Cue ;o ttoseaa Aq luatutulsuj A1unOaS slit Sq paanoas sums ail Jo uotleztpotue iC3iPotu as(maa14)o ao luaiuked ao; amp puma 02 asnjaa ao lsaaalut ui .1055000115 Attu 1stpar autpaaooid aouatutuoo 01 paatnbaa aq 1ou He14s aapua'j •lsaaalut ul saossa0Ons S I0MOJ1O .10 aamoaaog leui8tao a14) Jo Xltjtggtl ail amp.' of awaado 1011 (!1141 aamoaaog Jo 15010111! It! aossa00nS Au o1 aapuarl pa)ura2 lualututsul ,Cuanoas Si4i Aq paanoas stuns a141 Jo uotieztpou1e !o uoil1OIipotu JO luauard JOJ amp a141 Jo uotsualxg 'MAI M a 10N aapua-I gig aotleaeagaod :pasgalag l0j j aamoaaog I I sluam/Cud pans Jo limo= ail aurgo ao Z pug sgdrarard ut o1 panajaa sluatuArd /C lluotu a141 JO am) onp ag1 atodISOd JO puma 1ou rms (edpuud 01 spaaooad jo uopeoijddg Niue `5utltam ut aaa8e as(maaglo aamoaaog pug aapuaJ ssajun •anp tap) 1011 JO aa14104m `luatuna)sul iilunO0s st4l Aq patinas stuns a141 01 JO ,i110d01d 0141 JO atgdaa JO uotwaolsaa of aa1431a `uotido sit 114 `spaaooad 0141 Ajdde pug 1Oa(o0 01 paztaotpne sI aapua-! `110nt8 S( aotlou ail amp 0141 _tape s&Cep 0£ ut14ltm aapua-j Ol puodsaa 01 sprj aamoaaog `sa8rturp 10J 1111gj0 r 0(1108 .10 prime Ire 031e1U o 810330 aotnuapuo0 0141 leg) aamoaaog o1 aapuarl Aq aotlou Jape `J1 JO `aamoaaog Aq pauopuege s( Apadoad 0 g13I asp caM,taow MORTWY5.LSR v O�ECm,,;? 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 Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 20, "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 20, "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: 21. 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 paragraph 17 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 paragraph 21, 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 14. 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. 22. 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. 23. Waivers. Borrower waives all rights of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements 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)] rd A djustable Rate Rider 1 C ondominium Rider I 1 1 -4 Family Rider 1 G raduated Payment Rider 1 P lanned Unit Development Rider I Biweekly Payment Rider Balloon Rider 1 Rate Improvement Rider Second Home Rider I I O ther(s) [specify] WYOMING Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3051 9/90 (Page 5 of 6 Pages) (sated 9 3o 9 a 06/6 TOE mud iiq 1amo11og (Inns) .xamonog (Inas) .iamonog (Inas) (alup) 000Z SZ SUN :ss �iluno0 1agiunN *moos moos iaquinN Alunoas moos lacuunN Xfunoas moos .LNaWrnLLSHI NRIOdIAII1. aBNi alPPaid/a'Yi amued d11uma 012ui3 JNIY%IOAM 1 700Z `1T &zenusr :sazudxg uotssnuuzo0 AI (8u18palmouloe uosiad) TTequapuaw pTneU stuff auz aiopaq po painnouxae sum luaunulsui 8uto$aioj acl,I, IO (Fos) iaqurN Afunoas moos JaqiunNi Sumoas moos 1amo11Og (Inas) 1aMO11Og (Inos) UToaUT ONIWOAM of °d N103NI1 AO 31V1s JO 04100 011811d A V10N 33N 318f1K1 `O IIIAIOAM JO LLVIS TLT8- Z6 -8ZS iagwn *moos moos TIVHNaaNaw aIAVQ sassau1TM sassauUUM ft gltm pap.1ooaz pun zamo.uog painoaxa (s)1apu iiun u! pun fuauziulsul Suinoas step jo 9 tOnoup I sa8nd ut paui iuoo siusuanoo pun suuaf aql of saaan pun sfdaoon .janno.uog `MO'Idg DNINJIS M1 IIST9AM11101N RLIB2USI.LBM i botig. THIS FIXED /ADJUSTABLE RATE RIDER is made on this 24th day of MAY 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 Fixed /Adjustable Rate Note (the "Note to RES IDENTIAL MORTGAGE Sc INVESTMENT, INC., A CALIFORNIA CORPORATION (the "Lender of the same date and covering the property described in the Security Instrument and located at: 366 EAST 5TH AVENUE, AFTON, WYOMING 83110 [Property Address] THE NOTE PROVIDES FOR A CHANGE IN THE BORROWER'S FIXED INTEREST RATE AND TO AN ADJUSTABLE INTEREST RATE. THE NOTE LIMITS THE AMOUNT THE BORROWER'S ADJUSTABLE 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. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial fixed interest rate of 10 400 a change in the initial fixed rate to an adjustable interest rate, as follows: 1. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT CHANGES (a) Change Dates The initial fixed interest rate will change to an adjustable interest rate on the first day of JUNE 2002 and on the first day of the month every 6th month thereafter. Each date on which the adjustable interest rate could change is called a "Change Date." (b) The Index Beginning with the first Change Date, the interest rate will be based on an Index. The "Index" is the average of the London interbank offered rates for six month dollar deposits in the London market based on quotations at five major banks "LIBOR as set forth in the "Money Rates" section of The Wall Street Journal, or if the Money Rates section ceases to be published or becomes unavailable for any reason, then as set forth in a comparable publication selected by the Lender. The most recent Index figure available as of the date 45 days before each Change Date is called the "Current Index." (c) Calculation of Changes Before each Change Date, the Lender will calculate my new interest rate by adding SIX AND 750/1000 percentage point(s) 6 750 to the Current Index. The Lender will then round the result of this addition to the nearest one eighth of one percentage point (0.125 Subject to the limits stated in Section 1(d) on the following page, this rounded amount will be the new interest rate until the next Change Date. Fixed /Adjustable Rate Rider Libor 1956016 (95101 FIXED /ADJUSTABLE RATE RIDER (LIBOR Index Rate Caps) Page 1 of 3 ELECTRONIC LASER FORMS, INC. 18001327.0545 666 Loan Number 528928171 The Note also provides for to Z °Bed (0196) 9609g66 Jmin ism elea elgelsnfpy /paxu 3i Iapua' pasiolaxa aq mu pugs uoildo sup `Ianamoll •luaturuisul Animas sup iiq paanoas sums rig 3o IIn3 ui ivaut,iud aleipaunui alinbal uoildo s1i lu ',sate Iapuaj luasuoo ua11tIM loud s,Iapuoi inogitm (uosiad ltlniau iou st 10M0.1.1011 puu pallajsut11 Jo Nos si Iamollog tit'Isalalu! lutotjauaq u jt .to) pallajsut11 JO Nos st ii ui isa.talut Aim JO ei1adold aqi jo tied i(uu JO Ile 3I •aannoaaog Ut 1sa ralul IBiamauag u ao £padoad at11 jo aajsuuaZ :smoiio; st pax of papuauie aq Bugs luauituisul Animas am Jo LT itreuano0 uuojtun puu 'papa tit aq of asaao uagl pugs anoqu (T)ET uopoas tit pautuluoo luatunllsul Animas am 3o LT lueuanop tuloj.iun `anoqu v uopoaS ui paluls scum am lopun a1ul lsatalut aiqulsnfpe uu of sauago aluz lsatalut paxg ltiliu! s,Iamollog ua1M 'Z •Iamollog uo puuutap Io aoilou Iag1nJ inoglim luauitulsul ii1unoos sup ,iq paiuuuad satpatual Niue allonui Amu Iapual `pouad sup jo uopuaidxa agi of .loud stuns asap /Cud o1 sliuJ Iamouog 31 •luatun11su1 AlunoaS sup Aq pa.moas stuns Ile Aud isntu IaM01i0H goigM uigliM paliaut Jo poIonilap si a0i10U 3g1 amp 3111 U1013 &iup OE UM SS 31 1011 JO potlad apinotd hugs aoilou 3111, •uoilulalaoou Jo aoilou Iamollog OATS hags .tapua7 `uoildo sup sasioaaxa Iapual 3I •luatunilsul'ilunoaS sup Jo alup agi 3o se Mal laaapoj Aq paligigoad si astolaxa 3i Iapua7 i q pasioiaxa aq iou pugs uoildo sup `Ianamog •luaumlisul JCiunoas sills fig palnaas sums IF jo itn3 ui luau /Cud altipatutui •alinbal `uoildo sii lu `Matti Iapua' luasuoo ualipm Loud s,Iapual inogitp (uosiad lalnluu 10U si Iamollog pea pauojsUBI1 so Nos Si I3M0110H UT 1s3z0111i laioijouaq a 3i Jo) pallOJsua11 10 plos si 1i u! 'Isamu! Acre .ro rillad0id agi jo tied Xua 10 iiu 3I •aannoaaog ui 1sa.ra;ul MINJauag g JO Allado td at11 Jo INSUB cZ :smolloj su sapinold luaturu1sul Alunoas aii Jo LT luauanop uuoliun `anogt d uoiloas ui paluls Stulal am Iapun am' Isamu! aiqulsnfpu ua o1 sauago OIel lsaaalui paxp lupiut S 10A011og Bien i 1IIAAO1RIOg AII .LSN2I LLNI V' 110 Al IIIdO1Id HILL JO 1IISNVILL L •aoilou am 2uipiaaz suopsanb Niue IaMSUR !pm own uosiad u Jo Iaqurnu auogdalai pea aim am oslu puu Iamortog agi 01 uani2 aq o1 Mal palinbal uoptuuoJui aprgoul 'pm aoilou arid, •aVuego ,iuu Jo alup anpoOJJa alp =jai Iamollog am 01 luaut1ied )Clgiuom Mau ag1 J0 lunoure atll put a1u.t Isalalui aiqulsnfpu agi Ut sa2uugo iiva 3o aoilou a hues JO IanliOP II ?M Iapua-1 ata sagumto 3o aapoSl (i) •u!ESu sauugo luatuiiud Appuouz a jo lunotuu am itlun awl aSuug0 agi mpg alup maul/Cud Algluotu 1SIIJ am uo ajga,iad pun anp aq Iltm luaui&ud Algiuout Mau gota 30 lunoure ata •a1uJ auug0 goua uo antloappa auzooaq !Tim awl Isamu! aiqulsnfpu Mau gong S9 1RR1D 3o altQ anilaaJ3g (a) „am21 utnutlu!JA 1 am Paltuo Si goigM 0 0 D 0 T utgl ssal .10 „01x11 tuntutxuyAl„ ail pallao si 'PTA `a% 0 0 Ii 9 T uugi Ialua12 aq lane Him a1e1 1salalut aiqulsnfpu agZ •sgiuout 9 auipaoatd am 2uunp alquoilddu Isamu! jo alul am mop 0 0 0 T sluiod aRuluaolad 0 0 0 T 0 0 0 QM/ HMO umgi al0nt Sq alaQ aumID 0I5uts �fut uo pastaloap 10 pasaalout aq Ianau II!M a1tl isaaalui aiqulsnfpu am `Ia13talagj 0 0 I; 0 T uagi Ssal I0 0 0 Ti T T ueil Ia1ua12 aq 1ou Ii!M a1tU amp lszg ag11u aitl 1Salalui ag L sauR4O awn lsaaalul uo slnuf (p) luau/Cud iililuoUu Mau ag1 aq 'pm uopalnoluo sup Jo ilnsal ate, •sivatukad lunba Allupuuisgns ui am' isalalui Mau ag1 1u a1uQ iiliznlayq ag1 uo pre ui ma autg3 ag1 3o st aouuluq ludiouud piudun am Tidal 01 luatot,JJns aq mom lags luauaad Algluotu alp J0 lUfl0UJ agi auiuualap uagi rpm Iapu0Q t99 !"roe. Q A, 5,7' vraTzsnze«a RLIB2US3.LBM exercise is prohibited by federal law as of the date of this Security Instrument. 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 also may 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 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 delivered or mailed 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 Fixed /Adjustable Rate Rider. ✓1 (0 Zi:/ t (Seal) (Seal) DAVID METDENHALL Borrower Borrower (Seal) (Seal) Borrower [Sign Original Only] Fixed /Adjustable Rate Rider Libor 1956016 (9510) Borrower Page 3 of 3 668