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HomeMy WebLinkAbout974308N' NI TITLE CO. PO BOX 856 THAYNE, WY 83127 Afoer Recording Return To: UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC 15550 LIGHTWAVE DRIVE SUITE 200 GUMMIER, FLORID 33 Loan Number: 0008056939 RECEIVED 11/25/2013 at 4:26 PM RECEIVING 974308 BOOK: 824 PAGE: 544 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY [Space Above This line For Recording Data] MORTGAGE MIN: 100059600080569390 MFRS Phone: 888 679 6377 DEFINITIONS Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certainrules regarding tie usage ofwords used In d document= also provided in Section 16. (A) "Security Instrument" this document, which is dated NOVEMBER 19, 2013 together wrthaflRidecs to this document. (B) "Borrowex"is WILLIAM R LAJINESS and DANA J LAJINESS, HUSBAND AND WIFE Borrower is the mortgagor under this Security Instrument (C) "MERS "is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS h the mortgagee un.derthis Security Instimnen t MERS is organed and existing under the laws ofDe] aware and has an address and telephone number ofP.O. Box 2026, Flint, MI 48501 -2026; tel (888) 679 -MFRS. (D) "Leuder"is UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC Lenderisa FLORIDA LIMITED LIABILITY COMPANY and existing under the laws of FLORIDA Lender's address is 700 NW 107TH AVENUE 3RD FLOOR, MIAMI, FLORIDA 33172 -3139 (E) Note "means the promissory note signed by Borrower and dated NOVEMBER 19, 2013 The Note states that Borrower owes Lender ONE HUNDRED FORTY THOUSAND AND 00/ 10 0 Dollars (U.S. S .14 0, 0 00.00 plus interest Borrower has promised to pay this debt m regular Periodic Pay: rents and to pay the debt in full not later than DECEMBER 1, 2043 (E) "Froperty" neans the property that is described below under the heading 'Transfer ofRi ghts inthe Property," INYOM ING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT MERS Fium3051 1/01 Pagel of 14 DedWagIcebrana www.doanaglc.com 0;44 (G) "Loaremeans the debt evidencedbythe Note, plus interest, anypxepayment charges and late charges gees due under the Note, and all sums due under this Security Instrument, plus interest (H) "Riders "meansallRidecs to this Security1nstnxment that are executedbyBorrower- The fallowing Riders are to be eked by Borrower [check box as applicable]: Adjustable Rate Rider BalloonRader 1-4 Famtly Rider CondomivaznnRider Planned Unit Development Ruler BioveeklyPayment Rider LX) SecondHome Rider Other(s) [spec r] (1) "AppliicableLaw" means alleontroDk g applicable federal, state and bcalstatutes, regulations, ordinances and active rues and o1 ers (that have the effect of law) as well as all applicable faun], non appealable judicial °Pin ons- (d) "Community Ass ociation Dues, Fees, and Assessments "means endues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar ortion. (K) "Ebctmnic1onds Transfer" means ar rransfer affiaids, other thane trans actiauerigirmted by check, drag, or similar paper instrument, which is initiated tlxroughan electronic terminal, telephonic instrument, computer, puter, or magnetic tape• so as to order, instruct, or authorize a financial institution to debit or credit an account Suchterm includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clean ghouse transfers. (L.) "EscrvwItems" means those items that are described in Section 3. (M) "MiscefaneousPtoceeds" nears any comma, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds pail under the coverages described in Section5) for: (0 damage to, or destruction of the Property OD condemnation or other taking ofall or anypart ofthe Property (iiii cons eyance in lieuofc ondemnation; or (iv) misrepresentations oo or omissions as to, the valve and/or condition ofthe Property. (N) "Mortgage Insnrancerreansinsurance protectingLeuderagains' tthenonpayment g ordefaulton,theLoan. (0) "PeziodicPayment" means the regularly scheduled mount due for (i) principal and interest winder the Note, plus R any =auras under Section3 ofthis Securkylnstnunent (P) "RESPA "means the RealEstate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from tine 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 allrequirenoents sad restrictions that are imposed inre, and to a "federally related mortgage loan" even ifthe Loan does not Tali* as a '!federally related mortgage bare" under RESPA_ (Q) "Successozi n Iatexest of Borrower"means ar ypar yt2at bas takentitle to the Pi operty, whether or not that partyhas assumedBorlowerfs obligations under the Note and/or this Security Instrument. WYOMING- SingleFamily- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MFRS Form3051 1101 Paget of 14 ww =rag TRANSFEROF RIGHTS IN THE PROPERTY This Security Instiumert secures to Lender: the repayment of the Loan, and an renewals, extensions and modifications of the Note; and (ii) the pie of Borrower's covenants and agrees under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and conveyto MFRS (solely as nominee for Lender and Lendefs successors and assigns) and to the successors and assigns ofMERS, withpower of sale, the folbwiong described property located in the COUNTY of LINCOLN [Type ofRecacdiig Airsdi crony Faroe ofRecocdigg Just dktion3 LOT 71 OF STAR VALLEY RANCH PLAT 18, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT FILED ON MAY 3, 1979 AS INSTRUMENT NO. 523540 OF TEE RECORDS OF THE LINCOLN COUNTY CLERK. A.P_N,: 12 3418 05 3 01 013.00 which currently has the address of 15 PORTO PLACE ISaeetl STAR VALLEY RANCH Wyoming 83127 ("PropertyAddressl: icy) Izip co TOGETHER WITH all the improvements now or hereafter erected on the property, and an easements, appuctenar ces, and &tu res now or hereafter a part oftbe property. All replacements and additions shall also be coveredbylhis SecnrityInstrmoent. Allofthe foregoing is .cfzu.cdto intik Secucitybostiument as the 'Property." Borrowerundentands and agrees that MERS holds onlylegaltitle to the interests gcantedbyBorrower in this Security Instrument, but, ifnecessary to comply with law or custom, MERS (as nominee for Lender and Lendees successors and assigns) has thelien: to exercise any or altofthoseinterests, including, but not Braked to, the right toforecbse and selltbeProperty; and to take any actionrequited offender including, but not limited to, reieasingand canceling this Secuaitylnstnmaent, BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonnwer warms and wiIl defend generanythe title to the Property againstallclain3s and demands, subject to any encumbrances ofrecord. THIS SECURITY INSTRUMENT combaresu nifnsancoveuawsfor nationalise andtoaruauiformoovenarin limited variations by jurisdiction to constitute a uniform security instnanent covering real property. UNIFORM COVENANTS. Borrower and Lewder covenant and agree as follows: 2. PaymentofPrincipsxl,iate et,Escrowltems,PYepatiment ges,andlateChatges. Borrower shall pay when due the prmcipalof and interest on, the debt evide need by the Note and arty prepaymentcharges and late charges due under the Note. Borrower shall also pay finds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be trade in U.S. currency. However, if any check or other inshu n ert received by Lender as payment under the Note or this Security Instrument is retuned to Lender unpaid, Lender may require that any orafsubsequent payments dueuader the Note and this .See ylzsl u trantbemadem one Gramm ofthe folbwing tarns, as se]ectedbyLender: (a) cask (b) money ceder; (c) cetti&d check, bank check, treastuet's check or cashier's check, provided any suchcheck is drawnapou intimidation whosedeposits are iasmed by a federal agency, instrumentally, or entity, or (d) Electronic Funds Transfer.' W G Sk IeFamiIy— Fannie Mae/Freddie Mac. UNIFORM INSTRUMENT- S MERS rm 3051 1/01 DoeNaglaChves www.doartaglacom X46 Payments are deemed received by Lender when received at the location designated in the Note or at such other location as maybe designated by L ender in accordance with the notice provsiaxs in Section 15. Leander may return artypaprent or patialpayme nt ifthe payment. or partial payments are to bring the Loancurrent. L ender may accept any pmt or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial pays in the future,, but Lender is not obligated to apply such payments at the tine suchpayme r is are accepted. IfeachPerxodie Payments applied as of its scheduled due date, then Lender needaot pay interest ontanapp1 edfunds. L ender may hold suchunappliedfunds tmtiI Botrowe r makes payment to bring flee Loan current IfBorrower does not do so within a reasonable period of time, Lender shall either apply such fiends or return them to Borrower. Ifi of applied earlier, such funds wilt be applied to the outstanding principal balance tinder the Note is mediately prior to foreclosure. No offset or claim whichBorrower might have now or in the future against Lender shafrelieve Borrower front. making payments due tinder the Note and this Security Instrument or perfornoirig the covenants and agreements seared by this Serenity Imo. 2. Appkcttlon of Payments or Proceeds. Except as otherwise described in the Section 2, all payments accepted and applied by Lender shalibe applied in the following order ofpriorby: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Sectian3. Suchpayments sbanbe applied to eachPeriodic Payment in the order in which it became due. Any rerrmamng amounts shall be applied fast to late charges, second to any other amounts die under this Security ity Instrument, and then to reduce the prinncipal balance ofthe Note. IfLender receives a payment from Borrower for a delinquent Periodic Payimert which includes a suf chit amount to pay any late crime due; the pant way be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding Lender may apply any payment received front Borrower to the repayment ofthe Periodic Payments i£ and to the extent that, eachpayroent can be paid in full To the extent that any excess exists after the payment is applied to *refill or more Periodic Payments, suchexcessmay be applied to any late charges due. V ohartary prepayments shallbe applied f to anyprepayment charges and then as described in the Note. Any application ofpaymetes, insurance proceeds, or Miscellaneous Proceeds to prarccipaldue ender the Note shallnot extend or postpone the due date, or change the amount, ofthe Periodic Payments. 3. Funds for FscrowItems. Borrower shall pay to Lender on the dayPeriodic Pam are due tinder the Note, until.the Note is paid in fixl, a sum (the 'Funds") to provide far payment ofan:a nnts due for: (a) taxes and assessrnentsaxnd other items whichcanattainpriority over this Security Insi moent as a ]ien or ire on the Property, (b) leasehold payments or ground rents ontbe Property, if any, (c) pre nibros for any and all insurance requited byLennder under Section.% and (d)M a Inttrancepreminnis, ifany, oramnysumspayablebyBox ower to Lender ie lieu ofthe payment ofMortgage Insurance in accordance with the provision ofSeetion 1R Theseirems are called 'Escrow Itens." Atorigimationorat anytime during the termoftheLoan, Lendermayrequire that ConamtaxiyAssociationDues, Fees, and Assessments, rams be a sc rowedbyBorrower, and suchdues, fees and assessments shall be anEscrow Item. Borrower shallpromptlyfurrlish to Lender Omni es ofamotmts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Fends four any or allEscrow Items. Lender may waive Borrower's obligation to payto Lender Funds for mayor allEscrow Berns atanytime. Any suchwaivermayoniybeitwritieng. kite event ofsuchwaiver, Borrower shallpay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, ifLeaderrequires, shallfi oshtoLennderreceiptsevidencingsuehpayrrnnt witharsuchtine period as Lender mayrequire. Borrower's ohlgationto nnakesuchpayments and to provide receipts shallfir allputposes be deemed to be a covenant and agreement contained i this SecurityImmanent, as the please "covenant and agree" is used in Section 9. IfBorrower is obligated to pay Escrow Items directly, pursuant to awaiver, and Borrower fails to pay dm amount due for anFscxuwItem% Lendermaye xerese is rights wader Section 9 and pay such amount and Borrower shall these be obligated under Se ction9 to repay to Lender any such amount L ender mayrevoke the waiver as to any oraliEscrow Items atar}yti re by notice,givenil accordance with. Seetirm 15 and, upon suchrevocation, Borrower shallpay t Lender ali Funds, and in such that are then required underthia Section3. Lendermay, at any tire, collect and hold Funds inanamou nt(a) sufficient to permit Lender to apply the Funds at de tine specified under RESPA, and (b) not to exceed the ma rruaanamcrunot a lender c anrequir hander RESPA. WYOMING -Si eFamity- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MFRS Form 3051 1/0 Pape 4 of 14 DoclagleentaNgs www.docmagle.com 0b47 Leader shall estimate the amount ofFuods due onthe basis ofctrrent data and reasonable estimates ofexperditures offuture Escrow Iterrs or otherwise in accordance with Applicable Law. The Fluids shall be held in an institution whose deposits are insured by a federal agency,. instrumentality, or entity (including L ender, ifLeanler is an instibitiOn whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to paythe Escrow Items no later tbanthe time specified tinder RESPA. Lender shall not charge Borrower fear holding and applying the Funds, annually analyzing the escrow account or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Leader to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid onthe Funds, Lender shat rot be required to pay Borrower any interest or earnings on the Funds. Borrower andLender canagree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting ofthe Funds as required by RESPA. Ifthere is a surplus ofFunds held in escrow, as defied under RESPA, Lender shall account to Borrower for the a acessftmds in accordance withRESPA. Ifthere is ashortage of Funds held in escrow, as defineduaderRESPA, Lender sballnotifyBorrower as wed byRESPA, and Borrower shalipayto Lender the aanuntnecessary to make up the shortage in accordance with RESPA, but in no more than 12 moathby payments. Ifthere is a deficiency of Funds held in escrow, as defined under RESPA, Lender sballnotifjBorrower as required byRESPA, and Borrower shailpayto Lender the amoral necessaryto make up the defciencyinaccordaonce with RESPA, but inno more than 12 monthly payments. Uponpaymentinfilofafsums secured by this Security lnstmmer LendersbafpromptlyrefandtoBorrower anyFunds held by Lender. 4. Charges; Liens. Borrower shalt payalltraces, assessments, charges, fines, and impositions attrrbutable to the Property which can attain priority over this Security' instnanant, leasehold payments or ground rents on the Property, ratty, and Commumly AssociatianDoes, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shallpay them in the warmer provided in Section3. Borrower shall proxrhptly discharge any then which has prsorily over this Sectaitylostnmhevt uniessBorrower.: (a) agrees in writes to the payment ofthe obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement (b) contests the lien in good faith by, or defends against enforcement ofthe lien in, legalproceediigs wbichinLender's opinion operate to prevent tine enforcement ofthe lien while those proceedings are pendia& but only until sachproceedings are concbxded; or (c) secures fromthe bolder of the lien an agreeuoennt satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part ofthe Property is subject to a lien which can attaiaprinrky over this Security Instrument, Lender mey give Borrower a notice identifying the lien. Within 10 days ofee. date on which that notice h given. Borrower shall satisfy the lien or take one or more ofthe actions set forth above inn ds Section 4. Lender Mayrequire Borrower to pay a one -tune charge fora real estatetaxverifcation and/or reporting service used by Lender in connectionwith this Loan. 5. Property Insurance. Borrower shall keep the improvements new existing or hereafter erected on the Property insured against bss by She, hazards anchnded witbinthe term "extended coverage," and any other hazards incbadung, but not limited to, earthquakes and floods, f>r whichLender requires insurance. This insurance abaibe maintained it the amounts (including deductrble levels) and far the periods that Lender requires. What. Lender requires pursuant to the preceding sentences cancbange during the tear aftbe Loan. The insurance carrierproviding the i nsnzzance sbafbe closenbyBorrower subjectto Lender's right to disapproveBou ower's choice, whichrigbt shall not be exercised unreasonably. Larder mayrequiire Borrower to pay, inconoectionwiththis Loan, either: (a) a one- tire charge for flood zone determination, certification and tracking services; or (b) a one -time charge for flood tonne determination and certification services and subsequent charges eachtimerernoappngs or similar changes occur which reasonablymigbt affect suchdetenn innatianor certification. Borrower sbaf also be respeoslblefor the payment of any fees imposed by the Federal EmergencyManagement Agency in connection with the review of any flood zone determi nat n:coo Ling from all objet tionrbyBorrower. IfBorrower this to maat air any ofthe 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 egoityin the Property, or the contents ofthe Property, against any risk, b>axard or liability and rnigbt provide greater WYOMING IeFaamilyh- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT. MRS Form 3051 1/0 Page5 of 14 DeelitagleCitmos www.doentagic.com or lesser coverage than was previously in effect Borrower acknowledges that the cost oftbe insurance coverage so obtained might significantly =reed the cost ofihsurance thatBorrower could have obtained. Anyamoumts disbursed by Lender under this Section5 sballbecomeaddit ionaldebtofBorrower securedbythis Secuaitylnsmurent These amounts shall bear interest at the Note rate from the date of disbursement and stone payable, with such interest, uponrhotke from Lender to Borrower requesting payment Ali insurance policies required by Lender and renewals of such policies shall be disapprove suchpolicies, shall include a standard 'no a subject to Lender's orb to i�m3 clause, and sballrramoe Leader as mortgagee and/or as an additional loss payee. Lender shallbave the right to hold the polices and renewal certificates. IfLender requires, Borrower shallpromptly give to Lender allreceipts.o£ paid premiums and reriewatnotices. IfBorrower obtains any form ofirns►rancecoverage, not otberwiserequired by Lender, for damage to, or destruction the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. Intbe event ofloss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender anayhnake proof of loss if not made pros rptly by Borrower. Unless Lender and Borrower otherwise agree ith writing, arty insurance proceeds, whether or not the underlying insurance wasrequi rd byLeader, shaltbe applied to restoration or repair ofthe Property, ifthe restoration or repair is economically feasible and Lender's security is not lessened. During suchrepair and restorationperiod, Leader sballbave tbe rat to hold suchinssnrance proceeds untiiLender has bad an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfictioa, provided that. such inspection shall. be undertaken promptly. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series ofprogness payments as the work is completed. Unless an agreement is made inwr writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender sballnot be required to pay Borrowerancy inrerestor earnings onsuchproceeds. Fees for publi sadjusters, or other thud parties, retained by Borrower shall not be paid out of the insurance proceeds and stellbe the sole obligation ofBorrower. Ifthe restoration orrepair isnot econommcaltyf`easrble or Lender's securitywouldbe lessened, the *surer= proceeds shafbe applied to the stars secured by this Sectrity-lretr went, whether ornottbendue, with the excess, ifarry, paid. to Borrower. Such insurance proceeds shall be applied in the order provided for in Section3. IfBorrower abandons the Property, Lender may file, negotiate and settle any available insurance chin and related matters. IfBorrower does not respond wid in30 days to a notice fromLender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or ifLender acquires the Property under Section 22 or otherw e, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an =aura not to exceed the annum unpaid under tbe Note or this Security Instruncent and (b) any other ofBorrower's rights (other thanthe right to any renal ofuweahned premiers paid by Borrower) under all insurance policies covering the Property, ipso ai* as such rights are applicable to the coverage ofthe Property Lendermayuse the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Sec .y Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within60 days after the e xecutionoftbisSecnrityInst and chalk-endue tooccupythe Property as Borrower's principalresidenr a for at least.omyear of er the date ofoccupancy, unless Lender otherwise agrees inwritag, which consent shallnot be urreasonablywi tit eld, or unless extenuating circumstances emit which are beyond Borrower's control. 7. Pr etervatian, Maintenance and Protection of the Praperty;lnspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste mew Property. Whether or not Borrower is residing in the Property, Borrower shall maintain tbe Property in order to prevent ibe Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econon±ally Sasg3e,. Borrower shall promptly repair the Property if dame ged to avoid Ember deterioration or damage. If: insurance or cordemuattonproceeds are paid in connection.wth damage to, or the taking of the Property, Borrower sha]lbe responsible for repairing or restoring the Property only ifLender has released proceeds far such purposes. Lender may disburse proceeds for the repairs and restorations in a single payment or in a series ofprogress payer as the work is completed. lithe insurance or conderztaationproceeds to repair or restore the Property, Borrower isnot relieved ofBorrower's ob are not st> enf or restoration bgationfotrtlhe corhipletmaafsurchrepair WYOMING-5m& Femity—Fannie MaelFreddie Mac UNIFORM NSTRUMtTtt- MERS Form3051 1101 Page6 <0 14 occfia Mums 0549 Lender oritsagentmaynmke reasonable entriesuponandinspect softheProperty. If* has reasonabiecause, Lender may inspect the interior ofthe improvements onthe Property_ ,Lender shall save Borrower notice at the time ofor prior to such en interior inspection specifying suchreasonable cause. S. Borrower's Loan Application. Borrower shall be in default it during the Loan application process, Borrower or anypersonsoresmi eesactingatth ed* ectionofBorrowerorwithBorrower's knowledga or consent gave materiafy false, misleading, or inaccurate action or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limbed to, representations concerning Borrower's occupancy ofthe Property as Borrower's pries ipalresidence. 9, Protection of Lender's Interest in the Property and Rights Under this Security Instramtent. If (a) Borrower full to perform the covenants and agreements coshed in this Security Immanent, (b) there is a legal proceedingtbat night significantlyaaectLender's iuterestin. tbe Property and/or rights under thisSecuriyltstnunert (such as a proceeding inbanlzvptcy, probate, far condemnationor Stature, for enforcearentofa lien which may attain priority over this Seauity Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect interest in the Property and rights under this Security Instrument, including protecting and/or assessitgthe value ofthe Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a)payktg any SUMS secured by a Tien whichhas priority over dais Secuuitylnstuument (b) appearing incourz and (c) pay*g reasonable attorneys' fees to protect its interest in the Property and/or rights-under this Secwr$yImtnanent, including as secured position in a bankruptcy proceeding.. Securing the Property iocl des, 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 outer code violation or dangerous conditions, and have utilities turned on or oo Although Lender maytake action under this Section9, Lender does not have to do so and isnotunder any duty or obligation to do so. It is agreed that Lender incurs no Iiabiay for not taking any or an action; authorized under this Section 9. Any amountsdisbuasedbyLenderurrierOrb Section.9 shallbecomeaddit oraldebtofBorrower securedbytbis Security Instnauaent. These amounts shal[bear interest at the Note rate f om.the date ofdisbursement and shall be p a y a b l e w i t h s u c h i n t e r e s t u p o n n o t i c e f r o m L e n d e r to Borrower zegttestiag p If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. BorrowerslalLnot surrender tie leasehold estate and interests lereim. conveyed or terminate orcancelthegroundlease. Borrower shall not, without the express written consent ofLender, alter or amend the ground lease, lfBon+ower acquires fee title to the Property, the leasehold and the fee title shallnot merge unless Lender agrees to the merger iawxiting. 10. Mortgage Insu ance. If Leaderrequired Mortgage lusutanceasa condition o £mrakingtheLoag Borrower sballpay the premiums required to maintain the Mortgage .Insurance in effect 1f for any reason,. the Mortgage Insurance coveragerequi edbyLenderceasestobeavulabkfromthemartg ageinsurerthatpreviouslyprovidedsuch insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shalt 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 ofthe Mortgage Insurance previously in effect, from an alternate mortgage insures selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shallcontirme to paytoL ender the amount ofthe separately desig hated payments that were due when the insurance coverage ceasedto be in effect.. Lender will accept, use and retain these payments as a nonrefundable loss reserve in.lieuofMartgage Insurance. Suchloss reserve shallbe merefhodable, notwastandig the fact that the Loan isu'liitaatelypaid joint], and Lender sballnot be required to payBomowerany interest or earnings on suchloss reserve. Lender canna longer require loss reserve payments *Mortgage Insurance coverage (in the amount and fir the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requies separately designated payments toward the premiums for Mortgage Insurance. I£Lender required Mortgage Insurance as a condition, of making the Loan and Borrower was required to make separately designated payments toward the preen ms for Mortgage Insurance, Borrower shalipay the prenmrmsrequired to Mortgage Insurance in effect or to provide a norrrefundabk loss reserve, until Lender's requirement for Mortgage Insurance ends in accordancewith.anywritten agreementbetweenBorrower and Lender providing for suchternoimtion or untillermination is required by Applicable Law. Notting inthis Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. WYOMING— SingleFamily— Fannie Mae/Freddie Mac UNIFORM INSTRUMENT MERS Form 3051 1/01 Pagel of 14 Do ag ms 0550 Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain Josses it may incur ifBorrower does not repaytbe Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their totalrisk oa allsuchinsurance in farce framtirm to time, and may enter into agreementswith other parties that share or modify their risk, or reduce losses. These agreements are onterais and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These egeemervarna.yrequire the mortgage insurer to make payments using anysotrce offends that the Mortgage insurer rnayhave available (which may include funds obtained fron2Mortgage Insurance premiums). As a result ofthese agreements, Lender, any purchaser ofthe Note, another insurer, aayreirsurer, any other entity, or anyaffiliate ofanyofthe foregoag„ mayreceive (directly or indirectly) amounts tint derive from(orrnigtht be characterized as) a portiortofBoaower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurefs risk, or reducing losses. Tfsuch agreement provides that an affiliate ofLender takes a share of the insurer's risk in exchange far a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, orany other terms of the Loan. Such agreeunentsvvil not increase the anhotmt Bormwervvil owe forMoatgage Insurance, and they will not entitle Borevwerto any refund. (b) Any such agreements wilt not affect the rights Borrower has if any with respect to the Mortgage Insurance umderthe Homeowners PmtectionAct of 1998 or any otherlava These eights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage to receive arefundof any Mortgage Insurance pxemilams that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. AllMiscellaxaeous Proceeds are hereby assigned to and sbaibe paid. lo Lender. IfthePropestyis damaged, suchMisce usProceedsshallbeappliedtorestoration .orrepairoftheProperty, if the restoration or repair is economically ,feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to bold such Miscellaneous Proceeds unto. Lender has had an opportunity to inspect such Property to ensure the work has beencompkted to Lender's satisfaction, provided that suchinspectionshallbe tnndertakenpromptly. Lenderrnaypaytiar the repairs and restorationina single disbursement or in a series ofprogress payments as the work is completed. Unless an agreement is made in writing or Applicable Lawrequ res interest to be pail onsuchMisce]lar eons Proceeds, Lender shalinot be required to payBorrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's securitywouldbe lessened, the Miscellaneous Proceeds sballbe applied to the suns secured by this Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower; SnchMiscellaneousProceeds shall be applied in the order provided far in Sectiian.2. bathe evert ofa totaltakag destruction, or loss invalue ofthe Property, the Miscellaneous Proceeds shat be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower. bathe event ofa partial taking destruction, or loss in value ofthe Property ai which the fair market value of the Property arsraediatelybefore the partialtakm?, destruction, or loss invalue is equalto or greater thanthe amount ofthe sums secured bythis Security Instrument immediatelybefae the partialtaking, destruction, or loss m.value, tmless Borrower and Lender otherwise agree inwriting, the sums securedbythis SectrityInstrument sballbe reduced by the amount ofthe Miscellaneous Proceeds multiplied by the fallowing fraction: (a) the total ammmt ofthe suns secured immediatelybefore the partialtaking, destruction, or loss in value divided by (b) the fair maketvalue ofthe Property inxrediatelybefixe the partial fakir, destruction, or loss in'valve. Anybalance shalbe paid to Borrower. Infix event ofa partial taking destruction, or loss in value ofthe Property it which the flair market value of the Property imxediatelybefere the partial taking, destruction, or loss in value is less than the amount ofthe suns secured ammediatelybef re he partial taking; destruction, or bss in value, unless Borrower and Lender otherwise agree inwriting, the MiscellaneousProceeds shallbe appliedto the sumps secured bythis Securitylnstrumentwhetder or not the sutra are then due. Ifthe Property is abandoned by Borrower, or if after noticebyLenderto Borrower that the Opposing Party (as defined in the new sentence) offers to make an award to settle a claimer damages, Borrower fads to respond to WYOM ING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MERS. Form 3051 1/01 Page8 of 14 DocMagIc www.doconagic.com O 51 L ender 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 oftbe Property or to the sums secured by this Security instrument, whether or not then due. 'Opposing Party" means the third party that moves Borrower Miscellaneous Proceeds or the party against whomBorrower has a right ofaction. in regard to Miscellaneous Proceeds. Borrower sballbe in dehulr irony action or proceeding whether civil. or criminal, is begun that, is Lender's judgment, could Tesult inforfeinee oftbe Property or other materialimpairmernt ofLendex's interest in tbe Property or r*gbts under this Securitylrsstrunnent. Borrower couture sucha defxukand, ifacceleratienbas 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 oftbe Property or other material impairment ofLender's interest in the Property or rights under this Security Instrun3ent. The proceeds of any award or clean for dam that are attrabutable to the in:paamerrt of Lender's merest in the Property are hereby assigned and shailbe paid to Lender. A11Miscellaneous Proceeds that are not applied to restoration or repair oftbe Property shine applied in the order provided for in. Sectian2. 12. BorrowerNot Released; Forbearance By LenrderNot a Waiver. Extension oftbe tame for payment or rrodificatiOn ofamartization oftbe sums secured bythis Security Instrument granted by Lender to Borrower or arty Successor in Interest ofBonnwer shalinot operate to release the liabt7iy ofBorrower or any SvocessorS m Interest ofBorrower. Lender shafnot be :required to commence proceedings agasost any Successor in Interest ofBorrower or to refuse to extend time for payment or otherwise r odi r amoxt�n of the stars secured by this Security Instrument byneasonofany demandrnade bytae original.Bonrower or any Successors inInterest ofBon ewer. Any forbearance by Lender in exercising any right or xerxedy it huding without limitation, Lender's acceptance of payments fromthiid persons, entsies or Successors in Interest ofBonower or in amounts less them She amount then due, shafnat be a waiver ofor preclude the exercise of anyright or remedy. 13. Joint end SeveralLiability; Co-sigaoten Successors and Amigos Bound. Borrower covenants and agrees that Borrower's obligations and liab�7icyshallbejoau and several However, anyBorrowerwho co-signs this Security Instrument but doesmt execntethe Note (a "co- signer'): (a) is co- s%nag8au Securiyhistrument only to mortgage, grant and convey the co- signer's interest in the Property under the terms of this Security bistrumen4 (b) is not personally oblOnted to pay the sums secured by this Security Instnur,ent; and (c) agrees that Lender and any other Borrowercanagreeto extend, modify, forbear ormake any accommodatienswahr egudtothetermsofthisSecurity Instnmoent 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 obligati munderthis SecurityInsnument inwriting and is approved by Lender, sbaltobtainallofBormwer's rights andbenefitsunder this S warily Instrument. Borrower she 'aootbe released fromBorrower's obligations andliabllnty under this SeconlyInstrament unless Lender agrees to suthrelease in writ The covenants and agreements oftbis Security Instrument shall bind (except as provided in Section 24) and benefit the successors and assigns ofLender. 14. Loan Charges. Lender may charge Borrower fees for services perfmmed in connection with Borrower's default, far the purpose ofprotecting Lender's interest in the Property and alts under this Security Instrument, including, but not limited to attorneys' fees, property inspectianand valuation fees. Inregard to any other fees, the absence of express authority in this Security Instrument to charge a sperm fee to Borrower shallnot be construed as a prohibition ontae cbargingofsuchfre. Lendermaynot charge fees that are expresslyproblbit' ed bythis Security Instrument or by Applicable Law Ifthe Loan is subject to a law which sets ma imumloan charges, and that law is &ally interpreted so that the interest or other ban charges collected or to be collected in connectiionwith the Loan exceed tbe permed limits, then: (a) any such ban charge sbaltbe reduced bythe amount reduce the charge to the pelted limn; and (b) any sums already collected from Borower which exceeded pemitted l m s' wall be refmded to Borrower. Lender may choose to naaketbis refund byreduciagtie pr ncipalowed under de Note or bymaking a direct payment to Borrower. Ifa refund reduces principal, the reduction will be treated as a partial prepayment w any preps charge (whether or it a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct paymert toBorrower with constiute a waiver ofanyright ofaction onmwer �rt have arising out ofsuch overcharge. 15. Notices. Allnotices givenby Borrower or Lender in co.nnection with this Securitylnstrument mast be in writing Anynoticeto Borrower incorla anwiththisSecurit yInstnrnhertshallbedeemedtohavebeengivento WYOMING -S lepamily -ratmie Mae/Freddie Mac UNIFORM INSTRUMENT- ME RS Form3051 1/Of Page9 of 14 Dodlrigketwatia www.docrnagic.com 0652 Borrower when nailed by first class nil$ or when actually delivered to Borrower's notice address if sent by other means. Notice to arty one Borrower shallconstitutenotice to aIIBorrowers unless ApplicableLaw a presslyrequires otherwise. The notice address shall be the Property Address unless Borrower has designated a substittie notice address by notice to Lender. Borrower shallpromptly notify Lender ofBorrower's charge of address. IfLender specifies aprocedure for reporting Borrower's cue ofaddress, thenBorrower shallonlyreport a change ofaddress through that specified procedure. There maybe only one desk notice address under this Security Instrument at any one tire. Any notice to Lender sballbe givenby delivering it or bynoaiing it by first class martto Lender's address stated herreinunless Lender has designated another address bynotketo Borrower. Anynotke ia connection with this Security Instrument drama be deemed to have beeagiven to Lender until. actuallyreceived by Lender. If any notice required by this Security Iast»nt is also required under Applicable Law, the Applicable Law rev/emit wi1I satisfy the corresponding requirement under this Security Instrument 16. Governing Law; Seven talky; Rules of Construction. This Security Inst ment shaRbe governed by federal law and the law ofthe,jutisdiction inwhich tbe Property is located. All fights and obligations contained i t h i s S e c u r i t y I n s t r u m e n t are s u b j e c t t o aayrequirements and o f A p p l i e a b l e L a w. A p p l i c a b l e Law r ht explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract, In the event that any provision or clause ofthis Security Instrument or tbe Note conflicts Rte. Applicable Law, suchconflict shallot affect other provisions ofthis Sectary Instrument o r t h e Note w h i d u an.be given a ct without the conflicting provision. As used in this Security Instrument: (a) words ofthe masculine gender shafntean and include corresponding neuter words or words ofthe feminine gender, (b) words /tithe singular shall, meanaad include the plural and vice versa; and (c) the word 'May" gives sole discretion without any to take any action. 17. Borrowers Copy. Borrower shall be given one copy ofthe Note and ofihis Security Instrument 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, 'Interest in The Property" means any Iegalor benees ialirterest in the Property, /tiding, but not limited to, those beneficial interests transferred in a bond fir deed, contract trot deed, installment sales contract or escrow agreement, the intent ofwhxh is the transfer oftitle by Borrower at a fuhue date to a purchaser. Ifall or any part ofthe Property or any Interest in the Property is sold or tired (or ifBotmwer is not a naturalperson and a. beneficial interest inBorroweer is sold or transferred) without Lender's prior written consent, L ender mayrequie immediatepaymertiifrfofallsuns secured bythsSecurnylnst ent However, this option shallnot exercised byLertder ifsuch exercise is prohibited by Applicable Law. IfLender exercises this option, Lender shalt give Borrower notice of acceleration. The notice shall provide a period ofnot lesstban30 daysfromtbe delete notice k g eveniaaccordancewith.Section15 airitawhiehBorrower mast pay all sums secured by this Security hnstnerent. If furls to paythese sums prior tithe eimiration of this period, Lendermayinvoke permitted by this Security Instrument without further notice or demand onBoxrower. 19. Borrower's Right to ReinstateAfterAcceletrst ion It meets certszaciaditions, Borrower shall have the right to have entiircexoertt ofthis Securiylrsrnmsent discontinued at any time prior to the earliest of (a) five days before sale ofthe Property pursuant to any power ofsale contained in this Securityinstruenen4 (b) such other period as Applicable Law might specify for die tezmioation of Borrower's right to reinstate; or (c) entry ofa judgment enforcing this Security Instrument Those conditiits are that Borrower: (a) pays Lender all sums which thenwouldbeducunder this Securlyl rtandtheNoteasfnaaccelerationhadoccurred; (b) cures any default ofany other covenants or agreements; (c) pays alt eapereesspcurr'ed menfrrr iogthi's SecuriyInstrument, ire h hiding, but not limited to reasonable attorneys' fees, property iaspectimaud vaintannfees, and other fees incurred for the purpose ofprotectiog Lender's interest lithe Property and rights.under this Security Instrument; and (d) takes such actionasLendermayreasonablyregtxne to assure tbatLender's interest lathe Property =Alights undertbis Security Instrument, andBorrower's oblgationtopaythe sums securedby this Securityln t, shafconti oetncbagged. Lendermayregttire that Borrower pay suchreinstatement SUMS and expenses .noneor,moreofthefolbwingforms, as selectedbyLender: (a) cash; (b) maneyordex; (c) certified check, bank check, treastu+er's check or cashier's check, provided arrysuchclteck is drawnuponan instku000n whose deposits are insured by a ftederalagenc.y, instrumentally orent ty or(d)Electronk Ponds Transfer. tiponreinstaternettbyl3orrower, thisSecuciyl inn tandobligatians WYOMI4G eFamily Fannie MaetFreddie Mac UNIFORM INSTRUMENT MERS Fort 3051 1r Pape 10 of 14 nocareoictiarass wwo+.doamagk.com O53 secured hereby shallrentam £idly effective as if zoo accelerationhad occurred. However, this right to reinstate shall. not apply in the case o£accelerationunder Section 18. 20. Sale of Note; Change of loan Servicer, Notice of Grievance. The Note or a partialitterest lathe Note (together with this Securirylnshzment )canbe sold oaeor more times wit out pr notice toBorrower. Asalerotate result in a cbmge in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Secunly Instrument and performs other mortgage loan servicing obligations ,ender the Note, this Security Itastramat, and Applicable Law. There also alight be one or more changes ofthe Loan Servicer auhrelated to a sale ofthe Note. Ifthere ire change ofthe LoanServicer, Borrower willbe given written notice ofthe change wbichwi state the zteme and address ofthe new Loan Servicer, the address to wbichpayments should be made and any other inforatationRESPA requires in confection with a notice oftransf r of servicing, Iftlae Note is sold and thereafter the Loanis serviced bya Loan Servicer other tbanthepmehaserofthe Note, the mortgage loan servicing obligations to Borrower wz11 rentainwith the Loan Servicer or be transferred to a successor', oar Servicer lad are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neirber Borrower nor Leader may commence, join, or be joined to ar 'judicial action (as either an individual litigant or the member ofa class) that arises fromthe other party's act onspvrsua nt to this Securitylastrumnent or that alleges that the other party has breached atzyprovision of or arty duty owed by reason oo this Security Instrument, untftsuchBonower orLenderbasnotifedfloeotberparty(w ih suchaoticegivenincomgoliancew $.htber 2s of Section 15) ofsuchalkgedbreach aid afforded the other party hereto a reasonable period after the givnoo ofsuch notice to take corrective action. IfApplisable Law provides a time period which roust elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph The notice of acceleration and opportunity to care given to Borrower pursuant to Section22 and the notice ofaccelerationgiven to Borrower pursuant to Section 18 shalt be deemed to satisfy the notice and opportunity to take corrective action provisions ofthi SSection2O. 21. Hazardous Substances. As used in this Section 21: (a) 'Hazardous Substances" are those substances defined as toxic orhazardous substances, pollutants, or wastesbyEnvfronmentalLaw and the following substances: gasoline, kerosene, other flammable or tomb peiroleu rnproducts, toxic pesticides and berbicides, Volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials (b) 'Environmental Law" means federal laws and laws oftbe jun di Lion where the Propertyis bcatedtbat relate to health, safietyor envaonmeatalprotectior>; (c) "Environmental Cleanup" includes any response action, remedial action, or removal a ctiam, as defined in Environn ental Law; and (d) an "Environmental Condition" means a condition that an cause, cor bate to, or otherwise trigger an Environmental Cleanup. Borrower shajh tcauseorpemritthepresence ,use, disposal, storage, or release ofanyHazardous Substances, or threatento release anyHazardous Substances, on or in the Property. Borrowersbaltnot do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Enviromnental Condition, or (c) which, due to the presence, use, or release ofa Hazardous Substance, creates a condition that adversely affects the valve of the Property. The preceding two sentences shall not apply to the presence, use, or storage onthe Property ofsmalquantities ofHazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shallpromptly give Lender written notice of(a) any investigatibn, claim, demand, lawsuit or other actsonbyanygavermnentalorregulatory agencyor private patty involving the Property andaayliazardous Substance orEnvirommentalLawofwhichBorrower has actualknow ledge, (b) anyEnvironmentalCorditiOn, iociudugbutnot liu>ited to, any spy leaf discharge, release or threat ofrelease eery Hazardous Substance, and (c) any condition caused by the presence, use or release ofa Hazardous Substarce which adversely affects the value ofthe Property. If$orrower learns, or is notified by any govemnhestalor regulatory autboriy, or anyprivate party, that any removal or other remediation of any Hazardous Substance adlictitg the Property is may, Borrower shall promptly take a faecessatyrenoedialacti ms inaccordance with Envkorever +al Law. Nothing lezein shallareate any obligation onL ender for an Environmental Cleanup. WYOMING —Si eFamily— Fannie MaeT:reddie Mac UNIFORM INSTRUMENT- MFRS Form 3051 1/Of Page 11 cQ' 14 Doc/Nagle egtictiC w doanag 0554 NON (FORM COVENANTS. Borrower and Lender further covenant and agree as Slows: 22. Aeceleration; Remedies. Lender shalt give notice to Borrower prior to acceleration following Borrower's breach ofany covenant orapeementinthis Security lustxument(but not pnorto acceleration under Section 18 unless Applicable Lawprovides 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 whichthe default must be cured; and (d) that failure to carethe default on or before the data specified in the notice may result in accelerationof the sums secured by this SecwdtyInstrnment and sale of the Property. The notice shall fuitherinfozm Bo rowerof 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 Bono'swrto 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 Anther demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lendershall be entitled to collect an expenses incnrsedinpu :suingtheremediesprpvidedin this Seciion22, including, batnotlnnitedto, reasonable attaaseys' fees and costs of tide evidence. If Lenderinvofies the powerof sale, Lendersbali give notice of intent to foreclose to Bonvwerand to the person in possession of the Property, if different, in accoldancewithApplkable Law. Lendershall give notice of the sale to Bormwerin the manner provided in Section 15. Lendershail publish the notice of sale, and the Property shall be sold in the mannerprescxibed byApplicabie Law. Lenderorlts 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, seasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legalb• entitled to it. 23. Rel ease. trponpayment ofalt sun= secured hytbis SecurityInstrutrent, Lenier shallrelease this Security Immo: ent. Borrower shallpay any recordation costs. Lender nnychargeBorrower afee far releasing this Security Instrument, but only iftbe fee is paid to a third party for services rendered and the charging oft he fee is permitted under Applicable Law. 24. Waivers. Borrower releases and waives all risks under and byvirtue oftbe homestead exenption laws ofWyoaming. WYOMING- SingteFanuIy. -Fame Mae/Freddie Mac UNI ORM INSTRUMENT- MERS Form3051 1N1 Pagel2 of 14 DocilagIc www.abanagk.com Mame 0.655 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in. this Security Instrument and in any Rider executed by Borrower and recorded with it. WILLIAM R SS -Borrower (Seal) Borrower (Seal) -Borrower Witness: Witness: WYOMING Si IeFamity- -Famye Mae/Freddie Mac UNIFORM INSTRUMENT MFRS Forrn 3051 1101 Page 13 of 14 -Borrower (Seal) Borrower Docliag/e v im, S www.docmaglc.com (Space Below This tine For Acknowledgment] State of 44ZWEITETG' l� Comity of P 1 e This instrument was acknowledged before me on WILLIAM R LAJINESS AND DANA J LAJINESS SOKTHY PHOUN My Appointment Expires Dec 16, 2014 (mil, if any) My commission expires- Notary Public State of Washington SOKTHY PHOUN My Appointment Expires Dec 16, 2014 WYOMING SingleFamily Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MERS Fort 3051 1/01 Page 14 of 14 \P4 Sigvature ofnatarial ofScer Title (and Rank) \1)(Al earmffi www.doc nagic.com 0.657 PPopertycss3 the "Declaration The Property is a part ofa planned omit development known as MULTISTATE PUD RIDER—Single Family Fame MaeFFreddie Mac UNFORM NSrRUMENT Form31501l01 Pagel of 3 Loan Number: 0008056939 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 19th day of NOVEMBER, 2013 and is incorporated into and shallbe deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the 'Security Instrument') oftbe same date, givenbythe undersigned (the "Borrower") tb secure Borrower's Note to UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC, A FLORIDA LIMITED LIABILITY COMPANY (tae "L ender ofd stare date and c the Property descrhed lathe Security Instrurrt nt and mated at: 15 PORTO PLACE, STAR VALLEY RANCH, WYOMING 83127 Tire Property includes, but is not limited to, a parcelof land improved with a dwelling, together with other such parcels and certain comnnnareas and tads, as described in COVENANTS, CONDITIONS AND RESTRICTIONS OF RECORD STAR VALLEY RANCH [t= ofPkmed Unit Devebpmwt3 (the'TUD'9. The Property also includes Borrower's wrest in the homeowners associationor equivalent entity owning or nsinagitvtl e commonareas and facs"bbe' s ofthe PUD (the 'its Association") and the 'Uses, benefits and proceeds of Borrowetr's interest. PUD COVENANTS. In addition to the covenants and agreements made in. the Se:airity Instrument, Borrower and Lender further covenant and agree as follows: A. PUD Obligations. Borrower shall perform all of Borrowers obligations under the PUD's CorstitxmntDocmz rss. The "Constituent Docuuu rns "are the Declaration; (it) articles ofincorporation, trust instr urrent or any equivalent documaentwhichcreates the Owners Assam and (iI anyby- laws or other rules or regulations oftbe Owners Association. Borrower shaIlprorrzptly pay, whendue, alldues and assessments imposed pursuant to the Constituent Documents. B. Property insurance, so bag as the Owners Associatiarr with a generally accepted insurance carrier, a "master" or blanket" policy insuring the Property w ii h is satisfactory to Lender and DoeMagle ag em O 58 whichprovides insurance coverage intim amounts (including dedtictrbk levels), for the periods, and against loss by fire, hazards included within the term "extended coverage," and any other hazards, includntg, but not limited to, earthquakes and moods, for which Lender requires insurance, then: (0 Lender waives the provision in Section 3 for the Periodic Payment to Lender ofthe yearlypremiaminstaments for property insurance on the property; and (i t) Borrower's obligation under Section 5 to a trit n property insurance coverage on the Property is deemed satisfied to the event that the required coverage is provided by the Owners Association policy. What L ender requires as a conditionofthis waiver can change during the terns ofthe loan. Borrower ahallgiwe Leader prompt notice ofa y lapse in equired property insurance coveaageprovided by the master or blanket policy_ Inthe event ofa dstra mt ion ofpropertyinsurance proceeds in, lieu ofrestoration or repair following a Loss to the Property, or to consron.areas and facilities oftbe PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall. apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower C. Public Liability lnsurance.Borrower shalltake such actions as may be reasonable to insure that the Owners Association maintain' a public liability insurance policy acceptable in form. amotaut, and went of coverage to Lender. D. Condemnation. The proceeds of any award or claim for datmaages, direct or cam payable to Borrower it counection with any condemnation or other taking ofallor any part ofthe Property or the common areas and facilities ofthe PUD, or for any conveyance in lieu ofcondemnationn, axe hereby assigned and shallbe paid to Lender. Suchproceeds shallbe applied by Lender to the smarts secured by the Security Instrument as provided in Section 11 E. Lender's PriorConsent Borrower shallnor, except after notice to Lender and withLender's prior written consent, either partition or subdivide the Property or consent to: (0 the abandonment or temxination ofthe PUD, except for abandoxm nt or teamixttion required by law iathe case ofsvbstantial destructionbyfire or other casuaiy or inthe case ofa taking bycondeanationor emiten t domain (uj any Ito anyyprovisionofthe "Consulters Documents" ifthe provision is for tbe'ea benefit of Lender; (ii teas atioa .ofproEssionalmanagementand assumption of self- ofthe Owners Association; or (iv) any action which would have the effect of rendering the public liabllky insurance coverage by the Owners Association unacceptable to Lender. F. Remedies. IfBorrower does not payPUD dues and assesasmentswhendue, thenLendermaypay them. Arty antes disbursed byLender under this paragraph F shallbecon additionaldebt ofBorrower secured by the Security Instrument. Unless Borrower and Lender agree to other tears ofpayament, these amounts shaflbear interest fromthe dateofdisbursernent at the Note rate and shallbe payable, with interest, uponnotice fromtender to Borrower requesting payrcer t. MULTISTATE PUD RIDER—Singe Farm_ he Fame Mae/Freddie Mac UN (FORM INSTRUMENT Form 3150 1/01 Paget of Jot 0b59 BY SIGNING BELOW, Borrower accepts and agrees to the testa and covenants contained in this PUD Rider. (Seal) Borrower MULTISTATE PUD RIDER—Single Family Famie Mae: Freddie Mac UN FORM INSTRUMENT Form 3150 1/01 Page 3 of 3 cam SS -Borrower DANA J ..s. 1 SS (eal) Borrower -Borrower (Seal) er -Borrower Borrower 0560 SECOND HOME RIDER Loan Number: 0008056939 MIS 19thdayof NOVEMBER 2013 and is incorporated irao and shalll be deemed to amend and supplement the Mortgage, Deed of Trust, or Securiy Deed (the "Security Instrument") ofthe same date given by the undersigned (tbe 'Borrower," wbetherthere are one or more persons undersigned) to secure Borrower's Note to UNIVERSAL AMERICAN MOXIGAGE COMPANY, LLC, A FLORIDA LIMITED LIABILITY COMPANY (tbe "Lender') of the same date and covering the Property described la the Security Instrument (the "Property"), wbichis located at: 15 PORTO PLACE, STAR VALLEY RANCH, WYOMING 83127 Propaty ssl In addition to the covenants and agreements made in tbe Security Instrument, Borrower and L ender feather covenant and agree that Sectiam 6 and 8 ofthe Security Instnnnent are deleted and are rep acedby the following: 6. Occupancy. Borrawer shalloccupy, and shaiLonlyuse, the Property as Borrower's second home. Borrower shall. keep the Property available for Borrower's exclusive use anti enjoyment at all tires, and shall not subject the Property to any timesharing or other shared ownership arrangement or to any rentalpool or agreennnt that requires Borrower either to rent the Property or give a xnanagerrert firm or any other person any control over the occupancy or use ofthe Property. 8. Borrower's Loan Application. Borrower shall be in defauh i during the Loan applicationprocess, Borrower or auypersons or entkies acting at the direction ofBorrower or with Borrower's knowledge or consent gave materially false, misleadire, or inaccurate iu rntation or statements to Lender (or fuledto provide Lender withmarerial nformation) inconnectionwiththe Loan Material representations include, but are not }maned to representations concerning Borrower's occupancy ofthe Property as Borrower's second home. MULTISTATE SECOND HOME RIDER—Sirgle Family Famly Mae/Freddie Mac UNIFORM INSTRUMENT Form 3890 1/01 Page 1 of 2 w w d O 61 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Second Home Rider. MULTISTATE SECOND HOME RIDER Sin ile Family Fannie Mae/Freddie Mac UNIFORM IVSFR MENT Farm 3890 1/01 Paget of 2 (Seal) (Seal) Borrower Borrower -Borrower ro er -Borrower www agk,com 0b62