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HomeMy WebLinkAbout86584311 011 0I 0hI llI IA tD '3aasiS] 1 H hI Si s aqi 11 9Z8SLSOE09 WV bS :8 00 /80 /SO AMA „ssa.ippy Alsadosd la'° d ?Z d0383H 18Vd V 30VIA 0NV 01383H 03HOV11V.NOIldIHOS30 1V931„ :2utuloifrn `Aluno3 N10ON I 1 ui palgooj Apadosd pagtsosap 2utmojjoj 'ajgs jo samod `sapua-j ifanuoo pug TINA `a2E21soul Agasaq sop samossog `asodsnd SIq] sod •aloN alp pug luauznslsuj AlunoaS stql sapun sluauraas2g pug s1ueuanoo s,samossog JO aoUEUusOjsad gip (o) pug :2uaurns2suj AltsnoaS jo £lisnoas loo osd o} L gdgs2gsgd sapun paougnpg `1.sasalui gptm 'stuns saglo lIE jo luau Avd (q) :aloN ;o suop.gotjipouz pug suotsuapxa `sjgmauas nu pug `2sasal.ul g.!M 'al.oN QT. paouaptna Tgap aq1 jo ivatuAgdas aTT1 (g) :sapuarj sasnoas Altsnoag sq OZOZ L0 3Nf1f uo ajggAgd pug anp 'satjsga pied 1ou 3T `1.gap jjnj qi.t■ `s2uauriigd Ajq ;uoul soj saptnosd goigm „aaoN luauznslsui AitanoaS gigp gums alp palgp alou S,SOMOSSOH paouaptna st 1.gap stq j 00 009 EL s n) ssgjjou 00 1. /00 ONV 0380Nf1H XIS ONVSfOH± 3a8H1 AIN2A3S jo urns jgdrouisd sapul sank() samossog „sapua-j L60L —LEVQ9 NW 'NOl9NIW0018 `000L# 3AI80 831N3O NVIANON 00E8 sissasppg OSO4M pug VO 183WV dO S3IV1S 031 I Nfl 3H1 Io amyl age sapun ;tugstxa pug paziug2io st goiTTM 9Z88L9lE09 NV01 V N VO I 82111 dO )INVB uan1S Si TuaulnsTsuj �i�un° S siq „samossog 0002 "OL AVW a -DV91110W [visa 8urpaoaag and QUfl Sflil anogJ aaeds] `1 C F aDVd 11(1 7,}IOOB S33VIalt►1i ii177, 10a9 33S eta taolAI s►qJ, i1 4® si7sI 110 9 +o L '6'd L6ZL-LZ5(008) SW11O4 3DVD.L IOW dWA £6/ &l Mum)/ L o1£o*6 (AM)H9 —lerp 06/6 1.50£ WJ01 1N3INMLLSNI W11031N0 anvil alppeij /esyy eluue3 _AIiuej a1 L0lE8 21.1tUI0AM H3H3VW43)I '3A180 01 a 130 9081 JO ssasppe OM. SETT VITA 11081A 'M IlSI8)i ONV 1I0dIA °1 N38 uo uant2 Si „Tuauzns�suj Aiunogs„) HOVD.L2IO1A1 SIH,L 99ZZE 1d 311 I ANOS)IOVf '1d30 1d13038 211d "O0L 0018 aA18 30 I SH1flOS 0006 VOI83wV dO )INV8 DN I S01O ISOd 311 I ANOS)IOVf LO—L0-00L-61d 9Z89L9t7E09 NV01 :01 N8(1138 GNV AS N0I±V080038 80d 03111W8fS OS 4idj4:3 516 TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER 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. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum "Funds for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for 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 Lender to make such a charge. However, Lender may require Borrower to pay a one charge for an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Lender's sole discretion. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument. 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 4 6H(W)lca4o3l.ot CVWY 05/08/00 8:54 AM 6034575826 Page 2 of 8 Form 3051 9/90 Initials:G�� X v 06/6 150f WJOJ g 6 eisd 9Z85LSOE09 AV b5 :8 00/80/50 AMAX to•ceo>eo (AM)H9 -1010 'paiTnbas aq Jaguoj ou AEw SluatuAEd aAJOSaJ SSO'j •azuesnsut a201Joui jo nog ut aAJOSOJ SSOj E SE STUOLU BEd asagl utelaJ pue asn `ldaooE IT Japua'j •loajja uT aq o; paseao Jo pasdej agEJaAOO aouEJnsut alp uaw a JaMOJJOg Aq pied 2utaq tunttuasd oouEJnsui aESlJOtu AjivoA ag1 jo gZjjaM }_auo oZ jenba tuns a gluotu goes Japua'j OZ £ed Hugs JOMOJJOg 'ajgEj}EAE loll st oguJanoo aouEJnsut oSeglJOtu luajentnba Ajjer welsgns jj •sapua'j Aq panoJdde sasnsut ageglsotu a1EUJalTe UE tuoJj 'loon° ui A1SROIAaJd aoueinsui a2e51Jotu atp jo JaMOJJOg 01. ZSOO 0111 OZ luaTeATnba iiJJEiluelsgns 1soo g ZE `ZOajja ut SJSROTAaJd aouesnsuT 02E51J0LU acl 01. 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Hugs J9M0JJOH •OOURJnSUi [i1J0d0Jd JO p19ZE1 •S 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. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. 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 such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co this Security Instrument but does not execute the Note: (a) is co signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 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Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument to Borrower. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the feeds paid to a third party for services rendered and the charging of the fee is permitted under applicable law. 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)] II Adjustable Rate Rider n Graduated Payment Rider n Balloon Rider n VA Rider STATE OF WYOMING, by My Commission Expires: 014-6HONY) (940 31.0 1 .�s LAURIE McKEE NOTARY PUBLIC COUNTYOF STATE OF LNCOLN WYOMING Lincoln The foregoing instrument was acknowledged before me this January 11, 2004 Condominium Rider Planned Unit Development Rider Rate Improvement Rider Other(s) [specify] (Seal) Borrower (person ackn BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: BEN L. VIRGIL, INDIVIDUALLY KRISTI W. VIRGIL BY BEN L. VIRGIL, HER ATTORNEY -IN -FACT 1 4 Family Rider Biweekly Payment Rider Second Home Rider County ss: May 10, 2000 (date) Ben L. Virgil and Kristi W. Virgil by her atto ey in fact, Ben L. Virgil •g) Nota y Public Page 6 of 6 CVWY 05/08/00 8:54 AM 6034575826 (Seal) Borrower eal Borrower (Seal) Borrower Form 3051 9/90 W:!;* 64 EXHIBIT A Legal Description for Ben L. Virgil and Kristi L. Virgil Lot 3 of Block 2 of the Lincoln Heights 5th Addition, First Filing to the City of Kemmerer, Lincoln County, Wyoming as described on the official plat thereof. 521