Loading...
HomeMy WebLinkAbout975147NORTHERN TITLE CO. PO BOX 856 THAYNE, WY 83127 Return To: FINAL ROCS N0012 -01E 6200 PARK AVENUE DES MOINES, IA 50321 Prepared By: WELLS FARGO BANK, N.A. 9780 S MERIDIAN BLVD, 3RD FL, ENGLEWOOD, CO 801125910 DEFINITIONS Space Above This UDC For Recording Natal MORTGAGE Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used hi this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated 3ANUARY together with all Riders to this document. 03) "Borrower" is TREVOR SFENCER, PX'1t husband and wife Borrower is the mortgagor under this Security instrument. (C) "Lender" is WELLS FARGO BANK, N.A. Lender is the mortgagee under this Security Instrument. 0367837572 WYOMING Single Fomlly Fannla Maa/Ra /dlo Mac UNIFORM INSTRUMENT VMPN WoRom Morey, Financial Sorvloec NMFLC 3051 (WYCM) Roy. 9/2013 I 975147 1/31/2014 11:48 AM LINCOLN COUNTY FEES: $105.00 PAGE 1 OF 32 BOOK: 827 PAGE: 625 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK IIIIIII Illill IIII 11111 1 iIII II II I 111 IIIll IIIII 11111 11111 IIIII IIII II 1 III IIII IIII 28, 2014 Lender is a NATIONAL ASSOCIATION organized and existing under the laws of THE UNITED STATES Lender's address is 101 NORTH PETLLIPS AVENUE, SIOUX FALLS, SD 57104 and JoDee Spencer Form 3031 1/01 VMPS(W V) (1302).00 Inlealo' Pop 1 of 10 •.."•`."^"H• "a.• "''raj=- Return To FINAL DOCS N0012 -01B 6200 PARK AVENUE DES MOINES, IA 50321 Prepared By: WELLS FARGO BANR, N.A. 9780 S MERIDIAN BLVD, 3RD ENGLEWOOD, CO 801125910 DEFINITIONS (A) "Security Instrument" means this together with all Riders to this docume (B) 'Borrower" is TREVOR SPEN 0367837572 WYOMING- Single Feint* Fannie WOW.* Mao UNIF Wa ten Ke,wav FMMCNI Sefa14la NMF• 3061 NWCNE Ran. W2013 (Spat Above This tine rot Data) MORTGAGE Words used in multiple sections of s document are defined below and other words are defined in Sections 3. 11. 13, 18. 20 and 21. Ce vales regarding the usage of words used in this document are also provided in Section 16. oeumcar, which is dated JANITARY 28, 2014 4 MXIAISCIKEXLVX and JoDee Spencer husban and wipe Borrower is the mortgagor under this S- 'ry Instrument. (C) "Lendkt "is WELLS FARGO N.A. Lender is a NATIONAL ASSOCIATX organized and existing under the laws o TH8 UNITED STATES Lender's address is 101 NORTH PHI XPS AVENUE, SIOAX FALLS, SD 57104 Lender is the mortgagee under this riry Instrument. M INSTRUMENT �u II im FerM 3001 VMP6 0302).00 00 Papa 1 of 10 (D) "Note" means the promissory note signed by Borrower and dated JANUARY 28, 2014 The Note states that Borrower owes Lender TWO titatDRED TWENTY FIVE THOUSAND FxvE FIUIOREt) TEN AND 00 /100 Dollars (U.S. 22 5 510.00 plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than FEBRUARY 01, 2044 (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (I) "Loan" means the debt evidenced by the Note, plus interest, any ptepayment charges and late charges due under the Note, and all sums due under this Security •Instrument, plus interest. (G) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable): I Adjustable Rate Rider Condominium Rider Second Home Rider Balloon Rider 1 1 Planned Unit Development Rider 1 11-4 Family Rider U VA Rider 1 !Biweekly Payment Rider n Others) [specify] (8) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non appealable judicial opinions. (I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization, (J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (b.) "Escrow Items" means those items that are described in Section 3. (1.) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. WYOMING Single Family Follett! Moo /Freddie Mac UNIFORM INSTRUMENT Form 1051 1,01 VMPO C� VMPOIW 11302).00 Wo"ore Kluwer FinencJei Services InHlalc Paje 2 of 18 R.r,.vi "�.3AY? i�ro�J;';:"�.'.?,'.a• s 35:... (D) "Note" means the promissory not signed by Borrower and datedSANt7ARY 28, 2014 The Note states that Borrower o-- TOMMY EmWRBD T= AND 00 /100 Dollars (U.S. s. *225, 510.00) p1• interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full n c later than 51tBRU5Rx 01, 2044 (E) "Prop means Property." (F) "Loan" sncrns the debt evidenced' .y the Note, plus interest. any prepayment charges and late charges due under the Note, and all sums due der this Security •b2strinnent, plus interest (6) "Riders" means all Riders to t Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrow i {check box as applicable): f l Adjustable Rate Rider 0 Co.. minima Rider t J Second Rome Rider f 1 Balloon Rider U ed Unit Development Rider LI 1.4 Family Rider VA Rider 0 Biw y payment Rider 0 Other(s) lspecify] (R) "Applicable Law" means all trolling applicable federal, state and local statutes, regulations, ordinances and administrative rules orders (that have the effect of law) as well as all applicable final, non appealable judicial opinions. (1) "Community Association Dues, *es, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borro al or the Property by a condominium association, homeowners association or similar organization. (3) "Electronic Fiends Transfer" any transfer of funds, other than a transaction originated by check, draft. or similar paper cat, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tap so as to ordcr, instruct, or authorize a financial institution to debit or credit an account. Such term inclu•es, but is not limited to. point -of -sale transfers, automated teller machine transactions, transfers initi ed by telephone, wire transfers, and automated clearinghouse transfers. (E) "Escrow Items" means those it that are described in Section 3. (L) "Miscellancons Proceeds" means compensation:, settlement, award of damages, or proceeds paid by any third party (other than insu. promvts paid tinder the coverages described in Section 5) for: (i) damage to, or destruction of the Pro '.erty; (ii) condemnation or other raising of all or any part of the Property; (iii) conveyance in lien of ndeamation; or (iv) misrepresentations of or omissions as to, the vain and/or condition of the Property.i (M) "Mottgagc Insurance" means .ce protecvng Lender against the nonpayment of. or default on, the Loan. (1V) "Periodic Payment" means the re arly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts Hader Seeti.n 3 of this Security Instrument. (0) "RESPA" means the Real Estate anent Procedures Act (12 L.S.C. Section 2601 ct seq.) and its implementing regulation, Regulation (12 C.F.R. Part 1024), as they might be amended from time to rime, or any additional or successor leg lawn or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" ers to all requirements and restrictions that are imposed in regard to a "federally related mortgage Ioan" ven if the loan does not qualify as a "federally related mortgage loan" under RESPA. WYOMING 61,1010 FelnIIY Fmuo McWF.oddle Mac UNI IN57"UMCNr VNIFNIN W p KF.wer Frugal Sorvlcee Form 30!/1 7/01 Inhlalc; VMINI1Wy 11302140 Popp 2 01 18 (P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) 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 and Lender's successors and assigns, with power of sale, the following described property located in the COUNTY of LINCOLN [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] LOT 6, OF BLOCK 5, OF THE BEDFORD BLOCK 5 SECOND FILING, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICAL PLAT PILED ON OCTOBER 12, 2005, AS INSTRUMENT NO. 912739 OF THE RECORDS OF THE LINCOLN COUNTY, WYOMING THIS IS A PURCHASE MONEY SECURITY INSTRUMENT. TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. BOX 11758, NEWARK, N.7 071014758 Parcel ID Number: 468 B STREET BEDFORD "Property Address 1 2314329405071.00 which currently has the address of [Street] [city]. Wyoming 83112 gip Code) 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 tine 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. WYOMING Slagle Family Feenlo Mae/Freddie Mao UNIFORM INSTRUMENT Form 3051 1101 VMP01WYi (1702{.00 Welton Kluwer FlnanGOi $mvlcm Inlllat• Paga 1 of 10 71X/M"mee"Mrenolem•lanmaKeea, or, (P) "Successor in Interest of Borrow not that patty has assumed Borrower's TRANSFER OF RIGHTS IN THE P This Security Instnmtcnr secures to modifications of the Note; and (ii) th Security losmiment and the Note. Forj Lender and Lender's successors and in the COUNTY r orRecordinc Slain. LOT b, OF,BLOCK 5, OF TEE COUNTY, WYOFZITG AS DESCRIB 12, 2005, AS INSTRUMENT NOI LINCOLN COUNTY, WYOM/NO THIS IS A PttRCEASE MONEY S TAX STATEMENTS SEOt7LD BE S 11758, NEWFIRR, NS 0710147 Parcel ID Number: 1231432940 468 B STREET BEDFORD "Property Address"): TOGETHER WITH all the im casements, appurtenances. and Extra additions shall also be covered by t Security Instrument as the "Property.' BORROWER COVENANTS that the light to mortgage, grant and coov encumbrances of record. Borrower t claims and demands, subject to any en.. TSIIS SECURITY INSTRUMEN covenants with limited variations by Pro py WYOMING. 5 -P.Mo Maa/FrWa o Map UNI W olsra K4war Crumb' Se' k 8 means any party that has taken tide to the Property, whether or bligations under the Note and /or this Sectuity Instrument. PERTY der. (i) the repayment of the Loan, and all renewals, extensions and performance of Borrower's covenants and agreements under this this purpose, Borrower dots hereby mortgage grant and convey to :gas, with power of sale, the following described props ly located of LINCOLN on] (Name of Reconlins 71cindktioa) =FORD BLACK 5 SECOND FILING, LINCOLN ON Tl3 OBFICAL FLAT FILED ON OCTOBER 912739 OF THE RECORDS OF 13E CURITY INSTRUMENT. TO: WELLS FARGO SOME MORTGAGE, B.O. BOX 071.00 which currently has the address of fclry P l l. Wyoming 83112 Rip rovementc now or hereafter erected on the property, and all now or hereafter a part of the property. All replacements and Security Instrument. All of the foregoing is referrod to in this Borrower is lawfully seised of the estate hereby conveyed and has the Property and that the Property is unencumbered, except for and will defend generally the title to the Property against all mimes of record. combines uniform covenants for national use and non uniform •sdiction to constitute a uniform security instrument covering real IN$TFUME:dr Poem 3051 1101 VMPe wY) naon.00 Papua el ip UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment 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 payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure, No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from malting payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest Mx under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment front Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Ponds for Fscrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a WYO MING- SInple Family -Fame° MaWFrodtllo Me° UNIFORM INSTRUMENT Fo,m 3051 1/01 VMPIW Wolters Kluwm Financial Sarvka° VMP0(WV) (19021.00 Pone 4 of 18 UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Inteest, Escrow Items, prepayment Charges, and Late Charges. Borrower shall pay when due the pri cipal of. and interest on, the debt evidenced by the Note and any prepayment charges and late rhArges d a under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due ..der the Nore and this Security Instrtnnent shall be made in U.S. currency. Iiowever, if any check or o er instrument received by Lender as payment under the Note or this Security Instrument is returned to Len er unpaid, Lender may require that any or all subsequem payments dun under the Note and this Securi, Instrument be made in one or more of the following forms, as selected by Lender. (a) cash; (b) m.ney order, (c) certified check, bank check, treasurer's check or cashier's check, provided any such .cent is drawn upon an iusutution whose deposits are insured by a federal agency, instrumentality, or end or (d) Electronic Funds Transfer. Payments arc deemed received b Lender when received at the location designated in the Note or at such other location as may be designat by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or p. ial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may a t any payment or partial payment insufficient to bring the Loan current, without waiver of any rights evader or prejudice to its rights to refuse such payment or partial payments in the flume, but Lender is of obligated to apply such payments at the time such payments are accepted. If each Periodic Payment applied as of its scheduled due date, then Lender need not p interest on =applied funds. Lender hold such =applied funds until Borrower makes payment to bring the Loan current. If Borrower does no do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower If not applied earlier, such funds will be applied to the outstanding principal balance under the Note atey prior to foreclosure. No offset or claim wliich Borrower might have now or in the fur= ag Lender shall relieve Borrower from making payments due under the Note and this Security Instrument performing the covenants and agreements secured by this Securay Instn>mcnt 2. Application of Payments o Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by er shall be applied in the following order of priority: (a) interest due under the Nore; (b) principal duel ..der the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic P;.. cut in the order in which it became due. Any remaining amounts shall be applied first to late charges, .nd to any other amounts due under this Security Instrument, and then to reduce the principal balance of e Note. If Lender receives a payment fr Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late due, eke payment may be applied to the delinquent payment and the late charge. If more than one Peri.. c Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent than, each payment can be paid in full. To the extent that any ex exists after the payment is applied to the full payment of one or morn Periodic Payments, such excess ay be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment es and then as described in the Note. Any application of payments, i ice proceeds, or Miscellaneous Proceeds to principal duc i rrrr the Note shall not extend or postpone due date, or change the amount. of the Periodic Payments. 3. Thuds for Escrow Items. Bo wer shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid i full, a sum (the 'Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Secrrity Instrument as a W YQ NG- Single FWT y -fenme Mea•F, dth. We UN @1I INSTRUMENT Wdi,r. ic.....e, Financial Sa.vic.. Font VMPONM !%0? 00 Ra0R 4015 lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item, Borrower shall promptly furnish to Lender all notices of amounts to be paid wider this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9, If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall 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 an institution whose deposits are so insured) or in any Federal Home Loan Bank, Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall 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. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can 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 as required by RESPA. If there is a surplus of Funds held in escrow, as defroed under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all suns secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. WOMING. Single Family Fannie M,e/Froddlo Mac UNIFORM INSTRUMENT Farm 3061 1/01 VMP11 VMP6(WYI (1702).00 Walton. Kluwer Financial Services initfalo- 11 Paps 6 of 16 (b) leasehold payments or ground rents on the Property, if any; (c) required by Lender wader Section 5; and (d) Mortgage Insurance le by Borrower to Lender in lieu of the payment of Mortgage "th the provisions of Section 10. These items arc called "Escrow during the term of The Loan, Leader may require that Community eats, if any, be escrowed by Borrower, and such dues; fees and Borrower shall promptly furnish to Lender all notices of amounts to shall pay Lender the Funds for Escrow Items unless Lender waives for any or all Escrow Items. Lender may waive Borrower's any or all Escrow Items at any time. Any such waiver may only be Borrower shall pay directly, when and where payable, the amounts ens of Funds has been waived by Leader and, if Lander requires, cing such payment within such time period as I may require. t menu and to provide receipts shall for all purposes be deemed to in this Security Instrument, as the phrase "covenant and agreement" obligated to pay Escrow Items directly, pursuant to a waiver, and for an Escrow Item, Lender may exercise its rights under Section 9 a be obligated under Section 9 ro repay to Lender any such amount. Lender may revoke the wai er as to any or all Escrow Items at any time by a notice given accordance with Section 15 and, upe such amounts, Char are then required Lender may. at any rime, collect the Funds at the time specified and require under RESPA. Lender shall reasonable estimates of expenditures Law. The Funds shall be held in instrumentality, or entity (including lien or encumbrance on the Property premiums for any and all insurance premiums, if any, or any sums pa Insurance premiums in accordance Items." At origination or at any tim Association Dues, Fees, and Ass assessments shall be at Escrow Item be paid under this Section. Borrow Borrower's obligation to pay the F obligation to pay to Lender•I ends fo in writing. In the event of such waiv due for any Escrow Items for which shall furnish to Lender receipts evid Borrower's obligation to make such be a covenant and agreement contains is used in Section 9, If Borrower is Borrower fails to pay the amount due and pay such amotmt and Borrower such revocation, Borrower shall pay to Lender all Funds, and in der this Section 3. d hold Funds in an amount (a) sufficient to permit Lender to apply RESPA, and (b) not to exceed the maximum amount a lender can timatc the amount of Funds due on the basis of current data and f fume Escrow Items or otherwise in accordant with Applicable institution whose deposits are insured by a federal agency, der, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank, Lender shall apply the Funds to pay the Escrow Itetts no later that the time specified under RESPA. lender shall not charge Borrower for holding and applying the Funds analyzing the escrow accotmt, or veri Funds and Applicable Law permits or Applicable Law requires intcrcst to any interest or carvings on the Funds shall be paid on the hinds. Lender Funds as required by RESPA. If there is a sneplus of Funds h Borrower for the excess funds in scans as defined under RESPA, Lender shall Lender the amount necessary to make monthly payments. If there is a dcficie notify Borrower as required by RESP% up the deficiency in accordance with RI Upon payment in full of all sums to Borrower any Finds held by Lender. WYOMING- Singly Family Fatima Mno)Fradala MY UN VMPb Walton Xh,war PlaanWl Sanlwa annuauy g the Escrow Items, unless Lender pays Borrower interest on the er to make such a rt arse. Unless an agreement is made in writing e paid on the Funds, Lender shall not be required to pay Borrower mower and Lender can agree in writing, however, Char interest all give to Borrower, without charge, an annual accounting of the d in escrow, as defined under RESPA. Lender shall account to dance with RESPA. If there is a shortage of Funds held in escrow, notify Borrower as required by RESPA, and Borrower shall pay to rp the shortage at accordance with RESPA, but in no more than 12 cy of Funds held in escrow, as defined under RESPA, Lender shall and Borrower shall pay to Lender the amount necessary to make A. but in no more than 12 monthly payments secured by this Security Instrument, Lender shall promptly refund RM INSTNUMOUT Farm 3061 e, VMPRIWY) 11302)00 Pap. 6 a 76 .:,!l.':2��^%I ..f:vt+'• ":w:F.,.•y..r,.v; r ..:7.+r'1fy�'. >•rS:�.v,,�.�,:.; 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3, 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, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the Lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the Iien an agreement satisfactoty to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insuranoe. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably, Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certification and tracking services; or (b) a one -time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, bazard or liability and might provide greater or lesser coverage than was previously in effect, Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtain any form of insurance coverage, not otherwise required by Lender, WYOMING -Suva Family FanNo Mae/Roadie Moe UNIFORM INSTRUMENT VMP" W0kora Kluwer Fllwnclal services Fain 3051 1151 VMF5(WY) 41 302).00 InItl0ia• Pogo 6 0116 wun...uao :;•0•0rr00 Artetp "Fer;4+^.> .rte..;.,. 4. Charges; Liens. Borrower shall pay all taxes. assessments, charges. fines. and impositions attributable to the Property which .n i• attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, d Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discha ge 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, but only so long as Boron er it performing such. agreement; (b) comests the lien in good faith by, or defends against enforcement o the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien bile those proceedings are pending, but only until such proceedings no concluded; or (c) secures from th holder of the lien an agreement sadsfaetoty to Lender subordinating thelien this Security Instrument. If .derdeerine chat any part oftbe Pxuperry is subjecr to a lien which can attain priority over this Security Lender may give Borrower a notice identifying the lien. Within 10 days of the dam on whi that notice is given, Borrower ehntl satisfy the lien or take one or more of the actions set forth above in is Section 4. Lender may require Borrower o pay a one -tame charge for a real estate tax verification and/or reporting service used by Lender in nnection with this Loan. S. Property Insurance. Borro shall keep the improvements now existing or hereafter erected on the Property insured against loss by e, h included within the term "extended coverage," and any other hM+rds including, but not limi to, earthquakes and floods, for which Lender requires insurance. This insurance shall be rnaimained the amounts (including deductalale levels) and for the periods that Lender requires. What Lender r pursuant to thc'preceding sentences can change during the term of the Loan. The insurance carrier pro •ing the insurance shall be chosen by Borrower subject to Lender's right zo disapprove Borrower's choi which right shall not be exmo sed =reasonably. Lender may require Borrower to pay, in oonne...on with this Loan, tither. (a) a one -rime charge for flood zone determination, certification and g services; or (b) a one -t''mc charge for flood zone determination and certification services and sub -4 em charges each time remappings or similar changes occur which reasonably might affect such det ation or certification. Borrower shall also be responsible for the payment of any fees imposed by th Federal Etneromcy Management Agency in connection with the review of any flood zone dererminatio resulting from an objection by Borrower. If Borrower fails to maintain of the coverages described above, Lender may obtain insurance coverage, at Lender's option and ower's expense, Lender is under no obligation to purchase any particular type or amount of coverages Therefore, such coverage shall cover Leader, btu might or might not protect Borrower. Borrower's cqu ty in the Property. or the contents of the Property, against any risk, bazard or liability and might provide/ greater or lesser coverage than was previously in effect. Borro wer acknowledges that the cost of the ce coverage so obmined might significantly exceed the cost of insurance that Borrower could have o. rained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower by this Security Instrument. These amounts ch,11 bear interest at the Note ram from the date of disb ernent and shall be payable, with such interest, upon notice from Lender to Borrower request ng paym.•: t. All insurance policies required b Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, sh 'k include a stets/ -rd mortgage clause, and shall name Lender as mortgagee and/or as an additional lo payee. Lender shall have the right to bold the policies and renewal certificates. If Lender requires. Borroi shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains •ty form of insurance coverage, not otherwise required by Leader, WYOMING Shen Iomoy- /WIN. MOnrFieoole Mae ORM INSTRUMENT Wolo Kluwer Fln d,I Sorvieos Poem X067 Vlw•Elw 0 JJ:10 INcIRr 0116 Pogo 0 of t6 for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional Ioss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property. if 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 hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Pees for public adjusters, or other third patties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. 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 she excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Leader may file, negotiate and settle any available insurance claim and related matters, If Borrower does not respond within 30 days to a notice from Lender 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 if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use, the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 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. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the 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 economically feasible, Borrower shall promptly repair the Property if davnaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient WVOM�.fINO Single Fo iPI' Fannio Ma /Frodd)a Mac UNIFORM INSTRUMENT VMPIS Wottors Kluwm Financial Services InlUala:� Forts, 3051 1/01 VMPOtWY) 113021.00 Pape 7 of 15 for damage ro, or destruction of. the Property, such policy shall include a standard mortgage clause and shall name Lender as mottgagee and /o as an additional loss payee. In the event of loss, Borrower all give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made p omptly by Borrower. Unless Leader and Borrower otherwise agree in writing, any insurance proceeds, w ether or not the tmderlying insurance was regained by Lender, shall be applied to restoration or repair of e Property. if the restoration or repair is economically feasible and Lender's security is not lessened. D g such repair and restoration period, Lender shall have the right to hold such insurance proceeds until L-.dcr has had an opportunity to inspect such Property to ensure the work has been completed to Lender s satisfaction. provided that such inspection shall be tmdertakcn promptly. Lender may disburse pro for the repairs and restoration in a single payment or in a series of progress payments as the work is leted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such 'I urance pro Lender shall not be required to pay Borrower any interest or earnings on such pr. Fees for. public adjusters, or other third patties. retained by Borrower shall not be paid out of the cc proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not econo cally feasible or Lender's security would be lessened. the insurance proceeds shall be applied ro the sums by this Security Instrument, whether or not then due. with the excess, if any. paid to Borrower. ch insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Prope Lender may file, negotiate and settle any available insuran claim and related matters. If Borrow does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle claim, then Lender may negotiate and settle the claim..•Ihe 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property und er Section 22 or otherwise. Borrower ereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed •c amounts unpaid under the Note or this Security Instrument and (b) any other of Borrower's rights (..er than the right to any refund of unearned premiums paid b Borrower) under all insurance politics covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note •r this Security Instalment, whether or not then due, 6. Occupancy. Borrower shall '.ccupy, establish. and use the Property as Borrower's principal residence within 60 days after the ex ution of this Security Instrument and shall continue to occupy the Property as Borrower's principal resi race for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which neat shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond rorrower's control. 7. Preservation, Maintenance a d Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Pro allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is! residing in the Property, Borrower shall maintain the property in order to prevent the Property from d riorating or decreasing m value due to its condition Unless it is determined pursncmt to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in co 'on with damage to, or the taking of, the Property, Borrower shall be respons for repairing or raring the Property only if Lender has released proceeds for such purposes. Lender May disbarsc procec for the repairs and restoration in a single payment or in a series of progress payments as the work is corn leted. If the insurance or condemnation proceeds are nor sufficient WYOMING ING 9nolr fmmoq fmnla Mao /Frod5u M UNJF INSTRUMENT VMPRP Woken Kluwer Flnenc.l Gawky. Firm aobl 1/01 InldecC VMP61V1) 111on.00 veo•> of 16 to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails To perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in baniauptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off, Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of malting the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate WYOMING Single Fomlly Fannie Mau/Fraddlo Mac UNIFORM INSTRUMENT VMP) Wo,ora Kluwer Financial Sorvlow Fpm 3057 1101 Inklola: VMP8 WY f150 ^.1.00 uqo S or 113 n M,r to repair or restore the Property. Bo owes is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make j easonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice ar the time of or prio co such an interior inspection specitying such reasonable cause. S. Borrower's Loan Applicati process. Borrower or any persons o latowledge or consent gave materially (or failed to provide Lender with reproarrations include, but are not Property as Borrower's principal resid 10. Mortgage Insuruoce. If Lett I Borrower shall pay the premiums requi the Mortgage Insurance coverage req previously provided such insurance coward the premiums for Mortgage coverage substantially equivalent to equivalent to the cost to Borrower o' VMP MING- Single Female Fannie Maa/Fraddle Mac UNIII Wohe/e glow ar Financial SoMlom ODICNCAV'..•e'bLe.•C.a.:—.,— n. Borrower shall be in default if, during the Loan application entities acting at the direction of Borrower or with Borrower's alse, misleading, or inaccurate it or statements to Lender material information) in connection with the Loan. Material 'ted to, representations concerning Bottower's occupancy of the ce. 9. Protection of Lender's Inter'- in the Property and Rights Under this. Security Instrument If (a) Borrower fails to perform the oov ants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might sign'cntly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a n. meeting in bankruptcy, probate, for condemnation or forfeicu -.e, for enforcement of a lien which may a r priority over this Security ,Instrum et or to enforce laws or regulations), or (c) Borrower has ab •cloned the Property, then Lender may do and pay for whatever is reasonablo or appropriate to protect 1 Lender's interest in the Property and rights under this Security Instrument, including protecting and/ assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can in•+ude. bnc are not limited to: (a) paying any sums secured by a lien which has priority over this Scour Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in banlauptcy •roceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs,', change locks, replace or board up doors and windows, drain warer from pipes, eliminate building or oth code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take can under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so! It is agreed that Lender incurs no liability for not taling any or all actions authorized under this Section 9 Any amormts disbursed by Len under this Section 9 shall become additional debt of Borrower secured by this Sectairy Instrument. e amounts shall bear interest at the Note ram from the date of disbursement and shall be payable, th such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property. the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing, er required Mortgage Insurance as a condition of making the Loan, d to maintain the Mortgage Insurance in effect. If, for any reason, cd by Lender ceases to be available from the mortgage insurer that d Borrower was required to make separately designated payments nsurance. Borrower Sl•atl pay the premiums required to obtain e Mortgage Insurance previously in effect, at a cost substantially the Mortgage Insurance previously in effect, from an alternate INSTRUMENT Form 7061 1/01 InMele: VMPe,'W^ 1302.00 mortgage insurer selected by Lender, If substantially equivalent Mortgage Insurance coverage is not available. Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept. use and retain these payments as a non refundable loss reserve in lieu of Mortgage Insurance, Such loss reserve shall be non refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note, Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incurif Borrower doesnot repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other parry (or patties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for 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, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has if any with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights mayincludetheright to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the timeof such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. AU Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, 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 hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the WYOMING Silvio Family -Fannie Mao/Froddlo Mac UNIFORM INSTRUMENT uMPW Focm 3051 1/01 Wolters KWwor Financial Services INtlels: vMPO(WY) 11302).00 Pogo 0 of 18 mortgage insurer selected by Len dc4. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to y to Lender the amount of tho separately designated payments that were duc when the insurance coverac ceased to be in effect. Lender wdt accept. use and retain these payments as a non refundable loss e in lieu of Mortgage Insurance. Such loss reserve shall be non- refundable. notwithstanding the P..ct that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest' or earnings on such loss reserve. Lender can no longer rrgttire loss reserve payments if Mortgage Iasurag coverage On the amotmt and for the period that Lender requires) provided by an iasnrer selected by w. der again becomes available, is obtained, and Lender requires separately designated payments to :lie premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of malting e Loan and Borrower was required to make separately designated payments toward the premiums for ortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in eff or to provide a non refundable loss reserve, until Lender's requirement for Mortgage Insurance in accordance with any vain= agreement between Borrower and Lender providing for such Iermination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligati.. to pay interest at the :ate provided in the Note, Mortgage Insurance reimburses der (or any entity that purchases the Note) for certain losses it may incurirBorrowerdocsnotrepayth Loan as agreed. Borrow= is not a party to the Mortgage Insurance. Mortgage insurers cvalnate their otal risk on all such insurance in force from time to time, and may enter into agreements with other pat' that share or modify their risk, or reduce losses. These agreements arc on terms and conditions That are tory to the mortgage insurer and the other party (or parties) to these agreements. These agreements require the mortgage insurer to rear payments using any source of funds that the mortgage insurer ma have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these areements,; Lender. any purchaser of the Note, another insure, any rciasurer, any other earity, or any affiliate of an of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be chara as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying e mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender es a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arran ement is often termed "captive reinsurance." IZrrther-. (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other s of the Loan. Snch agreements will not increase the amount Borrower will owe for Mortgage nee, and they will not entitle Borrower to any rehmd. (b) Any such agreements will t affect the rights Borrower has if any with respect to the Mortgage Insurance under the Ho wners Protection Act of 199S or any other law. These rights rnayindudetberight to receive c dusclosnrrc- M request and ,.1.._:_ cancellation of the Mortgage Insurance, to have the Mortgage Ire. ce terminated automatiCally, and/or co receive a refund of any Mortgage Insurance premiums that w unearned at the timeof such canecllation or termination. 11. Assignment of Miseethmeo s Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender' If the Property is damaged, such seellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or rep is economically feasible and Lender's security is not lessened. During such repair and restoration peri d, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had as opporamity t inspect such Property to ensure the work has been completed to Lender's satisfaction. provided that su.i. inspection shall be undertaken promptly. Lender may pay for the WYOMING anpb Fancy Fannie M.M1Freddle Met UM VMPW Walters lauwor Financial savka RM INeTROMtvr Fam 0061 1/01 MmW: VMP6fW1'111302) 00 Pape 0 of 14 repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, 'whether or not then due, with the exrres, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taldng, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial tatting, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous 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 Opposing Party (as defined in the next sentence) offers to make an award to 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 Miscellaneous Proceeds either to restoration or repair of the Property or ro the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds, Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property, or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against WYOMING Single Femll Fannie Maa/Fraddlo Mac UNIFORM INSTRUMENT Form 3051 1/01 VMPon VMP0IWY) (13021,00 Wallas Omar Financial Sorvlcoo I Pogo 10 01 10 repairs and restoration in a single isbursement or in a series of progress payments as the work is completed. Unless an agreement is de in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shal not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds_ If the resto lion or repair is not economically fcslble or Lender's security would be Iessened, the Miscellaneous Proce shall be applied to the sums secured by this Security Instrument, whetber or not then due, with the ex. if any, paid to Borrower. Such Miscellaneous Proceeds shalt be applied in the order provided for in S- 'on 2. In the event of a total tatting destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the secured by this Security Instrument, whether or not then due, with the excess. if any, paid to Borrower. In the event of a partial taking, est action, or loss is value of the Property in which the fair market value of the Property immediately b ore the partial ralang, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Scanty Instrument immediately before the partial taking, destruction, or loss in value;! unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous proceeds multiplied by the following fractio (a) the total amount of the sums secured immediately before the partial raking, destruction, or loss in value divided by (b) the fair market value of the Pro perty immediately before the partial taking, cstrtution, or loss in value_ Any balance shall be paid to Borrower. In the event of a partial taking, estruction, or loss in value of the Property in which the fair market value of the Property immediately ore rbc partial ta]dng, destruction, or loss in value is less than the amount of the sums secured imm ely before rite partial raking, destruction, or loss in valve. unless Borrower and Lender otherwise agr in writing, the Miscellaneous Proceeds sbalI be applied to the sums secured by this Security Instnmrenr w ether or not the sums are then due. If the Property is abandoned Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in tee sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender 'thin 30 days after the dare the notice is given, Lender is authorized to collect and apply the Miscellaneo Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrum .whether or not then due. `Opposing Party" means the third party that' owes Borrower lvriscelianeous Pr. s or the party against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower 4h111 be in default if .y action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in f rfciture of the property or other material impairment of Lender's interest in the Property or rights and this Security Instrument. Borrower can care such a default and, if acceleration has ocentred, reinstate ad provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lend is judgment, precludes forfeinnc of the Property or other material impairment of Lender's interest in tin- Property or rights under this Security Instrument. The proceeds of any award or claim for damages that attributable to the impairment of lender's interest in the Property are hereby assigned and shall be paid t Lender. All Miscellaneous Proceeds tha are not applied to restoration or repair of the Property shall be applied in the order provided for in n 2. 12. Borrower• Not Released; F; rbenrance By Lender Not a Waiver. Extension of the time for payment or modification of amortized n of the suns secured by this Security Instrument granted by Lender to Borrower or any Successor in Inter t of Borrower shall nor operate to release the liability of Borrower or any Successors in Interest of Borro; err Lender shall not be required to commence proceedings against WYOMING Slagle Family- Female M0NFeeddia Mac UNI ORM INSTRUMENT VMPe9 Wilted Kluwer Financial Service* InRLUI•a Fenn 3031 7/01 VMPOIwY) osoa.1W Pope 10 a 16 any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security Instrument but does not execute the Note (a "co- signer (a) is co- signing this Security Instrument only to mortgage, grant and convey the co- signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co- signer's consent, Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan 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 malting a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute awaiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's WYOMING Single Family Fannie Mcof'rodOle MK UNIFORM INSTRUMENT Form 3091 I/01 VMP Qp VMP9iWY1 f, 202).00 Woho,o Kluwer Monde/ Sorvlcoa Inhlola; Popo 11 01 1e any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the semis secured by t s Security rrvnnnnq by reason of any demand made by the original Borrower or any Successors in Inter of Borrower. Any forbearance by Lender in exercising any right or remedy including, without Iimitatio Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or i amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or ro edy. 13. Joint and Several Liability Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co- signer (a) is co- signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) }s not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees tot Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with rcgar�! to the terms of this Security instrument or the Not without the co- signer's consent. Subject to the provisions of on 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Se try Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits der this Security Instrument. Borrower shall not be released from Borrower's obligations and liability u er this Security Instrument unless Lender agrees to such release in writing. The covenants and agreom is of this Secerity Instrument shall bind (except as provided in Section 20) and benefit the successors d assigns of Lender. 14. Loan Charges. Lender charge Borrower fees for services performed in connection with Borrower's default, for the ptupose o protecting Leader's interest in the Property and rights under this Security Instrument, including, but no limited to, arorneys' fees, property inspection and valuation fees. In regard to any other fees, the ab of express authority in this Security insuuutent to charge a specific fee to Borrower shall no be construed a prohibition on the charging of such fee. Lender May not charge fees that are expressly prohibited by th Security Instrument or by Applicable Law. If the Loan is subject to a law w• sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges Elected or to be collected in connection with the Loan exceed the permitted Iimits, then: (a) any such I: charge shall be reduced by the amount necessary to reduce the charge to the permitted limit: and (b) ,.y sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. der may choose to make this refund by reducing the principal owed under the Note or by mating a direct jl•ayment to Borrower. If a reined reduces principal, the reduction will be treated as a partial prepaym- t without any prepayment charge (whether or not a prepayment charge is provided for muter the Note). o orrower's acceptance of any such retlmd made by direct payment to Borrower will constitute awaiver of any 'ght of action Borrower might have arising out of such overcharge. 15. Notices. All notices given b Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Bo vier in connection with this Security Instrument shall be deemed to have been giveu to Borrower when ed by first class mail or when actually delivered to Borrower's notice address if sent by other mews. otice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly re res othe-w use. The notice address shall be the Property Address unless Borrower has designated a subs rate notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change o address. If Lender specifics a procedure for repotting Borrower's WYY SNpI. F.m7y Fan gio MaalPtexIN Mac UN I AM INSTRUMENT Woho.. KWwa( ilnonda SoMc,. InnN4: VMP (1502)00 P60011 8110 M14. •••nmevunauw.aa Ard. change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Sectrity Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are snbject to any requirements and limitations of Applicable Law. Applicable Law might 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 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. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word may gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this 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 legal or beneficial interest in the Property, including, but not Limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of; (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or WYOMING Slnp /e Family Fannie MoMF oddle Moe UNIPORM INSI RUMCNT Form 3081 1/01 VM114111 VMP81WY/ /13021.00 Wolter* Kluwer Fln,Cbl Gonlcoe Init Pope 12 at 18 change of address, then Borrower sh: 1 only report a change of address through that specified procedure. There may be only one designared otice address under this Security basatancnt at any one time. Any notice to Lender shall' be given by eliver.ng it or by mailing it by first class mail to Lender's address stated herein unless Lender has d 'gamed another address by notice to Borrower. Any notice in connection with this Security 1 ent shall not be deemed to have been given to Lender until actually received by Lender. If any notice r sired by this Security Instrument is also required under A ic ble Law, the Applicable Law requirem 1I saris the corresponding ppl' Instrument w f 3 espoading regnitroneat tinder this Security My; Rules of Construction_ This Security Instrument shall be of the jurisdiction in which the Property is located. All rights and Instrument are subject to any requirements and limitations of explicitly or implicitly allow the parcel to agree by contract or it not be construed as a prohibition against agreement by contract. In of this Security Instrument or the Note conflicts with Applicable er provisions of this Security Instniment or the Note which can be vision. eat: (a) words of the masciline gender shall me= and include of the feminine gender: (b) words in the singular shall mean and (c) the word may gives sole discretion without any obligation to shall be given one copy of the Note and of this Security Instrument. r a Beneficial Interest in Borrower. As used is this Section 18. na a bond for deed, contract for deed, installment sales contract or escrow agrcennent, the intent of which is the transfer of title 1 y Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower in Borrower is sold or transferred) without Lender's prior ;mrediate payment in full of all sums secured by this Security not be exercised by Lender if such exercise is prohibited by 1.6. Governing Law; Severe: governed by federal law and the 1an' obligations contained in this Scour Applicable Law. Applicable Law tai might be silent. but such silence the event that any provision or cia Law, such conflict shall not affect o given effect without the conflicting pr As used in this Security I corresponding neuter words or woe include the phnal and vice versa; an take any action. 17. Borrower's Copy. Borrow 18_ Transfer of the Property "Interest in the Property" means any to, (hose beneficial interests transf is no t a natural person and a beneftc i written cornett. Lender may rcq Instmmeent. However, this option Applicable law. If Lender exercises this option. provide a period of not less than 30 wither which Borrower mast pay all these suns prior to the expiration of Security Instrument without further no 19. Borrower's Right to R Borrower shall have the right to hay prior to the earliest of: (a) five days this Security Instrument. (b) such o to After Acceleration. If Borrower meets certain conditions, enforcement of this Security Instrument discontinued at any time fore sale of the Property pursuant to any power of salt contained in er period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a J d melt enforcing this Security conditions are Thar Borrower: (a) pa's Lender all stuns which then would be due under Those and the Note as if no accel 'on bad occurred; (b) cures any default of any other covenants or WYOMING" anaio Family- Fan Mo3Froddlo MCC UNI ORgi INSTRUMENT Form Woke Kbwor Plna..W Servlu. S AVOW') 1 2 0 0 InnlC�cr Pot 12 or 16 gal or beneficial interest in the Property, including but not limn der shall give Borrower notice of acceleration. The notice shall s from the daze the notice is given in accordance with Section 15 secured by this Security Inscameat. If Borrower fails to pay this period, Lender may invoke any remedies permitted by this cc or demand on Borrower. agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other foes incurred for the purpose of protecting Lender's interest in the property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations seared hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the 'Loan Servicer that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must 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 cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes 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; (b) "Environmental Law" means federal laws and Iaws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action. remedial action, or removal action, as defined in Environmental Law; and (d) an ".Environmental Condition" means acondition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. WYOMING Sloole Fomlly Fen& Mae/Freddb Mac UNIFORM INSTRUMENT VIM eV Wolters Kluwor Financhl Services Form 3051 1/01 VMPBPNY) (13021.00 Page 13 of 10 agreements; (c) pays all expenses inc in enforcing this Security Instrument. includ but not limited to, reasonable attorneys' fees, pro. inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's inter t in the Property and rights under this Security Insttutnent; and (d) takes such action as Lender may re onably reqoire to assure that Lender's interest in the Property and rights under this Security Inctrmnent,l and Borrower's obligation to pay the suns secured by this Security bnstrm ent, shall continue unchanged, Leader may require that Borrower pay such reinstatement sums and expenses in one or more of the foil g forms, as selected by Leader; (a) cash; (b) money order, (c) certified check, bank check, treasurer, s check or cashier's check, provided any such chock is drawn upon an instimntion whose deposit are by a federal agency, instrumentality or entity; or (d) Electronic Fonds Transfer. Upon reinstatement Borrower, this Security Instrtunent and obligations secured hereby shall remain fully effective as if no leration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security. L can be sold one or more times without prior notice to Borrower. A sale might result in a barge in the entity (known as the "Loan Servicer that collects Periodic Payments due under the No and this Security Instrument and performs orbcr mortgage loan servicing obligations under the Note, Security Instrument, and Applicable Law. There also might be one or more changes of the Loan .ter unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given win notice of the change which will state die name and address of the new Loan Servicer, the address to w. ch payments should be made and any other information RESPA requires in connection with a notice o transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Lo Services or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless l.therwise provided by the Note purchaser. Neither Borrower nor Lender ...y commence, join, or be joined to any judicial action (as either an individual Iitigant or the member of class) that arises from the other party's actions pursuant to this Security Insaurnent or that alleges tha• the other party has breached any provision of, or any duty owed by reason of. this Security Instrument, 'til such Borrower or Lender has notified the other party (with such notice given in compliance with the r cmcnts of Section 15) of such alleged breach and afforded the other party hereto a reasonable peri d after the giving of such notice to take corrective action. If Applicable Law provides a time per'.. which must elapse before certain action can be taken, that time period will be deemed to be le for proposes of this paragraph. The notice of acceleration and oppornmity to cure given' to Borrow pursuant to Section 22 and the notice of acceleration given to Borrower pursuant so Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. 1LIzardous Substances. M used in this Section 21: (a) "Hazardous Substances' are those substances defined as toxic or hazardo'as substances. pollutants, or wastes by Environmental Law and the following substances; gasoline, kerosene, other fl unmable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, mateiials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law` means federal laws and laws of the jurisdiction where the Property is tomcod that relate to health, safety or environmen.al protection; (c) "Environmental Cleanup" includes any response action, remedial action, or =naval acion, as defined in Environmental Law; and (d) an "Environmental Condition" means aconditiontbat can r use contribute to, or otherwise trigger an Environmental Cleanup. WYOMTNC Snalo family- RAM. MooJFradd1. Mm UN/FORM 1NSTRUmENT Pool 3051 1101 VMPO' VMP6M'11 (130:1.60 wean. Kluwer Plnan ,I 5orvke. Inhl.(o Pape 110116 w... :0 4 .Sc V IL: "".7 I'li;iif e .x Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) 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, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, 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. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON UNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows; 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (e) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument, Borrower shall pay any recordation costs. Lender may charge Borrower a fee for WYOMING SINW Family Fennlo Mao/Fradalo Mac UNIFORM INSTRUMENT Form 5001 1101 VMPI!u 14 01 `p� Paer Woltma Kluwer Finondd SoM,,, 1M1I VMPO(WYI (13021 1 0 ••�•Pao 10 Borrower sbaf not cause or p t the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any, l dons Substances, on or in the Property. Borrower shall not do, nor allow anyone else ro do anydtm affectag the Properry (a) that is in viol, tion of any Emironmental Law, (b) which creates an Eovironm.. ral Condition. or (c) which, duc to the presence, use, or release of a Hazardous Subsaanee. creates a condi ion that adversely affects the value of the Property. The preceding two sentences shall not apply to tb presence, use. or storage on the Property of small quantities of Hazardous Substances that are g y recognized to be appropriate to normal residenriai uses and to maintenance of the Property (ncludin but not limited to, hazardous substances in consumer products). Borrower shall promptly give oder written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental r regulatory agency or private party involving the property and any Hazardous Substance or Environm Law of which Borrower has actual knowledge, (b) any Environmental Condition, including b t not limited to, any spilling, leaking, diseaarge, release or threat of release of any Hazardous Substance,, and (c) any condition mused by the presence use or release of a H17firdous Substance which adve:sel affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory a .ority, or any private party, that any removal or other remediarion of any Hr. Subsamce affec.•ing .e Property is necessary, Borrower shall promptly take all necessary remedial actrons in accordance with •vrronmental Law. Nothing herein shall create any obligation on Lender for an Environmental Qcanup, NON UNIFORM COVEN Borrower and Lender further covenant and agree as follows: V-. Acceleration; Remedies. der shall give notice to Borrower prior to acceleration following Borrower's breach of any cov or agreement is this Security acceleration wader Section 18 unless pplicable Law provide, otherwise). henotice (but o speciy: prfyr a) the default; (b) the action required t. cure the default; (c) a date, not less than 30 days from a date the notice is given to Borrower, by h'eh the default must be cured; and (d) that failure to tame the default on or before the date spocifi ,d in the notice may result in acceleration of the stuns secured by this Security Xnstrvment and sale o the Property. The notice shall farther inform Borrower of the right to reinstate after acceleration a d the right to bring a court action to assert the non-existence of a default or any other defense of Bo ewer to acceleration and sale. If the default is not cured on or before the date speed in the noti Lender at its option may require immediate payment in full of all sums secured by ties Security X cat withou t further demand and may htvoke the power of ea inairred in pursuing penni ted by Applicable Law. Lender shall be entitled to collect all reasonable attorneys' fees and the edits provided in this Section 22, including, but not limited to, costs f title evidence. If Lender invoices the and to the person in power of sale, Lender shall give notice of introt to foreclose to Borrower Lender shall give notice of the Nn of e Property, if different, in accordance with Applicable Law. publish the notice of sale, sale Borrower in the manner provided in Section Z. Leader shall Law. Lender or its designee l the operty shall be sold in the manner prescribed by Applicable applied In the following order: may per chase the Property at any sale. The proceeds of the sale shall be attorneys' fees; (b) to all SUMS (a) to. II expenses of the sale, including, but not limited to, reasonable or persons legally entitled to it. secur by this Security Instrument; and (c) any excess to the person 3. Release. Upon payment of See city Instrument. Borrower shall WYOMING Slurjtr. Featly. Ronnie MeorroaClo Met UN VMPOD Wolters Kluwer F4uedel Sow{OOo sums secured by this Security Instrument. Lender shall release this y any recordation costs. Lender may charge Borrower a fee for NM PN;.r5t5 FNT VMP0 Form ((13021 oo INOeUe v 100014 0( 10 aj:t °Earn. releasing this Security Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. 24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. 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 w' 't. Witnesses: (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) Borrower (Seal) (Seal) Borrower Borrower (Seal) (Seal) Borrower JODEE SPENCER Borrower WYOMING Single Family Fannie Mao /Freddie Mac UNIFORM INSTRUMENT Form 3051 1/01 VMP� VMP51WY1113021.00 WolTOrs Kluwer Flnanclal Services Initials Page 15 of 15 STATE OF WYOMING, This instrument was acknowledged before me on by TREVOR SPENCER Awn—aete5-9.1.effereit- My Commission Expires: COUNTY OF UNCOLN UBLIC STATE OF WYOMING MY COMMISSION MKS OCTOBER 21, 2015 Loan origination organization WELLS FARG0 RAM, N.A. NMLSR ID 399801 Loan originator almy OSBoANE NMLSR ID 400482 WYOMING Single Family fannlo MmliFraddle Mee UNIFORM INSTRUMENT VMP(0 Wolmm Kfuwor FInonclul Son/tcas 1 /281/54 Noniry Public Tide (and Rant) Form 3061 I/01 VMP6IWT) (1302).00 Papa le of le County ss: 644'7 Caete,-__ releasing this Security Instrument, b charging of the fee is permitted und 24. Waivers. Borrower releases laws of Wyoming. BY SIGNING BELOW, Borro Security Instrument and in any Rider Witnesses: WYOMING Llnola Family FoAnlo Moo/Fractal* MnO UNI1 VMPlR Wohoto0J1Yor FInonola/ Sc only if the fee is paid to a third party for services rendered and the Applicable Law. and waives all rights under and by vitt= of the homestead exemption er accepts and agrees to the terms and covenants contained in this coned by Borrower and recorded with ir. (Seal) Borrower (Seal) -Borrower (S=1) -Borrower ORM INSTRLAMeNT TREVOR SPERCER tondo: (Sear) -Borrower (Seal) Borrower (Seal) Borrower (Seal) -Borrower Roan 3001 I101 VMPOIWY) {13051.00 Pope 300310 STATE OFMIT6A€13a6 This instrument was aclmowlcd ed before me on 1 /1 by J SPENCER My Commission Expires: �Z 7 /7O/( SUBSCRIBED AND SWORN TO BEFORE ME THIS IL DAY OF..., BY TOT) EE ti 2 Loan origination organization Zt t A'MLSR ID 399 801 Loan originator array OSSORNE NMLSR TD 400482 VIM Pm t WC $Ilgie Fa Fannie Mev/Ffcddle M G UiFOAM INSTRUMENT Wenan Kluwer financial Samoa. ?ARGO sari, N.A. County ss: `)Pc-Vi S fpm 30G1 1,01 vMP6CWV) (1JOZ•0 iniWtol Pope lOpt lG Notary Public Cameron Alvoy 657935 Commission Expires June 27, 2016 State of Utah