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HomeMy WebLinkAbout975478After Recording Return to: Universal American Mortgage Company, LLC 15550 Lightwave Drive, Suite 200 Clearwater, Florida 33760 Loan No. 0008056939 975478 2/28/2014 2 :41 PM LINCOLN COUNTY FEES: $81.00 PAGE 1 OF 24 BOOK: 828 PAGE: 618 MTG, RE- RECORDATION JEANNE WAGNER LINCOLN COUNTY CLERK 1111111111111111111111111111111111111111111111111 111 II III 111 1111 Mortgage being re- recorded to correct notary acknowledgement on Mortgage recorded 11/25/2013 Rec #974308 Book# 824 Page# 544 NORTHERN TITLE CO. PO BOX 856 THAYNE, WY 83127 NNTL. -4 After Recording Rettan To: UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC 15550 LIGHTWAVE DRIVE SUITE 200 CLEARWATER, FLORIDA 33760 Loan Number: 0008056939 RECEIVED 11/25/2013 at 4:26 PM RECEIVING 974308 BOOK:824 PAGE:544 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY [Space Above This Line Far Recording Data] MORTGAGE MIN: 100059 60008 0569390 NIERS Phone: 885 679 6377 DEFINITIONS Words used in multiple sections ofthis document are defined below and other words are de 5ned in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage o£words used in this document= also provided inSection16. (A) "SecanityInstrament" means this document, whiohis dated NOVEMBER 19, 2013 together withafRidecs to this document (B) "Borrower'"is WILLIAM R LAJINESS and DANA 3 LAJINESS, HUSBAND AND WIFE Borrower is the mortgagor under this Security Instrument (C) "is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation. that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee umderthis Security Instrument. MFRS is organized and axistingunder the laws ofDe] aware, and has an address mod telephone number ofP.O. Box2026, 11uht MI 43501 -2026, tel (888) 679 -MFRS. CO) "Lendernis UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC Lenderisa FLORIDA LIMITED LIABILITY COMPANY organized and a ►drag under the laws of FLORIDA Lender's address is 700 NW 107TH AVENUE 3RD FLOOR, MIAMI, FLORIDA 33172 -3139 (E) Note "n>eans the promissory no signed by Borrower and dated NOVEMBER 19, 2013 The Note states that Borrower owes Lender ONE HUNDRED FORTY THOUSAND AND 00/100 Dollars (U.S. S .14 0, 0 00.00 plus ingest Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than DECEMBER 1, 2043 (b) "Propeztrmetmsthe puopertythatis described bebw under the heading "TracerofRighis ntheProperty. WYOMING..Si IeFamiy- -Famie Mae/Freddie Mac UNIFORM INSTRUMENT. MFRS Form 3051 1/01 Pagel of 14 ww doaaag 0544 (G) Loan "mearsthe debt evideaeedbytbeNot, plus interest, aryprepayment charges and laYecbar due under the None, arnd all sums due under this Security Instrument, plus interest (H) "Riders" nriearn 101Riders to this SecurityInsrnmoentthat are executedbyBorrower. The falbwingRiders are to be executed by Borrower [check box as applicable]: Adjustable Rate Rider O BalbonRider 1-4 Fan my Rider Cond Rider Planned Unit Development Rider Biweek]yPayment Rider SecondHome Rider Other(s) [specify] (I) "ApplicableLaw"means allconnolling applicable fnrderal, state and bcalstatutes, regulations, ordinances and adma"nsrrative rules and orders (that have the effect of law) as well as alt applicable final, non-appeabble judicial OjiiuiDai+. (J) "Community fees, assessments and other charges that are imposed on Borrower or the Property by a condonoluunm association, homeowners association or similar ozganization. (K) "Electronic-Funds Transfer" means any transfer offiinds, other thane t ansactioaoriginated by cbeck, draft, or similar paper instrument which is initiated tlt oughan elect mil: ternnunal, telephonic instrument, computer, or magnetic rape so as to order, instruct or authorize a financial inst turicn to debit or credit an account. Suchterm includes, but is not ]armed to, polut -of sale trots, automated teller machine transactions, transfers initiated by telephone, wire traders, and automated clearinghouse transfers. "Escrowltems" means those items that are described in Section 3 (NI) "Misce]laneonsPioceeds" meats any compensation, settlement award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Sections) for: (4 damage to, or destructbn of the Property, (ii)) condemnation or other taking ofall or anypart oftbe Property; M conveyance is ieuofcondemr1ion; or (iv) misrepreseitatians oo or osnissbrs as to the value and/or condition oftbe Property. (N) Mo>< tgagelnasntance" meanslusuranceprotectingLeudera gaistthne nonpayment of or default on, the Loan. (0) "Periodic-Payment" meats the regularly scheduled amount due for (4 principal and interest under the Note, plus (it) may amounts under Section3 oftbis Security Instrument (P) "RESPA "means the RealEstate Sett]ementPracedures Act (12 U.S.C. §260.1 et seq.) and its implerrenting regulation, Regu]atbnX (12 C.F.R. Part 1024), as tbeymigbt be amendedfrom tare to tame, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to allrequueme es and restrictions that are imposed inregard to a Tederally related mortgage loan" even ifthe Loan does not qualify as a "federally related mortgage ban" under RESPA- (Q) "Successorin Interest of Bormwer"meeanns anypartythat has takentitle to the Property, whether or not that partybas assumed Borrower's ob]igationsunder the Note and/or this Security Instmment. WYOMING— SingIeFamily—Fannie MaelFreddie Mac UNIFORM INSTRUMENT- MB S Farrn3051 1/01 Paget of 14 ww 0b45 TRANSFEROF 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 (i) the performance of Borrower's covenants and agree :eats under this Security Instnnnent and time Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee or Lender and Lender's successors and assigns) and to the successors and assigns ofMERS, willpower of sale, the following described property located in the COUNTY of LINCOLN (TypeofZecordiog Jtrisdictionj PareofItecoediag Juriselictiocej LOT 71 OF STAR VALLEY RANCH PLAT 18, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT FILED ON MAY 3, 1979 AS INSTRUMENT NO. 523540 OF THE RECORDS OF THE LINCOLN COUNTY CLERK. A.P.N.: 12 3418- 05 -3 -01- 013.00 which currently has the address of 15 PORTO PLACE (steel W IN n a gle Fa:My Fau ie MaeiFreddie Mac UNIFORM INSTRUMENT MEi5 STAR VALLEY RANCH Wyomi<rg 83127 (*Property Address IC ty] (Zip Code] TOGETHER WITH all the inTrovertents now or hereafter erected on the property, and alt easements, appurtenances, and &tures now or hereafter a part oftlae property. All replacements and additions shalt also be covered by th s Securitylnshiameot. Allofthe foregoing is referred to inths SecurityInstturnert as the "Property." Bormwerurderstands and agrees that MFRS holds onlylegaltitle to the interests grantedbyBorrower in this Security Insttument, but, ifnecessaryto comply with law or custom MBRS (as nominee for Lender and Lender's successors and assigns) has theright: to exercise any or atofthose interests, including but not limited to, the right to foreclose and selithe Property, and to take anyactionrequired ofLender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised oftbe 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 generaltythe title to the Property againstal( claims and demands, subject to any encumbrances ofrecord. THIS SECURITY INSTR.UMENT combiresuaiformcovenams furnatinialme and norrunifonneaverm swish limited variations by jurisdiction to constitute a uniform security instrument coveringrealproperty: UNIFORM COVENANTS. Borrower and Lender covens and agree as follows: 1. Payment ofPrindpal,Interest,EscrowItems, Prepayment Maps, and Late Champs. 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 Item pursuant to Section 3. Payments due under tine Note and the Security Instrument ent shalt be made in U.S. currency. However, if any check or other insin:ment received by Lender as payment under the Note or this Seemly Instrument is returned to Lender unpaid, Lender may require that anyor allsubsequentpayments dueunder the Note and this. Sectnitylrstrument be made in one or more ofthe fo lowing ferns, as se]ectedby Lender: (a) cash (b) money or der, (c) certi6ed check, bank A rck, treasurer's check or cashier's check, provided any suchcheck is drays n on aninstiution wIaosedeposi is are insured by a federal agency, instrumentality' or entity, or (d) Electronic: Funds Transfer: wwwww.docmagle 0b46 Payments are deemed received byLender when received at the location location as designated in the Note or at such. other may designated byL ender in accordance with the notice provis ore it. Section 15. Lender tray return anypayment orpartialpaymcntifthepayment or peatial pa. itymrrsis are insufftcientto bung the Loaacurrent. L ender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any riffs hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply suchpayinents at the time suchpaymeres are accepted. IfeachPeriedic Payments applied as of is scheduled due date, then Lender needniot pay *latest onunappliedfiinds. Lender =who'd suchunapplied funds tmtrl. Borrower makes payment to bring die Loan current. IfBorrower does not do so within a reasonable period of tine, Lender shall either apply such fiords or return them to Borrower. Ifnot applied earlier, such funds will, be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No oSet or chb n whichBorrower rriigbt have now or in the fiture against Lender s hat relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements seared by this Securly Instnunent. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender sballbe applied in the following order ofpriority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section3. Suchpayments sballbe applied to eaehPeriodic Payment in the order inwhichit became due. Any remaining annotiattsshallbeappliedfirsttolatecharges ,secbzxl to any other amounts due under this Security Instrument, and then to redeye the principal balance ofthe Note. IfLender receives a payment from Borrower for a delinquent Periodic Payment .which includes a sufficient amount to pay any late clime doze, the payment maybe applied to the delinquent payment and the late chhaage. If more than one Perodic Payment is outstanding, Lender nrdy apply any payment received from Borrower to the repayment ofthe Periodic Payments ig malty the extent that, eachpayment can be paid in Sill To the merit that any excess exists after the payment is appiied to ihe.Euf payment ofone or more Perodic Payments, suchexcessmay be applied to any late charges due. Voluntary prepayments sbafbe applied fast to aayprepaycoent charges and then as described in the Note. Any application ofpayments, insurance proceeds, or Miscellaneous Proceeds to principal due vender the Note shallnot extend or postpone the due date, or change the amount, ofthe Periodic Payments. 3. Funds for Escrowftems. Borrower shall pay to Lender on the day Periodic Payn ntsaredueunderthe Note, u tl the Note is paid in full, a sum (the 'Funds') to provide for payment of atmums due for: (a) taxes and assessments and other items which can attaiapr ority over this Security' as a lien or encumbrance on the PtopertY (b) leasebuold payments or ground rents on the Property, if any, (c) prennwm for any and all insurance required by Lender underSection5; and(d)Mortgage In and (d) Mortgage Insurance p ifany, or to Lender in lieu ofthe payment of Mortgage Insuzance premiums in accordance with the provisions ofSection 10. These items are called "Escrow Items." At or nor at anytime during Loan, Lendermayreguire that CommuirityAssociationDues, Fees, and Assessments, ifatzy, be escrowedbyBorrower, and suchdues, fees and assessments shall be an Escrow Item. Borrower shaltpromptby furnish to Lender all notices ofarmtmts to be paid under this Sectioan. Borrower shall pay Lender the Fords for Escrow Items winless Leander waives Borrower's obligation to payabe Funds for any or allEscrow Items. Lender may waive Borrower's obligation to payto Lender Funds for any orafEscrow Items atanytime. Any suchwaiver1COayonlybeinwritiag. Inthe event ofsuchwaiver, Borrower shalipay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, ifLerxlerrequires, shallf nni h to Lender receipts eve suchpaynnetxt withai suchtime period as Lender mayrequire. Borrower's obli; at: ionto make suchpayments and to provide receipts shallfar allpuzposes be deemed to be a covenant and agreement contained in. this Securkylnstxuu*nt as the please "covenant and agreement" is used in Section 9. IfBorrower is obligated to pay Escrow Items directly, pursuant to a waiver; and Bonnwer fats to pry the amount due for =Escrow Rau Lendernzayexercise its rightsunder Section 9 aid pay such amount and Borrower shalt then be obligated under Section 9 to repay to Lender any such amount. Lendermayrevoke txe waiver as to any or allEscrow Items at anytime byaatotice given in accordance with Section 15 and, upon suchrevoc ation, Borrower shallpayto Lender all Funds, and in such amounts, that are thenreguired under this Section3. Underway, at any tirm, collect and hold Funds inaaamount(a) sufficient to pennt Lender m apply the Fuods at the time speci&ed under RESPA, and (b) not to exceed the traCxinamairount a lender canrequiie under RESPA. WYOMING -Si eFamily—Farure Mae/Freddie Mac UNIFORM INSTRUMENT MERS t=orn 3051 1/01 Page 4 of 14 Doelifegicentrato wwdocnag oia47 Lender shall estimate the ararent ofFunds due ofthe basis ofciarent data and reasonable estireides ofexpenditures offiiture Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be bald in an on whose deposits are insured by a federal agency, instrumentality, or entity (including L ender, ifLender is an instfirtion whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to paythe Escrow Iteimno later thanthe time specified under RESPA. Lender shallmt charge Borrower for holding and applying the Funds, eerneilly analyzi the escrow =cu or the Escrow Items, twless 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 Appbcable Law requires merest to be paid ontbe Funds, Lender sbaflnot be required to pay Borrower any interest or earnings on the Funds. Borrower andLender canagree in writing, however, that merest stall be paid on the Funds. Lender shall give to Borrower, without charge, an amrnal accounting ofthe Funds as required by RESPA. Ifthere is a surplus of Funds held iz escrow, as defied under RESPA, Lender shall account to Borrower for the a cessfunds in accordance withRESPA. Ifthere is a shortage ofPu ds held inescrow, as defu edtmder1 sPA, Lender shallnati Borrower as required byRESPA, and Borrower sbalipayto Lender the amount necessary tomake up the shortage it accordance with RESPA, but in no ram than 12 monthly payments. Ifthere is a decency of Funds held in escrow, as defiled under RESPA, Lender sba]lmtifyBorrower as required byRESPA, and Borrower sballp ay to Lender the armunt necessaryto make up the defyciencyin accordance with RESPA, but intro snore than 12 monthly payments. Uponpaymentin .fullofafsumssecuredbythis Sectritylnstrument, LendershallpromptlyrefirrdtoBon ower arryFunds held by Lender. 4. Charges; Liens. Borrower sbafpayalhtaxes, assessments, charges, des, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if aiy, and Co=nunily AssociaaanDues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them it the manner provided in Section3. Borrower shall promptly discharge any lien which has priority over this (a) agrees it writing to the payment ofthe ob SccurityT rmle but we bgatiaa secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien is good faith by, or defends against enforcement ofthe Benin, ]egalproceedirgs whichinLender s opinion operate to prevent the enforcement ofthe lien while those proceedings are pending but only until suchproceedings are coxcbode4; or (c) secures fromthe bolder of the lien an agreement satisfitctoxy to Lender subordinating the lien to this Security Instrument If Lender detenmmes that any part ofthe Property is subject to alien which can attainpriority over this Security Instnmment, Lender may give Borrower a notice identifying the lien Within 10 days ofthe date on whichthat notice is green, Borrower shall satisfy the lien or take one or more ofthe actions set forth above in this Section 4. Lender mayreq *e Borrower to paya one -time charge fora real estate tax verification and/or reporting service used by Lender is cortnectionwitb. this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property interred against loss by fire, hazards included withintbe term "extended coverage," and any other hazards including, butxnot limned to, earthquakes and foods, for whichLender requires insurance. This insurance shalibe n>ai ironed it the amounts (including deductible levels) and far the periods that Lender requires. What. Lender requiros pad to the pmeding sentences can cbmnge during fire tern oldie Loan. The insurance carrier providing the irlsuuarre sbanbe cbosenby Borrower subjeetto Lender's Tight to disappmveBorrowet's choice, whichright shall not be exeressedumreasonably. Lendernaayrequae Borrower to pay, in cannectionwiththisLoan, either: (a) a one- time charge for flood zone determination, certi&ationand tracking services; or (b) a one -time charge for flood ziore determination and certifica ienservices and subsequent charges eachtinerexrappings or similar changes occur which reasoroablymight act suchdetemoioatian or ce rtifed:inn. Borrower shall also be responsible for tie payment of any fees imposed by the Federal EmergencyManagement Agency in connection with tie review of any food zone determnationresutting from au. objectionbyBorrower. IfBorrower fails to mairrtainany ofthe coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's erper a Lender is under no obligst bn 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 thecontents ofthe Property, against any risk, hazard or biablity and aright provide greater WYOMING —Sinq teFarr Mae/Freddie Mac UNIFORM INSTRUMENT. M92S Form 3051 1/01 Page 5 of 14 Dewilagle Came www.doonagle.com or lesser coverage than was previously in effect Borrower acknowledges that the cost ofthe insurance coverage so obtained might significantly meed the cost ofin.surance that Borrower could have obtained .Anyanoouras disbursed by Lender under this Section5sbaI lbecomeadditioue1debt ofBorrower secured byth Securityim1ianent. These =own shall bear interest at the Note rate from the date of disbursement and shalt be payable, with such interest uponnotice from Lender to Borrower requesting payment All insurance policies required by Lender and renewals ofsu h policks *gibe subject to Lender's right to disapprove suchpolicies, shall ioeinde a standard and shallnanme Lender as and/or as an additional loss payee. Lender shallhave the right to hold the policies and renewal certificates. ItLender requires, Borrower sballproirpt r give to Lender all receipts ofpaid premiums and rerewalnotices. Iftorrower- obtains' form ofinsurance coverage, not otherwise required byLender, for damage to, or destruction of, the properly, such policy shalt include a standard mortgage clause and thallium Lender as mortgagee and/or as an additional loss Payee- Infix event ofbss, Borrower shalt give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender .add Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance wasrequired byLender, shallbe applied to restoration or repair ofthe Property, ithe restoration or repair is economically feasible and Lender's security is not lessened. During suchrepair and restoration period, Lender sbaalave the right to hold s rchinstarance proceeds untllLender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satidaction, provided that- such iospection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series ofprogress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires irter to be paid on such insurance proceeds, Lender shailnot be required to p a yBorroweraayinterestor earnings onsuch ,proceeds. Fees for public adjusters, or other tbatd parties, retailed by Borrower shall not be paid out of the insurance proceeds and shalt be the sole obligation ofBorrower. Ifthe restoration orrepair isnot econamicallyfeasibie or Lender's secunnywould be lessened, the ivaurrance proceeds thane appl iedto the stuns sectredby this SectuytyI whetheror not trendue, wile the excess, ifany, paid to Borrower: Such insurance proceeds shall be appE d in the order provided for inSection2. IfBonower abandons the Property, Lender may file, note and settle any available insurance claim and related matters. IfBorrower does not respond widrin30 days to a notice fromLender that the insurance carrier has offered to settle a cl aim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either evert, or ifLender acquires de Property trader Section 22 or otherwise, Borrower hereby assigns to Leader (a) Borrower' s rights to any insurance proceeds in an amount not to exceed the amounts unpaid tinder the Note or iris Security Instrument, and (b) any other ofBorrowees rights (other thanthe right to any refund ofuneamed premiums paid by Borrower) under all insurance policies covering the Property, k3sofar as snchrights are applicable to the coverage ofthe Property. Lender mayuse the insurance proceeds either to repair or restore the Property or to pay amounts unpaid trues the Note or this Security' Instrumnent, whether or not then due. 6. Occupancy. Borrower shalt occupy, establish, and use the Property as Borrower's principal residence within 60 days diet tie executionoftbis Securitylnstrument anti shafcontitareto occrrpytbePropemr as Borrower's prixtipalresidence fair at least one year after the date ofoccupaney, unless Lender otherwise agrees inwri ing, which consent shall not be urreasorablywithheld, or unless extenuating circumstances exist which are beyond. Borrower's control 7. Preservation, Maintenance and Protection of the Property,;Inspeutions. Borrower shall not destroy, damage or impair the Property, allow fie Property to deteriorate or coma waste on the t Property. Whether or rot Borrower is residing fade property, Borrower shall imm' tain the Property in order to prevent the Property from deterbrataag or decreasingin value due to its condition. Unless it is determined pursuant to Sections that repair or restoration is not economic' feasible, Borrower shall promptly repair the Property if'damaged to avoid Sutter deterioration or damage. Ifixsurance or coademnationproceeds are paid in conrhectionwithdamage to, cede taking of the Property, Borrower shall be responsible for repairing or restoring the Property only ifLenderhas released proceeds ft►r such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series ofprogress payments as Ste work is completed. Ifthe insurance or conderruaat ionproceeds aro not sufficient to repair or restore the Property, Borrower isnot relieved ofBorrower's obligationfor the completionofsuch repair or restoration. 1 YOMING -S le Family-Fame MaeFredde Mac UNIFORM J4STRUM6't- .MERS Form3051 U01 Pages of 14 ub4V Lender or its agentmaymakereasonable entries upon.atd inspections ofthe Property. Ifithas gbh cause, Lender may irtspectthe interior oftbe improvements onthe Property. ,Lender sl:algive Borrower Mice at tic time ofor prior to such en interior inspection specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be an default IC during the Loan application process, Borrower or an ypersons or entities acting at the direccmnofBormwerorwithBorrower 's knowkdge orcotssent gave !materially fie, misleading, or inaccurate irtforamtien or statements to Lender (or failed to provide Lender with. material inf zn ation) in cormecfi„i n with the Loan. Material representations include, biz are not Baited to, representations concerning Borrower's occupancy ofthe Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property tad Rigkts Under this Security Instlewnent. If (a) Borrower fags to perform the covenants and ads contained in this Security Irstrrttnerrt, (b) there is a legal prooeedangtbat might s antlyaffectLender's interestin, the Property and/or rights undertiisSecuritykstrunre t (such as a proceeding in bankruptcy, probate, for condemnation or f Eeiture, 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, includes protecting and/or assessingthe value ofthe Property, and securing and/or repausug the Property. Lender's aromas caninciude, but are not limited to: (a) paying any sums secured by a lien which has priority over the SecurityInstnuneni (b) appearing iicourt; and (c) paying reasonable attorneys' fees to protect its interest intim Property and/or eights under this SecurictyInst nanent, ;nclydung its secured position in a banlamptcyproceedig. Securing the Property includes, but is not limited to enteric the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, elimnmte building or other code violations or dangerous conditions, and baveutdiries loaned on or oo Although Lender may take action under this Section9, 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 %3abitly for not taking arty or all actions authorized under this Section 9. Any armurasdisbtasedbyLeoderunderths Section.9 shaUbecome additionaldebtofBorrower securedbythis Security Irstrutwat. These amounts abailbear interest at the Note rate fromthe date ofdisbursement and shallbe payable, with.sach interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a 1e hold, Borrower shall comply with al the provisions of the lease. Borrower siaflnotsurrendertdtieleaseholdestateand iaterenshereinconveyedortermin ate orcatreltinegroundlease. Borrower shall rot, without the express written consent of Lender, aker or amend the ground lease. IfBon'ower acquires fee title to the Property, the leasehold and the fee tiny shallnot noerge unless Lender agrees to the merger inwriting. 10. Mortgage Insurance. IfLenderrequi ned Mortgage Insurance asaconditianoftnakingtheLoar; Borrower shatlpay the premiums required to maintain the Mortgage Insurance in effect It for any reason, the Mortgage Insurance coveragerequaedbyLenderceasestobeavaiilablefomthe mortgage insurer that prevmusls ,pro such insurance and Borrower was required to make separately designated payments toward the premier far Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equmialent to the cost to Borrower ofthe Mortgage Insurance previou sl3r in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrowershailcontanre to paytoL ender the amount ofthe 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 lieaofMortgage Insurance Suchloss reserve shallbe nonrefinadable, notwitlsstadiag the fact that the Loan is ukinatelypaid infull and Lender shallnot be required to payBorrowerany interest or earnings on suehioss reserve Lender canna Longer require loss reserve payments ifMortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again. bemires avaiable, is obtained, and Lender regret' separately designated payrnerns toward the premium for Mortgage Insurance. I£I.ender 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 shaUpayay the pretrmansrequ fired to maintain Mortgage Insurance ia, effect or to provide a non-refundable loss reserve, until Lender's requitement for Mortgage Insurance ends inaccordancewithanywritten agreement betweenBerrower and Lender providing for suchtermunatian or until termination is required by Applicable Lava Nothing irnthis Section 10 acts Boaower's obligation to pay interest at the rate provided in the Note. WYOMING—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MFRS Form3051 1/01 Pagel of 14 Da ag1 240 0'550 Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain Josses it may iecur if does not repay the Loan as weed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their totalrisk on aIlsucha aance i1 force £omtime to time, and any enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are onternns and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements_ These a reeirentsmayrequire the mortgage insurer to make payments using any source offimds that the mortgage insurer mayhave available (which may include funds obtained front Mortgage Insurance premiums). As a result ofthese agreements, Lender, any purchaser ofthe Note, another insurer, anyreitrsurer, any other entity, or anyaffiliate ofanyofthe foregoing- noayreceive (directly or indirectly) arnauntsthat derive from(ormigbt be characterimedas) a portinnofBoaower's payrnenN for Mortgage Insurance, in exchange for sharing or modifying the 'mortgage insurer's risk, or reducing losses. lfsuch ageement provides that =affiliate ofLender takes a share ofthe insurer''s. risk M. exchange for a share of the premiums paid to the insurer, the anmgement is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mo:tga;e Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrowerwill owe forMortgage 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 underthe Homeowners ProtectionAct of 1998 or any otherlaw These lights may include the right to receive certain disclosures, to request and obtaiot cancellation of the Mortgage Insurance, to have the Morgagelnsurancete =skated automatically, andforto receive a refund of am-Mortgage Insorancepremimns that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. A11Miscellaneous Proceeds are hereby assigned to and shallbe paid to Lender. Ifthe Property is damaged, MiscellaneousProceeds shallbe appliedto restoration orrepako £fe Property, lithe restoration or repair is economically feasi ole 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 snchProperty to ensure the work has been completed to Lender's satisfaction, provided that suchinspectionshmllbe tuldertakenpronuptly. Lender maypayfor the repairs and restoration ina single disbursement or is a series ofprogress payments as the work is completed. Unless an agreement is made in writing or Applicable Lawrequues interest to be paid onsuchMiscellaneous Proceeds, Lender shalinot be required to payBorrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security-would be lessened, the MisceilaneousProceeds shallbe applied totbe sums secured bythis Security Instrument, whether or not then due, with the excess, ifany, paid to Borrower. SuchMisce]laneousProceeds shall be applied in the order provided for in Section2. Inthe event ofa total•akmg destruction, or loss involve ofthe Property, the Miscellaneous Proceeds shallbe applied to the sums secured by this Security Inastmment, whether or not then due, with the excess, if any, paid to Borrower. lathe event ofa partial takirs destruction, or loss in value ofthe Property in which the Sir market value of the Property urnnediatelybe£ ore the partieltaki destruction, or loss mvalue is equalto or greater thanthe amount ofthe suns secured bythis Security Instrument immediatelybethte the partialtaking, dam, or loss invahre, unless Borrower and Lender otherwise agree irtwrrtnng, the sums secures dbyth s SecunrityIrnrent shallbereduced by the amount ofthe Miscellan eous Proceeds multiplied by the follownrg fraction: (a) the total amount ofthe sums secured �lybefare the partialtaking, destruction, or loss in vabe divided by (b) the fair marketve]ue ofthe Property iumnediatelybefore the partial takir destruction, or loss ill value. Anybalance shone paid toBorrower. In the event ofa partial taking_ destruction, or loss in value ofthe Property in whi h the fair market value of the Property innmediatelybefore the partial taking, destruction, or lass in value is less than the amoumt ofthe sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower amd Lender otherwise agree inwr ti g, the MiscellsaneousProceeds shallbe applied to the sums secured bythis Security Instrument whether or not the sums are then due. Ifthe Property is abandoned byBonower, or X after notice byLenderto Borrower that the Opposing Party (as defined in the next sentence) offers to snake an award to settle a claim for damages, Borrower falls to respond to WYOMING—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMa4T- MFRS Form 3051 1)01 Page8 of 14 www.docmagie.com L ender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair ofthe Property or to 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 wbomBorrower has a right of action in regard to Miscellaneous Proceeds. Borrower span be in default if any action or proceeding, Ai:tether civil or criroinal, ;s begun that, in Lender's judo, could result iafor einre oftlse Property or other materialimpaiiinent ofLender's interest in the Property or rights under this Securitylislxur ent, Borrower cancure sucha default and, Eacceleratiionhas occurred, reaastate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeitu ofthe Property or other material impairment ofLender's interest in the Property or rights under this Security Instrument. The proceeds of arty award or claim for damages that are attr, utable to tlx impair oem ofLender's interest in the Property are hereby assigned and shall be paid to Lender. AllMiscellaneous Proceeds that are not applied to restoration or repair ofthe Property shall* applied in flee order provided for in Section 2. 12. BozieswerNot Released; Fod earance By LenderNot a Waiver. Extension oftbe tame for paw or modification ofmmrtization oftbe sums secured by this Security Irrsrtrnex t granted by Lender to Borrower or any Successor in Interest ofBorrower sha]1not operate to release the liability ofBonrower or any Successors in Interest ofBormwer. Lender shell not be required to commence proceedings against atty. Successorin Interest ofBorrower or to refuse to &vend time fir payment or otherwise modify amortization of the suers secured by this Security Instwment byreason ofany demand made by the originalBoaower or antsy Successors inInterest ofBorrower. Any forbearance by Lender in exrerrcisirg any right or remedy including, without tunny Lender's acceptance of payments from third persons, ertkim or Successors in interest ofBorrower or in amounts less than the amount then due, stall not be a waiver ofor preclude the exercise ofanyeight or remedy. 13. Joint and SeveralLiabdtlity; Co-signers; Successors and Assigns Bound. Borrower coveoanls,and agrees that Borrower's obigatiorm and liabn7n' ysballbejoait and several However, anyBorrower who co- signs this Security Instrument but doesnot execute the Note (a "co- signer (a) is co-sagntluis Securitylnstrumert only to mortgage, grant and convey the co -sigmas interest it the Property under the terms of this Security I nt (b) is not personally obligated to pay the sums secured by this Security Instrui and (c) agrees that Lender and any other Borrower can.agreeto extend, modify, forbear ormake anyaccommodatierewitlrregard to the tears ofthis Security Instnr or the No without the co- signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligatiansuodertbis Security Lnstr axinwriting, and is approved by Lender, sballobtainallofBorrawer's rights andbennef asunder this Securitylnstru ent. Botrowershafmtbe releasedfromBorromer's obligatisns and Eabaty under this Securnylzntrumentuoless Lender agrees to suchrelease in writing. The covenants and agreements oftbis Security Instrument shalt bad (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, far the purpose ofprotecting Lender's interest in the Property and rifts under this Security Instrument, keluding, but not limited to, attorneys' fees, property mspectianarrd'valuation ice. ]nregard to any other fees, the absence of express authority in this Security Instrument to charge a speck fee to Borrower shallnot be construed as apmhrbitino.°tit a chargingofsucli fee. Lendermaynot charge fees ecpmesslyprobbied ley this Security Instrument or by Applicable Law. Ifthe Loan is subject to a law which sets matmoumban, charges, aril that kw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted, then: (a) aaysuch loan charge slmllbe reduced bythe amount necessaryto reduce the charge to the permitted lint; and (b) any sums already collected from Borrower which exceeded pe need Innflts' will be retarded to Borrower. Lender may choose to melee this refund byreduciagtbe pri ncipalowed under the Note or by nuking a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any preps charge (whether or not a prepayment charge is provided tern under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower wall constipate a waiver ofanyrighr ofact'ianBorrrower migh have arising out ofsuch overcharge. 15. Notices. Allnoticesgivenby Borrower or Lender is connection with this Secucit9lrnslrurneat must be in writing. Anynotice to Borrower in con nectionw.ittbis Security Instrument sbaltbe deemed to bane been given to WYOMING IeFamily- Pars,iee tvtae1Freddie Mac UNIFORM INSTRUMENT- MB2S Form 3051 1/01- Page 9 of 14 ww o 0052 Borrower wren mailed by first class mail or when actually delivered to Borrower's notice address ifsent by other means. Notice to anyoneBonrower sballconstitttteaotice to allBorruwers unless ApplicableLaw expresslyrequi es otherwise. The notice address stall, be the Property Address unless Borrower has designated a substitute notice address bynotice to Lender. Borrower shallpromptly notify Lender ofBoaower's change of address. Ill. ceder specifies aprocedure for reporting Borrower's change ofaddress, thenBotrower shaltoalyxeport a change ofaddtess through that speed procedure. There maybe only one designated notice address under this SecurayInstrmmertt at any one time. Any notice to Leader shallbe givenby delivering it or byrttailmg it by first classmaal,to Lender's address stated herreinvq]ess Lender has designated another address bynotice to Borrower. Anyaotiee in connection with this Security Instrument s1 ]1mt be deemed to have beengiven to Lender tn>taa actually by Lender. If any notice required by this Security Instrument is also required trader Applicable Law, the Applicable Law requirement wall satisfy the corresponding requitement under this Security Imo. 16. Governing Lave; Seversbthty; Rules of Construction This Seemly lnstnu u tt than be governed b federal law and the law ofthe ju on is which the Property is located. Allr gists and obligation' s contained is this Security Instrument are subject to any requirements and Inns ofApplkab]e Law. Applicable Law might asplie ttly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prolubitmn against agreement by contract. In the event that any provision or clause ofthis Security Instrument or the Note conflicts with Applicable Law, suchconfRct shailmt allot other provisions ofthis Security Instrument or t h e N o t e w b i c h c a z t b e given eff ct without the conflicting provision As used in this Security Instrument: (a) words ofthe masculine gender sheameanhad include corresponding neuter words or words of the *minim gender, (b) words in the singular sballmeanand 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 co ofthe Note and ofthis. Security Instrument. 18. 'Transfer of the Property or a 'Beneficial Interest in Rammer. As used in this Section 18, Interest in the Property" means any legator beneficial interest in, the Property, ioocludiog, but not .meted to, those beneficial interests transferred ma bonifar deed, contract for deed, i stallment:sales contract or escrow agreement, the intent ofwhich is the transfer oft3tle by Borrower at a Enure date to a purchaser. Ifall or any part ofthe Property or any Interest in the Property is sold or homed (or ifBorrower is not a natural person and a beneficial interest inBorrower is sold or transferred) without Lender's prior written co L ender mayreguare immediate payment ar fufofallsums secured bythsSecuthyInst However, this option shallnot exercised byLetder ifsuch exercise is prohibited by Applicable Law. IfLer her exercises this option, Lender shall give Borrower notice of acceleration. The notice slallprovide a periodofmt] essthan30 days *omthe date notice sgivenina c w itlr,Sectionl5witinwhichBorrower must pay all stars sectored by this Security 121stnmtent IfBo:rower fazts to pay-these sums prior to the evi atidn of this period, Lendermay invoke a yre p dbythisSecurityinstruamntw ithoutg>rtbernoticeordemand on Borrower. 19. Borrower's Right to Reinstate AfterAccele ration. ItLBorrowermeets certai nconditbrn, Borrower shall have the right have errfacerxrert ofthis Securitylnstxument discontinued at anytime prior to the earliest of (a) five days before sale ofthe Property pursuant to any power ofsale contacted in this Seccritylustrument; (b) such other period as Applicable Law might specify for the teanioation of Borrower's right to reinstate; or (c) entry ofa judgment enforcing this Security Instnnnent Those coraditiotts are that Borrower: (a) pays Lender all suns which tbenwould be &sunderthis SecurlyInstrummt and the Note as ifm acceleration had occurred; red; (b) clues any default ofany other covenants or agreements; (c) pays an eapensesinctmed inenforcing this Securitylnstrtanernt, itrluding, but not bled to reasonable attorneys' ties, property iospect ionand valtrationfees, and other fees incurred for the purpose ofprotectmg Lender's interest m. the Property and rights under this Security Izstrumesnt; and (d) takes such aetienasL order mayreasonablyrequireto assure that Leaders interest in the Property andrights undert iSSecnrity Instrument, andBorrower's obligationto paythe sums securedby this Security' Instrument, sballcontinteunchanged. Lender maayrequae that Borrowerpay suchremstatement sums and expenses in one or more oftbe ivlbwing forms, as selectedbyLender: (a) cash; (b) m neyorder; (c) certified check, bank check, treasurer's check or cashier's checlt, provided anysuchcheck is dravvnuponan. in mbnion whose deposits are insured by a fiederalegancy, instrirnentaBty or entity, or(d)Electronic Funds Transfer. Uponrea te~ tuentbysorrower, this SecurityItstrumeru and obligations WYOMING —Si eFamily—Fannie Mae/Freddie Mae UNIFORM INSTRUMENT- MFRS Form 3051 1101 Page 10 of 14 noeMepfc,rtss www.docmeglc.com Ob53 secured herby shallremainfilly effective as ifno acceleratianhad occurred. However, this right to reinstate shall not apply in the case of accelerationumder Section 18. 20. Sale of Note; Change of Loan Servicer, Notice of Grievance. line Note or a partial interest in. the Note (together with this Securityln t) canbe sold one or more times without prior notice to Borrower. A salemibht 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 Latin There also might be one or more changes ofthe Loan S trvicer meted to a sale of the Note. Ifthere is a change oftheLoanServicer, Borrower wi lbe even writtennofice oldie thaw whiehwall state the mane and address ofthe new Loan Servicer, the address to wbichpayments should be made and arty other i nfonratianRESPA requires in connection with a notice oftransfer ofservicing If Note is sold and thereafter the Loan is serviced bya Loan Servioerother than the purchaser ofthe Note, the mortgage ban servicing obligations to Bonowerwritremaiwi with. the Loan Servicer or be tratufmred to a successorLoanSetvicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be jointed to arty judicial. action (as either an individual litigant or the member ofa class)t3sat arises fromthe other party's actions pursuant to this Secur rylnstr rut or that alleges that the other party has breached any provision oo or arty duty owed by reason oo this Security Instrument, unttlsuchBorxower or Lender has notified the other party (with suchnetice givenin compliance wirhthe� of Section 15) ofsuchallegedbreach and a$prded the other party hereto a reasonable period after the giving ofsucb notice to take corrective action. IfApplit table Law provides a time period which rmst elapse before certain action can be taken, that tine period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to care Rican to Borrower pursuant to Section 22 and the notice ofaccel rateongiven to Borrower pursuant to Section 18 shall be deemed to satisijr the entice and opporote ity to take coneective action provisions ofthis Section20. 21. Hazardous Substances. As used in this Section 21: (a) 'Hazardous Substances" are those substances defined as toxic orhazardous substances, pollutants, or wastesby EnvcromnentalLaw and the following substances: gasoline, kerosene, other flammable or toxic petroleumzpaoducts, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fernaldehyde, and radioactive roateriak; (b) 'Environmental Law" means federal laws and awsofthejurisdic ion where theP ropertyis locatedtlmt relate to]reeth, safety or env aornmentalprotectiorr, (c) "Environnoental Cleanrp" includes arty response action, remedial action, or removal ac tk n, as defined in Eavirorrnenral Law and (d) an "Environmental Condign" means a condition that can cause, cormnbu to to, or otherwise trigger an Environmental Cleanup. Borrower sballrlot cause or permit the presence, use, disposal, storage, or release ofamyHazardous Substances, or tbreatento release anyHazardous Substances, onor inthe Property. Borrowersballnot do, nor allow anyone eke to do, anything affecting the Property (a) that is in violation of any Env*ontrental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release ofa Hazardous Substance, creates a condition that adversely ly afects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage onthe Properly ofsmallquantities ofHaazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property but not limited to, hazardous substances in consunrter products). Bonmwer sballprompdy give Lender written notice of (a) any investigation, claim, demand, hvvsuit or other actsonbyanygevernme talorregu latoryagencyorprivatepattyin olviogthePr opertyroodayoyllazardovsSubstance orEavuaamertalLawoferhichBor rower has actualknowledge, (b) a atayrnvironmental.Corditinn, includingbutnot limited to, any spy discharge, release or threat ofrelease of any Hazardous Substance, and (c) any condition caused by the presence, use or release ofa Hazardous Substancewhieh adversely affects the value oftbe Property. IfBorrower learns, or is notified by any go'u rn :malor regulatory authority, or auyprivate pry, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take altnecessaryremedialactions inaccordancewitiEnviroamertalLaw. Nothing herein shafcreateany obligation =Lender for as Environmental Cleanup. WYOMING—Single Family Fannie MaeiFreddie Mac UNIFORM INSTRUMENT- MBtS Form 3051 1101 Page 11 of 14 DoeMagletManamt sww.accmagie.com O54 NON [FORM COVENANTS. Borrower and Lender fiirtber covenant and agree as follows: 22. Acceleration; Remedies. Lender shalt live notice to Borrowr prior to acceleration folio ving Borrower's brea ch. ofany covenant oragreenzentinthis SecmdtgIsistrament(but not priorta acceleration under Section 18 unless Applicab1e Lawprovides otherwise). The notice shall specify: (a) the default; (b) the action required to cum* the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by whichthe defauk must be cured; and (d) that faiilame to clue default on or before the date specified in the notice may result in accelerationof the stuns secaxedby this SecurityInstxvment and sale of the Property. The notice shall farther inform Bos owerof 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 Bormwerto acceleration and sale. If the defauk is not cured on or before the date specified in the notice, Lender at its option may regain immediate payment in NI of all suns secured by this Security Iostnument'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 expensesincursedinpzflsningtheremedtiespmviidedinthis Section22, including, butnotlhnitedto, reasonable ettozneys• fees and costs of tide evidence If Lenderinvoles the powerof sale, Lendershall Dive notice of intent to foreclose to Borxoeaerand to the person in possession of the Property, if diiffcxentt, in accordanceeathApplicable Law. Lendersball give notice of the sale to Borrowerin the mannerpmvided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the mannerpxtiesciibedbyApplicabie Law. Lenderorits 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. Uponpayment ofallstnrg secxtredbytbis SecrayI, Lender sbalreleasethis Security Itntnnaemt. Borrower shalipay any recordation costs. Lender anycltargeBonower a flee for releasing this Security Instrument, but only ifdu fee is paid to a third party for services rendered and the chatgr4 ofthe fee is permitted under Applicable Law. 24. Waivers. Borrower releases and 'waives aIl rights under and by virtue oftbe homestead exemption. laws of Wyozni WYOMI' G -Single Famity..Fande MaefFredthe Mac UNIFORM INSTRUMENT- MERS Form3051 1M1 Page12 of 14 www.docmagk.cam 0b55 BY SIGNING BELOW, Borrower accepts and agrees to the ten= and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it t WILLIAM R SS -on -Borrower -Borrower (Seal) -Borrower Witness: Witness: WYOMXIG -Si IeFamfly- Farm,e Mae/Freddie Mac UNIFORM INSTRUMENT- MFRS Form 3051 1I0 Page 13 of 14 (SeaI -Borrower (Seal) Borrower c www.doanagk.com 0.656 0 4 State of County of irealeetit 19 pg e This instrument was acknowledged before me on b WILLIAM R LAJINESS AND DANA J LAJINESS SOKTHY PHOUN My Appointment Expires Dec 16, 2014 (Seal, if Notary Public State of Washington SOKTHY PHOUN My Appointment Expires Dec 16, 2014 [Space Below This Line For Acknowledgment] WYOMING- SingleFamity— Fannie Mae/Freddie Mac UNIFORM INSTRUMENT- MFRS Form 3051 1/01 Page 14 of 14 Caio, My commission expires- Signature ofnotarial officer Tice (and Rank) gk DoeMagreinrate www.docmagit.com 0b57 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. i• W LLIAM R LA (Seal) Borrower (Seal) Borrower (Seal) Borrower Witness: Witness: WYOMING Single Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT MERS Form 3051 1/01 Page 13 of 14 (Seal) Borrower (Seal) Borrower DocMag/c eiccreil= www. docmagic .com State of G WA. County of 1( )/5 This instrument was acknowledged before me on [Space Below This Line For Acknowledgment] b WILLIAM R LAJINESS AND DANA J LAJINESS 4 -r r,- Mw 1l Ih1 P *1P (Seal, if any) WYOMING Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT MERS Form 3051 1/01 Page 14 of 14 k hi/ Signature of notarial officer -in p41( Title (and Rank) My commission expires- 00 1 L DocMag/c game www.docmagic.com PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 19th day of NOVEMBER, 2013 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the 'Security Ir tru ent, oftltie same date, givenbythe undersigned (the 'Borrower") to secure Borrrowees Note to UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC, A FLORIDA LIMITED LIABILITY COMPANY (the "Lender') oflie sane date and coding the Property described lute Security Instrument t and located at: 15 PORTO PLACE, STAR VALLEY RANCH, WYOMING 83127 mopt.Ammis) The Property includes, but is not ]united to, a parcel.ofland improved with a dwelling together with other such parcels and certain common.areas and facr�' s, as described in COVENANTS, CONDITIONS AND RESTRICTIONS OF RECORD (the 'Declaration"). The Property is a part ofa planned unit development known as STAR VALLEY RANCH tZ °Meted Veit Dovebpr ,4 (the '7UD" The Property also includes Borrower's interest in the homeowners associationor equivalent entity owning or msmgit6tle commonareas and facxi iitie9 s ofthe PUD (the 'Owners Association") and the uses, benefits and proceeds ofBotrower's interest. PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as fioltows: A PUD Obligations. Borrower shall perform all ofBorrowefs obligations under the PUD's CoxstituentDocumevts. The "Constitwelt Docum ents" are the (s) Declaratio n (i1 attkbs of incorporation, trust instrument or any equivalent documentwhrichcreates the Ovvners Association and (iia"� arrybydaws or other rules or regulations ofthe Owners Association. Borrower shaUpromptlypay, whendue, endues and assessments imposed pursuant to the Corstiarer t Documents. B. Property Insurance. So long as the Owners Associationmaintains, vvitha generally accepted insurance carrier, ;Chester" or "blanket" policy insures the Property which is satisfactory to Lender and MULTISTATE PUD RIDER-S ngiee Fart* Facie Mae/Freddie Mac UNFORM INSTRUMENT Form 31501/01 Page 1 of 3 Loan Number: 0008056939 Doclitagle Moran www-ticemagic.corn 0o58 whichprovides it>stttance coverage in the moots (including deductible levels), for the periods, and 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 insurance, then: (x) Lender waives the provision in Section for tie Periodic Payment to Lender ofthe yearly preminminstallments for property insurance on the Property; and (ii) Borrower's obligation under Section 5 to maintain property insurance coverage on the Property is deemed satisfied to the went that the regaled coverage is provided by the Owners Association policy. What Lender requires as a condition. ofthis waiver can change during the teem ofthe loan. Borrower shallgive Lender promptMiceofany lapse inrequiredproperty insurance coverageprovided by the master or blanket policy. tithe event of a distribution ofpraperty insurance proceeds in lieu ofrestoration or repair following a loss to the Property, or to commonareas and fads oftbe PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shallapply the proceeds to the sums secured by the Security Imo, whether or not then due, will the excess, ifany, paid to Borrow= C. Public Liability lnSUranCe.Borrower shalitake such actions as may be reasonable to insure that the Owners Associationznaintairs a public liabBly insurance policy acceptable in form, anoint; and evert ofcovezage to Lender: D. Condemnation. The proceeds of any award or claim fir damages. direct or consequential, payable to Borrower in connection wilt any condemnation or other taking ofallor anypart oftbe Property or the common areas and faca'lr4' es ofthe PUD, or for any conveyance in lieu o£condem mtkin, are hereby assigned and shallbe paid to Lender. Suchproceeds shallbe applied by Lender to the sums secured by the Sec urityInstrument as provided in Section 11 E. Lender's PriorConsent Borrower shallnot, except after notice to Lender and with Lender's prior written consent, either patttion or subdivide the Property or consent to 0 the abandonment or temoica ien ofthe PUD, except for abandonment nt or termination required by law intlae case ofsubstantial destrnzctionbyfee or other casualty or in the case ofa taking by condemnation. or eminent dome q (i) any ameadrne tto anyprovisionofthe "Constituent Documents" ifthe provision is for tlae'e:press benefit of Lender, (iix) termination. ofprofessional management and asstmrption of self managerrent ofthe Owners Association; or (iv) any action which would have tle effect of rendering the public liability insurance coverage roaintained by the Owners Association unacceptable to Lender. F. Remedies. IfBorrower doesn't payPUD dues and assessmentswhendue, thezLendermaypay them. Any amounts disbursed byLender under this paragraph P sha]lbeconne additionaldebt ofBorrower secured by the Security Instrument. Unless Borrower and Lender agree to other temps o£ payment, these amounts shallbear interest fmmthe date ofdisbursern r nr attbe Note rate and shaltbe payable, with it teest, uponnotice frornLenderto Borrower requesting payment. MULTISTATE PUD RIDER—Single Farmt�yy Farms Mae/Freddie Mac UN FORM INSTRUMENT Form 31501/41 Page 2 of 3 DociltagkOkomtis 0o59 BY SIGNING BELOW, Borrower accepts and agrees to the terns and covenants caffiained in this PUD Rider. (Seal) Borrower MULTISTATE P&JD RIDER Fain Fannie Mae/Freddie Mac UN INSTRUMENT Form 31501/01 Page 3 of 3 (Seal) -Borrower a a docrosgIc com 0560 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD Rider. k. WILLIAM R L (Seal) Borrower (Seal) Borrower DANA J LAJ (Seal) Borrower (Seal) Borrower (Seal) (Seal) Borrower Borrower MULTISTATE PUD RIDER Single Family Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 Page 3 of 3 DocMaglc Magma www.docmagk.com MULTISTATE SECOND HOME RIDER -Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 38901/01 Page 1 of 2 Loan Number: 0008056939 SECOND HOME RIDER THIS SECOND HOME EIDER is made this 19 thday of NOVEMBER 2013 and is incorporated *to and shall be deemed to amend and supplercent the Mor iaage, Deed of Trust, or Secure'' Deed (the "Security Instrument") ofthe same date given by the undersigned (the 'Borrower," whether there are one or more persons undersigned) to secure Borrower's Note to UNIVERSAL AMERICAN MORIGAGE COMPANY, LLC, A'Eti)RIDA LIMITED LIABILITY COMPANY (the Lender") of the soar date and covering the Property described in the Security Instrument (the 'Property'), which is located at: 15 PORTO PLACE, STAR VALLEY RANCH, WYOMING 83127 [Trope tyAddress] In addition to the covenants and agreements made in the Security Instrument, Borrower and L ender feather covenant and agree that Sections and 8 ofthe Security Instnm,ent are deleted and are replaced by the following: 6. Occupancy. Borrower sballocaipy, and shall:ou1yuse, the Property as Borrower's second hones. Borrower shall keep the Property available for Borrowers exclusive use and enjoyment at all traces, and shall not subject the Property to any tarn sharing or other shared ownershbp arrangement or to any rentalpool or agreement that requires Borrower either to rent the Property or give a rranagenera firm or any other person any control over the occupancy or use ofthe Property. 8. Borrower's Loan Application. Borrower Shan be in dthult i;c during the Loan app]icatiinprocess, Borrower or anypersons or entities acting at the directionofBorrower or with Borrower's knowledge or cornett gave materiaity false, mislead*, or inaccurate atfomratmn or statements to Lender (or fgi1edto provide Lender wi nnteraa luerrtoxnaation„) incoxaiectionwithflre Loan Material representations include, but are not limited to represent concerning Borrower's occupancy ofthe Property as Borrower's second home. vovw.doctnagic.com Ob6i BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants conned in this Second Home Ruder_ MULTISTATE SECOND HOME RIDER-:Single Family Fannie MaeFreddre Mac UNIFORM 1 STR MENT Form 3890 1/01 Paget af2 (Seal) (Seal) Borrower -Borrower -Borrower er (Seal) er -Borrower da s9 b62 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Second Home Rider, WILLIAM R Seal) Borrower (Seal) Borrower (Seal) Borrower MULTISTATE SECOND HOME RIDER Single Family Fannie Mae /Freddie Mao UNIFORM INSTRUMENT Form 3890 1/01 Page 2 of 2 /`s DANA TTJINESS (Seal) Borrower (Seal) Borrower (Seal) Borrower DocMagic r bons www- docmagic. com