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HomeMy WebLinkAbout977958NORTHERN TITLE CO. PO BOX 856 'MAYNE, WY 83127 Rest To: u S p +ti' Home litg -c s.r.a.1 oc 7601 Pena lace S, Ste Al Eir F4 e1d, mg 55423 i?separedBy: Eris 4801 Exeaerica Sty et Owen_:boso, XX 42301 1 DFFSTI ION *S space Above This Lino For Rawrdimg Data) MORTGAGE 11111111111111111111111111111111111111111111111111111111111111111111111111111111 Words :zed in multiple sections of fans document are dented below and other words are defined in Sections 3, 11, 13, IS, 20 and 2L Grain rules regarding the usage of words ug this document are also provided in Section 16. (A) 'Security Instrument" mans this document which is dated oa /07/2014 together with all Rides to this document (8) 'Borrower" is Jason mofEnt. and, Brittany E Moffat, husband and wi£o Borrow& is the mortgagor trader this Se e zity Instnnmeat (C) ^Leader ^is U.S_ Soak ht. Lender isa National Association organized and existing under the laws of The IDnited States O£ gmexi.ca, Lender's address is 4801 xi.ca Strceet, Ow .azbo o, Le• 42301 L emdex is the mortgagee under this Security Instrument WYOMING Smpb Fam3y -F,Mme o M addq Mac UNIFORM RL°TRUMc5? Wares *one gn dal Sambas 977958 8/12/2014 4:19 PM LINCOLN COUNTY FEES: $72.00 PAGE 1OF 21 BOOK: 837 PAGE: 673 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK 3051 a LSdoUc Raw 18. (A) "Note" -rvPns thepronissory notesignedbyBorrowe: mdda:ed08 /07/2014 The Note suit= ihatBoxrowek owes Lender Two Anndted Fi£ty o:..r 'rho' --nd six Hung -+eel and 00 /100t.b 3 Dollars (U.S. 5254,600 .00 plus interest Beam= bas i roc ised to pay this debt in regular Periodic P ymcn= and to pay the debt u,1 felt not later than Septa er 01, 2044 "Property" means the property that is described blow under the heading "Transfer of Rights in the P. openp_" (F) "Loan" marts the debt evidenced by the Note, plus intwest, any prepayment charges and late charges due under the Note, and all smms due under this Security Th anent, plus interest (G) 'Riders" means all Riders to this Security Inter mea3t that are executed by Borrower. The following Riders are to exeared by Borrower [check box as applicable]: Adjustable Rate Rides M Condominium Rider Q Second ]'tome Rider Balloon hider Planned Unit 1) eveiopme t Ride: Ei 1-4 Family Rider El vARider 1133iweeklyPa Bider LI Other(s) [SPecifYI (13) applicable Law" means all doutroIling applimble federal, stwte and kcal statutes, regulations, ordinances and adnidstradve rules and orders (that have the effect of law) as well as all applicable Real, non -appealable pcclable judicial opinions. (l) "Community Association Dues, Rocs, and Assasmentx" :scars all rheas, fees, its and other cbz ors that are imposed on Botmwe: or the Property by a eondominitnn association, homeowners association or 4 organisation. (3) Mertronic Funds Transfer" means any nxusfer of funds, other tbaa a transaction origi )2I l by cheek, draft, or Ur paper iattnanent, which is inidateel through an electronic terminal, telephonic haser=ent, computer, or magnetic tape so as to order, mama or authoriax a financial institution to debit or eredit an ac otmt. Soda term includes, but is not limited to, point -of -sale transfers, automated teller m transactions, transfers initiated by telephone, wire L^anafers, and automated clearinghouse t'attsfers. "Escrow Items" meant those items that are described ibed in Section 3. (L) "N:isegi+neous Proceeds" means any compensation, verlemcat, award of damages, oo proceeds paid by any third party (other than insurance proceeds paid Under the coverages described in Section 5) for (i) damage to, or destrtu on of, the property; (u condemnation or or raking of all or any part of the Propers; (iii) conveyance in lieu of condcaniatim or (iv) m representations of or on3issions as to, the value and/or condition of the Property. (?d) 'Mortgage Insurance" means insurance protect• g Lander against the nonpayment 4 or default on the Loan.. (N) "Periodic Payment" means the regularly scheduler' amount dare for (i) principal and interest tinder the Note, plus (ii) any a pormts under Section 3 of this Scrwuity lnst- unmet. (0) 'R:ESPA" rears the Real Es= Settlement Proccdterrs Act (12 U SC. Section 2601 as seq and its implementing regulation, Regulation X (12 C.F.R- Part 1024), as they might be ammded from time to font or any additional or successor legislation or regulation that goverrs the same subject mattes As used in this Socvrity Instnnnrrit, "RESPA" refers to all regnfemeats and, that are imposed in regard to a fedeally related mortgage loan" even' if the Loan does not qualify as a "federally related mortgage loan" under RESPA. YONI NG 'Wrote Fe"Oy Fannie Alm e UNIFORM INSTRUMENT Farm 3St M' 1x01 VMPc0 ANT) r12023 Wok= Kluwer F"eacirl Services Ldddx a'e2010 (P) "Successor in Xutu'est of Borrower" means any party that has taken title to the 1 repoty, when= or not that party has assumed Torower's obligations coder the Note and/or this Security Insonment. TRANS: hit OF RIGHTS II∎I Tl PROPERTY This S e e u r i t y I n s m a n e n t seeks to L e n d e r r t h e r e p a y m e n t oftbe X cat., and all xcaer+als, C:1/4^nensions and modifications of the Not and (ii) the pe:foaaance of Borrower's covets and amts under this S cndty Izcmuaoeut and the Noe. For Ibis pzttpose. Borrower does hereby mortgage, grzat and convey to Lender and Leader's successors and assgns, with power of sale, the following described property located iu the County of Lincoln crypt a Rt=0:E2a 3=isdittioa) [N�c of REcorairig Inds ict on) ALL OR XAx 3 OL„" S^..t" CIC ITO.Z SFELOSV'XSXOxt, LINCOLN COb*TT1, trZO G, ACCORDING TO •TSe OFFICIAL NAP ANA pram =mom. RIMED AraRC(S't 20, 1990 AS DST NO. 721994 Mg 7 OFF' =CE Or 'zisz =NCO= COMITY CEZR1 rfriS IS ,A CONS CTloiif SECURITY INSTRDNENT Parcel ID Nuxabc c 12-- 3418- 17-2 -00- 218 _00 which c=rextly /in the add= of 1278 County' Road 120 [Strut) yAe [City", Wyoming 83127 (Zip Code] ("Property Address TOCEFEER. WIfa all the improvements now or hercafcr crested on the property, and all easemcrits, appurtenances, and ixttaes now or hereafter a pzet 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 last as the "Property." BORROWER. COVENANTS that Borrowers lawfully of the rs hereby conveyed and liar the right to mortgage, gaa and convey the Property and that the Property is imeucuuibered, except for encumbrances of record Boaowe warrants and will defend generally the t'tle to the Property against all claims and demands, subject to any encumbrances ofrecerd_ TTITS SECURITY XNSTR.YM Q'T combines unifomt covenants for national use and non- tmifonn coves with limited variations by jurisdiction. to constitute a uniform. secxi±y instnnnent covering x l Property WYOMMING Sng FaNy w 6MAW' Redd. Mac UNIFORM ItZ AVM t ��j^y!',/ F�am NAPO Waltzes I* Iwo rvnmdal 5vvfis Litkex "'Paaa of 98 UNIFO^+M COVENANTS. Bonrowea grad Lend= covenant and agee as follows 1. Payment of Principal, inntcrest, Escrow Xtems, Prepaysncnct Charges, and Late Charges. Borrower shall pay whey due the, prin cctpai o and interest on, the debt evidenced by tie Note and any prepayment charges and fare charges due ender the Note. Borrower 03111 also pay fonds for Escrow items pursuant to Section 3. Payments due Hader the Note and this Su.nrity Irstroment shall be made in US. eurrmey. Howeve if nay check 'or other instrurocot reeervt3 by Lanier w pzymmt under the Note or this SeaMty Instalment is returned to Leader t apt id, Leader may require that any or all subsequent payments due snider the Note grid this Security Instrument be made in one or more of the' following forms, as sale ed by Leader: (a) cash: (b) money order, (c) wed check, bank check, treasurer's check or c't it's check, provided any such check is drawn vpon an institution whose deposits are insured by a federal 2g ey, instrumentality, or entity, or Electrons. Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as maybe designated by Lender in ecordaece with the notice provisions in Section 15_ Leader may rest= any payment or partial payment if the payment or partial payments are insufficient to bring the Loan cethnr. Lender may aceTt pmt or partial payment inalft;ramt to bring the Loan current, without waiver of airy rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future,. but Leader is not obligated to apply such payments at the time soar payments e accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pry into st on =applied funds. Lender any hold such unappfied finds mm'1 Borrower makes payment to hying the Um =tat If Borrower does not do so within a reasonable period of time, Leader Oh,11 either apply such fiords or rearm them to Borrower. If not applied earlier-,, such fends will be applied to the outstanding principal balance under the Note irnu rdbt prior to fonxiosime, No offset or claim which aorrower might have now or in the future ngaiost Lender shall relieve Borrow= from soaking payments the tinder the Note aad'tbis Security Instrument or perfota ling the covenants and agreements secured by this Security insumne tit 2. Application of Payments or Proceeds. Except as otherwise des"bed in this Section 2, all payments accepted and applied by Lender shall be applied in the following, order of priority: (a) interest dhc under the Note (b) principal due under the Note; (c) =owns due under Sec 3. Such payments shall be applied to each Periodic payment in the order in which it became due. Any remaining amounts mall be applied first to late charges, second to any other amounts due under this Security Instrument, and rhea to reduce the principal balanrr of the Note. If Lr rle- receives a payment from Borrower for a dcIiuclucot Periodic Payment which iecludes a sufficient amotmt to pay any late r3sarge doe, the payment may be applied to the delineuent payment and the lam charge. If more than one Pe~iodic Payment is outstanding, Lender may apply eny payment received .pt's Borrower to the repayment of the Paiodie Payments i and to the extern that, each payment can be paid in full. To the extant that any excess mists after the payment is applied to the full payment of one or more Periodic Payments, sot excess may be applied to any ine charges due. Volunttay prepayments shall be applied first to aayprepxyment charges and then as described in the Note. Any application of payments, iemrance proceeds, or Iyilscellateous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the PeriodicPayzocvas. 3. Feuds for Escrow items. Borrower shall pay to Lender on the day Periodic Payments are at trader the Note, tm'dI the Note is paid in full, a sum (the "Funds") to provide for payment of a OIMIZ due for: (a) taxes and assessments and other its which can attain priority over this Seaaity Instrument as a vM OMDIO -Sock Family. NS7RUMBar 1 14—VX4 et Wolmta KW.vm ,Facial Serv:ue In4wFZ POGO4 M 10 lieu or encumbrance on the Property; (b) Imschold pzym is or grotmd rents on the Property, if ray; (e) premien= for any and zit .vazyx requred by Lender under Section 5; and (d) Mortgage Instnance premiums, if any, or any sums payable by Borrower to Lender is lieu of the payment of Mortfage Insurance prcrmmes in accordance 'with the provisions of Section 10. These items are railed "Escrow Items." .Ar origination or at any time dating the term of the Loan, Lender m�-yy reclaim that Comwmmity Association Auer, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shad be an Esmow Item. Borrow= chill prproptly fiwnish to Lender all notices of amotmtc to be paid wader this Section. Borrower Oval pay ceder the P m h for Escrow Iteres runless Leader waives Borrowees obligation to pay the Finds for any or all Escrow hems Lender may waive Borrower's obligation to pay to Lender Funds for any or all EserOw It at any time. Any such waiver may only be in writing Ta the evert of such waive, Borrower shall pay directly, when and when payable, the amounts doe for any Escrow Items for which paymen. oft hods has been waived by Lend= and, if Leader ruses, shalt furni ti t to Lend= receipts evidencing such payment within such time period as Leader may require Borrower's obligation to make sorb payments and to provide receipts shalt for w pupas= be deemed to be a covenant and agreeraers contained in this Security Instrument as the phase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower faits to pay the amount due for an Escrow Iten Lender may exercise its rights >nder Section 9 and pay snob amount 'and Borrower ctiali then be obligated under Section 9 to repay to Leader any such =trot. Leader may revoke the waiver as to any or ail Escrow Items at any time by a notice given in accordance with Send= 15 and, upon such revocation, Borrower shall pay to Lender all Feeds, and is such amounts, that are then required ired tend= this Section 3. Lender may, at any time, collect aadhotd hinds in an =moot (a) sufficient to p=mdt Lender to apply the Trer7c at the time specified under RESPA, and (b) not to exceed the maximum a>±totmt a lender can require tinder RESPA. Leader shall estimate the atnonot of Fonds due on the basis of =rent dam and reasonable estimates of expendittnes of feture Escrow Items or oth=wise in accordance whit Applicable Law The Funds s all be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (inducing Lender, if Lender is an instiuxtion whose deposits are so insured) or in any Federal Flame Loan Bank Lender shall apply the Funds to pay the Escrow Items no later than the time specified tder RESPA. L nder shall not charge Borrower for holding and applying the Funds, annually analyzing the am account, or verifying the Escrow Items, unless Leader pays Borrower interest on the Funds and Applicable Law permits Leader to make such a charge_ Unless an age:meat is made in writing or Applicable Law requires interest to be paid on the hlmds, Lender shall not be required to pay Borrow= any interest or earnings on the Fends. Borrower and Lender can agree in writing, boweve, that iotaest shall be paid on time Fonds. Lender shall give to Borrower, without chgc, an vnmeat accounting of the Funds as rcqurrred by RESPA. If there is a sec-plus of Funds held in escrow, as defined ender RESPA, Lender cha11 aecour to Borrower for the access fends in accordzucc with RESPA. If there is a shortage of Fiends held is escrow, zs defined under RESPA, Lender churl notify Borrower as required by RESPA, and Borrower shall pay to Leader the amount necessary: to make up the shortage n accordance with RESPA, but in no more than 12 monthly payments If there is a deficiency of Ileitis held in escrow. as defined end= RES`PA Leader than notify Boaruwc.. as required red by RESPA, and Borrower shall pay to Leader the automat necessa<y to make m the deficiency in accordzce with. RESPA, but in no more than 12 monthly payments- ttpoar payment in full of all sums secured by this Scarcity Tnseument, Lender shall la aimpdy refund to Borrower any Funds held by Leader. WYOMING Ze ck Finay_ rao4eMcNr roelde UNIFORM INSTRUME fie^ r 305 /01 WAR (TS r+veca Services M er 5 ,oQn w >'npe f 16 4. Charges; Liens. Borrower sball pay 211 taxes, assessments, charges, flees, had impv:.iL ors aarbrrable to the Property which car attain priority over this Security Insturttant, leasehold payments or grroand tents on the Property, if arty, 2nd Community Association lh>es, Fees, and the aetertt that these items are Escrow Asrarm�s, Section To Tr. �*+c, Borrower soaII pay them in t he urwner provided in Section 3. Borrower Shall promptly c1 —baize my lien which has priority over this Security lastrommea t unless Borrower: (a) agrees in writing to the payment of the obligation seared by the lien in a manner acceptable to Leader, but only so long as Borrower is p- fmrming such meat; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Leader's opinion operne to prevent the enforcement of the lien wiu1e those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agree eat satisfactory to Leader' sabordin ng the liehto this Se itylnst oment. In:an derdeterminesthatanype ;to£tbelzapectyissubject to a &t w& can attain priority over this Security Instrument, Lend= may give Borrower a notice identifying the lien. Within 10 days of the date oar which that notice is given, Borrower shall satisfy the lien or take one or more oftbe 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 repect rig service Usedby Leader m connection with the Loan. 5. Property Insurance. Bexrowea shall keep the improvements now existing or homer erected on the Property insured against loss by Ere, hazards included within the teem "extended coverage," and any other hazards including, but not limited to, eruthtltrakes axed floods, for which Lender =quiz' es insurance. Ibis insurance shall be maintained in the amounts ('including deductible levels) had for the pe iods that Condor requires. What Lender•requires pursuant to the preced ng sentences can change curing the term of the Loan_ The insurance carrier providing the ins,uTMna chart be chosen by Borrower subject to Lender's right to disapprove Borrows choice, which right shall not be exercised unreasonably. Lender may require Bo: cower to pay, in connection with this Loan, either- (a) a one-time -1.otrze for flood rave determination, cation and trading services; or (b) a one-time charge for good zone determination and certification swear and subsequent cbarges each time rcrnappings or vi•nirar changes occur which reasonably might affect such detemra aion or c fieaion- Borrower chart also be responable for the payment of any fees imposed by the Federal Emergency Management Agency in connection whit tae review of any flood zone detezminatioa resoltiog from an objection by Borrower_ If Borrower fails to maintain any of the coverages described above, Lender may obtain inswaace coverage, at Lender's option and Borrower's expense._ Lender is under no obligation to pm-chase any pmticvlar type or amount of coverage. Thccd^bre, such coverage shall cover X.eode but might or might not protect Borrower, Borrower's equity is the Propery, or the contents of the Property, against any risk lizard or liability and night provide rrr• or lesser coverage than was previously in effect Borrower acknowledges that the cost of the insurance coverage so obtainal might significantly exceed the cost of insurer= that Box have obtained: Any amounts disbursed by Lander under this Sou S shall berme additional debt of Borrower seared by this Security Instrument. These anotmts shall be= into r at the Note rate from the dare of disbursement nt and chart be payable, with such interest npoa nod= from Lender to Borrower requesting payment. AIL insurance policies regnired. by Leader and renewals of sack policies shall be subject to Lender's zighr to disapprove such policies, shall inc'lydr a standard mortgage clause, and shall name Leader as mortgagee and/or as an additional Ioss payee. Lender churl have the right to hold the policies and renewal certifir-Pres. If Lender requires, Borrower shall promptly give to Leader alt receipts of paid prcnritteis and renewal notices. If Borrower obtain any fame. of insurance coverage; not othcrwis e required by Lender, WYOMING -nn o -Verne Meel'.tedae Mac UNlFOPM NS RUMFA2^OT6468Ci24 °i1r. Fdm 305Vllm1 Wafters lemm d ISewm o iris L �d rPeP Mop Pape pee :6 fax damage to, or deZuction of, the Property, such policy shall include a 7dard mortgage clause and Sha11 nmae Lender as mortgages; and/or as as additional loss payee. In the event of loss, Borrower shall give prompt notice to the ionn ice metier and Lender. Lender may melee proof of loss if not made promptly by Borcowcr. Unless Leader acid Borrower otherwise agree in writing, any insm proceeds, whether or not the rmderlying rosin ne was refired by Lender, shall be applied to restoration or repair of the I\vperty, if the restoration or repair is economically feasible and Lender' s serenity is not lessened. Dining such repair and restoration period, Lander shall have the right to hold such insurance proceeds %rani Lender has had an oppordmity to inspect such Property to ensure the work ha been completed to Lcnd's satisfaction, provided that such inspection 0.41 be undertaken promptly. Leander may disbsxse 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 shatl not be required to pay Borrower may inter or earnings on such proceeds. Fees for poblio adjusters, or other third parties, retained by Borrower tha11 not be paid out of the insurance proceeds and shall be the sole obli Con of Borrower. If the restoration or repair is not economically £easrble or Lender's sear±ty would be lessened, the msunanee proceeds s'4211 be applied to the sums seeined by this Serenity Instrument, whether or not rhea due, with the excess, if any, paid to Borrower. Such insurance proceeds 01211 be applied ict the order provided for in. Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available ice claim and related =teas. If Borrower does not respond within 30 days to a notice from Leader that the insu mnce easier has offered to settle a. claim, then Leader may negotiate and settle the claim. The 30-day period will be when the notice is given. in either event, or if Lender ay/times 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 aunotmis unpaid under the Note or this Security Jnstrra ent, and (b) any other of Bouowe:'s ri (other than the right to any refund of umemnod premiums paid by Borrower) under all insurance policies covering the Property, insofar as each rights arc applicable to the coverage of he Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Secosity Instrument whether or not then due: 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal reside= within 60 days after the execution of this Secaity In. str =neat and shall =urine= to occupy the Property as Borrower's principal xesideace for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent iha1l not be =reasonably whi held, or unless extenuating cir-umstances exist which. are beyond Borrower' s control 7. Preservation, Maintenance 'and Protecdof of the Property; Inspections- Borrower shall not destroy, ra,rage 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 coder to prevent t$o Property from deteriorating or dig in value due to its condition. Unless it is determined pursuant to Sec ion 5 that repair or restoration is not ex comically feeble, Borrower chili promptly repair the Property if damaged to avoid further dete iorztion or eim -esge- If insurance or condemnation proceeds axe paid in connection with dam.' a to, or the taking of; the Property, Borrower chaff be responsible for repairing or restoring the Property only if I eerie- has rdcased proceeds for seeh pm Lender may disburse proceeds for the repairs and restoration in a single payment =ha a series of progress paymcnts's as the work is completed_ If the insurance or condenmarion proceeds are not sufficient D VENN VIMP(yl S- MAO. Fsri Fannie MNI/Fredd ee e M UNIFORM INSTRUMM2064ee849 tam nYY1 fJ3D�7 Wplcem Anwar r+nende[ Services 1144211E Pp. 7 d 18 to repair or =store the Property Borrow= is not rnlievcd of Borrowers obligation for the completion of such repafr or restoron. 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 tae improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior hispection specifying such reasonable cause. S. Borrower's Loam Application. Borrower shall be is default drniaag the Loan application process, Borrower or any persons or elides acting at the direction of Borrower or with Borrower s lmowledge or coaseut gave matcxiaUy false, misleading, or inaccurate information or statements to Lender (or filed to provide Leader with. material bafoumatlon) in oo on .with the Loan Mareial representations include, bet are not limited to representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9_ Protection of Leader's Interest in the Prropetty and knights Under this Security Imslranrcnt If (a) Borrower fags to perform the covenants and agreements contained in this Scanty Instrument, (b) there is a legal proceeding that might sic' i catty affect Lender's iota= in the Property and/or ruts under this Seemity Instrument (such as a procaedmg in bankruptcy, probate, for won or forfeiter; for enforcement of a lien which may Mahar priority over this Seen city 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 imrrest in the Property and rights under this Security Instrument, inctndmg protecting and/or assessing the value of the Property, and securing and/or rcpahing the Property. Leader's actions can include, but ace not limited to: (a) paying any sins secured by a lion which bas priority over this Secuity Instument; (b) appzn gin :evert; and (c) paying reasonable attorneys' fns to protect its interest in. the Property and/or rights Hader this Security Insrru ma t, mdnd mg its sired position in a banicr ptey proceeding. Searing the Property includes, bat is not limited to entering the Property to make repairs, change loam, replace or board up doors and windows, drain ware; from pipes, eliminate building or other code violations or dangerous conditions, and have utilities timed on or off Although Lender may take action ender this Section 9, Lender does riot 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 Leader under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Islote rate from the dare of disbcrscmcnt and shall be payable, with sacra interest, upon. notice from Lender to Borrower requesting Payment If this Security Instrument is on a leasehold, Borrower 16311 comply with all the provisions of the lease. If Borrower acquires fee title to the property, the leasehold and the foe title shall not merge unless Lender agnaes to the merger isle writing. 10. 11 forage Insurance. If Lencla required Mortgage Tisseanr a as a condition of making the Loan, Borrower cb1a11 pay the premiums =geed to maw the Mortgage Insorance in effect If, for any reason, the Mortgage Insurance coverage remifred by Lender ceases to be available from the mortgage brsuter tent previoasky provided such insurance and Borrower was required to make separately designated payments toward the premi n s for Mortgage lase Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previonsly in effect, at a cost slim' tantiat y equivalent to the cost to Borrower of the Mortgage Insutance'preciously in effect, from an alternate WYOMING -S Korn 2y F, MeofFred to Nab UNIFORM IasnoJ 22-004Z0529 EIT 3D61 110: wot nIDw Fdw o1 So wn et._ �o��"������NN ,a o1110 mortgage insurer selected by Leader. If subs mially equivalcut Mort ?insurance coverage is not available, Borower 11 con: lane to pay to Lender the =mat of the separe y designated payrneats that weee due when the insurance coverage cessed. to be in affect Lends 'will accept, use and retain these payments as a tabu- refenda' ale Ions reserve is lien of Mortgage Insurance Such Ioss reserve shall, be non-refundable, notwithstanding the fact that the Lorca is ultimately paid in full, and Lea der shall not be required to pay Borrower any interest or earnings on such loss reserve_ Lender can no longer =wire loss reserve payments if Mortgage 1nsomece oovt~age (m the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender rozoires separately designated paymets towardtbc premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of Ong the Loan and Borrower was required to mile- separately designated payments toward the premiums for Mortgage Inswraace, Borrower shall pay the preeaie:es required to maintain. Mortgage Insurance in effect, or to provide a non- refundable loss reserve, =MI '.elder's requirement for More Insurance ends in accordance with any written ageccaent between Borrower and. Lender previdmg for such termination or until termination is requrircd by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest =the rate provided in the Note. Mortgage Iasn ace reimburses Lender (or airy entity that purchases the Note) for certain lasses it mayineerifBoaowecdoesnotrepaytbe Loan as agreed. Borrower is not a party to the Mortgage rnsnx Mortgage insurers evaluate their total risk oa all such insurance in force from time to time, and may enter into at eenheses with other parties that share or modify their risk, or reduce Losses. These agt'ectoeats are on terms and conditions that are satisfactory to the mortgage ins ter and the other party (or parties) to these a erneats. Those ag eel may require the mortgage insurer to make payments using any source of fends that the mortgage iostr= may have available (which may include funds obtained from Mwteege Insurance premiums). .As a result of these agreements, Lender, any purchaser of the Note, soothe insurer, any reinsures, arty other entity, or any affiliate of any of the foregoing, may reeeivc (directly or indirectly) amounts that derive from (or might he ohm-admixed as) a portion of Borower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insuzees risk, or reducing losses. If such a reement provides that an of 1i to of Lead= takes a share of the insurer' s risk in exchange for a share of the prezei nns paid to the insurer, the arrangement is often teaooed "captive relosara0eC." Firth= (a) Any such nrtirments will not affect the amounts that Borrower has agreed to pay for Mortpge Insurance, or any other terms of the Loan. Such. aggreenhcnts veal not increase the amount Borrower wi"II owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements well not affect the rights Borrower has if any with raped to the Mortgage Insurance under the T3onroowaers Protection Act of 1998 or any other law. These rights may inclucdethetight to receive certain diselosares, to request and obtain cancellation of the Mortgage Insurance, to have the Mort rnswrance terminated automaticOn and/or to receive a refund of any Moxtga ernsatranceprem ;nmsthatwerennearnedattbethne ofsnch cancellation or termination. 11. Assigareent of IVfuee11aneoas Proceeds; Forfeiture. All MrsceUa mono Proceeds are hereby assigned to and sball be paid to Lender. If the property is damaged, such Miscellaneous Proceeds shall be applied to xestaraaion or repair of the Property, if the restoration or repair is economically feasible and Lender's serarity is not lessened. During such =pair and restoration period, Leader shall belied= right to hold such MiiseeIlaneons Proceeds noel Lender bas bad an opporamity to inspect shah Property to ensure the work has been completed to Leader's satisfaction, provided tbat such inspection cl,att be undertaken promptly. Leader may pay for the WYOMING -sngie rat"3y. Ftvrie, MeedFrockte M, U i NI mle INSTRVMENT Woosehnuwer relanc el SeMeoa. Tw se ip PPPWyh et3Oah Lrittahc Pct. S of 18 repairs and restoration in a single disbursement or in a series of progress paymcmis as the work is completed. Unless an. agree neat is made in writI g or Applicable Law requires interest to be paid on snob Miscellaneous Proceeds, Lender shall not be required. to pay Borrower any interest or earnings on such Ivfiscellaneoas 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 shoos seared by this Security Instrument, whether or not then doe, with the careers, if any, paid to Borrower. Such Miscellaneous Proceeds ettatl be applied in the order provided for in Section2. In the event of a total talmig, .destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secaued by this Secuity Inshrnnennt, whether her or not then due, with the excess, if any, paid to Borrower. Iu the event of a partial taking, destruction, or loss in valve of the Property in which the far market value of the Property immediately before the partial taking, destruction, or loss in valve is equal to or greater than the mount of the sums secured by this Secmity Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Leader otherwise ap.v in 'writing, the manor secured by this Security Instalment shall be reduced by the amount of the /vEscellancous Proceeds amfltiplied by the following fraction: (a) the total amount of the sums seemed TrnmoriatP y before the partial taking, destruction, or loss in value divided by (b) the fain: market value of the Property immediately before the partial taking, destrucdon, or loss in-value. Any balance shall be paid to Borrow= in the event of a partial taking, destruction, or loss in value of the Property in; which, the fair market vain of the Property immediately before the partial taldnb, destruction, or loss in valve is less than the amount of the sums exceed immediately before the partial taring, destruction, or loss in valve, =less Borrower and Lender otherwise agree ixr writing, the Miscellaneous Proceeds eha1T be applied to the suns secured by this Security Immure= whether or not the scans 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 erotic a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Leedcr is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the 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 wholes Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in rt fault if any action or proceeding, wbe tier cavil or dal, is begun. that, in Ixode('s judgment, could result rim forfeit= of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can core such a. default and, if areeIeration has occurred, .reinstate as provided in Section 19, by causing the action or proc000dg to be dismissed with a ruling tbai in Lender's judgment, preludes forfeiture of the Property or other material imp irmeat of Lend& 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 is the Property are hereby assigned and matt be paid to Lender. All TvheMlSavPous Proceeds that are not applied to zestoza or repair of the Property naafi be applied in the order provided for in Section 2 12. Borrower Not Released; Foxbcmrance By Lender Not a Waiver. note nsian of the time for payment or modification of amor»tion oldie sews scoured by this Sehraity Instrument granted by Leander 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_ Leader shall not be required to commence proms against W'Op G -e lo'Fomay- Fm�io Moo/Frod o Me; UN FORM I etiiJM T Fwm 30641101 We s Kluwer rmaorot Sa+fiue 4Ltints"'� VV yrr P 0 0116 any Successor in Intro —est of Borrower or to refuse to extend time for payment or oth=wise modify amortization of Sue stnvs seared by this Serenity t stamens by reason of any deemed made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercisong any right or remedy including; wirhoat limitation, Isrodrts acceptance of payments from third pe:soas, entities or Successors in Interest of Borrower or n amorous less than tine =omit then due, shall not be a waiver of or preclude the exercise of any right or reatedy. 13. Joint and Several LSabIiltp; Co- siger's Successors and Assigns Botm& Borrower covenants and agrees that Borrower's obligations and liability 'ball be joint and several. However, any Borrower who co -signs this Security bastrumterx but does not execute the Note (a "co-signer"): (a) is co-sigoiag this Security Instrument only to mortgage, grant and convey the co- signer's intmmt in the Property under the terms of this Sectclry Inst: r (b) is not personally obligated to pay the sus secured by this Serenity Instratncnt; and (c) agrees that Lender and any other Borower can agree to tested, modify, forbear or make any accoxranodations with regard to the trams of this Security Insimmneat or the Note without the co-signeds consort Subject ao the provisions of Section 18, any Scccessor in Interest of Borrower who 9K111Y1Ps Borrower's obligations under this Serenity Instrument in writing, ands approved by Lender, shalt obtain all of Borrower's rights and benefits under this Serenity tndr axieu B orrower ohail not be released from Borrower' s obligations and liability trader this Security Inskpment Unless Leader agrees to such release in writing. The covenants and agreements of this Security Instatmeut sh-all bind (except as provided in Section 20) and benefit the successors and assigns of Leade<. 14. Loan Charges. Lender may charge Borrower fees for services performed in cormection. with Borrower's elPfantt for the purpose of protecting Leader's interest in the Property and rights under this ;enmity Instrument, including, but not limited to, attorneys' fees, property inspection and valuation feces In regard to any other foes, the absence of express authority in this Security Instrument to charge a specific fee to Borrower sbaU not be construed as aprehibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Serenity Instrument or by Applicable Law. If the Loan is subject to a law which sets waxirrann loan charges, and that law is fara]ly interpreted so that the interest or other loan charges collected or to be collected in couuection with the Loan exceed the permitted limits, thee: (a) any such loan charge shall be reduced by the amount necessary to reduce the dl2rge to the permitted limit; and (b) any wens already collected from Borrower which exceeded permitted limitswillberefunded to Borrower. lender Wray choose to make this refimd by reducing the principal owed under the Note or by making a direct payment to Borrower. If a retinal reduces principal, the reduction well be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge isprovidedfor under the ?Vote). Borrower' acceptance of any such refund made by direct payment to Sorrow val l constibnteawaiver ofanyright of action Borrower mica have arising out of such overcharge. 15. Notices. All notices given by Borrower or I rndP' is connection with this Security Instrument must be in writing_ Any notice to Borrower nt connection with this Secuuity bast-cane= sball be deemed to have been given to Borrower when mailed by fast class mail or whim actually delivered to Borrower's notice address if seat by other mean._ Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly =attires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Botrawer shall promptly notify Lender of Borrower's change of address. If Leader spectres a. procedure for re ortsng Borrower's =mem e vow VMP MWC -SLgk fee�y- Fa.vie MeyFredd.p Me UNIFORM I.VSSAUMfNr /1 e ylA Fort M 3051 1. Wolters e3.M'er Rnanciel Services nr 1 1 o 1 if change of address, then Borrower ehatE only report a change of address through tbm specified pros ednr e. There may be only one ded,rnted nod.= address under this Security lostramem at arty one time. Amy notic to Leader shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein =less Leader has designated another address by notice to Borrower_ Any notice in connection with this Security Instrument month not be deemed to have been given to Lender ma actually received by Lender. If any notice requited by this Security Instrument is also required render Applicable Law, the Applicable Law requirement will satisfy the co sponding requirement under this Security Instrument. 16. Governing Law; SeverabRilty; Rules of Construction_ This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Props -ty is locxmd. All rights and obligations contained m this Security Instrument are subject to any relnitements mad limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be sweat, but such silence shaTT 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 ct,aTI 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 ity Instrument; (a) wards of the masculine gender shall mean and include corresponcrrag neater words or words of the feminine gender; (b) words is the singular shall mean and include the plural and vim versa; and (c) the word may" gives sole discretion without any oblivion to tae any action_ 17, Borrower's Copy. Borrower shall be given one copy of the Note and of tbis Secsaty Irst anent 13. fifer of the ]Property or a Beneficial Interest in Borrovrex. .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 transferal in a bond for deed, contract for deed, imstallmeat sales contract or escrow agreement the imam of which is the trate= of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Tntettst in the P.wokerty is sold or tramsfened (or if Borrower is not a natural person. and a beneficial interest in Borrows is sold or transferred) without Lender's prior written consent, Lender may i tziuixc immrrliatr paymeet in full of all sums secured by this Seanity Instrum However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Leader shall give Borrower notice of acceleration_ The notice sb411 provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower roust pay all arms seared by this Security Instrument If Borrower fails to pay these sums prior to the expiration of this period, Leader may invoke any reoomcdics permitted by this Security Insnmscar witbAte father notice or demand eon Bo'reower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower mean certain conditions, Borrower snail have the right to have enforcement of this Security Instrument discontinued ax 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 Instrrmaert (b) such other period as Applicable Law might specify for the termination of Borrower's right to -1-instate; or (c) easy of a judgment =feting this Seemity Instrument Those conditions am that Borrower. (a) pays Leader all sums which then would be due tinder this Security Instrument and the Note as if no acceleration bad ocximsed; (b) cues any default of any other covenants or WY POr NG Zook Fun7y -Fenwe Moo/Fnodde Mac UNIFORM INSTRUMENT Welter, Kluwer Rw7cnr Serv:coa '/e'+�Mn9 12021 INtiMs Pam 12 Of 18 its: (c) pays all etperses incurred in erforelng this Security Insatt>mcat, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees inarcred for the purpose of protecting Lender's interest in the Property and rights made: this Setariity Instrument; and (d) takes such action as Lender may rcisohably require to assure that Lender's interest in the Property and rights coder this Security Testament, and Borrower's obligation to pay the sums secured by this Scarcity Instniment, char continua =changed: Lender may sere 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; (c) certified check, bank chards treasures' s check or cashier's cheek, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumental.ity or entity; or (el) Electronic Ponds Txansfm. Upon reirstateament by Borrower, this Security lnstrazed and obligations secured herby shalt remain folly effective as if no acceleration bad occurred. Howcve this right to =hostile sha11 not apply in be case of acceleration tinder Section 18. 20. Sale of Not Change of Loan. Servicer; Notice of G evanee. The Note or a partial interest in The Note (together with this Security Interment) can be sold one or more times without prior notice to Borrower. A sale might rustle in a change in the entity (k mown as the "Loan Service') that collects Periodic Payrncats due =dm. the Note and this Starchy Instrareeut and performs other mortgage loan servicing obligations trader the Note, this Security Instrument, and Applicable Law. There also might be one or more chants of the Loan Servicer =related to a sale of the Note. If there is a. change of the Loan Service, Borrower wnl be given written notice of the change wlrich will state the name and address of the new Loan. Service the ad&ess 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 othr than the purchaser -of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loa* Sctviccx or be transferred to a vnerres' r Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may comnte ere, 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 pursnaut to this Security TnstrTrocat or that alleges that the other party has breached any provision of or any duty owed by reason o>; this Security Instrument, uotd such Borrower or Lender has notified the other party (with such nodce even in compliance with the requirements of Section 15) of such alleged breach and afforded the other pasty hereto a reasonable period after the giving of satin notice to tyke corrective action. If Applicable Law provides a time period which most elapse before certain action cal be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opporemity to care given to Borrower pas= 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. 2L Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or haaardous substances, pollutants, or wastes by Enviroremernal Law and the following substances gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatfe solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Favizonmeatal Late" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or enviromnental protection; (c) "Environmental Clcanmp" includes any response action, remedial action, or removal action, as defined in Enviromuental Law; and (d) as "Envzrormmeutal Condition" mess aconditionthat can cause, contribute to, or otherwise trigger an Eavirouraental Cleanup. WYOMING .Single Rely Fenn% MeaIFroddo Mae UNIFORM NLSTAUTCENr Fapa 305'1 Water %irwer Fawrdoi sa c vima Iard& P is, eS Borrower stall not terse or peoandt tine present*, tae, spose], storage, or release of any Hazardous Slointakes, or *6neaten to rele se any Iimcardons Stiestaates, on or bathe Property. Borrower snail not do, or allow anyone else to do, anything affecting the Property (a) that is in violation of any Enviromaaeatal Law, (b) which creates an Errvironnacatal Condi or (c) which, due to the presenm, 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 Mies of Hazardous Substances that are generally recognized to be appropriate to normai residential is and to reafrrteeanee of the P r o p e r t y m d u o i n g b u t not l i m i t e d to b a a z a d o u s substances i s co ma products). Borrower shalt promptly give Leader written notice of (a) ray investigation, claim, demand, lawsuit or other action by any govet tad o• regulatory egency 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 Santa= which adversely affects the value of the Property. If Borrower learns, or is scoffed by any governmental or regulatoxy a>1tbority, or any private party, that any removal or other reme.dlation of any Reettolous Substance affecting the Property is necessary, Borrower shall promptly take ail necessary remedial actions in accordance with Environmental Law. Nothing herein sbaU create any obligation on Lender for an Environmental Cleanup. NON- tfNIFORM COVENANTS_ Borrower aced Leader tad= covenant aid 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 Seooxity Instru (brit not nor to acceleration under Section I8 unless A.pplirrable Law provides otherwise). The notice shall specify: (a) the riefsnt4 (b) the action required to care 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 cored; and (d) that fai u a to core the default on or before the date specified in the notice may resoXt in acceleration of the sums secured by this Socmrity Iastromaceut and sale of the Property_ The notice sbaf further inform Borrower of the r gb to reinstate after acceleration and the right to bring a court action to assert the non- esistente of a default or any other defense of Borrower to acceleration and sale. If the default is not cared on or before the date specified in the notice, Lender at its option may require imamate payment ire fall of all suns secured by this Security Tmstrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Yaw. Lender shall be entitled to collect all expenses marred in pursing 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 prison in possession of, the Property, if afferent, in accordance with Applicable Law. Lender shall eve notice of the sale to Borrower in the manner provided in Suction I5. Lender shall publish the notice of sale, and the Property shalt be sold in the manner prose ;bed 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, indnding, but not Broited to, reasonable attorneys' fees; (b) to all sinus secured by this Security Xnstrometat and (c) any excess to the person or persons le, a ly entitled to it. 23- Release. Upon payment of all sums seeaaedby this Security Instruct, Lender shall release this Seanity Xnstentent. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for W'ohaNa SrgbFwnl PamelaMxJrmelds row UNYORM IN5'AUt 29 C. rPo 36SI7NS We 7nnaor gnmci,tgoi✓.py -�M fW 080e 140118 releng this Security Instrument, but only if the fee is paid to a third party for =view rendered and the dearging of the fee is petted tmde; Applicable Law. 24.. Waivers. Borrower releases and waives all rights tinder and by virtue of the homestead exemption laws of Wyoming_ BY SIGNING 13& OW, Borrower accepts and agrees to the terms mad cove=rts contained in this Smarty Sustxu®ent and in any Rider exe=rted by Borrower acid recorded with it. Witness= aasoa a Moffat Brittany B >.Soffat (se21) Borrow= (Seal) -Barrow= (Se Borrow= Borrow= (Se2.1) -Borrow= Bant.wcr <S= (z Borrow= BoariviC woCaa Arm: FnMC1d Sorv:Caa MIealFteddo Mee UNif4AM 1NSTltdd VMP6 W t1 Q j/ rm-• Pepe 15 of 16 zoco toil ISOt Ole I$ OE Y4Od '4.L, iutiAtn Q sloe 1 Jew sai!dx3 mmoo dyy 1L6Z59 'oN 'wwo0 gelfl Jo MIS oilgnd ke;oN a3GANS Milf9 tur ;ss drt,roD max TEO =tnx eainm 9 G If180JINf1'°W �P °+JA°/+°.'Vv°4 'I 0 1 5 +5- 9WSYOMA LE8D'6P CII MINK ti coPie swre.e 10;eU 50 to0- '[912O CiEFXM uoTyersoss 'L• 'fl'54efl Auea s A ffoRvzrcre2.rouogernSgo tzoi lea, 411.10111 ./:\M N' }o iiep S Uj 'd Lc) }o ateiS 1 ;O fqunoo au; u! aw aao}aq pauwg}e o; worms pue paq iosgng I t zzsdxa uossm woo ayQ we;gopz 3 Erreqq.I.sa -sae 4e Y tzoser 6q no oar =sal paSpormompe sem paarnaz'0c b uo &no arras LOAN: 2200468529 ADJUSTABLE RATE RIDER (1'Year Treasuiy Index Rate Caps) THIS ADJUSTABLE. RATE RIDER is made this 07th day of Aug, 1st '01.4 and is incorporated into and shall be deemed to amend and supplement The Mortgage, Deed of Trust or Security Deed (the 'Seatriity Instrument) of the same date given by the undersigned (the "Borrower to secure Borrower's Adjustable Rate Note (the "Note) to U.S. Bank N.A. (the "Lender") of the same dale and covering the property descnhed in the Security lnshunent and located: 1278 f.otinty Road 120. Thayne. WY 83127 'Property Address] THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LOAM THE AMOUNT THE BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY. ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Seauhty Instrument, Borrower and Lender further covenant and agree as follows: A. INTEREST RATE AND MONTHLY PAYMENT CHANGES The Note provides for an initial interest rate of 3 750 The Note provides for changes In the interest rate and the monthly payments as follows 4. INTEREST RATEAND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate 1 wilt pay may change on the fr:st day of Pitithi.mhe 7091 and on that day every 12th_ month thereafter. Each .date on which my Interest rate could change is called a'Change Data'. (B) The Index Beginning with the fast Change Date, my interest rate will be based on an Index. The Index" is The weekly average yield on United Stales Treastay securities adjusted to a constant maturity of 1 year, as made available by the Federal Reserve Board. The most recent Index figure available as of the date45 days before each Change Date is called the 'Current Index'. tfthe Index i, no longer available, the Note Holder will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. 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Rau FIry Sa6ueu 3o w-ci a^>p.1333 (a) Ia USL Su.ra;ear6 aq aanau IIrM a}al }saaalu[ F UV 'sgluour ZL 6wyaoaad also; Sauced uaoq 2neq 1 lsasalln 40 e;zr eta u- Uu0 4) slu!od a5quaasad UUU6IU01) Iaue uml uegt emus Fq am 36uet4 el5u!s Fug uo pasaa o p as pese'anu! act soma In/Avow IsaalU! Fru tag2aragL uegl use! ao ue a ralrras6 aq lots TWA Giza a6uetIO oql Fed of pvrutbar we 09E8 1 alza psaaalu! eta saSuguo parouri uo sllurlT (0) pueurlxd Fltguow Ali 10 ;mown matt aglaq non uope!rnien 0 1 4110 lIra 0111 •sluatufted lend rV1Q4uelsgns u! eier Isom}! Mau m p plop Al¢nlew agi uo Iinl u! alga a6uzgO aql le aM I oo papoadxa tae 1 pgl 1ed1Upd piedun agf Fedas o; ;ueprjns eq morn log ;uaurded AM uow eqg jo lunar¢ eta au!urralap Mg. .IM aaploH aloN at1L Ana seuegOlxau at; sun eler Isaralu! Mau Aux aq Ilwt mows paPunos 'Malaq uogoas w PMels S1!ua!1 aqi of IoafgnS %SZG'0) Wind 35eluaorad au0 yo gig6!a-au0 }saint: atg o; uo!pppe s!tg;o ;Insaa ay; Punoa tratp. HM aaPl014 0 1 0 N egL 'rapul ;canna atg o}(% OIL G sw!od a6epuaurad MU 110SL pug 5u!ppe rCq ales Isaralu! mau Fw egelno!p 1!1M aaPPPH °N agl `ales a6ue43 tpea enla8 soButtiolo sroGeinaieo (0) BY SIGNING BELOW, Borrower accepts and agrees to the terns and covenants contained in this adjustable Rate Rider_ Jason A Moffat if all or any part of the Properly or any Intent in the Property is sold ortransferred (or if a Borrower is not a natural person and a beneficial Interest in Borrower is sold or transferred) without Lenders prior written consent, Lender may require irnmed'rate payment in frill of all sums secured by this Security Instrument However, this option strait not be exercised by Lender h such exercise is prohibited by Applicable Law Lender also shall not exercise this option M (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended 'transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lenders security will not be impaired by the loan assumption' and that the risk of a breach of any covenant oc agreement inthis Security Instrument is acceptable to Lender. To the extent permitted by Applcable Law, Lender may charge a reasonable fee as a comtlion to Lender's consent to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obbgates the transferee to keep all the promises and agreements .Trade in the Note and in this Security Instrument: Borrower will continue to be obligated underthe Note and this Security Instrument unless Lender releases Borrower in writing_ If Lender ex�ses the option to require immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shalt provide a period of not less than 3D days from the date the notice is given in accordance with Section 15withm which Borrower must pay all sums secured by this Security Instrument If Borrower fails to pay these sun= prior to the expiration of this period, Lander may invoke any rernedes permitted by this Security Instrument without further notice or demand on Borrowe Borrower (seal) Borrower (Seal) Borrower (Seal) Borrower USB2o1 ARM Ridor3223 2200468529 Revised 5f2005 y (/f 861Wfly E Moffat Bo (Seal) Borrower (Sect) Borrower (Seal) Borrower Page 3of3 SECOND ROME RIDER THIS SECOND HOME RIDER is made this 07th day of August:, 2014 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the 'Security Instrument") of the same date given by the undersigned (the "Borrower" whether there are one or more persons undersigned) to secure Borrowers Note to rLS.. Bank N.A.. (the "Lender of the same date and covering the Property described in the Security Enstrument.(the "Property"), which is located at: 1278 Comfy 1 oad 120, Thapne, AY 83127 [Property Address) In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that Sections 6 and 8 of the Security Instrument are deleted and are replaced by the following: 6. Occupancy_ Borrower shat! occupy, and shall only use, the Property as Borrower's second home. Borrower shall keep the Property available for Borrower's exclusive use and enjoyment at all times, and shalt not subject the Property to any timesharing or other shared ownership arrangement or to any rental pool or agreement that requires Borrower either to rent the Property or give a management firm or any other person any control over the occupancy or use of the Property. 3. 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, misreading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan_ Material representations intrude, but are not limned to, representations concerning Borrower's occupancy of the Property as Borrower's second home. .2200468529 D V365R IIAULI!STATE SECOND HOME RIDER Single Family Fannie Mae/Fred:5e Mac UNIFORM INSTRUMENT 3890 1/04 Page 1 of 2 Initials: .3658 {0811) VMP Mortgage Solutions, Inc. (800)521 -7291 n Z a5ed (L L80) 2i99E- w .Ofl. 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