HomeMy WebLinkAbout978099After Recording Retutn To:
'Bank of ah
2605 Wa.rahzngton Blvd.
13gdee1, Utah B4401
Lb'aai Number: 45140072.
ESpsCe.Abava.This Line Fpr Rd.G9tding Qatel.
MORTGAGE
1111W: 100086D 45140072 3 I 5 Pbono:' B88''46794377
DEF1[Nl1Ti'IS
'Words used in mnliipie sections of this rkocuuilent. aid denied: bolow'atid other iy.0 s. are tiegn ed in Sections 11,
,ii3,..15,- 2Qand21. Certain rtiles. r0ga tdi4 the. wage. of >.vardstsed.iri.thiadoeurnegt: e' also plioy.ided,an °Seeton1
"ueetleity Instmur eut ".Trieens this •doc!ririene, .wldch:is dated AUGUST :2•'! 2014 tageke
with .ai1 Riders to this dpcto ap at
hBoirrower is t'I1 Fit L, T. NOR,TQLf D CHELSEA :MORTON, QTIYIT ENA,NCY
Tarrawex is the .mortgai nr :tinder t'hie.Seetrity Iatststiment.
'CC) '!11g':tS is M6rtgaga'Etee!r ic.Reg1 ttatlan -:S stems; Ittc: MARS.is a separate eorptrradon that i5 wing
5c1e1y as a i ominee-I''r L:ekic r• d. Leiiiier' guotiessers fid assigns: ?ORS N the mortbt gee under tl s Seoor t
rzn uIt.. PS iS,:arga�i? and
eitUbg .undei die:laws :Of Delaware, .and has as address a telephone.ntrmbet.
-of .4. $a c.20 485d'I- 2OY26, tel. '(888). 61 ERS,-
"L,etsder" is I3 xik 'Pt iriraI7
Lentieit.is a tit ii barpdrg.E1.013._ org4intr.ed
d extstnlg wider the taws. of .'C. TAH r
L,enderts‘adtlr 5'is• 2..G05: Naahi,xt,guan EI vd Qgd °z, Utah 54.401
"I te".:ttzea'as' lr6.pro''iriissory.nOte:signed b .13orrowerand. elated :AUGUST 21 r 2 024
Tkte: dote.states.l•?'iat l7rsrrpwer owes Lelider "ONE 'rHU }RED TROU;S. IS TWO
HCINDR D :AO 0 01 a 0 D'ailazg .(U 8 191,. 2;0:0 0.0: plus- inteze;�t,
£3p ows.nas •prcrniised :ep, nty- #1iis .debt a regular Periodic Payments, and to :p± tlie, debt itt full •rat -later T han
S•EPT4D ER. :1., 0 44
*7) ",Property" means the escril ed'be1ow, under 601104E4 "Tiariefer of Iuglifs iti tlie•Prapdity;
'WY0.1v1ING Single Family- =Fatirife Nlae/F etIiile.Maa U iifi =0R.M 1118TRUMENT IVfER
'romp app a:fpT Page l.ofl4
978099 8/22/2014 12:40 PM
LINCOLN COUNTY FEES: $60.00 PAGE 1OF 17
BOOK: 838 PAGE: 285 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
11111111 111111 11 111111 1111111111 I I 1 111 11111 11111 11111 11111 11 I I 1 1111 1111
t3ac 11gglc 05?;3"
vn4f y,E(acrn gii,tom-
*(G). "Loae.means the defit evidenced by the Note, plus interest, any prepayment Chargesand I ate Charges due under
the Note, Ind all sums: due:under this Seourity Instrument, plus.interest.
(33D "Bidersu tnearts all Riders to this Security Instrtunentthatare executedby Borrower. The folloWing Riders.are
to be eXeented by Borrower [check box as applicable):
t: Adjustable, 'late trier
El 'Balloon Rider
0 14 paiiyRrdei
*Condominium Rider
*z.1 Planned unit tievelopment Rider
0 Biweekly Payment Rider
:sect-gui Home Rider
o Other(s) [specify]
(I) t means all applicable *federal., stare and local Statutes, tegulailans, ordinances and.
adninistrative rules .anti orders (that•have:the of law) wili.as fl appfloab a1 non judicial
opinions.
"ComMunity Association Dues, ree ud Amessmenie meow :411 dues, fees, assent:lents and other obarga
that ate lities on orregOer or the .Property by a :condi:RW assooi4iorl., honvoveners ass9 or similar
Otgailization.
(K) "Eleckniiiiic:Ifunds•Tintistrer" meang ally transfer of fund, other than i transaotion originated by cheek, draft,
or similar paper #istfurnent, which IS initiated through an 't lentronielerndual;OlegkonicingtruPlentr ir
Fnagneil:p.tnpe :scum to oidef,•instrict,.:Or hotlibrine.a financial inttittiiion to debit Or oredit art count SuLh Dean
indlude4,. but is not Iimited ka,...politt automated teller.machine.transactiOnS,.U`ansfers initiatecf..*
telephone,.Wire traafers, and anti:mated clearinghouse trandfees.
ng,scrow Teals 'those ten that are de&cibet rn Section 3,
Otip Iiiismilaneou,51?z.ocei means any .oprnpensation,. s6t4enaertt,.award.of damages, or ptoededs.paid. b.); an
thfrd party (other lharr pailuncier the coverages cleSeribeci in Section 5) for (i):.dainage or
deatinetibirrif, theaProkty; cOndernaalion or other taking of all or any part qtha Prvorty.„. (M) dedveyanee ni
lieu of condeinnatiOn; or (ill ttisi*resentations of, i Alt as to l' cOu.dition. oft he
"Iiilortgege.Insurance 117.'0i:tot1ng Lendr :against.the no of,..or 'default On,'gre Loan
(91 "i?'0.1aille deans'the scheduled arnouni.dne for principal and intermOnder the Note,
i*Is. 8ny. agionra ndx Section 1 Of thia.Sectiiii
(31?) ga$ means the Real Estate SetAement At (12 U.S.C. §2601 aiid It inVienielltftig
regulation, RiigaticniX 1 129, 0 they.iniklitte ()Mended *din tune to tune or any additional :or
leilsiation or regilitionihat.govos the s ame uttiect inatter As lised in thus Sedaripy Instal:tont,
IRESpiA rekrs tg.all requirergents.and..rOintionstat ge in rlard to 'rederaily .felated mortgage load'
'Irgfilf Ole Lan does not qualify as a ifederally related mortgage lokr under RBSPA.
i 'StiCaSsor sn latere.g '4*g..01V-Wer". any Pant tigh4 c*IxtWp ether or
partyhas obligations:under. the.Noteand/ortilis Seq4rify rps:tcaniel0..
WMV11610 UNIPORM INSTRAIENT-r-MER
Fote3051'1 /D1 Pap 2'.of
b;4641ffigidratts:
PPN.VV4dc.Ing910,COiri.
5tiryjei,inuoza
TRANSFER OF RIGHTS IN THE PROPERTY
This Surity inattotnen. seoures .to Lender: the repayMent of. the Loan, and all renewals, extensions find
:Aiodificatiorts..of the Note; and (it) the performance of Borrowers obVenants and 'agreements 'undr this Security
'Instrument and the Note. For this. purpose, Borrower does horeby moitgage, .grant and convey to MERS (stflely as
nominee Leader and Lender.t.s snocessers and assigns) and to the successors and sign of MERS„.with,poioer of
sale; the following describecl•property located in the
COM'Y of 1;11VOact
[Type of Ream-dint Itirisiliotion) itsTan. 0M 1.1;110140A
LOTS 117 AND LL& OF STAR i1'1 „BANOS PAT 3 LINCOLN COUNTY',
WYOMING ESORII3FID ON THE OFFICIAL PLAT TREREOF
j.,35.:192
•which ctIrroitly Liam' th ddr6ssof 20 01
tsciectl.
STAR 'VALLEY RANCH
0127 ("Froperty'Address");
T .W,yoming
tqltY1 tziti to`dij
TOdElliER WITH n the: improvements now. -or hereafter erected: on. the property, and easeinents
lippinteriaudes, and fixtures :AO or' hereafter a art of the limpet* All replacements and additio� s. shall also be
.tovered-hy•thia'Secatitylustrtinient.. All of ibePregoing s refer in this &purity IliAti4.41* asItheropetty.!
.1300Wer iinderitiaids.and agrees:that MERS holds:Oily legal title0 thinterests.gramedby.Boryglxrer m this.SticuOy
Instrument, but,.thenessary to oxiviy .with law or dustbin, MER5.(as nominee fbnensier and Lender's successors.
and gsmipm)*tp the right ekereis6..mnyOr alE dihose ateresta; indlacling, hat net linfiteitto., the to. fOreoiose
and 01, the Property, and to take :Lender Winding !Ann& litaitedto, releasing and calr-eling*
4 2 isvgPmkritY.1. 1 1smellt.'
00.1ROW.Aft: COVENANTS That 3304bwei is lawfully seised of the eState-herehydonVeyed and has &e h&
to grant; eortyg the Pi and that:- the 'Fibperty iS tinenctiabered,. einept eneinntitanclif
rot*, Borrower watTants and:will:do*nd,generally 4i* fothehoPerty ..gainstall,olafrds and dentands,subjeet
to any enctunbrances..a.reeerd..
Thas.grict*ITtINVRIECENT cOntinalVaitixtP.Mem.0.0)11404a i
limited vralationS.bylnliScliction to constitute almfform security instruirient doyer.ing realmperty.
UNIFORM COVENANTS, ..BorroWer snit Lentlertbveltant and agree balbl
I..w putozItaig;:.Prepoiyota Chaige:q.,aticilim.Vhorgos. Bo/love
.pay v4ien dne..dlo. principal Of„.and bite:eat On, the debt' evidenced; by the Note imd.any_prepayment Charges :and late
chges 4 ur.idOS tit Note BOrr.OW'r 041 *0 Pe funds for Moro's:y16MS 'pursuant to Sebtion.a: Payments due.
under the and IlsiTamezt shall. be :made xn U S urency RoNirever.., if any oliddk dr Mid
.instrument xeoeived b3 Lender as payment under:the'Notetor,tbis oorni"0. s returned to Leer unPakl,,
UndetroayreqUireihnt ay or alt sitSecinent payment doe:under.the Not .an.d thia:See,inity Instrument be tiiatle xxt
One or it:Ore:aft folio:wing:form ss seleeted Lender: (a) cash, (D).nqoney pr4eq. (c) ceiti*cf:thieeki.balgt
earee4che ek' or tashier provided 4R...tgcla..ebeek..4.s upon an institutionwilose:.deposits.ge tsyred,
b,Y a federal ageney,.:Instrurnentality„ or entity; tfir'(d) Blear onio Ftmds Transfer..
.G Mge/Fr,d0eAtiac UNIFOEM 1NSTRUIVIENT MS
rft 1 ')5'•'.11/.01
10.narkying&plg
wtylmi.'epcirmalc:;.cm-4
1‘130•51.iiia.rt
Payments are deemed received by 'Lei when received.itthe,location.designited n theNote.:or aftuch other
lotati011 as may be designated by Lender in atcordance with the notic rvision n provisions Section 15; Lender may return
any payment or partialPayment if the pa.yrneut or partial paynamts are instliticient tobriq the Loan cUrrent. Lender
may :aCcept any p of partial payment inSufficiOat to 'bring the•e.an curre.nt, without waiver of alay righta-
hereunder. or prejudice to its rights tO refuse Sada pityrnotit. Or partial payitents in the fan/p '17,iut iff j8 not
obligated Mani*/ su4h payment s at the time such payments are 'accepted, If eg.oh Periodic Payment :is applied as of
Its scheduled due date, Then Lender need nefpayintereston iinapplied funds. Lender may held such:IA*4;0'mi funds
until Borrower makes payment te.brb the Loan f Bbrrwdoes riot do so within: reasonable peded of
thne, Lendet Shall either apply such lauds or return them to BorrOWer I t ot applied earlier, such funds will be
applied to ihe..outscanding principal. 'balance under the Note inupecliately.pri6r to forecIestire„ No offset or 'Warn
Which B Or tower Might have now or in :the future against tender sliall relieve EcuTower from rriakt;4 payments clue
under the Note arid this Seckity Instrintent or perop:dug te:covenants andagreerneuts secured by :this. Sectirity
Instrument;
Applieation i5f 'Payments or PrOceeds. Eircept a's 011aerwise described in this Section 2 ali PaYments
accepted and applied by Lender 1a11 Wappllecl 5rt the 'following traer.df priority: (a) interest. doe. under 4.1.e.NOte;
(b) principal due under (b)..aftitiunts dueunder &cton 2 2uth *payarents, Shall be applied to tack Periodic
Payment rntlie order in which it became dile. Any ieinaining omount s Sta applied first to late charges, second
to any ether amount's due under this.Security'Instmthent.; and ten to reduce the principal balance oft& ROte,
r tender receives:apayitea ftexei 13ertoWer for a. deIiritilietit Peribdie Payment which ..indindet.t sufficient
amount to pay .any late One d payment:n:4Y be applied to theclelinquerif payment end the fate...chat:get,
more tlian one Periodic' Payment 'is Outstanding, teatfer nay pp1y any payment received iloni BorroWer to the
iejia-yment.a Periodic. Paymetts. if ant to the'eY4ent..that,..padh payment pan 1?tl paid ip. fkxfl To teexterit.that
iuy:eicee' etist after the Nytnent is applied to .the tiIU pegien.t pf op.q or..raorg.Periodc Payments -stich. exces s May
,tie.pPlierd o 'any late' charges due. Voinntary •Sball'be.applied first to any prepaymenr,char ges aid ten
.as 'described in the Note.
Any vplfeAtign o paymems itisiaratici3 ptoceeda ni Mittellaneettt..Ptiteecis to 'pritteipal due loader the :Note,
.0.41114 extend or Postpone the the Oa*, or change the amount, of the Periodic.Paymenta..
Funds for :qscrw Toms, gmovief Shall:pay to 'Andel! Ott•the'dat Pgriodic;Payments. are ..dud under the,
Note, nuill.the .o paid in full, n aura (pie:TM triprOVide' payment f a:rridunts dne for (a) Wes and
'esseSstneuts and other iteMs wbh an AttAupAicifity over this Seettityinstetiftleitt as a:lien of encurribrance Ott the
PZ (b) le".4$0i •PaYinqPt0...)Dr OgoPareneq the th pieiniums forttuy and 01mi:trance
required .by Lendernxider Section.5.i and, (0)MortgageJasurance premium, anYi.or any antis yableby 13Orkiwer
to Leheir ht. Heil of die payment f lOngago;Inmance pr:enit.7304 acordioe. wit the Ortivisions 'of. Section .1)
Th Ose herds. are called "Escru.w Items At origination or at any time Caning the terra oftheLoau, '4ender may require
that COntlinnityMaOolatidd Dttes, fees, and Mgr,istffiefitg, i± tivoscrovir 3r-ffv?scPiYPr, 411cisach 41M.pfe0
.aMtliexits:011411 b n Eerow Item Borrower shall promptly.;euratilytqLencler.all mottos :tefleivid,
1,44e tiii$ etion cifower ehafl nay Lender' the ',Funds for Escrow 'Items nuioss waives BprroFg's
obligairOn to .pay the for any or Falb:it* Itera.. andermayvaive BorroWer's obligation to par to :tender
rtpillo..tOr anyT alTE scrow itcnip aliy I*. AnyitiChWalVer nwonly116iti wnIthig in the wiled Of atch
Potrawg shalt. pay direc4, .whep and where payablk.the months due.fer anyEktevritent for Whickpayritent.Or
Nrids has been waiv4d by Lender and if dearequiTO shsll I furrtisli M Under receipts &Oa:lacing sndh Payntent
Within mei:vat= peilodastendermayrequire. Ilorrowen:!.s. obligattosi ignAd4c61.10..y.dient, and .w pioi/feeieetiptS
'shall for all purposes be deamec o be a...coverant and agreement.eentained Intl* *purity InstruMent, .,s the Obtase-
wcovenan.t and agreement is used in, Section 9... IfBorwert ob pq"gscrowitern direct., pursuant: tb
o N'ir4ive,'fficl BoiroWer fnls to pay tild inpOflt aue fat att Escrow Item; rAmder.mayq.ereieelts,460
91■714 pay allot ainotint:and Bbirdi,14t shall Lhxi he 0:1igged under gestien. 9 .w o'j,endeF any such aingont..
ipisf9e revoke the :waiver as to any 'on all Escrow Items. at any .11ra 131 a. notice :given:.41 acpartianCe'vea 8,ectiotT.
.1$ Upon such revocation; Berfoivett stall paytto Lender sil Funds aiid ixi atchlaitounts tilem required
itude.rtis.Secfio4
Lender.rpay, st any time, .collect and,baldFunds in an (a) sufficient le permit Leridertt apply the Ponds
:at thtime speGifitil,tttilex IMS1?A,. and,(b) netto.o4ceect tli.entariritint0.0ttin'a.knidef rire tudet RESPA.
WY WI W 2a1rJe 'Friiily--Ratitiia.TyfzeP;-"rs. MAO UNIFOHN1 INSTRUMENT MER.S
'Form 3OU1 1/01 1?ag6.4 of 14
..b7504iPik eritihrit
www:dacinagic:com.
Lender shall estimate the amount of Funds doe on the basis ofeurrent data and reasonable estimates of expenditures
Of futare Escrow Iteiiis'or otherwise. in .accordauee With A.pplicatile
The Funds shall be held in an institution`whbse deposits are.insured by a federal agency instntrnentatity, or
entity (including Lender, if Lender •is• an institution.. whose deposits are so insured): cur in arty Federal Home Loan
'Bank. Lender shall apply the Fimds•to pa,y the Farrow.Items na later than the' nne.'specified tinder RBSPA, Lender
shall not oharge•arrowet for.holding and spplyirigthe F.11 tds,. annttaliy analyizirig the escrow account, or verifying
the Escrow .[teia3s, pleas Lenderpays.Sorrower interest On the Fizi.dss and Applicable Law permits Lender to make
such a Charge; .Unless aTi ag eement is made in writing Applicabie Law requires interest to be paid on the Funds,.
Lender shall not be required. to pay ~Borrower any interest oreaming5 on the.Funds. Borrower .and Lender can agree
in writing,. however, that interest shall be paid on the' Funds. Lender shall give to bortower,. without charge, an
annual aceaunting.of the Funds as required by RE,SPA,
u th is a surphis rif Funds held in escrow, -as deemed under I.JSFA, Lender. shat account to Borrawer'.for.
the ei i es5 funds in.aecordartce with RBSPA,. If there is a shortage of Funds held in escrow, es.defiinedunder RF$PA,..
Lender shall itotif•Borrower as regiiired by RESPA and Borrower shall pay to tender the amount necessary to make
up the shortage aceordance w{tl'c RBSPA.,. but in no more than• 12.m3 ntlily pal /meats: If there is a deficiency .of
Funds. held in.escrow, us defined imderR.ESPA, Letider.'Shall notify Borrower as•regiiir`ed by RESPA, and Borrower
sha1!••pay to tender the .amount n ecessary to ina1 e np the deftelene.y :iii.aecordance With RBSPA, bun ntno more tdan
12 inoutlily:payments.
L7ponpa ntmfidiof 5ecuied :bytais SecuzityIusirumen( ;Lender. yha11preriiptlytenndtoBorrower
any Funds held. by ,Lender..
q, Charges ;•Liens, 'Borrower shall pay all t es, assessments, charges, fines, turd impositions attributable to
the which, 'cats attain prbtnri1y liver this. Security, instrument, leasehold payments or ground rents on; the
'Propf=tty„ if airy,. atid: Cornmunity A.ssaciati ti dues, Fees, and .Assessinents, if atiy, To the extent, thatthese items
are Escrow Itei 4, Borrower shalt paST then: in. die'inanuer •proviciectin Section. Z.
Bo muter shall prenipfiiy disehaige•atiy liela tvhich.has prioritg ewer this See>trity Irist Lenient unless Ilorr'owei
(a) agrees. in writirrgtc the payment of the :obligation Seeured by the Iien.:fri a thont let acceptb1e.tti Letider,'1iut only.
:.so icing as, Borrower is performing. such agreeiriezit;: (b) contests. the lien in good faith. .by., or defends against
en/br meat.af the tier ti, .iegai proceedings. which in Lender's 'Opinion prate to:praveiiat the' enforcement o the lien
sylbP.a those proceedings are pending brut on'ly•wthl such. prpceedings.are•condltided; o'r. _(c) secures from the holder
of the, lien: :ten., agreeme_n:t satist"Ftc oiy to Lender.suboi <dhnating the lien'to-.ti..is :Security Instrument: If Lender.
:detert.unes.tltat. any part of the Propert is subject, to a liven which can attain.prierity hirer this Seatfrity Instisitueut,,
'Lenderinay, :give•Lorrower a riatice. idendfyiiig the :lien. Within 10 days or the on which. that notice ie hiven,
3oreJWv s &alt Satisfy. the lien ht tal e.one.ar• More of the actiorts• abG'v in .this Sectibn'4
Lender tray require Bortuwerto pay .a one-time charge for aresiestate ta yernleationandi.or reporting.seryiue
used by'I.end ri iu i ouiiectioaf with thisIoan.
Ppf)..pei'i '.Insiiraei inaprovenients now :eiusting or hereafter: erected on lir.
.Property insured.agp.Itst by fire, baza:d,v lncliuied within'the: terra "extended coverage," :and any- other' ha arise
.tticZ ic1mg,'but not I$rmted fo, earthquakes and floods, for which L nder'regtiire: ins irai tee, This insurance,ha31. be.
•mauitained'.in the amounts (includes deduatlbia.levels) :.and for •tha requires. Whit Lender
'requires pursuant V.tha:preeeding sentences can.charige during i'he teriri af.the Loan fir~ insurance cart ier provldiitg
the insurance.shall•be chose;~ byrBo_rrower subjectto Lettdei!s right to.disappzo ve $oiroiier's choice, ivliet li right snt}ll
notbr urrreaspliably. L ender may require B.arrewer to pay, m •cone tion Wttl thhis.:1. an, either: (a a tithe for flood zone :determination., certification and 0): a .one-,tfAne qilarge. for. tiood tend
.determination and Services and.stibse ueiit charges' each time. remappings:or si r :tar changes pccorwbieli
•reasiinabip rniglir affect Such. detertninSt:hil cif ceitificatidn: 3llorrc vur shall .a1s.p be res onsi 1e for t the payment of
Y tes`irnposed by, the Fiderai &ietgency anageunt nt Ageney in. copnebtion. itb the teview•iol•any toed :zone;
deterinbiation'r.'est)Iti from. an. objection by Borrower.
If)3orrower.f ails to ruai itaiu any of the .corverages'dess• tbed iboVe, a Lender.ma obtain'nsnralice at:
Le�.der;s'. i and .Boiruwer's eycpeiise. Lender is :iinc1Ct:' nb'iohlipgtion td purchase .any pgrtieiilar type ar amo.tizt'
of nnuAge,. :hei`ef'ore,.such coverage.sl3all.cover Lender, butrnigb or might: not Ii01 0W r`s'
'sanity iii fhe Property, of :the contents of the Property, egangt. ally risk;; :hazard az:liabil ry arid Xkug'kt prvvide.grester
WYQYa11NS- Singie•F2.1511;i-- Faiiniy M1abIFreddte Utb4F0RM I.NS:TRIiMa T MRS
.Form- 30E1 UV f a e..5 of 14-
.159cit+fegle Ur .tits
'wHVr ;ecaTAic coin~•
•Yy.`.v4i.T.*&14
or lesser coverage than was previously in effect. Borrower acialowledges that the cast of the insuranee coverage so
obtainednightsignincantly exceedthe cost of inshrancethat BorroWer could have obtained. Any:amounts disbursed
133r Leladernuder this Section 5 shall become additional debt of Borrower secured by this Security Instrument. .These
amounts.shall bear interest at t1ie .Noe rat c from the date of disbursement and Shall be payable, With such interest,
upon notice•rom tender ro.Borrowerrequesting pap
Ali insurance policies. requiredhy Lenderand renewals of such .policies shall be subject to' Lenders rigig to
disapprove subh polides, shall include standard mortgage dause, and shall name Lender as rriortgagee..andfor avan
additional low payee. 'Lender shall have the right to hold the police s and renewal certi#cates: If Lender requires,
'B si pronqty gi to:Lender alt receipts of paid premiums ari.renwa1 notices. 'If Borrower obtains any
f orm of la coverage, •:ni5t otherwise required. by Lender, for damage to or deitruction of the Property., such
policy Miall inchicie a standard mortgage clans nd Shall riarneLender .as mortgage .nd/or as an 'additional. loss
payee.
the.eVent of. loss, Borrower shall giVe'prompt notice to the inaurancecarrier and lAnder.. Lender may.make
proof of foss ifnot made pitiMpdy brfita ales& Lender atd.Borroi,ver .otherivise agree it Writing, any
insurance proceeds, whether or not the underlying insinande was required by Lender, .ShaLl be applied to.rtotatin
or repair nf the-Property, d the restoration tr..repait IS:economiCally foasb1e Eind Lenderla'seeurity is nalessened.
During such repair and restort4m.periOd, Lender Shah h4ve th xaght to hold auch.liWariarce proceeds mineer
has had an opportunity to inspect such Property to ensure. the work Asa been completed to I.,euderrs sitiafactiez,
prOvidesd that such inspettion Shall, b undertalien promptly. 1erzder. may disburse proceeds tor..''the and
%restoration in single payment Or in a series. of progesa a the work is completed.. ..Onless an agreement
is made in or applicable Law requires interest to- he paid on auth insurance proceocIS, Lender shall not be
required .n5 pay BOrroW.er any interest or ?timings titi:sach.proceeds.. Fees fer pubtio adjustere other
reiiiivd by Botiower shall:not be paid ont'Of the inotlianc6lardoetils-allti haI1 be th o10 015 gallon of Borrower:.
N the reStOratiOn cgt repair is econofnleally feasThle:or Lender 'Security would be les s.ened,. the fusurance.proceeds
shall be. applied fo the .4itos'sei:ured h3i this SentritYlustrunient,'Whether or nOt then dna, *int the:excess., if any,. paid
1 9:iqrT s owq. $tach 14s14s*e..Poc.'ee..4.s. an 1l be 'ripPlied..intlte'.order provided ft:Sr hi SUCtiOli 2.
If Eiprrow.er abandons the. Property,. Lender. maY'rld,.negotiate :and settle any ay.ailable indurate dairn and
related matters. if Borrower.does not 30 days to a nOiiee.frora Dipilerytbet. the iriitrratice
Offered to settle a claim, then "Len* may negotiate and settJ theo1.iuni The S(1.a
ghtet,.. Ia either j event, 01 fLndei -Acquires the Property under Seetism 22 or othrwie Bortoweetiei'eby
assigns to„Leirder Borrower's .rights M any tstgance proceeds in an amount not to exoeca the amounts unpaid
:under:the Note or this Se:darkylastrotent, .krid 04 any other4JPortOwer rights. (ether than the riglitto any refund
*.tif.nnearted.prebahnTis paisibYtoraiwer) under at'inauraticel.policies tlie Property., insofar eS.strehlighis
Are applicable'to of the PrOperty. Lender May Use theinstitauct:proeeeds either to repakot restore he
Property.orio-pay aroofMrs *paid under the blOte Oftlaii Intirtinient whethei tx blot then due:
Pectrpaney. .B.orr.owr s.hA OeFapy. svbIish, d use the Property Vs Borrower's pritthipal residence
Wit.hin 4. clay s eter.aleexecntion of thisSeCkiritylt,strunient and sna1 tontinuei6 Occupy the Preperry aaorrower c g
princip0 residence for atle-ast one ye g atteithe. dale ofccctptht.y nnlese Leadd'otattgseagreiSlilwriting„ WItich
:consent shall nofbeunreasonably.Withheld,, or unless Venn..ging Orciiinsfances est wbipa.are beyond Barroiter's
.0.ontrOt.
Preserval and .10ruteetion.of Cap Property, Insperiltions, l3orrovOr shall not destroy,
darriage.ortripaii te•Property, allow ille to: ot coma* waste onthe-Property. Whether pr poi
Borrower is residin iti the Property, Bdatwa- shall .maintath the.Pr in to prevent .thel?roperty:roin
tleieriOrating. or decreaSing v.aluedue to its condition. Unless it IS determined pnrsuant to. Section.5 thatsepair.or.
rqstoutail Linat torfownr shall promptly repair lhe.Property i dataaged to ooia farther:
deterioration on dtunage. inantan60 Oondentnatiotiproc*eeds.are Patio donne-alert With .darnage*Ottlie Eating
.0f4.140:?roperty, BOrrower shall be responsible for repairing or resfpririg; the.Propeity only if Lender has releated
proceeds:i such purposes. Lender dreburseproceeds the repairs and restoration in in
a.se40$.01-proges.37..ayzno410.0..s.theNvo*Is.gomPleted..Ifthe in.surance. Proceeds Art a. raft
V. repair or restore the'Prop.erty, Borower.is not relieved ofPorrowerts obligation for th..e completion oilndh repair:
restotatiOn,
ilta0FEedrlio M UNIFOBM INSTRUPlarr.:MERS
Form 3051 1101 Piy.e e
.11 44firp..- ar ionas
Lender orits agentmay make reaSonableentritatpon and inspections Of the Property. If ithavreasonable cauSe,
Lender I:aay Invcat he interior o'f theimprovernents on the Property: Leridet shin give Borrower notice at ibe tune
°tor prior Mauch an interior inspection. specifying such reasonable. cause..
a. B Loan Application; .Berrower shalt be iL &fat if, during the Loan application process,
'Borrower orally petaons or. entities acting.* the.directiott of Borrower or with Boribwer's 'coati/ledge or consent gave
Materially false etrtisladMg or inaccurate information or statemints t Lender *(ot 'failed to provide Lender with
material information in. connection With the Loan, :Material representations include, but are not limited to
representations .diterning 13orroweei occupancy ofthe Property as Borrower's principal residence,
.9. Proteettini Of Lender's. Irt*.test in the 'lisrope.rfy and Rights 11Tritler. this See4ity In4rument .ff (a)
Borrower fails to perfrionthe covenantS. agreements contained in this Secunty InStrIment, (6) 1 1?:ere-i? a legal
.proceeding thatMight 4gaiacittly affect Lencler'S interest in the.PRiperty and/Or rights under this •ecurityinstrernent
(such. as a proceeding in bankruptey, Vfabate; for .00ndemnation of forfeiture; fa r 'enibroernem. of Olen. which may
attainprirgity over this Se(Shrity Iripuniegt or to enforce laws o regulatiOns),.'ot (c) Borrower haS abandoned the
Property then Lender may do and Payfor Whate?er is"reasonable or aPpropriate.to protect Lenders interest in.the
Property.md rights under this Security Xnatrumenti *warm protecting aid/or assessing the of the Propertyi.
and securing and/or repairing. the PropertY.. Lender's actiona include, but are :not limited to (a):paying.anY'suiris
.secured by.a hen Which has priority over..this.gecurity instrument ,tbj appearing m Court; and (c) paying reasonable
attorneys' fees taprotect Its interest Lathe l Asd/or Aibts under this §ectukt Init:rument, includir g its scoured
posttGR in a pre('‘,eecling.. $.eouting the Property includes, but rot limited to, entering the Property to
'make repairs,•ehangelocks, replace or board ..4 dprs,and windows,. dr*a water from pipes, elimthate.buiWing Or
ether code violations or align:his contattons, and have utilities turned 011 or off. Aid:mud,: Lender may rilie action
tallies! ffas 9, Lender dOesnef nave to 1O-so antristet underany ditty or obligation to 4o It.isagreedthat
Leuder.incurs fici 'liability for ix:it-taking any:Or aU actitins authorized under this $ection,..
Any amounts diihoxsed. by Lendei tindefthis'SeCtiOn9 sliall.betoine•additional debt ot.Bortow.er secured by this
8cctr3ty TilsiTuannst, 'These arnountS.inali:hereinterelt at ate Note TAW.Itctia.the date Ot dishntsettient and.shail he
payable, with Such inierest upon notice.fron:a.,endet to:torio payntat
If this 9ecurit,y instrument is oa .a leasehold, Borrower 041 comply with all the provisions Of the leas B errOweraltall not surrender the l and interests ligein ObiiVeyed or terrainitett cancel therouiid
Barre:vier shall not without t xpress VTtte5 conseut 4Lender, *tenor ginned: Iase I Boridwer
acquifes.fee title to the ,Prisperty, theleasehold and thefee title shall not .nrerge unless Under .agrees 'to the merger
in writing.
I Mot toataximtaiiee: ntilacier required Mortgage insurance aSo conditfou of making the Loan, Borrower
iia11 pay the preraiihins required to Maintain the:MortOge Insurance in effect. If, for any reason, the. Mortgags
inwanc-c coverage required:by.. T...enderVeasd to be aVall able:front:the Mertgage.insurer that previcalaty provided such
'Imurapeolo.4 Borrower was ie■ to .:Make gepariftell desigtated payments: toward the premiums for
Incegance,33prxo.wer. pay the.preMinpis required to Obtain ifoverage substaigially, equiir.atOat tO thOMortgnq
losurapeapreviously n efihot,.. at a. opst.**443i equivaieiit to the cost to Bot:th),iiet of the Mortg4ge imr.a0e
previonity n diem, from an -alternate Inortgage insurer seleilliy Lender if subsfantially equivalent lVfortgage
Insurance cotierage„ISJio t available, ogrower shtillee.ntimle.to pay t.a:Lender the:ainount Of the Sepaiatety deggritted
Tnyiriettt that were due...whe4 the insotanee coyerage..ecasedto.be in effect. tpudei swept, use 0a retaiiitheie
payments as a non-refundable loss reserve in her ofivlortgagejnsurance.. .5nchlosa shall. belia.fi-refundible-
.notWithatanding the faCtthat the Loan is iittiinatelyptid info% ard Let nor be required to pay "BOrrOWr- 'AO
or e*illts.otsuch loss reserve: '.r.dricier:han nd longer *Om W8s..re$ery.4 pay rrta 11 Mortgage lig‘lratee
coverage the amount and for the that Lender requires) Provided y an insurer.seleo.tecl by tender again
hecorpeo- svazlable i o'btibe4,. and :Lender t 4 Separately &Agitated. 'payments towed .the. pregr_ihmas 'tot
-(0 9ndqr NP.r0:1CIOrNage Insurance as 1 Condition vf Lialdtg thci Loan t and Borrows was
repirecl.to. rnake-sepa.rately Oesi thepreininma for Mortgage InsuratiCe, Borrower.s'nafl pay
the premiums Tequire'ci. to InahitAloMorAgage Insuranc in effect, or to piovide a non-refandgble
Lender's t&tinirentlentfor l;lortgageInsuranceon4 witkapy wriOeii:perennaot.botweti 13briVwer thud
Lender p for Such termination or until terninationls.reguired 'hy•Applicablet.aw. *Nothing in this Seaton.
IP &kit' Bibrroiween ObtigatiOn to Interest at the:rate provided lii the Noie.
WYOMIN.G Mae/Fricl MoG UNIFORM MERS bocRiviaigs,mg
5orm.200 .P:age of ww.vi.orrn4Tcyrdm
'1VpiaiTunia
Mortgage Insurance reimburses Lender (or any entity that'purehases the Not for certain losses it may incur
itterrower does set iepa.y "the Loan as agreed. Ziorrovier is not aparty to the Mortgage.Insurance.
Mortgage insurers luate their tota1 risk on an such insurance in force from time to time, and may .enter into
agreements with °that that share Or modify their risk,.Ot reduce Iosset. These.agreentents an terms and
conditions that are satisfactory to the mortgage insurer .and the other (or parties) to thee agreements. Thete
agraementS may require theniortgage insurer to. make payments using arky source of funds' that the mortgage insurer
shay have available (which may include funds Obtained. from Mortgage InsUrante prerttiams).
As .a result sof thesse:agreemerits, Lender, any purchaser of the Note, another insurer, aby reingokor,:any Other
entity,* any any Qt the may receive (directly or ipaitectlY) amounts that derivetorn Cott:fight
be characterized as) aportion of Borrower's payments ..for Mortgage insurance, in ex chtage for .sharing ornlodifying
the mortga,ge insurer'S risk, areducing IcisSet. If such ifigreertrent prO'vicies that an affilide of .En lateS 4 share
of the insures risk M .e•tilisange'lCit a Sbareof the prerniumg paic1 to the insurer; the arrangement Often termed
'floaptive reinsurance.' Farther:
(a) 4e$ Pe4 agreemegts will it affect the 'amounts that Borro*er has agr to pay for Mortgage
Insurance, or any other terms of tile Luau. Such agreenients will not inereate dreinuouitit llorrower wrlI :owe
'for Mortgage' tusurance,..ang they will itpt entitle VoirdWersto any refund.
(b) Any sadh agreements Will it affect the rights liorrOwer has f any with rapt •tri tho Mortgage
insurance under the.gomeowners Protection Act, of 198 or aq other law; These rights may riend the right
t r c ertain ciisdo!skiro, to and Obtain.,..enneellatiOn of the Mortgage linairraliee, to MY::: the
Mertgageinsurande tertninnted autootatleally 414.0 to re.eelYe.ayeifund:ealiyivforigpke Trisiniatne preMinufs
that 'were unearned at the.tinie Oneeliation or termination..
11 Agn�e lifl‘diaoellatebusTrobeer F.orfeittre. All 14seelianeOuS..i'roCeeda are hereby assigned to
and Shall he paid to 1.:ender:
V the Property is damaged„'suph shall beapplied to re,storation.or repair of'diesProperty„
if the restoration:or ropaiT is econoinicaily. and 1.ender'S Seettrity is not lessened. During such repair psi'
Yettpratiou period, .tencier, shad have ci* ,eight to hold stidli Miseellanesous l?rOmetis. tntil Lender has had an
opportunity W. inspeet such Property to.ensure theWorls completed to Lender's 'satisfaction, provided tbat
ticla.intOotion shalt)* undertaken promptly. Lender maypay for the repairs std restoration Ina single disborsement
or in a •verielttprogtessoayrae.itt4 as th work is eompleted.... "thrieSs'.an agreeinedit made in writing or APplicable
Law requirds intereatto 1,e sPAld.01.1..sPall..MiseePatlePlIs Proce 4: Lenses tuit be required .to pay BOttower any
interest Or eating's on .such bsceilaneus Prooeeda If the re00 Or 4a11:
Lenders the kWeilanpons ."Froceets Shell be applied' to the stria Seeitredhylhis Sectirit3t
luStrunient tctether of nrit.then..dties, with.the'extess if..any, paid w gegover. Such 10CpI.J.0104 Proaeads shall
he applied in the provided for in.Section
In the event of a f9tPlf510e, c1estrtictjOn o t Los alw'tif the Prol-fertYf the kiscallancous:PrOpeeda sissti be
.appi.idd to the sums seenred'hy this ectriiVinstrinnent„ Whethet or tOf then dut, 7#1th. the :excess, if pad to
BsitTOWq.
Ili the evenr of a:partial t4klig, destru1xon or 10.8.S in vahte the Property in which' the .fair fneuket value of.
the Prep arty 'iminediately efOre.the liartiallakhig,.destroeflou,. Or loss hi value:is al to greater than the .amount
Of the stung Wilted tritithls$eagity-Mtranipat itrintectiiitely 'before the .partial tekird, destruEtioni or loss in wide,
un Borrower. and Lender Otherwiseagree in writing umreurely this geotiiit)f IrAtetperitsiiall
by tie amount of the Miseelianetas PrOgoeds rnn1ped by following .fractlimr (a) the:tottil.aMonnt Of.1.11e.aturia
seouid .httediately before the partial taking, tiestrOtion, or toss infalue-diyideci by (h) the rieFkeVvalue the
Propertylmmediatly:before the partial taking, destrUction, or lots vdue. Any balance be .r) to Boxtccki
the event: ci• paittiA talthipb destruction or loss: in vaine ef Ilia Property w'bi the fa 10044 v4ite
the Property Immodi4elybeferdthe paiciat•taidng, destruetion,;;Or loss n valtie a less. than te voolint r)ti#:
.Sacaxe.a immediately hefOre.the partial :44* destruetion1 or logs. in V.alue, unless borrower..and.Lender otherwise,
tgr ee in writing, the ligscellatieons'6?ceeds*Shail the'Stans secuittlby this gebtaity in:strnment.:Wheiher
*Or not:the•simis 'are'thert title;
Ifthe'Propertyis abandoned by Borrower atter nOti offs by.10der to BorroWer that the. Oppossing Parry .(as
defined in the xiseXt sentence) effersstO rnalce, gwatd to settle claim far damages, Boria:Wer :fails tb idto
WyorviaNG.-gieforolly-Fonnie fAse/Precidis Ma6 UNIFPRIA.INOTILIMENT -crviERS
F0 1051 lel .Psge 8 lg. 14
riliddacje ettorM
ter ww.t1 ovraqic. m
Lencier Within 30 day after the date the =tine is giVen, Lenderis authorized to collect and apply. the. Miscellaneous
proceeds either to. iestoiation or repair of the Property or to:the:stuns Secured b ythis Security Instrument, whether
Q• not glen 40. ''!Opposing Party" means thethird.party that owes Borrower Miscellauenua Proceeds Or the party
against whonatorrower has a right of aCtiOn in regard to Ivascellaiteous PrOceeds.
'Borrower shall:be in default if any action or. proceecling, whether ciVirorbrirninal, iS begun that in L;entier's
judgment,. cOuld result in forfeiture Of the Property or other material impairment of Lencler`g interest in the'PrOperty
Or rights uaderthis Security Instrument, 13orroweran cure suph.a.defanit and; if accaeration has occurred, reinstate
as 'proVicied in Section by causing the action or proceeding to -he dismissed with
a.• ruling that, in Lender's
'judgfneut forfeiture of.the.PrOperty or other ingterial. impairment 4 Lender's interest in. kite Property or
rights under this Security Instrument. The piOCeedS-oi y asvard9r ciaim for damages that axe attributable 4) the
impalinteit ofEender's interestinthe:PrOperty arehereby assign'ed and shall: be paid to Lender.
MiiceaneonS Proceeds•that are.not'applied to restoration or repair Of the Property ii441be apPlied..ki the
order pt!ovidecli4 hiSetgion 2.
p. Borrower Net Releaseikrokhearanee By Net a Waiver': Extension of the lime for:payment Or
modification of amorti7...ation• of the-suMsScciireci hy this .S.e granted by Lender' to Borrower or any
Su•ons krterest f ilappy,!qrshail:ncit operate to release the liability of Borrower any
of i.entier'Shall.not.bolequiteri tcr commence prooeedings:agehist any Successor in Interest of'BortoWer
or to refuse to .-attend 'time or payment. or othervilse modify .amortization Of the sums sticuted by 'tha'
Instrument by reaSon.bf any derOarl tuade.hy the laprro.v.ier. pr Any Successors .in Interest of'Dortkiwet. Any
forbearance by Lender ui cercisni any tight or ninety ineluding„ without I:imitation, 'Lender's acceptance of
payments froin third persons,.entliki or Successors u interest of Borrower or in tunc.autSless than the an1.01 1 40-
64 ad.bel waMttpt Iiiabde the 'exercise of anti xht.r ren
j.oii)t.aind:ScvekalLialifhly; Co4sighersi Suceessers 0.4.4Ssigns13omittl. Bottowerroyenant's andagreca
tlaarAorroweers obligat(a di to liability shall *joint and saVeral. liOw.ever, anYBorrowc,r OPcotsig:
Instrument lutt doesno.textoute.the Note (a oo-signer"); (a) 18 to -signing this Seourity,instrutnent onlytomortgage,
grant and convey tire cot aignerr.klitieteSt gt lit& under the terms of tilS Scattily Instrument (b) ia not
personally obligated to pay the sums seci4red by th is Seetsrity. Instrument; nild (c) agrees that lender and
BorroWer's can agree ro..1 faybear or inalm any aceorhmodatiotaS Witii to die ternis.of thia Security
littittnientOr 66.14c5te the co-4gue;s.conseut,
SU1jedtC5' 1ie provisions e.Sscion 1 .any .SiNcesacir in. interest: of BorrPwia who..assnmeS BriribWer'S
oblilationiimderthii.Sectritylnstrutnera.in writing, and is..approved by Lender, shali. Obtain all ofBorrower's
and this Stairity•InStruiricht: .13ortryver.shail not be rel'easett:froru Berrolver'.slbliggdons:atid 4ability
anderthis.SeprOinstrtnnertilinteis Lender agireesto.Snch release in Writing.. 'The covenant vad..age
SeQurlty instrament shall Dina (*Apt :as provided in-SeetiOn .20) and benefit the sueyeSSOrs and assigns Of Lepcjer,
..X Marg 4.0ek.pay()11474 Borrower fees for 'seri/lees performed iii.Conxcettie4 wititEurtower's
death., f9r 'the puriaOle..Pt prOectini Lender`s.'interegt in the PiejtertY and ri Under. tag 'Security INtnirogt,
including, butnot Uteri to.,.attorneys PtePerty biSpectiOn and iiination. fees.. In regard to any Other fees the
absence ol ex,press. authority in this Security 1iirunient to charge a •sfecifie 'fee.ta•13orr thitil riot be :construed
as kprOlaibition o.Atheoltargingoftn41 fee. .Lencler may not chaise Oatoiic .(ptes813qi.±OliibitddbYtliit.S.ecurity'
IttSuinteu•ijr by Appiitable tag;
If the 'Loan IS.stibject :to:a kW AA* 4ets:maXtraur. loan charga and tbat 34W Utiagyilltai:Oieteol go that the
interest of other loals:'cluqes c011eeted mite betolle.meci:.14oingction tJ Lon x.oec1 w a*gattOrt•litaft4;
then; (a) arty such loaircharge heredUced. by thatfloUnt :nee ess a r,t,r to:reduce:the Oaarge.to th.;E6nEL-d:101jt;
and (1i) Areatly C011ected from Borroviet which exceeded permitted Ihnits 74 1.0
Lender may ehopSeiolitaake the Motettr•by mgking xilirecipument
to Borrowr If a retinal retindesliriii#41; the rerinctio6 will be :treated s a Sarni prepayMent..Without.
prepayment. charge. (w..lieflior or not a i for Under the No) bortOWet.'s'acceptance.cif
any 'slid refutaitnade direct payment :to will constitute a waiver of any tiglitkif .action Borrower nnght
haVe aristgZut Such' overcharge
15, .ilotites: All notices 'givet by torrower or Leger in connection: with this. Security luStrurnent'intist beim:
wr1thig .AilY.notiteld conneedOnwitli this. $ePluity rostrument.Shall bp: 'ciggc*i t laipt.11Aen eyed
WYGMINGSingle FgErtily--Faimia lifiac. UNIFORM 'INSTRUMENT:- MERS
'Prr.r.. Fasie.9:or
.,Itkattesrf 1;16
sytksfirOdetnOicvthirt
VyNISI.tupp4:11
13orrawer when.mailed by first 'class mail or when actually delivered Borrower's notice .414ress if sent by other
Means': Naticelo any one Botrowashall constitute.ndtice to allBorrowers unless ApplicalAetnw expressly requires.
otherwise. The notiee:address Shall be the. Property Address unless Borrower has designated a substitute notice
address notice' to Liinder. BorroWer shall proniptly notify. Lender of Borrower's change of address: If Lender
specffies aproccidurefoi reporting Borrower' seharktebf adieu; then Borrower shall only'repott a'Change of address
through that specified procedure', The may be only one designatectnotice.address inidet th Security histrurnent
at any one.tiMe. A13' notice to be given by delivering it or by mailingit by firscclass mail to Lender's
agdress hereirt unless lienderlias.cles another. address notice BorrOwer. Ai* 'notidein connectiOn
with this Security Instmment shall not be deemettfo have 'been given fo Lender until genially received by Lender:
If any notice ..t.eqUired by this Security Instrument is also required under Applicable Law, the Appliable Law
requirement viill:satisfY the.corresponding requirement under this Security Instrument,.
16. Governing Logi Seyerahar. Rules tif Comtrued'orL This•Security. Instrume4.,shall begoverned by
.federal law and:thelaw'd the jurisdiction in which the. ptoporty is located. All rights and dbliga0o.us contained in
this Security biStruMent are 'Object to any requirements and limitations of Applicable.Law: Applicable Law might
explicitly or implicitly 1jciilW the parties to agreeboutract or it Might .be 811tnt, but stroll, silence Shall not be.
,construed as a prohibition ,against agreement by. contract. 'In the:event that any'proviSion or clause.of this Security
Instrument.ogbe Note conflicts with AppIicabIe.Law such. couffictshall not affect other pro;daions:ofthit Security
'Instrument•orlie :Notewhichcan be given :effect without 41e-conflicting provision
As naii.k fitis.'nonfity Instrument: (a) word oil tie mascolinegendet Shall *AIL and include ,CorrespOnding
neuter words or words of the fen:11*e nde; (b) Fords in the mean and'include the platraland vice.
VerSa.;...arid the Word gives. sole dime= without any obligation; to any actiOfi.
tl Idroiyees Coy Orrower al1a11 be:given one M. f 'the Note Pd of this geoPlit3' Thsttunent
Trier OF thi.P.Etipetty vr a Benefielai: 3&terest m ittoiTower, „As used ip this Section' 18, 'Tntered.:in.
the pr means any legal. or beneficial .interest lathe Property, including, but not lirnited to., those beneficial
interestettuatired inibOnd for ttetti, ventract fordecd, inatallitent sales contract or escrow agreement, 00latent
of which is the liansfer title'by Borroiger.4t,a thud: datato A innektater.
44 or an .p4t Of the Property or.any Property is sailor transferred (or if BOtroviera nOt
natural' person. and a henefidinlInterest. Bm sold �r transferred). Without Lender' prior ,written 'consent,
Levier mayrequire immediatepaymeat In full o all stnns sdenrecIby 411$ .SeodritY: Instntuint. liciwever,.thid Option
'shall not be exercised by Lender if such exorciSe is.prOhibited by Applies:Me:Law:
If Lender ex:erases this option, Lender shall give BOrroWer notice o acceleraipn: The hake shall .preVide'a
iietiod not lesS thank days from the date the.potiee 'ts.gcivenin accortignowith:Seetion 15 'within which odower
mut paynil siunS by th1 Seuriy .histrarnent... ItBorrower, fails M:pay.V.iesg.sur: 1 :4 PX th 414.00
of
Ibis Lender May iniokoaay rettleaes'pbtitattediri th ec4ity InstImnent Wiihout %lite r notice pr. demand.
on Borrower,.
'DarrOilves•MghttoRdfistate.After celeintkni. IfBOrroWerIneeta::eertain:condi#Ons> BerroRer
.have the right to of thiV.Sectirit$ I6stuniOlt discontinued at any time prior to irw.ggliesc Oirj
tiye l sale of the Property Putsriant to aiy poWer'bf Sale:contained in Security Instrument; (h), such
other period aa Appileaple Law oiight sPeelfy for.U termination' of B erl d' right to 'reinstate tv)
judgment, edercittg:04S:Security,Instmmeirt. Those conditions are that' Borrower 0:p all ants *bleb
then would be.due under Airs ScpuritYlnstrament and the iqpt4 as if no aCceleration had occurred &has any defgidt.
.Cfaity'Othertevenants or agreements; pays all menses fnourre.d m enktioing
but talianitect teatx1416. ees prop OsPqtli41.a4.1,41140nf.qq,.gric1{4ther fees isidurtedfOrle
purpose of protecting.Lender`s intere,§t.A1 the Property and rights under this Security Instrument; .and (a) takes stich
adtkrp as Lender rnay easonablyoquirelo'assure that Lender'sinterestluthe and :rights Aulder.this Scomity
Instinfhent; and ridivower's u1ifiouto .pay tlie'satos brtItis Swatitylustrumput, shall cpu#nue unchanged,
Lender xnay.ragre*i. BbrrOvcfer pay siach:reinstatenient stuns and expenses in on Or more .of the Villowing l'Orrnsi
as seic.ctedbyLe.nder:. C OrdpV, (qcettinetl•clikr.1, bankehect,.tfeasurer' Check efeathieeklieelt,
r.troyided.anyspell..izhed5,1s drain Upon an instinifibniltOtkleposittartithiredbyafedera agonek,.iiisretim.catality
orentity; or:WgleefrOnie..FUndsti•aneer. gpcnreinstatementby BOrrower;.this. Instrument aidObligtitiils
MaKtFieddie Mac UNIFORM IMSTIIUMENT mEris
Nun 3051 1101 4jage 10 bf 1
wy,Th *v.:mule:corn
obtu'e,r1 hereby shall reinam fully effective as if no acceleration had.occurred. I-16wever,•this right to reinstate shall
not aPply la the-case oftieceleration. under Section la..
2Q,, Sale of Note; 'Change of Loan Seivicer; Notice of Grievance.. The No te. or a partial interest in the Note
(together:Mill this Security institurient) caribe Sold one or More times i,vithoutpriarnotice to Bon Al Sale tniglit
result in a phange ia the. entity (lmoWn a the "Loan SerVicer") thgt aollectsPeriodic Payments due under the Note'
and this 'Security lastrument and perfornis other .mortgage loanServieing'obligadcms under the Ndit ths •Security
Immanent; :awl INprillobiA Law There also Might he one or more changes of :the Loan SerViDer unrelated to a sale
of the Note, If there is a change•or the Loan Sevicer e gj.lran.writtm. notioe of change Which will
state tho name and address of the new Loan Serviccr. the address to which .payments should he Made and any other
Intl RESPA requires in .connection w.ith a notice of iranaer of sery If the Note is sofa and thereafter
*Lim is serviced by a Leaa.Servicer other than the purchaser ofthe.Note, the mortgage loan servicing Obligations
to Borrev,ler wfl inaclin. with the• Loan ServiOer suecessor Loan Servicer =dip not assumed
by theNote put chasei,unless:Otherwisoprovided. by the Not purchaser.
Neither Borrower nor Lender may continence,. join or be joined to any judicial action litigant 1
Or that
eges..lbg thoo.fher party hreahed.any PfOvisio.trot or arty. Anty owed by reason of, this Sepurity Instrirmeat,
until suelii3Orrower or L the other party suth notice given in compliancith the requiremestlfs
Of Section. 15) of suCh alleged breach an afforded the other.party'herto a reasbnableperiOd afterfihcrgNing of aucli
noticeAt( tti ke. cofTectly6- actiOn. IAppheab1e Law PTPvidep, a'tirue..per.ind wthh must id* 'before certain action
'cad. be -taken that ante period will.be deemed to beltasoriable for purposes of this paragiaph. The .notice of
azdeleration 'and Opp:jinni:4y to etre given to Borrower pursuant to. Section 22 and 'ca notice tf:aedeletation gliven
to 4oxtow&r pltrsiiattt t:O.Sectiria 18 'bail be deemed to satisfy 'the notice and opportunity To t4e action
pyoyiStorts of &IS Seetion
Ilazurdous iitis.tances. As used in this Section 21: ".1 are those substances
defined as toXic.orhazardous•atibaances, •pciihrtantS, o'r wastes by EnviroaMental Law lathe foliowmg s.ubstances:
gasoline, lwosette, oitierflarnmahleor.:to,tip PetreilettinpfodildS, toxic pestiddes. and.hethicides, •vOlatile'sOlvents,
materials,..contpixting. asbestos Dr fOrataidehydo, and raclioaelive Matelials; coy. 11 .Erivironmental Law' Means fed.Dral.
laws and Taws of thejurlidictionwlaerotbe Prripett. Y is loeated..that ielPtito health; sdety.orenvirallitonfalfirbtmat4g
to) "Entrirehroents1 .Cleartue iec1ud4 any I.OPPOnse ac tailed* 4ction, oe reineVal actied, as defined ,in
Environniental Law 7 and (d) ui "Environnteutal..:conclItian" means a :tioniiiiion that can cause,. contribute to, or
otlierviise.tiiget Bliviteninefttal
liartoWerhalindt ttuse"or peitnit iltepresence;. use; disposal', storage, otrelesse of any ri4atalus 'aubkatica,
oe threaten to totekaWily.Vazardorfa &distances, an or•in the PrOpetty. Borrower shallot do, 73.6r au= atone
to .4o, anything affecting the Property (a) that i§ in violation of any Wiviromnental LaNv., wiifeli *ate'S an
Conditoii or (c) .'which, the piesenes us 1 :41 0leao Of a liazarclons .Silbstance creates a.
that adversely atfeCtg the va1n. f the'..FtiVdtiy... The:preceding tWo. SeritenceS tthaI no.t'apA; to the
presence, use, Dr sfprage °Ate:Proper Of small. quantities of liaaftlous Substances fhat:ore .gener41.1y recognized
itf be appropriate to upT4 seSidential_ uses and oto rhanitonanc e..dfae PrOpertr (including; litlt no lirnite4: tO,
haz'atdoustitbstances• in:consumer prodp.cts)
Botta:wer thall written usitice of (a) afit ddiaattklawat ar other
actionby zqublfetaiielitat or regulatory ageuoy.crr 14 party:involving the PrOperiy and ',OS/: liOttiddtieSitataitte
Dr:Etivironmeatal LaW:Of Which BOrrowerliat actnal.:IttoWledges.(0 anyAnvironineatal 4friuding but fret
limited to any spilling,..lealdng, diScharge release or threat of release.gt any 4gardous end (c) any
condition caused by thpreselke, use or.reiesSe of a Hazardous Subatauee _which 'adversely .affect ithe vaiue of the.
Property; If Boriokyer learns ot is tiotified by anp-goVennnental..dr.reguiatork authority, Or any private party, that
:8•11Y Haziplius StibStant6 affectiiigIlle'. is necessary:Bop:met s4afl
promptly. take t1 nece.asary iri accordance With BriVirbnmental Law. Nothing Lereinaliall create any
cihligatlon•on_lendor14 a111Sir•94P29ntd Clntrp
WYOMINO-ZIndie.Facnity—Farinie Merle MO UNIEDErii1 INSTRUMENT"-
Pap.t 11 of 14.
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NON-UNIFORM COVENANTS, Borrower and Lender father covenant. and agree as follows:
2l:, Acceleration; Remedies. Lender shat: give -notice: to Borrower' prior to aeceleratitm following
Borrower's breach of any eovena er.agreeinentinthis Security Instrument (ballot prior to acceleration under
Section is§ unless. Applicable taw provides otherOsej.. The notice shall 'specify:, (a) the defaulti (b) the attion
required to..euxe ib.e default; (e a date, not less OlaTI 30 days from the date the utstice iS giVen to Borrower, by
Which the defauh.must 63 cured; axed (0), that failur e. to cure the default on or before the date specified. in the
netiee ratty result in 'acceleration Of tixesums secured by this Security Insirumentand sale of the ProfteitY,. The
riatim Shall further infam Etirrower of the right to reinstate after acceleration and he right Kb bring.a court
aetion ta'assert the:xum-existenee.of a default Afitanyoiller.tlefe.pse of.Borrower to acetlerntion and sae; Xf the
default isnot cured on or before.the clete.specifiedin the notice; Lender at its option may require:immediate
payment' in full Call slims Secured by' this Security XuStrument without 'further dentand andmay invoke the
power ()f sale ;id any Rho. .reneedieS .1?ientitted.by Applicable Lgsv. tender shall be entitled to.'eollect
expensesinewred in pursuing ihureinedie provided in. this SeLtcar 2Z..including,. but not limitedto, reasonable
attorneys fee s and coSts o titre evlOet0.
If Lender involtes the power o sate 'Leader shall give notice tif intent 16 Borrower and to the
pars& p.05g0610.11 of ilieltoperty,0djfferen4 u fccoz..4aAe 011.443b1IPAblolaw. Lender shfl givemotice.
'of the, sale to Bomower in the. manner proyidedinSection 1S Lender tall publish the .nolice Of Sale, and the
Property shalt be stilt' inthe Mower' prescribed :by Applieable Law,. tender or its due may Ptirehaselhe..
Property at any We. The Proceeds of thesafeshalt.he applied in the roporitigozOev. (4) evenseenf the
sale, inckiding, Vat tat limSted r.easiktiibit attorney,s let%. (b) to alt sms. secured by t1ij t.evority
Insfrinnenti:and(c) 'any tkeegs t� the person or persons leggly entitled to a
la, Releak. UPGi) paYmein of all sums 's6ditred by Ns Security Itstagment,UAg M12.11 rolease this eatIrity-
instrument: ,3ogower shall pay any reordatlone'iists. Lender they chargeBOrrbwet afee fr releasing this Secarity.
Instirumeg, but -Only if the fee: is paid to sathird party for set rendered aid the.eharging o th e fee is permitted
under. Applicable Law..
/4; Waivers. togoRer.Weapos and waives ail rtg45 tinder and by Vitnit of hontsad exemption laws
.of W.yOmitig,
INYOIVI1Nle—Stgleytarrily Mao UNI5ORW1 ENSTRUMENT J ES
i14S5g-1
Page 1 of 14
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BY SIGNING BELOW, BorrOWer accepts and agrees. to the terms wad. covenants contained in this. Security
Insiinro6nt and in any Ridei.ei(eenteil by Bottovier and:recoroled
(Seal) vi
MICHAEL T MORTON 4 A
14orrower C ELS ORT
7
(Seal)
-Borrower
(Seal)" (Seal)
.-Borrawer -Bo)rolger
(Se4 (Seal)
BOrrOwer ...Borrower
3 74tmesv., Witness:
14,5 MaelFredclie Una UNIFORM mrpiuMENT MEM-
F.grit) 3057 1/c1:1 Fatrei bf 14
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State
44-eDifitit
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[Space Botoiry This Lino For Aoknowlorigment4
County of LINCOLN
this t, was aoknowleclgo4:bcfbre rne
by MICHAEL T MORTON AND CHELSEA MORTON
.1
My eolianiSsion expires%
BignatUte:Of notarial offieer
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LQL. trl.gisiatcyr RorugY VgRe RIVISR1 rb- 283t 76.
on Orgaill:zat low: BANK QF 1p 42•2914
wYoUliNefLtingIe. Faniiiyannia MaelFieddie Mac UNIFORM INSTRUMEIV MRS
Foriil 00% 1/04 Raqa 14 of 14 ..www•zieepragic..tspl
PLANNED UNIT DEVELOPMENT RIDER
THIS PLANNED UNIT DEVELOPMENT RIDER is made this 21st 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 to
secure Borrower's Note to Bank of Utah, a Utah Corporation (the "Lender of the same date and covering
the Property described in the Security Instrument and located at:
206 Chokecherry Drive, Star Valley Ranch WY 83127
[Property Address]
The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other
such parcels and certain common areas and facilities, as described in the Covenants, Conditions and
Restrictions of Record (the "Declaration The Property Is a part of a planned unit development known
as
Star Valley Ranch Plat 3
[Name of Planned Unit Development]
(the "PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent
entity owning or managing the common areas and facilities of the PUD (the "Owners Association and
the uses, benefits and proceeds of Borrower's interest.
PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument,
Borrower and Lender further covenant and agree as follows:
A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the
PUD's Constituent Documents. The "Constituent Documents" are the: (I) Declaration; (ii)
articles of incorporation, trust instrument or any equivalent document which creates the Owners
Association; and (iii) any by -laws or other rules or regulations of the Owners Association.
Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the
Constituent Documents.
B. Property Insurance. So long as the Owners Association maintains, with a generally
accepted insurance carrier, a "master" or "blanket" policy insuring the Property which is
satisfactory to Lender and which provides insurance coverage in the amounts (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: (I) Lender waives the provision in Section 3
for the Periodic Payment to Lender of the yearly premium installments 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 extent that the required coverage Is
provided by the Owners Association policy.
What Lender requires as a condition of this waiver can change during the term of the loan.
Borrower shall give Lender prompt notice of any lapse in required property insurance
coverage provided by the master or blanket policy.
In the event of a distribution of property insurance proceeds In lieu of restoration or repair
following a loss to the Property, or to common areas and facilities of the PUD, any proceeds
MULTISTATE PUD RIDER— Single Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 5150 1101
BOU 09/01 Page 1 of 2 PUD Rider
CD PUDRD 45140072
payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the
proceeds to the sums secured by the Security Instrument, whether or not then due, with the
excess, if any, paid to Borrower.
C. Public Liability insurance. Borrower shall take such actions as may be reasonable to
Insure that the Owners Association maintains a public liability insurance policy acceptable in
form, amount, and extent of coverage to Lender.
D. Condemnation. The proceeds of any award or claim for damages, direct or
consequential, payable to Borrower in connection with any condemnation or other taking of all
or any part of the Property or the common areas and facilities of the PUD, or for any
conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Such
proceeds shall be applied by Lender to the sums secured by the Security Instrument as
provided in Section 11.
B. Lender's Prior Consent. Borrower shall not, except after notice to' Lender and with
Lender's prior written consent, either partition or subdivide the Property or consent to: (1)
the abandonment or termination of the PUD, except for abandonment or termination required by
law in the case of substantial destruction by fire or other casualty or in the case of a taking by
condemnation or eminent domain; (ti) any amendment to any provision of the "Constituent
Documents" if the provision is for the express benefit of Lender; (iii) termination of professional
management and assumption of self- management of the Owners Association; or (iv) any
action which would have the effect of rendering the public liability insurance coverage
maintained by the Owners Association unacceptable to Lender.
F. Remedies. If Borrower does not pay PUD dues and assessments when due, then
Lender may pay them. Any amounts disbursed by Lender under this paragraph F shall become
additional debt of Borrower secured by the Security Instrument. Unless Borrower and Lender
agree to other terms of payment, these amounts shall bear Interest from the date of
disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to
Borrower requesting payment.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD
Rider.
00
T 2 (Seal) I ti I I ;1 I) (Seal)
Michael T. Morton Borrower Chelsea o o Borrower
(Seal) (Seal)
Borrower Borrower
MULTISTATE PUD RIDER Sin &Je Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01
BOU 09/0i Page 2 of 2 PUD Rider
CD PUDRD 45140072
1
THIS SECOND HOME RIDER is made this 21st 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 Borrower's Note to Bank of Utah, a Utah Corporation (the "Lender") of
the same date and covering the Property described in the Security Instrument (the "Property"), which is
located at:
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 shall 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 shall 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.
8, Borrower's Loan Application. Borrower shall be in default if, during the Loan
application process, Borrower or any persons or entities acting at the direction of Borrower or with
Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or
statements to Lender (or failed to provide Lender with any material information) in connection with
the Loan. Material representations include, but are not limited to, representations concerning
Borrower's occupancy of the Property as Borrower's second home,
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Second Horne Rider.
7
Michael T, Morton
(Seal)
Borrower
(Seal)
Borrower
SECOND HOME RIDER
206 Chokecherry Drive, Star Valley Ranch WY 83127
[Property Address]
(Seal)
Borrower
(Seal)
Borrower
MULTISTATE SECOND HOME RIDER— Single Fatnlly— Fannle MaelFreddie Mac UNIFORM INSTRUMENT Form 3890 1101
BOU 12/00 Page 1 of 1 Second Horne Rider
CD SECHMRD 45140072