HomeMy WebLinkAbout978959When recorded, return to:
Centennial Lending, LLC
Attn: Final Document Department
4112 Kodiak Court, Unit D
Longmont, CO 80504
Borrower is the mortgagor; under, this Securitylnstrurnent.
(C) "Lender" is Centennial_Lending,
Lender is a Limited Lialiility Company
under the laws of Colorado.
4112 Kodiak Court,'(inlet) Longmont, CO 80504..°
978959 10/22/2014 3:49 PM
LINCOLN COUNTY FEES: $42.00 .PAGE 1OF 11
BOOK: 841 PAGE: 870 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
11111111111111 11111111111111111111111111111.1111111111 11111 1111l I l i I 1 11111111
LOAN 1409000004990
[space Above Th1s Llno For Recording Data]
MORTGAGE
DEFINITIONS
Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13,
18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided InSection 16.
(A) "Securitylnstrument" means this document, which is dated October 22, 2014, together with
all Riders to this document:
(B) "Borrower" Is RAYFORD KENNETH CROWSON AND CHERYL ANN CROWSON, HUSBAND AND WIFE,
organized and etisting
Lender's address Is
Lander is the mortgagee under this Security 'Instrument
"Note" -means the promissory note signed by Borrower and dated October 22 2014. T he Nole
states that Borrower owes Lender i
EIGHTY NINE THOUSAND ONE HUNDRED AND NO1100*
w***** t" L* x** Y«****x* e.* *:ti, ;Dollars (U.S, $89,100.00
;;,plus interest Borrower has promised. to pay this debtor regular periodic Payments and to pay the debt i full later
than No'vernber 1, 2044.
(Ej "Property" means the property that is described below under the heading "Transfer of Rights in the Property
(F) "Loan means the debt. evidenced by the :Note, plus:iriter@st, any prepayment charges end late charges due under.
the.Note, and alt sums due under this Secunty.lnstrument, s plu interest..-
(G) s'f G) "Rider means all Rides to this Security Instrument that are executed b Borrower ,The following Riders areto
be executed by Bon ower [check box as'applicable]:
:ofAdjustable Rate Rider 0 Condominium Rider E Second Home Rider
•;Balloon Rider Unit Development Rider 0 Other(s) [specify]
0 1 4 Family R i d e r' 0 Biweekly Payment Rider
0'V.A. Rider
(H) "Applicable taw" means all controlling applicable federal,•tate and local statutes, fegulati, ris, ordihances =and
adrnlnlstratlVe rules arid, orders (that have the effect of law) as'well. as all .applicable final non appealable judicial
opinions
(I) "CommunityAssoclation Dues, Fees, and Assessments" means all dues, fees, assessments'and other charges
that are imposed on Borrower ar•the Pro ert"b
p y y a;oondomir�ium association, homeowner association'.iir aimilar
.organization.
(J)
ElectronicFunds Transfer "m
.eans any transfer of funds, .other iha a n transaction originated by check, :draft, or
similar paper instrument,, which,is tnitiated.through an electronic terminal,.telephonic instrument; computer, or magnetic
tape so as to;order, instruct isr authorize financial Institution: to debit or credit an ace Such term, Includes, but Is
not limited to, point -of -sale transfers, automated teller machine transactions, transfers lnitiated'byfefephone wire
transfers,' and autorated._ m
olearinghouse;transters..
(K) `!Escrow Items" means those ites thatbre described in.Seotion
(L) Miscellaneo us Proceeds" m eans any compensation, settlement award bf dam or
ages ,prodeeds paid by any
'third party than Insurance proceeds paid under the ooverages described In Section 5) for (i) damage to or
destruction: of the Property (1) condemnation or other taking'of all or any part, of the Property, "'(111) conveyance in lieu
of condemnation; or (Iv) misrepresentations of, -or'omisslohsas (o; the value. and /or oohdltlon of the P
(M) "Mortgage Insurance" means in protecting Lender against the nonpayment of, or default on the Loan:'
WYOMING- SIngie Fam1Iy— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT 'Form 30 Initials':
Ellie Mae..iric.. 'Page 1 of 8. WYU so '12'12
:WYUDEE.D
10/21/ :08AM
LOAN 1409000004990
(N) "Periodic. Payment" means the regularly scheduled amount due for (I) principal and interest under the Note, plus
(11) any anibunts under Section 3 of this Security Instrument.
(0) "RESPA" means the Real Estate.Settlement Procedures Act (12 U.S.C.. §2601 et seq.) and its implementing
regulation, Regulation X (24 C.F.R. Part 1024), as they might be amended frdm. time to time, or any additional or
successor legislation Cr regulation that governs the tame subject matter. As used In thls Security Instrument, "RESPA"
refers to all requirements and restrictions that are imposed in regard to a !'federally related mortgage loan" even if the
Loan does not qualify as a "federally related mortgage loan" under RESPA.
(P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
has assumed Borrower's obligations under the Note and/or this'Securlty Instrument.
TRANSFER OF RIGHTS IN THE PROPERTY
This Security Instrument secures to Lender: (I) the repayment of the Loan, and all renewals, extensions and modifications
of the Note; and (II) the performance of Borrower's covenants and agreements underthis Security Instrument and the Note.
Forthis purpose, Borrower does hereby mortgage, grantand convey to Lender and Lender's successors and assigns, with
power of sale, the following described property located In the County
[Name of Recording Jurisdiction] Of Lincoln [Name of Recording Jurisdiction]:
SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS "EXHIBIT A
APN fF: 123118311
which currently has the address of 78271 Highway 89, Smoot,
Wyorriing' :83126 ("property
[Zip Code]
TOGETHER WITH all the improvements. now or hereafter erected an the property, and all easements, appurte-
trances; and now or hereafter a part of the property. Alt replacements and additions shaltalso be covered by
this Security Instrument. All of the foregoing Is referred to in this Security instrument' as the. "Property."
'BORROWER COVENANTS that Borrower is lawfully seised ofthe estate hereby conveyed'and has the• right to t
mortgage, :grant and convey the Property and that the' Property Is unencumbered;. except for encumbrances of record.;
Borrovifer'warrants and will 'defend generally the titlg to the Property against: all claims and demands, subject to any r
encumbrances of record,
THIS SECURITY INSTRUMENT.. combines, uniform covenants *Sr national use an d non uniform. covenants with;_:
limited' variations by jurisdiction.to constitute a uniform security instrument covering real p(operty:
UNIFORM COVENANTS: Borrower and Lender covenant and agree as follows
1. Payment of Princ)pal,'Interest, Escrow Items, Prepayment Charges, and Late Charges BorroWerallall.pay
when due the•princlpal of and.interest on, the debt evidenced, bk the any prepayment charges.and late charges
due under the Note;: Borrower: shall also pay funds for Escrow Items. pursuant to Section 3. Payments due under the
Note and this' Security Instrument shall be'made in U.S. currency. However, if any check or other instrument received
by Lender as payment.uitider the Note orths'Security Instrument is: returned to tender unpaid, Lender may require that..
any or all subsequent payments due under the Nate and Security Instrum ent be.made In one or more of the following,
forms as selected by Len.'der: :(a) cash; order (c) check, bank check, treasurer's check; or :cashier's
check, provided any such check rs :drawn upon, an lnstitution whose deposits are insur_ed:by a federal agency,
instrumentality; or entity; or (d) Electronic Funds Transfer,,..
:Payments are deemed. received by, Lender when received at the location designated rn the Note or atsuch other
location as may be designated by Lender In accordance with the notice provislorjs'In Sectiori;15. Lender mayreturn any::
payment or partial payment if the payment or partial payments are insufficient lebring the Loan current Lender may
accept any payment or partial payment insufficient to. bring the .Loan current, without waiver of any rlghts :or.
prejiudice to its rights 10 refuse such payment or partial payments in future;'_but Lenders not obligated to apply such
time: each at the ti such payments are accepted if each Periodic Paymentis.applied as`of its scheduled due date
:then Lender need not payinterest on'unapplied funds Lendermay hold such, unapphed funds until Sprrower makes
payment to bring the Loan current. If .Borrower does:not do so :within a reasonable period :of tune, Lender. shall ellhet
apply such funds.or "return then to Borrower. If not applied earlier,;such funds: will be appliedto the outstanding principal
balance under the Note immediately prior to foreclosure. No`offset or claim'which BorroWer might: have now or irr_tho
.future against:Lender'shall relieve_Borrower from:making payments dtie•under the Note and this Security Instrument
or' performing the• covenants and ;a secured by thls,Security instrument.
2. :Applicatlon of Payments orProceeds 'Except as otherwlse described in this Sectton2, all payments accepted
and applied by Lender shalt be :applied in the:following order,of priority; (4 :interest due under'the.i4ote;•(b) principal
due under the'Note; (c) amounts due under Section 3. such payments shall be applied to each Payment in the
order in`which it became due.Any remaining a mounts shall beapplied first to late charges, second to any other_ amounts
.due under this Securlty':histrunient, and reduce the principal balance of the Note
:If Lender •receives a payment from Borrower for delinquent Periodic Payment which includes a sufficient amount;'
to:pay any late charge due, the may be applied to the delinquent payment anathe :late charge._lf more than
one Periodic Payment Is outstanding; Lender may apply any payment receiv_ed Borrower to the.repayment of the
Periodic Payments if and to•the extent that each' payment •cart be paldin' fufl.To the'extent that anyexcess exlate after
the payment is applied tote' full payment: of one or more Periodic Payments, such. excess maybe applied to any late
charges due, Voluntary prepayments shall beapplied first teeny prepayment charges andthen as described inthe Note,
WYOMING Single Family- F5nnie MaefFteddie Mac UNIFORM INSTRUMENT Form 3051 i%o1 InifltiiS:
V
Ellie Mae Ipc. P age.2 of 8 INYU B' 1212
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10%21!201 d 10:08 AM PST
[Street] (City]
LOAN 1409000004990
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to Principal due Under the Note shall
not extend or postpone the Clue date, or change the arriount, of the Perfodid Paynients.
.3. Funds for Escrow Items. Borrower shall pay to Lender or the day Periodic Payments are due under the Note,
until the Note is paid In full, a sum (the "Funds") to provide for payment of amounts due for (a) taxes and assessments
and other Items which ban attaln over this Security Instrument as a lien or encumbrance on the Property(b)
leasehold payments or ground rents.on the Property, if any (c) premiums for any and all insurance required by Lender
under Section 5; and (d) Insurance premiums, If any, or any urns payable by Borrower to Lender In lieu of
the paymentof Mortgage Insurance premiums in accordanceth the provisions of.Section 40. These items afe called
°Escrow Items." At origination or at any tithe buring the term of the Loan, Lender may require that community Association
Dues, FeeS, and AsSesethents, if any, be escrowed by Borrower, and such dues, fees indassessthents shall be an
Escrow 'tern. Borrower shall promptly furnish to Lender all mikes of amounts to be paid under this SeCtion. Borthwer
shall pay Lender the Funds for Escrow unleasLenderWalves BOrr obligation to pay the FUrida for anydr
all Escrow Items. Lender may waive Borrower s obligation to pay to Lender Funds for any or all Escrow Items at any time
Any such waiver may onlybe In writing, In the event of such waiver, Borrower shall pay directly, When and where payable,
the amounts due for any Escrow Items forwhich payment of Funds has been waived by Lenderand, if Lender requires;
Shall furnish to Lender receipts evidencing such payment within such time period as Lender may require...Borrower's
obhgation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and
agreement contained In this Security Instrument, as the phrase "PoVenant and agreement" Is used In Section 9. If
Borrower is obligated to pay Escrow Items directly, pursuant to a Waiver, and Borrowerfaiis to pay arnditint:duefOri
an Escrow Item, Lender may exercise its rights under Section 9 and .pay such amount and Borrower shall then be
obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow 7
Items at anytime by a notice given In accordance with Section 15 and •Opori 'revocation, Borrower shall pay to
Lender all Funds, and In such amounts, that are then required under this Section 3.
Lender may at anytime, collect and hold Funds In :an amount (ay sufficient to permit Lender to apply the Funds at
the time ipeCifjed under RESPA, and (b) not tOexPeed the maximum amoalilenderbdh recjuire under RESPA. Lender
Shall estimate the amount.of Funds due on• the basis of current data and reasenableeStiinates of ekpencliturea Of future
Escrow Items 'orothetwiselh accordahce with Applicable Law.
The Funds ,Shall be held In an•inatitution whose deposits are insured by a federal agency inStrinentality, or entity':
(including Lender, if Lender Is in institution whose deposits are soin.sUred) or In any Federal Horne Loan Bank...Lender
shall apply theFunds to paY:the Eseroklleme•no later than the time Specified'Orider RESPA. Lender shall aby'phargii
Borrower for applying the Funde,' analyzing the escroWaccount,...Of ;verifying the Esore items,
unless Lender pays Borrower interest on the kinds and Applicable LaW perthifs Lenderlo such abharge: Unless
an agreement is made in Writing oi requires interest to be paid on the Furid Lender shill not be required
to pay Borrower any interest Or,earningeon;the Funds Borrower and Lender can,agree in writing however that Interest
shall be paid orithe.Funds. Lender Shalt give teBorrower,.without charge, an annual accounting of.4 Fundsaarequired
If there is e.surplus of Funds held in escrOw, as defined under isPA,:Lender the
excess funds.ln Is a shortage of F.Undsherd In becrek gadatinad Under RESPA7terider.'"•
shall notify BortoWer as required by REBF.A, and Borrower shall pay to Lender the arrietint necessary to make up thie:
.shortage iti accordance with..RESPA,..Out in no more than 12 monthly peyments. If there is a deficiency Of kinds held
lnascrow, as defined under RESPA, Lender shall notify Borrower as required by Shall pay to
Lender the amount necessary to make up the deficiency In accordance RESPA, but in ao.M6re than' monthly
payments.
Upon baYrnentin full.bi all surnsaecUred by this Instrument :Lander Shell promptly refund•fa Borrower any
Fundshetdby Lender. 't
4. Charges, BorroWer:ehall pay all taxe assessments aesesstherits, charges, fineS,'anb impositions attributable to
Property Which can attain Priority:69011Na Security Instrutnert leasehold payments or ground rents on the ProjiertY,
If any,:erid CommunIWASsodation Dues, Feee, arid Asseserrienta,ilf anY.76,:the extentthat theSeiterna are:EscrONYIteinS,
Borroider*all pay thefrir in the Thanner.previdedM•Saction
Borrower shall PrenpllY..diadharge anYlien"whiCh haS over thls Security Instrument unless Borrower y.:(a)
agrees in:writing to the payment of the oblioatiensecured by the lien iffenanner to Lender but onlY long
as Borrower is performing sUchagreement;(b)6ontests*ellen ingOdd.faith OY:l'ordefentia'egalret enforcetheritof the
lien in legal proceedings which in LenderS:_aiiini.ori operate te thd the lien while thole
proceedings arerending, Only until S proceeding are concluded;.Or (c) sseaureS from the.:)ielder of the Jienan
agreement satisfactory to tender sLibordineting.thelientOthis•SedUritY InStrtithent. If Lender deterrnlnes that.$hy Parr.i;;
of the Property is subject which can attain priority over this:Securityinstrument,-.Lendermay give Borrower a
:piotice Identifying :the Ilen..Within 10 days of the date on Which that notice Is given Borrower shall satisfy the lien or take
one or more of the forth above ri this Section.4. :;;:t
Lender rrideeqUireBeirdier to a real estate Cd;<iierifidatibrnd/orreperting service use a
by Lender in.cbilhectionW.this Loan
5. propktiinSurance. Born:Awl-snail keep the improvements now :existing or hereafter erected on the property...
insured against Joss by fiq,.fiiiirdsInclUded Within.theterm "e4endaci overage,•7;ierd any other hazards Inouding
but not limitedtd,'earthqtiakes arktfloOds,.fer which Lender requires InsOrafiqe. Thid'inatiranba be'theintained In
amotintsfinpludingdetitictibieleyils) and for the periods thafLerderrequires..Mhat Lender requires suant to
the preceding sentences ban• change:di:1ring the iarra'0f the Loan The insilrance 'parrier.pro:Qiiiing inatiranCeiehall
be chosen by Borrower sublet tdLender'srighf tri ri shall not ppoaxar.61a
t:Unreasonably:Lender.:MiY•reqUire Borrower td payinrodnnection With this Loan eitheF...'(ayenti-tirrie charge ferfided
zone detetintnatlen, .cerfification and tracking services or (b)., One4littecharge flood zone determination :and
..6ertificatforTservides Old :SUbSe0ant•bhafges each lime rerriappirgeOr'Similar.Changee occiir•Which reasonably might
affect eti or Certification: EorrOwer.shall also;hkrespOnSible for the paythent.Of an fees MPosed by
the Federal Management AgendYln::Onnection Witlythe.feyiew 910py flood zone deterthitation..,,IeeOlting
from an ibbjectiori:bY Borrower
IfBorrower fails to 'maintain anyd(the'doyeragesdeSarthed above Lender mAy:i5fitainingWOCe Coverage, at
Xentier'S 'option and porraimers expense Lender is under no Obligation to'pUrchaSe particular type or amount of
coverage.pidrefore,..;etich 'Overage, Shall driver •Lender`,..•itt might :Or *lit not prOlealBorroWef,•;BorroWeeSaquity
the Property, or the Contents of the Propertyr against any rlsk hazard or Tability and might provide r Lesser
lhan waS•preVieuslyinalfeOL BorroWerablinoWleidgealhati the cost of the insurance ooverage so obtained
might significantly exceed the cost of insuranoe.that Borrower could haYeObtained:Any,erno6nte IlsbOrsed 4y
iIy-.Fannie Mae/FreLJdieWa UNIFORM INSTRUMENT Form 3050 /01 *littera:.
M* 3bf 8; 1
LOAN 1409000004990
under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall
bear interest at the Note rate'from the date of disbursement and shall be payable; with such interest, upon from
Lender to Borrower requesting payment.
All Insurance 'policies required by Lender and renewals of such policies shall be .subject to Lender's right to
disapprove such policies, shall include .a standard mortgage clause, and shall name Lender as as and /or as
an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
Borrower shell promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form
of insurance coverage, not otherwise required by Lender, for damage to, or destruction bf, the Property, such policy shall
Include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
of loss If not made promptly by Borrower. Unless Lender and Borrower otherwise agree In writing, any insurance
proceeds, whether or not the underlying insurance was required by Lender, shall be applied, to restoration or repair of
the Property, If the restoration.or repair Is economically feasible and Lender's security is not lessened. During such repair
and restoration period, Lender shall have the right to hold such Insurance proceeds until Lender has had en opportunity
to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection.
shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration In a single payment or in
a series of progress payments, as the work;is completed. Unless an agreement is made in writing or Applicable Law
requires Interest to be paid oh. such Insurance proceeds, Lender shall not be requtred,to pay Borrower any interest or
earnings on such prdceeds. Fees for public adjusters, or other third parties, retained by Borrower. Shall not be paid out
of the insurance proceeds and shall be, the sole obligation of Borrower. If the restoration or repair Is not economically
feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the "sums secured by this
Security instrument, whether or not then due, with the excess; If any paid to Borrower_ Such insurance proceeds shall
be applied In the order provided for In Section 2.
If Borrower abandons the Property ;:Lender may file, negotiate and settle any available insurance claim'and related
matters. If Borrower does not respond within 30 days to° a notice from Lender that the insurance carrier hasnffered to
settle a claim; then Lender may negotiate. slid settle the. claim, The 36-clay period will begin when the'notice is given.':
In either event, brlf Lender acquires the Property under Section 22 br.otherwise, Borrower hereby assigne,to Lender
(a) Borrower's rights to any insurance proceeds in an amount Rata exceed the amounts unpaidunder the Note or this
Security instrument, and (b) any other of Borrower's rights (other than the right fo;:any. refund _of,unearried premiums
'paid by Borrower) Under all insurance policies covering the Property,. Insofar as such rightsre applicable to. the
coverage of the Property. Lender may use theTnsiirance proceeds either to repair;or restore-:the ,Property or.to,pay amounts unpaid. under the Note or this Security' Instrrument, whether or:notthen due
6, Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's residence pal reside. Within
60 days after the'execution of this Security instrument and shall conthiue to occupy,the Property as Borrower's principal
•residence for at least one. year alter the date of occupancy; unless Lender otherwise agrees' In. writing, which, consent
shall not be unreasonably withheld, of unless' extenuating clrcumstances exist which are beyond Borrower's control.
7. Preservation, Maintenance and Protection of the Property;: Inspections. Borrower shalt riot.destroy,
damage or impair the Property, •allow the to 'deteriorate or commit waste'on the Property, Whether or not
•Borrower is residing in the Property,; Borrower shall maintain the Property in Order to prevent the Property from.
'deteriorating or decreasing In Value due:t'b is condition, Unless It is determined pursuant to'Section 5 that repair or
restoration is not economloelly feasible,: Borrower. shell promptly repair the:, Property: if damaged to avoid further'.'
deterioration' or damage. If insurance or:condemnatiori proceeds' are paid in connection with damage to, or'the taking of,
the Property, Borrower shall be responslble repairing or restoring the Property'onlylfLender has released proceeds for
such purposes. Lender "may disburse. proceeds for the repairs and restoration to a single,payment or :;n `a series of
progress payments as. the work Is completed, If the 'Insurance or condemnationproceeds are not sufficient to repair_or
restore' the Property;' Borrower is not relieved.of Borrowe'r's obiigatfpn _for the_completio'n;of such repair or restoration;.'
'Lender or its agent; may make reasonable entries; upon and Inspections of the Property,If it has; reasonable. cause,
•Lender may Inspect the Interior of th;e iri on the Property. Lender shall give Borrowerliotice at the timeof
or prior to such an Interior inspectlonspecifyingsuch reasonable cause.
Bor'rower's Loan Application. Borrower:shall be In' default If during the Loan application process Borrower
or any. persons Or:eritities acting' at the direction of Borrower or with Borrower's knowledge or coneentgava materially
•false; misleading; or inaccurate Information or statements to Lender (or.felledto provide Lenderwith material inforrmiatlon),
•in connection :with the •Loan.; Material representations include;: but are limited to representations concerning*.-
Borrower's occupancy of the:Property as Borrower's principal residence..
9. Protection of Lender's Interest in the Property and Rights tinder this security' Instrument. If,(a) Borrower
falls to perform the covenants and agreements contained in this::Securitylnstrument, (b) there is'a legal proceeding that
might significantly affect Lender's interest in. the Property and /or Tights. under this Security: Instrument (such
proceeding in bankruptcy,, probate,, for condemnation or forfeiture, for of a Iles which may:attain priority
over this SecuritylnstrUment.orto enforce laws br regulations), or.(c) Borrower has abandoned the Property, then Lender
may do and pay for whatever is reasonable.or appropriate toprotect Lender's :interest in_ the Property' and rights under
this Security Instrument, ncluding protecting'and /or:assessing the value of thel and securing and /or repairing
the Property._ Lender's actions can include,:but are not lirnited.toi (a) paying any sums secured by a lien whiPh has.prfority
overthls Security Instrilmek (b) appearing in court; and:(c) paying reasonable.attorneys'feesto protect its interest in
the Property and /or rights under this Security Instrument,, including its secured position;ir a bankruptcy' proceeding.
Securing the Property Includes, but i`s not limited to entering the Property to make repairs; change :locks,. replace`or
board up doors and windows, drain water froth 'pipe's bullding or other. code, vinlatlotis or dangerous
conditions, °and have titilities turried,bn or off. Althotigh Lender ma take action under this Section 9,; Lender does not
have so and Is not Under any. duly or obligation to do So. It is agreed that Lender Incurs no ltabltlty for nottaking
any or all actions authorizender :this' Section
d u 9
An amounts disbursed by Lender under this Suction 9 shall become addltional debt of BorroWersecured by this
Security Instrument. These amounts shall bear.interest at the Note rate'from the:date of disbursement and shallbe
payable; with such interest,. upon notice from Lenderto Borrower requesting payment..
If thisSecurity •Instrument is on a leasehold Borrower shall comply with all the provisions of the lease. Borrower shall
..not surrender the leasehold estate, and Interests herein conveyed ar terminate or cancel the ground ,lease Borrower shall
not, w express consent of Lender alter:or afnend the lease. If Borrower acquires fee title to'the
Property, the leasehold and _the fee title shall not merge finless Lender agrees tote :Merger in writing....
10. Mortgage Insurance If Lender required Mortgage Insurance es a Condition of making the Loan Borrower shall
pay the premiums required:to maintain. theMcrtgage Insurancerih effect:. If for any.'reason, the Mortgage: Insurance
WYOMING Single Family- ,Fannie MaelFreddie Mab'UNIFORM INSTRUMENT Fdnn 30111 Initials'
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coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance
and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance,
Borrower shall pay the premiums required .to obtain coverage substantially equivalent to.the Mortgage Insurance
previously' in effect, at a cost substantially equivalent to the cost to Borrower Of the Mortgage Insurance previously in
effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage
is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were
due when the Insurance coverage ceased to. be In effect. Lender will accept, use and retain these payments as a non-
refundable loss reserve in lieu of Mortgage insurance. Such loss reserve shall be non- refundable, notwithstanding the
fact thatthe Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on
such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage ([n the amount
and for the period that Lender requires) provided by an selected by Lender again becomes available, is obtained,
and Lenderrequires separately designated payments toward the premiums for Mortgage Insurance. If Lender required
Mortgage Insurance as a condition of making the Loan and Borrower was required to !hake separately designated
payments. toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain
Mortgagetnsurance in effect, or to provide a non-refundable lost reserve, Until Lender's requirement for Mortgage
Insurance.ends In accordance with any written agreement between Borrower and Lender provldIng for such termination
or until termination is required by Applicable Law. Nothing in, this Section 10 affects Borrower's obligation to: pay interest
at the rate provided In the Note,
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain,losses' it may Incur if
Borrower does not repay the Loan as agreed. BerrowerIs not a: party to the Mortgage insurance,
Mortgage insurers evaluate their Total risk on all such insurance in force from time to time and may enter into
agreementswith other parties that share or modify their risk, or reduce losses. These"egreements are on terms and
conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. :These
•agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer
may have available (which may include funds obtained from Mortgage Insurance premiums):
•As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurers any other entity,
or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that from (or might be
characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange, for:sharing or modifying the
mortgage Insurer's risk, or reducing losses.. If such agreement provides that an eff llate of Lender takes a share of the
insurer's risk in exchange for a share of the premiums paid to the insurer, the'arrangement is.often. termed "captive
reinsurance:' Further:
(a).Any such agreements will notatfectthe amounts that Borrower has agreed'to pay: for.Mortgage
insurance, or any other terms. of.the Loan, Su o
ch agreements will not increase the amount Borrower will 0We for
Mortgagetnsurance, and they Wilt not entitle Borrower to any
(b) Any such agreeme.nts,wili not affect the rights Borrower'. has if any with, respect to the
Insurance under the Homeowners ProteotlonAct of 1998 or any other law. These rights!may include the right to
receivk certain disclosures, to request and obtain cancellation of the Mortgage insurance, to have the Mortgage
Insurance terminated automatically, andlor to receive a'refund of any Mortgage Insurance premiums thatwere
unearned at the time of such .cancellatlon ;or,terrninatiori:
11. Assignment of Miscellaneous Proceeds; Forfeiture, All Miscellaneous Proceeds are herebyassigned to
Shall be paid to Lender,
If the Property is damaged such Proceeds shall. be applied :to restoration or repair of the Property,
'if the restoration or repair is economically feasible and Lender's: security is. not lessened. During such repair and
restoration'period, Lender shall have the r'ighttohold.such Miscellaneous Proceeds until has had an opportunity
to inspect such Property to ensure.the work has beery completed to Lender 's satisfaction; provided that such Inspection
shall be undertaken promptly, Lender may pay for the' repairs endrestoratien in a, single disbursement or in a_series of
progress payments as the:Work Is completed. Unless, an agreement is made'in writing orApplicable Law requires interest
to be paid on such Miscellaneous Proceeds, LendetShall not be.required to pay Borrower any interest or eamings:on such
Miscellaneous Proceeds. If the restoration or repair tsnot economically feastble•or Lender's securitywould be lessened, the
Miscellaneous Proceeds.shallbe applied to the aUms securedby this Security Instrument whether or not then due, with the
excess; if any,. paid to, Borrower. Such Miscellaneous Proceeds Shail ba;applied,in the order provided for in Section 2
In the event of a fetal' taking;. destruction, orloss In value o s f the Property; the Miscellaneous Proceed Shall be applied
to the.sums secured -by this Instrument, :whether ur het then ::due with the excess, if any paid to Borrower
In the event of a partial taking,: destruction, or loss in value of the Property in which :the fair market value'of the Property.
Immediately before the partiettaking, destruction, or loss Invalue:Is ;equal to „or,greater than theamount of the sums
;secured by this Security Instrument Immediately before thepartiai taking, destruction, or loss in value, unless Borrower
and Lender otherwise agree ip the sums bythls Security insfrumentshall be reduced by the amount
of the Miscellaneous Proceeds: multiplied, by. the.follow[ng,fraction: (a) the total .amount of the sumssecured immediately
;before, the partial. taking;'destruction or loss Ili. value divided by.(b) fair market value of the Property immediately
before the partial taking, destruction, or Ioss in value. Any balance shall be paid to Borrower:-.
In the event of a partial taking, destruction, or loss Invalue of the Property which the fair market value of the Property
'immediately before the partial taking; destruction Ions in Value is less. than the;amount of the sumssecured
:immediately before the p artial taking; destruction, er loss unless Borrower and Lender otherwise' agree In
writing the Miscellaneous Proceeds shall be applied to the sums secured by this Security instrument whether or not
the sums are then due.
if the Property is abandoned by Borrower, or if after notice by Lender td Borrower thatthe.Opposing Party (as,defined .I
in the next sentence) offers to make an award io settle 'a claim for Borrower'fails to respond to Lender. within
30 days after the date the notice is given,• Lender is authorized to collect and apply the Mfscellaneous Proceeds either
to restoration or repair: of the Property or tc the :sums secured by this S ecurity Instrument whether Dr not Then due.
"Opposing Party” Means the third•_party that owes ;Borrower Miscel Proceeds or the party against whofn
Borrower has a righlof action inTegard to Miscellaneous Proceeds
Borrower shall be in default if any'action or proceeding whether civil or criminal is begun that in Lender's Judgment,
.could result in forfeiture of the Property orother material.impairment of Lender interest in the Property or rights under
"!this Security.lnstrliment. Bon can 'cure;such a default and, if ecceleration has occurred, reinstate as,provfde, .in
Section. l9, bycausing the action or proceeding to be;dism[SSed with 'a ruling that in: Lender's: judgment, :precludes
forfeiture of the Property or other material Impairment of Lender's interest in the Property or rights under this Security
lnstrument.Theproceeds of any award or claim for damagesthat are attributable to the impairment of Lender`s interest
:in the Property are hereby assigned and shall be paidto Lender,
YOMING- Singre, Family Fannie MaelFreddie M ac UNIFORM
W NSTRUMENT Form3051.1/01 Initials:
Ellie Mae; Inc,
Page 5ofS
WY ir 1212
WY UDEED
10121/20410 :OS AM.PST
1
LOAN 1409000004990
All Miscellaneous Proceeds that are not applied to restoration or repair of the property shall be applied in'the order
provided for in Section 2.
12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any
Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors In Interest of
Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borroweror to
refuse to extend time for payment or otherwise modify amortization Of the sums secured by this Security Instrument by
reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by
Lender In exercising any right or remedy including, Without limitation, Lender's acceptance of payments from third
persons, entitles or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver
of or preclude the exercise of any.right or remedy.
13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees
that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security
Instrument but does not execute the Note (a "co- signer"): "(a) is do- signing this Security Instrument only to mortgage,
grant and convey the signer's interest in the Property under the terms of this Security Instrument;. (b) is not personally
obligated to pay the sums secured by this Security Instrument; and (c) agrees thaiLender and any other Borrower can
agree to extend, modify, forbear or make any accommodations with regard to the terms of lhis:Security Instrument ar
the Note without the co- signer's consent.
Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations
under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits
under this Security Instrument. Borrower shall not be released from Borrower's obligations•and under this
Security Instrument unless Lender agrees to such_release In. writing. The covenants and agreements of this :Security
Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender.
:14. Loan Charges.. Lender may charge Borrower fees for services performed in connection with Borrowers default,
for the purpose of protecting Lender's interest in the Properly and rights under this Security:lnstrumeht, including,, but
not limited to attorneys' fees, property inspection' and valuation fees. in regard to any other fees, the absence of express
authority In thls Security instrument to charge ,e specific fee to Borrower shall not be construed as a prohibition on the
charging of such fee.:Lender. may not charge fees that are expressly'.prohiblted.bythis Security instrument or by
Applicable Law.
If the :Lean is subject to a law which sets maximum loan charges and that law is finally interpreted so that the interest
or other loan charges collected or to "be:collected in connection with the Loan exceed the permitted limits, then: (a) any
such loan charge shall be reduced by the amount necessary:to reduce the charge to the permitted limit and (b) any
sums already collected from Borrower which exceeded permitted limits will, be refunded. to; Borrower, Lender inaychoose
to make this refund by reducing the: principal owed, under the Note or a direct payment to Borrower.. If a refund
reduces principal, the reduction will be treated as a_partial prepayment without any prepayment charge (whether or not...
a: prepayment charge Is provided' for' under the 'Note). Borrower's acceptance of any such: refund mad,e'by direct
payment to Borrower will. constitute a waiver of any of action Borrower might have; arising out of such overcharge.
Is Notices: All notices given by Borrower or.Lender in connection with thls Securitylnatrumentmust be In writing.
Any notloe Borrower in connection with this Security Instrument shall be deemed to have been given to Befrowerwhen
mailed by first class mall or when actually' delivered to Borrowe'r's' notice address if sent by other means; lF4otice to :any
one Borrower, shall constitute notice to all- .Borrowers Unless:Appllcable:.Law expressly requfres.•otherwise. The notice
address shall be the Property Address unless' Borrower lies designated a "substitute notice address by notice to Lender.
.Borrower.shall promptly notify Lender of Borrower's change :of address. If Lender specifies a procedure for reporting
.Borrower's change. of address; then Borroweeshalt only report a change of address through that specified "procedure.
There may be only one designated notice address under this Security Instrument "at anyone time. Any.notice to Lender
shall be given. by delivering it or by mailing it by first class'marl to Lender's address•stated herein unless Lender has,
b
deslgnated another address y' notice to Borrower:'Any notice In.connectlon with :this Security Instrument shalt not be
'deemed to have been given until actually recelved by Lender; If any notice required by thls.Securlty Instrument
.1a also required underApplicable Law, the:Applicable Law requirement will Ciliary the corresponding requlrementfinder
this Securityll?strument
•16., Gov`erning Law; Severabdrty; of Construction.: This Security instrument shall be governed by federal
law and thelaw of the jurisdiction In'which the Property •is located. All rights and obligations contained In this. Security
Instrument are,subject to any requirements and limilations of Applicable Law: Applicable Law mightexplicitly.orimplicitly
allow the:partiesto agree by contractor it might be silent, bu such
t silence :shall not be :'construed as a prohibition against
agreement by contract. In the event that any provision or clause of this'Security Inatrument;or the Note •confllots With
Applicable Law, such conflict shall not affect other of this Securlty Instrument or the Note which Can be given
effect, without the conflicting
As in this Security instrument (a) words•of the masculine gender shall mean and include corresponding neuter
.words or, words of the feminine gensingular shall and in
der; (b) Words in the singclude the "plural.and Vice versa and
(c) the Word "may sole discretion without any obligation to talte action
17:• Copy. Borrower shall begiven :one the'Noteand of this Security Tnstrumen't
.18. Transfer of the Property or a Beneficial Interest in Borrower.•As used in this .Section 18 'lnterest:iri the
Property" means any legal or beneficial interest In the Property, Including, but not limited "toy those beneficial Interests
..transferred in a bond for deed, contract for deed, installment sales contractor ;escrow agreement thdintent of which
is the transfer of title by Borrower at a future dateto a purchaser
If all; or any part of the Property or any Interest In the :Property Is sold or transferred ,(or if Borrower.Is not a natural
,.person,arid a beneficial interest in Borrower' id sold or" transferred) w ithout Lender's prior:written •consent, Lender may
:requireimmedfate paymentfn. full of, pit sums secured by this Secur(ty Instrument. However,.. this' option shall riot be exercised by Lender if such exercise: is: prohibited by.Applicable La*.
If Lender exercises this option. Lender shall give Borrower'notice of eaaeleratfon The notice shalt provide a "period,
of not less than 30.days Pram the date :the notice is given in accordance With :Section 15 Within which Borrower pay'
all sums: secured_by:this Security instrument. •IfBorrower falte to pay; these sums prior the, expiration of this period,'
Lender may invoke remedies permitted by. this Security' Instrumentwithouf; notice or`demand on Borrower
19,'Sorrower's,Right to Reinstate After.Acceleratlon.; If Borrower meets certain condltions, Borrower. Shall have
the right to have of this Security Instrument discontinued at any time priorto the earliest of :(a) five •days
before sate of the Property pursuant to any power of sale contained in this Security Instrument; (b) such'other period as
Applicable Law might specify for thelerniination of Borrower's right to relnstate; or.(c) entry of a enforcing this'.
Security ,lnstrument: Those conditions are tfjat_Borrower: (a p ays Lender all sums. which then,:would be'diie under
WYOMING Single Fainily-- Fann■e.Mae]Freddie Mac UNIFORM INSTRUMENT Form 3051'1101. initials:
Ellie Mae. Inc. Page 6 of 8 WYLIt3EED :1212.
WYUDEED
•_10121/20'14 io':o8 AM Psi'
LOAN #:1489000004990
this Security Instrument and the Note as lino acceleration had occurred; (b) cures any default of anyether covenants
or agreements;.(0) pays all expenses Incurred in enforcing this Security Instrument; including, but not limited to;
reasonable attorneys' fees, property inspection and valuation fees, and other fees Incurred for the purpose of protecting
Lender's interest in the Property and rights under this Security Instrument; and (d)•takes such action as.Lender may
reasonably require to assure that Lender's interest !Tithe Property and rights under this Security Instrument, end
Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender
.require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected
by Lender. (a) cash; (b) money order, (c) certified check, bank check; treasurer's check or cashier's check, provided
any such check Is drawn upon an institution whose deposIts are insured by a federal agency, instrumentality or entity;
or (d) Electronic Funds Transfer. Upon reinstatement,by Borrower, this Security Instrument arid obligations secured
hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall riot apply in
the case of acceleration Under Section 18.
2D. Sale of Note; Change of Loan •Servlcer; Notice of Grievance. The Note or a partial Interest in the Note
(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might
result in a change In the entity (known as the 'Loan Servlcer") that collects Periodic Payments due under the Note and
this Security Instrument and performs other rriortgage.loan servicing obllgatlons under the Note, this Security
Instrument, and Applicable Law. There also: might be one of 'mere changes; of the Loan Servlcer unrelated to a sale of
the Note. If there Is a change of the Loan Servlcer, Borrower will be given written notice of the change' which will state
the name and address of the.new.Loan Servicer,. the address to which payments should be made and any other`
Information RESPA requires in connection with a notice of transfer of servicing. If. the Note is sold and thereafter the Loan
is serviced by a Loan' Servicer other than the purchaser of the Note, the mortgage loan servicing 'obligations to'Borrower
will remain With the Loan Servlcer or be transferred to a Successor LoanServicerand are not assumed by the Note
purchaser unless otherwlse provided by the Note purchaser.
Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant
or The member of a class): that arises from the other party's actions pursuant to thls Security Instrument or that alleges
.that the other party has breached any provision of or any duty owed by reason of this Security ,Instrument, Until such
Borrower or Lender has notified the other party (with such.notice given in compliance With' the re4uIrenients of Section
15) of such alleged breach' and afforded the other party hereto a• reasonable period after' the giving of such :notice to take
corrective action. if Applicable Law provides a time. period which :must elapsebefore certain action' can be taken, that
time:period will be deemed to be reaSonabla for purposes of this' paragraph. The notice of acceleration and opportunity
*mire given to Borrower pursuant Section 22 and the nottca of acceleration. given to Borrower pursuant to Section
18 Shall be deemed_to satisfy the' notice and opportunity to take corrective ection,provisionsof this Seotion.20.
21. Hazardous Substances. As used in this Section 21: (a) ;'iiazardous Substances arethose Substances defined
as toxic or hazardous substances pollutants, 'or_wastes by Environmental Law'and the following substances: gasoline
kerosene, other flammable or tozrc petroleum; products,' toxic' pesticides and herbicides; :volatile solvents, materials
•containing asbestos or formaldehyde, and radioactive.materiais;.(b) "Envlro i_mental Law'.' means federal Favis and laws
of the, jurisdiction• where the, Property Is located •that relate to health,, safety or environmental' protection; (c)
"Environmental Cleanup" includes any response• action, remedlal action, or removal action; as defined. In ;Environmental
•Law;'and (d) an:" Environmental Condition':. means a condition that can cause,'contribute to, or otherwise trigger an.
or threafen'to release any Hazardous Substances on or in fha Pro ert Borrower.
Environmental Cleanup.
Borrower'shall not•cause or permit the presence use disposal storage or release of any Hazardous Substances,
y p y shall not do. nor allow anyone elsehi.do,
anything. affecting the Property (a) that Is in violation of any Environmental Law.,(b).which creates an Environmental Condition,
or (c) which,.due to the presence, use or release of afiezerdous'Substance creates a condition thet affects the
value of the Property. The,preceding.two sentences shall not apply ;to the presence; use or storage do the•Property of
small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses
and to:malntenanceof,the Property (Including, but not limited to hazardous substances to consumer products)
.Borrower shall promptly glya Lender written notice of (a) any investIgatIon, Clafm, demand, •lawsuit or other. action
by any: governmental' or regulatory agency or private: party involving the Property :any ;Hazardous Substance or."
Environmental Law:of which Borrower has' actual knowledge, (b) any Environmentai Condition,'inctuding but riot limited:
to, ariyspilling,`_leakrrig, discharge, release.or threat of release .of any Hazardous Substance, and (c) •any ;condition
.caused by the presenae,'use or.release of a Hazardous Substance whlch;adversely affectsthe value of the Property.
If Borrowerlearns,.or is notified.by any governmental or regulatory authority,_or any private party, that any removal or
other remedietrron.of any Hazardous Substance affecting the Property Is necessary Borrower shall .promptly take.all
necessary remedial actions;in accordance withEnvironmental Law. Nothing' herein shall create any obligation on Lender
'.for an Environmental Cleanup,
NON- UNIFORM COVENANTS Borrowerand Lender further covenant•and agree as follows
22. Acceleration; Remedies, Lender shall give notrce,to,.Borrot er-priorto acceleration following Borrower's
breach of any covenant or agreement fn .this Se Instrument (but not prior to•:acoeteration_;under Sectional 8
'unless Applicable Law otherwise). The notice' shall specify,, (a) the_default; (b) theaction required to
cure the default; (c) a date; hot less th 30.days from the date the notice is•given:toBorrower, by which the default
must be cured;•and :(d) that failure to cure the default or before:the date.specified. in the notice may result in
acceleration of the sums secured by this Security instrument and sale the The'notice shall further..
Inform. Borrower of the to rernstateafter acceleration and the:rlght to bring: a.;court action to assert the non
existence of a default or any other defense of Borrower to acceleration and safe: If the default is not cured on
or before the date specified In the notice, Lender. at its option may require immediate payment in full of all sums
secured by this Security,lnstrunjent without further demand and may invoke the of sale and any other
remedies permitted by Applicable' Law. Lender shalf. be. entitled. to coile rt_all expenses incurred. in pursuing the.
remedies provided in this Section 22, including but pot limited to, reasonable attorneys',feasrand oasts of title„"
evidence
If Lender in the power of sale ,'Lender shaft give noti
n ce of lntent to foreclose to 13orroWer and. to the
•person_inpossession of .theProperty, if different, in accordance wlthAp Law. Lender shall give_notice
of the sale: to- Borrower. in the manner in Section 15,L400 Shall shall publish the notice of sale,,arid,the
Property'shall be sold: in the manner' prescribed by Aplilicable, Law: Lender or ifs designee.ntay purchase the
Property at any sale. The proceeds of the sale shall be applied in the following order: (a):to all expenses of the
.•sale, including, but not limited to, reasonable attorneys' fees;.(b) to all sums secured bythis SeeUrity Instrument;
and (c) any excess to the person or persons legally entitled to it
WYOMING-- SingleFaintly F Mac UNIFORM__ INSTRUMENT i:151 1/01'
Ellie Mae, In c, .Page 7 of 8
Initials;
WYUD -D 1212
V/YUDEED.
10/21/2014 0:08AM PST
LOAN :1409000004990
23, Release, Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security
Instrument, but only if the fee is paid to a third party for services rendered and the charging of the fee is permitted under
Applicable Law.
24, Waivers, Borrower releases and waives all rights under and by virtue of the homestead exetnptlon laws of
Wyoming.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any Rider executed by Borrower and recorded with it.
State of WYOMING
.County ofTEto „I�t��tE�
Thls instrument was acknowledged befo the on l JCs tr 2 r'y (date) by
RAYFORD KENNETH CROWSON AND CHERYL ANN CROWSON (name(s) of person(s)),
(Seal, if any)
LISA'HATCLHER NOTARY:PUl3'LIC
County at FNf State of
Li ricolrt Wyorr iih
Nly Comni.'tbsion Expres: 6; Mardi 201:%
Title (and Rank)
My commission expires
Lender: Centennial Lending, LLC
NMLS ID: 3056
Loan Originator. Linda Marie Stabile
NMLS ID: 273903
WYOMIN�•Single Family- •Fannie MaelFreddie'Mas UNIFORM INSTRUMENT Form 3051 1:101
.Ellie Mae, Inc. Page 8 of 8..
lnittals: L
WYUD 1212
MIYUDEED
10/21/201 AM 1?$T
That part of the S'/2E/4 of Section 31, Township 31 Nortkl*ge 118 W.eSt;Lincoln.County, Wyoming,.
described as follows: Beginning at a point on the Southw esterly right-ok.vayline of State Eighty 89,
S36°56.6T, 64829 feet from Station 830+39,60,75' rt, on said right-of.way line aO.N65
feet from the Southeast corner of said SY21\ thence 836°56,6T,.547,44 feet along saidright,-.ot.Way line to
4 point; thence N89'5 559.911reet to a point on the Bast 4neof of the Cottonwood Amended
Stbdiision of record in the Office of the Clerk of Lincoln County as Nat No; 223,.N01°03'.,E, 21,82feet
frot the Southeast Corner of said Lot 14; thence NO1°03.2'E,141,55 feet along the East line of the said
subdiliisionto the Southwest Corner of Lot 5 of sici feet a long the
South lined said Lot 5 to the point 01)egiinning,.;
LOAN 1409000004990
SECOND HOME RIDER
THIS SECOND HOME RIDERIs made this 22nd day of October, 2014 and
is incorporated into and shall be deemed to amend and supplement the Mor
Deed of Trust, or Security Deed (the "Security Instrument of the same date given b
the undersigned (the "Borrower," whether there are one or more persons undersigned.
to secure Borrower's Note to Centennial Lending, LLC,a Limited Liability Company
(the "Lender
of the same date, and covering the Property ;described in the Security Instrument (the
"Property which is located at 78271 Highway 89, Smoot, WY 83126:
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....Occupanc 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.rentel or
agreement that requires Borrower eitherto rent the.: Property or give a management
firm orany other.person any control over the occupancy or use of the Property.
.B.. :Borrowers :Loan App cation. ben defaultif,.during the....
Loan'�application :process, Borrower or any persons or entities i acting. `a the
direction of Borrower or with Borrower's knowledge or.consent gave. materially
false, misleading, or inaccurate information td; Lender,(or failed to
provide Lender. with material information) it connection.•with'the Loan. Material
representations.include, but•ar.:e:not limited .to,•representations:concerning
.Borr'ower's occupancy of the,; as Borrower's second home.
•BY SIGNING BELOW, Borrower accepts and agrees to the, terms and covenants
contained'in this Second Home Rider,
MULTISTATE SECOND HOM RIDER• Single Family, Fannie MaelFreddlo Mae UNIFORM INSTRUM
Form 3 890 11.v1 :Initials:
Ellie ih ?Page 1 of 2' F3890 ':0307 F389
111'M/2014 07:47 AM PST
LOAN 1409000004990
MULTISTATE SECOND HOME RIDER Single Family- Fannie MaelFreddfe:Mac UNIFORM INSTRUMEN N7L..r
Form 38901/01 Initials t,
Mao .P.4ide F389 U b307
Fa890RLU
_1012112014 07;47 AM PST
1