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HomeMy WebLinkAbout979145Return To: I. S Bank Ffome Mtg- -Final Doc 7601 Penn Ave S, Ste Al Richfield, MN 55423 PrB Judy Vxchoa. 4801 Pxederica Street Owensboro, KY 42301 DE INTITONS I Spoce Above This Line For Re orafnr Am] MORTGAGE Words used multiple sections of this do(umcat are defined below food other words are defined is Sections 3, 1I, 13, 18, 20 and 21. Certain roles regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated10 /24/2014 together with all Riders to this document (B) Borrower" is MLCM= Visiaasumt and ICAITMEM E. IRELIADDR*i, husband and wife Borrower is the mortgagor under this Secur-sy Insaument. (C) "Lender "is Lender is a 14ational Association organized and existing under the laws of The limited States of America Lender's address is 4801 E`rederica Street, Owensboro, AX 42301 Lender is the mortgagee under this Secndty Imo *nere WYOAl11W -$1ny4 Foy- Fns�'y Ma&Fi06ds tae L'NlFON. i,er (r 72 VMPR W'era)OUwet Frvo.t Seri( s 979145 10/31/2014 11:51 AM LINCOLN COUNTY FEES: $63.00 PAGE 1OF 18 BOOK: 842 PAGE: 485 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK 11111111 111111 1111 111111 1111111 111111 11111 11111 11111 11111 1111111011 I I I 1 1111 1111 D V6WY Form 90511701 VIOPII(WY) (1202) Pepe 10e16 (D) 'vote" means the promissory note signed by Bo wer and dated 10/24 /2014 The Note st ltes rtra- Borrower owes Lend= Two ExmcIred Sixty —Ne Thousand Five Hrmdred and 00 /100ths (U.S. S2 69,500_00 plus interest. Borrower has promised to Dollars pay this debt in regular Periodic Payments and to pay the debt in full not later t November 01, 2044 (E) "Property" means the property that is described below under the heading "Transf= of Rights in the Property (k) 'Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late a to ges due under the Note, and all sums due under this Seem Insnvmmt, plus inttrest. (G) "Riders" means all Riders to this Sec-miry Ins mxntt that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: Adjustable Rate Rider iu Condominium Rider LxJ Second Home Ride~ u Balloon Rid= Planned Unit Development Rider n 1-4 Family Rider VA Rider E Biweekly Payment Rider Other(s) [spethfy] (R) "Applicable Law" means all wit ollmg applicable federal, state and local statutes, regulation, ordinances and administrative roles and orders (that have the effect of law) as well as all applicable Enai, non- appelable judicial opinions (1) "Community Association Dues, Fees, and Assessments" menus ell dues; fees, assessments had other charges that are imposed on Borrower or the Property by a condoadnitun association, homeowners association cr sbaflr organization. (3) "Electronic Funds Transfer" means any transfer of fends, other than a t aasacsion originated by check, draft, or shawl= paper instrument, which is initiated through an electronic terminal, telephonic instr+TM+eet, computer, or magnetic tape so as to order, astr, act, or a:whorizo a Financial iustitndon to debit or credit an =omit Such term includes, ben is not limited to, point -of -sale cansfers, automated teller machine transactions, taunters initiated by telephone, wire trans ers, and an:omated clearinghouse transfers. (EC) "Escrow Items" mesas those items that are descried in Section 3. (L) "lvitsce1 aneoas Proceeds" means any compasaation, settlement, award of damages, or proceeds paid by any tbfr &party (other than insurance proceeds paid ruder the coverages described in Section 5) for (1) damage to, or destruction of, the Property (iii) condemnation or'otber taking of all or any part of the Property. Ctii) conveyance in liar of oondr 'vwion; or (iv) moons of, or emissions as to, the value and/or condition of the Property_ (M) "Mortgage Insa since" means insurance protecting Lender against the noupaymem of, or dcfanit on, the Loan. (v) 'Periodic Payment" r' t the regularly schatrl t amount dne for (t) principal and interest under the Note, plus (ii) any amours modes Section 3 of this Security Instrument (0) iESPA "means the Real Estate Settlement Procedures At (12 U.S.C. Sxticn 2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from tithe to time, or any additional or successor legislation or regulation that governs the same subject mattes. As used in this Security Instnimenr, "RFSPA" refers to all requirements and anilions 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 WYOMIte -$11070 Fut0y- Mae(liadd0w UW LVSTRUK r2 1 VU1g5 WCkMa quwar RnanCd Somers D VBWY Fon., 0061 1)71 VMPOIWY) 113021 Pop r2 of 18 (P) "Successor in Interest of Borrower" means any party that has taken ti^t1e to the Proper ly, whether or not that parry has assuncd Borrower's obligations made: the Note and/or this Security Instrument TRANSFER OF RIGHTS Lti I tie PROPERTY This Security Instilment scares to Lender: (u) the repayment of the Loan, and all renewals, extensions and nwtFfications of the Note and ()a) the performance of Borrowe s cove nznu.arid agreemmers tinder this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successes and assigns, with power of sale, the following described property located in the County of Lincoln [TYPc of irzozdag 3r_'isdico✓an] j lasae of Roan Imisdicteroal LOT 14 OF THE SALT Rmvza EETGETS SUBDIVISION ACCORDING TO TEE PLAT RECORDED MARCE 20, 1973 AT DOCUMENT NO. 445666, IN TEE OFFICE OF THE C —ERE, LINCOLN COUNTY, WYOMING. Parcel ID Number: 1233191210202200 which currently has the address of 1300 Fi 11 gi de Loop [L] Tbayne [City], Wyoming 83127 7.p Code] CProperty Address TO R w1TH all the improver'.ere's now cr hereeer exacta: on the property, and a3 easements, apprntnr/nces, and fixtures now or hereafter a part of the property. All replacemects and adt&tions shall also be covered by this Security Instalment .AXI of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Boaown is lawfully seised of the estate hereby conveyed and has the right to mortgage, gnat and convey the Property and that the Pro mty is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any e3carbrnnxs of record. T 1S SECURITY NSIRLIMENT combines 'naifarm covenants for national use and non- tmifonn covenants with limited variations by jtu=isdiction to constitute a uniform security instrument covering real ProPertY 22ooca2a1 wYn1WN4 Famty -Fanoj Mae/Fndd Yea LM11FORtl D'.$^.'ign1LAT Wcew Wc5 ldwvr Anwdp $pvk• 0 VVWY Fonn 3061 1.101 VMaecvm 03C2) Pace 3 of 10 i7NIFORM COV ANTS. Borrower and Lea= covenant and agree as follows: I. Payment of Principal, Interest, Escrow Items, Prepayment Charges, nd Late Charges. Borrower shall pay when due the principal o£ and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower Shall also pay fntds for Escrow :.ems pursuant to Section 3. Payments due under the Note and this Security Instrement chaTT be made in U.S. currency. However, if any cheek. or other incr nneot received by I.encl as payment under the Note or this Security Imam:nem is Gunned to Lender unpaid, Lend= may rex}td;'e that any or all subsequent payments due under the Note and this Sectaity Instrument be made in one or more of the following fo.-nrs, as selected by Lender: (a) (b) money "order, (c) arti.ed check, bank check, treasurer's check or cashier's cheek, provided any sach check s.drawn upon as institution whose deposits are insured by a federal agency, insturtneatality, or entity; or (d) Electronic Funds Transfer. Payment are deemed received by Leader when received at the location designated in the Note or m such other location as nmy be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current Lender may accept any payment or pa: tal paymsut insufficient to bring the Loan ac m without waiver of any rights herectuder or prejudice to its rights to refuse such payment or partial payments in the future bur Leader is not obligated to apply such payment at the time such payments are accepted If each Peeiodic Payment is applied as of its scheduled due date, then Lender need not pay tterea on tn;.applied &suds. Lender may hold such =applied funds ttehil Borrower makes payment to bring the Loan current X.f Borrower does not de so within a reasonable period of time Lender shall either apply =It finds or return them to Borrower_ If not applied earlier, such fines will be applied to the outstanding principal balance sunder the Note immediately prior to foreclosure_ No offset or claim which Borrower might have now or in thc fsture against Lender shall relieve Borrower from making payments dne tinder the Note and this Security Instrt=ent or performing the covenant and age eemcnts seamed by this Security Insu 2. Appbcation of Payments or Proceeds. Except as otherwise described in this Section 2, all payment accepted and applied by Lender chaff be applied in the following order of'priority: (a) intmest due under the Note; (b) principal dee under the Note; (c) amornrs dnc under Section 3. Such payment shall be applied to. each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to Late cbarges, second to any other amounts due under this Sec-Laity Instrument, and then to recbace the principal balance of the Note. If Lender receives a payment from Borrower for a dcioqucnt Periodic Payment which includes a su7 Tcient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge_ If more than one Periodic Payment is outstanding, Lender may apply any payment received f. t..un Borrower to the repayment of the Periodic Payments if and to the extent tkat, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any Late ohurges due. Volentary prepayments shell be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Misceil.2neou s Proceeds to principal due under the Note shad not =mad or postpone the due date, or change the amount, of the Periodic Payments. 3. Fends for Escrow Itemas. Borrower cvatl pay to Leader on the day Periodic Payments are due under the Note, dsml the Note is paid in fell, a sum (thc 'Panda") to provide for payment of amounts due fur. (a) mces and assessneats and other items which can attain priority over this Security Instrument as a WYOMING -S51e Furry Fenni MeaRm Me. e. UNIFORM ItsS•,RwesE 21 Waters KWw.r Fnerdel Service, r. yew.? Foam 30n 1/91 VP) (1399 P.Q 4 or 18 lien or encumbrance on the Property; (b) 1casebold payments or ground rags on tie Property, if any; (c) prerekans for any and an insurance rggsixid by Lander ender Section 5; and (d) Mortgage In str=ce prernimin% if any, or any sums payable by Borrower to Lender in Lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These it are called "Escrow Items." At origination or at any time durag the terra of the Loan, Lauder may require that Community Association Dues, Firs, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assassineers shall be an Es.^row Item. Borrower s11111 promptly furnish to Lender all notices of a^aotmis to be paid ender this Section_ Borrower shall pay Lender the Ftmds for Escrow Itrrns unless Lender waives Borrower's obligation to pay the Funds for any or an Escrow Wens. Leader may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any hmn Any such waiver may only be in writing In the event of each waiver, Borrower wall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Leader requires, shalt famish to Lend= receipts evidencag sack p;ymeut within such time period as Lender may require. Borower' s obligation to make each payments and to provide receipts sha11 for all purposes be deemed to be a cove ant and agreement contained in•tbis Security Instrument, as the phrase "covenant and ageement" is used in Section 9. If Boaowet is obligated to pay Escrow Items direcly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Banowr wall the be obligated trader Suction 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrowm shall pay to Lend= alI Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified ender RESPA, and (b) not to exceed the enndmtmt amours a lender can require under RESPA. Leader shah estimate the aunotmx of Funds due on the basis of =rent data and reasonable estimates of expenditures of fate Escrow Items or oth=csse in accordance with Applicable Law. The Funds shall be held in an invitation whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lend= shall apply the Funds to pay the Escrow It.rrs no later then the time specified umdes BESPA. Leader shall not charge Borrower for bolding and applying the Funds, =really analyzing the escrow account, or verifying the Escrow Items, taxless Lender pays Borrower interest on the Fonds and Applicable Law permits Lender to make etch a charge. Unless an a eement is made it writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any intmest or earnings on the Funds. Borrower and Lender can agree a writing, however, that interest sb ll be paid on_ the Funds Leader shall give to Besower, without charge, an annual accounting of the Farads as required_ by RESPA- If there is a surplus of Funds held in escrow, as deemed mad= RESPA, Lender shall account to Borrower for the excess fends ie accordance with. RESPA. If there 'is a shortage of Funds held in escrow, as defined umdtx RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shay( pay to Lender the amount necessary to make up the shortage in aceordaace with RESPA, bur in no mare than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined umdcr RESPA, Lender shall notify Borrower as required by RESPA, and Borrower Shan pay to Leader the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment a full of all sums seared by this Seaariy Instrument, Lender 4'4 promptly re ur d to Borrower any Furids held by Lend= WY0Me1V glu Celnpy -Feme Mee'FrccSe Mm =NW NSTRt MENT ‘03212 VMP eip W4.7. aAvar rRnancial SeNrtea 3 vewv Fpm 3051 1101 V160aM1.Y) risen Papas d le 4. Charges; Liens. Bamowcr shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Secarity insr-ament, Ieace'told payments or ground rents ern the Property. if any, and Commtmity A=cizrion Dues, Fees. and Assessments, if any. To the extent that than items are Escrow Items Borrower cKal1 pay them in the mum= provided in s 3. Borrower shall promptly tli '-large any Hen which has priority ova this Security Dent toles Borrower (a) agrees in writing to the payment of the obligmion secs= by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreemeo (b) contests the lien in good faith by, or defends against =foramen of the lies in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending but only until such proceedings are concluded; or (c) secres from the holder of the lien an agreement sari rtory to I f r subordinating the iento this Security Instrument IfLenderdeteuminesthatanypartofthePropertyissubjecttoa lienwhich, can attain priority over this Security Instrument, Lender may give Bouuwei a notice identifying the lien_ Within 10 days of the date on which that notice is giver, Borrower shall satisfy the lien or eke one or more of the aeons set forth above in this Seed= 4. Lender may require Borrower to pay a one -tame cbage for a real estate tax verification and/or reporting service used by Lender in connection with tail Loan. 5. Property Insnzance. Borrower .11,11 keep the improvements now existing o_ herea:.rs =cited on the Property insured against loss by fire, hazards ittelnc(wt within the tin= uuded coverage," and any other hazards including, but not limited to, enthquakes and floods, for wbicb Lender recrahres innnance. T1tis insurance 01,11 be maintained in the anounts (including deduarble levels) and for the periods that Lender requires. What Lender requires pursu=it to the preceding sentences am change fining the term of the Loan_ The insurance ca=er providing the insurance shall be chosen by Borrower subject to Leech's right to disapprove Borrower's choice, which right t1 li not be exercised tmzeasonably. Lender may require Borrower to pay, in connection with this Loan, either (a) a one -time charge for flood one derma ^on, certification and tracking services; or (b) a one -time ob og for flood zone determination and certification services and subsequent charges each dine =mappings or changes am= which reasonably might aff ct sac$ drtennination or e.mdfication. Borrower shal. also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to ma,nr,;n any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's arse. Lender is under no obligation to pored any particular type or amotmt of coverage. Therefore, Bach coverage shall cover Lender, but 'might or might not protect Borrower, Borrower' s equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide great= or lesser coverage than was previously in effect Bomoaer aclmowledgcs that the cost of the insurance coverage so obtained might significantly amend the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender tinder this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These moa shall her interest at the Note rue from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment All insurance polices required by Lender and renewals of such policies shall be subject to Lenders right to disapprove such policies, eha11 Meinde a standard mortgage clause, and shall name Leader as mortgagee and/or as an add ti nil loss payee. Lender shall have the rignt to hold the polices and zatcwal certificates. If Lender requires, Borrower shat promptly give to Lender all scalps of paid premiums and renewal notices. If Borrower obtains any forms of insmana coverage, not otherwise required by Lender. W^'ONJNC ZMas8S215 VAt M 5 Fatally Mae =FORM U. "�RJME`T Waken quwy Fnanda! Soviet.. D WSW Frnn 3051 1/01 VMYO(WYJ (13on Daps e of 10 for damage to, or destrucCon of, the Property, such policy shall include a standard mortgage clause and shall name Lender as m°rvagee and/or as an additional loss payee. In the evert of loss, Burrower sh211 give prompt notice to the insurance carrier and Linder_ Lender may make proof. of loss if not made promptly by Borrower. Unlcs% Lender and Borrower otherwise agroc in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be appied to restoration or repair of the Property, if the rcszoration or repair s economically feeble and Lender s security is not lessened_ Dining such repair and restoration pmiod, Leader shall have the right to hold such insurance proceeds tmai Lender has had an opportunity to inspect such Property to ensure the work has been oomptacd to Lender's satisfaction, provided that such inspection shall be undamken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the we-3c is completed. Unless an alpeement is tirade in wrung or ,Applicable Taw regtrres interest to be paid on such insurance proceeds, Leader shall not be required as pay Borrower any interest or earnings on snrah proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the imuiaace proceeds and shall be the sole obligeCon of Borrower: If the restoration or repair is not economically feasible or Lend... -^'s security world be lessened, to insurance proceeds zR'1l be applied to the sands seemed by this Security tree ,.^t, 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 arty available insurance claim and related matters If Borrower does not respond within 30 days to a notice from Lender that the insora a Barrier has offered to settle a claim, then Lender may negotiate aad settle tin- Hahn The 30-day period will begin when the notice is given. In cthhcr even:, or if Lender acquires he Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any ins ranee proceeds in an amour; not to exceed the amounts tmpeid rrnrl ;r the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insuranc policies covering the Property, insofar as such right% are applicable to the coverage of the Property. Lender may Inc the insurance proceeds either to repair or restore the Property or to pay amounts unpaid tinder the Note or this Security Lustnnneznt, whether or not then due. 6. Occupancy. Borrower shall occupy, establish and use the Property as Borrower's principal residence within 60 days after the execution of this Scarcity city Lnumrment and shall continue to occupy the Property as Borrower' s principal residence for at least one year after the date of =up :racy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably with1vid, or =less extenuating eircamstanoes exist which are beyond Borrower's cantoL 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destoy, dame or impair the Property, allow the Property to deteriorate or commit waste on the Property. Wheth— or not Borrower is residing in the Property, Borrower shall main ,in he Property in order to prevent the Property from deteriorating or decreasing in value due to its condition Unless it is determined pc>rsuant to Section 5 that repair or restoration is not economiclly feasible, Borrower shalt promptly repass the Property if damaged to avoid farther deterioration or darutgc. If insenance or condemnation proceeds are paid in cannecrion with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lends- has released proceeds for such purposes. Lcndcr may disburse proceeds for the repairs and restoration in a single payment or in a series of w payments as the work is completwt If the ir+smanee or condemnation proceeds are not sufficient 22004832:2 WYOMNG gray F, ay- Fenny Mega-torkso Mac DDIFORM *STRUMENT wvR Wolters Kluww Faaunciae $ervecee r wow a/e, vM➢6fWY1 fr M Ae0e748 to repair or restore the Property, Borrower is not relieved of Borrowm-'s obligation for the wean, leion of such repair or restoration. Lends or its agent may make reasonable entries upon and inspeecticns of the Property. If it has reascnable cause, Lender may haspect the interior of the iszprove mats on the Property_ T mde— shall. give Borrower notice a: the t^me of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Application_ Borrower be in default if, dicing the Loan application promss, Borrower or any persons or entities acting at the direction of Borrower or With Borrower's knowledge or consent gave materially fak misleading, or inaccurate information or sr"emenn to Lender (or failed to provide Lender with 7s »i.al information) in conneodon with the Loan. Material repeesreitarions include, but are not limiter to, representations concaving Borrowe's ocat?ancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument If (a) Borrower 5ts to perform the coven= and agreements contained in this Security Instrument, (b) there is a legal proceeding that might signiieantiy affect Leader's inter= in the Property and/or rights n da this Security,Iusinn:= (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a Het which may attain priority over this Security in u m e nr or to enforce laws or regulations), or (c) Botiower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lend&s interest in the Property and tiers under this Security Instrument, i n d u d b a g protecting and/or irc.c i g the value of toe Property, and securing and/or r epacmg the Property. Lender's actions cm include, but are not limited to: (a) paying any stmu seemed by a lien which bas priority over this Security Inr'^,mtan (b) appearing in cotrq and (c) paying r'eascnable attorneys' fees to protect its interest in the Property and/or rights under this Suavity Irstrument, including its secured. position in a bmkruptcy prooecchng. Securing the Property incinds, bur is not limitxl to, catering the Property to maim repairs, change locks, replace or board up doors and whidows, drain water from pipes, eliminate building or other rode violations or dangerous conditions, and have utilities named on or off Although Lender may take action under this Section 9, Lander does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability the not taking any or all actions authorized under this Section 9. Any amounts disbursed by Leader tinder this Section 9 sIvil biome additional debt of Borrower secured by this Security Instrument These amounts ssatl bear interest at the Note' rate from the date of disbursement nt and be payable, with such interest, upon notice from Lender to Borrower resting payment If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower =gar' es fee title to the Property, the leauhold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Inmranee. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Ins ranee in. effect If. for any reason, the Mortgage Insurance ooveragt require' ti by Lender ceases to be ar able from the mortgage insurer that previously provided such insurance and Borrower was required to matt si.p.uately designated payments towaid the prerninHais for Mortgage Insurance, Borrower shall pay the premiums reed to obtain coverage substantally equivalent to the Mortgage Instance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Tnstraace previously in effect, from an alternate via. '.�.y NG b ruray- F.004 MselPrWfn Mao ut1O 04 :t1:Tran tr 22IXK8921 T Wakes %1W +�f FrtanderZervka4 o WAVY form7061 1,91 vmmwoa mortgage insurer selected by Lender. If stiostaala.ly egntivalent Mortgage lnsa.^anee coverage is not avrr3able, Borrower el-all continue to pay to Lender the amount of the sepr-ately designated payments that were doe when the insurance coverage used to be in effect. .Lender will accept, use and resin these payments as a non-refundable loss reserve i lies of Mortgage Insirence, Such loss reserve shall be non- rcfimdable, notwithstanding the fact that the Leen is ultimately paid it full, raid Lender than not be required to pay Borrower may interest or earnings on scab loss reserve. Lender can no tongr require Loss reserve payments if Mortgage Insurance coverage (in the amounnt and for the period that Lender requdres) provided by an Mgr= selected by Lender agaha becomes available, is obteitwl, and Lard= negates separately design ww1 payments toward the premieres for Mortgage lnsur-nce. If Lender required Mortgage Insurance as s condition of malemg the Loan and Borrower was regnired to make separately designated payments toward $e prercdurns for Mortgage Insurance, Borrower chill pay the premiums required to maintain Mortgage Insurance in effect, or to provide a ram-refundable loss reserve, =al Lender s requirement for Mortgage L-utuace ends in accorelaure with any written agreement between Borrower and Leader providing for such termination or maul termination is required by Applicable Law. Nothing in this Section 10 affects Borrowed s obligation to pay interest at the rate provided in the Note. Mortgage Insurance rambtnses Lender (or any entity that purchases the Note) for certain losses it may inem ifBorrower doesnotrcpaythe Loan as agrenL Borrower is not a pasty to the Mortgage Insurance. Mortgage insures evaluate their total risk on all such irseaance in force from tame to time, and may eat= into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage it rer and the other party (or parties) to these agreements. These a eits may require the mortgage insurer to make payments using any source of fiends that the mortgage insurer may have available (which may inrinde funds obtained from Mortgage Insurance premiums). As a result of these ag eeoaeuts, Lender, any purchaser of the Note, another insurer, any rein ter, any other entity, or any of fil izte of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower' s payments for Mortgage Inszraeee, >n exchange for sharing or modifying the mortgage insures risk, or reducing losses. If such agreement provides that as affiliate of Lender takes a share of the insure e risk in exchange for a sharp of the premiers paid to the rose n the arruigecrent is own termed "optive reinsnraanen" Purtvser. (a) Any such ag n ments "well not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower wits owe for Mortgage Insurance, zed they writ not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has if any with respect to the Mortgage Insurance raider the Homeowners Protection Act of 1998 or any other law. These rights mayinclude the nipht to receive certain disclosures, to rat/nest and obtain =mediation of the Mortgage Insurance, to have the Mortgage Insurance terminated antomatically, and/or to receive a refund of any MortgageTnsnrancepren umsthatwereunearnedatthet meofsuchcancellationortermination. 11. Assignment of 1vEscellzneoes Proceeds; Forfeiture. All MxsceIIzneovs Proceeds are lam-day assigned to and tl•all be paid to Lender. If the Prope^y is rl- rr7ged, such Miscellaneous Proceeds shalt, be applied to restoration or repair of the ,Pope ty, if the restoration or repair is economically feasible and Lender's soarity is not lessened During such =par and restoration period, Lender shall have the right to hold such Mlscellatteous Proceeds until Leader has had an opporumity to inspect such Property to ensure the work has been completed to Lender's sati eretion, provided th+t such inspeclion 01111 be :undertaken promptly Leader may pay for the WY0M 2200489212 7F0 wYOM SIV:o Fairy -ruv3e UnaFre Mac UNIFORrt INMUM ENT wotc.rs Aiwa, Fi"rrid SoMe.a e aen VG WY 1 eon Pape 10 repairs and restoration in a single disb,usement or in a series of prog=s payraerus the work is completed. Unless an agreement is made in writing or Applicable Law rimes interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the rein oration or repair is not i oonomicac'ly :feasible or Lender' s security would be lessened, the Miscellaneous Proceeds alkali be applied to the sums seemed by this Security Instrument, wheher or not tlm due, with the excess, if any, paid to Boz<ower. Such Miscellaneous Proceeds shall be applied in the ordc provided for in Semi= 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Seurity Instrument, whether or not them due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Propeny in which the fair market value of the Property immediately before the partial raking, destruction, or loss in value is equal to or than the amount of the sums soured by this Security Instrument immedi tety before the partial taking, destruction, or less in value, unless Borrow and Lender orbarwise agree era writing, the sums scored by this Security Instztnnent shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction (a) the total auou nt of the sums secured imrlrYii'tely before the pa luau taking, destruction, or loss in value dividsd by (b) the fair market value of the Property immediately before the pm-dal taking, destruction, or loss in value, Any balance Shall be paid to Btrrows- In the event of a partial takng, destruction, or Ioss in value of the Property in which the fair marke value of the Property imrlriliarky before the partial taking, destruction, or loss in value is less than the amount of the suns seemed immediately before the partial taking, deacruction, or loss in vale:, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the stms seared by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrows, or if, of rrr notice by Lender :o Borrower that the Opposing Party (as d..med in the next sentence) offers to make an award to st.ttte a claim for damages, Borrower fails to respond to Lender within 30 days after the Aare the notice is giveq Lcoder is alhhorized to collect and apply the Miscellaneons Proceeds either to restoration or repair of the Property or to the sums secured. by this Security Instrument, whether or not hen. doe "Opposing Party" :Weans the third ply thaw owes Borrower Miscellaneous ProceMs or the party against whom Borrower has a right of action in regard to Miscellaneous Pro Borrower shall be in de r alt if any action or proceeding, whether civil or cirninal, is began than, in Lender's judgment, could resslt m forfeiture of the Property or other m: terial impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower rim erne mica a default and, if acceleration has oec rred,'reinstete as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling ::a: in Lender's judgment, precludes forfeiture of the Property or other material impairment of Leader's tat. wt in the Property or rights under this Seurity In=tecterm The proceeds of any award or claim for damages that are atnibu ble to the impairment of Lender' s interest in the Property are hereby assigned and shall be paid to Lender. All Mis,x1laneous Proceeds that are not applied to restoration or repair of the Property x11'11 be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Nut a Waiver. lion of the time for payment or mcldirication of amortization of the sums secured by this Security Instrnmcnt granted by Lender to Borrower or any Successor in Interest of Borrower sha11 not openne to release the liability of Borrower or any Su ccesso'-s in Interest of Borrower. Lender shall not be required to commence proceedings against 2200489212 WiOMLNG :web F.Ny- Pantie Mom aide M. UN:FORM aesi jMsNT WY* Wotws Kluwer Fnrdr actin. a VGWY Comm 3CSt ,1O, VM2e WYp (10021 Pupo10 or 16 any Successor in Interest of Borrower or to refuse to mend time for naymcot or otherwise modify amortization of the seas seamed by this Seamity Instzurne t by reason of any demand made by the otgi z l Borrower or any Successors in Inter= of Borrower. Any forbear ance by Leader in exercising any right or remedy including, without Iitration,'Leader's acceptance of payments from third persons, en^;'ies or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or prelude the exercise of any right or remedy. 13. Joint and Several Liability; Cosigxerr, Successors and Assigns Bound. Borrower covenants and agrees that Borrower s obligations and liability shall be joint End several However, any Borrower who co-signs this Security Instrument nt but does r.ot execute the Note (a "co-signer"): (a) is co- signing this Security Instrument only to mortgage, grant and convey the co- signet'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 Instramen4 and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the tarns of this Security last or the Note without the co-signer's Consent. Subject to the provisions of Section IS, any Successor in Interest of Borrower who ass» Borrower's obligations under this Security Instnmchr in writing, and is approved by Leader, shall obtain all of Borrower's rim and benefits under this Security Immanent. Borrower shall not be released five Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in wdtiag_ The covemcts and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Izade's interest in the Property and rights under this Security Insulroaext including, but not limited to, attorneys' fees, property irspettion and valuation fees, In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be constued as a prohbitioa on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instnnment or by Applicable Law. If the Loan is subject to a Law which sets maxima= loan charges, and that law is finally interpreted so Sat the interest or other loan charges collected or to be collected in coanet on with the Loan exceed the permitted limits, then: (a) any scch 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 willbe rehmded to Borrower_ Lender may choose to male this refimd by reducing the principal owed under the Note or by making a direct payment to Borrower. If a rcfimd reduces pciacipal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or rot a prepayment charge isprovided for and trtheNote). Borrower's acceptance of any such refund made by direct payrocen to Borrower will constitute aweiver ofanyright of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lceder im coune ctiot with this Security Instrument must be in writing. My notice to Borrower at connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mat or -when actually delivered to Borrower's notice address if sent by other means_ Notice to any one Borrower shall constitute, notice to all Beam= unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to'Lender. Borrower shall promptly notify Lender of Borrower's change of addmss. If Leader specifies a procedure for reporting Bon s WY�OMII:(;- S.pea:,,mly_Fr+�o X1WF.adfo h UNIFORM INT3U.ADrr Wab j D V6W`I VMA JJ 4 Form 305` 3 ra 70 Fmwda7 Swwcsa Y3776t\A1'I (i30Z Pep.l l d 70 change of address, then Bon slr411 only repo a change of address through that speoified procedure. There may be only one designated notice address order this Seity Instalment at any one bide. Any notice to Lender shall be given by delivering it or by mailing it by first class mil 'o Lenders address stied bceia unless Lender has designated another address by notice to Borrower. Any notice in connexion with this Security Instrument shall not be deemed to have been given to Lender until actually received by Leader. If any notice regn3red by this Security hastens= is also. required under Applicable Law, the Applicable Law requirement will stsfy the corresponding requirement under this Security Instalment 16. Gorerniog Law; Scverability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations conamed in this Security Instrument are snbjea to any require wens and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to wee by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by con rzct. In the event that any provision or dame of this Security Instrument or the No conflicts with Applicaba Law, such conflict shall not affect oat= provisions of this Security Instmment or the Note which. can be given effect without tbe conflicting provision. As used in this Security Instrument (a) words of the masculine aline gender shall mean and indyde corresponding neat= words or words of the fine gender, (b) words in the siegular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to talcs any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of. Swa ity Instrument. lg. Transfer of the Property or a Benelicial Interest in Borrower. As used in this Section 1S, "Interest in the Property" means any Iegal or beneficial interest in the Property, including, but not ?united to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreecaent, the intent of which is the transfer of title by Borrower at a future date to apurchascr_ If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person. and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in field of all sons secured by this Security Instrument however this option shall not be cxecised by Lender if such exercise is prohibited by Applicable Law. Lf Leader exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums seemed by this Se ctnrity Instrument If Borrower fails to pay these stuns prior to the expiation of this period•- Lender may invoke any remedies permitted by this Security 7nstrumeot without farther notice oe demand on Borrower. 19. Borrower's Right to Reinstate ,After Acceleration. If Borrower mats certain conditions, Borrower shall have the night to have enforcement of this Security lame= discontinued a: any time prior to the =Best of (a) five days before sale of the Property ptasuant to any pow= of sale weaned in this Security Imminent (b) such other period as Applicable Law might specify for the t=stination of Borrower's right to t1-inanro; or (c) entry of a judgment enforcing this Security Instrument, Those conditions are that Borrow=: (a) pays Lender all sums which thin would be dne under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or WYO�Na -SnOl. Family F. Ford Mina Mac UMFOFN. INSTRUMENT 2200435212 wctco ajwa F'narsdai savesas D VW( Fenn 3051 1A1 VM.PON.YI tt3Db Pap 12 a 10 agreements; (c) pays all expenses iacurrtd in enforcing this Security Instrument, hacluding, bat not limited to, reasonable attorneys' fees, property inspxtion and valcation foes, and crhex fees inaared for the ?impose of protecting Lender' s intertst in the Property and rights tend= this Se city Intro scent; and (d) takes such action as Leader may reasonably require to assure that Lender s interest ht the Prop zty and rights under this Security rust** t, atd Borrow& s obligation to pay the sus secured by this Security. Instrument, shall continue unchanged_ Lender may rectrae that Borrower pay such reinstatement sumps and expenses in one or more of the following forms, as selected by Lender. (a) cash.; (b) money ordc, (c) certified check, batik check, treasne's check or cashie's check, provided any such check is drawn upon an institution whose deposits are maned by a federal agency, instrumentality or entty; or (d Electronic Fends Transfer. Upon reinstatement by Borrower, this Se airy Instrument and obligations seeped h eby s hell remain fully effective as if no acceleration had manned. However, this right to reinstate shatt not apply in the case of acce'1 ation under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievances The Note or a partial interest u the Note (together with this Security Ins neat) can be sold one or more times without prior notice to Borrower. A sale might result in a'ehe in the entity (,mown as the "Loan Se:viee") that collects Periodic Payments due under the Note and this Security Instrument and per forms other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Lama. There also might be one or more changes of the Loan Service urn elated to a sale of the Note. If there is a. change of the Loan Servicer, Borrower wr71 be given written notice of the change which will state the name and adt ess of the new Loan Serviccr, the address to which payments should be made and any other information RESPA requires in connection with a notice of taansfcr 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 servicng obligations to Borrower will remain with the Loan Servicer or be to nsfczed to a successor Loan Se vicer and are not assured by the Note purchaser unless otherwise provided by the Note perctihaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instilment or t..at alleges that the other party has breached may provision of, or any duty owed by reason of this Security Instrument, an such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which mutt elapse before certain action can be taken, that time period will be deemed to be reasonable for po rposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrow pursuant to Sefton 22 and the notice of acceleration given to Borrovrcr pursuant to Section 13 shall be decreed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or bane substances, pollutants, or wastes by Environmental Law and the following salistaae gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" maws federal laws 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, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means iecnditicnthat can (`al,se con'-ibote to, or otherwise trigger amt. Enviroonamtal Cleanup_ 22004692,2 WYpMRC6 -S bolo Fway- Fro. MgTi.dd. Mac UNIFORM IKSSaJ%+FNr Wolters Kluwr Fru,e.t St tool 0 vsvv Farm nos, ral vM?ee. -1l M321 P 0 1 3 of 15 Borrower ehell not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or thrcateo to release any Hazardous Snbsrances, on or is. the Property. Borrower shall mot do, nor allow anyone else to do, anything affere;ng the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (0) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of erlall q( tin e e Hazardous Saintaaces thha:'are gencally recognized to be appiepciate to normal residential uses and to mainmeance of the Property (including, but not limited to, hazardous substances in (mhsa= products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any goverrenettal or regulnory agency or private party involving the Property and any Hazardotrs Substance or Environmental Law of which Borrower has actual loaowledge, (b) any E.:wh t:mental Condition. including bat not ]baited to, any spilling, 1calong, discharge., relceso or au-en of release of any Hazardous Subsranee, and (c) any condition unused by the presehce, use or release of a Hazardous Substance which advcsely affects the value of the Prope ty. If Borrower leans, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary r, m r ial actions in accordance with Environmental Law. Nothing here's shall mene any obligation on Lender for an Environmental Clcnup. NON -tJNI ORM COVENANTS. Bon and Lender fur'',hm covenant and agree as follow 22. Acceleration; ltenedics. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or a„ereement in this Security Instrument (but not prior to acceleration under Section 1S unless Applicable Law provides otherwise). The notice shall specify: (a) the default•, (b) the action required to cure the default. (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default mast be cured; and (d) that failure to clue the default on or before the date specified is the notice may a 'silt in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shat farther inform Borrower of the eight to reinstate after acceleration and the right to bring a court action to assert the non- eustence of a default or any other defense of Borrower to acceleration and sale. If the default is not cared on or before the date specified in the notice, Lender at its option may require immediate payment in fall of all sums secured by this Security Instrument without farther demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses inured is pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. if Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the nnanner prescribed by Applicable Law. Lender or its desi pcc may purchese the Property at any elle The proceeds of the sale shall be applied in the following order. (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security I»_stsument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all stuns sensed by this Seeeneity Instrument, Lender el-all release this Security Incense Borrower shall pay any recordation costs. Lender may charge Borrower a fee for 22004892'2 WYOMING -Sire. F. -Gana, NUNFmcicro u UN,FOAM INSTRUMENT VMPO Wuhan klmmr FnniMSN SoN4cm D UMW Form 3051 1 e,1 VMPe01 1 (13024 Ppp 14 010 releasing this Swishy Instocuent, but Only if the foe is paid to a third party for seances rendmod and the charging of the fee is permitted render App1ic ble Law t4. Waivers- Bo^owa releases and waives ail ri under and by vb the of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the tams and covenants contzined is this Security Instrument and in any Rider executed by Borrower and recorded with it Wrsiesses (Seal) aurcw. 2100483212 WYOMING -SWOIe FuN FO Jo MrJFts&l:o Mac UNIFORM INSTRUMENT Wks Kluwe/ Period Sery wa (seal) Ewa (Seal) -Borrow= i) (Seal) -Borrow= Boaewc 3051 1/01 ,o vspew 1) Itscss Pape 15 of 10 UTP 4{ STATE OF 1 J County ss 514 11 LA This ins ,t was acknowledged before me on -Eh c Z O cko b er 7.01 Li- by »'tS E. 14-^ 411.1;, a 4 ZZC AEL WE:saarN My Commission Ex-pill= Z TYLER WALKER Notary Public State of Utah Comm. No. 662937 My Comm. Expires Feb 15. 2017 Loan ory Bank National As ocxati.on NMLS ID 402761 Lon originator Christopher Guevara MILS ID 275115 .^2,004692.2 WyOM2la Sinab FrrJlr -Farnde kuoir edma Mac LIKI:FORM wslirlI EM VMP D WW iam 705+ :bl VMP62WYI caul Pepeleolle SECOND HOME RIDER THIS SECOND HOME RIDER is made this 24th day of October, 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 U.S_ Bank (the "Lender of the same date and covering the Property described in the Security Instrument (the "Property which is located et_ 1300 Hillside Loop, Thayzae, WY 83127 [Property Address) In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree that Sections 6 and 6 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 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. 2200489212 D V3652t MULTISTATE SECOND HOME RIDER Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ,�2n t Form 3890 1101 Page 1 of 2 Initial c-'41, ©-365R(0811) VMP Mortgage Solutions, Inc. (800)521 -7291 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Second Home Rider. rrower =ALT, 'REM. ..MANN (Seal) Borrower (Seal) (Seal) Borrower Borrower (Seal) (Seal) -Borrower Borrower (Seal) (Seal) Borrower Borrower 2200489212 D V3651t MULTISTATE SECOND HOME RIDER Single Family Fannie Mae1Freddi Mac UNIFORM INSTRUM Form 3890 4101 ®3658 (0811) Page 2 of 2