HomeMy WebLinkAbout979836ATEC 253343
Return To: Wells Fargo Bank, N.A.
FINAL DOCS N0012 -0I B
6200 PARK AVE
DES MOINES, IA 50321
Prepared By: JONATHAN P
PALUMBO
9780 S MERIDIAN BLVD
2ND FL
ENGLEWOOD, CO 80112 -5910
State of Wyoming
979836 12/23/2014 11:43 AM
LINCOLN COUNTY FEES: $33.00 PAGE 1OF 8
BOOK: 845 PAGE: 417 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
111111111111111111111111111111111 111 111111111111111 111 I 1 11111111111 I n 11111111
Mortgage
FHA Case No.
591- 1321258 -703
THIS MORTGAGE "Security Instrument is given on December 18, 2014. The Mortgagor is Dennis M. Perry and
Susan May Perry, husband and wife, as tenants by the entireties "Borrower This Security Instrument is given to Wells
Fargo Bank, N.A., which is organized and existing under the laws of United States of America, and whose address is 101
North Phillips Avenue, Sioux Falls, SD 57104 "Lender
Borrower owes Lender the principal sum of one hundred seventy three thousand seven hundred seventy -four and 00 /100
Dollars (U.S. $173,774.00). This debt is evidenced by Borrower's note dated the same date as this Security Instrument
"Note which provides for monthly payments, with the full debt, if not paid earlier, due and payable on January 1,
2045.
This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and
convey to the Lender with power of sale, the following described property located in Lincoln County, Wyoming: Lot 72
of Star Valley Ranch Plat 21, Lincoln County, Wyoming, as described on the official plat filed on October 22, 1982, as
Instrument No. 586332 of the records of the Lincoln County Clerk..
Parcel ID Number: 12- 3418- 02 -3 -06- 022.00 which has the address of 110 Bear Lake DR [Street], Star Valley Ranch
[City], Wyoming 83127 -5021 [Zip Code] "Property Address
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances
and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower
warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
of record.
HCFG•00700
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THIS SECURITY INSTRUMENT combines unifomi covenants for national use and non uniform covenants with limited
variations by jurisdiction to constitute a uniform security instrument covering real property.
Borrower and Lender covenant and agree as follows:
UNIFORM COVENANTS.
1. Payment of Principal, interest and Late Charge. Borrower shall pay when due the principal of, and interest
on, the debt evidenced by the Note and late charges due under the Note.
2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment,
together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance
premium to the Secretary of Housing and Urban Development "Secretary"), or in any year in which such premium would
have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum
for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a
mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined
by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums
paid to Lender are called "Escrow Funds."
Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum
amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974,
12 U.S.C. Section 2601 et seq. and implementing regulations, 12 C.F.R. Part 1024, as they may be amended from time
to time "RESPA except that the cushion or reserve permitted by RESPA for unanticipated disbursements or
disbursements before the Borrower's payments are available in the account may not be based on amounts due for the
mortgage insurance premium.
If the amounts held by Lender for Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall account
to Borrower for the excess funds as required by RESPA. If the amounts of funds held by Lender at any time are not
sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the
shortage as permitted by RESPA.
The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders
to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all
installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated
to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure
sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all
installments for items (a), (b), and (c).
3. Application of Payments. All payments under Paragraphs 1 and 2 shall be applied by Lender as follows:
to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary
instead of the monthly mortgage insurance premium;
Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard insurance
premiums, as required;
Third to interest due under the Note;
Fourth, to amortization of the principal of the Note; and
Fifth, to late charges due under the Note.
4. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whether now
in existence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender
requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower
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shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by
floods to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The
insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a
form acceptable to, Lender.
In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made
promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment for such
loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance proceeds may be
applied by Lender, at its option, either (a) to the reduction ofthe indebtedness under the Note and this Security Instrument,
first to any delinquent amounts applied in the order in Paragraph 3, and then to prepayment of principal, or (b) to the
restoration or repair ofthe damaged Property. Any application of the proceeds to the principal shall not extend or postpone
the due date of the monthly payments which are referred to in Paragraph 2, or change the amount of such payments. Any
excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security
Instrument shall be paid to the entity legally entitled thereto.
In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the
indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser.
5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application;
Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days
after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall
continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless
Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist
which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall
not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable
wear and tear excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default.
Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower shall also be in
default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to
Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note,
including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence.
If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires
fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing.
6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of any part ofthe Property, or for conveyance in place of condemnation, are hereby assigned
and shall be paid to Lender to the extent of the fitll amount of the indebtedness that remains unpaid under the Note and
this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this
Security Instrument, first to any delinquent amounts applied in the order provided in Paragraph 3, and then to prepayment
of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly
payments, which are referred to in Paragraph 2, or change the amount of such payments. Any excess proceeds over an
amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the
entity legally entitled thereto.
7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental
or municipal charges, fines and impositions that are not included in Paragraph 2, Borrower shall pay these obligations
on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the
Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments.
IfBorrower fails to make these payments or the payments required by Paragraph 2, or fails to perform any other covenants
and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's
rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then
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Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property,
including payment of taxes, hazard insurance and other items mentioned in Paragraph 2.
Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by
this Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the
option of Lender, shall be immediately due and payable.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate
to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender
subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien
which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower
shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice.
8. Fees. Lender may collect fees and charges authorized by the Secretary.
9. Grounds for Acceleration of Debt.
(A) Default. Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults,
require immediate payment in full of all sums secured by this Security Instrument if:
(i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to
or on the due date of the next monthly payment, or
(ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this
Security Instrument.
(B) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the
Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the
Secretary, require immediate payment in full of all sums secured by this Security Instrument if:
(i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise
transferred (other than by devise or descent), and
(ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or
grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements
of the Secretary.
(C) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender
does not require such payments, Lender does not waive its rights with respect to subsequent events.
(0) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's
rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security
Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary.
(E) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be
eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option,
require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized
agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument
and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may
not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage
insurance premium to the Secretary.
10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of
Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure
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proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required
to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument,
foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure
proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in
effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement
if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately
preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different
grounds in the figure, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument.
11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or
modification of amortization of the sums secured by this Security Instrtment granted by Lender to any successor in
interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest.
Lender shall not be required to commence proceedings against any successor in interest or 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 Borrower's successors in interest. Any forbearance by Lender in exercising any right
or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
12. Successors and Assigns Bound; Joint and Several Liability; Co Signers. The covenants and agreements
of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the
provisions of Paragraph 9(B). Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs
this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant
and convey that Borrower's interest in the Property under the temrs of this Security Instrument; (b) is not personally
obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may
agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the
Note without that Borrower's consent.
13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property
Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class
mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for
in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this
paragraph.
14. Governing Law; Severability. This Security Instrument shall be govemed by Federal law and the law of the
jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and
the Note are declared to be severable.
15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the
Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use,
or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to
normal residential uses and to maintenance of the Property.
Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any
governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental
Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory
authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower
shall promptly take all necessary remedial actions in accordance with Environmental Law.
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As used in this Paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by
Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic
pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As
used in this Paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is
located that relate to health, safety or environmental protection.
NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the
Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant
of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's
breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues
of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute
assignment and not an assignment for additional security only.
If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for
benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect
and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender
or Lender's agent on Lender's written demand to the tenant.
Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent
Lender from exercising its rights under this Paragraph 17.
Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach
to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application
of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents
of the Property shall terminate when the debt secured by the Security Instrument is paid in full.
18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender may
invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
collect all expenses incurred in pursuing the remedies provided in this Paragraph 18, 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 Paragraph 13. Lender shall publish the notice of sale,
and the Property shall be sold in the manner prescribed by applicable law. Lender or its designee may
purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to
all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by
this Security instrument; and (c) any excess to the person or persons legally entitled to it.
If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires
immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale
provided in the Single Family Mortgage Foreclosure Act of 1994 "Act (12 U.S.C. 3751 et seq.) by requesting
a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as
provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise
available to a Lender under this Paragraph 18 or applicable law.
19. Release. Upon payment of all sums secured by this Security Instrument, Lender shalt release this Security Instrument
without charge to Borrower. Borrower shall pay any recordation costs.
20. Waivers. Borrower waives all rights of homestead exemption in the Property and relinquishes all rights of curtesy
and dower in the Property.
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21. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the
covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check
applicable box(es)].
Condominium Rider Growing Equity Rider Other [specify]
Planned Unit Development Rider Graduated Payment Rider
BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instrument and in any rider(s)
executed by Borrower and recorded with it.
Borrower n
Dennis M Perry
Acknowledgment
State of Wyoming
County of
This instrument was acknowledged before me on /c7 /8 by
d2,e.1J U 12. a
—mac,
oiary •us rc
My commission expires:
9-15-1';
Loan Origination Organization: Wells Fargo
Bank N,A.
NMLSR ID: 399801
HCFG•00700
FHA Malgage•VVY
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Date Susan ay erry bate
Seal Seal
GLORIA K. BYERS NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commisson Expires September 15. 2015
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Loan Originator: TIFFANY CANSINO
NMLSR ID: 489998
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Dennis M Perry
HCFC.00801
FHA PUD Rider
VMP®
Welters Kluwer Financial Services 0 2008
Planned Unit Development Rider
FHA Case No.
591 1321258 -703
THIS PLANNED UNIT DEVELOPMENT RIDER is made this 18th day of December, 2014, and is incorporated into
and shall be deemed to amend and supplement the Mortgage, Deed of Tnust or Security Deed "Security Instrument of
the same date given by the undersigned "Borrower to secure Borrower's Note "Note to Wells Fargo Bank, N.A.
"Lender") of the same date and covering the Property described in the Security Instrument and located at 110 Bear Lake
DR, Star Valley Ranch, WY 83127 -5021 [Property Address] The Property Address is a part of a planned unit development
"PUD known as Star Valley Ranch Association [Name of Planned Unit Development]
PUD Covenants. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender
further covenant and agree as follows:
(A) So long as the Owners Association (or equivalent entity holding title to common areas and facilities), acting as
trustee for the homeowners, maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy
insuring the Property Located in the PUD, including all improvements now existing or hereafter erected on the mortgaged
premises, and such policy is satisfactory to Lender and provides insurance coverage in the amounts, for the periods,
and against the hazards Lender requires, including fire and other hazards included within the term "extended coverage,"
and loss by flood, to the extent required by the Secretary, then: (i) Lender waives the provision in Paragraph 2 of this
Security Instnirnent for the monthly payment to Lender of one twelfth of the yearly premium installments for hazard
insurance on the Property, and (ii) Borrower's obligation under Paragraph 4 of this Security Instrument to maintain
hazard insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided by
the Owners Association policy. Borrower shall give Lender prompt notice of any lapse in required hazard insurance
coverage and of any loss occurring from a hazard. In the event of a distribution of hazard insurance proceeds in lieu
of restoration or repair following a loss to the Property or to common areas and facilities of the PUD, any proceeds
payable to Borrower are hereby assigned and shall be paid to Lender for application to the sums secured by this
Security Instrument, with any excess paid to the entity legally entitled thereto.
(B) Borrower promises to pay all dues and assessments imposed pursuant to the legal instruments creating and
governing the PUD.
(C) If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed
by Lender under this paragraph C shall become additional debt of Borrower secured by the Security Instrument. Unless
Borrower and Lender agree to other tcrms of payment, these amounts shall bear interest from the date of disbursement
at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this PUD Rider.
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