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HomeMy WebLinkAbout886349 BOOK. Return To: HOMECOMINGS FINANCIAL NBTWORK, INC ' ol, m MmUDZAN C~OSSINO, SCm ~00 MINNEAPOLIS, MN 5542~ Loan Number: 041-557986-1 50 481 8883t 9 Prepared By: HomeComings Financial Network 14850 Quorum Drive, Suite 450 Dallas, T~ 75254 RECEIVED LINCO., N ¢ CLERK [Space Above This Line For Recording Data] MORTGAGE MIN 100062604155798616 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 in Section 16. (A) "Security Instrument" means this documem, which is dated DECEMBER together with all Riders to this document. ", (B) "Borrower" is RICHARD V. ANDREWS AND RENEE.ANDREWS, HUSBAND AND WIFE 13TH, 2002 Borrower is the mortgagor under this Security Instrumem. (0 "MERS" is Mortgage Electronic Registration Systems, Inc. IV[EPS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Plint, MI 48501-2026, tel. (888) 679-MEPS. t WYOMING-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS MFWY7770 (11/00) / 041-557986-I (~-6A{WY) 10005}.01 Page 1 of 16 Initials: VMP MORTI3AGE FORMS - (800)521 Form 3051 1/01 (D) "Lender"is HOMECOMINGS FINANCIAL NETWORK INC. Lender is a CORPORATION organized and existing under the laws of DELAWARE Lender's address is 1485O QUORU~ DRIVE, SUITE 450 DALLAS, TX 75254 (E) "Note" means th~ promissory note signed by Borrower and dated DECEMBER 13TH, 2002 The Note states that Borrower owes Lender SIXTY THOUSAND AND NO/10 0 Dollars (U.S. $ 6 0,0 0 0.0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than JANUARY 1ST, 2018 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ~[_~ Adjustable Rate Rider [] Condominium Rider ~ Second Home Rider Balloon Rider [] Planned Unit Development Rider ~ 1-4 Family Rider [] VA Rider [-~ Biweekly Payment Rider ~ Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (Ii) "Electronic Funds Transfer" means any transfer qf funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or nmgnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, 'automated teller machine transactions, transfers initiated by telephone, wire transfers, 'and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. ~ "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (iN) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (O)' "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures'Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.P.R. Pan 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this 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. ~ M1~7770 (11/00) / 041-557986-1 I~-SAlWY) 1ooo5~.o~ Paga2of 15 ~1~ Form 3051 1/01 (Q) "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 Security 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 under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender ',md Lender's successors and assigns) and to the successors and assigns of MERS~ with power of sale, the following described property located in the COUNTY of LINCOLN : [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Legal description attached hereto and made a part hereof ParcelID Number: 12-3218-30-3-14-243-00 160 EAST 5TH AVENUE AFTON ("Property Address"): which currently has the address of , [Street] [City] , Wyoming 8 3 1 1 0 [zip co~e] 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 Instrumem. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal fire to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised 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. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. ' ~ -, MFWY7770 (11/00) / 041-557986-1 tI~-6AIWY} Iooos).Ol I nitiala:_~..~. Page 3 of 115 ~_~ Form 3051 1/01 UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and 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 under the Note or this Security Instrument is returned, to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; CO) 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 Fnn_ds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may 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 partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shaJl either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; Co) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient 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 from Borrower to the repayment of the Periodic Payments if, and to the extent that, 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 auy late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpoae the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on 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 can attain priority over this Security Instrument as a lien or encumbrance on the Property; Co) 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) Mortgage Insurance premiums, 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 items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any,' be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furni.~h to Lender all notices of amounts to be paid under this Section: Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay ~e Funds for any or 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 only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts MFWY7770 (I1/00) / 041-557986-I (~-flA{WY} tooos~.o~ Initiate: ~]~ Paga4of16 /~ Form 3051 1/01 due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation 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 "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, 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 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 Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all 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 under RESPA, and. (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution 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. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held iix escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. 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, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien 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) 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 can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the MFWY7770 (11/00) / 041-557986-I (~-6A{WY) (ooo~}.Ol Pag~ 6 of 16 ~ Form 30,51 1/01 lien. Within l0 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or m~re of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maimained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall 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 maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such 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 greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender 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 notice 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 mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall 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 of, 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 an 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 pr. ogre. ss payments as the work is completed. Unless an agreement is made in writing or Applicable Law reqmres interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. 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 shail be applied to the sums secured by this Security Instrument, whether or not then due, with MFWY7770 (11/00) / 041-557986-I 1I~-6AIWY) Iooo~.o~ Page6of 15 ,~ . Form 3051 1/01 487 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 has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under 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 insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instnunent, 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 Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. 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. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries aport and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application proc.ess, 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 principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condenmation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions ~m include, but are not limited to: (a) paying any sum~ secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable MFWY7770 (11/00) / 041-557986-1 (~-6A(WY) Iooos}.o~ Page 7 of 16 ~,/ Form 3051 1/01 /[88 attorneys' fees to protect its interest in the ?roperty and/or figh~ uM~r ~s S~ty I~t~m~nt, i~luding its s~c~d position in a ban~ptcy procuring. Securing ~e Prop~y i~lud~s, but is not li~ted to, entering ~e P~op~y m ~k~ repairs, c~ge locks, r~p~ce or board up doors a~d wiMows, drain water ~om pip~s, ~li~te building o~ o~er ~od~ violafio~ or dangerous co~itiom, ~ ~ve utilities ~d on or off. Al~ough ~nd~r ~y ~ke action uMer ~ Section 9, L~n~r do~s ~t haw to do so a~ is not uMer any duty or obligation to ~ so. It is agreed ~t L~r i~s no liability for ~t ~ng any or all actiom au~ofi~d under ~is Section 9. Any a~unts disbursed by ~r uMer ~is Section 9 sh~ll beco~ addifio~l debt of ~o~ow~r secured by ~is Security Imtm~m. These amo~ ~all bear interest at ~e Note rate from ~e date of disburse~nt aM shall be payable, wi~ such in. rest, upon notice ~om Le~er to Bo~ower requesting paymem. If ~s Security I~tm~m is on a leasehold, Bo~ower shall comply M~ all ~e pro~siom of ~e lease. If Borrower acquires fee title m ~e Property, ~e leasehold aM ~e fee fide ~1 not merge ~ess Lender agrees to ~e ~rger in writing. 10. Mo~gage ~surance. If ~Mer required Mortgage Im~ance as a condition of ~ng ~e ~an, Borrower ~all pay ~e pre~u~ required to ~in~ ~e Mortgage ~ur~ce in effect, if, for any reason, · e Mo~gage Imurance coverage required by ~Mer ~es to be available from ~e m~gage imurer ~at previously provided such imurame aM Bo~ower was required to ~ke separately desigmted pay~nts toward ~e pre~u~ for Mortgage Imura~e, Bo~ower ~all pay ~e pre~u~ required to ob~in coverage substantially eq~valent m ~e Mortgage I~rame previously in effect, at a cost subs~ntially equivalem to ~e cost to Bo~ower of ~e Mortgage Imurame previously in effect, ~om an alte~te . mortgage imurer selected by ~nder. If substantially equivalem Mortgage Imura~e coverage is ~t avaihble, Borrower ~all cominue to pay to Le~r ~e amunt of ~e s~arately desigmted pay~nm ~at were due when ~e i~urame coverage ceased to be in effect, LeMer will accept, use and retain ~ese pay~n~ as a non-retable loss rescue in lieu of Mo~gage Im~e. ~ch loss rescue ~1 be ~n-re~Mable, ~twi~sUMing ~e fact ~t ~e ~an is ~ti~tely paid in ~11, and ~nder shall ~t be required to pay Bonower any imerest or earths on such loss rescue. Lender can m lo.er req~re loss reserve pay~nts if Mo~gage Imur~e coverage On ~e amunt aM for ~e period ~t LeMer requires) prodded by an imurer selected by ~nder again beco~s available, is ob~ined, and Lender re~ires separately desigmted pay~n~ toward ~e pre.utah for Mo~gage I~e. If ~Mer required Mo~gage Imurame as a coMifion of ma~ng ~e ~an ~ Bonower was req~red to rake sepgately desigmted pay~ms toward ~e pre~u~ for Mortgage Imurame, ~ower ~all pay ~e pre~u~ required to ~inmin Mo~gage Imur~e in effect, or to pro.de a ~n-re~able loss rescue, until ~nder's req~re~m for Mortgage Imumme ends in accord~e ~i~ any written agree~nt between Bo~ower aM ~Mer pro~ng for such m~mtion or until te~mfion is req~red by Applicable Law. No~ing in ~s Section 10 affec~ Bo~ower's obligation to pay imerest at ~e rote pro~d in ~e Note. Mortgage Imumme rei~urses LeMer (or any entity ~at p~ses ~e Note) for certain lo.es it my imur if Bo~ower does ~t repay ~e ~ as ag~ed. Bo~ower is not a pa~y to ~e Mortgage Imurame. Mortgage imurers evaluate ~eir total risk on all s~h imur~e ~ force ~om fi~ to time, ~ ~y enter imo agree~s M~ o~er pgfies ~at ~are or modi~ ~eir risk, or reduce losses. These agree~nts are on tern aM coMitiom ~at am sa~facmrY to ~e mortgage imurer and ~e o~er party (or paffies) to ·ese agreements, These agree~nts my require ~e mngage imurer to ~ke pay~nts using any source of ~s ~at ~e mrtgage imurer my have available (w~ch my imlu~ ~Ms obtaimd ~om Mortgage Imurame pre~u~), As a result of ~ese agreements, ~Mer, any pumper of ~e Nora, a~er imurer, any reinsurer, any o~er entity, or any affiliate of ~y of ~ foregoing, ~y receive (dirtily or iMirectly) amoums ~at ~five ~om (or ~ght be cMractefized as) a portion of Bo~ower's pay~ms for Mortgage Ins~e, in exchange for ~ng or m~ing ~ mngage i~er's risk, or reducing losses. If such agree~m pro.des ~at an affilia~ of ~Mer rakes a ~are of ~e linker's ~k in exc~ge for a ~ge of ~e pre~ p~d m ~e ironer, ~ ~ange~m is o~n te~d "captive reime. ~ Fu~er: (a) Any such a~~ will not affect ~e moun~ that Borrower h~ a~eed to pay for Mortgage I~uranee, or any o~er ter~ of ~e ~. Such a~m~ will not iner~e the amount Bo~ower will owe for Mo~gag~ ~suranee, and ~ey will not entire Bo~ower to ~y refund. M~7770 (II/~) / 041-55798~I Iniflala:'~ ~TA(WY) 1ooo6).o~ P~ s o~ ~s ~ Form 30.51 1/01 (b) Any such a~men~ will not aff~t the righ~ Bo~ower has - if any - with r~p~t to the Mortgage Insurance under the Homeowners ~otecflon Act of 1998 or any other law. Thee rights may include the right to receive certain disclosure, to requ~t and obtain cancellation of the Mortgage Insurance, ~ have the Mo~gage Insurance terminated automati~lly, anWor to r~eive a refund of any Mo~gage Insurance premiu~ that were unea~ed at the time of such ~ncellation or te~inafion. 11. Assi~ment of Miscellaneous ~ocee~; Fo~eiture. All Miscella~ous Proceeds ~e hereby assig~d m a~ shall be paid to ~n~r. If ~e Property is ~ged, such Miscella~ous Proceeds ~MI be applied to restoration or repair of · e Property, if ~e restoration or repair is eco~mically feasible and ~er's security is not lesse~d. During such repair aM restoration pe~od, ~er ~M1 have ~e right m hold such Miscella~ous Proceeds umil ~nder has had an oppor~Mty m impect such Prope~y to e~ure ~ work has been completed to Lender's satisfaction, prodded ~at such i~pecfion s~ll ~ uMe~ken promptly. Lender ~y pay for ~e repairs and restoration in a single disburse~nt or in a series of progress pay~nts as ~e work is completed. UMess an agree~m is ~de in writing or Applicable ~w requires interest to be paid on such Miscella~ous Proceeds, ~Mer shall ~t be required to pay Bo~ower any imerest or ea~ngs on such Miscellaneous Proceeds. If ~e restoration or repair is ~t eco~cally feasible or LeMer's security would be lessened, ~e Miscella~o~ Proceeds shall be applied m ~e su~ sec~ed by ~s Security I~nt, whe~er or ~t ~en due, wi~ ~e excess, if any, paid to Bo~ower. ~ch Miscellaneous Proceeds ~all be applied in ~e order profided for in Section 2. In ~e evem of a total raking, destruction, or loss in value of ~e Property, ~e Miscell~ous Proceeds shall be applied to ~c su~ secured by ~is Sec~ty Im~nt, whe~er or not ~en due, wi~ · e excess, if any,-paid to Bo~ower. In ~e evem of a part~l m~ng, des~cfion, or loss in value of ~e Property in which ~e fair ~rket value of ~e Prope~ i~ediately before ~e partial ta~, des~cfion, or loss in value is eq~l to or grea~r ~n ~e amount of ~e su~ secured by ~is Security Im~m~t i~diately before ~e partial ta~ng, ~stmcfion, or loss in value, uMess Bo~ower and ~r o~e~ise agree in writing, ~e su~ secured by ~is Security Imtmment shall be reduced by ~e a~um of ~e Miscellaneous Proceeds multiplied by ~e following ~action: (a) ~e to~ a~t of ~e su~ secured i~diately before ~e partial ~king, dest~cfion, or loss in vMuc divided by (b) ~e fair ~rket value of ~e Property i~diately before ~e pa~ial mEng, des~cfion, or loss in value. Any bala~e ~all be paid to Bo~ower. In ~e event of a partial t~ng, ~s~cfion, or loss in value of ~e Prope~y in wMch ~e fair ~rket value of ~e Property immediately before ~e partial m~ng, des~cfion, or loss in value is less ~an ~e amoum of ~e su~ secured i~diately before ~e pa~ial ~ng, des~cfion, or loss in value, uMess Bo~ower a~ Lender o~e~ise agree in writing, ~e Miscell~ous Proceeds ~all be applied to ~e sums secured by ~is Security I~m whe~er or ~t ~e su~ are ~en due. If ~e Prope~y is abaMo~d by Bo~ower, or if, aRcr ~ficc by ~Mer to Bo~ower ~at ~e Opposi~ P~y (as defied in ~e ~xt sente~e) offers to ~ke an awed to settle a claim for da~ges, Bo~ower fails to respo~ to ~r wi~in 30 days aAer ~e ~te ~e ~fice ~ given, Le~r is au~ofi~d m collect and apply ~e Miscella~ous Proceeds eider m restonfion or repair .of ~e Prope~y or to ~e su~ secured by ~s Security I~tm~nt, whe~er or not ~n due. "Opposing Pa~y" ~am ~e ~ird pa~y ~t owes Borrower Miscella~ous Proceeds or ~e pa~y agai~t whom Bo~owcr has a right of action in regard to Miscel~ous Proceed. Bo~ower shall be in default if ~y action or procee&ng, whe~er ci~l or cfi~, is begun ~at, in ~nder's judg~m, Could result in forfeiture of ~e Prope~ or o~er ~te~l imp~nt of ~Mer's interest in ~e Propeay or rights uMer ~is Secufi~ I~m. Borrower can ~e such a default and, if acceleration has occu~ed, rei~tate as provided in Section 19, by causi~ ~e action or proceeding to be dis~ssed wi~ a ruling ~at, in Le~er's judg~m, precludes forfeiture of ~e Property or o~er ~tefial impai~nt of LeMer's imerest in ~e Property or figh~ under ~is Sec~ty I~t~nt. The proceeds of any award or claim for da~ges ~t are at~ibumble to ~e impai~nt of Le~er's interest in ~e Property are hereby assig~d aM shall be paid to ~Mer. All Miscella~ous Proceeds ~t ~e not applied to restoration or repair of ~e Property shall be applied in ~e order prodded for ~n Section 2. MFWY7770 (II/00) / 041-557986-1 1~-6A(WY) (ooos).ol tnitiaJe: ~ Pa;e e of 16 ..~.~ Form 3051 1/01 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 n~t be required to commence proceedings against any Successor in Interest of Borrower or 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, entities 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 co-signing this Security Instrument only to mortgage, grant and convey the co-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 that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or 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 liability under this Security Instn~ment 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 Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection 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 construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan 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 may choose to mal~e this refund by reducing the principal owed under the Note or by making 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 made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument .~hall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers 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 address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower aha!] only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security I,nstrument shall not be deemed to have been given to Lender until actually received by Lender. If any not, ce required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirerrmnt under this Security Instrument. MFWY7770 (11/00) / 041-557986-1 lnltlal~:~..~ (~-6A{WY} (ooos,.o, Pag8 ioof 16 /~ Form 3051 1/01 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be gover~d by federal law a~ ~e law of ~e jurisdiction in w~ch ~e Property is located. All ~ghts a~ obligatio~ con~i~d in ~is Secu~ty Ins~ment are subject to any req~re~nts a~ li~tatio~ of Applicable Law. Applicable Law ~ght ¢~li~itly or implicitly allow ~e parties to agree by con,act or it ~ght be silent, but such sile~e shall ~t be comtmed as a pro~bifion agorot agree~m by con~act. In · e event ~at any provision or clause of ~is Security Imam or ~e Note conflic~ wi~ Applicable Law, such conflict shall ~t affect o~er provisions of ~is Security I~nt or ~e Note which can be given effect wi~out ~e conflicting pro.sion. As used in ~is Security instrument: (a) words of ~e ~sculi~ ge~er shall ~an and i~lude co~esponding ~uter words or words of ~e fe~ gear; (b) words in ~e singular shall ~an a~ i~lu~ ~e plural aM vice versa; aM (c) ~e word "~y" gives sole discretion wi~out any obligation to take any action. 17. Borrow~'s Copy. Bo~ower shall be given one copy of ~e Note and of ~s Security I~tm~nt. 18. Transfer of the ~ope~y or a Beneficial ~ter~t in Bo~ower. As used in ~s Section 18, "Interest in ~e Prope~y" mea~ any legal or be~ficial imerest in ~e Property, imluding, but not li~ted to, ~ose beneficial interests tramfe~ed in a bom for deed, contract for deed, imtall~m sales con~act or escrow agreement, ~e intemof w~ch is ~e ffamfer of title by Bo~ower at a ~ture date to a purchaser. If all or any part of ~e Property or aW Interest in ~e Prope~y is sold or transfe~ed (or ff Bo~ower is ~t a mtural person aM a be~ficial imerest in Bo~ower is sold or tramfe~ed) wi~out ~nder's prior written consem, ~er ~y require i~ediate pay~m in ~11 of all su~ secured by ~s Security Im~nt. However, ~s option ~all not be exercised by ~r ~ such exercise is pro~bited by Applicable Law. If Lender exercises ~is option, Le~er shall give Bo~ower ~tice of acceleration. The notice shall provide a period of ~t less ~an 30 days from ~e da~ ~ ~tice is given in accor~nce wi~ Section 15 wi~in which Borrower must pay all s~ secured by ~s Security Instm~m. If Bo~ower fails to pay. ·ese su~ prior to ~e e~iration of ~s period, ~Mer ~y invoke any re~dies pe~tted by ~is Security I~m wi~out ~r~er notice or deem on Bo~ower. 19. Borrower's Right to Reins~te After Acceleration. If Bo~ower ~ets certain coMitio~, Bo~ower ~all have ~e right to have e~orcemem of ~s Security Imtm~m discontinued at any time prior to ~e earliest of: (a) five ~ys before sale of ~e Property pursuit to any power of sale confined in · is Security Imtm~m; ~) such o~er period as Applicable Law ~ght speci~ for ~e te~fion of Borrower's right to reimmte; or (c) ent~ of a judg~nt e~orcing ~s Sec~ty Im~m. Those coMifiom are ~at Bo~ower: (a) pays ~r all su~, w~ch ~en would be due uMer ~is Security Imtm~nt a~ ~e Note as if ~ acceleration had occu~ed;' ~) cures any default of any o~er cove~nts or agreements; (c) pays all e~emes i~u~ed in enforcing ~ Security Im~mem, i~luding, but ~t li~ted to, reasomble attorneys' fees, prope~y impecfion aM val~fion fees, ~d o~er fees i~u~ed for ~e pu~ose of protecting ~r's interest in ~e Prope~y ~ rights uMer ~s Security Im~nt; and (d) takes such action as Lender ~y reasonably require to ass~e ~at ~er's imerest in ~e Prope~y aM rights uMer ~s SecufiW Instm~nt, aM Bo~ower's obligation to pay ~e ~ secured by ~s Security I~m, shall CO.hUe u~h~ged. LeMer ~y re.ire ~at Bo~ower pay such reim~te~nt su~ and e~emes in o~ or ~re of ~e following fo~, as sel~ted by ~r: (a) cash; ~) mo~y order; (c) ce~ifie~ c~eck, ba~ check, trea~er's check or casper's c~ck, pro~ded any such check is drawn upon an ~mt~muon whose deposi~ are inmred by a federal age.y, im~lity or emity; or (d) Electro~c Funds Tramfer. Upon reinsmte~nt by Bo~ower, ~is Security Im~nt aM obligatiom secured hereby ~all re~in ~lly effective as if no acceleration had occ~d. However, ~is right to reimtate shall not apply in ~e case of acceleration ~r Section 18. 20. Sale of Note; Change of Loan Se~icer; Notice of G~ev~ce. The Note or a partial imerest in · e Note (toge~er wi~ ~s Sec~ty I~tm~m) can be sold o~ or ~re ti~s wi~out prior notice to Borrower. A, sale ~ght result in a change in ~e entity (~own as ~e "~an Se~icer") ~at collects Periodic Paymen~ due u~er ~e Note aM ~is Security Imtm~m a~ perfor~ o~er ~gage loan se~cing obligafiom un~r ~e Note, ~is Sec~ty Imtm~m, ~ A~licable Law. T~re also ~ght be one or more changes of ~e Loan Se~cer u~elated to a s~e of ~e No~. If ~ere is a ch~ge of ~e ~an Se~cer, Borrower will be giveh*~t~n ~fice of ~e change w~ch will state ~e m~ aM ad.ess of ~e ~w Loan Se~cer, ~e address'to which pay~n~ shoed be ~ aM any o~er info~fion ~PA MFWY7770 (11/00) / 041-557986-1 (~-SAIWY) Iooo6}.ol Init~als:~~/ Page 11 of 15 Form 3051 1/01 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 Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise 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 this 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 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 must elapse before certain action can be taken, that time period will be deemed to be reasonable for puq~oses of this paragraph~ The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes 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; (b) "Environmental Law" means 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 a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to 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 a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) 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, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediafion of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. MFWY7770 (11/00) / 041-557986-1 Initiale: ~ Paa~ 12 of ~5 /~ ~ Form 3051 1/01 4.93 NON-UNIFORM COVENANTS. Borrower and Lender furor covermnt and agr~ as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 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 must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. 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 Instrument without further demand and 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 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 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. 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 exemption laws of Wyoming. MFWY7770 (11/00) / 041-557986-1 -6A(WY) Initia~~ Page 13of 15 Form 3051 1/01 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. Witnesses: ~/I CH/iRD V J~NDREWS Borrower (Seal) -Borrower (Seal) (Seal) -Borrower -Borrower (Seat) (Seal) -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower MFWY7770 (11/00) / 041-557986-1 6A(WY) Iooo61.o 1 P~, ~4 of 1 s Form 30151 1/01 STATE OF WYOMING, Lincoln The foregoing instrument was acknowledged before me this ~ by RICHARD V. ANDREWS AND RENEE ANDREWS, HUSBAND AND WIFE 2002 My Commission Expires: Notary Public MFWY7770 (11/00) / 041-557986-1 -6A{VVY) {ooo6).Ol Page 15 of 15 Form 3051 1/01 Legal Description O~G~]I4D Part of Lot 1 of Block 28 to the Townsite of Alton, Lincoln County, Wyoming being more particularly described as follows: Beginning at a point 165.00 feet West of the Northeast comer of said Lot 1 and running thence West 90.62 feet; thence South 132.00 feet; thence East 90.62 feet; thence North 132.00 feet to the point of beginning.