HomeMy WebLinkAbout891324RECEIVED: 3/28/03 3:28PM; ->BONNEVILLE
~RR ,*"tS 2003 16:09 FE bJFH~I
-record to attach the
gh Cost.Area Rider
LAND & TITLE; ~789;
402 536 2646
BOOK
PAGE I 5
TO 9 ! 2085241--;0?2 P. ! 5 /~i
LINCOLN COUNTY -CLERK
[..":'-'~.~; ; L?,;.. :9 p.i~: .... [/' ....
Poor Quality Recording in~o:
'~-~ GPR PAGE ~ 5 2
State of Wyoming
{Spc~ Above This ~ For R~ordlns Data]
MORTGAGE
I/A-Cae No.
93 -0004648 703
RECEIVED
THIS MORTGAGE ("$ccurity ]~stmmcat") is given on mca as, 3oo3 LINCOLN COUNTY CLERK
~BOOK O~ ,, ~ PR PAGE ,.,.c' 2 2
("Borrower"). This Security Instrument is given [o I~LL~ PAltI~O HOM~I 14ORTOAGE, INC.
whi~ is organized and existing under thc laws of TIIB STATI~ OF O..~IFOItN~ , and
whose addressisP.O. BOX 1.0~0¢o Dg~ MOINE-q, IA 5030~0304
("Lender"). Borrower owes Lender the principal sum of
ONE HU1TDRBD FIFTY FOU~ THOUSAND FOUR HURDP~D SEVERTY FIVE AND 00/100
Dollars (U.S. $********'154', 475.00 ).
This debt ia 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 a.PRIr. 01, 203 '~
. 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 paymeat of ail other sums,
with interest, adVanced under paragraph 7 to protect the security of this Security Instrument; and (e) the performance
0022539431
FHA Wyomi~ Mortgage - 4196
O~RIW¥) Iooo%ol
VMP MORTGAGE FOR?~/
P~ge 1 ot 8 ~
RECETVED: 3/28/03 3:28PM; ->BONNEVILLE LAND & TITLE; #789; PAGE
',~.AR ~8 2003 1~:09 FR WFHW, 402 53~ 2~46 2-(~
16
9128852468?2
i]93
O 'u x 0 3 3
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 174 OF NOKDIC RANCHES DIV~SION NO. 12, LINCOLN COUNTY, WYOMINO AS DESCRIB;~D
ON .THE OFFICIAL PLAT THEREOF.
2003 NASHUA HOME HUD TA~ #'S 205103 AND 205104
THIS IS A PD'RCHAS~. MONEY S{CURITY INSTI~UM]{NT. TAX STATEMENTS SHOULD BI{ SENT TO:
WELLS FARGO HOM~ MORTOA~, INC., P.O. BOX 10304, DES MOINES, IA 503060304
which has the address of LOT 174SADDLI{ DRIVE, ETNA [Sm:ct City],
Wyoming 83118 (zip cod~] ("l~'opcny Address");
TOGETHER WITH ali the improvements now or hereafter erected on the property, and all easements.
appunenan~s 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 Securiiy 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.
Borro,uer 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.
Borrower and Lender covenant and agree as follows:
UNIFORM COVENANTS-
1. Payment of Principal, Interest and Late Charge. Borrower shill 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 o~ 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 p~agraph 4. In any year in which the Lender must pay a
mortgage insurance premium to the Secretary of Housing and Urban Development CSecretary"), 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 ,his Security Instrument iS held by the SecretarL
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, 24 CFR Part 3500, as they may be
amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated
disbursements or disbu~ements before the Borrower's payments are available in the account may not be based on
amounts due for the mortgage insurance premium. ~j
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MA~ 28 2003 16:09 FI~ WFHH 402 536 2G4G 'tO 9!2085246872
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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 tender~ 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 I and 2 shall be applied by Lender as follows:
First, 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 ~11 improvements on thc 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 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 Secretatg,. 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 ~ent of loss, Borrower shall give Lender immediate notice by rn~l. 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 [o Lender jointly. All or any part of the insurance
proceeds may be applied by Lender, at its option, either (a) to the reduction of the 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 of the 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 p~ss to the
purchaser.
$. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application;
Leaseholds, Borrower shall occupy, establish, and use the Prope~y as Borrower's principal residence within sixty
days after thc execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property)
and shall continue to occupy thc 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 dctcrioratc, reasonable wear and tear excepted. Lender may inspect thc Property if thc Property is vacant
or abandoned or the loan is in default. Lender may lake reasonable action to protect and preserve such vacant or
~-4RIWY} ~96o41,01 P=ge 3 ~ B
Inkla~
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' HAR 28 2003 1G: 10 FR WFHM 4'02 53G 2G4G TO 91208524G072
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O ig ' D i.t5 695
08.'-313 ,4 035
ab~on~ Pmp~gy. Bo~ower sh~l ~ b~ in defaul~ if Bo~ow~, during the io~ application
~teri~ly f~s~ or inac~rat~ info--lion or sta~ents to Mn~ (or f~led ~ provide ~d~r wi~ ~y ~t~i~
infomtion) in ~ection wi~ ~e lorn evidcn~ by ~e Note, includi~, but not li~ted to, r~s~tations
concerning Bo~owcr's occup~cy of ~e ~nY ss a pr~cip~ maid.ce. If ~is Security Imt~ent is on a
le~ehold, Bo~wer sh~l ~ly wi~ ~e provisions of ae leac. If Bo~wer ~quires f~ title
lem~old ~d f~ tide sh~l not be merg~ unless Mnder agr~s to the ~ger in writing.
6. Condemation. ~e pmc~ds of my awed or cl~m Dr dmges, direr or consequmti~, in co~ection wi~
my ~nde~tion or other t~i~ of ~y Pm of ~e Property, or for ~nvey~ce in pl~e of ~ndmation.
h~eby assign~ ~d shal be p~d to Mnder to ~ eater of ~e ~11 ~unt of ~e indebt~ess that m~ins ~paid
under the Note ~d ~is g~ufi~ Instmmmt. ~nder sh~l 'apply su~ proems to ~e reduction of ~e ind~bt~s
under fie Note ~d ~is Se~rity Ins~m~t, first to ~y delinquent mounu applied in ~e order provided in
paragraph 3, md th~ to prepay~nt of princip~. Any application of ~e pr°~eds to ~e principa sh~l not extmd or
postpone ~e due date of ~e mon~ly payers, which ~ referr~ m in p~agraph 2, or ch~ge ~e ~ount of such
pay~nts. Any excess proceeds ov~ m mount requir~ [o pay ~1 outst~ding indebt~ness und~
S~curiiy Instmmmt sh~l be paid to ~e ~tity leg~ly entitl~ ~er~o.
7. Charg~ to Bo~ow~ and ~ot~ion of L~d~'s ~ts in the ~o~. Bo~ower ~1 pay
gove~ntal or municip~ charges, fm~ ~d impositions ~a[ ~e not included in p~agraph 2. Bo~ower ~1 pay
·ese obligations on time directly to ~e ~tity which is ow~ ~e payment. If failure to pay would adv~sely aff~t
~der's int~t in ~e Prepay, u~n ~der's request Bo~ow~ sh~l promptly ~mi~ ~o ~d~ ~ipts
~idencing ~ese payments.
If Bo~ower f~ls m ~e ~cse paymmts or ~e paym~ requi~d by p~agraph 2, or f~ls to perfo~ ~y o~er
covenmts ~d agreem~ts confined in ~is Se~rity Inst~en[, or there is a leg~ proteins ~at ~y significmtly
affect ~der's rights ~ ~e Prope~y (such as a proceeding in b~mptcy, for condition or to enforce laws or
regulations), ~en ~der ~y do md pay whaler is necess~ to pmt~t ~e v~ue of ~a Property md ~nder's
rights in ~e Property, including paYmm[ of [~es, h~d insur~c~ ~d.o~er items ~tioned in paagraph 2.
Any mounts disburs~ by Mnder ~der ~is paagraph sh~l become m addition~ debt of Bo~ow~ ~d be
s~ured by ~is Se~rity Inst~l. ~ese ~unts shall be~ interesl from ~e da~ of disbuae~nt, at ~e Note rate,
~d at ~e option of Mnder, s~l be i~ediamly due ~d payable.
Bo~ower sh~l pro,dy dischage my li~ which has priority over ~is Se~rity lns~m~t ~ess Bo~ower:
(a) agrees in writing [o ~e pa~t of ~e obligation seared by ~e li~ in a ~er acc~lable m ~d~; (b)
~ntests in good f~ ~e lien by, or defends agaimt ~fomement of the li~ in, leg~ pro~edings which in
Mnder's opinion operate to preyer the info.emit of ~e li~; or (c) s~ures ~om
agrmnt satist~to~ to ~der subordi~ting ~e lien to ~is S~ufity l~tmm~t. If Mnd~
of the ~openy is subje~ m a lien which may attain priority over ~ S~u~ty Ins~mmt, ~nder ~y give Borrow~
a notice iden[i~ing the lien. Bo~ow~ sh~l sstis~ ~e lien or t~e one or more of ~e actions sm fo~ ~ove wi~
10 days of ~c giving of nolice.
g. F~. ~nder may coll~[ fees md ~ges a~lhori~ by ~e S~reta~.
9. G~o~ for A~eleration of
(a) ~fa~t, ~nd~ ~y, exC~t as li~ted by regulafiom issued by ~e S~ret~, in ~e c~e of payment
defaults, require i~ediae paym~[ in ~11 of ~l su~ s~ured by this S~ity Instmnt if:
(i) Borrower defaults by failing to pay in ~11 ~y mon~ly paymmt required by ~s S~ufity Instrument
prior to or on ~e due date of ~e next mon~ly paym~t, or
(ii) Bo~ower defaults by f~ling, for a p~iod of ~iny days, to p~fo~ my o~er obligations ~ntaned
in ~is ~rity lnstm~nt.
(b) Sale Without Credit Approve, ~der ~1, if pe~tt~ by applicable law (including Section 341(d)
of ~e G~n-st. Ge~n D~osito~ Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) ~d wi~ ~e prior
approv~ of ~e S~ret~y, ~quire i~iate pays[ in ~11 of ~1 sums secur~ by ~is Security Instrument
if:
RECETVED: ' 3/28/03 3:29PM; ->BONNEV]:LLE LAND & T'rTLE; //789.; PAGE 19
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(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 ~'equire immediate payment in full, but
Lender does not require such payments, Lender does not waive i~s rights with respect to subsequent events.
(d) Regulations of I-IUD Secretary, In many circumstances regulations issued, by the Secretary will limit
Lender's rights, in thc 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 Instrumem. 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 thc Note, shall be deemed conclusive proof of such
ineligibility. Notwithstanding thc 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 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 preeedlng the commencement of a current
foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, 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 Instrument 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 9Co). 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 Od. Signing this Security Instrument only to
mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b)
js 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.
RECEIVED: 3/28/03 3:2~PM; ->BONNEVILLE LAND & TITLE; //789; PAGE 20
MRI~ .o8 2003 ~E;: 7,0 ~ L, JFH~ 402 53E; 2~46 TO 91208524E;072
13, Notices. Any notice to Borrower provided for in this S¢~rity 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 I~nder when
given as provided in this paragraph.
14. Govea'xfing Law; Severability. This Security Instmmem shall be governed 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 precedMg two senten~s 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.
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:
1'/. Assignment of Rents, Borrower unconditionally assigns and transfers to Lender all the rents and revenues
of the Property. Borrower authorizes Lexider or Lender's agents m collect the rents ara1 revenues and hereby directs
each tenant of the Property to pay the rents to I.~mder or I~nder's agents. However, prior to Lender's notice to
Borrower of Borrower's brea~h of any covenant or agreement in the Security Instrument, Borrower shall collect and
receive all rents and revenues of the Property as trusto~ for the benefit of Lender and Borrower. This assignment of
rents constitutes an absolute assigm'nent 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 a~signment 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 reviver 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 Imader. This
assignment of rents of the Property shall terrninat¢ when the debt secured by the Security InsTrument is paid in full.
~eOe O ~ 8
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'MAR PS 2003 ]6: 1! FR ~FHM~ P~a~ T_O 91POS5P4SO?P
LAND & TITLE;
' 402 536
0 O38
18. Foreclosure l~o~edu,-'e. If L~d~ r~uir~ i~l~e pa~t in f~l ~der ~n~nph 9, L~de~ ~y
invoke the ~w~ of sale and any oth~ rem~ pe~tt~ by applicable law. L~der ~nil be ~tifl~ ~ coll~
aH ~p~s~ in~ ~n p~ng the re~ provid~ ~ t~s p~n~aph 18, induing, but not li~t~ to~
r~sonable atto~eys' f~ and cos~ of tiOe ~d~ce.
If Lend~ invok~ the pow~ of sale, L~d~ sh~i ~ve notice oF int~t to formosa to Bo~ow~ ~d to the
p~n ~ poss~sion of the ~o~y, If &fF~t, in accordance ~th applicable law. L~d~ s~ll ~vc notice of
the sale to Bo~ow~ in the ~ner provid~ ~ pnra~aph ~3. L~d~ sh~l pub~sh the nod~ of sale, and the
~o~Y sh~ be ~Id in the ~nner p~bed by appli~ble law. L~d~ or its d~i~ ~y p~ase the
~op~y at ~y sale. The proc~ of the s~e shntl be appli~ ~ ~e follo~ng ord--: (a) to ~1 ~ens~ oF the
sale, induing, but not li~t~ to~ r~ble atto~e~' f~; ~) to nil su~ s~d by t~s S~ty
~nst~ment; and (c) any ~c~ to the ~n or perso~ l~nlly ~tl~ to it.
If ~e L~d~'s infarct in this ~ty ~m~t is held by the S~t~ and ~e S~ta~ r~r~
i~iate pa~t in f~l und~ Para~aph 9, the S~r~ may invoke the no, uric! ~wer of sale
provid~ in the S~e Fa~ly Mortgage For~o~re Act oF 1994 CAct") (~ U.S.C. 375~ et ~eq.) by r~u~ng
n for~l~ com~oner d~i~t~ under the. Act to co~en~ fo~osure ~d to sell the ~o~y ns
provid~ in the Act. N°t~ng in the prong sent~ce shall deprive the S~ of ~y righ~ othe~se
available to a L~d~ ~d~ t~s Para~aph 18 or applicable ~w,
19, Rd~se, UpOn paym~t of ~1 s~ s~ured by this S~rity I~t~ent. ~der sh~l rele~e ~is Se~rity
Ins~ment wi~out ch~ge to Bo~ow~. Bo~ower ~1 pay ~y r~ordation costs.
20, W~v~, Bo~ow~ waives ~l ~gh~ 0f ho~steM exemption in ~e P~p~ty ~d relinqui~es ~1 ~gh~ of
cu~esy ~d dow~ in ~e ~opcay.
P .21
21, Riders to this Security Instruraent, 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
In t,~_~ment. [Check applicable box(es)].
L~I Condominium Rider [] Growing Equity Rider ~ Other [specify]
[] Planned Unit Development Rider [] Graduated Payment Rider HIGH COST RIDER
1{~--4R{WY) {geoAL01 P~g= 7 ol ~
GEIVED: 3/'28/03 3:30PM; _>BONNEVILLE LAND & TITLE; #789; PAGE 22
qr ,E8 2003 6:11 FR WFHM 402 536 2646 TO 912085246072
699
'~ '~- ' the te~* conta'med in this Security I~t~t ~d m
BY SIGNING BELOW Bonower ac~tS ~d agrees to
. , , ' ~(Se~)
~0~ ~RO~ .~o~w~r
-.
.BoFl~W~r
(Seal)
-Borrower
--($¢m).
-Borrowcr
_(Seal)
-Borrower
_______(Seal)
.Borrower
______._(se~)
-Borrower
STATE OF VOfOIVfING, LINCOX,N
The foregoing instrument was acknowledged before me this
by TIgonS BRO~r~I ~ BILr.I~E erga~ BROwi~
County ss:
:2003
(dat~)
My Commission Expires:
Public
(~4RiWYI i~O,~).o~
Page 6 of 6
STATE OF IDAHO
COUNTY OF BONNEVILLE
)
) ss.
)
700
On March 28, 2003, before me, the undersigned, personally appeared Thomas
Brown and Billee Jean Brown, known or identified to me to be the person(s) whose
name(s) is/are subscribed to the within instrument, and acknowledged to me that they
executed tile same. ~~'~:7,.e/"7
,.~' ,//NC~TA~Y FOR-~i-i/E STATE/f~_.ID, AHO
Commission Expires:
My Commission Expires: 03/1
RECEIVED: 3/28/03 3: 30PM; ->BONNEVILLE
MRR .~8 ~003 !~: I ! FR WFH~
0022S3,~431
LAND & TITLE; #789; PAGE
23
912085246072
P.23
MANUFACTURED HOME RIDER
TO THE MORTGAGE/DEED OF TRUST/SECURITY DEED
701
041
This Rider is made this ~]~.CH 28, 2003 , and is incorporated into and amends
and supplements the Mortgage/Deed of Trust/Security Deed (the "Security Instrument") of the
same date, given by the undersigned (the "Borrower") to secure Borrower's Note to
WELLS FARC0 HOM~ MORTGAGE, INC.
(the "Lender") of the same date (the "Note") and covering
the Property described in the Security Instrument and located at:
LOT 174SADDL~ DRIVE, ETNA, WY 83118
(Proper~y Addre~l
Borrower and Lender agree that the Security Instrument is amended and supplemented to read
as follows:
A. The Property covered by the Security Instrument (referred to as "Property" in the
Security-Instrument) includes, but is not limited to, the Manufactured Home (Serial
Number, if required, ) affixed to the property legally described in the
Security Instrument.
B. Additional Covenants of Borrower
BorroWer will Comply with all state and local laws and regulations regarding the
affixation of the Manufactured Home to the property described in the Security
Instrument including, but not limited to, surrendering the Certificate of Title (if
required) and obtaining the requisite governmental approval and accompanying
documentation necessary to classify the Manufactured Home as real property
under state and local law.
The Manufactured Home described above will be, at all times and for
purposes, permanently affixed to and part of the property described in the
Security Instrument.
Affixing the Manufactured Home to the property described in the Security
Instrument does not violate any zoning laws or other local requirements
applicable to manufactured homes,
NMFL #3322 03/01
Poge 1 of 2
RECEIVED: 3/28/03 3:30PM; ->BONNEVILLE LAND & TITLE;
MAR 28 2083 16:1 1 FR LdFHM 402 536
8789; PAGE 24
2646 TO 912085246072
702
Od2
P.24
· BY signing below, Borrower accepts 'end agrees~,o the terms and covenants contained
in this Manufactured Home Rider. ~/~~
_B o~o w-'~I'HOI¢~S B RO~I'I' -B~o~r
-Bo~ower ~Z~~ B~~- ~ -go~ower
(Seal)
-]Borrower
(Seat)
-]~OITOWC~/'
(Seal) (Seal)
-Borrower -Borrowcr
COUNTY OF LINCOLN ~/n ~)~'
I. the undersigned Notary Public, d for the aforesaid State and County, do hereby certify
that
~nOsr(rOuWmeer~;,toPl~;s~hne~,¢l f~;vemne 3~dS;idmCyO~l and acknowledged the within
ond seal this 28TH day of
/' Notary Public
MV commissiO'n expires:__.
NMI=I. //3322 03~)I Page 2 of 2
STATE OF IDAHO '
0~.~13~,4
COUNTY OF BONNEVILLE
7'03
)
)ss.
) 043
On March 28, 2003, before me, the undersigned, personally appeared Thomas
Brown and Billee Jean Brown, known or identified to me to be the person(s) whose
name(s) is/are subscribed to the within instrument, and acknowledged to me that they
executed the same.
""
/~OTARY FOR TH STATE ~).~)".,~kI4'O ,/
/Commission Expires: ~~/~~~
NOTARY PUBLIC
JEANNEE NANGLE
STATE OF IDAHO
- - - - -- slrSk%%tlat;~
My Commission Expires: 03/16/08
RECEIVED: 3/28/03 3:58PM; ->BONNEVILLE
MAR ~8 2003 1~:38 FR WFHM~
LAND & TITLE; /1792; PAGE 20
402 536; 2G4G T- 91208524G072
P.20
WYOMING COMMLrNITY DEVELOPM[ENT 0 4 4
HIGH COST AREA SET ASIDE ~R
As long as ~is moagag~ i~ h~ld by W~ng Co~ Dov¢lopm~t AuthofiW, C~p~, Wyo~ng, ~
Moagage Lender ~y d~lare all $~ se¢~ed by ~is ~gage to be ~ediately du~ a~d pa~bl~ if:
(o) all or pas of ~e prop~ is sold or o~e~se ~ansf~cd (o~er ~n by &vise, descem or
opezafioa of law) by Bo~ower to a pu~c~ser or o~er ~ansferee:
(1) who c~ot ~aSonably be expected to occupy ~e pr~e~ as a principal
residence wit~ a reasonable time after ~e sale or ~nsfer; or
(ii) who has had a present ownership inte;est in a ~incipal residence during any part
of the three-yea~ period ending on the date of the sale or transfer; or
(iii) at an acquisition cost which is in excess of that established by the Wyoming
Community Development Authority under its applicable regulations or program
guidelines in effect on the date of the sale; or;
(b) Borrower fails to occupy the property descffbed in the mortgage without Mortgage Lender's prior
written consent; or
(c) Borrower omits or misrepresents a material fact in an aFPlication for this mortgage.
NOTICE TO MORTGAGOR: This document substantially modifies the terms of this Loan. Do not sign
it unless ~,ou have read and understand it.
I hereby consent to the modifications of the terms of the Mortgage and Note which are contained in the
Printed - Printed - TRISTAN D. KRAMER
PMM-208