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HomeMy WebLinkAbout892781Remrn To: WELLS FARGO HOME MORTGAGE, INC. 3601 MINNESOTA DR. SUITE 200 BLOOMINGTON, MN 55435 RECEIVED LINCOLN COUNTy CLERK Prepared By: WELLS FARGO HOME MORTGAGE, INC. JEANNE WAGNER ?'-- 199 :~BOOK ~-~ r~ _PR PAGE.~ 1919 DOUGLAS,, 681010000 OMAHA, NE [Slmee Above Tiffs Liae For Recordhtg Data] MORTGAGE DEFINITIONS Words used in multiple sections of this document are defined below and otlwr 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 ;document, which is dated AUGUST 2 2, 2 0 03 together with all Riders to tiffs document. (B) "Borrower" is JENNIFER LORA MUNNERLlrN AND IAN TIMOTHY MUNNERLYN, HUS BAND WIFE AND Borrower is the ~nortgagor under this Security h~strument. (C) "Lender" is WELLS FARGO HOI~E MORTGAGE, INC. Lender is a CORPORATION organized and existing under the laws of THE STATE OF CALIFORNIA 0032679268 WYOMING-Single Family-Fannie IVlae/Freddie Mac UNIFORM INSTRUMENT Page 1 of 15 Init___ VMP MORTGAGE FORM~'- ($00)~'21-7291 Form 3051 1/O1 2OO / Lender's address is p.o. BOX 10304, DE~ MOINES, IA 503060304 1 Lender is the mortgagee under this Security Inslrument. (D) "Note" means the Promissory note signed ~y Borrower and datedj`UGUST 22, 20 03 The Note states that Borrower owes Lender Oli~ HUliDR~..D FORTY TItOUBJ`ND 3,lid 00/100 [ Dollars (U.S. $ ** * * 14 O, 0 o o. o o ) plus interestl Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later ~an S~..PTEMBER 01, 9. 033 0g) "Property" means the property tMt is described below under the heading "Transfer of Rights in the Property." (F) "Loan" means the debt evidenced by the ~ote, plus interest, any prepayment charges and late charges due raider the Note, and all sums due 'under thi,~ Security Instrument, plus interest. (G) "Riders" means all Riders to this Securit~ Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check b~x as applicable]: ~] Adjustable Rate Ride]' [--q Condominiun~Rider [-~ Second Hmne Rider [--I Balloon Rider ~ Planned Unit ~)evelopment Rider [] 1-4 Fam/ly Rider [--] VA Rider Biweekly Pay~mnt Riderff_ ./~ [---1 Other(s) [specify] applicable federal, state and local statutes, regulations, that have the effect of law) as well as all applicable final, Ass ,essments" means 'all dues, fees, assessments and oflmr PrOperty by a condominium association, homeowners Iral~sfer of funds, other than a transaction originated by :h is initiated tlu'ough an electzonic terminal, telephonic order, instruct, or authorize a financial institution to debit is not limited to, point-of-sale transfers, automated teller elephone, wire transfers, and autonmted clearinghouse (H) "Applicable Law" means all controlling ordinances and athninistrative rules and orders non-appealable judicial opinions. (I) "Community Association Dues, Fees, and charges that are imposed on Borrower or ti association or similar orgmfization. (J) "Electronic Funds Transfer" means any check, draft, or similar paper instrument, wh instrument, computer, or nmgnetic tape so as te or credit an account. Sucli term includes, but machine transactions, transfers initiated by transfers. (K) "Escrow Items" means those items tllat are ~escribed in Section 3. (L) "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) d~an~age to, or destruction of, the Property; (ii} col.~demnation or other taking of all or any part of the l~roperty; (iii) conveyance in lieu of condenmalion; or (iv) misrepresentations of, or onfissions as to, the value and/or condition of the Property. (M) "Mortgage Insurance" means insurance p~ the Loan. (N) "Periodic Payment" means the regularly sc Note,,, plus (ii) any amounts under Section' 3 of tl (O) RESPA" means the Real Estate Settlemen implementing regulation, Regulation X (24 C.I time, or any additional or successor legislation r in tiffs Security Instrument, "RESPA" refers to to a "federally related mortgage loan" even if loan" under RESPA. otecth~g Lender against the nonpayment of, or default on, .~eduled mnount due for (i) principal and interest under the ds Security Instrument. Procedm'es Act (12 IA.S.C. Section 2601 et seq.) and its .R. Part 3500), as they might be amended from time to r regulation that governs the same subject matter. As used ~I1 requirements and restxictions that are imposed in regard m Loan does not qualify as a "federally ]'elated mortgage Page 2 of 15 {~)~-6(WY) Iooosl (P) "Successor hi Interest of Borrower" meat not that party has assumed Borrower's obligatio TRANSFER OF RIGHTS IN THE PROPERT5 201 s any party that has taken title to the Property, whether Or tm under the Note and/or this Security Instrument. This Security Instrument secures to Lender: (i) ~e repay~nent of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the perfonpance of Borrower's covenants and agreements trader tlfis Security Instrunmnt and the Note. For this puq~ose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, wlth power of sale, the following described property located in the COUNTY ~ of LINCOLN . [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] LOT 57 OF STAR VALLEY RANCId/ PLAT 17, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. THIS IS A PURCHASE MONEY SECURIT~ INSTRUMENT. TAX STATEMENTS SHOULD BE SENT TOq WELLS FARC4D HOME MORTGAGE, INC. BOX 10304, DES MOINES, IA 503060~04 ' I- Parcel ID Number: which cm'rently has the address of 118 NORTH BRANCH CIRCLE [St,'eet] THAYNE [City] , Wyoming 83127 IZip Code] ("Property Address"): TOGETHER WITH all the improveme4ts now or hereafter erected on the property, and all easements, appurtenances, and fixtures now o7 hereafter a part of the property. All replacements and additions shall also be covered by tlfis Security, Instnunent. All of the foregoing is referred to in this Security Instrument as the "Property" t BORROWER COVENANTS that, Borrowqr is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and conw.y the Prppertv and that the Property is unencumbered, except for encumbrances of record. Borrower warrants an_q_will' del~nd generally the title to the Property against all claims and demands, subject to any encumbranCe~ of record. THIS :SECURITy INSTRUMENT combi~tes mfiform covenants for national use md non-uniform covenants with limited variations by jurisdictio~l to constitute a mfiform security instrument covering real property. ! UNIFORM COVENANTS. Borrower and 1. Payment of Principal, Interest, Esm Borrower shall pay when due the principal of; prepayment charges and late clmrges due under pursuant to Section 3. Payments due under the curt'ency. However, if any check or other instrun (I~?~(WY) (ooo~) .ender covenant and agree as follows: 'ow Items, Prepayment Charges, and Late Charges. and h~terest on, the debt evidenced by the Note and any lie Note. Borrower shall also pay funds for Escrow Items Note and this Security Instrument shall be made in U.S. tent received by Lender as payment under the Note or this init IPage3of 15 Form 3061 1/01 202 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; (b) money ord.~r; (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, instrmnentality, or entity; or (d)i Electronic Funds 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 Lea, der in accordance witl~ the notice provisions in Section 15. Lender nmy return any payment or partial payt~ent 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 hereundeti 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 appliedl as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold su~ch unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasolmble period of time, Lender shall 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 in]mediately ~rior 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 perford]ing the covenants aud agreements secured by this Security Insmu~ent. 2. Application of Payments or Proceet~s. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shalll be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due m~der Section 3. Such payments shall be applied to each Periodic Payment in file order in which it became due. Any remai~fing 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 paymemt nmy be applied to the delinquent payment and the late charge. If more than one Periodic Payamnt is outstanding, Lender may apply any payment received from Bon'ower to the repayment of the Periodi~ 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 any 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 pr~oceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due daf6, of change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower sllall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a gum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessmems and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) prenfiums for any and all insurance required I~Y Lender under Section 5; and (d) Mortgage Insurance premimns, 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 origi~mtion or at any time during the term of the Loan, Lender nmy require that Comnmnity 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 fm'~fish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow ltmns unless Lender waives Bon'ower's obligation to pay. the FUnds tbr any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or al! 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 (~;}~-6(WY) Iooo5~ Page 4 of 16 Form 3051 1/01 2O3 due for any Escrow Items for which payment ot~ Funds has been waived by Lender and, if Lender requires, shall fur'uish to Lender receipts evidencing sucfl payment within such time period as Lender may require. Borrower's obligation to make such payments find 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 obligatedi Go pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an E~Scrow 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 umy 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 an~ounts, that are then required under tiffs Section 3. Lender may, at any time, collect and hold Funds in an an~ount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, i and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate tl3e amonnt 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. Tile 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 iusured) 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, ammally 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. Borrowe. r and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accmmting 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 wi.th RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall, notify Bon'ower as required by RESPA, and Borrower shall pay to Lender the amount necessary to lnake 'up the sltortage in accordance with RESPA, but in no more than 12 mondfly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as requh'ed by RESPA, and BOrrower shall pay to Lender the amount necessary to tnake up the deficiency in accordance with RESPA, but in no more than 12 monflfly pay~nents. Upon payment in full of all sums secured by this Security hkgtrument, Lender shall promptly refund to Borrower any Funds held by Leander. 4. Charges; Liens. Bon'ower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over Offs Security Instrument, leasehold payments or ground rents on the Property, if any, ',md Corem!miry 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 pay~nent tff the obligation secured by the lien in a manner acceptable to Lender, but olay so long as Borrower is perf¢, truing such agreement; (b) contest.s the lien in good faith by, or defends against enforcement of the lien ip, legal proceedings wlfich in Lender's opinion operate to prevent the entbrcement of the lien while those iproceedings are pending, but only until such proceedings are concluded; or (c) secures ti'om the holder of'.the lien an agreement satisfactory to Lender subordinath~g the lien to this Security Instrument. If Lender d~termines 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 (~6(WY) Iooos) Pag,, 6 of ~ s 2O4 lien· Witkin 10 days of the date on which that n~tice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this SectiOn 4. Lender ~nay require Borrower to pay a lone-time charge for a real estate tax verification and/or reporting service used by Lender in connection pith tiffs Loan. 5. Property Insurance. Borrower shall k~ep the improvements now ex,,isting or hereafter erected on the Property insured against loss by fire, haza~s i~cluded witlfin the term 'extended coverage," and any other hazards including, but not limited to, ear[hquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires· What Lender requires pursuan[ to the preceding sentences can change during the term of the Loan. The insurance carri.e,r providing the ~nsurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower s choice, which] right shall not be exercised m~easonably. Lender may require Borrower to pay, in connection with iflfis Loau, either: (a) a one-time charge for flood zone determination, certification and tracking servic and certification services and subsequent char, reasonably ~uight affect such determination or payment of any fees imposed by the Federal review of any flood zone detenuination resultiv4 If Borrower fails to maintain any of the ,~s; or Co) a one-time charge for flood zone determination es each time remappings or similar changes occur which certification. Borrower shall also be responsible for the :Emergency Management Agency iu connection with the : from an objection by Borrower. coverages described above, Lender may obtain insurance coverage, at Lender's option and Bon'ower'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 nfight 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 o~ lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance colVerage so obtained might significantly exceed the cost of itkgurance that Borrower could have obtained. A~y amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by Ibis SecUrity Instrument. These amounts shall bear interest at the Note rate from the date of disbursement &nd sludl be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender md renewals of such policies shall be subject to Lender's fight to disapprove such policies, shall inclnd+ a standard mortgage clause, and shall ~mme Lender as mortgagee and/or as an additional loss payee. L~ndet shall have the right to hold the policies and renewal certificates· If Lender requires, Borrower Shall l~romptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form bf insurance coverage, not otherwise required by Lender, for dmnage to, or destrucaon of, the Property, '~such pohcy shall include a standard mortgage clause and shall name Lender as mortgagee and/°r.as an ad4itimml loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender ~nay make proof of loss if not made promptly 1: in writing, any insurance proceeds, whether or ~ be applied to restoration or repair of the Proper Lender's security is not lessened· DUring such r hold such insurance proceeds until Lender has l work has been completed to Lender's satisfac ~ Borrower. Unless Lender and Borrower otherwise agree ot the underlying insurance was required by Lender, shall y, if the restoration or repair is economically feasible and ~air and restoration period, Lender shall have the right to lad an opportunity to inspect such Property to ensure the ion, pl'ovided that such inspection shall be undertaken promptly. Lender may disburse proceeds ~br thd repai~, and restoration in a single payment or in a series of progress payments as the work is completed. Jnless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance pr~)ceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds· Fees l~or public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurancelproceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's secUrity would be lessened, the insurance proceeds shall be applied to the sums secured b~ this Security h~strument, whether or not then due, with (~-6(WY) (ooo6) Page 6 of 15 ~ ' // Form 3061 1101 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 aml settle any available insurance claim and related matters. If Borrower does no, t respond witlfin 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. ~ either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower .hereby as. signs to Lender (a) Borrower's rights to any insurance proceeds in an amount ~mt to exceed the a~nounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to m~y refund of unearned premiums paid by Borrowe0 under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the i~m'ance proceeds either to repair or restore the Property or to pay amounts unpaid ruder the Note or tlfis S¢,curity Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence wit;fin 60 days after the execution o1~ aris Security Instrument and shall continue to occUpy rite 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 um'easonably withheld, or unless extenuating circumstances exist whicl~ are beyond Borrower'is control. 7. Preservation, Maintenance and Protection of the Property; Inspectious. Borrower shall not destroy, damage or impair 'the Property, allo~w the Property to deteriorate or co~m~fit waste on the Property. Whether or not Bm'rower is residingl in the Property, Bon-oWer shall maimain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deternfined pursuant to Section 5 that repair ok restoration is not econmnJcally feasible, Borrower shall promptly repair the Property if damaged to ~avoid further deterioration or damage. If insurance or condemnation proceeds are paid in com~ection 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 tbr the ~epairs and restoration in a single payment or in a series of progress payments as the work is completed. Ifi the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bon'ower's obligation for the completion of such repair or restoration. Lender or its agem may make reasonabl~ entries upon and inspections of axe 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 a~a interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrqwer .shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's lmowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material, information) in com~ection with the Loan. Material representations include, but are not linfited to, representations concenfing Borrower's occupancy of the Property as Borrower's principal residem:e. 9. Protection of Lender's Interest in the Property and Rights Under this Security Insta'ument. If (a) Borrower fails to perform the covemnts and ~green~ents ~ontained in this Secm'ity Instrument, (b) there is a legal proceeding that might significantly al~fect Lender s interest in the Property and/or rights under tlfis Security Instrument (such as a proceeding i~ bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over tiffs Security Insa'ument or to enforce laws or regulations), or (c) Borrower has abatdoned th,~ Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's i interest in the Property and rights under this Security InsU'mnent, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but iare not limited to: (a) paying any sums secm'ed by a lien which has priority over tlfis Security Instrument; (b) appearing in court; and (c) paying reasomble (~-6(WY} {ooos~ Page 7 of 15 attorneys' fees to protect its interest in the Prop its secured position in a bankruptcy proceedi~ entering the Property to make repairs, change ] front pipes, eliminate building or other code w on or off. Although Lender nmy take action un~ under any duty or obligation to do so. It is agr actions authorized under this Section 9. Any amounts disbursed by Lender under secm'ed by tiffs Security Instrmnent. These am disbursement and shall be payable, with such payment. If this Security Instrument is on a leaseh, lease. If Borrower acquires fee title to the Pro Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender requ! Borrower shall pay the premiums required to n~ the Mortgage Insurance coverage required by L previously provided such insurance and Borrm toward the premiums for Mortgage Insuranc~ coverage substantially equivalent to the Mortg equivalent to the cost to Borrower of the Mt mortgage insurer selected by Lender. If subs available, Borrower shall continue to pay to LeJ were due when the insurance coverage ceased payments as a non-refundable loss reserve in non-refundable, notwithstanding the fact that th required to pay Borrower any interest or eanfinl reserve payments if Mortgage Insurance coveral provided by an insurer selected by Lender ag separately designated payments toward the prem2 Insurance as a condition of making the Loan a payments toward the premiums tbr Mortgage nmintain Mortgage Insurance in effect, or to requirement for Mortgage Insurance ends in acc{ Lender providing for such termination or until Section 10 affects Borrower's obligation to pay Mortgage Insm'ance reimburses Lender ({ may incur if Borrower does not repay the Lo " 2.06 .'rty and/or rights under this Security InsU-ument, including g. Securing the Property includes, but is not limited to, >cks~ replace or board up doors and windows, drain water ~lations or dangerous conditions, and have utilities turned er this Section 9, Lender does not have to do so and is not :ed that Lender incurs no liability for not taking any or all tiffs Section 9 shall become additional debt of Borrower rants shall bear interest at rite Note rate from the date of interest, upon notice from Lender to Borrower reqnesting Jld, Borrower slmll comply with all the provisions of the erty, the leasehold and the fee title shall not merge mfless ed Mortgage Insurance as a condition of making the Loan, .intah~ the Mortgage Insurance in effect. If, for any reason, ruder ceases to be available from the mortgage insurer that eer was required to make separately designated payments , Borrower shall pay the premiums required to obtain ~ge Insurance previously in effect, at a cost substantially ,rtgage Insurance previously in effect, from an altenmte Iantially equivalent Mortgage Insurance coverage is not tder the amount of the separately designated payments that to be in effect. Lender will accept, use aid retain these lieu of Mortgage Insurance. Such loss reserve shall be .~ Loan is ulti~nately paid in full, and Lender shall not be Is on such loss reserve. Lender can no longer require loss le (in the amount and for the period that Lender requires) fin becomes available, is obtained, and Lender requires urns for Mortgage Insurance. If Lender required Mortgage ad Borrower was required to make separately designated insurance, Borrower shall pay the premiums required to provide a non-refundable loss reserve, until Lender's ~rdance with any written agreement between Borrower and ;rmlnution is required by Applicable Law. Nothing in tiffs ~terest at the rate provided in the Note. ' any entity that purchases the Note) for certain losses it m as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insm'ers evaluate their total risk~n all tach insurance in lbrce from time to time, aid may enter into agreements with other parties that sha~e or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactorylto the mortgage insurer and the other party (or parties) to these agreements. These agreements may requir~the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained t¥om Mortgage Insurance premiums). , As a result of these agreements, Lender, .' any other entity, or any affiliate of any of the fi derive from (or nfight be characterized as) a p~ exchange for sharing or modifying the mortga provides that an affiliate of Lender takes a si] premimns paid to the insurer, the arrangement is (a) Any such agreements will not affe~ Mortgage Insurance, or any other terms of ti Borrower will owe for Mortgage Insm'ance, m (~d6(WY) Iooo5~ ny purclmser of the Note, another insurer, any reinsurer, ~regoing, may receive (directly or indirectly) amounts that rtion of Borrower's payments Ibr Mortgage Insurance, in ge insm'er's risk, or reducing losses. If such agreement are of rite insurer's risk in exchange /hr a share of the o/ten termed "captive reinsurance." Further: t the amounts that Borrower has agreed to pay for e Loan. Such agreements will not increase the amount td they will not entitle Borrower to any refund. Page 8 of 1 E Form 3051 1/01 (b) Any such agreements will not affec Mortgage Insurance under the Homeowners may include the right to receive certain Mortgage Insurance, to have the Mortgage refund of may Mortgage Insurance premiun~ termination. 11. Assignment of Miscellaneous Proc~ assigned to and shall be paid to Lender. If the Property is damaged, such Miscella the Property, if the restoration or repair is ec~ During such repair and ~cstoration period, Lend until Lender has had an opportunity to inspect Lender's satisfaction, provided that such inspec~ repairs and restoration in a single disbursem completed. Unless an agreement is nmde itt wri Miscellaneous Proceeds, Lender shall not be ] Miscellaneous Proceeds. If the restoration or re be lessened, the Miscellaneous Proceeds shall 1 whether or not then due, with the excess, if an applied in the order provided for in Section 2. In the event of a total taking, destructi Proceeds shall be applied to the sun~ secured the excess, if any, paid to Bon'ower. In the event of a partial taking, dcstructic value of the Property ilmnediately betbre the greater tlmn the amount of the sums secured taldng, destruction, or loss in value, unless £ secured by this Security Instrument shall be multiplied by the following fraction: (a) the partial taking, destruction, or loss in value divi~ before the partial taking, destruction, or loss in In the event of a partial taking, destructio~ value of the Property iimnediately before the p; amount of the sums secured inunediately belbr Borrower and Lender otherwise agree in writing secured by this Security h~stmment whether or n If the Property is abandoned by Borro~ Opposing Party (as defined in the next sentenc~ Borrower fails to respond to Lender within 30 ~ .to collect 'and apply the Miscellaneous Proceer sums secured by this Secm'ity Instrument, whell' that owes Bon'ower Miscellaneous Proceeds Or regard to Miscellaneous Proceeds. Borrower shall be in default if any action Lender's judgment, could result in forfeiture ~ interest in the Property or rights under' this Sec acceleration has occurred, reinstate as provided dismissed with a ruling that, in Lender's judgm inapairment of Lender's interest in the Property any award or claim tbr damages that are attribut~ are hereby assigned and shall be paid to Lender. All Miscellaneons Proceeds that are not applied ha the order provided for itt Section 2. (~-6(WY) (ooo5~ the rights Borrower h~ - if any - with respect to the Protection Act of 1998 or any other law. These rights [isclosures, to request and obtaiu cancellation of file nsurance terminated automatically, and/or to receive a 'that were unearned at the time of such cancellation or eds; Forfeiture. All Miscellaneous Proceeds are hereby aeous Proceeds shall be applied to restoration or repair of ~nomically feasible and Lender's security is not lessened. ~r shall have the right to hold such Miscellaneous Proceeds such Property to ensure the work has been completed to ion shall be undertaken promptly. Lender may pay for the :nt or ia a series of progress payments as the work is lng or Applicable Law requires interest to be paid on such :quired to pay Borrower any interest or earnings on such air is not economically feasible or Lender's security would applied to the sums secured by lifts Security Instrulnent, paid to Borrower. Such Miscellaneous Proceeds shall be m, or loss in value of the Property, the Miscellaneous ,y this Security IusU'ument, whether or not then due, will] ., or loss in value of the Property iu which the fair nmrket ,artial taking, destruction, or loss in value is equal to or y this Security Instrument immediately before the partial xrower and Lender otherwise agree in writing, the sums reduced by the amoum of the Miscellaneous Proceeds )tat anmunt of the stuns secured immediately before the :d by (b) the fair market value of the Property immediately aluel Any balance shall be paid to Borrower. , or loss in value of the Property in Milch the fair market trfial taking, destruction, or loss in value is less than the the partial taking, destruction, or loss in value, unless the Miscellaneous Proceeds shall be applied to the sunks the sums are thru! due. :r, or if, after notice by Lender to Borrower that the ) offers to nmke an award to settle a claim for damages, ~ys after the date the notice is given, Lender is authorized '. either to restorat!,o,n or repair of ,the Property or to the x or not then due. Opposing Party means the third party he party against whom Borrower has a right of action in ~r proceeding, wlaether civil or cfinfinal, is begma that, in f the Property or other material impairment of Lender's trity Instrument. Borrower can cure such a default and, if in Section 19, by causing the action or proceeding to be mt, precludes forfeiture of the Property or other material or fights under lifts Security Instrument. The proceeds of tble to the impairment of Lender's interest in the Property .pplied to restoration or repair of the Property sludl be Page 9 of 16 (,/ ' / Form 3051 1/01 12. Borrower Not Released; Forbearan payment or modification of amortization of the to Borrower or any Successor in Interest of Bo: or any Successors in Interest of Borrower. Len any Successor in Interest of Bon'ower or to amortization of the stuns secured by this Securit Borrower or any Successors in Interest of Borrc remedy including, without limitation, Lender' Successors in Interest of Borrower or in amoum preclude the exercise of any fight or remedy. 208 :e By Lender Not a Waiver. Extension of the time Ibr urns 'secured by this Secm'ity Instrument granted by Lender rower shall not operate to release the liability of Borrower ler shall not be required to co~mnence proceedings against refuse to extend time for payment or otherwise modify , Instrument by reason of any demand made by the original ~er. Any forbearance by Lender in exercising any fight or acceptance of payments Rom third persons, entities or less than the amom]t then due, shall not be a waiver of or 13. Joint and Several Liability; Co-sig~ rs; Successors and Assigns Bound. Borrower covenants and agrees tlhat Bon'ower's obligations and liabi ity shall be joint and several. However, any Borrower who nmke any acconm~odations with regard to the terms of fids Security Instm]nent or die Note without die co-signer's consent. 1 Subject to die provisions of Section 1[ Borrower's obligations under this Security Insa all of Borrower's rights and benefits under this Borrower's obligations and liability under this I writing. The covenants and agreements of ~ Section 20) and benefit the successors and assig] 14. Loan Charges. Lender may charge ' orrower s default, for the purpose of protectt Security InsU'ument, including, but not limited In regard to any oilier fees, the absence of expr¢ fee to Borrower shall not be construed as a proh fees that are expressly prohibited by fids Securit' If the Loan is subject to a law which sets l~ that the interest or oilier loan charges collected , any Successor in Interest of Borrower who assumes umefit in writing, and is approved by Lender, shall obtain Security Instrument. Borrower shall not be released from ;ecurity Instnm~ent unless Lender agrees to such release in Security Instrmnent shall bind (except as provided in . of Lender. ]orrower fees for services performed in co~mection with ~g Lender's interest in the Property and rights mnler this :o, attorneys' fees, property inspection and valuation fees. ss authority in tiffs Security Instrument to charge a specific [bition on the charging of such fee. Lender may not charge , Instnm~ent or by Applicable Law. aximum loan charges, and that law is finally interpreted so or to be collected in com~ection with the Loan exceed the pernfitted limits, then: (a) any such loan charg: shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums ~tlready collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender nay choose to make this refund by reducing fl~e principal owed under the Note or by making a direct payn~gnt to Bon'ower. If a retired reduces principal, the reduction will be treated as a partial prepay~ent .without any prepayment charge (whether or not a prepayment charge is provided for under the l~ote).' Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a walver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrow must be in writing. Any notice to Borrower in c have been given to Borrower when mailed by notice address if sent by other means. Notice to mdess Applicable Law expressly requkes otl~e unless Borrower has desig~mted a substitute not notify Lender of Borrower's change of address. change of address, then Borrower shall only ret There may be only one designated notice addr ~mtice to Lender shall be given by delivering stated herein unless Lender has designated cmmection with tlfis Security Instrument shall received by Lender. If any notice required by t Law, the Applicable Law requ/rement will sa Instrument. (~-6(WY) {ooo~) er or Lender in cmmection with this Security Instrument >~mection with this Security Instrument shall be deemed to first class mail or when actually delivered to Borrower's any one Borrower droll constitute notice to all Borrowers :wise. The notice address shall be the Property Address .ce address by notice to Lender. Borrower shall promptly If Lender specifies a procedure for reporting Borrower's ,orr a change of address through that specified procedure. ~ss under this Security InsLrument at any one time. Any : or by mailing it by first class mail to Lender's address aother address by notice to Borrower. Any notice in at be deemed to have been given to Lender until actually Iris Security Instrmnent is also required under Applicable tisfy the corresponding requirement under tiffs Security :'age 10 of 15 16. Governing Law; Severabillty; Rules of Construction. Tiffs Security Instrument shall be governed by federal law and the law of the j~risdiction in which the Property is located. All rights and obligations contained in this Security hkm'uthent are subject to any requirements and limitations of pphcable Law. Applicable Law nnght exphcffiy or lmphcltly allow the parties to agree by contract or it might be silent, but such silence shall not be c~nstrUed as a prohibition against agreement by contract. In the evem that any provision or clause'of this iSecurity Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrumeaat or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a), words of the masculine gender shall mean and include corresponding, neuter words or words of the l~minine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the Word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. ,, 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, Interest in the Property" means any legal or b~ueficial interest in the Property, including, but not limited to, those beneficial interests transferred iu a hood for deed, contract for deed, installment sales contract or escrow agreement~ the intent of which is the trapsfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any I~t;erest in the Property is sold or transl~rred (or if B.o, rrower is .not a ~atural person and a bealefmial interest, in Borrower is sold or transferred) without Lender s prior written consent, Lender may require ilnmedi'i, te payment in full of all stuns secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender s~all give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days froml the date the notice is given in accordance with Section 15 within which Borrower must pay all sums sec~tred by this Security Instrument. If BmTower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or dean,and on Borrower. 19. Borrower's Right to Reinstate Af:er Acceleration. If Borrower meets certain conditions, Borrower slhall have the right to have enforce] nent of this Security InsU'ument discontinued at any time prior to the earliest of: (a) five days before sale tiffs Security Instrmnent; (b) such other perio, Borrower's right to reinstate; or (c) entry c conditions are that Borrower: (a) pays Lende Instrument and the Note as if no accelexation h~ agreeanents; (c) pays all expenses incurred in m to, reasonable attorneys' fees, property inspe purpose of protecting Lender's interest in the takes such action as Lender may reasonably r~ of the Property pursuant to any power of sale contained in las Applicable Law might specify for the termination of a judgment enforcing this Security Instrument. Those ~ all sums which then would be due under this Security id occurred; (b) cures any default of any other covenants or 5orcing this Security Instrument, including, but not limited :tion and valuation lees, and other fees incurred for the 'mperty and rights under this Security Instrument; and (d) ',quire to assure that Lender's interest in the Property and fights under fltis Security Instrument, and Bon awer's obligation to pay the sums secured by dais Security Instrmnent, shall continue unchanged. Lender may requir9 that Borrower pay such reinstatement sums and expenses in one or more of the following forths, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, a'easurer's check 0r cashier's check, provided any such check is drown upon an institution whose deposits are insured by a ~ederal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by BorroWer, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleraticn had occurred. However, this fight to reinstate shall not apply in the case of acceleration under Section 1 20. Sale of Note; Change of Loan Servi~ the Note (together with this Security Instrume: Borrower. A sale might result in a change i~ Periodic Payments due under the Note and tl! servicing obligations under the Note, this SecU one or more changes of the Loan Servicer um'e o :er; Notice of Grievance. The Note or a partial interest in · 0 can be sold one or more times withoUt prior notice to the entity (lmown as the "Loan Servicer") that collects is Security Instrument and performs other mortgage loan fity Instrument, and Applicable Law. There also might be ated to a sale of rile Note. If there is a c 'hange of the Loan Servicer, Borrower will be given written notice of the change wlfich will state the name and address of the new Loan Servicer, the address to which payflaents ~muld be made and any other information RESPA (~d6(WY) Page 11 of 15 Form 3051 1/01 requires in com~ection with a notice of transferI of selw'icing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, axe mortgage loan servicing obligations to Borrower will renmin with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser mfless otherwis0 provided by the Note purchaser. Neither Borrower nor Lender may conancnce, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises fro]n the other party's actions pursuant to this Security Instrument or that alleges that tl~e ofl~e.,r party has breached auy 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 requirelnents of Section 15) of such alleged breach and afforded the other party hereto a reasomtble period after the giving of such notice to take corrective action. If Applicable Law provides a time period which, nmst elapse before certain action can be taken, that time period will be deemed to be reasonable for proposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuont 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 Enviromnental Law and the following substances: gasoline, kerosene, other flanunable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials conbaini]lg asbestos or formaldehyde, and radioactive materials; (b) "Enviromnental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or envirmm~ental protection; (c) "Enviromnental Cleanup" includes any response action, remedial action, or removal action, as defined in Enviromnental Law; and (d) an "Enviromnental Condition" means a condition that can cause, contribute to, or otherwise trigger au Environmental Clealmp. Borrower shall not cause or permit the p~ese~]ce, use, disposal, storage, or release of any Hazardous Substances, or tin'eaten 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) wlfich creates an Enviromnental Con4ition, 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 recogni~d to be appropriate to normal residential uses and to nmintenance of the Property (including, but no~ lixrfited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, denmnd, lawsuit or other action by any govenmxental or regula!ory age~tcy or private party involving the Property and any Hazardous Substance or Environmental LaW of which Borrower has actual knowledge, (b) any Enviromnental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, aid (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 govermnental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Envirmmaental Law. Nothing herein shall create any obligation on Lender for an Enviromnental Cleanup. (~-6(WY) Iooosl Page 12 of 115 · ~i~~ Form 3051 1/01 NON-UNIFORM COVENANTS. Borrow 22. Acceleration; Remedies. Lender sha Borrower's breach of any covenant or ag acceleration under Section 18 unless Applica the default; (b) the action required to cure ti the notice is given to Borrower, by which th default on or before the date specified in the this Security Instxument and sale of the Pr( right to reinstate after acceleration mid the r a default or any other defense of Borrower 1 before the date specified in the notice, Lende all sums secured by this Security Instrunien sale and any other remedies permitted by expenses incurred iii pursuing the remedies i reasonable attorneys' fees and costs of title e' ~r and Lender further covenant and agree as follows: 1 give notice to Borrower prior to acceleration following :cement iii this Security Instrument (but not prior to fie Law provides otherwise). The notice shall specify: (a) .e default; (c) a date, not less than 30 days frmn the date e default must be cured; and (d) that failure to cure tbe notice may result in acceleration of the sums secured by .perty. The notice shall further inforln Borrower of the ight to bring a court action to assert the non-existence of o acceleration and sale. If the default is not cured on or r at its option may require immediate payment iii full of : without further denaand and may invoke the power of Applicable Law. Lender sball be entitled to collect all ,rovided in tiffs Section 22, including, but not limited to, ,idence. If Lender iuvokes the power of sale, L~nder shall give notice of intent to foreclose to Borrower and to the person iii possessimi of the Prol~erty, if different, ill accordance with Applicable Law. Lender shall give notice of the sale to Borrc~ver in tbe manner provided iii Section 15. Lender shall publish the notice of sale, and the ProPer!.~ shall be sold in the manner prescribed by Applicable Law. Lender or its designee may pm'cbase t~le Property at any sale. The proceeds of the sale shall be applied iii the following order: (a) to alii expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums s~cured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. l 23. Release. Upon payment of all sums s~cured by this Security Instrtm~ent, Lender shall release this Security Instrument. Borrower shall pay any Irecordation costs. Lender may charge Borrower a fee tbr releasing this Security Instrument, but only if~he fee is paid to a third party for services rendered and the charging of the fee is permitted under Applicable Law. I. 24. Waivers. Bon'ower releases and v~mves all rights under and by virtue of the homestead exemption laws of Wyoming. (~-6(WY) Ioooe~ Page 1:3 of 15 In~~<or~m 3051 1/01 BY SIGNING BELOW, Bon'ower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by B°rn)wer and recorded with it. Witnesses: (Seal) (Seal) -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower (~6(WY) 100051 Page 14 of 15 Form 3051 1/01 STATE OF WYOMING, r. TNCO~,N County ss: The foregoing instrument was acknowledged before me tl~s 22nd day of AUgust, 2003 by JENNIFER LORA MUNNERLYN AND IAN TIMOTHY MUNNERLYN by the~ Attorney in fact:.: Kathleen A. Daulton. (~-6G(WY) (ooo6} Page 15 of 16 RUG 8~ ~008 1~:45 FR WFHM PLANNED UNIT "Lendm'") of the same dale and covering 116 ~R~ ~l ~ZRO~ ~, ~e Pro~e~y Include% hut su~ p~cl~ ~d c~ co~ ~e~ ~T~/CTZONS STAR VALLEY ~CH Bo~w~ ~d Len~r ~er cov~ A. ~ Oldi~lo~. l~o~mt~n, m~s~ {n~m. uc.l t. aay ¢qulv~c ~y by-~ws or o~cr due, ~1 dues ~d ~se~ lmp~e~ 00~2G79~60 MULTISTATI PUD RIDBR - (~7R [00051 VWl~ MOar~, 402 5~6 2G18 TO 91S0788~345'5 E,EVELOPMENT RIDER RIDI~It is nmdo thi~ 3,3~D Ony of v~r~, Dml ur TheiSt, o~ 3~Cu~ity Dccd 0~c '$ecurRy Ic~4gned (the 'Bonower') to ~ecu~e non'ower*~ Nora m pray d~'|~gd in th~ ~xity lng nnd Ii ~: ~cl of land improvcd widx e dwellh~, to.er w~th otae~ ltee, s~ described inCOF~ZM~T~, co~DZT:ZOI~ ~ Unit )vcnonu nnd ngree~ents ~de in the Xecu~ty ~fofln nil of l]orrowe~'e obli~tion~ mxder the PUP's ~" ~e the (I) T~e~]nt~iflu: (ii) a~ficlc~ uf , do~mne~ which crco~o the Own~s Asso~ation; and OWne~ A~soc~o~. T~m~ower rdudi promptly pay, when P.OI/OG 215 Prope, xty lmuran~, ~o 1o~ los; by corette is p~ovi~ ~ ~e Owners, A~oc~io~ polk, y. ~s~ne~ to ~offower m go--ion gqsig~ ~d s~l R. f,mdcr'a Prim' Couseat, Dorwwer prior wrttrt~t consem, nirh~ parfithm ui t~b de~tm~on ~ fi~e ~ o~ ~ or,,m ~( ~ty ~t ~ ~y ~vision of ~c ~Con~ of ~vr; (i~) t~Jx of pm~sio~ ~ Ass~Inl~; or Or) say ~thm whia~ would oovern8e ~ad ~y me Own~ As~ciatlo thall not. c~coc~ alter notice to Lender and with l. mdm"s fividc d~: Propmy or ocms:nt to: fi) tho nbmdonment or '.hi nr w~ni,=,tlm, requited by hnv in thc C~c of substantial .e~e of a ~nting by r~mdemnndnn or emintnu doumin; (ii) tment Doouments* ff U~ provision is for the ~q~.~e beneflc ~c:ay:nt and amnnptioa of ~eif mnnn~mmnt of me Owners haw tb~ effect of rcnclcdng tl~ pub]io liability insuran~ '1 up#c',:r,L)mldu Ltl* L~lsdc:t'. · F: Remedies. T~ ,~:,rmw=,' al.us .or pay ~PUD dur, s and ~s~ wh~ duo, ~ ~ ~y ~y ~l. ~y ~o~t$ ¢iSo~sed by ~e~ u~ Ibis p~8~ph F ~1 ~ ~fi~ ~ of ~ $~u~ Dy me ~Hty met~:. U~s BpnoW~r ~ ~ ~ to otb~ ~ of ~t, ~c m~umlt$ $I~1 bc~ int~r~c ~om t~ ~c ofl~s~ ~ ~ N~ mm ~d $~i ~ pay~le, ~ ~t~e~I, Up~ nOliur, fnjm l~.lluf tcJ Bot'roWcr]~ ~t. 11~7/i (0000} Pogc 2 od 3 AUG 22 200~ 1G:4G FR WFHM 402 53G 2G12 TO 913070B~34G5 216 P.OG/03 ~¥ $10NINO BELOW, BOn'ower :lc~,'cpt$ a~d U~ees Rider. _(~) ~(~) ~?n (O00B) 3t50 11O't ** TOTAL