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HomeMy WebLinkAbout89474003015689 WHEN EECORDED, MAIL TO: CHASE MANHATTAN BANK USA, N.A. 10790 Rancho Bernardo Road San Diego, CA 92127 ATTN: DOCUMENT CONTROL 89q 7 ,0 RECEIVED LINCOLN COUNTY CLERK, 03 qr'T 27 ,',v 10:2.6 [Space Above This Line For Recording Data] MORTGAGE / 5'"¢ 4. / 7- 7 Tills MORTGAGE CSecurity Instrument") is given oil JENNI L ~RISAMER AND WADE E GRISAMER, WIFE AND HUSBAND AS TENANTS BY THE ENTIRETIES March 12, 2002 · The mortgagor is ("Borrower"). This Security hlstrument is given to CHASE MANHATTAN BANK USA, N.A. which is organized and existing under the laws of UNITED STATES OF AMERICA , and whose address is 200 White Clay Center Drive, Newark, DE 19711 CLender"). Borrower roves Lender tile principal suni of ONE HUNDRED FIFTEEN THOUSAND EIGHT HUNDRED & 00/100 Dollars (U.S. $ 115,800.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on March 20, 2017 . This Security Instnm~ent secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modificatiot~s o1: the Note; (b) the payment of all other sums, xvith interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note..For this purpose, Borroxver does hereby mortgage, grant and Convey to Lender, with power of sale, the following described property located in bincoln County, Wyoming: Ail that tract or parcel of land as shown on Schedule "A" attached hereto which is incorporated herein and made a part hereof. 1236192610025300 which has the address of 3191 CR 110, ETNA [Street, City], Wyoming 83118 [Zip Code] (" Property Address'); WYOMING - Single Family - FNMNFHLMC UNIFORM INSTRUMENT Form 3051 9/90 Page, o16 VMp MORTGAGE FORMS - (800)521';~:,~.~_. ~. . ,',¥:i ~::,d ; ; ::: . ':' ..... GRI~ ' ":::~::'":" 43619450BB ' ' . TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referrecl to m this Security Instrument as the "Properiy." 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 encnmbrances of record. Borrower warrams and will defend generally the title to tile Property against all claims and demands, subject to any encnmbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants Ibr national use and non-uniform covenants with limited variations by jnrisdiction to constitute a unilbrm security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Paymeutot'Princilml and lu/erest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evklenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payinents are due under the Note, mail the Note is paid m full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insm'ance prenmuns; (d) yearly flood insurance premiulns, if any; (e) yearly mortgage insurance prenfiums, if any; and (I) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the maxinmm amonnt a lender for a federally related mortgage loan may require for Borrower's escrow acconnt under the federal Real Estate Settlement Procedures Act of 1974 as amended fi'om time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Fnnds due on the basis of current data and reasonable estimates of expenditures of thture 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, insmunentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender may 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 tile Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge tbr an independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be reqnired to pay Borrower any interest or earnings on the Funds. Borroxver and Lender may agree h~ writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Fnnds and the purpose tbr which each debit to the Funds was made. The Funds are pledged as'additional security for all sums secm'ed by this Secnrity Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall acconnt to Borrower for the excess Funds in accordance with the requirements of applicable law. If the alnount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Lender's sole discretion. Upon payment in full of all sums secured by this Security Instrument, Lender shall pro~nptly refund to Borrower any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Property, shall apply any Funds held by ixmder at the time of acquisition or sale as a credit against the sums secured by this Security Instrument. 3. Application o[ Payments. Unless applicable law provides otherwise, all payments received by Lender tinder paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; third, to interest due; lburth, to principal due; and last, to any late charges due under fl~e Note. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the maturer provided m paragraph 2, or if not paid in that nianner, Borrower shall pa5, them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amonnts to be paid nnder this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument nnless Borrower: (a) agrees in writing to the payment of the obligation secm'ed by the lien m. a maturer acceptable to Lender; (b) contests in good thith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enl'orcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender snbordinating die lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. Form 30~51t~/90 ~' ...~6H(WY) (9403).01 Page 2 of 6 Initials: _C~ 5. Hazm'd m- Property Insurance. Borrower shall keep the in]provements now ex]sung or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including floods or llooding, fur which Lender reqnires insurance. This insurance shall be maintained in tile amounts and tbr the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably witlflleld. If Borrower fails to maintain coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property in accordance with parngraph 7. All insurance policies and renewals shall be acceptable to Lender and shall include n standard mortgage clause. Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and reneWal notices. 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 arid Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is riot lessened. 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 by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle n claim, then Lender may collect the insurance proceeds. Lender may use tile proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin wbeu the notice is given.' Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of tbe monthly payments referred to ill paragraphs I and 2 or change the amount of the payments. If under paragraph 21 fire Property is acquired by Lender, Borrower's right to any insurance policies arid proceeds resulting fi'om damage to the Property prior to [lie acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to tile acquisition. 6. Occupancy, Preservation, Maintenance and Protection or tile Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year alter 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. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or conunit waste on the Property. Borrower shall be in default if any Ibrfeiture action or proceeding, whether civil or crinfinal, is begun that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrower may cure such a dehult and reinstate, as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good hith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations conceruing Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with al/the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 7. Protection of Lender's Rights in the Property. If Borrower fails to perform tile covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankn'nptcy, probate, for condenmation or forfeiture or to enforce laws or regulations), theu Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Lender does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secnred by Ibis Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. 8. Mortgage Iusnrance. If Lender required mortgage insurance as a condition of making the loan secured by this Security lmtrmnent, Borrower shall pay the prenriums required to maintain tile nrortgage insnrance in effect. If, for any reason, tile mortgage insurance coverage required by Lender lapses or ceases to be iu effect, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the mortgage insurauce previously in effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in ell-ecl, from all alternate mortgnge insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available, Borrower shnll pay to Lender each month a suni equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve Form 3051 9/,80 ,.....~6H(WY) (9,~o3).o, Page3o[6 i ' : 272: GRISAMER :::::;:'::'i 43619450BB :' .JJ C~, payments may no longer be required, at the option of Lender, il' mortgage insnrance coverage (m the amonnt and for the period that Lender requires) provided ~y an msnrer approved by kenSer again becomes available and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance m effect, or to provide a Joss reserve, until the requiremenl lbr mortgage insurance ends inhccordance with any written agreement between Borrower an~ Lender or applicable law. 9. lnspectiou. Lender or its agent may make reasonable entries upon aud inspections el' die Proper~y. Lender shall give Borrower notice at the time of or prior m al~ inspection specil~ing reasonable cause for the inspection. 10. Condemnation; The proceeds of any award or claim Ibr damages, direct or couscquential, in connection wid~ any condeumation or otber taking o~' any part of thc Proper~y, or fbr conveyance in lieu of condenmation, are hereby assigned and shall be paid to Lender. In the event of a total taking o~ the Property, the proceeds shall be applied to ll~e sums seem'ed by this ~ecurity h~strument, whether or not d~en due, wifl~ any excess paid m Borrower In tl~e event of a partial taking of the Property in wbich the ~air market value of the Property i~mnediately before the taking is equal to or greater than the amount of the sums secured by dfis Securi~ Instrument i~nediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the tbllowing fraction: (a) the total amount of the stuns secured inunediately before the taking~ divided by (b) the lhir market value of fl~e Proper~ immediately belbre the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Proper~ in wbicb the fi~ir market value of the Property innnediately before the taking is less than tbe amount of the SUlnS secured ix~ediately betBre the taking, unless Borrower and Lender otherwise agree in writing or mdess applicable law oflmrwise provides, the proceeds shall be applied to the sums secured by tiffs Security Instrument wbether or not the stuns are then due. If tbe ProperW is abandoned by Borrower, or if, afle[ notice by Lender to Borrower that the condenmor oflkrs to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after fl~e date fl~e notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Securi~ Instrument, whetber or not then due. Unless Lender and Borrower ofl~erwise agree m writing, any application of proceeds to principal shall not extend or postpone the due date of fl~e monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time IBr payment or modificatmn of amortization of ~e sums secured by this SecuriW Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liabili~ of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modi~ amortization of tbe sums secnred by this Securi~ Instrument by reason of any demand made by ~e original Borroxver or Borrower's successors in Mterest. 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 Bonnd; Joint and Several Liability; Co-siguers. The covenants and agree~nents of this Securi~ h~stmment shall bind and benefit the successors and assigns of Leuder and Borrower, subject to the provisions of .paragraph t7. Borrower's covenants and agreements shall be joint and several. Any Borrower Who co-signs this Securi~ Instrmnent but does not execute the Note: (a) is co-signing this Security Instrument o~y to mortgage, grant and convey that Borrower's interest hi the ProperW under fl~e terms of this Security Instrument; (b) is not personally obligated to pay the stuns secured by this SecuriW Instmlnent; and (c) agrees that Lender and any other Borrower may agree to extend, modil?, forbear or make any acconm~odations with regard to the terms of this Security Instrument or fl~e Note without that Borrower's consent. 13. Loan Charges. If the loan secured by tiffs Security Instrument is subject to a law whicb sets maxinmm loan charges, and that law is finally interpreted so that fl~e interest or other loan charges collected or to be collected in connection with ~e 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 ah'eady collected from Borrower which exceeded permitted limits will be refi~nded to Borrower. Lender may cboose to make this retired by reducing the principal owed under the Note or by making a direct payment to Bori'ower. If a re,nd reduces principal, ~e reduction will be treated as a partial prepayment without any prepayment charge nnder the Note. 14. Notices. Any notice to Borrower provided fnr in this Security Instrument shall be given by delivering it or by mailing it by first class mail u~ess applicable law requires use of another method. The notice shall be directed to the ProperW Address or any off, er address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated berein or any other address Lender designates by notice to Borrower. Any notice provided tbr m this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided m this paragraph. 15. Governing Law; Severability. This Secnrity Instrument shall be governed by lkderal law and the law of the jurisdiction in wbich fl~e Property is located. In the event that any provision or clause of this SecuriW Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security h~strument or die Note which can be given eftkct without the conflicting provision. To this end the provisions of this Secm'ity Instrnment and the Note are declared lo be severable. "*' .....~fiH(WY) (9403).01 Page 4 of 6 Inilia~{.' __ 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial Iuterest in Borrower. If all or any part of the Property or any iuterest in 'it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate paymeut iu full of all sums secured by this Security lostnmrent. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Iustrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower nmst pay all sinus secured by this Security · h]strument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrnment without fi~rther notice or demand on Borrower. 18. Bm'tower's Right to Reinstate. If Borrower meets certain couditions, Borrower shall have the right to have enforcement of this Security lustrument discontinued at an3, time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) be[ore sale of the Property pursnant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrun]ent. Those conditions are that Borrower: (a) pays Lender all suuls which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any defanlt of any other covenants or agreements; (c) pays all expenses recurred in enforcing this Security Instrument, iucludmg, but not limited to, reasonable attorneys' fees; aud (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the snms secured by this Security Iustm~nent shall continue unchauged. Upou reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as il' no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. 19. Sale of Note; Change o[Loau Servicer. The Note or a partial interest m the Note (together with this Security Instrument) may be sold one or more times withmtt prior notice to Borrower. A sale may result in a change in die entity (known as the "Loan Servicer") that collects montlfly payments due under the Note and this Security Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change 4f the Loan Servicer, Borrower will be given writteu notice of the change in accordance with paragraph 14 above and applicable law. The notice will state the name and address of the new Loau Ser'bicer and the address to which payments should be made. The uotice will also contain any other information required by applicable law. 21}. Hazardons 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 riot do, nor allow auyone else to do, anything affecting the Property that is iu violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly, give Lender written notice of any iuvestigation, claim, demand, lawsuit or other action by any govermneutal or regulatory agency or private party involviog the Property and any Hazardous Substance or Environmental Law of which Borrower has actual kuowledge. If Borrower learns, or is notified by any governmental or regulatory authority, fl~at any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions iii accordance with Environmental Law. As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Enviromnental Law and the following substances: gasoline, kerosene, other flanmlable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used fll this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdicti4u where the Property is located that relate to health, safety or enviromnental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleratiou following Borrower's breach of any covenant or agreement in this Security Instrument (hut not prior to acceleration under paragraph 17 unless applicable law p,'ovides otherwise). The notice shall specify: (a) the default; (b) the action reqnired to cm'e the default; (c) a date, nOt less than 30 days fi'om the date the notice is given to Borrower, by which tim default must be cnred; and (d) that failure to ctn'e the default on or before the date specified in the notice may resnlt in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall [nrther inform Borrower of the right to reinstate after acceleration mrd the right to hring a court action to assert the nou-existence of a default or any other defense of Bm'rower 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 iu full of all stuns secnred by this Security Iustrmnent without further deinaud and may invoke the power of sale and any other renredies permitted by applicable.law. Lender shall be entitled to collect all expenses incm'red in pursuiug the remedies provided in this paragraph 21, including, but not limited to, reasonable attorneys' fees and costs of title evideuce. If Lender invokes the power of sale, Lender shall give uotice of intent to foreclose to Borrower and to the person in possession of the Property, if differeut, in accordance with applicable law. Lender shall give notice of the sale to Borrower iii the'manner provided in paragraph 14. Lender shall publish the notice of sale, and the Property shall be sold in the lnanner prescribed by applicable law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied iu the foliowiug order: (a) to all expenses of the sale~ iucluding, but not limited to~ reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; mid (c) auy excess to the person or persons legally entitled to it. ~ ,-..;6H(WY) (94o3).o~ Pa~e s of 6 Inili~ 08 '!t740 g 7 2 22. Release. Upon payment of all sums secured by this Secnrity Instrument, Lender snail release [his Security Instrmnent to Borrower. Borrower slmll pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instrument, but orfly if the tee is paid to a third party for services rendered and the charging of the tee is permitted under applicable law. 23. Wuivers. Borrower waives all rights of homestead exemption in [l~e Property and relinquishes all rights of curtesy and dower in [he Property. 24. Riders to this Security Instrume,~t.. It' one or more riders are executed by Borrower and recorded together with this Security lnstmment, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the Covenants and agreements of tiffs Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] ~] Adjustable Rate Rider [~ Condomimum Rider ~] 1-4 Family Rider [-~ Graduated Payment Rider ~ Plmmed Unit Development Rider ~ Biweekly Payment Rider [~ Balloon Rider ~] Rate Improvement Rider {~ Second Home Rider [~ VA Rider ~] Othei'(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in,~fis Security Instrument and-hr any rider(~s) execnted by Borrower and recorded with it. W~E E ~RIS~ER -Borrower (Seal) (Seal) -Borrower -Borrower STATE OF WYOMING, '~.o..~.~ County ss: Tile foregoing instniment was acFmowledged betbre me this K'N~.-~O ~t}x., ~ ~ (date) (person acknowledging) Teton W~ng ~ ~ ~6H(WY) (9403) 0t Page 6 ot 6 Form 3051 9/90 [7' ? -:-'~ :' 2 7 2: GRI SANER :" ':"';'" :'7:7 ~ i.~; :: : ..':?:'iS;ii 43619450BB :..: G73 SCHEDULE "A" THE FOLLOWING DESCRIBED REAL ESTATE SITUATE IN THE COUNTY OF LINCOLN, STATE OF WYOMING, DESCRIBED AS FOLLOWS: BGINNING AT A POINT WHICH IS THE SOUTHEAST CORNER OF THE N ½ OF THE N ½ OF THE SOUTHEAST ¼ OF THE NORTHEAST ¼ OF SECTION 26, TOWNSHIP 36 NORTH, RANGE/~'WEST, 6T" P.M. LINCOLN COUNTY, WYOMING AND RUNNING THENCE NORTH 89 DEGREES, 59 MINUTES, 23 SECONDS WEST, 528.33 FEET; THENCE NORTH 0 DEGREES 27 MINUTES 24 SECONDS EAST; 166.40 FEET; THENCE SOUTH 89 DEGREES 59 FEET 42 SECONDS EAST, 528.80 FEET; THENCE S 0 DEGREES 17 MINUTES, 38 SECONDS EAST, 166.35 FEET, MORE OR LESS TO THE POINT OF BEGINNING.