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HomeMy WebLinkAbout897217Nationwide AdYantag¢ zor~gage company ~S46 Co~'Dorat¢ Drive ~uJ.~ lOO W~ D¢~ Moines, IA Brian~a Valencin~ 6546 CorporaCe DrJ.ve Euic~ 100 R¢s~ Des Mol~es, T~ 897 2 t7 ~FI: RE:,r_ ED ~Jp,: "(',: I~..~q'v CLERK L l~x.~L~'_.l~ .,Ly , ~ Abo~o Th~, Lin~ l~r R~curdinC Data] MORTGAGE ~ 1000102200059~0366 DRFINITIONS Words Used in multip[e ,~eclions of thJs doca~mr, nt are deigned below and oth~r words ar~ dafined in Sc~tioa~ 3, I I. 13. 18, 20 a 21. CemUn rules regarding IAe u~age of worcia -ned in thin do~Jm~m m~ ~lio larOVld~ in Section 16, (A) "~eurity lr~rumentn mezr~n thin docmmem, which lJ d~a Data.ar ~, 3003 toge~ wl~ ~1 ~der~ ~ thi~ d~ Borrow~ i~ tho mor~gagar und~ thh s:¢Ud~y Ins~rumem. (C) "MI~,R,T' is M~gage ~ec~omc Re~s~on ~a~s, 1~. ~ is a ~am co~omdon ~t ~ solely ~ a nomi~e for ~M~ ~d ~nd~r's S~Ce~ aM a;~l~. ~RS is Ihe ~o~¢¢ under Scc.rliy In~umem. M~RS i~ or~d ~ ~sh~ u~ ~c ~w~ or Dclaw~c. ~ ~s ~ r~O. I al to ~50 ooot, O~ Inlilalm; ~ 03 q (I3) "I~ndcr" ]a Nationwide Advarlcage Mortgage Company ~ndc~ i~ a Mortgage ComDa~y ~=r'~ad&~si~ 4546 Co~ora<e Drive, Suite 100, West De~ Holn=s. IA 5026~ ~) "N~e" m~ the promIs~ ~te s1~ by ~omower ~ ~t.d Dece~cr 12, '~e Note g~t~s ~t Bo~r owe~ ~nd~r One Hundred ~iShE~en ~ou~and and No/1 DO Dol~ (U.~. $ llO, 000, O0 .) pla inl~t. Bo~ ~ ~O~ed to pay ~g deb~ P~d~oP~Y~debtlnhll~tlat~ Janua~ ~, ~034 ~ 'Wropo~y" m~ ~e p~ ~t is desK~b~ bdow tlndPr ~e b~dl~ 'Tr~fer of ~oFo~. ' --' (~) "Lo~" meano ~c deb{ eviden~ hy (~ No(e, pl~ ln~e~t, ~y pr~aymenl ~ '~de~" ~c~ ~l R{dera t,o th~ Se~n~y ~em ~a~ ~ ono~d by ~o~w~. %c Ibllow~ ~der~ are ~ be ~ecu{~d by Bar.wet {~h~ box as app~cab]e]: B~oon Rider ~ P~.U U~t Devilment ~d~ ~ ]-d r~lv ~d~ VA ai~r ~ Biw:cMy P~mc~ R d~r ~ O~r(s) (J) "Appllrahle Law" mean~ all controlling applicable fedor~l, ~tato and local a~h,tm ordl~e~ ~d a~ativo ~le~ ~d ~der~ (~a( bavc ~ ~ct of law) ~ ~,11 as ~1 appllcabl~ fl~, n~-a~alable j~ ~i~o~, ' ~ge~ ~r ~e l~ed on B~row~ or ~e ~op~y by a ~ndo~ as.~ociafion, h~eow~rs ~, or similar paper I~l, wN~ ~ imfiat~ ~ough ~ elec~o t~ ~ho~c imminent, co~r, or magu~c ~e $o ~ m order, i~et, or eu~ori~ a fi~nc~ ~m6o~ to dehh or ~t ~eount. ~ te~ ]n~lud~, but ia no{ llmi~ I~. ~lnt-of~ ~s, a~l~:~d {eller ~an~a~do~, I~$~ra ,iMfialcd by ~eJ,~ho~e, ~re ~fers, and au{marcO ~le~in~o~e ~ "~eel~eo~ Proceeds" ~ ~ coronation, setd~ent, a~rd of ~8~, or proeeed~ pMd by ~y ~iM p~ (o~cr ~an {.su~ce pr~eed~ phd ~d~ U~e ~ve~ge9 deo~fi~ in S~fion 5) for: dm~ge Io, or d~c~on oL ~ Prop~y; (ti) ¢onde~fion or o~ ~ of ~[ or ~ paa of ~he ~1) c~eyance in lieu of ~ond~t{on; or 0v) mi~s~Uona of. o,r n~sslom ~ m, ~ ~ue ~ con~fion of ~e ~p~y. ~ "Mo~ l~ur~ce" me~ l~u~e promcfln8 ~er a~n~t ~e ~a~ent of. or default o~ ~ (O) ~eriodlc P~Yme~" m~ ~C r:~l~Jy $chedM~ ~o~: due ~r (ii pdnoip~ ~d in~rea[ ~er ~: Note. piua 0i) any amo~ ~er Section 3 or ~i~ $e~ty I~t~m~, · ) "~$PA" me~ ~e R~ Eahte Sot~m~{ Pr<~ A;t (12 U.&C. ~o~ thO1 ei s~.) ~d its or ~y ad~fio~ or ~uccc~t~r leglslalimt OF ~aUoa ~at $ove~ ~e ~e subj.{ ma~. AS uaed M ~$ S~m-[~ Mxtn)m~nr, "~A' refers to ~1 requir~en~ ~ fe~cdo~ ~a( ~c ~posed .in. regmd ~ a "feO~auy r~led mo~gage ~" ~ven if ~ ~ doe~ ~t q~ &~ a "~dera0y ~la~ed ma~gage Io~" un~r ~PA, (Q) "$u~ss~r in Interest of Bor~" me~s ~ p~ ~I ~ mk~n rifle ro ~ ~o~ny, wh~ or not T~SPER O~ ~OHT.~ ~ T~ PROPERTY ~ So~dcy ~ ~c~ to ~r: O) t~ ~ay~nt of ~ ~, anddt re~, extc~io~ ~d · moa~cauo~ or ~ Nat~; ~ (iD fie perforce of ~o~w~'s cnven~nts ~ agr~ ~er S~udty ~cnl and ~c Nom. Per rhi~ pure,e, ~a~ower do~s hereby mo~ge, g~t ~ cnnvey ~ ME~ (mldy ~ ~e for ~nd~ ~ ~dcr's succes.~ors ~ asslgg) and m ~ as~i~ of ME~, wl~ ~w~ of s~e, ~e foJlowl~ desefib~ pmpc~Y I~amd In the county of /Type of~oml~ ~risdi~a] [N~ ofR:~om[nz ~u~hd~d~ : All the following deacribed P~perty, h~.re, hy rel~a~in~ and ~aivin~ right~ under a~0 by vlrtu~ of Ehe hom~stsad exemptio~ l~w~ of LincQ!n Co~Ey, wyoming am d~cribed on the official Dlat ~h,reof. recorded in Book ~60 PR Page 488 in Che o~f[ce of ~h8 Lincoln Clerk. ~0%~ as ~16 HillVi~w Drlv~, Alton, WY 83110. Parcal # 32193110103200 g~nown as 21~ Hillvicw Drive, A~ton, wy 83110 P~[~cl ID Numbs: 32.192110103200 216 ~tllvlew Dr w~chc~nfly~ Af con ("Prepay ~es~'): fCi~l , Wy~i~ 83110 [Zip c~gj ToGBT~ER WI~ ~ ~ ~pmv~n~ ~W or ~a~ ~eC[~ Oa ~ pro~, ~ all c~c~n~, ~n~, ~ flx~ now or h~re~r a p~t of ~ p~p~. All .~.hmments ~ M~o~ eh~l ~o be eovo~d by ~ S~i~ Instm~.n~. All or ~ rorego~ l~ r~ed m ia "Prepay." B~er ~ ~d ~r~s ~[ MB~ ha[ds nn[y l~. aria m ~ in~e~ gr~[ed by Bo~ower ~ ~ ~ ~.~m~m~a. but, lrme~ to comply ~ law or c~mm, LeM~ ~ ~er'~ ~uc~sors ~ asaigm) has ff~c ~t; ~ exemt, e ~ or ~1 of ~se 1~, inclu~ng, .hut not l~d m, &c right ~/bre~e ~ ~ ~ ~opeay; ~ ~ ~ ~r ~fion mqul~d of Le~er i~u~, but not l~t~ to, ~l~ing ~ ~li~ &j,i Sezufity BO~OWER CO~ANTS ~t nonower ~ law~lly adam of &e ~m~ hereby ~nvey~ and ~ right m ~n~age, gr~t a~ convey ~ Pmp:~ a~ that ~e Property Is u~n~bered, e~ept ~r ~br~cs nf mznrd. Ba~wet w~ a~ Will ~feM gene~llg ~ ~e THL~ SECT~.ITY ~R~ENT c~bi~ u~fo~ eovc~ for ~o~ co~e~ M~ I~ted v~Ha~om by ~rt~d[e~an to e~am~ a ~ seo~ty im~mnt 04i UN[FORM COYI~NANTS. Borrower an~ t.m~er o~venara and agree as follows: 1, Payment or Principal, In~ere~, l~scrow Itern~, Prepayrn~nt Chsrges, ~nd I.~e Chargt,, gon'ower shall pay when ~e We pdnclpM of, s.,'u:l intcr~st on, /.he debt cvider~ca by t.~ No~e and any prepayment r~rges ~ h~e charges due unflcr thc Note. Borrower shall also pay f'und~ Iff Escrow Items ~ursu~nt If Section 3. Payment~ (bm nnder the Note and this Secumy tnsmmzent al'mil be made in U.S. currency, .However. if any r3mek or o~er Jnse'ument r~ceived by Lend~r ~ payment under thc Note or this Scotty lsosmunent xg returned to Lender u~aid, Let, der may require tha~ uny ~r ~Jl su~seque, n~ payments due under b% Note ~ [hi~ Security Instrument bc made in one nr more or ~ae t'ol]o~/l~ for'Il, is, ~ Selected by l.~nder: (a)cash: (b) money order; (r.) c~t~ ~ck, ha~ check, e~er's ~eck or ~hier's the&, pmvJdefl ~ ~ check Is ~wn up~ ~ i~alutlon wMse dep~ib ~e im~red by a ~ ~ency. Ins~t~y, ar enti~; or (d) Elec~o~o ~nds Pa~ents ~e d~ed mc=iv~ ~ ~cr w~en ~celwfl at ~ locat~n des~d in ~e No~ or at ~ueh o~ location a~ m~, be dc~l~t~ by l~er in a~n~ w~ ~ no~ provisiom in S~fion 15. ~.ndet may re~ ~y pa~ orp~ ~}~ent if ~e ~ or p~ ~.ymen~ ~c i~ci=nt to b~ng · e ~m c~ent. ~nder ~y ~c~t ~y pa~ or p~ ~a~ent imuffi~r ~ b~ the 1_o~ cu~, ~out w~vsr of ~y ~ght~ b~Mer or p~dlce to i~ fi~ts to m~se s~h palm or pamal pa~ in · e ~. ~l Lender {s ~to~ oNJgated ~ ~pply s~ pay~n~ al ~s ~ ~u~ Dyments a~ accep~d. If Pcfipflig Ps. em Is a~ us of its ~che~uled duo ~le, ~en ~nder need not p~ inte~st on unapplied m~. Le~ ~y hold ~eh ~pplied ~nds ~1 Bo~wcr m~cs pa~ent m b~ng the ~ eurrmt. Bo~ower does not d~ ,o wi&in a ~a~blc pefi~ af fim,e. ,l~er sh~[ ~r a~ly s~h ~da or · ~ Note ~ed~tely p~or to roreclvsure, No offs~ or ~I~ wMch Bo~ower mi~ We now or ~m~ agm~t ~der sh~i reliev~ Bo~w~ ~m ~ ~a~ flue' u~cr ~ No~e ~ t~S ~e~ or pertb~ ~ ~v~ta a~ age.cots s~red by r~ ,5~ ~ent. 2. Appll~tl~ or Ps. em or ~, ~ept ~ o~e~se dec.bed in ~S Section 2. all ac~p~ ~d applied by ~ sh~ bo applied in ~e ~llow~ o~er of pfi~: (~ Integer ~e ~ Note; ~) pfi~ due ~r ~c No~; (c) ~mmts doe n~ Section 3. Such pa~ ~ ~e appUed ~ Periodic P~ment ]n thc order in wh]~ 11 b~e flu~, A~y remlmng ~ounts s~l ~ appllsd first ]me C~. seco~ ~ ~y 0~ ~o~t~ flu0 u~der ~ig See~ I~ent ~ ~ea lo r~cc ~ pfinzi~l b~a~e of ~e Note, · ' H ~nder receive~ a pa~n{ ~om Bo~r .~r a dc~i~u~l F~lc ~ent wM~ l~udes a s~cien[ ~ [o pay ~ late ~ge due. ~ pay~nt may be appli~ ~ ~e deli~u~m paymml late ~h~ge. If ~ore ~ o~ Pe~oflm Pa~t i~ o~n~n8, ~nder may apply any paymm r~v~ Bo~o~ ~ ~e repaymon[ of ~ P*d~e Paymen~ if, ~d ~ ~e ~te~ ~at. =a~s p~nt cab be pZd In ~11. To ~e extent ~l any ~eaa ~s~ a~r ~0 p~m~t J$ applied to the ~1 pa~t of o~ or mo~ Peri.lc P~s. su~ e~esa ~y be appl~d to any Nte ~8~ fl~. Volun~y pr~a~nN ~1 be ~ppli~. flnl ~. ~y pr~a~ent ~ges ~g ~ ~ described in ~ Not~. Any applieafioa of payments, i~ee F~e~ds. or Mi~ccJla~s P~eed~ Io pa~p~ due ~ No{~ ~ not ~(enfl or postpo~ ~e due date. or c~e ~ ~o~t, of ~e P~C ~. Funfl~ f~ E~r.r,w l{ems. Borrower ~1 pay m ~Mcr on ~ day ~o~c Pa~en~ ~ due uqd~ ~e Note, ~u[ ~ No~ N p~ in ~I, a m (d~ "Funds") D provide for p~ent of ~ount, ~m for: ~bran~ ~ ~e Prop=fly; ~) l~olfl p~L~ or L~nd rents on me ~op~y, N ~y; (e) by ~ ~der Secuon 5; ~ (d) Mongaae ~ranco ~ms, ff~, or ~y ~ payable by Bo~wer to ~nd~ in I[~ of ~e ~am~t of Mortgage /nau~c p~l~s seeor~nce M~ ~ p~vifiom of geefion 10. ~csc t~m~ ~ ~lcd "K~crow lte~.- At'oflgt~tion or at ~y ~cssm~t~. if ~ny. ~ c~crou,ed by Bo~ower, ~ ~ dues, l~ ~ a~s~en~ shall he an ~w I~. Bo~ sh~l pr~ptly ~ Io ~nder ~1 nofic~ of ~o~ ~ ~ ~ und~ &ks Sec[i,n. Bn~ow~ shall pay ~er ~ ~unds for ~c~w I~o u~c~s ~nder wai~s B~mwcr's obligation ~ pay ~e ~dl Escrow h~s . Y Y ' fl ~. la ~ e~t g ~uch w~ver, Bo~ at~ ~mlC ~i~ $u~ wmver ma ~ held ~ n shall pay directly, Wh~ ~ w~r¢ ~yablo, ~e ~ounts duo ~r ~ ~c~w Itzms for wMch Imyme~ : :/: ):, i .: .', to provide rm~p~,~l ~r ti p~se~ ~ de.ed m b~ a cove~l ~d agrccm~t com~n~ la I~t~, a~ ~e phrase "cove~ ~d ~enr' Is ~ed In S~uon y, ff go~ow~ ia obBga~d rn pay ff~w I~ directly, p~ ~ a wdver, ~ ~o~w~ ~iJ,~ to pay ~ ~t duo tbr ~ ~crow u~ Section 9 to r~pay to ~d~ any mt~h ~t. ~Mer may ~vo~ ~ waivcr ~ to ~ l~ at ~y nme by a notice divan in a~or~e ~4rh Section 15 and, upon guch revocation, Borrower pay m ~M~ all ~s~s. aM m ~ ~ounl~, &at ~e ~en ~d ~ ~1~ See~t~n ~. ~Mer may, at ~ time. ~lJ~t ~ h~ ~ in ~ ~o~t (a) suffici~t ~ p~t ~Mer ~ a~ly re. orate esfi~es of expeMt~e~ or ~e ~cro~ Items or o~e~i~e in a~ord~ce ~ith Appl~a~le ~. ~ Pu~ s~l be held in an i~fi~fion ~ose depo~ti are i~ed by a f~er~ airy, i~t~nn~i~, or ~nfi~ 0~d~g ~r, if~d~ is ~ imtJm~on w~se deposits are aa ~4ured) at in ~y Fede~ Homo b~ B~. ~M~ shall a~pJy ~ ~undi to ~y ~ ~orow Ilems ~ later than ~ ~e sp~flfl~ ~nder ~PA. ~n~r shall no~ oh~ge B~n~cr ~r ~fl ~ ~ply~ ~o ~, ~ly analyzing escrow acco~, or v~ing ~e ~w I~s. unl~s I~er payg B~ ~le~S[ on ~e Applicabl~ ~w p~it~ ~r to ~ ~uch g chugs, U~s ~ ~=emcm Is ~e ~ wnm~ or Appli~abl~ ~w requires inle~st ~ bc paid ~n ~ ~, M~er ~hal ~t ~ ~qui~d to pay Bo~w~ ~ e~s ~ ~ ~. B~ower ~ ~nder can a~ in ~fln~. however, ~at interest ~1 ~ pad Funds, l~r ~l gtve m ~o~w~, wi~out c~gc, an ~1 acco~,flng at me ~ as req~red by ~PA. If ~em i~ a ~l~ of ~8 ~ld in escrow, ax flefimd ~er ~gPA, ~er ~1 Bn.ow~ ~r ~e ~cegg ~ds in accutec wi~ ~PA. Ir r~re Is a x~g, of ~s ~ld in defied under ~SPA, ~d~ ~ ~y Bo~ow~ a~ requl~ by ~PA. aM Barraw~ ~1 pay m ~r ~ mo~t neccssaU to ma~ u~ Ihe sha~ge in ~rd~e wi~ ~SPA, Mt tn nn .m~re ~ 12 ~o~y pa~. If &~ j~ a ~fietency of ~nd~ ~Id ~ elm% ~ defied uMer ~PA, ~r sh~l ~ d~fieiemyln acco~e with ~PA, ~ In no m~ ~ 12 rankly p~ent,, U~n piy~n~ in ~11 of ti sm secured ~ this Se~ty lmt~[, ~er ~hfll Wom~flv mhnd Bo~wer any ~M~ ~ ~y ~r. . - ~ ~1 Lic~. Bn~r ~flt pay ~l ~, m~s~ems, ~S, fi~. ~d lmp~sl~ a~fl~m~l~ ~ ~e Pr~y.w~ eau alan pfin.fity owr mtg S~rtty rm~s~, leopold paym~n~ or gr~ mnt~ on ~ ~p~ny, ff ~ny, ~ Con.Way A~odafion Duel P~s. aM Ag~e~t~, if ~y, To ~xl~l ~a[ ~s~ i~t am Exnmw I~s, Bo~ow~r ~t pay ~ la ~c ma~ pmvid~ In &~ton B~ow~r ~ p~pfly dis~ ~ lien ~1~ hal p~oflty ov~ ~s S~fi~ ~ent unless Bo~r: (a) afl.es In ~ m ~ pa~t of ~c obffgafion sec~ea by ~ 1t~ ~ a m~r aee~p~le ~der, but o~ so long as B~wer ~ peffoming a~ a~o~enC; ~) ~onaxa ~h~ 1~ In ~o~ ~ by, de~ a~n~t ~b~m of ~e lfcR ltl, legal ~ee~ng~ ~ch in ~r's opi~on ope~ie ~n prev~ or (c) ~ur~ ~ r~e ~er of ~ lien ~ agr~omem safis~to~ ~ ~.nd~ iubordt~an8 ~ Ji~ p~y ov~ ~S Sec~ty ~nt. ~ may give Bo~ower a ~e~ ido~b.i~ ~ lien. Wi~ln AIW~ (ooo~) P=~le GM 15 Farm aOX1 1/~'1 day~ *t: thc daa: oa which th3t I10rl£g B glveat. Borrower ~hall rati~ ~e ]l,n or ~e o~ or more of ac~on~ se~ fo~ above in ~[~ S~6on 4. ~ndrr m~ require Bo~wer Io pay a o~-~me c~ ~r a re~ esmt, ~x verification ~/or repo~ ~ice reed by ~der in co~e0on wi~ ~ ~ 5, ~e~y I~ce. ~onow~ sh~l ~ ~ ~rov~mt, ~w e~sfi~ ~ h~a~r erected on Pro.ny i~ed agent lo,s by tim. ha~r~ i~hdcd wi~in ~e ~m "~.ndcd covex~," md any o~er ha~8IOS l~ludlnfl, but nat l~t~ ~. ~ and floc&, for w~ ~nder re~[re, imu~nce, i~r~ce shall be m~i~ ia ~e ~ Oncladlng dcd,crible levds) ~ for ~e periods ~t req~s. WMt ~er requires p~m ~ $, prec~ ~ent~ c~ ~e dmng &, Ic~ of ~e ~n. ~* imme c~er providi~ ~c imu~nm s~l ~ c~s~ by go~am~ ~bJect to ~or's ~t to dl~ove ~offo~r'e ~iee, whi~ ri~t ~1 not b, ~xorci~ed um~aomb~. ~er may go~ow~ to v~', in co~cfion M~ &is/man. fl~er: (a) a ~e-~ ~de for flood mn, d~fion, cerflfl~fion ~d t~3~ ~e~; or ~) a on*-t~ eh~go for flood ~n* dctcmmfion a~ ~brvice~ ~d ~u~eque~ ~ eac& t{mg ~applngs or s~l~ ch~eg occ~ which l~ago~Bly affect s~ det~m6on or c~rfificafion. ~o~ower ~ ~0o be ~s~miblc ~ ~e payment o~ a~ im~os~ by ~ F~er~ Emergency Mamgm Ag~y In co~flon ~1~ ~, mvi~w of ~y fl~d If B~wcr .f~[~ ~ mgn~n ~y of ~e mverage~ descried above, Le~r ~y ebon 0or,rage, at ~r'S ~fioa ~ go~r's capcnqe. ~n~r k ,~ no o~lgaflon m p~a~e ~y pao ~ lar t~ or ~t or eocene. T~rer~, eu~ commie shall eowr ~nder, but ~t or ~t not prelect go~oW~, go~ow~'a e~ in ~ ~e~y. nr the r, ntems of ~e Propmy, agorot ~y ~}h et ]labl~ty ~ ~t provide ~ea~er ~ Iesaer eov,~, ~ wa~ ~viou~ly in effect. Bo~r ac~owl~ge~ ~al ~, cost of ~ lmurance covc~n so ebbed ~ght x~fle~fly ~eed ~e eogt of l~ur~e ~ Bo~ow~ multi ~ve ob~. Any ~oun~ die~med by LeM~ u~cr ~& Sec~on 5 ahal] b~ome additio~ debt of 9o~r aemred by ~s 3ncuflcy Ynst~ent. ~ese ~ s~ be~ interegt at · e Note r~e ~om ~e ~m o~ ~b~e~ ~ sh~l be payable, ~ su~ lng~o[, upon notice Rom ~nder m ~o~wer re~gafi~ p~mt. All Im~e pollcIOg r*~irea ~ ~er and renew~ of ~uch polici~ shMl be subj~t ~ ~nd.er~s fi~t ~ ~O~pmve such pnlivlea, shall lmJude a ~rd me,gage dau~e, ~ g~[ ~e ~er as mortgage, ~dlor ~ ~ ad~fio~l losa payee. Lender ahMI ~ve ~c ~ m hnld the pOl~im aM ce~ifi~te.% Jf l~er ~qul~. Bo~ower ~hall promptly gtve D ~nd*r ~1 recdp~ of p~d p~s r~now~ mfiee$, if B~ower obM~ any f,~ of imam cover~e, m ~t~se required by ~Mer. damage, lo. or des~cflon aL ~e Prope~y, ~ch ~ltey ~h~l i~lu~ a sm~ mortgage clauac ~ ~e ~nd~ ~ mort~ ~or aa ~ ad~fi~ loss p~ee. Iv. Ihe event or Io~ no~ow~ ~fll $ve prompt notic, m me imm~c, u~or ~d ~Mer. ~nd,r may wqO~, ~y lmm~e proceeds, wheat ~ not ~e ~doflyi~ i~qmne0 ~ re~ed by ~Mcr, ~1 be apvli,d ~ restoration or mp~ of fie ~e~. if the restoration or mpmr I~ eco~c~y reastb~ ~'s leery Is not legged. Du~n$ such repot and ~stmfi~ p~od, ~nder ~1 ~vc he ~t hold su~ imm~ p~c~s until l~Mer bas h~ ~ o~r~ty to ~ns~et m~ Propmy to ,~m ~ work ~g ~e~ c~pleted to ~der'g gafis~e~on, provided &~t such i~p~tion ~I be ~&~ promptly. ~er mgy ~i,qburse pmn~ds [~ ~ repflr~ ~ ~m~fl~ In a *~e payme~ or Jn a series of progr~a paymen~ as ~o ~'ork is eompbmd, Ufleas ~n agrem~ iS ~de in ~it~ or A~i~bls 12w mqul~ in~m~t tn be paid on ~ch I~e pm~dS, ~er ~h~l ~ot be required ~ pay ~o~Ow~r ~y i~t ~i~s on su~ pro~e&. Fees for public; ad~al~& ~ v~er ~ p~ies, re~m6 by Bo~ow~ S~l} ~t he paid m~t nf ~ J~ur~e pmce~ ~ shall be ~e ~olo obl~afion of Boca, er. If ~, restoration Or repair ~t eco~cdly f*~ible or ~M~'~ oe~ty wo~d be le~a~, ~e ~m~e pro~s sMII be appli~ 6A(~) (0~1~' ;,,;.=.~; V*rm ~051 1/Ol 044 If ~o~ow~r a~om ~e Pmp~. ~r ~ ~ls, ~o6~e ~ ~e~e any ~v~l~lc ~c cl~m c~r ~s off~ to sc~ a clam, ~ ~er ~y ~gotiate ~ setd~ ~ ~. ~ 30-~y period will ~egin w~ me no,Ce is ~Jv~n. In ei~ ~vcm. or if ~nd~r acqulrex ~ ~o~y ~r ~c~on 22 or o~c~sc. Boffo~r hereby amgm to ~r (a) Bo~w~'s n~t~ (o~er e~n ~ n~t m my r~ of ~ use t~ imbrue proce~ ei~ to repot or resm~ ~n 60 d~ys m~c ~ cxceuuon of t~.~ ~o~w~'s p~ipal reside for at ]eaa one y~ ~er ~ ~lc of n~e.pane~. ~exs ~er o~e~u a~re~ in w~, wh~ c~,~ent sham hoc ~t which gte beyo~ ~o~er's eonlrol. ~. Pr~rv~on, Mulnr~n~ce ~d Pr~e~lon ~ the Pro~y~ I~e~ons. Bo~r shall nne ~c~r or not Bn~wcr Is r~ng in ~e ~o~y, Bo~ow~ sh~l ~n ~e ~opcny in n~er m pr~cn~ ~ ~pe~y from deted~afl~ or dccrtasi~ in vM~ duc ro ia co. Iaaa U~ss 1[ 19 de~n~ p~t to ~od.to avoid ~r~ ~o~ or cn~ect[na ~th d~ge ~, or ~ ~nfl of, ~e Pr~efly, Bo~r ~1 be r~pon,~ibJn rnr r~p~flng or re~fi~ ~ Propo~y n~y if ~ ~.i rclr~e~ ~o~eed~ ~ ~u~ pu~x~. ~er may ~0b~e proceed~ ~r ~hz r~ ~ re~mrafl~ ~ a ~i~[o payme~ or ia compl,~d, If ~ i~c or coronation pr~ Bo~w~ Is mt ~leved of Bo~owor'e obl[~fi~ ~M~ or k~ agent may ma~e re~omble re~o~e cause, ~or may imp~t ~e ~efi~ of ~ ~pmv~nts oB ~ ~op~y. ~ ~1 giro Bonowcr ~fice at the time or or ~ ~o ~u~ ~ ln~r l~p~on speei~ing au~ r~o~blc cause. 8. Borrower'~ ~ A~li~un. Bo~w~ s~l be ~n de~ 1 i5, ~flng ~ ~ ~lca~on proc~, Bo~er or any p~r.m~ ar ~flfle~ aeXing eo~ gavo mat~ly ~[~e, misleading, or p~vidc ~n~r Mth mamr~ l~0on) ~e ~ Ii.toff ~, ~p~o~m~o~ eon~r~ Bo~wer's 9, ~o~lon of ~r~ Int~ in the Prnpe~y md ~t~ Under t~ S~y l~rument. If (a) Bn~wer ~ls m p~ ~ core.ars a leg~ proc~i~ ~t ~t sig~ficanfly affect ~r'~ Integer la Scanty ~nt (s~h as a proe~odi~ in b~p~v, probate, for co~m~on or lorfet~e, tar e~o~on~ of a ~n which m~y atr~a pdofley over ~ S~ ~t or m ~c laws er ~omb~ or appro~am m protect ~'~ intreat m ~t, l~n8 pro~c~ ~or ~sesslng ~ ~y. ~cr',~ acfion~ c~ 1~, 5~t ~e ~t l~il~ to: (a) paying my ;~ ~ccurcd by a lien w~ I~C 045 a~torn~ys' £ees tn £rolect Its tntexest in the Prop¢.rty and/or rights under ~ ~ccurlty .Itlstrumenl, Including ils secured position In a bankruptcy proceeding. Securing thc Property I~ludes, hut is not limited to, catering the -Property to make repairs, chang~ kinks, replace or board up doors ~ windows, ch'aia wa~r frra'a pipes, eliminatc buiMlng or other co~ violations or dan,serous conditions, and hay0 Iltllltles turned on or off. Although Lender may take action under th~ ~e~l~nn. 9, L~nder does not have lo do so and is not und, r any duty or obligation lo do ~o. It {s :~J-eed that I-.~md~ incurs no liability fur sol taking any or ;~]I acrlon_q authorizcx:l mld~r I'hi.s So;fish 9. Any mounts disbursed by Lender under this 8ecti. Ol~ 9 sh~ll ~come aadiUonal debt of Borrowr secured by ~hi~ Security l_~trmncnt. Thc. se arnounu shall bear intere~;t at the Note rate from Iht. date of disbursement and shall be paya~e, with such int-..re~t, upon matim Ii'tm ~er to Borrower requesting payment. If this Security Instrument i~ on a lca.sehold. Borrower ~hail comply with all the provisions of the lease.. If l]orrowcr ac~itea [m Uae to rue eromty, t~ leasehold and the fee title si:sail not merge unte~ Lander agrr:e-s m the merg~ ha writing, 10. l~rtga~ Insuranc~ If Ixndca' zequlred Mortgage L'~urance a~ a uonditton of making thc Lnan. Borrower shall pay the, premiums teq'ulred to muintuin the Mortgage Is~uranr:e in effect. Ir, for any reason, ohs Mnrtgage Imurance coverage required by Lcnd;r ce~.nes to be available from O~e mortgai~e triter that gruvioasly urovided ~uch immaoce anti Borsower was required ~o make separalcly de,slgnatcd paymeras ~ward thc lar~'-mh:ms ~ Mortgage ln~ra~e, Borrower ~hall pay the l~rmniums reql~red to obtain coverage m,hsmntlally equivalent to the Mortgage Insurance prevlr'nls{y In street, at a co~t ~bstanttally equivalent to the cost to ~ortower of thc Mortgage lmumz~e previously in etTect, from an altcrmtc mortgage in.surer selected by Lender. It ,mhstantlally eq'nlvalextt Mortgage [~urn.~e covcrage i,~ not avallahle, Borrower gr~ll COllflalle tn pay tn tender the amount of the eeparatcly dcsig~tt-:d p~ymenti Stat u~re clue when tho insurance corette ceased to be in effect. Lcnd,:r will accept, use and retain these payments m a nolt-rcfundable, -re~¢z"vc in liru of Mortgage Insurance. ~'uch lo~s r~serve 0hall be non-rrfundable, nmwithstanding tile fact that thc Loall is ultlnmtely paid in fall, and Lender shall not be required ~ pay Borrower any Interest or earnings or~ such los~ re~erv& ].xndcr can r~ lol~ger tetluJre In~g reserve payments hr l~fottgage In~uranc~ covera~.. (in thc mount and for thc periotl that Lender requires) provid,~d by an imurcr selectr, d by LenAer again becomes available, Is shined, and Lender requites acparatcly designated paymemg toward the pr~nfiurns for Mortgagr lks~rance, If Lender required Mortgage Innnance as a condition of malting the Loan and Borrower was rcquir~l tn .make separa~y designated payment~ toward the prnnlnm,~ tot Mortgage Insurance, Borrower rdmll pay the pre. mlumg tequ. lred to mainLaj_rt Murt~.gc In.~uraIlce .in effect, or to provide a non-refundable leas reserve, until Lender's r~quirnn~r, rot Mortgage Imurance ~nds in acoordan~c with any written agreement betwrcn Borrow~.r aruJ Lentter providing lbr ~uch termination or until I~rminatioil 1~ reqttlted by Applicable .Law. No~n8 In thl~ S~tion 10 af~cts lqor:rvw~r's obli~dou tn pay Interest at 0% rate provided in the Note, Mortgage Insurance mlrnbussc,~ .I~.nrl~r (or any ~flty tlm~ pumha~eo tho Note) for ccrtain loss~ ]t IDay incur if Borrower dom mt r,~ay the Loan a~ agreed. Borrower i~ not a party h, the Mortgage Insurance. Mortgage lr~urers evaluate their total rlsk on all such insurance In fOrr.~ Il'om {.i~'lo m time, and may enter into esteem,nfs with otJL~-r parties that. share or nlotlify their ri~k, or reduce losses. Th~c agn'me~qts al'e rm b:rms and condi,lo~ that are ~atist'actory 1o tho mortga~ in~umr ard thc. other party (or pam0s) to these agreements. 'l'heie agreements may require thc rrtarlgagr, insurer tn make paymsnb~ using any source of funds ~hat the mcrrtgagc imu_rcr may have avail.able (which may include fun& obtainu--d from M-rtgage Imurance ~mn~ums). As a result of thml~ at,roomerS. Lrndrr. any purch~.~er of the Note, ~r~oth,r imure, r, eny rein.~umr, an~ other entity, or nny affillatc of my or' the ~br~goln8, my re~eive (diet, fly or indirectly) amount:~ ~hat derlve from (or might be ch~act~rlzed ~) a potash of Borrower's payments ~ur Morrgage lnsurm'~e, in e~h~nge for sth~ng or rnociii),ing ~h, mort~, imurcr'a risk. or reducln~ losses, ir s"uch agreement .provides that an ~/iliate of Lender takes a ~ham ar the lnxu~er'~ n~k in exohango for a ~har~ of thc premiums veld rs the imurcr, thc arrangement I$ og~n tea'm¢cl "captive reinmrance.' fa) any such ~gr~omente will not afl'eot the amoura$ that Borr~wer trna agreed to M0rtsng, lneuranee, ~ any nth~,r te~s or the Lomb. Such ngreements will not. increa~e the mount Borrower will m~ for blortg~t~/~uranc~, and they will not entitle Borrower m ~ny refund. DO~ ~[,393;9B A(WY} ~o~) P~s ~ ~s Form asa! th) .~.~v ~uch agreements will nol allea £ht rlgh£s Barrmver h~ - If any - with reipact la the Mortgalle Insurance tmdar th~ Homaowners l~otection A~t o[ 1998 or any otlmr law. Thee ri~.ht~ may Include the right to receive cenaln disclosures, Io reauest and ob~n cancellallon ot th~ /rrm%gage ]nmrance, io have lhe l~rtgage lnguranee terminated automatically, and/m- t~ receive a ratund or any Mert~ge In.~ueanc¢ prcmlum~ that wcrc unearned at thc tirnr of such cancdlation or t~rmlnatlon. Il. Assl~anent of Miscellaneous Proceeds; Fortel£ure. All Ml,~cfllan~oll,~ Pr0c~de at~ kreby assigned ~ mad ~i'1~l I~e pas to Lermer. If the Propmy ia damaged, ~c.,h Mia;~llan~ous Proceeds shall be appli~ to restoration or re.pair of the ?topc~, if thc rcsloration or repair ia ¢conornicily fraxible and Len&r'.~ security i.n not kmen-d. During such rep:ur anti re;rotation penes, L~nrler f13.~l tare tm: rlglu to lmta tach Ml$cella.na~ou$ Ptoceed,~ IlIllit I.~aer has had an opportunity to impact su~ l>rc perry to ensure the work has been completed m Lende. r'~ ntid~n, provided that such iaqpcction .shall be restoration In a single dlsbur~emerg ar tn a ~erle$ agreement is made in writing or Applicable l.aw Lcndcr :flmll/mt bc nrquircd to pa0, Borrower any re~mrarlon or repair i.q not economic~ly feasible Proeeecl,a ~hall he applied to th~ ~um~ s~eured r:,grrn, if any. pa. kl to Borrower. Such Misce:llane Section Z In ~ ~v~nt of a Iotal la]dt-~ dostrucdon, or ~hall be applied to th~ sums a~cur, d blt ttds S~uri any. paid m Bormwr, r. In the event of a partial Uklng, destmeaoa, value of tl~ Property mamecliatety before the ps.rtl; than thc amounl of thc sums secured by this de~mmtlo~ or los~ In value, unless Borroa, er and I gecurity lnsmme~t oholl be reduced by the £ellowing fracdon: (a) thr tn -tel am,unt of the or 1o~ a valu~ dtvi&d by (tO the fair market v~. de0truction, Or lo,8 in value. Any balance ~hall be p In th~ event of a pa_niiil tLklng, de~:rmjun, value of ~ Property lmmecllate~y before [ha pat mount of the m~ aeeureci immediately Borrow,r and [arndm' othr-twise agn:e in writing, secured hy (his .~ecurtty In~trumertt whaher or rmt If the Property is aln_nOo~d ~y Borrower, Party (as defined in the r~xt sentence) offers to m~ tD mSpolld to la2ndc:r within 30 days after th~ apply ~he lv~sceltar~ous Proceeds either to re;total Seem'ky Instn.anenl, whcthor or not th~a du~. "01 Mi~lcdlanenua Pmc~ed,~ nr Ih" party a~imt wh, am. tlarrower ~hall he la default if any action o Lender's judgracta, could rmult ia fork:imm of In the Proper~y or fights under r~ Security Insure ling occurred, r~instalo as provided in Section 19, I ruling that, in. Le:zxt~'a jud/...nnent, pre¢hdr, s for T..~ld,.':r', .[nfcrcst in. rhJ: PTope..gy or rlgllLi ilnrl~ thl far damage/ mat are atmbuta~¢ to Che impalrmenl and &all I~ l)aid to Ladcr. All h, fl.~cellanera].~ PTncet. rlx Ih.at are. mI in ~ ordar proqd~d for la Section 2. undeaak~a pmrnptllc L~nder .may pay rot fpmgrels pa~t~ a~ ~ work iuim immet to be p~d on such ~vell~eom ~tere~t ~r eami~,~ na tach. Miscellamn~ ~er's secu~ty would be ~s~d, ~ S~ufily ~ent, who~er or ~t ~n due, wi~ ~e us PrDcceOs shall b~ a~lled Jn ~e o~r pmflfl~ tot la ese in vMue of ~ ~p~y, ~e Mlecell~o~ Proce~ [y ~¢m, ~c~ or not ~cn duc, ~ng. d~e~on, or ]oas in value is ~1 ~ or ~ator rarity .Inst~em .imm~teJ7 hc~rc e~ o~i~e agree in ~fing, ~ om of ~ ~cel~eou8 Prmeed8 m~fipl~d .~emrrA immeflCrdy he're t~ pa~al ua og ~ Property ~amly hefare dd m Borrower. ~r lo~ in vduc of ~ P~my in d~ m~g, &a~lon. ar lan In vMue · e p~ ~ng, dea~c~on, or 1o~8 in he MisPlaces Pmc~d~ abel[ be ~plicd mm ~ ~ue. fi, a~ ~ace ~y ~er m Bo~aw~ ~t ~ Oppmmg ko ~ awed to settle a c~n for ~8, go.ewer the ratine is given. ~nder .iA anti.al m or repmr of ~e Property m m ~ Bn.~ownr ~ a ~ghr nf a~rinn in regard m Mi~clla~otlS proeee~ng, who~er civU or ~, i, be~ ~z, in Pmp=~y or o~er ~lOal ~pai~ent ea~ing ~e ~elion or p~cee~g to be dismissed ~ a of ~'s i~rest ~ ~ Dopmy m rext~rina or rcpa~ of t~ ~npc~ s~J. hc appl~ 15~%035 ,,, ~') LOAN · ~lOO05flO'l~ ]f'tllg, Tq g ~f 10 POrlTI 30,~1 1/01 12. Borrovmr No! Rel~a~¢d.i Forb~ar~nt~ payment, o~ Illodl.0.cadOll of mmonizafion or ~c to ~orrower or ms.y Successor in In~st of any Su~c~sor~ in Int~r~ of Borrower. Lcndcr .~uccessor In Isaerest of Borrower or to refu~ et the sum~ secur, d by this Security lmtmment b ~ny Succca~or~ La In,rest of Borrower. Any fr inr. luding, wkhout UmitaOon. I~..ndel-'$ lnter~t O[ I~orrow~r or in amount~ le~s than the ex, rcisc of any fi~t or 13. Joint and &~tral LiahUity; Cn-.4~ner~; agrees hhat ~ormw:['; obligations and liability co-sierra INS Securlt.y ln0lrument but does not exec Imtrument only to mortgage, gram. and convey the .5'ectrdty Ilu;trument; (b) i~ not pe~',sonally obligated (c) agrees that I. cudcr and any other Bormwc accoatmodatlom Wltll legato t~ tlle terms of fills ¢011~ el'K, Subjecl to the provisions of Section 18. any S nhJigar om under ~h[~ Se. entity Instrumt,,nt In w i~orroa, er'~ rights and ben,~ und,r ~ Borrower's oblJgaliom m'td liability under this Se xvdtin8. Thc covrmant.~ aml agreements of this Sex 21J) m"ld benefit the gtlce,~org and a~;$i~ll~ Of I.~nde 14, Loan Ch~r~es. Lender ma?,' d~u'ge Bt Ben-ewer% rln, f~uh. rte dm, ImrPosc of prot~tlnl Security Instrument, including, but no~ lbnited to, regard to an,/ other foe~, the absence of expre~ au to g~n~wer shzll n~t be construed ~ a pmhlbldot flzar are expressly prtm~bitr_~ I~y this ~eeurity Imtrm It' the Loan is ~ubject to a law which sets ma that the interest or other loan c.~ges collected permitted limits, then; (a) any tach loan charge shal to the perml~d ltmlk and Co) an), ~, already will be.'refi.mflefl m Borrower. Le~er may choo~e the Note or by making a direct payment to l~orr~ treated as a partial, prepayment without ~my prep provided ?or m~der the Note). Borrower's acceptant will eor~utute a waiver of any right or action Bono, 1~, Nollces, All notices given by Borrower o: be 'kl writing. Any rtnfi.cc tn Bnrrnwv, r in crmnecru ~een gtven to Borrower when mxiled by ~.rgt cia address if sen! by other meanm. Notice to any ^ppllcable Law expressly requires otherwise. Borrower has design,sled a subglitufe notice afldr~ Lender of Borrower's change of addrc~& If Lend¢~ addre,~s, t~en !sorrower shaU only report a clmnge only one designated notice address under Offs Seem be given by delivering it tn' by mailing it by ha~ deslgnamd another ad~res~ by nottce m l~orraw ~ not ~e deemed to ha,,e be,a given to L~nder this Secm'ity Imtmmem iS also rmuh-~d under Apl the cnrve'4~p.rldir~ m~i.m, mcn! urutr, r this Dy Lender Not a Waiver. Extcn.qon of the Omo for u secured by r~s Security lx~b'urnent granted Dy Lender eer sh~ll not operate lo release the liability of Borrower or all not be n:quired to commence procecding,a agalmt any ×te~ tkr~ for payment or othera,~se mod~ amortization re,on of any d*mand made by dm original Borrower or be2rance by l.e. tuter jrl eae, rr.i,~ing any fight or remedy of payments Rom third per;om, ex, tines or S'Smce,sor, m mount thel~ duo, ah,ql not be a waiver of or preeXude the 8uc. c~:'~o£s and Assllip's Bound. Borrower mvenant~ and hall be joist and ~everal. ltowsvar, any Borrower who ~le' the Note (a "co-signer"): (tO i~ co-slgnh~ t},Js Sccm4~ co-signer's Interext in the Property under the term~ of ~s to pay the ;m-ns seemed by this Security Imtrumenl; · can agree to c.-,tlcnd, modify, forbear or ma~ any .~¢curlty Instrument or the Note without the coqlgner'g Jcoc~8or in Internal of Borrower who resumes Borrower's 'ltlng, and Ix approved by I Jmder, $1:LOJ. I obtain all of r-ity Im~rnent. Borrower shall not be relemed from urity InaQ"umenl units Ix:rider agme.~ to such rcle~.~e in trlty Immurmm si'roll brad (except ~ pmvldetl In SerUan 'rower feed for sonic% performed in connection Mth l~ndcr's Imerest In ~he Property and rights ruder thl~ a~lomcy~' £ee~, property impecfion and valuation feel In thodty in dais Security ires'torrent to charge a ~ecifie fee on ~he charging or such tee. Lender may not charge .tees sent or by Applicable Law. dmum loen eha.rg~, and that law i~ :ritually int'crprcted aa to be c~llected In connection wlt~ t~e Loan exceed the De ~due,~ by the amount necessary to reduce the fllecL-'xl from Bonower which exceeded pcrmktcd limitm to make thta refund by reducing ~u~ prlncJpal owed unMer wee. 11( a re[und reduces principal, the reduction will be ~yrncnt charge (whether or not a pr~mcnt charge e or ~y such retUnd made by direct payment m Borrower ['er might have arising out of such overdmrge. Lender In cormeclJon with thB Security In~Lrumcnt must ~rt w~rh rhi,~ .Scrmriry Insrrttmt:nt sh~Jl be deemed to have ;s mail or when actually delivered to Borrower's gotice Borrower shall eoo~titute notice to tll l]orrowera unicos .- notlce addres~ shall be lhe Property Address ~ by notice to Lender. Borro,.,t,,r shall 1;~romptly notify specific, a pmccdur~ for rCl~rting Borrower% change of r arMleSS through t~at specified procedure. Tlmm may be ky I&~Lrumen[ at any one lime. Any notice to Lender shall lass rr~l to Ix:ndcr's addrr~s staled her*in unl~a Ixnd~r _~r. Any nottce In c_nnn~cttoti urlth t.hi~ $~'urlg., Instrument ~dl actually received by l~nder. If ~y nones required by .licablc Law, tho Applicable Law rcquirmmcnt will ;s LrUment. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. 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. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine 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 beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require irrm~ediate payment in full of all sums 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 shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 wi~n which Borrower nmst pay all stuns secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrmnent without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest off (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrmnent and tile Note as if nd.acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the stuns secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal' agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon' reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrumen0 can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (lmown as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of file Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a DOC ~:322601 (~d6AtWY) (ooo5) APPL ~:2000594036 ~ LOAN #:2000594036 Initials: Page 11 ol 15 Form 3051 1/01 notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the meinber of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laWs and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Enviromnental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental I2w; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shail not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Enviromnental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance wlfich adversely affects tl~e value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. DOC #:322602 /~PPL #:2000594036 Initials: .~ LOAN #:2000594036 i~I~--6A(WY) (ooo$) Pa!~e ~2of ~s Form 3051 1/01 NON-UNIfORM COVENANTS. Borrower and Lender further covenant and agree as f~llows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Lmv provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the defanlt is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand ~md may invoke the power of sale and any,-other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with Applicable Law. Lender shall give not. ice of the sale to Borrower in the manner provided in Section 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable Law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to ali sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordation costs. Lender may charge Borrower a fee for releasing this Security Instnm~ent, but only if the fee is paid to a third party for servmes rendered and the charging of the fee is permitted under Applicable Law. 24. Waivers. Borrower releases and waives all rights under and by virtue of the homestead exemption laws of Wyoming. boo ,..3226o3 ,..2ooo o3 Initials: _ ~6A(WY) (ooos) Page 13 of 15 Form 3051 1/01 BY SIGNING BELOW, Borrower accepts and agrees to the temps and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Witnesses: (Seal) -Borrower (Seat) -Borrower (Seal) (Seal) -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower (Seal) (Seal) -Borrower -Borrower DOC ~t.'322604 (~<~6A(WY) (ooo5) APPL ~:2000594036 Page 44 o! 45 LOAN #:2000594036 Form 3051 052 STATE OF Vv~YOMING, Lincoln The foregoing instrument was acknowledged before me this by Shane D Fosner December 12, County ss: 2003 My Commission Expires: ~__~...Z,-. /3. DOC ~:322605 (~'6A(WY) (0005) APPL #:2000594036 Page 15 o! 15 LOAN W:2000594036 Form 3051 1/01 ADJUSTABLE RATE RIDER (1 ¥~ar Tre~s'~u'y Index - IR~e TH.~$ ADJUSTABLE PA'IH RIDItR is made this la ch day of Det':.~.mbmr, 2. 003 and ia Incorporated into and ~'all he. deemed m amend anti supplement th, Morlgage, Deed or Trust, or Security Deed (~he "Security Instrument") of the samc date kqvcn hy ~hc undm'slt~ned (tb~ "Borrower") to secure Dormwcr'~ AflJustah.[c Ratc Note (the "Not~") to Maeionwid~ Advancaqe t4orggage CamDnny - (the "Lender"). of the 8~lne rk[e m~d covering Otc pmpcrt~ dcsudhrat in th~,, Se~urlt~ InS~n.tmenl ~1l{1 loc~lcd at: 215 Nlllvimw Dr, Arian, MY 83110 THE NOTE CONTAIN8 PROVI3ION8 ILLOWIN~ ~OR CHANaEs IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMffS THE AMOUNT TH~ BORROWER'S I~E~EaT RATE CAN CHAN~E AT ANY ONE TIME AN~ THE ~XIMUM RATE THE BORROWER MUST PAY. ~DITIONAL CO~, ~ addition to ~e ~ve~b ~d ag~en~ ~ent, B~wcr a~ L~ fimhcr covet a~ ~e ~ ~Uowg: ~e Note provM~ ~r ~ ~fi~l inle~t talc o~ ~. 500 ~. ~ NO~ pmvMe~ for ~a~ea in {he immcst rate ~ ~e m0n~iy paym~ a~ follo~: (A) Ch~g~ DMe~ ~e jnf~ms[ ~le I will ~y may c~e on ~ first day of Oanuaq-, 2007 ~d on ~t ~y eve~ 12~ m0n~ ~cmafl~. ~h ~fn nn "Changc Date." DOC $,320061 APPD ~;20f)0594036 ~ g:2000S9403[ MUL~TAT~ AOJ0~T~LE ~ATE RIDER -ARM ~-I-31ngle ~amI~- UNIFORM IN~RUMENT Fan~le ~e ~5~6.2 ARM ~a2~R (~8) Fo~ 3111 1/01 0~) The Index [~egianm.~ with tho first Ch~ng~ Dat~. my in~-rr.~f ram wi}l be ba~ed on an rude. ~ "~- ~ ~e w~Uy average ~eld o~ U~d ~t~ Trea~u~ ~e~fi¢$ adiua~d ~ a co~t ma~d~ of nna year. made av~labb ~ ~e P~ ~a~c B~. ~h.c ~sf rec~ ~ ~gu~ av~hble ~ et' ~e ~te 45 day~ he,re ea~ C~e Da~ i~ c~led ~ "~n{ ~x," If the lncl,~ ii no longer available, the Note Holder will choose a ra;w indzx which is heard upon ¢ompa. rable infiarrne, fion, Thc Hole Hol.dr.r will glw. lrm ~otlc_e of tills choice, (C) CMctflatlon of Chnne~ Before each Change Date, tho Note 14olden- will ,~alculate my nr, w iu~st ram by p~menta~ point~ ( 2, s 0 0 ~) lo the Ourl~nt ~.ndcx. Thc Not~ I~nlder t, lffll ~en round me reset or ti~ addidoa ~ the, .nearest one-ell0ath of o~ percentage polnl (0.1'~,~). &~bj~¢t to [he limits stored in Scetion ~(D) below, thi,~ mtaxl~d amoum will be my n,w intecest r-are n~i.I. ~he n~"t Change Date. The NO~ Holder will then d~rrnin~ the a.mount of the. momhly paymera mat would bo s~fiei~nt to r,zpay rhr:. o. npald prlncDal that ! a.wl expected to owe at the Ch~go Date ~ full on the rn~tarity dmz at my r~w hale. reit rate in aubatantially equal payments. The re. su{t or Ihtt calculauon Will be the new amount of my monthly paymenL (O) Llrnlts on Interest i~ale Chnnee$ The inberest .rate 1' ara required m pay at the fLr~t Cl~nge Date will ~:~{~ be greater 6, ~00 ~ orleaa than 2. 500 c~. ,l%~mafrr..rl rn.y in(r..re~t rate z~'wcr b,: inert"..asnd ar drcreasr:d o~. any ~lngle Change Date by mare than two percentage poin~ (2.0%) fi.om the rate of inter, st I have, boon paying for tho p~ccding IZ months. My inmrr~r raw, will never be greater 10. fi00 %. ~) P. rtectlVe Date or My new interest rate will ~n~hly pay~ beg~ng on ~ flr~t~n~y pa~ dam after ~e ~e Da~ until ~c ~unt of my m0n~ly peym~ ~ng~s q~n, · DOC #:320062 APPL #:2O0059%03~ Page 2 of 4 LOAN #:200059¢036 Initisde; '~ FOrth a111 (F) Nmlc~. of Ch~n~ The Note Holder will deliver or mail to me a notice of any ehange~ iR my in,reit rats an~ the amount or my monthly ]payment bcMrc thc cffrErive date nf any change, Thc un{{c.c 'will. include in~rmat{on required by law to be given to me and clad {he title and telephone number of a person who will answer any question may have legarding Lh~ notice. B. TRANSFER OF THE PROPERTY OR A BF~'EFICIAL INTERF..~T IN BORBOWF, R $cO. ion 18 of the Security I~trumen! is amended to read a~ follows: Transfer of the Property Or '~ Beneficial Int~t~t in Borrower. As used In this Section "In,mst in thc P~:~pcrty' mocha any I~l~al or beneficial interest in the Property, including., but not llmlted to~ tboge beneficial Interests tran~fercnd In a bond ~r deed, contract far deed, lmtal.lnmnr salc* contract or escrow agree:moot. Lhe intern of which i~ {h~ trm~fcr of title by Borrower at furore date to a purchaser. If' all n.r any par[ r~f rbr: Properly nr an)' Int. r. rr.~t in the lam?erty Ls .~old or tran.qcrrcd (or Borrower ia not a natural peraon and a benoficM intervs~ in Borrower is sold or transferred) wldmut Le. nd.er's prior WTiTtCU consc:nt, ]x. udcr rr~v .~quirn imme. diaM pz)'mcnt in full of all secured by L}d~ Security Inatrument. ttow~v~r, this option ~;lmll no{ be e~ercised by l~nder j[ such e×ercl~e is pmhlblmd by Applicable Law. Lendcg aL~o zbal[ .not r~erc%.~u thi,~ npiirm {[: (a) Borrower cause~ to be <bmitted to Lender information, r~quired by Lender to ~valu~,~e the intended tran~rere~ as If a l~w loan were belllg tlaa~e to [he Lra~fg. re.c: and. t.~.) J~.;~d~.r rea,'mnaMy deterrnln¢$ that Lender's security will not be impaired by the loan assumption and that tim risk of a breach of any cox,~nant or agreement In thL~ ~e~urir~ Irutrument Is acceptable tn I..e.~der. To Ibc cxt~nt l~rmittcd by Applicable L~w, L~nder may charge a restorable fse a~ condition t~ Lender's com~m to the loan assumption. Ler~e.r may alan requir~ ch~ transferee ~ign an asSurnpiion agcccincn! thai is accc'pu~ble to Lender and that obligates the transferee to keep all th~ promises and asr~Smenta made in the Note and irt thl~ ~iecuri_ty Instrument. Borrower will confitmc tu be obligated under the Note and this Security In.~u~uncnt units Lender released Borrower hi wrJ. tin~. If Lcndm- exercises thc option lo rutuim immediate payment in full, Ix:Mcr 8hall .giv~ · Bortow,r notice of acceleration, The noQce c, ha. ll provide a period of not Ie~, u'mn 30 day~ lrom the date the nodce I,~ givea in accordmu:c with $ccdon 15 within which Borrov,~ must pay all sums secured by {hls Security Jnstrumant. If Borrower fails to pay these sums prior to the expiration of ~s l~dod, Lender may Invoke any iemedic,~ permklcd by this Sccurky Ins{:rumcnl without furthsr notice or demand on Borrower. ~1:320063 APP'r, #:20005P403g LOAN #:200069t03g DOC (~s~a (o~oa) p~s a ot ~ ~rm .1111 Adjustable Rate Rider, Sluan~ D FosEer -P,O fl'ow~f (Seal) (Seal) -Bo~wct DOC APPL #{20005~03~ Page 4. u~ 4 LOAN #:200D59~036 Fol, m ~111 Exhibit A Legal Desciption: All the following described property, hereby releasing and waiv lng all rights under and by virtue of the homestead exemption laws of the State of Wyoming, to wit: Lots 7 and 8 of the Star View Estates, Lincoln County, Wyoming as described on the official plat thereof. As recOrded in Book 460 PR Page 488 in the Office of the Lincoln County Clerk. Parcel #: 32192110103200 Known as 216 Hillview Drive, Afton, WY 83110