HomeMy WebLinkAbout899081889081
RECEIVED
LIb,l¢Ol.,.!4 OOUN'i-'r' CLERK
State of Wyoming
Above Thi~ ~ For Recor~in~ Data]
MORTGAGE
FHA Ca~ No.
591-0953fl56 703B
THIS MORTGAGE ("Security Instrument") is given on ~xY o5, 2004
Thc Mortgalor is DAVXD LY~N Cr,Nv~L~Y AND K~.S~ B CL~rv~LEY, a~SaA~D AND wz~
("Borrower"), This S~curity IaStrtlm~nt is given to I~LLS F~RO0 HOM~ ~RT(t~E, INC.
which is organized and existing under the laws of TI~ S?A?~ ov CALIPOKNIA , ~ud
whoseaddre~sis~.O- Box 10304, DI~S MOXN~$, ZA 503060304
("L~dcr"). Borrower ow~ ~dcr ~e p~p~ s~ of
O~ ~D EI~TH~ THOUS~ SIX ~ ~IKTY gI~ ~ 00/100
~ ~bt is ~id~d by ~nower's ~ datod ~e ~ dato ~ ~is ~i~ ~l ("Note"), whi~
pm~d~ for ~nthly pay~, wi~ ~e ~ debt, tf not paid ~rlter, due ~d payable on ~ ox, 2oa4
.
Note, wi~ ~terea, ~d
with Mterest, Mv~d ~der p~ag~ph 7 to pmt~t
0039042148
of Borrower's covenants and agr~ments tmd~r this Security Instrument and tho Note. For this purpose, Borrower
does hereby mortgage, grant and convey to the Lender with power of sale, the following desoribed property loc. atgl
in LX~CO~.N . County, Wyoming:
S1/2N1/as1/2SW1/4NW1/4 OF SHCTION 19, T31N RllSW OF ~ 6TH ~.M., LINCOLN
COUI~, WYOMING
1995 NA~FUA MOD~L 934836 aDD S~RIAL #IDA 145801 & IDA 145802
THIS IS A PU~CI~ASR MONEY SECO'RITY INSTRUMENT. TAX STATEM~NT~ SHOULD BE SENT TOz
WELLS FARGO HOM~ MORT~A~, ~.0. BOX 10304, D~S MOIN~S, IA 503050304
which has the address of 1836 ~ 241, JLFTON [S~rr, o-t, City],
Wyoming 83110 [Zip Codel ("Property Adckess'):
TOGETHER WITH all the improvements now or hereaaer crated on the property, aaa all easornems.
appurten~ex-s and fixtares now or here. after a part of thc property. All replacements and additions shall ~lso be
covered by this Socm'ity Instnmmnt. All of the foregoing is referred to in this Security Instrument as the 'Property. ~
BOlt_ROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
t~rtgage, grant and convey ~e pra~rty and that the Property is uneneumb~ed, except for encumbrances of re:ord.
Borrower warnmu and will def~nci generally the title to the Property agaius~ all claims and dCa'hands, subj~t to any
encumbrances of record.
THIS SECtmlTY INSTRUMENT ~ornbin~ uniform covenants for national use and nos-uniform covenanU
with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
Boncower and Lender covenant and agree ~ follows:
UNIFORM COVI~NANT$.
1, Paymmt of Pr/nelpal, lntarest and Late Charge- Borrower shall pay when due the principal of, and
interest on, the debt evid~aoed by the Note and late charges due under the Note.
2. Monthly Payment of Taxes, Insuranc, and Other Charges. Borrower ~all include in each monthly
paym~m, together with I~: principal and intreat as set forth in the Note and any late charges, a sum for (a) taxes and
special assessments l~wi~l or to be l~vied against the Pro~rty, (b) le~,ehold payments or gTOUnd rents on the
Property, and (c) premiums for Insurance required under paragraph 4. in any year in which the Lender mast pay a
mortgage Lasuran~ prcmimn to me Secretary of Housing and Urban Development ("$~retary'), or in any ye, ar in
which such premium would have boos required if Lender still held the S~:urity Instrura~nt, each monthly payra~n~
shall also include either: (i) a sum for the annual mortgag~ insurance premium to be paid by l.o, nd~r to the Secretary.
or (ii) a month.ly charge instead of a mortgage insuranc~ premium if this ~curity Instrument is held by the S~'n~tatT,
in. a reasonable ~ount to be determined by the ,Sec~tary. E~cept for th~ monthly charge by the Secretary. thoro
items are c.~ll,~l 'Escrow Items" and the sums paid to Lender ar~ called "l~crow Funds.'
J.~nde~ may, at any time, collect and hold amounn for F, scrow Items in an aggregate amount not to exc. oed the
m~imm~ amount that may be required for Borrower's escrow accoum under the Re~ l~ta~ Se<era,~nt Procedures
Act of 19/4, 12 U.S.C. $<tion 2601 e~ seq. and implementing regulations, 24 CFR Part 3500, ~s they may be
amended from time to time ("R~-SPA"), except mt the cushion or r~serve pea-mitt~l by R~.,SPA for unantioipat~
disbursem~nU or disbursements before the Borrower's payments are available in the ac.~ount tray not be based on
amounts due for the m~rtgage instance premium.
If the amounts held by Lender for Escrow Items exceed the amounts perrnlt~,cl to be held by RI~PA, I.,c~nder
shall account to Bon'ower for the excess ftmfls as required by RESPA. If the amounts of funds held by Lender at any
time are not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to
make up the shortage as permitted by RESPA.
The Escrow Funds are pledged a~ additional security for all sums secured by this Security hsm~meut. If
Borrower tenders tz) Lender the full payment of all su~ sums, Borrower's accost shall be ~edit~l with the bal~
rem~imng for all installment itmzs (a), (b)0 and (c) and any mortgage insura~ premium in~tallmen~ that I.~d~r has
not become obligated m pay to the Secretary, and Lender shall promptly r~fiJud any ex.ss funds to Borrower.
Immediately prior to a foreclosure sale of the Property or its acquisition by Ii.~tder, Borrower's ~;c. oum shall be
credited with m~y balance remaining for all installments for items (a), (b), and (e).
3. Application of Payrolls. All payments under paragraphs I and 2 shall b~ applied by L~nder as follows:
First, 1o the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the
Secretary i~tead of the m~nthly mortgage iasuta~c.e premium;
Second, to shy Taxes, sp<ial assessments, le~ehold payments or ground r~ts, and fire, flood and other hazard
insurance premiums, as required;
Third, to interest due under the Note;'
FourtZt~, to amortization of the principal of the Note; and
Fifth, to late charges due under the Note.
4, Fire, Flood and Other Hs~'ard Insurance. Borrower shall ~sure all improvemtn~ ou the l~'openy.
now in exls~nc~ or subs~qu~tly erected, against ~ny hazards, ca.sualties, and contingencies, including fire, for which
Leader requires insurance. This i~u.ran~ shall be maixttalu~l in the amounts ~d for the periods tha~ lender
requires. Borrower shall also insure all improwxienls on the Property. whether now in existence or s~bsequemly
er~t0d, aguinm} lo~ by floods to the extem required by the S~reuz~y, All i2sunme~ shall Ix: carried with compaui~
approved by lL~ader. Tl~e imuran~ policies and any r~newals shall b~ held by Lender a~d. shall i~clude loss payable
clauses i~ favor of, ~d in a form a~eptable to, Lenc~r:
I~ the ev~t of loss, Borrower shall give Lender immediate notice by m~. Lender may m~e proof of loss if not
made promptly by Borrower. Each insurance ~ompan~ concerned is hereby authorized and dircct~ to malce paymout
for such loss directly to Lcaxter, instead of lo Borrower and to Lender jointly. All or ~y part of the insur~ce
proceeds rosy be applied by Lender, a~ its option, either '(a) to tho reduction of the indebtedness under the Note and
this Se.x;u:ity In,s~t, first to a~y delinquem amounts applied i~ the order i~ paragraph 3, and then to prepayme~
of principal, or (b) lo the restoration or repair of the d~m~§ed Property. Any ~oplication of the proc.~.ds to the
principal sh~ll not extend or postpone the due date of the nmuthly paym~ts which are referred to iu paragraph 2, or
cha~ge ~he ~nount of such paym~ms. Any excess iUsura~ process over an amounl required m pay ali outsUndiag
indebtedness under the Note and this S~urity lnstt.rr~mt shall be paid to the enti~ legally ~ntltled thereto.
h the event of i'o~eelos'u~e of this S~uri~ Inm~t or other transfer of title to the P~open3' that exth2gulshes
the indebte~lness, ~ll fight, title ~d interest of Borrower in and to insur~ce polities in force shall pass to ~he
purchaser.
~. Occupancy, Preservation, lVlainte~nee and Protection of the Property; Borroq~'s Lo~n Application;
l.~sehol&. Borrower shall occupy, establish, ~d use the Propony as Borrower'S principal residence witl~ sixty
~ys ~er the execution of this Security lnstrun~nt (or withi~ sixty days Of a later sale or trax~sfer of the Property)
and shall ~utinu~ to occupy the Pmpexty a~ Borrower's principal resid~ce for al leas~ one y~ar after th~ d~ of
oc~paney, unless L~tder d~em~s t1~ requirement will cause undue l~rdship for Borrower, or unless extenuaxing
eircum.~c.~s t.xi~t which are beyond Bonower's control. Bonower shall notify L~der of any ext~uating
c4reumslanees. Borrower shall not commit wu~e or deSuoy, damage or mbst~tially cha~ge the Property or allow the
Property to demriorat~, reasonable wear and t~ar excep~l. L~nder may i:~spect thc Prop~ty if The Property is V~nt
· or ~n~;qr...~ ,1 ,o~.~ ;!,s~.i~ d_.ef~}tt.~ ~Ic~:l~. ~maY)a~,~ r~.s0uable ~,,.tlon g0 pro~ ~d pres~m/e such vacant or
abandoned Property. Borrower shall also be in default if Borrower. during the loan application process, gave
materially false or in,w. eurate infonmfion or statements to Lender (or failed to provide Lender with any m,~erial
information) in connection with the loan evidenced by the Note, including, but not limited to. reprer~ntaxi~n~
concerning Borrower's occupancy of the Property as a pnncipal residence, If this Security In~U'ument is on a
le~ehold. Borrower flaall comply with the provision~ of the lease. If Borrower acquires fee title to the Property, the
leasehold and t'~ fire shall not be merged unl~ l..em:ler agrc. e~ to the merger in writing.
6. Condem~mtion. The proceeds of my award or claim for d,~mages, direct or con..s~queatial, in connection with
any condemn~on or other raking of any pa~3 of the P~operty. or for conveyance in plac~ of condenm~ion,
hereby assigned and fl~tl be p~fid to Lgnder ta the extent of the full amount of the imlebtedness that rem~i-~ unpaid
under the Not~ ~nd this 8~cu.rity Instrument. Lender shall apply such proc~ to th~ reduction of the lndebtednc~
under the Note and this $~urity Instrument, first to any delinquent am~unt~ applied in the order provided in
p~ragraph 3, and then to prepayment of principal. Any applic~on of the proceeds to the principal shall not extend or
postpone the due dat~ of the monthly payments, which ~re referred to in paragraph 2, or change thc amount of ~uch
payments. Any excess proceeds over an amount required to pay ~11 ou~U~ing indebtedn~ under the Note ann this
Security Instrument flaall be p~ld to the entity legally entitled thereto.
?. Charg~ to Borrower and Protection of Lead~r*s Rights in the Property. Borrower shall pay all
governmea~ or municipal charges, fine~ and tmposifion~ that ~e not included in p~ragraph 2. Borrower shall
the~ obligations on tiln~ directly to the entity which is owed the payment, ff failure to pay would adversely affea
L~der's int~est in the ProP%ty, upon Lender's request Borrower ~h~ll promptly furnish to Le~der rec~pt~
evidencing thee pa~tmen~.
If Borrower falls to make the~e payments or the payments required by paragraph 2, or fail~ to peflbrm ~ny other
cOVenants and ~gr~ment~ contained in this Security Instrument, or there is a legal proceeding thai m~y signifieau~tly
~ffect Lender's fighu in the Property (such ~ a proceeding in bmkruptcy, for eond~nnation or to enforc.~, laws or
regulation), th~u Lender may do and pay whalcvcr is necessary to protect the wine of the Property ~:1 Lender*s
right~ in th~ Property, including payment of taxes, h~.z~d Insurance and other iten~ mentioned in paragraph 2.
Any amount~ disbursed by Lender under this pm~gr~ph shall become an additional debt of Borrower and be
~ecur~l by this Security In~tnmaem. These amount~ ~hall bear inu~rest from the date of disbursement, at the Note
and ~t the option of Lend~, shall b~ immaturely du~ and payable.
Borrower ,~hall promptly dischmge ~ny lien which h~ pfioflty over ~s ,~urit~ In~munent unless Borrower:
(a) agrees in writing to the payment of the oblig~on secured by the lien in a manner acceptable to Imnder; (b)
a~nte~t~ in good f~lth the lien by, or defends ag~fin~ enforcement of the lien in, legal proceedings which in the
I..~nder's opinion opor~e to prevent the enforcem~n~ of the lien; or (c) s~-'ure~ from thc holder of the lien an
· agreement s~sfactory to Lender ~bordi~afing the lien to this Security I~rument. If Lender det~rmine~ that any paxt
of'the Property is subject to a lien which m~y ~in priority over this Security Instrument, Lende~ may give Borrower
a nOtiCe identifying the lien. Borrower shall .~t~f'y the lien or t~e one or more of the actinn~ set forth above within
10 d~ys of the giving of notice. .
8. l~e~. L~nder may collect fec~ and chm'ges authorized by the Secretly.
9. (~roun~ for Aecelcr~tio~ of Debt.
(a) I~ault, Lender m~y, except ~ limited by regulations i~sued by the Secreun'y, in thc c~c of payment
default, ~lulre imrnMiate payment in full of all ~ ~cured by aris S~uriq~ Instrument if:
(i) Borrower defanlt~ by failing to pay in full any nmnthly p~ymcnt required by this Security I~tnm~nt
prior to or on the due date of thc next monthly payment, or
-'"~' (ii) Bortower. defsult~ by falling, for. pofiod of thirty aays~ to perform any o~her oblig~on~ contained
in thi~ Security In~rummt.
b) ~ll~ Without Cr~d~[ Approval. I~n,4er shall, if permitled by at)plic~bl¢ law (including Section 341(d)
of the Gala-St. Germain Depository Institutions Act of 1982, 12 U.$.C. 1701j-3(d)) and with the prior
approval of the Secretary, require immedialc payment ia full of all ~ums ~ecured by this Security Instrument
if:
_. 472
(i) All or part of the ProtmrtY, or a beneficial interest in a trust owning all or p:Ln of the Property, is sold
or otherwise transferred (other than by devise or descent), and
(ii) The Property is not occupied by the pureh~.ser or grantee ~s his or ixer principM residence, or the
purchaser or grantee d~es so occupy the Property but his or her credit has nol been approved in
accordance with the requirements of the Secretary.
(c) No Waiver. If circumstances occur ttmt would l~rmit Lender to require immediate payment in full, but
Lender does not require such payments, Lender doe~ not waive its tights with respect to subsequent events.
(d) Regulations of ~ Secret~'y. In many circumstances regulations issued by the Secretary will limit
Lender's fights, in the case of payment defaults, to require immediate payment in full ~nd foreclose if not
paid. This Security Instrument does not authorize ~celer~tion or Ibreclogure if not permitted by regulations
of the Secretary.
(e) Mortgage Not Insured, Borrower agrees that if this Security In~mment and the Note ~xe not aetermined
to be eligible Ibr insurance under the National Housing Act within 60 days from the date hereof, Lender
may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A
written statement of any authorized agent of the SecrenuJt dated subsequent to 60 days from the due hereof,
decllnln$ to insure this Secu_dty Instrument and the Note, shall be deemed conclusive proof of such
ineligibility. Notwithstanding the foregoing, this option may not be exerci~d by Lender when the
unavailability of insur'~xce is solely due to Lender's failure to remit - mortgage insurance premium to the
Secretary.
10. Reinstatement. Borrower has a right to be reinstated if Lender h~ required immediate payment in full
because of Borrower's failure m pay an amount due under the Note or this Security In~trumem. Thi~ right ~pplie~
even after foreclosure proceedings are instituted. To reinsmm the Security Instrument, Borrower shall t~der in a
lu~? sum all m~nounts required to bring Bo~'rower's account current including, to the extent they a~e obligations of
Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expen~e~
properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Sec~lty Instrument and
the obligation~ that it secures shall rcnmin in effect a if Lender had not required immediate payugnt in full.
However. Lender is not required to permit reinstatement if: (i) Lender ha~ accepted reinstatement a~tet the
commencement of foreclosure proo~a~dings within two ye~u~ immediately preceding the commencement of a current
foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different ground~ in the future, or (iii)
reinstatement will adversely affect the priority of the lien created by this Security Instrument,
11. Borrower No~ Released; Forb~ce By Lender No~ a Waiver. Extension of the time of payment or
modification of .a. mnrti~tion of the. sum~ secured by this Security Instrument granted by Lender to any s~r in
interest of Borrower shall ~ot operate to release the liability of the original Borrower or Borrower's successor in
interest. Lender shall not be required to commeau~e proceedings against any ~¢cessor in interest or refuse to extend
time for payment or otherwise modify amortization of the stum secured by this $~curity Instrument by reason of any
demand nmde by the original Borrower or Borrower's sucee~zoa in interest. Any forbearm~¢e by Lender in exercising
any light or remedy shall not be a waiver of or preclude the exercise of any right or rem~y.
12, Succ~rs ~md ~ Bound; Joint and ~ever~l Liability; Co-Signers. The covenants m~l agreement~
of this ~:urity Instrument shall bind and benefit the ~uceessors and ~ssigns of Lender and Borrower, ~mbject to the
provisions of patag~ph 9(b). Borrower's covenants and agrcenu:nts shall be joint and several. Any Borrower who
co-signs tMs SeCurity Instrunmat but does not execute the Note: (a) is r~o-signing this ,~.L~cufity Instrumen~ only to
mortgage, gnmt and convey that Borrower's' interesl in the Property under the terms of this Security Im~trument; (b)
is not personally obligat~l to pay the surms secured by lkis Security Instrument; and (c) agre~ that Lender and any
other Borrower may agree to extend, modify, forbear or n~e any accommodations with reg~d to the tem~ of this
Security Instrument or the Note without that Borrower's consent.
473
13. Notices. Any notice to Borrower provided for in this S~curity Instnu~m shall be given by delivering it or
by mailing it hy first class mail unless applicable law requix~s use of another method, The notice shall be directed to
the Property Address or any other address Borrower designates by notice to L~mder. Any notice m Lender shall b~
given by first class mail to I.~nder's address stated herein or any address Lender desig~atxs by notice ~o Borrower.
Any notice provided for in this Security InstrUment shall be deemed to have been given to Borrower or Leader when
given as provided in this par~raph.
14. Go¥~ning Law; ~$ev~rability. This Security lnstrun'znt shall be governed by Federa. l. law and the law of
the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument
or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Insu'un~nt or
the Note which can be given effect without the conflicting provision. To this end the provisions of this Security
Instrument and the Note arc declared to be severable.
lS, l~rrower's Copy. Borrower shall be given one conformed copy of tl~ Note and of this Security
.bsU c s. Borrower not or the
of an:/I-Iazardou~-Su~-s~-~c~s on or in ~e ~operty. Borrower shall not do, nor allow anyone ets~ to an, anymmg
affecting the Property ~at is in viotmion of any Envirotunental Law. The preceding two sentences shall not apply to
the pr~ence, use, or storage on the Property of small quantities of Hazardous Substances that ate g~nerally
recognized to be appropriat~ to normal residential uses and to maintenance of the Prol~'~ty.
Bo:rower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or o~her action
by ,my l~ovemmenml or regulatory agency or private party involving thc Property and .any Hazardous Substanc~ or
Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental
or n~gulatory authority, tl~t any removal or other remecliation of any Hazardous Substances affecting the Property is
necessary, Borrower shall promptly ~ke all necessary remedial actions in accordance with Euvironmm'~tal Law.
As used in this paragraph 16. "Hazardous Substances" are those substances defined as toxic or hazardous
substances by Environmental Law and the following subsl~nces: gasoline, keros~e, other flammable or toxic
pctrolgum products, toxic pesticides and herbicides, volatile solvgnts, materials containing asbestos or formaldehyde,
and ratHoactive materials. As used in this paragraph 16, "Environmmtal Law" m~ans federal laws mad laws of the
jurisdiction where the Propmy is located that relate to health, s~fety or environmental protection.
NON-UNIFORM COVENANTS. Bejewel and Lender funhg covenant and agree ~s follows:
17. Aasignm,mt of Rent~. Borrower unconditionally assigns and trarmfers to L~mder all th~ renu and revenues
of the Property. Borrower authorizes Lender or I_~nder's agents to collect the rants and revenues and hereby directs
each tenant of the Property to pay the rents to I.gader or Lender's agents. However, prior to Lender's notice to
Borrower of Borrower's breach of any covenant or agreement in the 5,curity Instrument, Borrower shall collect and
r~ve all rents and revenues of the Property as u'ust~e for the benefit of Lender and Borrower. Tiffs ~signmant of
rears constitutes au absolute assignment and not an assignment for additional security only.
If Lm~der gives notice of breach)o Borrower: (a) all renm received by Borrower shall
trnst,:e for benefit of Lcudg only, to be applied to the smras secured by ~e Se.z:urity In~u'um~t; (b) Lender stall
enfifl~ ~o collect and receive all of ~e rents of the Property; and (c) each t__~-w~, nt of the Property shall pay all rents
due and unpaid to I~:uder or Lender's agent on l.~nder's written dom~_,~l to the t~ant.
Borrower ha~ not executed any prior assigtm~nt of the rents anti has not and will not perform any act that would
prevent Lentler from exercising Its ri~s ~nder ,his pm-agraph 17.
Lender shall not be required, to enter upon, take conU'ol of or maintain the P'rop,~Y before or after giving notice
of breach m Borrower. Howgver, Lender or a judicially appoint~t receiver may do so at an), fins there is a breach.
Any application of rents shall not oure or waive any default or invalidate any otl~r right or rent, ely of Lender. This
assigrun~nt of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full.
.-474
18. Foreclosure Procedure. If Lender requir~ Immediate payment in full trader paragraph 9, Lender may
invoke the power of sale ~md any other remedies pe~nittcd by applicable law. L~nder ~hall he entitled to collec~
all e~mses incurred in pun-uing the remedies provided ia this paragraph 18, tncludinl~, but not limited
reasonable attorneys' fe~ and costs of title evidence.
If Lender invokes the power of sale, Lender stroll give notice of intent to foreclose to Borrower and to the
person in posseSSion of the Property, ff different, in accordance with applicable law. Lender shall give notice of
the r~le to ll~orrower in the manner pro~ided in paragraph 13. Lender shall publish the no, ice o! sale, and the ·
Property shall be sold m the manner prescribed by applicable law. Lender or its d~tgnee may purclm.~ the
Property at any sale. The proceeds of the sale shall be applied in the followtne ordert (a) to all expense$ of the
~ale, including, but not limited to, reasonable attorneys' fees; Co) to all sums secured by this Security
Instrument; and (e) any excem to the pert, on or p~,onz legally entitled to it.
If the Lender's inter~t in this S~curity ln~rument is held by the Secretary and the ~,cretary requlrea
immediate payment' in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale
provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act'*) (12 U.$.C. 37:~l et seq.) by requesting
a foreclosure eommisatoner designated under the Act to commence foreclosure and to sell the Property
provided in the ACL Nothing ia the preceding sentence shall deprive th~ Secretary of any rights olhervci~e
available to a Lender under this Paragraph 18 or applicable law.
I~L Release, 1Jpon payment of all sumz secured by this $~curity InStrument, Lender zhall release thi8
InStrument ~lthout charge ~o Borrower. Borrower shall pay any recordation costs.
20. Waivera. Borrower waives all ri§h~s of tmmestearl exemption in th~ Property and relinquishes all rights of
curt~y ~d dow~r in the Property.
21. Riders to this Security. lnstrunumt. If one or more riders are executed by Borrower and r~,:orded to~e~her
with this Security Instrument. the covenants of each ~uch rider shall lac incorporated into and ~hall amend and
supplem0nt the covenants ~d agreements of this Security Instrument a~ if the rider(s) were a part of this Security
lnsJ. ljqnent, lCheck applicable box(es)]. [] Growing Equity Rid~:r [~J Other [specify]
l~ Condominium Rider ', HAI~¥ACTURED HOI,{E EI~DER
[] Planned Unit DeveloprncC~t Rider [] Oraduat~ Payment Rider TAX EXEHPT }'INANCII'I0 RIDER
Pa~e 7 Gl ~
laitY: ....
475
BY SIONING BELOW. Borrower accepts and ag~s to the terms COntained in this Security ln~trm'n~t and in
My rider(s) ex.uteri by Borrower and recorded with it.
Witnesses:
__(s~)
.Borrower
-BOITOWCr
..(Seal)
.Borrower
(Seal)
-Borrow~-t
,
-Borrower
STATE OF WYOMiNG, I~x~c°l~
Thc foregoing instrument was acl~owledged bcf°r¢ me this ~¥ nwa, 2004
County ss;
(datc)
My Commission EXl)ires:
JILL H. LARSON - NOTARY
Ex ,, S
(person acknowledging)
,.4R(WY)
4 7 G
MANUFACTURED HOME RIDER
TO THE MORTGAGE/DEED OF TRUST/SECURITY DEED
Thi~ Rider is made this t~Y 05, 2004 , and is incorporated into and amends
and supplements the Mortgage/Deed of Trust/Security Deed (the "Securiw Instrument') of the
same date, given by the undersigned (the "Borrower") to secure Borrower's Note to
(the "Lender") of the same date (the "Note") and cover{ne
the property described in the Security Instrument and located at:
1836 ~ 241, AFTON, WY 83110
eProperty
Borrower and Lender agree that the SecuriW Instrument is amended and supplemented to read
as fol[oWs:
A. The Property covered by the Security Instrument (referred to as "Property" in the
Security Instrument) includes, but is not limited to, the Manufactured Home (Serial
Number, if required, ) affixed to the property legally described In the
Security Instrument.
B. Additional Covenants of Borrower
1. Borrower will comply with ail state and local laws and regulations regarding the
affixation of the Manufactured Home to the property described in the Security
instrument including, but not limited to, surrendering the Certificate of Title (if
required) and obtaininQ the requisite governmental approval and accompanying
documentation necessary to classify the Manufactured Home as real proper~
under state end local law.
2. The Manufactured Home described above will be, at all times and for all
purposes, permanently affixed to and part of the property described in the
Security Instrument.
3. Affi×in9 the Manufactured Home to the property des0ribed in the Security
instrument does not violate any zoning laws or other local requirements
applicable to manufactured homes.
NMRL ~3322 03101
P~{~e 1 Of 2
477
By signing below, Borrower acoepts and agrees to the terms and covenants containad
in this Manufactured Home Rider.
-BOrTow,'r I(l~[,SI B C
_ (s~at)
. (Seal) mon'ow~r
.Borrower
(S~)
.Borrower
COUNT~ OF LINcO[~ ~
I, the undersigned Notary Public, in and for the aforesaid State and County, do hereby certify
that
OAVID LYI~I CL~D,~RL]~ ~ K]~IL~ B CL~i'ER~I~¥
Borrower(s), personally appeared before me in said County and acknowledged the within
instrument to be their act and deed. Given under my hand and seal this 5T~ day of
- '-~ Notary Public
My com.~ssion e~p~s:'6' ~ o, ~o~7
NMFI. ~3522 03101
PaOe 2 of 2
TAX-EXEMPT FINANCING RIDER
-; Ca~ No.
1,-0953056 '703l$
THIS TAX-EXEMPT FiNANCINO RIDER is made this 5TH day of I~Y ,
200~ , and is incorporated into and shall be deemed to amend and supplement the Mortgage,
Deed of Trust or Security Deed ("Security Instnlment") of the same date given by thc undersigned
("Borrower") to secure Borrower's Note ("Note") toW~ULS fi/eRG0 I~o~ MORTGAGE, INC.
("Lender") of the same date and covering the Property described in the Security Instrument and located at:
1836 ~ 341, /tl~OXq, ~P/ 83110
[Property Aadrcssl
ADDITIONAL COVENANTS. la addition to the covenants snd agreernent~ made in the Security
Instrument, Borrower and Lender further covenant ~ agree to amend Paragraph 9 of the Security
Instrument, entitled "Oround~ for Acceleration of Debt," by adding additional grounds for acceleration aa
follows:
Lender, or such of its successors or aaaign~ a~ may by aeparate instruraent assume responaibility
for a~suring compliance by the Borrower with the proviaionn of this Tax-Exempt Financing
Rider, llxay require immediate paymmlt in full of all sums sgmurefl by this Security Inatrmnent if:
(a) All or part of the Property is aold or otherwise transferred by Borrower to a
purchaser or other transferee:
(i) Who cannot reasonably be expected to occupy the Property as a
principal residence within a reasonable tim~ after the sale or transfer, all aa
provided in Section 143(¢) anrI (i)(2) of the Internal Revenue Code; or
(ii) Who has had a present ownership inter~t in a principal residence
during any part of the tl~ee-year peri(~l ending on the dat~ of the sale or
transfer, all as provided in Section 143(d) and 0)(2) of the Intecnal
Revalue Code (except thal "I00 percent" shall be subati~ted fol' "95
percent or more" where the latter appears in Section 143(d)(1)); or
lrl{l MnRl~at$ Tax-~.x~alx }n.~anehl~ Illdm- - 1019~3
0039042148
page 1 of 2 initials:
VMP MORTGAGE FORMS - [800)521-7:291
479
-Borrower
-BorrOWer
(Seal)
-Borrower
,. (Seal)
-Borrower
(iii) A[ an acquisition cost which is ~eat~r than ~) percent of the
avera§e ama purchase price (greater thlm 110 percent for t~rg~ted area
residenc~), all as provided in Section 143(e) and (i)(2) of the Internal
Rcv~uc Code; or
(iv) Who has a gross family incorr~ in excess of the applicable median
family incor~ as provided in S~ction 143(f) and (0(2) of the Internal
Revenue Code; or
Co) Borrower fa~ls to occupy the Property d~cribed in ~e Security lnstrumtnt
without prior written consent, of Lender or its successors or ~ssigns described at thc
beginning of this Tax-Exempt Fitmncing Rider. or
(c) Borrower omits or misrepres~nt~ a fact that i~ material with r~pCCt to the
provisions of Section 143 of thc Internal Rev~c Code in sn application for thc loan
secured by this Security Insu-ument.
Reforcnc~ arc to the IntcmaJ Revenue Code as ~unended and in effect on the date of issuanca: of
bonds, the proceeds.of ?h!ch .will be, used r~,_fi.n..~_ar~.[ thc purchase of the SccuriVy Instmm~t and
are deemed to incluae the implementing
BY SIGNING BELOW, Borrower accepts and ~jms to the terms md covcnanu contained in this
Tax-Exempt Financing Rider.
KELSI
-~ol"rowcr
·
-~orrowcr
(~6B7U (9705)
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