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HomeMy WebLinkAbout90016830723 (04) BOOK 5 5 8 54 :900168 RECEDIED LINOOtJ',I COtlNTY OLERK RETURN TO: GMAC Mortgage Corp. 100 Witmer Road Horsham, PA 1904,4-0963 ATTN: Records Management [Space Above This Lh~e For Recording Data] LOAN NO: 568502405 State of Wyoming MORTGAGE 'FHA CaseNum~r I 591-095463-9-703 MIN 1000375-0568502405-4 THIS MORTGAGE("SecurityInstrument")isgivenon June 10, 2004 Tyler R. Eddins and Christy L. Eddins, Husband and Wife, Entireties as Tenants by the · The Mortgagor is whose address is PO Box 3117, Alpine, WY 8312f ("Borrower!'). This Security Instrumett is given to Mortgage Electronic Registration Systems, Inc. CMERS"), (solely as nominee for Lender, as hereinafter defned, and Lender's successors and assigns), as beneficiary. MERS is organized and existing under the laws of Delaware, an:l has an address and telephone number of P. O. Box 2026, Flint, MI 48501-2026, tel. (888)679-MERS. GMAC Mortgage Corporation ("Lender") is organized and existing under the laws of addressof 100 Nitmer Road, P.O. Box 963, Pennsylvania , and has an Horsham, PA 19044 Borrower owes Lender the principal sum of One Hundred Thirty Four Thomsand Six Hundred Ninety and 00/100 Dollars (U.S. $ 134,690.00 ). This debt is evidenced by Borrower's no_e 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 July 1, 2034 . This Security Instrument secures to Lender: (a) the regayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the ,~ayment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; m.td (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purp['se, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and ass. igns) and to the successors and assigns of MERS, with power of sale, the following described property located in Lincolrl County, Wyoming: Lot 103 of Nordic Ranche~ DJ'vision No. 7 Lincoln County, W oming ~ccordingllE. to that plat flle¢l May 8, 1996', Instrument No. 81~461, ~lat No. which has the address of ' xxa~ Saddle Drive Wyoming 83118 [Zip Code] FHA WYOMING MORTGAGE- 10/95 GMACM -FMS.O285.WY {0010! 2 Page 1 Of 7 ("Property Address"); Initials: 051 Etna [Street, City], 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 Instrume:~t. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agree; that MERS holds only legal title to the interests granted by Borrower m this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the'r![;ht: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument: BORROWER COVENANT;5 that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the ki~operty and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. : THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicltion to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by,~he Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note mid any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would, have been required if Lender still held tbe Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of:a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be dete:rmined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" a~d the sums paid to Lender are called "Escrow Funds." Lender.may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be re~3uired for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C, § 2601 et seq. and inaplementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA")', except that the cushion or reserve permitted, by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insfirance premium. If the amounts held by LenlJ~er for Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall account to Borrower for the e. xcess funds as required by RESPA. If the amounts of funds held by Lender at any time are not sufficient to pay the l~scrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as permittec~ ~y RESPA. · The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the fl~ll payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to pay to .the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosu'~e sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaini'..~g for all installments for items (a), (b), and (c)i 3. Application of Payments. All payments under Paragraphs 1 mid 2 shall be applied by Lender as follows: First, to the mortgage ingurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead 05 the monthly mortgage insurance premium; Second, to any taxes, sp,.ecial assessments, leasehold payments or ground rents, and fire, flood and other hazard insurance Premiures, as required; Third, to interest due under the Note; Fourth, to amortization qf the principal of the Note; and Fifth, to late charges due under the Note. GMACM - FMS.0285.WY (0010) ... , Page 2 of 7 LO~ NO: S685024D5 4. Fire, Flood and Othe~ Hazard Insurance. Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender requires insura~me. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower shall~also insure all improvements on the Property, whether now in existence or subsequently erected, against loss~by floods to the extent required by the Secretary. All insurance shall be carried with companies approved by Len'~er. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favbr of, and in a form acceptable to, Lender. In the event of loss, Borrowe:~'shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Eact insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance proceeds may be applied by Lendtir, at its option, either (a) to the reduction of the indebtedness under the Note and this Security Instrument, first to a~y delinquent amounts applied in the order in Paragraph 3, and then to prepayment of principal, or (b) to the restor~tion or repair of the damaged Property. Any application of the proceeds to the principal shall not extend or postpsne the due date of the monthly payments which are referred to in Paragraph 2, or ch ange the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and ti:is Security Instrument shall be paid to the entity legally entitled thereto. In the event of foreclosure o1~ this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title ~:nd interest of Borrower in and to insurance policies in force shall pass to the purchaser. 5. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrov:er shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the executk}n of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to oc.:upy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless the Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist ,which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borro~ er shall not commit waste or destroy, damage or. substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property ~s vacant or abandoned oc the loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Pr0pe~y. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inhccurate 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 concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall., comply with the provisions of the lease, If Borrower acquires fee title to the Property, the leasehold and fee till.:,, shall not be merged unless Lender agrees to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other t~dng of any part of the Property, or for conveyance in place of condenmation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid 'under the Note and this Security ]~trument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Securit5 Instrument, first to any delinquent amounts applied in the order provided in Paragraph 3, and then to prepaymt:m of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred to in Paragraph 2, or change the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid tti the entity legally entitled thereto. 7. Charges to Borrower.,and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charge(~, fines and impositions that are not included in Paragraph 2. Borrower shall pay these obligations on time directly ~o the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Propert!it, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. ¢' GMACM - FMS.0285.WY (0010) Page 3 et 7 Initials: ,.., 857 If Borrower fails to make these payments or the payments required by Paragraph 2, or fails to perform any other covenants and agreements containdd in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Prop!:.;ty (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do :iud pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including p;;5,ment of taxes, hazard insurance and other items mentioned in Paragraph 2. Any amounts disbursed by I,ender under this Paragraph shall become an additional debt of Borrower and be secured by this Security Instrumem; These amounts shall bear interest from the date of disbursement at the Note rate, and at the option of Lender shall b,~. immediately due and payable. Borrower shall promptly disctl~rge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment oI the obligation secured by the lien in a manner acceptable to Lender; (b) contests ~n good faith the lien by, or defe'nds,, against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the er..iorcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any pan 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 giwng of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Accel erati~n- of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary in the case of payment defaults, require inunedff.te payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due late of the next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security lnstrurnent. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341(d) of the Garn-St Germai~ Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secret~.ry, require immediate payment in full of all sunts secured by this Security Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property, but his or her credit has not been approved in accordance with the :'cquirements of the Secretary. (e) No Waiver. If circmrstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the daie of payment defaults, to require inunediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secret~n-y. (e) Mortgage Not Ins'aired. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within sixty (60) days from the date hereof, Lender may, at its option reqmre in'unediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to sixty (60) days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of suck ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavaiYability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. GMACM - FMS.0285.WY {0010) Page4 of 7 initials../'~. C~ff' . LOAN NO: 568502405 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to I' ay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceeding.,: are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to:'bring Borrower's account currenl including, to the extent they are obligations of Borrower under this Security Instn,ment, foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with the forect~osure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not require,t to pernfit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure prot;eedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinsi:atement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect !.he priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of th,; sums secured by this Security Instrument granted by Lender to any successor in interest of BorroWer shall not opt rate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be requi-'ed to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrcwer or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Instrument shall b::nd and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that 13arrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay ;he sums secured by this Security htstrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note wi hour that Borrower's consent. 13. Notices. Any notice to tiorrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail un ess applicable law requires use of another method. The notice shall be directed to the Property Address or any other: address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender destgnates by notice to Borrower. Any notice provided for in this Se, urity Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragrapl~: 14. Governing Law; Sever~bility. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Propg)ty is located. In the event that any provision or clause of this Security Instrument or the Note Conflicts with applicab'~e law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provismn. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on o~ in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in vic:ration of any Envirom-nental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substm]ces that are generally recognized to be appropriate to nor'mai residential uses and to maintenance of the Property. GMACM- FMS.0285.WY {0010) Page 5 of 7 .... 859 Borrower shall promptly give 'Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulator)~ agency or private party involving the Property and-any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly~take all necessary remedial actions in accordance with Environmental Law. As used in this Paragraph 1~6, "Hazardous Substances", are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticiddg and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As use~! in the Paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is 1 ::cared that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authori::es Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pal/ the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of ;my covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of th~.~ Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, t'o be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all c.l; the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lende'r's 'agent on Lender's written demand to the tenant. Borrower has not executed any. prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its .rights under this Paragraph 17. Lender shall not be required t~ enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, ~:ender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property ';hall terminate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure, 'If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any oiher remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the 'remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evicence. If Lender invokes the powe?,of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Properq;, if different, in accordance with applicable law. Lender shall give notice of the sale to Borrower in the maturer provided in paragraph 13, Lender shall publish the notice of sale, and the Property shall be sold in the manner prescr!bed by applicable law. Lender or its designee may purchase the Property at any sale. The proceeds of the sale sha;l be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys~ fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally enfitk:,d to it. If the Lender's interest in this,. Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph c~, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence ~hall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. , GMACM - FMS;0285.WY 100101 Page 6 of 7 LOAN NO: 568502405 19. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument without charge to Borrower. Borrower shall pay any recordation costs. 20. Waivers. Borrower waives a'-I rights of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. Riders to this Security Instrumc~at. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of e,;ich such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] [-~Condominium Rider [--]Adjustable Rate Rider [-~Growing Equity Rider [-'-]Planned Unit Development Rid.~r [---]Graduated Payment Rider r-X--~Other(s) [specify] Manufactured Home Rider BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with· it. Witnesses: ~-~~~____~_.~ . i" ~ffy~er R. Eddins (Seal) -Borrower hrxsty U Eddxns -Borrower (Seal) (Seal) -Borrower -Borrower STATE OF WYOMING, The foregoing instrument was acknowledged before me this Tyler R. Eddins and Christy L. Eddins, by Entireties County ss: 7~Tan/ June 10, 2004 (date~ Husband and Wife, as Tenants by the My Commission Expires: GMACM - F~Y lO010} (person acknowledging) Notary Public MA UtIFACTURED HOME RIDER This MANUFACTUREr'. HOME RIDER is made this X0t:h day of June , 2004 , and is. incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to GMAC Mortgage Corporation (the "Note Holder") of the same date (the "Note") and covering the property described in the Security Instrument and located at: 1168 Saddle Drive Etna, WY 83118 (Property Address) MODIFICATIONS. In addition to the covenants and agreements made in the Security Instrument, Borrower m:c. Note Holder further covenant and agree as follows: A. PROPERTY. Property, as the term i.' 'defined herein, shall also encompass the Manufactured Home (Serial Number IDA194451 and 194452 ) affixed to the real property legally described herein. B. ADDITIONAL COCENANTS OF BORROWER. (1) Borrower covem:nts and agrees that Borrower will comply with all state and local laws and regulations regard~.ng the al'fixation of the Manufactured Home to the real property described herein includiag, but not limited to, surrendering the Certificate of Title (if required) and obtaining the requisite governmental approval and accompanying documentation necessary to classify the Manufactm'ed Home as real property under state and local law. (2) That the Manufactured Home described above shall be, at all times, and for all purposes, permanently gffixed to and part of the real property legally described herein. (3) Borrower coven~mts that affixing the Manufactured Home to the real property legally described herein does not violate any zoning laws or other local requirements applicable to manufactured homes and further covenants that the Manufactured Home has been delivered and installed'to Borrower's s'atisfaction and is free from all defects. -LOAN~ : 56850240[; MULTISTATE MANUFACTdRED HOME RIDER .~ . Page I of 2 2533.41864 hfitials: ."~__..~ C GMACM - ARM.0250.MAI,JFCT 10101! ..862 BY SIGNING BELOW, [orrower accepts and agrees to the terms and provisions contained in this Manufactured Home Rider. (Seal) -Borrower C~dins' (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower LOJkN~ : 568502405 MULTISTATE MANUFACTURED HOME RIDER GMACN1 - ARM.0250.MANFCT 101011 Page 2 of 2