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HomeMy WebLinkAbout900362 BOOK Preparedbyand WhenRecordedReturnTo: ROXIE JENKINS FIRST NATIONAL BANK - WEST 314 S WASHINGTON/PO~BOX 1620 AFTON, WY 83110 nECEIVED I_It~,COL!'! c'-, ;,~'~ .... ~ ~ CLEFtI"( ..... . · ,:'.. I.i: [t {. ........................... lSp~e Above ?his Line ¥or Recording l)~taI ............. -'z4:-'.-.'.'-.;-;:-7.-~:::__~,, ....... ~,~. r. LOAN NO. 12626051583 MORTGAGE DEFINITIONS Words used in multiple section;; 3f this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated together with all Riders to this c o'cument. (B) "Borrower" is JILL MARIE PRICE, sole owner JUNE 21, 2004 Borrower is the mortgagor under this Security Instrument (C) "Lender" is FIRST NATIONAL BANI( - WEST (AFTON BRANCH) Lender is a NATIONAL B3d~IKING ASSOCIATION under the laws of THE UNITED STATES OF AMERICA · Lender' s address is 314 SO. WASHINGTON/ P.O. BOX 1620 AFTON, WY 83110 Lender is the mortgagee under this Security Instrument. organized and existing (D) '~ote" means the prormssory note signed by Borrower and dated 3LINE 21, 2004 The Note states that Borrower owes Lender FIFTY-THREE THOUSANB AND 00/100 Dollars (U.S. $ 53,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than OULY 1, 2034 (E) "Property" means the p!'eperty that is described beloxv under the heading "Transfer of Rights in the Property." (F) "Loan" means the debt ev!denced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (G) "Riders" means all riders to this Security Instrument that are executed by Borrower. The following riders are to be executed by Borrower [check box as applicable]: [~] Adjustable Rate Rider 1-4 Family Rider '] Balloon Rider -] Condominium Rider Second Home Rider [-~ Other(s) [specify] ----] Planned Unit Development Rider [~ Biweekly Payment Rider TAX EXEMPT WYOMING - Single Family - Fannie M; e/Freddie Mac UNIFORM INSTRUMENT Page I of 12 Form 3051 (01/01) 539 (It) "Applicable Law" means ~.11 controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and o-acrs (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (l) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (J) "Electronic Funds Transfi~'r" means any transfer of funds, other than a transaction originated by check, draft[, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape sc as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, bu-t is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Escrow Items" mean those items that are described in Section 3. (L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii} :ondemnation or other taking of all or any .part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. ~ (M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (N) "Periodic Payment" means the regularly scheduled amount due' for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (O) "RESPA" means the Real' Estate Settlement Procedures Act (12 U.S.C. {}2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended fi.om time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's (',bligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secm'es to Lender:O) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (il) the performance of Borrower' s covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender' s successors and assigns, with power of sale, the following described property located in the TOWN OF KEMPlERER : [Type of Recording Jurisdiction] of LINCOLN COUNTY : [Name of Recording Juri~iction] SEE EXHIBIT A WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORaM INSTRUMENT Page 2 of 12 Form 3051 (01/0l) OSOO G2 ,,,, .... 540 which currently has the address bf Wyoming 83101 {zip codq 1022 SAGE AVE, KEMMERER [Stroll (" Property Address"): 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 Instrtment. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENAN~[S' that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey ;he Property 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~:ecord. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisd'cfion to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, .Iaterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principa of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note ;/n~:l this Security Instrument shall be made in U.S. currency. However, if any check or other instrument receiwd by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or mote of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, tr2:asurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are .i~;ured by a federal agency, instrumentality, or entity; pr (d) Electronic Funds Transfer. Payments are deemed recei~,ed by Lender when received at the location designated in the Note or at such other location as may be designa~zed by Lender in accordance with the notice provis.ions in Section 15. Lender may return any payment(s) or p~rtial payment(s) if the payment(s) or partial payments are insufficient to bring the Loan current. Lender may accept any payment(s) or partial payment(s) insufficient to bring the Loan current, without waiver of any rights he~:eunder or prejudice to its rights to refuse such payment(s) or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of' its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment(s) to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the fi~ture against Lender' shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payme~t~ or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender ihall be applied in the following order of priority: (a) interest due under the Note; Co) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order iff which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a paymen: from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge d ac, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Paymept is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Paym,mts il; and to the extent that, each payment can be paid in full. To the extent that WYOMING - Single Family - Fannie l'~la'e/Freddie Mac UNIFORM INSTRUMENT Page 3 of 12 Form 3051 (01/01) any excess x~st~a~f~e~t~i~.paye,~nt is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chat'ges due. Voluntary prepayments shall be applied firsl to any prepayment charges and then as described in the Nole Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow liens. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in lhll, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items whi.::h can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold pavr~ents or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender uric er Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu >£ the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Commmiity Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assesiments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid t.n.:ler this Section. Borrower shall pay Lender the Funds for Escrow Items nnless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the e~ent of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow It,'.ms for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make smh payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenam and agreement" is used in Section 9. If Borrower is oblig3ted to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amouut and Borrower shall then be obligat,~d under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,' Borrower shall pa; ,to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amaunt (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can reqmre under RESPA. Lender shall estimatd the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow !'terns or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrovl/e: for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall pot be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Fur~ds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Bo:rower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than twelve monthly payments. If there is a deficiency of Funds I,e!d in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shalI gay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than t~,eove monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Dm:ler. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain >r¢ority over this Security Instrument, leasehold payments or ground rents on the WYOMING - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page 4 of 12 Form 3051 (01/01) ,54° Property, if any, and Communi¥ Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower sha~.l pay them in the manner provided in Section 3 Borrower shall promptly dis~'harge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the pay~"l.mt of the obligation secured by the lien in a manner acceptable to Lender, but only'so long as Borrower is pert~:ming such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, lega 'Froceedings. which in Lender°s opinion operate to prevent the enforcement of the lien while those proceedings are: pending, but only until such proceedings are concluded; or (c) secures fi-om the holder of the lien an agreemenlt satisfactory to Lender subordinating tile lien to this Security Instrument. If Lender determines that any par~.! 6f the P~'operty is subject to a lien which can attain priority over this Security Instrument, Lender may give Bo[rower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall,s:,t!isfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrox?~;:r to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in conne~':tion with this Loan. $. Property Insurance. Bgrrower shall keep tile improvements now existing or hereafter erected on the Property insured against loss by,. fire, hazards included within tile term "extended coverage," and any other hazards including, but not. lim!t~d to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained :n! the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires p~rsuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing.the insurance shall be chosen by Borrower subject to L.ender's right to disapprove Borrower's choice, which right s.hall not be exercised unreasonably. Lender may require B6rrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time chargeI for flood zone determination and certification services and subsequent charges each time remappings or similar~,changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain ,~my of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower'i expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower' s equity in the Property: or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverege than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained' might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disburged~ by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrtiment. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payab!e, with such interest, upon notice fi'om Lender to Borrower requesting payment. All insurance policies requi~ed by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lend:fl shall have the right to hold the policies and renewal· certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance c~Werage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. · In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made Promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Prop,rty, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repfir and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an Opportunity to inspect such Property to ensure the work has been completed t'o Lender' s satisfaction, provided t.lat such inspection shall be undertaken promptly. Lender may disburse proceeds for tile repairs and restoration in ~, single payment or in a series of progress payments as tim work is completed. Unless an agreement is made !e writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be requ,ired to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid ont of the insurance proceeds and sball be WYOMING - Single Family - Fannie Ma.?Freddie Mac UNIFORM INSTRUMENT Form 3051 (01/01) '.~ Page 5 of 12 O OOLtL;2 ~ q tile sole obligation of Borrowe-. If tile restoration or repmr is nol economically feasible or Lender's security would be lessened, the msuranc:~ proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the ?r'operty, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower d3es not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance proceeds in an amount ,lot to exceed the amounts unpaid under the Note or this S~qurity Instrument, and Co) any other of Borrower' s rights (other than the right to any refund of unearned premiums: paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the c3verage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrowe." ,.;hall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execttion of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence .5o~ at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not'be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower' s control. 7. Preservation, Mainter~a:~ce and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property: /How the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property fi.om deteriorating or decreasing ~n value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not econgt~.~mally feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage, if insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such 3u'rposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progres[ payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or rdstore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or re.Ctoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the i lterior of the improvements on the Property. Lender shall give Borrower notice at the time Of or prior to such an i~at~rior inspection specit~ing such reasonable cause. 8. Borrower's Loan Api,Iication. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleadir, g, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borr'ower' s occupancy of the Property as Borrower' s principal residence. 9. Protection of Lender'~ Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the c'svenants and agreements contained in this Security Instrument, Co) there is a legal proceeding that might signific;tmly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over fl"ds Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then.~Liender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited'to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorney's fees to protect its interest in the Property and/or rights under this Security Instrument, including i:td. secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering tke Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminat': building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lend? may take action under this Section 9, Lender does not have to do so and is not WYOMING - Single Family - Fannie M~e/Freddie Mac UNIFORM INSTRUMENT Page 6 of 12 Form 3051 (01lOt) 544 under any duty or obligation to dc so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed'by ~ender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These'. ~mounts shall bear interest at the Note rate from the date of disbursement and shall be payable, .with such inter':st, upon notice from Lender to Borrower requesting payment. If this Security Instrument :s.on a leasehold, Borrower shall comply with all the provis~ons of the lease. If Borrower acquires fee title to th,~ Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums:required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage re tuired by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Bom~wer was required to make separately designated payments toward the premm,ns for Mortgage Insurance, Borrowe~' shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated paymelits that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these paym:nts as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on .such loss reserve. Lender can no longer require loss reserve payments if Mortgage Inlurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lende~ again becomes available, is obtained, and Lender requires separately designated payments toward the premiums !-BM Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower 'was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower :;hall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until the Lender' s requirement £or Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. N, othing in this Section 10 affects Borrower' s obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the L0,in as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate {heir total risk on all such insurance in force from time to time, and may enter into agreements with other parties thllt share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to ~he mortgage insurer and the other party (or parties) to these agreements. These agreements may require the m0r~gage insurer to make payments using any source of funds that the mortgage insurer may have available (whic,.,h may include funds obtained from Mortgage Insurance premiums). As a result of these agreem(n~!s, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of' the foregoing, may receive (directly or indirectly) amounts that derive fi.om (or might be characterized as) a por'!ion of Borrower' s payments for Mortgage Insurance, in exchange for sharing or modify!ng the mortgage insurer"s risk, or reducing losses. If such agreement provi.des that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid tO the insurer, the arrangement is often termed "captive reinsurancg." Further: (a) Any such agreementsywill not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms tf the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, ami they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeow~ers Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosa~'es, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned itt:the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. I~ WYOMING - Single Family - Fannie ~'l'a~/Freddie Mac UNIFORM INSTRUMENT Page 7 of 12 Form 3051 (01/01) If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repmr of the Property, if the restoration or r,epair is economically feasible and Lender' s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect au'ch Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shail be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a serios:ofprogress payments as the work is completed. Unless an agreement is made-in writing or Applicable Law recui,res interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Securi;y Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds skall be applied in the order provided for in Section 2. In the event of a total takir-g,, destruction, or loss in value of tile Property, the Miscellaneous Proceeds shall be applied to the sums secured .~/this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by .this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the st,ms secured by this Security Instrument shall be reduced by the amoum of the Miscellaneous Proceeds multiplied by the following fi.action: (a) the total amount of the sums secured in~nediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Propert.¢ immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial tal~in~g, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, tht.; Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or no! the sums are then due. If the Property is abandone~l by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as deft,led in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within. 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then. d,,e. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whmn Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default i.f any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfi:it~re of the Property or other material impairment of Lender's interest in the Property or rights under this Se~,:urity Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided.~irr Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, pre.:k'des forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under Ihi ~ Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment o ~ Lender' s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Procee&, :that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Releas~d~ Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of tYe sums secured by this Security Instrument granted by Lender to Borrower or any Successor in htterest of Bermwer shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender sm I not be required to commence proceedings against any Successor in Interest of Borrower or to 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 Borrower or any Successors in Interest of Borrower. Any forbearance b~ Lender in exercising any right or remedy including, without limitation, Lender' s acceptance of payments fi.om third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not [',e h waiver of or preclude the exercise of any right or remedy. 13. Joint and Several L!al~qlity; Co-signers; Successors and Assigns Bound. Borrower covenants and WYOMING - Single Family '- Fannie 3¢la:e/l~¥eddie Mac UNIFORM INSTRUMENT Page 8 of 12 Form 3051 (01/01) agrees that Borrower' s obligatio:~s and liability shall be joint and several However, any Borrower who co-signs this Security Instrument but doe~ not execute the Note (a "co-signer'): (a) is co-signing this Security Instrument only to mortgage, grant and cor.vey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally ?bligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower ¢.'an agree to extend, modifi], forbear or make any accommodations with regard to the terms of this Security lnstrum?nt or the Note without the co-signer' s consent. Subject to the provisions o?i Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower' s rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security ,.Iinstrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instru~nent shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lende~!~ may charge Borrower fees for services performed in connection with Borrower' s default, fo~: the purpose of prote~ing Lender' s interest in the Property and rights under th[s Security Instrument, including, but not limited to, attorneys fees, property inspection and valuation fees. In regard to any other fees, the absence of express anthorit)'.' in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on thq :charging of such fee. Lender may not charge fees that are expressly prohibited by this Securi'ty Instrument or by, Applicable Law. If the Loan is subject to a la,~ which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with tile Loan exceed the permitted limits, then: (a) any such loan charge {'hall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refimded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (;,~hether or not a prepayment charge is provided for under the Note). Borrower' s acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borri>wer in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed oy first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any~,one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice"address shall be the Property Address unless Borrower has designated a substitute notice address by noti.ge to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address thrm[gh that specified procedure. There may be only one designated notice address .under this Security Instrument at'any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's, ~ddress stated herein unless Lender has designated another address by notice to Borrower. Any notice in conn(ction with this Security Instrument shall not be deemed to have been given to Lender until actually received byiLender. If any notice required by this Security Instrument is also required under ApplicableLaw, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. ~ 16. Governing Law; Severilbility; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jt:.risdiction 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 allcx¥ the parties'to agree by contract or it might be silent, but such silence shall not be construed as a prohibition a~,~inst agreement by contract. In the event that any provision or clause of this Security Instrument or the Note donflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the N,te which can be given effect without the conflicting provision. As used in this Security Inst-'~ment: (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 "ma'~ ' gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Bo(rower shall be given one copy of tile Note and of this Security Instrument. ... WYOMING - Single Family - Fannie 1V'ae/l~reddie Mac IJNIFORM INSTRUMENT Form 3051 (01/01) : ~ Page 9 of 12 0: 00(i(5;4. 4' '". 18. Trattsfer 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, th6se beneficial interests transferred in a bond ,%r deed, contract for deed, installment sales contra'ct 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 Pro?:rty 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 trausferred) without Lender' s prior written consent, Lender may require immediate F. ayment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by 'kender if such exercise is prohibited by Applicable Law. If Lender exercises this opti,on, 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 within which Borrower must pay all sums 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 instrument without fl~rther notice or demand on Borrower. 19. Borrower's Right to Eeinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enfore, ement of this Security lnstrumenl discontinued at any time prior to the earliest of: (a) five days before sale of ~be Property pursuant to any power of sale coma;ned in this Security Instrument; (b) such other period as Applicz.kle Law might specify for the termination of Borrower's righl 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 nrder this Security Instrument and the Note as if no acceleration had occurred; CO) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not l~fited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purFose Of protecting Lender' s interest in the Property and rights under this Security Instrument; and (d) takes such 'a:tion as Lender may reasonably require to assure thai'Lender's interest in the Property and rights under this 'Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall contiaue 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; Co) 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 nsured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement gy Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleratit,n had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Chang~ Of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known 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,. anti Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the'Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which wi'il state the name and address of the new Loan Servicer, the address to which payments should be made and ~n.y other information RESPA requires in connection with a notice of transfer of servieing. If the Note is sold and thereafter the Loan is servmed by a Loan Servicer other than the purchaser of the Note, the mortgage loan 3e;vicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer(s) 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 member of a clas.(.) that arises from the other party' s actions pursuant to this Security Instrument or that alleges thal the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower cr Lender has notified the other part)' (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 :o 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 tc ,Borrower pursuant to Section 18 shall be deemed to satisfy the notice and WYOMING - Single Family - Fannie i'4}ae/Freddie lVlac UNIFORM INSTRUMENT Page 10 of 12 Form 3051 (01/0l) opportunity to take corrective acti'.(m provisions of this Section 20. 21. ltazardous 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, 6ther flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, .materials containing, asbestos or formaldehyde, and radioactive nkaterials; (b) "Environmental Law" means federal laws and la~?! of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "En{iironmental Cleanup" includes any response action, remedial action, or removal action, as defined in Enviromhent~.l Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger, an Environmental Cleanup. Borrower shall not cause o:r 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, anythin~i 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 thalti..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 subst'ances in consumer products). Borrower shall promptly giv;.iLender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or [c, gulatory agency or private party involving the Property and any llazardous Substance or Environmental La~.of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition c/~used by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property.. ~If Borrower learns, or is notified by any governmental or regulatory authority, or any private party, that any cerebral 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 ob gation .on Lender for an Enviromnental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedie,';,: Lender shall give notice to Borrower prior to acceleration following. Borrower's breach of any cove~iant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicai~.!e Law 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 ami sale of the Property. The notice shall t'~trther inform Borrower of the right to reinstate after acceleration and the right to bring a court actiou tq, assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate,.payment in full of all sums secured by this Security Instrument without further demand and may invol~ the power of sale ami 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, retilonable attorneys' fees and costs of title evidence. If Lender invokes the pow~"r of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the l¥operty, if different, in accordance with Applicable Law. Lender shall give notice of the sale to Borrower iff the manner provided iu Section 15. Lender shall publish the notice of sale, and the Property shall be sold !n the manner prescribed by applicable law. Lender or its designee may purchase the Property at any sal:. The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, b'.~t 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 c~all sums secured by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay ;my recordation costs. Lender may charge Borrower a fee for releasing this ifff~e fee is paid to a third party for services rendered and the charging of the fee is Security Instrument, but only ~ WYOMING - Single Family - Fannie Ma*TFreddie Mac UNIFORM INSTRUMENT Page 11 of 12 Form 3051 (01/01) permitted under Applicable Law. 24. Waivers. Borrower relei~ses and waives all rights under and by virtue of the homestead exemption laws of Wyoming. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(s) ex-.outed by Borrower and recorded with it. Witnesses: (Seal) - Borrower Social Security Number Social Security Number (Seal) - Bo~TOWCr Social Security Number (Seal) - Borrower (Seal) Social Security Number .............................. [Space Below This Line For Acknowledgment] ........................... STATE OF WYOMING ) ) SS: COUNTY OF LINCOLN ) The foregoing instruinent was ac mowledged before me, a Notary Public, on by: JILL MARIE PRIC'E, sole owner JUNE 21, 2004 Date Person(s) Acknowledging In WITNESS WHEREOF, I haw hereunto set my hand and official seal. My Commission exp,res:~'fi'~~~4 ~x.~O~:~ 0UNTY OF ~ ~TATE OF [ WYO~G - SMgle Family - Fannie ~'a~d~eddie Mac ~ORM IN~RUh~ENT , ~ Pagel2ofl2 Notary Public Form 3051 (01/01) 550 Exhibit "A" The Northerly thirty-sew,.n and one-half feet (N371/2') of Lot Numbered Six (6) in Block Numbered Fifty (50) in the Second Addition to the Town of Kemmerer, Lincoln County, Wyoming, as surveyed, platted and recorded, and more particularly described as follows: Beginning at the Northwest Corner of said Lot Numbered Six (6) in said Block Numbered Fifty (50) in the Second a,ddition to the Town of Kemmerer, and running thence Easterly along the Northerly bourdary line of said Lot 140 feet, to the Nodheasterly Corner of said Lot; thence Southerly along the Easterly boundary line of said Lot, 37.~/~ feet; thence WesterlY at right angles and parallel with the Northerly and Southerly boundary lines of said Lot, 140 fe~':t to a point on the Westerly boundary line of said Lot 37 ~ feet Southerly from the Northwesterly Corner of said Lot; thence Northerly along the Westerly boundary line of said Lo! 37 ½ feet to the point of beginning MORTGAGE ADDENDUM ' ~ ,5 ;D _k The following i.~ an Addendum to the Mortgage. The addendum shall be incorporated in!o, and recorded with, the Mortgage. TAX EXEMPT FINANCING RIDER This Tax-Exeml0t Financing Rider is incorporated into and shall be deemed to amend the terms of the Mortgage to which it is attached. In addition to the' covenants and. agreements made in the Security instrument, Borrower and Lender further covenant and agree as follows: Lender, or such of its successors or assigns as may, by separate instrument, assume responk~bility for assuring compliance by the Borrower with the provisions of this Tax Exempt Financing Rider, may require immediate payment in full Ol all sums secured by this Security Instrument if: a) All o/;.part of the Property sold or otherwme transferred (other than by cievise, descent or operation of law) by Borrower to a purchaser or other transferee: ii) iii) iv) Who cannot reasonably be expected to occupy the property as a principal resident within a reasonable time after the sale or transfer, all as provided in Section 143(c) and (i) (2) of the Internal Revenue Code; or Who has had a present ownership interest in a principal residence during any part of the three year period ending on the date of the sale or transfer, all as provided in Section 143(d) and (i} (2) of the Internal Revenue Code; or 'At an acquisition cost which is greater than 90 percent of the average area purchase price (greater than 110 percent for targeted area residences), all as provided in Section 143(e) and (i) (2) of the Internal Revenue Code; or Whose family income exceeds applicable income limits as provided in Section 143(1'} and {i] {2] of the Internal Revenue Code. b) BorIower fails to occupy the property described in the Security Inst:.-t:ment without prior written consent of the lender or its successors or assigns described at the beginning of this Tax Exempt Financing Rider, or c) Borrower omits or misrepresents a fact that is material with respect to the provisions of Section 143 of the Internal Revenue Code in an application for the loan secured by this Security Inst~'xtment. References are to the Internal Revenue Code as amended, in effect on the date of execution of the Security Instrument and are deemed to include the implementing re ~llations BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions in this Tax-Exempt Financing Rider. l~rrower JILL I~LiRIE PRICE Borrower MPP 210-B (Rev:.sed 12/95)