Loading...
HomeMy WebLinkAbout900513~30743 (02) After Recording Return To: FIRST NATIONAL BANK-WEST PO BOX 3110, 100 GREYS RIVER ROAD ALPINE, WYOMING 83128 9 O0 5 [Space Above This Line For Recording Data] MORTGAGE Loan Nnmber 59050569 lVl ERS Number 100015700037972979 DEFINITIONS Words used in multiple sections of th~s:document are defined below and other words are defined in Sections 3, t 1, 13, 18, 20 and 21 Certain rules regarding the nsag:~ of words osed in this document arc also provided in Section 16. (A) "Secm'ity Instrument" means this document, which is dated JUNE 21,2004, together with all Riders to this document. (B) "Borrower" is KATtILEEN E. ~RICKSON, A SINGLE WOMAN. Borrower is the mortgagor under this Security lnsm,ment. (C) "M_ERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee tbr Lender and Lender's succe~.sors and assigns. MERS is the mm'tgagee tinder this Security lnstrmnent. MERS is organized and existing under the laws :of Delaware, and has an address and telephone number of P.O. Box 2026. FAint, MI 48501-2026, tel (888) 679-MERS. (D) "Lender" is FIRST NATIONAL BANK-WEST. Lender is a CORPORATION organized and existing under the laws of WYOIMING. Lender's address is PO Bt ~X 3110, 100 GREYS RIVER ROAD, ALPINE~ WYOMING 83128. (E) "Note" means the promissory nme signed by 'Borrower mid dated JUNE 21, 2004. The Note states that Borrower owes Lender SIXTY-SEVEN TIIOUSAND FIVE I{IINq)RED AND 00/100ihs Dollars ('U:S.$67,500.00) phis interest. Borrower has promised to pay this debt in regular i, Xriodic Payments and to pay thc debt in fidl not later than JULY 1, 2034. (F) "Property" rneans rim property that' !s described below under the heading "Transfer o£ Rights in the Property." (G) "Loan" means the debt evidenced by the Note, pins interest, any prepayment charges and late charges duc nnder the Note, and all sums due under this Secarity Inst- ument, plus interest. (11) "Riders" means all Riders to Off,, :Security Instrument that are executed by Borrower. The t'ollowing Riders arc to be executed by Borrower [check box as app:icable]: fl] Adjustable Rate Rider ~] Condominimn Rider [] Second Home Rider [] Balloon Rider FI Planned Unit Development Rider [] Other [SpecifY l [] 1 4 Family Rider E:} Biweekly Payment Rider WYOMING--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3051 1/01 (page I o]'11 pages) (1) "Applicahle Law" means all controlling applicable federal, s~atc and local statutes, regulations, ordinances and administrative rides and orders (~hat have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Conmmnity Association Dues, F?es, and Assessments" means all dues, l~es, assessments and oflmr charges that are imposed on Borrower or the Property by t condominium association, homeowners association or similar organization. (K) "Electronic Funds Transl'er" me,'n} any trm-~st~r of funds, other than a transaction originated by check, drali, or similar paper instrument, which is initiated th!'ongh an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such tem~ includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse tr~sfers. (L) "Escrow Items" metros those itenm emi arc described in Section 3. ('M) "Miscellaneous Proceeds" means any compensation, settlement, award of d~mges, or p'roceeds paid by any third party (other than insurance proceeds paid ur.der the coverages described in Section 5) tBr: (i)damage to, or destruction of, the Property; (ii) condenmation or other taki}ng of all or ~my part of the Propc:ty; (iii) conveyance in lien of condemnation; or (iv) misrepresentations of, or omissions as to, the wdue and/or condition of the Property. (N) "Mortgage Insurance" means insuram}e protecting Lender against the nonpayment of, or default on, the Loan. (O) "Periodic Payment" means the rcgt~darly scheduled amonnt due lBr (i) principM and interest under the Note, plus (ii) any amounts nnder Section 3 of this Security ~ m:trument. (P) "I~ESPA" me~s the Real Estate ;ettlement Procedures Act (12 U.S.C. 5 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Pa~ 3500), a~, t;my might be amended from time to time, or m~y additional or successor legislation or regulation that governs the same subje:t matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that me imposed in regard t0 a 'lEderally related mortgage loan" even if the Loml does not qualit~ as a "t~derally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrov, ar" memos any pmty that has taken title to the Property, whether or not that party has assumed Borrower's obligations under thc Note and/or this Security Instrument. TRANSFER OF RIGItTS 1N THE PROI ERTY This Security Instrument secures to Lend :r: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of BmTower's covenants and agreements nnder this Security Instrument and thc Note. For this pu~ose, Bon-ower does hereby mortgrge, grant ,md convey to MERS (solely as nominee tbr Lender and Lender's successors m~d assigns) ~d to the successors mW. assigns of MERS, with power of sale, thc following described property located in the County of LINCOLN : [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] BEGINNING AT A PO~T 1.74-1/2 FEET EAST FROM'A POINT WIIICH IS 3 RODS EAST AND 2 RODS SOUTH FROM THE NORTH~ST CORNER OF LOT 1, SECTION 33,. TOWNSftlP 35 NORTH, RANGE 119 ~EST, ~OMING (}VIIICII CORNER IS KNOWN AS THE CENTER ~TERSECTION OF?rilE STREETS RUNNING NORTtt AND SOUTH, EAST AND ~ST) R~NG T}~NCE EAST 140 FEET; THENCE SOUTH 8 RODS; TItENCE WEST 140 FEET; TI~NCE NORTH [' RODS TO THE POINT OF TIlE BEGINNING. which currently has the address of 1547 ¥~ YOMING II/GHWAY 239 IPREEI) OM , Wyo~ ting 83120 [City] [zip Code] W¥OM-ING--Single Family--F:mnie Mae/Fi:.'e,.tdie Mac UNIFORM INSTRUMENT [St,ced ("Property Address"): Form 3051 1/01 (page 2 of l I pages) 0900Sa.,3 .- 03 d TOGETHER WITH all lhe improvcmems now or hereafter creeled on thc properly, and all easemenls, appurtenances, mid fixlures no~v or hereaticr a pan of the pr(:.pe, r~y. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is retkrred to in ~hi8 Security Insmunem as tl~c "Property." Borrower nnderstands and agrees thai MERS holds only legal title [o the mmres[s ~rapmd by Borrower in fltis Secnrhy Insmn-nen[. but, if necessary ~o comply with law or custom. MERS (as nominee for Lender .and Lender's successors aud as~igns~ has the right: to exercise any or all of those interests, including, but not limited ~o, the righl [o foreclose and sell thc Property; and to rake any action required of Lcuder including, bul not limited ~o, releasing and canceling this Security h~strmncu[ BORROWER COVENANTS tim[ Bo,-rower ~s lawhdly seised of d~c estam hereby conveyed and has fl~e right [o mortgage, gram and convey the Property and that Ibc ProperW is u~encumbcrcd, cxcepl [~)r encumbrances of record. Borrower walTanIs ~d will dct~nd generally dm title to ihe l.'m[)er~y against all claims and demands subject ~o any encumbrances of record. THIS SECURITY INSTRUMENT c,:)mbines nnit~rm covenams l~r national usc ~(1 non-mfitbrm covenants will~ limited variations by jurisdiction ~o constitute a uni~brm secnrity ins[rumen~ covering real property. UNIFORM COVENANTS. Borrow:r and Lender covenam and agree as follows: 1. Paymem of Principal, Interest, :Escrow Items, Prepaymem Cbarges, and Late Charges. Borrower shall pay when due [l~e [)~incipM of, and interest on, the debt evidenced by l[le Note and any prepayment charges and late charges due m~der the No~e. Borrower shall also pay ~nds ;~)r Escrow lmms pursuam ~o Secdou 3. Paymcms due under the Note and tiffs Secnrily Instrument shall be made in U.S currency. However, if any check or odmr ulslrtmleUl received by Lender as payment under the Note or this Security lnstrmncnt is remrn3d to Lender unpaid, Lender may rcquirc that any or all subsequent payments duc under the Note and this Security [nstrmnent be mr:de in one or more of the following lbrms, as selected by Lender: (a) cash; (b) money order; (c) certified check, b~k check, [rcas,~rer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agercy, instmn~entality, or entity; or (d) Electronic Ftmds Transl~r. Payments are deemed received by Lender when received at thc localion designated m the Note or at such other location as may be designated by Lender in accord~2ncc with the notice provisions in Section 15. Lender may return any payment or pariial payment if the payment or pa~ial payments are insufficient to bring flic Loan current. Lender may accept any payment or partial payment insufficient to bring the ~ar current, withoul waiver of m~y rights heretmdcr or prejudice to its rights to re~tse such payment or partial payments in the fi-Cure, but Lender is not obligated to apply such payments at the time such payments arc accepted. If each Periodic Payment is applied as of its scheduled clue date, then Lender need not pay interest on nnapplicd fimds. Lender may hold such unapplied lunds until Borrower m~es payment to bring the Loan current. If Borrower does not do so within a reasouable period of t~me, Lender shall either apply such funds or return them ~o Borrower. If not applied earlier, such ~nds will be applied to,, tlie outst~ding principal balance under thc Note immcdiatdy prior to foreclosure. No olivet or claim which Borrower might h~we uow or in the ~ture against Lender shall relieve Borrower fi-om m~ing payments duc under tl~e Note mid this Security Instrument or pertbrming the covenants and agreements secured by this Security Inst ru ment. 2. Application of Payments or 7~oceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be al)plied in lhe tB~lowing order of priority: (a) intcresl due uudcr thc Note; (b) principal due tinder tile Nole; (c) amounts due nnder Section 3. Such payments shall be applied ~o each Periodic Payment in the order in which it bec~ae due. Any remaining amounts s~mli be applied first to late charges, sccoud to any other amounts due nnder this Security Instrument, and then to reduce the prineipal bahmce of the Note. if Leoder receives a Payment fi-or~ gorrower for a delinquent Periodic Payment which includes a sufficient mnouut to pay any late charge due, the payment may be applied to the delinquent paymcut and the late charge. If more than one Periodic Payment is outstandirsg, Lender may ai 1)17 any payment received from Borrower to the repayment of thc Periodic Payments if, and to the extent that, each payment can be paid in l':ull. To the extent that any excess exists after the payment is applied to the fldl payment of one or more Periodic' Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in d~e Note. Any application of payments, insurance proceeds, or Miscellaneous I rocecds to principal due under flic Note shall not extm~d or postpone the due date, or chan~:;e 1.he amount, of the Periodic } aymcnts. 3. Funds for Escrow ltenm. Borrower shall pay to Lender on tl/c day PcricMic I aym¢nts are due trader the Nme, until the Note is paid in ~11, a sum (the "Funds") .{o provide tBr payment of amounts duc for: (a) taxes and assessments and other items which eau attain priority over this Se~:urity Instrument as a lien or ctlcuBil)raBc¢ oll the Property; (b) leasehold payments or grotmd rents on the Property, if any; (c') premiums for any and all in,m-ante required by Lender under Section 5; and (d) Mortgage Insurauce premmms, if any, or any stuns payable by Borrower to Louder il/ lieu of the payment of Mortgage Insurance 1)remiums in accordance wilh the provisi,ons of Section 10. These items are called "Escrow Items." At origination or at any time dmmg tile term of tl'~e Loan, Lender may require that Cotmnunity Association Dues, Fees, mM Assessments, if m~y, be WYOMING--Single Family--Fannie Mae/l' reddie Mac UNIFORM INSTRUMENT Form 3051 1/01 (page 3 of !i pages) 0'300 51.3 ,. 03 5 escrowed by Borrower, and such dues, fees and assessmems shall be an Escrow Item. Borrower shall promptly furnish [o Lender all notices of an~ounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow ltelns mdess Lender waives Borrower's obligation to !~ay tile Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for mty or 'all E~crow Items at any time. Any such waiver may only be in writing· In the event of such waiver, Borrower shall pay directly, v'hen and where payable, the amounts due tut any Escrow Items for which payment of Funds has been waived by Lender and, ;.if Lender requires, shall fimfish to Lender receipts evidencing such payment within such time period as Lender may reqn're. Borrower's obligation to make such paymeuts and to t)rovide receipts shall for all purposes be deemed to be a covenant m~d agreement contained iu this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow :.'_ern, Lender may exercise its rights under Section 9 and pay such an-~ount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke thc waiver as to any or all Escrow Items at any time by a notict, given in accordance with Section 15 arid, upon such revocation, Borrower shall pay to Lender all Funds, and in such amonnts, tha!: are then required under this Section 3. Lender may, at any time, collect an,". hold Funds in an amount (a) sufficient to pem~it Lender to apply the Funds at tl~e time specified under RESPA, and (b) not to e:~ceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the bast': 'of current data mid reasonable estixnatcs of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an hstitution whose deposits are insured by a federal agency, instrnmentality, or entity (including Lender, if Lender is an institu'iion whose deposits are so insured) or iix any Federal Home Loan Bank. Lender shall apply tile Funds to pay the Escrow Itel ~s no later than the time specified under RESPA. Lender shall not cha~ge Bonower for holding and applying the Funds, annually analyzing the escrow accotmt, or verifying thc Escrow Items, unless Lender pays Borrower interest on the Funds mM )pplicable Law permits Lender to make such a charge. Unless an agrcemenL is made in writing or Applicable Law requires interest.to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interesL shall be paid on the Funds. Lender shall give to Borrower, without charge, an ~nnual accounting of the Funds as required by RESPA. If there is a snrph~s of Funds he d in escrow, as defined under RESPA, Lender shall account to Borrower for the excess fimds in accordance with RESPA. If th'zre is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Bt! rrawer shall pay to Lender the mnount uecessary to make up the shortage in accordance with RESPA, but in no more than 12 .nonthly payments. If dmre is a deficiency of Funds,held in escrow, as defined under RESPA, Lender shall notify Borrower as i~equired by RESPA, and Borrower shall pay to Lender the amount necessary to m'~e up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in lhll of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Bon'ower sha'.,l pay all taxes, assessments, charges, fir~es, and impositions attributable to the Property which can attain priority over this Se::m-ity Instrument, leasehokl payments or ground rents on the Property, il'any, and Community Association Dues, Fees, ard Assessmeots, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section: 3. Borrower shall promptly discharge m~y lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligati(n secured by tile lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contes.s the lien in good faith by, or defiznds against enlbrcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings arc pending, but only until such proceedings are conch, tied; or (c) secures from the bolder or' the lien an agreement satisfi~ctory to Lender subordinating the lien to this Security }astrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Secnrity Inslmment, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, B)r'-ower shall satisfy the lien or take oue or more of the actions set forth above in ibis Section 4. Lender may require Borrower to .'my a one4ime charge for a real estate tax verification and/or reporting service nscd by Lender in connection with this Loan. 5. Property lnst,rance. Borrower' shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards inclnded w'th'in the term "extended coverage," and any other hazards including, but not limited to, earlbquakes and floods, for which Ler der requires insurance. This irlsttraucc shall be maintained in the amounts (inclnding deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding se~rttenees can change during the term of the Loan. D.e insurance carrier providing the insur;mce shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower YVYOMING~Single Family--Famfie Mae/Fzeddie Mac UNIFORM INSTRUMENT Form 305'1 1/01 (page 4 of ll pages) to pay, iu connection with ibis Loan either: (a) a one time charge for flood zon~ determination, certification and tracking services; or (b) a one-time charge ~B' flood zon~ demrmination ami cerlification services aud subseqnem ch~'ges each time remappings or similar chan~es occur which reasonably might affect such dclermmafion or certification. Borrower shall also be responsible for the payment of any fee~, i~nposed by the Federal Emergency Management Agency in connection wilh fl~e review of any flood zone de,emanation resulting: fi~om an objection by Borrowe~. If Borrower f~ils to maimain any of the coverages described above, Lender may obtain insurance coverage, a~ Lender's option and Borrower's expense. Lencer'~ is under no obligation lo pmchase any parficula~ ~ype or amoum of coverage. Therelbre, such coverage shall cover Le~'~der, but might O~ might no~ proteci Borrower, Borrower's equiiy in ihe Property, or ~he contents of the Prope~y, against any ris~;, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges ~hat the .cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender nnder this Section 5 shall become additiomtl debt of Borrower secured by this Secux',~ty Instrument. These amounts shall bear interest at thc Note rate fi-om the date of disbursement m~d shall be payable, with tach interest, upon notice fi'om Lender to Borrower requesting payment. All insurance policies required by ~nfler ~nd renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, rind shall nmnc Leudcr as mortgagee and/or as an additional loss payee. Lender shall have the right to hold t~e policies and renewal certificates. If Lender requires, Borrower shall promptly give ~o Lender all receipts of paid premiums and renewal notices. If Borrower obtains auy liarm of insurance coverage, not otherwise required by Lender, for d~age ~o, cr .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 ~he event of loss, Borrower shall give prompt notice m thc insurance carrier and L~nder. Lender may make proof of h)ss if not made promptly by Borrower. Unl:~ss Lender and Borrower otherwise agree in writing, m~y insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to resioration or repair of the Property, if tile restoration or repair is economically 1Easible and l~evder's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insnrance l,,roceeds until Lende? has had m~ ol)portunity to inspect such Property to ensure the work has been completed to Lender's satisl~ction, provided that such inspection shall be nndertaken promptly. Leuder may disburse proceeds for the repairs mtd restoration in ~ single payment or in a series of progress pay~nents as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, kender shall not be required to pay Borrower m~y interest or earnings on such proceeds. Fees rbr public adjusters, or other third parties, retained by Borrower shall not be paid out of the insnrance proceeds and shall be the sole obligation of Borrower. It' the res/oration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the snms secured by this Security Instrmnent, wheflmr or not then due, with the excess, if any, paid to Borrower. Such insurmme proceeds shall be applied in the order proviAed for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurm~ce claim and related matters. If Borrower does not respoml within 30, days to a uofice from Lender that the insurance carrier has ofl~red to settle a claim, then Lender may negotiate m~d settle the claim. ~e 30-day period will begin wheu the notice is given. In either event, or if Lender acquires the Property under Section 22.or otherwise, Borrower hereby assigns to Lender (a) Bori-ower's rights to any insurance proceeds in an' mnount not to exceed tl~e amounts unpaid under the Note or this Secnrity Instrument, and (b)any other of Borrower's rights (other thm~ the rigl.t ,to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insohr as suc;' ~ights are applicable to the coverage of the Property. Lender may nse the insurance proceeds either to repair or restore the P;operty or to pay mnounts unpaid under the Note or this gecurity Instrument, whether or not then due. ' 6. Occupancy. Borrower shall o~ cupy, establish, and use the Property as Borrower's principal residence within 60 days after the execntion of this Security Instr.tment and shall continue to occupy the Property as Borrower's principal residence for at least one year a~er the date of occup/ncy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumst,mqes exist which are beyond Borrower's control. 7. Preservation, Maintenance m~d.Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or conm~it waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain th.: Property in order to prevent the Property froln deteriorating m- decreasing in wdue due to its condition. Unless it is determiv.:d pursuant to Scctiou 5 that repair or restoration is not ecouomically feasible, Borrower shall promptly repair the Property if ti, m.~ged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection wifl~ dmnage to, ,)r the t~&ing of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has relevsed proceeds for such purposes. Lender may disburse proceeds [br the repairs and restoratiou in a single payment or in a ;;eries of progress payments as the work is compleled. If the insurance or condemnation proceeds are not sufficient to repair or restc, re thc Property, Borrower is not relieved of Borrower's obligatiou [Br thc completion of such repair or restoration. ~*O~NG--Single Family--Fannie Mae/~?reddie Mac ~IFORM INSTRUMENT Form 30.51 1/01 O~age 5 (~11 pageO O O05:kL ?:--037 Lender or its agent may make reasonable entries upon mid inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvemt!nts on the Property. Lender shall give Borrower notice at the tnne ol-or prior to such an interior inspection specifying such reazonablc cause. 8. Borrower's Loan AI)plication 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 l:lse, misleading, or inaccurate information or s~atements to Lender (or failed to provide Lender with material infon'nation)in connection with the Loan. Material representations include, but are not linlited to, representanons COltCeruing Borrower's occupancy of the Property as Borrower's p:-incipal residence. 9. Protection of Lender's 'lntere~' t in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements' contained in this Security Instrumeut, (b) there is a legal proceeding that might significantly affect Lender's interest it' tile Property al:d/or rights under this Security Instrumei:t (such its a proceeding in bankruptcy, probate, for condenmation 'or forfeiture, tbr enforcement of a lien which inay attain priority over this Security Instrument or to enforce laws or regt'lations), or (c) Borrower has abandoned the Property, then Lender lnay do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights undm- this Security lnstrmnent, including protecting and/or assessing the value of the Property, and securing anti/or repairing the Property. Lender's actions include, but are not limited to: (a) pqying any sums secured by a lierl which has priority over this Security lustrument; (b) appearing in court; and (c) paying re'.sonable attorneys' fees to protect its interest in the Property and/or rights under this Secnrity Instrument, including its sect'-cd position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to lrl~f, rzpairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or otl:er code violat ons or d,'mgerous conditions, and have utilities turned on or off. Ahhough Lender may take action tinder this Section 9, Lender leo'es not have to do so ,'md is not under rmy duty or obligation to do so. It is agreed that Lender incurs no liability Ir'or not taking ray or all actions autborized under this Section 9. Any amounts disbursed by Lende: under this Section 9 shall becoine additional debt of Borrower secured hy this Security Instrument. These amounts shall beat- interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice fi-om Lender to Bor:ower requesting payment. If this Security Instrument is on a' leasehold, Borrower shall con:ply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leas,:hold and the fee title shall not merge unless Lender agrees lO the merger ill writing. 10. Mortgage htsurance. If Lent ei' required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain thc Mortgage Insur,'mce in elTect, lf, for rely reason, the Mortgage Insurance coverage required by Lender ceases to be availab'le, from the mortgage insurer tha! previously provided such insurance and Borrower was required to make separately designate6',l)ayments toward the prenfiums for Mortgage Insurance? Borrower shall pay the premimns required to obtain coverage:s,.lbstantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost' to Borrower of the Mortgage Insurance 1)reviously in eflizct, horn an ahernate mortgage insurer selected by Lender. If substanti~ lly equivalent Mortgage hlsurance coverage is not available, Borrower shall continue to pay to Lender the amount of the sep;~rately designated payments that were dlie when the insurance coverage ceased to be in effect. Lender will accept, use and retTir~ these payments as a non-refundable loss reserve in lieu of Mortgage lusnrance. Such loss reserve shall be non-refimdable, no,withstanding the fact that the Loan is ultiniatcly paid in full, and Lender shall not be required to pay Borrower any interest ar earnings on such loss reserve. Lender can no longer require loss reserve payments it' Mortgage Insurance coverage (in tile an:to:mt and roi- the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, ~tr. cl Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required iVlortgage Insurance as a condition ot' making the Loan and Borrower was required to make separately designated payments toward the prentiums for lvlortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effecL or to provide a non-refnndable loss reserve, until Lender's requirement for Mortgage Insurance ends m accordance with any 'vritten agreement between Borrower aud Lender providing for such termination or until termination is required by Applicable :.aw. Nothing in this Section 10 affects Borrower's obligation to pay interest at lhe rate provided in the Note. Mortgage Insurance reimburses Lt nder (or any entity that purchases the Note) k)r certain losses it may mcnr if Borrowm does not repay the Loan as agreed. Borro~ver is not a party to the Mortgage lnsurauce. Mortgage insurers evaluate their iotal risk on all such insm-ance m force from time to time, and may enter into agreements with other parties that share or modily their risk, or reduce losses, q'hcse agreements are on terms and conditions that are satisfactory to the mortgage insurer m d tile other party (or pm:les) to these agreements. These agreements may require the mortgage insurer to make payments nsi::g'any source of fi_rods that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance :o~iemiums). WYOMING--Single Family--Fannie Mae/F c~:'ddie Ma£ IJNIFORM INSTRUMENT Form 3051 1/01 O~age 6 of 11 pages) :'%?:'"::.i As a resnlt of these agreements, Lender, any purchaser of tile Note, ~modler 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 portion of Borrower's payments for Mo:tgage Insurance, in exchange l'br sharing or modifying the mortgage insm'er's risk, or reducing losses If such agreement provides that an affiliate of Lender takes a share of tile insurer's risk in exchange for a share of the premimns paid to the insurer, tilt arrangement is often termed "captive reinsurance." Further: (a) Any such ngreements will not 'aff"ect the nmonnls that Borrower has ngreed to pay for Mortgnge lnsnrance, or any other terms of tile Loan. Such agreements 'will not increase tile amonnt Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any r~'.ftmd. (b) Any snch agreements will ln~ at'feet the rights Borrower bas - il' any - with respect to the Mortgage lnsm'ance trader the Homeowners Protection Act ol' 1998 or any other law. These rights may include tile right to receive certain disclosures, to request and obtain c:mcellation of tile Mortgage hisurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refand of ally Mortgage lnsnraucc premiums that were unearned fit tile time or such cancellation 6r termination. 11. Assignment of Miscellaneon~ Proceeds; Forfeiture. All Miscelhmeons Proceeds are hereby assigned to and shall be paid to Lender. If the Property is dmnaged, sucl' Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically ':'e~sible mid 'Lender's security is not lessened. During such repair and restoratiori period, Lender shall have the fight to hold such Miscellaneous Proceeds until Lender has had mi opportunity to inspect such Property ensure tile work has been completed to~ Lender's satisfaction, provided that such inspectioa shall be undertaken prolnptly. Lender may pay for the repairs and Yestoration in a single disbursement or in a series of progress payments as ~he work is completed. Unless an agreement is m,.~de in writing or Applicable Law requires interest to be paid on such lVliscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such lVliscellaneous Proceeds. If tile restoration or repair is not economic~qly feasible or Leuder's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this .~;e,:.'nrity Instrument, whether or not then due, with the excess, it:any, paid to Borrower. Such Miscellaneous Proceeds shall be applied m tile order provided tbr in Section 2. In the event of a total taking, cle,etniction, or loss in value of thc Property, the Miscellaneous Proceeds shall be applied to the stuns secured by this Sccnrity Instrm.lent, whether or not d~en due, with the excess, if any, paid to Borrower. In the event of a partial taking, d ~st, ruction, or loss iii value of thc Property ill which ihe fair market value of tile Property inmaediately before the partial taking, c'..eStruction, or loss m value is equal to or greater than the amount of the sums secured by this Sectirity Instrument immediately '.ie:'bre the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security lnsmnnent shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following f,'action: (a) tile total amount of tile sums secured immediately before tile partial taking, destruction, or loss in wdue divided by (b) the fair marke! value of thc Property innncdiately belbrc the partial taking, destruction, or loss in value. Any balm~ce shall be paid to Borrower. In the event of a partial taking, 'desti-uction, or loss m value of the Property in which tile fair mmkct value of the Property immediately betbre lhe partial taking,., destrnction, or loss iii value is less than tile anlount of the sums secured immediately before the partial t~ing, destruction, or lo.;s m wdue, nnless Borrower and Lender otherwise agree iii writing, the Miscellaneotts Proceeds shall be applied to the sums seCuccd by this Security lnstrmnent whether or not tile stuns arc then due. If the Property is ab,'mdoned by B m-ower, or if, after notice by Leudcr the next sentence) offers to make an'award to settle a claim fi~r dantages, Borrower fails to respoud to Lender within 30 days after the date the notice is given, Let, der is authorized to collect and apply tile Miscellaneous Proceeds either to restoratioa or repair of the Property or to thc StllllS sec3red by this Security lnsu'ument, whether or not then due. "Opposing Party" means lhe third party that owes Borrower Misct-lianeous Proceeds or tile party against wholn Borrower has a right of action iu regard to Miscellaneous Proceeds. Borrower shall be in del"anlt it' :ny action or proceeding, whether civil or criminal, is begun that, m Lender's judgment, could result in forfeiture of tile Property or o~her material impairment of Lender's interest iii tile Property or riglns under this Security lnstnnnent. Borrower can cnrc sach a defauh and, if accele,'atio,~ has occurred, reinstate as provided in Section l f), by causing the action or proceeding to be d smissed with a ruling that, in Lender's judgment, precludes tbrfeiture of the Property or other material impairment of Lendcr'~ interest in tile Property or righls umler this Security Instrument. Thc proceeds of any 'award o,' claim lbr damages lllat are a' tiibntablc to Ihe impairment o1: Lender's interest in tile Property are hereby assigned aud shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of tile Property shall be applied in tile order provided tbr in Section 2. W¥OlMING--Single Family--Fannie Mae/Tri:ddie Mac UNIFORM INSTRUMENT Form 3051 1/0l (page 7 of ll page.O 12. Borrower Not Released; For'.:,earance By Lender Not a Waiver. Extension of the lime for payment or modification of ~ortization of the sums secured by [kis Security Iustrument granted by Lender to Borrower or any Successor in lnteresi of Borrower shall not operate to release ~b'6 liability of Borrower or any Successors in Interest oi' Borrower. Leuder shall not be required to commence proceedings aga.~st ~y Successor in h~terest of Borrower or to refuse to extend time for payment or otherwise modi~ amortization of the sums scented by this Security lnstrtuncnt by reason of any demand made by thc original Borrower or m~y Successors in Interest of Borrower. Any forbearm~ce by Lender iu exercising any right or remedy iucluding, without limitation, Lender's acceptance: 0f payments from third persons, entities or Successors in Interest of Borrower or in amouuts less than the mount then clue, sl.a:ll not be a waiver of or preclude thc exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability sh;'.11 be joint and several. However, auy Borrower who co-signs this Security Instrument but does not execute the Note (a "co-sig aer"): (a) is co-signing this Security Instrument only to mortgage, gr~t and convey the co-signer's interest in the Property un( er the teton of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; an0 (c) agrees that Lender m~d ;my other Borrower can agree to extend, modify, tbrbear or m;~e any acco~mnodations with regard to t~e terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Sectio~; 18, any Successor in Interest or' Borrower who assumes Borrower's obligations under this Security Instrument in writing, ~,'.l,~ is approved by Lender, shall obtain all of Borrower's rights and benefits nnder this Security Instrument. Borrower shall not'be released fi'om Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in Writing. The coven~ts and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may cha~ge Borrower fees for semites performed in connection with Borrower's dctktult, lbr the purpose of pro~ecting Lender's interest iu the Property and rights under this Security Instrument, including, bnt not limited to, attorneys' tkes, property inspection an~ '.valuation Ikes. In regard to any other lkcs, the absence of express authority in this Security Instrument to charge a specifi~ t~e to Borrower shall not be construed as a prohibition on the charging of such Lender may not charge fees that arc expre'.;sly prohibited by this Security h~strument or by Applicable Law. if the Lo~ is subject to a law wh'.c~h sets maximum loan charges, aud that law is finally interpreted so that the iuterest or off, er lo~ charges collected or to be cO~llected in comaection with the Loan exceed the perrnitted limits, then: (;t) any such loan charge sh~l be reduced by the mount re:essary to reduce the chin-ge to the permitted limit; ~md (b) ~y sums already toilet[cd from Borrower which exceeded pen~tte[l limits will be re,haled to Borrower. Lender may choose to make this re~ud by reducing the principal owed under the Note or by making a direct payment to Borrower. If a relhud reduces principal, the reduction will be treated as a partial p~epayment without any prepaylnent charge (whether or not a prepayment charge is provided for under the Note). Borrowt;'~s accept~ce of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower m'g,ht have arising out of such overcharge. 15. Notices. All notices given by Bmxower or Lender in connection with Ibis fiecnrity Instrument mnst be in writing. Any notice to Borrower in co~mecfion with t~is Security Instrument shall be deemed lo have been given to Borrower when mailed first class mail or when actually delivered' t0 Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly reqnircs otherwise. The notice address shall be thc Property Address nnless Borrower has designated.a s[~bstitute notice address by notice to Lender. Borrower shall promptly nodl~ Lender of Borrower's chm~ge of address. If [e.;~der specifies a procedure lbr rel)orting Borrower's change of address, then Borrower shall only repfirt a ch,rage of address th.cugh that specified procednre. There may be only one designated notice address under this Security Instrument at ~y one time. Any notice to Lender shall bc given by delivering it or by mailing it by first class mail [o Lender's address stated herein unless [ender bas designated another address by notice to Borrower. Auy notice in connection with this Security lnstrnmcnt shall not he deemed to have been given to Lender until actually received by Lender. If any notice required by this ,Security Instrument is also required nndcr Applicable Law, thc Applicable Law requirement will satis¢ thc corresponding reqnirement under this Sec~n'ity Instrument. 16. Governing Law; Severability; l;[ules nf Construction. This Secnrky Instrument shall be goverued by tkderal law anti the law of' the jurisdiction in which the 'Property is located. All rights and obligations contained in this Security lustsument are subject to any requirements and limitati~x~s of Applicable Law. Applicable l_aw might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not bc construed as a prohibition against agreement by contract. In the event that ~y provision or cia t~e of this Security Instrument or d~e Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security lustrurnent or the Note which can be given effect without tl~e conllicting provision " As used in this Security Instrument: (a) words of the masculine gender shall mean ~md inclnde corresponding neuter words or words of the feminine gender; (b) '~vords in the singular shall mean ~md include thc plural and vice versa; and (C) the word "may" gives sole discretion without any o.b~igation to take any action. 17. Borrower's Copy. Borrower Sl:,a:ll be given one copy of the Note and of [l~is gecttrity. Instrnment. Bor~'ower Initials WYOMING--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3051 1/01 (page 8 of 11 pages) '.;: ,,~i~!i;i ~ 18. Transfer of the Property or a Be'neficial Interest in Borrower. As used in this S'cction 18, "Interest iii the Property" means any legal or beneficial interest i t 'the Property, including, but not limited to, thosf~ beneficial interests transl'erred in a bond for deed, contract for deed, insta'lr~lent sales contract or escrow agreemeru, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or a~y Interest in the Property is sold tu- transferred (or if Borrower is not a natural person anti a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may reqtnre innnediate payment in full of all sums :si:cured by this Security Instrument. llowever, this option shall not be exercised by Lender if such exercise is prohibited by Al p~icable law. If Lender exercises this option, Lender shall give Borrower notice of acceleration The notice shall provide a period of not less than 30 days from the date the n~,tice is given in accordance witlt Sc~ction 15 within which Borrower nmst pay all sums secured by this Security htstmment. If B'mxower fails to pay dtese sums prit~r to the expiration of this period. Lender may invoke ,'my remedies pernfitted by this Sect.ri'ty Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain comlitions, Borrower shull have the right to have entbrcement of this Security .h~.strument discontinued at any time prior to the earliest of: (a) five days be/bre sale of' the Property pursuant to arty power of sale izoutained in this Security Instrlunent; (bi such other period as Applicable Law might specify for the terntination of Borrower's right to reinstate; or (c) entry of a judgnmnt enforcing this Security lnstrunlcnt. Those conditions are that Borrower: (a) pays Lender all sums which then would be dt,e under this Security Instrument and the Note as if no acceleration had occurred; (bi cu~-es any default of any other covenants or agreements; (c) pays =all expenses incurred in enforcing this Security Instrument, inclt-..dil~g, but riot liatited to, reasonable attonieys' fees, property inspection and valuation fees, and other fees incurred for tile pm-pose of protecting Lender's interest m the Property mid rights tinder this Security Instrument;and (ti) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security. Instrument, and BolTower's obligation to pay the sums secured by this Security Instrument, shall comimie unchanged. Lender may require that Bortt'~wcr pay such reinstatement sums and expenses in one or more of the following t'orms, as selected by Lender: (a) cash; (bi 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 insttred by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinst;tternent by Borrower, this Security Instrument and obligatious secured hereby shall remain fully effective as if no acceleraqon had occurred. However, Iliis right to reinstate shall not apply iii the case of acceleration under Section 18. 20. Sale of Nnte; Change of Loan S~r~vicer; Notice of Grievance. Thc Note or a partial interest in the Note (together wilh this Security lnstrutnent) c,'m be sold olte or more times without prior notice to Borrower. A sale might result iii a change in the entity (known as the "i~0an Servicer") that collects Periodic Payinems due under the Note and this Security Instrun~ent arid performs other mortgage loan servicing obligations under the 'Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the loan Servicer unrelated to a sale of d~e Note. If there is a change of the Loan Servicer, Borrower will be given written notice of tie change which will state the name and address ol' the new Loan Servicer, the address to which payments should be made and mty other information RESPA requires in comtection with a notice of trans[er of servicing. If the Note is sold and there, after the Loan is serviced by a l~oan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to B0rrower'will remain with the Loun Servicer or be transferred to a successor Loan Servicer mid are not assumed by the Note pm'chaser nnless otherwise provided by the Note purchaser. Neither Borrower nor Lender may co,nmence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises froln thc. other party's actions pursuant to this Security Instrument or that alleges that the other party has breached at{y provision of, or any cluty owed by reason of, this Security Instrnmcnt, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Sectiou 15) of such alleged hreach ami afforded the other party hereto a reason'~ble period after the giving of such notice to take corrective action. If Applicable [.aw provides a time period which must elapse be}'ore certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. Thc notice o~' acceleration and opportnnity to cure given to Borrower pursuant to Section 22 aud tbe notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section' 20. 21. l:lazardous Substances. As used in this Section 21: (a) "llazardous Substances" are those substances defined as toxic or hazardous sul)stanct:s, pollutams, or wastes by Environmental Law and thc t~fllowing substances: gasoline, kerosene, other flmnmable or toxic 'petroleuin products, t."~xic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (bi "Environmental Law" means federal laws and luws of the jurisdiction where the Property is located that relate to health, ,zal"~ty or enviromnental protection; (c) "Enviromncntal Cleanup" includes auy respouse action, remedial action, or remowd ac6on, as defined in Environmental Law; und (d) an "Environmental Condition" means a condition that can cause, contribute to, or ,~tllei'wise trigger an Environmcnlal Cleanup. llo,'rower Initials WYOh,'lINO--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTR/JMENT Form 3051 l/0l (page 9 of Il pages) Borrower shall not cause or permit ths.:presence, use, disposal, storage, or release of m~y Hazardous Substances, or threaten to release any Hazardous Substauees, on or in tile Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Coudi~ion, or (c) which, due to the presence, use, or release of a Hazardous Subst~mce, creates a condition lhat adversely affects the value of the Property. The preceding two sentences s'imll not apply to the presence, usc, or storage on the Property of small quantities of Hazardous Substances that are generally ?ecognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, haz~:dous substances in consumer products). Borrower shall promptly give Lender 'a, ritten notice of (a) any investigation, claim, demand, lawsuit or other action by any govermnental or regulatory agency or priv'te party involving the Property aod any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, :;,b) ,'my Environmental Condition, iuch, ding but not limited to, m~y spilling, leaking, discharge, release or threat of release of a.Ly Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adverse, y affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory attthority, or :my private party, that any removal or oilier remediation of any H~ardous Substance affecting the Property is necessary, B~rrower shall promptly take all necessary remedial actions iu accordance with Environmental Law. Nothing herein shall c-cate any obligation on Lender for an Enviromnental Cleanup. NON-UNIFORM COVENANTS. Bon:~wer and Lender l\mher covenant aud agree as follows: 22. Acceleration; Re~nedies. Lendei:i. shall give notice to Borrower prior to acceleration following llorrower's hreach of any covenant or agreement in this Secn:ity lnstrnment (I)ot not prior to acceleration trader Section 18 unless Applicable Law provides otherwise). The notice sll.all specify: (a) the default; (b) the action required to cure tile default; (c) a date, not less than 30 days frotn the date tile 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 hy this Secm'ity Instrument and sale of the '~roperty. The notice slmll further inform Borrower of the right to reinstate after acceleration and the right to bring a eom ~k action tO assert the non-exislence of a default or any other defense of Borrower to acceleration and sale. If lhe default i: not cared on or before the date specified in the notice, Lender at its option amy require imrnediate payment in full of /ill stuns secured by this Security Instrument without fm-ther demand and may invoke the power of sale aud any other remedies permitted by Applicahle Law. Lender shall be entitled to ctdlect all expenses incurred in pursuing the temp.'dies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. ' If Lender iuvokes the power of sal';, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, il' different in accordance with Applicable Law. Lender shall give notice of the sale to Borrower in the manner provided in Sedtion 15. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by Applicable La;¢. Lender or its designee nmy lmrcbase the Property at any sale. The proceeds of the sale shall be applied in the followilqg order: (a) to all expenses of the sale, including, bat 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 entitled to it. 23. Release. Upon payment of all sm:is secured by this Security Instrument, Lender shall release this Security htstrurnent. Borrower shall pay ,'my recordation costs. ,Lender may charge Borrower a fcc for releasing this Security histrument, but only il' the fee is paid to a third party lbr services rt:ndered and thc charging of the fcc is pemfitted nnder Applicable Law. 24. Waivers. Borrower releases m~d w':fives all rights nnder mid by virtue of the homestead exemption laws of Wyoming. WYOMING~ Single Family--Fannie Mae/Fredldie lVlac UNIFORM INSTRUMENT Ilorrower Initials ~) ~___...'~___~ l~'orm 3051 1/01 (tinge B'Y SIGNING BELOW, ,- .-042 Bon'ower a&:epts and agrees to the terms and covenants contained in this Security Iustmmem and in any Rider execnted by Borrower and recorded with it, (Seal) (Seal) (Seal) -Borrower -[Iorrowcr Below This Line For Acknowledgment] State of WYOMING ~ ) SS County of LINCOLN ) The foregoing insmnnent was ackn:~wledged before 21ST day of JUNE, 2004. Witness my hand and official seal. (Seal) My Cmmnission Expires: 09/18/07 me by KATIII,EEN E. ERICKSON, A SINGLE WOMAN this (Print or type name) 1NYOM]NG--Single Family--Fannie Mae/Fr,:!cldie Mac UNIFOIdVl INSTRUMENT l?orm 3051 1/0l (page .11 ~11 pages)