Loading...
HomeMy WebLinkAbout9036980C1'-07-2004 THU 03:40 PM #31205(02) 903698 FAX NO, 333 RECEIVED LINCOLN COUNTY CLERK P. 05 ---[Space Almve This Line Fnr Recorder Dalai -- MORTGAOE 591-0955658 '/03 THIS MORTGAGE ('%'entity Instrument") Is given on OCTOB]gR o7, 2004 TheMorlgagorjs T i~IOI~%.-q ALVA RL'qqDT AlCD ARY nrN'l[ Zn~.~T, HUSI~MCD ~ WIPe. AI~ NOLAN gIt~PSoN AND KA~g/~g $IMP~ON, a~.~m~am 2ucn wzl~ This $<Udly Instrument is given to WgSL$ PARgO ~4ANK, }T.A. which is organized and e~¢isling under thc laws of THE ITN1TED STATES , and whose'address is P,0. BOX Z0304, D~a ~oz~s, SA 503060304 ("~adcr"). Borrower owes Lender me prineipM sum of E~OHTY SIX TEOUS~ gIX ~D PORTY ~ 00/100 Dollars (U,S. $**********86,640.00 ), 'llHs debt is uvitlcnctM by Borrower's nolo dated d~e sane dale as dds Sccurixy Instrument ("Note"), which provides for mo:uhly payments, with the ~ll dcbl, if not paid g~ller, due and payable on ~ovg~gR 0~, 2034 . '[%is S<urlty Instrument Sccur~ lo Lender: (a) the repayment of thc debt evidenced by tho Note, widt interest, and all renewals, exi~sions and modifications of the Note; (b) the payment of ~1 other sum% wilh i~Rerest, Mvancud under paragrapll 7 to prol<t Ibc s<urky of this Security Instrument; ~d (c) the 00'1'-07-2004 ?HU 03',40 PH FP,× NO, 333 P. 06 " '-- 0002 O OSG: S of Borrower's covenants and agreements under this Security Instrument ~md tiaa Note, For aris purpose, Borrower does hereby morlgage, grant and convey to thc l,ender with po~er of sale the following described property located County, Wyoming: S~E ATTAOgED LEa~ CAVCO INDUS~RIHS, 12/08/93, HUD TAG ~'S ARZ 127634 & 127635 SERIAL-CAVeD 93"916fl, MOD~L-MALIBU-5628 BLT T~IS IS A PURCHA~ ~ONEY S~Ch~RZTY INSTRUMeNt. TAX STATEMENTS SHOULD BE SENT TO~ WEL~S FARGO HOME MORTGAGE, P.O. BOX 10304, DES MOINES, IA 503060304 ' which has the address of t,t BoWr~lg~ zd~rg, AFTON ($eeot, Cityl, Wyomiug 83110 gipCM4 ("Property Address"); TOGETHER WITH all flxc improve~nts now or hereafter creeled on the property, and fit casements, al~purtenaaces tind fix[u~s now or hereafter a part of the propeay. All replacemcms ~d additions sh011 also covcrcd by tiffs Security lnstrumellt. All of Ihe foregoing is refc~cd to in this Security lnstmnlent as the "Property." BORROWER COVENANTS ~aL Borrower is law~lly ~eJzed of the estate hereby conveyed mid h~ (he right nmrlgagc. Cmn{ ~d cnnvcy thc Pro~ffy and theft thc Prope~y 1s unencumbered, except for en~ml~rances of record. lh~rtower warmma and will defend generally the tide [o tim Property against all claims and dcm~mda, subject to c:l~¢~ll~l)ra~lecs of r~ord. Tills SECUIIITY INSTRUMENT combines unlfo~ covenan~ Mr national uso and non-aniform ~ven~ta will: l[milt~ vafint[on$ by jurisdiction to ~n~titute a unlfom~ security instrument covering real property. Borrower and Lender covenant ~md agrc~ ns follow~: UNIFORM {" ~OVENAN l S. h Paynl~nt of Principal, lntor~t and Late Charge. Bari'ewer slmll pay whezl du~ the principal of, and tnlerest c~(~, II~e deb~ evidenced by the Note and late charges due under fl~e Nole. ~. Monthly Puyment of Tax~, Instance and Other Charges. Borrower shall include in each monthly pa~eul, tdgethec with Ihe prhmipal ~d interest as act forth in tho Note and nny late charge$~ a ~um for (al t~es and sp<i~fl assessments levied or 1o be lovi~ against the Property, (bi le:~gehold payments or ground rents on the Properly, and (~) promluam for h~suran~ requircM tinder paragraph 4. In ~b' year in which fl~e lmnder mu~'t pay a mortgage insnranco premiunl lo lbo Seerelgy of Housing and Urbm~ Development ("Secrcl~y"). or in m~y year 'which ~uch premium would have b<n ~quired if Lender still held the Security Insu~ment, each alonflfly payment shall also include eilher: (ii a sum fat tho a~ual mor/gag~ insur~ce prcn~um to be paid by ~nder to the or (ii) a ll~mlhly charge instead of a me.gage insurance premium if ~ia Security Instrument is held by Ihe Secretary, In a reasonable alnomlt lo be determined by the Set.tory. Ex..pt for the monthly charge by {he S~relary, these hetm are ctflled "Escrow 1/ems' and rte sun~ paM to ~nder are called "Escrow Funds." I.ondcc may, at any lime, collect m~d l~old mnounta for Escrow Items in an aggregate mnount not to ex~d th~ mnxhnmt} amount lhat amy b~ required for BorrOwer's escrow account under tim Real Estate S~Itle~ent Procedures Acl of 1574, 12 U.S,C. Section 2601 et seq. and implenmnfing reg~afions, 24 CFR Part 3500, as ~ey l~y acnendod from IJffle tO time ("RESPA'), except dmt lhfi cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before th~ BorroweF$ payments ~e awdhble in the account may ~ot be based on amou~ls flue fac Ihe mortgage insuring< pr~um. 00~'-07-2004 THU 03:40 PM FR× ~0, 333 P, 07 090369 ( ('.0003 If d~o amou~l.~ held by Lender for Escrow Items exceed tho amounts l)cm~itted to be held by RESPA, Lender fl:tall aca~,z~t Io Borrower I'or the excess fu~s ~ required by RESPA. If the a~ounts of ~nds held by Lender at any time are not aurficlent m pay lhe Escrow lte~ when duo, ~oder may nodfy the Borrowe~ ~d require Borrower to make up the ahorlage aa i)ennitled by R~qPA. The Es'crow Funds are pledged a~ additionfl s~udty for a~l ~ums secured by this S~urity lnstn~ment, If Borrower tenders to Lender the full paytrlent of all such su~, Bo~ower's account shall b0 credited wi~h Ihe bflm~ rcmaining for all inslallnmnt items (a), (b), and (c) m~d my ~rtgago insurance premium inslallment that ~nder has nol l~ome obligaled to pay ~o the S~mtary, md Lender ~hfll promptly rct3nd any exc~ funds to Borrower. Im~ledialcly poor lo a fmeeloaure ~ale of tho Property or i~ acquisition by Lender, Bon~wer'a account ah~fll be credited wi~ h any I)alm~ec ri~maiaing for all h~stfllmcmls for ite~ (a), (b), and (c). 3. Application of Paym,~ts. All paym;mta under paragraphs 1 ~d 2 shah bc nppll~ by ~nder ~ l~llowa: Fi~, to d~c mortgage in,ur:mcr premimn to be pakl by ~Mer to ihe Secreta~ or to ~he month[y cl~arge by tho geerc? ~ry tnste~ of the m~hthly mortgage insurance pr~ium; ~ec~j)~., lo any taxes, special assessments, leasehold l)aY~n~ or ground rents, ~tnd fire, flood a~d other h~ard insurance premimr~, as requh'~; Third, to Interest due under lbo Note; ~, to anmdjz~tion of d~e principfl o¢ O~e Note; aaa E[~t~, m late chases due trader the Note. 4, Fire, l,'l~md ~lnd Olht, r [h~zard Insurance. Bt)~wer shMI insure all m'~provements on ~e Propeay, whether now in existence of snhsequcally erected, agflna; any h~da, easuMdes, and contingencies, including fire, for which ~'n,lcr requires insistence. 'l%Ls fnsttr~ shill be maintained in lhe m~ounts m~d liar the periods that Imnder requires, t~orrower shall also ins.r~ all Improvements on the Property, whether now In existence or subsequently erected, against loss by flo~xls lo file exlent required by the Sceret~. All inst~t'~ce ~hall be carried with complies apl)rOVe4 by Lender. ~e h~sunmce policies ~d any renewals sl~all be held by ~ndcr and shall include loss payable clauses in favor o~, an(l tn a form acceptable to, Lender. In Ibc event of loss, Borrower shill give Lender immgliate nods by mail. t,ender ,nay m~e p roof of loss if not ~m~de promptly by llotxowcr. Eac& i~urm~ce ~mpany coaeemcM ia hereby attthorjzed ~d directed to ~ke payment for.such loss direclly to I~nder, instead of to Borrower ~d to Lender jointly. All or ~y part of fl~e insurance proceed; nnqy be applied by ~dcr, at its oplion, eithc~ (a) to tim reduction of the indebtedness ander the Note m~d this Securlty Insln~ment, first Io m~y delinquent mnounts applied in the order it~ par;~graph 3, and then to prepayment o~ pr;neip;d, or (b) Io the restoration or r~aJr of th~ d~g~ Property. Any application of tho proceals to the principM shall not extend m' posq~mo the dar ~1~ of the monthly p~lcnts which are receded to tn paragraph 2, or chang~ the an~u~t or such payments. Any excess insurm~co pro~s over an m~oun~ requlrat to pay all outstanding indebtedness under lite Note and fi~is S~urity Instrument shall b~ p~d to Ihe entity lcg~flly emitlud thereto. In the cyril; of forc~losar~ of this Security hmtrument or other trm~.~t~r of title to Ihe Properly that exlingulshes the indehkxlness, all fight, tliI~ and IntereSt of Boffower tn and to h~;urtmce policies in force sh~l pass to the pttrc'haser, ' 5. Occupancy, l~e~ation, Maintenance and Protcxtian of the Property; Borrower,s Loan Application; Leasvholds. Itorrower shall occupy, cslabltsh, and use the Property as Borrower's principal rcsidenco wiflfia sinty days after Ihe execu tiao of lhia Security Instrument (or wilhla sixty days of a later sale or tr~gfcr of the Property) and shall ~ntinue to occupy ~e Property as Borrower's principal residence lbr at least one ye~ after the dale of oc~upm~ey, unless t~nder determines fl~at r~qulrement MIl cause undue t~ard.~hip for Sorrower. or unless extenuating circun'~s~anCCS ~x~st which ace l~yond Borrower's conlml. Borrower shall notify Ix'oder of any extenuating circumsl;mt;es. Borrower shall not commit wMte or destroy, damage or ~ubstm~tially chm~ge ~c Property or allow the Prolx'tty Io dtaerion~te, retz~om~ble we~ and te~ excepted. Lender may inspect tile Property il' the Property is vacant or abm~doaed or rite Io~ ia In default. [render may take reasonable ~tion to protect a~d prcse~e such v~t Or 0C'~'-07-2004 THU 03:41 PH FRX NO, 333 P, 08 0004 ab~mdoned Properly. Borrower shall ~llso be in del',qult if Borrower, during Iltc loan application process, gave matod;dly f~s¢ or inaccurale infornmtion or statements to Lender (or riffled to provide Lender with {my material InformatiOn) in eonnectlo,~ with the loan evideueed by the Note, including, but not limited to, reprcsentatlons concerning Borrower's occup~,ey of the Property a.~ a principal resident:. If ti:ds Security In,~trument is on a le:t,;ehold, Borrower shill comply with Ibc provisions of the lease. If l~orrower acquires tee lille to the Property, the le,'~hold a~d fee title shall t~ot bo merged ~sn]ess Lender agrees to the merger in writing. 6. Co,flemmtlion. The proceeds of ,quy award or claim for d~m~ages, direct or eonsequendil, in connection with ~y ct)ndemnatlon or olher taking of :u~y part of the Property, or for conveyancer in place of condemnation, are hereby ussigned and shall be p~kl to Lender lo the extent of ~l~e full amount of the inaebt~ness that remains unpaid under Ihe Note m~O Ibis Security lnsn~ment. Lender shall apply such proceeds to ~he reduction of tho indebtedness lmder Ib~ Note and this Se~,fiff ~stmment, first Io any delinquent amotmts applied in the order provided tn paeagr;q~h 3, ~md then Io prepayment of prindpfl, Any appli~don of the proceeds to ~e principal shall not extend or ~slpong Iho due d~a of Ihe monlhly paynmnts, which are refeged ~o in paragraph 2, or chmgo Ihe mnount of such p~ymcnts, Auy ~xcess pmc~ds over an amount requir~.io pay fll outsffa~ding indebtedness under the Nolo and this ~ccurlty h~strument droll be paid to the entity legflly entitled thereto. 7. Clmvgc~ to B~rrower and ~oteelion ct Lender's Rights in the Property. Borrower shall pay governmenlfl or municipal eh~ges, fines ~d impositimt~ that ~e not included in paragraph 2. Borrower shall pay Ihese ol~lig~ttions an time dlrt~lly to ~ho entity wlfieh is owed the payment. Il' I~dlure to pay would adversely affect I~'nder's interest in Ihe Property, u~n Lender's request Borrower sh~dl prompdy fi~rnish to ~nder evidencing Ihese pnym~nls. If Bo~wer falls to make d~esc pay~nl, or the payngnts requir~ by pm'agraph 2, or fails to perform any other ~oventmls and agreements contatn~ in [hls Security Instm~nt, or there is a legal preceding that nmy signific~tly aflk, ct Lender's rlgt~ls in lhe Property (such ~ a preceding in bm~kruptcy, fi~r condemnation or to enforce laws or reguh~lions), lhen ~ndcr may do :md pay wbalevet is nec~s~y to protect the v~lue of fl~e Property and l~nder's ri~,hls In the Pmp~ly, Including payment or tars. h~d ingumnce and other items mentioned in paragraph 2. Any amounts dlslmrsed by ~nder under this pf~ragraph shill become ;m additional debt of gonower and be sectored by Ihis S~x'a~rity Inslrument, ~use ~ounls shill bear interest l>om the date of disbursement, al the Note rote, ~1 at fi~u Option of l~nder, stlall ~ hnrnediately due and payable. Borrower shill prompdy discharge any lien which h~ priority over tl~Is Security lnst~=mcnt mfless Borrower: (n) ,l~grc~s in wriling to lhe payment o~ ~e obligation s~ured by the lie~ in a manner acceplable to ~nfler: ~) earnests in good faid~ ~o lien hy. or defends against enforcement of lhe lieu in, legal proceedings which in the la, flOor's opinion operate ~o prevent the enfomemen~ or the lien; or (c) secures fi'om lhe holder of the lien au r, greenlent ,afisr~to~ to I.emler subordinating thc lien to this Security Instrtm~ent. If Lender determines that any part al' Ihe [h~p~ly is subject to a lien which ~m~y analn priorlty over tiffs Security lnsu~ment, Lender may give Borrower n notice Jdcnfirylng the lien. Borrower shall satisfy the lien or t~e one or more c,f lhe actions set [ortb above within 10 dqyz of fl~o gjvlng of notice, 8. ~'e~. I.ende3 may toilet ft=~ ~d charges authorized by the Secretary. 9. (Irotmtts fi~r Aecel~,ttlon Of Debt. (n) Default. ~nder may, ex.pt ~ lltnited by ~egulatlons Issued by thc Secretm'y, ~ ~e case of payment defi~ults, require Immediate pad,eat in full of all sums ~ured by this Security Instrument (i) Boredwer defaults by fidling to p~ty in full ~ny monthly payment required by this Secx~rity Instrument prior Io or on the due date of ff~e next monfifly payment, or (il) Borrower defaults hy falling, for a period og thirty days, to perlb~ m~y t~ther olfiigadons contained in Ih~s Sc~urtty fnst~nt. (b) Sale Without Credit Approval, I gnder sl~all, if pennttted by al)plicable law (including Section 341('d) c~f ~he G~-St, Gem~fin Depository ln,~titutlon~ Act of ~982, 12 U,S,C. 1701j-3(d)) m~d with tim prior ~pp~ov:d oF the Secretly, requite i~edlate payment in ~11 of all gums secured by thi~ Security Inst~ment il': 0~'i"-0Y-2004 THU 03'.41 FftX FIO, 333 P, 000,5 (i) All or paa of Ihe Property, or a benefici~ interest In a trust owning all or part or' the Property, is sold or othemis~ tra. ns£erred (off,er than by d~vlse or desmar), ~d (ii) The Propeay is not occupi~ by tile purchaser or grantee as his or her principal residence, or tho purch~cw or grm~te¢ does so occupy th~ Pro.cry but his or her credit h~ not been approved in accordance with fl~e r~lulremen~ of ~e Sccret~, (c) No Waiver, If clrcu~t~c~s occur flint would permit ~nder to requir~ i~edlate payment in full, but 1 ~dcr does not require such paymenis, Lender does not waive its rights with resp~t to subscqaent evcnl$. (d) Reg~ation, of HUD S~retary, In m~y ci<m~ftances regulations issued by tho Secretary will llmit Lender's rights, h~ lhe cmsn of payment defaults, {o requir~ inm~edh~ie payment in Mil ired foce~lose if not paid. ~is $ecm'lty Inslmment d~s not aaihofi~ acceleration o~ fora Iosure if not permitted by regulations o~ lhe S~tcta~. (e) Mo~gage Not hmur~d. Borrower agrees ~at if this Security h'atrumeu[ and the Note are not {o bc eligible for insurm~ce under fl~c Nation~ Housing Act wiflfin 60 days from fl~ {late hereof, Lendcw may, al its opdon, r~qulre im~diatc pay~ in filll of MI sums seem'ed hy this RcCurily Instrument. A Wrilten stalcment tlr ~lny auihofiz~ agent of the Sc~retal~ dated subsequent to 60 days from tim dale hereof, d~linlng Io insure this S<urity Instrument ~d lhe Note, shall h~ deemed conclusive proof of such ineligibility. Notwi~standing ~e foregoing, ~is option may not h~ exercised by Lm~der when unava~abillty of iu~ura~ee is ~lcly due to Lendcr's fililur~ to remit a mortgage insurmee premium to Secretly. 10, Reh~ta{ement. Borrower h~ a right to ~ zeilLstatcM If Lender ha~ required i~mxmdla{~ payment in fid[ La,cause nf Borrower's failure to pay an mnount due under fl~e role or this Security h~trumcnt. '13ts rlgla applle~ even slier foreclosure pr~djngs ~e institute. To reins~lle the Security Instmmcnh Borrower shall tender in a lump sam all mnoun~ required to bring Bo~ower's account curreut including, to the exient riley ~e obligations of ~&)r~ owec under Ibis Security h~sti~mcn{, for<losure costs ~d reasonablo and cuatom~y altorneys' fees mid pmpl~rly ctasoai:ffed with ~le li~reclo~uro pro.ding. Upon reinstalcment by Borrower, this Security Instrument m~d lhe obligations that if ~cures shill remain in eft~l ~ if ~uder had not required hmnediate pa~ent M full. llowe~er, Lender is not required to pemgt relnslatement if: (i) Lender has ae~pted rcinstatenwn~ after the cnn~uenccment of forc~loallro proceedings within two ye~'$ i~diately preceding dm colmnen~ment of a cuffent l?,'ccloam'e proceeding, (il) reinstaemen/ will preclud~ foreclosure on different grounds in ~o ~tur~, or (iii) rt~histatcaleat will adversely affect the priority of fl~e lien crcalcd by this Securiiy h}stcumct~t. 1 I. llorrower Not Released; I'~:rb~ranee By Lendor Not a Waiver. Extension of the time of payment or modil]c~tion of afiorti/afion of the sm~ s~ured by this $ccurhy ln~tmmcnt gr~tcd by Lender to any successor in {nlcr~st at' Borrower shall not operate to release the liability of the original Bon'ower or Borrower's successor In i~{v{~ts/. I,e~xder sMII not b¢ required to ~nence pro~hlgs agaillst any successor in ~nterest or re~se to exIend lime for pay.~nt or olbct~lsc modify amolti?ation of~c sums $<ured by this Security Insll~meat by r~son of any dcnmnd made by Ihe original Bo~owet or Borrower's sue~ssocs in interest. Any I~rM~ance by Lender in exercising any rlgbl oc remedy shall not h~ a waiver of or preolude tim exercise of m~y right or remedy. 12. Successors and ~signs Bound; Joint and ~veral Liability; Co-Signers, %e covenants and agreements oJ' Ib}s Sec,dry ht~t~me~lt shall bind ired benefit the succesior$ ~d ~igns of l~nder and gon'ower, subject to lhe ptoviqions of par~qraph 9(b). Borrower'S torch,ants ~d agreements allah be joint and several. Any Borrower wino co-sfg.s IMs 8cc~tri~y Instmnmnt but does not ex<ute file Note: (a) is co-signing ass $ecurily Instrument only to motagage, ~rant ~d Cnnvey that Borrower's interest la lbo Properly under the terms of this Semfity Instrument; (b) ii n,at personally obligated to pay Ibc sun,s secured by this Security Instrument: and (c) agrees that lgnder and oll~¢r Borrower I~ay agr~ ia extend, amd{fy, forbear or make any ac~mn~odations wi~ regard to the te~ of Ihi~ Securily Iusta~menr or the Nolo without lhat Borrower's consent. 0CT-07-2004 THU 03: 41 PI"[ NO, 333 P. 10 13, Notice. Any notice to Borrower provided for in this Security Instrument shall bo given by delivering it or hy mailing il by first elas.,~ mail unless appllcablo law requires use of anolher method. Tl~e uodce sh~l bo directed [o die Property Address or any o~her address ~n'ower dc~lgnams by horde Id Lender. Any'notice to ~nder sh~l bo given by firs~ cla~s mail lo Lender's address slated herein or any address Lcr~der designa{es by notice Id Borrower, Any notice provided for in ~his S~urity Instmmen~ shall be de~ned ~o have been given to Borrower or ~ndcr when giwn ~ provided in Itli$ paragraph. 14. Governing Law; Severalfility, TIxi~ S~ufity lnst~ment shall be ge:vetoed by Feder~ taw m~d the law of lhe jurisdielion in which the Prol~rty is l~at~d, In the ev~t that nay provision or clause of dfis Securtty I~slmment Or file Note cmzflicts wilh applicable law, aaeh conflict shrill not afl~ct other provisions of this S~udty Instrument or tl}c Note wl~Jch c~u~ be given effect without thc confllclJng provision. To this end thc p~-ovislons of fifi,s Securi[~ ]~tslmmeut ~d the Note arc decided to be ~verable. 18, Borrower's Copy. Borrower shall be given and ~nformed copy of the Note and of this Security 16. Hazardous Suhstanc~. Bo~ower shall not ca~e or permit the p~'e,~cnce, use, disposal, storage, or release of any Ita~ardous Substance~ on or in the Pmpe~y. Borrower sh~l not do, nor nllow ~yone el~o Io do, anything afl~'cting tho Property Ihal is iu violation o1' any Environmental I,aw. Thc preceding two sentences shall not apply to ~e present, use, or storage on the Property of small qua~lilies of llazardo~s Substances thor are generally ~c<ogniec~ zo 1~ appmp~ate to normal residenti~d u~s and {o mainlen~ce of the Property. Borrower ~}all ptomplly give L~nder written nott~ of rely i~vestigalion, claim, demand, lawsutt or olber action by any governnmnlal or regulalo~ agency or pfivat~ p~ty hwolving ~c Property and any HazA~rdou~ Subst~lee or E~wironmcmlM Law of which Bo~ower has actuM knowledge. If Borrower learns, or is notified by any govcmmeutal ut r<gulatory attlhority, that ~y ~ov~ or olher remediation of ~y l-.l~ardous Substance.~ affecting Ihe Property is nt~ssat~, Borrower shall prox~plly t~e all ~cessa~ ~mcMial actions in aceordnnce with Envlmnmental I~w. AS used in thls paragraph 16, "II~rdous SubS/~ces~ are those substances defined as tox~ or h;~ardou$ substtme~.s by Enviromnen~d Law and the lbllowing $ubstm~ees: gasoline, kerosene, off, er flmmnable or {oxlc pell'o]¢u:l} producls, toxi~ ~stieides ~d herbicides, volatile ~lvents, material~ contalulng asbestos or formaldehydo, m~d radioactiw inaterlala. As used in this paragraph ]6, "Environmental Law" ~eans federal laws ~d ]aw~ of the jafisdiclis~a wl~er~ the Property la lo~aled that relate to health, salary or e~wironmenlal proteclion. NON-U~IFORM COVENANTS. B6~ower m~d l.ender lhrther eoven~t and agree as follow~: 17, Assignment of Rents. Borrower un~ndition~ly ~sign$ ~:d tr~lsl~rs ~o ~nder all tho rents ~d revenues of Ibc Prolx. rty. Borrower authorlze$ [gnder or ~nder's ageut~ to collect Ihe rents and revenues and hereby direet~ each tencmt of Ihe Prop¢~y m pay ~e rents to Lender or ~ader's agent~, However, prl~r lo ~nder'a nutted to Bo~ ffswer o~ Bo~ower's breach of any covenant or agreement in tlie Security Instnu~ent, Bon'owcr shall coIlcx¢ anal receive all ~'nts m~d reven~es of the Property ~ t~stee lbr the benefit of Le:~der and Borrower. This assignmeut of runts con,rtl.res an abs~dute ~s$ignment and not ~ assig~nt for addilion~l security only. If Lender gives nnlice of brea~h to Borrower: (a) ~! renls received by I~orrower shall be held by Borrower as [fi~saee Ibr benefi{ of Lender only, to be applied to th~ sums secured by xhe Sect~rity ]nsl~inenl; (b) Lender shall be enlitk~ to collect and receive all of the reut~ of the Properly; and (e) ench ten;mt of the Property ah~l pay ~1 rents due a~ld tmpaid to Lender or lznder'a agent ua ~nder's written demand to the tenant, ' Bon'nwer has no{ ex<uted ~y prior ~signment of tho rems and has no~ and wil] nox perfo~ any act that would pr~Venl [,,esxder Itom ~r~ising il,5 rights under fi'ds paragraph 17, ' ~nder ~hall uol be requir~ to enler upon, take control of or maintain ihe Property before or after glving notice of bcea<h lo Borrower. However, l~nder or a judicially appoJnt~ receiver m%, do so ~t ~y time ~er< is a breach; ~ny aplfl~cat[mi of renL~ Slla]l not cure or waive ~iy d~fault ~r Mvalldalc ~ny other righl or ten.dy of Lender, This as~ii~urne~tt of rents of Ihe Psoperty shall ternfinale when tho debt secured by tl~e Security lustrument i$ paid in full. - 0CT-07-2004 THU 03:41 Pit FRX NO, 333 P. 11 - -0007 18, l~ore¢l,mm'c Procedure. If Lender requ/rt.~ immediate payment in full mtder paragraph 9, Lender may [~valte the power of sale and any other remedi~ permitted by applicable law, Lender shall be entitled to collect all t~pe~tz incited In pursuing Iht rem~les proHfl~ In this paragrnph 18, including, but not Ilndted rcasonab}~ a~/orneys~ fc{~ ~d cOSts of title evidence. If f~nder invokes Ihe ~wer of sale, Lender s~ll g~ve notice of intent to for~lose ~o Borrower nnd 'person in possasion of the Proper/y, if different, In aeeord~ee with applicable law. Leader shall give notice of Ibc/ale to Borrower in the manner provided in paragraph 13. Lender shall publ~h the notice of sale, and the Property ~hall be sold in the manner pr~erlbed by applicable law, Lender or its daignce may purchase the Property at any sale. The proceo&s of the sale shall bc applic~ in the following order: (a) to all expefls~ of sale~ JnehMlng~ hut not limited ~o~ ~asonable al/orneys~ f~s; (b) ~o ali sums s~nred by thLs Rc~urity ~?rum~n[; and (e} any cxax~ to the p~son or pc~sons legally entitled to If the Lem~r's inter~i in ll~t S<ugty lnatmmoni t,~ held by ihe Secretary and th~ Secretary jmm~liale payment In f~t und~ Paragraph 9~ the Seerelary may invoke the nonjudicial power of sale provided in tho $~ngle Fanily Mortgage For~lasure Act or 1994 ("Act") (12 U.S.C, 3751 e~ seq.) by requiting a foreelcn'm.e commissioner d~ignat~ uader the Act to commence for~'/osure and to sell th~ Property as provided ht the Act, Nothing in the pr~eding sentence shall deprive the Secretary of any rights oth~wjsc available lo a Lender m~der this Paragraph 18 or appllcablc law, I9, Release, Upon payment of al sams s<ur~ by fids ~curlty Insln:ment, lznder shall rele~e this S<urity Inslmment without clmrg¢ to Borrower. Borrower shall pay ~y m~rdation costs, 10. Waivers. Bo~ower waives all rights of ho:~stcad ex~piion in the Property and relinquishes all rights of i'm't~y and dower in the Z1. Riders to this Security Instrmnenl, If elm or more riders are c.,;ccuted by Borrower and recorded togelher with Ih{s Security Instrumt;nt, .the covenants of each such rider M~all be incorporated into and sh~l ansaid and Sl~pplelnent the eovenm~ta alit] agreements of ~is Security Instrument as if thc rider(s} were a p~t of this Security ?~l~l~ne~l. [Chtx'k ~pplicable bOx(os)]. ~ J (.ondominiurn Rlder ~-] Growing Equity Rider r~ Other [$p<lfyl ~] Planne~ Unit Develoj)meut Rider ~ G~duat~ Payn~nt Rider ~ R~DRR 0CT-07-2004 THU 03:42 PH NO, 333 P, 12 BY $IGN]N£1 BELOW, Borrowe~ ae,'opts mid agrees to tho terms contained ir] this Security Instrument and in rely rlde['(.s) cxeculed by Borrower and recorded with it, T~OHAS/ALVA ~LINDT . -B,~rrowcr (Seal) -BorJ'ow~r NO~ ~MP SO~ ~ -~Orrow~ -)'lor~OW~r STATE 0¢ WYOMING, %~_.~.;~O,,_,n/._ County The foregoing instnm~ent was ackaowl~g~l before ~ this OC~0~ER 7Ta, 2004 (data) by .(Seal) -J~U fl'OWi:r T~O~S ALVA KLI~T AND AMY LYIT~ KLI~T AND NOL~ SII~SON AND ~YL~ SI~SON My C, sslmtission Expirc,~: NOall~/Public 0CT-07-2004 ?tlU 03:42 PI"I F~X NO, 333 P, 13 -,-0009 Record and Rel;urn [1'-]1 by Mail [[-]] by Pickup I~I'ANtJli'ACTURED HOME RIDER TO THE SECURITY INSTRUMENT Thb Rider Is made tiffs .Q..ctobec 7,.2004 . and is incorporated into sad amends and supplements Ihe Morlguge, Open-End Mortgage, Deed of Trust, or Credit Lb~ Deed of Trust, S~curity Deed InsimmenL") of'tho same date given by the undersig,cd ~'Borrower") to secure Borroww's Note ...... ("Leader") oflhe ;am~ date ("Note") and covering th~ Properly deseHbM in the flecm i~ Ins~ment aad lo~ated (Properly Addrcs0 -- Ilea'ewer a~ld I.a]der agree that tho Security Instrument is amendad aild st~pplelllellted to read as follows: I. Meaning of Some Words. As used in this Rider, the [~ml "Note" alkalis Ihe R'olnJsso~ Note that is dated with tho same dale as ibc Sccurlw Insm~menk As used in this Rider, the term "Loan Docun]enW' lneans the Nol0. tile Security Inslmment and the Conslmctlon Loan Agreement. As used in ~b Rider, the tern] "[,e~d~" means [I,ENDER] and any subsequent holder of the Note and file Security Instalment, the lean Borrower m~m~s allyflHa signing thc Nol0 or thc Securi~ Instrument as a Bo~owor, and tho l~nn 'Propeay" &s that term i~ defin0d in the $OCtll'l~ Instrument. includes the "Mmlufactured Homo" described In ps-graph 3 o~lhb Rider, to the extent it constitutes real property or a fixture. AH terms ~eflncd in the Note or tim SecuriW ln~rumeot shall have th~ same meaning in ;t)ia Rider. 2. P~rpose and Effect of Rider, 11.' THERE IS A CONFLICT BETWEEN THE PROVISIONS IN THIS RIDER AND 'I'[~ eSE IN THE SECURITY INSTRUMENT OR TH E NOTE. THE PROVISIONS IN TIllS Ri f)Ell SHAI.I, CONTROL THE CONFI.ICTING PROVISIONS IN THE SECURITY INS~IUMENT AND TIIE NOTE WILl. BE ELIMINATED OR MODIFIED AS MUCH NECESSARy TO MAKE ALL OF THE CONFLICTING 'I'E~.IS AGUE WITti Tills RIDER, 3, Lender's Security Interest, All of Bon'owcr's obligations secured by fl~e Security Instrument also shall be secured by.t~Manufactured Home. Usqd.._~. _ 19(Jt~strl~,~... Malibu-562g BLT ..~avcd 93:01~8 28x56 New/Used Yc~ Mmmfactu~er's Name ~;dcI N~mc'~ M~cl ~ .Sgrlal No Let~lh X 4, Affixaflon. Borrower cOVOllafl~ ~d agree.s: (al to [mm]an~n[ ly a~x the Manufactured Home lo thc (b) to eamply with all state and local laws, ~d regulations regarding the aflixation of~e Manu~4ca~red Home lo the Property; (el upoa l.~nder's request, to sun'eadur the certificate of title to the Maau~etured lie,ne, and to obtain the requisite governmental approval ~md d~umentatbn nvcessary to classify the Marm factored tbmo as real propeay under Applicable (d) fi, at aflbing the Manufactured IIome to the Prop~,~y docs not violate any zonbg laws or other local requiremenk~ applkable to fl~e Prope~; (e) that fl~e Mann~aetured Home will be, at all times and for all ptu'poses, permanently afl~Xed to and part o~ thc Property. Pal:e. I nf3 Re,,, 05/25104 ~ :', .~ 00?-07-2004 THU 03:42 P~ NO, 333 P, 14 "0 : 5. Charges; Llen~. Sect[on 4, Para§mph I of the Reeurily ln;trument is amended to add a new third to mad: Itorrow~r droll prompdy furnish to Lender all nnCices ofamom~ts to bo paid under this paragraph and receipts evid0nctng d~e paymems. 6. Property Insafinea. S~tion 5, Paragraph 1 of the 8Ccuri~ Instrument i5 am,Mod lo add a new second sentence to read: ~mnever tho M~ufactured Homo ia ~sported on the Ifi~} way, Borrow,r must haw trip hlsuranee, 7. Notices, l~e second senlenco of Section 15 of thc Security Instrument is amended by Msertlng fl~e words "tmless otho~lse required by la~' at the end, 8. Additional Events of Default. Bo~ower will bo in deCault under the Note a~d tho ~n$~rtttnent: (;0 If any strtlctur¢ on file Ptopo~ shall bc removed, demolished, or aubstmltlal[y alterS; (b) lc Bon'ower fail~ to comply with any requirement of federal, state or local governmental aathorld~ Oho Lender, however, may comply and add thc expense to the principal balance Borrower ow~ m LendeO; or (e) ifBo~ow~r gr~ts or pmnit~ any llcm on th~ Prol>eay olhcr than Lendoes lien, or llem for taxes and aasussmonts that sro not yet due ~d payable. 9. Noti,~ ofDefaalL lfrequired by Applicable Law. ~fore using a remedy, Lm~der Will send Rea'ewer any uotlce r~quh'ed by law. and wait for any cure pm'iod lhat the law may require for ~at remedy. 10. Addllionai Rightq or,oder in Ewnt of For~,lo~ure and Sale. In addition to those rights granted in the Note and 8ocurlty [nstnm~ont, Lender shall have fl~e following rights in the event Lender corem,aces pr~eediugs for {ho fbreclo~ur~ and ,ale of tim Propeay. (a) At l,ender'~ option, to ~o ~tent pemfitmd by law, I,ender may elect to traat tho Manufactured Home as pet$onal property ("Personal Propeay Collateral"). Lender may repossess p,acefully fi'om lhe plaoo whom the Personal Property Collateral is lorn[ed wilhout Borrower'$ permission. L¢ndec also may r~ulre Borrower to make the P,rsonal Property Collateral available to Lendor at a place l.aoder de;ihmat,$ that ia reasonably conwniem to Lender and Borrower. At Lender's option, lo II~o extent perilled by law, Lender may detach and remove Personal Collaleral l?om the Property, or Lender may lak~ possession of it and leave it on fl~¢ Properly. Borrower agree~ lo cooperate with I,onder if Lender exercises lhe~e fights. (d) Allet' Lender repoa~sea, Loader may sell Pcmonal Property Collateral m~d apply ~, sale to l,ender's r,a~onahlo repossession, repair, storag,, and sale expenses, and th~n towed any other amounts Bon~wcr owes under tile l,oan DoculllelltS (o) la tho ovenl tffany foreclosure sale, whetllor made by Trustee, or under judgma~t ora eourh all of the t~al :md Peruo aal Proper~ Collateral may, at the option of Leader, be Sold as a whole or in parc¢l~. It shall not be nceessaff to have present at thc pi;ice of such sale the Person al Propeay or any pm Ihereo[ I.euder, as well as Trnst~ on Lender's behal~ .shall haw all the rigllt$, remedies. and recourse wM~ resp~t to tho Penonal Propo~ afford;~d [o a "Secured Pa~" by Applicable Law {n addition to, m~d not in limitation of, the other right; and recourse afforded Leader an~or 3~slee tllldcr tho Security Instrument. I'a_ee 2 Rev 05125/04 0CT-07-2004 THU 03:42 PH FftX NO, 333 P. 15 ,.Ocll 10 th~ terms ~nd co)t/ennnIs comgjned in tht~s q,,~ag~ e ne" ~ij~p s o n ~/o l'g°l~ Simpson I. the m~dm'slgned Nolary Publie, in and for th~ aforesaM State and CounD,' do hereby certify that. rghomas Alva Kl~Indt, Amy Lyn Kl±ndt,Ka~lene Stmpson, analog_an S'impson Bom~wcr(s), pe~oa~l'l~'~ppearad before me in said County and ackqowledacd the ~¥Jthin inslrument lo be their act anddeed. Oiwn under my hand a, ds~althls 7th _dayof Octob"~r, 2006' State 0f Wyoming Oounty of' L±ncoln My commission =xpires: ': Drdfl~d 13y:Ki,r~b_.erlv Butt~,__ Rev 05t2~/04 EXHIBIT "A" , k' -0012 The land referred to in this commitment is situated in the State o1' Wyoming, County of Lincoln, and is described as follows: Part of Section 19, T31N RllSW of the 6th P.M., Lincoln County, Wyoming, being more particularly described as follows: BEGINNING at the Northwest corner of said SecTion 19 and running the~nce N 89°46,49- E, a distance of 148.80 ieee to the POINT OF BEGINNING; thence N 89046'49'' E, a distance of 150.2 feet; thence S 00000,00" E, a distance of 290.00 feet; thence S 89046,49', W, 150.2 feet; thenceBEG INNING.N 00o00,00,, ~, a distance of 290.00 feet to the POINT OF LEES AND EXCEPT any land contained in WarranTy Deed recorded October 1995 in Book 374PR on page 455 of the Clerk. records of the Lincoln County 1/9!