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905258
0741 Remm To: b;ashi ngton Mutual Bank. FA C/0 /kCS Image Solutions 12691 Pala Drive. Mailstop 156DPCA ~arden Grove. gA 92841 Prct~ezi By: Marisa A r~allian 3050 Highland Pkwy Downers Grove. IL 60515 RECEIVED 12/14/2004 at4:lO PM RECEIVIH<.] # 905258 BOOK: 5-/4 PAGE: 741 JE .'~,I INE WAGNER LINCOLN C©ur I r,~ CLERK, KEMMERER. ~ Above This 1LineFor Rrt ,.ding Data] ORTGAG E DEFINITIONS Wards ,,u~xt in m,,ltiple uen~innu of thig domrrnent are deli~ ~,d helow and otl~r words are de~Sneat in Sections 3. 11, 13.18, 20 and 21. CeI~aln niles ~egarding d,~. ,~;~g~ of words usexl in lkis domwnent are also provk[~ in Se~minn 16. (A) '~a~--ri~ Tn~ammmnt" meang ~hi~ ct~, ~ ~s dalc,l together with all Rider8 xo ~ domxmemt. (B) "~m~ow~"h Russell M Bacon and Darcie ,) Bacon December 13, 2004 husband and wife (C) "Lender" h Washington Mutual Bank. FA Lender is a Bank arguni~at and e~iurin?, nnderlh~lllw$ of the United Sl.,,I es of America WYDMING-Singl- F. amily-F&nnia MaafFreddie Mac UNIFORM INSTR ,, M ENT Page 1 df 15 VMP MORTGAGE FORM 0047441217 Form :3051 1101 (-;('0742 J_~ader'S address is 9451 £orbin Ave.. Northridge. CA 91324 Lender is Ibe mortgagee under thi,q Secllrity IIlSlanrment. (D) "Note" means lbe promi.q.~ory note signnd by Bor_cower and dated December 13, 20134 ~ Note states that Borrower owes l_~r Ninety Fi ve T t to u s a nd Two Hundred and OD/lO0 .................................................................... Dnllars (U.S. $ 95.208. DO ) pins interest. Bo_r~ov~f has l~mmised to pay this d~bt in regular ]Pm-iodic tPay'rnent~ and Io ]pay ~ debt in full not later than Janu ary I, 2035 (E) "Property" mean~ tbe propm'ty that is descldbed beJow under the heading "Trans~ of Ri%h~ in Propm'ty." (1~ "Loan" mean~ lira debt evidenced by ~ Nol~, pins interc~l, any prepaymen~ charges and Late charg~ dn~ under ~ Note, and ~ smn.~ due nnder ~ Security Instrulncnt, plus interest. (G) "Riders" ~ all Riders to ~ Security In~t thai arc executed by Borrower. The follo~4ng Biders are to be execut~ by tkn~ower [check box as ~pplicabM; ~ Adjnsta~ Ram ~id~ ]---q Candomini,,m Rider [] Second Home Rider [--q BalloonRider [---1 Planned Unit I)~velolament Rider [] 1-4 Family Ridex 1--1 va i---1 aiw ay Vay, ., mar [] Other(s) {]1) "Al~plieahle I.aw" me. an~ ~ colltrolling applicable fcdcr;d, state ~d lo~ ~, i~nlatiang, ~~ and ~Ve ~ and ~S (~t ~Ve ~c ell'cci of law) ~ w~ ~ ~ ~~ final, ~n-~pe~lah~ j~ ~. ~) "Cammlmi~ l~dati~ D~ ~ ~ A~emonts" means all dues, ~, ~ and charges that ~e i~ ~ ~OW~ or ~ ~op~ b) a condo~ ~o~, hnmoo~s ~ociati~ ~ aimil~ or~. (~ "~anle ~ ~" mans ~y mn~f~ of funds, other ~ a ~an~agfinn ofiginatoA by ~, dra~, or ~imilar ~ ~, ~ ~ initiated through ~ el~o~ ~, ~~t, ~, or ma~e~ ~e so ~ Io ~, ~c'l, t~r author~e a financial ~ti~jfi~ to or ~t ~ ~. S~ ~ includeS, b~ ~ ~t limited t~,, point-of-sMe ~s, ~nmatoA ~ ~O~, ~an~s ~ by ~hone, wire transfers, ~ ~nmatoA ~S. ~) "~~ ~o~" m ~y m~n~ati~, settlement, awed of ~m, or by ~y ~d ~ (o~ ~ insurance pro~ paid under thc coverages ~ N ~tion 5) for: 0) damage tO, or ~fi~ of, ~ ~o~; (fi) ~ndmnation or other taking of~ or ~y ~op~; (ffi) ~vey~ ~ ~n of ~ndmati~; or 0v) misrcpresentafio~ of, or mia~ion~ value and/or ~ of ~ ~0~. ~ "~e In~" ~n~ ~m pro~ ~dcr against the n~~ of, or dManlt ~ I nan. ~ '~o~ ~a~ont" m ~ x~nlady ~eh~nloA mount due for (i) p~ipM and intermt Nora, p~ (h)~y m ~md~ S~fi~ 3 of~ ~ty In~.t rument. (O) '~A" ~ ~ ~ ~ Senl~t ~o~es A~t (12 U.S.C. S~fi~ 2~1 et i~nlmenfi~g I~flati~, ~gnlafinn X (24 C.F~. P~ 350Hk as they ~ght be am~doA ~ li~ Io Time, ~ ~y ~ ~ ~no~ssor legi~latlnn ~ Iegulatio~ that governs ~e ~ame m~hj~t manet. ~ n~A ~ ;hi~ ~ ~m~I, '~PA" rM~s m ~ x~ments and restrictiom that ~e i~ ~ xe~d Io a "~y ielatoA ~gage Joan" ev~ ff ~ I~an does ltOl quali~ ~ a "f~y 1~" ~ RE~PA. 0743 (P) "$,,et~*m' in Interest of Borrower" means any party II~ctl has taken title to lhe Property, wheltmr or :not that party has am~mext Borrower's obligations ander ihe N~,tc and/or this Security Insmmaent. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instmmera se:ares lo Lender: (i) the repayment ,}l dte Loan, and all renewals, extensions and lllodifieatiolls of the Note; and (ii) Ihe t~%rmanm'~ of Borr~,xxcr's covenants and agr~..lll~lls ~mder IhiS Secalrity Instrmnent and ~ Note. For thi.q purpose, Barrowcr d{,cs hereby mortgage, gram and convey Lender and lender'S SUC_~'~-~orS and assigns, wifll power of s:tlc, the following desm-ibed property located in ~ County of Li ncol n [Typ~ of l~din~ Jurisdiction] [ N amc of R:co~ding Judsdiclion] JOt 24 Of Block 4 Of Lincoln Heights Third Subdivision to the City of Kemmerer. Lincoln County. Wyoming as described on the official plat thereof. Parcel ID N~mber: 1332 Uinta Dri ye ("Property ~Address"): Kemmerer i~',,yl which cma'ently has the addreSS of IStro~tl , Wyoming 831131 [Zip TOGETt-IER WITH all the irnp. roveme, nt, now or l~crcafter erected on Ibe property, and all eas~menls, at~purtenanr~-s, and fixtures llow or hereafter a t~,trt of the property. All replar~xumt~ and additions shall also be covered by lids Security In.q2ument. All of the foregoing is referred to in this Security instnnnent as ~be 'Property. BORROWER COVENANTS that _Borrower is inw/ully ~,ci~ed of the estate hereby mnveyed and has Ihe fight lo lllortgage, graliI and cxmvey the Property and thzd tile Property is unencumbered, except for encumbrances of record. Borrower warrant.q and will defend ~cncrally the title to ~ Property against .all claims and demands, subject to any encmnhrances of xecord. THLq SECURITY INSTRUMENT cnmhine.q uniform ~'{~vcnants for natinnal llSe and nnn4mifnrm covenants with limite3 variatkms by juri~qcllction lo comtitult. .~ uniform security instalment covering l'e.,al propea-ty. UNIFORM COVENANTS. Borrower and 1 ~*nder coven:tnt and agree as follows: 1. Payment of ttorrowea' .qhall pay wheal due I1~ prilldpal of, and interest t~t~, the debt evidenp~d by the Note and ally prepayme~ charges and late charges due undm' ~ NOte. Bori',~wer shall also pay fimdq :for F.~erow IteSllS pursuaat to Seclion 3. Payment, due ~mder Ibe Note and th~:. Security Inshmmemt ~hall be mad, in U.S. mlrl'ealcy. However, if ~ally check or olher imm~ment Ieceived [,y Lender as payment nnder Ih~ Note or this 1 ..~ DD47441717 t~)~-6(WY) ~ooo~} Pagea of ~s c--"~q ('~ Form 3051 1101 02905;85S £ 51t~7,tll'ity lrlsl:rlllIlgat is l'e1~ to ~ nn?aid, J.~ Ilia) require that ~y or ~ s~umt ~ ~ ~ No~ and thi, ~ ~ment ~ made m eno or more of ~ f~o~ sele~ by ~: (al each; ~) ~y ~; (el ~ificd check, b~ ~, ~e~nr~'s ca~hi~'s ~, ~OV~ ~y m~ch ~ ~ ~ ~ ~ restitution whose ~poM~ ~e ~ by a f~ ~y, ~~~, or ~; or (d) [le~onic Fundh Tr~sfer. Pa~ ~e d~A r~v~ by Iender when r~ived itt the location ~s~areA ~ s~ o~ 1~ ~ ~y be ~ by I enact ~ ~ordaacc with the nofi~ provi~inna ~ ~y remm ~y pa~ or p~ ~t ff ~ pay~,cm or p~iM pa~t~ me inm;fficient to b~ ~ ~ ~. ~ ~y ~pt ~y ~t or part,al payment ~~ to bring c~, ~thant w~vg of my fighta ~re;maer ~ prej~e ~, ~t~ rights to rede ~ ~ or ~t~ ~ ~ ~m;re, bm l~a~ ~ ~t ohligatoA to ~ply ~t~d~ payments at ~e fi~ s~ ac~. ff o~eh P~o~ Pa~t ~ ~p~ m of iH sclk-dulcd due date, ~ ~ ~ mt ~y ~est ~ nn~n~ ~. ~~y ho~ s~ un~n~ed l'kll ~c]~ until Bo~ower makes pa~t to bring ~ ~nan ~. ffB~o~r d~ mt do so within a r~on;~l,tc period of time, ~ ~hall eith~ ~y ~ fimfl~ or r~ ~ to Bo~o~. finer ~ ~Her. ~t~ch ~nds will be ~ m ~ o~tanding p~ balan~ ~ ~ No~ i~oAiatMy ~r to foreclosure. No offset or claim ~ ~t ~ve ~w or ~ ~ tim;re ~ain~t ~ ~ r~ve l~,rrower from ma~ pa~ent~ ~ Nora aha ~ S~W ln~nt or ~ing ~ ~venanty; and agreementg ~ by thi~ 2. ~plieati~ of Pa~ont~ or ~o~, Exit as t~d;crwise descri~ ~ ~ ~ ~p~ ~d ~p~ by ~ ~hall ~ ~ in t~tc following or&r of pfi~: (al ~t ~ ~mder ~ No~; ~) ~ipal ~ unaer ~ Nora; (el mnt, unts due ~aer S~tion 3. S~ pa~ ~hall be ~ m ~ P~o~ Pa~r ~ ~ ~ ~ whid~ il bec~ d~. ~y r~ ammmt~ ~hall be ~plieA ~st Io late ehargm, ~ lo ~y O~ ~Okllql> due under ~ S~ ~~, and ~ to teAn~ ~p~ halan~ of ~ No~. ~ ~ t~v~ a ~r ~om ~o~ fey a delinquent Periodic Pa~enr ~ inclnde~ a ~u~ci~t ~ m pay ~y ~ charge ~, ~ pa~ent man he applied to ~ ~~ ~t ~ late charge, ff~re than ~ ~O~ Pa~t ~ onr~tandi~ ~;, kcnaer my ~ply ~y pa~ r~v~ ff~ B~o~ to ~ repa~ of ~ ~ Pa~t~ if, u,,~ ~o the extent ~, each ~ent ~ be ~ ~ ~. To ~ ext~t ~ ~y ~ exi~ra ~r ~ paymc, nt is applied to ~ ~ ~nt of more P~o~ Pa~, s~ ~s ~y be ~ to ~y late charges due. Volunta~ pr~a~t~ ~ ~ ~st to ~y pr~a~ eharg~ ~ ~ ~ ~cribcd in the Note. ~y ~plicatinn of pa~, ~ proc~, or Miy. ccqlaneous Pro~ to pfincipM ~ ~o~ ghall ~t ~ et pO~ ~ ~ date, or change th~' amount, 0f ~ P~o~c Pa~t~. 3. Fnna~ f~ ~ow ~m~. Bo=o~ ~hall ~y tO kclMcr on the day P~offic Pa~ent~ ~ ~ No~, nntil ~ No~ ~ p~ ~ ~, a ~ (~ 'Fmkh,", to provide for pa~ of~ for: (al ~ and ~e~nt~ ~ nther i~ ~ ~ retain priority over ~ Seeufi~ Instalment ~ or ~~ ~ ~ ~o~y; ~) leasehold paints ,,, ground rents on ~ ~op~, ff~y; premium~ for ~y aha ~ ~ req~M by ~ under Section 5; and (d) Mon~e premiums, ff ~y, or ~y a;~ pay~le by B~ow~ ~o k~.,Jc~ in lieu of ~ pa~ of ~urance ~eminm~ m ~flan~ ~ ~ prov~ of 5cctivn 10. These i~a ~e ~ "~ow ~a." At o~~ or ~ ~y time during ~ ~ of ~e l.t~an, Lender ~y r~e ~ ~mmnniw ~ociati~ D~, ~, and ~a~ta, ff ~y, be ~crox~ ~d by Bo=ewer, and ~ drieS, f~ and ~~ ghall b~ ~ E~ow ~. Bo~ow~ ~hall pr~pd) ~urnish to LeM~ fll ~ of~nnr~ be ~ ~r ~ig ~fi~. ~o~ ~ ~y lender ~ Fund~ for Escrow I~ ~ ~ w~v~ ~o~'s o~ to pay ~ ~nndg for ~y or ~ Esc'~,~ Ite~. L~r ~y w~ve Bo=o~'s ob~ to pay to ~ Fnna~ for ~y or ~ ~ow Item,; :t~ any time. ~y ~ w~v~ ~y ~y be ~ ~6~. ~ ~ ev~ of ~ w~vg, Bo=ow~ ~ pay directly, when ~ w~e pay~le, 1)!:)47441 217 Fm'm 3051 1101 0745 due for any Escrow hems for which payliiealt of Fnnds has becel waived by Leader and, ff~ ~hall ~ Io l ~der r~ evldeneing ~ pa~ withi~ such time period m ~r ~y r~e. ~o~'s ob~gafi~ Io make ~ pa~t~ ~ Io ]provide rcceipts s~l for ~ p~mm be d~me~ ~ a ~v~ a~ ~~t cnntaino~ ~ ~ S~ ~trUmunt, as the p~e "~v~ant and ~t" ~ m~ ~ ~ 9. ~ B~ow~ h o~g~te~ io pay ~croxx hems directly, p~ to a w~v~, and Bo~o~ ~ m pay ~ amn~ ~ for ~ ~ow I~, LcHdcr may exemise ~ fights und~ S~ and pay ~ amn~ ~ Bo~o~r ~hall ~ ~ o~d ~ndcr Section 9 to repay to ~ ~y omni. l~der ~y rev~ ~ w~ver m to ~y or ~1 Escrow Items at ~y time by a ~ giv~ ~rdanee w~ S~fi~ 15 and, ~on s~ revo~on, Borr(~wer shall pay [o ~ ~ Fund% and ~unh amount% ~ ~e the~ ~eq~ nn~r this S~tinn 3. ~ ~y, m ~y fi~, ~i and hold Flmds ~ ~ ammmt (a) suffici~t ~o p~it l~nd~ lo ~ply ~ Funds ~ ~ fi~ ~ifi~ ~md~ ~PA, and ~) not t~, exceed the ~xim~ ~ a ~ x~e nnd~ RESPA. ~r ~hall estimate ~ aren.t of ['tmds due on ~e ~ of ~ data and x~onahle ~timams of ~~ of 5~m ~OW Imms or othe~ise ~ ~or~ ~ App~ ~w. ~ F.nds ~ be ~ ~ ~ ~mtian w~se dCl~osils are ~ by a foJeral ~y, ~~~, or ~ti~ (~~, ~~ in~limtion whose ~p~ ~e so ~) or~ ~y FoJeral Hame ~ ~. l .ender shall ~ply ~ F.nd s t*) p'.l y the Escrow I~ ~ lm~ than ~ nn~ RESPA. ~ ~hall ~t charge Bo~ower fi~r holding ~d apply~ ~ Fund% ann.ally analy~ng ~ ~ow ~, or v~ ~ E~ow I~s, unless Lender pays Bo~o~r interest ~mds ~d App~le ~w p~ ~ m ~ such a cha~ it. Uidess ~ ~r~t ~ made ~ or App~ ~w req~m ~ml lo be paid ~ ~ F~s, 1 .cnder sh~l not be ~ Io ~y B~o~ ~y ~t or ~s ~ ~ F~mds, Bo~o~ and lender c:m agree in ~g, ho~v~, ~t ~hall be p~ ~ ~ Funds, ~ shall give Io Bo~ower, x~ ithout ch~ge, ~ ~ ~~ of Fnnd~ m r~ by R~RPA. ~ ~e ~ a ~lns of ~mds ~ ~ ~ow, ~ defined under ~SPA, ~ shall ~ to Bo~o~ for ~ ~ fimd~ ~ ~rdan~ ~ REiPA. If there is a sho~ge of Fnnds ~d ~ ~ow, m ~ ~~A, lend~ shall ~ B~ow~ ~ requi~cd by RESPA, and B~ow~ shall pay lender ~ amn~t po~a~ I0 make np ~ sha~e ~ ~cordance with RESPA, but ~ no more than ~nthly pa~. ~ ~e ~ a ~y of F~md~ ~d ~ es c ro w, as def~ nnder RESPA, Iender ~fi~ Bo~o~r ~ req~ by ~PA, and Bo~o~r shall l):iy to Lender ~e ~ ~essa~ lo make np ~ ~fieiency ~ mr~e w~ RERPA, but ~ ~ rare ti ~:tn 12 montMy paints. Upon pa~ ~ ~ of~ s.m~ ~ by ~ Security Instrument, ~r shall pro.fly Iefimd ~ B~ow~ ~y F~mds ~d by Iender. 4. Cha~; ~. B~o~r shall ~y ~ taxes, ass(~ssments, c~g~, ~, and a~bntable m ~ ~o~ w~ ~ anain ~fi~ over Ihi~; Security I~tm, loa~ehn~ pa~ents or ~o.nd ~ents ~ ~ ~O~, ff~y, ~ Cammuni~ ~sociat i~m Dues, Fees, ~ Asmsmentl, ff~y. To ~ ~ Ihat ~e ~ ~e ~ow I~s, B~o~ shall p:t} H~em in the mann~ provldoa ~ ~ 3. ~o~ shall pr~fly ~ge ~y ~ w~ ~s lwiurity over ~ S~ Instalment units B~o~: ¢) ~ ~ ~fi~ m ~ pa~ of ~ obhgati~.~ secured by ~e hm ~ a mann~ to ~. bm ~y so 1~ m ~ow~ ~ ~omlng ~h :tlrccment; (b) con~sB ~ ~ ~ good faith by, or ~ds ~ainst ~ment of ~ h~ ~, ~ proceedings which ~ ~'s ~ini~ op~ prev~ ~ ~m~t of ~ ~ while ~ prongs :trc pending, but ~y until s~ pro~ings ~e ~nelndod; or (c) ~ ~ ~ h~ of~ lien ~ agreement satisf~to~ to l~der ~ordinati~ ~ li~ Io thll S~ ~~. If l~d~r ~ine~ ~al ;my part of ~e ~op~ ~ s~j~t to a ~ich nan analn ~ofi~ ov~ ~ S~ ~~, ~ndcr re'ay give Bo~ow~ a ~ id~ti~ 1 initial~:~ 0047441217 lien. Within 10 flays of Ihe dam on which that notice is given, l;,~rrower shall satisfy tbe ~ or lake one or more of fl~e actions set forth above in this Section 4. lender may reatnire Borrower to pay a one-time char~? for a real estate lax verificatinn and/or reporting service ,sea by Lender in ennne~fion with Ihis Loan. ~. l~otmrty Insurance. Borrower ~hall keep It~ imprt)vc~ncnts now existing or hereafter m'ected on ~ Property insured again.~t loss by fire, hazards inc. Jll~d xvilhin the term "extended coverage," and any other hayards ~, but not limited lo, e. al~uakes and fh,(~ds, for which Leanler rea:lnires insurance. This insuran~ .~hall be maintainvA in tile itnlount.~ (including deductible levels) and for the periods that I~nder reatnires. What l~nfler recluires pursuant to the preceding sentences can change timing Ihe mnn of the Loan. The in.~uranee carrier providing the insurance shall t~c chosen by Borrower subject lo l~nder's right to disapprove Borrower's choice, which right .~hall ~i~,t be exercised noreasnnahly. Lmafler may rea:lUke Bon-ower to pay, in cnnnecfion with thi.~ Loan, e~tncr: (a) a one-time charge for flood determination, cerfifica~on and Iracldng Services; or (b) a one time charge for flood ~.one deaerminafion and l~a'fification services and SUbSequent charges e. ach time ~cn~appings or similar changes OCCur reasonably might a_ff_ea~t_ SUe.& determination or Certification. lt,~rrower shall also be respon.~ible for the payment of any fees imposed by the Federal t~.metgen~y M,tnagement Agency in cnnne~fion with the ~eview of any flood zone dett:nninafion re.~nlting from an objccq i~n by Borrower. If Borrower fails lo maintain any of the coverages described above, Lender may obzain insurance coverage, at Lcnd~'s option and Borrower's cxlmnse. Lendc~ ~s under no obligation lo purchase any particular type or amount of coverage. Therefore, such covcn~,_,e shall cover Lender, but might or might not protect Borrower, Borrower's ~lnity in the Property, or thc contents of the Property, against any risk, ha?zrd or liahility and might provide greater or lesser gover',t~e than was previously in effect. Borrower acknowl~,Ages that the cost of fide insurance coverage so obt,incd might significantly e~c~A the cost of insurance that Borrower could have obtained. Any amonms d i :.l/u rsed by Lender antler thi~ Section 5 .~hal beayalnm addifinnal debt of Borrower secured by this Security ln..;trument. These amo~mt.~ ghall bear interest ~ the Note xate fram the date of disbursemeaxt and ~hall be l~ayat)le, with such inter~st, upon notice fram 1 ~mder lO Borrower reatue~ting payment. All inmrranee ~ rextnire, d by Lender and renewals ~,~ such policies .~hall be subject to right to disapprove such policies, shall include a standard ~n~,ngage clause, and .~hall name Lgnder as mortgagee and/or as an additinnal lOSS payee. Len~r ghall h'.;\ z the right to hold the policies and cea-Iific~qtee. If l ~mder reatuires, Borrower ~hall promptly give t,, Lender all receipts of paid preaninms and renewal noti~, ffBorrower obtains any form ofinmrrance ct~ crage, not otherwise reatuked by ~, for damage to, or desl:m~on of, the Propm-ty, such policy sh:dl include a standard mortgage clan~ and ~hall name l ~.nder aS mortgagee and/or aS an addidnnal lOSS In the event of loss, Borrower .~hall give prompt notice t,- the insurance cav4er anti Lea:idex. Lea:u;ler may make laroof of loss if llot Triads promptly by Borrower. I hdcss Lender and Borrower orbed-wise in writing, any insurance proceeds, whether or not the nnderl3 lng insurance was requircxt by lmndex, ~hall be applied to restoration or repair of the Property, ff the rest,~t ,dion or repair is ecnnnmically feasible and Lean:let's security is not lm~en,~8. During such repair and rest, ,:tt ion period, Lender ~hall have ~ righi to Jaold slm]l insurance, pro__~ nntil l~nder ]:mS had an opportunity to inspect such Property lo ensure work hag be~m cnmpleteA lo l~mder's .~mi.~facfion, provided that such inspectinn .~hall be undertaken prnmptly. Leau~ may disbUrSe proceeAs for the r~airs and rcs, rotation in a ~ingle payment or in a seri~ of progress payment~ as the work is complet~ Unle~ an agreement is made in writing or Applicable Law fez:lakes intermt to be paid on such insurance pr _~ds, Lendc~ .~hall not be reqnirext to pay Borrower any interest or e~nxings on such proc~ds. Fees for public actjt~sters, or other third pm'ti~, retaineA by _Borrower ~hall not be paid out of the inslman~ proceeds and ~h',tll be the sole ohligatian of Borrower. if tim restoration or repair is not ecnnnmically fe_a~ible or Lendc~ 's security would be lessenexl, fl~e inm~ranee pro~'~As .~hall be ~lled lo IJae ium.~ s~c~ured by ~ Secnrit3 Instrument, whether or not than dna, with {~)~6{WY) 4ooo5) Page e of ~5 Form 3{2)51 1/{2)1 0:905;85S 0747 the excess, ffany, paid to Borrower. Such insurance proceeds, %h',dl be applied in the order provkled for in Section 2. If BorrOWer ahandolls I.~ Property, ~r may file, ~-~otiate and settle any available insuratl~ claim and related matterS. If Borrower does not respond within 30 days to a notice fram Lender that the im~rrance e_.arrier has offered Io settle a claim~ limn l~nder ma.~ negotiate and settle Ibe claim. The 30-day txu-iod will begin when Ihe notice is given. In either evenl, o~ if Lender acquires Ihe Property nnder Sel:tioI1 99 or ethiC, ]~trrower hereby asaigns to Lender ia) Borrower's rights m any insurance proceeds in an amotlnt not Io e, xl2eel] It~ anlollnts nnpaid tinder the Note or this Seem'its, lmstmmenI, and (b) any other of Borrower's xS,t, htq (other than the right to ;tm refund of unearned preminmg paid by Borrower) tinder all insllranc~- policies covering Ihe Ploperty, insofar as such rights are applicable xo coverage of the Property. ~ may use the insurance proceeds either to repair or restore Ihe Property or to pay amnnnt~ lltlpaid under Ih~ Note or thi~ Se. clarity Instrulncnl. whether or not then due. 6. Oe. mipaney, Borrower .qhall occupy, establish, and t~Nc the Property as Borrower's larin~pal re~qifleame within 60 days afler Ibe execution of Ibis Security Instrument and ~hall tmnlinne Io occupy Ihe Property as Borrower's principal residence for at least one ye., after the date of occupancy, l.lnless Lender otherwise agrees in writing, which con~ent .qhall col be unrc.:tsonably withheld, or lmless e,xmnuating circnmgmnnes exi.~t which are beyond Borrower's control. 7. 1~~o11~ _Maln~vnanv~ and .Pl'oI_o~t_ ~oll of thc Property; Inspections. Borrower ghall not destroy, damage or impair lira Property, allow I:he Propcrt5 to deteriorate or commit wasI~ on Propea'ty. Whether or not Borrower is re.~iding in lira Propcrt2,, Borrower shall maintain Ihe Property in order to prevent Ihe Property from deteriorating or deaxe, asim m value due to ils cnndition. Unless it is deltxrn~ put.quant lo Se.~kion 5 ltlat igllair or restoration i, ut, economically feasible, Borrower ahall promptly repair Ihe Property if damaged lO avoid f:urthe~ deterioration or damage. If insm:arme or condemnafian pro__ceeOs are paid in connection wilh damage tt~ or the taking of, th~ Property, Borrower .qhall De responsible for re'pairing or restoring the Property om3 il' Lender has released procamds for .~nch pm'poses. Lender may disburse proceeds for lhe zepairs and rc~Ioration in a single payment or in a series of progress paymems as ~he work is completed, ff the insurancc or condenmation pro_cee_As are not sufficient IO repair or ~:esmre Ihe Property, Borrower is not relieved oi Borrower's obligation for Ibc cnrnplefion of tach ~epair or restoration. Lender or its agent may make reasonable entries npol ;tnd inspections of the Property. If it ha~ Ieasonahle eanae, 1 ~nder may inspect the interior of the irnpl't~x clnents on the Property. Lender .~hall give BQrrower notice at Ihe time of or prior to .qnch an interior inst)c~'t ion specifying such Ieasnnahle nan,qe. 8. tlorrow~r's I.~an Apl:~on. Borrower .qhall bc lit default if, dining the lnan applicatinn process, Borrower or any persrms or entities acting at thc. du'ection of Borrower or with Borrower's knnwleAge or consent gave mamrially false, mi.qleading, or ln.tcCUl'ate inforlnation or statement~ I0 I.ancler (or failed to provide Lmuter with material information) in connection with the Loan. Material Ic~presentations include, Dui are not limitexl Ix), retYresentatio~s concerning Borrower's oc~_rpancy of the Property as Barrower's tarincipal ~. ~}..PI'o~_~N'~'_ Jell of l,~ntler'~q hltel'~st ill 1~ _Prol:~.l'ty and Rights Under thi~ filvenrity hlstl~ment. If (a) Borrower fail~ to t~orm ~ covenant.q and agreements cont[tined in this Security Insl:D~ment, (b) is a legal pro _r'g~Aing that might Mgnific.~tnfly affect .Lender's interest in the Property and/or lights nnder thin ~eenrity InstnnnenI (sucJa as a pror'~aing in hanlcmptcy, probate, for condemnation or forfein~e, for enforcemenI of a lien which may attain priority over Ihis Security Instrument or Io enforce laws or Iegtllatians), or (c) _Borrower hag abandongrl ~ Property, then Lender may do and pay for whatever is ~:easnnahle or appropriate to protect Lender's interest in thc Property and righta raider this Instrnment, including prote~ting and/or a~m~ing the va/ne of thc Property, and securing and/or ~'epairing l:be Property. Lender'.q actions can include, but are not limitccl to: (a) paying any mma~ sec.~ttred by a lien which has priolity over thi~ Stw.,nrity iI:lStDnnent; (b) appc:tring in court; and (12) paying reasonable O748 attorneys' fees to protect its interest in the Property and/or right:, under this Security Instmme~, inclnding its secured position in a bankruptcy pro_t3,~llng. Seeming thc Property includes, but is not limiteA to, entering Ihe Propea-ty to make repairs, change locks, replace or board up doors and windows, drain water :from pipes, eliminate building or other code violafians or dan~c~tms conditions, and have lltilities turned oi1 or off. Althrmgh Lender may take action nnder thi.q Section t). Lender does not have to do so and is not lmder any duty or obligation to rlo so. It is agreed that Lender recurs no liability for not taking any or all actions anthnri~.A ~ this ~ 9. ~tly arrmLmt~ diSbllrSt~l by Lender reader thi.q St~:tioi1 9 shall become 8cld[tinnal debt of Borrower secured by thi.q Sec.&lrity IllSllatment. These amnnnt~ ~hall be',tr i~lcrest at the Note rate :from the date of llisbursement and .qhall be t:~yahle, with ~ in!crest, llpon ll(,lice from Lender Io Borrower iequesting If Ibis Security irmtmment is an a leasetmld, Borrower :,h;tll comply with all the provisions of the lea~e, ffBorrower acquires fee title to the Property, the le. ascltt~ltl and the fee tide .qhall not merge unless l.eaxter agrees to the merger in writing. 10. Mortgage Iaquranee. If I...nder required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premi~tm~ required to maintain ~ Mort~,, 't..'e Insurance in effect. If, for any reason, Ihe Mortgage Insurance coverage required by Lea~er ceases t(, 1,c available from the mortgage insurer !hill previously provJdeO such insurance and Borrower was requirt,d tt~ make separately designateA paymemq toward Ihe pr~ni~rm~ £or Mortg~e insurance, Borrower shall pay the premlltrng required to obtain coverage substantially equivall~llI to the Mortgage !asurance previously in effect, at a cost substantially equivalent to the cost to Borrower of Ihe Mortgage Insurm~cc previously in effect, :from an alternate mortgage insurer selected by Lender. If .qubstantially equix ,Icnt Mortgage Insura.ee coverage is not availahle, Borrower .~hali confinlle to pay to J2alder the amount of the separately de.qignateA tla~ that were tine ,4vhem Ih~ in.qnranr~e coverage e~.a~¢~l to be in effect, kcnder will accept, use anti ~re~ain these paym~nt~ as a nnn-refimdahle loss reserve in lieu of Mortg,:tgc Insurance. Such loss reserve .qhall be nnn-refundable, nntwlth~tanrling the fact that Ihe ixlaI1 is nltimalcly paid in full, and Lender .~hall zzot be required to pay Borrower any interest or .~lrnings on such los~ ~ c.~erve. Lender can no lnnger require loss ~eserve payments ff Mortgage Imuran~e coverage (in the amoum and for the period that Lender xequires) provided by an insurer se!e_r~xl by Lender again becon~.s available, is obtained, and 12a~ler ~equires separately rle~ignatext payrn~nt~ toward the preminm.q for Mort~;~c Insurance. If I~.nfler Iequired Mortgage insurance as a cnnrlifion of making the J_z:mn and Borrower w;ts required to make .separately desigllated payrn~t~ toward flee pr~ni.rns for Mortgage insuran~, Borrt,wer shall pay the premjum~ required to maintain MQrtgage illsurance in effeCt, or to provide a n~)n-refundable loss ~cserve, ~mtil xequirement for Mortgage !~surant~ ends in accordance with any written agreement between Borrower and Lender taroviding for such terminatian or until Iermination is ~ cquircd by Applicable Law. NOthing in Ibis Section 10 ~ Borrower's obligation to pay interest at ihe rate provided in the Note. Mm-tgage Insurance Ielmhurses Lealder (or any ~ntity tli;~ purchases the Note) for l:mliain loses it may incur ff Bozxower does 'not xepay lhe Loan as agreed. }k~rrower is not a parry to Ihe Mortg~e Insurance. Mortgage i.surers evaluate their total ri.qk oi1 all ~ insurance in force from time Ix) time, and may gllter into ~tgr_~rnwnt.q ~ olher ]larties thai .qhare or Inodify their risk, or reduce losses. These agre~-ment~ are on iJ~ms and ctmrlitiozls Ihat are .qati~factory to It~ mnrtgagc insurer and the Other party (or parties) lo the.qe agreements. These agree~mnts may require Ihe mnrtgagc ii,surer to make payments n.qing any source of funrla that the lll~Itgage illSurer may have available (which m%' include funds obtalnt~'t :from Mortgage Insm premilma~). As a xesu!t of Ibese agre~xn~t~, Lender, any purchaser (d' the Note, another insurer, any ~e~asurer, any olber entity, or any affillam ~fany oflhe foregning, may fcc'tire (directly or indirectly) amnnnt~ that derive :frnm (or might be characteri?~:t as) a portion of Borr~x~cr's payments for Mortgage ln.qnranee, in exchange for .~haring or ~illg ltle lI~e insllrer's ri~k, or reducing losses, if .tach agreement provides that an affiliate of Lender take_q a .qhare of Ihe insurer's risk in exchange for ~ ghare of pr~ paid to Ibc insurer, Ibe arrangement is often termed "Cal~tive reinsuran~." Furlber: (a) Any ~ueh agrw~m~t~ will not Jlttect the amonms ihat Borrower baa agr~.tl to troy for Moxlgage Ins.mne~, Or ~lly Other ~ Of ~.I~sxl. Such ;,greements will not inere~lse Borrower will owe for Mortgage I.~oranee, and they will not cmitle Borrower to any re. fnntl. -~(WY) 1~005l P,age ~ ~f 'ts Form 3051 1101 Co) Any s.rh z4p',~m,~nt~ will not affect the rights B.~'~'ower has - if any - with respecI to the Mortgage Insurance under the ttameowners Prot__,~_Jon Act .f 1998 or any other law. These rights may include ~he right to r__eceJve certain disclosures, to ~'CtlUeS~ and obtain cancellation of the Mortgage Insur~ne% to have the Mortgage Insurznce termim~ted automatically, and/or to re~e__,_'ve refund of any Mortgage Insursnee preminm~ ~hst were um'arned at the time of s-ch enne~llatiOll or 11. fi~a~ioonment of Mi~llan~olls .Proe~ls; ~'orfoiturc. All Miscellaneous Proceexts are hereby au~i~olle41 [0 and ~hall bepaM Io Lea<let. If th~ l~roperty is damage41, anch Mis~Jlaneolls Proceed~ hhall be applied to restoratioIl or repair of ]:he Property, if the restoration or repair is eaoz~lmically fe;~iblc and Lender's security is not I)nrin~ ~ repair and xesloratinn period, Lender ghall have thc ~'~ght to hold sur. h Mjs~Haneous Proceeds llntil .Lellder hag had all opportunity to inspect u~eh Properly ~ ensure the work hau been comp!et_~ lo Lelllier'$ uari~aetiOll, provideA that .guch illsper4.ioI1 ghall be utility'taken promptly, lnnder may pay :for repairs and ~esloratinn in a .~in~le disbursement or in a se~'~c~ of progress payments as the work is completeA. Unless an agre~nent is rnadein wrilillg or Applicz~blc Law requires imerest to be paid oil gneh M_isl~llaneoos Procee41s, Lealdea' ghall not be reqaired to pay Borrower any interest or camps an such Miscellaneous Proceeds. If the restoration or ~epalr is ~ot econo. ~icalty feasible or ~'s serALdty woukl be leugeneA, ~ IVliSeellaneollS ]:h'oeeexls ghall b~ applieA to thc ~ums secured by this Se~-rity Iusmlment, whetber ornot *hen due, with the excess, if any, paki lo Bor~'o~ c~- Such Miscellaneous Proceeds ahall b~ applied in the order provid_e~J :for in Sectinn 2. In the evmlt of a total Iaking, [lesl:mefinn, or loss i~ value of the Property, tile Miscellan~us Procee4~ nhall b~ applied to ~ sllms Se~llrPA1 by thig Securitx h~strument, whether or ~ot then ch~e, wkh the excess, if any, pakl lo Borrower. In the eve_~t of a ~ talcing, destruction, or loss in w, tic of the Property in whicil file ~ market value of the Property ~ly before the partial talcing, destruction, or loss in value is equal to or greater than I]~ amolmt of ~ ~ se~llre41 by thig Securitx li~trument ~y before Iho partial taicinE, destrl.l~tinn, or loss in vnlue, llilless Borrower ancl Lcl~der otherwise agree in writino~, the sumu .seeare4i by thiu Sec4.u-i~ ~t ghall be ~-~ln_~c~l by thc ;tmourlt of the M.L%'ellaneous Procee41s -rn~lriplie4t by lJae :following fraction: (a) the Iotal amoant of the sums secured ~y before the partial ~alcinE, destruction, or loss in va_!o¢ divided by (1~) thc fair market value of the Propma'y immediately before :the pa.w. ial taking, destracfion, or loss in v~tl ~lc. Any balance ~hall be paid :to Borrower. in ~ evm:~t of a partial ~alfing, destruction, or loss in vz~l,~, o f the Property in which the fair market value of the PrOl:mrty ~y before :tbe partial taking, d~_.;truction, or loss in value is less than ~ ama.rtt of lite sums secured immediately before the pm'rial tal.:ing, destruction, or loss in value, unless Borrower and Lender otherwise agree in wrifin~o, the Misc~lh,a~,ot~ Proceeds ~hall be applied :to the secured by thi.~ Security Iustr~rmem whether ornot ~ mm~s arc then due. If ~ Property is aband0nexl by Borrower, or if, aflc~' notice by Lender lo Borrower that the Ol:rpa.~in~o Party (as defined in file next se~lte, nge) offers Io m'.tt~c an award to sellle a claim for rlamaEes, Borrower Yails :to respnnd lo Lender within 30 days after the ch~l~_, th~ notice is given, Iamder is a.th,'~ri~,ed lo ~ and apply the l~us Pro__o~_eds either lo rest,~ration or repair of the Property or to the sums seo~'ed by thi.~ Security Instrurne. nt, whether or not then d~c. "Opposing Party" rnean~ the Ikird party tha~ owes Borrower Miscellaneous Proceeds or the party agai~i whom Borrower ha.~ a fight of action in regard lo 1Vfiscellaueous Proc~,~A s. Borrower .~hall be in default if any .action or pro__t~?ding, whether civil or criminal, is begun ~haL in Le~der's jud~ornem, could result in :forfeiture of the ProperU or other material impairmant of imeres! in the Property or :riEhrn ~mder tiffs Secttrity Iustrumc~'~. Borrower can cure such ~a default and, if ae_r~Aerafion has ocr. Jarred, xein.qate as provldeA in Section 1 ~, by causing the action or prot-~'~Aing lo be di.~mi~aexl with a rnllng ~'haL in I ~uter's jl.td~, precinde~ l'o~'f~iture of the Property or other r,-,aterial impairment of Leader's interest in the Property or rights under Itfis Security Iustr.menL The proc'~A~ of any award or claim :for damages that are attributable lo the imt~airment of Lender's interes! in the Proparty arehereby assigned and ~hall be p_aid lo ~. All l~us Proceeds that are ~ot applied :to restor~ttion or repair of the. Properly .~hall be applied in the order provided for in Section 2. ~1 ,.,,~.,~: ~.~ 0047441217 -E{WY) LOOO:5} Page 9 of lS ~ Form 3051 1101 12. Bm'rower Not Released; Forbearance .By Lender Nm a Waiver. Extension of the time for payment or mndificatioll of amorti?ation of the sums secared b.~ tins Security Instrument ~m'anmcl by Lender to Borrower or any Sucee~ssor in Interest of Borrower shall nol operate to release the liability of BOlIOW~ or any Successors in Interest of.Borrower. 12.nder shall sol bt' ~cquired to commence pror~Aings against any Successor in Inlerest of Borrower or lo refuse to extencl time for payment or otherwise m~dif-y amortiTation of the sums se. em'ed by Ibis Security Instla~menl [)3 ! c~son of any demand marle by the original Borrower or any Suc_~.~qsars in inmrest of Borrower. Any forbc:~rance by Lender in exervfising any right or rerne~ly inetncling, without limitation, l~-ncler's ~.ceptance ol t~yments from third persons, entities or Successors in lnt_~re, st of Borrower or in amonm~ less than the :lm~)unt then due, shall not Ix~ a waiver of or preelncle the exercise of any right or re.m~y. 13. Joint and Several Liability; Co-signers; Snet~ssors anti Assigns Bound. Borrower covenants ancl itgrees that Borrower's obligations and liability shall be joint :md several. However, any Borrower who co-signs this Security Instrument but does not execute the N{~c ~a "co-signer"): (a) is co-si~tming this Secllfity Instrument only lo mortgage, ~m'ant ancl convey the c~, ~gncr's interest in lhe Property nncler the lrerms of this Secllrity Instlalmen?; (b) is not personally obligated t~ pay the slims £eg;LtrP. g] by this Secllrity Insmlmant; ancl (c) agrees that Iencler and any other Borro~cq' can agree to extencl, modify, forbear or make any ~.~o ...... halations with regard to the Iermq of this ~qc~'m'ity Instrument or lhe Note without Ihe P. lY-gi.gll~r ~$ C, OllSffilI. Subject ~o the provisinns of Section 18, any Successt~t in Interest of Borrower who assumes Borrower's obligatiOllS ~mder this Secllrity ins~ in writing. Slid is approved by Leader, shall oblain all of Borrower's I'jghts l~ncl benefits imder Rds Security Instrtm~cnt. Borrower shall I1o~ be l'ele~age, d from BorrowP, r'$ oblig~tioll8 and liflb, ility nncler this Secl. trity instrtlnlc:l/i tlnless LerKl~ ftgr~s to snch Ieleft~ in writing. The covenants ancl ltgre~m~ntq of this Secllrity Instrument shall bind (exert as provicle~t in Section 20) and benefit the an~ccessors and assigns of Lender. 14. Loan Charges. l~nder may charge Borrower fees lot sen, ices performed in cnnneetioI1 with Borrower's clefan~t, for the purpose of protecting l~-ncler's interest in the Property and rights lm~r this Security Instmmam, includ/ag, but not limited ~o, attorneys' fcc.~, property inspection and valuation fees. In xegard m any other fees, the absence of express authority in tins Security Inslxumem Io charge a specific fee to Borrower shall no£ be cansmmcl as a prnhihilioll on the c l~;~ gins of such fee. 1 ~ncler may not charge fees that are expressly prnhihited by this .gl~&Lrity Instrllm~t or b} Applicable Law. If the Loan is subject to a law which sets maximnm loan ch :~ r,2 c.~, and that law is finally interpreted so that the interest or other loan charges collated or Io be collected 'in connection with lhe Loan exceed permitled limits, then: (a) any such loan charge shall be reduc'cd by the arnonnt l!__~ge_~ssary IO l'f~xhIc~ ~ charge to the permitt~i limit; ancl (b) any Slims itll'e.a~y collectcd from Borrower which ext'~-aeO permi,~ limits will be refimcle_d tO Borrower. l~ncler may choose ~o m.~}~c this refund by 1-exlneirlE ~ ~ owed under ~ Note or by making a direct payment to Bm't'~wcr. If a rebmcl ,extols principal, the xeduction will be ~reateA as a partial prepayment without ',~. prepayment charge (whether or not a prepayment charge is provicl~.rl for nncler Ihe Note). Borrowcr':~ acceptance of any such l'efimd macle by direct payment IO BorrOWer will t:ollstitute a Waiver of any right ,~t' action Borrower might have arising out Of glmh overcharge. !5. Not~e~. All ~otices given by Bo~xower or Lender i~ c'tmnection with lids Security Instnmaeat most be in writing. Any aoti~ ~to Borrower in c. nnn~tion with thi ~ Security ~ shall be cl~rr~ to have been given Io Borrower whtm maile~ by first class mail ~ when actually delivered to Borrower's noLil~ aclclrp,,~ if genii by olhP. t' ~ang. NotJ_ms~_. lo any one.Borrc,xxcr shall constitute notice Io all Borrowers unless Applicable Law expressly requires otherwise. The notic'c address shall he Ibc Property Address unless Borrower has designate~ a substitme notice aclclress by m~t~ce to Lender. Borrower shall prnmptly ~ofify l enrler of Borrower's change of aclclress. If 1 ~ncler special'its a procedure for reparting Borrower's change of acldress, ~ Borrower shall Ollly IL'pOrt a change oi ;tddress through tha~ specified procedure. There lllay be ollly ~ ttf~si~naterl llotil2e arlclresS nncler Ibis Security Instrument at any one time. Any nor. ice Io l~ncler shall be given by delivering it or by mailin~ 11 by first class mail to Lender's sraterl herein unless Leader has designated another acldress bx notice to Borrower. Any notice in connecrm with this Security Instnn-nent shall not be 121~..l~d t~ liave been given Io Lender until actually l'e~eivecl by I~mcler. If any nolJee required by this Security Inslrument is also required nncler Applieahle Law, Ibe Applicable Law xequirement will satisfy the corrc~l,~mding requirement under this Security 2 t,~.~:~ 00474412.17 16. goveraing Law; Severnhility; Rnlo~ of Constrm'tim~. This Security Instnnnent .~hall 1~ goveamed by federal law and the law of the jurisdiction in whldn the Property is located. All rights and obligations c,.nntaine, d in thi.q Secllrity lngtmment are subject t,~ any requirement.q and limitations of Applicable Law. Applicable Law might explicilly ar implicitly :dlow the parties to agree by cnntract or it might be .qilent, but mcr ~ nhall llOt be constmeA_ as a p~,dfibition against agreement by contract, In the eve. lit that any provi,qion or clmme of thi.q Secalrity Instrunk, nt or the Note cnnflicts ;lA_th Applicable law, reich c~nflict .qhall not lif~ect other provisions of Ihis S¢curily Instrument or the Note which can be given effect without the cllnflicting provision. As used in this Security Instnnnent: (a) words of the m',tsculine gender ~hall mean and include corresponding neuter wards or wards of the feminine gender: Iht words in the ~ingnlar .qhall mean and include the plural and vice versa; and (C) the word "may" gix c~, st)le discretion wilhont any obligation m take any action. 17. Borrower's Copy. Borrower shall be given nne cop) gl the Note and of this Security Insl:D~ment, 18, Tran.qfer of the Property or a Beneficial Interest in Borrower, As used in Iris Section 18, "Inlerest in the Property" means any legal or benefi~ imeres n: the Property, including, but not limited 1:o, those bellefic.&al illter~ trangfe, n'ed in a bond for deed, contrztct tbr deed, installment .sales contract or ~scrow agreJ~ment, Ih~ ill~t of ,~lahleh is ~ transfer of tire b3 I~rrower at a future date to a purchaser. If all or any part of Ihe Property or any Interest in the Prtq~crty ~s sold or transferred (or ff Borrower is nut a natural person and a beneficial interest in Borrower is -,, dd or transferred) without Lender's prior wrillen consent, Lender may require immeAiate payment in Ictll of all sumq secured by thi~ ~qe~nrity Instrtlll:lcalI. I-Iowever, thlg option ~hall llOt be exercisell b) Lender if such exercise is prohibimd by Applicable Law. If Lender ~x~..~r~ thi,q option, J~ ,qhall give Borrower nonce of acceleration. The notice ,qhall provide a period of not less than 30 days fI'aIn ~ date the n,~tlcc is given in accordance xtdth Section 15 within which .Borrower mu~t pay all snm.q .~ae.red by this Security Instrument. If Borrower fails to pay the~e sums t:nSar to ~ expiration of thi~ period, Lender in;~. invoke any remeAies permltt~ut by thi~ Security Instnmmi~ withom fardmr notice or dmnand on Borrowcr. 19. Borrower's Right to Reinstate After .Aceeleratim~. If Borrower meets c.~ermin conditions, Borrower .qhall have ~ righl to have enforcement of this Security Instrument disc~ntlnneA at any time prior to l. he earliest of: (a) five days before gale of the Prope% l~ursuant to any power of .~ale conlxined in this Secarity Instmnmnt; (b) such other period as Applicable Law might specify for the lermination of Borrower's right to reinstate; or (c) entry of a jndEmem c~Ik)rcing this Security Insm~mem. Those c. nnditions are that -BOrrOWer: (a) pays lender all sum~ which then would be due nnder thi.q Set'~urity JllSl:D~rnent and the Nole as fine ac.~on ~ occm-red; (bt cures any default of any ollmr covenam.~ or agreeanents; (c) pays all expenses incurred in erffarcing Ikis Security Instrument, including, but not limite~l Io, reasonable attorneys' fees, property inspection and vain:diem fees, and other fees incurred for Ihe purpose of prote~ting l~nder's interest in the Property and rl2hts under this Security Insm~mem; and (d) takes ~ action as I.tmder may reasonably require to assure tliat Lender's interest in the Property and ri~t:rht.q ~ thi~ Secllrity Instllllilellt, and Borrower's obligati~m to pay the suing secared by thi~ Secllrity InstnmlenI, .~hall continne unchanged, ~ may ieqilire that B~rrower pay suc~h rein~tatemem; snm~ and expenses in one or more of the following forms, as selected t~ Lender: (a) cagh; (b) money order; (c) ~ ch~, hank C.J~, treasurer's check or c~a~hier's chccl,, provided any snc~h che2~ is drawn upon an institnlion whose deposils are insured by a federal agency, ii~strumentality or entity; or (d) F_lectronic F~md.q Transfer. Upon reln~tatemant by Borrower, Iris Securit3 Instrument and obligations secured hereby .~hall remain :fully ea-e-fe~ve as if no acc'~leration had occtlrrcd. 1 lowever, this right io reingtate ~hall not apply in the ~ of ilc. r.~leration nnder Scull:ion 18. .20. ~qale of Note; Chancre ofi~an Servicer; Notice of ¢;rievance. The Note or a partial interest in ~ Note (together with Ihis Sec. anSty Instrament) czn be sold one or more times without prior notice to Borrower. A sale might re,~uit in a change in the entity (known as the "Loan Servi~a'") that Periodic Payments due. under the Note and xhi.q Secm-ity In~trmnent and pefformq other mortgage loan ~servJc~illg ohligatione ~ file Note, thi~ Sfm. nrity Instrument, cud Applicable Law. There also might nne or more changes of Ihe Loan Servicer llllrelateA I0 a sale {~f the Note. If there is a change of Ire Loan Servicer, Borrower will be given vaitten notice of Ihe change which will state the name and address of llew _Loan Servil:a~r, the address :tO which paymenls should bc made and any other information RESPA l~ ~ 0047441 ?l 7 initials: ~])_-:6(WY) moosI Page 'l'~ of ~5 ~_~ Form 3051 1/01 requires in connecxinn with a notice of transfer of sm'vicing. I1' thc Note is sold and ther~ Ihe Lr~an is servk?0 by a Loan Servicer other than I. he purehamr of the N{,~c. lhe mortgage loan servicing obligations to Borrower will rexnain with the Loan Servicer or be transfe~ ~cd to a successor Loan Servicer anrl are not assumed by Ibc Note pxtrehamr nnless otherwise provirleA by thc Note purchaser. Neither Borrower nor l~nder may g..nmment~, join, or h~..joined to any jndicial acliOll (as either an inrlividnal litigatlI or Ih~ ~ of a class) thai arises frcm~ the other party's actions porsnant lo Ibis Secllrity IrkStllllllellt or ,hat alleges that I1~ other party ]las brcatc'hcd any provision of, or any duty owed by reason of, this Semwity Instrnment, ~mtil snc..h Borrower or l_,.~dcr has notified the other party (with snc. h notice given in compliance with th~ requirements of Section 15. of such alleged breach ann affor~teA Ihe other party t~reto a reasnnahle period after the giving of ~uch notice to take cxlrrective actian. If Applicable Law provides a tim period which must elapse bcloi'c certain action can be taken, that time period will be daamoA to be reasonable for purposes of thi~ paragraph. The notice of acceleration ann opportunity lo cnre given to Borrower pnrsnant ~o Section 22 and the notice of acceleration given m Borrower pnrsnanI lo Section 18 shall be deemed lo mttisfy Ih~' mince and opportunity lo rake corrective action provisions of this Section 20. ~21. ttazardons $~bstan~, As ~ in this Section 21 ks) "Hazardous $1111stanc~s" are those sllb~ances ~ as toxic or ha?ardolls ~tbsmnees, pollntan~, or wastes by Environmental Law and the following snbs~anr~: gasoline, kerosene, other ~le t~ toxic petroleum products, toxic pesticides and herbicides, vnlatile solvents, materials clmtaining asbesto.~ m formaldehyde, and radioactive mamrials; (b) 'Environmenlal Law' ~neans f_e~Jeral laws and laws of the j u ii.~dict ion where the Propert~y is loc~t,~a that Ielam to tmallh, safety or environmental protection; (c) 'Envir~mmental Cleanup" inclnrles any response action, IemeAial action, or l'emnval acrinn, as ttefineA in Envi~mnental Law; and (el) an 'Envir~ Cnnrlition' meam a condition thai can canoe, contribnte l~. or otherwise trigger an Environnmnlal ttorrower shall not c~an~a or permit the pre~nce, mae, dist',~sal, storage, or relea.*.e~ of any l-la~ardous Substances, or Ihre~t_en lo ie,~..ase any l-la?ardoll~ Substances, ~m t~r in the Property. Borrower shall not rio, nor allow anyone-else m do, anything affecting the Propert5 ~,t~ that is in violation of any Environmemal Law, (b) which l:a'e_ates an Enviranmental Cnnrlition, or (c) whi&. due to the presence, me, or release of a t-la?lrdolls ~qubstanr~, creams a condition that adversely affecI~ the value of the Prrlrperty. Tile pr,~cealng two ~mltames shall not apply lo the presence, nsc, or stor,~,~,c on the Property of small qnantities of tqa?ardons Snb~rannes that are generally recognized to be alqmq~riate to normal residential n~s and m maintenance of ihe Property (inclnding, but not limiterl lo, ha/:trdous substances in conslmler products). Borrower shall promptiy give Lender wriaen notice of ~,,~ :my investigation, claim, clemanrl, lawsnit or other action by any governmental or regnlatory agency or private party involving ihe Property and any t-la?ardons Substance or Envirnnmental Law of which Borrower has actual knnwledge, (b) any Envirnrrmental COlldition, inclllding but not limlt~A lo, any spilling, leaking, discharge, Iele. a.~ or thre~tI of release of any I-Iazardon.s Substance, and (C) any condition c',,uscd by the presence, me or Ieleala of It t-la?ardons ~qnhstanne which adversely affects the valne of thc Property. If Borrower learns, or is notified by any govemnmntal or l'egqflatory alltholity, or any private t~,ti-;y, that any removal or other remeAiatian of any Ha~ardons Substanr,~ affecting the Property is _ru~'e__ssar>, Borrower shall prr~mptly take all ne~lary Iem~Aial actions in ac.~xlrdanr~ with EnVirrmmental Law. N~thing herein shall l~ye. am any obligation on 1 ~.nrler :for an Environmental Cleanup. (~I~6(WY) i~)oosl Page t2 of '~'~ ~ Form 3051 1101 0753 NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Aeoolo~atlnn; ~Remotlioa. I,onder ahall give notice to Borrower prior to ~~ f~o~ Bomw~'s br~ of ~y ~vonant or ~m~t h thi~ Security Im~t ~ not ~or ~ ~~ .rider ~i~ 18 .ni~s Applicable ~w ~ovidcs othe~ise). The nofi~ ~hnll z~: (a) ~ d~fa.lt; ~) ~ nni~ ~ to ~e ~ defa.lt; (C) a date, not l~s ~ 30 ~ys ~m ~e ~ ~ nofi~ giv~ to B~ow~, by which ~e d~fa.lt must he cured; and (d) ~t fail.re to ~e ~ d~anlt ~ or ~e ~ ~s~ ~ ~e no~ may rvsull in accel~afion ~ ~e s-ma S~ by thi~ S~.qW In~m~m~.~ ~e of ~ ~op~. The llOlice shall fu~ ~ Bo~ow~ ~ ~ ~ to r~in~(o ~ ae~er~ ~d ~t to ~g a courl action to ~ ~ na~en~ of a ~t or~y other ~e of Bo~ow~ to a~ation and sale. If ~e ~onlt ~ not ~ ~ ~ ~e ~e ~ ~fi~ ~ ~ ~fi~, ~nder at ~ opfiou m a v require immolate ~ent ~ f~ of ~ Sllm~ Sffllr~ by thin S~ In~lment ~tham further demand ~d my ~wke ~e pow~ of ~e ~ ~y oth~ r~edi~ ~i~ by Ap~ Laxv. Leuder s~ ~ entitled to ~ ~ ~na~ ine.~ ~ p~lii~ ~ r~i~ ~oOd~ ~ this Section 22, ~du~g, b~ not limi~ ~, r~~ a~omeys* ~ ~ ~ of~tl~ e~don~. If T~nder invol~ the t~ower of sale, T~nd~r ahali give notice of intent to foreclose to Bon'ower and to th~ imrson in possession of the Property, if differcut, in accordance with Applicable law. I~ntim- ahnil give notlee of the sale to Borrower in the manner provided in Section 15. Lender shall p.hliah the notioo Of sale, and the Property ahall be sohl iii the manner prescribed by Appli~ahlo law. ]~e~J~r o~ J1~ d~i~n~e may pm-~ha~e the Property a! any sale. ~he pro~]~ of 1:be sal~ ~hall ]~ applied in the following order:. (a) to all expenses of tlic sale, including, but not limitott tO, reasonable attorneys' fees; (b) to all s-m~ secured by this Security Instrument; anti 0:) any ~q to the person or persons legally onfitl~tl to it. 23. Release.. Upon paymen! of all sum, seza~o-,t by l. his Security Instlmment. l~mder .~hall rele~a~e thi.q Seca.trity Illsml/ii~. Boliower ~hall pay any recordation cos~. Lender may charge Borrower a f~ for Ieleaaing Ihis SeculSty IllStlnrment. bllI anly fflhe fee is paid it, a third party for servi~ remdered and the eharglng of Ibc feels ptmxfilled ~mder Applicable Law. 24. Waivers. Borrowgr releases and waives all righI~ trader and by virtue of Ihe hnme~te~qd exemption laws of Wynming. 1 In,dais: ~ 0047441 217 090525S 0754 BY SIGNING Rt~.I.OW, Borrower ,ac~.cpks and agr~$ i,, thc terms and cove. nautg cflutained in thi.~ Sean-ity lnsm~mant aha in any t~iaer ~e~.meA by Batrower :md recorded f~it. (Scad Russell M Bacon -Borrower Darcie 3 Bacon / -ltorrow~r -~orrowBr -Bo~ow~r -.Borrower (s~) -~BottowBr -.Borrower §(WY) Iooo.~ i Page 1-4 .of 15 0 047z1-4'1217 ~:orm .3051 1101 '"0755 STATE OF WYOMING, The :fo.regnin£ jnsl:o~ment was aclcnnwledgewl before me by R~sell N. ]~acon and Darc:te a. Lincoln Connty ss: 13th Day of December 2004 My Cnmmi~.~inn Expir~: 10-2-07 Nolary l'.hhc 1 Page lB of 15 00474A1 ?l 7 Form 3051 1101 0 90525S FIXED/ ST LE RATE RIDER (One-Year Treasury Index - l(a it' Caps) Tt-IIR FIXED/ADJUSTABLE RATE RIDER is made lhis 13th day of De~,.--hex, ~004 , and .is incorporated inlo and .qhall be deemed to amm~ and ~,pplelnent the Mortgage, Deed of Trusi, or Seculity Dg~I (the. "SecuritylnstI~ment") oflh~ ,qame date gi~ cn ~w the undersigned ('kBorrowee') lo secure Bo~ow~fs FLx~UAdjns~b~ Ra~ Note (~m "Note") to Washing ton Mutual ~a~k, FA ("J.x~nder")ofthe~amedate ,nd covm'ingthepropea'tydes~ribcdmthe Secufi~inslnxmemtandloea~d ~: ~&....~.--r~_r, ~ 83101 THE NOTE PROVIDES FOR A CHANGE IN BORROWER'S FIXED INTEREST RATE TO AN ADJUSTABLE !NTEREST RATE. THE NOTE .LIMITS THE AMOUNT BORROWER'S ADJUSTABLE INTEREST I::LATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE BORROWER MUST PAY. ADDYrlONAL COVENANTS. In addition to the coven,mrs and agreemenm made in the Secnrity Instrument, Borrower and T ~md~- fn.rlher covenant and lt~i'~e as l~ dlows: A. ADJUSTABLE RATE AND MONTHI,y PAYMENT C 1 i. \ N G E S The Note provides for an initial fixed interest mm of 4.625 %. The Note also provides far a ~mnge in file initial fixed late Io an adjustable ,n tcrcst rate, as follows: 4. ADJUSTAR1 J~. INTER~.~T RATE AND MONTHLY PA 5' 51 E N T CHANGEfl (A) Change Dates The initial fixed interest rate I will pay will nhange m an adjustable interest rate on the first day of Jsm,.~-y, 2010 , and lhe adjustable interest rate I will pay may change on that day ~v~a'y 12th month ~. Wt~ date on which my initial fixed interest rate changes m an adjustable _inlga'~t ~'a_?e, and each date all which my adjustable inmrest ~ate c,,uld change, is called a "Change Date." MUL'rlSTATE FJXEDIADJUSTAI~_E RATE RIDER- O~E-YEAR TREASURY INDEX- Single Family- Fannie Mae Uniform Instrument PB43R (01136) Form 31112 1101 Page 1 of 4 lnltials: ~/17. VMP MORTGAGE :FORMS- (800)521-7291 075 7 01) The lndear Beginning with ~ 15I'St lq. hange Date, :my adjnstable mit: c,i rate will be based on an Index. "Index" is the weekly average yield on United Slates Treasury ~c.:t!t'it~cs adjusted to a constant maturity of due year, as :made available by the Federal Reserve Board. Thc n ~. ,>t recent Index figure available as Df date 45 daya before e. ac2a Chanove Date .is called the "Cnn-ent indcx If the Index is no lnnger available, the Note Holder wilt clt,,osc a new index, that is based upon comparable infm'marion. The Note Holder will give me notice o f t}~i:, choice. (C) Calculation ~f Changes Before each Change Date, the Note Holdm' will ~alc,,l:;tc my new interest rate by adding ( 2..'/5II %) to the C'arremt Index. The Note . 1 klcr will then round the resnlt of this addition lo ~ neareSt one-eighth rff one permge point (0.125". ~ Subject to the limits stated in Section 4(1)) below, thio rmmded _amotlnt will be my newintm-eSt rate um~ t~ ~ n~xt Change Date. ~ Note ]=[oldex will then d~termine ihe amonnt of th~ m, ,ml~l payment that would be anfficient r~.llay ~ nnpaid princil::~l that I am expected Io owe at the Chain, c l)atc in full on the lvlatnrity Dam at my new imerest rate in substantially eq~ paymea~IS. Theresult of thi,, afculation will be the new amonnt ofmy monthly payment rD) I ~imD~ an Interest ltate Changes The intm~est rate I am ~eqnired to pay at the first fTnange Da t~' v, iii not be greater than 9. t;25 % or less than 2.. ? s 0 %. Thereafter, my acljn~ahle inlerest rate will never be increa*ed or decreased on any single tqhangt ),to by more than two percentage pninta ~om the nne of interest I have been paying for the preceding _' mmths. My interest rate will never be gI'~.alea' than 9. £.2,5 %. 0ill Effective Date of My new interest rote will be.l;ome e.J~_~ctive on ~ Chan~,.' [Ltt;:. 1 will pay the monnt of my new monthly t:layment bo~innin~v on th~ :first inonthly paylnmlt date alt :, th~ Change Date until the amount of my mnnthly t:la~ ehan~eS ~gain ~) NOti~ O[ Tbe Note t:Iolder will fleJive~r or mail to me ~ notk:e o£m~y ~ l,.~=s in my initial fixed inmmsl r~te loan adjnsmble interest rate and of any changes in my adjnstable intc~c~t rate before the effex:five date of any change. ~ notice will in, lode the. amount of my mnnthly paym. c~,., any information re. qnire. A by law to be given to me and also the. title and Ie, le~lone nnmher ora perso~ ,.~ ho will answer any que. stion I may have mgarding ~ noti0e. tl. TRAN.qFF_JI OF THli~. ~PROPERTY ORA REN]ilFICIAL 1N I E REST IN BOR.ROVIFER 1. Until Borrower's initial fixed interest ~ate changes to ;t~ ddjustable interest rate nnder ~gtated in Sec?ion .Altbove, IJlJ. ifnrm Covenant .18 ofI]~ Semirit3 J tt.,i rttlllenl shall read as follows: P843R (OLD6) Page 2 JDf4 ~"'~,'T'~ Form 31R2 1101 Transfer of the Property or a Benefiei~ Interes~ in IhJrrower. As used in ~hi~ S~fi~ 18, "lnmrest ~ ~ ~op~" ~ ~y ~ or b~hl m~crcs~ in the Prop~, inclndin% b~ ~t ~d to, ~o~ b~ ~es~ ~an~f~ ~ a bond for deed, con~act for ~ed, ~tallm~t ~s cnn~l ~ ~ow ~~, ~ ~t of wNch ,. thc transfer of rifle by B~ow~ at a ~e ~ m a p~cha~. g~ ~y~ of~ ~ope~ or~y lnt~est in thc t'rope~ is sold ~ B~ow~ ~ ~ot a namr~ p~s~ and a ~ rate,cst m Bo~ower N soM or ~~) ~out ~'s ~or ~ co~, ~ ~y reqtm c immediate pa~t sec~ed by ~hi~ S~ ~ment. Howev~, ~ opfio, ~hall not be exercNed by ~ N ~~ by ~aNe ~w. gL~d~ ~s ~ opfi~ ~ ~hall gixc Borrower notice of ~c~. ~o~e ~hall pro~ a p~ of ~t ~s than 30 da.- ~rom the ~te ~e notice ~c~nee w~ Se~ion 15 ~thin w~ B~Ow~ m~lst pay all sums sec~ed by ~~. gB~ow~ ~ m pay ~ ~nm~ ~or to H l~- expiration of ~ pmod, ~nd~ ~vnke ~y reme~eS ~d by thi~ Secm~ ~n~c~ without ~r notice B~ow~. 2. ~ B~ow~s initial ~ed ~st ram changes h an adjustable ~st mated ~ Sec~ A abo~, U~c,,,n Cornet 18 of ~ Sec u ri~ x Instrument des~ ~ Secfi~ B 1 ~o~ ~hall ~ c~ to be ~ effec[ ~d ~e ~ovi~inn~ of Ilnifonu { ~,venanl 18 of ~ Se=m~ ~mt ~hall be md m r~ ~ ~ows: Tr~ of ~e Pro~ or a B~ ~es~ in Borrower. ~ ~ ~ thi~ Secfi~ 18, "~est ~ ~ ~op~" me~n~ ~y ~ or b~ial interest ~n the Prop~, ~, butut ~d to, ~ b~ ~es~ ~~ N a bond fi~r d=ed, con~t for ~d, ~talim~nt ~s cnn~t ~ es~ow ~~ ~ inter of w~ch ~:. the transfer of title ~e ~ lo a g ~ ~ ~y ~ of ~ ~op~ or ~y ~est in fl~c Property is soM ~ B~ow~ ~ ~t a ~ ~son and a b~ ~tcrc~l ~n Bo~ower N soM ~thnut ~'s ~or ~ c~, ~my requi~ c immediate pa~t ~cmfi by ~ S~~ment. Howev~, ~ optiu~ :,l~ali no~ be exemN~ by~g~ ex~ m ~nhihimd by ~ph~le ~w. L~der al,, shah not exercNe thi~ opfi~ ~ow~ cm~ses ~ be suhm~ Io ~ infnmal~m required by Lender Io ~valna~ ~t~d~d mn~fe~ ~ ~a ~w lO~ W~e bevy made to t ltc transferee; ~ ~) ~r r~ly ~ine~ ~t l~ndee8 ~ Wffi ~Ot b~ ~ed by thc loan assmpfi~ ~ ~t ~ h~k of a br~ of~y covet or~m~t ~ thi~ S~m~ lng: rumcnt is accepmbM to To ~ ~t p~in, d by ~~ ~w, Lcndc~ may charge a r~ ~ ~ a oondifion ~ ~s c~t to ~ Jnan a~pfi~. 1 tudor also may req~e ~i~ ~ ~~ ~t ~t~ ~e m Lrmlcr and ~at ob~a~ ~p ~ ~ prnmi~es and ~en~ made ~ ~ Note :m, I m this Sec~ ~~. Bo~ow~ wffi gnnfinne IO be ohligamd ~ ~ Nora ~ ~ Security Instrument ~ss ~d,r re~s g l~der e~ ~ opfi~ to r~e immediltlc payment N ~, B~ow~¢ of~z~. ~¢ ~hall providu a period. . of notice, than 30 ~ ~m ~ no~e ~ ~v~ N ~cor~nee w~ Section t 5 w~tlnn whmh B~ow~ mt ~y 0 0.~'/~ ]..2].'7 Initials: P843R (0106) Page 3 of 4 Form 31B2 1~01 sums se, cared by this SccxuJty JZlSt~,ment If Bol:rox~ ct lhil~ to pay ~se ~ ~r m ~ ~imH~ of~ ~, ~ ~y ~v~ ~y r~ed h.~ pc~iaed by ~ S~W ln~m~ent ~th~ut ~ ~e ~ ~and ~ Bo~ow~. . BY ~G ~OW, B~ow~ ~ ~ ~ees ~ the te~s ~ co--ants cnntnined ~ thi~ (s~) ~1 M ~ -B~w= ~cie J Baco~/ -B~ow~ (se~) (s~) -Bm'rowex -Ba~:rowex (se~) (s~) -B~m~w~r -B~:mw= (sm) (s~) -Bm'row~ -B~xow= 0047441217 (0106) Page 4 of 4 Form 3182 1101