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HomeMy WebLinkAboutLLA-06-03City of Wheat Ridge OF WHEgT~ Community Development Department Memorandum ~~~oRP~~ TO: Case File FROM: Travis Crane, Planner 11 111 SUBJECT: LLA-06-03/Zwahlen Lot Line Adjustment DATE: 22 February 2007 The applicant, Marianne Zwahlen, has submitted a signed mylar of the lot line adjustment plat for the properties located at 2640-50 Lamar Street within the allotted timeframe specified on the letter dated 5 February 2007. The plat has been recorded with the Jefferson County Clerk and Recorder. 7500 West 29th Avenue Wheat Ridge, Colorado 80033 303.235.2846 Fax: 303.235.2857 The City of Wheat Ridge 5 February 2007 Lane Engineering Steve Lister 9500 West 14`x' Avenue Lakewood, Colorado 80215 RE: 2640-50 Lamar Street/Lot Line Adjustment Plat "Zwahlen Minor Subdivision" Dear Mr. Lister: I would like to take this opportunity to briefly recount the events and discuss upcoming action of the land use case associated with the properties located at 2640-50 Lamar Street. The land use application was submitted on September 8, 2006; specifically a request for a lot line adjustment between the two properties. After submittal of the initial amendment, City staff generated several comments on October 2, 2006. A second resubmittal was received on October 24, 2006. Comments were sent back on November 2, 2006. A third and final submittal occurred on November 21, 2006. After this review, the plat was approved with minor corrections. A letter was sent back on December 8, 2006 acknowledging this approval. The December 8, 2006 letter indicated that a mylar must be submitted to the Community Development Department for recordation with the Jefferson County Clerk and Recorder. There has been no contact since this last review. To date, the land use application has been stagnant for a period of approximately 60 days. Typically, after a stagnant period of 90 days a land use application is withdrawn, and the process is abandoned. City Staff respectfully requests that the mylar be submitted within the next 30 days. A resubmittal which addresses the comments generated on December 8, 2006 shall be received by March 5, 2007, or the case will be withdrawn. If the case is withdrawn, all submittal fees and progress will be forfeited. The Community Development Department is committed to providing the highest level of customer service, which entails timely review of land use submittals. Land use cases which are inactive for a period of time only hinder this commitment. If you have any questions, please feel free to contact me. I can be reached at 303.235.2849 or tcraneQci.wheatridee.co.us. Sincerely vRCn Planner II Cc: Marianne Zwahlen Steve Lister 9500 W.10 Avenue City of Wheat Ridge Transmittal Sheet Date: 8 December 2006 The following items are being returned for the land use case submittal for the property located at 2640 & 2650 Lamar Street (Zwahlen Minor Sub.) Copies Description Notes 1 Full sized plat dated 11/10/06 With redlined comments 1 Planning Division memo 1 Public Works comment letter The minor subdivision plat: ❑ Has been approved ® Has been approved with conditions/redlines ❑ Has not been approved - please resubmit the following: Copies Description Notes 1 Full sized Mylar With appropriate signatures $11.00 recording fee ❑ Building K1 Review will be performed by: ❑ Planning ❑ Public Works City of Wheat Ridge Community Development Department 7500 W. 29th Avenue Wheat Ridge, CO 80033 Building Division - 303.235.2855 Planning Division - 303.235.2846 Inspection line - 303.234.5933 www.ci.wheatridge.co.us 7500 West 29th Avenue Wheat Ridge, Colorado 80033 303.235.2846 Fax: 303.235.2857 The City of Wheat Ridge 8 December 2006 Mr. Steve Lister, P.L.S. Lane Engineering 9500 West 14a' Avenue Lakewood, Colorado 80215 RE: Zwahlen Minor Subdivision/2640 & 2650 Lamar St. Dear Mr. Lister: I have completed my third review of the lot line adjustment plat for the properties located at 2640 & 2650 Lamar Street, and I have the following comments: 1. General: A. All comments generated by the Planning Division have been addressed. B. Please see comments generated by David Brossman, Development Review Engineer (attached). Mr. Brossman is requesting one correction to the plat. After this correction is made, a mylar may be created and submitted to the City for recordation. Please make the correction as suggested by Mr. Brossman and produce one full size mylar copy of the plat and submit along with a check for $11.00 to the Community Development Department for recording. Please ensure that all property owners have signed the mylar in indelible ink, complete with a notary signature and seal. If you have any questions, please feel free to contact me. I can be reached at 303.235.2849 or tcrane(aci.wheatridge.co.us. Sincerely, VF-C- Travis R. Crane Planner II Cc: Marianne Zwahlen Steve Lister 9500 W. 14' Ave. DEPARTMENT OF PUBLIC WORKS (303) 235-2861 City of Pub e ioft 7500 WEST 29T" AVENUE WHEAT RIDGE, CO 80033 FAX (303) 235-2857 December 7, 2006 Mr. Steven D. Lister Lane Engineering Service, Inc. 9500 W. 14th Avenue Lakewood, CO 80215 Re: Third Review Comments of the Zwahlen Minor Subdivision Plat. Dear Mr. Lister, I have completed the third review of the above referenced documents for the proposed development located at 2640 Lamar Street received on November 22, 2006, and I have the following comments: Surveying Comments 1. All previous comments have been addressed; the plat is be ready for Mylar® upon completion of the check mentioned below. 2. It was discovered that the distance shown between the lots does not appear to be correct. It is shown as 140.71' on the graphical portion but measures 140.16' on the drawing provided by you. Please double-check distance this prior to creation of the Mylar S. The above comments are as of the date reviewed and may not reflect all comments from other departments or reviewing agencies. If you have any questions, please contact me at 303.235.2864. Sincerely, David F. Brossman, P.L.S. Development Review Engineer CC: Steve Nguyen, Engineering Manager Travis Crane, Planner - File Zwahlen Minor Sub_Plat - approvaLltr.doc City of Wheat Ridge of ""EqT P Community Development Department Memorandum c~~ORPO~ TO: David Brossman, Development Review Engineer FROM: Travis Crane, Planner II, SUBJECT: Zwahlen Lot Line Adjustment/LLA-06-03 DATE: 21 November 2006 We have received the resubmittal for the Zwahlen lot line adjustment located at 2640-50 Lamar Street. I have included 2 full sized copies of the resubmittal, I copy of your red-lined comments from the previous submittal and 1 CD-Rom containing digital files. Let me know if you have any questions. REC ENEDD NOV 1 11 2006 November 11, 2006 Mr. Travis Crane 7500 West 29`h St. Wheatridge, Co. 80033 This letter does hereby notify o eTrais R, rsvTerry Sane, Planner rared of the City ofi,Wheatridge Colorado, that the new property acknowledge and approve the lot line adjustment plat and subsequent property transfer of the property at 2640 Lamar St.,Wheatridge, Colorado. Sincerely, Terry Schumacher and Philip Parisi CC: Marianne Zwahlen 7500 West 29th Avenue Wheat Ridge, Colorado 80033 303.235.2846 Fax: 303.235.2857 The City of Wheat Ridge 2 November 2006 Mr. Steve Lister, P.L.S. Lane Engineering 9500 West loth Avenue Lakewood, Colorado 80215 RE: Zwahlen Minor Subdivision/2640 & 2650 Lamar St. Dear Mr. Lister: I have completed my second review of the lot line adjustment plat for the properties located at 2640 & 2650 Lamar Street, and I have the following comments: General: A. Please include written authorization from the new property owners acknowledging the lot line adjustment plat and subsequent property transfer. B. Please see comments generated by David Brossman, Development Review Engineer (attached). C. I have included a red-lined copy of the subdivision plat for clarification of my comments. 2. Plat Review: A. Please include the new owners in the Owner's Certification. Please make the above corrections and resubmit four full-sized (24" x 36") copies and one reduced (11" x 17") copy for review. Upon approval, please produce one full size mylar copy of the plat and submit, along with a check for $11.00 to the Community Development Department for recording. If you have any questions, please feel free to contact me. I can be reached at 303.235.2849 or tcraneCaci.wheatridge.co.us. Sincerely, Travis R. Crane Planner 11 Cc: Marianne Zwahlen Steve Lister 9500 W. 14' Ave. City of Wheat Ridge of ""EqT P Community Development Department m Memorandum ~o~oRao~ TO: Dave Brossman, Development Review Engineer FROM: Travis Crane, Planner II 1C~ SUBJECT: LLA-06-03/Zwahlen ` DATE: 24 October 2006 Attached is the resubmittal for the Zwahlen lot line adjustment located at 2640-2650 Lamar Street. Please let me know is you have any issues with the resubmittal. 7500 West 29th Avenue Wheat Ridge, Colorado 80033 303.235.2846 Fax: 303.235.2857 The City of Wheat Ridge 2 October 2006 Mr. Steve Lister, P.L.S. Lane Engineering 9500 West 14th Avenue Lakewood, Colorado 80215 RE: Zwahlen Minor Subdivision/2640 &2650 Lamar St. Dear Mr. Lister: I have completed my initial review of the lot line adjustment plat for the properties located at 2640 & 2650 Lamar Street, and I have the following comments: General: A. I have included comments from all responding agencies. If you have any questions regarding these comments, please direct them to the agency which generated said comment. B. I have included a red-lined copy of the subdivision plat for clarification of my comments. 2. Plat Review: A. Please label each lot as "lot 1" and "lot 2". B. Please include the square footage for each lot. C. Please add LLA-06-03 to the Case History box. D. Please reformat the signature blocks for the Mayor and City Clerk. E. Please remove the newly-created utility easements from the plat. Utility easements are not required on a lot line adjustment plat. F. Please add zoning to the subject lots and adjoining lots. Please make the above corrections and resubmit four full-sized (24" x 36") copies and one reduced (1 I" x 17") copy for review. Upon approval, please produce one full size mylar copy of the plat and submit,, along with a check for $11.00 to the Community Development Department for recording. If you have any questions, please feel free to contact me. I can be reached at 303.235.2849 or tcrane@ci.wheatridge.co.us. Sincerely, n' Travis Crane Planner II Steve Lister 9500 W. 14' Ave. Wheat Ridge Sanitation District 7100 W. 44th Ave. #104 P.O. Box 288 Wheat Ridge, Colorado 80034-0288 FAX: 303-424-2280 Phone: 303424-7252 October 3, 2006 Mr. Travis R. Crane City of Wheat Ridge 7500 West 291h Avenue Wheat Ridge, Colorado 80033 Re: Zwahlen Minor Subdivision Certificate of Sewer Service Dear Mr. Crane: REC ENE OCT 0 4 2006 This letter is in response to your request for confirmation of the availability of sanitary sewer service for the above parcel. By supplying this information, the Wheat Ridge Sanitation District is not liable for the misidentification or misrepresentation of the subject lot. The location of the subject lot is based solely on the description provided by the requestor, and the Wheat Ridge Sanitation District is not responsible for the way in which this information is used or disseminated. The subject lot at the address referenced above is entirely within the boundary and service area of the Wheat Ridge Sanitation District. Treatment of sewage generated within the Wheat Ridge Sanitation District is provided by the Metro Wastewater Reclamation District (Metro). Wheat Ridge Sanitation District facilities in this area consist of an 8-inch sanitary sewer main within Lamar Street west of the subject property. This parcel is subject to the assessment of both Wheat Ridge Sanitation District and Metro tap charges. The owners may be required to extend sewer lines to their project and be responsible in the cost of providing additional capacity to serve their projects. In addition, you should be aware that the District requires approval of plans for sewer main construction, sewer service connections, determination and payment of tap fees, as well as inspection of construction by the District's Engineer. If a disconnection of sewer service is required the District requires that the service is disconnected at the main. If you have any questions, please do not hesitate to contact Ms. Sue Matthews during regular office hours, 8:30 am to 12:30 pm, or Tom Repp, MARTIN/MARTIN Consulting Engineers, 303-431-6100. Sincerely, /-J,v 6) Thomas R. Repp, P.E. District Engineer MARTIN/MARTIN, Inc. C: Sue Matthews - Wheat Ridge Sanitation District Xcel EnergysM PUBLIC SERVICE COMPANY October 3, 2006 City of Wheat Ridge Community Development 7500 West 29th Avenue Wheat Ridge, CO 80033 Attn: Travis R. Crane Re: Referral Response for Case No. LLA-06-03 Siting and Land Rights 550 15'" Street, Suite 700 Denver, Colorado 80202-4256 Telephone: 303.571.7799 Facsimile: 303.571.7877 RECEUVED OCT03280 Public Service Company of Colorado (PSCo) has acknowledged the mentioned referral as not a conflict with their existing facilities. However, as a safety precaution and to prevent injury, PSCo would like to remind the applicant to contact PSCo's Engineering Department at 1-800-628-2121 (builder's call. line) regarding future gas and electric service, relocation and/or any grading activities on or near existing facilities. As a courtesy reminder, please call the Utility Notification Center 1-800-922-1987 to have all underground utilities located prior to any digging. If you have any questions about this referral response, please contact me at (303) 571- 7596. Thank You, Acea,- Agent, Siting and Land Rights DEPARTMENT OF PUBLIC WORKS (303) 235-2861 7500 WEST 29TH AVENUE WHEAT RIDGE, CO 80033 FAX (303) 235-2857 September 27, 2006 Mr. Steven D. Lister Lane Engineering Service, Inc. 9500 W. 14"' Avenue Lakewood, CO 80215 Re: First Review Comments of the Zwahlen Minor Subdivision Plat. Dear Mr. Lister, I have completed the first review of the above referenced documents for the proposed development located at 2640 Lamar Street received on September 21, 2006, and I have the following comments: Surveying Comments 1. Need to modify the bearings for the westerly and southerly subdivision boundary lines on the graphical portion so they correspond to the Legal Description. 2. Need to show the overall distance from the south line of the SW 1/4, Section 25 to the T.P.O.B. so it matches the Legal Description. 3. Please include the Case History number LLA-06-03 in the Case History box. 4. Need to move the lines and text around for the Mayor's and City Clerk's signature blocks so they will be usable. 5. The Plat as currently described does not close. The plat will not be approved prior to satisfying the plat closure requirements (1:50,000) as required by City Code. Please make the necessary corrections and include a closure sheet with the next submittal. 6. Include a DVD or CD-ROM containing the plat in AutoCAD dwg format on the current City datum with the next submittal. The above comments are as of the date reviewed and may not reflect all comments from other departments or reviewing agencies. If you have any questions, please contact me at 303.235.2864. Sincerely, David F. Brossman, P.L.S. Development Review Engineer CC: Steve Nguyen, Engineering Manager Travis Crane, Planner File Zwablea Minor Sub-Plat - reviewl.ltc.doc Community Development 7500 West 29th Avenue Wheat Ridge, Colorado 80033 303.235.2846 Fax: 303.235.2857 The City of "eat Ridge Community Development Referral Form I Date: 19 September 2006 Response Due: 4 October 2006 The Wheat Ridge Community Development Department has received a request for approval of a Lot Line Adjustment at the property located at 2640 and 2650 Lamar Street. No response from you will constitute having no objections or concerns regarding this proposal. Case No.: LLA-06-03 Request: The applicant has submitted a Lot Line Adjustment Plat. This plat will adjust a common lot line between the two lots. The properties currently have Residential One (R-1) zoning, which allows single-family residential. The properties are approximately 22,438 square feet in size. Please respond to this request in writing regarding your ability to serve the property. Please specify any new infrastructure needed or improvements to existing infrastructure that will be required. Include any easements that will be essential to serve the property as a result of this development. Please detail the requirements for development in respect to your rules and regulations. If you need further clarification, contact the case manager. Case Manager: Travis R. Crane Voice: 303.235.2849 Fax: 303.235.2857 Email: tcrane@ci.wheatridge.co.us DISTRIBUTION: Edgewater Water District Wheat Ridge Sanitation District Wheat Ridge Fire District Xcel Energy Wheat Ridge Parks & Recreation Dept. Wheat Ridge Public Works Subject Properties i z ~ o $ Z g N ; ' 12-q 2. 2601 30]0 J, 290 2663 2662 2655 3051 m { r tr 1 " r yj N ~ ~ ~ ` i ` r {i{i ~ r. E r t5 \ FI \LI" {t Z t ~ ~{A\ lC~ 4 ~S 'i N. Yll~` `m g\ yybb~~ n j e ^y m: m m m EDGE ATER LAKEWOOD Subdivision Worksheet Submittal requirements: Application P~ Copy of Deed Plat (18 copies) Er Fee P_ Address: Z~b - 50 ~ X S+• Zoning: 2(.7(0 b' CZ-J L-2-6Sa Property in the flood plain? Subdivision Size: ZZ~} 3 sq. ft. ( - S 15 ac.) Min. Lot Size:Sco- 04 sq. ft. Do all lots meet minimum size? 21050 doey,k Min. Lot Width: l5 too ft. Do all lots meet minimum width?2b5o Ace k Parkland Dedication Required? N. Right-of-Way Dedication Required? f . / ft. Public Improvements Required? is o SIA or Development Agreement Required? Letter of Credit or Escrow Required? 1__L_ tA~ P s ZL~ LzR S is S ~5 R iS Will any Structures Remain? qf%_ 6.-kV,- l is 2690 Required Setbacks: FR 30 NS 15 5 `S 151 5 R to Provided Setbacks: FR Q S 10 S 1`F-`t R l,o r-R 36_x` s-1_~ -.2, 625- Form and Content of Subdivision Plat 1. Title of document (centered at top of page - Located in the 1/4 Section, Township 3 South, Range 69 West of the 6`h Principal Meridian) ✓'2. Complete Legal Description with ties to the section that the subdivision lies within _✓3. Small scale location map, with north arrow and scale 4. Ownership/Unified control statement L,~5. Name/Address/Phone number(s) of architect, engineer, or surveyor associated with the project ✓ 6. Graphical representation of the property boundary (corresponding to the Legal Description) ✓ 7. Existing/Proposed lot lines, complete with distances and bearings ✓ 8. Subdivision name and lot number for adjacent properties v~'9. Existing and proposed street right-of way 10. Proposed and existing ingress/egress easements ✓l 1. Scale and north arrow (scale not to exceed 1 100') _✓2• Certification blocks, including surveyor's certificate (examples below) ✓13. Standard utility and drainage easement language (examples below) 14. Data table with total area to be subdivided, smallest, average and largest lot size ~ 5. Proposed area for each lot (in square feet and acreage) ✓ 16. Case history box and date of preparation , hs., -Eb ~p41~ X17. Location and size of utility and drainage easements - 18. Location and dimensions of any dedication required (with dedicatory statement - included) 16 a ion documents required? Additional in 1. fic study (2 cop es) Drainage report, er sion control and grading plan (2 copies) 3. Soils report (2 co ies) 4. Engineering pl s which detail construction of all public improvements 5. Access permit pplication 6. Existing topo aphy (contours at oot intervals) 7. Existing and p o astructure (utilities and streets) 8. Lo ion of any sigui 9. rocs-Access langu g 10. HOA CovenanKconst l1. Phase 1 enviro _12. Complete set o Supplemental Information: Any variances needed? _ Lot size Lot width Cross access easements needed? Drainage easement/tract needed? Tine IZZ lof LZL9o~ '..;a\' y~leuciSe ~o ey,s+s l'leP~ vzf~zr,tzS Tim F,• l l + ~Zbso~ H:~l ~vv~ezs~ , 61s+ ~Ik4 two' lot d~~'C~ PcJc\~~s . all{ lo} wll .1~1 1~2 1Oi Sco 1~ l ant land features (ditches, stream or lakes) (with graphical representation) drawings ZWAHLEN MINOR SUBDIVISION A MINOR SUBDIVISION CONSISTING OF UNPLATTED LAND BEING A PART OF THE SOUTHWEST ONE-QUARTER OF SECTION 25, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH PRINCIPAL MERIDIAN CITY OF WHEAT RIDGE, C OUNTY OF JEFFERSON, STATE OF COLORADO SHEET I OF 1 - NW 1/4 SW 1/4 ECTON 25. 3 1 4' ALLOY CAP IN BANE POINT BOX. CAP STAMPED 'LS I 32429' I S 89'41'48' W 2644.57' _NORTH LINE OF SECTION 25 - - - - - - - - - WE, MARIANNE G. ZWAHIEN, TERRY SCHUMACHER AND PHILIP F. PARIS. BEING THE - - - - - - OWNERS OF REAL PROPERTY CONTAINING 0.515 ACRES DESCRIBED AS FOLLOWS: CENTER SECTION 25, 3 t/4' ALLOY CAP IN DESCRIPTION: RANGE PONT BOX. CAP STAMPED 1S 28229' I A TRACT OF LAND LOCATED IN THE SOUTHWEST ONE-QUARTER OF SECTION 25, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF ME 6TH PRINCIPAL MERIDIAN, CITY OF WHEAT I RIDGE. JEFFERSON COUNTY. COLORADO DESCRIED AS FOLLOWS: COMMENCING AT TIE SURVEYOR'S CERTIFICATE: I, STEVEN D. LISTER, 00 HEREBY CERTIFY THAT THE SURVEY OF THE BOUNDARY OF ZWAHLEN MINOR SUSDrv610N WAS MADE BY ME OR UNDER MY DIRECT SUPERVISION AND TO THE BEST OF MY KNOWLEDGE. INFORMATION AND BRIEF. IN ACCORDANCE WRH ALL APPLICABLE COLORADO STAMTES, CURRENT REVISED EDITION AS AMENDED, THE ACCOMPAKWNG PUT ACCURATELY REPRESENTS SAID SURVEY. LAND N. GP 20' 28' W. ALONG THE FAST +I I I I LOT I n ( D 1 KENDALL STREET O I RI ZONING MINOR SUBDIVISION I ' c Iz - N 89'39'32' E 140.00' LOT 2 I~ )I LOT ONE HEREBY m REMOVED By MIS b" S ~ P AT 1 I u RI ZONN / NG s m LOT 2 a 10..539 539 SF N 1 Iw L ;I 3 nl a 3 ~ N 89'43a3 E 140.71' NO N I ° I 5 gp z 8 ' RI ZONING u, LOT I I R2 ZONING LOT 1 u.899 SF B 89'39'04' W 140 13' . TRUE INT PO OF - ' I I BEGINNI NG I = z ' I SCALE I'= 3 R2 ZONNG ~ I °I 30 0 15 30 45 ' S I I 3° - - r _I ' ' I , of = I I I I ' - I POINT OF - - - - COMMENCEMENT 134]DO' ^ WEST 26TH AVENUE II RIGHT-OF-WAY VARIES 1 _ _ _ _ _ _ _ _ _ _ _ - ~ 'CORNER- SW 1/4 _ _ _ _ _ _ - SE 1/4 SW 1/4 SEC 25 SECTION 25 N 69'39'04' E 2643.72' AS MEASURED (CITY N 89' 39' 27' E 2643.89' 3 1/4' ALLOY CAP IN 3 1/4" ALLOY CAP IN RANGE POINT BOX CAP RANGE POINT BOX, COP STAMPED 'LS 28279' STAMPED 'IS 23047' LINE TABLE UNE LENGTH BEARING Lf 1.82 N89'39'04'E L2 15.171 S00'1922-E CASE HISTORY L3 1.65 S89'39'OCW PREPARED BY: LANE ENGINEERING SERVICE. 02i INC 10 95 TEL: ( 03) 253 0043E AX: (505) 233-0796 5 COUNTY CLERK AND RECORDER'S CERTIFICATE STATE OF COLORADO ) ) SS COUNTY OF JEFFERSON ) I HEREBY CERTIFY THAT M5 PUT WAS FILED IN THE OFFICE OF ME COUNTY CLERK AND RECORDER OF JEFFERSON COUNT)' AT GOLDEN. COLORADO. AT O'CLOCK_.. ON THE WY OF 2006 N A.D.. IN BOOK PAGE , RECEPRON NO. JEFFERSON COUNTY CLERK AND RECORDER BY.. DEPUTY REVISED: 11/10 W SCNE: REARED: 10/2 /Ofi I' = 500' RENSEO: 10/13 06 PREPARED: 09 05/06 PROJECT: Z18-1 THE DESCRIBED IN RECEPTION NO. F1425372 OF THE RECORDS OF THE JEFFERSON COUNTY CLERK AND RECORDER; THENCE N. 87 39' 32' E. ALONG THE NORTH ONE OF SAID TRACT. A DISTANCE OF 140.00 FEET TO THE NORTHEAST CORNER OF SAN) TRACT: THENCE S. OW 20' 25' E. ALONG THE FAST UNE OF SAID TRACI. A DISTANCE OF 60.00 FEET TO THE SOUTHEAST CORNER OF SAID TRACT WHICH LIES ON THE NORTH LINE OF THAT TRACT OF LAND DESCRIBED IN RECEPTION NO. FO831692 OF THE RECORDS OF THE OFFICE OF THE CLERK AND RECORDER OF JEFFERSON COUNTY: THENCE N. 89' 39' Oa E. ALONG THE NORTH ONE OF SAID TRACT. A DISANCE OF 1.82 FEET: THENCE S. OP 19' 22' E. PARALLEL WON THE EAST ONE OF THE SOUTHWEST ONE-OUARTER OF SAID SECTION 25 AND ALONG THE EAST ONE OF SAID TRACT, A DISTANCE OF 15.17 FEET TO A POINT ON THE NORTH UNE OF THAT TRACT OF LAND DESCRIBED IN RECEPRON NO. F1425371 OF ME RECORDS OF THE OFFICE OF ME CLERK AND RECORDER OF JEFFERSON COUNTY; MERGE S. 89' 39' 04' W. ALONG THE NORTH LINE OF SAID TRACT. A DISTANCE OF 1.65 FEET TO THE NORTHWEST CORNER OF SAID TRACT; THENCE S. DO 19' 22' E. ALONG ME WEST LINE OF SAID TRACT A DISTANCE OF 84.81 FEET TO A POINT ON THE SOUTH ONE OF THAT TRACT OF LAND DESCRIBED IN SAID RECEPTION NO. '0831692; THENCE S. 89' 39' 04' W. ALONG SND SOUTH LINE A DISTANCE OF 140.13 FEET TO ME TRUE POINT OF BEGINNING, CONTAINENG AN AREA OF 22.438 SOWRE FEET OR 0.515 ACRES. MORE OR LESS. HAVE WD OUT, SUBDIVIDED AND PLATTED SAD LAND AS PER ME DRAWING HEREON CONTAINED UNDER ME NAME AND STYLE OF ZWAHLEN MINOR SUSDMSION, A SUBDIVISION OF A PART OF ME CITY OF WHEAT RIDGE. COLORADO. AND BY THESE PRESENTS DO DEDICATE TO ME CRY OF WHEAT RINE AND THOSE MUNICIPALLY OWNED AND/OR MUNICIPALLY FRANCHISED UTILITIES AND SERVICES THOSE PORTIONS OF REAL PROPERTY SHOWN AS EASEMENTS FOR ME CONSTRUCTION. INSTALLATION, OPERATION. MAINTENANCE. REPAIR AND REPLACEMENT FOR ALL SERVCES. THIS INCLUDES BUT IS NOT LIMITED TO TELEPHONE AND ELECMIC LINES, GAS LINES, WATER AND SANITARY SEWER ONES, HYDRANTS, STORXIWATER SYSTEMS AND PIPES. DETENTION PONDS, STREET LIGHTS AND ALL APPURTENANCES THERETO. OWNERS MARLWNE G. ZWAHIEN STATE OF COLORADO ) ) SS COUNTY OF JEFFERSON ) THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF 2006 AD. BY MARIANNE G. 2WAM£N. MY COMMISSION EXPIRES: NOTARY PUSUC TERRY SCHUMACHER PHILIP F. PARISI REGISTERED LAND SURVEYOR COLORADO NO, 16637 CITY CERTIFICATE: APPROVED THIS DAY OF 2006 BY ME CITY OF WHEAT RIDGE. ATTEST: DIRECTOR OF COMMUNITY DEVELOPMENT DIRECTOR OF PUBLIC WORKS NOTICE: ACCORDING TO COLORADO LAW YOU MUST COMMENCE ANY LEGAL ACTION BASED UPON ANY DEFECT IN THIS SURVEY WINN THREE TEARS AFTER YOU FlRSI DISCOJER SUCH DEFECT. IN NO EVENT NAT ANY ACTION BASED UPON ANY DEFECT IN MIS SURVEY BE COMMENCED MORE THAN TEN YEARS FROM THE DATE OF THE CERTIFICATION SHOWN HEREON. NOTES: 1. 5/8-INCH DIAMETER IRON PIN WITH CAP STAMPED 'UNE END SW INC 16637' RECOVERED AT POINT SHOWN THUS: 2. FEW WITH CAP STAMPED 'C R MOORE LS 10945' RECOVERED AT POINT SHOWN THUS: O 3. THE BASIS FOR ME BEARINGS SHOWN IS THE ASSUMPTION THAT ME NORTH LINE OF ME SOUTHWEST ONE-OUM ER OF SECTION 25 BEARS S. 09' 41' 48' W. STATE OF COLORADO ) ) SS COUNTY OF JEFFERSON ) ME FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME THIS DAY OF . 2006 A.D. BY TERRY SCHUMACHER AND PHILIP F. PARIS. MY COMMISSION EXPIRES: NOTARY PUBLIC VICINITY MAP WHE.QT~~o LAND USE CASE PROCESSING APPLICATION u m Community Development Department 7500 West 29th Avenue, Wheat Ridge, CO 80033 Phone (303) 235-2846 c~4 0 R N (Please print or type all information) Applicant M Q C1 Q N n P )I A)a,(A J e vl Address -2 toS p Cc wt cy r Phone- 23`j (oil City 1n14 e cCF d State O Zip 8Oal N Fax Owner ~n~=~avnvta ~vUc4- ~ Address ~2(oS0 i-CuA/rtcvt Phone333231f(0,?i? City State q~Q Zip 80Z l~ Fax Contact Address Phone City State Zip Fax (The person listed as contact will be contacted to answer questions regarding this application; provide additional information when necessary, post public hearing signs, will receive a copy of the staff report prior to Public Hearing, and shall be responsible for forwarding all verbal and written communication to applicant and owner.) Location of request (address): Type of action requested (check one or more of the actions listed below which pertain to your request): Application submittal requirements on reverse side ❑ Change of zone or zone conditions ❑ Special Use Permit ❑ Consolidation Plat ❑ Subdivision: Minor (5 lots or less) ❑ Flood Plain Special Exception ❑ Subdivision: Major (More than 5 lots) Z Lot Line Adjustment ❑ Right of Way Vacation ❑ Planned Building Group ❑ Temporary Use, Building, Sign ❑ Site Development Plan approval ❑ Variance/Waiver (from Section ) ❑ Other: Detailed description of request: yv'\oy o- I ~d - 1JAe 1S *~Zt S~9 Fln Required information: #2(oSb ~vs~yn -426So Assessors Parcel Number: 2 2 866 x1738 Size of Lot (acres or square footage): M 288 i8r776 Current Zoning: Ve S i c) ¢z c% Proposed Zoning: Current Use: Proposed Use: I certify that the information and exhibits herewith submitted are true and correct to the best of my knowledge and that in filing this application, I am acting with the knowledge and consent of those persons listed above, without whose consent the requested action cannot lawfully be accomplished. Applicants other than owners must submit power-of-attorney from the owner which approved of this action on his behalf. Signature of Applicant \(XJ Subscrib d and sworn day of 52(0 2au~4Y , 20 O C '10TAI~Jp~t- He My oo ission expires J p/i/O To be filled out by staff: 7•. pl/BL1G ' Date received Q Fee $ Receipt Case No. Lt--A--o -0 3 Comp Plan Desig. Zoning Quarter Section Map 576c)~-T-" Related Case No. Pre-App Mtg. Date Case Manager~~/C Return To: PACIFIC REPUBLIC MORTGAGE CORPORATION 2150 TOWNE CENTRE PLACE SUITE 300 ANAHEIM, CA. 92806 Prepared By: PACIFIC REPUBLIC MORTGAGE CORPORATION 5690 DTC BLVD. STE 150E GREENWOOD, CO 80111 Loan No. 77490387 /PG [Space Above This Line For Recording Daf DEED OF TRUST MIN 1001201-0077490387-7 DEFINITIONS Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated together with all Riders to this document. (B) "Borrower" is MARIANNE ZWAHLEN Borrower is the trustor under this Security Instrument. (C) "Lender" is PACIFIC REPUBLIC MORTGAGE CORPORATION Lender isa CALIFORNIA CORPORATION July 24th, 2003 COLORADO-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS -6A(CO) (0005) m Page 1 of 15 Initials: VMP MORTGAGE FORMS- (800)521-]291 106a01co.0101 Form 3006 1101 organized and existing under the laws of THE STATE OF CALIFORNIA Lender's address is 2150 TOWNE CENTRE PLACE, SUITE 300 ANAHEIM, CA 92806 (D) "Trustee" is the Public Trustee of JEFFERSON County, Colorado. (E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MEAS. (F) "Note" means the promissory note signed by Borrower and dated July 24, 2003 The Note states that Borrower owes Lender ONE HUNDRED EIGHTY-SEVEN THOUSAND FIVE HUNDRED and N01100 Dollars (U.S. $ 187, 500.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than August 1, 2033 (G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (M "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider 0 Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider VA Rider ❑ Biweekly Payment Rider E::] Other(s) [specify] Q) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (M) "Escrow Items" means those items that are described in Section 3. (l) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (O) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. 77490387 /PG Initials: (M-6A(CO) (0005) Pape 2 of 15 Form 3006 1/01 m 106a02co.0101 (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and, assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of JEFFERSON [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] THAT PART OF THE SOUTHWEST 1/4 OF SECTION 25, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE 6TH P.M. DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE EAST LINE OF LAMAR STREET WHICH IS 1347 FEET EAST AND 330 FEET NORTH OF THE SOUTHWEST CORNER OF SAID SOUTHWEST 1/4; THENCE NORTH ALONG THE EAST LING OFG LAMAR STREET 60 FEET; THENCE EAST AT RIGHT ANGLES TO THE EAST LINE OF SAID STREET 140 FEET; THENCE SOUTH AND PARALLEL TO SAID EAST LINE OF SAID STREET 60 FEET; THENCE WEST 140 FEET TO POINT OF BEGINNING, COUNTY OF JEFFERSON, STATE OF COLORADO. Parcel ID Number: 39-253-00-029 2650 LAMAR STREET WHEAT RIDGE ("Property Address"): which currently has the address of [Street] [City], Colorado 80214- [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. Initials: 77490387 /PG (M-6A]CO) (ooo5) Page 3 of 15 Form 3006 1101 m 1061103co.0101 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record and liens for taxes for the current year not yet due and payable. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security. Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. F1mds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Initials: 77490387 /PG ®6A(CO) J0005) Page 4 of 15 Form 3006 1/01 10604co.0101 Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall famish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless 77490387 /PG Initials; -6A(CO) 100051 Page 5 of 15 Form 3006 1101 OD 106a05co.0101 Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the initials; 77490387 /PG (M-6A(CO) (0005) Page 6 of 15 Form 3006 1101 106a06co.0101 work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. Initials: 77490387 /PG -6A(CO) (0005) Paged of is Form 3006 1101 10607co.0101 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities tumed on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other parry (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source Initials: 77490387 /PG (M -6A(CO) (0005) Page 8 of 15 Form 3006 1/01 B 106a08co.0101 of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided for in Section 2. In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Parry (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the parry against whom Borrower has a right of action in regard to Miscellaneous Proceeds. initials: 77490387 /PG (M-6A(CO) (0005) P.g. 9 & 15 Form 3006 1/01 ID 10609co.0101 Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a 'co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in correction with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's (M-6A(CO) (0005) Initials: 77490387 /PG Page 10 of 15 Form 3006 1/01 106al0co.0101 notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) inkfa~s: 77490387 /PG -6A(CO) (ooo5) Page 11 of 15 Form 3006 1/01 m 106a11co.0101 certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer products). Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any -6A(CO) (0005) m 77490387 /PG Initials: Page 12 of 15 Form 3006 1101 106a12co.0101 Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private parry, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give written notice to Trustee of the occurrence of an event of default and of Lender's election to cause the Property to be sold. Lender shall mail a copy of the notice to Borrower as provided in Section 15. Trustee shall record a copy of the notice in the county in which the Property is located. Trustee shall publish a notice of sale for the time and in the manner provided by Applicable Law and shall mail copies of the notice of sale in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder for cash at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Trustee shall deliver to the purchaser Trustee's certificate describing the Property and the time the purchaser will be entitled to Trustee's deed. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Release. Upon payment of all sums secured by this Security Instrument, Lender shall request that Trustee release this Security Instrument and shall produce for Trustee, duly canceled, all notes evidencing debts secured by this Security Instrument. Trustee shall release this Security Instrument without further inquiry or liability. Borrower shall pay any recordation costs and the statutory Trustee's fees. 24. Waiver of Homestead. Borrower waives all right of homestead exemption in the Property. 77490387 /PG Initials: -6A(CO) (coos) Page 13 of 15 Form 3006 1/01 106a13co.0101 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Witnesses: MARIANNE ZWAHLEN (M-6A(CO) (0005) _ (Seal) -Borrower _ (Seal) -Borrower _ (Seal) -Borrower _ (Seal) -Borrower _ (Seal) -Borrower _ (Seal) -Borrower (Seal) (Seal) -Borrower -Borrower 77490387 /PG Page 14 of 15 Form 3006 1/01 106a14co.0101 STATE OF COLORADO, The foregoing instrument was acknowledged before me this by MARIANNE ZWAHLEN Witness my hand and official seal. My Commission Expires: -6A(CO) (ooos) B Notary Public day of County ss: 77490387 /PG Initials: Page 15 of 15 Form 3006 1/01 106al5co.0101 RECORD AND RETURN TO: COLORADO FEDERAL SAVINGS BANK 770 WEST HAMPDEN, #201 ENGLEWOOD, COLORADO 80110 [Space Above This Line For Recordog Datal DEED OF TRUST 455136 THIS DEED OF TRUST ("Security Instrument") is made on MARCH 23,1999 among the grantor, MARIANNE G ZWAHLEN ("Borrower"), the Public Trustee of JEFFERSON Comity ("Trustee"), and the beneficiary, COLORADO FEDERAL SAVINGS BANK which is organized and existing under the laws of THE UNITED STATES OF AMERICA , and whose address is 8400 EAST PRE, NTICE AVENUE SUITE 545, ENGLEWOOD, COLORADO 80111 ("Lender"). Borrower owes Lender the principal sum of ONE HUNDRED TEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 Dollars (U.S. $ 110,750.00 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the frill debt, if not paid earlier, due and payable on APRIL 01, 2029 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under thus Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee, intrust, with power of sale, the following described property located in JEFFERSON County, Colorado: COLORADO-Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3006 1/91 23CO : 08/97 rage 1 of 8 A PARCEL OF LAND LOCATED IN THE SOUTH 1/2 OF SOUTHWEST 1/4 OF SOUTHEAST 1/4 OF SOUTHWEST 1/4 OF SECTION 25, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE SIXTH PRINCIPAL MERIDIAN, JEFFERSON COUNTY, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS TO-WIT: COMMENCING AT A POINT 1155.0 FEET WEST AND 230.0 FEET NORTH OF THE SOUTH 1/4 CORNER OF SAID SECTION 25; THENCE WEST PARALLEL WITH THE SOUTH LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 143.0 FEET; THENCE NORTH, PARALLEL WITH THE EAST LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 100.0 FEET; THENCE EAST, PARALLEL WITH THE SOUTH LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 143.0 FEET, THENCE SOUTH, PARALLEL WITH THE EAST LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 100.0 FEET TO THE POINT OF BEGINNING, COUNTY OF JEFFERSON, STATE OF COLORADO. which has the address of 2640 LAMAR STREET W HEATRID GE [City] [street] COLORADO 80214 ("Property Address"); [slate] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected.on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lien of the payment of mortgage insurance premiums. These items are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. 02FF : 09196 Page 2 of 8 The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may require Borrower to pay a. one-time charge for an independent real estate lax reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve montlily payments, at Lender's sole discretion. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale of the Properly, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instmment. 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note. 4. Chm ges; Lien. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly famish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faille the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Properly is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Properly in accordance with paragraph 7. All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lenders security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instmmment, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property , or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. 03FF : 09/96 Page 3 of 8 Lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin when the notice is given. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the suers secured by this Security Instrument immediately priority the acquisition. 6. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan ,Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Properly. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal;; is begun that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially :impair the lien created by this Security Instrument or Lender's security interest. Borrower may core such a default and reinstate, as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 7. Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significtutly affect Lender's rights in the Properly (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by it lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Lender does not have to do so. Any amounts disbursed by Lender under flus paragraph 7 shall become additional debt of Borrower segued by this Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. S. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the preminnms required to obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be required, at the option of Lender, if mortgage insurance coverage (in the amount and for the period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 04FF : 09196 Rage 4 of 8 10. Condemnation. The proceeds of any award or claim for damages, director consequential, in comhection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of tae Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then doe, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immmediately before the taking is less than the aumount of the sums secured immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the suns are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to continence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make awry acconnlodations with regard to the tents of this Security Instrument or the Note without that Borrower's consent. 13. Loan Charges. If the loan secured by this Security Instrument is subject to it late which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the pennitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted lint; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Properly Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deenmcel to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this. Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 05FF : 09/96 Page 5 of 8 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Properly or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in frill of all sums secured by this Security Instrument. However, this option shrill not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender stall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Bonower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of., (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. 19. Sale of Note; Change of Loan Servicer. The Note or a. partial interest in the Note (together with this Security Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a. change in the entity (known as the "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will state the name and address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other information required by applicable law. 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, rise, or storage on.the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or Formaldehyde, and radioactive materials. As used in this paragraph 20, "Enviromnental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender fintiner covenant and agree as follows: OGFF : 09196 Page 6 of 8 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may involve the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If Lender invokes the power of sale, Lender shall give written notice to Trustee of the occurrence of an event of default and of Lender's election to cause the Property to be sold. Lender shall mail a copy of the notice to Borrower as provided in paragraph 14. Trustee shall record it copy of the notice in the county in which the Property is Iocuted. Trustee shall publish a notice of sale for the time and in the manner provided by applicable law and shall mail copies of the notice of sale in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder for cash at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of any parcel of the Property by public announcement at the time and place of any previously scheduled side. Lender or its designee may purchase the Property at any sale. Trustee shall deliver to the purchaser Trustee's certificate describing the Property and the time the purchase will be entitled to Trustee's deed. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 22. Release. Upon payment of all sums secured by this Security Instrument, Lender shall request that Trustee release this Security Instrument and shall produce for Trustee, duly cancelled, all notes evidencing debts segued by this Security Instrument. Trustee shall release this Security Instrument without further inquiry or liability. Borrower shall pay any recordation costs and the statutory Trustee's fees. 23. Waiver of Homestead. Borrower waives all right of homestead exemption in the Property. 24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and sltiall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] ❑ Adjustable Rate Rider ❑ Condominium Rider ® 1-4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Rider ❑ Biweekly Payment Rider ❑ Balloon Rider ❑ Rate Improvement Rider ❑ Second Home Rider ❑ Other(s) [specify] 24CO: 08/97 Page 7 of 8 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security vistrument and in any rider(s) executed by Borrower and recorded with it. Witnesses: (Seal) MARIANNE G ZWAHLEN -Borrower (Seal) (Seal) [Space Below This Line For Acknowledgment] STATE OF CO , DENVER COUNTY SS: The foregoing insimment was acknowledged before me this 23RD day of MARCH 1999 , by MARIANNE G ZWAHLEN Witness my hand and official seal: My comunission expires: Notary Public 25CO : 08197 Page 8 of 8 1-4 FAMILY RIDER Assignment of Rents ass136 THIS 14 FAMILY RIDER is made tins 23RD day of MARCH , 1999 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to COLORADO FEDERAL SAVINGS BANK (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 2640 LAMARSTREET, WHEATRIDGE, COLORADO 80214 [Property Address] 1-4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. ADDITIONAL PROPERTY SUBJECT TO THE SECURITY INSTRUMENT. In addition to the Property described in the Security Instrument, the following items are added to the Property description, and shall also constitute the Property covered by the Security Instrument: building materials, appliances and goods of every nature whatsoever now or hereafter located in, on, or used, or intended to be used in connection with the Property, including, but not limited to, those for the purposes of supplying or distributing heating, cooling, electricity, gas, water, air and light, fire prevention and extinguishing apparatus, security and access control apparatus, plumbing, bath tubs, water beaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers, awnings, storm windows, storm doors, screens, blinds, shades, curtains and curtain rods, attached mirrors, cabinets, parcelling and attached floor coverings now or hereafter attached to the Property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Properly covered by the Security Ins(ru cont. All of file foregoing together with the Property described in the Security [nstnmccnl (or the leasehold estate if (lie Security Instrument is on a leasehold) are reforred to in (his 1-4 Family Rider and the Security Instrument as the "Property." B. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make a change in the use of the Property or its zoning classification, unless Lender has agreed in writing to the change. Borrower shall comply with all laws, ordinances, regulations and requirements of any governmental body applicable to the Property. C. SUBORDINATE LIENS. Except as permitted by federal law, Borrower shall not allow, any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission. D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Uniform Covenant 5. E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Unifomm Covenant 18 is deleted. F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, the first sentence in Uniform Covenant 6 concerning Borrower's occupancy of the Property is deleted. All remaining covenants and agreements set forth in Uniform Covenant 6 shall remain in effect. G. ASSIGNMENT OF LEASES. Upon Lender's request, Borrower shall assign to Lender all leases of the Property and all security deposits made in connection with leases of the Property. Upon the assigimmirt, Lender shall line the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security instrument is on a. leasehold. MULTISTATE 1-4 FAMILY RIDER--Fannie Mae/Freddie Mac Uniform Instrument Form 3170 9/90 14FF: 06/96 - Page 1 01'2 R. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ("Rents") of the Properly, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's agents. However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default pursuant to paragraph 21 of the Security Instrument and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (i) all Rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to the tenant; (iv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by the Security Instrument; (v) Lender, Lender's agents or airy judicially appointed receiver shall be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as security. If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Uniform Covenant 7. Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not and will not perform any act that would prevent Lender from exercising its rights tinder this paragraph. Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain the Property before or after giving notice of default to Borrower. However, Lender, or Lender's agents or a judicially appointed receiver may do so at any time when a default occurs. Any application of Rents shalt not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of Rents of the Property shall ternuruite when all the sums secured by the Security Instrument are paid in full. L CROSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has an interest shall be a breach tinder the Security Instrument and Lender may invoke any of the remedies permitted by the Security Instrument BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4 Family Rider. (Seal) MARIANNE G ZWAHLEN -Borrower (Seal) (Seal) (Seal) 15FF : 08196 Page 2 of 2 Address 8400 EAST PRENTICE AVENUE SUITE 545 Date of Deed of Trust MARCH 23, 1999 Recording Date of Deed of Trost CountyofRecording JEFFERSON Film No. Reception No. Book No. Page No. I{NOW ALL MEN BY THESE PRESENTS that MARIANNE G ZWAHLEN did grant, bargain, sell and convey the property described in the Deed of Trust to the Public Trustee in the County in w1rch said property is located, to be held in trust to secure the payment of a Pronussory Note for the original principal sum of $ 110,750.00 , together with interest. NOW THEREFORE, in consideration of the sum of TEN AND NO/100ths DOLLARS and other good and valuable consideration, paid to the assignor, the receipt and sufficiency of which is hereby acknowledged, the said assignor hereby assigns unto the said assignee, the said Deed of Trust and note secured thereby, together with all moneys now owing or that may hereafter become due or owing in respect thereof, and the full benefit of all the powers and of all the covenants and provisos therein contained, and the said assignor hereby grants and conveys unto the said assignee, the assignors beneficial interest under the Deed of Trust which creates a lien on the following described property, situate in the County of JEFFERSON Statc of Colorado, to wit: A PARCEL OF LAND LOCATED IN THE SOUTH 1/2 OF SOUTHWEST 1/4 OF SOUTHEAST 1/4 OF SOUTHWEST 1/4 OF SECTION 25, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE SIXTH PRINCIPAL MERIDIAN, JEFFERSON COUNTY, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS TO-WIT: COMMENCING AT A POINT 1155.0 FEET WEST AND 230.0 FEET NORTH OF THE SOUTH 1/4 CORNER OF SAID SECTION 25; THENCE WEST PARALLEL WITH THE SOUTH LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 143.0 FEET; THENCE NORTH, PARALLEL WITH THE EAST LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 100.0 FEET; THENCE EAST, PARALLEL WITH THE SOUTH LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 143.0 FEET, THENCE SOUTH, PARALLEL WITH THE EAST LINE OF SAID SOUTHWEST 1/4, A DISTANCE OF 100.0 FEET TO THE POINT OF BEGINNING, COUNTY OF JEFFERSON, STATE OF COLORADO. also known by street and number as: 2640 LAMAR STREET WHEATRIDGE, COLORADO 80214 TO HAVE AND TO HOLD the said Deed of Trust and note, and also the said property unto the said assignee forever, subject to the terns contained in said Deed of Trust and note. And the said assignor hereby covenants with the assignee that the said Deed of Trust and note hereby assigned is a good and valid security and that the sum of dollars remains unpaid on the said note and that the said assignor has not done or permitted any act, matter or thing whereby the said Deed of Trust has been released or discharged, either partly or in entirety and has the right to assign said Deed of Trust and note and will upon request, do, perform and execute every act necessary to enforce the full performance of the covenants and agreements therein contained and that this assigmnent and the covenants herein shill inure to the benefit and extend to and be binding upon the heirs, personal representatives, successors and assigns of the respective parties hereto. IN WITNESS WHEREOF, the assignor has executed these presents the day and year first above written. Attest: State of Colorado County of COLORADO FED AL SAVINGS BANK BY:, PATRICK FJ ICE PRESIDENT The foregoing instrument was acknowledged before me on MARCH 23, 1999 PATRICK FCG=. AS VTC'F. PRRCTrtFTPP rv ..r~r~nrrn zvn WHEN RECORDED RETURN TO: COLORADO FEDERAL SAVINGS BANK 770 W. HAMPDEN AVE., SUITE 201 ENGLEWOOD, CO 80110 NOT=~` A `®L IC ` 1113, (date) by SN00: 08197 Case No.: LLA0603 Quarter Section Map No.: SW25 App: Last Name: wahlen Related Cases: App: First Name: Marianne J Case History: Lot line adjustment Owner: Last Name: between 2640 & 2650 ame Lamar Owner: First Name: App Address: 2650 Lamar St. Review Body: dm. City, State Zip: F V heat Ridge, CO 80214 App: Phone: 5 03-239-6817 APN: 139-253-00-029 Owner Address: ame 2nd Review Body: City/State/Zip: 2nd Review Date: Owner Phone: ame Decision-making Body: dm. Project. Address: 640-50 Approval/Denial Date: Street Name: Lamar Street City/State, Zip: heat Ridge, CO 80214 Reso/Ordinance No.: Case Disposition: Conditions of Approval: District: Project Planner: Crane File Location: [Active Date Received: /8/2006 Notes: -Up: Pre-App Date: Follow-Up: CITY OF WHEAT RIDGE 89/15/86 11.15 AN cdh Marianne Zllahlen RECEIPT NO-CO22251 AMOUNT FMSD ZONING APPLICATION F 388.88 zone PAYMENT RECEIVED AMOUNT CK 7398 368.88 TOTAL 308.80