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HomeMy WebLinkAbout913952 50803 (01) -"'t 'J .> o, '; .;{)'" ~. - I, t)1 J /)"rv V r' r" (' f'j.:, r¡ " ',.' t .l, oJ Recording requested by: Wells Fargo Bank N.A. Wells Fargo Equity Direct 526 Chapel Hills Drive Colorado Springs. CO 80920 RECEIVED 11/23/2005 at 10:51 AM RECEIVING # 913952 BOOK: 605 PAGE: 713 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY \Vhen recorded return to: Wells Fargo Bank N.A, Wells Fargo Services Consumer Loan Servicing P.O. Box 31557 Billings. MT 59107 Stat¡' III' \\'Ylllllillg Space AIJtI\'l' this Liul' For H.elïHì.liug J)¡¡(e ~__ MORTGAGE 65003174971998 (With flllUre Advance Clause) 1. DATE AND PARTIES. The date of this Deed of Trust ("Security Jnstrumem") is 31 October 2005 and the panies, their addn;sses and (ax idemitïcatjoJl !lumbers, if required, are as follows: rvIOJHGAGOR: R. MICHAEL LEE, AND PATTI D. LEE. AS HUSBAND AND WIFE IN JOINT TENANCY D [1' checked, refer to rhe attached Addendum incorporared herein, for aclclj¡jollJ] Ivl()rrgaglJrs their signawres and acknow ]edgrnems. LENDER: Wells Fargo Bank N.A. 420 Montgomery Street San Francisco. CA 94104 1. CONVEYA.NCE. For good and valuabk considerarjoJl, the receipr amI sllf1ïciellcy () which is acklluwledgecL and to secure dIe Secured Debt (ddïl1ecl below) and ^longagor's per1(JIîIW1Ce under this Security Jnsrnnnem, Mongagor grams, bargains. conveys, murlgages ami warrams t() Lellcler. widI puwer of sale, dIe followinµ describec! propeny: See attached Exhibit A The propeny is ]ocated in L i nco 1,O al 136 HANCEY DRI VE (('()U!I!)') L\ddrcsSl THAYNE , WY!J1l1ing 83127 - 0000 (Ci!y) (Zip C:(lcki WYOIVIING - NlASTER FORIVI NlORTGAGE Pòge 1 of 8 LEWY1 (0403) \:¡'.'1F r'.~ongagt Solutions (é:OO)5:21-729l 20052277700223 -' -- :.;.."""" ("¡ /-¡ r-. '~).¡' ... ~ '. ',/ ¡ .,' , .l. -..1. Together with all rights, easemel1lS, appurtenances, wyalLies, mineral rights, oil amI gas rights, all water amI riparian rights, ditches, and water SLOC!.: and all existing amI future imprnve1l1ems. strucmres, fixtures, and replacements that may now or at any time in the future be pan oj the rea] estare described above (all refelTedw as "Propeny "). 3. J\IAXl1\lUM OBLIGATION LIMIT. The tOla] principal amOUlH secured by this Security InStrumelll at anyone time shall not exceed $ 25 .300.00 . This limitation of ,l1lliHlllt does not include imerest and other Jees and charges valid]y made pursuam w tllis Security ]nstrullJem. Also, this limjration does ¡¡ot apply to advances made uuder llle tenus of tiJis Security ]nSlrlllnelH [0 prOleCl Lender's security and to perform allY of tIle covel4lms cO!l[ained in this Security lustrull1cnt. 4. SECURED DEBT AND FUTUHE ADV ANCES. The terln "Secured Debt" is ddined as foUows: A. Dcbt incurred under the terms of the promissory note, revo]ving line of credit. cOJllraCl. guaramy or other evidence of debt dated 10/31/2005Xlgetller wiùl aU :Illlclldmems, extensions, nwdifications or renewals. The maturity date of Ùlc Secured Debt is JO/26/2045 B. AlJ future advances from Lender to Ivlortgagor under such evidence of debt. All fUlllrl: ,luvallL:es are secured as if made OJl ll¡e date of ùJÎs Security ]nstfllmelll. Nothing in this Security AgreelllelH shall constitute a COll1lllÌ¡¡nelll to make additional or futllle loans or advances which exceed tlle amOUlll shown in Section 3. Any such conullÌtulelll must be agreed LO in a separate writing. C. AU sums advanced and expellSes incurred by Lender for illsllling, preserviJlg or otherwise protecting the Property and its value and any oùler SUllIS advanced and expellSes illcuned bJ Lcmler under Ùle tams of tiÚs Security Instrumem. 5. PAYMENTS. Jvlongagor agrees that aJl paYlIIelHs under the Secured Debt wiJl be paid when due and in accordance willl ùle terms of tile Secured Debt and this Security Instrument. 6. PRJOH SECURITY INTERESTS. With regard [() any other mortgage, eked of trust, security agreemem or other lien doculllent that cre:lled a prior security imerest or ellcunllJUlllce on the Propeny, J\'longagor agrees: A, To make all paymellls when dlle and [() perform or cOlllply with all covenams. B. To promptly deliver to Lender any notices Ùlat Mortgagor receives from the holder. C. Not to a]]ow any lIIodiJïcation or extension of. nor to request any fllture advances under any Ilote or agreement secured by the lien documem without Lender's priur wrirteu COlJSelll. 7. CLAll\JS AGAINST TITLE. J\longagor wi]] pay all taxes, aSSeSSJlleUlS, liellS, encumbrances, lease payments, ground relllS, utilities, and otber charges reLiting [() thc Property when due, Lender may require Mortgagor to provide (() Lender copies of allllotices that such amuuUlS are due and the receipts evidencing Mortgagor's paymelll. Mongagor wi]] defend titk to the Propeny against any claims that wouJd impair dIe lien of dIe Security InstrullIent. Mortgagor agrees to assign to Lcnder. as reqllested by Lender. any rights, claims or defenses Mortgagor may have against parries wllo supply labor or ma¡erials to maintain or improve the Propeny. 8. DUE ON SALE OR ENrUl\JBRANCE. Upon s:de, transfer. hypothecatioll, assigJllllem ur encumbrance, whether volulllary, involulllary, () ' by operation of law, of all ur any pan of llle Property or any interest therein, ùlen at its soJe option. Lender may, by wrirren Jjotice [() J'vlongagol. declare al1 obligations secured hereby illullediately due and payabJe, except to the exte]J[ tll:lt such aL:ce]eration for and in such particular ciJulIllstanL'es where cxercise of such a rig]1l by Lellder is prohibited by law. 9. PHOPERTY CONDITION, ALTEHATJONS AND INSPECTION. !vlongagor IIi]] keep tile Property in good condition and make al1 repairs that are reasonably nècessary. lVlortgagur shall JHH commit or allow any waste. impairment. or deterioration of Ùle Propeny, !vlongagor II ill keep [he Property free of noxious weeds and grasses, !vlortgagor agrees that dIe nature of t]¡e occupancy ami liSt wi]] not subsLallliaIly change without Lender's prior written COllSelll. Mortgagor wi]] not permit allY change in any license, restricri ve coVella ][ () ' e~lselllcllt witll(Jut Lender's prior IV ri tlell consem. WYOIVIING - IVIASTER FORIVI IVIORTGAGE LEWY 2 104031 PdQ:; 2 of 8 20052277700223 (.. :'Ì¡ r.... "..., Þ-' ",j \, , .i. u _._ ~......ß.: IVlongagor ",ill notify Lender of all dellleullb. proceedings, claims, ami auiuns agaiust lvJongagllr. am! of auy loss or damage [() ¡he Propeny. Lemler or Lender's agents IIlLIY, at Leuder's uptiulL eWer the Properry a[ allY reasonable time for ¡he purpuse uf inspectillg [he: Pmpeny. Lender shall gil'e lvlongagor notice a[ tile time of or before all inspection specifying a reasonable purpose I(¡r thc inspection. Any inspe:ction of tbe: Pruperry shall be emirdy fur Lender's benetÏl and tvlungagur will in uo way rdy on Le:ndeJ'S inspe:ction. 10. AUTHORITY TO PERFORAl. If lvJonge¡gor fails [u pnform any dULY or an)' uf tbe cUl'enams cUl1lailled in this Se:curity InstrLunelU, Lender way, \\itlloul nUlice, pe:rl'orm or cause: tlJelu [0 be pc:rfonned, Jvlongagor appoints Lender as a[romey in bct [() sign lv]ongagor's name or pay auy amOUJl( necessar)' for performance:. Lemler's rig] ( lO perform for tvlungagur sbalJ uot Cl'e:ate an obIigariu1J [() perform, and Lender's failure to pe:rfllnu \l'ill JlOt predude Le:1ICkr from exen:ising auy of Lender's other rights under the law or tlJis Securiry lus[rumel1l. If any C()JlS[ruction on LIlt" Pruperty is discominued or not carried 011 in a reasonable m;l1lner. Lende:r me¡Y rake: all Sle:pS necessary (0 prute:ct Lender's security imerest in ¡he Prupeny, including t:(Jll1pktiulJ lIf the Cl) ¡structio1J. ]]. ASSJGI\MENT OF LEASES AND RENTS. I'vJongagor irrevucably grams, bargail1S. conve:ys. J]1ungage:s and warrants to Lende:r as additional security all the: right, title and ro alJY amI all existiug or fumre leasès, subleases, and any otÜèr writtèu or I'èrbal agre:emems for tile: use aJld uccupaucy of any porrilln of ¡he l'wpeny, including any extensions, n:newals, 11Iliditica[ions m sub~titlJ[ions uf such agreel11e1l!s (all referred to as "Leases") amI rems, issues and prutits (all referred !CI as "Rellts"). !vlung:.tgur will promptly providè Le:mkr with true and currect copies iì i ~dl existing and future Lease:s. tvlongagor m:.ty culltct, receive. enjoy ancluse tile Rellts so long as !vlongagor is JJot ill ckLiujt ullcler llie terms uf this Sècuriry IlJstrullleJ][. !\'Iortgagor agrees that ù¡is elssignJ\Jem is i1nlllediately effective berween the paniès to [his Sècuriry ]nsLnu]]e:I1l. I\'lorrgagm agrees tllat tlJis e¡Ssiglllllem is effective as to [hird parries \Vbè]] LelJder wkes affirmative acriolJ pre:scribed by law, ane! tlJat this assignmem wjlJ remain in dlect during any reclèmptio]] period ulltil (he Secured Debt is salis1Ïed, Î\'lortgagoragrees that Lenckr may take actual possessiolJ of tile propeny witlwu( tbe uecessi[y of cOJ]une:ncing legal actiou and Ùl~¡[ actual possessiun is deemed [() occur whe:]] Lende:L or its agent. uotifiest\'longagor oj defaulr and ckmmds tllat any te:n;¡J][ p:.ty all furLUe Rèms dirc:crly (0 Lender. On rèceiving IJo[ice of default. !vlongagor will èndorse and c!èliver [() LeJJdèr any pdymem of Rel1ls in 1\ ongagm' s possèssiou amI will receivè any RèJHS in trust for Lender and will not commingle tbe ReJJls \\ill] any oLlJèr funds. Any amounts collected will bè applie:d as provided in û¡js Security lnstrumem. I\I(Jngagor warrants tbal uu default exists uuder the Le:ases ur any applicablè landlordltenal1l law. Mungagur also agre:e:s [() nlLliutain and re:quire any temlJlt tl) comply wiLll LlJe tc:rms of ¡]Je Leases auel applicable Jaw. 12. LEASEHOLDS; CONDO!\lINJOl\lS; PLANNED UNIT DEVELOPMENTS. J'vlungagu! ag!èèS [U cumply wiùI LItè provisions of any lèase: if LIJis Security [ustrumem is un a ltaseli(JlcI. jf tlle JlUpeny is a llnir in a Condonúniul1J Project or is parr uf a PlanJJecl Unj¡ DevelopmellL ("PUD"!. !'vlortgagm agrèes to the following: A. Obligations. l'viongagor shall pe:rform all of tvlurtgagor's oblig:llions under ¡jlè COlJstiwem DOCUl1JèI1lS, The "CulNilllem DocullJents" are Lhe: (i) Declaratiun ur any other clucuJlJeJl! which creates ûle CUllllonúniull1 Projects or PUD and any Ij()me:o\\îJèrS associaliun or e:c¡uivalel1l emity ("Owners Association"); (ii) by-laws; (iii) cock of regulaliolls; and (iv) OÙlèr ec¡uivakl1l dOCUJue:l1ls. Mqngagor shal1 promptly pay, when due, aJl dues and aSSèssmems imposed pursuant to Ùle Consti!llènt Documems. B. Hazard Insurance. So long as thè Owners Associel[jon ll1aimains. with a geJlereilJy acce:p[ed inSllJ'allCè carrier, a "masrer" or "blanket" puliey un the ConclulniuÍlun f'roje:ct ur PU [) whiclJ is satisfactory !O Lender and \\l¡ich provides inslllance cove:rage in rhe aIJjOUllLS. for tile pe!iocls. and against the: hazards Le:lIdèr req uires. including tire and hazards ind uded with i u ¡he: term "extende:d coverage," then lvlongagor's obligation under Secrjun 19 [I) maimain hazard iusurance coverage on the Property is deemed satistied [() ¡he eX(e:IJ! [har tile require:d coverage: is WYOIVlING . MASTER FORIVI MORTGAGE LEWY 3 104031 p"'Gc 3 of 8 20052277700223 -- -- ...J ë--'! :.:.-' .;....=: ~).~ ~-".,,,,,; ro,. t ~.:.: (\ . ,j,: t .~ LJ provided by tbe Owner's AssOl.:iatiol1 policy. ¡\Jongagor sllall give l.e;llCler prompt Ij()[ice or any Llpse in required hazard insurallce coverage, In dIe evelJl of a distribution ur 11:lz:lrcl insurance proceeds in Jieu or restoration or repair following a loss [() Property_ w]¡elkr [II l]¡e; UUil or [II COllllllOIJ ele:mems, any pmceeds payable: [() !\'lortgagur arè IJereby assigned amI sllalJ be p:licJ tl) Lender for :Ipplicalion [0 the sums secured b}' this Security lnsmllnem, witll any eXCè';S p:lid [lJ tvtongagor . C. Flood Insurance. Mortgagor agrees ([) llwimain t]ood insurance for Ille life of the Secured Debt which is acc:eprable, as to form, amoum and extem of coverage [lJ Lemler. O. Public Liability Insurance. ìvloI[gagor shall take such auions as JJlay be reasonable to illsure t[¡at the Owners Asso<.:ialiun maimains a public liability iusurau<.:e policy acceptable ill ¡(¡rJJl. amount, and exrc:m of <.:overage to Lender. E. Condemnation. The proceeds of auy award or claim for damages, direct or consequemiaL payable to lVloI[gagor iu uJlUle<.:tion with auy condemnation or other taking of all or a 11\' p:llt or dIe Property, whedler of the unit or of dIe commoll elemems. or for any conveyance in lieu or condenlllation, are hereby :lssigned and shall be paid (¡ I Lender. Such proceeds shall be :Ipplied by Lender to d]e sums secured by the Security Insmlll1eJ1l as pmvicled in Secrion 18. f. Lender's Prior Consent. !\'lortgagor shall nm except after n()[ice to Lender and with Lender's prior written consent, either partition or subdivide t]¡e Pmperty or COJlSe1Jl to: (i) l]¡e ab:JJldonmem or rermination of (lle Condominium Project or PUD, except for abandl)J}jlJem or rennination required by law in the case of substamia] destruction by hre or other c:lsua]ty or jn the case of a taking by condemnaLÌon or tmineJ1( dormlÍn; (ii) any amtnclmtJJt to allY Plllvisioll of the Coustituelll Documems if r]¡e provisio11 is for the ex.press bendït 01' Lender; (iii) tenninatioJ1 of professional managemem and assumption uj- self.m:lllagemem by lbe Owners Association; or (iv) any aclÎun whicl¡ would have the effèct of rendering the public liability insufClI1ce coverage maintainecl by the Owners Association unacceptabJe to Lender. G. Remedies. If Mortgagor does 110t pay cum ouuuillm or PUD dues ~mcl assesslllems wilen clue. rI]en Lender 111;;IY pay them. Any amOUJ1[S disbursed by Lender under this section shall bècowe additional debt of J'vlongagor secured by this Security lusrrumem. Ulùess !vlungagor and Lender agree to other terms of paymem, rhese amOU1JlS shalJ bear interest ÜOU] the da[C uf disbllrseJJlem at the Secured Debt rate and shalJ be payable, wiù] imerest. upon uorice from LeJJder to ivlortgagor requesting payment. 13. DEFAULT. tvlortgagor will be ill default if any pany obligated on the Secured Debt LliJs III make: paymem when due, IVlongagor will be in defaulr if a breach occurs under the terms of this Security lnsrnnnem ur any oÙler document ex.ecuted for tlie purpose of nearjng, securing or gu~n:lJ [ying the Secm-ed Debt. A good faiù] belief by Lender that Lender at any rime is insecure witl! respect to any person or emity obJigated on die Secured Debt or d¡at ù]e prospect of any paymem or the value 01' the Propeny is impaired shall also conslitute an event oj" default, H. REMEDIES ON DEFAULT. In s() ne instances, federal ami stale Ltw will require Lender [0 pJl)\'ide !vlortgagor wirh notice 01' the righr to cure or other notices and may establish lime scl¡eclules tllr foreclosure actiuJJs. Subject to tIJese limitations, if any, Lender may acceJerare the Secured Debt ~lIld ¡llreclose this Security InsrrumeJ]( in a manner proviclc:d by law if IVlongagor is in default. At the option of Lender. all or any part of ù]e agreed fees and charges, accrued imerest amI principal shali becume inunediately due and payable, after giving notice if required by LIW, upon the OlUJrreUCC of a defaulr or anytime ùlereaftc:r. In addition, Lender shall be emitlecl to all the remedies pHi\'icled by Jaw, the tenlls uf ùle Se<.:ured Debt, ù1Ís Security lllsrrumem and any related documems_ including wiùluur Jinùtatiun, the puwer !O sell tlJe Property. AU remedies are distillct, cumularive and not exclusive, and (be Lender is entitled to all remedies provided at law or equity, whether or nor expressly set turd]. Tl1e acceptance by Lender of any sum in payment or partial payment on the Secured Debt after the balance is clue or is accelerated or after foreclosure proceedings are Ii led shaU not Cllnstitllle a waiver of or WYOMING - MASTER FORM MORTGAGE LEWY4 [0403) Péige:4of8 20052277700223 (.', .-/~~. ,0 f'~J ~. , , { ; ...., ~~: ~~ 2 Lender's right to require cOlnpleœ cure of any exisllng ddau]¡. By !l0( exerClsmg allY rewedy on IVlungagur's default, Lender does not waive Lender's riglll [() later coIIsidèr t]¡e e\'èl1l ,\ deLlld t if it cominuès ur happem again. ]5, EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTlON COSTS. Except when prolJibiteel by Jaw, fvJongagur agrees lU pay a]j of LeJlder's expenses if :vlongagor bre,¡dleS allY COvellam in t]¡is Security Imtrulllem, rVlongagur will ,tlso pay OIl ckmand any anHJUlll incurred by Lender for insuring, inspecting, preserving or ot]¡erwise prCJtectillg the Property and Lellder's security imerest. These expenSes wi]] bear imerest frCJJ1l the date of t]¡e paymej}[ uJ][il paid ill full at the highest ¡merest rate in effect as pmv ideel in the terms of the Secured Debt. tvlortgagor agrees [( pay all COStS ami expenses incurred by Lellder ill collecting, enforcing (ir prllleeriug LemlerS rights and remedies under tl¡js Security Instrumelll. lllis anHIUlH may ÍJ¡L'luck, but is nOl liutited w. attomeys' fees, court costs, and other kgal expellses. This amOUlll does IIllt include a[[orJ}eys' fees for a salaried employee of the Lender. This Security InstrullleJ][ s!Jall rewaiu ill etleer until rele'lsed. JvIortgagor agrees to pay for any recordation cuStS of suclJ release. 16. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. i'\S used ill tliio section, (II Envin)lJllJelllal LI\I' meaI15. WitllOlll lillliratioll. tlle ClJ1l1prehellsjl'e Envin1lunelllal Rcspollse, Compensation alld Liability Act (CERCLA. 42 U.s. c. 9601 et see¡.), a III I all other feclc:raL State amI local laws, regulations, urelinallces, coun mders, attomey general upiniolls or illlerpre[ive klters concerning [he public healtlL s~lkty, welfare. ellvirolllnelll m ,I klzardous subsrallce: ,IUe! (2\ Hazardous Substance means any toxic, r~ldioaerive or hazardous JlJaterial, waSte. pollutam or UJI¡lantiuam which has characteristics which reuder the subs lance clange](Jus m plJtelllialJ y daugerous [() tile public healtlL safelY. welfare m eJJ\'irOlunem. The tenn inducles, without limitation. any substances cleiinecl as "hazardous mmeriaL" "ulx.ic substances," "hazarduus waSte." or "h;lzardous substance" under any EnvirolUnental Lall, JVJongagor represellls, warrants and agrees []¡at: A. Except as previously disclosed ami ackuuwledged in writing to Lender, JIl) ILtzaruous Subslance is or wi]] be ]ucared, s[()red or rele~lsed on or ill tile Propeny, TIÙs restriction does not apply to smalJ qualllities of Hazardous Subsrances tllat are genera1Jy rl~L'ugnizee! lO he appl(JjJri~l!l: for [lie llorllJal use and maintenance of tlle Property. B. Excepl as previously disclosed and ackJlowledged in writing to LeJlCler, !'v[ortgagor and every lenalll have been, are, and shaU remain in full compliallce with any applicah1e [mi](JllJnelHai Law, C. tvlortgagur shall immediately uoti1)' Lender if ,I release or ¡[¡[eateHed release oj a llazardollS Substance occurs OU, under or about tile Prupeny or there is a violation of allY Em'jroJlII¡ental Law concerning the Propeny. In such an nelll. fvIongagor shall take aJl ueces:;ar) relnedial aujon iu accordance with any EnvirmunelUal Law. D, !vlongagor shall i l1unediatel y uotit)' Lender ill writi ng as SOO]] as JvJortgago r lias reaso n [() believe t[¡ere is any peuding or threatened investigation. dai1Jl, m proceeding reLt¡jng [I) tile release or threatened release of any Hazardous Substauce or tll': viol~l¡iou of an) EnvirulU]]elllal Law. 17. CONDEI\INA TION. !,,]ortgagoT will give Lt~nder prompt notice of all) penuing or threatened aerjon, by private or public emities to purcltase or rake any or all 01' Lile Property tijf()ug]¡ cOlldeml1;tliolJ, eminem dumain, or any other means. JV[ongagor autlj(¡rizes Lender [(I imenelle in J'vJongagor"s nall1e in auy uf the above desLTibed actiollS or claims. IvJongagor assigns [0 Lellckr ¡]¡e proceeds oj allY award ur claim for damages cOlUlected witl! a cOllCknuraLÍol1 or other ¡¿¡king ()f all or ~IIIY pan of t]¡e Propeny. Such proCèeds shal1 be cunsidered paymems and will be applied as IJrovic.led ill tiÙs Security InstrullIem. This as:;iglJJnem of proceeds is subject (() [he terms uf any prillr IIlongage. deed uf trust. WYOMING - MASTER FORM MORTGAGE LEWY5 [04031 F'age 5 of 8 20052277700223 ,~1~' r, :""'. t- ~"'-)...: r¡ , ; ~. : .: u 23. Securiry Instrument directly coullicts widl any section of the: rc:voJvj¡¡g line of credit agreemeJ1l or promissory j]()[e refc:rellced in SeclÌon 4. dle terms ;ind conditions of the revolving lint of credit agreemem or promissory note (as applicahk), d¡e arhirralÌon agreemelH ami tile agreelllem to provide auree11lenl or promissory note (as applicable), the arbÌlration agreelllellt and the agreelllell[ to provide tJc)()d/property insurance:, all of which] agree to by signing this Securicy Instrument. the lel1nS and coudicious of said doculllentS and nOt the Se:curity InstrUllle:llt shall COJ1[ro] , NOTICE. Dnkss odlerwise: rc:quired by law, any notice: shall be given by de]jve¡ing it or by ¡nailing it by 1irst class mail (() the appropriate: party's addre:ss on page: I of ¡liis Security lnStrulllent., or as shown in Lender's records, or to any odle:r address designaIe:d in wrilÌng, \\1 AIVERS. Except (() the êXœJ1[ prohibiœd by law. Mortgagor waives ami right rc'L'arlli ng dIe lllarshal!inu of hellS and assets. and !Jereby rdeasinL' and \\'aivinu all rluhts unda aull b\ vinue of the 11lIInestead-e:xemplÌon laws of tilis staœ.' - - - . OTHER TERMS. If checked, die following are applicable (() this Security luStrUlJlèJ1[: ŒJ Line of Credit. The Se:cured Deb[' includes a revolviug jine: of cre:dil provision. Althoug]l the Secure:d De:bt Ulay be re:ducc:d (() a zero balance, d]is Se:curicy 1l1Strullle:J1l will rèmaiu in e:ffe:ct until rdease:d. D Construction Loan. This Securiry Instrurne:nt stcures an obligation incurred for tilt cOl1Structiml of an improve:me:JH on the' Prope'rty. D Fixture Filing. !vIortgagor grams to Le:uder a se:curity illte:rest in all goods lllat fvlongagor owns now or in the: futme and lllat are or will become: fixtures ¡dated [() tIJe Property. This Security IIlStrume:m suttices as a tin:mcing state:nJent aud auy carbon, pllOlOgr;¡phic ()r o[IJer re:production Illay be: tiled of rc:cord fur purpuse:s of Article 9 of tlie Uniform Comme:rcial Cude. D Additional Terms. 24. )- -::'I. SIGNA TURES: By SiL'llÎll!.' beluw. J'v!ortL'a!.'or aL're:es to ùle terms and cove:n:UllS L'Ol1tailled in [IJis Security IUS[rumelll and in' any at~jcI] nc:nts. f,,]()ngagol:- ajsu ackuowkdge:s receipt of a copy oj tliis Se'curit)· Iustrumem un llle: date: stated UIl page: I. /1 -j//' __-/f:/' "/ ..;1 <._~ </ /,. ".S ,,') .L.- ¡"-- . _ ;"-)/ ,/a..,./-::"f',i'.t' ...:.:;.._:?-:;:' /1' F..../!-O~ ~,\" \, }., tdongagür Date i'dongagor R. I~ICHAEL LEE II' r \.i. 'c ('-. C-"'~_·, J/)jJ" / -~ II r; <, ,/ ( ! )', ... 1'-../ . I l...--, U"le PATTI D. LEE l\'longagor [¡:tIt J\ll\ngagor ]"I"IL -~------ t--Jorigagor nail': \Jll!-¡gagor Uale Ì\'lortgagor ¡Jalt f\' (H'lgagur n:tle WYOMING· MASTER FORM MORTGAGE LEWY7 10403) FJdge 7 of 8 20052277700223 ACKNOWLEDGMENT: (lndi vidual) STA TE OF WY COUNT)' OF L í nco 1 n The foregoing instrument was ack]]()wkdged bdÖre me by R. HICHAEL LEE, PATTI D. LEE ùJis 31ST day of o c::-r 0 f3E"'~ Witness my hand and ofticial seal. &~:J.- 0L{L~ Ù (SiguaLUrt nf Officer) No rnrz-,-¡ putS LI C- , (Tillt of Ollictr) JVIy Commission Expires: (o fs-IZD[)o¡ I I C'< ;~~~:;3\:ìZ~~I,~è~;;'{"2:T~ \ , (;'''''','1, , {J."..,',,",.~,. v, ,,-,,;.u.J ,.' . . ' ) I.·-J., . ~'. l/;(.,~irt ._,:0: ,., (cJo:::- l'l¿;C~~' ,( t~t~':t~:~~~~~~~·~::;-~~"'.J WYOMING· MASTER FORNI MORTGAGE LEWY8 104031 Page8of8 '2.DO S- ¡Seal, l:, Î'. P'\.j 10: r.. '" ,I '" ¡ , ~) 20052277700223 '- ,'-, .' - \::.1::.i.;j ('. (... r' t·~,') ... ,¡ u Ex'hibit "A" Lot 32 of Southbrook Ranches Subdivision, Lincoln County, Wyoming, according to that plat filed September 5, 1990 as Plat Nos.335-1 and 335-2 in the Office of the Lincoln County Clerk. This Real Estate Mortgage is second and subject ONLY to a First Real Estate Mortgage recording concurrently herewith in favor of Wells Fargo Bank, N.A., dated Octboer 31, 2005, in the original amount of $200,000.00.