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Home My WebLink About914039 .i r' ,-, I 1"1 'G' . :,)~..~ 40. RECEIVED 11/29/2005 at 4:12 PM RECEIVING # 914039 BOOK: 606 PAGE' 176 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Slale of Wyoming Space Ablin Thb Line For Rel'ordillg Ibla 1\fORTGAGE (Wilh FulUre Adv'1nce ('I'1USe) 1. DATE AND PARTIES. The d'1le of this tvlorlg'1ge (Securily luslrumenl) is ,1.J.-.1A?QQ?.. parties, their '1ddn:sses '1ud t'1X idenlific'1tiuuuumbt'rs, if rt'lluin:d, art: as follows: . . . . . . . . . . and Iht: t-oIORTGAGOR: SAMUEL WARREN PO BOX 974 AFTON, WY 83110 D If checked, refer 10 the aUacht'd Addendum incorporated haein, for addilional l\fOrlgagors, Iht:ir signaturt:s and ackuowledgments. LENDER: THE BANK OF STAR VALLEY THAYNE BRANCH ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF WYOMING P,O, BOX 928 113 PETERSEN PARKWAY THAYNE, WY 83127 2. CONVEYANCE. For good aud valuable consideration, the receipl and sufficit:ncy of which is <lckuowkdgt'd, and It) st'cure : the St:cured Debt (defint'd below) and Mortgagor's pt:rformanCè under Ihi~ St'curily luslrullJCUI, !\Iortgagor granls, bargains, convt'ys, mortgages and warrants to Lcnder, wilh power of s'1k, Ihc fllllowing dcscribcd JftJpcrly: SEE SCHEDULE C ATTACHED HERETO AND MADE A PART HEREOF ,"' '~"'- /- ( I i.{ " /1·..i' ~__~, v' The properly is localed ill "'......,...,.,,., . . . . . . . . . . . . UN,ÇOlN (('¡.uuly) 'II ,JA Y,~Qß ~ANç, ,........... ........... .............,............... .............) ........ ,.F4I.~VI,~W."" ,..,""""',.,', Wyml1ing (CilY) "",~m.~ (ZII' (\x]c) (A¡J¡Jre~s) Together wilh all rights, t'asements, appurtenances, royallies, mineral rights, oil and gas rights, all water amI riparian righls, ditches, and water stock and all existing and futun: improvements, slruClures, fixtures, and replacemcnts Ih'1l may now, or at any time in the future, be part of the re'1l eslate describt:d abovt: (all rdárt:d 10 as "Propt:rty"). 3. MAXIl\lUI\l OBLIGATION 1. Il\HT. The total princip'1l amllunl st:cured by this Sn:urÌly InstrulIlt:llt at any olle till Ie shall lIul exceed $ P..Q.qq'.qq"""",.".""".""""..,." , This limitaliull lIr alf}(luut ducs uul include inkrt:st aud lIlhn fees amI charges validly made pursuant to this St:curily Instmmenl. Alsu, Ihis limitatiun ducs not apply to advanct:s lJladt: under lhe lerms lIf this Security Instrument to protect Leuder's security and tll Jt'fform auy uf lht: COVt:llèln!s cllntained in this Securily Iuslrumeul. 4. SECURED DEBT AND FUTURE ADVANCES. The krm "Secured rkbt" is ddïued as rolluws: A, Debt iucurred under Ihe terms of all prulJlissory lIok(S), cunlraCl(s), guaranly(s) ur ulher evidt:nct: lIf debt described below and all IIIt:ir extensions, rt'uéwals, llllldiricatilHls or subslitutillns, (When referencing Ihe de/Jt.r below il is sllggesled lIlal )'011 inelllde itell/s slIch as úorrowers' nall/es, nolI' all/olin Is, illleresl raIl's, !/Jatl/rity doles, elc.) ONE PROMISSORY NOTE DATED 11,14051N THE AMOUNT OF $52,000,00 WYOMING· MORTGAGE (NOT FOR FNMA, FHLMC, FHA OR VA USE I (¡)d!)/! ¡ of 4) @1994 B.mkars Sy~tam::õ, Inc., St. Claud, MN (1-800-397234 J) Form liE M·I G-WY 11·' 18,194 --- '" ,"-~~ f1 ~- 1 ~~ ' ~- ; .~i :_ .j, j ,_,1) ....:.). ,". :ì (ì : ~'/ 1'1 "J t . _'-- . . 11, All future (jdvances frnm Lender 10 Morlgag(¡r or Olhl:1 futule ohligations of Mortgagor 10 Lemler undel ~!IIY prnll1issory note, contract, guaranty. or other evidence of debt executed by I\tortgagor in L1Vor of Lendel cxecu(l'd aHer this Seculity Iu~trument whether or !lO! this Seculily Instrumenl is spl:l:ifically lefcrl:nced If mnre than one persou sigus this Securily Instrument, each Mnrtgagor agrl'l:~ that this Security Iuslfument will securl: all futule advances and fulull: "hligatinns Ihat are given to or incurred by any nne nr Illilre t-.tilrtgagor, Of ¡¡uy onl' IIr IlIdn: !\1nrlgag"r and IIlhLIs, All future advances and other future ubligations (jre sl'Cufed by Ihis Security Instrument even 1Ililugh all "r pall llIay u"t yLl he advanced :\11 future advances and other future nhligatillns are secured as if made nn Ihe dale "I' ¡his Securily Instrulllent. Nothing in this Security Instrument shall cnnsliture a COHllllitmenl II) makc additional "r future l"aus or advanl:es in auy alllnuul. Any such commitment must be agleed to ill a separate wliling. C. All obligations Mortgagur owes to Lendel, which may later arise, tn the extent not prohihited by law, including, hut not limited tn, liahiliti¡:s fnr overdrafts relating 10 any deposit acwunt agreement between Mi¡rtgag"f amI Leuder. D. All ¡¡dditional sums advanced and expenses incuIIl'd hy Leuder fnr insuring, pleselving nr dlherwisl: pwtecliug the Prnpelty and its value and any othel sums advan!:t::d ¡¡nd expenses incurred hy Lender under the !elms "f this Seculity Instlument. 'fhis Security lnstrument will not secure any other deht if Lender fails to give any rl'lluired notice of the right of lèScission, 5. I) A YMENTS. MOltgagi)r agrees that all p~jymeulS under the Secured Deht will be paid when due and in acwrd,illce with the !elms of thc Sccured Debt and this Security lnstnJllwnl. 6. I)IUOR SECIJRITY INTERESTS. With rcgard to any olher HHlngagl:, dn:d uf trust, securilY ~Iglù:rnent III' ulher lien doculllcnt that created a prior securily interest or o:nculllhrance ()n the >n>peny, f\1urtgagur agrees: A. To make all payments when due and to perfurm or cumply with all c()vo:nans, ß. To promptly deliver to Lender any no!Îces thai Mortgagor receives frmll Iho: h"lder. C, Not to alluw any modification or exlo:nsion uf, nilr lu rcquest any future advanccs under any nulo: or agrl:efllo:nl securo:d hy the licn document without Lemler's prior wrilten consent. 7. CLAIMS AGAINST TITLE. Mortgagür will pay all taxes, assessments, liens, encumbrances, lease payments, gwund rcnts, utililies, and other charges relating to Ihe Propcrty when due. Lender lIIay requiro: M,)rtgagor 1<) pr,,\'ide tu Lender c"pies of all notices that such amounts are due and the receipts evidencing Murtgagor's payment. MOrlgagllr will defend titk I" the Property against any cIairns that would im[lair the lien of this Security Instrument. Mortgagor agrccs 1<1 assign to Lemler, as "reqnested by Lender, any rights, claims or defenses Mortgagor may have ag~1Ínst panics wh() supply lah"r ur materials In maintain ur irnprove Ihe Property, 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its oplion, decl¡¡re thc entirl: halance ur the Sccured lkht 1<) he immediately due and payable upon the creation of, ur c()ntract f"r the crc¡¡tiun uf, any licn, encumhrance, Iransfcr ur s¡¡1c (If the Properly This right is subjeCl to the restrictions imposed by federal law (12 C I;, R, 591), as applicable, This covenanL shall run with Lhe Properly and shall remain in eITect until the Secured Debt is paid in full and this Sccurity Instrulllent is n::leascd, 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep Ihe Prupcrty in good Cl)nditilin and make all repairs that are reasonably necessary, M,)rtgagor shall nut commit or alluw any waste, imp~jilll1ent, or deterillraliun (¡J the Property. Mortgagor will keep the Property free "f noxiuus wecds and gr~1sscs rvl"rtgagor agrees Hl¡¡t the nature of the occupancy and use will not subst¡¡ntially changc withuul Lender's prior wriHen cunscnl f\lortgagnr will not permit any change in any license, restrictive covenant or easement withuut l.endn's prior wrilten l'()nsenl. Mortgagor will nutify Lender ur all demands, pwceedings, claims and actions against Mortgagor, and "f any loss or damage to lite I'n)peny, l.ender or Lender's agents may, at Lender's option, enler lhe Property at any reasonable time for the purpose ur inspccling the Property, Lender shall give Mortgagor notice at the time of or before an inspection specifying a reasunahle purpose fur Ihe inspection, Any inspection of the Property shall be entirely for Lender's benefit amI Mortgagor will in no way rdy on Lender's inspection. 10. AUTHORITY TO I)ERFORM. If Mortgagor fails 10 pcrfonn any dUly or any of the covenants contained in this Sc'Curity Instrument, Lender may, wilhout nUlice, perfonn or cause them to be perf..rlllcd, M"rtgagor appoints Lemler as 'tourney in fac! to sign Mortgagor's name or pay any amount nccessary fur performance, Lender's right lu pl:rfurm f"r 1\1urlgag"r ~j¡all not create an obligation 10 perfuon, and Lender's failure to perfurm will nut preclude Lemler frunl exercising any of Lendl:r's other rights under the law or this Security Instrument. If any constructiun on the Property is discontinued or nol carril·d on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, induding completion of the construction. 11. ASSIGNMENT OF LEASES AND RENTS. Mortgagor irrevucably gr~l1Its, bargains, eunl'eys, mortgages and warr~tnts 10 Lender as additional security all the right, title and interest in and t" ,lilY and all existing or future leases, suhleascs, and any other wrilten or verbal agreements fur the use and occupancy of any porti..n ¡¡I' [he Property, including any extensions, renewals, modifi::;ati()Bs or substitutioBs of such agreen1':n!s (aB referred to r.~: "Le¡¡ses") and rellis, iSSUt:s and prlllïls (all referred to as "RenLs"), Mortgagor will promptly provide Lender with true ¡¡nd currect copies of all o:xisting and future Leases, Mortgagor may collect, receive, enjoy and use the Rents su long as Mortgagor is not in default under tile tenns "I' this Security Instrument. Mortgagor agrees that this assignment is imrnediatdy dleuive between the parlies to this SecuriLy Inslrumenl. f\lIIrtgagor agrees that this assignment is effective as to third parties when Lender lakes artïnn¡¡tivc aetion presl:lihnl hy law, and that this assignment will remain in effect during any redemptiun period until the Secured Deht is satisfied, Murtgagor agro:o:s that Lender may take auual possession uf the property without the necessity of commencing legal action and that actual pussessiun is deemed to occur when Lender, or its agent, notifies Mortgagur uf default and demands thaI any Lenant pay all futnre Rents direclly to Lender. On receiving notice of default, Mortgagor will endorse and deliver t" L..:nder any payment of Rems in Murtgagor's possession and will receive any Rents in trust fur Lender and will n"t commingle the Rents wilh any uther funds, Any amounts collected will he applied as provided in this Security lustrurnenl. f\turtgagur warrants that nl! default exists under th..: Lcases or any applil:abJe landlord/tenanl law, Murtgag(,r also agrees 10 maintain and require ¡¡ny knanl to cllluply with the knns of the Leases and applicable law, (paye 2 of 4) 1'01994 St.Claud,MN tl-800-3972341 füfmRE-t.1rGWY , d~~) nJ~ (" 'I ('. : I'" .) ·.I~:,;j_{U 12. LEASEHOLDS; CONDOJ\llNIlJMS; PLANNED UNIT DEVELOPJ\1ENTS. fvlUrlgag"r agrees to cumply wilh the provisiolls of auy lease if this Security InstrUI1le.:nl is un a kasdwld, If thL' {'('PL"rlY includes a unit in a c('lIduwinium ur a planned unil development, Mortgagur will perfurm all of MUrlgagur's duties under Ihe cove.:nants, by Llws, ur regulaliuns uf the condominium ur plalllled unit developme.:nt, 13. DEFAULT. r\10rtgagor will he.: in ddault if any parly obligakd ¡)!l the.: Sccured Dcbl rails {o make payulelll when due, Mortgago{ will he in ddault if a hre.:ach occurs unde.:r the !erms of Lhis Se.:curity I nstrul1lenl Ilr any olher ducumelll exe.:cuted for the.: purpnse.: of creating, securing or guarantying the Se.:cured Deht. A good faith bclief hy Lender lhal LL'ndL'r al any lime is insecure with re.:spect to any person or entity ohligalL:d on the Secured Dehl (Ir thaI !ht: prospect of any payment or lhe value of the.: Property is il1lpaireu shall also constitute an even! of ddaulL. 14.REJ\1EDIES ON DEFAUloT. Tn some.: instances, feueral anu state.: law will rcquire Ixnder 10 proviue 1\10rlgagor with n"lice of the.: right to cure or othèf notices aud may establish time scheuules for fure.:clusure actiuns, Subject to Ihesc lilnilaliflllS, if any, Leuder lIlay accderale the.: Secured Debl anu forecluse.: this Security Instrumen! in a manuer pmviued hy (¡¡ w if 1\ lorlgag,)r is in default, At the optiou of Lender, all or any part I)f ¡he agreed fe.:es and charges, accruL'd inteft:st and principal shall becolJJL' immnliatdy due and payable, ana giving notice if required hy law, upon Ihc uccurrence of a uefault ur anytime.: rhe.:reafkr In addili¡)l, Le.:nuer shall he emilku tu all the remeuies proviucu by law, thL' terms uf thc Sccured j kbl, lhis Securily Instrulllent and any rclateu documents incluuing, withl)ut limilatiun, thc power Ii) sell the.: Property All rClunties are distinct, cUlnulalive amI WII e.:xclusive, and thc Le.:nua is entitled In all remeuie.:s pw\'ideu al law (lr nluilY, whclhL'r or nut expressly set fnrth. The acceptance.: by Lenuer of any sum in payme.:nt or p<Hlial paymenl ¡¡n Ihe Secured Debt aÜn IIIL' balancL' is due (Iris accderated or after foreclosure proceedings are file.:d shall 11111 cnnstitule a waivL'f uf Lender's righl tn require c(lmplcit: cure nf ,lilY exisling ddauh, By not exe.:rcising any remedy on Mortgagor's default, Lender does nut waive.: Lender's righl 10 laler consider Ihe e.:venl a default if iL continue.:s or happens again. IS. EXl'ENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS, Except when pn,hibiled hy law, Mortgagor agrees (u pay all of Ixnda's expenses if 1\l(1rtgagnr hre.:aches any c()ven¡lIll iu Ihis SeClllity In~lrUlllenl. Mortgagor will also pay on demand any alllnunt incurreL! by Ixuder f¡)r iusuring, inspecting, preserving or otherwise protecting Ihe Propt:rty and Lenuer's se.:curity interest. These expL'nst:s will hear inkrest I'rulll Ihe dale ()f the.: payment unlil paiu in full al the highest inlerest rale in effect as pruvidcd in Ihe lenns ,¡. lhe Secured Debt !\I,)rtgagor agre.:t:s III pay all CI)SIS and e.:xpe.:nses incul1ed by Lende.:r in colkcting, e.:llfurcing or protecting Lender's righls aud reJlJcdics under this Security Instrument. This a¡¡wunt may incluue, but is not limited 10, reasonabk a!l(lrneys' fees, (;(lul'l cos!s, alld lither legal expl'lJse.:s, This amount does nut include atlorne.:ys' fte.:s for a salarit:d employee of the Lender. 'rhis Securily InslruJJlent sh~dl ILïllain in efkct unlil rekased, Mortgagor agrees iii pay for any re.:coruation (;(Ists of such rdease, 16. ENVIRONJ\1ENTAL loA WS AND HAZARDOUS SUBSTANCES. As used in Ihis secli('IJ, (J) 1:II\'iIlJlllllenlal Law means, ,without limitation, the Comprehensive Envin)l!IlIelJlal J(e.:spunse, ('ompensatiolJ and I iability Act (I 'liW 'lA, 42 II,S,!'. l)(,(1 et se'1')' and all lither fed e.: ra I , stak anL! hJcal laws, regulations, ordinances, Ulurt IIrders, a!lof!ley glïlcral opillions (Ir interpretive.: lellers cnncerning Ihe public heaHh, safdy, welfare.:, e.:nviuJlune.:nl nr a hazardous subslance; and (2) Ha/ard,)us Substance means any toxic, radioactive or hazardnus malerial, wask, pollutant ur contaminant which has characteristics which rende.:r the suhstance dauge.:rous or pUknlially dangerous to the puhlic he.:ahh, safely, welfare.: or envimnme.:n!. The Ie.:rm iucludes, without limitation, any suhs(anœs defined as "hazardous maleriaJ," "toxic substances," "hazardllus waste.:" or "hazardous suhstance" under any Enviwnmental Law, Mortgagor represents, warrants and agrees thal: A, Exœpt as previuusly uisclllscd and ackahlwkuged in writing Ii I Lendn, J\(I HaL ardllus SubSlance is IIr will be !ocate.:u, stored or release.:d on or in the Pruperty This re.:striction does nlll apply Ii) small Lluaulilies DI' Ilazaruuus Subslances Ihat are ge.:ne.:rally recognized to be apprupriate for the.: nUlïnal use aud maiulenance 01' Iht: Pruperty, B. Exce.;pt as pre.:viously disclosed and acknowledged iu wririllg In Lcnder, Mortgag"r and every kuaul havL' beeu, are, and shall remain in full compliance wilh any applicahk ElIvirlllulleulal Law, C. Mnrtgag,)r shall immediately nuliry Le.:nde.:r if a rckd~e ur IhrealCned releasc ur d llazarduus Suhslancc ()ccurs un, under or about Llle Propc.:rly or thne is a violation nf any ElIvil<)nmental Law concerning the Propnly, In such an evenl, Mortgagur shall t,¡ke all necessary rellle.:dial action in accDrdance wilh any Envil<JlIIIJL'Illal Law, D, Mortgagor shall immediately nolify Lelllkr in writing as soun as Mortgagor has reason 10 hdicve there is any pending or threatened investigation, claim, or pmceeding relating to the.: release or thrcalentu release of any Ila/alduus Suhst¡¡nce or Ihe.: viulatiun of any Environmental Law. 17. CONDE1\1NA TION. lv[ortgagnr will give Le.:ndc.:r prompl !HIt ice.: of any penuillg or Ihrc;¡lcnnJ act iun, by private (,r puhlie entities 10 purchase or take any or alluf the Property through lundemnaliun, elllinenl d(llIIain, or any IIlher nleans 1\1'lrlg¡¡gur authnrizes Le.:nu¡;¡ In intervene in Murtgagur's name.: in any ()t' the ahuve.: describeu actions Dr claims, J\orlgagllr assigns lu Le.:nuer 11le.: proce.:e.:ds of any award ur claim for damages conne.:cte.:d wilh a cllnue.:nllJaliun or olhcr laking ()f all or any pall "f lhe Pwperty, SUcll procee.:ds shall be c()usidereu payments and will be applieu as provide.:d in Ihis Security ¡mlrumeu!. This assignment of proceeds is subject to the.: terms of any prior n\()rtgage, uecd or [rust, security agreemelll or olher lien documeul. 18. INSURANCE. Mortgagor shall keep Property insured agaimt kIss by fire.:, Ilolld, I heft and olhn l¡alards and risks reasllnahly associate.:d wilh the Property due.: to ils type and location, This insurance shall he mainlained in Ihe.: amouHls and fur Ihe perillds thaI Lender re'luires, The insurance carrier pl<widing the insurance sh;dl be.: chosen hy Mortgagor subject 10 Lender's approval, which shall Iwl he.: ullleasouahly withheld, If Mortgagur fails to mailllain the cuveragL' descrihe.:d ahove, ¡cuder may, at Lender's option, obtain coverage.: to protect Lender's rights iu ¡he Property according [D lhe lerllls of [his Security 11I~lruulull. All insurance.; policies and renewals shall be acce.:pl;¡ble to Lender and shall include a sl;lIluard "mortgage clause" anu, where applicahle, "loss payee clause," Mortgagnr shall imlIlediatdy notify Le.:nder or cancellalion or Ienl1ination ul' the insurance, Lenuer shall have.: Ihe right to hold thc policies anu renewals, II' lcnuer rt:lluires, 1\10rtg;¡gor shall iUJJI1L'uiately give ¡., Lendèr all receipts of paid premiums and ft:newal notices, IIpon loss, 1\1()rlgagor shall give.: imlJJediak nul ice tu Ihe insurallce earrier and Lender. Lender lIIay makL' proof of luss if nul made imllli:di;¡[d/ hy Morlgagor. lInkss otherwise agree.:d in wriling, all insurance pwceeus shall be applied 10 the.: restoraliul1 ur repair uf Ihe Pr"perl)' ('r (¡) Ihe Secured De.:ht, whether or not then due, al lender's opLion Any application of proceeds lu priucipal shall nDI exknd or (¡).J!Jt} .9 of 41 <01994 Bonk.rs Syst.ms, Ine" 51. Cloud, MN {1800'397"23411 Form fiE MTG WY 11! 1 8:94 -'- ;,. , -...... ·-"r ir[') ,1,:) ,.., ,~ (' " t') 8 '" ~,;!:i . . \, -.... postpone the due dalt: of ¡he s¡;hcdukd payment oor change the amoulIl <11' auy IU)'lIlent. ¡\ IlY excess will be paid to ¡he Mortgagor. If Ihe Property is aClluin:d by Lender, l\ortgagor's right tn dllY illsurance pnli¡;ies alld pr<lcL't'ds resullillg rWIII damage 10 tllc Property before the acquisitiun shall pass 1<) L:ndèl I<¡ the extenl of Ihe S.:cur.:d Debt illlmedidldy bef<lre ¡he acquisition, 19. ESCRO'" FOR TAXES AND INSURANCE. Unless otherwise pruvided m a separak agreement, Mllrtgagor will nOI be rnluired to pay 10 Lellder funds for taxes alld insurance in escruw. 20. FINANCIAt REl)ORTS AND ADDITIONAL DOCUMENTS. Mnrlgagllr will provide 1<) Lellder upnn rnlllest, ,IllY financial statement or information Lender may deem n:asollably necessary, M'Hïgag"r agrLes to sign, delivt:r, alld tile ;1I1Y 'ldditioI1id documents or cerlifications that Lemler may ¡;onsider Ile¡;essary to pt:rfed, ¡;olllinue, and prest:rvt: l\1orlgagl)r's obligations under Ihis Security Inslrulllent and Lender's lien stalu~ on tht: PwperLY. 21. JOINT AND INDIVIDUAL UABILITY; CO-SIGNERS; SlJCCESSOHS AND ASSIGNS BOUND. All dulies ullder this Security Instrument are joint and iodividual. If Mortgagor signs this Security Instrument but does not sign an eviden¡;e or deht, Mortgagor does so ollly to mortgage MOrlgagllr's illterest in the Property lu secure paymenl or Ihe Secur.:d Debt dnd Mortgagor dot:s 11,)1 agfl::t: to be persuually liable un the Secur.:d Ikbl. If Ihis SL'¡;Ulity IIISlrUIIIL'lIt s.:¡;ur.:s a guaranly !wlwecn Lemkr and Mortgagor, Mortgagor agrees to waive any rights thai JIldY prevL'nl Lemler from hringing allY adi"ll or claim against Mortgagor or any party indcbled under lhe ohligdtiou, These rigllls may illcllllk, bUI arL' 11(.1 lilniled to, any allti-deficiency or ¡¡ne-action laws, Mortgagor agre.:s that Lender and auy pany tn lhis Security luStrulllcllt lIIay eXltud, JlJlJllify or make any change in Ihe lerms of this Security Iostrumeut or any evidence of debt Wilhuul Mortgagor's cnnsent. Such a chaoge will not rdease Mortgagor from the tenns of Ihis Security Imtrumenl. The duties and b.:ndÏts of ¡his Security Inslrumelll shall bind and beuefit the successnrs aud assigns nf Mnrtgagor and Leuder. 22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This SL'curity Instrument is gnvernLd by the laws ,,1' tht: jurisdic!ion in which Lenda is Im:ated, except !O the .:xt.:nt otherwise !üluircd by Ihe laws of the jurisdictiull \Vherc (he Properly is located, This Security Instrumellt is comple!.: and fully inkgraled Thì~ Se¡;urilylnstrument lIIay lIot be alllelllkd or modified by oral agreement. Auy sec!ion in this S.:¡;urity Instrument, altacl¡¡neuts, or any agreelllelll rdiltnl to the SL'culTd Debt that connic!s with applicahle law will nut be effediv.:, unless lhat law expressly Ill' impliedly perllJi¡S the v¡¡riatiuus by written agreement. If any sec!ion of this S.:curity Instrument call1ll)t be enforcLd acwrding to ils terms, that sect inn will be s.:v.:red and will lIot affect the enforceability "f Ih.: remainder uf this Security Instrumelll. Wh.:nt:ver used, the singular shilll include the plural and th.: plural the singular. The captions and h.:adings of [he sections uf this Security Instrulllelll are for c()nvenience only and are not to be used to interpret or ddÏn.: the terJlls uf this Security Instrumcllt. Time is III' Ihe eSSL'llCC in this Security Instrument. 23. NOTICE. Unless olherwist: required by law, allY nolie.: shall be given by delivering it or by mailing it by rirst class mail to the appwpriak party's address on page I of this Security Instrument, or lu auy olher ,Hldress desiguillL:d ill wrilillg Nlllice 10 on.: mortgagor will be deemt:d to be notie.: Lo all mortgagors, 24: 'VAIVERS. Except to rhe extent prohibikd by law, Mortgagor waives any right r.:ganling the marshallillg ()f liens and assets and all homestead exemption rights relating to the Prop.:rty, 25. OTHER TERl\1S. If checked, th.: following are applicable 10 this S.:curity lustnHueOL: o Line of Credit. The Secuœd Debt iucludes a revulving lin.: of credit pmvi~ion, Although ¡he SL'Lured lkbt may b.: reduced to a zero balance, this Security Instrument will remaill in dlccr ulllil released, o Construction Loan. This Security Instrurnent stcures an obligatiun illcurreJ fur the wlISlruc!ion uf an improvement on the Property. o Fixture Filing. Morlgagor grants to Leodn a security inlLrest in all goods that Morlgagor IJwn~ now or in the future and that are ur will become fixtures rdaled 10 lh.: Pwperty, This Security Inslrumenl suffices as a financing statement and any carbon, photographic or other fcproduclion lIlay be filed of rt:cllrd fur purpllses of Article 9 of jhe lInifurm Commercial Code. o Riders. The covenants and agreements of .:ach of Ihe riders checked below are incorporated inl<) and supplement and amend the tenus of this Security Instrument. [Check all applicable boxes] o C\)ndominium Rider 0 Plann.:d Unit D.:velopment Rider 0 Other."",.."""",."",..,.,." o Additional Tenus. ................ SIGNATURES: By signing bdow, Mortgagor agrees to the terms aod cov.:uants contaiued in lhis SLcurity Instrumcut and In any altaclun.:nts, Mortgagor also acknowledges receipt of a copy of this Security Instrument 011 the date stated IHI p<tge I, ·~/.¿""',W~_n~_'",.,' (Sigllalllre) SAMUEL WARREN ((Jale) ............... (Sigllalure) (lJale) (lllJi\'idua1) ACKNOWLEDGMENT: STATE OF WYP.tv1!~L.n......'..' ....,.., COUNTY OF ~!~çm~.., ,.....,...,} ss, ~;'i;~~;~'l";~~~~t" """'Wledg'd. I'd 0" m, 1 I' ¡, . ..14T8.. J,/,Y o¡ NaY¡"8'; lOG' . . . . . . . . . . My ~O:~';:)~:\~~:~f~:~'~'F~;;;J"]~ /~?b(. .~¿Sè",,~þ¿L- }) "II).' '" lei .-.\...~ \ "':/.1', ",; r¡';"s~, SIAn:. OF ¡) ., Li",()",! ~~J~'~! Wíl'i/'IHG i ( ¡,,';Y ~~ \ "11..'1:'01: ~;-;·)tn.J I,:;) HF..:F;S JUt'-le 14. 20ÙtI \ , . .. ::~,';=, ',::,,~~:;,~::"':;":;',,-"::.:;:::.:::;:-- >gì 1994 51 Cloud, MN t }-800-397-23411 FOlln fiEMTG-WY, (¡)dUe 4 of 4) · OCT-04-2005 14:23 SOUTHWEST TITLE CO 307 877 9602 P.08/09 ", ( \Ii ""'n"~Ü -.I _ 'i.i'~..i',..j~ ,-, .... : ! 1 '~.il~ ,-') (') I.. ',) t./ -:. \~ t... AL T A COMMITMENT - 1982 - wy Commitment No.: FA 13683 OM SCHEDULE C The land referred to in this commitment is situated in the State of Wyoming, County of Lincoln, and is described as follows: That part of the E~SEU of Section 141 T31N R119W of the 6th P.M., Lincoln County I Wyoming I being part of that tract of record in the office of the Clerk of Lincoln County in Book 283PR on page 80 I described as follows: BEGINNING at a point I S 89Q38/44" W, 1143.47 feet, from the southeast corner of said E~SE~i thence N 00°04'22" EI 1333,68 feet to a point under an existing , east/west fence line; thence N 89°40'01" EI 489.6 feet I more or lesSI along said fence line I to the approximate thread of the Salt Riveri thence coursing along said thread as follows; S 34°11/09~ E, 296.5 featl more or less; S 29°23/01" WI 130.5 feet, more or less; S 59°14'49" WI 123.8 feetl more or lesSi N 58°12'25~ WI 208.0 feet, more or less; S 61°~9/17" WI 41.6 feet, more or lessi S l0047/36~ WI 118.8 feet, more or less; S 25°05'11" EI 230.7 feet, more Or lessi S 02°28/30" EI 132.9 feet I more or Iessi S 15°03'44" E, 214.7 feet, more or less; S 50°48/45" WI 257.3 feetl more or less; S 04°05/16" E, 174.7 feet, more or less, to an intersection with the south line of said E~SE~i thence S 89°38/44" W, 224,3 feet, more or less, along said south line to the POINT OF BEGINNING. 11/91