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Home My WebLink About916294 'l () v ~ ~¡.c1Ì (0V" !) .{ , flV ~;}:~~~mm~¡m~j: ~ '~ '-.".' .:,......t...~.~...'.._: '.".." . . ,'.¡.,:,",;".,'; .:i:\~~·'-T.,~',.;.,..';',· _', % (' !~ n :'1 5 7 '.' 1./ \,; t.. This (locument prepared by: KUNAL ßHATTACHARJEE RECEIVED 2/27/2006 at 2:08 PM RECEIVING # 916294 BOOK: 613 PAGE: 257 . JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Recording Requested by & When Recorded Return To: US Recordings, Inc. 2925 Country Drive St. Paul, MN 55117 "9-9 ~ 3 36c:r~" DJð6 -- {JO'/75'tJç/l. IVIORTGAGE ~TIN: 100011506300516896 THIS ~ORTGAGE is made this 02/1012006 between the ~ortgagor, DARREN C. RUDD AND ARLENE L. RUDD.TIB/E (herein "~ortgagor"), CITIBANK FEDERAL SAVINGS BANK a federal savings bank organized and existing under the laws of the United States, whose address is 11800 Spectrum Center Drive, Reston, VA 22090 (1lL'rl'in "lender"), and Mortgage Electronic Registration Systems, Inc" a separate corporation organized and existing under the laws of Delaware whose address and telephone number is P,O, Box 2026, Flint, ~I 48501-2026, tel. (888) 679-MERS (herein "Mortgagee"), Mortgagee is acting solely as a nominee for Lender and Lender's successors and assigns, The "Borrower" means the individual(s) who has(ve) signed the Fixed Rate Home Equity Loan Note (the "Note") of even date herewith and in connection with this ~ortgage. "WHEREAS, Borrower is indebted to lender in the principal sum ofD.S, $121.700.00, which indebtedness is evidenced by Borrower's note dated 02/10/2006 and extensions and renewa1s thereof (herein "Note"), providing for monthly insta1lments of principa1 and interest, with the balance of indebtedness, if not sooner paid, due and payable on 02/15/2036; TO SECURE to Lender the repayment of the indebtedness. evidenced by the Note, with interest thereon; the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage: and the performance of the covenants and agreements of Mortgagor herein contained, Mortgagor does llL'rchy mortgage. grant and convey to Lender, together with the statutory power of sale, the folIowing described property localed in the County of LINCOLN, State ofWvominl!: SEE ATTACHED LEGAL DESCRIPTION which has the address of 102 ANNE RD. ETNA. WY 83118 (herein, "Property Address"); TOGETHER with all the improvements now or hereafter erected onthe property, an all easements, rights, appurtenances and rents all of which sha1l be deemed to be and remain a part of the property covered by this ~ortgage; and aU of the foregoing, together with said property (or the 1easehold estate if this ~ortgage is ona leasehold) are hereinafter referred to as the "Property." ~ortgagbr understands and agrees that ~ortgagee holds on1y legal title to the interests granted by Mortgagor in this Mortgage, but, if necessary to comply with law or custom, Mortgagee (as nominee for Lender and Lender's successors and assigns) has the right to exercise any or all or those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action rL'luired or lender includ,ing. but not limited to, releasing and canceling this Mortgage. CFX-F-SI-702-WY RUDD lof6 Revisal 07/15/2005 ACAPS: 106013013103000 ,1." ,-. ,-~, ...._~__d ...~ _ _. _ _.., ___,-",''''_ , ,-".. ...-.....,., ," ,--..,.,..-..-'......... ,.-.,,,.,..',..-,"'. ,...,'.,","/-. 091.629;1: C· ¡'') 0 2 t".:) 8 ... to,} \ ' Mortgage, continued cffibank(è) Mortgagor covenants that Mortgagor is lawfully seized of the estate hereby conveyed and .hasthe right to mortgage, g;rant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. r\'1ortgagor covenants that Mortgagor warrants and will defend generally the title to the Property against all claims and dcmands, subject to encumbrances of record, UNIFÙRM COVENANTS. Mortgagor and Lender covenant and agree as follows: 1, PAYMENT OF PRINCIPAL AND INTEREST. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 2, APPLICATION OF PAYMENTS. Unless applicable law provides otherwise, all payments received by Lender shall be applied by Lender in any order it chooses. 3. PRIOR MORTGAGES AND DEEDS OF TRUST:, CHARGES: LIENS, Mortgagor shall perfonU all of Mortgagor's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Mortgage, including Mortgagor's covenants to make payments when due. Mortgagor shall payor cause to b~' paid all taxes. assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any. 4, HAZARD INSURANCE, Mortgagor shall keep the improvement now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and such other hazard as Lender may require and in such amounts and for such periods as Lender may require. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to approval by Lender; provided, that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender, Lender shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Mortgage. . In the event of loss, Mortgagor shall give prompt notice to the insurance carrier and Lender. Lender may make proor or loss if not made promptly by Mortgagor. I r Property is abandoned by Mortgagor, or if Mortgagor fails to respond to Lender within 30 days from the date notice is mailed by Lender to Mortgagor that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to the sums secured by this Mortgage, 5, PRESERVATION AND MAINTENANCE OF PROPERTY: LEASEHOLDS: CONDOMINIUMS: PLANNED UNIT DEVELOPMENTS, Mortgagor shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Mortgage is on a leasehold, If this Mortgage is on a unit in a condominium or a planned unit development, Mortgagor shall perform all of Mortgagor's obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents, 6. !)IWTI~ÇTJQ.N QF.U;NDER'S SECURITY. If Mortgagor fails to perform the covenants and agreements contained in this Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then Lender, at Lender's option, upon notice to Mortgagor, may make such appearances, disburse such sums, including reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Mortgage, Mortgagor shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Mortgagor's and Lender's written agreement or applicable law. CFX-F-SI-702-WY RUDD 2of6 Revised 07/15/2005 ACAPS: 106013013103000 t;¡j~i¡Iiill;m!;@~ J "0:¡:~:i:':';'W;t ,'.',-.1.',',4.""'1',1 :~ :::::::::::::~:2::: '..,...,........,'.,".'-.'.'....,."','......'..." "--,.- ._.....,.:.:.....'-,-,". .-,..._.......a.&.I,'. ' ,:-...-_.........,..~ ~"...........,.- :.- ,'.~.' ...,.,,~.. .~'" 091.629/.1 ('()n'~59 '-' \/ \.: h Mortgage, continued ~ 'I!I Cltlbank Any amounts disbursed by Lender pursuant to this paragraph 6, with interest thereon, at the Note rate, shall become additional indebtedness of Mortgagor secured by this Mortgage. Unless Mortgagor and Lende~ agree to other tenns of payment, such amounts shall be payable upon notice trom Lender to Mortgagor requesting payment thereof. Nothing contained in this paragraph 6 shall require Lender to incur any expense or take any action hereunder. 7, INSPECTION, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Mortgagor notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property. X. . ÇONPJ:,MN/\IJD}J" The proceeds of any award Or claim for damages, direct or consequential, in connection with any condemnation or other taking of the property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust Qr other security agreement with a lien which has priority over this Mortgage. ' 9. MORTGAGOR NOT RELEASED: FORBEARANCE BY LENDER NOT A W AlVER. Extension of the time for payment or modification of amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of Mortgagor shall not operate to release, in any manner, the liability of the original Mortgagor and Mortgagor's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Mortgagor and Mortgagor's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. ICLSlJÇCl:;;S!)R$ AN.D ASSIGNS BOUND; JOINT AND SEVERAL LIABILITY: CO-SIGNERS, The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Mortgagor, subject to the provisions of paragraph 15 hereof. All covenants and agreements of Mortgagor shall be joint and several. Any Mortgagor who co-signs this Mortgage, but does not execute the Note, (a) is co-signing this Mortgage only to mortgage, grant and convey that Mortgagor's interest in the Property to Lender under the tenns of this Mortgage, (b) is not personally liable on the Note or under this Mortgage, and (c) agrees that Lender and any other Mortgagor hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the tenns of this Mortgage or the Note without that Mortgagor's consent and without releasing that Mortgagor or modifying this Mortgage as to that Mortgagor's interest in the Property, 11. NOTICE, Except for any notice required under applicable law to be given in another manner, (a) any notice to Mortgagor provided for in this Mortgage shall be given by delivering it or by mailing such notice by first-class postage paid, addressed to Mortgagor at the Property Address or at such other address as Mortgagor may designate hy Hot in: to I.cnder as provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to such other address as Lender may designate by notice to Mortgagor as provided herein, Any notice provided for in this Mortgage shall be deemed to have been given to Mortgagor or Lender when given in the manner designated herein, . 12, GOVERNING LAW: SEVERABILITY. The Mortgage wil1 be governed byVnited States federal law and, to the extent the United States federal law is inapplicable, then by the laws of the Commonwealth of Virginia; except that, with regard to the perfection and enforcement ofCitibank's security interest in the Property, the Mortgage will be governed by the law of the state where the Property is located, 13, MORTGAGOR'S COPY. Mortgagor shall be furnished a confonned copy of the Note and.-üfthis Mortgage at the time of execution or after recordation hereof. (TX-'"·SI-7112·WY RUDD 30£6 Revised 07/1512005 ACAPS: 106013013103000 · ..;...,.,...,.....'''-.,.,'... "',_.,,,.,_.,,--,,,,,.,.?'.'.. ; . ,....:..:.,---.:..>...""~ ..-, -'~.,"'.."~""''''''''.' 0).',.'.,'_..".,..-1·.....'·.",·"',,:.,,:,,..:.'..·.._..-1<.... ."_.,_.,y.."',,,'.....', .' "i"..·.·,·.·.'.·..·.·.., 0916294 r"\nr60 ~ ®,~,{./t(. cltl'bank Mortgage, continued 14. REHABILITATION LOAN AGREEMENT, Mortgagor shall fulfill aU of Mortgagor's obligations under any home rehabilitation, improvement, repair, or other loan agreement which Mortgagor enters into with Lender. Lender, at Lender's option, may require Mortgagor to execute and deliver to Lender, in a fonn acceptable to Lender, an assignment of any rights, claims or defenses which Mortgagor may have against parties who supply labor, materials or services in connection with improvements made to the Property. 15. DUE ON TRANSFER PROVISION - TRANSFER OF THE PROPERTY. If all or any part of the Property or any i'ntcrest in it is sold or transferred (or if a beneficial interest in Mortgagor is sold or transferred and Mortgagor is /lot a natural person) without Lender's prior written consent, Lender may, at Lender's option, require immediate paynll:nl in rlllJ or all slims secured by this Mortgage, However, Lender shall not exercise this option if the exercise isprohibited by applicable law as of the date of this Mortgage, If Lender exercises this option, Lender shall give Mortgagor 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 Mortgagor must pay all sums secured by this Mortgage, If these sums are not paid prior to the expiration of this period, Lender may invoke any remedies pennitted by this Mortgage without further notice or demand on Mortgagor. NON-UNIFORM COVENANTS, Mortgagor and Lender further covenant and agree as follows: 16, ACC~LERATION: REMEDIES. EXCEPT AS PROVIDED IN PARAGRAPH IS HEREOF, UPON MORTGAGOR'S BREACH OF ANY COVENANT OR AGREEMENT OF MORTGAGOR IN THIS MORTGAGE, INCLUDING THE COVENANTS TO PAY WHEN DUE ANY SUMS SECURED BY THIS MORTGAGE. LENDER PRIOR TO ACCELERATION SHALL GIVE NOTICE TO MORTGAGOR AS I'¡{OVIDI') IN PARAGRAPH llllEREOF SPECIFYING: (I) THE BREACH; (2) THE ACTION REQUIRED TO CURL SUCH BREACH; (3) A DATE, NOT LESS THAN 10 DAYS FROM THE DATE THE NOTICE IS MAILED TO MORTGAGOR, BY WHICH SUCH BREACH MUST BE CURED; AND (4) THAT FAILURE TO CURE SUCH BREACH ON OR BEFORE THE DATE SPECIFIED IN THE NOTICE MAY RESULT IN ACCELERATION OF THE SUMS SECURED BY THIS MORTGAGE, FORECLOSURE BY JUDICIAL PROCEEDING OR BY ADVERTISEMENT, EXERCISE OF THE POWER OF SALE, AND SALE OF THE PROPERTY. TBE NOTICE SHALL FURTHER INFORM MORTGAGOR OF THE RIGHT TO REINSTATE AFTER ACCELERATION AND THE RIGHT TO ASSERT IN THE FORECLOSURE PROCEEDING THE NONEXISTENCE OF A DEFAULT OR ANY OTHER DEFENSE OF MORTGAGOR TO ACCELERATION AND FORECLOSURE. IF THE BREACH IS NOT CURED ON OR BEFORE THE DATE SPECIFIED IN THE NOTICE, LENDER, AT LENDER'S OPTION, MAY DECLARE ALL OF THE SUMS SECURED BY THIS MORTGAGE TO BE IMMEDIATELY DUE AND PAYABLE WITHOUT FURTHER DEMAND AND MAY FORECLOSE nns MORTGAGE BY JUDICIAL PROCEEDING OR BY ADVERTISEMENT AND EXERCISE 01' TIlL POWER OF SALE, LENDER SHALL BE ENTITLED TO COLLECT IN SUCH PROCEEDING ALL LXPENSES OF FORECLOSURE, INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS' FEES AND COSTS OF DOCUMENTARY EVIDENCE, ABSTRACTS AND TITLE REPORTS. 17, MORTGAGOR'S RIGHT TO REINSTATE, Notwithstanding Lender's acceleration ofthe sums secured by this Mortgage due to Mortgagor's breach, Mortgagor shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing this Mortgage if: (a) Mortgagor pays Lender all sums which would be then due under this Mortgage and the Note had no acceleratiOn occurred; (b) Mortgagor cures all breaches of allY other covenants or agreements of Mortgagor contained in this Mortgage; (c) Mortgagor pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Mortgagor contained in this Mortgage, and in enforcing Lender's remedies as provided in paragraph 16 hereof, including, but not limited to, reasonable attorneys' fee; and (d) Mortgagor takes such action as Lender. CFX-F-SI-702- WY RUDD 40f6 Revised 07/1512005 ACAPS: 106013013103000 ~Œm~~lŒI~~ tmm~~~ilîill ;~:~;~;:::r.~~:::::~~ ,;:;~-,~.!tM.M.~t!,£1 .....'...:&.,.". ..... ','-'. '.., , " ,~¡" ; ...,."...,,'....',.,., , , 091.629t\ r· ,'î, n ¿- '6" 1 . I " ..... \,,1 \.: t. Mortgage, continued cffiibank® may reasonably require to assure that the lien of this Mortgage, Lender's interest in the Property and Mortgagor's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Mortgagor, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration occurred. I R,j\~~I(JNMJJ':n OF RENTS; APPOINTMENT OF RECENER. As additional security hereunder, Mortgagor herehy assigns to Lcnder the rents of the Property, provided that Mortgagor shall, prior to acceleration under paragraph 16 hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 16 hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. All rents collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, rec~iver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received, 19, RELEASE, Upon payment of all sums secured by this Mortgage and all fees due Lender, Lender shall release this Mortgage to Mortgagor, Lender may charge a fee for preparation of any statement of obligation and for pr~~paring release documentation up to the maximum allowed by Federal or Wyoming law. whichever is greater. \1ongagor shall pay all costs of'rccordation. ¡fany. ' 20, WAIVER OF HOMESTEAD AND REDEMPTION, Mortgagor hereby releases and waives all right under and by virtue of the homestead exemption laws of Wyoming, the equity of redemption and statutory rightofredemption in and to the Property. 21. ONE MORTGAGOR. If there is only one person executing this Mortgage, such person represents that he or she is [] single or [] married, [Check one as applicable]. CFX-F-SI-702-WY RUDD 50f6 Revised 07/1512005 ACAPS: 106013013103000 '.'. ,>.o;'..!JiI;.,..'..O!"r··,·...,·~~''',·.~'":I!~,=~r_~~'·:~. ,',' ,·:'~.,:¡'i~·.-'t.¡...'oHH".,L·...r'.-'...,' ,.... :'.,:...,'.' ':...:....;¡;,........, '.·,·¡:·;:~,~1·~',.,.Io1.A·.~~.~.·"~.:1.":.~J"-,,Jf~:'!.;,¡ ....,., '.'..<,',.' . ~'.·,~'I:.;I·~,.'''<r.1>:.:",:·· ...., ,.,'·"I'.....'.<..,';.~rJ~.....;.,.,.: . . 091.6294 ('('~n~62 ~. l.- 1..._ Mortgage, continued ~, ' cltlbank~ REQUEST FOR NOTICE OF DEFAULT AND FORECLOSURE UNDER SUJ"ERIOR MORTGAGES OR DEEDS OF TRUST Mortgagor and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which has priority over this Mortgage to give Notice to Lender, at Lender's address set forth on page one of this Mortgage, of any default under the superior encumbrance and of any sale or other foreclosure action. IN WITNESS WHEREOF, Mortgagor has executed this Mortgage. D~ ~ \LJ,~ Mortgagor: DARREN C RUDD 0'1 Marrird 02/1012006 [ ] Unmarried I J Unmarried Mortgagor: [ ] Married [ ] Unmarried Mortgagor: [ ] Married [ ] Unmarried [ ] Married [ ] Unmarried [ I Married [ ] Unmarried STATE OF WYOMING, COUNTY OF7ëi~ SS: The lim'going instrumcnt was acknowledged before me this 02110/2006 by DARREN C ROOD and ARLENE L. IUJDD. :e K J<:.~ Notary Public [Pri ame] WENDtE R. KING· NOTARY PUBUO County., &h ltateol I.Jnctift ~,~. MyCommlattoft ExpI,..;T n l"1r.Ar1'( (Space Below This Line Reserved For Lender and Recorder) Recording Requested by & When Recorded Return To: US Recordings, Inc. 2925 CauntlY Drive ~~._~~~1!_!v.~__~~1_1_?___ _ CFX-F-SI-702·WY RUDD 60f6 Revised 07/) 5/2005 ACAPS: 106013013103000 , ;¡:¡:i~~~;:::::*::ä .j~!1og~.~~:lo' :~]~¡¡Wj~¡i~~ -,.- - ~~ ,. ...,.....'._..'-, . . . '........_,....', .,- ,'~' ~ '" .., - " .'.'." ',' , , 091J;294: (lr1ü(63 '.".i \} ; (, EXHIBIT A LOT 4, HENRY'S MOUNTAIN ESTATES, LINCOLN COUNTY, WYOMING. ADDRESS: 102 ANNE RD.; ETNA, WY 83118 TAX MAP OR PARCEL ID NO.: 3519-131-00-449-00 IIml~IImSllI!lœm.IIIIIW"1! U29833S9S-81HP8? MORTGAGE lOAN# 0008-004750 US Recordings