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HomeMy WebLinkAbout917827 ¡'"1 n. ('.f I"~ 5 2 t... '.' \. \0 .,. Recording requested'by: ~ Wells Fargo Bank, N .A. When recorded return to; Wells Fargo Bank, N.A. P. O. BOX 31557 BilliNGS, MT 59107 DOCUMENT MANAGEMENT RECEIVED 4/27/2006 at 11 :09 AM RECEIVING # 917827 BOOK: 618 PAGE: 52 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY State ofWyomin¡: REFERENCE #: 20060947200078 Space Above This Line For Recording Data ACCOUNT #: 0654-654-2464824-1 998 MORTGAGE (With Future Advance Clause) 1. DATE AND PARTIES. The date of this Mortgage ("Security Instrument") is 04/07/2006 and the parties, their addresses and tax identification numbers, if required, are as follows: MORTGAGOR: CRAIG W. HOWES AND ANGELA R. HOWES, HUSBAND AND WIFE, AS TENANTS BY THE ENTIRETIES o If checked, refer to the attached Addendum incorporated herein, for additional Mortgagors their signatures and acknowledgments. ' LENDER: Wells FargO Bank, N .A. P. O. BOX 31557 BilliNGS, MT 59107 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Mortgagor's perfonnance under this Security Instrument, Mortgagor grants, bargains, conveys, mortgages and warrants to Lender, with power of sale, the following described property: LOT 10 OF STAR VIEW ESTATES, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. \L-{ The property is located in l I NCOLN at 258 HILL VIEW DRIVE AFTON, W~~o/83110 and parcel number of 32192110102300 together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fÏh'tures, and replacements that may now or at any time in the future be part of the real estate described above (all referred to as "Property"). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall not exceed $ 25, 000 . 00 . This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the tenns of this Security Instrument to protect Lender's security and to perfonn any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The tenn "Secured Debt" is defined as follows: EQ150A (10/2003) -~- "--"- COOt:53 o 9~? ~~¡lrred under:the terms of the :promissœy note, Ievolvingline of credit. contract. .grummty or Dther evMenœ .of .debt ~ I14/ Oì /2006 10gether with.all ;¡mp.nnmp.t1t!;, p.xtp.m:inns, modifications lUld.renewals, lUld.having.a maturity .date.of 04/ Oì /2046 B. All future .advBDCeS from Lender 10 Mortgagor under bUCb evMenœ of debt. All future .advBIlCeS Me .secured.as ifmade on the.date of this Security Instrument. Nothing.in this Security Agreement .shall cnnstÌf11tp..a cnmmitmp.nt 1o.make .additional or future loans or .adv.ances wlùch exceed the mnount .shown.in Section 3. Any 5UCh commitmenLmust be .agreed 10 .in .a separate writing. C. All.sums .adv.anced .and expenses incurred by Lender for inSUr1T\ß, :preserving, or Dtherwise protecting :the J>roperty lUld its v.a1ue lUld .any other .sums .adv.anced lUldexpenses incurred by Lender under :the terms of 1his Security Instrument. 5. ~AYMENTS. Mortgagor.agrees that.all payments under:the Secured Debt will be paid when.due lUld.in .accordance with:the terms .of the Secured DebtlUld this Security Instrument. 6. PRIOR SECURITY INTERESTS. With Iegard 10 .any other mortgage, .deed .of trust, .security .agreement or other lien .document !hat created.a:prior .security interest or encumbrance on :the J>roperty, Mortgagor .agrees: A. To.make.all payments when.due.and 10 perform or comply with .all rovenants. 33. To :promptly rleliver 10 Lender .any notices that Mortgagor Ieceives from the l1older. C. Not 10 .allow.any 111oniflc-.at1on or extension of, nor to Iequest.anyfuture.adv.ances under .any note or .agreement.secured by :the lien .document without Lender'.s :prior written consent. 7. CLAIMS AGÅ1NST TIILE. Mortgagor will pay.all taxes, .a5Sp.!:!m1p.nt!:, liens, enc~nmhrnnc-p.s, lease payments, ground Ients, utilities, .and other charges Ie1ating to :the .PIOperty when line. Lender may Ieguire Mortgagor to provide to Lender copies .of.all notices that bUCb mnounts .are .due.and:the Ieceipts evidp.ndT\ß Mortgagor'.s payment. Mortgagor will1lefend íit1e 10 the Property .against.any claims that would impair :the .lien .of the Security lnstmment. Mortgagor Bgrees to .assign 10 Lender, .as Iequested by Lender,.any.rights, claims or np.fensesMortgagor may .have.against parties who .supply labor or m;¡tp'r1;¡I!: 10 m;¡int;¡in or improve :the J>roperty. 8. DTIE ON SALE OR ENCUMBRANCE. Upon.sale, transfer,l1ypothe~;¡finn,.assignmentorencumbrance, w.hethervoluntary, :involnntaIy, or by operation of Jaw, of.all or .any part of the J>roperty or .any interest therein, then .at its :SOle option, Lender .:may, by written notice to Mortgagor, .declare .all obligations .secured .hereby immediately .due .and payable, except 10 :the extent that .such .acceleration for.and:in bUCb particular circumstances where exercise of .such .a Iight by Lender is prohibited by law... 9. PROPERTY CONDITION. ALTERATIONS AND .INSPECTION. Mortgagor willlœep the Property .in good .cnnnitinn .and .make .all IepaÌr.5 that Me Ieasonably llecp.!:!:my. Mortgagor.shall not commit or .allow .any waste. imp;¡irmp.nt. or rlp.tP.Tinrnti nn .of :the Property. Mortgagor willlœep :the .PIoperty free .of noxious weeds .and grasses. Mortgagor Bgrees that the :nature of:the occupancy .and use will not .sub!:t;¡nti;¡ lly change without Lender'.s prior written consent. .Mortgagor will not pemrit.any ch.ange .in .any license, Iestrictive covenant or easp.ment without Lender'.s prior written .consent. Mortgagor will notify Lender .of .all np.m;¡nn!:, :proceeniT\ß-", .claims, .and.actions .against Mortgagor, .and .of .any Joss or damage to :the J>roperty. Lender or Lender'.s .agents .:may, .1lt Lender'.s bption, :enter the Property .at .any Ieasonable 1ime for :the pmpose .of inspecting :the Property. lender .shall give Mortgagor notice at :the time .of or before .an inspection .speci:fy:ing .a Ieasonable :pmpo.se for :the inspection. Any inspection of the.PIoperty.shall be entire1yfor Lender'.s benefit .and Mortgagor will in no W.aYIe1y onLender'.s inspection. 10. AUTHORITY TO PERFORM. ]f Mortgagor fails 10 perform .any .duty or .any of the .covenants .cnnt;¡inp.n .in 1his Security 1nstrnment, Lender .:may, without notice, :perform or cause them to be p~rfnrmed. Mortgagor .appoints Lender .as .attorney in:fact 10 .sign Mortgagor'.s :name Dr pay.any mnount De.cp.!:!:tlry for performance. Lender'.s 1'ight 10 perform £or Mortgagor.shall not create.an obligation 10 :perform. .and Lender'.s failure 10 perform will not preclude Lender from exercising.any .of Lenrler'.s other .rights 1U1der :the Jawor this Security 1nstmment. Jf.any construction on :the .PIoperty is .discnntimwl or not carried on in .a Ieasonable m;¡nnp.T, Lender may :take .all .steps :necessary to protect Lender'.s .security interest in the .PIoperty, indnning completion .of:the constrn.ction. 1.1. ASSIGNMENT OF T:F.AS1'.S.AND BENTS. Mortgagor irrevocably gnmts, b.argains, conveys., IDOrtgages.and w.ammtsto Lender .as .additional .security .all :the :right, title.and 10 .any.and .all :existing or future leases, !mhle;¡ses, lUld.any other written Dr verbal Bgreemp.nt!:for the nse.and occupancy of .any portion .oftheJ>roperty, indnninf .anyp.xtp.nsinns, Ienew.als, monifl~;¡tinns Dr .sub.stitntinns of bUCb .agreements (all Ieferred to.as '~") lUld rents, issues.and :profits (all Ieferred 10 .as ~"). Mortgagor will promptly provide Lender with :true .and .correct copies of .all :existing .and future Leases. Mortgagor.:may collect, Ieceive, ~joy lUld use:the Rents .so long .as Mortgagor is not:in.default under:the terms .of this Security lnstmment. Mortgagor .agrees that this .assignmentis immp.ni;¡tely effective between:the parties 10 this Security lnstmment. Mortgagor .agrees that this ;¡!:~mp.nt is effective .as 10 third parties when Lender takes ;¡ffirm;¡1ive .action prescribed by Jaw, .and that this -assignment will Iemain .in:effect.during .any Iedemption period DI11il the Secured Debt is ~;¡ti rnp.n. Mortgagor.agrees thatLender .:may:take .actual possession .of:the property without :the lle~p',,<:ity .of ~nmmp.ndnz legal.action .and that.actual possession is dep.mp.n to occur wl1en Lender, or its .agent, notifies Mortgagor .of .default .and dp.m;¡nn!: that .any tenant pay .all future Rents .directly 10 Lender. DD Ieceiving notice .of .default, Mortgagor will ffllnnrse .and .deliver· to Lender .any payment of Rents in Mortgagor'.s possession .and will Ieceive .any Rents :in 1mst for Lender .and will not .cnrnminzle :the Rents with.any other funds. Any 11IIlOunts collected will be .applied.as :provided:in 1his Security lnstmment. Mortgagor w.ammts that no .default exists under EQ150B (1012003) '::¡:fmmm ~..: ;:¡ -'~~ ;:;~~·m~;~~~ ..-. .-.---_..._----_._~--- ----- -------._- ..."_._~-_.._-------- .- - ------.-- 091.7827 ,."·;)(\.'·54 .... ;"..' t: ~. the Leases or .any applicable landlord/tenant law. Mortgagor also agrees 10 m¡¡int¡¡in1lIld Iequire .any íenant 10 .comply with the 1enns of the LeaSes.ana applicable law. 12. LEASEHOLDS; CONDOMINIIJMS; PLANNED UNIT DEVELOPMENTS. Mortgagor agrees 10 .comply with the :provisions of .any lease jf this Security 1nstrument is on 2 leasehold. Jf the :property is a unit ill a Condnminillm Project or is pmt of 2 Planned Dnit Development ("PIJD"), Mortgagor agrees to the iòllowing: A. Obligations. Mortgagor.shall perform .all of Mortgagor'.s obligations 1JDder the Constituent Docnmffl'ltc;, The "'Constituent Documents" are the: (i) Declaration or .any other .document w1rich.creates the ConC nminilIm Projects or PIJD 1lIld .any .homeowner.s 1iSSOcUrtion or ~quivalent tmtity ("Owner.s Association"); (ü) by-law.s; (ill) .code of IeZJll¡¡tinm; 1lIld (iv) other ~quivalent .documents. Mortgagor.shall promptly pay, when riue, .all rlues .and assec;c;m~nt" impo.sed :pur.suant to the Constituent Documents. R Hazard Insurance. So long liS the Owner.s Association m¡¡int¡¡im, with 11 gener.ally 1lCCepted .:insur.ance .carrier, 11 "ma.ster" or "blanket" :policy on the Cnnnnminillm Project or PIJD w1rich is .satisfactory 10 Lender 1lIld w1rich provides immr¡¡nce .cover2ge in the amounts, for the periods, 1lIld 11gainst the .hazards Lender Iequires, indllning fire 1U1.d h¡¡7f1rds inclllded within the renn "ext~nn~d coverage,~' then Mortgagor'.s 01Jli1?'ltinn under Section 1910 m¡¡intl'1inl1azard illsurance .coverage on the Property is df>P.m~d .satisfied to the extent that the Iequired .coverage is :provided by the Owner'..s Association policy. Mortgagor .shall give Lender :prompt notice Df .any lapse ill required .hazard insurnnce .coverage. ln the ~vent of a .distribution of .hazard illsurance proceeds in lieu of Iestoration or repair following 2 loss to Property, whether to the unit or 10 common dem~nts,.any proceeds pay.ab1eto Mortgagor are .hereby assigned 1U1.d .shall be J1aÌd to lender for application to the .sums ..secured by this Security 1nstrument, with.any -excess J1aÌd to Mortgagor. C. ]i'Jood lnsur.ance. Mortgagor agrees to m¡¡int¡¡in :floodillsunmce for the life of the Secured Debt w1richis .acceptable, liS to form, amount 1U1.d extent Df .coverage to Lender. D. Public Liability lnsurMce. Mortgagor.shall take..such.actions liS may be Ieasonable 10 insure that the Owners AssocUrtion m¡¡int¡¡im a :public liability insurance policy acceptable in form, amount, 1lIld extent of .coverage to Lender. .E. Comll"mnation. The proceeds of .any 11ward or claim for rlaIrulges, .direct or consequential, pay.ab1e 10 Mortgagor in .connection with .any .cnnð~mn¡¡tinn or other taking of.all or .any:part of the Property, whether Df the unit or of the .common clements, or.for .any .convey.ance in lieu of cnnn~mn¡¡tion, are .hereby .assigned 1U1.d .shall be J1aÌd to Lender. Such proceeds ..shall be 2pplied by Lender 10 the.sums..secured by the Security lnstrumentliS provided ill Section 18. ::F. Lender's Prior Consent. Mortgagor.shall not., except 11fter notice to Lender 1U1.d withLender'..s prior written .consent., :either partition or .subdivide the Property or consent to: (i) the .ab¡¡nnnnm~nt Dr t~rmin~tion of the Cnnnnmininm Project or PIJD, except for ¡¡b¡mðnnm~nt or term in ¡¡ti on Iequired by law ill íhe case of ..substantialllestmction byfire or other .casualty or in the case of 11 taking by .cnnn~mn¡¡tinn or oninent domain; (ü).any ¡¡mffl'lilm~nt to.any provision of the ConstituentDocumentsjf the provision is for the ~xpress benefit of Lender; (ill) t~rmin¡¡tinn of professional m¡¡n¡¡lr-mp.nt 1lIld llSSUIDption Df ..se1f- :management by the Owners Association; or (iv) .any action which would .have the :effect Df Iendering the public liability insurance .cover2ge m¡¡int¡¡in~d by the Owners Association :unacceptable to Lender. G. .Remedies. 1fMortgagor .doesnot:pay connomininm orPIJD dues1lIld assp'c;c;m~nt"whendue,thenLendermay:pay 1hem. Any amounts ilisbursed by Lender under this .section..shall become ¡¡niliti nn¡¡ 1 debt of Mortgagor ..secured by this Security lnstrument. Unless Mortgagor 1U1.d Lender l1gree to other 1enns of :payment, these 1l1IlOunts ..shall bear .interest:from the llate of llisbursement at the Secured Debt IIDe.and.shall be :payable, with interest., npon notice:fromLender to Mortgagor Iequesting :payment. 13. DEFAULT. Mortgagor will be in default if .any party obligated on the Secured Debt .fails to .make p2yment when line. Mortgagor will be ill default jf 11 breach occurs under the tenus of this Security 1nstrument or .any other .document aecuted .for the :purpose of .creating, .securing or guarantying the Secured Debt. A good.faith belief by Lender that Lender .at .any rime is insecure with Iespec1 to .any :person Dr entity obligated on the .secured Debt Dr that the prospect of.any :payment or the value Df the Property is impaired..shall also cnm:tiMe .an event Df default. 14. BEMEDlES ON DEFAULT. In..someillstances, federal1U1.d5tatelawwillIequireLender to provide Mortgagor with notice Df the right to .cure or other notices 1lIld may est~hlic;h 1ime .schedules for forec1o.sure actions. Subject to these limit¡¡tinnS, if My, Lender may accelenúe the Secured Debt 1lIld foreclose this Security 1n.stmment ill 11 :manner provided by law if Mortgagor is in default. At the option of Lender, .all or .anypmt Dftheagreed:fees1lIld .charges, accrned.interest1lIld r1ÏnMp¡¡l..shall become imm~ni¡¡tely due .and p2y.ab1e, 11fter giving notice jf required by law, upon the occurrence of a default or .anytime thereafter. In ¡¡nnition, Lender ..shall be ~titlf'iI to .all the Iem~nie" provided by law, the 1enns of the Secured Debt., this Security lnstrument 1U1.d .any Ielated ill>cJlm~nts, indllC i'Of without li1T1it¡¡tion, the power to .sell the Property. All Iemedies are distinct., cumulative 1lIld not exclusive, 1U1.d the Lender is P.TItitled to .all remedies :provided at law or equity, whether or not :expressly .set forth. The acceptance by lender of .any ..sum in :payment or :partial payment on the Secured Debt after the h¡¡l¡¡T1C~eis due or is accelernt~d or 11fter forec1o.sure prO£"l"P.r1inz,c; ar~ filed.shall not constitnt~ 11 waiver Dflender'..s right to Iequire .complete cure of .any existin.z default. By not :exercising lIDY Iemedy on Mortgagor'..s default., Lender .does not wmve Lender'.s :right to later .consider the event 11 default jf it cnntinnp.c; or .happens .again. :EQ150C (10L2003) -------.----_.---...-._. ---"--------- ._----_.-----~. -----_.~-~- 091.7827 n0. 5~ i,..} '\J \_ LJ 1.5. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. :Except wlæn prohibited by law, Mortgagor .agreés to pay Jill of Lender's expenses if Mortgagor meaches .any covenant in this Security lnstrnment. Mortgagor will .also pay on ci~m:mci .any .amount incurred by Lender Ïor insuring, inspecting, :preserving or otherwise :protecting the Property .and Lender's security interest. These expenses will..bear interest from the .date of the payment until paid .m :full.at the lllghest illterest .rate ill effect .as provided ill the 1erms of the .secured Debt. Mortgagor .agrees to pay Jill costs .and expenses incurred by Lender .in collecting, enforcing or protecting Lenders' rights .and retneði~s under this Security 1nstnnnent. Tl1is .amount may include, but is not limited to, .attorneys' :fees, court costs, .and other legal:expenses. This .amount does not inc111de .attorneys' fees for a.salaried employee of the Lender. This Security 1nstnnnent .shall remain ill clIect DDtil released. Mortgagor agrees to pay for .any recordation costs of.such release. 16. ENVIRONMENTAL LA WSAND H A7ARDOUS SUBSTANCES. As llSed.m this section, (l)Envirnmn~nt:¡ l.Law:means, without limitation, the Comprehensive Envirnnmffllt:ll Response, Comp~n":lrinn .and Liability Act (CERCLA, 41 US.C. 9601 et 5eq.), .and Jill other federal,.state.and local laws, regulations, orciin:lnces, court orders,.attorney genernl opinions or illterpretive letters concerning the public l1ealth, .safety, welfare, environment or a .hazardous substance; .and (1) 11:17:1rcinus Substance:means lmy toxic, radioactive or .hazardous m:lt~ri:ll, waste, :po11ut.ant or L:ont:lmin:lnt wl1ich .has cl1ar.acteri!õtics wl1ich render the .substance rlangerous or potentially rlangerous to the public l1ealth, safety, welfare or environment. The 1enn indnci~", without limitation, .any 5Ubstances defined .as "hazardous m:lt~ri:ll," <'toxic 5Ubstances," <'hazardous waste" or ~l1azardous .substance~' under .any Envirnnm~nt:ll.Law. Mortgagor represents, warrants.and.agrees that: A. Except .as :previously llisclosed .and .acknowledged ill -writing to Lender, no Hazardous Substance is or will be located, .stored or released on or in the Property. Tl1is restriction .does JlOt apply to .small quantities of Hazardous Substances that are generally recognized to be.appropriatefor thenonnalnse.and m:lint~n:lnc~e of the Property. B. Except .as :previously disclosed.and .acknowledged in writing to Lender, Mortgagor .and wery tenant .have been, are, .and .shall IeIDaÍI1.m:full compli:lnC'.e with.any applicable Envirnnm~nt:ll.Law. C. Mortgagor .shall immeðiately JlOtify Lender .if a release or threatened release of.a Hazardous Substance occurs on, llIlder or about the Property or there is a yinl:1tinn of.any Envirnnm~nt:ll.Law conc~minf the :Property. .In.such.an event, Mortgagor 5ha1l take Jill:necessary :remedial.action ill .accordance with.any Envirnnment:ll.Law. D. Mortgagor .shall imm~cii:ltely JlOtify Lender ill writing.as 500n.as Mortgagor.has reason to believe there is.any pending or threatened .mvestigation, claim, or :proceeding relating to the release or threatened release of .any Hazardous Substance or the violation of.any Envirnnm~nt:ll.Law. 17. CONDEMNATION. Mortgagor will give Lender :prompt :notice of .any :pending or íhreMened .action, by :private or public entities to purchase or take.any or Jill of the Property íhrough L:nnrlemn:lrinn, ~t cinm:lln. or.any other:means. MOrtgagor :lnthnri7e" Lender to intervene .m Mortgagor' .name.m .any of the ..above described .actions Dr claims. MOrtgagor.assigns to lender the :proceeds of.any award or claim for .damages connected with a cnnci~mn:lri on or other taking of Jill or .any part of the PIOPerty. Such :proceeds .shall be considered payments .and will be .applied as :provided in this Security .Instrument. This .assignment of:proceeds is 5Ubject to the tenns of .any prior mortgage, rleed of trust, .security .agreement or other lien .document. 18. JNSURAN CE. Mortgagor .shall.keep Property insured.against loss by fue, flood, theft.and other h:l7:1rð¡; .and:risks reasonably .associated with the Property due to its 1ype.and location. Tl1is immrnn~e.shall be m:lint:lineci ill the.amounts.and Ïor the periods that Lender requires. T.he insurance carrier :providing the insurance shall be .chosen by Mortgagor .subject 10 Lender's .approval, wl1ich5ha1lJlOt be unreasonably withheld. lfMortgagorfails to m:lint:lin the coverage described.above,Lendennay, atLender'5 option, obtain coverage to :protect Lender'.s rights ill the :Property .according to the 1erms of this Security lnstrnment. All insurance policies .and renew.als shall be .acceptable to Lender .and 5ha1l indnde a .sta.ndar.d "mortgage clause" .and, w.here .applicable, "loss payee clause." Mortgagor.shall immt:"iliMely notify Lender of ~:lncellMinn or t~nninMinn of the .insurance. Lender .shall have the right to .hold the policies .and IenewBls. If Lender requires, MOrtgagor .shall immediately give to Lender Jill :receipts of paid :preminms .and Ienew.al notiœs. Upon loss, Mortgagor.shall giveimmp.rli:ltp. notice to the insurance carrier .and Lender. Lender may.make proof of loss jf JlOt made imm~rliat~1y by MOrtgagor. TInless otherwise .agreed.m writing, Jill immr:ln~e proceeds .shall be .applied to the restnrnrinn or:repair of the :Property or to the Secured Debt, whether or not then.due, .atLender'.s option. Any 1I.ppl i~:lrinn of proceeds to prinr:ip:ll .shall JlOtextend or postpone the due .date of the ,,~herlnlp.èI payment nor change the .amount of .any payment. Any excess will be paid to MOrtgagor. If the Property is .acquired by Lender, Mortgagor'.s right to any in"'mm~ policies.and proceeds IeSU1ting.from ci:lmi'lze 10 the Property before the .acquisition.shall pass to Lender to the extent of the Secured Debt imm~cil:1tely beforethe.acquisition. 19. ESCROW FOR TAXES AND JNSIIRAN CE. Unless otherwise :provided .m .a 5epar.ate .agrrem~nt , Mortgagor will JlOtbe required 10 pay 10 Lender:funds£or taxes.and insnr:ln~e ill escrow. 20. FINANCIAL llEPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will :provide to Lender upon request, .any fin:lnr:i¡¡l .st:ltp.ment or infnnn:ltinn Lender may .deem reasonably :necessary. MOrtgagor.agrees to.sign., .deliver, .and:file.any .additional dor:nm~nts or certiñ~:lti('ms that Lender may consider -neœ!:!::liy to perfect, continue, .and :preserve MOrtgagor's obligations llIlder this Security 1nstnnnent .andLender'.s lien.sta.tus on the Property. 21. JOINT AND JNDIVlDUAL T JA lUT :TTY; CO-SIGNERS; SUCCESSORS AND ASSIGNS lIOUND. All rluties llIlder!his. Security lnstrnment are joint.and individual. ]f Mortgagor signs !his Security 1nstnnnent but.does.not.sign.an ~e of .debt, ::EQ15OD (10.12003 ~~¡~mm~~ :;jm~~~¡i~j~~;¡¡[;! "- .-- -~-- ---....._._.~--. ""-----.---- __·_"_··_______.u 091.7827 rn0~t;:6 ",':,,} J.... u Mortgagor does_ so only 10 .mortgage Mortgagor'-s interest:in íhe hoperty 10 -secure payment ofíhe Secured Debt lUld Mortgagor rioes .not llgfee 10 be personally liable on íhe Secured Debt. If 1his Security J.nstrument secures a guaranty between Lender lUld Mortgagor, Mortgagor agrees 10 waive any rights that may prevent lender ftom hrin.zjnz any action or claim ligaÌIlSt Mortgagor or IDlY pmty :indebted under 1he obligation. These rights may.include, but are :not limited to, any anti-nP.fidency or one-action laws. Mortgagor agrees that Lender lUld IDlY pmty 10 this Security J.nstrument may extend, JIlOdify or make any change:in íhe 1erms of this Security J.nstrument Dr any evidence of Liebt without Mortgagor's consent. Sucl1 a L:hange will :not :release Mortgagor ftom 1he 1enns of this Security J.nstrument. T.he.duties and benefits of this Security J.nstrument.shallbind and benefit íhe 5UCcessors lUld assigns of Mortgagor lUldlender. .22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. TlUsSecurity J.nstrumentis governed by 1helaws ofíhe jurisdiction in which1heProperty is located, ~ept to the extent otherwise Iequired by1helaws of1hejnri!:nictlnn where1he PIOPerty is located. This Security Instrument is complete lUld:fully :integrated. This Security lnstnunent may :not be :lmp.nnp.n of :modified by oral agreement. Any -SeCtion:in this Security 1nstrument, :ltt:lchmp.nt!:, or IDlY agreement Ielated to 1he Secured Debt that conflicts with .applicable law will :not be clIective, .unless that law expressly or implip.nlypermits íhe V:lri:ltinns by -written agreement. If any section of this Security J.nstrument cannot be enforced .according 10 its 1eDns, that section will be severed lUld will not lÚfeCt 1he :enforceability of 1he ]'em:linner of this Security 1nstnunent. W.henever used, 1he .singular .shall indnne 1he .Plural and i:he :plural the .singular. The captions lUld he:lnin~ ofíhe sections of this Security Instrument are for convenience .only lUld are not 10 be nsed to :inrerpret Dr Iiefine 1he 1enns of this Security J.nstrument. Time is of 1he essence :in this Security lnstmment. 23. NOTICE. Unless otherwise :required by law, any:notice.shall be given by Iielivering it or by ;":lilinz it by fust.class mail to íhe .appropriate pmty's .address Dll page 1 of 1his Security 1nstrument, or as .shown in Lender's :recOIds, or to any o1her :lnnTer:;s 1lesignated :in writing. 24. W.AIVERS. Except to 1he extent]U"nhihitf'iI by law, Mortgagor waives anyright:regarding 1he m:lTI:h:llliT\f ofliens lUld.assets, lUldJ1ereby :r~lp.:I!:Ïnf lUld waiv:Ïng.all:rights under and byvirtue ofíhe.homestead:exemption laws of this .state. .25. OTHER TERMS. If cl1ecked, íhefollowing are.applicable 10 this Security J.nstrument: ill Line of Credit. T.he Secured Debt :includes a :revolving line of credit provision. A11hough 1he Secured Debt may be :reduced 10 a zero b:ll:1nœ, this Security J.nstrument will Iemain:in dfect :until :released. @ Constroction Loan. This Security J.nstrument.secures an ohlitfltinn:incurred for íhe .constr1lctlon of animproVWIent Dll1hehoperty. :&:! ~ixture Filing. Mortgagor ~ to Lender 11 .security interest in.all goods that Mortgagor DWllS:newor in íhe:fu1:ure lIIld that are or will become:fixtures :rela1es to íhe .Property. Tlris Security J.nstrument ¡;nffi<;e!) as a iiT1:lm~in f 1'IT:ltemP.11t lIIld any .caIbon, photographic· or Dther :reproduction may be iiled of :record for:pmposes of Article 9 of 1he Uniform Commercial Code. :&:! Additional Terms. 26. .RIDERS. If Chf".çl(f'.d, íhe following are applic-,;¡h1e 10 this Security J.nstrument. The rovenants lUld.agreemeTlt!i of each ofíhe :riders che~ken below are incorporated :into and.supplement lUld mnend íhe 1enns of 1his Security Instrument. m Tlri:rd Party:Rider m leaseho1d:Rider :llill:I Other N I A SIGNATURES: By ¡;if?1iT\f below, Mortgagor agrees to íhe 1erms and covenants COTlt:linf'.d in this Security J.nstrument and:in any """hmeots. ~:::receiP' ofB oopy ofíhis Security '"""""'eo, OIl the dare 5tJIt<:d: 701; b (, o S Mortgagor Date. .c Mortgagor if II" / tJf:, IDa1e Mortgagor Date Mortgagor Date Mortgagor Date Mortgagor Date EQ150E (l012003) ACKNOWLEDGMENT: (Individual) STATE OF LA},! ð-h-\À~ COUNTY OF L llAJ!..o { 11\ The£nregoillg_~kdgalbeforemeby ~~~ íhis \0 pay of y,\\ ," 0 ~Zu (S' e of Officer) Ni)~Y PuJolì~ (Title nf Officer) My Commission"Expires: N l'nJ iMt~ :2 L( 2oa=¡ "-- -- ----,_. -.-----.._---_.'- ----- -- --_.--.--+ - . 0917827 ACKNOWLEDGMENT: (Individual) " STATE OFW \/ awL·, :-J I COUNTY OF L l' ~J-rfV\ Tl1e foregoing instmmentwas .acknOW~ before me by íhis---LO.-.dayof Ap ~ ~S~>nd~. . f} h-N -l ) (SIgoatur of Officer) Nd~1 8. LJoL'e.. (Title of Officer) My Cnmmi~~ionExpires: NchJ~~ 2-2; 2007 :EQ130F (1012003) ,.."'.'.'."i". rI~¡; ~1¡ ¡j;~jj¡;\¡ ~ tlf[~ ....-----...... --~~-- , . Lv-0---tJ W - ¡¡~ v:, , f)b. ICALDNI tW.L.. NOTARY PUBUC CCUlTYŒ ._. STAlEOF 1I«nN _ WYOUIHG Vi OOUYSsION EXPIRES NDY.22.2OOII . (Seal) ~i!-S KAI..OHI tWl. - NOTARY PJ.IBUC CCi.WTY", A. STAlEOF JJHCa.H _ WYOMWQ UY CCI&IISSlONECPIRES NDY.22.2IØ (Seal) . - no ..---c-----~_.- _, __,_,'.__.___ cnn~57. .....' U \..