HomeMy WebLinkAbout917839
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RECEIVED 4/27/20061)t.2:12 PM
RECEIVING~ 917839
BOOK: 618 PAGE: 102
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
:I MORTGAGE I
MIN
~DDD.2544DDD3l27.27B
~
THIS MORTGAGE ,ismade íhis .2 D day of
BTEPRANIE Jd LOMELI. .a :JD.arri£d woman
April
2DD6
, between the Mortgagor,
(herein "Borrower"), and the Mortr,(I['ee,
Mortgage.Electronic Registration Systems, Inc. ("MERS"), (solely m; nominee for Lender, m; herclru!.fter defined, .and L-ender's
successors .and .m;signs).MERS .is or.g3llized .and existing under the laws of Delaware, 1IIld .has 1IIl.address and telephone number of
P.O. Box2026, Flint, MI48501-2026, tel. (888) 679-MERS.
":JmM1\.~ 33RO"TEERS1!ANK, :F.5B,A :F'¡~TlRR:r.T. EAVINGS 1!ANK
fiisting under the laws of 1INITED BTIcrES
327 :I:NVERNESE :mŒVE BOD'TH, :ENGLEWOOD, CO BDJ.J.2
, (''.Lender ") .is or.gmrizedand
, .and.has1lIl .address of
WHEREAS, Borrower is indebted to.Lender ID the principal sum of U.S. $ -4D, DDD.OO , which
indebtedness is evidenced by.Borrower's note dated A.:pril 20, .2 00 6 ;md -extensions and T:eIlewills
thereof (herein "N ote"), prov,iding for monthly inst~ llmp.nt~ of principilland .interest, with the balance of .indebtedness, ,if not sooner
]:1100, due.and pay<ible on .May.J., 20.2l
TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest llrereon; the paynrem of a]]
other sums, with .interest thereon, .advanced .in lICcordanceherewith to protect the security of this Mortgage; and the perfoTIIlaJ1L'e of
the coverumts.and .agreements of Borrower .herein contained, .Borrower does hereby mortgage, ~rant.and convey to MERS (solely
.m; nominee for Lender and Lender's successors .and m;signs) mlil to the successors and.m;sìgns of .MERS, with power of sale, the
following described property 10C1lted in:the County of .Lincoln
State of Wyoming:
LOT :9.5, ALPINE \TTT;T.:r. r.m BIDID.IV:ŒION, .NO. ~, :PLA"T 3, :AMENDED, BIXTE :FILING,
LINCOLN COUNTY, -wYOMING i ACCORDING "TO 'TIlE. :PLAT.:FILED :IN :œE DFFICE DF :œE
LINCOLN COUNTY CLERK :MARCH 2, 2D05.AS :PLAT .NO. :96-D.
This R-ealEBtat-e Mortgag-e is B-econd and su"bj€Ct ONLY to a FirstR-eal
Estat-e Mortgag-e T-€cording c.onC:.u:r;r-ently l:1er-ewit'b in favor of Mortgag-e
:Ei'ectrOirlc Œégi~ffQì1ISÿ1ft.4~\ tJm¿.f;Wdat'ifa A-pril 20, 2006, in toe
original amount of $345,000.00.
1¿?
which.has the .address of
ALPINE
:9B6 TIE JiIGRWAY 26
[City], Wyoming B31..2B
¡Slncel
¡ Zip Cnde ¡ (hereì n "Property A c1ri ress ")_
TOlililHJ:iR with;ill:the .improvements now o~ hereafter erected on the propeny, and illl easemems, ri.glus, apµunenancès and
Tents,;ill a! w~ shall be deemed to be .and r~ ~ part of the propeny covered by this Mortgage; and all of the fOrtgolr4!,
together with said property (or the leasehold estate if this Mortgage IS on <i.leasehold) .are hereinafter referred to as tlre "Propeny."
Borrower understands .and ß.gffeS that MER.S .holds only legal title to the mterests gnmted by Borrower in this Mortgage; but, if
.neces~ to comply with ~w or cus.tom, ~RS, (as n?~nee for Le~er ID1~ Lender's successors and assigns), has the right: to
exerCISe 1IIlY or;ill of those mterests, mr.1nn1lll, but not limited to, the right to foreclose.and sell the Property~ and to take any action
required of Lender including, but not limited to, releasing or canceling íhisMortgage.
Borrower covenants that Borrower .is lawfully seised of the estate hereby conveyed ;md.has the right to mortgage .grant and
convey :the Property, ;md that :the .Property is lInenr.lImhered, except for -encumbrances of record. Borrower co~nants tlmt
Borrower warrants .and will defend .genenùly :the title to the Property against llll claims ;md demands, subject to :encumbrances· of
r:ecord.
UNIFORM COVENANTS. Borrower ;md Lender covenant and ß.gfee.m; follows:
1. P<iymen! of Prmcipal .and Interest. Borrower shall promptly pay when due 1l1e principal .and interest indebtedness
:evidenced by the Note.and late charges m; provided.in the Note.
2. FUIlds for T2XeS .and InsllT~œ: Subject ~o <ipplicable law or 11 written waiver by Lender, Borrower shall pay to Lender
on :the day monthly payments of pnDClpal .and mterest are pay<ible under the Note, until the Note is p<iid in full, 11 sum
S-ì6N(WY) (0308)
@
Page ì of4
VMP Mortgage SolutioDs. Iru:. (800)521-1291
InitiaIs:~
Fonll 3851
· ......2101
WYOMING - SECOND MORTGAGE - 1/80 - FNMAIFffiMC UNI;FORM lNSTRUMENT WITHMERS
~
091.7839
100025440003127278 (. n n 1 q 3
0037958584 . I./~. t.
(herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and plamled unit development
assessments, if any) which may attain priority over this Mortgage and ground rents on the Property, if any, plus one-twelfth of
yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any.
all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates
thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such
payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender.
If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are insured or
guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said
taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing
said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and
applicable law pennits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law requires such
interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
Borrower, without charge, an ~mnual accounting of the Funds showing credits and debits to the Funds and the purpose for which
each debit to the Funds was made. TIle Funds are pledged as additional security for the sums secured by this Mortgage.
If the amount of the Funds held by Lender, together with the future nionthly installments of Funds payable prior to the due
dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments.
insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to
Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be
sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any
amount necessary to make up the deficiency in one or more payments as Lender may require.
Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds held by
Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply. no
later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
application as a credit against the sums secured by this Mortgage.
3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and
paragraphs 1 and 2 hereof shall be applied by Lender first in payment of anlOunts payable to Lender by Borrower under paragraph
2 hereof, then to interest payable on the Note, and then to the principal of the Note.
4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perfonn all of Borrower's obligations under any
mortgage, deed of trust or other security agreement with a lien which has priority over this Mortgage, including Borrower's
covenants to make payments when due. Borrower shall payor cause to be paid all taxes, assessments and other charges. tines and
impositions attributable to the Property which may attain a priority over this Mortgage. and leasehold payments or ground rems. if
any.
5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
against loss by fire, hazards included within the tenn "extended coverage," and such other hazards 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 Borrower subject to approval by Lender; provided, that such
approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a fOIlTl acceptable to Lender
and shall include a standard mortgage clause in favor of and in a fonn acceptable to Lender. Lender shall have the right to hold the
policies and renewals thereof, subject to the tenns of any mortgage, deed of trust or other security agreement with a lien which has
priority over this Mortgage.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if
not made promptly by Borrower.
If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date notice is
mailed by Lender to Borrower 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.
6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
shall keep the Property in good repair and shall not commit waste or pennit impairnlent 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, Borrower shall perfonn all of Borrower'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.
7. Protection of Lender's Security. If Borrower fails to perfonn 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 Borrower, 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, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
requirement for such. insurance tenninates in accordan~e with Borrower'~ al!d Lender's written agreement or applicable law.
Any anlounts disbursed by Lender pursuant to tlus paragraph 7, With mterest tllereon, at tlle Note rate, shall become additional
indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to otller tenns of payment, such amounts
shall be payable upon notice from Lender to Borrower requesting payment thereof. Notl1ing contained in tllis paragraph 7 shall
require Lender to incur any expense or take any action hereunder,
8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of tlle Property, provided tllat
Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in
the Property.
9. C~ndemnation. ,!'he proceeds of any award or claim for damages, direct or consequential, in connection Witll any
condemnatl?n or other takin~ of tlle Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and
shall be paid to Lender, subject to the tenns of any mortgage, deed of trust or otller security agreement with a lien which has
priority over this Mortgage. .
10. Borrowel' Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of
amortiz~tion of the sums se~ur~~ by this Mo~t~age granted by Lender to any successor in interest of Borrower shall not operate to
release, 111 any l11al1~ler, tlle .Ilabillty of the ongll1al B~rrower and B~rrower's successors in interest. Lender shall not be required to
commence pr~ceedll1gs agall1st such successor or refuse to extend tune for payment or otherwise modify amortization of the sums
secured by tlus Mortga.ge by r~~son of a~y demand made by the original Borrower and Borrower's successors in interest. Any
forbearance by Lender 111 exerclSlng any nght or remedy hereunder, or otllerwise afforded by applicable law, shall not be a waiver
of or preclude the exercise of any such right or remedy.
_ .76N(WY) (0308)
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Page 2 of4
hUliaÇ1_ .
.-. ~ Form 3851
:m;ffi~~~m:
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0917839
1C)
:1';::11
1000254400Ò.rl. 2-'78 t··\ 0 1'\ 4
0037958584 '- tJ U
11. Successors and 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 Borrower, subject
to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who
co-signs this Mortgage, but does not execute the Note, (a) is co-signing this Mortgage only to mortgage, grant and convey that
Borrower's interest in the Property to Lender under the terms of this Mortgage, (b) is not personally liable on the Note or under
this Mortgage, and (c) agrees that Lender and any other Borrower hereunder may agree to extend, modify, forbear, or make any
other accommodations with regard to the terms of this Mortgageor the Note without that Borrower's consent and without releasing
that Borrower or modifying tlùs Mortgage as to tllat Borrower's interest in the Property.
12. Notice. Except for any notice required under applicable law to be given in anotller maliller, (a) any notice to Borrower
provided for in tlùs Mortgage shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower at
the Prop~rty Address or at such other address as Borrower may designate by notice to Lender 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 Borrower as provided herein. Any notice provided for in this Mortgage shall be deemed to have been given to
Borrower or Lender when given in the manner designated herein.
13. Governing Law; Severability. The state and local laws applicable to this Mortgage shall be tile laws of tile jurisdiction in
which the Property is located. The foregoing sentence shall not linùt the applicability of federal law to tllis Mortgage. In the event
that any provision or clause of tlùs Mortgage or the Note conflicts with applicable law, such cont1ict shall not affect otller
provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this end tile provisions
of this Mortgage and the Note are declared to be severable. As used herein, "costs," "expenses" and "attorneys' fees" include all
sums to the extent not prohibited by applicable law or limited herein.
14. Borrower's Copy. Borrower shall be furnished a conformed copy of tile Note and of this Mortgage at the time of
execution or after recordation hereof.
15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilitation,
improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option, may require
Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assignment of any rights, claims or defenses which
Borrower may have against parties who supply labor, materials or services in cOlillection with improvements made to the Property.
16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is
sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without
Lender's prior written consent, Lender may, at its option, require immediate payment in full of all SlilllS secured by tllis Mortgage.
However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Mortgage.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less
tllan 30 days from the date the notice is delivered or mailed witlùn which Borrower must pay all sums secured by this Mortgage. If
Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
Mortgage without further notice or demand on Borrower.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of any covenant or
agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage.
Lender prior to acceleration shall give notice to Borrower as provided in paragraph 12 hereof specifying: (1) the breach;
(2) the action required to cure such breach; (3) a date, not less than 10 days from the date the notice is mailed to Borrower.
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. The notice shall further inform Borrower 01' the right to
reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other defense
of Borrower to acceleration and sale. If the breach is not cUl'ed 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 invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
collect all reasonable costs and expenses incurred in pursuing the remedies provided in this paragraph 17, including, but
not limited to, reasonable attorneys' fees.
If Lender invokes the power of sale, Lendel· shall give notice of intent to foreclose to Borrowel· and to the person in
possession of the Property, if different, in accordance with applicable law. Lender shall mail a copy ora notice of the sale to
Borrower in the manner provided in paragraph 12 hereof. Lender shall publish the notice of sale and the Property shall be
sold in the manner prescribed by applicable law. Lender or Lender's designee may purchase the Property at any sale. The
proceeds of the sale shall be applied in the following order: (a) to all reasonable costs and expenses of the sale, including,
but not limited to, reasonable attorneys' fees and costs of title evidence; (b) to all sums secured by this Mortgage; and (c)
the excess, if any, to the person or persons legally entitled thereto.
18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of tile swns secured by tlùs Mortgage due to
Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued
at any time prior to tll~ earlier to occur of (i) the fifth day before sale of tile Property pursuant to tile power of sale contained in this
Mortgage or (ii) entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due
under this Mortgage and the Note had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or
agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the
covenants and agreements of Borrower contained in this Mortgage, and in enforcing Lender's remedies as provided in paragraph
17 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as Lender may reasonably
require to assure tllat tile lien of this Mortgage, Lender's interest in the Property and Borrower's obligation to pay the sums secured
by tllis Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage andùle obligations secured
hereby shall remain in full force and effect as if no acceleration had occurred.
19. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, Borrower
hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 17 hereof or
abandonment of the Property, have the right to collect and retain such rents as they become due and payable.
. -76N(WY) (0308)
<!)
Page 3 of4
InitiaIS:~
~ Fonll 3851
10.
;"7'
100025440003127278
OG178:19 . 0037958584 r n r ., n 5
'úpon accèIêration under paragraph 17 hereof or abandonment of the Property, and at any time prior to the expiration' of aí1). I
period of redemption following judicial sale, Lender, in person, by agent or by judicially appointed receiver, shall be entitled 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 Lender or 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, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the
sums secured by this Mortgage. Lender and the receiver shall be liable to account only for those rents actually received.
20. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to
Borrower. Borrower shall pay all costs of recordation, if any. ,
21. Waiver of Homestead. Borrower hereby waives all right of homestead exemption in the Property.
Rider Attached
REQUEST FOR NOTICE OF DEFAULT
AND FORECLOSURE UNDER SUPERIOR
MORTGAGES OR DEEDS OF TRUST
Borrower 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, Borrower has executed this Mortgage.
STEP¥
~&7-- ~~J ~
(Seal)
(Seal)
-Borrower
-Borrower
(Seal)
(Seal)
-Borrower
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
[Sign Original Only]
STATE OF WYOMING,
L-f!0Cé>wÙ
County ss:
The foregoing instrument was acknowledged before me this
by "5+-L-p~ 14. ~~ ~
L( {?-ý [è>f" .
l::xvu¿ d L-o ~
My Commission Expires: {Of tÇ; f 2001
k~d.~
N 01.", "'hi;'· .
. ~
t . KAflEN 1. WYUE... N. 'OTAflY flUB. LlO
, County of: t¡.~ State of
.. Lir¡ccfn ",¿ifl~ W¡omJng
: M~r Cc,:rm!ss!on Ex,,¡r8s (tJ
·~·".::..··~·~~~~~"'V"w~~·~~~
. -76N(WY) (0308)
@
Page 4 of4
FClfm 3SS1
0917839
100025440003127218fl01()6
0037958584
BALLOON RIDER
SECOND MORTGAGE
This Balloon Rider is made this 20th day of Apr i 1 2006 and is
incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Tmst or Security
Deed (the "Security Instmment") of the same date given by the undersigned (the "Borrower") to secure
Borrower's Note (the "Note") to
LEHMAN BROTHERS BANK, FSB
(the "Lender") of the same date and covering the property described in the Security Instnlluent and
located at
986 US HIGHWAY 26
ALPINE, WYOMING 83128
(the "Property").
Additional Covenants. Notwithstanding anything to the contrary set forth in the Note or
Security Instmment, Borrower and Lender further covenant and agree as follows:
THIS LOAN IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE
ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE.
LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. YOU
WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT
YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER, WHICH MAYBE THE
LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY. IF YOU
REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF
THE CLOSING COSTS NORMALL Y ASSOCIATED WITH A NEW LOAN EVEN IF YOU
OBTAIN REFINANCING FROM THE SAME LENDER.
By signing below, Borrower accepts and agrees to the terms and covenants contained in this
Balloon Rider.
(Seal) (Seal)
STEPHANI LOMELI
~~~L (Seal) (Seal)
(Seal) (Seal)
(Seal) (Seal)
Form 651
DIS0681
page 1 of 1
5/1/01
~ I ",. .
091.7839
100025440003127278
0037958584 (. i"\ ,(1 I Í¡ 7
.~ l l} ...l ' ,
BALLOON NOTE ADDENDUM
SECOND MORTGAGE
This Balloon Note Addendum is made this 20th day of April, 2006
and is incorporated into and shall be deemed to amend and supplement the Note of the same date (the
"Note") made by the undersigned (the "Borrower") to evidence indebtedness to
LEHMAN BROTHERS BANK, FSB
(the "Lender"), which debt is secured by a Mortgage or Deed of Tmst or comparable security instmment
(the "Security Instmment") of the same date and covering the property described in the Security
Instnul1ent and located at
986 us HIGHWAY 26
ALPINE, WYOMING 83128
(the "Property").
Additional Covenants. Notwithstanding anything to the contrary set forth in the Note, Borrower
and Lender further covenant and agree as follows:
THIS LOAN IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE
ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE.
LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. YOU
WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT
YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER, WHICH MAY BE THE
LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY. IF YOU
REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF
THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU
OBTAIN REFINANCING FROM THE SAME LENDER.
If, on May 1, 2021 I still owe amounts under this Note, I
will pay those amounts in full on that date, which is called the "Maturity Date."
All other provisions of the Note are unchanged and remain in full force and effect.
WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED:
~~~
(Seal)
(Seal)
(Seal)
(Seal)
(Seal)
(Seal)
(Seal)
(Seal)
Form 650
DIS0691
page 1 of 1
5/1/01
~.-nW¡'¡';';'l;' ..j~
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