Loading...
HomeMy WebLinkAbout874346 r"" 8 7 I} 3 L~ 6 FiECEIVED LINCOLN COUNTY CLERI< (') I'··,·, 'I {~I' " - J :1¡;:,! 1.1,·, I t:J . ~¡~;'-' , ! f- t ¡Ii " I ,.- . "., t, I E- R U(:,f"\·~i'\iL /\(:Ji\~ - \ I( E P ¡Ij ç r:,1 ¡-:: /:> \'1"(' Iì r, ~ k¡ II~ ... ~. 01 L~ .._~, 0; VI';, 'tV ;'6"") BOOK~1l . . C~LPR PAGE.__ Il.1l State of Wyoming Space Above This Line For Recording Data MORTGAGE (With Future Advance Clause) 1. DATE AND PARTIES, The date of this Mortgage (Security Instrument) is P.Iì·fV.QQ!................,......,............ and the parties, their addresses and tax identification numbers, if required, are as follows: MORTGAGOR: KATHLEEN PETERSON PO BOX 5209 ETNA, WY 83118 o If checked, refer to the attached Addendum incorporated herein, for additional Mortgagors, their signatures and acknowledgments. LENDER: THE BANK OF STAR VALLEY 384 WASHINGTON STREET PO BOX 8007 AFTON, WY 83110 83·0315143 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 performance under this Security Instrument, Mortgagor grants, bargains, conveys, mortgages and warrants to Lender, with power of sale, the following described property: LOT 27 OF THE STAR VALLEY RANCH PLAT 15, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. The property is located in ............,.............. __.. .LJN.ÇQ~N . . .. . .. . .. .. . .... .. .. .. . . ... , .. at n ~~9W .t9~.~~T.ÇI.~m....... .. . .. ... .... .. . .. (County) .., ... ... ...... ... ...... ... ... ... ... ... ... ...... ... ... ... ... ..., ...................... r.~~Y.~~... ... ... ... ... ... ... ., Wyoming ........ .~~) 7l... ... .. (Address ) (City) (ZIP Code) 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, fixtures, 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 $ ~.Q.P.QQ,.QQ.......................................... . 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 terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this Security Instrument. 4, SECURED DEBT AND FUTURE ADVANCES, The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debt(s) secured and you should include the final maturity date of such debt(s).) PROMISSORY NOTE DATED 6J27/2001IN THE AMOUNT OF $30,000.00. WYOMING· HOME EQUITY LINE OF CREDIT MORTGAGE (NOT FOR FNMA, FHLMC, FHA OR VA USE) ©1994 Bankers System., Ine.. St. Cloud, MN Form OCp·REMTG·WY 1017/98 (page 1 of 4) - - - ~ - . ...~~ '~""'''''' ..,..,~"....~"*" cJ Q;:tc liS - - r B6/ LlO I AM-ÐJ.W31:j-d::>O WJO~ NII'I 'pnol::J ·~S "oul "w,~,^S SJ,~u.8 1>661@ (Þ 10 l: a6r!d) o¡ Sp;);):>Old JO UOPB:>HddB ÁUV 'uopdo S ,l;)PU;)1 1B ';)np U;)lp 10U 10 l;)lp;)qA\ '1q;)Q ~m:>~s ;)lp 01 1O Á11~dold ~lp JO 11'Ed;)1 10 UOPB101S;)1 ;)lp 01 P~Hdd'E ;)q HBqS sp;);):>Old ~:>uBmsu1 HB 'í'luPPA\ u1 p~~lí'l'E ~S1A\1~lpO sS~lUfl 'lOí'lBí'l110W Áq ÁI;)1B1P~Will1 ~pBW 10U J1 ssoI JO Joold ;)J{BW ÁBW 1;)PU;)1 'l;)PU;)1 pUB 1;)P1B:> ~:mBmsu1 ;)q1 01 ;):>pou ;)1B1P~ww1 ;)A1í'1 HBqS 10í'lBí'IµOW 'SsoI uodfl 's~:>pou I'EA\;)U~l pUB SWn1W~ld P1Bd JO S1d1~:>;)1 HB 1;)PU;)1 01 ~A1í'1 ÁI~1B1P;)Wllf! HBqS 10í'lBí'l110W 's~11nb~1 1~pu~1 JI 'SIBA\~U~l pUB S~PHod ~q1 Ploq 0111{í'lp ~lp ~A'El( HBl(S 1~PU~1 '~:>uBmsu1 ~1{1 JO UOpBU!Wl~1 10 UO!1BII~:>UB:> JO 1~PU~1 ÁJPOU ÁI~1B1P~WW1 IIBl(S 10í'lBí'l110W II '~SnBp ~~ÁBd SSOI.. ';){qB:>HddB ~1~l(A\ 'pUB II~SnBp ~í'lBí'l11OW.. plBpUB1S B ~pnpU! HBl(S pUB 1;)PU~1 01 ~{qB1d~:>:>B ;)q IIB1{s SIBA\;)U~l pUB S~PHod ;):>U1unsu1 HV '1U;)Wtu1SUI Á1pn:>~s S1lp JO SWl~1 ~lp 01 í'lU1PlO:>:>B Á11;)dOld;)lp u1 S1l(í'lp S,l~pU:Y} 1:>~101d 01 ~í'lBl~AO:> u1B1q0 'uopdo s,l~pu~1 1B 'ÁBW 1~pu~1 '~AoqB p~qp:>s~p ~í'lBl~AO:> ;)lp u1B1U!BW 01 SUBJ 10í'lBí'l110W JI 'PI~l{lp!A\ ÁIqBuosB~lun ~q WU IIBl(s 1{:>1l(A\ 'IBAOlddB S,l;)PU~'1 01 p~rqns 10í'lBí'IµOW Áq u~sol(:> ;)q IIBl(s ~:>u1Ünsu1 ~lp í'lU1P1AOld l~plB:> ~:>uBmsu1 ;)tU 'S;)11nb~11ppU;)'11Blp spop~d ;)lp 10J pUB S1UnOWB ~lp U1 P;)U1B1U!BW ~q HBl(S ;):>UBmSU! S11{.L 'UOPB:>0I pUB ;)dÁ1 s11 01 ;)np Á11~dold ;)lp lp1A\ P~1BpOSSB ÁlqBuoSB~l SJ{Sp pUB SplBZBl( l~lpO pUB 1plp 'POO J '~lU Áq SSOI 1SU!Bí'lB p~msu1 Á11~dold d~~J{ IIBl(S 10í'lBí'l110W 'aJUB.msuI '1U~Wn:>Op U;)H l;)lpO 1O 1U~W;)~lí'lB Á1pn:>;)S '1Stu1 JO p~~p '~í'lBí'l110W lopd ÁUB JO SW1~1 ~lp 011J~rqns S1 Sp;);):>old JO 1U~UIUí'l1SS'E S!1{.L '1U;)Wtu1SUI Á1pn:>~s S1lp U1 P~P1AOld SB P~HddB ~q IHA\ pUB S1U~WÁBd P~1~P1SUO:> ~q IIBl(S Sp;)~:>Old l(:>ns . Á11~dold ~lp JO 11Bd ÁUB 10 lIB JO í'lU1J{B~ l~lpO 10 UOpBUW~pUOJ 'E lp1A\ P~1:J~UUOJ S~í'lBWBp 10J W1'EP 10 plBA\B Áut! JO Sp;);):>old ~l(1 l;)PU;)'1 01 SUí'I!SSB 10í'lBí'IµoW 'SW!BP 10 SUOP:>B p~qp:JS;)P ;)AOqB ;)1{~ JO ÁUB U! ;)WBU S,lOí'lBí'IµOW U1 ;)U~Al;)1U1 o¡ 1;)PU~1 saZpOlpnB 10í'lBí'l110W 'SUBaW lalpO ÁUB 10 'U!BWOP 1UaU!W;) 'UOpBUWapUO:> qí'lnOll(1 Áµ;)dOld ;)lp JO lIB 1O Áut! ;)){B110 ;¡sBl(:Jmd O~ S;)PPU;¡ :>nqnd lO ;¡~BApd Áq 'UOp:>B P;¡U;¡1l?:>11{1lO ¡:¡u1Pu~d ÁUl? JO ;):JP0T.l 1dutO.1d l;)pmn ;¡A1íi !HM. lO¡:¡B¡:¡~1OW 'JJ0!1eUlUapU0;J '1U;¡wdOI;)A;¡P 11Un P;¡UUBld 10 wn1U¡WOPUO:> ;¡lp JO SuopBlní'l;¡110 'SMl?I-Áq 'S1UBU;)AO:> ;¡lp l;¡pUn S;¡pnp S,lOí'I'Eí'l11OW JO HB wlop~d IHM. 10í'l'Eí'l110W '1u;)wdoI;)A;)P Hun pauuBld 'E 10 wn1U!WOPUO:> B U! 11un 'E s;)pnpu! Á11;¡dOld ;¡lp JI 'PI01{;¡SB;¡I 'E uo S1 1U;¡Wtu1SUI Á1pn:>~s S11{1 J1 ;¡SB;¡I ÁUB JO SUO!S1AOld ;¡lp lp1A\ Áldwo:> 01 S;¡;¡lí'lB 10í'lBí'I~10W 's}uawdoIaAaQ nUfl pauu8Id !SWO!U!WOPUO;) !sPIoqasBa1 '1U;¡Wtu1SII1 Á~pn:>;)S S1lp 10 A\'EI ;)lp l;)pUn S1l(í'lp 1;¡1{~0 S,l;)PU;)'1 JO ÁUB í'lU!SP1;¡X;¡ W01J 1;¡PU;)1 ;)pnp;)ld WU !HA\ W10J1;¡d 01 ;¡mUBJ S,l;)PU;)1 pUB 'W10p;)d 01 UO!1'Eí'lHqo UB a1t!al:> WU 1It!l(s 10í'l'Eí'l110W 10J wlopad o¡ ~l(í'lp S,l;)PU;)'1 ';¡:Jut!wlop;)d 10J ÁI'ESS;¡:>;¡U 1unowB ÁUB ÁBd 10 ;¡WBU s,loí'l'EäµoW uä1S 01 1:>BJ u1 Á;)UlOnB SB 1;)PU;¡1 S1U10ddB 10äBä110W 'p;)Wlop;¡d;¡q 01 W;¡l(~ ;¡sm:> 10 WlOJ1;¡d ';):JPOU 1nOlp1A\ 'Á'EW 1;)PU;¡1 '1U;)Wtu1SUI Á~!m:>as S1l(1 U1 P;)U1B1UO:> S1ut!U;¡AO:> ;¡lp JO ÁUB 1O Á1np ÁUB wloJlad 01 SU'EJ 10ä'Eä110W n 'W.I0J.Iad O} Â}!.Ioq}OV 'uop:J;)dSU1 S ,l;)PU;¡'1 uo Álal ÁBA\ ou u1 IHA\ 10äBäµoW put! 1Y;)U;¡q S ,l;)PU;)1 10J ÁI;)lPU;) ;)q 1I'El(s Á11;¡dOld ;)1{1 JO Uo!p;¡dsu! ÁUV 'U01P;¡dsu¡ al(~ 10J asodmd alqBuOSB;¡l B äU1ÁJP;¡ds uop:>;¡dSU1 UB ~lOpq 10 JO ;)llf!1 al(1 1B a:>pou 10äBäµoW aA1ä HB1{S lapua'1 'Á11;¡dOld ;¡l(1 äup:>;¡dSU1 JO asodmd ;¡lp 10J ;¡llf!1 ;¡IqBUOSB;¡l ÁUB 1B Á11adold ;¡lp l;¡~Ua 'uopdo S ,l;¡PU;¡11B 'Á'EW s~uaäB S ,lapu:Y} 10 1;¡Pua1 'Á11adold alp O¡ ;¡äBWBP 10 SSOI ÁUB JO put! 'loä'EäµoW 1SU!Bä'E SUOP:JB pUB SW!BP 'SäU!P;);):JOld 'SPUBW;¡P lIB JO 1;¡PU;¡1 ÁJPOU IHA\ 10í'l'Bí'I~10W '1uaSUO:J U;)1H1A\ lopd S ,l;¡PU;)1 ¡nolp1A\ ¡U;¡W;¡SB;) 10 1UBU;)AO:> ;¡Ap:>p~S;¡l ';¡SU;¡:>H ÁU'B U1 ;¡äU'Bl(:> ÁU'B ¡!Wl;¡d wu IHA\ 10ä'EäµoW '1U;¡SUO:> U;)npA\ lopd S,l;¡PU;¡'1 1nolp1A\ ;¡äU'El(:> ÁIIBpuB~sqns 10U IHA\ ;¡sn put! Á:>ut!dn:>:>o ;¡lp JO ;¡ltijBU ;¡lp ~'Blp S;¡;¡läB 10ä'Bí'IµoW 'Á¡ladold alp JO UOP'E10P;¡1;¡P 10 '¡UaW11'Bdllf! ';¡¡S'BA\ ÁUB A\OIre 10 HWillO:> ¡OU HBl(S 10ä'Eä¡lOW 'ÁI'ESS;¡:>;¡U ÁIqBUOS'B;)l ;)1'B ¡'Elp S11Bd;¡1 1I'E ;¡J{BW PU'B uOH1pUO:> pooä u1 Áµ;¡dOld ;¡lp d;¡a){ IHA\ lOä'Eä110W 'uo!1;)adsUI pUB SU0!1B.Ianv 'UOnIPUO;) µ;}dO.Id , ÁµadOld al{~ aAOldw1 10 U!B~U!'BW 01 SIBP;)~BW 10 lOq'BI Álddns 0l(A\ S;¡!µBd ¡SU!'EäB ;}A'E1{ ÁBW 10ä'BäµoW S;)Suapp 10 Sllf!BP 'S11{äp ÁU'B '1;)PU;¡1 Áq p;¡~S;¡nb;¡l S'B 'l;¡PU;¡'1 01 uí'l1SS'B 01 S;¡;¡lí'l'B 10í'lBí'I¡l0W '~uawtu¡suI Á1pn:J;¡S s1lp JO U;¡n ;¡lp 11'Bdw! PlnoA\ 1Bl(1 SW1'BP ÁU'B ¡SU!'Bí'I'B Áµadold ;¡l(¡ O¡ ;¡I¡P PU;¡PP IHA\ lOä'Bä¡lOW '1u;¡wÁ'Bd S ,lOä'Bä110W äupU;¡P1A;¡ S~d!;¡:>;¡l ;¡lp PU'E ;¡np ;¡1'B S1UnOW'B l(:Jns 1'Bl(1 S;¡:>pou H'B JO S;¡1do:> 1;¡PU;¡1 O¡ ;¡P1AOld 01 10ä'Bä¡lOW ;¡11nb;¡1 Á'BW l;¡PU;¡'1 ';¡np U;¡1{A\ Á11;¡dold ;¡lp 01 äU¡¡'BI;¡l s;¡ä.rnl(:> 1;¡l(¡0 PU'B 's;¡PHpn 'S1U;¡1 punolä 'S¡u;¡wÁBd ;¡SB;¡I 'S;¡:m'Blqwu:>U;¡ 'SU;¡H 'S~U;¡WSS;¡SSB 'S;¡X'B~ lIB ÁBd IHA\ 10ä'Eä¡10W ';}n!.L }SU!BgV SW!BI;) 'I'BAOldd'B U;¡npA\ lopd S,l;¡pu;¡11nOlp1A\ ¡U;¡WU:JoP U;¡H;¡lp Áq p;¡m:>;¡s ¡U;¡W;);¡lä'B 10 ;¡¡OU ÁUB l;)pUn S;):>U'BAp'E ;)ltijtlJ Áut! 1s;¡nb;¡1 O¡ 10U 'JO U01SU;¡1X;¡ 10 UOp'B:JY1POW ÁU'B A\01I'B O~ WU S;¡;¡läB OSI'B lOä'BäUOW 'S1U'BU;)AO:> 1I'B lp1A\ Áldwo:> 10 W10p;¡d O~ PU'E ;¡np U;¡l(A\ S~u;¡wÁBd HB ;)){'EW O~ S;);)läB 10ä'Bí'I¡l0W 'Á¡l;¡dOld ;)lp UO ;¡:JU'ElqWU:>U;¡ 10 ¡S;¡l;¡~U! Á11m:J;¡S lopd 'E P;¡¡'B;¡l:J 1'Blp ~u;¡wn:>op U;¡H l;¡lpO 10 1U;)W;);¡lí'lB Á1!m:>;¡S '1Stu¡ JO P;);¡P ';¡äBäUOW l;¡lpO ÁU'E O¡ Pl'Bí'I;¡l lp!A\ 's}sa.Ia}UI Â}POJ;JS .I0Pd '1U~Wtu1SUI Á1Pn:>;¡S S!lp PU'B 1q;)Q p;¡m:J;¡S ;¡lp JO sWla1 ;¡lp lp1A\ ;¡:>UBplO:>:>'B U1 PU'B ;¡np U;¡1{A\ P1'Bd ;¡q IHA\ 1q;¡Q pam:>;¡s ;¡l(¡ l;¡pUn S1U;¡wÁ'Ed tI'B ~Blp S;¡;¡lí'l'B 10ä'Eä¡lOW 's')uaWÂBd 'U1'Bä'B Su;¡ddB1{ ¡! J! l(:>'E;¡lq 'B ¡UaA~ ;¡lp lap1suo:> l;¡¡'BI O¡ 1l(í'lp S ,l;¡PU;¡1 ;¡A1BA\ ¡OU S;¡OP l;¡PU;¡'1 'l(:JB;¡lq S ,lOí'l'Bí'IµOW UO Á~W;¡l lalpp í'lu1splaxa 10U Ág 'Hwn ¡W;¡l:J a1{~ a:>npal PU'B ¡1pal:> JO SU01SU;¡¡X~ I'BUOP1PP'B a)'{'Ew O¡ aStlJal ÁBW l;¡pua'1 'UOP:J;¡S S1l(1 U1 ¡UBU;¡AO:> ÁU'B S;¡l(:JBalq 10ä'Bí'I¡lOW n '¡uawtu¡SUI Á¡pn:>as S!lp put! 1q;¡Q p;¡m:>as alp l~pun SUOP'Bí'lHqo I'Bpa¡'EW alB uop:>as S1lp U1 S¡UBU;¡AO:> ;¡1{1 ¡'Blp S;¡~lí'l'B 10í'lBí'l110W 'S..LNVN:ilAO;) 3DVÐHIOW ') '(uop:>as S1lp JO V qd'EläBl'Bd U1 pa:>ual~pl S1q~p alp 10) ¡S;¡la1U1 Á¡pn:J~s alp aA1'BA\ ¡OU S;¡OP ~nq) ¡U;¡wtu~SUI Á¡pn:>as s1lp Áq pa~'Bal:J S! 1Blp í'luHPA\P I'Bdpupd s,loí'l'Bä¡loW ;¡1{1 U! ¡S;¡1;¡1U! Á1pn:>~s ~u;¡nbasqns ÁU'B S;¡A1'EA\ 1;¡PU;¡1 'uoP:J;¡S s1lp )0 a l(d'Elí'l'Bl'Ed l;¡pUn pam:>as SS;¡Up;¡1qapU! IBUO!11PP'B ÁU'E O¡ p;¡dSal lp1A\ u01SSPS;¡1 )0 11{í'lp ;¡lp JO ~:>pou ÁIBSS;¡:J~U ÁU'E ;¡P!AOld 01 SUB) lapU;¡'1 ¡'Blp 1UaA;¡ ;¡lp UI '¡uawtu~SUI Á¡pn:>as S!l(~ JO SW1~¡ ;¡lp l~pun lapua'1 Áq palln:>u1 sasu;)dxa pUB P;¡:>U'BAp'E swns lalpO ÁU'B put! anIBA SH PU'E Á~l;¡dOld al(~ í'lup:Ja¡old as!A\lalpo 10 í'lU!AlaSald 'í'lupnSU! 10J l;)pua'1 Áq palln:>u1 sasuadx;¡ PU'B pa:>ut!Ap'E swns I'BUOH1PP'B HV'Q 'l;¡PU;¡1 PU'B 10í'lBí'lUOW ua;¡A\1;¡q ~U;¡W;¡;¡lí'l'E 1unO:>:>B HSod;¡p Áut! 01 í'lUPt!I;¡l SU'B1Pl;¡AO 10) sapHN'EH '01 pa11wH WU ¡nq 'í'lu1PnpU! 'A\BI Áq ~11q!1{01d 10U ~U;¡¡X;¡ alp O¡ ~asp'B 1;¡1BI Á'BW l(:>1l(A\ 'lapua'1 O¡ S;¡A\O 10í'l'Eí'I¡lOW suoPBí'lHqo lalpo HV ';) 'í'luPPA\ a11U'Bdas 'B u1 o¡ pa;¡lí'l'B aq 1snw 1uaW¡1WillO:J q:Jns ÁuV '¡UnOWB ÁU'B U! S~:>UBApt! 10 SUt!oy alt1¡tlJ 10 I'BUOH1PPt! a){t!w o~ ¡uaw1!Wwo:> B a1tijpSuo:> HBl(S ¡U;¡Wtu1SUI Á¡pn:>as S!lp U! í'lU¡lpON '¡U~Wtu1suI ÁHm:>;¡s s1l(~)0 ;¡~'Ep alp uo ;¡P'EW)1 S'E p;¡m:>as ;¡lB suopBí'lnqo altijtlJ 1;¡l(~0 pU'E sa:>U'EApB ;¡ltijtlJ HV 'P;¡:Jut!ApB ~q ~aÁ ¡OU ÁBW UBd 10 HB l(í'lnolp uaAa ¡uawtu~suI Á¡pn:Jas S!1{¡ Áq pam:>as alB suopBí'lnqo ;¡ltijtlJ lalpO pUB S;¡:JUBAP'E am~tlJ HV 'Slal(W pUB 10í'lBí'I¡l0W alOW 10 ;¡UO ÁUB 10 'loí'l'Bí'I¡lOW ;¡lOW 10 auo Áut! Áq palln:Ju1lO O¡ uaA1í'1 ;¡1'E 1Blp suopBí'lnqo am1tlJ PU'B sa:>U'BApB a1tijtlJ H'B :un:>;¡s IHA\ ~uawtu1SuI Á11m:>;¡S s1l(~ 1Bq~ S;¡~lí'lB lOí'lBí'l110W l(:JB;¡ '1U;¡wtu1suI Á1!m:>;)s S11{1 SUí'I!S uosl;¡d ;)UO U'Elp ;)lOW)1 'P;¡:>U;¡l;));)l ÁHB:>yp~dsS11U;)wtu1suI Á1pn:>~s S1lp WU 10 l~lp;¡qA\ ¡U;)wru1suI Á1pn:>as S1l(~ l~UB p;¡1n:>;¡X;¡ lapU;)'1 JO lOABJ u¡ 10í'lBí'l110W Áq p;¡1n:J;¡X;¡ 1q;¡P JO ;¡:>U;¡P1A;¡ l;¡lpO 10 'Á1U'El'Ení'l '¡:>'B11UO:> ';)WU Á10SS1IDOld Áut! l;¡pUn l;)PU~'1 01 10í'lBí'I¡10W JO suopBí'lnqo ;¡ltijtlJ 1;¡l(10 10 10í'lBí'l110W 011;)PU;¡1 W01J S;):>UBAPB ;)ltijtlJ HV 'a ,., TT _ J - !;1ìf~tJ~~J~O - ~ O \'., ; '-1 {I "j ('I f',- c:S t 1" -t' ,..) 11~ 'principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Mortgagor. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. ~inanci~l Reports and Additional Documents, Mortgagor will provide to Lender upon request, any financial statement or mformatlon Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and Lender's lien status on the Property. 6, DUE ON SALE, Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, a transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. 7, DEFAULT, Mortgagor will be in default if any of the following occur: Fraud, Any Consumer Borrower engages in fraud or material misrepresentation in connection with the Secured Debt that is an open end home equity plan. Payments, Any Consumer Borrower on any Secured Debt that is an open end home equity plan fails to make a payment when due. Property, Any action or inaction by the Borrower or Mortgagor occurs that adversely affects the Property or Lender's rights in the Property. This includes, but is not limited to, the following: (a) Mortgagor fails to maintain required insurance on the Property; (b) Mortgagor transfers the Property; (c) Mortgagor commits waste or otherwise destructively uses or fails to maintain the Property such that the action or inaction adversely affects Lender's security; (d) Mortgagor fails to pay taxes on the Property or otherwise fails to act and thereby causes a lien to be filed against the Property that is senior to the lien of this Security Instrument; (e) a sole Mortgagor dies; (f) if more than one Mortgagor, any Mortgagor dies and Lender's security is adversely affected; (g) the Property is taken through eminent domain; (h) a judgment is filed against Mortgagor and subjects Mortgagor and the Property to action that adversely affects Lender's interest; or (i) a prior lienholder forecloses on the Property and as a result, Lender's interest is adversely affected. Executive Officers, Any Borrower is an executive officer of Lender or an affiliate and such Borrower becomes indebted to Lender or another lender in an aggregate amount greater than the amount permitted under federal laws and regulations. 8, REMEDIES ON DEFAULT, In addition to any other remedy available under the terms of this Security Instrument, Lender may accelerate the Secured Debt and foreclose this Security Instrument in a manner provided by law if Mortgagor is in default. In some instances, federal and state law will require Lender to provide Mortgagor with notice of the right to cure, or other notices and may establish time schedules for foreclosure actions. At the option of the Lender, all or any part of the agreed fees and charges, accrued interest and principal shall become immediately due and payable, after giving notice if required by law, upon the occurrence of a default or anytime thereafter. Lender shall be entitled to, without limitation, the power to sell the Property. The acceptance by Lender of any sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Lender's right to require complete cure of any existing default. By not exercising any remedy on Mortgagor's default, Lender does not waive Lender's right to later consider the event a default if it happens again. ' 9, EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS, If Mortgagor breaches any covenant in this Security Instrument, Mortgagor agrees to pay all expenses Lender incurs in performing such covenants or protecting its security interest in the Property. Such expenses include, but are not limited to, fees incurred for inspecting, preserving, or otherwise protecting the Property and Lender's security interest. These expenses are payable on demand and will bear interest from the date of payment until paid in full at the highest rate of interest in effect as provided in the terms of the Secured Debt. Mortgagor agrees to pay all costs and expenses incurred by Lender in collecting, enforcing or protecting Lender's rights and remedies under this Security Instrument. This amount may include, but is not limited to, reasonable attorneys' fees, court costs, and other legal expenses. This amount does not include attorneys' fees for a salaried employee of the Lender. To the extent permitted by the United States Bankruptcy Code, Mortgagor agrees to pay the reasonable attorneys' fees Lender incurs to collect the Secured Debt as awarded by any court exercising jurisdiction under the Bankruptcy Code. This Security Instrument shall remain in effect until released. Mortgagor agrees to pay for any recordation costs of such release. 10, ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES, As used in this section, (1) Environmental Law means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2) Hazardous' Substance means any toxic, radioactive or hazardous material, waste, pòUutant or contaminant which has characteristics which render the substance dangerous or potentially . dangerous to the public health, safety, welfare or environment. The term includes, without limitation, any substances defmed as "hazardous material," "toxic substances," "hazardous waste" or "hazardous substance" under any Environmental Law. Mortgagor represents, warrants and agrees that: A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance is or will be located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous Substances that are g¡;nerally recognized to be appropriate for the normal use and maintenance of the Property. B. Except as previously disclosed and acknowledged in writing to Lender, Mortgagor and every tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. C. Mortgagor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occurs on, under or about the Property or there is a violation of any Environmental Law concerning the Property. In such an event, Mortgagor shall take all necessary remedial action in accordance with any Environmental Law. D. Mortgagor shall immediately notify Lender in writing as soon as Mortgagor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release 'of any Hazardous Substance or the violation of any Environmental Law. (page 3 of 4) ©1994 Banke" Systems, Ino" St. Cloud, MN Form OCP-REMTG-WY 10/7/98 - - - r " U~fïL1345 118 11, ESCROW FOR TAXES AND INSURANCE, Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 12, JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND, All duties under this Security Instrument are joint and individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Mortgagor, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. 13, SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 14, NOTICE, Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors, 15, WAIVERS, Except to the extent prohibited by law, Mortgagor waives any right regarding the marshalling of liens and assets and all homestead exemption rights relating to the Property. 16. LINE OF CREDIT, The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. 17, APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws of the jurisdiction where the Property is located, and applicable federal laws and regulations, 18, RIDERS, The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] o Assignment of Leases and Rents 0 Other.....................................................................,...................·..··.... 19, 0 ADDITIONAL TERMS, SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortgagor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ¡~ )KAiiÙiN;m{;~..·······~µ1µ~-;.). ............................................................................ (Signature) (Date) ACKNOWL~~:~~FT.~Y.Q~J~.G................. ................., COUNTY OF ..£,. f.1 £.lJ.Îhd..........................} Ss. (Individual) 'l1Üs instrument was acknowledged before me this ....,...fm!....... day of :-!~~.E,.~99.1...................,.................... ~y'~~~~i~~~~:~:~~i~~~':" i~'ï1:~~1"""" ... ... ... ..' .~. ...... ........ ............... .,...;...}................ ................ . (Seal) ... .. . ~ ~LhÁ-<:............... (Notary Public) / Sharon Walker Notary Public County of _ State of Lincoln ., Wyoming Mv Commission Expíres June 14. 2004 ©1994 Banke.. Systems. Inc., 5t, Cloud, MN Form OCp·REMTG·WY 10/7/98 _. - (page 4 of 4) -