Loading...
HomeMy WebLinkAbout940784 - . Return To: Archer Land Title . "301 W. Warner Rd, Ste 136 Tempe, AZ 85284 (480) 705-9622 Prepared By: RECEIVED 7/24/2008 at 4:01 PM RECEIVING # 940784 BOOK: 700 PAGE: 715 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Danie11e Langworthy M&T Bank 6143 $, Wi1~ow Drive #410 Greenwood Village, CO 80111 ~¡O~715 .l~<¡S' Ö~ Ð ~ç (p \ (I [Space Above This Line For Recording Dllta) FHA Cllse No. State of Wyoming MORTGAGE 591-1044663-703 MITN 100050300007521892 c:t ~'r THIS MORTGAGE ("Security Instrument") is given on July 14 ( 2008 The Mortgagor is Riohard L. Johnson and Lori A. Johnson ("Bon-ower"). This Security In¡¡trument is given to Mortgage Electronic Registration Systems, Inc. ("MERS"), (solely as nomiD:eefor Lender, as hereinafter defined, and Lender's successors and assigns), as mortgagee. MERS is organized and existing under the laws of Delaware, and has an address and telephone. number of P. O. Box 2026, Flint, MI 48501M2026, tel. (888) 679-MERS.Ace Mortgage Funding LLC (II Lender") is organized and existing under the laws of Indiana , and has an address of7820 Innova.tion Blvd'l Suite 300, Indianapolis, IN 46279 . Borrower owes Lender the principal sum of Two Hundred Thirty One Thousand Four Hundred Twenty And Zero/l00 Dollars (U.S. $231,420.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on August 01 ( 2038 . This Security Instrument secures to Lender: (a) the repayment-ofthe debt evidenced by the Note, with interest, and all renewals, extensions and modifications. of the Note; (b) the payment of a11 other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and 12852752 FHA Wyoming Mortgage with MERS - 4/% S-4N{WY) (0509) Amended 2/01 Page ~ of 9 . Inlflall:¿a ~ VMP Morlgage Solullons, Ino. -V- :L2952752 c'OC716 as~igns) and to the successors and assigns of MERS with power of sale, the following described property located in Lincoln County, Wyoming: BEGINNING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER SOUTHEAST QUARTER OF SECTION 7, TOWNSHIP 34 NORTH, RANGE 118 WEST OF THE 6TH P.M., LINCOLN COUNTY, WYOMING, AND RUNNING EAST 165 FEET; THENCE NORTH 528 FEET; THENCE WEST 185 FEET; THENCE SOUTH 528 FEET TO THE POINT OF BEGINNING. TOGETHER WITH ALL BUILDINGS, IMPROVEMENTS AND APPURTENANCES THEREON SITUATE OR IN ANYWISE APPERTAINING THERETO. Parcel ID Number: 34180740013400 which has the address'of 777 Lost Creek Road Thayne [City], Wyoming 83127 [Street) [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and aU easements, appurtenances and fixtures nQW or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrurp.ent. An of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, 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 this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title 'to the Property against all claims and demands, subject to any encumbrances of record. n:I1S SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge, Borrower shall pay when due the principal of. and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment o:f Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late chargeS, a sum for (n) tWCe5 and special assessments levied or to be levied against the Property, (b) leasehold payments. or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument. each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined. by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds. " Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. 'and implementing regulations, 24 CFR Part 3500, as they may be amended trom time to time (IIRESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. . 12852752 S-4N(WY) (0509) (þ Paga 2 Dr 9 JQ ~, . .852752 InJtfaJs.v-z:.c . \. O\~) 7:1 7 If the amounts held by Lender for Escrow Items exceed the amounts permitted to be held by RESP A, Lender shall account to Borrower for the excess funds as required by RESP A. If the amounts of funds held. by Lender at any time are not sufficient tp pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as permitted by RESP A. The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower teaders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b), and (c) and aoy mortgage insurance premium installment that Lender has not become obligated t,o pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Le,nder, Borrower's account shall be credited with any balance remaining for ail installments for items (a), (b), and (c). . , 3, Application of Payments. All payments under paragraphs I and 2 shall be applied by Lender as follows: First to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premium; .second, to any taxes, spec~al assessments, leasehold payments or ground rents. and fire, flood and other hazard insurance premiums. as required¡ Third. to interest due under the Note; E2.\illh, to amortization of the principal of the Note; and Fifth. to late charges due under the Note. 4. Fire. Flood and Other Hazard Insurance, Borrower shaH insure all improvements on the Property; whether now in existence or subsequently erected, against any hazards. casualties, and contingencies, including fire, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Borrower shall also insure all improvements on the Property. whether now in existence or subsequently erected, against loss by floods to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form acceptable to, Lender. In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower, Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower Rnd to Lender jointly. Allor any part of the insurance proceeds may be applied by Lender. at its option, either (a) to the reduction of the indebtedness under the Note and this Security Instrument. first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment of principal, or (b) to the restoration or repair of the damaged Property. Any application of the proceeds to the principal shall not extend or postpone the due date ofthe monthly payments which are referred to in paragraph 2, or change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to tbe entity legally entitled thereto. In the event of foreclosure of this Security Instrument or other transfer oftìtle to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 5, Occupancy. Preservation, Maintenance and Protection of tlte Property; Borrower's Loan Application; Leaseholds, Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shal1 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that réquirement wiJJ cause undue hardship for Borrower. or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and teat· excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in defåult. Lender may take reasonable action to protect and preserve such vacant or 12852752 ..4N(WY) (0509) (5) Paga 3 01 9 t2\ f~2752 Inlllall:V--~ ~O(,t71.8 abandoned Property. B.orrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate intormation or statements to Lender (or fàiled to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shaU comply with the provisions of tbe lease. If Borrower acquires fee title to the Property, the leasehold and fee title shaU not be merged unless Lender agrees to the merger in writing. 6, Condemnation, The proceeds of àny award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such payments. Any excess proceeds over an amolmt required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in t~e Property, upon Lender's request Borrower shall promptly furnis11 to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including pa.yment oftaxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lender lmder this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. These amounts shall bear interest tram tbe date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees ill writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcernentof the lien; or (c) 'secures :trom the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a. notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days ofthe giving of notice, 8. Fees, Lender mày collect fees and charges authorized by the Secretary. 9, Grounds for Acceleration of Debt. (n) Default. Lender may, except as limited by regulatiol1S issued by the Secretary, in the case of payment defaults, requil'~ immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment. required by this Security Instrument prior to or on the due date of the next monthly payment, or (ii) Borrower defàults by failing, for a period of thirty days, to perform any other obHgations contained in this Security mstrument. (b) Sale Without Credit Approval, Lender sha[l. if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d») and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if: 12852752 S-4N(WY) (0$09) ~ P8118 4 01 9 (j--t§?2852752 ¿' Inlllals; t: O'~719 (i) All or part of the Property, or a beneficial interest in a trust owning all or part oftha Property, is sold or otherwisè transferred (other than by devise or descent), and . (ii) Tho Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in fuIl, but Lender does not require such payments, Lender does l10t waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary, In many circumstances regulations issued by the Secretary willlinút Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof. Lender may, at its option, require immediate pa.yment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be doomed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. ' 10. Reinstatement, Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lwnp sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Insthnnent and the obligations that it ~ecures shall remain in effect as if Lender had. not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current forecJosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (Hi) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver, Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modifY amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance l?Y Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12, Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Instrum,ent shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shan be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obJigated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modifY, forbear or make any accommodations with regard to the terms of this Security Instrument or tÞe Note without that Borrower's consent. 12852752 .-4N(WY) (0509) @ Pogo 5 or 9 ILl e752 Inrual·VW \..·0'",720 13. Notic~s, Any ~otice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrowe.r or under when given as provided in this paragraph. 14. Governing Làw; Severability. This Security Instrument shal1 be governed by Federal law and the law of the jurisdiction in which the PrQperty is located. In the event that any provjsion or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect crther provisions of this Security Instrument or the Note which can be. given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument 16. Hazardous Substances, Borrower shaH not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property tJ;¡at is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generaUy recognized to be approp.riate to normal residential uses and to maintenance ofllie Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environm~tal Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Envhonmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safely or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Reuts. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for addítional security only. . If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and ( c) each tenant of the Property sha.ll pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower bas not executed any prior assignment of the rents and has not and will 'not perform any act that would prevent Lender ûom exercising its rights under this paragraph 17. . Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or ajudiciaUy appointed receiver may do so at "any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 12852752 S*4N{WY) (0509) (!' PQgø 6 of 9 '''1)-t!11..52 ("0(' 721. , . 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by npplicable taw. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in tbis paragraph 18, inclnding, but not limited to, reasonable attorneys' fees and costs of title evidence, If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law, Lender shall give notice of the sale to Borrower in the manner provided in paragraph 13. Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by applicable law. Lender or its designee may p1llrchase the Property at any sale, The proceeds of the sale shall be applied in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums seeured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it, If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single;Family Mortgage Foreclosure Act of 1994 ("Act'? (12 U,S,C. 3751 et seq.) by requesting a foreclosure commissioner designated under tbe Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law, 19, Release, Upon payment of an sums secured by this Security Instrument, Lender shall release this Security Instrument without charge to Borrower, Borrower shall pay any recordation costs. 20, Waivers. Borrower waives all rights of homestead exemption in the Property and relinquishes aU'rights of curtesy and dower in the Property. 21, Riders to this Security Instrument, If one or more riders are executed by Borrower and recorded together with this Security Instrument)· the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. . D Condominium Rider 0 Growing Equity Rider 0 Other [specifY] D Planned Unit Development Rider 0 Graduated Payment Rider 12852752 .-4N(WY) (0509) <D Page 7 of 9 .ÞJ~ 1"lli·'~V (0(722 BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this Security· Instrument and in any rider(s) executed by. Borrower and recorded with it. Witnesses: I (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower 12852752 8-4N(WY) (0509) \B) Page 8 of Il ~/~ (Seal) RJ.chard L + John~ .8<Jrrower ~J~O~ (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower 12852752 (0(723 STATE OF WYOMING, LINCOLN County 5S: The foregoing instÌ'ument was acknowledged before me this July 14, 2008 by RiChard L, Johnson and Lori A. Johnson ÎO'/'1~JOII C~;1.~ Notary Public ~ My Commission Expires: CHRISTY F. GUEAR - NOTARY PUBLIC County of Lincoln Stateot Wyoming My Commission E}(p r~s October 19, 2011 ~.4N(WY) (0609) Page 9 of 9 ../J ~~S22:2 Jnltl.'~ 12852752 !L