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HomeMy WebLinkAbout872500WHEN RECORDED MAIL TO: COUNTRYWIDE HOME LOANS, INC. MSN SV -79 DOCUMENT CONTROL DEPT. P.O. BOX 10266 VAN NUYS, CALIFORNIA 91410 -0266 LOAN 9054958 ESCROW /CLOSING FA7420M MORTGAGE (Line of Credit) THIS MORTGAGE, dated March 30 2001 is between GORDON D BALL, AND TAMMIE BALL, HUSBAND AND WIFE residing at 1702 ELK STREET, KEMMERER, WY 83101 the person or persons signing as "Mortgagor(s)" below and hereinafter referred to as "we" or "us" and COUNTRYWIDE HOME LOANS, INC. with an address at 4500 PARK GRANADA, CALABASAS, CA 91302-1613 and hereinafter referred to as "you" or the "Mortgagee." MORTGAGED PREMISES: In consideration of the loan hereinafter described, we hereby mortgage, grant and convey to you the premises located at: 1702 ELK STREET Street KEMMERER LINCOLN WY 83101- (the "Premises Municipality County State ZIP and further described as: LOT 8 OF BLOCK 4 OF THE LINCOLN HEIGHTS 4TH SUBDIVISION TO THE TOWN OF KEMMERER, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. The Premises includes all buildings and other improvements now or in the future on the Premises and all rights and interests which derive from our ownership, use or possession of the Premises and all appurtenances thereto. LOAN: The Mortgage will secure your loan in the principal amount of 30,000.00 or so much thereof as may be advanced and readvanced from time to time to GORDON D BA L L TAMMIE BALL and the Borrower(s) under the Home Equity Credit Line Agreement and Disclosure Statement (the "Note") dated 03/30/2001 plus interest and costs, late charges and all other charges related to the loan, all of which sums are repayable according to the Note. This Mortgage will also secure the performance of all of the 'promises and agreements made by us and each Borrower and Co- Signer in the Note, all of our promises and agreements in this Mortgage, any extensions, renewals, amendments, supplements and other modifications of the Note, and any amounts advanced by you under the terms of the section of this Mortgage entitled "Our Authority To You." Loans under the Note may be made, repaid and remade from time to time in accordance with the terms of the Note and subject to the Credit Limit set forth in the Note. OWNERSHIP: We are the sole owner(s) of the Premises. We have the legal right to mortgage the Premises to you. BORROWER'S IMPORTANT OBLIGATIONS: HELOC WY Mortgage 206201 WY (08/99) 812 SPACE ABOVE FOR RECORDERS USE PARCEL ID 122116232111151 Prepared by: P. HEDDINS RECEIVED LINCOLN COtltdTY CLERK UI P' -14 Fn 3: 23 JEANNr: ‘.)iAGNER KEMMERER, WYOMING BOOK 4br PR PAGE__) 1 1 Page 1 of 3 Initlals:.V slElllol 6 io Z egad (66/90) AMt0Z90Z e6aBUoyv AM 0013H a s� war OA1000z noS Sallow a a2g2llo sun Jo un pug aIo a uo amo am ie m o And of is io w `mu �C inord sn re� 3 ri13I YN A P P N rj1 g 33 P I q P°P. tondo mnoA 111 `amsopamo; rep!Pnf Aq mo ajns pun luawaspianpu Aq plos aq 01 sasiwamd atjl mo; a2ugmmn Sum noS lugs suuow silty •a2n2uoyN sup uodn asopamo; Amu noS `smnoo° mots' ag1jo •d•ZT gdgm2mmed ur paquosap uoprpuoa mo moan° Sun 3i `Mnj ajgnanjddn (q pannbam ;i pouad amn0 pun aonou aounnpu Aug 01 laafgns pun `mgl ajggogddu Act paligigoad aq Sew sn ldaoxg :y-j yj •sasiwa.Id 041 ui s14$u mnoS Suisol 1nogl!M a2n21.IOyg sup pun aloNi 041 mapun paiMM0jgo Suadomd mo uosmad Aug molar Jo ppu Sum noA •sasrtuamd a41 m0 sn 2uisnalar lnoglim no( Sq pau20ssu 10 paigno2au aq Amu a2n21mojs sun pun o►oN agL :SLHJI?I 30 SSO'I ON awn alquuosuai Au 1u sasiwaid agi loadsu0 01 noS 10lumad llim aM :NOLL3gdSNI (D •luasuoo ualli.Im moud mnoS lnogiiM sasiward 041 isure2u wrejo mo uaij x0410 Aug liuuad JO Ind ut mo 0104M UT `sasiwamd 041 ui Isamaiu! 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(n) 89617S06 NV01 ZIT 08'2 500 LOAN it: 9054958 is not enough to pay off what we owe you, we will still owe you the difference which you may seek to collect from us in accordance with applicable law. In addition, you may, in accordance with applicable law, (i) enter on and take possession of the Premises; (ii) collect the rental payments, including over -due rental payments, directly from tenants after simply notifying them first class mail to make rental payments to you; (iii) manage the Premises; and (iv) sign, cancel and change leases. We agree that the interest rate set forth in the Note will continue before and after a default, entry of a judgment and foreclosure. In addition, you shall be entitled to collect all reasonable fees and costs actually incurred by you in proceeding to foreclosure, including, but not limited to, reasonable attorneys fees and costs of documentary evidence, abstracts and title reports. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER: As additional security, we assign to you the rents of the Premises. You or a receiver appointed by the courts shall be entitled to enter upon, take possession of and manage the Premises and collect the rents of the Premises including those past due after simply notifying them by first class mail to make rental payments to you. WAIVERS: To the extent permitted by applicable law, we waive and release any error or defects in proceedings to enforce this Mortgage and hereby waive the benefit of any present or future laws providing for stay of execution, extension of time, exemption from attachment, levy and sale and homestead exemption. BINDING EF1 ECT: Each of us shall be fully responsible for all of the promises and agreements in this Mortgage. Until the Note has been paid in full and your obligation to make further advances under the Note has been terminated, the provisions of this Mortgage will be binding on us, our legal representatives, our heirs and all future owners of the Premises. This Mortgage is for your benefit and for the benefit of anyone to whom you may assign it. Upon payment in full of all amounts owing to you under the Note and this Mortgage, and provided any obligation to make further advances under the Note has terminated, this Mortgage and your rights in the Premises shall end. NOTICE: Except for any notice required under applicable law to be given in another manner, (a) any notice to us provided for in this Mortgage shall be given by delivering it or by mailing such notice by regular first class mail addressed to us at the last address appearing in your records or at such other address as we may designate by notice to you as provided herein, and (b) any notice to you shall be given by certified mail, return receipt requested, to your address at COUNTRYWIDE HOME LOANS, INC. 4500 PARK GRANADA, CALABASAS, CA 91302 -1613 or to such other address as you may designate by notice to us. Any notice provided for in this Mortgage shall be deemed to have been given to us or you when given in the manner designated herein. RELEASE: Upon payment of all sums secured by this Mortgage and provided your obligation to make further advances under the Note has terminated, you shall discharge this Mortgage without charge to us, except that we shall pay any fees for recording of a satisfaction of this Mortgage. GENERAL: You can waive or delay enforcing any of your rights under this Mortgage without losing them. Any waiver by you of any provisions of this Mortgage will not be a waiver of that or any other provision on any other occasion. THIS MORTGAGE has been signed by each of us under seal on the date first above written. WITNESS: Lincoln County ss: The foregoing instrument was acknowledged before me this March 30 2001 Gordon D. Ball and Tammie Ball STATE OF WYOMING, by January 11, 2004 My Commission Expires: HELOC WY Mortg 2C6203WY (08/99) LAURIE McKEE NOTARY PUBLIC COUNTY OF STATE OF LINCOLN WYOMING iizno_ D. 6 Mortgagor: GORDON D BALL 11 (d47091_ (0 Mortgagor: TAMM I E BALL (SEAL) Mortgagor: (SEAL) Mortgagor: (person acknew g 0) Nota Public Page3of3 113 (date) (SEAL) (SEAL)