HomeMy WebLinkAbout872364This document is being recorded
by Southwest Tide Company
as a cotuk sy only,
ditech.com
3200 Park Center Drive, Suite 150
Costa Mesa, CA 92626
THIS MORTGAGE is made this 20 day of March
Craig D. Jackson and Maud R. Jackson Husband and Wife
existing under the laws of Commonwealth of Pennsyl vani a
200 Century Parkway, Mount Laurel, NJ 08054
RELEASE of
I 1 1 1,1 7</'
rhi6 Mari oge
SEE atiiiK 0011300
76N(WY) (9902)
which has the address of 898 Saddl e Dri ve
872364
MORTGAGE
[Street]
Wyoming 83118 (herein "Property Address
[ZIP Code]
WYOMING SECOND MORTGAGE 1 /80 FNMA /FHLMC UNIFORM INSTRUMENT WITH MERS
Page 1 of 4
RECEIVED
_JNCOLN COUNTY CLERK
l T f1 t 2 7
JEAN E E
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K Pty Ef E:,i�, Via QM114G
MIN 100037506524427409
2001 between the Mortgagor,
(herein "Borrower and the Mortgagee,
Mortgage Electronic Registration Systems, Inc. "MERS (solely as nominee for Lender, as hereinafter defined, and Lender's
successors and assigns), as beneficiary. MERS is organized and existing under the laws of Delaware, and has an address and
telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (888) 679 -MERS. GMAC Mortgage Corporation
"Lender is organized and
and has an address of
WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. $70, 000.00 which
indebtedness is evidenced by Borrower's note dated March 20, 2001 and extensions and renewals
thereof (herein "Note providing for monthly installments of principal and interest, with the balance of indebtedness, if not
sooner paid, due and payable onApri 1 1, 2016
TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest thereon; the payment of all
other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage; and the
performance of the covenants and agreements of Borrower herein. contained, Borrower does hereby mortgage, grant and convey
to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the successors and assigns of MERS, with
power of sale, the following described property located in the County of Li ncol n
State of Wyoming:
LEGAL ATTACHED
BOOK 461 PR PAGE 04C)
Etna
[City]
TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances
and rents, all of which shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the
foregoing, together with said property (or the leasehold estate if this Mortgage is on a leasehold) are hereinafter referred to as
the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this
Mortgage; 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 Mortgage.
Borrower covenants that Borrower is Lawfully seised 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 covenants that
Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of
record.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness
evidenced by the Note and late charges as provided in the Note.
2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to
Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a sum
Initials:
3
VMP MORTGAGE FORMS (800)521 -7291 L Amended 2/99
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11. Successors and Assigns Bound; Joint and Several Liability; o- 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 Mortgage or the Note without that Borrower's
consent and without releasing that Borrower or modifying this Mortgage as to that Borrower's interest in the Property.
12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower
provided for in this Mortgage shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower
at the Property 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 the laws of the
jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of federal law to this
Mortgage. In the event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict
shall not affect other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to
this end the 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 the 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 connection 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 sums secured by this
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 than 30 days from the date the notice is delivered or mailed within 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 of
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 cured 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, 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 mail a copy of a 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 the sums secured by this 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 the earlier to occur of (i) the fifth day before sale of the Property pursuant to the 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 that the lien of this Mortgage, Lender's interest in the Property and Borrower's
obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this
Mortgage and the 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) (9902)
Page 3 of 4
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000652442740
STATE OF WY
COUNTY OF Lincoln
On 01
ACKNOW
Date
Craig D. Jackson, Maud R. Jackson
DESCRIPTION OF ATTACHED DOCUMENT:
ACKNOWLEDGMENT
Oii:3 (i4
before me, 1 i`i (.16— s
Name of tary Public
personally known to me or proved to me on the basis of satisfactory evidence
to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged
to me that he /she /they executed the same in his /her /their authorized capacity(ies), and that by
his /her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the
person(s) acted, executed the instrument.
WITNESS my hand and official seal.
PU.L/r VtLtA
SI NATURE OF NOTARY
644
personally appeared
MY COMMISSION EXPIRES ON: x2`19 04
Title or Type of Document: Deed of Trust or Mortgage
Document Date- Number of Pages-
Signers other than named above-
Customer Name: CRAIG D. JACKSON
Application 000652442740
Order 2262264
OS
Jxhibit A (Legal Description)
ALL THAT PARCEL OF LAND IN LINCOLN COUNTY, STATE OF WYOMING, AS MORE FULLY DESCRIBED IN DEED
BOOK 373PR, PAGE 362, ID# 123619- 2610050.00, BEING KNOWN AND DESIGNATED AS LOT 50, NORDIC RANCHES
DIVISION #4,
BY FEE SIMPLE DEED FROM CLARENCE L REINHART AND DOROTHY I REINHART, HUSBAND AND WIFE AS SET
FORTH IN DEED BOOK 373PR, PAGE 362 DATED 09/13/1995 AND RECORDED 09/15/1995, LINCOLN COUNTY RECORDS,
STATE OF WYOMING.
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