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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 1 y p 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 :si •Apatuaz z0 10tz gons Suu jo aspzaxa agi apnpazd zo jo zantum g aq iou hugs `muj alquotjddu Aq papzojmu astmzatpo JO `zapunazag Spauraz io ug5u Aug 2utstozaxa ut zapua -j Aq aouuzeagzo3 Aud •isazaiut ut szossaoons s,zamozzog puu zamozzog juuiVuo am Aq apuut puumap Atm jo uoseaz Aq a2u$uoj sup Aq pampas sums am jo uopuzpzouuu SJtpom astmzaglo zo ivatuAud zoj auitl puma o1 asnjaz JO zossaoons gons lsuta11 autpaaoozd aouaututoo o1 paztnbaz aq mu Ins zapua-j •1sazarut ut szossaoons s,zamozzog pug zamozzog Itut2uo agi jo Supquti agi `zauugtu Aug 111 `asgajaz 01 aluzado mu hugs zamozzog Jo lsazalu! ut zossaoons Aug or zapun Sq palugz5 a2u5uoyil sup Aq pampas sums am Jo uopurtuoutu Jo uopuo!Jlpout JO fuaWWAed zoj aurll agi 3o uoisualxg •aanreM t JON aapua-I Ag aaugagagaod :pasgapj IoN aamoaaog '0i •a2g2uoyAI sup JOAO Siuoud sag g ?tgm uatl 11 gltm luatuaade S1unoas zaglo zo 1st Jo paap `a2g5uouz Auu Jo suum agi of ioafgns `zapual of ptud aq jjugs pug paudtssu Agazag azg `uojlguuzapuoo jo no!' ut aouuSanuoo zoj JO 'Joazam ugd JO `Auadozd a I13o 2uptet zaglo zo uoilgutuapuoo Sur grim uopoauuoo ut `jupuanbasuoo z0 ioaztp `sa5uurup on tutup zo plume Aug 3o spaaoozd atj •uot;guuzapuon •6 Auadozd agi uI Isazalu! s,zapua- of palatal zojazagi asnuo ajgguoseaz 2utA3pads uotloadsut gons Aug of loud aopou zamozzog ant2 Ijegs zapua-j iugi paptnozd `Auadozd ag1jo suopoadsut puu uodn sap= ajquuosuaz apgut aq of asnuo JO alum Autu zapual •uotpadsul •g •zapunazag uopag Aug 031u1 JO asuadxa Auu moot of zapua•j aztnbaz pugs L gduz2ezud sup ut pautuluoo 5utgloN 'palmy fuatuAud 2utrsanbai zamonog or zapua-j uroz3 aotlou uodn ajguAud aq pegs slunouru gons `luatuAgd jo suual zagio or aazau zapuaj puu zamozzog ssajun •a2u5uoyil sup Aq pampas zamozzog Jo ssaupalgaput juuotltppu aurooaq hugs `Orel 010N agi iu 'uoaaagl lsazalut gitm 'L gdw gzud sup of luensznd zapua-j Aq paszngstp siunoure Aud •mui ajquotjddu zo tuatuaaz2u uallum s,zapua-j pee s,zamofog gram aouupz000u ut safuutuuar aotreIttsuI gons zo3 luaUIaztnbaz age si atun gons Itiun 1oa33a ut aoutznsut gons utufutuut of paztnbaz sutntutazd am i d pugs zamouog `aaauoyAi sup Sq paznoas uuoj agi 2upjuuz �o uotltpuoo u su aougznsut a2e5uour paunbaz zapua"I 31 •2sazaiut s,zapua7 loafozd or Amssaoau st se uopou gons avi pug `saaj ,sXauzolig ajquuosuaz 2utpnput `sums gons asmgstp `saouuzgaddu wits a)jtut Autu `zamozzog 01 aotlou uodn 'uopdo s,zapuarj le `zapua1 uagl `Auadozd agf 111 Isamu! s,zapua-j sfoaJlu AituuaWut 143111m paouatutuoo Si 2utpaaoozd JO uotido Aut Ji JO `02e$1101A1 ut pautuluoo sluatuaadt puu s2uuuanoo am uuopad or spud zamouog 3j •Altanaas s ;o uotlaaload •L, .sivatunoop luanitisuoo pug `luatudojanap 2lun pauuujd JO umItuumpuoo am jo suopejn2az puu smut -Sq agi `lnatudojanap stun pauuuid 10 tuntuttuopuoo 0111 2utuzano5 JO 2upuazo sumuanoo 10 uo!Wretoap agi zapun suoj12311go s,zamozzog jo jlu uuojzad pugs zamozzog luaurdojanap stun pauugjd u JO utnt11tuI0puoo u 111 1Iun u uo s1 21zoyl sup 3I •pj0gasuaj u uo st a2g2uoySj sup asual Sue 3o suotstnozd am gitm Ajdtuoo pugs puu Auadozd agi jo uouuzoualap JO 2uaturteduIt lttuzad JO is itururoo iou pugs puu ztudaz poo5 u! 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Aug zamozzog Aud o1 paztnbaz aq foe pugs zapua7 'mud aq 01 lsazalut gons sazmbaz mut ajggotjddg JO apgtu st fuatuaam& gons ssajun pug `zamozzog of mud aq pugs spund agf uo lsa'alut mil a5u2uoy\j sup JO uotinoaxa Jo awn alp lu 2upum ut Oat &11 Auer zapual pug z3MOZ3og •aIzggo u gons avtu 01 zapua' sInuzad met ajg11otjdde puu spund am uo lsa'aiul zamozzog sAud zapuaJ saran `sum pug s2Uaurssassu ptus 2utitdtuoo pug 2u!Ajpan JO 3Un000g pies &utzAluuu `spund am 2u!Ajdd11 puu 2utpjoq os zoj aaz11go iou Amu zapua •sluaz punoz2 pee stunttuazd aoutznsut `sivauIssasst `saxgi ptgs Agd of spund aqi Aiddg pugs zapua7 •(uotinitlsut 1111 gons st zapuaq 3t zapua7 2utpnput) Aoua u mum 10 luzapaJ g Aq paaluuz11n5 zo paznsut 0111 gotgm Jo slun000u JO slisodap agi uot3n313su1 uu ut pjag aq pugs spund am `zapua7 of spund sAud zamozzog 3I •zapuaj juuopnitlsut 1111 st zapjog gons 3i isnll Jo paap zo a$1Suout loud u Jo zapjog agf 01 sluatuSed dons sa)letu IOMOJIOH Imp ivalxa am 01 zapua7 01 sound Jo s3UatuA11d 'ions alum 01 palatigo aq foe Ij11gs zam03IO11 •3oaza saitt.11i3sa ajg11uos11az puu s111q puu sluaurssassu Jo smug aril uo zapual Aq amp 01 aural utozu pug Sjluptul pafututlsa Alg11uosuaz st jig `Attu 31 `ao1111znstn 011110W zo3 sivautjj112sut urnnuald SueaA 3o Ijq.jami -auo snjd `aouumsut pz11z11g zoj sivatujje2S11t umturaad AueaS 3o IIJlam2 -auo snjd 'Auu jI `Alzadozd 0111 uo slum punoz2 pug a5e22zow sup JOAO A11zoizd 111112111 Auer goIgm (Aug 3t `sluauzssassu luatudojanap ltun pauuuid puu uzntututopuoo 2utpnloul) sivamssass11 put sax113 Auta i alp 3o gpjami -auo 01 j11nba „spund„ utazag) b �a z ()Bed )z066) (AM)N9L 0872 G a 642 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 1.58E W4o,1 (iCluo ivu;BuO u .1amouog- (Igos) nA10uog- (i .zarooi.iog- (I .iamozaog- (iEas) LA 1 Q)ti -1 :ss ,f;uno0 17 1 4 9Bsd oilgnd AltloN V i P 1 V (zoss) (AM)N9L 1 7,0 g- Z":satidxg uoissiuzuzoJ A 4 UQS 73-of irrn311 D Kir° r A0 /q ZHOZ 'OZ 40-1eW spy aut =Jag papal/AM/0g sera luawruisui guio5azoj ata uospoep pneW •uouog aznsopazoj zaglo io aigs Aug jo pug aougzqumoua iouadns aq1 zapun ;ingjap Aug jo `a2 spy jo auo a2Ed uo quoj 10S ssazppz s 1e `Iapua'j o1 aotloN 3AP 01 a$E;Ipol i Slip JOAO ti;I10!1d oil gotgm mil a gpim aougzqutnoua imp JO isnu1 jo paap `a2E2uoui Aug Jo zapiog am isanbaz aapual pug z0m011011 ZSR2IZ io saaaa Ho SaOvoi ioi i HomaJRS Haw .ir a?IRSO/D DiO3 QNV rinv 1Q 30 1OLLON 2IO3 ZSaaagni •Apadozd alp ui uoildutaxa pgawauuog Jo u!Sp lie saniEM zamozzog 'pea ;sautojj jo aanieM •IZ 'SUE jt 'uopupzooaz jo slsoo iig Aud imp zamozzog •aamouog o; amp ;nogltm a$apol^i sigl amp.' !imp zapua'j `a` e2poj sup paznoas sums ile jo 1uautAgd uodn •asgapg 'OZ 'pantaoat tiiigtuog sluaz sop zoj Aim lun000g o1 aiggii aq imp zaniaoaz am pug zapua-i •a5g5poj, sigl ,iq paznoas stuns am of uaip pug `saaj ,sAauzom aigguoseaz pug spuoq s,zaniaoaz uo sumiuzazd `saaj s,zaniaoaz '01 mum! 1ou 1nq 'guipniout 'Rua! 3o uoiloalloo pug Apadozd ag1 jo ;uautagumu jo slsoo am Jo 1uauttiEd o; Isztg middy aq IIEgs zaniaoaz 0111 zo zapua'j ,iq paloalloo qua' iiv 'anp lsgd asogl uipnioui Alzadozd aj1 ;o slum am 1o011o3 o1 pug Apadozd am am= pug Jo uoissassod `uodn zalua o; paupua act gees `zaniaoaz paluioddh SIptotpnf Ai JO 11102g iiq `uoszad ui `zapua•j `ales ieioipnf Suimolio3 uo!1duzapaz Jo potzad Aug Jo uoilEZidxa am 01 zoud amp Aug w pug `Apadozd am Jo l umopuEgg JO ra 0 `DNIJAIOAM 301Zd,Ls pow spn palnoaxa seq zamozzog `30g1IRHM SSHN.LIM NI Joan!! LI gdEAugd zapun uoilgzalaoog uodn 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. Page 3 Page 3 of 3