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k~:MIv~EI:tER. WYO~,flNG
,4'' ~OOK .' PR 5 1 4
~JCUMEF.!T MANArlEb]Ea'r ;.: ~ PAGE.
'With Future Advance C ' ...
DATE AND P
, ARTIES.
and the partms, amir ad~ess'¢s and tax identfflcafion numbers, if required, are as follows:
MORTGAGOR:CHats N. PERRY AND KAREN bffPUBy PER~,¢' HUSBAND JN[)WIFE,
AS TENANTS BY THE E~.~TIRETY '-
E] I:f checked:, reft[ to ibc attached Addendum incoqx)rated herein, for additional Mortgagors thek simmtures and
LENDER: WELLS FAR(jO BANK, N,.,:k, .
CONVEYANCE. For good and v~tmble consideration, the receipt and s'tffficiency of wlfieh is acknowledg~td, and to secure
l.t~e Secured Debt (d~fined below) and Mortea'gofs peffbrmance under tiffs Sera,ih, tnsm uncut. Mort~apor
~yezs~ ~Kopgag~ ~¢ xva~ants to Lender. M ' of sale. ~e follo'~x~Eadeseh~ednropeilv.' .., grant:s, bargains,
~u, ~X O~ Twe uRAND V~W ~Nr~p~t~s~vc[ ' .
NCORP0RATED 3L~DIViSIdN, TRACT-I
LINCOLN COUNTY, WYOMING AS OESCRIBEO ON 'FH~ O~F~ .~,t. PLA. T T~.Ef~EOF,
SUBoEOf "l'O Re,_ RlCf/OHfi, RESERvA'P~ONS, EASEMENTS COVENANTS OIL GAS OR
M, iNERA MINERAL RIcHly,, OF RECORB. tF ANY ~
.'witltanaddressofo'78 O\/ERLOOK ZL. PIh!E. WY
and parcel number of 37 '~ a 29412a2100 together wifl~ all dghta easements:, appmxenances, rov, d/ieS, mineral
hg'hts, oil and gas righa, all water and ripman rights, ditches~ and water stock and all exiaing m~d fi~ture i. mprovcmena,
structures,/~xtures, m~d replacements that may now or at fly time in the fi~tur¢ he part of the real estate described a~;:ovc (all,
referred m aS "Propedx,")_
lVfAXIMUM'OBLIGATiON LLMIT, The tot~ pd~.dpai amount secured b'v this Security Inafmment at any one dine sha/t
exce~ $ 35, ag0, 0o Tiff, lindtati0~ of amount does ' -' '-
' not mcmdu interest a~ other fees and cha~ges va/idly made
pm'stunt to this fieet~dW Instrument. Also, tld~ lin-fitation does not apply to ~.dv~ces made under the len~s o:[
Instrument to p.rotect L~nder's ~ecurib, ~d to perfmm m~x, 0fthe covenams coz;h:hmd in this Security Inanunent,
SECOND DEBT ~D FUTURE ADVANCES. The}erin "Secured Debt" i,, .-.' , ' '
~. Debt. mcm~red tamer d~e terms of the aramis ........... . ,, .:,. de~mcd as follo~Ls. .
.. ~ - ..~u,> nora, revmm, ng uric et'credit, contract, ~a'anb' m' Other e%:teace
debi dated D7 / 08 / 200 ] together ~wth all amcn&~ents, extensions, m0dificadons ~d renewai, and havimx
matmils~ date of 0-7 / [26 ! 207: ! '
B. Ail iUl~re advances from Lender lo Mortgagor under such eddence of debt, ~t N~are advances are secured as it' ma(h,;
on the date o~ this SecuriD, ln*tmmen.. Noddng in fids Security Agreement shall constkute a commitment to make
additional or kture loans ¢[ advances which exc~d the amount shown ih Sect/on 3, Any such commi'gne-~t
agreed to in a separate writing.
C. ,M1 Suuls advanced alld expenses incmYed by Lender for ]n$uring~ preserving, or ofl~em'ise plolecliag the
add its value and any et'her sums advanced an,d expenses incn~d by Louder un:M the terms of 11~i~
5, PAYM~,NI'S. Mo~/gagor agrees that ~1 payments m~der ihe Secured Debt will be paid when duc m~d in 3cr:ordance with the
terms of the Seem'ed Debt and this Secnhb~ Instnnnent.
6~ PRIOR SECi~JI~Iy !NTE~;STS, With regard to any oGer m0rtgage~ deed of trust, securiB~ agreeux~nt ~}~ o~hcr lien
document that created a prior *ecnri~, intercsl or encumbrance on the Propegy~ Mo~gag0r agrees' A. 7'0 m~e ali payments ~Smn due aM to pe~om~ or comply Mth all covens~ts
B. 'FO promptly deliver to Lender any notices that .Mertgagor receives flora thc holder.
C. Not to aiiow [trly mo~ficatio~ Or extension of, nor to request any ~tnm advances under any note or ~greemen~ secured
by the lien cloture,mr without I.,en(ler's pr/or w[i~en
7~ CLAIMS AG,~NST TITLE. Mortgagor wilt pay all taxes, assessments, liens encumbrances, lease paymen'ts, ground x'ents~
utilities, and other charges relating to lhe Property when due Lcrtder may require Mortgagor m provide lo Lender copie~ of
i'( "~ t} .....
~ m~es [,~t ~tlch mnounts aze dlle aild the receipt~ exddencing Mo!lodger's pay~nent. Mo~gagor w/Il deI~nd lille re tim 'Property
~gainst ar~y claims that Would impair fl~e lien 0f tlxe Secu~ty'Instrument, Mortgager agrees {o assigx~ to LendeL ag 'toques!ed
Lender, any righig cl.aim~ or defenses Mo~gagor may have agains~ petites who supply labor or materi~s to maintain or improve
8. DUE ON SALE OR ENCUMBRANCE. Upon sale trm~sfer, hmpothecation, assignment or encmnbran(;e., whether
hivolimtary, or by operation of law, of all ar any part of fl~e Proper~ or any interest therein, then at irs sole opt/on,. Lender
by wrinen notice to Mortgagor, declare all obligations sec~ed hereby inuncdiately due a~d payable, except to the extent that
sm;h ~ccelerafion for and in such ~articul~ circumstances where exerJise of such a fight by Lende~ is prohibited by law~
9, PROPERTy CONDIT!ON~ ALTERATIONS AND kNSPECTION. Mortgagor will keep the Propers' in good comTlition and
make all rep~drs ~hat are reasonably necessa~T Mortgagor shall not commit or allow any wasle, impairment, or detchoradon of
lt~e Propen),. Mortgagor will keep the Property free of noxious weeds and ~rasses. Mo~gag~r agrees that lk, c rmmre of the
occupancy and use will nat snbs~irtially change without Lenders prior walden consent, Mortgagor will nt~t pern0t 8ny chancre
in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor w.ill notit},~ Lender of all
demauds, pmceedings~ claim% and actions ag~lSt Mo~gagor~ and of any loss or damage to the Prope~,. Lender or
Lender'~ agents may~ at LendeFs option, enter the Properly at any reasonable time for lhe propose of i~;pecting file FroperW
Lender sk~all give M0~'tgagor notice at tim ~im¢ of or be/bre an inspection s~edf}Sng a reasonable pn¢ose Br the
Any inspection of the Prope~y shall be emirely fbr Lender's benefit and Mo~gagor Mll in no way rely on Lender', i~spectiom
10. AU'THO~TY TO PE~FORM, if Mo~tgagor i2ils ~o perform any duU or any of fl~e covenants contained h~ this Security
[ns/mment~ Lender may; witt~out no~ce, pe~brm or cause them to be performed, Mortgagor appoints Leander as attorney in ~act
to sign Mongagor'.s name or pay any amount necessary for performance. Lender's right to perform for Mo~/j~lg:or shall
create an obliga'~ion to pe~brm~ ~d Lender's l~iliu'e to perform will not preclude Lender fi'om exercising any of Lender's other
rights under the law or fids Secufiw h'~stmment, ~ m~y co~st~ction on the Property is dj*continued er not carried on in.
reasonable rammer, Lender may take all steps necegsaW to protect Lender, securit~ inleres[ in lhe Properly; including
completion o:f ~he cousin,erich -
!1. ASSIGNMENT OF LEASES &ND ~NTS, lvlortgagor irrevocably kuants~ bargains, conveys, mmtgages and wan'ants to
Lender as addi0onal security all fl~e right, title ~d to any and all existing or flmzre leges, subleases, and any other whiten or
verbal agreemems for the use and occupant' of mb, poztion of ~e Prope~y, indudil~g any extensions, renowns, me,fica.lions or
substitutions of such agr~ments (ail retbrred to as ~7~eases") and rents~ issues and profits (all referred to as "Rents"). Mortgagor
. will promptly pmdde Lender ¥~dth -m~e and Cra'foci copies of all existi:m ~d future I..eas[~$. Mo~gagor may co!leer,
cqjoy and use ti~e Rents so long as Mortga~jor is not in dehdt under the terms of this SecndW Instrument
Mortg~gm- agrees 'that 1his sssignrnent is immediately effective between the patties to lids Se'cuhW Instnm~ent, Mortgagor a~Irees
that this assignment is effective as 1o third p~ties when Lender takes ~i~ative action prescribed by law, and flint this
assignmenl will remain in effkct dining anv rcdcmptiun period until tim c
, ¢ccur,:d Debt is satisfied, Mortgagor agr~s lhal Lender
may rake ~dual possession of ti~.e properB, without fl~e necessity of commencing legal action and that actual possessiov.
deemed to occur when Lender, or its agenL notifies Mortgagor of default ~d demands ~tmt any tenet pay all thture Renls
directly to Lender, On receiving notice or de,hull, Mortgagor will endorse and deliver to Lender any payment of Rent, m
Mmigagor~s Possession and will receiYe any Rents in trust lbr Lender and will not commingle lhe Rents with m~y other
AIl)r }j~rxounts collected wil! be applied as provided in this Security !t stmment. Monga 0r war ra~t' ,, =,.' ....
die L¢,~ses or any apphcable landlord/tenant law. Mortaa,*or al*o ...... a .......~,~,..L ~2 , s that no d,bault ~,tlfitg
I,EASE!!OLDS} CONDOMINIUSIS; PLANNED 'UNIT DEVELOPMENTS, Mortgagor agrees 'to comply widx the
provisio~Js of any lease ff this 5ecutiff ]~nstnm~ent is on a leasehold. If g~e property is a anti in a Condominimn Project or is part
of a Plarmed Unit Development ("PL~D'"), Mortgagor agrees !o tt~e fb lowim2.
-& Obligations. Mortgagor shall pekfonn all of Mortgager'S o~';ligation, under fl~e Cons~taent Documents.
::Constitkzent Documents" are the: (i) Declaration or a~:,, other document which creates the Condon]/nimn Projecfs or PUD smd
any homeov, qaers association or cquiva!em enfi~ ('~Owne~-, Assodation'); (ii) by-laws: (iff) code of reeultitiont~t ,and (hr)
.~TI.JL (-.-".IE, 'Ell 12: ;t:L FE'. I..,.IEL. LE; FRRGQ LCII,.tEi~ I....JRLZEf7 ~:3~33 545~ TEl ":' ~"~ , ,t,::,... ].:,
b,._:,,4 ~ ~.-:,4 P R" "' ~:
0S 4882 51G
equivMent docmnezits. Mortgagor 8hall prompt!'v' pa~, wheg due. all dues and assessments imposed pu:rsnam to the Colt.~'tirrlem:
B. H~aed lnsurm~ce, So long as the O~rs Asiociadon mainland, with. a generally :4ccepted insurance cra'tier, a
"master" or blanket pohcy on d'~e Condon~nium PrQect
covc~ge in the an~onnt~, for 'the periods and a~nst d~¢ or PUD which is satishctoD, to Lender and which pro'video insurance
the term "ex~ended ,-,'~ ....... ~ ......... ' hazards Lender rcquires~ J. nciuding fire and hazards .~nchHed
Fro]x~rl}, is deemed sadsfir~d ft~ th,- e,-~,~,,* .~.-~ ~,-,. ~ _ . .... ~v, ~u~uutt iv to maintain hazard insurance eovcra -. on he
~ .................... at mc reqmred coverage ~s provided by the Ow~.ler's Association policy ~}'
shall give Lender prompt eltra
. of uny lapse in required hazard insurance coverage, In the event of a distribution of
fl'lOB(anco [~l'oc~¢0s ii'i ]iell Ot' res~ol'~[i0~ or repair following a loss to Proped-y whether to the unit or to common elemems, any
proceeds payable 1o Mortgagor are hereby assigned and ohM1 be paid to Lender for application to rite sirras seem'cd by
Sec~trity IrtstrUment, with any excess paid to Mortgagor, -
C. ~lood ~sm'~ce, ivlonga~or agrees to m}intain flood insmance tbr the life of lhe Seen(cd Debt which is m;cep~fl;le.
as to fort'n, amoum and en~en~ of coverage Io Lender '
~i, i~btic Liability .[.usm'anee, Mortgagor shall t~e such actions as may be r~$onable to insure their the
A. ssociadoa main'~ains a. public liability i.nsuraace policy acceptable in fm~ ~nom'tt, aM extent of coverage to Lender.
. El Con{Intone/mn,, The proceeds of a~y award or claim fi~r rama~es ar,-~ ~,.
.......... conseque.ndal, payable to Me,sager
be applied ~ssigne a
elements, or toz at~y conveyance in lie'u of condemnation; are hereby "' . all be paid to Lender, Such proceeds
by Lender to tt~.e slm~s seem'ed by tim SecuriW insmm~ent as provided in Section ! 8.
F, i.en~er's Plier Consent. Mortgagor shall ~oi, e~ccept [~fier notice to Lender and witt~ Lender's [~rior writtert
either pat~dot-~ or subdivide the Prope~, or consent to: (i) the abandonmen.t or terndnation of ~c Condominium Prqject or
PUD, except lb( abando~ent or temdnation ~'equired by law in tim case of substandM destruction by fire or other ca~a]~y or
the case of a t~ing by condemnation or embtent dmnaia (ii) ~y amendment to any provision of the Constituent Documenfs
the provision is fbr the express benefit of Lend(r; (iii) termination of professional m~agerfi~nt rind assm~)pdon of
marmgemen.t by dm Owners Association or (iv) any acfi0n which wmfld have the e~kct of rehdedna tim public liability
insurance coverage maintained by the Owners Association unacceptable to Lender. '
G. ~lamedies. ~ Mo~gag~r does not pay c{~ndm~n~um or PLW> dues and asse,sments wt~en riu< tl~(m Lender ~nay
them. Any amounts disbursed by Lender under this secti, on sh~t become additio~al debt of Me,sager sec,]red by rids Secm-ity
h~strmueat. Unless Mo~.ga.gor and Lender al~ree to other terms of payment these mnonnts shall bear interest fi'om the date of
disbursement at th.e Secured Debt rate and shMl be payable with intercsL upon notice from Lender to Mo~gagor requesting
paS'~enL . ,
;i& .DE~A(~LT, M~rtgagor will be in defa~l, if ~y pa~' o'b]igated o~ file
occured Debt fails to make Pa}'ment when
Mozlgagor will be h't deh'ult if a breach ocelots m~der the temps of Ods Se~mb~ Ins~ument or any other docunmr~t cx¢cutert
the purpose of creating, securing 0r guard[gins the Secured Debt. A good faith belief by Lender d~at Lender at a~!y drtx¢
insecure with respect to a~B: person or entity obligated on the Secured Debt or that the pro}peet of any payment 0r tl~e value of
'the }~ropcrky is inmaircd shall ;~so constitute ~m event of default.
i4. REI~IEDIES ON'DEFAULT, II~ some in. stances, federal m~d state law w/Il require Lender to pro'vide Mortgagor with notice
il'to right to cmo or edger notices arm may establish time schedules for ¢oreclosu - ' ' ~ . ,
b and fmeclose this SettinG( Instrument m a rammer ,row
de:~at~lt-. - '" ' [, "dod by law if Mo~te/ag0r is in
At t'he option of Lender, all or any pm1 of the agreed' fees and cam'scs accrued i~/erest and principal sh~l become JmmedSttely
due and payable, after giving notice if required by taw, upon the occurrence of a dofitult or an)time l.herc;~fier. In additimL
Lender shall be e~titled Io ail the rented/es provided by law, the terms of the SecUzed Debt, tiffs Security Instrument and
relaled docmnents, including without limitation, the power to sell tho Property. Ail remedies are distiller, Cumulative and riot
exclusive, and the Le~Mer is entitled to ail remedie~ provided at la~,, or cqui~, whether or not expressly set fi.3rth. The
ar:;ceptance by Lender of any sum m payment or partial payment on the Secured Debt afler d~a balance is due or is accelerated c,r
~er lbreclosure proceedings are filed stmtl not constitute a w~vcr of J-~ndcr's d~i~t t0 '~ ' *
.. ~qum; complete oJre of any e;,dsdng
deflult. By not exercising any renaedy on Mortgagor'/deh~t, Lender does not waive Lellder's fighl to later consider the even~
a default if it conti~mes or happens
15. E~)ENSES; ~VANCES ON CO~NAN'rS; ATTO~EYS, FEES; COLLECTJON COSTS, Except when prohibited by
la.w, Mo~tgagor agrees to pay all of Lender's expenses ff Mo~gagor b~'eaches any covenant in Od~ Securivy
Mortgagor will also pay on demand any amount in,n-ed by Lender for insuring, inspecting, Preserving or othe~xvi~e protecting
the Proper~y and Lendcr"s security interest. These expenses will bear interest, from fl~c &ate of thc payment until pnJd m fi~Jt at
the highest interest r~ite in effect as provided in d~e temts of d~e Secured [)cbt, Mortgagor agrees to pay all costs arm e:qpenses
incurred by Lender in collecting, e~ff0rCing' or protecting i endows' rights aml remedies m~der this Security Inst~mtent. This
a~li0unt may'include, but is not limited to, attorneys' ibes. coup. COSTS, ~d other legal expenses. Tl~s amount docs not inclnde
attorneys' fees for a salaried employee of' ~he Lender, Thi~ Security h~simment shall remain in effect until released. Mortgagor
ag(ecs to pay for any ~ecorcladon co~s of such ((:lease.
.... ~ UBS ~AN CES. AS used in this section (1) Envi~omnem:aI Law m~an ~
without limi~tion, khe ~otnpt ~h~nsive Em.'~mmnental Response, ' ' . '
CompensaSon ~d Lmbi!ity Act (CERCLA, 42" e
seqA, and all other federal, state and loc~ taws, re~flons, ordlna~ces, corot orders, a~orney general options or intmprelive
letters concerning ~e public health} s~eb; wel~are, enviromnent or a h~ardous substance; m~h (2) Hazardous Substance means
any toxic, radio~Aive or hazardous mate~ waste, pollula~[t or con~m.dnmnt which ha~ clmractenslics which render
substation dangerous or potenti~ly dar~gerous to the public healfl~, s~e~, we~e or environment, The term includes,
lhnitation, any substances define~ a, "hazt~d6us malehal/' "toxic substances,' "hazardous waste" or %~7ardous substance
under any Em'i~onmental Law. ' -
Mortgagor ~epresents, win'rants and agrees/hat:
A. Except as previou~t.y disclo,~d and acknowledged iii writing to Lender, no Hr~ardous S~tBtance is or ;x411 t~e
stored or released on or itt the Prope~,', Thi$ restriction does not apply 1o sm~l ~.nanlities of Hazardous Substances
tMt are generally recognized to be appmprlate for fl~e nonnM nsc aud m~ntenance of the Proper~
B, Except aa previously rtiscloscd anti aclmowledged in u2ting to Lender, Mo~gagor and eveO, tenant have been, are and
shall re.m~n in fllll compliance with any applicable Em,ironmental Law, -
C. Mortgago~- shall immediately notify Lender if a release or threatened release of a H~ardous Substance oocm's on, under
or about fl~c Property or there is a ¢oladon of any Em'ironmental Law concerning the Property. In such an event,
Morl;gagol shall t~e all necessary reme~al action in accordance wSth any Envirom~x:nlal I aw.
D. Mortgagor shall iimuediately nofi~, Lender in wlSfing as soon as Mortgagor has r~son to believe there is any pendJllxj
or tla'eatened investigation, claim, or proceeding relating to the release or threatetmd release of mw Hazardous
Substance or ~e violation of any Egvironmeutal Law.
7, CONDEblNATION, Mortgagor will glvc Lender prompt notice of any pending or threaten.ed action, by po:ab:: ,x pubac
entities to purcha,e or t~e m~y or ~1 of the Property tN'ough condemna~on, eminent domain or any other meatxs. Mortgagor
aaflx~dzes Lender to intet~ene h't Mortgagor' name in ~y of' Ihe a~-ve described actions of claiJn~ Morton--or .-s
Lender ~e proceeds of m~y award or claim for damages connect~ with - ,-~,.ao,,~,.,.: ...... 7., '~' , . *' ~ ,. 8 ~ d~slgt~
............. auun or creel [at¢iD.g el alt 0r any p~ Of tile
Proper0'. Such proceeds shall be considered paS~ents and will be applied as provided in 0~i8 SecuriB, Insmmmnt. Tltis
assigmnen.t of proceeds is gt~bjeet to the terms of any phor mortgage, deed of trust, secmSty agreemen.t or other lien document.
18. I.NSUlh[NCE, Mortgagor shall keep Property ins~ed against loss by fire~ flo~, ~e~ and other haa~rds atxJ risks reasonably
associated with the Propert1, due to its ~e aud location, This insurance shall be maintained in the amounts and tk~r lite perqods
tt~at Lender requires. The insurance career providing the insur~ce shall, be chosen by Mmtgagor subject to t. ender's
which shall not be unreasonably withheld. ~ Mo~tgagor hils to rn~ntain the coveragd described above, Lender may, al Lender'a
option, obtain coverage to proI¢ct Lender's ~4ghts in d~e PropeilT accor~ng to the temps of Ohs Securily
Ail in,urance policies and renewals shall be acceptable to Lender and shall include a slandard "morlguge claxs¢" and.
appl~vable, loss payee clause." Mortgagor shall immediately no~fv t, ender of cancellation or tcmfi . '
Lender $t~all l~ave tl~¢ right to hold ihe policies and renewals, kf Lender requires Mmtgagor shall inn I
to ..elld~r
all receipts of paid premiums and renewal notices. Upon loss, Mortgagor sh~I give immediate notice m the ins~Jranoe carrier
and Lender. Lender may m~¢e pr~f'of loss if not made immediately by Monga~nr
Ui~es$ othe~se agreed in ;~%tmg, all inSunmce pr~ceds sh~l 'be applies to the restoration or repair of thc Propm~y or to the
Seem'ed Debt, wk~ether 0r not fl~en d~c, at Lender's option. Any application of proceeds to prinoip~ slmlt not extend or postpone
the due date of the ~c'keduled payment nor change lhe amount of any payment. Any excess will be pakt to Mm~gagor. If the
Property is acquired by Lender, Mortgager's .right to any insurance policies and proceeds res~ti~g fi'om chmat.,, ~o the Prope:'B,
before the acquisiOon shall pass to Lender to the extent of the Sec~ed Debt i~mnediate!y lxff0re ~e acquisition.
i9. ESCROW i?OR T.kXES AND iNSUIL~NCE. Unless othmmxsse provided in a sq>ara/e agreement. Mort[~ago: ,oil[ net be
rcq'oired to pay to Lender fll~ds for ~itxes and insurance in escrow ' "'
20, t'TNANCIAL ~PORTS AND ~BI'rlONAL DOCUMENTS, Mortgagor ,;¥i11' provide to Let~der 'upon request, any
financial statement or i~,2brn~xliou Lender raav deem reasonably necess~,, Mortgagor agrees to sign, deliver, and file
additional'documents or ceaificafions that L~nder may consider necessau/ to pe~ect, continue, and prestone Mo~qgagor's
obligations urider this Semmty ~nsmnnertt arK'. Lender's lien slams on tim Pr~pelg'y.
2!, .I'O~4T AND E~DI'V~iEAL IJAB~ITY; CO-SIGN'EIkS; SUCCESSORS AND ASSIGNS BOUND. All duties m~der this
Sec~y Instnm:ent are joint and imhvidua. !f Mortgagor signs this Security Instrument but d~s not sign an evidence of debt,
Morlgagor does so only to m.o~gage Moagagor's interest in 'dm Property to secure pa~nent of the Seem'cd Debt and Mortgage r
does not agree to be personally liable on fl~e Secured Debt. If this Secu~y hlsmm~ent s¢¢x'es a guaranly' beb~.'c6n I.endf:r and
Moagagm', Moi'~gagor agrees re waive m~y rights that may prevent Lemter from bringing any acti0n or claim against
or any party indebted under ' -
, . tn< obliga~on. These rights may iz~cltlde, but are not limited to, am' anti-dcficiemT or one--actio~
laws. Mortgagor agrees d~at Lender and am, party {o this Security instmmen, may ex/end '
terms of this $~:Cll~Br );nstn~ment or any evidence of debt without Mortgagor:~' c(m~ent' mod~, or make any ch:rage in the
Such a change will noI release
Mo~gagor f?om the lerms of ~is Sectmty Instrument, The duties and benefits of tllis Security Instmmen! shall bind a~¢d bcncfi~
thc successors and assigns of Mm'tg'ago-r and Lender.
APPLICABLE LAW; SEVERABH,ITy; [NT}:RPRETATION. This Sectm~ tnsmmtcnt is ~ovemed by lha t;m,s of
.~TUL k]8 'E~i 12:1..?, FR I.,.ELL:Ei FRRGCI L]d~E' [,..'RL~i;~? '~"~ 34E,5 TI] F='~ ~=~ ?
jadsdiction in wtlich fl~¢ Prope~v is located, except to the extent otheraBe required by dm laws of the jurisdiction where
.. · -,' . ·ccflon in this Set,i;,, I=~* ....... 1 ......... " ) ~t .e amended ~,f
' ' ' ' . .' p ca y permits the x'aria/ions b!- v "{:ten
a.greement. If any section of Ihs Sec'u~W Instrument cammt be enlbrced according to it$ terms, that section ~dlI be sever .:t
will not affect fi~e e~brceabiliD, of the roma{haler of ~i, Secm'ity rns~ment. Whenever used, the singular 81',all inch~de
plural and the plural the singltlar. The captions and heading, of ~:e ~ections of rids SecuriB, Instnm~ent are .tl3r
9nly and are not to be used to interpret or define the/erm~ of t~s ' TM '
S~m~ray h~stnm~ent. Time is 0f the es,c,ce in rl:i~ Secunly
[nstrmnent. In ihe event any section of d'~s Security lnstnm~ent directly conflicts witli any section of a certain '[~ome Equi(,,
Closing H~dbook which contain, the Accouut Agreement Terms a~.d Cc nd~tmns (a, appl[eab!e), Fixcd Rate Note Terms arm
Conditions (as applicable), tlie Arbitration A~ment, and fl~e Agreemer}t 1o Provide Floo4~rot~rw Insurance, f~II of which
agree ~o by signing this Security Insmunent, the terms of ~c Home Equity Closlng Handbook sh~I control.
NOTICE, Unless othem'ise rcquffed by law, ~y notice sh~l be given by delh,e~ing it or by mailbag it by first cl,:ss m~fil to
appropriate parly's address on page 1 bf this Security instrument, or as shown in Lende~-'s reconJs~ or to any 0lber
desJ~nstefl in z;~iting,
WAi~I~. JExcep/to the extent pro,hired by law, Mortgagor w~ves any fight reg~ding the n'mrshalling of liens and
and hereby releasing and w~'ving ~1 rights under and by virtue of the homestead exemption laws of fids *laie. '
OTHER TE.I~IS. rf checked, t!'~e tbllowi~g are applicable to this 8ecm:i~ Inslmn~em:
IT'] Line si:' Credit. The Secured Debt includes a revolting line of credit pm~fision. A though fl~e ne:re'cd Debt may be
reduccd to a zero balance, this Sec.adB, Instrument will remain in e~ until released ~ r
~')' Construction. ~a~. Tkis Security Instrument secure~ an obligation incurred for fl~e cous/nmtion of an m~l.)rovemen/
on the Prop~::rt),'.
~ F'Jxnire ~'ilir~g. Mo~g~gor gr~s t.o Lender a aecm'i~, in/crest in all ~oo~ that Mortgagor m~'ns nmv or in the
and flint are or will become Bxtures relates t0 the Property. This Sec~i¢ Inst~mnent states as a fi~mnemg statement
and any c~bor,, photograp~c or other reproduction may h~ filed of recmd Ibr purposes'of Article 9 of the Uniform
IGNA 1'[[].1~8: By $igmng bc!ow.. Mortgagor agrees to the terms and covenants con't,'dned in fl~i~ o
at/achnents. Mortgagor also acknowledges ~eceipt of a copy of this Seeud~, Instalment on die date
K,SREN DEPUEY PERRY ........
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OS~SS;~ 51 8
ACKNOWL El) G M ENT:
ST,,W'E OJ M/~./ '
ihe IO~¢gom lnstm e w ,
................... ~ ~?m~.._~.y
Wimess my hand arm ofi~:~Sa't, seal
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