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HomeMy WebLinkAbout963018lc Date Record and return to: Wells Fargo Home Mortgage Attn: Mandi Baney 2701 Wells Fargo Way MAC: X9998 -01L Minneapolis, MN 55467 ,20 P. RECEIVED 2/1/2012 at 2:47 PM RECEIVING 963018 BOOK: 780 PAGE: 474 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY MANUFACTURED HOME RIDER TO SECURITY INSTRUMENT This Rider is made this November 22, 2005 and is incorporated into and amends and supplements the Mortgage, Open -End Mortgage, Deed of Trust, or Credit Line Deed of Trust, Security Deed "Security Instrument of the same date given by the undersigned "Borrower to secure Borrower's Note to Wells Fargo Bank, N.A. "Lender of the same date "Note and covering the Property described in the Security Instrument located at: JOEL W HOOPES 48 N Fairview Rd Fairview, WY. 83119 (Property Address) Borrower and Lender agree that the Security Instrument is amended and supplemented to read as follows: 1. Meaning of Some Words. As used in this Rider, the term "Loan Documents" means the Note, the Security Instrument and any Construction Loan Agreement, and the term "Property as that terms is defined in the Security Instrument, includes the "Manufactured Home" described in paragraph 3 of this Rider. All terms defined in the Note or the Security Instrument shall hav the same meaning in this Rider. 2. Purpose and Effect of Rider. IF THERE IS A CONFLICT BETWEEN THE PROVISIONS IN THIS RIDER AND THOSE IN THE SECURITY INSTRUMENT, THE PROVISIONS IN THIS RIDER SHALL CONTROL. THE CONFLICTING PROVISIONS IN THE SECURITY INSTRUMENT WILL BE ELIMINATED OR MODIFIED AS MUCH AS IS NECESSARY TO MAKE ALL OF THE CONFLICTING TERMS AGREE WITH THIS RIDER. 3. Lender's Security Interest. All of Borrower's obligations secured by the Security Instrument also shall be secured by the Manufactured Home. Used 1992 KIT Manufacturing Company RED M 40' x 27' New Used Year Manufacturer's Name Model Name or Number Length Width 10A 18292 Serial Number Page 1 of 3 10A 18921 Serial Number Serial Number Serial Number 00474 4. Affixation. Borrower covenants and agrees: a. to affix the Manufactured home to a permanent foundation on the Property; b. to comply with all Applicable Law regarding the affixation of the Manufactured Home to the Property; c. upon Lender's request, to surrender the certificate of title to the Manufactured Home, if surrender is permitted by Applicable Law, and to obtain the requisite governmental approval and documentation necessary to classify the Manufactured Home as real property under Applicable Law; d. that affixing the Manufactured Home to the Property does not violate any zoning laws or other local requirements applicable to the Property; e. that the Manufactured Home will be, at all times and for all purposes, permanently affixed to and part of the Property. 5. Charges; Liens. Section 4, Paragraph 1 of the Security Instrument is amended to add a new third sentence to read: Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph and receipts evidencing the payments. 6. Property Insurance. Section 5, Paragraph 1 of the Security Instrument is amended to add a new second sentence to read: Whenever the Manufactured Home is transported on the highway, Borrower must have trip insurance. 7. Notices. The second sentence of Section 15 of the Security Instrument is amended by inserting the words "unless otherwise required by law" at the end. 8. Additional Events of Default. Borrower will be in default under the Security Instrument: a. if any structure on the Property, including the Manufactured Home, shall be removed, demolished, or substantially altered; b. if Borrower fails to comply with any requirement of Applicable Law (Lender, however, may comply and add the expense to the principal balance Borrower owes to Lender); or c. if Borrower grants or permits any lien on the Property other than Lender's lien, or liens for taxes and assessments that are not yet due and payable. 9. Notice of Default. If required by Applicable Law, before using a remedy, Lender will send Borrower any notice required by law, and wait for any cure period that the law may require for that remedy. 10. Additional Rights of Lender in Event of Foreclosure and Sale. In addition to those rights granted in the Note and Security Instrument, Lender shall have the following rights in the event Lender commences proceedings for the foreclosure and sale of the Property. a. At Lender's option, to the extent permitted by Applicable Law, Lender may elect to tread the Manufactured Home as personal property "Personal Property Collateral Lender may repossess peacefully from the place where the Personal Property Collateral is located without Borrower's permission. Lender also may require Borrower to make the Personal Property Collateral available to Lender at a place Lender designates that is reasonably convenient to Lender and Borrower. At Lender's option, to the extent permitted by Applicable Law, Lender may detach and remove Personal Property Page 2 of 3 00475 Collateral from the Property, or Lender may take possession of it and leave it on the Property. Borrower agrees to cooperate with lender if Lender exercises these rights. b. After Lender repossesses, Lender may sell the Personal property Collateral and apply the sale proceeds to the Lender's reasonable repossession, repair, storage and sale expenses, and then toward any other amounts Borrower owes under the Loan Documents. c. In the event of any foreclosure sale, whether made by Trustee, or under judgment of a court, all of the real and Personal Property Collateral may, at the option of Lender, be sold as a whole or in parcels. It shall not be necessary to have present at the place of such sale the Personal Property Collateral or any part thereof. Lender, as well as Trustee on Lender's behalf, shall have all the rights, remedies and recourse with respect to the Personal Property Collateral afforded to a "Secured Party" by Applicable Law in addition to, and not in limitation of, the other rights and recourse afforded lender and /or Trustee under the Security Instrument. By signing below, Borrower accepts and agrees to the terms and covenants contained in this Rider. 1 rower #1 Joel W Hoopes 7 U M Notary Signature Page 3 of 3 (SEAL) (SEAL) Borrower #2 Borrower #3 Borrower 4 Notary Printed Name Notary Public; State of alr02 74(/!'79 Qualified in the County of My commission expires: 9 /,6- /s Official Seal: GLORIA K. BYERS NOTARY PUBLIC County of A y State of Lincoln het• Wyoming My Commisson Expires September 15, 2015 00476 STATE OF W arrz!/n9 ss.: COUNTY OF On the IQ C h day of in the year (00 /Q before me, the undersigned, a Notary Public in anEfor said State, p rsonally appeared Joel W Hoopes personally known to me or proved to me on the basis of satisfactory evidence to be the individual(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 capacity(ies), and that by his /her /their signature(s) on the instrument, the individual(s), or the person on behalf of which the individual(s) acted, executed the instrument. LEGAL DESCRIPTION 00477 A portion of the SE1 /4 SW1 /4 of section 3, T31N, R119W of the 6th P.M., North of Fairview, Lincoln County, Wyoming, being more particularly described as follows: BEGINNING at an iron pipe set at a point in the South line of said SE1 /4 SW1 /4, said point being 344.84 feet N 89 °59'05" W, along said South Line from the BLM type monument (Spike on Surface) marking the Southeast corner of said SE1 /4 SW1 /4, thence N 89 °59'05" W, continuing along said South line, 250.01 feet, to an iron pipe set; thence North 176.68 feet to an iron pipe set; thence S 88 °20'53" E, 253.62 feet to an iron pipe set; thence S 01 °10'57" W, 169.48 feet to the point of beginning.