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HomeMy WebLinkAbout871159(y Jo 1 abed) 4618 L/ l L AM D11N un0A (L4CZ L) NW "PA 'LS "'out •swelsAS amities 466 L© (3sn VA FIO VHd'3W1Hd'VwNI 110d ION) 30V011:10IN DNIINOAM 00'000'SE8 30 INl0WV 381 NI 1000E11 031110 310N AHOSSIWOHd Ow 'swop Xpinrow 'sam ',mow; 'slunowv alou `sautvu siantoi.toq sv goys swans apnpw nog( my; palsaXSns st v ntoiaq map ay; Supuarafai um •suotlnlpsgns so suoilnou!poul `sirmauai `suotsuapxa haul jj>? pug mopq paquosap )(pp jo aauaptna aaglo 10 (s)AlurirnS `(s)laraluoa `(s)alou Aaossttuoid ijr jo swat atp aapun paunaut lgaQ 'Nf :smojjoj sr pautlap st „1gaa pa.maas„ uual atLL 'SaDNvAQv lLaLf ±1 QNV ,Luau QaIr10aS 'b •luauuulsul Alunoas aim m pa:Irtuoa slurdanoa aril jo Aur w ojiad rap pup Aptmoas s,Japua'j 10alodd of luaumipsul Altlnaas sup jo suuap alp iapun opera saauenpr 01 Ajddr you saop uotpeltuttj strip 'ow •lualutulsul Aptmaas sup op lurnsind aprtu Ajptjen saStrip pue saa; zagpo pue lsaaalut apnput you saop lunoure 3o uotjeututj suu, 00'000'5£ paaOXa you jjpgs aural auo Atm Tr puaumalsuj Apunaas sup Aq pains lunoute irdtauud !mot all ',LIbAUI/ NOILVJI'IfO „Auadosd„ se of pomp.' jpe) anogr paquosap alma jean agp jo papd aq `alnpty atp ut amp Aug 1p so `mou Ague imp sluatuaarjdat pup `samlxtj 'sampanaps `sluautano1dun ainpnj pug Sutpstxa jig pug loots aatrm pug `sagaptp `slgSta upurdp pug iaprm jje `spgS11 S pup tto `sp1Su jriaunu `satptpAo1 'saaum:founddp `sluautasra `slgsu up twit xatpasoy ago pug (apoD dIZ) (43) 011£B SututoAM NOl3V (Muni) d001 H311IW 10l 1p N100NI1 e;eQ SWPaoaall X03 aura spay aAOgy aaedS '303H3H 1HVd V 30VW ONV 013H3H 03H3VIIV „0„ 31f103H3S 33S :4tadold paquosap 2utmojjo3 at p 'airs jo 1amod gltm `aapua'j op spuraagm rue saSrSptout `sAanuoa `sutr9.trq `slurJS 1o2r9laoN luaUItulsuj Altanaas sup aapun aaurut1oj1ad s pug (mojaq pauijap) igau patinas atg aanaas of pUr `paspajmompe st IOtgm 3o AauatO1Jjns pug pdtaoaa agl `uotlr1aptsuoo ajgrnjrn our pool 303 'aDMVAaAANOD z sluautSpaimotopr pug samppuSts 11 m `sio9r9110JA jruotltppg ao3 'Twag palriodtoout umpuappd pagagur agp op .tajat `paaioaga 3I 011£8 AM 'N01311 585 X08 Od SINVN311NIOf 'N3SN3f 3IONVS ONV loom '0 SVWOHI :?IODND.L2 oN :smojjol SE OM `pannbai 3i `slaqumu uotpr3upuapt xgl pug sassa1ppe rpm `sapigd 100Z"0£•t0 st (luauttupsuj Alunaas) 02E511oj41 sup 3o alep aqj 'SaLLIIVd (INV aivQ 't (asngij aaupApd 01111n3 TIM) aovoiHoia llDdd 21d. F t, 3IOOU ONI O,VA J3taBV11V 3)1 3 ''I; NNV3f I :0114 8 6SIIL8 >J310 A.LN11O3 N (]3AD33.; (ssaippy) ui patraoj st Auadoad aq j £b151£0•£8 01198 AM 111011 1008 X08 Od 133111S NO1SNIHSVM 88£ A311VA HVIS 30 MVO 3H1 :ttgQt�ig'j SupuoCM jo a)Ing V L:i J 99 9 B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender under any promissory note, contract, guaranty, or other evidence of debt executed by Mortgagor in favor of Lender executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All obligations Mortgagor owes to Lender, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Mortgagor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Lender any notices that Mortgagor receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 7. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor's payment. Mortgagor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to maintain or improve the Property. 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims and actions against Mortgagor, and of any loss or damage to the Property. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Lender shall give Mortgagor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 10. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, including completion of the construction. 11. ASSIGNMENT OF LEASES AND RENTS. Mortgagor irrevocably grants, bargains, conveys, mortgages and warrants to Lender as additional security all the right, title and interest in and to any and all existing or future leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases and rents, issues and profits (all referred to as "Rents Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor is not in default under the terms of this Security Instrument. Mortgagor agrees that this assignment is immediately effective between the parties to this Security Instrument. Mortgagor agrees that this assignment is effective as to third parties when Lender takes affirmative action prescribed by law, and that this assignment will remain in effect during any redemption period until the Secured Debt is satisfied. Mortgagor agrees that Lender may take actual possession of the property without the necessity of commencing legal action and that actual possession is, deemed to occur when Lender, or its agent, notifies Mortgagor of default and demands that any tenant pay all future Rents directly to Lender. On receiving notice of default, Mortgagor will endorse and deliver to Lender any payment of Rents in Mortgagor's possession and will receive any Rents in trust for Lender and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Mortgagor warrants that no default exists under the Leases or any applicable landlord /tenant law. Mortgagor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. ©1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 (page 2 of 4) (i'Jo 46/81/11 AM- DIW-31i W1ed (1 PEZ L66 00B 1) NW'Pn °IZ 1S'•oui'ewe;.AScumin 4661© JO puma Jou jjEgs irdpuud of spaaooid 3o uopronddr /Cud •uopdo s,iapua7 lE `anp uagl Jou Jo IaglagM `lgaQ palnoaS ail of so Amadoid am 3o iredai io uopEiolsai ail of patjddE aq urns spaaooid aourinsu! ijr `Sutltint ut paaiSE astMlaglo ssajun •Io8E211o1/ dq /ip3Etpaurtut apnw Jou 3t ssoj 3o 3ooid alum Arm Iapua7 •iapuaZ pur iatiiro 03uginsu( ail of aotlou am!paurun ant$ jjEgs Io$ESJioj j `ssoj uodn •saopou jEnnauai pur sumtwald mud 3o su1poai Iapua7 of ant8 /Cpas pawwt urns Io8E811o1/a `saitnbai Iapua7 3! •sjrmauai pur saptjod ail pjoq o3 1g8II am OAK( netts Iapua7 •aourinsut ail 3o uoprutuual io uopEjjaouEO 3o Iapua7 /C3pou /ipa3Eipatum jjEgs io8E81iojsj „•asnep aaArd ssoj„ `ajgEotjddE a1agM `pug „asnnp a2g21low„ piEpuEls 11 apnput jjEgs pug Iapua7 01 ajgE3daoor aq jjEgs sjEMauai pug satotjod aouninsut iw •luaunulsuj M!1noas stgl 3o suual ail of 8urpi000r /Cliadoid ail ut s3t iz s,iapua-j loaloid of aSEI0A03 utglgo `uopdo s,Iapua7 JE 'Arm Iapua7 `anogg paquosap a8E1an03 aqJ rEJu(Em of sjiE3 JoarSliow 3I •pjaggltM /ilgEuosraiuu aq Jou imp tpnj `jrnolddd s,iapua' of loafgns Io2E8liop /Cq uasogo aq urns 03uginsut a'i3 2u(ptnoid IatiiEO aourinsut aqy •saimbal Iapua7 lEgl spotlad aqJ io3 pur slunotu am u! pautElutgur aq jjEgs aourinsw siuj •uoprooj pur adA1 slt of anp /Clladoid app 113tH pawl ossi dlgEuos11al s11s!1 pug spiEzEq iaglo pug 13atp pooj; `ai3 /iq sscj Jsulrar painstri f113L1o3 daa1 HELLS Io8E821ojAT •3DNVNf1SAII •luaumoop uatj iaglo JO J11awaa1SE /i3tinoas 'man 3o paap `a2r8liow Iopd /Cur 3o SWIM ail of loafgns st spaaooid 3o luautu8tssz s1gy •luawn11stq /iltinoaS stgl Ut paptnoid sr patjddE aq 'um pun s3uawArd paiap!suoo aq jjEgs spaaooid gous •/iliadold ag13o lied Aug JO jjE 3o SunlE3 iaglo so uopruurapuoo g 1(u t paloauuoo sa8gurep io3 ufEjo io piEME /Cur 3o spaaooid ail Iapua7 of suStssr IoSESlioN sump 10 suotlou pagtiosap anogg am 3o Lug ut awru s,1oSE211oyCj ui aU0nialut Ol lapua7 saztiotpng Io2E83io1H suuaw Iaglo Aug so `umtuop luautwa `uot1Eutuapuoo tiSnoitil /Cliadold am 3o jjE 10 /Sue a) 1 10 asEgoind o1 sappua oilgnd so a1Entid /iq uotlou paualnaigl so Sutpuad Aug 3o aotlou Jdwold iapuaZ anii ljtM io2rS31oN 'NOLLvNINIauA103 'Li MEZ JEluatuuoltnua /iuu 3o uotlglotn 0113 10 aouElsgns snopirzEH /iur 3o asEajai pau0lral 10 asnajai am 01 Supulal Sutpaaoold so `Lump `uot1r8i1SaAU1 paua3Eaig1 JO Su(puad /Cue st aiatp anatpaq of 110Sral sEq IOSESIioyg SE uoos sr $upt1M ut lapua7 /ijuoU ,CjalrIpaururt iirgs Io8ES11ow •(1 •■EZ LEluamu01!AUa /fur 111tH aourp1o3 u uI u0pon m!paurai /CmSSaoau TIE mum's ilEgs ioSE21101^j `Juana uE'ions u1 •/Caiadold ail Su!tuaouoo MEZ jnivamuoitnug /Cur 3o uopEjopt E si amp 10 /C11adold aq3 1nogE 10 1apUn '110 S111330 a°uEJsgnS snoplEZgH 113o asnajai paua3Ea1g1 10 asnajai E 3t iapua7 43!3011 /C1alrtpawwt !urns Ioar51loySp •3 •Mn71EJUawmoltnua ajgEotjddE Atm mph aourtjdwo° iitt3 ut UIEUtaI urns pug `an 'wag anEq 311111103 Anna pug Io2aliol/q `Iapua7 0l Bup 1M ut paBpajMOU1l r pur pasopstp Xjsnotnaid sr ldaoxa •H •/Cliadoid am 3o aourualurew pug asn jgwiou aq1 Io3 alEtidolddd aq 01 paztu800al /CljgiauaS a1E lEgl saouglsgns snopigZEH 3o satltlurnb jprms o1 /ijddu Jou saop uop°tllsai spay •d3ladoid am Ill so 110 pasrajai 10 pawls `pa3EOo! aq !um 10 st 03u113sgns snoplEZgH ou `Iapua7 OJ Sut3t1M ut pa$pal /mm.1ov pug pasopstp /ijsnotnaid sr idaoxa •d saai8r pur s3uEI1EM `sluasaldai IoSES11o1/a MEZ lnluawuolrnua /Cug Iapun „aouE3sgns snopirznq„ IO „a3SEM snopi11zrq„ „`SaouE3sgns 3iX03„ „`jgiIalrw snoplEZgq„ SE pauuap saouElsgns /cUE `uot1E31utij lnogl!M `sapnpu! 111iO3 aqj, •1u0wuoitnu0 10 a1E31aM `,C3a3Es `gljrag otlgnd ail o3 snola!urp /i!1Epua3od io snolagurp aounlsgns ail lapuai IptgM sopspa3oeirtp sEq gotgM Jumulturwoo to lUElnjjod `a3SEM 'miaow snoplEZEq JO anporotpri `0!x03 Aug suraw a°UElsgns snoplrzEH (z) pug °aouR3sgns snopirzrq E JO Juawuoitnua `a1E31aM `/C3a3ES `g3jnaq oiignd aq3 Stnuiaouoo sla33aj antlaldla3ut Jo suo(u(do lnlauaS /iauio3JE `siapio 311100 `saourntpio `suot3Ejn2a1 'smut jgooj pur a3113s `jrlapa3 Jam° lir pug `(•bas la 1096 •D•S•fl Zb `y a3) Sod /iltjign17 pur uopgsuadwo3 `asuodsau IEluawuoltnua antsuagaldwoD ail `uotlRutuij 3110113tH `suraw MEZ jn1UatuUolinua (j) `uot3oas sigl ut pasn s V 'SaDNVISUf1S Sf1OQmIVZVH QNV SMV'I 'IVItslaJANOMMIANa '9I •asgajal lions 3o moo uopRp1oo0l /Cur 103 /i11d o3 saa1SE 108E811oini •pasgajal jtuun 100330 in mutual urns 1Uawnilsul ,ilunoas stay •Iapua7 a1113o aa/iojdma paprjrs E 103 saa3 ,s/Cau1o13E apnjout 3011 saop Junow= spa •sasuadxa jr8a! 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At m 3o suotstnold app tptM £jdwoo 01 saa1S11 1oSE231oya 7 G t, 11 f T 'RI •1!11113013 TIT St 1o8E831oy%j 3i M11! £q paptnoid IauuRw E ut luawn tsuj Animas sup asopalo3 pile 1qau palnoaS ail a3E10(0oor Amu Iapua7 '/iur 3i `suotl11l1unp main 0l loafgns •suopo1 alnsopalo3 io3 salnpagos awp gstigRlsa /i11W pup 500(1011 Iag20 10 01110 0l 3g8!1 am 3o aotlou mph Io8E211oi/1 0ptnoid Ol Iapua7 allnbal (iiM M11( awls pur 1r1apa1 `saourlsut awns uI ',L'If1v3a( NO saIQaylta i '£I 'SINa1AidO'IaAaU ,LlNIfl U NMMV'Id tSIAinusawoQAiOO !SQ'IOHHSVa'I 'Zi postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Mortgagor. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. 19. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 20. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and Lender's lien status on the Property. 21. JOINT AND INDIVIDUAL LIABILITY; CO SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Mortgagor, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation. These rights may include, but are not limited to, any anti deficiency or one action laws. Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. 22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 23. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors. 24. WAIVERS. Except to the extent prohibited by law, Mortgagor waives any right regarding the marshalling of liens and assets and all homestead exemption rights relating to the Property. 25. OTHER TERMS. If checked, the following are applicable to this Security Instrument: Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Mortgagor grants to Lender a security interest in all goods that Mortgagor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] Condominium Rider Planned Unit Development Rider Other PAYMENT RIDER Additional Terms. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortgagor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. J 1 4 4 1- 3C crt cLitd,Le. K 1- 3o- o (Signature) THOMAS D. TRUCHOT (Date) (Signature) SANDIE JENSEN ACKNOWLEDGMENT: STATE OF WYOMING COUNTY OF CO IA (Individual) This instrument was acknowledged before me this 301 day of JANU b THOMAS D. TRUCHOT; SANDIE JENSEN, JOINT TENANTS My commission expires: 3. t 5`f (Seal) COUNTY OF STATE OF LINCOLN WYOMING MY COMMISSION EXPIRES: l 6 2I' c 01994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 (Notary Public) ss. 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B. FUNDS FOR TAXES AND INSURANCE Uniform Covenant 3 of the Security Instrument is waived by Lender. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Payment Rider. Bankers Systems, Inc., St. Cloud, MN Form MPFR -PR 8/25/2000 THOMAS D. TRUCHOT 159 22 6 9 (Seal) Borrower 1 (Seal) SANDIE JENS N (me (page 2 of 2 pages)