HomeMy WebLinkAbout87048203014188
THE JACKSON STATE BANK
P.O. BOX 1788
JACKSON, WYOMING 83001
APN 37182830100400
LOAN NO.: 7743705
which has the address of
515 THREE RIVERS DRIVE; ALPINE,
DOCPREP SERVICES, INC. DEEDWY2 1804
870482
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t300K 4 "P PR PAGE 5 6 3
MORTGAGE
THE JACKSON STATE BANK, A WYOMING BANKING CORPORATION
a corporation organized and existing under the laws of WYOMING
P.O. BOX 1788; JACKSON, WYOMING 83001
WHEREAS, Borrower is indebted to Lender in the Principal sum of U.S.
indebtedness is evidenced by Borrower's note dated DECEMBER 15
thereof (herein "Note providing for monthly installments of principal and interest,
not sooner paid, due and payable on JANUARY 01 2016
WYOMING- SECOND MORTGAGE -1/80- FNMA /FHLMC UNIFORM INSTRUMENT
Page 1 of 6
ORIGINAL
RECEIVED
LINCOLt' COUNT`' CLERK
00fJE }C23 A "18_t9
J EANNE WAGNER
KEMMEREFZ, WYOMING
[SPACE ABOVE RESERVED FOR RECORDER]
THIS MORTGAGE is made this 15TH day of DECEMBER 2000 between the Mortgagor,
STEVEN C. JOHANNES AND JULIE L. JOHANNES, HUSBAND AND WIFE, AS TENANTS BY THE
ENTIRETIES
(herein "Borrower and the Mortgagee,
whose address is
(herein "Lender
18, 000.00 which
2000 and extensions and renewals
with the balance of indebtedness, if
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 Lender, with power of sale, the following described property located in the County of
LINCOLN State of Wyoming:
LOT 22, FOREST MEADOW SUBDIVISION, ACCORDING TO THE OFFICIAL PLAT THEREOF
RECORDED IN THE OFFICE OF THE COUNTY CLERK, LINCOLN COUNTY, WYOMING.
(Street, City)
Wyoming 83128 (herein "Property Address
(Zip Code)
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.
Initi
Form 3851
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spund all 30 2utlunooam 'mum um 'amp 1nogltM `.Iamo.uog o1 ant3 ilegs zapua' spund ag1 uo JO 1Sazalut
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The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender
shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other
security agreement with a lien which has priority over this Mortgage.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of
loss if not made promptly by Borrower.
If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
the sums secured by this Mortgage.
6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments.
Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
Property and shall comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit
in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the
declaration or covenants creating or governing the condominium or planned unit development, the by -laws and regulations
of the condominium or planned unit development, and constituent documents.
7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then
Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
insurance as a condition of making the loan secured by this Mortgage, Borrower shall pay the premiums required to
maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
Borrower's and Lender's written agreement or applicable law.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become
additional indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of
payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing
contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder.
8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to
Lender's interest in the Property.
9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby
assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agreement with a
lien which has priority over this Mortgage.
10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of amortization of the sums secured by this Mortgage granted by Lender to any successor in interest of
Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in
interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for
payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the
original Borrower and Borrower's successors in interest. Any forbearance by Lender in excercising any right or remedy
hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the excercise of any such right or
remedy.
11. Successors and Assigns Bound; Joint and Several Liability; Co- 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 Prop erty.
LOAN NO.: 7743705 Initi
WYOMING- SECOND MORTGAGE- 1 /80- FNMA/FHLMC UNIFORM INSTRUMENT
DOCPREP SERVICES, INC. DEEDWY2 1804
Page 3 of 6
ORIGINAL
565
Form 3851
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9914
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9 Jo b abed
I'OSt ZAMUaaU •JNI `S33IAlIaS dalIdDOQ
iNavvat.LSMI INZIOdINa OW'1H.1 /VWN3 {OIN QNOJ3S
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jo slggta Ile jo pa3aegastp 'Nos os ,flaadoad at; 01 am) algtsealaput 3uTSaAuoa paap s aasetaand am 0; aaAtlap
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jo lie aaepap Sum 'uopdo mapuag le 'aapuag aatlou at; u( patltaads amp ag; aJO,laq ao uo paana ;ou st gauaaq agl 3I
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ao uo gauaaq Bans aim 01 aanlrul ;111(1 (b) puu :paana aq lsntu gauaaq tans patq t fq 'aamoaaog 0; paltem st aatlou 3143
amp 3143 utoa3 s,Cup ST uetl S3( 3011 '3311p a gauaaq tans gang 04 paatnbaa uotlae at; (z) :tauaaq a1(; (T) :gui&Jtaads
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smollo; se ooi o puu 3U11uano3 iaglln3 aapuag puu lam0a10
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iiq paanaas sums IIu /Cud isnw aamouog gMIgm uttltm paltuul ao paJantlap t aatlou x1(1 alp aq1 woa3 situp p£ trap ssal 1ou
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s,aapuarl 10 `aap11a1 •aapuarl gltm olut Saalua 10M011og 4OIgm luaulaaagu treat 33410 to `atudal `luawanoadtut `uotlultjIgOgaa
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paptnoad sr lapuall 01 a3potl Sq aluug(sap Sew aaMOaaog sr ssaappu 10410 4ons 111 10 SSOlppd I1.10dold a41 10 10M01log 01
passaIppu ltuw pa[31uao i(q a3pou 4005 guil[uw Xq 10 114 3uilant(ap Sq uan(g aq t(u 0 11 110w 5141 u[ 10; paptnoad aamoaaog
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567
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.
Upon acceleration under paragraph 17 hereof or abandonment of the Property, and at any time prior to the expiration
of any period of redemption following judicial sale, Lender, in person, by agent or by judicially appointed receiver shall be
entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those
past due. All rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the
Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and
reasonable attorneys' fees, and then to the sums secured by this Mortgage. Lender and the receiver shall be liable to
account only for those rents actually received.
20. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
21. Waiver of Homestead. Borrower hereby waives all right of homestead exemption in the Property.
LOAN NO.: 7743705 Init
I WYOMING- SECOND MORTGAGE -1/80- FNMA /FHLMC UNIFORM INSTRUMENT
DOCPREP SERVICES, INC. DEEDWY2 1804
Page 5 of 6
ORIGINAL
Form 3851
Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which has
priority over this Mortgage to give Notice to Lender, at Lender's address set forth on page one of this Mortgage, of any
default under the superior encumbrance and of any sale or other foreclosure action.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
LOAN NO.: 7743705
STATE OF WYOMING,
The foregoing instrument was acknowledged before me this December 15, 2000
by STEVEN C. JOHANNES AND JULIE L. JOHANNES
[person acknowledging]
WITNESS my hand and official seal.
My Commission expires: t■(210
WYOMING- SECOND MORTGAGE -1 /80- FNMA /FHLMC UNIFORM INSTRUMENT
DOCPREP SERVICES, INC. DEEDWY2 1804
REQUEST FOR NOTICE OF DEFAULT
AND FORECLOSURE UNDER SUPERIOR
MORTGAGES OR DEEDS OF TRUST
STEVEN C JOHANNES Borrower
TETON County ss:
[Space Below This Line Reserved For Lender and Recorder]
Page 6 of6
ORIGINAL
Notary Public
[date]
568
JERI COOPER NOTARY PUBUC
County of
Teton
State of
Wyoming
My Commission_ Aires June 1 'ar!li
Borrower
Borrower
Borrower
Form 3851