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HomeMy WebLinkAbout870104(17 Jo j abed) 00'00S'61$ 30 .TNr101n1K ;ITT, NI 0002 08 2l3gIAIIAON O LVQ SION A23OSSIWOdd (•31a 'salvp iQunjntu `sale[ 1sa.[a1uj `slunouty alou `satuvu ,sianao.uoq sv °ions swap apnpul nod lvzp paisa88ns s� 11 laopq slgap dip 8upuadajai uayrn) •suoilnlilsgns Jo suomoilipout 'sigma= `suoisualxa .nagl iig pug molaq paquosap igap jo aouapina Jaglo Jo (s)klugign2 `(s)loailuoo `(s)afou £iossiuzozd Hu Jo suual aql Japan paunoui igaQ •d :smolloj se pauljap si „lgau paznoas„ uizal 0 11.E 'SHONvAQv MIA,LLk! 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ONI.LSIX3 Q I Q2ZINK0UO =OH NOS?DFvr 30 )INVE 3g_L sluauz2palmouxas pug saznlgu2is Jiagl `sJO$a1JOyAI Isuoilippu .oj `uia1aq palsJOdh0OU! U npuappd pauogllg alp of _raja' `parago 3I 0002 '08 2IIgfWIIAON eleu 2u►pao3au ao3 gun svgs, anogd aaeds mien aau6eM euueer AM 'J9JaWW W i 0 j 3 l P p 46/8 L/ L L AM wWud L4£Z NW 'PnoiD '3S "uu( .swalsAS sJa)ue8 466 Lpp (3Sf1 VA HO VI-Id 'OWIHi 'VINNA NOd ION) 39V0I1l0W ONIWOAM 0088 LS OS =pas 7VI00S 20088 AM 'NOS?Drdr t'0808 XOg NOS2i'3d 3'10NIS V ci W NMFZHS :110DVD.I.?IOIAI :smolloj su an `paiinbai li `sJaqumu uoilgog( xgl pug sassaJppe Jragl 'sawed st (luaurtulsui iilimoas) ail 1J0JAJ sup Jo amp au.L 'SaI.L?IVd QNV LLV I (OSnRIO aougnpd °mind 111iM) aDVDZIIOIAI N`IOONI`I ui palsool si iiiiadoid a a 2u►mo,ft jo a1' 1S /T(1l7T(1T(1 'Z 'I (..071.r4 5.31 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. �q (page2of4) ©1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 (17 }o E abed) 1 c./ 176/8 L/ l AM 011/4 321 w It4EZ NW 'Pn •19 311 1'swalsAS sla >lue9 j'66t0 Jo puma Iou Hogs ludiouud o1 spaaoold jo uopyoitddu Am/ •uoildo s,iapua't 111 `anp uatl iou .Io .Iagtagm `1Qas painoas attl of .Io dlladoid atl jo nodal io uopulolsal ant of pagdd0 aq hugs spaaoold aouyinsui I10 lupIM u! paaau as!Mlaglo ssalun •10212l.Iow iq 1ita10ipatuuti apuui iou 3i ssot jo 3ooid axuuz ,Coto Japual •lapuaj puo 1O11103 a3uoinsui ail 01 a3120U atutpatutul ani2 hugs Jo2o2tioJ J `ssot uodn •saoilou tumaual puo stunimoid plod 3o sldiooai Ito lapua'1 0l OAi2 litat0ipau1111i Hogs Io2u2poJAJ `sa.iinbaa Japuarl 3I •sluMaual pit0 satoilod ag1 pt0il 01 Ig2i1 at1 3A011 Hogs lapuag •aouoinsui aq1 jo uop0u1U11a1 10 uoilg11aOUyo jo iapuaZ fi3Tou 1(laluipaunui hugs .io2u2l.iot,i „•asn0to aaSod ssot„ `atgyollddu a1agM `puu „°511013 0111 11OUt„ p10puOls g apnlom Hogs puo lapua' of atg01daooi aq Hogs stomauai puu saioitod amen-Ism !Id •luauttutsul Animas sits 3o stunt attl o1 2uipiooao Xlladold atl ui slg2ii s,lapua7 loalo.zd 01 aaulanoo motto `uoildo s,iapual le 'Amu Iapua'1 `anogo paquosap a2g1OAO3 0q1 uiuluigum 01 SII03 Io2y$I1ow 3I •ptagglim 1(Iquuosuaiun aq lOU hugs town I1noidd1 s,lapuaJ O1 loafgns Io2y2110JA /(q uaso11O aq hugs a3uulnsui all 2uipin0id 10U1113 a3U01USU1 Ot j •saiinbal Iapual lugs spouad ag31o3 puo siunouln aq1 ui pauiuluigut aq hugs aouu.unsui sigj •uoiluoot puo ad/CI sli o1 anp ,C1ladold aql grim pat0i3ossu /Clquuosual s)tsil puo swung Iatllo puu 13°111 `pooh `all; Cq SSOI lsuiau palnsui 1(11ado1d dawt hugs 1O2u211OJA 'daMVIIRSMI •IuaulnOOp gait Jaglo zo luatuaO1 0 Animas `lsiul jo poop `O 0 1Joui Ioud Sue 3o saint atll 01 13afgns si spaaoold 30 luatuu2Issu stgI •luautnilsul 1(1ufOaS sigl ui papinold so paitddu aq !pm puu sluauuf(ud palapisuoo aq hogs spaaoold tans •1i11ado1d aql jo pod 1(00 .Io Ito 3o 2un[I2 iagio 10 uoiluutuapuoO 0 grim paloauuoO sa20ulup 10I uuiujO 10 pigmy /Cuu 3o spaaoold aq1 Iapua'l 01 su2Iss0 10 E 110JAI •SU11yp Io suoilou paquosap anoqu am 30 Su0 ui amou s,io502110JA ut auaAlalui 01 1apua'I sazilotiny J020211ow •su0a1u 1aglo 1Cu0 10 `UTOutop mamma `uop0uulapuoO 42noitp 1tladold °11130 He 10 1(1111 03I01 10 asygaind o1 sajlpua oitgnd 10 °tumid 1iq `uoilou paU0luaitl 10 uipuad Sur jo aopou idtuoid Iapua-1 ani$ !pm 1o212iloJAI 'AIOIIVNI%ia(IMOD 'T 1uluautuoiinug flue 3o uopotOIA atj1 .10 aouolsgns snopluzOH 1Cuo 3o asuatai paualOai 10 asOatal am 01 2uil0tal 2uipaaooid 10 `tulolo `uopo psanu! 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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 Additional Terms. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortgagor also acknowL dges receipt of copy of this Security Instrument on the date stated on page 1. (Date) (Signature) ACKNOWLEDGMENT: STATE OF ING COUNTY OF (Individual) This instrument was acknowledged before me this ..-::9 day obeC ff01 7113 FIR- a by SHAWN M... BARD., &.$INOTF PERSON ©1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 (Notary Public) (Date) (page 4 of 4) 02014044 LAND TITLE COMP. TEL: 13077336186 Recorded J2 62 at /,l1 WARRANTY In Book 'b Page �.?.3 Ke M 4 mrr�erer, WY D '.11 Jeanne Wagner, Clerk TODD A. HUBBARD and ALYCE g HUBBARD, husband and wife Grantors of Montrose, County of ontrose State of Colorado hereby CONVEY and WARRANT TO CLYDE R. JORDAN, a married man, as his sole and separate property Grantee of Box 3285, Jackson, WY 83001 for the sun of Ten Dollars and other good and valuable consideration the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: SEE ATTACHED EXHIBIT "A" Subject to reservations and restrictions contained in the United States Patent and to easements and rights -of -way of record or in use. Together with all improvements and appurtenances thereon. WITNESS, the hand of said grantors, this 3V day of November, A.D. 2000 STATE OP COLORADO County of :55 LAND TITLE COMPANY Mar 13'01 .16.:15 No.014 P.02 41!)! Todd A. Hubbard On the vrh day of November A.D. 2000, T odd A. Hubbard and Al personally appeared b €are•'me or identified to persona whose names are subscr b d the i hin instrument, and ack io,rledg k+• to me that they executed the same. 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