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HomeMy WebLinkAbout866973PREPARED BY AND RETURN TO: STEPHNIE FARMER TRANSCONTINENTAL TITLE CO. 2605 ENTERPRISE RD. E. STE #200 CLEARWATER, FL 33759 1 -800- 789 -2240 866973 MORTGAGE Xsw 0%709 THIS MORTGAGE is made this 2ND day of JUNE 2 0 0 0 between the Mortgagor, RODNEY L. PIATAK AND SHANNON T. PIATAK, HUSBAND AND WIFE AS TENANTS BY THE ENTIRETIES BANN-COR MORTGAGE, A CALIFORNIA CORPORATION existing under the laws of CALIFORNIA 26431 CROWN VALLEY, SUITE 100 MISSION VIEJO, CA. 92691 WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. indebtedness is evidenced by Borrower's note dated JUNE 2 2 0 0 0 thereof (herein "Note providing for monthly installments of principal and interest, with the balance of indebtedness, if not sooner paid, due and payable on JUNE 17 2 015 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 24 OF THE RIVER VIEW MEADOWS ADDITION TO THE TOWN OF ALPINE, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. which has the address of 33 0 SNAKE RIVER DRIVE [Street] (herein "Property Address Wyoming 8 312 8 [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." Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that Borrower warrants and will'defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds equal to one twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Mortgage and ground rents on the Property, if any, plus one twelfth of yearly premium installments for hazard insurance, plus one twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. WYOMING SECOND MORTGAGE 1/80 FNMA /FHLMC UNIFORM INSTRUMENT -76(WY) (8912).01 BAN -76WY (09/97) REVISED 76WY Page 1 of 4 VMP MORTGAGE FORMS -1800)521-7291 RECEIVED ..iNCOL ^.I COUNTY CLE. QOJ.OL IQ :5r J E A NIA L KEMMERER. WYOMING BOOK 445R PAGE 5 0 (herein "Borrower and the Mortgagee, ALPINE a corporation organized and whose address is (herein "Lender 35, 000.00 which and extensions and renewals [City] Form 3851 LI Z) Initials:/ sleili�� 1 85 WJo jo t aBed AM9L 03SIA31:1 (L6/60) AM9L wit Lee) (AM)9L •,Cpawal .10 lg211 tons ,(uu ;o asolaxa all apni0aud so jo uantnm r aq 1ou iings `mei afgnotiddr ,Cq papio33s asinuagto 10 `Japunaia2 Apauiai 10 1g2t1 ,fur Sutstataxa u! lapu07 ,Cq a0umreagloj ,iuy 'lsaualut ut slossaoons s,uamolma pur 1amo11og izu►2t10 aq1 Xq op= pu11wap ,(ur jo uosmal ,(q a2u2uoini suit Xq Ninon sums ail jo uoi1rz111owe Aim= astmlagto .10 luawAvd 10; awp puma o1 asn;ai so lossaoons tons tsutar s &utpaaooid aouawwo0 of palmbal aq 1o•! 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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 Property. 12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Mortgage shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. 13. Governing Law; Severability. The state and local laws applicable to this Mortgage shall be the laws of the jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of federal law to this Mortgage. In the event that any provision or clause of this Mortgage or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Mortgage and the Note are declared to be severable. As used herein, "costs," "expenses" and "attorneys' fees" include all sums to the extent not prohibited by applicable law or limited herein. 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time of execution or after recordation hereof. 15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under any home rehabilitation, improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's option, may require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assignment of any rights, claims or defenses which Borrower may have against parties who supply labor, materials or services in connection with improvements made to the Property. 16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Mortgage. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Mortgage. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Mortgage. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Mortgage without further notice or demand on Borrower. NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Acceleration; Remedies. Except as provided in paragraph 16 hereof, upon Borrower's breach of any covenant or agreement of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, Lender prior to acceleration shall give notice to Borrower as provided in paragraph 12 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a date, not less than 10 days from the date the notice is mailed to Borrower, by which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Mortgage. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the nonexistence of a default or any other defense of Borrower to acceleration and sale. If the breach is not cured on or before the date specified in the notice, Lender, at Lender's option, may declare all of the sums secured by this Mortgage to be immediately due and payable without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided in this paragraph 17, including, but not limited to, reasonable attorneys' fees. If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law. Lender shall mail a copy of a notice of the sale to Borrower in the manner provided in paragraph 12 hereof. Lender shall publish the notice of sale and the Property shall be sold in the manner prescribed by applicable law. Lender or Lender's designee may purchase the Property at any sale. The proceeds of the sale shall be applied in the following order: (a) to all reasonable costs and expenses of the sale, including, but not limited to, reasonable attorneys' fees and costs of title evidence; (b) to all sums secured by this Mortgage; and (c) the excess, if any, to the person or persons legally entitled thereto. 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; (e) 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. -76(WY) (8912).01 BAN -76WY (09/97) REVISED 76WY Page 3 of 4 For Initials: 158E WJOj ((1 u Iv uiSii o 2M0110g- (Ins) ]aMO.UOg- iga s IaMO.110H- (]gas) 1 0M0i.(og- [iapiooau puz iapurq Jog paniasag au17 s(uj Mot% coeds] 000E (171 131, 16926 VIN2IOJI IV0 `OfgIA NOISSIIAI 00I# `AVM?IUIVd AUTIVA NMO2I0 I £t9Z gJVO L2IOJ�i 2100 NNVH c ‘ska\3 paasdaad SUM ivatunaisul slay oggnd tieloN ,Cq SSISS2IISNS HILL XS SSNKNSL SK S3IM QNKSSIIH ')IKSKid '.L NONNKHS atm )IKZKid Z .SNQO2I 0Q9 I- sitp am aaojaq papapktouXoz svm luau:ntlsul Wulogaao3 at11, :ss ,f;uno0 )KSKId NONNKHS Kid Z xSNao2i (Igos) AM9L a3SIA311 (L6/60) AM9L-NV8 b to q e6ed LO(t68) (Am)9L-VD °a3g2uoN sigl palnoaxa sgg z3m0110$ `dOg2IaHM SS3N.LIM NI °uoilog aznsoloazoj lagto .to ales Aug Jo pug mum:qutnoua zotzadns aql zapun lingjap Aug jo '13g21z0N sigl jo auo aggd uo quo :las ssazppg s,zapua-1 lg 'zapuaj of aotloN ani2 0f aMl.oyA[ stgl zano Altzoud sgg golgm uai[ t glim aougzgtunoua zaglo JO lsnzl jo pap `a2g3uout Aug jo zapjoq aql lsanbaz zapua'l pug .amonog ISf12LL 3o saaaa HO saov L2IOb1i 2IOI1Iadf1S 2I3aNf1 a2IfISO'IDa1103 aKV inny3aa 30 axiom 2103 ,Lsanhau ,Cuadozd agl ui uoilduzaxa pgalsatuoq jo sanigm Agazaq zamozzog 'pnaisatuog ;o .I Ap 'IZ °Aug ji 'uo jo slsoo IIg Avd hugs zamozzog °zamoUog rn azggo tnoglim a5g231op sigl amp.: I]ggs zapua' 'a2g2lzoN sp ,Cq paznoas sums IF jo luaut,Cgd uodn •asuala2l 'OZ °paniaoaz JIlgnlog sluai asogl .toj Apo lun000g o1 aiggtl aq Ilggs .taniaoaa agl pug zapua-1 °a2g2uoj sigt Aq paznoas sums am of uagl pug `saaj ,sAouzong algvuosgaz pug spuoq s,zaniaoaz uo stuntutazd 'saaj s,aaniaaai 'ol palttutl lou lnq &utpnloui 'qua/ jo uotloaiioo pug Auadotd agl jo luatuaguutu jo slsoo agt jo luatuAnd of lug pailddg aq Ilggs .taniaoat am .10 zapua1 Aq paloalloo sluaz IIV 'anp lsgd asogt 2utpnloui Miadoid agt jo qua: aqt loalloo of pug Auadozd agl arum: pug jo uotssassod `uodn zalua of pa[ltlua aq liggs 'laniaoa1 paluioddg Augioipnc ,Cq JO lua$g ,iq `uoszad ut `zapua -j `ales leioipnf WmAnolloj uoudutapaz jo popad Aug jo uoilgzidxa aql of zotud aut]3 'cuu le pug 'Auadozd am jo luatuuopuggg 10 joazag LT gdga2gtgd zapun uopuzalaoog uodn 9Q0 3 0 ZS6Z6Z8 t0'I i 300Z .t1 Iagwa�a0 sal oz3 uoissiwwo0 fi AuIWO,(M Aa oli4od 61c1oN Idd1111Hd H NA1182l3HS :saztdxg uo]sstunuo0 AN `DN /VOAM do g.LV LS