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HomeMy WebLinkAbout866410State of Wyoming (1 888 418 BOOK PR PAGE 1 1 MORTGAGE (With Future Advance Clause) 1. DATE AND PARTIES. The date of this Mortgage (Security Instrument) is the parties, their addresse d tax identification numbers, if required, are as follows: L /t BRIAN1. CHARDSON KRISTINE RICHARDSON MORTGAGOR: KEMMERER, WY 83101 If checked, refer to the attached Addendum incorporated herein, for additional Mortgagors, their signatures and acknowledgments. LENDER: CONSECO FINANCE SERVICING CORP. P.O. BOX 4326 MISSOULA, MT 59806 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Morrttgagor performance under this Security Instrument, Mortgagor grants, bargains, conveys, mortgages�xld w ants to Lender, with power of sale, the following described property: tG All of the property located at 314 Mica St. in the City /Town /Village of KEMMERER County of LINCOLN State which the Borrower has an ownership, leasehold or other legal interest. This property particularly described on the schedule titled "Additional Property Description" which hereto as Exhibit A, together with a security interest in that certain 1998 66 X 28 BROOKFIELD mobile home, serial number IDFLWO4AB21724BF13 The Borrower does hereby authorize the Lender or its assigns to obtain a more detailed property description after the Borrower has signed the Mortgage, and to attach Exhibit A after the Borrower has signed the Mortgage. The property is located in LINCOLN (Address) WYOMING MORTGAGE (NOT FOR FNMA, FHLMC, FHA OR VA USE) 1994 Bankers Systems, Inc., St. Cloud, MN Form GTH- MTGLAZWY 12/18/96 (City) INC7I�+ RECEIV p. ,1N 00 JUN 1 t¢ P1'i t KEMMERER. I Space Above This Line For Recording Data at June 12, 2000 of is is WY in more attached K 314 Mica St. and (County) KEMMERER Wyoming (ZIP Code) 1, T -15 -51 -090 (11/96) (page 1 of 6) (9 )o Z abed) (96/1 L) 060 l 5-S l-1J 96 /9l /Z1 AMZV171W- H17uuoj NW'P al] "3u1 'SWaasAS sJamueg4661 •Aliadoid ayf anomdwl JO uiefulew of sieuafew io loge! 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Aq pampas iunowe IEdpupcfliWkil'11WI1 NOIIVDI19O Wnonvw „Aiiadomd„ SE of paiiaJai IIE) anoge paqunsap aieisa !eai ayi jo .1Ed aq 'amninj ayi u! awn Aue le JO `MOU Aew Imp sfuawapeldai pue samnixlj'sainpniis'sluawanoidw! amninJ pue 6ulls!xa IIE pue 'pals maleM puE'saiplip `s146u ueuEdu pue ialeM Ile `s2461i se6 pue ilo `s146u IEiaulw 'saliIEAoi `sapueua.indde `sluawasea `s146p lie yllm mayla6ol .t `11) 173 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 Mortgagors 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. 12. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Mortgagor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit development, Mortgagor will perform all of Mortgagor's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. 13. DEFAULT. Mortgagor will be in default if any party obligated on the Secured Debt fails to make payment when due. Mortgagor will be in default if a breach occurs under the terms of this Security Instrument or any other document executed for the purpose of creating, securing or guarantying the Secured Debt. A good faith belief by Lender that Lender at any time is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment or the value of the Property is impaired shall also constitute an event of default. 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Sou saop lunowe s!yu sasuadxa IE6al aaylo pue 'slso) lino) 'saa.1 ,SAawo33e algeuoseaa 'ol pal!w!I Sou s! 3nq 'apnpu! Aew lunowe situ 3uawnm3sul A3Ian3as s!y3 aapun sa!pawaa pue s146u s,aapua 6u!13a3oad ao 6upaojua '6u!3)allo) u! aapual Aq paaarnul sasuadxa pue slso) Iie Aed o3 saaa6e ao6e63aow •3gaa paanaas ay3 Jo swaal atl u! pap!noad se l)ajja u! a3Ea 3saaa3Us lsa46!4 at3 3E Ilnj u! pled pun 3uawAed a43 jo alep atl woJJ 3saaalul aeaq IIIM sasuadxa asayu •3saaalu! A3pn3as s,aapual pue A3aadoad atl 6u!33a3oad as!Maaylo ao 6u1/uasaad '6u!33adsu! '6upnsul J00 aapual Aq paaamu! lunowe Aue puewap uo Aed osie I!!M ao6e63aoIN •3uawna3sul A3!an3aS sit u! lueuano) Aue sa peamg ao6e63ao!ni j! sasuadxa s,aapuai jo Iie Aed o3 saaa6E mo6E63aow 'Mel Aq pa3!q!goad uaLM 3da)x3 'SISOJ NOI13311O3 !S333 ISA3N21O11V !SINVN3AO3 NO S3JNVAOV !S3SN3dX3 'S L weft suaddeq .10 sanu!3uo3 3! J! 3lne.ap e 3uana at3 aap!suo) aamEm 03 346p s,aapuai an!EM Sou saop aapuai '3InEJap s,ao6e63aow uo Apawaa Aue 6u!spaaxa Sou As '3lneeap 6u!3s!xa Aue jo aim ala!dwo) aa!nbaa 03 146u s,aapuai jo aanlEM E alnll3suo) Sou !lets paI!j ape s6U!paa)oad aansopaaoJ aa33E ao paleaa!a))e s! .10 anp s! a)ueleq a43 aa3Je 3gaa pampas a43 uo 3uawAed Ie!3aed ao 3uawAed u! wns Aue jo aapuai Aq a)uelda))e atu 't3moJ las Alssaadxa lou JO aag2a4M 'A3!nba .10 MEI 3E pap!noad sa!pawaa se 03 pal3!lua s! mapual a43 pue 'an!SnI)xa Sou pue an!3e!nwn) '33u!3s!p ape sa!pawaa lid 'Alaadomd a43 Ilan o3 aaMOd ay3 'uo!3E3!w!I 3notl!M '6u!pnpul sluawn)op pa3e!aa Aue pue 3uawnm3sul A3!mmaS situ '3gaa pampas a43 Jo swma3 atl 'Me! Aq pap!noad salpawaa a13 se o3 pap!3ua aq sets aapual 'uo!3!ppE U! •aa33eama41 aw!3Aue ao l!nejap e jo a)uaaana)o ay3 uodn 'Me! Aq paa!nbam j! a)!3ou 6u!n!6 aaw 'a!geAed pue anp AIa3e!paww! awoaaq Keys !edpuud pue lsaaalu! pana))e 'sa6met3 pue saaJ paaabe a43 J0 3med Aue mo Ile 'mapual jo uolldo at3 3V •llnejap U! s! a06E61m i/ j! Me! Aq pap!noad aauuew e u! 3uawnalsul AlunaaS S!LI3 asopamoJ pue 3gaa pampas a43 a3ema!a))e Amu aapual 'Aue J! `SUO!2El!w!I asa43 03 3)afgns suo!lae aansopaaoJ JOJ salnpaq)s aw!3 ts!Igelsa Aew pue sa)!lou aatlo JO amp 03 346p at3 jo aD!3ou 143!M ao6e63aoW ap!noad o3 aapual aa!nbaa II!M Me! alms pue papal `saaue3su! awns uI '1111V33a NO S3I03I413 L f 18. INSURANCE. Mortgagor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to maintain the coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this Security Instrument. All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Mortgagor shall immediately notify Lender of cancellation or termination of the insurance. Lender shall have the right to hold the policies and renewals. If Lender requires, Mortgagor shall immediately give to Lender all receipts of paid premiums and renewal notices. Upon loss, Mortgagor shall give immediate notice to the insurance carrier and Lender. Lender may make proof of loss if not made immediately by Mortgagor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Lender's option. Any application of proceeds to principal shall not extend or 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. 1994 Bankers Systems, Inc., St. Cloud, MN Form GTH- MTCLAZWV 12/18/96 175 4e7-15-51-090 (11 /96) (page 5 of 6) (9 10 9 abed) (96/11) (96/11)060-1 S-5 L -17 (alea) (ale 7)0 00v J, 600Z 3o Aep •ss (III nd Nel N) NOSGIIVHOD' HNIISIIDI (aJnieu615) (IeaS) 7002 T T :saaldxa uolsslwwo) AW f2I auT4s pus uospzsgOpg uuTag Aq slll aw aaojaq pa6palnnoupe Senn luawnalsul sly! 3O ALNf1OD (a.inieu6I5) (alea) 96 /91 /Z l AMZVDD1W W4O4 NW 'Pm!) .5 'swalsAS 5.1a)1ue8 4661 0 uTnloXM 3O 31V1S :1N3 W7a33MONNJV 1, (IenpinlPuI) (aanleu615) L a6ed uo palms alep alp uo luawnalsul Alunoas sly; jo AdoD a jo ldla3aa sa6palnnoure osle ao6e61aoW •sluawlpelle Aue ul pue luawn.ilsul Allamas sly; ul pauleluo3 Slueu0n03 pue swag; ayl o; saaa6e ao6e61aoIN 'mow! 6ulu6ls As :S311f11VNDIS •suaaal Ieuolllppy aall0 aaplb luawdolanaa llufl pauueld Jam wnlulwopuop [swall alge3ildde lie palp] •luawnalsul AlpnDas sly; jo swaal all puawe pue luawalddns pue mu! paleaodao3ul aae nnolaq pa)!DalO saapu all jo lea jo sluawaaa6e pue slueuano all •saaplb •apop lepaawwoD waoflun all Jo 6 appJvio sasodand ao] paoDaa jo pall aq Aew uolpnpoadaa aallo JO Dlldea6ologd `uogan Aue pue luawalels 6upueug a se saDujns luawnalsul Allanpas slll •Auadoad alp 0l palelaa saanlxIJ awopaq lilts ao am lell pue aanlnJ all ul JO MOU sumo ao6e61aoW 1e11 spoo6 ile u! lsaaalul Alpnoas a aapua1 of sluea6 ao6e61aoW •6u1113 aanlxl j •Alaadoad all uo luawanoadwl ue Jo uollPnalsuo3 all aoJ paaamul uolle6llgo ue sanDas luawnalsul A1lan)as sou •ueo1 uolPnalsuop •pasealaa pun paw ul ulewaa Illnn luawnalsul Allar3as `apueleq oaaz a o; papnpaa aq Aew lgaa paanpas alp y6noylld •uolslnoad llpan jo au!! 6ulnlonaa e sapnpul lgaa paanpas aul3 :luawnalsul Allamas slll of aigeDlldde aae 6ulnnolloJ all `pm1pal31I •SW1i31213H1O "SE •Alaadoad all o1 6ulleIas sly6p uolldwaxa pealsawol lie pue slassg pue suall Jo 6ulllelsaew all 6ulpae6aa 1161a Aue sanlenn ao6e61ao101 `noel Aq pallglload lualxa all of ldaDx3 •S»3AIVM 7z Parcel 1 A parcel of land lying within Tract 59 of the Resurvey of T21N R116W of the 6th P.M., Lincoln County, Wyoming more particularly described as follows: COMMENCING at Corner No. 1 of Tract 51 of the Resurvey of T21N R116W of the 6th P.M., thence N 35 °12'14" E, 1996.54 feet to the TRUE POINT OF BEGINNING of this description; thence S 4 °38' W, a distance of 248.39 feet; thence S 63 °57'43" W, a distance of 92.52 feet; thence S 1 °51'30" E, a distance of 156.50 feet; thence S 37 °30'00" E, a distance of 102.42 feet; thence S 64 °17'30" E, a distance of 232.34 feet; thence N 3 °18'30" E, a distance of 610.75 feet; thence N 85 °22' W, a distance of 209.54 feet to the TRUE POINT OF BEGINNING. EXCEPTING THE FOLLOWING THEREFROM a parcel of land lying within Tract 59 and Tract 60 of the Resurvey of T21N R116W of the 6th P.M., Lincoln County, Wyoming more particularly described as follows: COMMENCING at Corner Number 1 of Tract 51 of the Resurvey of T21N R116W of the 6th P.M., Lincoln County, Wyoming; thence N E, a distance of 1996.54 feet to the POINT OF BEGINNING; thence S 4 °38' W, a distance of 160.00 Feet; thence S 85 °22' E, a distance of 212.24 feet; thence N 3 °18'30" E, a distance of 160.04 feet; thence N 85 °22' W, a distance of 208.54 feet to the POINT OF BEGINNING. Parcel 2 The right of ingress and egress across the following described land: The easterly 30 feet of the land contained in Warranty Deed recorded June 16, 1962 in Book 54PR on page 548 of the records of the Lincoln County Clerk. 177