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HomeMy WebLinkAbout86572702013296 THE JACKSON STATE BANK P.O. BOX 1788 JACKSON, WYOMING 83001 APN LOAN NO.: 4935535 which has the address of 167 PARKWAY DRIVE; ALPINE, Wyoming 83128 (herein "Property Address (Zip Code) MORTGAGE 365727 (Street, City) hereinafter referred to as the "Property." Initials WYOMING- SECOND MORTGAGE -1/80- FNMA /FHLMC UNIFORM INSTRUMENT DOCPREP SERVICES, INC. DEEDWY2 1804 Page 1 of 6 ORIGINAL RECEIVE! I C 365271 oo AP„ 1a l7i i q JEANNE t €4EMMERER, WYOMING 41 3 P PAGE--- S BOOK [SPACE ABOVE RESERVED FOR RECORDER] THIS MORTGAGE is made this 7TH day of APRIL 2000 between the Mortgagor, TREVOR GARRELS AND KRISTIE GARRELS, HUSBAND AND WIFE AS TENANTS BY THE ENTIRETIES (herein "Borrower and the Mortgagee, THE JACKSON STATE BANK, A WYOMING BANKING CORPORATION a corporation organized and existing under the laws of WYOMING whose address is P.O. BOX 1788) JACKSON, WYOMING 83001 (herein "Lender WHEREAS, Borrower is indebted to Lender in the Principal sum of U.S. 20, 250.00 which indebtedness is evidenced by Borrower's note dated APRIL 07 2000 and extensions and renewals thereof (herein "Note providing for monthly installments of principal and interest, with the balance of indebtedness, if not sooner paid, due and payable on MAY 01 2030 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 7, PALIS PARK SUBDIVISION, ACCORDING TO THE OFFICIAL PLAT THEREOF, BEING PART OF THE N1 /2SE1 /4 AND THE SW1 /4NE1 /4 OF SECTION 29, T37N, R118W, 6TH P.M., WYOMING RECEIVED 00 HAY "'I t; V KEIv MEREF, kre01'0I •Jii 'w BOOK PAGE 317 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 thi I Mortgage is on a leasehold) are Form 3851 968 8 TE Sletittll rIVNIDIII0 9 3o z aged MST ZAMCMCI 'DNI 'S33IALIdS d3IdDOQ 1.N'dWIIN,LSNI I1RIO4INf1 OW'IIIEVPIN3 /I QNOD3S OAM S£SS£6t :'014 NvOZ °annbal hut lapuarl se spouad tans 1o3 pue slunoui lions ut pue aitnba.I icgut lapual se spiezuq 1ag10 tons pue „'a2glano3 papuafxa„ uuai agl.utgltm papniout swum; `mi3 Aq ssoj isute2s pamsut icuadold all uo paloma aalUealag 10 2119Sixa MOU SluautaAO1dU1I 0t1 da231 netS 10M0.1.10$3 •aaueJnsttj pJgzug •S ,Cue 3t 'slum punoiS so sluauiAud Notional pug 'aSe2u0JA4 sail 1ano Aluoud a menu Am gotgM Auadold am of atgelnqulle suotltsodurt pug saug `sa$1ego atio pug sivatussasse `saxel Ile pred aq o1 asnno 10 tisd frets 1amo11og anp uatm sluatuAud 0318111 o1 s111e110AO3 s,lamo11og Sutpnlout `a2e2uoyst sup lano icluoud set Liotgm ua!I s tum ivatuaaa2e Aiunoas imp .101stu13o paap `a2e2uotu Aug .iapun suope2ttgo s,aamouog jo lre uuojlad lregs 10M011O •suan :saS n qa :3sn iZ jo spas j pug sa2e21Joj Jolla •b •a1oN ag13o redtouud am or tram pug 'atom all uo alggiced 1salalut of uagi 'palm( Z ttdeamed lapun .lamouog Aq Japua^l o1 alge C d srunoure jo luauaed ut lop iapua-1 tiq pattdde aq netts pant{ Z pug it sidd12e15d pue mots' all aapun lapua-1 Aq pantao01 sluauitisd Ire `astmlatlo saptnold met alquotldde ssalun •sivatuAgd 3o uofeottddy a2E2uow sup Aq pampas stuns am11sure25moan g se uotpEogdde jo amp am 1s Japual Aq plat spun! 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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 mo dying this Mortgage as to that Borrower's interest in the Property. LOAN NO.: 4935535 Initials WYOMING- SECOND MORTGAGE -1 /80- FNMA /FHLMC UNIFORM INSTRUMENT DOCPREP SERVICES, INC. DEEDWY2 1804 Page 3 of 6 ORIGINAL 319 897 Form 3851 ISg£ tuna SjBi;nll IVVIDI IO 9 3o b aged boos ZA to a Ong `S30IAZIZS duudWOU ,LN33Ni»NaSNI NRIO3INII ONPIIH3/VNIN3 /1 IO1N UNO03S SESSE6, :'ON NYO'I 'Nang; pajp ;ua Snub' suosaad JO uosaad ag; o; 'Sue ji 'ssaaxa aq; (a) pun :aSBS;aopj sjq; Sq paanaas sums Ile o; (q) :aauappta aj ;j; jo s;soa pug saa3 ,sSauao; ;e ajgt3uoseaa 'o; pa;nuij ;ou ;nq impnjauj 'ajes aq; jo sasuadxa pun s;soa ajquuostaa jjB o; (g) :aapao Suutojjo3 aq; uj pagdde aq Hugs ales Sue jo spaaaoad au, *opts Sue ;e ,f;iado.id aq; asttgoand Attu aauSjsap mapuai JO aapuai 'aaMOazog Sq uoj;duxapaa jo s;gSU jjg jo paSangasip 'pjos os S;aadoad aq3 o; aim ajgjsga3apuj 311tSanuo3 paap mapuari aasetpmd aq; o; aaAgap jjngs aapuai •Mttj app ajjdde Aq pagjaasaid aauugui aq3 uj pjos aq jjggs S;.iadoad aq; putt aims jo aai;ou alp gsjjgnd (lugs aapuai •Mgj ajquajjddu Sq paquasap suosaad aaq ;o aq; o; putt aaMOaaog o; Mgj ajgiajjddu Sq papjnoad Jammu aq; uj ales jo aaj ;ou u 3o sajdoa jiutu jjggs aapua -I 'a'ivs 30 tlannod 1i2IO.i cuvis aq3 SS)jonul aapua7 ag; 3I •saa3 ,sSauao ;e ajgeuoseaa 'o; pa ;juijj ;ou ;nq 'Sujpnjauj gdhatttaed sjq; ui papinoad sajpatnaa aq3 Sumsand ui pa.unauj sasuadxa putt s ;sop ajgguoseaa j jB pauoa o; paj ;j ;ua aq Hugs aapuai •MBj alge30de Sq pa ;jjuaad sajpautaa aaq ;o Sue putt g'IWS 30 I &tOd A2IOL LLV,LS ag; 0ABq Hugs aapua' putt punivap aaq;an3 inoq;jM algoSed pug anp Sla;ejpaunuj aq o; ageg;aopj sjq; Sq pains stuns aq; jo Ile aattpap Sttuz 'uoj ;do s ;g 'aapua' 'aaj ;ou aq; uj paijcaads a;ep aq; aaojaq .to uo pa.ma ;ou sj gagaaq aq; 3I •ajgs pun uoi ;Baapaau o; aaMoaaog jo asuapap aaq ;o Sue ao ;jnejap B jo aaua;spcauou aq; passe o; uoj ;pB ;anoa a Sujaq o; ;Op aq; pus uoj;eaapoau Jame a ;n ;sujaa o; ;g3ja aq; jo .19Ato.Lum uzaojuj aag;an3 jjggs aaj ;ou aqy •S;.iadoad ag; jo aims putt 'aSegl ioytj situ Sq pumas sums aq; 3o uoj ;eaajaaao ui ;jnsaa SBtu aaj ;ou aq; ui paijpads pip q; aaojaq ao uo gaoaaq gans a.ma o; aanjje3 ;Bq; (p) pun :paana aq ;sum gamic( gans gajgM Sq 'aaMOaaog 0; pajtBtu si aagou aq; a ;op aq; utoaz sop i uoq; ssal ;ou 'amp B :gaeaaq gans 0a113 o; pal uoi ;ao aq; (z) :gpoaaq aq; (j) :Sup(j1ads pant; q zi gdeiSBaed ui pappto.zd se aaMo.uog o; aaj ;ou 9A1S Hugs uoj;Baaiaaao o; aoiad aapual 'aSBS;.ioj j sun Sq paanaas stuns Sue anp uagM Sed o; s ;u0uano3 aq; Sujpnpuj 'aBeS;ioix sig; uj aatoaaog jo ;uauzaaage so lutmaAO3 Aun jo gaoaaq maitonog uodn 'pant; 91 gdi iuud ui papjAOad se ;daaxg •saipatuag :uoj;Baa j333V 'LI :sMojjo3 so aaage pug 3U0U3Ao3 latunj lapua-j pup aaMonog •S,LAIVAIdA00 1111I0dINI1 •1aMOnog uo puuujap .10 aotlou latun3 1nogl1M aS0S11ow sup Aq pallttulad satpatuai Sus a3jonul Autu .1apua-j 'pouad sup jo uoi ;Batdxa at; 01 ioud sums asatp Sod o; sjie; 10MOUOg 3I •agBguojnj sup Aq pampas sums nu Sod ;sntu lamonog toitp uitlTM pagutu JO palantjap si aotlou atp atop aql wog sSup OE u0t1 ssal ;ou jo pouad o apjnoid Hells aotlou atlL •uotloaala000 jo aotlou iaMouog an(g Hugs lapuarj uojldo sup sasiolaxa Japua-j n •agoguojH sup Jo mop atp jo so tai (gmpa3 Aq pawn old si astolaxa 3t .iapua-j Aq pasioiaxa aq lou jjggs uoildo sup `1anaMog •aS0 11OJAj sit( Aq pain= stuns Hu jo Ilnj ut luaulAod a;otpatutuj aalnbat `uojldo slj io `Sour aapuai `;uasuoo uaupM loud s,iapuaj ;notp!ta (uosaad jglnlgu 0 Iou Si 10MOUGH pup panojsugl; 10 pjos sl 10M0110 ui 3sa1a1ui jojpt3auaq 0 3i 1o) pauajsUBa1 10 pjos s! 1t uj 1salalui Aug so Auad01d ag13o nod Aug 10 He 31 •aaAtoaaog xi; ;sacra ;ul l0ja1auag g .10 S;aadoad aq; 3o aaJsueas •9I •Auadoid agl 03 apetu Sluauianoldtul g3tM uolloauuoo tit saopuas so sjgualouz 'aogoj Ajddns ognl saiued ;suioSo angt Aum JaMonog goigM sasuapap a0 SUI!Ojo 's3tlgu Aug jo ;uatuugisso u0 'aapuaT o3 algoldaoou uuo3 o tit `aapuarl of lanl(ap putt a3noaxa 0; 10MO110g aainbai Aum `uoildo s,lapual ;B `lapua1 •aapual tj;UM olui slalua aamouog goigM luatuaaJ a Imoj aatj;o so `aiodaa 'luauzanoaduit `uoiloljjjgogaa mot! AuB aapun suopo2jjgo S,1aM0nog 3O Hu Iluin3 Bogs 1aMonog luatuaaav uuo' uoj ;g ;jjtgogag •Si •3oalaq uoiloplooaa 107 10 uoiln3axa 3o amp 30110 aggguoynI sjjl jo pup aloN at; jo Adoo pauuojuoo B pagstuln3 aq !legs 1aMonog •,fdo0 s,aaMOauog 'PI •ujaaaq palmiq 10 Moi ajgoojjddo Aq paljgjgoad lou 1ualxa atp of sums nu apnpui „saa3 ,sAatuol ;g„ put: „sasuadxa„ „`slsoo„ `Maim! pasn sd •alquianas aq 01 palgjoap aio aloN atp pug age2uoyi sup jo suoISIAO1d aq1 pua sup 0l pug `uoisjnoad Sujlajj;uoa at11 lnotjli■ 33333 uanjg aq !no gpnTM a10N aq1 ao ag0 310JAj sup Jo su0isinold Jatlo 13333.01ou Ijugs loIT3uoo dons 'M0( ajgootjddo tli■ sloiguop a30M a1j110 a uguoy4I sup J0 35110(3 10 uoistnold Aue lull 1uana atp uj •3 0 1JoyA( sup 01 mg! (glapad jo Alijjggotjddo at1 mu!! lou ((Otis aaualuas 2u!0 3103 3UJ •palgooj si Alaadoad at(1 t(ojg" u( uoi;oipsilnf at1 jo smut aql aq Hulls aSuSuoN sup 01 a(googdd0 sMgj (goo! pug alms at 1, •S;iljg0aaAas !mug SuivaaAop •£I •utaaaq pa10USisap aaUUOW aql ui uanjg uagM lapuarj 10 aaMOUOg of uanjg uaaq aim o1 patuaap aq (legs ag0SUoini sup ui 103 papjnold aotlou Aud ujaaaq papjnoad SE J3MOUOg 03 aotlou Aq a10uSisap A0tu lapua'l sg ssalppg 1at3o tons 01 10 ujaaag pawls ssaapp0 s,lapua•j 01 (iutu patJtuao Aq uanjg aq Hugs aapua1 01 a3(lou Auo (q) pug `utaaaq papjnold 50 lapuai 01 aopou Aq a10USisap Am! 1aMOnog s0 ssa1ppg Jaw tons 30 10 ssalppd A11ado1d alp 10 1aMOnog o; passalpp0 ji0tu pagiva0 Aq aotlou tans Suijtotu Aq 10 1! guilantjap Aq uaAIS aq Hugs a202uoj^I sit( ut 103 papjnold 13M01.10g 01 aajlou (Aug (o) `1auuouz 1at3OU0 ui uanjg aq o1 Mgj ajgootjddB lapun pallnbal a3(0u Aug 103 ldaoxg •a'(oN •zT 068 07C a ",La9SO Te 9SO USA; zs; 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.: WYOMING SECOND MORTGAGE -1/80- FNMA/FHLMC UNIFORM INSTRUMENT DOCPREP SERVICES, INC. DEEDWY2 1804 4935535 Page 5 of 6 ORIGINAL Initials 32.E 899 Form 3851 O' ?1 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.: 4935535 STATE OF WYOMING, WITNESS my hand and official seal. My Commission expires: q--/--o3 DOCPREP SERVICES, INC. DEEDWY2 1804 REQUEST FOR NOTICE OF DEFAULT AND FORECLOSURE UNDER SUPERIOR MORTGAGES OR DEEDS OF TRUST WYOMING- SECOND MORTGAGE -1/80- FNMA /FHLMC UNIFORM INSTRUMENT TREVOR c. ELS "i(.3) GriAA,L1 KRISTIE GARRELS County ss: Page 6 of 6 ORIGINAL 322 The foregoing instrument was acknowledged before me this 0 7`& [date] by TREVOR GARRELS AND KRISTIE GARRELS [person acknowledging] [Space Below This Line Reserved For Lender and Recorder] 900 Borrower Borrower Borrower Borrower Form 3851