The URL can be used to link to this page

Home My WebLink About888051 WHENRECORDE MAIL TO: :i:COUNTRYWIDE HOME LOANS INC ~.'~... MSNSV-79/DOCUMENTCONTROLDEPT· ;"::&"' P.O. BOX 10266 ;::.:<h::..' VAN NUYS, CALIFORNIA 91410~O266 i?'Doc ID #: 0002145124858078 ;:'.::];:i~SCRO'W/CLOSIN& #: FA 9212 M 888O51 ?ili.GAYNELL M MUN, DS, 'CHRISTOPHER '~'" ' .HUSBAND AND WIFE i':i',?i-esiding at ' ".?]:!':'608 ALFORD WAY, THAYNE, WY 83127 BOOK5~-3 PRPAGE 5~ 7 RECEIVED LINO(..3LI,,~ COt ~?TY. CLERK :::,~:: BORROWER'S IMPORTANT OBLIGATIONS: '::.e I-IELOC - WY Modgage ~:'2062OlW¥ Page 1 of 3 .i'~i:i the person or persons signing as "Mortgagor(s)" below anti hereinafter referred to as "we" or "us" and ?;:i':COUN1-RYWIDE HOME LOANS, INC. /?with an address at ': ' · .:i-?S00 Park 6ranada, Calabasas, CA 91302-1613 ,. · i ";':~d hereinafter referred to as "you" or the "Mortgagee." .'.' ':i'(;i 'i MORTGAGED PREMIsEs' In consideration of the loan hereinafter described, we hereby mortgage, grant and convey to you ':';iiii~:the premises located at: ?!~iG08 ALF0~D WAY '''~ :';;:'.!,TH A Y N E ' 'L I N C 0 L N W Y 83127 (the "Premises"). '?;;:Municipality County State ZIP 'fi!!;:;'and further described as: .'(](LOTS 7 OF THE LOST CREEK RANCHETTES SUBDIVISION AS SHOWN BY THE OFFICIAL :i::.'PLAT THEREOF FILED APRIL 5, 1972 AS FILING NO. 437793 IN THE OFFICE OF '~i!~]~HE C'L.E'RK OF.LINCOLN COUNTY WYOMING· ::?;i!i:))The Premises inch, des all buiMings and other improvements now or in the future on the Premises and all rights and interests which :,:?derive from our ownership, use or possession of the Premises and all appurtenances thereto. · ,:.;"LOAN The Mortgage will secure your loan in the principal amount of $ 25,000.00 or so much thereof as may be 'i:i!:::"advanced and readvanced from time to time tO GAYNELL M MUNDS i:~;;:i-'; ': , the Borrower(s) under the Home Equity Credit Line Agreement. :':!!,)and DisclOsure Statement (the. "Note")dated 02/21 /2003 , plUs interest and costs, late charges ~d all other !iiil'i{harges related to the loan; all of which sums are repayable according to ihe Note. This Mortgage will also secure the Performance iii'.::::,gf all of the promises and agreements made by us and each Borrower and Co-Signer in the Note, all of our prb:mises, and ~;7:agreements in this Mortgage, any extensions, renewals, amendments, supplements and other modifications of the Note, and any ?:'amounts advanced by you under the terms of the section Of this Mortgage entitled "Our Authority To You." Loans under the Note ?:'may be made, repaid and remade from time to time in accordance with the terms of the Note and subject to the Credi( Limit set i:.:.forth in the Note. "i'.'! OWNERSHIP: We are the sole owner(s) of the Premises. ~Ve have the legal right to mortgage the Premises to you. ., MORTGAGE (Line of Credit) THIS MORTGAGE, dated February 21 ,2003, is between H.P. MUNDS PARCEL ID ¢~: 34180810100 Prepared by: M. SALAS SPACE ABOVE FOR RECORDERS USE DOc ID It 0002145124858078 (a) TAXES: We will pay ail real estate taxes, assessments, water charges and sewer rents relating to the Premises when they 'become due. We will not claim any credit on, or make deduction from, the loan under the Note because we pay these taxes and .'icharges Vie will provide you with proof of payment upon request. (b) MAINTENANCE: We will maintain the buildinG(s) on the Premises in good condition. We will not make major changes :::~ in the building(s) except for norma~l repairs. We will not tear down any of the building(s) on thc Premises without first getting your consent. We 'will not use the Premises illegally. If this Mortgage is on a unit in a condominium or a planned unit development, we :.:..shall perform all of our 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. ~.... ~. (c) INSURANCE: We will keep the buildiug(s) on the Premises insured at all times against loss by fire, flood and any other .':i :haZards you may specify. We may choose the insurance company, but our choice is subject to your reasonable apProval. The : policies must be for at least the amounts and the time periods that you specify. We will deliver to you upon your request the ..~: policies or other proof of the insurance. The policies must name you as "mortgagee" and "loss-payee" so that you Will receive ~:: pay~nent on all insurance claims, to time extent of your interest under this Mortgage, before we do. The insurance policies must also Provide that you be given not less than 10 days prior written notice of any cancellation or reduction in coverage, for.any reason. ' Upon request, we shall deliver the policies, certificates or other evidence of insurance to you. In the event of loss or damage to the · :': Premises, we 'will immediately notify you in writing and file a proof of loss with the insurer. You may file a proof of loss on our behalf if we fail or refuse to do so. You may also sign our name to any check, draft or other order for the payment of insurance proceeds in the event of loss or damage to the Premises. If you receive payment of a claim, you will have the right to choose to use the money either to repair the Premises or to reduce the anaount owing on the Note. (d) CONDE~VflXIATION: We assign to you the proceeds of any award or claim for damages, director consequential, in connection with any condemnation or other taki~g of the Premises, or part thereof, or for conveyance in lieu of condemnation, all of which, shall be paid to you, subject to the terms of any Prior Mortgage. (e) SECURITY INTEREST: We will join with you in signing and filing documents and, at our expense, in doing whatever :you believe is necessary .to perfect and continue the. perfection of .your lien and security interest in the Premises. · - (f) OUR ALrI'HORITY TO YOU: Ir we fail to perfi)rm our obligations under this Mortgage, you may, if yOu choose, ~erform our obligations and pay such costs and expenses. You will add the amounts you advance to the sums owing on the Note, . on'which you will charge interest at the interest rate set forth in the Note. If, for example, we fail to honor our promises to maintain "insurance in effect, or to pay filing fees, taxes or the costs necessary to keep the Premises in good condition and repair or to L: perform any of our other agreements with you, you may, if you choose, advance any sums. to satisfy any of our agreements with -; you and charge us interest on such advances at the interest rate set forth in the Note. This Mortgage secures all such advances. Your -i! payments on our behalf will not cure our failure to perform our promises in this Mortgage. Any replacement insurance that you obtain to cover loss or damages to the Premises may be limited to the amount owing on the Note plus the amount of any Prior .?~ Mortgages. (g) pRIoR MORTGAGE: If the provisions of this paragraph are completed, this Mortgage is subject and subordinate to a i;~i' Prior mortgage dated / / and giwt. n by us to ::~:~'i P R I N R E S Iq T G as mortgagee, in the original mnount of $ 150,000.00 (the. "Prior Mortgage"). We shall not increase, amend or :.-'modify the Prior Mortgage without your prior written consent and shall upon receipt of any. written notice from the holder of the :JPrior Mortgage promptly deliver a copy of such notice to you. We shall pay and perform all of our obligations under the Prior 'i:.. Mortgage as and when required under the Prior iVlortgage. (h) HAZARDOUS SUBSTANCES: We shall not cause or permit the presence, use, disposal, storage, or release of any ' Hazardous Substances on or in the Premises. We shall not do, nor allow anyone else to do, anything affecting the Premises that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the ' '. Premises of sm~dl quantifies of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and · to maintenance of the Premises. As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or . hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum . products, toxic pesticides and herbicides, voladle solvents, materials containing asbestos or formaldehyde, and radioactive : materials. As used in this paragraph, "Environmental Law" means federal laws ,and laws of the jurisdiction where the Premises are .:: located that relate to health, Safety or environmental protection. (il) SALE OF PREMISES: We will not sell, transfer ownership of, mortgage or otherwise dispose of our interest in the Premises, in whole or in part, or permit any other' lien or claim against the Premises without your prior written consent. (j) INSPECTION: We will permit you to inspect the Premises at any reasonable time. NO LOSS OF RIGHTS: The Note and this Mortgage may be negotiated or assigned by you without releasing us or the Premises. You may add or release any person or property obligat~r~ under the Note and this Nlortgage without losing your rights in the Premises. ' DEFAULT: Except as may be prohibited by applicable !aw, and subject to any advance notice and cure period if required by aPplicable law, if any event or condition described in Paragraph 12.A. of the Note occurs, you may foreclose upon this Mortgage. This means that you may arrange for the Premises to be sold by advertisement and sale or by judicial foreclosure, at your Option, as .:.: Provided by law, in order to pay off what we owe on the Note and under this Mortgage. If the money you receive from the sale :' ~,HELOC-WYMortgage ~C6202WY (03/01) Page 2 of 3 599 DOC ID ~ 0002145124858078 'ii:i'.is not enough to pay off what we owe you, we will still owe you the difference which you may seek to collect from us in 'accordance with applicable law. In addition, you may, in accordance with applicable law, (i) enter on and take possession of the · Premises; (ii) collect the rental payments, including over-due renlal payments, directly from tenants after simply notifying them first :class mail to make rental payments to you; (iii) manage the Premises; arid (iv) sign, cancel and change leases. We agree that the interest ]'ate set forth in the Note will continue before and ~ffter a default, entry of a judgment and foreclosure. In addition, you shall '. :'be entitled to collect 'all reasonable fees ,and cost,'; actually incurred by you in proceeding to foreclosure, including, but not limited to, reason3blc attorneys fees and costs of documentary evidence, abstracts and title reports. ASSIGNMENT OF RENTS; APPOINTivI~NT OF RECEIVER: As additional security, we assign to you the rents of the Premises. : You or a receiver appointed by ~e courts shall be entitled to enter upon, take possession of and manage the Premises and collect ~the rents of the Premises including those past due after si~nply notifying them by first class mail to make rental payments to you. : WAIVERS: To the extent permitted by applicable law, we waive and release any error or defects in proceedings to enforce this Mortgage and hereby waive the benefit of any present or future laws providing for stay of execution, extension of time, exemption from attachment, levy' and sale and homestead exemption. BINDING EFFECT:' Each of us shall bc fully responsible for all of the promises and agreements in this Mortgage. Until the Note .has been paid in full and your obligation to make further advances under the Note has been terminated, the provisions of this Mortgage will be binding on as, our legal representatives, our heirs and all future owners of the Premises. This Mortgage is for '~ ·your benefit and for the benefit0f anyone to whmn you ~nay assign it. Upon payment in full of all amounts owing to you under the Note artd this Mortgage, and provided any obligation to make fm ther advances under the Note has terminated, this Mortgage and your rights in the Premises shall end. NOTICE: Except for any notice required under applicable law to be given in another manner, (a) any notice to us provided for in this Mortgage shall be given by delivering it or by mailing such notice by regular first class mail addressed to us at the last address appearing in your records or at such other address as xve may designate by notice to you as provided herein, and (b) any notice to · you shall be given by certified mail, return receipt requested, to your address at ;':COUNTRYWIDE HOME LOANS, INC. ~·4500 Park Granada, Calabasas, CA 91302-1613 ,::or to such olJ~cr address as you. may designate by notice to us. Any notice provided for in this Mortgage shall be deemed to have · been given to us or you when given ~n the manner designated herein. RELEASE: Upon payment of 'all sums secured by this Mortgage and provided your obligation to make further advances under the .N°te has terminated, you shall discharge this Mortgage without charge to us, except that we shall pay any fees for recording of a Satisfaction of this Mortgage. · i GENERAL: You can waive or delay enforcing any of your rights under this Mortgage without losing them. Any waiver by you of . 'any provisions of this Mortgage will not be a waiver of fl`tat or any other provision on any other occasion. THIS MORTGAGE has been signed by each of us under seal on the date first above written. WITNESS: Mortgagor: CHRISTOPHER H.P,MUNDS (SEAL) (SEAL) : i STATE OF WYOMING, Mortgagor: Mortgagor: LINCOLN County ss: (SEAL) (SEAL) ' The foregoing instrument was acknowledged'before me this 21st day of February 2003 (date) bY_Gaynell M. Munds and Christopher H.P. Munds ii ': My Conunission Expires: · · NELOC - WY Mo:tgage 12C6203WY (03/01) · ~ .: (person acknowledging) November 4, 20_06 SL~CO~N ~ ,~