HomeMy WebLinkAbout9058300040
Recordingrequestedby:
Wells Fargo Bank N.h.
Wells Fargo Equity Direct
526 Chapel Hills Drive
Colorado Springs, CO 80920
When recorded return to:
Wells Fargo Bank N.A.
Wells Fargo Services
Consumer Loan Servicing
P.O. Box 31557
Billings, MT 59107
State of Wyoming
RECEIVED 1/12/2005 at 11:12 AM
RECEIVING # 905830
BOOK: 577 PAGE: 40
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
~,p;.,t, .s.I.,vc tiffs Line For Recording Date
MORTGA(; E 1'7~ ----~/l~ C~ 65064847271998
(With Future Advance ('hmsc)
DATE AND PARTES. The date of this I)ccd of Trust ("~curiff Instrument") is
14 Dec~er 2004 ~d the p=ties, thci] addresses ~d tax identification numbers,
if required, ~e as follows:
MORTGAGOR:
MARK RWELSH, AND JULIE D WELSH,
ENTIRETY
WOSBAND AND WIFE AS TENANTS BY THE
If checked, refer to the attached Addendum incorl,,,t :~tcd herein, for additional Mortgagors their
signatures and acknowledgments.
LENDER: Wells Fargo Bank N.A. 420 Montgomery Street
San Francisco, CA 94104
CONVEYANCE. For good and valuable considerati,,~, thc receipt and sufficiency of which is
acknowledged, and to secure the Secured Debt (defined I,dmv) and Mortgagor's performance under
this Security Instrument, Mortgagor grants, bargains: c,,,lvcys, mortgages and warrants to Lender,
with power of sale, the following described property:
See attached Exhibit A
Tax ID 21162310708300
The property is located in Lincoln at 909 GARNET ST
(County) (Address)
KF~RER , Wyoming 83101-3423
(City) ~/iI) Code)
WYOMING - MASTER FORM MORTGAGE ~ge ~ ot ~
LEWY'~ (o.,o~) v,~,. ~o~.~. ~o,u,,o.. (~,oo:,~,~, ,,~,~ 20043437200536
,0905S30
Together with all rights, easements, appurtenances, l't,\ ~tltics: mineral rights, oil and gas rights, all
water and riparian rights, ditches, and water sto& :tim all existing and future improvements,
structures, fixtures, and replacements that may noxv ,,]- :~t any time in the future be part of the real
estate described above (all referred to as "Property").
3. MAXIMUM OBLIGATION LIMIT. The total princil},} ~miount secured by this Security Instrument
at any one time shall not exceed $ 25 t 000.00 . This limitation of amount does not
include interest and other fees and charges validly m~tJc i~m'suant to this Security Instrument. Also,
this limitation does not apply to advances made under tl~c terms of this Security Instrument to protect
Lender's security and to perform any of the covenants c,,t~lained in this Security Instrument.
4. SECURED DEBT AND FUTURE ADVANCES. Thc tc~ m "Secured Debt" is defined as follows:
A. Debt incurred under the terms of the promi~,,,x note, revolving line of credit, contract,
guaranty or other evidence of debt dated 12/14 [ 2 0 0 4,gcther with all amendments, extensions,
modifications or renewals. The maturity date or' tl~..';ccm-cd Debt is 12/14/2044
B. All future advances from Lender to Mortgagor trader st~ch evidence 'of debt. All future advances
are secured as if made on the date of this 5~.~t~-it}' Instrument. Nothing in this Security
Agreement shah constitute a commitment to make ~klditio,]al or future loans or advances which
exceed the amount shown in Section 3. Any such c,,mmitment must be agreed to in a separate
writing.
C. All sums advanced and expenses incurred by I ~'~dcr for insuring, preserving or otherwise
protecting the Property and its value and an), t,tM:t stuns advanced and expenses incurred by
Lender under the terms of this Security Instrumcm
5. PAYMENTS. Mortgagor agrees that all payments undc~ Iht Secured Debt will be paid when due and
in accordance with the terms of the Secured Debt and thi-~ >;cctu'ity Instrument.
6. PRIOR SECURITY INTERESTS. With regard to a~}x t~ther mortgage, deed of trust, security
agreement or other lien document that created a pri,,~ security interest or encumbrance on the
Property, Mortgagor agrees:
A. To make all payments when due and to perform ~,~' c,,mplv with all covenants.
B. To promptly deliver to Lender any notices that hl,)~mwor receives from the holder.
C. Not to allow any modification or extension of, t,,~ t,, request any future advances under any
note or agreement secured by the lien document u ~it~ttt [~ender's prior written consent.
7. CLAIMS AGAINST TITLE. Mortgagor will pay all ~,xc~: assessments, liens, encumbrances, lease
payments, ground rents, utilities, and other charges rcl,~it~ ti) the Property when due. Lender may
require Mortgagor to provide to Lender copies of all m,li,.~.s that such amounts are due and the receipts
evidencing Mortgagor's payment. Mortgagor will de/'~,l title to the Property against any claims that
would impair the lien of the Security Instrument· Mort~L,._,t,r a~rees to assign to Lender, as requested
by Lender, any rights, claims or defenses Mortgagor m:n have against parties who supply labor or
materials to maintain or improve the Property.
8. DUE ON SALE OR ENCUMBRANCE. Upon s,~h., transl'¢r, hypothecation, assignment or
encumbrance, whether voluntary, involuntary, or by ,,i,cnttion of law, of all or any part of the
Property or any interest therein, then at its sole option: I ctidcr may, by written notice to Mortgagor,
declare all obligations secured hereby immediately duc mtd payable, except to the extent that such
acceleration for and in such particular circumstances u hcrc exercise of such a right by Lender is
prohibited by law.
9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the
Property in good condition and make all repairs that ~,-~. reasonably necessary. Mortgagor shall not
commit or allow any waste, impairment, or deteriorat~,,~ ,~1' thc Property. Mortgagor will keep the
Property free of noxious weeds and grasses. Mortgagor ;~g~'ccs that the nature of the occupancy and use
will not substantially change without Lender's prior xvntlcn cousent. Mortgagor will not permit any
change in any license, restrictive covenant or easemc~t without Lender's prior written consent.
WYOMING - MASTER FORM MORTGAGE
LEWY2 (o,~o~)
Page 2 of 8
20043437200536
.0 42
Mortgagor will notify Lender of all demands, proceedm~ c z inas and actions against Mortgagor, and
of any loss or damage to the Property. Lender or Len&'r's agents may, at Lender's option, enter the
Property at any reasonable time for the purpose o1' ~sl)ccting the Property. Lender shall give
Mortgagor notice at the time of or before an inspccl~,,n ~pccil);ing a reasonable purpose for the
inspection. Any inspection of the Property shall be entire. Ix l'or l.cnder's benefit and Mortgagor will in
no way rely on Lender's inspection.
10. AUTHORITY TO PERFORM. If Mortgagor fails t,, i,crfi)rm any duty or any of the covenants
contained in this Security Instrument, Lender may, xx~lh~mt notice, perform or cause them to be
performed. Mortgagor appoints Lender as attorney i~ Ihct to sign Mortgagor's name or pay any
amount necessary for performance. Lender's right it, i,crlbrm for Mortgagor shall not create an
obligation to perform, and Lender's failure to perform xx ill m~t preclude Lender from exercising any of
Lender's other rights under the law or this Security In~l~ ~cnt. If any construction on the Property is
discontinued or not carried on in a reasonable manner, I ~.~dcr may take all steps necessary to protect
Lender's security interest in the Property, including coml~l~.tion of the construction.
11. ASSIGNMENT OF LEASES AND RENTS. Mort.~t~,r irrevocably grants, bargains, conveys,
mortgages and warrants to Lender as additional securit? z~ll thc right, title and to any and all existing
or future leases, subleases, and any other written or vc~b~l ~reements for the use and occupancy of
any portion of the Property, including any extensions, rc~.xx ~ls~ modifications or substitutions of such
agreements (all referred to as "Leases") and rents, is~t~:s and profits (all referred to as "Rents~).
Mortgagor will promptly provide Lender with true and c,>~·cct copies of all existing and future Leases.
Mortgagor may collect, receive, enjoy and use the Rent~ s,, hmg as Mortgagor is not in default under
the terms of this Security Instrument· Mortgagor agree, tl~z~t this assignment is immediately effective
between the parties to this Security Instrument. Mortga[~, ,r ~,~grces that this assignment is effective as to
third parties when Lender takes affirmative action pre~'~l,cd by law, and that this assignment will
remain in effect during any redemption period until thc Ncctffcd Debt is satisfied. Mortgagor agrees
that Lender may take actual possession of the propert) xx~lhtmt the necessity of commencing legal
action and that actual possession is deemed to occur whc~ l.ctidcr, or its agent, notifies Mortgagor of
default and demands that any tenant pay all future Rem~ ,lircctly to Lender. On receiving notice of
default, Mortgagor will endorse and deliver to Len&.~ any payment of Rents in Mortgagor's
possession and will receive any Rents in trust for Lender' :~t~d (viii not commingle the Rents with any
other funds. Any amounts collected will be applied as pn,x idcd in this Security Instrument. Mortgagor
warrants that no default exists under the Leases or any al~I)ticzdqc landlord/tenant law. Mortgagor also
agrees to maintain and require any tenant to comply with thc terms of the Leases and applicable law.
12. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT I)EVELOPMENTS. Mortgagor agrees to
comply with the provisions of any lease if this Security h~lrmncnt is on a leasehold. If the property is
a unit in a Condominium Project or is part of a Plam~.,l t lnit Development ("PUD"), Mortgagor
agrees to the following:
A. Obligations. Mortgagor shall perform all of M,~r~?~or's obligations under the Constituent
Documents. The "Constituent Documents" are the: t~·~ l~cclai'ation or any other document which
creates the Condominium Projects or PUD and am I~, ~mcowners association or equivalent entity
("Owners Association"); (ii) by-laws; (iii) cod~ ,,l' rcgulations; and (iv) other equivalent
documents. Mortgagor shall promptly pay, whc,~ ,h~c, all dues and assessments imposed
pursuant to the Constituent Documents.
B. Hazard Insurance. So long as the Owners Assoc~t~,,n maintains, with a generally accepted
insurance carrier, a "master" or "blanket" policy o~ tlic C'ondominium Project or PUD which is
satisfactory to Lender and which provides insurance ~',wcrage in the amounts, for the periods,
and against the hazards Lender requires, includin? fire and hazards included within the term
"extended coverage," then Mortgagor's obligati,m tmdcr Section 19 to maintain hazard
insurance coverage on the Property is deemed satisfied t,, thc extent that the required coverage is
WYOMING - MASTER FORM MORTGAGE
LEtNY3 (0403)
Page 3 of 8
20043437200536
- 0043
13.
14.
provided by the Owner's Association policy. M,.rl~.tg,)r shall give Lender prompt notice of any
lapse in required hazard insurance coverage. In Ih.. event of a distribution of hazard insurance
proceeds in lieu of restoration or repair followi,g , l~ss to Property. whether to the unit or to
common elements, any proceeds payable to Mortg,g,~r are hereby assigned and shall be paid to
Lender for application to the sums secured by thi~ >,cern'ltv Instrument. with any excess paid to
Mortgagor. '
C. Flood In.~uranee. Mortgagor agrees to maintain fl ..... t insurance for the life of the Secured Debt
which is acceptable, as to form. amount and extent ,~I' coverage to Lender.
D. Public Liability Insurance. Mortgagor shall tak~. ~.ch actions as may be reasonable to insure
that the Owners Association maintains a public li,hility insurance policy acceptable in form,
amount, and extent of coverage to Lender.
E. Condemnation. The proceeds of any award o~ d,im for damages, direct or consequential,
payable to Mortgagor in connection with any co,dc~mation or other taking of all or any part of
the Property, whether of the unit or of the comn,,~ clements, or for any conveyance in lieu of
condemnation, are hereby assigned and shall be t.tid t~ I.¢nder. Such proceeds shall be applied
by Lender to the sums secured by the Security Inst~ .mcnt as provided in Section 18.
F. Lender'~ Prior Con~ent. Mortgagor shall not. ¢~,ccl,t .Ftcr notice to Lender and with Lender's
prior written consent, either partition or subdixidc the Property or consent to: (i) the
abandonment or termination of the Condominium t'r,,jcct or PUD, except for abandonment or
termination required by law in the case of substam~,t destruction by fire or other casualty or in
the case of a taking by condemnation or eminent d,,~.fin; (ii) any amendment to any provision
of the Constituent Documents if the provision ~:~ t'~,r the express benefit of Lender; (iii)
termination of professional management and a~t,~q~t.m of self-management by the Owners
Association; or (iv) any action which would hax~. ~hc effect of rendering the public liability
insurance coverage maintained by the Owners Ass,,c.i.lion unacceptable to Lender.
G. Remedie~. If Mortgagor does not pay condomini,m or PUD dues and assessments when due.
then Lender may pay them. Any amounts disbursed by I.ender under this section shall become
additional debt of Mortgagor secured by this Secm i tx l'nstrument. Unless Mortgagor and Lender
agree to other terms of payment, these amounts sh,ll I,car interest from the date of disbursement
at the Secured Debt rate and shall be payable, x~ith interest, upon notice from Lender to
Mortgagor requesting payment.
DEFAULT. Mortgagor will be in default if any party ~[4i~alcd on the Secured Debt fails to make
payment when due. Mortgagor will be in default if a l.c.ch occurs under the terms of this Security
Instrument or any other document executed for the pur?~,~;c ~,t' creating, securing or guarantying the
Secured Debt. A good faith belief by Lender that Lender .t .nv time is insecure with respect to any
person or entity obligated on the Secured Debt or that thc l.-~}sp~ct of any payment or the value of the
Property is impaired shall also constitute an event of def..it
REMEDIES ON DEFAULT. In some instances, feder. I .~.1 state law will require Lender to provide
Mortgagor with notice of the right to cure or other .,,t~ccs ztnd may establish time schedules for
foreclosure actions. Subject to these limitations, if any: I ct.let may accelerate the Secured Debt and
foreclose this Security Instrument in a manner providc,t t,v law if Mortgagor is in default. At the
option of Lender. all or any part of the agreed fees and ct..'~cs, accrued interest and principal shall
become immediately due and payable, after giving notice ~1 rcqmred by law. upon the occurrence of a
default or anytime thereafter. In addition, Lender shall bc c~mtlcd to all the remedies provided by law.
the terms of the Secured Debt. this Security Instrument ...1 .nv related documents, including without
limitation, the power to sell the Property. All remedies .~ c dist'inct, cumulative and not exclusive, and
the Lender is entitled to all remedies provided at law or cqt~.y, whether or not expressly set forth. The
acceptance by Lender of any sum in payment or partial p~tx t.cnt on the Secured Debt after the balance
is due or is accelerated or after foreclosure proceedings ~i~-c I'ilcd shall not constitute a waiver of or
WYOMING - MASTER FORM MORTGAGE
LEWY4 (o~o~)
Page 4 ot 8
20043437200536
' - 0044
Lender's right to require complete cure of any existing dcl'ault. By not exercising any remedy on
Mortgagor's default, Lender does not waive Lender's 1'i[2111 lo later consider the event a default if it
continues or happens again.
15. EXPENSES; ADVANCES ON COVENANTS; ATT()RNEYS' FEES; COLLECTION COSTS.
Except when prohibited by law, Mortgagor agrees to l,,V all of Lender's expenses if Mortgagor
breaches any covenant in this Security Instrument. Mo~i??r will also pay on demand any amount
incurred by Lender for insuring, inspecting, preservi.g ~,~ otherwise protecting the Property and
Lender' s security interest. These expenses will bear intcrcq flora the date of the payment until paid in
full at the highest interest rate in effect as provided in tl~c terms of the Secured Debt. Mortgagor
agrees to pay all costs and expenses incurred by Lender i, ,., ~1 looting, enforcing or protecting Lenders'
rights and remedies under this Security Instrument. Thi~ :~,,tmt may include, but is not limited to,
attorneys' fees, court costs, and other legal expenses. Thi~ atl.)unt does not include attorneys' fees for
a salaried employee of the Lender. This Security Instr.~c,t shall remain in effect until released.
Mortgagor agrees to pay for any recordation costs of such iclcas,2.
16. ENVIRONMENTAL LAWS AND HAZARDOUS Still.STANCES. As used in this section, (1)
Environmental Law means, without limitation, the (',,mprchensive Environmental Response.
Compensation and Liability Act (CERCLA, 42 U.S.C. !)~1 ct seq.), and all other federal, state and
local laws, regulations, ordinances, court orders, attor~cx [2cneral opinions or interpretive letters
concerning the public health, safety, welfare, enviro~.t~cnt or a hazardous substance; and (2)
Hazardous Substance means any toxic, radioactive t,t' h,/ardous material, waste, pollutant or
contaminant which has characteristics which render the ~ttt,~tancc dangerous or potentially dangerous
to the public health, safety, welfare or environment, linc term includes, without limitation, any
substances defined as "hazardous material." "toxic sub~l~,~ccs," "hazardous waste." or "hazardous
substance" under any Environmental Law.
Mortgagor represents, warrants and agrees that:
A. Except as previously disclosed and acknowledged i~ xx~.ing to Lender, no Hazardous Substance
is or will be located, stored or released on or in thc ['i',,l)crty. This restriction does not apply to
small quantities of Hazardous Substances that are ~c~lc~all3 recognized to be appropriate for the
normal use and maintenance of the Property.
B. Except as previously disclosed and acknowledged m xxx'iting to Lender, Mortgagor and every
tenant have been, are. and shall remain in full c~l~ti,ncc with any applicable Environmental
t aw.
C. Mortgagor shall immediately notify Lender if a rck.:~sc or threatened release of a Hazardous
Substance occurs on, under or about the Property ~.t th~:rc is a violation of any Environmental
Law concerning the Property. In such an event, M,,~tt~agor shall take all necessary remedial
action in accordance with any Environmental Law.
D. Mortgagor shall immediately notify Lender in x~'~t~.~ tls soon as Mortgagor has reason to
believe there is any pending or threatened investi?t.m~ claim, or proceeding relating to the
release or threatened release of any Hazardous Sub~i~,~cc t~r the violation of any Environmental
Law.
17. CONDEMNATION. Mortgagor will give Lender promp~ ~,,tice of any pending or threatened action,
by private or public entities to purchase or take any or ~sll ~,1' the Property through condemnation,
eminent domain, or any other means. Mortgagor anthori/cs Icndcr to intervene in Mortgagor's name
in any of the above described actions or claims. Mortg~t~,,~- assigns to Lender the proceeds of any
award or claim for damages connected with a condemnat..~ ,~- other taking of all or any part of the
Property. Such proceeds shall be considered payments and ,,x ill bc applied as provided in this Security
Instrument. This assignment of proceeds is subject to thc tc~ ~.s of any prior mortgage, deed of trust,
WYOMING - MASTER FORM MORTGAGE
LEWY5 (0403)
F~ge 5 of 8
20043437200536
.0945
18. INSURANCE. Mortgagor shall keep Property insured ~FaillSt loss by fire, flood, theft and other
hazards and risks reasonably associated with the Propertx ,h~c t~ its type and location. This insurance
shall be maintained in the amounts and for the period~ Ihat 1.cnder requires, The insurance carrier
providing the insurance shall be chosen by Mortgagor Sublcct to) Lender's approval, which shall not be
unreasonably withheld. If Mortgagor fails to maintain ~h~. c~,vcrage described above. Lender may. at
Lender's option, obtain coverage to protect Lender's ri[~l,~ in ~hc Property according to the terms of
this Security Instrument. All insurance policies and rencxx ~ls shall be acceptable to Lender and shall
immediately notify Lender of cancellation or termination , ,1' thc insurance. Lender shall have the right
to hold the policies and renewals. If Lender requires, M,~ tga[2or shall immediately give to Lender all
receipts of paid premiums and renewal notices. Upon l,,~s. Mortgagor shall give immediate notice to
the insurance carrier and Lender. Lender may make i,~c~l' of loss if not made immediately by
Mortgagor. Unless otherwise agreed in writing, all ~s~,',l~Ce proceeds shall be applied to the
restoration or repair of the Property or to the Secured I)d,t, whether or not then due, at Lender's
option. Any application of proceeds to principal shall ~,,~ extend or postpone the due date of the
scheduled payment nor change the amount of any paymc~tt .&nv excess will be paid to the Mortgagor.
If the Property is acquired by Lender, Mortgagor's ri~2ht tt) any insurance policies and proceeds
resulting from damage to the Property before the acquis~ti,,~ shall pass to Lender to the extent of the
Secured Debt immediately before the acquisition.
19. ESCROW FOR TAXES AND INSURANCE. Unless ,,thcrwise provided in a separate agreement,
Mortgagor will not be required to pay to Lender funds I',~ t~×cs and insurance in escrow.
20. FINANCIAL REPORTS AND ADDITIONAL DOCUM[NTS. 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 addition,I d,,cuments or certifications that Lender may
consider necessary to perfect, continue, and preserve [I,,~ t~agor's obligations under this Security
Instrument and Lender's lien status on the Property.
21. JOINT AND INDIVIDUAL LIABILITY; CO-SICNI~RS; SUCCESSORS AND ASSIGNS
BOUND. All duties under this Security Instrument arc .l~,~m and individual. If Mortgagor signs this
Security Instrument but does not sign an evidence of dcl~t. Mortgagor does So only to mortgage
Mortgagor's interest in the Property to secure payment ,,I' thc Secured Debt and Mortgagor does not
agree to be personally liable on the Secured Debt. If thi~ Security Instrument secures a guaranty
between Lender and Mortgagor, Mortgagor agrees to xx ~tixc any rights that may prevent Lender from
bringing any action or claim against Mortgagor or anx i~:~rty indebted under the obligation. These
rights may include, but are not limited to, any anti-del'~c~.nc? or one-action laws. Mortgagor agrees
that Lender and any party to this Security Instrument m,x c×tcnd, modify or make any change in the
terms of this Security Instrument or any evidence of debt /x ith~ut Mortgagor's consent. Such a change
will not release Mortgagor from the terms of this Securitx I~strumeut. The duties and benefits of this
Security Instrument shall bind and benefit the successor~ ,~J ,ssigns of Mortgagor and Lender.
22. APPLICABLE LAW; SEVERABILITY; INTERPilFTATION. This Security Instrument is
governed by the laws of the jurisdiction in which thc t~r{~p~rty is located, except to the extent
otherwise required by the laws of the jurisdiction uh,'~c thc Property is located. This Security
Instrument is complete and fully integrated. This Secnritx l~strument may not be amended or modified
by oral agreement. Any section in this Security Instrumcm, ,uachments, or any agreement related to
the Secured Debt that conflicts with applicable law will n, ~t bc effective, unless that law expressly or
impliedly permits the variations by written agreement. 11' an_~ section of this Security Instrument
cannot be enforced according to its terms, that secti,,~ will be severed and will not affect the
enforceability of the remainder of this Security Instrumc~l \Vhenever used, the singular shall include
the plural and the plural the singular. The captions a~,l he,dings of the sections of this Security
Instrument are for convenience only and are not to bc t~s~,,l t~ interpret or define the terms of this
Security Instrument. Time is of the essence in this Security lnstrmnent. In the event any section of this
WYOMING - MASTER FORM MORTGAGE
LEWY6 (040~)
Page 6 of 8
20043437200536
0046
Security Instrument directly conflicts with any section of Ibc rcvolvin~g line of credit agreement or
promissory note referenced in Section 4, the terms and c,,~ditions oithe revolving line of credit
agreement or prom!ssory note (as applicable), the arbitrati,~ ,~rcement and the agreement to provide
agreement or promissory note (as applicable), the arbitrati,.~, agreement and the agreement to provide
flood/property insurance, all of which I agree to by signi.[_ tliis Security Instrument, the terms and
condiUons of said documents and not the Security Instru~cm ~hall control,
23. NOTICE. Unless otherwise required by law, any notice ~[l;tll be given by delivering it or by mailing
it by first class mail to the appropriate party's address t.~ l~<~c 1 of this Security Instrument, or as
shown in Lender' s records, or to any other address design,ted tn writing
24. WAIVERS. Except to the extent prohibited by law, >,l~,~tgagor waives and right regarding the
marshalling of liens and assets, and hereby releasing and xx ~x'ing all rights under and by wrtue of the
homestead exemption laws of this state.
25. OTItER TERMS. If checked, the following are applicable t,, Ibis Security Instrument:
~ Line of Credit. The Secured Debt includes a r~'x,,Ix'ing line of credit provision. Although
the Secured Debt may be reduced to a zero bah~c~ this Security Instrument will remain in
effect until released.
[~ Construction Loan. This Security Instrumcm secures an obligation incurred for the
construction of an improvement on the Propert)
[~] Fixture Filing. Mortgagor grants to Lender a scct~rity interest in all goods that Mortgagor
owns now or in the future and that are or will I,cc,m~e fixtures related to the Property. This
Security Instrument suffices as a financing stateroom and any carbon, photographic or other
reproduction may be filed of record for purposes ~1' Article 9 of the Uniform Commercial
Code.
~ Additional Terms.
SIGNATURES: By signing below, Mortgagor agrees to the Ictuses t~nd covenants contained in this Security
Instrument and in any attachments. Mortgagor also acknoxx l~.d~cs receipt of a copy of this Security
Instrument on the date stated on page 1.
Mortgagor Date Mort~,~ [:,~ Date
MARK a WELSH JUtTED WELSH
Mortgagor Date Mortgat.~,,~ Date
Mortgagor Date Morlg;t~,,~ Date
Mortgagor Date Mortg ,..,, Date
WYOMING - MASTER FORM MORTGAGE
LEWY7 (040~)
Page 7 of B
20043437200536
ACKNOWLEDGMENT:
(Individual)
STATE OF ~
COUNTY 0~'~ U'/~-(.
The foregoing instrument was acknowledged before me by
MARK R WELSH, JULIE D WELSH
Witness my hand and official seal·
/
· (Signatur~e of Officer)
(T,tle of Officer)
My Commission Expires: /~~- 0¢
· :?006
=
., '~
(Seal)
WYOMING - MASTER FORM MORTGAGE
LEWY8 (0403)
Page 8 of 8
20043437200536
;0048
~EXHIBIT A
THE FOLLOWING DESCRIBED REAL ESTATI;i, S l rFUATE IN LINCOLN COUNTY
AND STATE OF WYOMING, HEREBY RELEASING AND WAIVING ALL RIGHTS
UNDER AND BY VIRTUE OF THE HOMESTEAD EXEMPTION LAWS OF THE
STATE, TO-WIT: LOT 8 OF BLOCK 2 OF THE 1 .INCOLN HEIGHTS 3RD
SUBDWISION TO THE CITY OF KEMMERER, [. I NCOLN COUNTY, WYOMING,
LESS AND EXCEPT THE FOLLOWING DESCRI liED LAND: BEGINNING AT THE
SE CORNER OF LOT 8 OF BLOCK 2 OF THE SA ID LINCOLN HEIGHTS 3RD
SUBDIVISION AND RUNNING THENCE N 90 DF. GREES 00 MINUTES 00
SECONDS W ALONG THE SOUTH BOUNDARY I.INE OF SAID LOT 8, 10 FEET;
THENCE N 05 DEGREES 42 MINUTES 38 SECONDS E, A DISTANCE OF 100.50
FEET TO THE NE CORNER OF SAID LOT; THENCE SOUTH ALONG THE EAST
BOUNDARY, A DISTANCE OF 100.00 FEET TO rl'l IE SE CORNER, THE POINT OF
BEGINNING.
Welsh