***Adopted***

AMENDMENT No. 3 PROPOSED TO

                             Senate Bill NO. 2557

                             By Senator(s) Carlton

     Insert after line 29 the following, and renumber subsequent paragraphs:

          (b)  A mobile home, when owned and occupied as the residence of the debtor, not exceeding Ten Thousand Dollars ($10,000.00) in value; in determining this value, existing encumbrances, including taxes and all other liens, shall be deducted.  A debtor is not entitled to the exemption of a mobile home as personal property who claims a homestead exemption under Section 85-3-21.