HomeMy WebLinkAbout875641 MORTGAGE
August'
$]2,000.00
Brent L. and Linda R. Hampton (herea~er "MORTGAGOR"), to secure the payment of
Twelve Thousand Dollars ($12,000.00) with imerest thereon, as provided in and evidenced
promissow note of even date herewith (the ultimate maturity date of which is the 1 st day of
September, 2006) and all renewals, modifications and extensions thereo~ does hereby mortgage
unto Barw and Diane Treasure, (h'erea~er MORTGAGEE) the following described real prope~L
situated in the County of Lincoln, 'State of Wyoming, hereby releasing and waiving all rights under
and by vi~ue of the homestead exemption laws of the State of Wyoming, to-wit:
Lot 51, Plat 13 Star Valley Ranch, ~ recorded, platted subdivision of Lincoln CountL
Wyoming.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessments and charges levied against the Property, as the same become due and payable. In the
event MORTGAGOR fails 'to pay sUch taxes, and assessments, MORTGAGEE may pay such
taxes and assessments and all sums so paid shall be added to and considered a part of the
indebtedness hereby secured and shall draw interest at the same rate.
In case default shall be made in the payment of the above sums hereby secured, or in the
payment of the interest thereon, or any part of such principal or interest, when the same shall
become due; or in case default shall be made in any of the covenants and agreements thereof,
which default is not cured within thirty (30) days after notice thereof is given by MORTGAGEE,
or in the event MORTGAGOR sells or conveys the Property, or any part thereof, or any interest
therein, shall become due and payable, at the option of MORTGAGEE, and MORTGAGEE's
legal representatives and assigns, may proceed by advertisement and sale and/or as otherwise
authorized by governing law, to foreclose on and sell the Property, and out of the proceeds of
such sale, MORTGAGEE shall pay all sums due hereunder, together with all costs of Sale,
including reasonable attorney's fees. Ifthe proceeds of the foreclosure sale are insufficient to pay
the indebtedness hereby secured and foreclosure costs, MORTGAGEE shall be entitled to a
deficiency judgment.
In the event of any default whereby the right of foreclosure occurs hereunder,
MORTGAGEE shall at once become entitled to exclusive possession, use and enjoyment of the
Property, and to all rents, issues and profits from the accruing of any such rights and during the
pendency of the foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by, through or under
MORTGAGOR only.
, WITNESS my hand this 2 9 th Day of August 2001
Linda R Hampton
033
STATE OF Idaho )
COUNTY OF Bannock )
The foregoing instrument ,.,vas acknowledged before me by Brent L Hampton and Linda R
RHampton this 29th day of ~tugust 2001
WITNESS my hand and official seal.
sEAL - ---~-z ............... -' ...... "-'r' ........
Notary Ptll~l~.~.'-:~--_ -_--_--_ -_-_,_-__z ............. _,_
~ BARBARA M. KESSLER
My commission expires: ...... -9--/-~--/..°-2 .................. / NOTARY PUBLIC
~; STATE OF IDAHO