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MORTGAGE f,','~ t
MARK BENNION AND ANISE BENNION, HUSBAND ~D WIPE, OF ~6..'67
LANE IDAHO FALLS, ID 83404, (herein co}lectively called
payment of TWELVE THOUSAND DOLLARS ($12,000.00) , with i~terestthereo~, as provided
in and evidenced by a promissory note of even date herewith (the ultimate maturity date of
which is the day of , _~:.__} and all renewals, modificat}on and extensions thereof,
do hereby mortgage unto MARY }?~THERINE F~KHOUSER of 13550 CLERMONT STREET,
THORNTON., CO 80241 (herein called "MORTGAGEE"), the following described real property,
situate in the County of Lincolo'/ State of Wyoming, hereby releasing and waving all rights
under and by virtue of the homestead exemption taws of the State of Wyoming, to-wit:
Lot 61 of Star Val]:.~ey Ranch Plat 7, Lincoln County, Wyoming as
described on the of}[icial plat thereof.
;'
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;
to secure, maintain and furnish MORIGAGE evidence thereof, insurance with an insurance
carrier or carriers acceptable to MORTGAGEE, covering he insurance improvements on the
ProperW against loss by fire and :earthquakes, with extended coverage, in an amount not less
than the unpaid balance of the debt hereby secured, or the insurable value (replacement cost)
of such improvements whichev{sr is less, which insurance shall contain an ap9ropriate loss
payable provision protecting MORTGAGOR and MORIGAGEE as their respective interests may
appear from time to time. In the event MORIGAGOR fails topay such taxes or assessments,
or fails to keep and maintain such insurance as herein provided, MORTGAGEE may pay such
taxes and assessments and may secure and pay for such insurance, and ail 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 of 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 prMcipal or interest, when the same
shall besome due; or in case of default shall be made in any of the covenants and agreements
thereof, or in the event MORIGAGOR sells or conveys the Property, or any part thereof, or
any interest therein, without the prior written consent of the ~ORTGAGEE first had and
obtained, then the whole indebtedness hereby secured, with interest thereon, shall become
due and payable, atthe option of MORIGAGEE, and MORIGAGEE'S legal representatives and
assigned, may proceed by advertisement and sale/or as otherwise authorized by governMg
raw, to foreclose on and sell the Property, and out of the proceeds of such sale, MORTGAGEE
~hall p~y all sums due hereunder, together with ail ousts of s~le including reasonable
attorney's fees. ~ the proceeds ef 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
Prope[ty, and to all rents, issues and profits from the accruing of anV such rights and during
the pendency of the foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants t~tle to the Property as to parties claiming, by through or under
the MORTGAGOR only.
Witness our hands this ~ day of August, 2001.
I ~ ,~( ,~- ,. -
ANNE BENNION
- .. ~ ,,' ..... ~
State
of
County of J~,,(,l~""~)/',¢~) %., .,' .......
The foregoing instrument was at:knowledBed before me by Mark Bennion and Anne
this ,~ day of August, 2001.
Witness my hand and official seal.
'~otar~blic