HomeMy WebLinkAbout875782 MORTGAGE
$11,000.00 ..... 2001
Rebecca D Thomas, Truste~,~ of the Phillip Jeff'rey Thomas Family Trust, dated April 15,
1998 (hereafter "MORTGAGOR"}., to secure the payment of Eleven Thousand Dollars
($11,000.00) with interest thereon~?as provided in and evidenced by a promissory note of even
date herewith (the ultimate maturity date of which is the 7~' day of August, 2011) and all
renewals, modifications and extensions thereof, does hereby mortgage unto Sheldon E Kendall
and Conolyn Kendall, (hereafter MORTGAGEE) the following described real property, situated
in the County of Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemptioni:laws of the State of Wyoming, to-wit:
Lot 48, Plat 18 Star Valley Ranch, a recorded, platted subdivision of Lincoln County,
Wyoming.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessments and charges levied agai.nst 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 sliall 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 shali be made in any of the covenants and agreements thereof,
which default is not cured within th!.rty (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 for.¢elose 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:. If the 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
MORT.GAGOR only.
WITNESS myhandthis ~? Dayof ._q_ee[~e~,t~er- 2001~
Rebedca D Thomas L
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875782
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STATE OF ~,~q ~ ~,.? ,, ~j )
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COUNTY OF ,~ ,'~4 ~/~'~ )
The foregoing instrument was acknowledged before me by Rebecca D Thomas, Trustee of
the Phillip Je~ey Thomas Fa~ly Trust tbs ~ day of 3.e ~'[~ ~ ~ ~- 2001
~SS my h~d and o~icial seal.
~~ Nota~ Public
My c°m~ssion exp~res:--~--~a~.~ .... ~ ...........