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MORTGAGE
Alicia Snyder, (hereinafter "MORTGAGOR"), to secure the payment of Eighty Thousand
Dollars ($80,000.00) with interest thereon, as provided in and evidenced by a promissory note of
even date herewith (with the ultimate maturity date of which is April 1, 2007) and all renewals,
modifications and extensions thereof, does hereby mortgage to Evan A. Love and Carol K. Love,
hereinafter collectively "MORTGAGEE") the following described real property, situate in the
County of Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws of the State of Wyoming, to-wit:
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Lots 134 and 135 of Spring Canyon Ranches Subdivision, Lincoln County, Wyoming, as
described on the official plat thereof, together with all improvements, buildings and
appurtenances thereon situate or in anywise appertaining thereto
SUBJECT, however, to all restrictions, reservations, easements and rights-of-way of
record, of sight or in use.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessments and charges levied against the Property and all Spring Canyon Ranches Association
dues or assessments, as the same become due and payable; to secure, maintain and furnish
MORTGAGEE evidence thereof, insurance with an insurance carrier or carriers acceptable to
MORTGAGEE, covering the insurable improvements on the Property against loss by fire, with
extended coverage, in an amount not less than the unpaid balance of the debt hereby secured, or
the insurable value of such improvements, whichever is less, which insurance shall contain
appropriate loss payable provision protecting MORTGAGOR and MORTGAGEE as their
respective interests may appear from time to time. The insurance proceeds or any part hereof,
shall, at the option of the MORTGAGOR, be applied either to the reconstruction of
improvements on the property or to the payment of the indebtedness hereby secured. In the
event MORTGAGOR fails to pay such taxes and 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 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 and 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 hereof, or any interest
therein, without the prior written consent of the MORTGAGEE first had and obtained, then the
whole indebtedness hereby secured, with interest thereon, shall become due and payable, at the
option of the MORTGAGEE, and MORTGAGEE'S legal representatives and assigns, may
proceed by advertisement and sale and/or as otl1erwise 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. If the
proceeds of the foreclosure are insufficient to pay the indebtedness hereby secured and
foreclosure costs, MORTGAGEE shall be entitled to a deficiency judgment.
RECEIVED 10/28/2005 at 2;:15: PM
RECEIVING # 913231
BOOK: 602 PAGE: ~10
JEANNE WAGNER '
LINCOLN COUNTY CLERK, KEMMERER, WY
Morlgagë
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09'13231
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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 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.
THE PROPERTY IS NOT AGRICULTURAL PROPERTY AS DEFINED IN WYO.
STAT. SS 1-18-103.
STATE of
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WITNESS my hand thisb(ð' day ofOJ'I~V7 ,2005.
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P.O. Box
Farson WY, 82932
Heidi Beachler· Notary Public
County of _, , State of
Uncoln . Wyoming
My Commission Expires S /,q 107
The foregoing instrument was acknowledged be ore me, a notary public in and for said
County and State, by Alicia Snyder this!l1 day of (], -/ ,2005.
WITNESS my hand and official seal. ,
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