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MORTGAGE DEED WITH RELEASE OF IIOMESTEAD
K. David Flora and Kimberly M. Flora
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Mortgagor(s), of County, State of California , to secure payment
of One hundred fonr thousand nine hundred seventy-six dollars and 00/100 Dollars
($ 104,976.00 ), due October!, 2015 , with interest from October!, 2005 a[[he rate
of 10 (ten) percent per annum payable monthly, evidenced by Promissory Note of even date herewith, in monthly
installments of One thousand three hundred eighty-seven dollars and 27/100 Dollars
($ 1,387.27 )each, including interest, commencing on the 1" dayof Novemher ,2005,and
continuing on the same day of each month thereafter, do_ hereby mortgage and warrant to LEISURE VALLEY, INC.,
a Nevada Corporation, Mortgagee, of Lincoln County,Wyoming, the following described real property in the County of
Lincoln, State of Wyoming:
Lot 4 of BRIDGER VIEW RANCHES
Mortgagor(s) agree_ to pay the indebtedness according to the terms and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Ine., and during the life of this mortgage to pay a11 taxes and assessments against
the premises. If Mortgagor(s) fail_ to pay such taxes or assessments, Mortgagee may pay the same, and a11 sums paid by Mongagee
for such purpose sha11 be added to and considered as a part of the indebtedness and shall draw interest at the same rate,
If default occurs in the payment of the indebtedness or in the payment of any insta11ment thereof, or if default occurs in any of the
covenants and agreements hereof or under the aforesaid Promissory Note, then the whole indebtedness shall, at Mortgagee's option,
become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement and sale of the premises as
provided by the statutes of the State of\Vyoming, or by an action in equity, This wi11 be Mortgagee's sole remedy against jI,'lortgagor(s)
in case of default by Mortgagor(s), Out of the proceeds of any foreclosure the Mortgagee shall retain or receive all sums due to it hereunder
and costs of foreclosure and sale, including attorney fees in an amount equal to Ten Percent (10%) of the indebtedness remaining unpaid
at the time of such sale, and the same shall be taxed as costs in any equitable action brought to foreclose this mongage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s) hereby assign_
to Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession thereof with Mortgagor's
consent. If default occurs in any of the the covenants and agreements herein contained or under the aforesaid Promissory Note, whether
or not MOJ1gagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize__ Mortgagee to collect the rents
from the premises and to apply the same to the payments on the indebtedness secured hereby until such default is remedied,
In the event of foreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and enjoyment of the premises
and rents and profits thereof from the time of such default and during the pendency of foreclosure proceedings and period of redemption,
if any, IfMOJ1gagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate for that purpose. Fmthermore, in addition to the remedies
otherwise provided for in this mortgage and by law and as a matter of right without regard to the solvency or insolvency ofMortgagor(s),
or the value of the premises or the insufficiency thereof to discharge the indebtedness and costs of foreclosure and sale, Mortgagee shall
be entitled to receive from the premises the rents, issues and profits thereof from the time of default to the expiration of any redemptive
period provided by law, A receiver may be appointed by any court of competent jurisdiction upon ex parte application without notice,
notice being hereby waived and appointment of a receiver upon such application being hereby consented to by the Mortgagor(s),
MORTGAGORS(S) HEREBY RELINQUISH_ AND WAIVE_all rights under and by virtue of the homestead
exemption laws of the State of Wyoming,
Dated this
~}0
day of
s ("fk,.,~JO-{-"
MORTGAGORS:
, 2005.
RECEIVED 11/14/2005 at 10:39 AM
RECEIVING # 913644
BOOK: 604 PAGE: 569
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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On this C¡ -'J \::'-05" day of ,:S ¿" p-l
Flora and Kimberly M. Flora
executed the foregoing instrument, and acknowledged that
including the release and waiver of the right of homestead.
STATE OF CC{. \ ¡' \01 i1 : Y-)
COUNTY OF 'ttJ c¡ V ¿
they
2005, before me personally appeared K. David
known to me to be the person(s) described in and who
executed the same as --1hlli-, free act and deed,
WITNESS my hand and seaL
( (f..CQLO~.~U1~
NOTARY PUBLIC in and for said County and State
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My commission expires ex.. æ v /
i ,'" ,." ,." "'~~.-iI..~J.L.....JiL.",-'""~f
."_~!,,,~ COLLEEN LEMONS,
',' ~~"'~~"~)' Commission /I ] 432946
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