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HomeMy WebLinkAbout914229 ¡ 1\ l~f \ (J HECEIVED 12/6/2005 at 420 PM RECEIVING # 914229 BOOK: 606 PAGE: 813 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY ('!Ìno,~ 3 \." ',) \j 0 1. MORTGAGE DONALD LEE JAUREGUI, JR. OF 100 Cedar Avenue, Kemmerer, WY 83101, (herein collectively called "MORTGAGOR"!, to secure the payment of NINE THOUSAND DOLLARS ($ 9, 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 3RD DAY OF NOVEMBER, 2010) and all renewals, modification and extensions thereof, do here,bv. mortgage unto JOHN E. MEWES, OF 613 N. AVENUE C-3, CHEYENNE, WY 82001(~'èlrein called "MORTGAGEE"), the following described real property, situate in the County of Lincoln, State of Wyoming, hereby releasing and waving all rights under and by virtue of the homestead exemption laws of the State of Wyoming, to-wit: SEE ATTACHED EXHIBIT A FOR LEGAL DESCRIPTION. Property Address: 100 Cedar Avenue, Kemmerer, WY 83101 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 MORTGAGEE evidence thereof, insurance with an insurance carrier or carriers acceptable to MORTGAGEE, covering the insurance improvements on the Property 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 whichever is less, which insurance shall contain an appropriate loss payable provision protecting MORTGAGOR and MORTGAGEE as their respective interests may appear from time to time. In the event MORTGAGOR fails to pay 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 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 of default shall be made in any of the covenants and agreements thereof, or in the event MORTGAGOR sells or conveys the Property, or any part thereof, 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, atthe option of MORTGAGEE, and MORTGAGEE'S legal representatives and assigns, may proceed by advertisement and sale/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. 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 the MORTGAGOR only. Witness our hands this ~ k~ day of November, 2005. ß State of Wyoming ) )ss ) County of Lincoln T11e foregoing instrument was acknowledged Sfz---day of f)l.ðvember, 2005. VÚl.~J.f' Witness my hand and official seal. before me by Donald Lee Jaureaui, Jr. this J'L,[)M Notary Public My Commission Expires: Q-c>;1Ü ~ "'------ --~-. --. -~ - --~ UIf:'[ ):?( S,\;,~~ !. !J~.- ..".ï :c;¡j J\ ~-;:~;.'¡J~----I· (\JH"'~ ' 1)1 rÞ~f:nt)f~ i ~.~., {ì:~(~'I~" ~<:~ \ ';¡~ ~t;Jj¡;¡ (Jf ~ ', ('/i ~:¡;dn i{, r/~\.).Jü"\l ~'~ i,:t.:~,;~_.';'f) ----_._ _M_~'O"~"'~"::~~'~\~~~___._._." "'_ ~~'... .__. ÜS:..\,/1,;~:2S Î' !Ì O. 0 'I;i I., ',j ) 0 1. {l EXHIBIT A A portion of Lot 11 of Block 19 of the First Addition to the Town of Kemmerer, County of Lincoln, State of Wyoming, more particularly described as follows: Beginning at a point which lies S 18°25'57" W, 15.57 feet of the Northwest corner of Lot 13 to a point on the Easterly boundary of Lot 11; thence S 18°2~J'57" W, 38.18 feet; thence N 26°34' W, 27.00 feet; thence N 63 ° 26' E, 27.00 feet to the Point of Beginning. ALSO Lot 13 of Block 19 of the FirstAddition to the Town of Kemmerer, Lincoln County, Wyoming, excepting therefrom the Northerly 11 feet thereof and also excepting therefrom that portion described as follows: Beginning at the Southwest Corner of said Lot 13; thence N 63°26' E, 12.00 feet; thence N 26 ° 34' W, 12.00 feet to a point on the Easterly boundary line of Lot 11; thence S 18°25'57" W, 16.96 feet to the Southwesterly corner of Lot 13 and the place of beginning.