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MORTGAGE DEED
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BRENT SIMPSON AND BEVERLY SIMPSON, of Bedford, Lincoln County,
Wyoming, to secure the payment of Eighty Thousand Dollars and .00/100 ($80,000.00),
payable in monthly payments of $200 per month starting January 10,2006, and on the 10th
of each consecutive month until July 10, 2007, when the balance that is due and owing
shall be paid in full, and interest will accrue starting January 10, 2006, at the rate of Four
Percent (4%) per annum, payable in accordance with the terms of a certain Promissory
Note of even date herewith, evidencing said indebtedness, do hereby mortgage to
THOMAS H. SIMPSON AND WILDA R. SIMPSON JOINT LIVING TRUST, dated January
25, 1994 , of Turnerville, Lincoln County, Wyoming, the following described real estate,
. Jated in the County of Lincoln, in the State of Wyoming, to-wit:
~
Part of the Southeast quarter of the Northeast quarter of Section 15,
Township 33 North, Range 118 West, Wyoming, more particularly described
as follows:
Beginning on section line at a point 394.07 feet north from the southeast
corner of the northeast quarter of said Section 15; and running thence North,
along section line, a distance of 218.00 feet; thence West, parallel to the
south boundary of the said northeast quarter, a distance of 331.62 feet;
thence South a distance of 218.00 feet; thence East a distance of 331.62
feet to the point of beginning, and containing 1.66 acres, more or less.
TOGETHER WITH all improvements, appurtenances, hereditaments and all
other things thereunto belonging or in anywise appertaining.
SUBJECT, HOWEVER, to all easements, rights-of-ways, reservations,
restrictions, conditions of record, and existing or future oil and gas and/or
other mineral leases, or existing mining, mineral and other reservations, now
of record, or otherwise affecting said lands.
The Mortgagor agrees to pay the indebtedness hereby secured, and to pay all taxes
and assessments on said premises and to keep the buildings thereon insured in a sum not
less than the unpaid balance due hereunder during the life of this Mortgage, in favor of and
payable to the Mortgagee, and in case the Mortgagor shall fail to pay such taxes and
assessments and to keep the premises insured, as aforesaid, the Mortgagee may insure
said buildings and pay said taxes and assessments, and all sums so paid shall be added
to and considered as a part of the above indebtedness hereby secured, and shall draw
interest at the same rate.
In case default shall be made in the payment of the above sum 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 shall be made in any of the covenants and
agreements hereof, then the whole indebtedness hereby secured with the interest thereon
shall become due and payable, and the Mortgagee, their legal representatives or assigns
may proceed to foreclose this Mortgage by advertisement and sale of the above-described
premises, at public vendue, for cash, according to Wyoming Statutes governing mortgage
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foreclosures, and out of the proceeds of such sale he shall pay all sums due hereunder,
together with all costs of sale and foreclosure, including reasonable attorneys' fees;
HEREBY relinquishing and waiving all rights under and by virtue of the homestead
exemption laws of said state.
IN WITNESS WHEREOF, the Mortgagor has caused these presents to be signed
this ~~ day of December, 2005.
~~.~
EN SI . S
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STATE OF WYOMING )
)55.
COUNTY OF LINCOLN )
The foregoing instrument was acknowledged before me by BRENT SIMPSON AND
BEVERLY SIMPSON, this ~ day of December, 2005.
WITNESS my hand and official seal.
M. GALLOWAY - NOTARY PUBLIC
County of ~ State .of
Lincoln ~ wy.oml~ OJ
My Commission Expires (e/~ ()
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