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C00102
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Michael L. Pluta, . Mortgagor(s), of Monterey County, State of California to secure payment of Eighteen Thousand Four
Hundred Dollars and No Cents Dollars ($18,400.00), due November 1, 2015 with interest ftom November 4, 2005 at the
rate of ten per cent per annum payable monthly, evidenced by Promissory Note of even date herewith, in monthly
installments of Two Hundred and Forty-Three Dollars and Sixteen Cents ($243.16) each, including interest, commencing
on the 1st day of December, 2005 and continuing on the same day of each month thereafter, do(es) 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:
Stewart Country Club Estates Phase 1 Lot 6
Mortgagor(s) agree(s) to pay the indebtedness according to the terms and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life oftlùs mortgàge to pay all taxes and assessments against the
premises. IfMortgagor(s) fail(s) to pay such taxes or assessments, Mortgagee may pay the same, and all sums paid by Mortgagee for such
purpose shall 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 installment 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 Wyoming, or by an action in equity. This will be Mortgagee's sole remedy against Mortgagor(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 offoreclosure 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 mortgage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s) hereby assign(s) 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 covenants and agreements herein contained or under the aforesaid Promissory Note, whether or not
Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize(s) 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 anq enjoyment of the premises
from the time of such default and during the pendency of foreclosure proceedings and period of redemption, if any. IfMortgagor(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. 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).
MORTGAGOR(S) HEREBY RELINQUISH(ES) AND WAIVE(ES) all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this I 2,)P-.. day of N 6 If~ b~05
:¡:rl þ
STATE OF WYOMING )
) ss.
COUNTY OF LINCOLN )
On this I 0 -11'\.. day of N 6 V ~ b<:r , 2005 before me personally appeared
tLt.-(,hcte-.1 L~ -J/v-~ and - known to me to be the person(s)
described in and who executed the foregoing instrument, and acknowledged that.h..L executed the same as h ,"-S free
act and deed, including the release and waiver of the right of homestead.
WITNESS my hand and seal.
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UBLIC in and for said County and State
My commission expires F eb
2cJv '1
RECEIVED 3/10/2006 at 2:36 PM
RECEIVING # 916569
BOOK: 614 PAGE: 102
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
lä- - - k.\M. ~ .,
- Commlulon (I 1549431 .
i . ~.. Notary Public. Callfornta f
" . Monterey County -
My Cornm. Expkea Feb 3, 2009
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