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Return to: P.O. Box 409
Thayne, WY 83127
000235
MORTGAGE DEED
RECEIVED 3/27/2006 at 11 :03 AM
RECEIVING # 916941
BOOK: 615 PAGE: 235
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, W.
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Charlotte B. Neel-Reinhart, mortgagor of Lincoln County, State of
Wyoming, to secure the payment of Fifty-Five Thousand Dollars and No/Cents, due
no later than July 15,2006, with the interest thereon at the rate of 11 % per year
(said sum, and the hlterest thereon being referred to as the "indebtedness"), payable
in full hi accordance with the provisions of that certain promissory note, ùated
March 1, 2006 hereby mortgage and warrant to mortgagee, Ace Enterprises of
Lincoln County, State of Wyoming the following described real estate, situated in
the County of Lincoln, hi the state of "Vyoming, to wit:
Legal Description:
324 5th Ave.
Afton, WY 83110
Afton Original Town, Block 26, Lot 2 part
Mortgagors agree to pay the hldebtedness according to the terillS of said
promissory note, and, during the life of this mortgage, to pay all taxes and
assessments on the premises and to keep the improvements thereon insured against
fire and other hazards in a sum not less than Fifty-five Thousand Dollars
($55,000.00) by such insurance as mortgagee may approve, with the proceeds
thereof made payable to mortgagee. If mortgagors fail to pay such taxes or
assessmellts or fail to keep the premises insured, mortgagee may pay the same and
may insure the premises, and all sums,J>aid by mortgagee for such purposes shall be
added to and considered as part of the indebtedness alid shall draw interest at the
same rate.
If default occurs hI the payment of the inùebtedness or hI the payment of any
installment thereof, or if default occurs in any of the covenants and agreements
thereof, 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 above described premises at public vendue accordhlg
to Wyoming Statutes, or by an action hI equity. Out of the proceeds of any
foreclosure sale, mortgagee shall retahl or receive all sums due to it hereunder, and
costs of foreclosure and sale, including attorney fees in an amount ~qual to ten
percent of the indebtedness remaining unpaid at the time of such sale, the same to
be taxed as costs in any equitable action brought to foreclose this mortgage.
To fully assure mortgagee the benefit of the of the security hlterest in the
premises granted to it her,eunder, mortgagors hereby assign to mortgagee all rents
hereafter payable for the use and occupancy of the premises by any person in
possesshm thereof with mortgagors" consent. If default occurs in any of the
covenants and agreements therein contained, whether or not mortgagee elects to
foreclose this mortgage on account thereof, mortgagee shall at once be entitled, and
is hereby authorized to collect the rents from the premises and to apply the same to
the payment of 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 the incident rents,
issues and profits thereof from the time of such default and for and during the
pendency of foreclosure proceedings and the period of redemption, if any. If
mortgagors should fail to surrender such possession to mortgagee promptly upon its
request therefore, mortgagee may compel delivery thereof by an ejectment action or
other civil proceeding appropriate to that purpose. Furthermore, and in addition to
the remedies otherwise provided for in this IÜortgage and by law, and as a matter of
:dght, without regard to the solvency or insolvency of mortgagors, the vàlue of the
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premises, or the sufficiency thereof to discharge the indebtedness and costs of
foreclosure and sale, mortgagee shall be entitled to a receiver for the premises and
rents, issues and profits thereof from the time of default to the expiry of any
redemptive period provided by law. Such receiver may be appointed by any coUrt
of competent jurisdiction upon ex parte application, without notice, notice being
hereby waived and the appointment of a receiver upon such application heing
hereby consented to by mortgagors.
Hereby releasing and waiving all rights under and by virtue of the b~mestead
exemption laws of tbe State of Wyoming.
Witness by band this 2Sth day of February, 2006.
~~ΕΎ;
State of _ WyominL
County of _Lincoln_
The foregoing instrument was ackuowledged before me by Charlotte B. Neel-
Reinbart this 2Sth day of February, 2006.
Witness my band and official seal.
PANETTE N. JOHNSON· NOTARY PUB
County of . State of
Uncal" Wyamin
My Commission expires -'I ~
My Commission Expires: 74 Ie¡ - øg