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date. dMMclt 15,2006, payable 21dance with the provisions oftlmt cerWn ~ Ñ i
promissorynoíe, dated March ,2006,l1erebymortgage.and w.amm110 RobertL. ...;.; M UI 1E .w
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McFarland.and Cecilia G. McFarland, .and 1heir successors or .assigns, Mortgagee, of ~ ~ ~ ~ ~
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MORTGAGE
Yellowstone Farms, LLC, 11 Idaho Limited Liability Company, Joe Belloff, .an
.individual, .and Larry Reinhart,.an .individual, Mortgagors, to secure íhe p.ayment of
Two Hundred Fifty Thousand Doll.ars ($25 0,000.00) due with illterest 1hereon .at íhe :r.aíe
of seven percent (7%) per year, for íen (10) years, .as evidenced in ilie promissory note
Lincoln County, Wyomingío-wit:
Etna, Lincoln County, Wyoming
SEE ATTACHED DESCRIPTIONS marked.as ·EŒIBIT 'A'.
If defuult occurs in íhe payment of íhe indebtedness or in íhe payment of .any
installment 1hereo±: or jf default occurs ill .any of ilie covenants .and .agreements hereof,
íhen íhe whole indebtedness shall, l1t mortgagee's option, become due .and payable
forthwith, .and mortgagee may foreclose this mortgage either by.advertisement .and sale of
ilie premises .as provided by statute, or by.an 1iCtion.in equity. Out of íhe proceeds .of .any
foreclosure sale, mortgagee shall retain or receive all sums due ío it hereunder, .and costs
of foreclosure .and sale .including l1ttomey fees in .any equitable a.ction brought ío
foreclose this mortgage.
To fully .assure mortgagee íhe benefit of íhe .security .interests iI¡ íhe premises
granted ío Ü hereunder, mortgagors hereby .assign to mortgagee all rents hereafter payable
for 1he use..and occupancy of íhe premises by any person .in possession íhereof with
mortgagors' consent. If default occurs in.any ofllie covenants .and.agreements.herein
contHin~d, whether .or not mortgagee elects to foreclose this mortgage on .account íhereof,
mortgagee shallllt once be entitled, .and is .hereby.authorized, to collect the rents from the
pr~es.and to llpply the.same to the payment of the indebtedness secured hereby until
such default is remedied.
In íhe event of foreclosure of this mortgage upon defuult, mortgagee shall be
entitled ío íhe possession.and enj oyment of the premises .and íhe :incident rents, issues,
Mortgage
YellowstoneFMDlS, LLC- Joe Belloff &Lany Reinhart
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0917~13
COC622,
.and proñts thereof rrom the time of .such default.and for .and nminz the pendency of
foreclosure proceedings.and the period of redemption, jf llIlY. If mortgagors .should fail 10
.surrender .such possession 10 mortgagee promptly upon its request therefore, mortgagee
.may compel delivery1hereofby .an ejectment .action or other civil proceedi:nß .appropriate
10 1hat purpo.se.
Furthennore .and m .addition 10 1he remedies otherwise provided for in this
mortgage.and by law, .and.as .a matter of right, without regard 10 1he .solvency or
.insolvency of mortgagors, 1he v.a1ue of the premises, or 1he .sufficiency thereof 10
rlischarge the indebtedness .and costs of foreclosure .and .sale, mortgagee .shall be entitled
10 .a receiver for 1he premises .and the rents, issues .and prow thereof rrom 1he time of
default 10 the expiration ofllIlyredemptive period provided by law. Such receiver may
be .appointed by llIlY court of competent jurisdiction upon ex parte .application, without
notice, notice being hereby w.aived llIld the .appointment of.a receiver upon.such
.applic.ation being hereby consented to by mortgagors.
In 1he event of defau1t, the Mortgagees, .after givillg notice 10 1he Mortgagors, may
elect 10 foreclo.se by.advertising the notice of default then proceed with.sale of 1he
propertym.accorillmcewith Wyoming Statute §34-4-10l- §34-4-102 (2005).
Hereby releasing .and w.aivillg.all rights under .and by virtue of íhehomestead
<=mptinnJaw. nfthe State nfW~. . IV1 n. /0
WITNESS our hands this~ day Of~,2006.
Mortgage
Ye11ow.stone F.arms, LLC- Joe B ell off & Larry Reinhm1
P.age2of4
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The foregoing instrument w.as BCknowledged before me this 2- \.I- day of
March, 209~ by Joe Dd:lo.o: for YellowBtoneFß.11I1S, LLC.
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091.7113
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STATE OF WYOMiNG }"-l )
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COUNTY OF1:JNCOLN )
My Comml~~ionExpires: J/- 2? -/1
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STATE OFWYOMlNG F)
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COUNTY OF LINCOLN )
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The foregoing :instrument w.as 4Cknowledged before me this :2..4- day of
March, 2006, by Joe Belloff, llIlJndividual.
My Comml~~ionExpires: 11- 22 -{ /
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NOTARY~
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Mortgage
Ycl1ow.stone :Fß.11I1S, liC - Joe Belloff & Lany Reinhart
:Page 3 of 4
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BTATE OF WïOMlNG
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COUNTY OF IlNCOLN
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The foregoing IDstrument WßS 1iclmowledged before me íhis .;¿ ~ day of
March, 2006, by Larry Rein nHrt, for Yellowstone F.anns, liC.
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NOTARY, ~/IIIIIIII
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The foregoing IDstrument WßS 1iclmow1edged before me íhis c:< l/ day of
March, 2006, by Lany ReinnHrt, llIl Jndividual.
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My Commi~~ion:Expires: /1-27..- /1 NOT~~\~/III'
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Mortgage
Yellowstone :F.anns, tiC - Joe Belloff & LarryR eln nHrt
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C00624
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WyQ. ~Iton No. 1"
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Jdlho'legs\uJ\crl No..!990
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DESCRIPTION FOR
ROBERTL.MiFARLANDAND CECILIA G.MèFARLAND
PARCEL]î.
To-WÌ1:--
That part ofilieE%NWV<4 ofBection 14, 735NR.119W, Lincoln County, Wyoming, being
part of1ha11roCt of record in!he Office of1be Clerk of Lincoln .County in :Book 134 of
J>.hotostatic Records on page 600, rl.escribed.as follows:
:BEGIN!\lNG at1he:nartheast comer of 5aidEY.2NW%;
"thence 5000-10'-23''E, 1993.3 0 feet, .along !he :east 1ine of said E¥.zNWV4., 10 íh.e .southeast
{:amer of1he N¥1SEY~~;
!hence N89°-57'-43""W., 1312.45 feet, .along the .south line of said N1hSEl,4NWV4., 10 !he
1lCI1heast point of Lot 1 of Windy Acres Subdivision of record in.said Office Æ :Plat 'No.
122-B;
tbP.nœNOO°-46'-16"E, 66322 feet, to.apoint on1hellorth1ine of58ÍdN~..sE%NW~;
!hence NOoo-09'-56"W, 132631 :feet, to a point on 1he11Orthlineof5aidEV~%;
1h~T1ce N89°-52'-08".E. 1301.34 feet, Along !he 1lCrtÌ11ine m .said :E~%. 10 1he
CORNER OF .BEGINNING;
ENCOMPASSING .2Il.area of 59.58 .acres. :more or less;
!he BASE BEAR1NG for this.survey is íhe ~ line, of !he NE% of Section 14, T35N
R119W, being NORlli;
SUBJECT 10 ~ements of record;
each "comer'" found.as .described in !he Comer Record filed or 10 be :filed in!he Office Df
íhe Clerk ofl.incoln County;
œch ~oinf' marked by .a 5/8" x 24" steel reinforcing rod: with.a 2" 1ÙnmÎt!11m .c.'3p
fuscribed, "SURVEYOR SCHERBEL LTD AFTON WY ~LS .5368~, -with zppropriate
details;
.all in 3Ccorrl2nce with the plat prepBred 10 be filed in !he Office of the Clerk of I..incoln
Countyiitled, ~OBERT L. MCFARLAND AND CECILIA G. MCFARLANDJ>LAT A}'
TRACTS WITHIN TIm NW% 5 DON 14 T35N R119W LINCOLN COUNTY,
WY , rlated 12 NO. IßV1sed.
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"'Modification in .any w:iy .of !he iorefjoing Description 1erminates liability of !he surveyor"