HomeMy WebLinkAbout917240
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~~ Ö DAVID K. JENSEN OF P.O, BOX 1185, KEMMERER, WY 83101, (herein collectively
m ~ ¡, called "MORTGAGOR"), to secure the payment of EIGHTY NINE THOUSAND DOLLARS
t? ~ '& ($ 8 9, 000. 00), with interest thereon, as provided in and evidenced by a promissory note
..g JJ 8 of even date herewith (the ultimate maturity date of which is the 10th day of February, 2019)
i ~?... ~ and all renewals, modification and extensions thereof, do hereby mortgage unto ADRIAN L.
l-i¡l;~ lj, KOLE AND DIANA KOLE, HUSBAND AND WIFE OF P.O. BOX 1267, KEMMERER, WY
83101 (herein 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:
COOí~~j2
MORTGAGE
SEE ATTACHED EXHIBIT A FOR LEGAL DESCRIPTION.
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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, at the 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.
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Witness our hands this
day of April, 2006
State of Wyoming )
)ss
County of Lincoln )
The foregoing instrument was acknowledged before me by David K. Jensen this3 ~ day
of April, 2006.
My Commission Expires:
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Witness my hand and official
tary Public
RECEIVED 4/4/2006 at 4:11 PM
RECEIVING # 917240
BOOK: 616 PAGE: 232
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
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0917240
Exhibit A
File 6010614936
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The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is
described as follows:
A parcel of land located in the Northeast Quarter of the Southwest Quarter of Section 15,
Township 21 North, Range 117 West of the 6th P,M., Lincoln County, Wyoming being more
particularly described as follows:
Commencing at the South Quarter Corner of said Section 15, thence North 00°02'10" West
along the Easterly boundary of the Southwest Quarter of said Section 15, a distance of 1316.11
feet to the CS 1/16 corner of said Section 15;
thence South 89°29'36" West, along the Southerly boundary of the Northeast Quarter of the
Southwest Quarter of said Section 15, a distance of 59.51 feet to the point of beginning of this
description, said point of beginning being a point on the Centerline of a road easement;
thence continuing South 89°29'36" West, along the Southerly boundary of the Northeast
Quarter of the Southwest Quarter of said Section 15 a distance of 1257,65 feet to the
Southwest 1/16 corner of said Section 15;
thence North 44°45'02" East, a distance of 939,29 feet to a point, said point being on the
centerline of a road easement;
thence South 42°16'27" East, along the centerline of a road easement a distance of 886.49 feet
to the point of beginning,
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