HomeMy WebLinkAbout917892
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MORTGAGE
PAUL D. BUCK and KATRIN T. BUCK, husband and wife Mortgagors, of
Afton, Lincoln County, Wyoming, to secure the payment of Thìrty Six Thousand Seven
Hundred Fifty Dollars ($36,750.00) due and payable in accordance with the provisions
of that Promissory Note dated April 14,2006, hereby mortgage and warrant to Kent
Funding, Inc Mortgagees, or assigns, of 11301 W. Olympic Blvd-PMB 606 Los
Angeles, CA 90064 tò wit:
Part of Section 19, Township 31 North Range 118 West of the 6th P.M. Lincoln
County, Wyoming, it being the intent to describe the land contained in Warranty
Deed recorded August 16, 1979 in Book 156PR on page 593 of records of
Lincoln County Clerk and approximately 13.52 feet to the West, more particularly
described as follows:
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BEGINNING at a point 668.508 feet East of the Northwest Corner of said Section
19 and continuing thence NOl1h 89° 46'49" East, 201.28 feet;
Thence South 00° 00'00" East, 290 feet;
Thence North 89° 46'49" West, 201.28 feet;
Thence North 00° 00'00" East, 290 feet to the POINT OF BEGINNING.
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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,
then the whole indebtedness shall, at Mortgagees' option, become due and payable
forthwith, and Mortgagees may foreclose this m0l1gage either by advel1isement and sale
of the premises as provided by statute, or by an action in equity. Out of the proceeds of
any foreclosure sale, Mortgagees shall retain or receive all sums due to it hereunder, and
costs of foreclosure and sale including attorney fees in an amount equal to ten percent
(10%) 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 Mortgagees the benefit of the security interests in the premises
granted to it hereunder, Mortgagor hereby assigns to Mortgagees all rents hereafter
payable for the use and occupancy of the premises by an person in possession thereof
with Mortgagor's consent. If default occurs in any of the covenants and agreements
herein contained, whether or not Mortgagees elect to foreclose this mortgage on account
thereof, Mortgagees 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.
Mo!oaoe
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RECEIVED 4/28/2006 at 3:43 PM
RECEIVING # 917892
BOOK: 618 PAGE: 292
JEANNE WAGNER
LINCOLN ~C_~~NTY CLERK~,.,;~~m¡¡¡¡ililli¡RER, WY
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In the event of foreclosure of this mortgage upon default, Mortgagees 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 Mortgagor should fail to
surrender such possession to Mortgagees promptly upon its request therefore, Mortgagees
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
mortgage and by law, and as a matter of right, without regard to the solvency or
insolvency of MOligagor, the value of the premises, or the sufficiency thereof to
discharge the indebtedness and costs of foreclosure and sale, Mortgagees shall be entitled
to a receiver for the premises and the rents, issues and profits thereof from the time of
default to the expiration 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 being hereby consented to by Mortgagor.
Hereby releasing and waiving all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
WITNESS our hands this )4 ~ay of April, 2006.
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PAUL D. BUCK, Mortgagor
Mortgage
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0917892
STATE OF WYOMING
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COUNTY OF LINCOLN
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Katrin T. Buck, Mortgagors, this
14th
The foregoing instrument was acknowledged before me by Paul D. Buck and
day of April, 2006.
WITNESS my hand and official seal.
My Commission Expires:
9-15-07
Mortgage
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A!V~M4~
NOTARY PUBLIC .
GLORIA K. BYERS· NOTARY PUBLIC
County of State of
Un coin Wyoming
My Commission expires Sept. 15, 2001