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RECEIVED 5/19/2006 at 11:17 AM
RECEIVING # 918590
BOOK: 620 PAGE: 640
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
WHEN RECORDED RETURN TO:
Name:
Address:
REINHART-EDWARDS, LLC, a Wyoming Limited Liability Company
P.O, Box 3258
Alpine, WY 83128
MORTGAGE
1031 Reverse Holdings, LLC, a Wyoming limited liability company f/b/o Susan Sweitzer,
Exchanger, Mortgagor of Jackson, County of Lincoln, State of Wyoming, hereby mortgage to REINHART-
EDWARDS, LLC, a Wyoming Limited Liability Company, Mortgagee of P.O. Box 3258, Alpine, WY
83128 for the sum of Ninety Six Thousand dollars and Zero cents ($96,000.00) the following described tract ofland
in Lincoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead
exemption laws of the State, to wit:
(,1
L'
Lot 228, Nordic Ranches Division No. 13 Third Filing Lincoln County, Wyoming, according to
that plat filed in the Office of Lincoln County Clerk March 2, 2006 as Plat No. 263-C.
This mortgage is given to secure the following indebtedness: one note of even date herewith for $96,000.00 made
payable at the times and place and at the rate specified in the note
This mortgage is intended to cover the rents and profits of said property, and consent is hereby given after default, for the
appointment of a receiver by any competent court and the receiver is hereby authorized to rent the said property and apply the
proceeds on this obligation,
The Mortgagors agree to keep the buildings now on said premises or hereafter erected thereon fully insured against loss by fire
in some fire insurance company approved by the mortgagee, with loss, if any payable to mortgagee, during the life of this
mortgage,
The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on
water rights or shares of stock used in connection herewith, or held as collateral with the above note; also any tax that may be
assessed by reason of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the
commencement of any legal proceedings for foreclosure of the same, and said attorney's fees shall be added to the amount due on
this mortgage, and made a lien on the premises described herein, In case of default in the payment of any sum covenanted to be
paid, either the principal or interest when the same shall become due and payable, or in case of default in the performance of any
covenant herein contained, the whole amount of this indebtedness secured herein may be immediately declared due and payable,
and to bear interest at the rate of 10 percent per annum from the date of such default, and this, mortgage foreclosed at the option
of the legal holder. In the event of default, Mortgagors grant to Mortgagees a Power of Sale to foreclose on and sell said
property as public auction pursuant to 34-4-101 et seq, Wyo, Stat., 1977, or its successor.
This mortgage shall be non-recourse with respect to 1031 Exchange, Inc., a Wyoming corporation and 1031 Reverse Holdings,
LLC, a Wyoming limited liability company, but not as to Susan Sweitzer.
WITNESS the hand of said Mortgagor, thisi1!fi day of May, 2006.
/ I /'1/"---<---
I 031 Reverse Holdings, LLC, a Wyoming limited
liability company
~$-
FranI< Hess, President of 1031 Exchange, Inc., a
Wyoming corporation, Manager
STATE OF WYOMING )
) ss.
COUNTY OF TETON )
On this /7 tf. day of May, 2006, personally appeared before me, Frank Hess, as the President of 103 1 Exchange,
[nc" a Wyoming corporation, as Manager of 1 031 Reverse Holdings, LLC, a Wyoming limited liability company that
executed the instrument and the foregoing instrument was signed on behalf of said limited liability company.
Pat Michael - Notary Public
COUNTY OF IfIK\ STATE OF
TETON ~. ,W~ING
My Commission Expires Wðð ~/O
Notary Public: /
My commission expires <...5~ /eJO I' 6 .
Land Title Company File Number: 60354
Mortgage - Buyer Ind
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