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MORTGÄGE
Katrina Ho;¡ie and Darry] Hoxie, wife and husband, of Alpine, Wyoming, (herein
collectively caJled 'MORTGAGOR"), to secure the payment of $190,006.03, with
interest thereon, as provided in and evidenced by a promissory note of even date herewith
(the ultimate maturity date of which is June 1,2046) and all renewals, modification and
extensions thereof, do hereby mortgage unto CentuIy Equipment Company of Salt Lake
City, Utah (herein called "MORTGAGEE"), the following described real property,
situate in the County of Lincoln, State ofWY, hereby releasing and waiving all rights
under and by virtue of the homestead exemption laws of the State of Wyoming, to-wit;
Lots 82 and 83 Alpine Village No. J, Plat 2 Amended, 6th Filing, Lincoln County,
Wyoming as described on the official plat filed 011 Juue J7, 2006 as instrument No.
918470 ofthc records oCthe Lincoln County Clerk.
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 vaJue (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 interést
at the same rate.
In case default shall be made in the payment ofthe 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 thç 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 legaJ 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 aJl 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 ol)ce become entitled to exclusive possession, use and enjoyment
of the Property, and 10 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 MORTGAG only.
ofM.y,20M. ç )-J/&-
Darryl Hoxic .
Wyoming
Lincoln
Acknowlcdgcd bcforc mc this
by KatriD8 Hoxie and Darryl Hoxie
d?~cP-
_ dayof
2006
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Notary Public:
My cOffimissio expires: 6 "" ". 0 . ~ ð 0 7
JILL H. LARSON - NOTARY DC
OOUNTY OF SWE OF
UNCOLN WYOMING
MY COMMISSION EXPIRES JUNE 20 2007
000179
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