HomeMy WebLinkAbout922510
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RECEIVED 9/15/2006 at 4:18 PM
RECEIVING # 922510
BOOK: 633 PAGE: 864
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000864
MORTGAGE
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Steven K and Shauna J
Stevea K. Whiteside aad Shau.. J. Whiteside Tl"Wltea of Whiteside Faøûly Trust
dated December 21, 2004" ofStavanger Pouch P.O. Box 4569, Houston, TX 77210,
(herein collectively called 'MORTGAGOR''), to secure the payment of$250,OOO.OO,
with interest thereon, as provided in and evidenced by a promissory note of even date
herewith (the ultimate maturity date ofwhicb is September 8, 2021) and all renewals,
modification and extensions thereof, do hereby mortgage unto Clealon D. Hyde and
Elaiae Hyde, aDd their IUCCason, Trllltees of CleaJog D. and Elaine Hyde Family
Revocable Tl"Wlt dated the 1'" day of September, 19!J7, 627 Toms Canyon Road,
Auburn, WY 83111 (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:
The South half of the North half of the Northeast Quarter of the Southeast
Quarter aDd tlae Soatla half of tlae Northeast Quarter of the Southeast
Quarter; aad the East half of the Southeast quarter of the Southeast Quarter
ofSedioa 28r T33N R119W of the ,. P.M., Liacolo COlUlty, WyoDling.
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 thcreot: 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 fÏ'om 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 sball 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
sball become due; or in case of default sba11 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 wrincn 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 attoroey'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 ftom 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.
Witness our hands this ~daYOf ~.2006.
Whi~WeFamilyr~~~ ~~jÃ"jA _ Q/J~
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000865
State of J/~)
)55.
County of &~ 3Lp-t.L-.~
The foregoing instrument was acknDWlcdgcd before me this ì day of..ÁUSUit, 2006 by Steven K.
Whiteside and Shauna J. Whiteside.
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Witness my hand and official seal
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APOSTILLE
(Convention de La Have du 5 octobre 1961)
1. Country NORWAY
This public document _..
2. Has been signed by äSti.i ~d2C:f.¡¿
3. acting in the capacity of ..4I.t?t4Ø:J:¡í2if;t
4. bears the seal/stamp of ..ïJ/¡;~if.J........
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Certified ~ ~ h
5. at Stavanger 6. the .æ /~~Æ..
7. by the Governor of the county of RogaJand
8. No. .....I.1.1.ß...........
9. Seal/stamp; 10. Signature:
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