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MORTGAGE DEED WITH RELEASE OF HOl\1ESTEAD
Ruth Eddin Mortgagor(s), ofBonneville County, State ofIdaho, to secure payment of fifteen thousand three hundred and
no/IOO Dollars ($15,300.00) due August 1, 2016 with interest from July 8, 2006 at the rate often per cent per annum
payable monthly, evidenced by Promissory Note of even date herewith, in monthly installments of two hundred two and
19/100 Dollars ($202.19) each, including interest, commencing on the 1st day of September, 2006 and continuing on the
same day of each month thereafter, do(es) hereby mortgage and warrant to LEISURE VALLEY, INC" a Nevada
Corporation, Mortgagee, of Lincoln County, Wyoming, the following described real property in the County of Lincoln , State
of Wyoming:
Star Valley Ranch RV Park Plat 1 Lot 333
Mortgagor(s) agree(s) to pay the indebtedness according to the tenns and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life of this mortgage to pay all taxes and assessments against the
premises. IfMortgagor(s) fail(s) to pay such taxes or assessments, Mortgagee may pay the same, and all sums paid by Mortgagee for such
purpose shall be added to and considered as a part of the indebtedness and shall draw interest at the same rate.
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 or under the aforesaid Promissory Note, then the whole indebtedness shall, at Mortgagee's option,
become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement and sale of the premises as
provided by the statutes of the State of Wyoming, or by an action in equity. This will be Mortgagee's sole remedy against Mortgagor(s) in
case of default by Mortgagor(s). Out of the proceeds of any foreclosure the Mortgagee 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, and the same shall be taxed as costs in any equitable action brought to foreclose this mortgage.
To fully assure Mortgagee the benefits ofthe security interest in the premises granted to it hereunder, Mortgagor(s) hereby assign(s) to
Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession thereof with Mortgagor's
consent. If default occurs in any of the covenants and agreements herein contained or under the aforesaid Promissory Note, whether or not
Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize(s) Mortgagee to collect the rents from the
premises and to apply the same to the payments on the indebtedness secured hereby until such default is remedied,
In the event of foreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and enjoyment of the premises
and rents and profits thereof from the time of such default and during the pendency of foreclosure proceedings and period of redemption, if
any. If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate for that purpose. Furthennore, in addition to the remedies
otherwise provided for in this mortgage and by law and as a matter ofright without regard to the solvency or insolvency of Mortgagor(s) ,
the value of the premises or the insufficiency thereof to discharge the indebtedness and costs of foreclosure and sale, Mortgagee shall be
entitled to receive from the premises the rents, issues and profits thereof from the time of default to the expiration of any redemptive period
provided by law. A receiver may be appointed by any court of competent jurisdiction upon ex parte application without notice, notice
being hereby waived and appointment of a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGOR(S) HEREBY RELINQUISH(ES) AND W AIVE(ES) all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this 8th day of July, 2006
RECEIVED 11/27/2006 at 11 :03 AM
RECEIVING # 924753
BOOK: 641 PAGE: 242
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
MORTGAGOR(S):
Ú~
STATE OF WYOMING )
) ss.
COUNTY OF LINCOLN )
On this 8th day of July, 2006 before me personally appeared Ruth Eddin, known to me to be the person(s) described in and
who executed the foregoing instrument, and acknowledged that she executed the same as her free act and deed, including the
release and waiver of the right of homestead.
WITNESS my hand and seal.
My commission expires ~ ~Q j aOoi
JANET BODE - NOTARY PUBLIC
County of State of
Lincoln Wyoming
My Commission Expires July 28, 2007