HomeMy WebLinkAbout924869
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000617
MORTGAGE
Frederick Nelson Semmens, of 5957 Veeder Rd Slìngerlands. NY 12159, (herein
collectively called 'MORTGAGOR'~, to secure the payment of $44,000.00, with interest
thereon. as provided in and evidenced by a promíB8ory note of even date herewith (the
ultunate maturity date of which is November 22, 2011) and all renewals, modification
and extensions thereof, do hereby mortgage unto Freedom Investments, L.L.C. ofP,O.
Box 1616 Afton, WY 83110 (herem called ''MORTGAGEE''), the following described
real property, situate in the County of Lmcoln. State ofWY, hereby releasing and
waiving all rights under and by virtue of the homestead exemption laws of the State of
Wyoming, to-wit:
Lot' of Star vaUey Ranch Plat :U, LiucoJu Couaty, Wyoming III described on the
omdal plat filed OR October 22. 1'8:1 as Instrument No. 586332 of the records of the
Liacoln Couuty 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, maíntain and furnish MORTGAGEE evidence thereo~ insurance with
an insurance carrier or carriers acceptable to MORTGAGEE, covering the insurance
unprovements on the Property against loss by fire and earthquakes, with extended
coverage, in an amount not less than the tmpaid balance of the debt bereby secured, or the
msurab1e value (replacement cost) of such improvements, whichever is less, which
insurance sball contain an appropriate loss payable provision protecbng 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
mamtain 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 mdebtednesø hereby secured and shall draw interest
at the same rate.
In case default shall 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
shall become due; or in case of default shall be made in any of the covenants and
agreements thereo~ or in the 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 legal representatives and assigns, may proceed by advertisement and
sale/or as otherwise authonzed 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 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 once become entitled to exclusive possession, use and ~oyment
of the Property, and to all rents. issues and profits from the accroing 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,
ovcmber,20 06,
Slafeof Wyþ",;,,~)
'. )...
County of l.., n c,, t} )
RECEIVED 11/29/2006 at 12:24 PM
RECEIVING # 924869
BOOK: 641 PAGE: 617
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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, rx:1 000618
The f'oregomg mslromcnt W88 acknowledged before me thIS ~ day of November, 2006, by
Frederick NeJson SemmcJ]S,
& ........... ""
Notary Pubhc'
My commISSIOn CXPm:l
I.:J J Iq/ eJCJ¡
ANN M, ROMMI
No.01R08131311
Notary fIubIic, State of New """
Qualified In Albany County ÌIIÎ
My Commission Expires Dec. 19, 2O--'l:1