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HomeMy WebLinkAbout925299 &1 \(¡; /5 v NTL-STAR ONE When recorded mail to: STAR ONE, LLC 140 NORTH 100 WEST PRESTON, ill 83263 000315 RECEIVED 12/13/2006 at 4:37 PM RECEIVING # 925299 . 643 PAGE: 315 BOOK: ER JEANNE WAGN TV CLERK, KEMMERER. wY LINCOLN COUN REAL ESTATE MORTGAGE FOR VALUE RECEIVED, WINDMILL WYO, LLC, the "Mortgagors", do hereby grant, bargain, sell and convey unto STAR ONE, LLC, collectively the "Mortgagees", the following described premises, in Lincoln County, Wyoming: See Attached Exhibit for legal descriptions, which by this reference is made a part hereof. TO HA VE AND TO HOLD the said premises, with their appurtenances, unto the said Mortgagees, their heirs and assigns forever. This conveyance is intended as a mortgage to secure the Promissory Note dated October 25,2006, in the amount of $60,000.00, plus interest payable to the Mortgagee, with final payment due NOVEMBER 27, 2008, and providing for acceleration of the due date of the principal for default in the payment of interest or any installment of principal, and providing for a reasonable attorney's fee in case of suit of action. The Mortgagors covenant and agree with the Mortgagees as follows: That they are the owners in fee simple of the above described premises and that they are free from all encumbrances except as provided on the conveyance deed to them, and except this Mortgage. That they will pay the indebtedness hereby secured promptly, according to the terms of said Promissory Note. That they will pay all taxes, liens and assessments of any nature hereafter levied or imposed, or becoming payable, upon said premises not later than the twentieth day before delinquency. . If the Mortgagors shall fail to pay any such tax or lien, the Mortgagees may pay the same, and all payments by the Mortgagees for any such purpose shall be added to the indebtedness hereby secured, and shall be repabyable on demand, with interest at the rate of eighteen percent (18%) per annum until paid. For the purpose of further securing said indebtedness and performance of the convenants herein contained, the Mortgagors hereby sell and assign to the Mortgagees any and all rentals accruing, or to accrue on said premises, during the life of this Mortgage. If the said Mortgagors shall payor cause to be paid all moneys which may become due upon said Promissory Note and shall otherwise comply with the terms and conditions hereof, this conveyance shall be void; but in case default shall be made in the payment of the indebtness hereby herein contained, then the Mortgagees or thg¡~'~i ~~~ir option may declare the entire indebtedness hereby secured immediately due and payable, .31l anCt'fô'rëërCfse ~S'M:ortgage and cause said mortgaged premises to be sold in the manner profM'àrbr~and fJ out of the moneys arising from such sale retain principal and interest together with any sums advanced as provided herein, with interest as aforesaid, together with the costs and charges of such foreclosure suit and sale, including such sums as the court may adjudge reasonable as an attorney's fee to be allowed the plaintiff, and the overplus, if any there be, pay over to the Mortgagors, their heirs and assigns. Dated this October 25, 2006. ~~ W~Ö: ~ BY JERRE TEWS, MEMBERlMANAGER W JON GREGORY, MEMBERlMANAGER State of ::¡:(J~O ) County o~fI\.lchJ,;ss ~.~ On OGtöbGl 25,2006, personally appeared before me JERRE TEWS AND JON GREGORY, MEMBER/MANAGERS OF WINDMILL WYO, LLC the signers of the within instrument, who duly acknowledged to me that they executed the same with full authority of said limited liability company. ~~~</ ~~~ tary Public / \, " " , - ~;din~c.~~:J:Þ ,,"',.'CE ¡~"" ExpI'res' ~ (}.ð I ........' ~t'........... If.,_............ . -( a ., ....... '''L. .... .... .' ""0'" '. 7Þ .... .. .. "" '''''~'. ~ ... ::::, 7J.. .~ ~ ~ - . ~ .... -. .~.- = ~ A ¡ = ~ (~..... ùSLlC ./ ~ ~ ..,~ .... .... ~ ",., ~ ......... 0 " //1 Of: 'D~~ \" 11''''''1'\\\ . ' ~25299 Crank Companiesl ·Incorporated . Consulting Engineering & '''' ""', - Land Surveying Oivision!¡: 47 US'3D/789, Oiamondvil/e, Wyoming 83776 . Fax (307) 877-635r-"-- - .... P.O. Box 365, Oiamondville, W)'oming 831.16 . Phone (301):811-9091' '~',<..,'~ :o.:.~:::.';.": 000317 Golich Retained Parcel ... ... .- " . 'Corrective Legal Description Corrective Legal Description pfGolich Parcel as identified as exception 'parcel Tract] of Warranty Deed to the Kemnwrer Co,¡\ Company as recorded in the Lincoln, ('OUIllY Clerk's office on file in boo~{gIl7 PR on.page 261.. and being p.art.of¡Tra,ct.55 orthe Resurvey ofT, 21 N., R. 116 W., of the '61h P.M" City of Kel11hlJ¡'Ú~ Lincol~"Collnty, Wyoming-~nd being more particularly described as follows: Beginning at corner number one of Tract 55 of the Resurvey ofT. 21 N" R. 116 W, of the 61h P.M. where is found a standard U.S.G.L.Q, brass cap'; thence N 89°55'34"W (N 89°48'52"W record) along the north boundary line of Tract 55,1598.83 feet to the northwest comer of Lot 7 of Section 14 of said T. 21 N., R. 116 W. where is found a standard U,S.G.L.O. brass cap stamped" N 1/1 6, TR 55, S 14, , 1925"; Thence N 890 55'40"W along the north boundary line of said Tract 55 a distance of 57.15 feet to a point where is found a rcbar with aluminum cap. Said point being S 89°55'40"E, 979.96 feet from corner #4 of saId Tract 55. Thence S 0004'45"W, 1316.29 feet (S 0°11 '24"W, 1313.35 feet record) to a point on the south boundary of said Tract 55 where is found a rebar with aluminum cap set this survey. Said point being S' 89°49'55"E, 979.01 feet from corner #3 of said Tract 55. Thence S 890 49'55"E along the south boundary of said Tract 55 a distance of57.34 feet to the southwest corner of Lot 10 of said Section 14 where is found a standard U.S.G.L.O. brass cap stamped "s 1116, TR 55, 1925," Thence S 89° 57'45"E (S 890 39'46"E record), 278.68 feet along the southerly boundary of said Tract 55 to comer #4 of Tract 53 of the resurvey ofT. 21 N., R, 116 W. where is found a standard u.s.a.L.G. brass cap; Thence S 89°51 '27"E (S 890 39' 46"E record) 1319.14 feet along the southerly boundary line of said Tract 55 to comer #2 of said Tract 55 where is found a standard U.S.G.L.O, brass cap; Thence N 0° 06' 53"E, 1317.79 feet (N 0° 13' 38"E, 1317.73 feet record) to the point of beginning. .r Said parcel contains 50.1 acres more or less. .....