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MORTGAGE
Sherri Lynn McClintock and Kit R. Long, as Joint Tenants, of PO Box 223 Afton,
WY 83110, (herein collectively called 'MORTGAGOR"), to secure the payment of
$28,500.00, with interest thereon, as provided in and evidenced by a promissory note of
even date herewith (the ultimate maturity date of which is ) and all renewals,
modification and extensions thereof, do hereby mortgage unto Frank E. Magee III and
Helen Magee of P.O. Box 826, Aftion, Wyoming 83110 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:
That part ofthe SE1I4SE1I4 of Section 16, Township 32 North Range 119 West of the
6th P.M., Lincoln County, Wyoming being part of that tract of record in the Office of
the Clerk of Lincoln County in Book 379PR on page 282, and all of that tract of record
in Book 387PR on page 46 described as follows:
Beginning at the Northwest corner of said SE1I4SE1I4, within the bounds of Wyoming
State Highway 238 and running thence North 89°30'19" East, 552.18 feet, along the
North line of said SE1!4SE1I4, to a point;
thence South 00°02'29" West, 193.62 feet, along an existing fence line, in part, to a
point;
thence South 88°43'53" West, 551.87 feet to a point on the West line of said
SE1I4SE1I4, within the bounds of said Highway 238;
thence North 00°04'57" West, 201.07 feet, along said West line, to the CORNER OF
BEGINNING.
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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 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 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 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 thereof, 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 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 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 enjoyment
of the Property, and to 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 MORTGAGOR only.
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RECEIVED 12/29/2006 at 2:51 PM
RECEIVING # 925715
BOOK: 645 PAGE: 181
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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Witness our hands this L day of
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Sherri Lynn Me hntoek
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State of 'Lû"'iO
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The for~oing. instrument was ackno~ore me this l {- day of ~
by ~JI.,tIlAÂ.. ~ ~ ~Þoër .
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Witness my hand and official seal
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Not ublic:
My nnmSSlon exptres:
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JILL H. LARSON -NO-fA
COUHrv OF STATE OF
UNCOlN \WOMINO
MY COMMISSION EXPIRES JUNE 20 2007
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