HomeMy WebLinkAbout876170 WYOMING REAL ESTATE MORTGAGE - REAL ESTATE SECURED COD LOANS
JOHN E. TIBBETTS_AND. MICHELLE M.. TISBETT__S.. , Mortgagors, residing at
1336 EAGLES VIEW DRIVE, LINCOLN COU_NTY, WYOMING
(address) , to secure the
payment of a Real Estate COD Revolving Loan Agreement of even date payable to the order of Wells Fargo Financial
Wyoming, Inc.,Mortgagee, 2441 FOOTHILL 8LVD 8IE 1242, ROCK SPRINGS W , and evidcncing a loan made by Mortgagee
(address) " '
to Mortgagors made in advances in amounts not to exceed $20,000 at the Monthly Percentage Rate shown on the Real
Estate COD Revolving Loan Agreement, said Real Estate COD Revolving Loan Agreement is payable in monthly
installments, and according to thc terms thereof, payment may be made in advance in any amount at any time, and default
in making any monthly payment shall, at the option of the holder of said Real Estate COD Revolving Loan Agreement,
and without notice or demand, render the entire unpaid balance thereof at once due and payable, less any required retired
or credit of charges; hereby mortgages and warrants to Mortgagee the following described real estate:
LOT § OF COMMISSARY RANCH UNIT C-1, LINCOLN COUNTY, ~/YOMING AS
DESCRIBED ON-THE OFFICIAL PLAT THEREOF.
~i ;"} ~ I ? I "lL v
............. ', CLERK
· ' - '"'
situated in .LINgOLN County, State of Wyoming. '
Mortgagors hereby release and waive all rights under and by virtue of the homestead exemption laws of this state.
Mortgagors agree to pay all taxes and assessments on said premises when due and keep buildings thereon insured for
maximum insurable value or such lesser sum authorized by Mortgagee in writing, during the life of this mortgage, with
Mortgagee as loss payee as its interest appears. Mortgagors also agree not to sell or transfer said premises, or any part
thereof, without Mortgagee's prior written consent and any such sale or transfer without Mortgagee's prior written
consent shall constitute a default under the terms hereof.
If default is made in payment of all or part of sums hereby secured, or in any of the covenants or agreements hereof, then
at the Mortgagee's option, the whole indebtedness hereby secured shall become due and payable, and the Mortgagee may
proceed, pursuant to law, to foreclose on and sell said property, and out of the Proceeds of such sale, pay all sums due
hereunder, together with all costs of sale and foreclosure, including reasonable attorney's fees.
Witness Mortgagors' signatures on this j 3TH day of SEPTEMt~ER , ~2001
STATE OF WYOMiNg )
' )SS.
COUNTY OF SW~EETWAT_ER )
The foregoing instrument by .JOHN E. TIBBETTS and MICH_EL.L.E __~._. TI~BBBETTS
was acknowledged before me this _~.31H day of S__EPTEMSER , 200
Witness ~ny ha
Notary Public-
(SEAL) My Commission Expires ~C.~ ~_E:_~, ,300 5
W¥-~8~8-0800
.