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0007Gj.
CORRECTIVE
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Richard D. Knisley and Rosanna Knisley. Mortgagor(s), of Teton County, State of
Wyomine: , to secure payment of Twenty-six thousand one hundred and no/l00 Dollars
($ 26.100.00 ), due Sevtember 1. 2015 ,with interest from Aue:ust 27.2005 at the rate of 10 (ten) per cent per
annum payable monthly, evidenced by Promissory Note of even date herewith, in monthly installments of Three hundred
forty-four dollars and 91/100 Dollars ($ 344.91 ) each, including interest, commencing on the 1'( day of_
October , 2005, 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 folIowing described real
property in the County of Lincoln, State of Wyoming:
Star Valley Ranch RV Park Plat 2 Stage 2 Lot 557
This document corrects the legal description ofthe mortgage recorded 11-8-2006 at Book 639 Page 666
Mortgagor(s) agree_ to pay the indebtedness according to the terms 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. If Mortgagor(s) fail_ 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, th~n 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. Th,s 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 offoreclosure 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 mortga,ge.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s) hereby assign__
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 the covenants and agreements herein contained or under the aforesaid Promissory Note, whether
or not Mortgagee eJects to f(¡recIose this mortgage on account thereof, Mortgagor(s) hereby authorize_ 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 offorec1osure 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 ofredemption,
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. Furthermore, in addition to the remedies
otherwise provided for in this mortgage and by law and as a matter of right without regard to the solvency or insolvency of Mortgagor(s),
or 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).
MORTGAGORS(S) HEREBY RELINQUlSH____ AND WAIVE.___all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this ~ 0 day of._.J J4 IL!.__________, 2006.
~~
-//~~~-
STATE OF WYOMING )
) ss.
COUNTY OF LINCOLN )
On this3º-day of ~~.__, 20~, before me personally appeared Richard D. Knisley and _
Rosanna Knisley known to me. tVbe the person(s) described in and who executed the foregoing instrument, and
acknowledged that ~ executed the same as their free act and deed, including the release and waiver of the right of
homestead.
My commission expires
I· J). 10
~ T e..tð Yì CLrId W
PUBLIC in and for said County and State ...J
WITNESS my hand and seal.
RECEIVED 2/27/2007 at 4:39 PM
RECEIVING # 927092
BOOK: 649 PAGE: 761
JEANNE WAGNER
LINCOLN Y CLERK, KEMMERER, WY
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