HomeMy WebLinkAbout927338
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RECEIVED 3/5/2007 at 2:24 PM
RECEIVING # 927338
BOOK: 650 PAGE: 176
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000176
MORTGAGE
Stanley Snyder, of 25334 Oak Street Lomíta, CA 90717, (herein collectiyely called
'MORTGAGOR"), to secure the payment of$lOO,OOO,OO, with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate
matwity dflte of which is March I, 2037) and all renewals, modification and extensions
thereof, do hereby mortgage unto Craig Wdght of377 Madison StAfton, WY 83110
(herein called "MORTGAGEE"), the following described real property, situate in the
County of Lincoln, State ofWY, hereby releasing and waiving aU rights llnder and by
virtue of the homestead exemption Jaws of the State of Wyoming, to-wit:
Beginning Qt. a point wflich is 14 rod. South from the NW Corner IIf SectiOD 31,
Township 32 North RaRge ItS West 6· P.M. Wyoming, and running thance EaBt 1i9
rods. to the corner of the tract hereby conveyed;
thence Soutb 20 rods;
thence East 5 rods;
thence Nortb 20 rods;
thence West 5 rods, to corner #1 the placeofbcglllDing.
LESS AND EXCEPT the lond delcribed Io. Warranty Deed recorded May '10, 1991 tn.
Book 296PR on pogc 373 ofthe records oHhe Lincoln Co.nty <'1erk.
MORTGAGOR agrees 10 pay the indebtedness bereby secured; to pay all taxes.
a.ssessments and charges levied against the property, lIB the same become due and
payable; to secure. ma.intain and furnish MORTGAGEE evidence thereof, insurance with
an insuxsnce cWTier or caniers acceptable to MORTGAGEE, covering the insurance
improvements on the Property against loss by fire and earthquakes, with extended
coverage, in an amoWlt not less than the W1paid balance ofthe debt hereby secured, or the
io.surable value (replacement cost) of'iuch improvements, whichever is less, wmch
insurance shall contain an appropriate loss payable provis.ion protecting MORTGAGOR
and MORTGAGEE as their respective interests may appear from time to time. In the
event MORTGAGOR fails to pay such taxes or asscssments, or fails to keep and
maintain such insuranoe as herein provided, MORTGAGEE may pay such taxes and
assessments and may secure and pay for such insurance, and all sums 50 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 mall 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 obtaíned, then the whole indebtcdnÅ“¡ hereby secured, with
interest thereon, shall become due and payable, a.t 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 pa.y 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 forecJosure
costs, MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of forec]osure 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 accnIing of any such rights
and during the pendency of the foreclosure proceedings. and the period ofredempûon, if
any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by, tbrough or W1der
the MORTGAGOR only.
Witness our hands this ~ day 0
/
_J 2007,
1l/91 'd 9al ON
AAOJ~33 pue 81\!1 B~UP.! I IV
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0927338
000177
Slate OfCFu, fQ::¡")i 1,,\ )
)18,
County ofLcsAr'fk".q
The foregOing ID8trument WAS acknowledged before me thJs-~ day of ~fi! uftf. \. I . 2007.
by Stanley Snyder.
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C. FONTES
COMM.# 1616831 ,^
NOTARY PUBLIC· CALIFORNIA ~
Los ANGELES COUNTY ...
MY COMM, Exp, Nov, 5. 2009
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