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MORTGAGE
David McKay Teichert, of 365 Taylor Lane Co keville, WY 83114, (herein collectively
called 'MORTGAGOR"), to secure the payment of $60,000.00, with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate
maturity date of which is Apri112, 2012) and all renewals, modification and extensions
thereof, do hereby mortgage unto Darren Bideaux of 4187 S. 4100 W. West Haven, UT
84401 (herein 'called "MORTGAGEE"), the following described real property, situate in
the County of Lincoln, State ofWY, hereby releasing and waiving all rights Wlder and by
virtue, of the homestead exemption laws of the State of Wyoming, to-wit:
Lots 9, 10, 11, 12 and 13 of Taylor 2nd Subdivision, Lincoln County, WyomiDg as
described on the offidalplat filed on September 6,1978 as instrument No. 513535 of the
records of the Lincoln County Clerk.
ALSO
Lots 21 and 22 of Taylor 3n1 Subdivision, Lincoln County, Wyoming as described on the
ot1lcial plat filed on January 18, 1979 as instrument No. 518798 of the records of the
Lincoln County Clerk.
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 fJre 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 tt0111 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 S'uch 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 shan 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 thf! 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. lfthe 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.
Witness our hands this day ofApri~2007,
~;~?
David . cKay Teichert
RECEIVED 4/12/2007 at 12:41 PM
RECEIVING # 928356
BOOK: 654 PAGE: 276
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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~M(1L:1~~~~daYofAPril, 2007, by
8HEUEf IWÐ.tu. . NOTARY PI8Jc
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Notary PublIc:
My commission expires: Od b 2r ðPf 1'0