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When Recorded Return to:
ARMSTRONG LAW OFFICES, P.C.
50 West 300 South, Suite 150
Salt Lake City, UT 84101
MTC File No. 130260
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RECEIVED 5/22/2007 at 4:40 PM
RECEIVING # 929627
BOOK: 659 PAGE: 73
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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MORTGAGE DEED
KSR 1217, LC mortgagor, of Tooele County, State of Utah, to secure the payment of
$12,551.61, due June 21,2007 with interest thereon (said sum, and the interest thereon, being referred
to as the "indebtedness"), payable in accordance with the provisions of that certain promissory note,
dated May 21, 2007, hereby mortgage and warrant to mortgagee, ARMSTRONG LAW OFFICES,
P.C., of 50 West 300 South, Suite 150, Salt Lake City, UT 84101, the following described real estate,
situated in the County of Lincoln, in the State of Wyoming, to wit:
Begjnning at a point wbich is 47 rods Wesc of the East Quarter Comer of Section 10, Township 35
North, Range 119 West, 6th P.M., Wyoming and ruDIÙng thence West 33 rods; thence North 50 rods;
thence East 33 rods; thence South 50 fods to the point of beginning.
Together with aU water rights, improvements and appurteI1ánces belonging thereunto.
Lincoln County Geo Pin Nos.:
3519·1~1-0~138~O;
3519-10-1-00-138-01; and
3519-10-1~-138-80.
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Mortgagor agrees to pay the indebtedness according to the terms of said promissory note, and,
during the life of this mortgage, to pay all taxes and assessments on the premises and to keep the
improvements thereon insured against fire and other hazards by such insurance as mortgagee may
approve, with the proceeds thereof made payable to mortgagee. If mortgagors fail to pay such taxes or
assessments or fail to keep the premises insured, mortgagee may pay the same and may insure the
premises, and all sums paid by mortgagee for such purposes 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 if default occurs in any of tbe covenants
and agreements bereof, then the whole indebtedness shall, at mortgagee's option. become due and
payable forthwith, and mortgagee may foreclose this morrgage either by advertisement and sale of the
premises as provided by statute, or by an action in equíty, Out of the proceeds of any foreclosure sale,
mortgagee shall retain or receive all swns due [0 it hereunder. and costs of foreclosure and sale,
including attorney fees in an amount equal to ten percent of the indebtedness remaining unpaid at the
time of such sale, the same to be taxed as costs in any equitable action brought to foreclose this
mortgage.
To fully assure mortgagee the benefit of the security interest in the premises granted to it
hereunder, mortgagors 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 covenants and agreements herein contained, whether or not mortgagee elects to
foreclose this mortgage on account thereof, mortgagee shall at once be entitled, and is hereby
authorized, to collect the renrs from the premises and to apply the same to the payment of the
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2648108
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O~296Z'r
indebtedness secured hereby until such default is remedied.
000074
In the event of foreclosure of this mortgage upon default, mortgagee shall be entitled to tbe
possession and enjoyment of the premises and the incident rents, issues, and profits thereof from the
time of such default and for and during the pendency of foreclosure proceedings and the period of
redemption, if any. If mortgagor should fail to sW1"ender such possession to mortgagee promptly upon
its request therefor, mortgagee may compel delivery thereof by an ejectment action or other civil
proceeding appropriate to that purpose. Furthennore, and 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, the value of the premíses, or the sufficiency thereof to discharge the
indebtedness and costs of foreclosure and sale, mortgagee sball be entitled to a receiver for the
premises and the rents, issues and profits thereof from the time of default to the expiry of any
redemptive period provided by law. Such receiver may be appointed by any court of competent
jurisdiction upon ex parte application, without notice, notice being hereby waived and the appointment
of a receiver upon such application being hereby consented to by mortgagor-
Hereby releasing and waiving aU rights under and by virme of the homestead exemption laws of
the State of wyommg-,¡-
Executed on Maæ, 2007.
By:
Kordy
J1þag0
J>
STATE OF t\J0.J lvc(k:L-L{) )
COUNTY OF S~ F-e. ) 55.
The foregoing instrument was acknowledged before me on May ~ ( , 2007 by Kordy Sue
Rainey, Manager of KSR 1217, LC who duly acknowledged to me that said instrument was executed.
by authority_
Witness my hand and official seal.
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