HomeMy WebLinkAbout931182
..)~1I.d~ ~Slr.~
'1\. \.)'a.f' ~~ 11:;)
CORRECTIVE
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Norma Moore, James L. Moore and Deanna Theobald , Mortgagor(s), of Lincoln County,
State of Wvomine:', to secure payment of nineteen thousand seven hundred sixty dollars and no/IOO Dollars ($
19,760.00 ), due Januarv ¡at , 2016 , with interest from September 27th, 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 two
hundred sixty-one dollars and 13/100 Dollars ($ 261.13 ) each, including interest, commencing on the lit day
of Februarv, 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 following described real
property in the County of Lincoln, State of Wyoming:
Lot 555 of Star Valley Ranch RV Park Plat 2 Stage 2
This mortgage is being recorded to correct the legal description on the mortgage previously recorded on 11/08/06
at Page 649 of Book 639.
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, then the whole indebtedness shall, at Mortgagee's qption,
become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement and sale of the premises as
provided by the statutes ófthe State of Wyoming, or by an action in equity. This will, b¢ Mortgagee's sole remedy against Mortgagor(s)
in case of default by Mortgagor(s). Out ofthe 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 mortgage.
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 elects to foreclose 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 of foreclosure 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 of redemption,
if any. IfMortgagor(s) shall fail to sUlTender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate for that pwpose. 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 ofMortgagor(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 RELINQUISH_AND WAIVE_all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this _I Ll ~
day of
J LV\A..Jl
,2007.
RECEIVED 7/11/2007 at 2:00 PM
RECEIVING # 931182
BOOK: 665 PAGE: 356
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
MORTGAGORS:
)
) ss.
)
On this IL/'µ'dayof d L0lA..J ,2007, before me personally appeared Norma Moore ,D~anna
Theobald and James L. Moore , known to me to be 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.
LlJtyJ~t11 ~
( ) IA C/) r lA--
~ a / Jnð-z{0 £? /
.....,...~... ...\ '71-'--'"
,.' ) t/ ----...- . ,
~._.._._~.. . . . - ~. ,." / I
{ __/t.?t::2,.z././ÞL-G-" C . "~ 1.Æ..;Öhc/ E-"~/
~~óJ-.----
; ,~ ,.; .
NANCY J. BROWN - NOTARY PUBLIC
C3~~6l~F. ~cJ~I~~ .
MY COMMISSION EXPI~ES 0 S(OOIO
My commission expires
(0