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HomeMy WebLinkAbout932060 NTL-1365 When recorded mail to: RA YMUNDO DAVILA P.O. BOX 1556 AFTON, WY 83110 REAL ESTATE MORTGAGE FOR V ALUE RECEIVED, ALFONSO CENTENO, the "Mortgagors", do hereby grant, bargain, sell and convey unto RECEIVED 8/10/2007 at 4:27 PM RECEIVING # 932060 BOOK: 668 PAGE: 542 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY RA YMUNDO DAVILA, collectively the "Mortgagees", the following described premises, in Lincoln County, Wyoming: See Attached Exhibit "A" 4 l c( TO HAVE AND TO HOLD the said premises, with their appurtenances, unto the said Mortgagees, their heirs and assigns forever. This conveyance is intended as a mortgage to secure the Promissory Note dated July 31,2007, in the amount of 55,000.00, plus interest payable to the Mortgagee, with final payment due JULY 31, 2008, and providing for acceleration of the due date of the principal for default in the payment of interest or any installment of principal, and providing for a reasonable attorney's fee in case of suit of action. The Mortgagors covenant and agree with the Mortgagees as follows: That they are the owners in fee simple of the above described premises and that they are free from all encumbrances except as provided on the conveyance deed to them, and except this Mortgage. That they will pay the indebtedness hereby secured promptly, according to the terms of said Promissory Note. That they will pay all taxes, liens and assessments of any nature hereafter levied or imposed, or becoming payable, upon said premises not later than the twentieth day before delinquency. If the Mortgagors shall fail to pay any such tax or lien, the Mortgagees may pay the same, and all payments by the Mortgagees for any such purpose shall be added to the indebtedness hereby secured, and shall be repayable on demand, with interest at the rate of eighteen percent (18%) per annum until paid. For the purpose of further securing said indebtedness and performance of the convenants herein contained, the Mortgagors hereby sell and assign to the Mortgagees any and all rentals accruing, or to accrue on said premises, during the life of this Mortgage. If the said Mortgagors shall payor cause to be paid all moneys which may become due upon said Promissory Note and shall otherwise comply with the terms and conditions hereof, this conveyance shall be void; but in case default shall be made in the payment of the indebtness hereby herein contained, then the Mortgagees or their assigns, at their option may declare the entire indebtedness hereby secured immediately due and payable, and foreclose this Mortgage and cause said mortgaged premises to be sold in the manner provided by law, and out of the moneys arising from such sale retain principal and interest together with any sums advanced as provided herein, with interest as aforesaid, together with the costs and charges of such foreclosure suit and sale, including such sums as the court may adjudge reasonable as an attorney's fee to be allowed the plaintiff, and the overplus, if any there be, pay over to the Mortgagors, their heirs and assigns. Dated this July 31, 2007. .4/;; /(9!) (! ~/tf&¿;J ALFONSO CENTENO State of Wyoming ) County of Lincoln) :ss On July 31, 2007, personally appeared before me ALFONSO CENTENO, signers of the within instrument, who duly acknowledged to me that they executed the same. ~ ~~,~ Not PublIc Resi.ding: W~ O""'~l'\," ExpIres: lR. .;;}~. dO~ Dvonna Parker· Notary Public County 0' . State of Uncoln Wyoming My COIMIIIaIon June 29. 2011 ORDER NUMBER: NTL-1365 EXHIBIT "A" PART OF LOT 4 BLOCK 19 OF THE TOWN OF AFTON, LINCOLN COUNTY, WYOMING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 000543 BEGINNING 110 FEET SOUTH OF THE NORTHEAST CORNER OF SAID LOT 4 AND RUNNING THENCE SOUTH 25 FEET; THENCE WEST 141 FEET; THENCE NORTH 25 FEET; THENCE EAST 141 FEET TO THE POINT OF BEGINNING. ALSO AN UNDIVIDED ONE-HALF INTEREST IN AND TO THE FOLLOWING DESCRIBED TRACT OF LAND, THE SAME BEING THE WHOLE AND ENTIRE INTEREST THEREIN OF THE GRANTORS, THE SAME BEING A CEMENT PARTY-WALL: BEGINNING AT A POINT WHICH IS 135 FEET SOUTH FROM THE NORTHEAST CORNER OF SAID LOT 4 AND RUNNING THENCE SOUTH 1 FOOT; THENCE WEST 100 FEET; THENCE NORTH 1 FOOT; THENCE EAST 100 FEET TO THE POINT OF BEGINNING. THE INTENT HEREIN IS TO CONVEY AND TRANSFER TO THE GRANTEE THE GRANTOR'S ONE HALF INTEREST IN THE NORTH WALL OF THE BUILDING KNOWN AS THE STADTMUELLER BUILDING. 4c.rq