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MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Richard Hensel and Carolyn L. Hensel, Mortgagor(s), of Clay County, State of Florida, to secure payment of sixteen
thousand two hundred and no/l00 Dollars ($16,200.00) due April 1, 2017, with interest from March 15,2007, at the rate of
ten per cent per annwn payable monthly, evidenced by Promissory Note of even date herewith, in monthly installments of two
hundred fourteen and 8/100 Dollars ($214.08) each, including interest, commencing on the 1"' day of May, 2007 and
continuing on the same day of each month thereafter, do(es) hereby mortgage and warrant to LEISURE V ALLEY, INC., a
Nevada Corporation, Mortgagee, of Lincoln County, Wyoming, the following described real property in the County of
Lincoln, State of Wyoming:
Star VaDey Ranch RV Park Plat 2 (Stage 2) Lot 529
Mortgagor(s) agree(s) 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(s) 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 option, become
due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement and sale of the premises as provided by the
statutes of the State of Wyoming, or by an action in equity. This will be Mortgagee=s sole remedy against Mortgagor(s) in case of default
by Mortgagor(s). Out of the proceeds of any foreclosure the Mortgagee shall retain or receive all sums due to it hereunder and costs of
foreclosure 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(s) 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 or under the aforesaid Promissory Note, whether or not
Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize(s) Mortgagee to collect the rents &om the
premises and to apply the same to the payments on the indebtedness secured hereby until such default is remedied.
In the event offoreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and enjoyment of the premises and
rents and profits thereof &om the time of such default and during the pendency of foreclosure proceedings and period of redemption, if any.
If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel delivery
thereof by ejectment action or other civil proceedings appropriate for that purpose. 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 of Mortgagor(s), 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 fÌ'om the premises the rents, issues and profits thereof &om 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).
MORTGAGOR(S) HEREBY RELINQUlSH(ES) AND W AIVE(ES) all rights under and by virtue of the homestead
exemption laws of the State of Wyoming. ÐrI
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Dated tbis e/1't'O . day of~, 2007
RECEIVED 8/27/2007 at 4:00 PM
RECEIVING # 932530
BOOK: 670 PAGE: 178
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
ÆORTGAGOR(S):
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STATE OF le~lr-)
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COUNTY OF (!i).I..k':....) ss.
MAIL
On tbis ;<'0 t:fb. day ofMaPefto; 2007 before me personally appeared Richard Hensel and Carolyn L. Hensel, known
to me to be the person(s) described in and who executed the foregoing instrument, and acknowledged that they executed the
same as their free act and deed, including the release and waiver of the right of homestead.
WI1NESS my hand and seal.
Âm~r~œre
My commission expires Ð~-Ð~ -?o ( 0
. DOLORES S. RIDDLE
'" NOTARY PUBLIC
.. ~ STATE OF NEVADA
. * APPt NO. 06-105309-1
MY APPT. EXPIRES APRIL 4,2010