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000336
MORTGAGE
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Terry B. Bessinger and John Brent Bessinger, 1042 E. Fort Union Boulevard
#476, Mldvale, UT 84047-1800, (hereinafter cQllectlvely "MORTGAGOR''), to
secure the payment of Nineteen Thousand and No/lOa ($19,000.00), with
interest thereon, as provided In and evidenced by a promissory note of even date
herewith (with the ultimate maturity date of which is September 10, 2012) and
all renewals, modifications and extensions thereof, do hereby mortgage. to Ruth
Eddins, PO Box 3707, Idaho Falls, ID 83403, (hereinafter collectively
"MORTGAGEE") the following described real property, situate In the County of
Uncoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws of the State of Wyoming, to-wit:
Lot 333 of Star Valley Ranch'RV Park Plat 1, ,Uncoln County, Wyoming as
described on the official plat thereof
Together with all and singular the Improvements thereon or thereunto
appertaining
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 In the event MORTGAGOR falls to pay such taxes and
assessments, as herein provided, MORTGAGEE may pay such taxes and
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assessments, and all sums so p~id shall be added to and considered a part of the
indebtedness hereby secured and shall draw Interest at the same rate.
In case default shall 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
and Interest, when the same shall become due; or in case default shall be made
In any of the covenants and agreements thereof, which default Is not cured
within ninety (90) days after notice thereof is given by MORTGAGEE, or In the
event MORTGAGOR sells or conveys the 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 the MORTGAGEE, and
MORTGAGEE'S legal representatives and assigns, may proceed by advertisement
and sale and/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. If the proceeds of the foreclosure 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 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 MORTGAGOR only.
THE PROPERTY IS NOT AGRICULTURAL PROPERTY AS DEFINED IN WYO.
STAT. 55 1-18-103.
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WITNESS QIg hand this J!:L day of September, 2007.
c:&~~: RECEIVED 9/2512007 at 4:57 PM
."p.. RECEIVING# 933439
BOOK: 673 PAGE: 336
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
J
State of (,{;t"A11 )
County of ~î' I ¡f1..IL.G )
)ss
The foregoing instrument was acknowledged before me, a notary public in
and !~r, said County and State, by Terry B. Bessinger and John Brent Bessinger,
this ~ day of September, 2007.
My Commission Expires: .
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JANETY. DAYBELL
NOTARY PUBUC -STATE OF U1'AH
6305 Mt VISTA DR.
WEST JORDAN UT 84084
,""vComm. Ex .10(17/2010
000337
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