HomeMy WebLinkAbout933638
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Name:
Address:
Ardent Investments, LLC
P.O. Box 1683
Idaho Falls, ID 83403
RECEIVED 10/2/2007 at 8:22 AM
RECEIVING # 933638
BOOK: 674 PAGE: 131
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
WHEN RECORDED RETURN TO:
000131
MORTGAGE
JOE MERRITT and KELLEE MERRITT, husband and wife, Mortgagor of, County of Lincoln, State of
Wyoming, hereby mortgage to ARDENT PROPERTIES, LLC, an Idaho limited liability company,
Mortgagee of P.O. Box 1683 Idaho Falls, ID 83403 for the sum of One Hundred Seventy Five Thousand dollars
and Zero cents ($175,000.00) the following described tract of land in Lincoln County, State of Wyoming, hereby
releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit:
That parcel begiIming at the Northeast comer of Lot 1, BLOCK 4, AFTON TOWNS ITE, Afton,
Lincoln County, Wyoming and running thence Southerly along the East line of Lot 1, 165 feet;
thence Westerly parallel to the North line of Lot 1,50 feet;
thence Northerly parallel to the East line of Lot 1, 165 feet;
thence Easterly along the North line of Lot 1,50 feet to the POINT OF BEGINNING;
together with all appurtenants, improvements and water rights thereon.
See "Exhibit A" attached hereto
This mortgage is given to secure the following indebtedness: one note of even date herewith for $175,000.00 made
payable at the times and place and at the rate specified in the note
This mortgage is intended to cover the rents and profits of said property, and consent is hereby given after default, for the
appointment of a receiver by any competent court and the receiver is hereby authorized to rent the said property and apply the
proceeds on this obligation.
The Mortgagors agree to keep the buildings now on said premises or hereafter erected thereon fully insured against loss by fire
in some fire insurance company approved by the mortgagee, with loss, if any payable to mortgagee, during the life of this
mortgage.
The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on
water rights or shares of stock used in connection herewith, or held as collateral with the above note; also any tax that may be
assessed by reason of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the
commencement of any legal proceedings for foreclosure ofthe same, and said attomey's fees shall be added to the amount due on
this mortgage, and made a lien on the premises described herein. In case of default in the payment of any sum covenanted to be
paid, either the principal or interest when the same shall become due and payable, or in case of default in the performance of any
covenant herein contained, the whole amount of this indebtedness secured herein may be immediately declared due and payable,
and to bear interest at the rate of 10 percent per annum fì:om the date of such default, and this, mortgage foreclosed at the option
of the legal holder. In the event of default, MOltgagors grant to Mortgagees a Power of Sale to foreclose on and sell said
property as public auction pursuant to 34-4-101 et seq. Wyo. Stat., 1977, or its successor.
Signed in the presence of
/1
WITN~~.¿the~and :f~a7i
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ortgogo" this 7 day of sep:~; , ____'tff
-', ~~71£m-
STATE OF WYOMIN )
) ss.
COUNTY OF LINCO N )
On this ;;. 1- ~ d y of September, 2007, personally appeared before me, JOE MERRITT and KELLEE
MERRITT who ackno ledged to me that he/she/they executed the same.
Witness my hand and of ¡cial seal.
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Notary Public: þcc¡r . ().J'-1/Ie.-
My commission expires /0/ ç /'UJoc¿.
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. K/\. R. EN'T. WYUE .:N. OTARY PUBLIC ~
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Land Title Company File Number: 6161]
Mortgage - Buyer Ind
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