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MORTGAGE
000423
Irwin Richardson and Cindy Richardson~ a Married Couple (hereinafter "MORTGAGOR"), to
secure the payment of Thirteen Thousand DoUars,($13,OOO.OO), as provided in and evidenced
by a promissory note of even date herewith (the ultimate maturity date of which is the 31st day
of October, 2012) and all renewals, modifications and extensions thereof, does hereby mortgage
unto Carl J. Winters and Peggy Winters of Pinedale P.O. Box 548 WY 82941. (Hereinafter
"MORTGAGEE") the following described real property situated at Lot 80 Unit C-2 Commissary
Ranch. in the County of Lincoln, 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 80,Unit C-2, Commissary Ranch Subdivision. Lincoln County, Wyoming as
described on the official plat thereof, together with all buildings, improvements, and
appurtenances thereon situate or in anywise appertaining thereto.
Subject, however, to all restrictions, reservations, easements and right-of-ways of record
of sight or in use.
l{
MORTGAGOR a.grees to pay the indebtedness hereby secured; to pay all taxes, assessments and
charges levied against the property, as the same becomes due and payable. In the event
MORTGAGOR fails to pay such taxes and assessments, MORTGAGEE may pay such taxes
and assessments and may secure and pay for such insurance and all sums so paid shall be added
to and considered a part of the indebtedness hereby secured and shall draw interest at the same
rate.
MORTGAGEE agrees to allow MORTGAGOR to payoff all principal and accrued interest at
any time with no prepayment penalty.
IN case default shall be made in the payment of the above sums hereby secured, or in payment of
the interest thereon, or any part of principal or 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 thirty (30) 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
prior written consent of the mortgagee first had obtained, then the whole indebtedness hereby
secured, with interest thereon, shall become due and payable, at the option of 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
cost of sale, including reasonable attorney's fees. If the proceeds of the foreclosure sale are
insufficient to pay the indebtedness hereby secured and foreclosure cost, MORTGAGEE shall be
entitled to a deficiency judgement.
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 right and during the pendency of the
foreclosure proceedings, and the period of redemption, if any there be.
Any award of damages in connection with any condemnation for public use Qf or injury to said
property or any part thereof is hereby assigned and shall be paid to Mortgagee who apply or
release such moneys received by them in the same manner and with the same effect as above
provided for the disposition of proceeds of fire or other insurance.
By accepting payment of any sum secured hereby after its due date, Mortgagee does not waive
their right either to require prompt payment when due of all other sums so secured or to declare
default for failure to pay.
As additional security, Mortgagor hereby gives to and confers upon Mortgagee the right, power
and authority, during the continuance of the Trusts, to collect the rents, issue and profits of said
property, reserving unto Mortgagee the right, in the event of default by the Mortgagor in
payment of any indebtedness secured hereby or in performance of any agreement hereunder, to
RECEIVED 11/21/2007 at 12:42 PM
RECEIVING # 935084
BOOK: 679 PAGE: 423
JEANNE WAGNER
1 11\1f"'f'"\1 1\1 f"'f'"\1 II\ITV (". ~CL( L(~I\JlI\I1i=kli=R '^N
000424
collect and retain such rents, issues and profits as they become due and payable. Upon any such
default, Mortgagee may at any time without notice, either in person, by agent, or by a receiver to
be appointed by a court, and without regard to the adequacy of any security for the iridebtedness
hereby secure, enter upon and take possession of said property or any part of said property or any
part thereof, in his own name, sue for or otherwise collect such rents, issues and profits,
including those past due and unpaid, and apply the same, less costs and expenses of operation
and collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and
in such order as Mortgagee may determine. The entering upon and taking possession of said
property, the collection of such rents, issue and profits and the application thereof as aforesaid,
shall not cure or waive any default or notice of default hereunder or invalidate any act done
pursuant to such notice.
MORTGAGOR warrants title to the Property as to parties clarning, by through of under
Mortgagor only.
Witness my hand this ,20
day ofpEPT ~¡, 2007.
~~
~Ri~
Irwin Richardson
State of Wyoming)
) ss.
County of Lincoln)
The fure~ing instrument was acknowledged befure me byJnv¡;n k)rÀw-¡;/,J iJl'1 aA p(
CiÌ1.d~I3·Df!l()..A7f,J--oï" this ¿rO o..H-- day of SEPT., 2007
TNESS my hand and official seal.
~!1J
NOTARY PUBLIC
My commission expires: q.:J.-/ . J V
LeANN BROADHEAD - NOTARY PUBUC
County of Slate of
Uncoln Wyoming
My Commission Expires Sept, 21, 2010
2