HomeMy WebLinkAbout935350
6010716095
000378
David Larson < nd April Larson, Husband and Wife, of P.O. Box 388 Cokeville, WY
83114-8311, (h rein collectively called 'MORTGAGOR"), to secure the payment of
$169,024.31, wi h interest thereon, as provided in and evidenced by a promissory note of
even date here ith (the ultimate maturity date of which is January 1, 2038) and all
renewals, modi wation and extensions thereof, do hereby mortgage unto Cindy J.
Thompson of P.O. Box 311 Cokeville, WY 83114-8311 (herein called
"MORTGAGE "), the following described real property, situate in the County of
Lincoln, State 0 WY, hereby releasing and waiving all rights under and by virtue of the
homestead exen ption laws of the State of Wyoming, to-wit:
MORTGAGE
Tract 65 of Resurvey Township 24 North Range 119 West of the 6th P.M., Lincoln
County, Wyoming.
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; to secure, maintain and furnish MORTGAGEE evidence thereof, insurance with
an insurance calTier or calTiers acceptable to MORTGAGEE, covering the insurance
improvements on the Property against loss by fire and earthquakes, with extended
coverage, in an amount not less than the unpaid balance of the debt hereby secured, or the
insurable value (replacement cost) of such improvements, whichever is less, which
insurance shall contain an appropriate loss payable provision protecting MORTGAGOR
and MORTGAGEE as their respective interests may appear from time to time. In the
event MORTGAGOR fails to pay such taxes or assessments, or fails to keep and
maintain such insurance as herein provided, 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.
In case default shall be made in the payment of the above sums hereby secured, or in the
payment of the interest thereon, or al1Y part of such principal or interest, when the same
shall become due; or in case of default shall be made in any of the COVenal1ts and
agreements thereof, 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 MORTGAGEE, and
MORTGAGEE'S legal representatives and assigns, may proceed by advertisement and
sale/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 ofthe
foreclosure sale 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
and 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
the MORTGAGOR only.
day of November, 2007,
'¡~;L~,
April arson
RECEIVED 12/4/2007 at 12:51 PM
RECEIVING # 935350
BOOK: 680 PAGE: 378
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
State of
)
)ss.
)
000379
County of
The foregoing instrument was acknowledged before me this :<9 day of November, 2007, by David
Larson and April Larson.
Witness my hand and official seal
~/~+~
Notary Public: .
My commission expires: 9 - J 5" - 1/
County of .
Lincoln
NOTARY PUBLIC
State of
Wyoming
My Commission Expires September 15, 2011