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RECEIVED 12/14/2007 at 10:01 AM
RECEIVING # 935570
BOOK: 681 PAGE: 189
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Jackson Hole Corporation, a Wyoming corporation of P.O. Box 725, Afton, Wyoming
83110, (herein collectively called "MORTGAGOR"), to secure the payment of Twenty-seven
thousand five hundred dollars ($27,500.00), with interest thereon, as provided in and evidenced by
a promissory note of even date herewith (the ultimate maturity date of which is the 29th day of
November, 2012) and all renewals, modification and extensions thereof, do hereby mortgage unto
Rockbridge, LLC, a Wyoming limited liability company, of P.O. Box 11, Afton, WY 83110,
(hereinafter called "MORTGAGEE"), the following described real property, situate 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:
MORTGAGE
0001.89
Lot 120 of Rockbridge Meadows Second Addition to the Town of Afton as described
on the official plat filed July 13, 2007 as instrument No. 931237 of the records of the
Lincoln County Clerk.
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 fails to pay such taxes or assessments as herein provided,
MORTGAGEE may pay such taxes and assessments, 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 any part of such principal or interest, when the same shall
become due; or in case of default shall be made in any of the covenants 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 assigned, 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 of
the 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 and any such rights and during the
pendency of the foreclosure proceedings, and the period of redemption, if any there be.
Witness our hands this 29th day of November, 2007.
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The foregoing instrument was aCkn0l~before me by Marlowe A. Scherbel,
President of Jackson Hole Corporation, this day of December, 2007.
My Commission Expires:
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Witness my hand and official seal.
Nota Public
8Ha.J.EY IINIWJ. . NOTARY PœUC
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