HomeMy WebLinkAbout939176
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6010816571
MORTGAGE
000150
Russell S. Beck and Stacey C. Beck, Husband and Wife, ofP.O, Box 1511 Afton, WY
83110, (herein collectively called 'MORTGAGOR"), to secure the payment of
$39,000.00, with interest thereon, as provided in and evidenced by a promissory note of
even date herewith (the ultimate maturity date of which is June 30, 2011) and all
renewals, modification and extensions thereof, do hereby mortgage unto J. Gum Brown
and Paula R. Brown of P.O. Box 1633, Afton, Wyoming 83110 (herein called
"MORTGAGEE"), the following described real prope¡iy, situate in the County of
Lincoln, State of WY, hereby releasing and waiving all rights under and by virtue of the
homestead exemption laws of the State ofWvoming. tQ:~it:
Part of Lot 1 of Block 22 to the Town of Afton, Lincoln
County, Wyoming being more particularly described as follows:
COMMENCING at a point 7 rods West of the Northeast corner of
said Lot 1 and running thence West 3 rods;
thence. South 127 feet;
thence East 3 rods;
thence North 127 feet to the POINT OF BEGINNING.
~-~---- - ----~~-_..
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 fumish MORTGAGEE evidence thereof, insurance with
an insurance carrier or carriers 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
insur~ble 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 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 Propeliy, 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 adveliisement and
sale/or as otherwise authorized by goveming law, to foreclose on and sell the Propeliy,
and out of the proceeds of such sale, MORTGAGEE shall pay all sums due hereunder,
together with all costs of sale including reasonable attomey'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, tln'ough or under
the MORTGAGOR only.
~ïJ:ß¿!ld'YOfM'Y'20~C ~
Russell S. Beck· Stacey C. Beck
RECEIVED 5/21/2008 at 3:23 PM
RECEIVING # 939176
BOOK: 695 PAGE: 150
JEANNE WAGNER
LN OUNTY CLERK, KEMMERER, WY
Ú001Sj,
State of Wyoming
)ss.
County of Lincoln
The foregoing instrument was acknowledged before me this ~ day of May, 2008, by Russell S.
Beck and Stacey C. Beck
Witness my hand and official seal
~/~~~
My commission expires: 9 - /.5 _ II
County of .
Lincoln
NOTARY PUBl.IC
State of
Wyoming
~\ My Commission Expires September 15, 2011