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MORTGAGE
00C137
DAVID E. RICH and JULIE RAE RICH, Husband and Wife, of P.O. Box , Afton,
Wyoming 83110, (herein collectively called 'MORTGAGOR"), to secure the payment
of $36,000.00, with interest thereon, as provided in and evidenced by a promissory note
of even date herewith (the ultimate maturity date of which is October 3, 2012 ) and all
renewals, modification and extensions thereof, do hereby mortgage unto NORMA L.
RICH of PO Box 8007 _.___,".__.__._____ Afton, WY 83110 (herein called "MORTGAGEE"),
the following described real property, situate in the County of Lincoln, State ofWY,
hereby releasing and waiving all rights under and by virtue of the homestead exemption
laws of the State of Wyoming, to-wit:
The East 13 rods of the NW 1I4SW I;" of Section 27, Township 32 North, Range 119 West,
of the óthp.M,., Wyoming.
ALSO:
The West one-half of the East one-half of the Southwest Quarter (W1I2E l/2SW%) and the
West one-half of the Southeast Quarter of the Northwest Quarter (Wl/2SEl/4NW1I4) of
Section 27, Township 32 North, Range 119 West ofthe óthp.M., in Wyoming.
EXCEPTING THEREFROM:
Thé West 13 rods of the W1I2 of the SE1I4SW1I4 of Section 27, Township 32 North, Range
119 West of the 6th P.M., 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 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
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 £Tom 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 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 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 £Tom 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.
RECEIVED 6/13/2008 at 2:54 PM
RECEIVING # 939761
BOOK: 697 PAGE: 137
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
\;'00138
Witness our hands this /0 tfJ day of June, 2008,
~__L,~
David E. Rich
~~X~~J
e Rae RiCh
State of Wyoming)
)ss.
County of Lincoln)
The foregoing instrument was acknowledged before me this IOt!J day of June, 2008,
by David E. Rich and Julie Rae Rich.
Witness my hand and official seal
AttcvuW L~ ~-VW
Notary Public:
My commission expires: (} - /5 - 1/
GLORIA K. BYÊÄS"·"''''''f\iõ·rAAÿ·PÜBl.ìê~
C~unty of ~~ , State of ~
Lincoln Wyoming ~
My Commission Expires September 15 2011 ~
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