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MORTGAGE
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Russell S. Beck aud Stacey C. Beck, Husband and 'VUe, of P.O. Box 1511 Afton,WY
8311 0, (herein collectively called 'MORTGAGOR"), to secure the payment of
$40,000.00, with interest thereon, as provided in and evidenced by a proniissory 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 1. Gum Brown
and Paula R. Brown of P.O. Box 1633, Afton, Wyoming 83110 (herein called
"MORTGAGEE"), the following described real propeliy, situate in the County of
Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by virtue
ofthe homestead exemption laws of the State of Wyoming, to-wit:
Part of Lot! 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 'Vest 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 san1e become due and
payable; to secure, maintain and furnish MORTGAGEE evidence thereof, insurance with
an iIisurance canier or caniers 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 any pali 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 advertisement and
sale/or as otherwise authorized by goveming 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 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 paIiies claiming, by, through or under
the MORTGAGOR only,
d'yof JUnC'2008~4L
Stacey C. B ck
RECEIVED 6/18/2008 at 3:55 PM
RECEIVING # 939893
BOOK: 697 PAGE: 696
JEANNE WAGNER
~COLN COUNTY CLERK, KEMMERI
000697
State of Wyoming
)ss.
County of Lincoln
The foregoing instrument was acknowledged before me this ~ day of June, 2008, by Russell S.
Beck and Stacey C. Beck
Witness my hand and official seal
Æ¿~ /0~~
Notary Public:
My commission expires: 9 - /5 - / J
NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
M Commission Expires September '15, 2011