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MORTGAGE DEED
This Mortgage is given by Jeremy R. Summers and Kari M. Summers, hereinafter called Lender
of P.O. Box 62, Opal, WY 83124 to Larry J. Deason and Ronda K. Deason, hereinafter called
Borrower, which term includes any holder of this Mortgage, to secure the payment of the
PRINCIPAL SUM of $8500.00 together with interest thereon computed on the outstanding
balance, all as provided in a Note having the same date as this Mortgage, and also to secure the
performance of all the terms, covenants, agreements, conditions and extensions of the Note and
this Mortgage.
In consideration of the loan made by Lender to Borrower and for the purpose expressed above,
the Borrower does hereby grant and convey to Lender, with MORTGAGE COVENANTS, the
land with the buildings situated thereon and all the improvements and fixtures now and hereafter
a part thereof, being more particularly described in Exhibit A attached hereto and made a part
hereof and having a street address of: 121 Muledeer Street, Opal, WY 83124,
including 1982 Guerdon Trailor.
Borrower further covenants and agtees that:
1. No superior mortgage or the note secured by it will be modified without the consent of Lender
hereunder.
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2. Borrower will make with each periodic payment due under the Note secured by this Mortgage
.a-paymeBt lìJlffici~m to prgyid" a [wId nom vvhich tlI~ Ic,al c.stð:te 18>..(,,,, lJc.ttermeül è1:):S~:SSlIl~llt:s
and othel 11lwÚcÍpál charges wlÚdl (,&1 become alien ugwll:sllhc mortgaged premises Gßfi-ge
paid by Lc,üJ\:,a vvh(,n-eue. Thi~ provision ~hflll be effedivp. only in the evem4ßftt-a.-flmtl-f-m--the
~~~;~~ is ;oll ¡lIp: to ~II est~~it<la ¡'~·I~h. ~~;;f M~/:" ~~~.
3. In the event that Borrowe~fails to carry out the covenants and agreements set forth herein, the
Lender may do and pay for whatever is necessary to protect the value of and the Lender's rights
in the mortgaged property and any amounts so paid shall be added to the Principal Sum due the
Lender hereunder.
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4. As additional security hereunder, Borrower hereby assigns to Lender, Borrower's rents of the
mortgaged property, and upon default the same may be collected without the necessity of making
entry upon the mortgaged premises.
. ven . . nos 0 gage or' . t for ~/VÝ\ ~
HfteeH (15) days,-the entire debt shall become immediately due ana. payable allh~ optioR of the H m
d.eftcter. Leader shall be entitled t8 eollect all w:sl:s uüd expeIl:>~S, ineluding rea~onablp. flttQrneis ,r;i-..
<fees inc~d7 / fa..>
6. In the event that the Borrower transfers ownership (either legal or equitable) or any security
interest in the mortgaged property, whether voluntarily or involuntarily, the Lender may at its
option declare the entire debt due and payable.
RECEIVED 8/21/2008 at 4:14 PM
RECEIVING # 941483
BOOK: 702 PAGE: 802
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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7. This Mortgage is also security for all other direct and contingent liabilities of the Borrower to
Lender which are due or become due and whether now existing or hereafter contracted.
8. Borrower shall maintain adequate insurance on the property in amounts and fonn of coverage
acceptable to Lender
9. Borrower shall not corrunit waste or pennit others to commit actual, permissive or constructive
waste on the property. '
10. Borrower further covenants and warrants to Lender that Borrower is indefeasibly seized of
said land in fee simple; that Borrower has lawful authority to mortgage said land and that said
land is free and clear of all encwnbrances except as may be expressly contained herein.
This Mortgage is upon the STATUTORY CONDITION and the other conditions set forth herein,
for breach of which Lender shall have the STATUTORY POWER OF SALE to the extent
existing WIder State law.
Executed WIder seal this ~day of ~110Q..~"7\
, 2008:> .
BORROWERS:
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/..l;áÍTy ~ø~?Són
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ßlJ)\1t ¡( Ú ~0v1
Ronda K. Deason
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Kari M. Surruners ~
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ACKNOWLEDGMENT
STATEOF~I~
COUNTY OF LI Y.Ð.~
On ç~LllGLl"';i\ d I , ðGCB before me,
~-rEla2.t ~s , personally appeared
~;lI2~lLI-.f). ~lU-t "~lË 12S
~ H ' 5Lt~f.-lt32-$ ,
~...::( ~~ ,and
~W~ ~.'. k} personally known to me (or
proved 0 me on the basIs ofsatlsfactory evidence) to be the person(s) whose name(s) Is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same
in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument
the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Signature: ~/),/ /2L~aJ.
Affiant: ~ Known _ Unknown
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Exhibit A
00&805
Lot 3 of Block 10 of the Amended Plat of the Town of Opal, Lincoln County,
Wyoming as described on the official plat thereof