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MORTGAGE
(;'Oô300
6010817040
JcnlfcJ'L. Price, of PO Box 336 DiamondviUc. WY 83116, (herein collectively called
'MORTGAGOR"), to secure the payment of $45,000.00, with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate
maturity date of which is September 1, 2018) and all renewals, modification and
extensions thereof, do hereby mortgage unto Ralph Calvelt Estatc of 3711 Sc Cedar St
HUlsboro, OR 97123 (herein called "MORTGAGEE"), the following described real
property, situate in the County of Lincoln, State of WY, hereby releasing and waiving all
rights under and by virtue ofthe homestead exemption laws of the State of Wyoming, to·
wit:
Lots 7, 8 and 9 Block 12 of the Towll of Diamondvllle, Lincoln Connty, Wyoming as
described 011 the ot1icinl pint thereof.
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 lillpaid balance of the debt hereby secured, or the
msurable value (replacement eost) of such Improvements, whichever is less, which
insurance shall contain an appropriate loss payable provision protecting MORTGAGOR
a.nd MORTGAGEE as theu respective interests may appear ITom 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 SunlS hereby secured, or in the
payment of the mterest thereon, or any part of such principal or interest, when the same
shal1 become due; or in case of default shal1 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 mterest 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 shal1 pay all sums due hereunder,
together with all costs of sale including reasonable attorney's fees. If the proceeds of the
foreclosure sale are msufficient 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 sha ] at once become entitled to exclusive possession, use and enjoyment
of the Property, and (0 al1 rents, issues and profits from the accruing of any such rights
and dunng the pendenc)' 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.
s this 13- day of August, 2008,
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RECEIVED 8/27/2008 at 12:15 PM
RECEIVING # 941642
BOOK: 703 PAGE: 300
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
State of ~/1-t~
CountyofnL~~~ A.. ~
ThIS Instrument was acknowledged before me on ~8
By Jennifer L. Pnce .
, . ,- -~~
(Signature of Notarial Officer)
LORI KAlAN - NOTARY PUBLIC
COUNTY OF
LINCOLN
STATE OF
WYOMING
My Col1111lssion Expires Feb. 26, 2011
My Com~o2pues:
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