HomeMy WebLinkAbout943374
AGREEMENT TO AMEND/EXTEND
PETER EDINGTON & ROBERTA ROCKEFELLER, MORTGAGOR
504 E ETNA SOUTH ROAD, ETNA, WYOMING 83118, PROPERTY
Prepared October 24,2008
000379
This is an Agreement to Amend/Extend that Mortgage Agreement dated October 17,2007
between Peter Edington and Roberta Rockefeller referred to as Mortgagor and Wilbert and
Judith Ohlmann as Mortgagee a (copy of which is attached hereto and incorporated by this
reference into the body of this document as if fully set forth herein) pertaining to the
property described as:
All of the North Half of the North Half of Northeast Quarter (NlI2N1I2NE1I4) of Section
13, T 35N, R119W, Lincoln County, Wyoming,
It is hereby mutually understood and agreed that the dates set forth therein shall be
extended as follows:
Principal and Interest payable as follows: the entire principal amount together with accrued
interest on the unpaid principal balance from October 17, 2008, until paid, at the rate of
7,00% per annum on or before October 17,2009. Prepayments of principal may be made at
any time in any amount without penalty.
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IN WITNESS WHEREOF, Mortgagor has executed this Mortgage as of the 24
daYOfOctober'Ñ ~
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p'eter 1. Edington
,
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STATE OF WYOMING
Roberta Rockefeller
: SS.
COUNTY OF LINCOLN
This foregoing Mortgage was acknowledged before my by Peter J Edington and
Roberta L Rockefeller, husband and wife, this 24 day. of October", 2008.. ......
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Witness my hand and official seal. :: County of Slale of ::
= Uncoln Wyoming =
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NOTARY PUBLIC
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RECEIVED 11/3/2008 at 12:45 PM
RECEIVING # 943374
BOOK: 708 PAGE: 379
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
.s 5
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MOR.TGAGE
00041.5
KNOW All MEN BY THESE PRESENTS, that Peter J, EdIngton end Roberta L..
Rockefeller, husband and wife, herein rer~!~~s Mortgagor, of PO Box 3514', Alpine, WY
83128, to secure the P<1yment or the principal sum of $1,500,000,00, with Interest as
evidenced by a Prom/$Sory Note date of even date her!!wlth to the order of Wilbert Dnd
Judith Ohlmann of 360 Noble lime, Bedford, WY 83112, prlncllX1l and Intarest payable liS
(allows; the entlÆ principal ~mount together With accrued Interest on the unp:lld prlnc¡:lp;]/
blllllncl! from October 17,2007, until pild, ::It the r~te of 7,OOo¡' :Ier :lnnum on or before
October 17, 2.008, Prepayments of principal mey be made lit any time In any amount
without penll/ty.
hereby mortgages to Mortgagees, the following described, real es~tl!, slwatl!ld /n the County
Of Lincoln, St<1tl! of Wyomfl)g:
All of the North Hlllf of the North Hlllr of Northeast Quarter (Nl/2Nl/2NE1/4)
of Section 13, T3SN, R119W, Lincoln County, Wyoming,
Including 1111 buildings and Improvemonts thereon or that m:lY hÐrE!after be erected the~on;
together with hereditaments and ;¡ppurt4!nances and all Qther rights thereunto belonging, or
In ;¡nywlsQ now or hereafter appertaIning, and the revl¡;lon and rev/slons, remaInder and
remainders, rents, ISSUBS, and profits thereor, and ell plumbing, heating, and lighting
flxture.s end equipment now or hereafter attached to or used In connection with the
premises.
Mortgagor hereby rcllnqulshe:¡ and Wlllves 11II11ghts under IInd by virtue of the
homestead laws of the State of Wyoming and covenanC¡; that It Is lawfully seIzed of the
premises, that they are free from all encumbrances IInd hereby covenants to warrant and
defand the title of thl! premises against the lawful claims of all persons whomsoever,
And mortgagor covenllnts with mortgagee IS follows:
1. In case of dlJfllult In ðny of the payments stipulated In the note, mortgagor,
as furth!!r securIty for this mortgage and the note securQd thereby, hereby assigns, sets
over, and conveys to mortgagl!Ð all rents, Issues, and profits from the pro~erty,
RECEIVED 10/2312007 at 10:15 AM
RECEIVING' 934282
BOOK: S71 PAGE: 416
JEANNE WAGNEFI
LINCOI.N COUNTY CL.ŒRK, K~MMERER, IJIfY
1.
êOv3BO
10/24/2008
130787731 Ell
)LN COUNTY CLERK
13/01)
000416
2. To PilY promptly, when due, the principal Dnd Interest and other sums of
money provided for In silld Note and this Mortgagl!l, or elth!!/': to pay allene! singular the.
taxes,. assessments, levies, IIDbllltles, obligations and em:umbrances of every nature on said
property.
000381.
3, To kel!p any and alllmprovQments 10Clted on the property fully Insured with
IIn Insurance c:omp\lny approved by mortgogee, ¡;tallver iI copy of the poUcy to mortgagøe,
name mortgagee :Is loss payee on said policy and poy the premium therefor :1nd provide
:innual pl'I)of In writing to mortgagee thilt the premium has been duly paid,
4. To perform, comply with, and abide by each and every one of the
agreements, stipulations, conditions, and covenants, set forth In said Note :Jnd this
Mortgage Or eIther.
S, f'illlura by the mortgagee to eXertl5e any of the rights or options herein
provided Sh311 not constltuta iI willver of any rl9ht$ or options under said Note or tne
Mortgage accrued or therufter accruing.
6, Nothing shall be done on or In connection with thE! property th:lt may Impair
mortgagee's security hereunder; mortgagor will commit, p¡¡rmlt Dr suffer no waste,
Impairment or deterlorlltlon of the property .nor bny port thereof, and the property 51'11111 be
continuously maintained In good and sightly order, repair, end condition by mortgagor at his
expense,
7. 1n cilse mortgagor defaults In the p¡¡yment of ground rents, If any, t:lxes,
assessments, water, or other governmental or munlr.lpal charges, or other lawful ehilrges as
herein provided, mortgagee may wltl,out notice or demand pay the same IInd In ellse of any
faIlure on the part of mortgagor to comply with the covenants of Pllraqraph 6hernof,
mortgllgee may e!'feet suc;h r~palrs as It may re"sonably deem necessary to protect the
property, at .the cxpÐnsB or mortgagor. Mort9õ\oor shllll repBY :such !!ums so paid and all
expenses so Incurred by mortgagee, with Interest thereon from the date or psyment, at ten
percent (10%) pt!r IInnum, and the ~ame shall be 8 lien on the pl'I!mlsÐS and be secured by
the note and by these presents; In default of making :;uch I'I!poyments the whole ¡¡mount
hereby secured Ir not the" due shall, " mortgagee 50 elects, bC!!c:ome dUI! I!nd payðble
forthwith, anything herein contDlned to tne c.ontr:!ry notwIthstandIng.
2,
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8. In the event the property Is sold under foreclosure ilnd the proceeds are
Insufficient to pay the total Indebtedness secured hereby, mortgagor binds himself
personally to pay the unpaid bÐIDnce, and mgrtgó1gee will be entitled to " defIciency
judgment.
000382
000417
9. In case derault Is mede In the payment, when due, of the Indebtedness
hereby secured, or of any Installment thereof or Ðny part thereof, or In ca!:e of breach of
any coven:lnt Or agrczement herein cont:Jlned, the whole Df the then Indebtedness secured
hereby, Inclusive or prlnclpel, Interest, OIrnarages, gr.ound rents, If any, taxÐs, assessments,
watl1!r charges, (!xpandltures for repairs or malntenanc;e, together with all Dther sums
payable pursuant to. the provisions hereof, shell become Immediately due 3nd p¡yable, at
the option of mortgagee, although the period Bbove limited for tha payment thereof may
not have expired, anythln¡¡ hereIn before or In the note contained to the I;ontrary
notwithstanding; any rallurÐ to exercise such option shall I'\ot constitute a waIver of the rl¡¡he
to exercise the some :It any other time; and It shall be laWful for mortgagee to proceed to
enforce the provIsions of thIs mortgage either by suit at law or In eQuity, as It may elect, or
to foroclose this mortgage by advertisement and sale of tht! premises, :It public auction for
cash, according to Wyoming stetuettes governing mortgege foreclosures, :lnd c:luse to be
executed and dcllve1'ecl to the purchaser or purchasers at any such 1:0111 0 good :lnr;!
sufficient deed or deeds of conveyance of the property so sold, and to apply the net
proceeds arising from such s:lle first to the payment of the costs and expenses of such
foreclosure and sale, Including a reasonebJe attorney fee, and In pllyment of ell moneys
expended or advanced by mortgagee pursuant to thc provisions or P:Jrngroph G hÐreof, ¡¡nd
then to the payment of the balance dUE! on Dccount of' the prJnclpDllndobtodncss secured
hereby, together with Interest tl1ereon ¡nd tl1e surplus If :!Jny, shall be paid by mortgagee on
demand to mortgagor, In case mortgagee falls promptly to foreclose on the happening of
any default, It sh¡1I not thereby be prejudiced In Its right to foreclosure at any time
thereafter during which such default continues, and shall not be þreJudlœd In Its foredosurn
rights In case of further l3efault.
10. In caSÐ or any default whereby the right of foreclosure occurs hernundN,
mQrtgilgee shðllat once become entltl~d to exclusIve pDss!:slon, U$e, and ervoyment of all
property, and to all rents, Issues, and profits thereof, from the accruing of such right ¡¡nd
durIng the pendency of forec:lo$ure proceedIngs Dnd the perlQd of redemptIon, If there Is
any; and such possession, rents, IS5l1eS, ;,nd profits shall ot once be delivered to mortg3gCla
3.
1£1/24/2£10E
3
130787731 En
OLN COUNTY CLERK
on request, and on refusal, the delivery of such possession, rents, Issues, and profits may
be enforced by mortgagee by eny appropriate cIvil suit or proceeding, Including actIon or
actions In ejectment, or forcible entry, or unlawful detaIner; and mortgagee shall be entitled
to a receiver I'or the property .!Ind all rents, Issues, and proms thereof, efter lIny such
defõJult, Including the time Covered by foreclosure procI!edlngs ::md the period of 000418
redemptIon, If there! Is any, end shall bø entlt/ed thereto :I!I a metter of right w/thol./t fllgllrd
to the. solvency or Insolvency or mortgagor or the then owner of thC! pro~erty, end without
regard to the v;¡fue of the property or the sufOclency thereof to dlschorgG the mortgage
debt and foreclosure costs, fees ó3nd expenses; end such reœlver may be appoInted by any
COl.lrt of competent JurIsdiction on ex perte ¡¡ppllcatlon and without notice (notice being
hereby expressly waived, and the QPpolntment of any suc:h receiver on any SuCh :JppJlC<lltlon
without notlc:!! being hereby consented to by mortgl:lgor on mortgagor's own behalf), and all
rents, Issues, profits, Income, IInd revenue of the property shðl/ be ólpplled by such receiver,
ac:cordlng to IQW and the orders <'J"d dlrectlon$ of the COUrt.
11. Mqrtgagor may not conveyor transfer any Interest In or encumbl!r the
described prt1mlses wlthoLlt the prIor written consent of the mortgagee, Mortgagor must
gIve mortgagee written notice of mortg:lgor's Intent to convey \:Ir trensPer :lny Intcrcst In or
to encumber the described premises et least thirty (3D) days prior to the proposed
conveyance or cncumbrence, If all or any part or the described premises· or IIn Interest
thereIn Is sold, transferred or encumbered by mortgagor without mortgagÐe's prior written
consent, excluding death of a Joint tenant or the grant of any leasehold Intarest of three (3)
years or less not containing an optton to purchase, mortgagee m1!Y, at Its optIon, declare
the entire remaIning balance <lue under this agreement to be Immediately due "nd payable
and give wrItten notIce to mortgagor thereof. Arter receipt of such written notice,
mortgagor sh¡¡II have thirty (30) dllYs In whIch to pay the entire remaining balance to
",ortgagee,
12, The coven;¡nts herein contained sh;¡ bind, and ~he benefits and ¡¡dVantðQl!:s
:.halllnun:: to, ~he respecttve heirs, executors, edmlnlstrators, successors, and ::Isslgns of the
pertln hereto. Whenever used, the singular number shalllnclud!! the plural, the plural the
singular, and the USe of any gender shall Include all genders,
13. Whenever used herein, the terms '",ortg;¡gor" and "mortgagee" Include all
the parties to this Instrument and the heirs, leg.. reprQsentatlves, ~nd assigns of
4.
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IndIvIduals, ;:!nd· thð successors and ~ss¡gn9 of corporatIons; end the tQrm "Note* Include!; all
the notes hereIn described If more thlln one.
000419.
IN WITNESS WHEREOF, Mortgagor has executed this Mortgage 85 of the 17'h dey or
October, 2007,
h~
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OOv384
Peter J. Edington
~t.h ~ ~.b'", L. .""""..
STATE OF WYOMING
55,
COUNTY OF I.INCOLN
The foregoing Mortgage was acknowlÐdged before me by Peter), Edington and
Roberta L. Rockefeller, hU!;þMd !IInd wife, this 4--. day of October, 2.007,
Witness my hand ¡Jnd official seal,
~.úL1t/;; ~f,J,¿'/t'Ã.4~__
CIAUOl4 NIDI\IIDN
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My Commf'IIGn'ÆIIPI'" ~ ::1 r . ~""O
NOTARY PUBLIC
My com",ISSlon expires: G' ';J. 'JOlt¿
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