HomeMy WebLinkAbout944190
COiì264
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
RalDh L. Hedstrom and Carol A. Hedstrom, Mortgagor(s), of Lincoln County, State of Wvominl!:
_, and Brad A. Hedstrom and Carole Z. Hedstrom, Mortgagor(s), of San Mateo County, State of California, to secure
payment of thirtv thousand two hundred forty dollars and 00/100 Dollars ($ 30,240.00 ), due AUl!:Ust 31"t, 2009 ,
evidenced by Promissory Note of even date herewith, do(es) hereby mortgage and warrant to LEISURE VALLEY, INC.,
a Nevada Corporation, Mortgagee, of Lincoln County, Wyoming, the following described real property in the County of
Lincoln, State of Wyoming:
Star Valley Ranch RV Park, Plat Number 4 (Stage 1) Lot 793
Mortgagor(s) agree_ to pay the indebtedness according to the terms and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life of this mortgage to pay all taxes and assessments against
the premises. If Mortgagor(s) fail_ to pay such taxes or assessments, Mortgagee may pay the same, and all sums paid by Mortgagee
for such purpose shall be added to and considered as a part of the indebtedness and shall draw interest at the same rate.
If default occurs in the payment of the indebtedness or in the payment of any installment thereof, or if default occurs in any of the
covenants and agreements hereof or under the aforesaid Promissory Note, then the whole indebtedness shall, at Mortgagee's option,
become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisem¡:nt and sale of the premises as
provided by the statutes of the State of Wyoming, or by an action in equity. This will be Mortgagee's sole remedy against Mortgagor(s)
in case of default by Mortgagor(s). Out ofthe proceeds of any foreclosure the Mortgagee shall retain or receive all sums due to it hereunder
and costs offoreclosure and sale, including attorney fees in an amount equal to Ten Percent (10%) of the indebtedness remaining unpaid
at the time of such sale, and the same shall be taxed as costs in any equitable action brought to foreclose this mortgage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s) hereby assign_
to Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession thereof with Mortgagor's
consent. If default occurs in any ofthe the covenants and agreements herein contained or under the aforesaid Promissory Note, whether
or not Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize_ Mortgagee to collect the rents
from the premises and to apply the same to the payments on the indebtedness secured hereby until such default is remedied.
In the event offoreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and e~oyment of the premises
and rents and profits thereof from the time of such default and during the pendency offoreclosure proceedings and period ofredemption,
if any. If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate for that purpose. Furthermore, in addition to the remedies
otherwise provided for in this mortgage and by law and as a matter ofright without regard to the solvency or insolvency of Mortgagor(s) ,
or the value of the premises or the insufficiency thereof to discharge the indebtedness and costs of foreclosure and sale, Mortgagee shall
be entitled to receive from the premises the rents, issues and profits thereof from the time of default to the expiration of any redemptive
period provided by law. A receiver may be appointed by any court of competent jurisdiction upon ex parte application without notice,
notice being hereby waived and appointment of a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGORS(S) HEREBY RELINQUISH_ AND WAIVE_all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this
·Z.9~
day of
{)d.-ôL~
,2008.
MORTGAGORS:
)
) ss.
)
On thisßy of Odo~ ,2008, before me personally appeared RalDh L. Hedstrom and
Carol A. Hedstrom , known to me to be the person(s) described in and who executed the foregoing instrument, and
acknowledged that ~ executed the same as their free act and deed, including the release and waiver of the right of
homestead.
~k õi'·
\M)i!r-~
tot ~
-B~ ~ /.I~h'~
O~/Q· ~
WITNESS my hand and seal.
My commission expires
(p 1'2-5 )'2-Ò 10
RECEIVED 12/16/2008 at 1:41 PM
RECEIVING # 944190
BOOK: 711 PAGE: 264
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
NANCY J. BROWN - NOTARY PUBLIC
. STATE OF
COUNTY OF , WYOMING
LINCOLN b.o
MY COMMISSION EXPIRES ~'2E to.
Dated this ~ µ~
day of
rJ O·Vó--tl?¿/l-.
, 2008.
(:,00265
__.._...._......__.w.__·
7ftJt.t 6f- W~OHI ~ )
~ of li~\yv ~ 55.
On thisjLday of~, 2008, before me personally appeared Brad A, Hedstrom and
Carole Z. Hedstrom I known to me to be the person(s) described in and who executed the foregoing instrument, and
acknowledged that ~ executed the same as their free act and deed, including the release and waiver of the right of
homestead.
WITNESS my hand and seal.
,~v1øu~
My commission expires ~ II \ 1»~D
NOTARY PUBLIC in and for said County and State
LAUNI NEWMAN - NOTARY PUBLIC
. e:....~· .:":.;¿..
~ County of ;~:,},j\ ~~~.\ Sltìte of
L" .. <'f'pi' ,..j
Lmco/n \-~;1¡~~i VNv' ming
N~~Y:! ~~~IGN ~:;~~~'ES __~I~1Y?J!L
~ ------~-....,..,""'.~~.