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HomeMy WebLinkAbout946091 5" 5 - A- RECEIVED 3/24/2009 at 11 :26 AM RECEIVING # 946091 BOOK: 718 PAGE: 515-A JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY WHEN RECORDED RETURN TO: 'HdMAA lo..nd Title _C9mpðny 'SINCE 1904 Name: Address: LOANNA CLARK, TRUSTEE 1009 South McDowell Blvd Pe!lllwna, ÇA 94954 MORTGAGE TED S. mGGINS ~~IœNCHmt~~. Trustees of the TED S. mGGINS LIVING TRUST, DATED OCTOBER 23, 2008, AND ANY AMENDMENTS THERETO, Mortgagor of Rack Springs, County of Lincoln, State of Wyoming, hereby mortgage to LOANNA CLARK, TRUSTEE, Trustee of the LOANNA CLARK REVOCABLE TRUST dated March 26, 2007, Mortgagee of 1009 South McDowell Blvd, Petaluma, CA 94954 for the swn of Fifty Thousand dollars and Zero cents ($50,000.00) the following described tnlet of land In Lineoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: Lots 48 and 49 of ALPINE RETREAT SUBDIVISION NO.2, AMENDED, Lincoln County, Wyoming, as shown on tbe official plat thereof filed June 7, 1972, as Receiving No. 439320, in the Office of the Clerk of LincoJn County, Wyoming, as Plat No. 104. This mortgage is given to secure the followJng Jndebtedness: one note of even date herewith for 550,000.00 made payable at the times and place and at the rate specified in the note This mortgage is ln1cnded to cover the rents md profits of said property, and consent is hereby given after default, for the appointment of a receiver by any competent court and the receiver is hereby authorized In rent tbe said property and apply the proceeds on this obligation. The Mortgagors agree to keep the buildings now on said premises or hereafter erected thereon fully insured against loss by fire in some tire Insurance company approved by the mortgagee, with loss, If any payable to mortgagee, during the life of this mortgage. The MortgagOQ als<> agree to pa)' all taxes and assessments on said premises, including any assemnents that may be levied on water rights or shares of stock: used In connection herewith, or beld as collateral with the above note; also any tax that may be assessed by reason of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the conuncnecment of any legal proceedtngs for foreclosure of the same, and said attorney's fees shall be added to the amount due on this mortgage, and made a lien on the premises described herein. In casc of defauh In the payment of any sum covenanted to be paid, either the principal or Interest when the same shall become due and payable, or in case of default In the performance of any covenant herein contained, the whole amount of this Indebtedness secured herein may be immediately declared due and payable, and to bear interest at the rate of I 0 percent per annum ftom the date of such default and this, mortgage foreclosed at the option of the legal holder. In the event of default Mortgagors grant to Mortgagees a Power of Sale to forecJose on and sell said property as public auction pursuant In 34-4-101 et scq. Wyo. Stat, 1977, or its successor. STATE OF WYOMING COUNTY OF SWEETWATER ) ) ss. ) On this 20th day of March , 2009, personally appeared before me, TED S. HIOOINS, Trustee oftbe TED S. HIGGINS LNlNG TRUST, DATED OCTOBER 23, 2008 who acknowledged to me that helahelf1ey executed the same. FËJ.'iiõH'M"-:"NõTARYPûiiüëj COUNTY OF STATE OF SWEElWATER WY~J'~e ~ ~~:~~~~~~~~:~J \ J ~O\ HICKMAN LAND TITLE COMPANY OF WYOMING File Nomber: 62491df Mortgage. Buyer Ind Pagelofl