HomeMy WebLinkAbout947838DAVID E. COPPLE
2425 TAYLOR
NORFOLK, NE 68701
RECEIVED 6/18/2009 at 2:56 PM
RECEIVING # 947838
BOOK: 725 PAGE: 721
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
REAL ESTATE MORTGAGE
C `721
FOR VALUE RECEIVED, MARLIN D. LINDE, the "Mortgagors", do hereby grant, bargain,
sell and convey unto JOHN M. DINKEL AND CYNTHIA M. DINKEL, collectively the
"Mortgagees", the following described premises, in Lincoln County, Wyoming:
LOT 17 AND LOT 18 OF THE EIDEN ADDITION TO THE TOWN OF LABARGE,
LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT OF THE
SCHMID ADDITION AND EIDEN ADDITION TO THE TOWN OF LABARGE, LINCOLN
COUNTY, WYOMING.
TO HAVE AND TO HOLD the said premises, with their appurtenances, unto the said
Mortgagees, their heirs and assigns forever.
This conveyance is intended as a mortgage to secure the Promissory Note dated May 25,
2009, in the amount of $100,000.00, plus interest payable to the Mortgagee and providing
for acceleration of the due date of the principal for default in the payment of interest or any
installment of principal, and providing for a reasonable attorney's fee in case of suit of
action.
The Mortgagors covenant and agree with the Mortgagees as follows: That they are the
owners in fee simple of the above described premises and that they are free from all
encumbrances except as provided on the conveyance deed to them, and except this
Mortgage.
That they will pay the indebtedness hereby secured promptly, according to the terms of
said Promissory Note. That they will pay all taxes, liens and assessments of any nature
hereafter levied or imposed, or becoming payable, upon said premises not later than the
twentieth day before delinquency.
If the Mortgagors shall fail to pay any such tax or lien, the Mortgagees may pay the same,
and all payments by the Mortgagees for any such purpose shall be added to the
indebtedness hereby secured, and shall be repayable on demand, with interest at the rate
of fifteen percent (15%) per annum until paid.
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For the purpose of further securing said indebtedness and performance of the covenants
herein contained, the Mortgagors hereby sell and assign to the Mortgagees any and all
rentals accruing, or to accrue on said premises, during the life of this Mortgage.
If the said Mortgagors shall pay or cause to be paid all moneys which may become due
upon said Promissory Note and shall otherwise comply with the terms and conditions
hereof, this conveyance shall be void; but in case default shall be made in the payment of
the indebtedness hereby herein contained, then the Mortgagees or their assigns, at their
option may declare the entire indebtedness hereby secured immediately due and payable,
and foreclose this Mortgage and cause said mortgaged premises to be sold in the manner
provided by law, and out of the moneys arising from such sale retain principal and interest
together with any sums advanced as provided herein, with interest as aforesaid, together
with the costs and charges of such foreclosure suit and sale, including such sums as the
court may adjudge reasonable as an attorney's fee to be allowed the plaintiff, and the
overplus, if any there be, pay over to the Mortgagors, their heirs and assigns.
Dated this 1 , 2009.
MARLIN D. LINDE
State of
)ss:
County of )
On -sant, I , 2009, personally appeared before me MARLIN D. LINDE, signer of
the within instrument, who duly acknowledged to me that he executed the same.
GENERAL NOTARY - State of Nebraska
IEDA M. ACKLIE
IAY Comm. Exp. Dec. 9, 2012
J
Notary Public
Residing:
Expires: I a "
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