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HomeMy WebLinkAbout948621AV WHEN RECORDED RETURN TO: Name: KEVIN & LEIGH KELLEHER Address: 33-1 A&5 Lt~ -Dr VjzyVukl 617uLv, P, )x'349 0G26 H. K. MORTGAGE J, ~k LUCAS .PAUL and CAITLIN PAUL, husband and wife, Mortgagor of 49 S. Dell Creek, Alpine, County of Lincoln, State of Wyoming, hereby mortgage to KEVIN G. KELLEHER and LEIGH A. KELLEHER, husband and wife, Mortgagee of 49 SOUTH DELL CREEK, ALPINE, WY 83128 for the sum of Eighty Five Thousand dollars and Zero cents ($85,000.00) the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: See "Exhibit A" attached hereto This mortgage is given to secure the following indebtedness: one note of even date herewith for $85,000.00 made payable at the times and place and at the rate specified in the note This mortgage is intended to cover the rents and 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. to rent the 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 fire insurance company approved by the mortgagee, with loss, if any payable to mortgagee, during the life of this mortgage. The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on water rights or shares of stock used in connection herewith, or held 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 commencement of any legal proceedings 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 case of default 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 10 percent per annum from 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 foreclose on and sell said property as public auction pursuant to 34-4-101 et seq. Wyo. Stat., 1977, or its successor. Signed in the presence of WITNESS the hand of said Mortgagor, this day of LU ' A PAUL CAITLII~ PAUL STATE OF N(1,j~rYy{,G, ) c p i/ ) ss. COUNTY OF L-V W ~-1- ) On this day of 1s_ ,personally appeared before me, RECEIVED 7/29/2009 at 3:57 PM RECEIVING # 948621 BOOK: 728 PAGE: 626 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY who acknowledged to me that IX/sh'o'o/they executed the same. Witness my and and official seal. il 946z~ Notary Public: My commission expires 0 v~~ r111I1111A148fiIfrgaeA111111t1111DIIIIIIIN11b p. Men - Notary Public w r County of State of Lincoln Wyuming ~ My Corn Fnlsslon Expires 10/11/2011 °°~1III1II1111111/11I1I010II11111II/IIIf~ HICKMAN LAND TITLE COMPANY OF WYOMING File Number: 62656 Mortgage - Buyer Ind Page 1 of 2 EXHIBIT "A" ` ,„16`2,'7 Tract 3 of DELL CREEK RANCHES, Lincoln County, Wyoming, as shown on the official plat thereof filed March 22, 1991, as Receiving No. 730096, in the Office of the Clerk of Lincoln County, Wyoming, as Plat No. 338. Being a further described as follows: A portion of a land division map previously recorded as "Parcel #7" (Holdeman/Anker/Hunold) in Book 292 P.R., on Page 158, as Document No. 726065, on November 26, 1990. A parcel of land in the South Half (S ''/2) of Section 15, Township 36 North, Range 119 West, of the 6`h P.M., Lincoln County, Wyoming, more particularly described as follows: COMMENCING at the Section corner common to Sections 14, 15, 22, 23; Thence North 89°57'63" West, 2,333.17 feet, to the TRUE POINT OF BEGINNING; Thence North 02°21'43.4" East, 1,316.94 feet; Thence North 87°17'40.3" West, 660.34 feet, more or less, to the Easterly right-of-way of Highway 89; Thence South 02°20'25" West, along the Highway right-of-way, 1,346.19 feet, to the South line of Section 15, said point marked by a 3" brass cap, also being a corner of Aspen Hills Subdivision; Thence South 89°52'47.5" East, 348.56 feet, to the South Quarter (S t/4) corner of Section 15; Thence South 89°57'53" East, 311.78 feet, more or less, to the True Point of Beginning. L a/) P HICKMAN LAND TITLE COMPANY OF WYOMING File Number: 62656 Mortgage - Buyer Ind Page 2 of 2