HomeMy WebLinkAbout950267When recorded mail to:
C US Bank
111 North Elm Street
Cresco, IA 52136
FOR VALUE RECEIVED, Michael D. Fjetland and Susan K. Fjetland, Husband and Wife, the "Mortgagors do hereby
grant, bargain, sell and convey unto C US Bank, collectively the "Mortgagees the following described premises, in
Lincoln County, Wyoming:
HANGAR SIX (6) OF THE EXECUTIVE HANGARS CONDOMINIUMS IDENTICAL WITH LOT 48 ALPINE
VILLAGE SUBDIVISION NUMBER ONE (1) PLAT TWO (2) AMENDED WITHIN NW' OF SECTION 19, T37N,
R118W, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF RECORDED
FEBRUARY 23, 2007 AT DOCUMENT NUMBER 926999 IN THE OFFICE OF THE CLERK, 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 October 22, 2009 in the amount of
$320,000.00, plus interest payable to the Mortgagee, with final payment due January 15, 2015, 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 eighteen percent (18 per annum until paid.
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 indebtness 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
el D. Fjetland
ICJ/
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usan K. Fjetland
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N'tary Public
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REAL ESTATE MORTGAGE
RECEIVED 10/29/2009 at 4:21 PM
RECEIVING 950267
BOOK: 734 PAGE: 753
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
State of -COltrt>1
County of /l t& :ss
5 r
On ID-42_ personally appeared before me Mich a p l u fki l4 kd u k d signers of the
within instrument, who duly acknowledged to me that they executed the same.
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DUANE JOHNSON
COMMISSION NO.190073
MY COMMISSION EXPIRES
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