HomeMy WebLinkAbout876871 ..... MORTGAGE "~ ,
DEE ,~ ~
~ ~ -.~ 4 F ~, ~ ,-,, mortgagor of ~i¢ dO
....... ,, ,4 ~ County, S~te of
- ', ~ secure the pavment ofaaz ..5o0. _ ._
'~ .... i ~..: z, d _ z/.' ..:... m ~nterestmereonat:th~,rate oE~g, .. .... percent per year (said sum,
and the interest thereon being referred to as the "' ,,
mdebt~ness ), payable , ..... 'q~'~ i-v
accordance with the provisions of that cer~i~?ro~
hereby ~ort~age and wa~ant to mortgagee :z,,~,:} :. :- 5/- ~ 't' i':' ~ ~ i ',ZZ 1,~ '
L-",," ,Y .............. ' '. TM .... '"'T2 of
County;~ S~te of'' ~o,,,Z~ G the following described real
estate, situated in the County of ~?," ~" 'x
, ~IluO~., , in the ~te of Wyoming, to wit:
Mortgagors agree to pay the indebtedness according to the terms of said promissory note,
and, during the life of this mortgage, to pay all taxes and assessments on the premises and to
keep the impr~ents thereon insured against fire, and other hazards in a sum not less than_
($ /q/q ) by such insurance as mortgagee
may approve, with the proceeds thereof made pti'yable to mortgagee. If mortgagors fail to pay
such taxes or assessments or fail to keep the premises insured, mortgagee may pay the same and
may. insure the premises, and all sums paid by mortgagee for such purposes Shall be added to
and considered as 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 thereof, then the whole
indebtedness shall, at mortgagee's option, become due and payable forthwith, and mortgagee
may foreclose this mortgage either by advertisement and sale of the above described premises
at' public vendue according to Wyoming statutes, or by an action in equity. Out of the proceeds
of any foreclosure sale, mortgagee shall retain or receive all sums due to it hereunder, and costs
of foreclosure and sale, including attorney fees in an amount equal to ten percent of the
indebtedness remaining unpaid at the time of such sale, the same to be taxed as costs in any
equitable action brought to' foreclose this mortgage.
To fully assure mortgagee the benefit of the security interest in the premises granted to
it hereunder, mortgagors hereby assign to mortgagee all rents hereafter payable for the use and
occupancy of. the premises by any person in possession thereof with mortgagors' consent. If
default occurs in any of the covenants and agreements therein contained, whether or not
mortgagee elects to foreclose this mortgage on account thereof, mortgagee shall at once be
entitled, and is hereby authorized to collect the rents from the premises and to apply the same
to the payment of the indebtedness secured hereby until such default is remedied.
In the event of foreclosure of this mortgage upon default, mortgagee shall be entitled to
the possession and enjoyment of the premises and the incident rents, issues and profits thereof
from the time of such default and for and during the pendency of foreclosure proceedings and
..the period of redemption,, if 'any. If mortgagors should fail to surrender such possession to
mortgagee pr6mptly upon its request therefor, mortgagee may compel delivery thereof by an
ejectmcnt'action or other civil proceeding appropriate to that purpose. Furthermore, and in
addition to the remedies otherwise provided for in this mortgage and by law, and as a matter of
right, withput regard to the solvency or insolvency of mortgagors, the value of the premises, or
the sufficiency thereof to discharge the indebtedness and costs of foreclosure and sale, mortgagee
shall be entitled to a receiver for the premises and rents, issues and profits thereof from the time
of default to the expiry of any redemptive period provided by law. Such receiver may be
appointed by any court of competent jurisdiction upon ex parte application, without notice,
notice being hereby waived and the appointment Of a receiver upon such application being
hereby consented to by mortgagors.
Iqbreby releasing and waiving all rights under and by virtue of the homestead exemption laws
of the State of Wyoming.
Witness ~ hand this ~day of_ ,-~ ~4c4~ ~,¢_.
County of ~
The foregoing ins~ent was acknowledged before me
this ',.h ~2_ date of ~_~p ~'~D~li~A t ,-~OdP/ - /
-1 .
W~_i t n..:__e__s { _m_ y_ g_an_d_ _an~_ _o ff[cia_l _seak
-- Notary Public
My Commission ExpireS: _ A~ _/,._~ c~