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HomeMy WebLinkAbout951066WHEN RECORDED RETURN TO: Name: vd(1C,2.f'1 Address: PQ 5-3 to 3 r L/UCI 7/l e BARTLETT MOUDY and SHERRY MACDONALD -MOUDY Mortgagor of THAYNE, County of Lincoln, State of WYOMING, hereby mortgage to VALLEY FRAMING INC., Mortgagee of PO 5363, ETNA, WY 83118 for the sum of $256,000.00 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: Lot 206 of RIVER RANCHES FISHING AND EQUESTRIAN ESTATES AT FREEDOM, WYOMING, SECOND FILING, Lincoln County, Wyoming, as shown on the official plat thereof filed March 10, 1999, as Receiving No. 857290 857291, in the Office of the Clerk of Lincoln County, Wyoming, as Plat No. 383 383 -A. This mortgage is given to secure the following indebtedness: one note of even date herewith for 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. WITNESS e hand of said Mortgagor, this $t day of kity, 2009. Signed in the presence of BARTLETT MO STATE OF d COUNTY OF tat 6 Li On this C bk day of DECEMBER, 2009, personally appeared before me, 3a.2 1 e-+E 114 r� v h:UCW 1 a.QoQ who acknowledged to me that he /she /they executed the same. Wi -ss 1 y hand and official seal. 4.4 1_�i� cif. /1ISVIIIA— Notary ublic: l .efttn My commission expires October 11, 2011. Land Title Company File Number: 62587df Mortgage Buyer Ind P1 MORTGAGE ss. RECEIVED 12/14/2009 at 2:44 PM RECEIVING 951066 BOOK: 738 PAGE: 145 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY C,-0u145 CDONALD -MOUDY 111111111111111011111101 muleallessfieum. C. Fenton Notary Public County of Lincoln Wyoming State of My Commission Expires 10 /11/2011 °e e 01111! 11111 /eee1ee196YeealleeeeleeteeeP