Loading...
HomeMy WebLinkAbout9519976010918595 Alliance Title Esc rov, PO Box 1367 Kemmerer WY 83101 RECEIVED 2/4/2010 at 11:44 AM RECEIVING 951997 BOOK: 741 PAGE: 824 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Mailing Address: 510 Cherry Creek Dr Rock Springs, WY 82901 -4399 Do not write/type above this line. For filing purposes only. Farm Credit Services of America RECEIVED 1/12/2010 at 3:28 PM RECEIVING 1585 BOOK: PAGE: JEANNE WAGNER OLN COUNTY CLERK, KEMMERER, WY 000824 824 RETURN TO Farm Credit Services of America, PO Box 878 Bickling, Cheryl L PREPARER: Casper, WY 82602 (307) 577 -4700 0 Rerecorded to add additional mortgagors Randal J. Hruska and Pamela J. Hruska FORM 5014 (6 -2009) REAL ESTATE MORTGAGE For the State of Wyoming Open -End To Secure Present and Future Obligations and Advances Date: December 31, 2009 Mortgagor(s): Randal J Hruska, Trustee and Pamela J Hruska, Trustee for Randal J Hruska Living Trust dated June 11 1991 Mortgagor(s): Pamela J Hruska, Trustee and Randal J Hruska, Trustee for Pamela J Hruska Living Trust dated June 11 1991 The above named Mortgagor(s) in consideration of the extension of credit identified herein and any future, additional or protective advances made at Mortgagee's option, hereby sell, convey, and mortgage to Farm Credit Services of America, FLCA, 5015 S 118th Street, Omaha, NE 68137, Mortgagee, its successors and assigns, from the date hereof until all obligations secured hereby are paid in full, the following- described real estate in Lincoln County(ies), Wyoming, to wit: Exhibit "A" together with all Mortgagor's right, title, and interest in the property, now or hereafter acquired, including: all buildings, fixtures, timber, timber to be cut, crops, and improvements now on or hereafter placed upon the property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents, issues, uses, income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal resources; all personal property that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached, including any appurtenances and accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended, or renewed by Mortgagor(s), any State, the United States, or any department, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to in this document as the "property." It is understood and agreed between Mortgagor(s) and Mortgagee that this mortgage is given to secure the repayment in full of the following described obligations, regardless of whether Mortgagor(s) is(are) liable thereon, and all future and additional loans or advances, protective or otherwise, which may be made by Mortgagee, at its option, at the request of, and to or for the account of Mortgagor(s), the parties liable under the note(s) or credit agreement(s) or any of them, for any purpose, plus interest thereon, all payable according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying the same. Date of Note(s) or Credit Agreements) 12 '(/2009 Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of TWO HUNDRED THIRTY -SIX THOUSAND ($236,000.00), exclusive of interest and protective advances authorized herein or ih the loan agreement(s). App 462235; CIF 83406; Note 208 FORM 5014, Real Estate Mortgage Principal Amount 236, 000.00 041CB Legal Doc. Date: December 31, 2009 Page 1 C00014 ";x:825 NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED. This mortgage will be due January 1, 2020. Mortgagor(s) hereby warrants that Mortgagor(s) holds fee simple title to the above described property, that Mortgagor(s) has good and lawful authority to mortgage the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Mortgagor(s) will warrant and defend the property at Mortgagor's expense against all claimants whomsoever. Mortgagor(s) also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described property. Mortgagor(s) and each of them further covenant and agree with Mortgagee as follows: 1. To pay all liens, judgments, or other assessments against the property, and to pay when due all assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or privilege assigned to Mortgagee as additional security to this mortgage, including those in or on public domain. 2. To insure and keep insured buildings and other improvements, including fixtures and attachments now on or hereafter placed on the property to the satisfaction of Mortgagee, will on demand furnish said policies or furnish proof of insurance to Mortgagee. Any sums so received by Mortgagee may be applied in payment of any indebtedness matured or unmatured secured by this mortgage, or at the option of Mortgagee may be used to pay for reconstruction of the destroyed improvements. Such insurance will be in an amount at least equal to the lesser of the loan balance, the actual cash value of the collateral, or the replacement cost of the property, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and hail. Mortgagor(s) will obtain and keep flood insurance in force to cover losses by flood as required by Mortgagee and by the National Flood Insurance Act of 1968, as amended, and by regulations implementing the same. Mortgagor(s) further agrees that Mortgagee is not and will not be liable for any failure by me /us or by any insurer, for whatever reason, to obtain and keep this insurance in force. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and in good repair, maintenance, and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Mortgagee may enter upon the property to inspect the same or to perform any acts authorized herein or in the credit agreement(s). 4. In the event Mortgagor(s) fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or maintain any insurance on the property, buildings, fixtures, attachments, or improvements as provided herein or in the credit agreement(s), Mortgagee, at its option, may make such payments or provide insurance, maintenance, or repairs and any amounts paid therefor will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s)from the date of payment until paid. The advancement by Mortgagee of any such amounts will in no manner limit the right of Mortgagee to declare Mortgagor(s) in default or exercise any of Mortgagee's other rights and remedies. 5. In the event Mortgagee is a party to any litigation affecting the property or the lien of this mortgage, including any action by Mortgagee to enforce this mortgage or any suit in which Mortgagee is named a defendant (including condemnation and bankruptcy proceedings) Mortgagee may incur expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by law), costs, expenses, appraisal fees, and other charges and any amounts so advanced will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s) from the date of advance until paid. 6. Any awards made to Mortgagor(s) or their successors by the exercise of eminent domain are hereby assigned to Mortgagee; and Mortgagee is hereby authorized to collect and apply the same in payment of any indebtedness, matured or unmatured, secured by this mortgage. 7. In the event of default in the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure to perform or observe any covenants and conditions contained herein, in the note(s), credit agreement(s), or other instrument(s), or any proceeding is brought under any Bankruptcy laws, Mortgagee, at its option, may declare the entire indebtedness secured hereby to be immediately due and payable and the whole will bear interest at the default rate as provided in the note(s) or credit agreement(s) and Mortgagee may immediately foreclose this mortgage or pursue any other remedy at law or equity, including foreclosure by advertisement with a power of sale in Mortgagee to the extent provided by applicable law. Delay by Mortgagee in exercising its rights upon default will not be construed as a waiver thereof and any act of Mortgagee waiving any specific default will not be construed as a waiver of any future default. If the proceeds under such sale or foreclosure are insufficient to pay the total indebtedness secured hereby, Mortgagor(s) does hereby agree to be personally bound to pay the unpaid balance, and Mortgagee will be entitled to a deficiency judgment. 8. Upon default, Mortgagee will at once become entitled to exclusive possession, use, and enjoyment of the property and to all rents, issues, crops, profits, and income thereof, from the time of such default and during the pendency of foreclosure proceedings and the period of redemption, the delivery of which may be enforced by Mortgagee by any appropriate suit, action, or proceeding. Mortgagee will be entitled to a Receiver for the property and all rents, issues, crops, profits, and income thereof, without regard to the value of the property, or the sufficiency thereof to discharge the mortgage debt and the foreclosure costs, fees, and expenses. Such Receiver may be appointed by any court of competent jurisdiction upon ex parte application, notice being hereby expressly waived. The Receiver will apply all rents, issues, crops, profits, and income of the property to keep the same in good repair and condition, pay all taxes, rents, fees, charges, and assessments, pay insurance premiums necessary to keep the property insured, pay the expense of the receivership and attorney fees incurred by the Receiver, and apply the net proceeds to the payment of the indebtedness secured hereby. Such Receiver will have all the other usual powers of receivers authorized by law and as the court may direct. App 462235; CIF 83406; Note 208 041 CB Legal Doc. Date: December 31, 2009 FORM 5014, Real Estate Mortgage Page 2 OO^001S C., 9. The integrity and responsibility of the Mortgagor(s) constitutes a part of the consideration for the obligations secured hereby. Should Mortgagor(s) sell, transfer, or convey the property described herein without prior written consent of Mortgagee, Mortgagee, at its option, may declare the entire indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any other default. 10. Assignment of Rents including Proceeds of Mineral Leases. Mortgagor(s) hereby assigns, transfers, and conveys to Mortgagee all rents, royalties, bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All such sums so received by Mortgagee will be applied to the indebtedness secured hereby; or Mortgagee, at its option, may turn over and deliver to Mortgagor(s) or their successors in interest, any or all of such sums without prejudice to any of Mortgagee's rights to take and retain future sums, and without prejudice to any of its other rights under this mortgage. This assignment will be construed to be a provision for the payment or reduction of the mortgage debt, subject to the Mortgagee's option as hereinbefore provided, independent of the mortgage lien on the property. Upon payment in full of the mortgage debt and the release of this mortgage of record, this assignment will become inoperative and of no further force and effect. 11. This Mortgage constitutes a Security Agreement with respect to all the property described herein. 12. The covenants contained in this mortgage will be deemed to be severable; in the event that any portion of this mortgage is determined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the mortgage. Randal Hruska Living Trust ated June 11 1991 By A4.., .A nda1J �ruska „!r st-e Pamela .J "Aruska Li By amela J Hrus g Trust ed 1991 t T ustee STATE OF C 0 ass COUNTY OF LvP By By TRUSTEE ACKNOWLEDGMENT P: mela J Hrus a /ru tee Randal J Hruska, s ee On this f day of joh Z©/ O before me, a Notary Public, personally appeared Randal J Hruska and Pamela J Hruska Trustee(s) for Randal J Hruska Living Trust dated June 11, 1991 to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed as such Trustee(s) for the purposes therein mentioned. (Type name under signature) Notary Public in and for said County and State App 462235; CIF 83406; Note 208 041 CB Legal Doc. Date: December 31, 2009 FORM 5014, Real Estate Mortgage Page 3 TRUSTEE ACKNOWLEDGMENT STATE OF e )ss COUNTY OF d C110827 �.�O p ass On this day of „IA 0 before me, a Notary Public, personally appeared Pamela J Hruska and Randal J Hruska Trustee(s) for Pamela J Hruska Living Trust dated June 11, 1991 to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that executed the same as voluntary act and deed as such Trustee(s) for the purposes therein mentioned. (Type name under signature) 1/ Notary Public in and for said County and State App 462235; CIF 83406; Note 208 041 CB Legal Doc. Date: December 31, 2009 FORM 5014, Real Estate Mortgage Page 4 Ordcr No: 6010918595 LEGAL DESCRIPTION EXHIBIT `A' 00 ,1:1828 Parcel 1 That part of the South Half of the Northeast Quarter and that part of the Southeast Quarter of Section 9 and that part of the Southwest Quarter of the Northwest Quarter and that part of the Northwest Quarter of the Southwest Quarter of Section 10, Township 31 North, Range 119 West, Lincoln County Wyoming, being part of those tracts of record in the Office of the Clerk of Lincoln County in Book 385 uI' Photostatic Records on page 592, in Book 386 of Photostatic Records on page 345 and in Book 496 of Photostatic Records on page 742, described as follows: BEGINNING at a point on the west line of said Southeast Quarter, South 00 °26'50" West, 110.36 feet from the southwest corner of the North Half of the Southeast Quarter of said Section 9; thence North 89 °53'03" East, 496.47 feet, to a position on the centerline of the Fairview (Crow Creek) Canal; Thence coursing said centerline as follows: North 17 °36'55 East, 88.65 feet to a position; North 24 °38'48" East, 140.26 feet to a position; North 45 °32'30" East, 146.94 feet to a position; North 51 °34'26" East, 140.87 feet to a position; North 61 °23'38" East, 62.83 feet to a position North 71 °20'11" East, 161.69 feet to a position; South 79 °45'53" East, 106.26 feet to a position; South 71 °52'29" East, 253.94 feet to a position; South 77 °51'22" East, 80.57 feet to a position; South 89 °55'53" East, 38.60 feet to a position; North 78 °28'16" East 211.56 feet to a position; North 61 °33'03" East, 113.25 feet to a position; North 70 °33'34" East, 209.19 feet to a position; North 45 °24'52" East, 243.25 feet to a position; North 76 °10'00" East, 110.22 feet to a position; North 63 °39'22" East, 59.56 feet to a position; North 45 °32'02" East, 68.94 feet to a position; North 17 °15'39" East, 231.69 feet to a position; North 36°15'33" East, 107.37 feet to a position; North 52°04'18" East, 156.24 feet to a position; North 33 °38'51" East, 98.06 feet to a position; North 21 °44'38" East, 112.62 feet to a position; North 75 °16'56" East, 88.41 feet to a position; North 61 °59'58" East, 49.89 feet to a position; North 05 °01'20" East, 81.98 feet to a position; North 29 °44'28" West, 152,68 feet to a position; North 23 °26'47" West, 163.51 feet to a position; North 09 °32'18" East, 117.85 feel to a position; CiOq:1)829 North 30 °51'08" East, 145.01 feet to a position; North 19 °30'39" East, 64.29 feet to a position on the north line of said tract of record in Book 386 and leave saki centerline; thence North 89 °47'19" West, 77.99 feet, to the southwest point of that tract of record in said Office in Book 410 of Photostatic .Records on page 185; thence North 00 °26'00" East, 395.29 feet, parallel with the east line of said South half of the Northeast Quarter, along the west line of said tract in Book 410, to the southeast point of that tract of record in said Office in Book 471 of Photostatic. Records on page 534; thence North 89 °34'00" West, 500.98 feet, along the south line of said tract in Book 471, to the southwest point thereof; thence North 00 °25'00" East, 258.04 feet, along the west line of said tract in Book 471, to the northwest spike thereof on the north line of said South Half of the Northeast Quarter; thence South 89 °38'12" West, 60.01 feet, along said north line, to the northwest spike of that tract of record in said Office in Book 466 of Photostatic Records on page 784; thence South 00 °25'00" West, 257.21 feet, along the east line of said tract in Book 466, to the southeast point thereof; thence North 89 °34'05" West, 247.50 feet, along the south line of said tract in Book 466, to the Soutwest Sury -Kap thereof; thence North 00 °25'19" East, 253.77 feet, along the west line of said tract in Book 466, to the northwest spike thereof on the north line of said South Hall' of the Southeast Quarter; thence South 89 °38'12" West, 1375.40 feet, along said north line, to the northeast point of that tract of record in said Office in Book 462 of Photostatic Records on page 839; thence South 11 °43'30" West, 204.52 feet, along the east line of said tract in Book 462, to the southeast point thereof; thence South 89 °38'12" West, 500.00 feet, along the South line of said tract in Book 462, to the southwest point thereof on the west line of said South Half of the Northeast Quarter; thence South 00 °26'50" West, 1131.97 feet, along said West line, to the southwest corner of said South Half of the Northeast Quarter; thence continuing South 00 °26'50" West, 1421.01 feet, along the west line of said Southeast Quarter, to the POINT OF BEGINNING. LESS AND EXCEPT the land described in Warranty Deed recorded August 8, 2008 in Book 701 on page 817 of the records of the Lincoln County Clerk. Parcel 2 Township 31 North Range 119 West of the 6 P.M., Lincoln County, Wyoming Section 7: Northeast Quarter, West Half of the Southeast Quarter, Lots 2 and 3 Section 18: Lot 2 Section 5: Southwest Quarter; and, West Half of the Southeast Quarter Section 8: Lots 1, 2 and 3 Section 6: Commencing at a point which is the Northeast corner of the Southeast Quarter of the Southeast Quarter of Section 6 and running thence South, 80 rods; thence West, 80 rods; thence in a Northeasterly direction to the point of beginning. Ra dal J. Hruska STATE OF INDIVIDUAL ACKNOWLEDGMENT ss COUNTY OF v� On this day of 2010, before me, a Notary Public, personally appeared Randal J. Hruska and Pamela Hruska to me known to be the foregoing instrument, and acknowledged that they executed &sires EitatO7 -307 4' sit 4\• Pamela J. Hruska Doc.Description /Id: Notari Name: NOTARY CERTIFICATE, STATE OF HAWAII 4 fir 4A I 4 Doc. Date: e Donkerbrook A 341114).4 ifs Signature 7 Cert. Date Pages 3 r Third Circuit -tA-6d4; 0 4 IMM 0 person(s) named in and who executed the the same as their v•Iuntary act and deed. ota s Name] Notary PL blic in and for said County and LYNNE DONKERBROOK Expiration Date: June 24, 2011