HomeMy WebLinkAbout952391MORTGAGE
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MJJ, LLC a Wyoming Limited Liability Company (herein called
"MORTGAGOR to secure the payment of Seven Hundred Thirty Five Thousand
Six Hundred Seventy Five and 86 /Dollars ($735,675.86), as provided in and
evidenced by promissory notes executed by Mortgagor and made payable to
Mortgagee dated 10/19/06, 1/16/07, 2/2/07, 2/20/07, 3/19/07, 3/22/07,
4/13/07, 5/16/07, 7/31/07, 1/8/08, 7/18/08 and 5/28/09 (the ultimate maturity
dates of which are seven calendar days after a demand is made thereunder) and all
renewals, modifications and extensions thereof, does hereby mortgage unto Savit
Associates, LLC (herein called "MORTGAGEE the following described real
property, situated in the County of Lincoln, State of Wyoming, hereby releasing
and waiving all rights under and by virtue of the homestead exemption laws of the
State of Wyoming, to -wit:
Lots 7A and 7B, Block 5 of the Lincoln Heights Fifth
Addition, Third Filing, Lincoln County, Wyoming as
described on the official plat filed on August 16, 1985 as
Instrument No. 641092 of the records of the Lincoln County
Clerk.
Lots 3A and 3B of Block 2 of the Lincoln Heights 5
Addition, Second Filing, to the City of Kemmerer, Lincoln
County, Wyoming as described on the official plat filed on
May 2, 1985 as Instrument No. 634485 of the records of the
Lincoln County Clerk.
Lots 7A and 7B of Block 1 of the Lincoln Heights 5th
Addition, First Filing to the City of Kemmerer, Lincoln
County, Wyoming as described on the official plat filed on
September 7, 1983 as Instrument No. 603378 of the records
of the Lincoln County Clerk.
TOGETHER with all and singular the improvements and
appurtenances thereon or thereunto appertaining (the
"Property").
MORTGAGOR agrees to pay the indebtedness hereby secured, plus
interest, and any other costs or fees provided for in the notes referred to herein; to
pay all taxes, assessments and charges levied against the Property, as the same
become due and payable. In the event MORTGAGOR fails to pay such taxes or
assessments, MORTGAGEE may pay such taxes and assessments, and all sums so
paid shall be added to and considered a part of the indebtedness hereby secured
and shall draw interest at the same rate.
In case default shall be made in the payment of the above sums hereby
secured, or in the payment of the interest thereon, or any part of such principal or
interest, when the same shall become due; or in case default shall be made in any
of the covenants and agreements thereof, or in the event MORTGAGOR sells or
conveys the Property, or any part thereof, or any interest therein, without the prior
written consent of MORTGAGEE first had and obtained, then the whole
indebtedness hereby secured, with interest thereon, shall become due and payable,
RECEIVED 3/4/2010 at 10:54 AM
RECEIVING 952391
BOOK: 743 PAGE: 287
JEANNE WAGNER
rnICnt N c:OUNTY CLERK, KE WY
at the option of MORTGAGEE, and MORTGAGEE'S legal representatives and
assigns, may proceed by advertisement and sale and /or as otherwise authorized
by governing law, to foreclose on and sell the Property, and out of the proceeds of
such sale, MORTGAGEE shall pay all sums due hereunder, together with all costs
of sale, including reasonable attorney's fees. If the proceeds of the foreclosure sale
are insufficient to pay the indebtedness hereby secured and foreclosure costs,
MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of foreclosure occurs
hereunder, MORTGAGEE shall at once become entitled to exclusive possession,
use and enjoyment of the Property, and to all rents, issues and profits from the
accruing of any such rights and during the pendency of the foreclosure
proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by
through or under MORTGAGOR only.
THE PROPERTY IS NOT AGRICULTURAL PROPERTY AS DEFINED IN
WYO. STAT. 1 -18 -103.
WITNESS my hand this 317A day of March, 2010.
STATE OF WYOMING
COUNTY OF L
The foregoing instrument was acknowledged before me by
�1/1n 04'14 1 T (i/t t o n this day of March, 2010.
Witness my hand and official seal.
ISA M. PADDLEFORD NOTARY PUBLIC
County of :.a State of
Teton Wyomi,g
My Commission Expires September 1Z u
ss
My Commission Expires: et- (7-
MJJ, LLC
By: in
Name:
Title: IONIC(
Address of MORTGAGOR:
P.O. Box 610
Jackson, Wyoming 83001
Notary Public
Mortgage Lincoln Heights, Kemmerer, Lincoln County, WY
MJJ, LLC and Savit Associates, LLC
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