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HomeMy WebLinkAbout87358903014462 ~Q,~ RELEASES This Mori 9"e IDOL mHTOCES r' F ECEIVE+D L1C~C 0 1- 1! C,01 ,sTY CLERK 873589 01 lt!AY 31 11: 6 MORTGAGE 'B and Associates, LLC, a Wyoming Limited Liability Company KE M N l L F `'t, V'' 7 C ;i 1 N G crtgagors of Al*t h e , county of 1" f) State of Wyoming, hereby mortgage to 1DY W, SHQMWAY AND RAN'EM SW WAY, husband and wife Y 1 I ~rtgageeof 2325 Hi hway 241 Afton, WY 83110 BOOK ~ PR PAGE the sum of ONE HRED FOUR fHOUSAND AND NO/100 following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving rights under and by virtue of the homestead exemption laws of the state, to wit: EXHIBIT "A" ATTACHED HERETO s mortgage is given to secure the following indebtedness: v' a note of even date herewith for $104,000.00 made payable at the times and place and at the rate of ir> erest specified in the note- his mortgage is intended to eover the rents and profits Of said property, and cotuant is hereby given after default, for the appointment of a ce3ver by any competent court and the receiver is hereby authorised to rent the said prOpcm, and apply the proceeds on this obligation. f in Mottgagoo agree to keep tht by bthe uildings mortgaow on said Premi any payab~te mo ted thereon fully insured against loss by fire in some e Mon a ots also agree 8 g to pay all taxes and assessments on said premises, including any assessments that may be ]bvttd on water ri is 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 a iis mortgage or the debt secured thereby. and reasonable attorney's fees in case of foreolosure, or the commencement of any legal ?r oeedin s or foreclosure of the same, and said artorne s fats shall be added to the amount due on this Mortgage, l and trade alien the u 'scs described herein. In case of default in the payment of any sun covenanted to be paid. either the principal or Interebt when the e e shall become due and payable, or in case of default in the performance of arty covenant herein contained, the whole amount of this n ebtedness secured herein may be immediately declared due and payable, and to bear interest at the rats of 10 percent per annum from h date of such default, and this , mortgage foreclosed at the option of the legal holder. In the event of default, Mortgagors grant to d rigagees a Power of Sale to foreclose on and sell said property as public auction pursuant to 34-4-101 et W, Wyo, Stat, 1977, or its u essor, TNESS the hand of said mortgagor, this 25 day of MkY A.D. 2001 otof7:~: Dan d ssoc' es n Pu Putnam, m, Hangar of W`&Aldl= ty of yNCOLO On the Z 6 rw day of MA'Y 'r of JDB and Associates, LLC, the w~VWPJN-NOTARYPUBW *-i*j to bate of UNWW 0 WY=kv in. -(NIA WYo M I AIG A.D. 2001, personally a ed before me Dan Putnam, ter of the within itn'tn nt, who duly aclciowled0d to Notary LAND TITLE Comm CTO'd L96C# 9D*90 T00Z,4i','x`w 0873589 Exhibit "A" _ DCOPY ESCRIPTION FOR ODY W. SHUMWAY AND RaNELL SHUMWAY C) J , j RANCH PARCEL 13 - AMENDED t 164 secs To-wit: - - That Part of the S''/2SEVI of Section 27 and that art of the NV2N.EV4 Of Section 34,T36N RI 19W, Lincoln County, Wyoming, including part of that tract of record in the Office oft the, Clerk of Lincoln County in Book 344 of Photostatic Records on page 99, described as follows: BEGINNING at an intersection of the south line of said S%2SE 4"with the westerly right-of- way line of U.S. Highway 89, S890-53'-26"W, 50.11 feet from the southeast corner of said S VISE V4; thence N000-04'-09"E, 589.50 feet, along said westerly right-of-way line, to a point; thence N890-53'-58"W, 1277.74 feet to a point on an existing fence line; thence S00°-25'-26"W, 611.62 feet, along said fence line, to a point at an fence corner; thence S890-43'-54"E, 1281.53 feet, along an existing fence line, to a point at a fence corner; thence N000-04'-09"E, 25.87 feet, along said westerly right-of-way line, to the POINT OE BEGINNING; ENCOMPASSING an area of 18.02 acres, more or less; the BASE BEARING for this survey is the east line of the SE !1 RI 19W, being N000-00'-06"W; of Section 27, T36N, each "corner" found as described in the Corner Record filed in the Office of the Clerk of Lincoln County; each "point" marked by a 5/8" X 24" steel reinforcing rod with a 2" aluminum cap inscribed, "SURVEYOR SCHERBEL LTD AFTON WY PLS 5368" or "SURVEYOR SCHERBEL LTD BIG PINEY WY PLS 3889", with appropriate details; s1I in accordance with the plat prepared to be filed in the Office of the Clerk of Lincoln 2ounty titled, "PLAT TO ACCOMPANY AMENDED PARCEL DIVISION kPPLICATION FOR RANCH PARCEL A - AMENDED AND RANCH PARCEL 13 - %.MENDED FOR J'ODY W. SHUMWAY AND RaNELL SHUMWAY WITHIN THE >%2SE'/+ SECTION 27 NV2NE'/ SECTION 34 T36N RI 19W LINCOLN COUNTY, IVYOMING", da ed 15 May 200 evised 3 April 2001. 4 22001 000 Revise ~'°68~t+9. i 5 May ty`~L!t~ ` OM1NG I 11 'Modification in any way of the foregoing description terminates liability of the surveyor" zTO'd csse# 9U%90 IOOZ152'xtt~