HomeMy WebLinkAbout9548366011019305
Dean Watterson, of PO Box 148 Kemmerer, WY 83101, (herein collectively called
`MORTGAGOR to secure the payment of $90,000.00, with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate
maturity date of which is August 5, 2020) and all renewals, modification and extensions
thereof, do hereby mortgage unto Cecil L. Kole, Trustee of the C.L. Kole 1998
Revocable Trust of 22515 Hwy 39 Stark, KS 66775 (herein called "MORTGAGEE
the following described real property, situate in the County of Lincoln, State of WY,
hereby releasing and waiving all rights under and by virtue of the homestead exemption
laws of the State of Wyoming, to -wit:
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessments and charges levied against the property, as the same become due and
payable; to secure, maintain and furnish MORTGAGEE evidence thereof, insurance with
an insurance carrier or carriers acceptable to MORTGAGEE, covering the insurance
improvements on the Property against loss by fire and earthquakes, with extended
coverage, in an amount not less than the unpaid balance of the debt hereby secured, or the
insurable value (replacement cost) of such improvements, whichever is less, which
insurance shall contain an appropriate loss payable provision protecting MORTGAGOR
and MORTGAGEE as their respective interests may appear from time to time. In the
event MORTGAGOR fails to pay such taxes or assessments, or fails to keep and
maintain such insurance as herein provided, MORTGAGEE may pay such taxes and
assessments and may secure and pay for such insurance, 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 of 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 the
MORTGAGEE first had and obtained, then the whole indebtedness hereby secured, with
interest thereon, shall become due and payable, at the option of MORTGAGEE, and
MORTGAGEE'S legal representatives and assigns, may proceed by advertisement and
sale /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
the MORTGAGOR only.
Witness our hands this 7 day of
Dean Watterson
MORTGAGE
See Exhibit A
,2010,
C00741
RECEIVED 8/10/2010 at 2:47 PM
RECEIVING 954836
BOOK: 751 PAGE: 741
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
State of Wyoming
County of Lincoln
This Instrument was acknowledged before me on cf day of l/u
2010 By Dean Watterson.
LORI KALAN NOTARY PUf?:`...
C OUNTY OF i i;. siHrE or
\h WYOMING
LI r.A,u
My Commission Expires Feb I,.6 ,n,,
(Signature of Notarial Officer)
My Commis
on E Aires
eitU.0742
Exhibit A
File 6011019305CG Description
c, OCi 743
The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is
described as follows:
Southwest Quarter Southeast Quarter of Section 15, Township 71 North Range 117 W est of thc 6 t��
P.M., Lincoln County, Wyoming. A
EXCEPTING TEEREFRQM a portion of the Southwest Quarter South Qu of Section 15, 21 North, Range 117 West of the 6 PM, Lincoln County, Wyoming, more particularly
described as follows: Commencing at the Southeasterly corner of said Southwest Quarter Southeast
Quarter of said Section 15;
thence South 89 °461 West along the S oun da ry of said n
along the South .,u�...� °ujluai boundary of �atu erection 15, 173.93 feet to the Point of
Beginning of this description;
thence continuing along the South boundary of said Section 15, South 89 °46'13" West, 1143.94 feet to
the Southwest corner of the Southwest Quarter Southeast Quarter of said Section 15;
thence North 00 °02'10" West along the West boundary of said Southwest Quarter Southeast Quarter
of Section 15, 1250.86 feet to the centerline of an access road;
thence South 42 °34'11" East along the centerline of said access road, 1692.26 feet, more or less to the
point of Beginning of this description.