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HomeMy WebLinkAbout955283WHEN RECORDED RETURN TO: Name: GAYLON G. HEINER Address; KRISTI HEINER JOHN C. BEATTY, Trustee of the BEATTY TRUST DATED FEBRUARY 22, 1990, Mortgagor of, 200 Cedar Lane, Woodland, CA 95695 County of Sacramento, State of, California hereby mortgage to GAYLON G. HEINER and KRISTI G. HEINER, husband and wife as tenants by the entireties, Mortgagee of, 3549 County Road 123, Bedford, WY 83112, for the sum of One Hundred Fifty Thousand dollars and Zero cents ($150,000.00) 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 106, PINE VIEW AIRPARK SECOND FILING, A SUBDIVISION, as shown on the official plat filed October 23, 2009, as Receiving No. 950153, in the office of the Clerk, Lincoln County, Wyoming. Situate within the Northeast Quarter of the Northeast Quarter, Section 10, Township 33 North, Range 118 West. This mortgage is given to secure the following indebtedness: one note of even date herewith for $150,000.00 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 Iegal 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. Signed in the presence of JO BEATTY, Trustee oft he TTY TRUST D D FEBRUARY 22, 1 990 STATE OF CALIFORNIA COUNTY OF SACRAMENTO On this 27th day of August 201 personally appeared before me, JOHN C. BEATTY, Trustee of the BEATTY TRUST DATED FEBRUARY 22, 1990 who acknowledged to me that he /she /they executed the same. Witness my hand and officia MORTGAGE gagor, this 27th day of August 2010 ss. Notary Public: '4j o r n AS My commission expires 0 C I `t ao I Land Title Company File Number: 63133df Mortgage Buyer Ind Page 1 of 1 RECEIVED 9/1/2010 at 10:52 AM RECEIVING 955283 BOOK: 753 PAGE: 92 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY MAUREEN A. THOMAS, CoMM. 1699433 r NOTARY PUBLIC• CALIFORNIA SACRAMENTO COUNTY Exp. OcT. 17, 2010' 092