HomeMy WebLinkAbout955359WHEN RECORDED RETURN TO:
Name:
Address:
S.A.L.L. ENTERPRISES, LLC
P.O. Box 3189
Alpine, WY 83128
MORTGAGE
OVERLAND PROPERTIES ALPINE, LLC, a Utah limited liability company, Mortgagor of Salt Lake City,
County of Lincoln, State of Utah, hereby mortgage to S.A.L.L. ENTERPRISES, LLC, a Wyoming limited
liability company, Mortgagee of P.O. Box 3189, Alpine, WY 83128 for the sum of Seventy. Thousand Six
Hundred dollars and Zero cents ($70,600.00) 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 1 of the GREYS RIVER COVE ADDITION TO THE TOWN OF ALPINE, Lincoln County,
Wyoming, as shown on the official plat thereof filed June 10, 2010, as Receiving No. 953886, in the
Office of the Clerk of Lincoln County, Wyoming, as Plat No. 953886.
This mortgage is given to secure the following indebtedness: one note of even date herewith for $70,600.00 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 legal 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, r its successor. y�
WITNESS the hand of said Mortgagor, this 51 day of Zie) E
OVERLAND PROPERTIES ALPINE, LLC
Kenneth Holman, M; ger ofOV j AND
PRO 'ERT .s.���1►i C
STATE OF
COUNTY OF
OtekVI
Notary •u. ic:
My commission expires
Land Title Company File Number: 63005df
Mortgage Buyer Ind
Page I of 1
ss.
On the 2., day of i A.D. 2010 personally appeared before me Kenneth Holman
who being by me duly sworn did say, each for himself, that he is the members /managers of
Overland Properties Alpine, LLC, a Utah Limited Liability Company and that the within and
foregoing instrument was signed on behalf of said Limited Liability Company by authority of its
Articles of Organization and each duly knowledged to me that said Limited Liability Company
e cuted the same.
HEATHER MITCHELL
Notary Public
State of Utah
Comm. No. 578233
My Comm. Expires Apr 1, 2013
/261
RECEIVED 9/7/2010 at 3:20 PM
RECEIVING 955359
BOOK: 753 PAGE: 261
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY