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HomeMy WebLinkAbout955790When recorded mail to: END -IRA INC., FOB Donald L. Azevedo, IRA Reference Account 09043074 11070 W Century Dr 101 Louisville, CO 80027 FOR VALUE RECEIVED, Gary Evan Dustin and Rebecca Anne Dustin, the "Mortgagors do hereby grant, bargain, sell and convey unto END -IRA INC., FBO Donald L. Azevedo, IRA Reference Account 09043074, collectively the "Mortgagees the following described premises, in Lincoln County, WY: LOT (40) IN PRATER CANYON ESTATES UNIT FOUR (4), LINCOLN COUNTY, WYOMING, AS DESCRIBED ON THE OFFICIAL PLAT THERETO. TO HAVE AND TO HOLD the said premises, with their appurtenances, unto the said Mortgagees, their heirs and assigns forever. This conveyance is intended as a mortgage to secure the Promissory Note dated in the amount of $202,000.00, plus interest payable to the Mortgagee, with final payment due October 10, 2015, and providing for acceleration of the due date of the principal for default in the payment of interest or any installment of principal, and providing for a reasonable attorney's fee in case of suit of action. The Mortgagors covenant and agree with the Mortgagees as follows: That they are the owners in fee simple of the above described premises and that they are free from all encumbrances except as provided on the conveyance deed to them, and except this Mortgage. That they will pay the indebtedness hereby secured promptly, according to the terms of said Promissory Note. That they will pay all taxes, liens and assessments of any nature hereafter levied or imposed, or becoming payable, upon said premises not later than the twentieth day before delinquency. If the Mortgagors shall fail to pay any such tax or lien, the Mortgagees may pay the same, and all payments by the Mortgagees for any such purpose shall be added to the indebtedness hereby secured, and shall be repayable on demand, with interest at the rate of eighteen percent (18 per annum until paid. For the purpose of further securing said indebtedness and performance of the covenants herein contained, the Mortgagors hereby sell and assign to the Mortgagees any and all rentals accruing, or to accrue on said premises, during the life of this Mortgage. If the said Mortgagors shall pay or cause to be paid all moneys which may become due upon said Promissory Note and shall otherwise comply with the terms and conditions hereof, this conveyance shall be void; but in case default shall be made in the payment of the indebtedness hereby herein contained, then the Mortgagees or their assigns, at their option may declare the entire indebtedness hereby secured immediately due and payable, and foreclose this Mortgage and cause said mortgaged premises to be sold in the manner provided by law, and out of the moneys arising from such sale retain principal and interest together with any sums advanced as provided herein, with interest as aforesaid, together with the costs and charges of such foreclosure suit and sale, including such sums as the court may adjudge reasonable as an attorney's fee to be allowed the plaintiff, and the overplus, if any there be, pay over to the Mortgagors, their heirs and assigns. Dated this C 1/2- 4 25 ,2010. G ead and appro e by ebecca Anne l ustin Donald L. Azevedo State of (U\fv\ `v' J County of L_4N.0 o \-P\ :ss On -T 2010, personally appeared before me Gary Evan Dustin and Rebecca Anne Dustin, signers of the within instrument, who duly acknowledged to me that they executed the same. Notary P`blic Residing: k_,..;\v c Expires: Cl Dok\ REAL ESTATE MORTGAGE RECEIVED 9130/20 38 PM RECEIVING 955790 BOOK: 754 PAGE: 781 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Dyanna Parker County 0 Lincoln My Commission E Notary Public State of Wyoming Tres June 29, 2011