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SEE 800K OF MJRTGAiES
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P CEIvLU
LINCOLN COUNTY CLERK
John Thomas Tobin, I L4 1 �1E: �tER. VOWING
J Jr. and 'Icicle A. Tobin, of P.O. Box 1688, Jackson,
Wyoming 83001, (herein called "MORTGAGOR to secure the payment of Fifteen
Thousands Dollars ($15,000.00), together with interest thereon at the rate of eight
percent (8 per annum, being due and payable in twenty -four (24) equal monthly
installments of principal and interest, in the amount of Six Hundred Seventy Eight
Dollars and Forty Cents ($678.40) each, the first of such YYi tall a is 4f principal
and interest being due and payable on the 16`"id p ay of A ,n ±4 with like
installments being due and payable on the same day of each month for twenty
three (23) months thereafter, with the final installment to include the entire
remaining principal balance due together with all accrued and unpaid interest and
costs, as provided in and evidenced by a promissory note of e' e #erewith
(the ultimate maturity date of which is the 16 of i 0) and all
renewals, modifications and extensions thereof, does hereby mortgage unto
Sharon M. Gill, of P.O. Box 503, Jackson, Wyoming 83001, (herein called
"MORTGAGEE the following described real property, situate in the County of
Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws of the State of Wyoming, to -wit:
Lot 6 of the Lazy B Subdivision, Lincoln County, Wyoming
according to that plat recorded in the Office of the Lincoln
County Clerk on December 31, 1991, as Instrument No.
742138.
TOGETHER with all and singular the improvements and
appurtenances thereon or thereunto appertaining (the
"Property").
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 insurable `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 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 MORTGAGEE first had and obtained, then the whole
indebtedness hereby secured, with interest thereon, shall become due and
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