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This document is being, recorded
by Southwest Title Company
06 a courtesy only.
BOOK4b2 PR PAGE 3 6
This MOri gage
1110113
ass
RECEIVED
LINCOLN COUNTY CLERK
01 AP a ro P!'1 2 8
1`11
DANIEL G G. RIECK, OF P 0 P.O. BOX 13274 JACKSON, WY I� f9i itr i*e y I rtiltd d
collectively called "MORTGAGOR to secure the payment of NINETY -SIX THO
DOLLARS (S96,000.00), with interest thereon, as provided in and evidenced by a
promissory note of even date herewith (the ultimate maturity date of which is the 1st day of
March, 2002.) and all renewals, modification and extensions thereof, do hereby mortgage unto
RUSSELL E. REINHART, (herein called "MORTGAGEE the following described real
property, situate in the County of Lincoln, State of Wyoming, hereby releasing and waving all
rights under and by virtue of the homestead exemption laws of the State of Wyoming, to -wit:
LOT 36 OF NORDIC RANCHES DIVISION NO. 3, LINCOLN COUNTY, WYOMING
ACCORDING TO TI•IAT PLAT FILED APRIL 6, 1993 AS PLAT NO. 311 -B.
DRESS: 272 SADDLE DRIVE, ETNA, WYOMING B3118
ORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
ments and charges levied against the Property, as the same become due and payable;
ecure, maintain and furnish MORTGAGE evidence thereof, insurance with an insurance
carrier or carriers acceptable to MORTGAGEE, covering he 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 of 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
assigned, 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 alh 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 day of e-i<Z '2 20
State of Wyomi
County of
Witness my hand and official seal.
My Commission Expires: p o? O- e QQ'
872588
MORTGAGE
The foregoing instrument was acknowledged before me by DANIEL G. RIECK this.
day of 20 0/
DANIEL G. RIECK
Notary Public
JILL H. LARSON-htoARy PUBLIC
County of
State of
LWoln Wyoming
NV Commission Em res June 20, 2003