HomeMy WebLinkAbout872569RELEASE O�
//r j
This ,Mortgage
SEC 1300K-. j: ._.If i4ORT&AtES
PAlif r
BOOK 462 PR PAGE 311
872569
MORTGAGE
RECEIVED
LINCOLN COUNTY CLERK
01 APR --9 AN 11: O
KEMMERiwlt. 'WYOMING
KNOW ALL MEN BY THESE PRESENTS, that Kelly A. Johnson and Celia A.
Johnson, husband and wife, herein referred to as "mortgagor of PO Box 133, Smoot,
WY 83126, to secure the payment of the principal sum of Forty -five Thousand and
No /100 Dollars ($45,000.00), with interest as evidenced by a Promissory Note dated of
even date herewith to the order of Boyd L. Eddins and Jane P. Eddins, Trustees of
the Boyd L. Eddins and Jane P. Eddins Family Revocable Trust dated July 21, 1997, of
PO Box 246, Afton, WY 83110, "mortgagee principal and interest to be payable as
follows:
With interest on the unpaid balance thereof from the date hereof until paid at
the rate of 6% per annum payable in consecutive, equal annual amortized
installments of principal and interest in the amount of $10,682.84 on April 6 of
each year beginning April 6, 2002, and continuing to April 6, 2006, when with
the entire remaining balance is due and payable in full. Prepayments of
principal may be made at any time in any amount without penalty.
hereby mortgages to mortgagee, the following described real estate, situated in the
County of Lincoln, State of Wyoming:
Parcel C
That part of the SE1 /4NE1/4 of Section 7, T3ON, R118W, Lincoln County,
Wyoming, being part of that tract of record in the Office of the Clerk of
Lincoln County in Book 400 PR, page 384, more particularly described on
the attached "Description for Boyd L. Eddins and Jane P. Eddins Family
Revocable Trust, dated 21 July 1997 Parcel C
Parcel A -2
That part of the S1/2SE1/4NE1/4 and that part of the N1/2NE1/4SE1/4 of
Section 7, T3ON, R118W, Lincoln County, Wyoming, being part of that
tract of record in the Office of the Clerk of Lincoln County in Book 400 PR,
page 384, more particularly described on the attached "Description for
Boyd L. Eddins and Jane P. Eddins Family Revocable Trust, dated 21
July 1997 Parcel A -2
1
i(padoad pies uo
aanleu liana to saoueagwnoua pue `suoi }e6ilgo `saiiiligeil `sainal `sTuauassasse 'saxel
ay} aein6uis pue Ile Aed o} `Jaq }ia .10 `a6e6poI sigl pue aloN pies ui a04 papinoad Aauow
�o
swns aaq }o pue isaaaTul pue lediouud all `anp uagM `Alidwoad Aed of •Z
•i(padoad
aqf ua0a4 sii4oad pue `sanssi 'qua' Ile aa6e6}aoua o} sAanuoo pue `aano s }as 'su6isse
itgaaaq 'Agaaagl paanoas alou aqi pue a6e6pow sigl a04 *noes aag}an4 se `JobeNow
`aTou agi. ui palelndi }s sTuew/ ed Aue ui Tinelap 40 aseo ui
:sM011o4 98 096e6poua goiM sTueuanoo ao6e6poua puy
•aanaosuaogM
suosaad He Jo swielo In. ei aqT Tsuie6e sasivaaad aqg 4o awl eq} pua4ap pue 1ueaaeM
o� slueuenoo Agaaaq pue saoueaquanoua lle woij aaaj aae Aaq} Teql `sasivaaad aq�
4o pesias AIInJMei si slueuanoo pue 6uivao/(M 4o aleis 40 sMei pea}sawoq
aq} 4o anpin i(q pue aapun sTg6u iie senieM pue sagsinbuilaa Agaaaq ao6e6poiN
•sasivaaad al; L IM UO1ToauUOO ui pasn
ao O pagoene aaT4eaaaq JO Mou juauadinba pue saanlxi4 6ui }g6il pue `6uReaq `6uiquanid
Ile pue '4oaaagi. %oad pue `sanss! sjuaa `siepuieuaaa pue aapuieuaaa `SUOISJanaa
pue UOISJOAOJ pue `6uiuiepadde JeJeaaaq JO Mou esiMAue ui JO `6ui6uoiaq
olunaaagl slg6p aaq o Ile pue saoueua}andde pue sluaweppaaaq gm\ aagTa6oj :uoaaagll
papaaa aq aaT4eaaaq Aeua leg; ao uoaaagl sTuawanoadw! pue s6uipiinq Ile 6uipnioui
•paooaa ao lg6is 4o AeM 4o slg6ia
pue suopnaasaa `suopia1saa `suoildaoxa `swauaasea Ile Ol io rens
•spuei pegiaosap
aq� q1!M paJeioosse slg6u aaTeM pue aaTeM Ile H1IM IA 90.1.
•spuel pagposap aq�
glint paTeioosse saoluea6 i(q pauMO Ieaauiva Ile H1IM 2:13H139O1
IC
0872569
3. To perform, comply with, and abide by each and every the agreements,
stipulations, conditions, and covenants, set forth in said Note and this Mortgage or
either.
4. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said Note or the
Mortgage accrued or thereafter accruing.
5. Nothing shall be done on or in connection with the property that may
impair mortgagee's security hereunder; mortgagor will commit, permit or suffer no
waste, impairment or deterioration of the property nor any part thereof, and the property
shall be continuously maintained in good and sightly order, repair, and condition by
mortgagor at his expense.
6. In case mortgagor defaults in the payment of ground rents, if any, taxes,
assessments, water, or other governmental or municipal charges, or other lawful
charges as herein provided, mortgagee may without notice or demand pay the same
and in case of any failure on the part of mortgagor to comply with the covenants of
Paragraph 5 hereof, mortgagee may effect such repairs as it may reasonably deem
necessary to protect the property, at the expense of mortgagor. Mortgagor shall repay
such sums so paid and all expenses so incurred by mortgagee, with interest thereon
from the date of payment, at eighteen percent (18 per annum, and the same shall be
a lien on the premises and be secured by the note and by these presents; in default of
making such repayments the whole amount hereby secured if not then due shall, if
mortgagee so elects, become due and payable forthwith, anything herein contained to
the contrary notwithstanding.
7. In the event the property is sold under foreclosure and the proceeds are
insufficient to pay the total indebtedness secured hereby, mortgagor binds himself
personally to pay the unpaid balance, and mortgagee will be entitled to a deficiency
judgment.
8. In case default is made in the payment, when due, of the indebtedness
hereby secured, or of any installment thereof or any part thereof, or in case of breach of
any covenant or agreement herein contained, the whole of the then indebtedness
secured hereby, inclusive of principal, interest, arrearages, ground rents, if any, taxes,
3
313
b
aansoloaaoi. pue }qap 96e6}aow ay} a6aegosip o} loaaaq} Aoueiogins ay} ao i iedoad
au}
4.0 amen ay} o} p .1e6a.1 }no14 }inn pue `,padoad ay} 40 JOUMO uaq} au} .10 .1o6e6pow
�o AouanIosu! JO AouanIos ay} o} pae6aa }noq }inn }q6u 40 .1a}}ew a se o }a1eq} pal }l }ue
aq lleis pue 'Iue si aaal} 4! `uoi}dwapal }0 polaed ay} pue s6uipaaooad a .1nsoloaao4.
Aq paaanoo awi} ay} 6u!pnlou! '}lne4ap Lions Aue aa} }e '4o9.1aq} s}i}oad pue `senss!
's }uaa lie pue i(pado .1d 814} .1o} aanlaoaa a o} pal}i }ua aq lleis 996e6}aow pue 'aauie}ap
ln}.nnelun JO 'Aiwa algeeo .1o} .10 }uew }Data u! suoi }oe JO uoi }oe 6uipnlou! `6uipaeooad
.10 }ins limo a}eladaadde Aue i(q aa6e6pow itq peoaolua aq i(ew s}i}o.1d pue `senssi 's}uaa
'uoissassod Lions 40 Tuanilap ay} `lesn }aa uo pue '}sanbaa uo ea6e6}.1ow o} paienilap
aq aouo }e llegs s}i4o .1d pue sass! `sivaa 'uoissessod Lions pue :Aue si a .1814} 4!
`uoi }dwapa.1 40 pouad 8q4 pue s6uipaeooad a .1nsoloa .1o4 40 Aouapuad aLi} 6ui .1np pue 1q6u
Lions 40 6uinaooe ay} woJJ `409aa1} s}i4o .1d pue sass! `s}ua.1 lie o} pue `Apadoad ale }o
}uawAofue pue 'esn `uoissessod anisnloxe o} pal}i}ue awooaq aouo }e 'legs ae6e6pow
.1apuna.1aq sin000 a .1nsoloaao} in 1Li6la ay} AgaaaLinn }lne4ap Aue }o aseo ul '6
}lne}ap .1a14}an4 4.0 aseo ui
s}1461a aansoloa .1o}. s }l ui peoipnfa.1d aq }ou 'legs pue 'senui }uoo }lne4ap Lions goiLinn 6upnp
as }}eaaaq} awl} i(ue }e a .1nsoloa .1o4 o} }g6ia sT! ul paoipnfaad aq i(gaaaq} }ou !legs T! `}lne4ap
/ue }.0 6uivaddei aq; uo asoloaao}. o} Ai}dwo .1d slie4 ae6e6}aow aseo ul .1o6e6}aow
o} puewap uo aa6e6pow Aq pied eel 'legs '/due 4! snldans ay} pue uoaaaq} ;swap Li}inn
aaq}e6o} `i(qa .1814 paanoes ssaupelgapui Iediouiad aq; 40 }un000e uo anp aoueleq eq 4.0
}uawAed 8144 o} ueq pue 'pang L qde .16eaed 40 suoisinoad aq} o} }uensand 9a6e6pow
Aq paouenpe JO papuedxe sAauow lie 4.0 }uaw,ed ul pue `084 i(awope algeuoseaa
e 6ulpnloui 'ales pue a .1nsoppaao4. Lions 40 sasuadxa pue s}soo eq }o }uawAed
aq} o} }s .1i4 ales Lions ,w0J4 6u!slae speaoo .1d }au eq i(ldde o} pue 'Nos os A}aado .1d
eq} 4o aoueAanuoo }o spaap JO paap }ualoi}4ns pue pooh a is Lions Aue }e s .1asegoand
JO JeseLio .1nd ay} o} paaaniIap pue pa}noaxa aq o} asneo pue `sa .1nsoloaaoJ a6e6pow
6uiwano6 sap 6uiwokM o} 6uipa000e 'gseo ao4 uol }one ollgnd }e `sesiwa .1d
ay} 40 ales pue }uawasq enpe iq a6e6}aow siq} asoIoaao} o; Jo 'pap i(ew }i se /S }inbe ui
.10 nnel ;e }ins Aq .1aq }ia a6e61aow sILi} 40 suoisinoad eql ao .1o}ue o} paeo0ad o} ea6e6pow
ao; in}nne! aq lleLs pue `awl} JaLi }o Aue }e awes 8141 asioaaxa o} }Li6u eq }.o aanienn
e a }n }i }suoo }ou 'legs uoi }do Lions asio.1axa i(ue '6uipue}sL }inn}ou A.1ea}uoo aLi} 01
peuie }uoo a}ou 8144 ui ao aaoJaq uiaaaq 6u!LilAue `paaidxe aneq }ou Aew pang; }uawAed
ay} .1o4 pa }iwil anoge poiaad ay} g6noq }le 'aa6e6pow 40 uoi }do 8144 }e 'algeAed pue
anp i(la}e!paww! awooaq !legs '400 .1914 suoisinoad aLi} o} }uens .1nd algei(ed scans aaLi }o
Ile Li }lnn .1814}860} `eoueua}uiew .10 s .1ieda .1 .104 sa.1n}ipuedxe `se6 .1ego .1a}eM `s}uawssasse
1 T W"I!'?:1".0
0L
315
costs, fees and expenses; and such receiver may be appointed by any court of
competent jurisdiction on ex parte application and without notice (notice being hereby
expressly waived, and the appointment of any such receiver on any such application
without notice being hereby consented to by mortgagor on mortgagor's own behalf),
and all rents, issues, profits, income, and revenue of the property shall be applied by
such receiver, according to law and the orders and directions of the court.
10. Mortgagor may not convey or transfer any interest in or encumber the
described premises without the prior written consent of the mortgagee. Mortgagor must
give mortgagee written notice of mortgagor's intent to convey or transfer any interest in
or to encumber the described premises at least thirty (30) days prior to the proposed
conveyance or encumbrance. If all or any part of the described premises or an interest
therein is sold, transferred or encumbered by mortgagor without mortgagee's prior
written consent, excluding death of a joint tenant or the grant of any leasehold interest
of three (3) years or less not containing an option to purchase, mortgagee may, at its
option, declare the entire remaining balance due under this agreement to be
immediately due and payable and give written notice to mortgagor thereof. After receipt
of such written notice, mortgagor shall have thirty (30) days in which to pay the entire
remaining balance to mortgagee.
paid in full.
11. The covenants herein contained shall bind, and the benefits and
advantages shall inure to, the respective heirs, executors, administrators, successors,
and assigns of the parties hereto. Whenever used, the singular number shall include
the plural, the plural the singular, and the use of any gender shall include all genders.
12. Whenever used herein, the terms "mortgagor" and "mortgagee" include all
the parties to this instrument and the heirs, legal representatives, and assigns of
individuals, and the successors and assigns of corporations; and the term "Note"
includes all the notes herein described if more than one.
IN WITNESS WHEREOF, mortgagor has executed this Mortgage as of the 6th
day of April, 2001.
5
g se4dx3 uoiss■wwo3 6w
`r- (X17,• 7_•
LOOZ `I!Jdy p Aep t--1 j `apm pue pueqsnq `uosugor °y e!1
pue uosugor °y Aila}! Aq aw aaojaq pa6painnou>loe seen e6e6po j 6ulo6aaoj au
`3 T£
9
:saaidxa uo!ss!wwoo An
leas le!o!MO pue pueq Aua sseum
N1O0NI1 JO AiNfO3
-ss
ONIWOAM JO 21.`d1S
G+7.t!N0
Prol..lonall6MSurvyon
Paul N. *MAN
Wyo. R.g1.h.l on 140. 164
Idaho 0601496100 No. 3090
Utah R6g1.lr.6on No. 1670
Nova. R.gh6Nkn No. 6605
6000 A. SchoAN
Wyo. R6gta9.1n No. 3669
k6M R•0tatr66on No. 6036
M69ow. A 6cMA01
Wyo. Paglo.0o0 No. 6366
Burvgor &WW1, lT°.
Mon. Wyoming
04 0 Pln.y. Wyom611
.I.Wwn. Wyoming
Low Nol SMh0.. Idaho
Monm.6.r, Idaho
DESCRIPTION FOR
BOYD L. EDDINS AND JANE P. EDDINS
FAMILY REVOCABLE TRUST, DATED 21 JULY 1997
PARCEL C
To -wit:
That part of the SE'/4NE1/4 of Section 7, T3ON, RI 18W, Lincoln County, Wyoming, being
part of that tract of record in the Office of the Clerk of Lincoln County in Book 400 of
Photostatic Records on page 384, described as follows:
COMMENCING at the southeast corner of said SE1/4NE1/4;
thence N89 55' -04 "W, 72.82 feet, along the south line of said SE1/4NE1/4, to a point on the
westerly line of U.S. Highway 89;
thence N00 09' -47 "W, 389.20 feet, along said westerly line, to the POINT OF
BEGINNING;
thence N89 55' -04 "W, 513.77 feet, along a line parallel with said south line, to a point;
thence N00 09' -47 "W, 169.54 feet, along a line parallel with said westerly, to a point;
thence S89 55' -04 "E, 513.78 feet, along a line parallel with said south line, to a point on
said westerly line;
thence S00 09' -47 "E, 169.54 feet, along said westerly line, to the POINT OF
BEGINNING;
ENCOMPASSING an area of 2.00 acres, more or Tess;
31 7
the BASE BEARING for this survey is the east line of the SE' /4 of Section 7, T3ON, RI 18 W,
being N00 10' -06 "E;
each "corner" found as described in the Corner Record filed in the Office of the Clerk of
Lincoln County;
each "point" marked by a 5/8" X 24" steel reinforcing rod with a 2" aluminum cap
inscribed, "SURVEYOR SCHERBEL LTD AFTON WY PLS 5368 with appropriate
details;
all in accordance with the plat prepared to be filed in the Office of the Clerk of Lincoln
County titled, "PLAT TO ACCOMPANY PARCEL DIVISION APPLICATION FOR
PARCEL B AND PARCEL C FOR BOYD L. EDDINS AND JANE P. EDDINS FAMILY
REVOCABLE TRUST, DATED 21 JULY 1997 WITHIN THE SE' /4NE1/4 NE %SE' /4
SECTION 7 T3ON RI18W LINCOLN COUNTY, WYOMING dated 12 May 2000 and
ay 2000.
,31
"Modification in any way of the foregoing description torrninates liability the surveyor"
0872 (1,9
Prol.ubyl Land Bunr.yor.
P.16 N. 5e11.6N
Wyo. R69Nbslon No.164
Idaho Rp4lnlbn No. 3990
01.6 R.94b61pn No. 1670
Nevada 6.9bl0Nbn No. 6606
6m6 A. Etched*
Wyo. R.91.116on No. 3669
10.60 6.91.1n6lon No. 6046
•rbr. A. 6e6.A.1
Wyo. 6.91.0.Ibn No. 6366
So o yo. 6611.6.1,1.70.
Aeon, Wyoming
619 PMy. WyoMn9
A.nkoon. WyemII,0
L.v. Hot tiodug W.11
000,6.6.1. Idaho
DESCRIPTION FOR
BOYD L. EDDINS AND JANE P. EDDINS
FAMILY REVOCABLE TRUST, DATED 21 JULY 1997
PARCEL A -2
To -wit:
That part of the S'hSEV4NE'% and that part of the N''ANE' /SE%4 of Section 7, T3ON, R1 18W,
Lincoln County, Wyoming, being part of that tract of record in the Office of the Clerk of
Lincoln County in Book 400 of Photostatic Records on page 384, described as follows:
BEGINNING at an intersection of the westerly right -of -way line of U.S. Highway 89 with
the north line of said S'hSE'/4NE1/4, N89 54' -38 "W, 76.64 feet from the northeast corner
of said S%SE'/4NE%;
thence S00 09' -47 "E, 167.01 feet, along said westerly line, to a point;
thence N89 55' -04 "W, 513.78 feet, along a line parallel with the south line of said
S'/2SE'/4NE'/4, to a point;
thence S00 09' -47 "E, 497.58 feet, along a line parallel with said westerly line, to a point on
the south line of said S %2SE'/<NE
thence continuing, S00 09' -47 "E, 166.65 feet to a point,
thence N89 57' -53 "W, 751.59 feet to a point on the west line of said NY2NE1/4SE'/4;
thence N00 40' -29 "E, 167.28 feet, along said west line, to the northwest corner of said
N%NE%4SE%;
thence N00 40' -14 "E, 664.78 feet, along the west line of said S' /2SE'/4NE'/4, to the
northwest corner thereof;
thence S89 54' -38 "E, 1253.25 feet, along the north line of said S'hSE' %NE1/4, to the
POINT OF BEGINNING;
ENCOMPASSING an area of 16.20 acres, more or less;
the BASE BEARING for this survey is the east line of the SE' /4 of Section 7, T3ON, RI 18W,
being N00 10' -06 "E;
each "corner" found as described in the Corner Record filed in the Office of the Clerk of
Lincoln County;
each "point" marked by a 5/8" X 24" steel reinforcing rod with a 2" aluminum cap
inscribed, "SURVEYOR SCHERBEL LTD AFTON WY PLS 5368 with appropriate
details;
all in accordance with the plat prepared to be filed in the Office of the Clerk of Lincoln
County titled, "PLAT TO ACCOMPANY PARCEL DIVISION APPLICATION FOR
PARCELS A -1 AND PARCEL A -2 FOR BOYD L. EDDINS AND JANE P. EDDINS
FAMILY REVOCABLE TRUST, DATED 21 JULY 1997 WITHIN THE SE /NE' /4
NE'ME'% SECTION 7 T3ON RI 18W LINCOLN COUNTY, WYOMING dated 12 May
2000 •nd vised 24 May 20)6.
ay 2000
061 KJ.,C�
"Modification in any 41a:1006re9
description terminates liability of the surveyor"
318