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HomeMy WebLinkAbout872323BOOK 461 PR PAGE 4 6 3 PATRICIA STONER, a married woman Mortgagor of Sacramento, County of Ted R. Jorgensen and Frances A. Jorgensen, Trustees, for the uses and pm set forth in the Ted R. Jorgensen and Frances A. Jorgensen Revocable Trust between Grantors and Trustee, dated the 12' day of January, 1993 Mortgagee of P.O. Box 816 Afton Wyoming 83110 for the sum of TWENTY THOUSAND DOLLARS AND no /100 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 42 of Riverview Meadows Addition to the Town of Alpine within the SE1 /4 of Section 30, T37N, R118W, according to that plat filed July 2, 1993 as Instrument No. 767416 The subject property is not occupied by Mortgagors as a Homestead and is not subject to the T- Tomestead laws of the state of Wyoming. This mortgage is given to secure the following indebtedness: One note of even date herewith for $20,000.00 made payable at the times and place and at the rate of interest 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 ct seq. Wyo. Stat., 1977, or its successor, WITNESS the hand of said mortgagor, this 1:5 of March A.D. 2001 State of California County of Act.t''i-Q,.ij y On the day of March A.D. 2001, personally appeared before me, Patricia Stoner and �teaer, the signers of the within instrument, who duly acknowledged to me that they executed the same. Commission expires: a Residing in: SetA/yx wuzs Z00 /Z VT# MORTGAff3 2 3 /r This Mcirl`gage SEE bOOK MORTKAKES ►Jti IN ECEIVED pp COW \I7y' CLER 2 7 I., er u t r•° f y State of California, hereby mortgage to" o b1EENISE E. SEE Comm. #1131618 NOTARY PUBLIC CALIFORNI SACRAMENTO COUNTY •n Comm. Exp. March 27, 2001 £Z� OZ'liYN