HomeMy WebLinkAbout957043When recorded mail to:
Aspen Hills Development
2056 CR 123
Bedford, WY 83112
FOR VALUE RECEIVED, Jesse F. Moyles, the "Mortgagors do hereby grant, bargain, sell and convey unto
Aspen Hills Development a Wyoming Corporation, collectively the "Mortgagees the following described
premises, in Lincoln County, WY:
Lot 22 Suter's Canyon Phase Two 2nd Filing Recorded December 22, 2008 at Document No. 944254, in
the office of the Clerk, Lincoln County, Wyoming.
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
17,000.00, plus interest payable to the Mortgagee, with final payment due December 1, 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 No V O 20 d
State of
County of
e F. Moyles
:ss
REAL ESTATE MORTGAGE
20
On 11- -10 personally appeared before me Jesse F. Moyles, signer of the within instrument, who duly
ackno -d :os to me tha he e uted the same.
1
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Residing:
ary 1
Expires:
000371
RECEIVED 12/6/2010 at 3:17 PM
RECEIVING 957043
BOOK: 758 PAGE: 371
JEANNE WAGNER
•i •It •1 %nn/