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HomeMy WebLinkAbout958221WHEN RECORDED RETURN TO: Name: Address: MARC MAMMOLA and APRIL MAMMOLA, husband and wife, as tenants by the entireties, Mortgagor of, County of Lincoln, State of, hereby mortgage to DEFTY LAND HOLDINGS, LLC, a Wyoming limited liability company, Mortgagee of P.O. Box 8608, Woodland, CA 95776 for the sum of Twenty Five Thousand dollars and Zero cents ($25,000.00) 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 8 of the BUFFALO RUN, Lincoln County, Wyoming, as shown on the Official Plat thereof filed October 28, 2008, as Receiving No. 943211, in the Office of the Clerk of Lincoln County, Wyoming, as Plat No. 943211. This mortgage is given to secure the following indebtedness: one note of even date herewith for $25,000.00 made payable at the times and place and at the rate 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 et seq. Wyo. Stat., 1977, or its successor. WITNESS the hand of said Mortgagor, this MAR MA VIOLA STATE OF California COUNTY OF DEFTY LAND HOLDINGS, LLC P.O. Box 8608 Woodland, CA 95776 Coro ss. On this f day of February, 2011, personally appeared before me, as the of MARC MAMMOLA and APRIL MAMMOLA, husband and wife, as tenants by the entireties the corporation that executed the instrument and the foregoing instrument was signed on behalf of said corporation. Witness r hand and official seal. _.000 otary P,05 1C: CO4 fi e My co' ission expires 042.4% /2(t3 Land Title Company File Number: 63265df Mortgage Buyer Ind Page 1 of 1 MORTGAGE day of February, 2011 RECEIVED 2/22/2011 at 11:45 AM RECEIVING 958221 BOOK: 762 PAGE: 815 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000815 NANCY STEELE Commission #1 1863071 Notary Public California Yolo County Comm. Expires Aug 29, 2013