HomeMy WebLinkAbout962076This document is being recorded
as a courtesy by Hometown Title, Ltd.
Nathan Montgomery and Sabrina Montgomery, husband and wife whose address is PO Box 4 91 Diamondville
as (herein collectively called "Mortgagor"). to secure the payment of $170,000.00 with interest thereon, as provided in and wy
evidenced by a promissory note of even date herewith (the ultimate maturity date of which is December 1, 2013) and all
renewals, modification and extensions thereof, do hereby mortgage unto:
Tomassi Sons Rentals, a Wyoming General partnership of P.O. Box 364, Diamondville, WY 83116, (herein called
"Mortgagee the following described real property, situate in the County of Lincoln, State of Wyoming, hereby releasing
and waiving all rights under and by virtue of the homestead exemption laws of the State of Wyoming, to -wit:
Lot 3 of Block 1 of the Tomassi Addition to the Town of Diamondville, Lincoln County, Wyoming as described
on the Official Plat filed with Instrument No. 927893 of the records of the Lincoln County Clerk.
Property address: 12 Glencoe Street, Diamondville, WY 83116
Mortgagor agrees to pay the indebtedness hereby secured; to pay all taxes, assessments and charges levied
against the Property, as the same become due and payable; to secure, maintain and furnish Mortgagee evidence thereof,
insurance with an insurance carrier or carriers acceptable to Mortgagee, covering the 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 paid shall be added to and considered a part of the indebtedness hereby secured
and shall draw interest at the same rate.
In case 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 assigns, 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 all 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 proceeding, 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 a of November, 2011, d
p
STATE OF WYOMING
COUNTY OF Lincoln
)ss.
The foregoing instrument was acknowledged before me by Nathan Montgomery and Sabrina Montgomery, on the
day of November, 2011.
Witness my hand and official seal.
My Commission Expires:
MORTGAGE
Nathan Montgomery
rina Montgomery
Notary Public
00727
RECEIVED 11/21/2011 at 4:20 PM
RECEIVING 962076
BOOK: 776 PAGE: 727
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY