HomeMy WebLinkAbout963109Dream Livin LLC ,ofHC 62 7456 Star Valley Ranch, WY 83127
(herein collectively called `MORTGAGOR to secure the
payment of 190.000.00 with interest thereon, as provided in and
evidenced by a promissory note of even date herewith (the ultimate maturity date of
which is Feb. 6, 2042 and all renewals, modification and extensions thereof,
do hereby mortgage unto Evelyn B1 ake1y, TriiGtee of of the Marvin S. Blakely and Evelyn
(herein called "MORTGAGEE theBlakely Revocable
following described real property, situate in the County of Lincoln State Trust dated
of WY, hereby releasing and waiving all rights under and by virtue of the homestead April 5, 1995
exemption laws of the State of Wyoming, to -wit:
Lot 9, of Star Valley Ranch Plat 22, Lincoln County, Wyoming as described
on the official plat filed on July 3, 1985, as instrument No. 639243 of
the records of the Lincoln County Clerk.
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 so 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 proceedings, 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 2- day or F--e\ ,20 )2(
State of 1 -°NC
County of
MORTGAGE
RECEIVED 2/7/2012 at 11:30 AM
RECEIVING 963109
BOOK: 781 PAGE: 28
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
00028
This Instrument was acknowledged before me on
V e '2.- 2012,
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By C.�.0 7 Z�T
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00029
Notary Public
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My Commission Expires: a:7- 17
STATE OF Idaho
COUNTY OF Bonneville
ACKNOWLEDGEMENT /LIMITED LIABILITY COMPANY
On this Feb. 2, 2011, before me, a Notary Public in and for said State, personally appeared Patricia
Swain, known or identified to me to be the person whose name is subscribed to the within Instrument
as one of the Managers /Members of the Dream Livin LLC, which is known or identified to me to be the
entity whose name is subscribed to the within instrument and acknowledged to me that she executed the
same in said Limited Liability Company's name.
ss.
00030
Notary Public of Idaho
Residing at: Idaho Falls, ID
Commission Expires: 1 -27 -17