HomeMy WebLinkAbout964117This document i;
as a courtesy by Hometown Title Ltd.
y
MORTGAGE
Manuel D. Cruz Alonzo whose address is, 1433 Central, Kemmerer, WY 83101, as (herein collectively
called "Mortgagor to secure the payment of $50,000.00 with interest thereon, as provided in and evidenced
by a promissory note of even date herewith (the ultimate maturity date of which is October 15, 2013) and all
renewals, modification and extensions thereof, do hereby mortgage unto:
Westerner Cafe Properties, LLC, a Utah limited liability company of 3088 S. 600 W. Bountiful, UT 84010
(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:
East one -half of Lots 1 and 2 of Block 7 in the Fairview Addition to the Town of Kemmerer, Lincoln
County, Wyoming, being a rectangular plot fronting 80 feet on Central Avenue and 75 feet on Elk Street
as shown on the official plat filed with Plat No. 188.
Address: 1433 Central, Kemmerer, WY 83101
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 improvements on the Property against loss by fire, with extended coverage, in an amount of
$100,000.00, 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 according to the
promissory note.
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, Mortgage 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. I
Witness our hands this of April, 2012.
Manuel D. Cruz Alonzo
STATE OF WYOMING
)ss.
COUNTY OF LINCOLN
The foregoing instrument was acknowledged before me by Manuel D. Cruz Alonzo, on the day of
April, 2012.
Witness my hand and official seal.
SNEUZ( SANOALL NOTARY PUBLIC
DINof i'
Salo lJ
01"°'4 Notary Public
e�
My Commission Expires: RECEIVED 4/16/2012 at 2:16 PM
RECEIVING 964117
BOOK: 784 PAGE: 726
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY