HomeMy WebLinkAbout964164Javier Ceballos and Emma Ceballos, husband and wife whose address is 902 Pine Avenue, Kemmerer, WY
83101 as (herein collectively called "Mortgagor to secure the payment of $20,000.00 with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate maturity date of which is May
15, 2015) 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 5 and the westerly 50 feet of Lots 6 and 7 of Block 60 of the Second Addition to the Town of
Kemmerer, Lincoln County, Wyoming.
Property address: 902 Pine Avenue, 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
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 ail
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.
Witness our hands this U of April, 2012.
STATE OF WYOMING
COUNTY OF LINCOLN
My Commission
)ss.
The foregoing instrument was acknowledged before me by Javier Ceballos and Emma Ceballos, on the
day of April, 2012.
Witness my hand and official seal.
MORTGAGE
Javier Ceballos
Emma Ceballos
Notary Public
414) S
00001
RECEIVED 4/18/2012 at 3:10 PM
RECEIVING 964164
BOOK: 785 PAGE: 1
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY