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RECEIVING# 964535 -201
BOOK: 786 PAGE: 165 I a 1 y S PM 001.65
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
CORRECTIVE
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Richard Hensel and Carolyn L. Hensel Mortgagor(s), of Clay County, State of Florida to
secure payment of thirteen thousand four hundred fifty-seven dollars and 46/100 Dollars 13,457.46 due
September 1S`, 2017 with interest from September 9 2011 at the rate of 6.95 per cent per annum
payable monthly, evidenced by Promissory Note of even date herewith, in monthly installments of two hundred
twenty nine dollars and 11/100 Dollars 229.11 each, including interest, commencing on the 1" day of
October 2011, and continuing on the same day of each month thereafter, do(es) hereby mortgage and warrant to
LEISURE VALLEY, INC., a Nevada Corporation, Mortgagee, of Lincoln County, Wyoming, the following described
real property in the County of Lincoln, State of Wyoming:
Lot 743 of Star Valley Ranch RV Park Plat 4 Stage 1
This mortgage is being recorded to correct the legal description on the mortgage previously recorded on 1/26/12
at Page 138 of Book 780.
Mortgagor(s) agree to pay the indebtedness according to the terms and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life of this mortgage to pay all taxes and assessments
against the premises. If Mortgagor(s) fail to pay such taxes or assessments, Mortgagee may pay the same, and all sums paid by
Mortgagee for such purpose shall be added to and considered as a part of the indebtedness and shall draw interest at the same rate.
If default occurs in the payment of the indebtedness or in the payment of any installment thereof, or if default occurs in any of the
covenants and agreements hereof or under the aforesaid Promissory Note, then the whole indebtedness shall, at Mortgagee =s option,
become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement and sale of the premises as
provided by the statutes of the State of Wyoming, or by an action in equity. This will be Mortgagee =s sole remedy against
Mortgagor(s) in case of default by Mortgagor(s). Out of the proceeds of any foreclosure the Mortgagee shall retain or receive all sums
due to it hereunder and costs of foreclosure and sale, including attorney fees in an amount equal to Ten Percent (10 of the
indebtedness remaining unpaid at the time of such sale, and the same shall be taxed as costs in any equitable action brought to
foreclose this mortgage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s) hereby
assign to Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession thereof with
Mortgagor =s consent. If default occurs in any of the the covenants and agreements herein contained or under the aforesaid
Promissory Note, whether or not Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hereby authorize
Mortgagee to collect the rents from the premises and to apply the same to the payments on the indebtedness secured hereby until such
default is remedied.
In the event of foreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and enjoyment of the
premises and rents and profits thereof from the time of such default and during the pendency of foreclosure proceedings and period of
redemption, if any. If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor,
Mortgagee may compel delivery thereof by ejectment action or other civil proceedings appropriate for that purpose. Furthermore, in
addition to the remedies otherwise provided for in this mortgage and by law and as a matter of right without regard to the solvency or
insolvency of Mortgagor(s), or the value of the premises or the insufficiency thereof to discharge the indebtedness and costs of
foreclosure and sale, Mortgagee shall be entitled to receive from the premises the rents, issues and profits thereof from the time of
default to the expiration of any redemptive period provided by law. A receiver may be appointed by any court of competent
jurisdiction upon ex parte application without notice, notice being hereby waived and appointment of a receiver upon such application
being hereby consented to by the Mortgagor(s).
MORTGAGORS(S) HEREBY RELINQUISH AND WAIVE all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this day of 2012.
MORTGAGORS:
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COMM. #1953358 x
NOTARY PUBLIC CALIFORNIA Go,
RIVERSIDE COUNTY
Commission ExpiresSPT 23, 2015
On this "flay of_Macc 2012, before me personally appeared Richard Hensel and
Carolyn L. Hensel known to me to be the person(s) described in and who executed the foregoing instrument, and
acknowledged that they executed the same as their free act and deed, including the release and waiver of the right
of homestead.
NOTARY PUBLIC in and for said County and State