HomeMy WebLinkAbout965600Order No.: ATEC 147936
MORTGAGE
Trevor G. Buchanan and Misty D. Buchanan, Husband and Wife,
00655
Of P.O. Box 578 Afton, WY 83110, (herein collectively called `MORTGAGOR to
secure the payment of $192,000.00, with interest thereon, as provided in and evidenced
by a promissory note of even date herewith (the ultimate maturity date of which is July 1,
2018) and all renewals, modification and extensions thereof, do hereby mortgage unto
Rob Lee, and Robert A. Lee and Jane Winslow, Trustees of the Robert A. Lee and
Jane Winslow 2000 Family Trust, u /t/a dated September 11, 2000,
of 1440 Montgomery St., Unit 22, San Francisco, CA 94133,(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:
Beginning at the Southeast corner of Lot 1 of Block 28 of the Town of Afton, Lincoln
County, Wyoming and running thence West 20 rods; thence North 9 rods; thence East 2
rods; thence North 3 rods; thence East 8 rods; thence South 2 rods; thence East 10 rods;
thence South 10 rods to the point of beginning.
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 tune. 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.
Alliancp Titio Escrovh
PO E3ox 117
rnmaror VV\. i221n1
RECEIVED 7/18/2012 at 11:21 AM
RECEIVING 965600
BOOK: 789 PAGE: 658
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
3
Witness our hands this day o
Trevor G. Buchanan
73 6 CaM
Mist D. B chanan
2012
State of (dray,
County
County
This instrument was acknowledged before me on 3 1Q1) day of
2012 by Trevor G. Buchanan and Misty D. Buchanan
s a-J lay- evz
Notary Public
My Commission Expires: 9
GLORIA K. BYERS NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commisson Expires September 15, 2015
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