HomeMy WebLinkAbout966644MORTGAGE
Plat 3 Lot 7 Star Valley Ranch, WY 83127
On September 4, 2012, IRON corporation "Mortgagors whose mailing address is
P.O. Box 3821 Alpine, WY 83128, grant, convey, warrant, transfer and assign to DON JYMME
SNIDER LIVING TRUST "Mortgagees whose address is P.O. Box 5147 Etna, WY 83118, a
mortgage and security interest in property in Lincoln County, State of WY, more particularly
described as follows: LOT 7 OF STAR VALLEY RANCH PLAT 3
STAR VALLEY RANCH, WY 83127 (LINCOLN)
(12-3519-24-4-10-085.00)
The following described Note, security documents and any other documents or
instruments signed in connection with the Note and security documents and any amendments
thereto are collectively called the "Loan Documents." "Advances" shall include any amounts
provided to Mortgagors under the terms of the Loan Documents and any amounts expended by
Mortgagees to protect the Property or enforce their rights under the Loan Documents. This
conveyance is intended to secure performance of the covenants and agreements contained herein,
and in any Loan Documents, and payment of the indebtedness under the terms of the Note to the
order of Mortgagees, with interest and charges as provided therein and in the Loan Documents,
and any extensions, modifications or renewals thereof:
Mortgage Note dated September 4, 2012, in the amount of $13,000, executed by
Mortgagors. Mortgagors acknowledge that that they have granted this Mortgage
for good and valuable consideration and waive any claim or defense as to the
amount or adequacy of consideration for this Mortgage, date Mortgage shall be
due and payable on October 1, 2015.
Mortgagors, and each of them, REPRESENT, WARRANT, COVENANT and AGREE:
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1. That they have title to the Property free from encumbrances, except as described
above; they have good right and lawful authority to convey and encumber the same; they will
warrant and defend the same forever against the lawful claims and demands of all persons
whomsoever; and they agree this covenant shall not be extinguished by foreclosure or other
transfers. Mortgagors authorize Mortgagees to file a financing statement and any continuations
thereof, describing any personal property or fixtures described herein, without further signature
by Mortgagors.
2. To comply with all laws, ordinances, regulations, covenants, conditions and
restrictions affecting the Property and its use, including without limitation all environmental
laws; not to use or permit the use of the Property for any unlawful or objectionable purpose or
for any purpose that poses an unreasonable risk of harm, or that impairs or may impair the value
of the Property, or any part thereof; not to apply residue from waste water treatment facilities to
the Property without prior written notice to Mortgagees; to remedy any environmental
contamination or violation of environmental laws that may occur or be discovered in the future;
RECEIVED 9/5/2012 at 9 :08 AM
RECEIVING 966644
BOOK: 793 PAGE: 366
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
3. That the failure of Mortgagees to exercise any right or option provided herein, at
any time, shall not preclude Mortgagees from exercising any of such rights at any other time; the
covenants and agreements contained herein shall be binding on and inure to the benefit of the
parties and their respective heirs, successors and assigns; all rights conferred on Mortgagees are
cumulative and additional to any rights conferred by law; and if any provision is found to be
invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision
hereof, and the Mortgage shall be construed as though such provision had been omitted.
4. That Mortgagors and each of them join in this instrument for the purpose of
subjecting each of their right, title and interest, if any, in the Property, whether of record or
otherwise, and including any right to possession, to the lien of this Mortgage.
Dated this 4 day of September 2012.
STATE OF WY
County of Lincoln
On this da of
Y 20 1 before me3 \IG.Y1V\c—
a Notary Public, personally appe reed rr g�r'� -S ,e.v��
known or identified to me to be the persons �whose names are subscribe to the within
instrument, and acknowledged to me that they executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Dyanna Parker Notary Public
County of C';; State of
Lincoln Wyoming
My Commission Expires June 29, 2q
ss.
2
IRON A 1ot}gg.�;k e Corporation
Authorized Signature: Emmett Mavy
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