HomeMy WebLinkAbout967047Alliance Title Escrow
PO Box 1367
Kemmerer WV 83101
Order No.: ATEC 158173
Cory A. Carter and Misty Carter, of 300 County Road 114 Freedom, WY 83120, (herein
collectively called `MORTGAGOR to secure the payment of $64,000.00, with interest thereon,
as provided in and evidenced by a promissory note of even date herewith (the ultimate maturity
date of which is October 1st, 2042) and all renewals, modification and extensions thereof, do
hereby mortgage unto Sam SV LLC, P.O. Box 306, Afton Wyoming 83110 (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:
Unit 202 MIXIMIEXaStateline Condominiums, Phase II, Building 200, as shown on the official
plat thereof filed on October 24, 2007, as Document No. 934331, as Plat No. 934331 in the Office
of the Clerk of Lincoln County, Wyoming, also being a part of Lot 2, Stateline Estates, as shown
on the official plat thereof filed on November 17, 2005, as Document No. 913797, as Plat No.
293 -E in the Office of the Clerk of Lincoln County, Wyoming and further defined and described
in that certain Declaration of Covenants, Covenants, Conditions and Restrictions for Stateline
Condominiums located in Freedom, Lincoln County, Wyoming, created by Document 934333, in
Book 576, at Page 631 or set forth in the related by laws in any instrument creating the estate of
interest insured by this policy; and in any other allied instrument referred to in any of the
instruments aforesaid.
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 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.
?7sourhandsthis 24th day of September
A. Carter
SUBSCRIBED AND SWORN TO before me this
Witness my hand and official seal.
My commission expires:
RECEIVED 9/25/2012 at 3:20 PM
RECEIVING 967047
BOOK: 794 PAGE: 691
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
MORTGAGE
0X069
Misty C
LISA M. SPAULDING NOTARY PUBLIC
State of
Coun ty l of,, Wyoming
My Commission Expires July 18, 20155