HomeMy WebLinkAbout967060--RECEIVED 9/26/2012 at 2:19 PM
.2ECEIVING 967060
BOOK: 794 PAGE: 754
g JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
8c
o MORTGAGE
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Q z Jeffery D. Rundhaug, a single person whose address is P.O. Box 452, Kemmerer, WY 83101 as (herein
N collectively called "Mortgagor to secure the payment of$112,500.00 with interest thereon, as provided in and
T evidenced by a promissory note of even date herewith (the ultimate maturity date of which is September 30, 2019
and all renewals, modification and extensions thereof, do hereby mortgage unto:
U Lora B. Smith, Trustee of the Lora B. Smith Trust dated August 18, 1988 of 1262 N. 3000 W. Clinton, UT
as 84015 -7510 (herein called "Mortgagee the following described real property, situate in the County of Lincoln, State
1— 03 of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the
State of Wyoming, to -wit:
Lots 96 and 97 of Commissary Ranch Unit D. Lincoln County, Wyoming as described on Plat No. 471396
filed October 16, 1975 in the records of the Lincoln County Clerk.
Formerly described as Lots 14 and 15 of Section 30, T24N R115W Lincoln County, Wyoming.
The northerly 331/2 feet of Lot 95 of Commissary Ranch Unit D, Lincoln County, Wyoming as described on
Plat No. 471396 filed October 16, 1975 in the records of the Lincoln County Clerk.
Formerly described as the northerly 33% feet of Lots 16 and 17 of Section 30, T24N R115W Lincoln
County, Wyoming.
The southerly 26% feet of Lot 98 of Commissary Ranch Unit D, Lincoln County, Wyoming as described on
Plat No. 471396 filed October 16, 1975 in the records of the Lincoln County Clerk.
Formerly described as the southerly 26% feet of Lots 6 and 7 of Section 30, T24N R115W Lincoln County,
Wyoming.
Property Address is: 585 N. Pine Drive, 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 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, Mortgage 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.
Mortgagor warrants title to the Property as to parties claiming, by through or under the Mortgagor only.
Witness our hands this —of September, 2012.
STATE OF WYOMING
)ss.
COUNTY OF LINCOLN
The foregoing instrument was acknowledged before me byJeffery D. Rundhaug on the da of
September, 2012.
Witn
My Commission Expires: l S 1 y
ffery D. Rundhaug
Notary Public