HomeMy WebLinkAbout874903Louis J. Apsey, a single man and Carolyn M. Douglas, a married woman
Mortgagors of Jackson, County of Te~on, S~am oF Wyoming, hereby mortgage to
Clarence L. Reinhag andDorothy I. Reinhart, husband and wife :OrOK_~.__pRPAG:.25)_.:_._" ~'"
Mortgagee of PO Box 3258, Alpine, WY 83128
for the sum of Twenty Five Thousand Six Hundred and no/100 ........... ($25,600.00)
the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving
all rights under and by vi:ue of the homestead exemption laws of the State, to wit:
Lot 109 of Nordic Ranches Division No. 8, Lincoln County, Wyoming, according to that plat filed in the
Office of the County Clerk as Plat No. 312-A.
The subject property is not occupied by Grantors as a Homestead and is not subject to the Homestead
Exemption Laws of the State of Wyoming.
This mortgage is given to secure the following indebtedness:
One note of even date herewith for $25,600.00 made payable at the times and place and at the rate of
interest specified in the note.
This mortgage is intended'to cover the rents and prnilts of said property, and consent is hereby given after default, tbr the appointment of'
a receiver by any competent'court and the receiver is hereby authorized to rent the said property and apply the proceeds on this obligation.
The Mortgagors agree to keep the buildings now on said premises or hereafter erected thereon fully insured against loss by fire in some
fire insurance company approved by the ~nortgagee, with loss, if any payable to mo~gagee, during the life of this mo~gage.
The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on water
rights or shares of stock used in connection herewith, or held as collateral with the above note; also any tax that may be assessed by reason
of this mortgage or the debt secured thereby, and reasonable attorney's fbes in case of foreclosure, or the commencement of any legal
proceedings for foreclosure of the same, and said a~orney's fees shall be added to the amount due on this mortgage, and made a lien on the
premises described herein. In case of default in the payment of any sum covenanted to be paid, either the principal or interest when the
same shall become due and payable, or in case of default in the pertbrmance of any covenant herein contained, the whole amount of this
indebtedness s~cured herein may be immediately declared due and payable, and to bear interest at the rate of [0 percent per annum from
the date of such default, and this, mo~gage foreclosed at the option of the legal holder. In the event of defhult, Mortgagors grant to
Mortgagees a Power of Sale to foreclose on and sell said property as public auction pursuant to 34-4-101 et seq. Wyo. Stat., 1977, or its
SUCCeSsor.
WI~ESS the hand of said mo~gagor, this ~q~ day of July A.D. 2001
CarolS. Douglas
State of Wyoming }
County of Teton }
On the ~"/¢N' day of July A.D. 2001, personally appeared before me Louis J. Apsey and
Carolyn M. Douglas the signers of the within instrument, who duly acknowledged to me that they
executed }he same.
Commission expires: ~-l)-O.~
Residing in: O/q--c,l(----~k3t 0,.3: - 'fa7