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Mortgagor:
Mortgagee:
Robert Sweet
P.O. Box 12691
Jackson, WY 83002
c/o Margot Belden
P.O. Box 8969
Jackson, WY 83002
065
8. Warranty. The Mortgagor warrants the title to the Property. Mortgagor
shall furnish and pay for title insurance coverage insuring Mortgagee's interest in the
Property to the full amount of the indebtedness secured hereby.
9. Default and Acceleration. The entire indebtedness secured hereby shall
become due and payable at the option of the Mortgagee:
a. Upon default in the payment of any amount hereby secured or
payable hereunder (regular installments of principal and interest, late
charges, lawful charges against the Property, amounts paid by
Mortgagee, attorney fees, collection costs, etc.) and failure to cure
such payment default within fifteen (15) days of written notice
thereof; or
b. After failure to exhibit to the Mortgagee, within thirty (30) days
after demand, receipts showing payment of all ground rents, taxes,
water rates, sewer rents, governmental charges, quasi governmental
charges and assessments; or
c. After the assignment of the rents of the Property or any part thereof
without the written consent of the Mortgagee, except as otherwise
provided herein, or
If the Mortgagor fails to keep, observe and perform any of the other
covenants, conditions or agreements contained in this Mortgage (not
cured within prescribed time limits); or
e. After failure to comply with any requirement or order or notice of
violation of law or ordinance issued by any governmental or quasi
governmental authority claiming jurisdiction over the Property
within three (3) months from the issuance thereof; or
f. Upon sale or transfer of an interest in the Property without
Mortgagee's consent as herein provided; or
Anything in this Mortgage contained to the contrary
notwithstanding, if it shall be necessary for Mortgagee or
Mortgagee's agent to notify Mortgagor in writing of default under
this Mortgage for failure to make the required payments in a timely
manner two (2) times during the loan period. Then the Mortgagee
shall not be obligated to provide any further notice of default and
the mortgage will, at the option of Mortgagee, be in default (and all
amounts secured hereby and payable hereunder shall be fully due and
payable) and the Mortgagee shall have all remedies available to it as
set forth herein.
10. Foreclosure Upon Default. In the event of default and acceleration as
herein provided, the Mortgagee may proceed, pursuant to the laws of the State of
Wyoming, by judicial foreclosure or advertisement and sale, to foreclose on and sell the
Property, and out of the proceeds of such sale shall pay all sums secured hereby,
including all costs and expenses of the foreclosure proceeding.
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subsequent owners, encumbrancers, tenants and subtenants of the Property, and shall
inure to the benefit of the Mortgagee, the personal representatives, successors and
assigns of the Mortgagee, and all subsequent holders of this Mortgage. The word
"Mortgagor" shall be construed as if it read "Mortgagors" and the word "Mortgagee"
shall be construed as if it read "Mortgagees" whenever the sense of this Mortgage so
requires. Whenever used, the singular shall include the plural, the plural the singular and
the use of any gender shall include all genders. This Mortgage shall be governed by the
laws of the State of Wyoming.
IN WITNESS WHEREOF, this Mortgage has been duly executed by the
Mortgagor, hereby relinquishing and waiving all rights under and by virtue of the
homestead exemption laws of the State of Wyoming.
STATE OF WC-) b i u'i
COUNTY OF"1
2758532_1.DOC
ss.
Witness my hand and official seal.
Robert Sweet
Thoing instrument was acknowledged before me by Robert Sweet this 3.1
day of 2001.
Notary Public
My Commission Expires:
067