HomeMy WebLinkAbout871127MORTGAGE DEED
871127
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Jerry L. Greenfield, Patricia G. Greenfield, David A. DeCoria, and Roxanne A. DeCoria
mortgagors, of Lincoln County, State of Wyoming, to secure the payment of ONE
HUNDRED THOUSAND AND NO /100 DOLLARS, due February 1, 2004 with interest
thereon at the rate of NINE percent per year (said sum, and the interest thereon, being
referred to as the "indebtedness payable monthly in accordance with the provisions of that
certain Note, dated February 2, 2001, hereby mortgage and warrant to mortgagee, Lincoln-
Uinta Revolving Loan Fund of Lincoln County, State of Wyoming the following described
real estate, situated in the county of Lincoln, in the State of Wyoming, to-wit:
Parcel 1: Lot 3 of the Budd -M -Rich Subdivision, Lincoln County, Wyo
on the official plat thereof..
Parcel 2: Lot 4 and the East half of Lot 5 of Block 37 of the First Addition to the
Kemmerer, Lincoln County, Wyoming as described on the official plat thereof.
Mortgagors agree to pay the indebtedness according to the terms of said Note, and, duri
life of this mortgage, to pay all taxes and assessments on the premises and to provide
adequate hazard insurance policies covering fire and extended coverage and such other
hazards as may be deemed appropriate in amounts and form sufficient to prevent mortga
from becoming a co- insurer and issued by companies satisfactory to the Lender, with the
proceeds thereof made payable to the mortgagee. If mortgagors fail to pay such taxes or
assessments or fail to keep the premises insured, mortgagee may pay the same and may insure
the premises, and all sums paid by mortgagee for such purposes shall be added to and
considered as a part of the indebtedness and shall draw interest at the same rate.
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If default occurs in the payment of the indebtedness or in the payment of any installment
thereof, or if default occurs in any of the covenants and agreements hereof, then the whole
indebtedness shall, at mortgagee's option, become due and payable forthwith, and mortgagee
may foreclose this mortgage either by advertisement and sale of he premises as provided by
statute, or by action in equity. Out of the proceeds of any foreclosure sale, mortgagee shall
retain or receive all sums due to it hereunder, and costs of foreclosure and sale, including
reasonable attorney fees.
To fully assure the mortgagee the benefit of the security interest in the premises granted to it
hereunder, mortgagors hereby assign to mortgagee all rents hereafter payable for the use and
occupancy of the premises by any person in possession thereof with mortgagors' consent. If
default occurs in any of the covenants and agreements herein contained, whether or not
mortgagee elects to foreclose this mortgage on account thereof, mortgagee shall at once be
entitled, and is hereby authorized, to collect rents from the premises and to apply the dame to
the payment of the indebtedness secured hereby until such default is remedied.
In the event of foreclosure of this mortgage upon default, mortgagee shall be entitled to the
possession and enjoyment of the premises and the incident rents, issues, and profits thereof
from the time of such default and for and during the pendency of foreclosure proceedings and
CFJVEO
t..INCUNTY CLERK
01 FEB -2 PH to 15
JEANNE WAGNER
f'KEMMERER, WYOMING
the period of redemption, if any. If mortgagors should fail to surrender such possession to
mortgagee promptly upon its request therefor, mortgagee may compel delivery thereof by an
ejectment action or other civil proceeding appropriate to that purpose. Furthermore, and in
addition to the remedies otherwise provided for in this mortgage and by law, and as a matter
of right, without regard to the solvency or insolvency of mortgagors, the value of the
premises, or the sufficiency thereof to discharge the indebtedness and costs of foreclosure and
sale, mortgagee shall be entitled to a receiver for the premises and the rents, issues and profits
thereof from the time of default to the expiry of any redemptive period provided by law.
Such receiver may be appointed by any court of competent jurisdiction upon ex parte
application, without notice, notice being hereby waived and the appointment of a receiver
upon such application being hereby consented to by mortgagors.
Hereby releasing and waiving all rights under and by virtue of the homestead exemption laws
oft4e State of Wyoming.
Witness our hands this 2nd day of February, 2001.
Jerrv_L Greenfield
Patricia G. Greenfield
Witness my hand and official seal
My commission expires: February 2, 2002
°,i 4 "..,4"1
David A. DeCoria
Avi"
Roxanne A. DeCoria
State of Wyoming
County of Lincoln
The foregoing instrument was acknowledged before me by Jerry L. Greenfield Patricia G.
Greenfield, David A. DeCoria, and Roxanne A. DeCoria this 2nd day of February, 2001.
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