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MORTGAGE DEED WITII RELEASE OF HOMESTEAD
Terry Leo. Shirley Ann Neher (Trustee' q) Mortgagor(s), of Mineral
County, State of Montana to secure the of a ment
(s 20,`)5.00 duo Pr 1. 2010 P Y Z+�tv Ord Nine Iii 7t,, a«Deltas
with interest from (*cfer 1 2000
at the rate of 'jam per cent per annum payable monthly, evidenced by Promissory Note rt
of even date herewith; in monthly installments of 'Tien J 1rrtrr. d Spwrity Six 5/100 Dollars 77A `,3
each, including interest, commencing on the 1c+ day of
and continuing on the same day of each month thereafter, does hereby mortgage and warrant to LEISURE VALLEY, INC.,
a Nevada 'Corporation; Mortgagee, of Lincoln County, Wyoming, the following described real property in the County of
Lincoln, State of Wyoming:
Star Valley Ranch RV Park Plat 1, 2nd Filing Lot 2012
Tin Mort g ge
Mortgagor(s) agree to pay the indebtedness according to the terms and conditions of that Promissory Note hereinabove
described, executed by Mortgagors) to LEISURE VALLEY, INC., and during the life of this mortgage to pay all taxes and
assessments against the premises. If Mortgagor(s) fail to pay such taxes or assessments, Mortgagee may pay the same, and all
sums paid by Mortgagee for such purpose shall be added to and considered as a part of the indebtedness and shall draw interest
at the same rate;
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 or under the aforesaid Promissory Note, then the whole indebtedness shall, at
Mortgagee's option, become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertisement
and salo of the premises as provided by the statutes of the State of Wyoming, or by an action in equity. This will be
Mortgagee's sole remedy against Mortgagor(s) in case of default by Mortgagor(s). Out of the proceeds of any foreclosure the
Mortgagee shall retain or receive all sums due to It hereunder and costs of foreclosure and sale, including attorneys' fees in an
amount equal to Ten Percent (10 of the indebtedness remaining unpaid at the cline of such sale, and the same shall be taxed
is costs in any equitable action brought to foreclose this mortgage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(,)
hereby assign to Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession
thereof with Mortgagor's consent. If default occurs in any of the covenants and agreements herein contained or under the
aforesaid Promissory Note, whether or not Mortgagee elects to foreclose this mortgage on account thereof, Mortgagors) hereby
authorize Mortgagee to collect the rents from the premises and to apply the same to the payments on 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 rents and profits thereof from the time of such default and during the pendency of foreclosure proceedings
and period of redemption, if any. If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request
therefdr, Mortgagee may compel delivery thereof by ejectment action or other civil proceedings appropriate for that purpose.
Furthermore, in addition to the remedies otherwise provided for in this mortgage and by Mw, and as a matter of right without
regard to the solvency or Insolvency of Mortgagor(s) or the value of the premises or the insufficiency thereof to discharge the
indebtedness and costs of foreclosure and sale, Mortgagee shall be entitled to receive from the premises the rents, Issues, and
profits thereof from the, time of default to the expiration of any redemptive Y p period provided by law. A receiver may be
appointed by any court of competent jurisdiction upon ex parto application without notice, notice being hereby waived and
appointment of a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGACOR(S) THEREBY RELINQUISII AND WAIVE all rights under and by virtue of the homestead exemption
laws of the State of Wyoming.
DATED this 1 7th day of August, 2000 ,1
1300K 9 PR PAGE 473
11
STATE OIL WYOMING
as:
COUNTY OF LINCOLN
My Commission Expires: Ib 05- 01
On this 1 7 t h day of August, 2000 19 before me personally appcated
Terry Leo Neher and Shirley Ann Neher
to bo the person(s) described in and who executed the foregoing instrument and acknowledged that �0 to the
same as their free act and deed, including the release and waiver of the right of homestead. the executed the
WITNESS my hand and seal.
NOTARY PUBLIC in and for said
County and State
.Recorded at the Request of:
LEISURE VALLEY, INC.