HomeMy WebLinkAbout870652MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Darryl L. Hoxie and Katrina Dane Hoxie
Mortgagor(s), of Teton County, State of Wyoming to secure payment of
Twenty -nine thousand seven hundred Dollars 29,700.00 due November 15, 2010
with interest from November 15, 2000 at the rate of 10 per cent per annum payable monthly,
evidenced by promissory note of even date herewith, in monthly installments of Three Hundred Ninety -two dollars
and 49/100 Dollars 392.49 each, including interest, commencing on the
15th day of December 2000, and continuing on the same day of each month
thereafter, do es hereby mortgage and warrant to LEISURE VALLEY, INC., a Nev .0 t _agee, of
Lincoln County, Wyoming, the following described real property in the County of
Lot 49 of Bridger View Ranches
Mortgagor(s) agree to pay the indebtedness according to the terms and conditions o
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life of this mortga
the premises. If Mortgagor(s) fail to pay such taxes or assessments, Mortgagee may pay the
for such purpose shall be added to and considered as a part of the indebtedness and shall draw inter
2-
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 sale 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 attorney fees in an amount equal to 10 percent of the indebtedness remaining unpaid at the
time of such sale, and the same shall be taxed as 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(s) 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 the covenants and agreements herein contained or under the aforesaid Promissory Note, whether
or not Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) 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 therefor, 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 law and as a matter of right without regard to the solvency or insolvency of Mortgagor(s),
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 period
provided by law. A receiver may be appointed by any court of competent jurisdiction upon ex parte application without notice, notice
being hereby waived and appointment of a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGORS(S) HEREBY RELINQUISH AND WAIVE all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this 1 al' L- day of a J 0 lc 2000.
MORTGAGORS:
870652
STATE OF WYOMING
ss.
COUNTY OF LINCOLN
BOOK 458 PR PAGE 034
BO RECEIVED
IVED
L1NCUL C, T CLE
01 JAN` AM11:
JEANNE WAGNER
KEMMERER. WYOMING
On this t 3 day of n CAS "1 �t C 1\ 2000, before me personally appeared
i t? t l i r to me known to be the person(s)
described i and who executed the foregoing instrument, and acknowledged that executed the same as 1! e 1
free act and deed, including the release and waiver of the right of homestead.
WITNESS my hand and seal.
My commission expires
1 A i(OP
NOTARY PUBtI
County of
"u Lincoln
in and for said County and State
NANCY J. BROWN NOTARY PUBLIC
Sntte of
Wromini
My Commission Expires 06-13-2002