HomeMy WebLinkAbout870654STATE OF WYOMING
as:
COUNTY OF LINCOLN
On this 10th day of
Ralph J. Storer
My Commission Expires: a s.
MORTGAGE DEED WITH RELEASE OF HOMESTEAD
Ralph J. Storer or Doris J. Zivin
County, State of �Ar.i z ona Mortgagor(s), of Mar i Copa
,to secure the payment of Ten Thousand no/100 Dollars
(S 1 0 .000 00 due September 1 5„ 201 Q 151 with interest from SP tpmhpr 1 5 7 000
•$x at the rate of TAn ner cent ner annum navable monthly, evidenced by Promissory Note
of even date herewith; in monthly installments of Oloe. N!)NpRED'ril two il., 1 /r aQ Dollars (S 1 0 0 0 0 0 0)
each, including interest; coriimencing on the 1 5th day of S Ppt emhp r 2000 ,19
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 Lot 271
BOOK 458 PR PAGE 036
LINCOLN COUNTY CLERK
agora) agree to pay the indebtedness ace o i J N —8
Note hereinabo f1 s 11 5 t:
a duri conditions m
ditions of that rve
executed by Mortgagors) to LEISURE VAL NV
ssessmcnts against the premises. If Mortgagor(s) fail to pay such taxes or asses ments Mortga 8 s Pr -4�rS Ne
sums paid by Mortgagee for such purpose shall be added to and considered a a art of the indcbs r s �,in
at the same rate; P s a draw interest
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 attorneys' fees in an
amount equal to Ten Percent (10 of the indebtedness remaining unpaid at the time of such sale, and the same shall be taxed
its 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 promises 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, 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, Mortgage e 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 law, 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 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).
MORTGAGOR(S) HEREBY RELINQUISH AND WAIVE all rights under and by virtue of the homestead exemption
laws of the State of Wyoming.
DATED this 1 bth day of July, 2000
Ju
to be the person(s) described in and who executed the
same as" t y— free act and deed, including
WITNESS my hand and seal.
ly, 2000
MORTGAGOR(S):
19 before me personally appeared
and Doris J. Zivin known to me
foregoing instrument and acknowledged that }}4Q,t executed the
the release and waiver of the right of homestead.
NOTARY PUBLIC in and for said
County and State
.Recorded at the Request of:
LEISURE VALLEY, INC.
P.O. Box 42755
Las Vegas, Nevada 89116