HomeMy WebLinkAbout870656MORTGAGE DEED WITH RELEASE OF HOMESTEAD
I Murray Johhs.on Marguerite J. Johnson Mortgagor(s), of Mari cnpa
County, State of Arizona to secure the payment ofEleyen Thn: Sand Dotlars
(S 1 1 n n 0 O 0 due ept Pmhe r 1 5 2 0 1 interest from
at this rate of Ten eptembor 1 5 7 0 0 0
per ce nt per annum payable monthly, evidenced by Promissory Note
of even date herewith, in monthly installments of One Hundred Forty F ive INIIm On 1d
each, including interest; commencing on the 1 5 t h day of 5 3 7
and continuing on the same day of cacti month thereafter, does hereby mo rtgag c and warrant o LEISURE VALLEY, IN C,,
a Nevada 'Corpoiation; Mortgagee, of Lincoln County, Wyoming, tie following described real property in the County of
Lincoln, State of Wyoming:
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his ort gage
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leiTiRiES
On this 27th day of July, 2000 )l;k before me personally appeared
I Murray Johnson and Marguerite J. JOhnson known to me
to be the rson(s) described in and who executed the foregoing instrument and acknowledged that `":j
same aa` 1 t free act and decd, including the release and waiver of the right of homestead. executed the
Star Valley Ranch RV Park Plat 1 Lot 188
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RECEIVED
LINCOLN COUNTY CLERKS:
Mortgagor(s) agree to pay the indebtedness accordin h fry conditions of that Poo o It re x r,+1,#1. e
described, executed by Mortgagor(s) to LEISURE VALLEYONJ Ua di hg hefe this and
assessments against the premises. If Mortgagor(s) fail to pay such taxes or assessments Mortgagee mortgage to pay all taxes and
sums paid by Mortgagee for such purpose shall be added to and considcrcd as a part of the ind btedness� 9t i NG
at the same rate, crc i4��3!4Sl
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 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, 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
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).
MORTCAGOR(S) HEREBY RELINQUISH AND WAIVE all rights under and by virtue of the homestead exemption
laws of the State of Wyoming.
DATED this 27th day of July, 2000 ,lgx
STATE OP WYOMING
n:
COUNTY OP LiNCOLN
My Commission Expires:
05 0
MORTGAGOR(S):
r
.Recorded at the Request of:
LEISURE VALLEY, INC.
P.O, Box 42755
Las Vegas, Nevada 89116
NOTARY PUBLIC in and for said
County and State
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