HomeMy WebLinkAbout870658MORTGAGE DEED WITH RELEASE OF ITOMESTEAD
Carl J.' &.Beverly J. Grover
County, State of .Idaho Mortgagor(s), or Bonneville
County,
000 .'o0 to secure the payment of Eleven Thousand and no /100 Dollars
xi9 due September 15, 2010 lgt with interest from SeptemhPr 15, 2(1ffl
at the rate of Ten per cent per annum payable monthly, evidenced by Promissory Noto
of even date herewith; in monthly installments of :7... .2000 I
each; including Interest, eotnmeneing on the 15t day of o e. nd warrant ilars 1 37
and continuing on the same day of each month thereafter, does hereby mrtggarrraannt to LEISURE VALLL
a Nevada 'Corporation; Mortgagee, of Lincoln County, Wyoming, the followin described real property in the County of
_Lincoln, State of Wyoming:
5bc�oMi�
0
1300K_454PR PAGE 0 4 0
'Star Valley Ranch RV Park Plat 1 Lot 115
Mortgagor(s) a gree to pay the indebtednes SA terms and conditions
described, executed by Mortgagors) to LEISURE VALLEY, INC,, and during the life of 11 ry reurabove
assessments against the premises. if Mortgagor(s) fail to pay such taxes or assessments, Mo
at the same rate;
sums
P aid
by y for such purpose shall be added to and considered as a part of the in
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 State sale of the premises as provided by the statutes of the ate 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
is costs in any equitable action brought to foreclose this mortgage.
To fully assure Mortgagee the benefits of the sccurity interest in the premises granted to it hereunder, Mortgagor(s)
hereby assign to Mortgagee aU 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 u 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 patio 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) 118REt3y RLLINQUISI I AND WAIVE all rights under and by virtue of the homestead exemption
laws of the State of Wyoming.
DATED this 1 9 th day of July, 2000 T
MORTGAGOR(S):
STATE OF WYOMING
COUNTY OP LINCOLN
SS
On this 19th
Carl J ��or me personally appeared
and Beverly J. Grover known to me
r same as tilelr
free act
described to be the person(s) in and who executed the foregoing deed g instrument and acknowledged that they executed the
including the release and waiver of the right of homestead.
WITNESS m ha
VICKIE J. JEPPERSON NOON
O�
Lamb
Commission
My Commission Expires: g b 0 S. 0
day of July, 2000 19 before
,Recorded at the Request of:
VALLEY, INC.
P.O. Box 42755
Las Vegas, Nevada 89116
RECEIVED
LINCOLN C OU N TY CLERK
o rat `romisao etc he
age to may. -a Ve 31
Ea
i p l abb 0 r9INES
NOTARY PUBLIC in and for said'
County and State
and
d all
crest