HomeMy WebLinkAbout970794MORTGAGE DEED
REX DOORNBOS and SARAH DOORNBOS, husband and wife, MORTGAG-
ORS, of Lincoln County, State of Wyoming, to secure the payment of TWO
HUNDRED THOUSAND AND NO /100 Dollars ($200,000.00), due May 1, 2033,
with interest from May 1, 2013 at the rate of three and one fourth percent
(3.25 per annum, payable monthly, evidenced by one installment note of
even date herewith, MORTGAGOR, do hereby mortgage to ALVIN H.
DOORNBOS and DONNA DOORNBOS LIVING TRUST DATED JULY 27,
2011, ALVIN H. DOORNBOS AND DONNA DOORNBOS, TRUSTEES,
MORTGAGEE, whose address is 664 Beartooth Ct., Powell, Wyoming 82435, the
following described real estate situate in the County of Lincoln, State of
Wyoming, hereby relinquishing and waiving all rights under and by virtue of the
homestead exemption laws of the State, to -wit:
Lot 7 of Misty Meadow Estates Subdivision within the E /2 of Section
22, T. 36 N., R. 119 W., as said subdivision is laid down and platted
in the Office of the Lincoln County Clerk, Wyoming.
Together with all improvements thereon and appurtenances and
hereditaments thereunto or in anywise appertaining.
In case of any default whereby the right of foreclosure occurs,
MORTGAGEE shall at once become entitled to exclusive possession,
use and enjoyment of the property and all rents, issues and profits
thereof from the accruing of such right and during the pendency of
foreclosure proceedings and the period of redemption, if any there
be, and such possession, rents, issues and profits shall at once be
delivered to MORTGAGEE on request. On refusal, the delivery of
such possession, rents, issues and profits may be enforced by
MORTGAGEE in an appropriate civil suit or proceeding.
The MORTGAGORS agree to pay the indebtedness hereby secured, and
to pay all taxes and assessments on said premises and to keep the buildings
thereon insured in a sum not less than Two Hundred Thousand and no /100
Dollars ($200,000.00) during the life of this mortgage, in favor of and payable
to the MORTGAGEE, and in case the MORTGAGOR shall fail to pay such taxes
and assessments and to keep the premises insured as aforesaid, the MORT-
GAGEE may insure said buildings and pay said taxes and assessments, and all
(GR00
RECEIVED 5/2/2013 at 4:03 PM
RECEIVING 970794
BOOK: 810 PAGE: 600
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
sums so paid shall be added to and considered as a part of the above
indebtedness hereby secured, and shall draw interest at the same rate.
MORTGAGOR does further agree to keep the premises free of all mechanic's
liens, tax liens, or encumbrances of any kind which could be superior to this
mortgage interest.
In case default shall be made in the payment of the above sum hereby
secured, or in the payment of the interest thereon, or any part of such principal
or interest, when the same shall become due, or in case default shall be made
in any of the covenants and agreements hereof, then the whole indebtedness
hereby secured with the interest thereon shall become due and payable, and
the MORTGAGEE, its legal representatives or assigns may proceed, to enforce
the provisions of this mortgage, either by suit at law or in equity, as it may
elect, or to foreclose this mortgage by advertisement and sale of the above
described premises, according to Wyoming statutes governing mortgage
foreclosures, and out of the proceeds of such sale shall pay all sums due
hereunder, together with all costs of sale and foreclosure, including a
reasonable sum as attorney's fees.
DATED this o' day of A 1 2013.
STATE OF WYOMING
)SS
COUNTY OF LINCOLN
(S E A L)
My Commission Expires:
2
REX I +ORNBOS SARAH DOORNBOS
The foregoing instrument was acknowledged efore me by Rex Doornbos
and Sarah Doornbos, this day of L. 2013.
WITNESS my hand and official seal. j t,
Notary Public (11
SUE E. GRIFFIN
COUNTY OF
LINCOLN
MY COMMIS! IUN.R 1
NOTARY PUBLIC
STATE OF
WYOMING
0`O01_