HomeMy WebLinkAbout869996U1U141J1
Recorded, „,/,1.Y? i at ...14 4 M
In Book C.Alb Page „j Kemmerer, WY
MORTGAGE No. ,,,,�i, j; Jeanne Wagner, Clerk
KNOW ALL MEN BY THESE PRESENTS THAT THIS MORTGAGE is executed and
delivered as of the 28 day of November, 2000, by PORTER INGRAM, LLC, a Wyoming
Limited Liability Company, of P.O. Box 4429, Jackson, Wyoming, 83001, hereinafter referred to
as the "MORTGAGOR and PATRICIA "PAT" J. KENNISON, Trustee, and her successors in
Trust, under the KENNISON FAMILY TRUST, dated the 2nd day of August, 1991, and any
amendments thereto, of 13201 49 Lane, Yuma, Arizona, 85367, hereinafter referred to as the
"MORTGAGEE
The MORTGAGOR, to secure payment of the sum of eighty seven thousand, five hundred
dollars ($87,500.00.00) plus interest, does hereby MORTGAGE to the MORTGAGEE the
following described parcels of real property situate in Etna, Lincoln County, Wyoming:
Parcel 1
A portion of the NW'/4SW'A of Section 11, T35N, R1 19W, 6 Principal Meridian
in Etna, Lincoln County, Wyoming, and more particularly described as follows:
Beginning at a point 538.36 feet South from the West Quarter corner of said
Section 11;
Thence S 89° 41' 13" E, along an approximate fence line 460.51 feet;
Thence S 00° 21' 30" W, 159.80 feet to a point in a woven wire school fence;
Thence N 89° 41' 12" W, along last said fence and the Westerly prolongation
thereof 459.51 feet to the West line of said Section 11;
Thence North along last said West line, 159.80 feet to the POINT OF
BEGINNING; and
Excepting therefrom that parcel of land conveyed to Lincoln County, recorded
August 6, 1931, Book 17 of Deeds, Page 160.
Together with and including all improvements thereon and all appurtenances and
hereditaments thereunto belonging. Subject to all covenants, conditions,
restrictions, easements, reservations, and rights -of -way of sight and /or record.
Parcel 2:
A portion of the NW1/4SW1/4 of Section 11, T35N, R119W, 6 Principal Meridian
in Etna, Lincoln County, Wyoming, and more particularly described as follows:
Beginning at a point 693.00 feet South from the West Quarter corner of said
Section 11;
Thence roaming East 459.55 feet;
Thence S 00° 21' 30" W, 7.67 feet to a point set in a woven wire school fence;
Thence W 89° 41' 31" W, along said fence and the Westerly prolongation thereof,
459.51 feet to the West line of said Section 11,
Thence North along last said West line, 5.16 feet to the POINT OF BEGINNING.
MORTGAGE
Page 1 of 5
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11
the MORTGAGEE, with interest thereon from the date of payment at the interest rate for
overdue amounts provided in the note or notes secured hereby until repaid, and the same
shall be a lien on the property and be secured by this MORTGAGE;
4. If the MORTGAGOR defaults in the payment of any principal or interest on the
indebtedness secured hereby after the same shall become due and payable, or in case of
breach of any covenant or agreement herein or contained in any other recorded
MORTGAGE debt on the property, in each case for a period of thirty (30) days after such
default, the whole of the then outstanding indebtedness secured hereby, both principal
and interest, together with all other sums payable pursuant to the provisions hereof, shall,
at the option of the MORTGAGEE, become immediately due and payable, anything
herein or in said note or notes to the contrary notwithstanding, and failure to exercise said
option shall not constitute a waiver of the right to exercise the same in the event of any
subsequent default. The MORTGAGEE may enforce the provisions of, or foreclose, this
MORTGAGE by any appropriate suit, action or proceeding at law or in equity or by
advertisement and sale as provided by Wyoming statutes. At any foreclosure sale, the
MORTGAGEE may cause to be executed and delivered to the purchaser or purchasers a
proper deed of conveyance of the property so sold. The MORTGAGOR agrees to pay all
costs of enforcement and of foreclosure, including reasonable attorney fees. The failure
of this MORTGAGEE to promptly foreclose following a default shall not prejudice any
right of the MORTGAGEE to foreclose thereafter during the continuance of such default
or any right to foreclose in case of further default or defaults. The proceeds from such
sale shall be applied to the payment of (1st) the costs and expenses of the foreclosure and
sale, including reasonable attorney fees, and all money expended or advanced by the
MORTGAGEE pursuant to the provisions of this MORTGAGE; (2nd) all unpaid taxes,
assessments, claims and liens on the property, which are superior to the lien hereof; (3rd)
the balance due to the MORTGAGEE on account of principal and interest and late
charges on the indebtedness hereby secured; and (4th) the surplus, if any, shall be paid to
the MORTGAGOR (subject to the rights of any junior lienholders);
5. If the right of foreclosure accrues as a result of any default hereunder, the MORTGAGEE
shall at once become entitled to exclusive possession, use and enjoyment of the property
and to all rents, income and profits thereof, from the accruing of such right and during the
pendency of foreclosure proceedings and the period of redemption, and such possession,
rents, income and profits shall be delivered immediately to the MORTGAGEE on
request. On refusal, the delivery of such possession, rents, income and profits may be
enforced by the MORTGAGEE by any appropriate suit, action or proceeding. The
MORTGAGEE shall be entitled to a receiver for the property and all rents, income and
profits thereof, after any such default, including the time covered by foreclosure
proceedings and the period of redemption and without regard to the solvency or
insolvency of the MORTGAGOR, or the then owner of the property, and without regard
MORTGAGE
Page -3 of 5
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.9
11. Each individual executing this MORTGAGE and the related note or notes shall be
personally bound, jointly and severally, to perform and observe all covenants and
agreements of the MORTGAGOR contained herein and therein; and
12. Any notice required to be given to any person hereunder or under the note or notes
secured hereby shall be given by delivery or by mailing the same by certified mail to such
persons at the address noted above (or to such other address as shall have been specified
in writing), and notice so mailed shall for all purposes hereof be as effectual as though
served upon such party in person at the time of depositing such notice in the mail.
IN WITNESS WHEREOF, this MORTGAGE has been executed by the MORTGAGOR
as of this 08 day of November, 2000.
y: James Anthony Porter, anager
STATE OF WYOMING
County of Teton
PORTER INGRAM, LLC
A WYOMING LIMITED LIABILITY COMPANY
ss.
The foregoing MORTGAGE was acknowledged before my by PORTER INGRAM, LLC,
a Wyoming Limited Liability Company, by James Anthony Porter and Eleanor Lyons Ingram,
Managers and Members, on this d day of November, 2000.
Witness my hand and official seal.
MORTGAGE
Page 5 of 5
By: Eleanor Lyons I
ram, Mana_'-r
Notary Public for the State o Wyomin
My commission expires: '0)
34.1