HomeMy WebLinkAbout870161Recorded 4 r'e.�C'e„. at
In Bo lA./t9 P e f L ha Kammerer, WY
MORTGAGE
No. Jeanne Wagner, Clerk
Andrew Parker and Holly Parker, husband and wife, Mortgagors, hereby grant,
bargain, sell, convey, confirm, mortgage and warrant to Glen and Eva Fluckiger, husband and
wife, Mortgagees, their successors and assigns, the real estate located in Lincoln County,
Wyoming described as:
Commencing at the Southeast Corner of the NE1 /4 SE1 /4 of
Section 12, T 31 N, R 119 W, 6 P.M., Wyoming, and
running thence North 9 rods, thence West 35 -5/9 rods, thence
South 9 rods, thence East 35 -5/9 rods to the point of
beginning.
Together with all and singular the fixtures, apparatus, equipment, tenements,
hereditaments and appurtenances thereunto belonging or in anywise appertaining, including
without limitation all buildings, structures, improvements and affixed equipment, oil, gas,
electric and other heating, lighting, plumbing, air conditioning, water and cooling apparatus
and systems, oil burners, stokers, thermostats, regulators, tanks, heaters, water softeners,
filters, motors, pumps, radiators, incinerators, grates, blinds, window shades, mirrors,
mantels, hardware, globes, awnings, storm doors, storm windows, screen doors, screen
windows, arbors, rock gardens, fences, towers, antennae, gates, trees, and shrubs, now or
hereafter placed upon said land, all of which things shall be deemed to be parts of the realty
regardless of the manner in which they may be affixed to or upon the same or any part
thereof, and together with the buildings, structures and improvements now thereon or
hereafter erected thereon and all additions, alterations, improvements, and repairs or
replacements thereof and all property of like kind and character now or hereafter acquired,
installed in, affixed to, commingled with or substituted for any of the above, and the proceeds
of any or all of the above, or, used in connection with or placed on said property.
TO HAVE AND TO HOLD the same to the Mortgagees, their successors and assigns
forever. The Mortgagors hereby covenant with the Mortgagees that the Mortgagors are
lawfully seized of said premises and have good right to sell and convey and mortgage the
same; that the same are free from all encumbrances; that the Mortgagees, their successors and
assigns, shall quietly enjoy and possess said premises and the said Mortgagors will warrant
and defend the title to the same against all lawful claims whatsoever.
THE MORTGAGORS HEREBY COVENANTS AND AGREES WITH THE
MORTGAGEES as follows:
1. This Mortgage is given to secure payment and the Mortgagors promise to pay
to Mortgagees $34,071.28, with interest, evidenced by a Promissory Note (hereinafter the
"Note") dated September /1 2000, and attached hereto and incorporated herein by
reference, and all other amounts due thereunder and all extensions and renewals thereof, and
any other indebtedness which may arise or be created between the Mortgagors and
Mortgagees, when and as the same shall become due and payable. Each such payment shall
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7. Mortgagors will comply promptly, at the expense of the Mortgagors, with all
laws, statutes, ordinances and regulations affecting the premises in any manner whatsoever.
711
8. Mortgagors will pay to or cause to be paid directly to the Mortgagees, for
application upon the indebtedness secured hereby, the full amount (up to the amount of
principal and interest then owed to Mortgagees pursuant to the Note and this Mortgage) of
any award or compensation for the taking or damaging by condemnation proceedings under
the power of eminent domain of all or any part of the mortgaged premises.
9. In case of the failure of the Mortgagors to do so, the Mortgagees may make
any payment or perform any covenant herein to be made or performed by the Mortgagors,
and any payment so made or expense incurred in connection therewith by the Mortgagees
shall bear interest at the rate of 18 and shall be immediately repayable by the Mortgagors,
and shall be impressed as an additional lien upon the mortgaged premises, and this Mortgage
shall thereupon secure the repayment of such advances with interest.
10. In case an event of default shall occur in making payments or performing any
other covenants or agreement required of Mortgagors as provided in the Note or this
Mortgage, the Mortgagors hereby authorize and empower the Mortgagees, their successors
and assigns to foreclose this Mortgage by advertisement and sale as provided by the statutes
of the State of Wyoming or to foreclose this Mortgage by judicial proceedings and convey
the same to the purchaser in accordance with the statutes of the State of Wyoming, and out
of the monies arising from such sale to retain all sums secured hereby with interest and all
legal costs and charges of such foreclosure and actual attorney's fees incurred by Mortgagees
(or such other amount as shall be fixed by the Court in the event of judicial foreclosure or
receivership), which costs, charges and fees the Mortgagors agree to pay. In case of the
foreclosure of this Mortgage, the Mortgagors hereby authorize and empower the Mortgagees,
their successors and assigns, to effect insurance upon the building and fixtures aforesaid for
a period covering the time for redemption for the sale of said premises under such
foreclosure, and to pay the premium therefor and the amount so paid shall be impressed as
an additional lien upon said premises and shall be secured by and be collectible as a part of
this Mortgage and bear interest at the rate of 18 from the date said amount is paid. In the
event of a foreclosure, Mortgagors hereby authorize and empower Mortgagees, their
successors and. assigns, to bring an action against any person who claims an adverse estate
or interest therein for the purpose of determining such adverse estate or interest, and to pay
costs and expenses thereof together with actual attorney's fees which amount shall be
impressed as an additional lien upon said premises and shall be secured by and collectible as
a part of this Mortgage. In case the proceeds from foreclosure sale are insufficient to pay the
total indebtedness secured hereby, the Mortgagors, bind themselves to pay the unpaid
balance, and the Mortgagees will be entitled to a deficiency judgment.
11. Upon commencement of any foreclosure, or at any time thereafter, and prior
to the expiration of the time for redemption from any sale of said premises on foreclosure, any
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IN WITNESS WHEREOF, Mortgagors, hereby releasing and waiving any and all
rights under and by virtue of the homestead exemption laws of Wyoming, have signed and
sealed this Mortgage this /J day of September, 2000.
STATE OF WYOMING
COUNTY OF LINCOLN
Subscribed and sworn to before me by Andrew Parker and Holly Parker,
husband and wife, this a of September, 2000. Witness my hand and official seal.
My commission expires:
SEAL
Going i of
MOPES NOTARY PUBLIC
State of
Wyoming
lio m,7mi sion Expires February 21, 2002
SS
Andrew Parker
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71'
Notary Public
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of creditors, or any proceeding is commenced either by Borrower or against Borrower under
any bankruptcy or insolvency laws;
e. Any creditor tries to take any of Borrower's property on or in which Lender
has a lien or security interest;
f. Borrower conveys, directly or indirectly, through transfer of legal title or
equitable title or otherwise, any interest in any collateral which is intended to secure the rights
of Lender herein;
2. LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, without notice, and then
Borrower will pay that amount. Upon default, including failure to pay upon final maturity, Lender,
at its option, may also, if permitted under applicable law, increase the rate of interest as provided
above. The interest rate will not exceed the maximum rate permitted by applicable law. Lender may
hire or pay someone else to help collect this Note if Borrower does not pay. Borrower also will pay
Lender the costs incurred by Lender in collecting this Note. This includes, subject to any limits under
applicable law, Lender's reasonable attorneys' fees and legal expenses whether or not there is a
lawsuit, including reasonable attorney's fees and legal expenses for bankruptcy proceedings (including
efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post
judgment collection services. If not prohibited by applicable law, Borrower also will pay any court
costs, in addition to all other sums provided by law. This Note shall be governed by and construed
in accordance with the laws of the State of Wyoming.
3. COLLATERAL. This Note is secured by, in addition to any other collateral, a
Mortgage dated September 4 2000, to Lender on real property located in Lincoln County, State
of Wyoming, all the terms and conditions of which are hereby incorporated and made a part of this
Note.
4. GENERAL PROVISIONS. Lender may delay or forego enforcing any of its rights
or remedies under this Note without losing them. Borrower and any other person who signs,
guarantees or endorses this Note, to the extent allowed by law, waive presentment, demand for
payment, protest and notice of dishonor. Upon any change in the terms of this Note, and unless
otherwise expressly stated in writing, no party who signs this Note, whether as maker, guarantor,
accommodation maker or endorser, shall be released from liability.
THE UNDERSIGNED ACKNOWLEDGES HAVING READ AND UNDERSTOOD THE
ABOVE PROVISIONS OF THIS PROMISSORY NOTE. THE UNDERSIGNED AGREES TO
THE TERMS OF THIS PROMISSORY NOTE AND ACKNOWLEDGES RECEIPT OF A
COMPLETED COPY OF THIS PROMISSORY NOTE.
STATE OF WYOMING
COUNTY OF LINCOLN
Subscribed and sworn to before me by Andrew and Holly Parker this /,Q day of
September, 2000. Witness my hand and official seal. My commission expires:
SEAL
Dated: September 2000.
z
GERALDYNE B. HOOPES NOTARY PUBLIC
County of
Lincoln
SS
State of
Wyoming
My Commission Expires February 21, 2002
Andrew Parker, Borrower
olly Parr °r; orrower
71E