HomeMy WebLinkAbout973114Order No.: ATEC- 204495
MORTGAGE
Neon Blue Development, LLC, a Wyoming Limited Liability Company of 1239 Hailstone
Dr. Heber City, UT 84032, (herein collectively called `MORTGAGOR to secure the payment
of $57,500.00, with interest thereon, as provided in and evidenced by a promissory note of even
date herewith (the ultimate maturity date of which is February 3, 2023 and all renewals,
modification and extensions thereof, do hereby mortgage unto Freedom Investments, LLC of
Afton, WY 83110 (herein called "MORTGAGEE the following described real property, situate
in the County of Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws of the State of Wyoming, to -wit:
Lot 51 of Afton Airpark Addition to the Town of Afton, Lincoln County, Wyoming as described
on the official plat filed on August 1, 2005 as Instrument No. 910442 of the records of the
Lincoln County Clerk.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes, assessments and
charges levied against the property, as the same become due and payable; to secure, maintain and
furnish MORTGAGEE evidence thereof, insurance with an insurance carrier or carriers
acceptable to MORTGAGEE, covering the insurance improvements on the Property against loss
by fire and earthquakes, with extended coverage, in an amount not less than the unpaid balance of
the debt hereby secured, or the insurable value (replacement cost) of such improvements,
whichever is less, which insurance shall contain an appropriate loss payable provision protecting
MORTGAGOR and MORTGAGEE as their respective interests may appear from time to time.
In the event MORTGAGOR fails to pay such taxes or assessments, or fails to keep and maintain
such insurance as herein provided, MORTGAGEE may pay such taxes and assessments and may
secure and pay for such insurance, and all sums so paid shall be added to and considered a part of
the indebtedness hereby secured and shall draw interest at the same rate.
In case default shall be made in the payment of the above sums 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 of default shall be made in any of the covenants and agreements thereof, or in the event
MORTGAGOR sells or conveys the Property, or any part thereof, or any interest therein, without
the prior written consent of the MORTGAGEE first had and obtained, then the whole
indebtedness hereby secured, with interest thereon, shall become due and payable, at the option of
MORTGAGEE, and MORTGAGEE'S legal representatives and assigns, may proceed by
advertisement and sale /or as otherwise authorized by governing law, to foreclose on and sell the
Property, and out of the proceeds of such sale, MORTGAGEE shall pay all sums due hereunder,
together with all costs of sale including reasonable attorney's fees. If the proceeds of the
foreclosure sale are insufficient to pay the indebtedness hereby secured and foreclosure costs,
MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of foreclosure occurs hereunder, MORTGAGEE
shall at once become entitled to exclusive possession, use and enjoyment of the Property, and to
all rents, issues and profits from the accruing of any such rights and during the pendency of the
foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by, through or under the
MORTGAGOR only.
Witness our hands this 3 day of September, 2013
Neon Blue Development, LLC
a ta. 6 0-v) /31(4 4 /Iii)/YvI L, P t__
Ron Blue, Member Ron Blue
Buppachart Blue, Member Buppachart Bluer
RECEIVED 9/5/2013 at 3:38 PM
RECEIVING 973114
BOOK: 819 PAGE: 617
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
0617
Order No.: ATEC 204495
Neon Blue Development, LLC, a Wyoming Limited Liability Company of 1239 Hailstone
Dr. Heber City, UT 84032, (herein collectively called `MORTGAGOR to secure the payment
of $57,500.00, with interest thereon, as provided in and evidenced by a promissory note of even
date herewith (the ultimate maturity date of which is February 3, 2023 and all renewals,
modification and extensions thereof, do hereby mortgage unto Freedom Investments, LLC of
Afton, WY 83110 (herein called "MORTGAGEE the following described real property, situate
in the County of Lincoln, State of Wyoming; hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws of the State of Wyoming, to -wit:
Lot 51 of Afton Airpark Addition to the Town of Afton, Lincoln County, Wyoming as described
on the official plat filed on August 1, 2005 as Instrument No. 910442 of the records of the
Lincoln County Clerk.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes, assessments and
charges levied against the property, as the same become due and payable; to secure, maintain and
furnish MORTGAGEE evidence thereof, insurance with an insurance carver or carriers
acceptable to MORTGAGEE, covering the insurance improvements on the Property against loss
by fire and earthquakes, with extended coverage, in an amount not less than the unpaid balance of
the debt hereby secured, or the insurable value (replacement cost) of such improvements,
whichever is less, which insurance shall contain an appropriate loss payable provision protecting
MORTGAGOR and MORTGAGEE as their respective interests may appear from time to time.
In the event MORTGAGOR fails to pay such taxes or assessments, or fails to keep and maintain
such insurance as herein provided, MORTGAGEE may pay such taxes and assessments and may
secure and pay for such insurance, and all sums so paid shall be added to and considered a part of
the indebtedness hereby secured and shall draw interest at the same rate.
In case default shall be made in the payment of the above sums 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 of default shall be made in any of the covenants and agreements thereof, or in the event
MORTGAGOR sells or conveys the Property, or any part thereof, or any interest therein, without
the prior written consent of the MORTGAGEE first had and obtained, then the whole
indebtedness hereby secured, with interest thereon, shall become due and payable, at the option of
MORTGAGEE, and MORTGAGEE'S legal representatives and assigns, may proceed by
advertisement and sale /or as otherwise authorized by governing law, to foreclose on and sell the
Property, and out of the proceeds of such sale, MORTGAGEE shall pay all sums due hereunder,
together with all costs of sale including reasonable attorney's fees. If the proceeds of the
foreclosure sale are insufficient to pay the indebtedness hereby secured and foreclosure costs,
MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of foreclosure occurs hereunder, MORTGAGEE
shall at once become entitled to exclusive possession, use and enjoyment of the Property, and to
all rents, issues and profits from the accruing of any such rights and during the pendency of the
foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by, through or under the
MORTGAGOR only.
Witness our hands this day of September, 2013
Neon Blue Development, LLC
f31
Ron B Member r Ron Blu 0
Buppa art Bl e, embe ppachart luer
MORTGAGE
0618
State of Wy(�
)ss.
County of ■firrie...an)
The foregoing instrument was acknowledged before me this 3 day of September, 2013, by
Ron Blue, Individually and as Members of Neon Blue Development, LLC.
Witness my hand and official seal
Notary Public: C/- OR/,9 R R. Ye/9 8
My commission expires: 9 /,ri
State of
County of I
The foregoing instrument was acknowledged before me this day of September, 2013, by
Buppachart Blue, Individually and as Members of Neon Blue Development, LLC.
Witn
bi'
y commission xpires:
LORIA K BYERS NOTARY PUBLIC
County oft• State of
Lincoln :1 Wyoming
My Commleeon Expires September 15.2018
and and official seal
i*' I itHe L
ATAVIMINIP
0619
MARILYN BROADBENT
NOTARY PUBUC STATE OF UTAH
Commisslon 606869 15
State of �,{�(�(jyrZ�Q
JJ )ss.
County of \ft/At-0.er?)
The foregoing instrument was acknowledged before me this 3 day of September, 2013, by
Ron Blue, Individually and as Members of Neon Blue Development, LLC.
Witness my hand and official seal
Notary Public: 0L0,Q /A /Y Ye `S
My commission expires: 9
State of
County of
s s.
The foregoing instrument was acknowledged before me this day of September, 2013, by
Buppachart Blue, Individually and as Members of Neon Blue Development, LLC.
Witness my hand and official seal
Notary Public:
My commission expires:
GLORIA K. BYERS NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My QornmIeson Expires September 15, 2015
0620