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HomeMy WebLinkAbout86866086x360 MORTGAGE 1 0 HIS MORTGAGE, is made the 6 day of September, 2000, by and between W. Keith Goody and Mary Goody, husband and wife, Box 2488, Jackson, Wyoming 83001, hereinafter referred to as the "Mortgagor and Joseph M. DiTomaso and Cynthia A. Gauthier, joint tenants, hereinafter referred to as "Mortgagee The Mortgagor, for and in consideration of the sum of FIFTEEN THOUSAND SEVEN HUNDRED DOLLARS, ($15,700.00) lawful money of t h e United States and other valuable consideration, provided to the Mortgagor by the Mortgagee, the receipt of which is hereby confessed and acknowledged, does hereby mortgage to the Mortgagee forever, the following described real property situated in the County of Lincoln, State of Wyoming; 4 1 BOOK PR PAGP- Star Valley Ranch Plat Twenty -Two (22) Lot Thirty -Six (36) as platted and recorded in the official records of Lincoln County, Wyoming Together with all buildings and improvements thereon, or which may hereafter be placed thereon; all fixtures now or hereafter attached to said premises; all water and water rights, ditches and ditch rights, reservoirs and rights, and irrigation and drainage rights; and all easements, appurtenances and incidents now or hereafter belonging or appertaining thereto; subject, however, to all covenants, conditions, easements, and rights -of -way, and to mineral, mining and other exceptions, reservations and conditions of record. TO HAVE AND TO HOLD the said real and personal property forever, the Mortgagor hereby relinquishing and waiving all rights under and by virtue of the homestead exemption laws of the State of Wyoming. Mortgagor covenants that at the signing and delivery of this Mortgage, said Mortgagor is lawfully possessed of said personal property; is lawfully seized in fee simple of said real property, or has such other estate as is stated herein; has good and lawful right to mortgage, sell and convey all of said property; and warrants and will defend the title to all of said property against all lawful claims and demands, and that the same is free from all encumbrances. However, this Mortgage is subject to the express condition that if the Mortgagor pays, or causes to be paid, to the Mortgagee the sum of FIFTEEN THOUSAND SEVEN HUNDRED DOLLARS ($15,700.00), together with interest, until paid, according to the conditions of a Promissory Note of even date herewith, which Promissory Note was executed and delivered by the Mortgagor to the Mortgagee, which sum or sums of money the Mortgagor hereby covenants to pay, and until such payment, Si Su cO `00ga coN agij Jo guJT11M uT 1uasuoo aLiI LilIM idaoxa `iou Hulls puu `guipaaoocd aiqeiinba JO ja0I Xuu uT pagoupu co uodn painaj a q `joacaq scud iiuu .TO `iiicadocd pies 1iuz cad iou IIul {s .TO2'0 1.TOw •capunacaq 002uglcoj, alp jo Xiicnoas OLil ciuduzT Xuuw goigm Xacadocd pies q1!M uopoauuoo uT co U0 guTg1ou op 'um puu `paldaoxa cuai puu cu OM aiguuosuac `ivasacd sr uompuoo pool su uT aucus agp un uiuw Hugs puu `iizcadocd plus jo acuo age ui 1u0 I0au aq 1ou `aisum jiuzcad J O 1ILUUTOO IOU Hugs 102a110JAI •ii1c0d0Jd JO aouuuaauiuy\i •Xpadocd plus 1surugu passassu co painal sivauzssassu puu saxu Xud Bugs coS'a1coyAi •s1uauzssassv puu saxul •y .02aLlOIAI sigh 3 uoTaduInssu uu 2ui00Au 002u21cow 0141 10j 02uugox0 ui 002011OIAI 0'1 X q poisanbac 014 /cum sr 02u21cow sup jo suopipuoo co SUIJOI Mau Xuu 141coj 5upmas puu uopduznssu Lions of gunuasuoo Xissacdxa paccajsuuci J O Nos aq 01 Si ii1cadocd aqp wogm uoscad ogii 14ITM 1uowoo12r ua1ITCM u owl sc01110 `uopacosip aios s,00fu2110JAI 1u 022ugacoyAI `cajsuuc1 co aius 041 01 coicd `3i aiucaiaoou uopdo Lions pani1M 0 n u g hugs aagug1coyAi •0101041 1q0ic s,002r21coyAI 041 aaipnfacd lou Hulls 1u0w /cud puuuzap o1 00 11 1coyAi 0141 jo lcud 0141 uo acniiuj co /iuiap Xuv •aiqukud puu anp iiiampat uzi aq of augicow sup Xq pacnoas sums 0141 Hu =pap `uopdo s,00201cow `Xuuz aaug1coJA `iuuuai luiof u jo !prop 0141 uodn mu' jo uopucado Xq JO Iuaosap `0sinap Xg caJsuIII U co 0gu21coyAI sup 01 a1uuipcogns aouucqutnoua co u014 u 3o uopuaco 0 q 1 guipnpx0 `1uasuoo ua1IIIM coTCd s lnogiIm co�u��coy�i X q suuaui Xuu Xq paccaJsuuc1 co pion si uTacag IsacaIui )iuu so 1iic0docd Pill JO lcu Xuu co iiu 3I •ii1c0docd 041 Jo c0jsuucl •anp u0gm Jo Japco OSJOAUT 041 ui iudioutcd o1 aouniuq alp puu asacaIui o1 IsJTJ paIipaco 014 Hugs auauzXudacd Bons /Cur Imp p00cgu puu pooiscapun st puu `pup tiuu Jo Xiiuu0d co uznTUZacd 1nog1!M Quip iiuu 1u `pacinbac ui0c04 s1u0UCiiud 041 01 uotITppu uT `Is0JOIui pancoou snid sums co urns Iudiouud /Cur 2uiiiud Jo 0 0JTAicd 0141 0AT?'14 Hugs 10 1l 1cow 0141 •s1uauTiiudacd 'Z •iigacaq pacnoas ssaupaIgapui 0141 jo icud /Cur jo wowifud jo Qum Jo uoisuaaxa co iu0uzauodisod iiuu guTCnp 1oajja puu aocoj iin3 ui uiuuzac Bugs IuauznIIsui sup Jo u0ii 0141 puu `papinocd uT0c014 sr ssaupaigapui 0141 /cud bugs cogug1coyAi wow hu d I :smoiioJ su 00cu puu 1uuuanoo cailcnj 00 1l 1coyAi puu c02a1coyAI •prop puu iinu aq puu 08100 hugs aIou pies puu 0 0111 AI sup uapp `c02r2li0IAI X q patwojiad ag 01 ui0c04 s1uauz00cau puu s1uuu0noo 041 Jo iiu suuojcad 6 T 0! W41r,liR0 8666W W) 12 0 otherwise provided and permitted in this Mortgage, remove or attempt to remove said improvements or personal property, or any part hereof, from the premises on which the same are situated. 6. Insurance. As collateral and further security for the payment of the indebtedness hereby secured, Mortgagor shall keep the improvements now existing or hereinafter erected on said premises insured against loss caused by the elements, fire, earthquake, and other calamities, with extended coverage provisions, to the full insurable value thereof for the term of this Mortgage, and will pay when due all premiums on such insurance. All insurance shall be carried i n responsible insurance companies licensed in Wyoming and the policies and renewals thereof shall have attached thereto by rider or otherwise loss payable clauses in favor of the Mortgagee. A copy of said policy or any renewal documents pertaining thereto shall be supplied to the Mortgagee within 10 days after the insurance is purchased in accordance with this paragraph or of any renewal of or amendment to such policy. 7. Mortgagee Authorized to Make Payments. If Mortgagor defaults in the payment of the taxes, assessments or other lawful charges, including any construction loan payments or fails to keep t h e improvements on said premises insured as herein provided, the Mortgagee may, without notice or demand, pay the same, and if t h e Mortgagor fails to keep said property in good repair, the Mortgagee m a y make such repairs as may be necessary to protect the property, all a t the expense of the Mortgagor. The Mortgagor covenants and agrees that all such sums of money so expended, together with all costs of enforcement or foreclosure, and a reasonable attorney fee, shall b e added to the debt hereby secured, and agrees to repay the same and all expenses so incurred by the Mortgagee, with interest thereon from t h e date of payment at the same rate as provided in the note hereby secured, until repaid, and the same shall be a lien on all of said property and be secured by this Mortgage. 8. Default. If the mortgagor defaults in the payment of the indebtedness hereby secured, for a period of thirty (30) days after written notice, or fails to deep the improvements on said premises insured as herein provided, or in case of breach of any covenant o r agreement herein contained, the whole of the then indebtedness secured hereby, both principal and interest, together will 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 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. 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Inspection. Mortgagee may make or cause to be made reasonable entries upon and inspections of the property, provided that Mortgagee shall give Mortgagor notice prior to any such inspection specifying reasonable cause therefor related to Mortgagee's interest in the property. 12. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the property, or part hereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Mortgagee. In the event of a partial taking of the property, unless Mortgagor and Mortgagee otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of taking bears to the fair market value of the property immediately prior to the date of taking, with the balance of the proceeds paid to Mortgagor. If the property is abandoned by the Mortgagor, or if, after notice by Mortgagee to Mortgagor that the condemnor offers to make an award or settle a claim for damages, Mortgagor fails to respond to Mortgagee within thirty (30) days after the date such notice is mailed, Mortgagee is authorized to collect and apply the proceeds, at Mortgagee's option, either to restoration or repair of the property or to reduce the sums secured by this Mortgage. Unless Mortgagee and Mortgagor otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the installments referred to above or change the amount of such installments. 13. Statement. The Mortgagee, within ten (10) days upon request in person or within thirty (30) days upon request by mail, will furnish a written statement duly acknowledged of the amount due on this Mortgage and whether any offsets or defenses exist against the Mortgage debt. 14. Notices. Any notice and demand or request shall be in writing and may be served either in person or by certified mail, return receipt requested. Notice shall be deemed given when mailed and shall be addressed as follows or at such other address as either party ma y from time to time designate in writing: Mortgagor: Box 2488 70 S. Willow Jackson, Wyoming 83001 Mortgagee: 1109 Petra Court Davis, CA 95616 5 l COW `8I ewfdx3 uoieelwwoQ Ou,woAM U01 10 AIMS i W /Ono* °nand AHV.LON NVW!!YO N3113nn atignd SnioN Spoo0 g1ra)I M 9 :sandxg uoissrwmoD Syq °pas mow() puu puuq iuz SSINLIPA Spoo0 SJuN puu Spoor,) glia}I °M Sq opoz `iaquuadaS jo Sup auz azojaq pa2paimouvu sum 1uaiunaisui 'uro2a.roj aqj NOJAI. d0 AINI1OD ss JNIINOXM AO U.I.VIS O F ,,poop X.rew 11 /7/ F /1.1,11971, lir •uamiAr oqu Tsars Juaii UU Sup age snuasaid asap paps puu pau2Is ()lung.'_ suq ao2OtaoyAi plus alp `3O RIal-IM SSNAI,LIM NT •S'uTuroIiM Jo ams aq1 Jo smui uogduraxa puaisauzoq aq1 jo aniar■ RI puu aapun s1q t.z iii sanium puu sagsinbuiiai Sgaaaq 1au2uoyAi •pualsaUZOH JO aani1J 8 i Sur ji `uopupaoaaa jo sisoa iiu Xud hugs aoS'auoJ, •aoRapoJ, o aS a2u2 ),aoyAI STg1 asuaiaa hugs aa2u2laoyAi `au21aoyAi sIgo Xq paanaas sums iiu jo ivaulad uodn •asu°iaZi 'LT •uraaag1 pauiu1uoa suonipuoa puu suzaai aqi jo aauuldaaau a q iitIs aa2u21aoyAi alp icq `saanaas 1i saiou ao ajou alp puu agaTaoua sTq� jo aauuidaaau ala •iias o1 aamod aqi 2uipniaui `sa1n1uas 2uiuzoSm Sq paptnoad aaljuaaaq JO MOU aaauuuz aag10 Juu ur JO `sasruzaad plus jo aius puu luauzasipanpu Aq JO `XJinba ui jo mu' 2uipaaaoad JO uonnau `jms Sur Sq aansoiaaaoj jo 10'i.1 apniaui bugs `uiaaaq pasn su „asoiaaaoj„ puu „saansoiaaaoJ„ suzaa� aqs •auo uugp aaouz ji paquasap uiaaaq sa1ou iiu sapniaU! „a'ou„ uzaal aqJ °s.zapua2 iiu apniaui hugs aapua2 Sur jo asn puu `.zuiauls iu.znid aqi `ivanid aq1 apniaui hugs aa qurnu auin2uis alp pasn Janauagm •o1a.raq saUM d agi jo saissu puu saossaaans `saolnaaxa `saaTaai `saasinap `saiaq anpaadsaa aql `01 aanui Bugs sa puu slijauaq puu `puiq Hugs paumuoa uraaaq suuuuanoa aqj, •uopanmuoD puu ra33II uipuiH '9T °uoponalsuoa s11 ui pasn aq aau puu /Ciuo aauaTUanuoa JOj aau 02u21aOIAT sig1 Ui pasn sarpuaq aqs, •sguipuaH S I