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Home My WebLink About868377o aA MORTGAGE rig 2 3L1 KNOW ALL MEN BY THESE PRESENTS, that Gordon "W: Jones and Judy E. Jones, 5 Trustees of the Gordon and Judy Jones Family Trust dated December 22, 1997 herein 2S4't W ��s per SPr��a�. s' I mo, ST a i<*7' 4 t r h referred to as "mortgagor, of e a to secure the rsi 8 payment of the principal sum of One Hundred Forty -Five Thousand and No /100 Dollars ($145,000.00), with interest as evidenced by a Promissory Note dated of even date herewith to the order of Kirby D. Cochran and Elaine M. Cochran, husband and wife, of 692 East Cherapple, Orem, UT 84097 principal and interest to be payable as follows: BOOK 45'4 PR PAGE RECEIVE With interest on the unpaid principal balance from September 15, 2000, until paid, at the rate of 8.5% per annum. Principal and interest shall be payable in consecutive equal amortized annual installments of $36,796.03 on 15th day of September of each year beginning September 15, 2001, and continuing on the same day of each year thereafter until the entire debt has been paid in full. Prepayments of principal may be made at any time in any amount without penalty. hereby mortgages to mortgagee, the following described real estate, situated in the County of Lincoln, State of Wyoming: Parcel 1 SEYNE% of Section 21, T34N, R118W of the 6 P.M., Lincoln County, Wyoming, LESS and EXCEPT the land contained in Warranty Deed recorded June 30, 1997, in Book 398 PR on page 798 of the records of the Lincoln County Clerk. Parcel 2 The right of access as provided for in instrument recorded in Book 203 PR on page 491 of the records of the Lincoln County Clerk. The right of access as provided for in instrument recorded in Book 388 PR on page 799 of the records of the Lincoln County Clerk. SUBJECT TO all covenants, easements, exceptions, restrictions, reservations and rights -of -way of sight or record including without limitation the following: Right of Way Easement recorded July 26, 1983, in Book 203 PR on page 491 of Lincoln County public records. A}aadoad ay} woa} swoad pue `sanss! 'qua! Ile aeBe6}Jow,o1 sAeAuoo pue `aano s }as `su6!sse Agaaay `Agaaayl paanoas a}ou ay} pue e6e6}aow s!y} ao} Alpnoas Thy}an} se `ao6e6pow 'ejou ay} u! pa}elnd! }s s }uawAed ay} }o Aue u! }Ine }ap }o aseo ul :sMoilo} se 096e6pow y }!m s }ueuanoo ao6e6pow puy •ieAeoswogm suosaad Ile }o sw!elo In}nnel ay} }su!e6e ses!weid ay} }o elm ay} pua }ap pue 4ueaaeM o} s }ueuanoo Agaaay pue seoueagwnoua lle wail awl ale Aeg4 }ey4 `ses!waad ay} }o pas!as Alinimei s! 914 ma s }ueuanoo pue 6u!woAM }o a }e }s ay} 40 sMel pea}sawoy ay} 40 am* Aq pue aapun s4y6!a He san!em pue says!nbu!Iaa Agaaaq ao6e6polN •sas!waad ay} (4}!M uo!}oauuoo u! pasn ao 04 payoelle aa4eaaay ao MOU 4uawd!nba pue saan4x4 6u!}y6!1 pue `6u!,eay `6ulgwnld He pue }oeJeq swoad pue 'sanss! `swaa 'saapu!ewaa pue aapu!ewaa 'SUOISJanaa pue uo!saanaa ay} pue '6u!u!e]aadde Jep}eaaaq JO MOU as!MAue u! JO `6u!6uolaq o4unaaay} s4g6!a Jay }o He pue saoueuepndde pue s4uawe}!paaay y4!M aay1a6o4 'uoaaa1T pa4oaaa aq aa}}eaaay Aew ley} JO uoaaay} s}uawanoadwi pue s6u!pI!nq He 6u!pnpu! •spaooaa o!lgnd A }unoa uloouil }0 66L abed uo 88£ )1 u! `9666 aago }op papaooaa `966 6 'LZ aagwa }das pa }ep ueayooa °d eu!e13 pue olla!anl °y i(aelt 'ollalanl •r AaaeH ueemlaq pue Aq pea A }ueaaeM paIMue }uawnoop u! pau!e }uoo }uawasee }0 suo!s!noad pue suog!puoo `swag} ayl °spaooaa oilgnd Alunoa uloou!l }0 66L abed uo 2id 88£ Noo8 u! '9666 Jego }op papaooaa }uawna4su! Aq olia!anl °y ken pue oIIe!anl -r AaaeH o} pamesaa sesodand Ie4uep!ou! pue sawn o!lgnd pue ssei6e 'sseJ6u! ao4. s}uawase3 •spaooaa o!Ignd A }unoa uloou!l }0 £L9 abed uo 2id 8O )1 u! `9666 '9 yoaen papaooaa }uawna}su! Aq pue 1789 abed uo O9£ >loo8 u!'17661, `9 6 aagwa4das papaooaa }uawna4su! Aq uo}ysy •a Apueu pue uo }ysy •l Ilaaaea 04 pa}uea6 sesodand Ie4uap!ou! pue sawn pue ssaa6a `ssaa6u! ao} sjuewese3 •spaooaa ollgnd A }unoa ulooull }0 6££ abed uo 2}d s£.!, )1008 u! `6666 Jegwa }das pepaooaa }uawna4su! Aq pue 689 abed uo bd 09£ )1008 u! 17666 '96 aagwajdes papaooaa }uawnalsu! Aq uosaaddar aP1o!A pue uosaadder Jelsal o} pa4uea6 sesodand le4uappu! pue sawn pue ssea6e `ssaa6u! ao} s4uawase3 *slalom oilgnd A }unoa uloou!l 40 9817 abed uo bd £OZ )1oo8 u! `£96 6 `9Z Apr papaooaa }uawna }su! Aq }loos °IN alapnela pue }loos •M sewer o} pa }uea6 sasodand Ie}uappu! pue sa! }!I! }n pue ssea6a 'ssaa6u! ao} }uawase3 2. To pay promptly, when due, the principal and interest and other sums of money provided for in said Note and this Mortgage, or either; to pay all and singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said property. 3. To perform, comply with, and abide by each and every the agreements, stipulations, conditions, and covenants, set forth in said Note and this Mortgage or either. 4. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said Note or the Mortgage accrued or thereafter accruing. 5. Nothing shall be done on or in connection with the property that may impair mortgagee's security hereunder; mortgagor will commit, permit or suffer no waste, impairment or deterioration of the property nor any part thereof, and the property shall be continuously maintained in good and sightly order, repair, and condition by mortgagor at his expense. 6. In case mortgagor defaults in the payment of ground rents, if any, taxes, assessments, water, or other governmental or municipal charges, or other lawful charges as herein provided, mortgagee may without notice or demand pay the same at the expense of mortgagor. Mortgagor shall repay such sums so paid and all expenses so incurred by mortgagee, with interest thereon from the date of payment, at 10% per annum, and the same shall be a lien on the premises and be secured by the note and by these presents; in default of making such repayments the whole amount hereby secured if not then due shall, if mortgagee so elects, become due and payable forthwith, anything herein contained to the contrary notwithstanding. 7. In the event the property is sold under foreclosure and the proceeds are insufficient to pay the total indebtedness secured hereby, mortgagor binds himself personally to pay the unpaid balance, and mortgagee will be entitled to a deficiency judgment. 8. In case default is made in the payment, when due, of the indebtedness hereby secured, or of any installment thereof or any part thereof, or in case of breach of any covenant or agreement herein contained, the whole of the then indebtedness secured hereby, inclusive of principal, interest, arrearages, ground rents, if any, taxes, assessments, water charges, expenditures for repairs or maintenance, together with all other sums payable pursuant to the 3 136 aalsnal `seuor i �(p 7 7r j '000z 'aagwe des Aep gel, L ag} }o se e6e6}aoW pamoaxe say ao6e6pow `dO32i3HM SS3NIIM NI 'auo ueg; aaow 4! paglaosap uiaaaq s9ToU aq} Ile sapnpu! „a ;oN„ we aq; pue :suowodaoo su6lsse pue saosseoons aq; pue `sienpinlpu! }o su6lsse pue `san!}queseadaa Oa! `saiay age pue 1uawn4su! slg1 oT sa!ped et-11 Ile apnloui „ea6e6pow„ pue „ao6e6pow„ swag} ag} `ulaaag pasn aaneuagM 76 •saapua6 Ile apnpu! !legs aapua6 Aue 4o asn ag; pue `aeln6uls ag; rand ag; `leanld agT apnpu! !legs aagwnu aeln6uis ag; 'pasn aanauagM sa!ped equip su6lsse pue `saossaoons `saole4s!ulwpe `saolnoaxa `si!eg an1padsaa agj 'off emu! !legs se6eluenpe pue swauaq aq} pue 'pu!q !legs pau!e4uoo ulaaag sweuenoo aql 1, 1, 'ea6e6pow o; aoueleq 6ululewaa aaRRua ag; Aed o; go!gm u! sAep (oE) Ajaiy} eneg !legs ao6e6pow `ao!lou ual}Unn gons Jo ldlaoaa Jaw •4oaaaq; ao6e6}aow o; aoi }ou uanpm en!6 pue algeAed pue anp Alalelpawwl aq }uawaaa6e slg; aapun anp aoueleq 6uiuiewaa aai}ue ag; aaepap `uoRdo s4! 4e.'Aew ea6e6pow `asegoand o} uo! }do ue 6uiu!eTuoo }ou ssal JO saeei (E) eaaq; 4o ;swap plogeseal Aue jo ;uea6 ag; JO }ueue }ulof e to Bleep 6uipnpxa `Tuasuoo ua}}Iann mpg s,aa6e6pow inoglinn ao6e6pow Aq peaegwnoua JO pauejsueaT lops sI u!aaaq; ;maw! ue ao saslwaad paglaosap ag; Aue ao Ile 41 •eoueagwnoua JO aoueAanuoo pasodoad ay} o; aoud sAep (0£) A}a!g} ;sea! }e sas!waad paglaosap ag; aagwnoua o; JO Li! ;swam Aue aaJsuea; JO Aanuoo o; lua }u! s,ao6e6}aow 4o aoRou uappm ea6e6pow anl6 ;snw ao6e6iao j 'ea6e6pow ay} jo luesuoo ua}}UM aoud age ;nownn saslwaad paglaosap ag; aagwnoue JO u! ;swap Aue aejsueaq ao Aanuoo lou Aew aobe6poW 0 b �anoo ag; 4o suotToaalp pue saapao aq} pue nne! o; 6ulpa000e 'aen!aoaa gons Aq palldde aq !legs Apadoad ag; 4o anuenei pue r C T 4,1.T.S9S0 STATE OF UTAH jlS ASh ►n ss. COUNTY OF The foregoing Mortgage was acknowledged before me by Gordon W. Jones and Judy E. Jones, Trustees, of the Gordon and Judy Jones Family Trust, this 13 day of September, 2000. Witness my hand and official seal. NOTARY PUBLIC DIANE MCDANIEL 820 W. Sunset Blvd. St. George, UT 84770 COMMISSION EXPIRES FEB. 15 2011 STATE OF UTAH My commission expires: b I5 2bb t 132 btayki_ 6 NOTARY PUBLIC