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HomeMy WebLinkAbout86843602013835 3onx__ 1 x PAGE 221 MORTGAGE R ECEIV ED 0 6/. 867914 This Mortgage is made the day of August, 2000,y accf 'en2.' Kenneth Christensen, hereinafter referred to as the "Mortgag Stevext Tatarek and Marilyi(Tatarek, hereinafter referred to as "Mortgagee The Mortgagor, for and in consideration of the sum of TWENTY SEVEN THOUSAND SEVEN HUNDRED DOLLARS ($27,700.00) lawful money of the United States and other valuable consideration, loaned 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 situate in the County of Teton, State of Wyoming: Lot 17 Cedar Creek Ranches Subdivision, according to that plat thereof as recorded in the Office of County Clerk, 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 reservoir rights, and irrigation and drainage rights; and all easements, appurtenances and incidents now or hereafter belonging or appertaining there to; 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 Twwenty Seven Thousand Seven Hundred Dollars ($27,700.00) according to the terms and conditions contained in that Note (also hereinafter sometimes referred to as "Promissory Note which Note was executed and delivered by the Mortgagor to the Mortga BOOKT PR PAGE_ 2 868486 1 ,whish s or COS_ l MING 11' Z all jo luauiXed all xo3 ilixnaas xallxn3 pup lexaleljoa s\ •aauexnsul '9 •palenlis axu auzes all latlM uo sastutaxd all uzox3 '3oaxaq lied Niue xo 'sluauranoxdurt pies an0u10x of lduzalle 10 anouzax 'aSeSlxoy\I sitjl ut palltuTxad pue papinoxd asIMxaulo st se JO '002eSlxoyAj all 30 SuilJJM ui luasuoa all lliM Idaaxa 'lou Hugs pue '2utpaaaoxd ajgelinba xo jeSaj Xuu ut palaelle xo uodn patnal aq 04 '3oaxaq lied Niue JO 'Xlxadoxd pies ltuzxad lou Hugs xogeSlxoTAI •xapunaxal aageSlxojA all jo Xlixnaas all xtudurt keur lat4M Xlxadoxd plus 44TM uotlaauuoa ut JO uo Suillou op IIuM pue 'paldaaxa xeal puu xeaM ajquuosuax 'luasaxd le su uotlipuoa pool se ut acmes all uteluieuz Hugs pue 'Xlxadoxd plus jo axea all ui luaaij.Sau aq xou 'alsuM ltuzxad JO ltuzuzoa 40U jlels x0Se21xoyAI Alxadoxd JO aaueualuieyAI °Xlxadoxd plus lsutege passasse JO patnaj sluauzssassu puu saxel jju kud Hugs Jo2u2lxoyAI sluauzssassV pue saxuJ •aSuSlxoyAI sill 3o uopdurnsse uu o; 2utaax2u aa2e2Ixoj all xo3 aSuelaxa ut 002e61x01AI all .iq palsanbax aq Xeuz se aSuSuoyAI sujl jo suotlipuoa JO surxal Mau Niue ilxo3 2uillas puu uotlduznssu fans o; 2utluasuoa Alssaidxa pa uajsuexl JO plos ag o; st Xpadoxd all uuo4M uosxad all gum luauzaa1Su ualltxM P olut sxalua 'uotlaxastp ajos s le aaSuSlxoN 'xaJsuuxl 10 ales all 04 xotxd '3t aluxajaaau o; uopdo laps pATM anel Hugs aage2lxolAt •01 axall 11121x s aa2u2410JAJ all aatpnfaxd ;ou Hugs luauzkud puuuzap o; aa�u2lxoyAj all jo lxud all uo axnjiu3 JO Xujap Xur •ajgukud puu anp Xjalutpauturt ag of 02uSuow sill gig pampas sums all axejaap 'uotldo s,aaSu2lxoN le 'Xuuz aa2u2pow quetzal ;clot e jo ;leap all uodn Muj jo uopuxado gig JO luaasap 'asinap Xq xaJsuuxl e JO a2uSpow sill 04 aluuipxogns aauexquunaua 10 call u 3o uotluaxa all $utpnlaxa 'luasuoa ualltxM xotxd s,aa2uSlxoJAI ;nog ;IM xogeSlxoyAI gig suuauz Niue gig paxxa.suuxl JO plos st utaxal lsaxalui Niue JO Xlxadoxd all jo lxud Niue JO IIu 3I 'Xlxadoxd all 3o xaJsuu1Z •aloN Xxossiuzoxd all ut llxo3 ;as se 'paxinbax utaxaq sluauzked all 04 uotlippu ut 'lsaxalui panxaae snjd sums xo urns jedtauud Auu Sutried jo a all anug Hugs xoSalxow a4I sluautXudaxd •Z °Xgaxal pampas ssaupalgaput all jo lxud Niue jo luautXud jo aun; jo uotsualxa JO luauxauodlsod Ace Slipup ;papa puu aaxo3 11n3 ut uiuurax i1ugs luauunxlsut sill 3o uatl all pue 'papinoxd utaxal su ssaupalgaput all Xud Hugs xoge2lxoyAI •luaurkud •Z :smart(); su aaxge pue lueuanoa x01.11x1 aaSe$IxoyAI pue xoSalxow pion puu Ilnu aq puu aseaa Bugs alou plus puu age.2lxoJA4 sill uagl °xoSalxoy\j Act pauuxojxad aq of utaxal sluauraaxgu puu sluuuanoa all 3o Ile suuojxad 'luauxk d fans 'pun puu 'Xud of sluuuanoa iigaxaq xoSalxoyAJ all Xauouz jo sums T6z °SU '°914 O€813 3 2 9 2 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 in 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 30 days after the date of execution of this mortgage and thereafter within 10 days of any renewal of or amendment to such policy. The insurance proceeds, or any part thereof, may, at the option of the Mortgagor, be applied either to the reduction of the indebtedness hereby secured or used in reconstruction. In the event of foreclosure of this mortgage or other transfer of title to the said premises in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee. Notwithstanding the foregoing, insurance shall not be required until such time as there are improvements on the property 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 the improvements on said premises insured as herein provided, the Mortgagee may, without notice or demand, pay the same, and if the Mortgagor fails to keep said property in good repair, the Mortgagee may make such repairs as may be necessary to protect the property, all at 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 be added to the debt hereby secured, and agrees to repay the same and all expenses so incurred by the Mortgagee, with interest thereon from the 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, or in case of breach of any covenant or agreement herein contained for a period of thirty (30) days after written notice, or if the Mortgagor removes or attempts to remove any of said improvements or personal property contrary to the provisions of this Mortgage, or fails to keep the improvements on said premises insured as herein provided, or any breach in the Xq paazojua aq Arm s }Tjozd pur sansst 's}uaz 'uoTssassod inns jo XzanTjap alp 'jvsnjaz up }sanbaz uo aa2r2 }zow alp o} Xlampauzumi pazanijap aq pugs s}Tjozd put. sanssi 's }uaz uoissassod ijans pur 'uoJ}duzapaz jo pouad alp pur s2uipaaaozd aznsopazoj jo Aauapuad aij} 2upnp pur 442p iians jo 2uTnzaau alp uzozj `joazalp s}Tjozd pur sanssi 's }uaz ijr o} pue 'pTusazoje ipadozd jjr jo }uaiurio[ua pur asn 'uoTssassod anisnjaxa o} pappua auzoaaq aauo jpijs 00264z0 N oq 'zapunazail }jnvjap /Cur jo }jnsaz P sanzaa aznsopazoj jo }ij$Tp au} ji s}uaJ jo }uauzu Tssy •01 •z02P24zOTAT }suTrge }1.101'14n( AauaTDTjap P o} paj }Tmua aq aa2r2pojjj au} pui 'aaurjug pedun au} iced o} punoq ag pegs ii}pnaas si a2r2pow sTii} uaTUM zoj sa}ou JO a}ou alp 2ut}naaxa Jo$r2}zow au} 'pampas Agazaq ssaupa}gapuJ jr }o} alp /cud o} }uapjjnsuJ spaaaozd aij} pur aznsopazoj zapun pjos sT utazaq paguasap A}zadozd 044 jj °spaaaozd aznsojaazod jo Xauapijjns °z02r2 }zow 044 04 mud ag pegs 'Alm jT 'snldzns aij} pur :painaas Agazag ssaupa}gapuT alp uo }saza }uT pur lydpupd jo }unoaar uo aa2r2}zoy\j anp aauejrg aij} 'INN; :joazaq uaq alp o} zotzadns DIP ipnjM 'A}zadozd plus uo suaij pue suuma 's}uauissassu 'saxe} p!rdun jjr 'puoaas 'a2r2poyAI snj} jo suoisinozd alp o} }uensznd aa2r241o1AI aq; gig paaurnpu JO papuadxa siiauoui jle pur 'aaj Xauzo} aigruosuaz 2uipnpuT 'airs pur aznsopazoj alp jo sasuadxa pur 5450D alp }snT; :jo }uaumked alp o} paTjddr ag jjrgs airs iians uzozj spaaaozd }au ail •s}jnujap 10 }jfljap zaij}znj jo 0SP) UT asojaazoj 04 44211 JO }jnrjap flans jo aaurnupuoa alp 2utznp za}jsaz041 asopazoj o} 0a2r2poiAi plus jo }ggSp Alm aaipnfazd }ou pugs }jnvjap uodn iil}duzozd asojaazoj 04 aa212PoyAI 044 jo aznjTrj 0Tj1 •aaj Xauzo}} aigruosuaz P 2uipnpui 'aznsojaazoj JO }uauzaazojua jo s}soa /cud o} saaJ IT Jo2e2}zoyAI °Ailanissaaans JO ApuapuadapuT 'XJ}uazznauoa paspzaxa ag Arm pur Ji} mba JO MrI gig papzojp JO aSP231OJAJ s!ij} zapun Iipauzaz JO 41j21Z z04 40 /cur o} anprinuzna pur puT}stp are age2Pow 5T44 uT papinozd saTpauzaz iiv •a }n}r }s Xq papTnozd sr airs pur }uauzast }zanpr iig asojaaIOj 04 zaMOd 0Tj} aage2}zoyAI alp s4urz2 Agaza4 zo212}zoyAI 044 •pjos os X}zadozd alp jo aaurrianuoa jo paap zadozd P airs aznsopazoj Aur }r szasrijaznd JO zasr gaznd alp 04 pazanTlap pup pa}naaxa ag o} asnua pur 'ii}tnba uT JO MPI }r 2uTpaaaozd JO UOT}JP }ms a}eJZdozdd3 "fur iiq a2r$4zoyAI snj} 'asojaazoj 10 'jo suoTsTnozd alp °amojua Am! aa2r2}zoyAi aiij •}jnujap }uanbasgns Niue jo }uana 044 uT auras aq4 asTazaxa o} 44211 alp jo I0ATM a }n }I}suoa }ou pugs uoT }do plus aspzaxa 04 aznITuj pur 'a}oN Azosspzozd alp uT pap4nozd ajgvArd pur anp iijampauzuii auioaaq 'aa2EE}zoJAJ alp jo not }do aij} ajguArd sums 104 40 pr 44TM 104}020} '}saza}uT pu I dpuTZd Tog *wag paznaas ssaupa}gapui uail} alp jo ajo4M alp '040N Xzoss!uiozd alp jo suoT}Tpuoa pur suzza} 'Cz CG 'j00104 suotSinozd alp 04 }urnsznd Ohs( ?1.4 0868436 5 2J4 2 2 J the Mortgagee by any appropriate suit, action or proceeding. Mortgagee shall be entitled to a Receiver for said property and all rents, issues 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 said property, and without regard to the value of said property, or the sufficiency thereof to discharge the Mortgage debt and foreclosure costs, fees and expense. Such Receiver may be appointed by any court of competent jurisdiction upon ex parte application, notice being hereby expressly waived, and the appointment of any such Receiver on any such application without notice is hereby consented to by the Mortgagor. All rents, issues and profits, income and revenue of said property shall be applied by such Receiver according to law and the orders and directions of the court. 11. 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 total taking of the property, the proceeds shall be applied to the sums secured by this Mortgage with the excess, if any, paid to Mortgagor. 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 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 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. •2u1UZOXM 3o awls ay jo sMpi uogduraxa ppaisauroq alp JO aniuin Xq pup uapun s4LiStz sant'M pup salisinbutiaa i gaaaq zae2izoyAi peaisauzoH jo uanteM gl •iiup 31 'uopppzoaaz jo sisoa iip /Cud Neils uo2e21zow •uogp2izoyu 04 amp inoti4TM aBapoyAI sniff aspaTa' iie4s aa8p2izoy\i 'aSp24zoyq sniff Aq pap sums up jo ivauzAed uodn •uo2gBpoN Xq paisu2Tsap se iiun asnoqumoi /UZntuiuUopuoa uoj aspaiau iptizpd p ainaaxa iipus aaMpojt 'urns durni uT zo Xiantisinurna pied zatiia4M 'ipdtauiud 2uipueisino aq4 spzemoi pied 00.000'g3 iizana rod sassaiaI ipiiued pus aspaial °L1 •uiauay pauipiuoa suoiiipuoa pup suruai aqi jo aaupidaaas ue aq nulls aa2r2jJoIN ay Xq 'saznaas ii saiou uo aiou ayi pup a2p2izour sniff jo aaupidaDae aril •iias of uamod a4i 2utpn(DuT 'sainieis 2uTUroAM Aq paptnozd uaijpa1 4 JO Mou zauupur zayo Xup u t JO 'sastWazd pips jo airs pup ivaurastizanps Xq zo 'Xiinba ut jo Mpi jr 2utpaaDozd .io uotiae 'ims Pius Xq aunsoiaauoj jo 10iz a 'ii apniaut hells 'uiazaq pasn sr „asoiaazo3„ pup „saznsoiaazoj„ suruai aril •auo azouz 3t pagJ.zasap uiazaq saiou iip sapniau4 „aiou„ uzzai a4J °szapuaa iie apniaut Hugs zapua2 Niue jo asn ay. pup 'zeinSuis alp ipznid ay 'ieznid apniaut iie4s aaqurnu upin8uTs a tii pasn uanaua4M •oiauati sallied jo sugTssp pup szossaaans 'szoiezisiUTUZpe 'suoinaaxa 'saaiaai 'saaslnap 'sutali anriaadsau atii 'off aznut isms sa2e4upnpe pup spjauaq aqi pup 'putg 'firms pautpiuoa uiaua4 siusuanoa a4J uOfanuisuOJ pup pa33g 2utputg °91 •uoiianzisuoa sit ui pasn aq Oi iou are pup Apo aauaivanuoa 1oj axe aBaizoyAI s144 ut pasn auipsaq aqZ •s2utppaH •5I 100£8 ACM 'uos)iap j £501' xofl °O °d LZt£8 AM. `auSPILL Z81' xog •O•d pup $upi1M ui aq gals isanbaz JO pupuzap pup aatiou iptj •saatioN :aagaizoyAT :zogeSizoyAI :$u43TUM uT aipuBTsap aurti Oi aurp Uzou3 Xpuz Xizpd zatiita se ssauppp radio Mans ie JO SMOiio; ss passauppe aq Timis pup paiieur uai[M uanT2 pauraap aq Imp aatiou 'paisanbau idtaaaz Uzniaz 'Tutu pa43lizaa Xq JO uosuad ui zatiiia panuas aq kpur •igap a2e2PoUZ atii isufe e isixa sasuajap JO sias33o Niue zaya4M pup aMiuow sly uo anp iunouzp atii Jo pa8paimou)ias Ainp ivaUZaipis uai e gsiuznj IBM 'itpuz Xq isanbau uodn sXsp (OE) iii1Ty upLi4TM JO uosuad uT isanbaz uodn sXep (0Z uai Uni4TM 'aa$e2izoyAi a 4 4 4j •ivauzaieis •£T IN WITNESS WHEREOF, the said Mortgagor has hereunto signed and sealed these presents the day and year first above written. STATE OF WYOMING ss. COUNTY OF TETON The foregoing instrument was acknowledged before me this 20 day August, 2000 by SteverATatarek and Marilyngatarek. WITNESS my hand and official seal. 7 SteverTatarek 296 llci- :7;X-cc-kJ MarilynPfatarek rvt 2 9 7 Notary Public My Commission Expires: 2.- 2 2