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HomeMy WebLinkAbout868451N1V;o 1! :l 03A13338 :sMo11o3 se 208g83JOyv aq; yiM saaiSu pug s3uguanoo Jo8g83Joyq ag3 puy JanaoswoyM suns -Jad llg 3o swlgp ln3Mgl ay3 3sup38g sasiwaid pigs 3o app aq; puaJap pug ;Might 01 siu9110AO3 AgaJay pug 'saoug1q -wnoua llg woJ3 aaJ3 aJg ,(ay3 3gy3 'saslwaad plus 3o pazlas A!ln3Mg! s► ay 3gy3 mats pug s2uuu0no3 pug 8ulwoAM 3o aim aq; 3o sMg! pga1sawoy aq; 3o an3Jtn Aq pug Japun s2y8L1 llg sanlgM pug sagslnbullaJ Agaaay Jo8g83JOy%l 34j °sasiwald plus y3lM uolpauuoa u[ pasn 10 o3 payog33g Ja33gaiaq Jo Mou 3uawdlnba pug saJn3xg Sul3y81; pug 8ullgaq `8ulgwnld Ile pug '3oaiay3 %loud pug `sanssl 's3ua1 'siapulgwa1 pug Japulgwai 'suolsJanai pug uolsJanai ay3 pug '811l uiuu3ddg Ja33ga1ay Jo MOU aslMAug u! 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X'IHZNOI1 ul alquAgd 3sa1a3u! pug lgdpulid 'aa8g83Jo3^l pa3gu2lsap Ja33gula1ag 3o JapwO aq; 03 y3lMa1ay 00' 0058$) s"IIOQ tgdpulid aq; 3o 3uaWAud ay3 moos o3 3o A3uno3 ONIWOXM 'Limo N'IOONI'I T Z =3TIVA xyls 30 1 7 T LO'I 2I3UNV'I `3ADIU 2I3ZWMZ33MS 8Z1 3o `JO8g8310 4 sg pa3gu2lsap ulaaay NVHIOLNIOOIH AIHVW 3gy,L `SINgS32Id 3S3H1 AEI NRIN YIV MONA V sn���oealaow I E-80W1 ?Id Py(� 1111111 MIN OTT£8 XM `NOZlV CUT XOfi '0'd NOS2I33 'G u'IV O M-6190 -131:1 .111 Xele 333 hr qy a ast tioa 000Z `£T 2iafiNaLd3S pomp a3ou AJOsslwojd g Aq paauap1na sg )S3133U1 431M *00T /00 MTV u32IHNIIH HAI3 QNYSIIOHZ ZHOI3 3o wns ONINO!M 3 NMS ZNOI�32I3 'Quo sa sit tunthno:. 3aMl lnos' q papiooai Bu3lilaumoop spu, Off► €8LTh1 3"' 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on any interest paying date prior to maturity. 2. That the Mortgagor will pay all ground rents, taxes, assessments, water rents and other governmental or municipal charges, or other lawful charges and will promptly deliver the official receipts therefor to the said Mort- gagee. In default thereof the Mortgagee may pay the same. 3. That nothing shall be done on or in connection with said property which may impair the Mortgagee's security hereunder; the Mortgagor will commit, permit or suffer no waste, impairment or deterioration of said property nor any part thereof, and said property shall be continuously maintained in good and sightly order, repair and condition by the Mortgagor at his expense. 4. That he will keep the improvements now existing or hereinafter erected on the said premises, insured as may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties, and con- tingencies in such amounts and for such periods as may be required by the Mortgagee and will pay promptly, when due, any premiums on such insurance. All insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss he will give immediate notice by mail to the Mort- gagee, who may make proof of loss if not made promptly by the Mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mort- gagor and the Mortgagee, jointly, and the insurance proceeds, or any part thereof, may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In 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. 5. That in case the 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, the Mortgagee may without notice or demand pay the same and in case of any failure on the part of the Mortgagor to comply with the covenants of paragraph 3 hereof, the Mortgagee may effect such repairs as it may reasonably deem necessary to protect the property, at the expense of the Mortgagor. The Mortgagor covenants and agrees to repay such sums so paid and all expenses so incurred by the Mortgagee, with interest thereon from the date of payment, at the same rate as pro- vided in the note herein described, and the same shall be a lien on the said premises and be secured by the said note and by these presents and in default of making such repayments, the whole amount hereby secured, if not then due, shall, if the said Mortgagee so elects, become due and payable forthwith, anything herein contained to the contrary notwithstanding. 6. That in the event the property covered hereby is sold under foreclosure and the proceeds are insufficient to pay the total indebtedness secured hereby, the Mortgagor binds himself to pay the unpaid balance, and the Mort- gagee will be entitled to a deficiency judgment. 7. Upon occurrence, with respect to any Mortgagor, Assignee, maker, endorser or guarantor hereof, of any of the following: Calling of a meeting of creditors; application for, or appointment of, a receiver of any of them or their proper- ty; filing of a voluntary or involuntary petition under any of the provisions of the Bankruptcy Act or amendments thereto; issuance of a warrant or attachment; entry of a judgment; failure to pay, collect or remit any tax or tax deficiency, Federal, State or local, when assessed or due; death dissolution; making, or sending notice of an intended bulk sale; mortgage or pledge of any property; suspension or liquidation of their usual business; failure, after de- mand, to furnish financial information or to permit inspection of any books or records; default in payment or per- formance of this note or any other obligation to, or acquired in any manner by payee, or if the condition or affairs of any of them shall change as in the opinion of the Mortgagee or other legal holder thereof, shall increase its credit risk —this note and all other obligations, direct or contingent, of any maker or endorser hereof to payee shall become due and payable immediately without notice or demand. That in case default shall be 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 provisions hereof; shall be come immediately due and payable, at the option of the Mortgagee, although the period above limited for the payment thereof may not have expired, anything hereinbefore or in said Note contained to the contrary notwithstanding, and any failure to exercise said option shall not constitute a waiver of the right to exercise the same at any other time, and it shall be lawful for the Mortgagee to proceed to enforce the provisions of this mortgage either by suit at law or in equity, as it may elect, or to foreclose this mortgage by advertisement and sale of the above described premises, at public vendue, for cash, according to Wyoming statutes governing mort- gage foreclosures, and cause to be executed and delivered to the purchaser or purchasers at any such sale a good and sufficient deed or deeds of conveyance of the property so sold and to apply the net proceeds arising from such sale first to the payment of the costs and expenses of such foreclosure and sale and in payment of all moneys expend- ed or advanced by the Mortgagee pursuant to the provisions of paragraph 5 hereof, and then to the payment of the balance due on account of the principal indebtedness secured hereby, together with interest thereon and the surplus, if any, shall be paid by the Mortgagee on demand, to the Mortgagor. There shall be included in any or all such proceedings, a reasonable attorney's fee. In case the Mortgagee shall fail promptly to foreclose upon the happening of any default, it shall not thereby be prejudiced in its riglit of foreclosure at any time thereafter during which such default shall continue and shall not be prejudiced in its foreclosure rights in case of further default or defaults. -9H –Hid' I4VHZ0SNI30IH �Z?IHId -/f ZOOZ 'CZ asOny 1 issiwwo0 �w any sand ZOOfo 5 e VI EuiwoAm 011Bfld 1dtl10N� i luowai j sl lo.lonoo SVJ)! 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