HomeMy WebLinkAbout868016BOOK 45 PR PAGE 3 9 7
MORTGAGE
868016
RECEIVED
0 0
KNOW ALL MEN BY THESE PRESENTS, that Ronald Dee HartleyAtitlEelduditt3BLNG
Hartley, husband and wife, herein referred to as "mortgagor of PO Box 1695, Afton, WY
83110, to secure the payment of the principal sum of One Hundred Eight -four Thousand and
No /100 Dollars ($184,000.00), with interest as evidenced by a Promissory Note dated of even
date herewith to the order of Erwin Dale Motzkus and Betsy Emma Motzkus, Trustees of
the Erwin Dale Motzkus Revocable Trust dated August 1, 1989, of PO Box 4165, Bedford, WY
83112, principal and interest to be payable as follows:
With interest on the unpaid principal balance from September 1, 2000, until
paid, at the rate of 10% per annum. Principal and interest shall be payable
in consecutive equal amortized monthly installments of $1,775.64 on the 1st
day of each month beginning October 1, 2000, and continuing on the same
day of each month thereafter until September 1, 200.7, when the entire
remaining debt shall be 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
A portion of the NW' /4SW'/ of Section 11, T34N, R119W, 6 P.M., North of
Thayne, Lincoln County, Wyoming being more particularly described as follows:
BEGINNING at the Northeast corner of said NW' /4SWY of said Section 11 and
running thence S 1°11' W, along the East line of said NWIASW'Y4, 104.12 feet;
thence S 50 °15'28" W 267.00 feet, to a point in the Easterly line of Highway U.S.
89, said point Tying in an approach to said Highway, being N 22 °48' W 75.08 feet
from a Highway Marker labeled 50' RT. STA 1522 25.6; thence N 22 °48' W,
along last said Easterly line, 303.82 feet, to the North line of said NW'/4SW
thence S 89 °04'10" E, along last said North line, 325.23 feet to the Point of
BEGINNING, Containing 1.279 acres of land.
Parcel 2
A portion of the NW' /4SW' /4 of Section 11, T34N, R119W, 6 P.M., North of
Thayne, Lincoln County, Wyoming, being more particularly described as follows:
BEGINNING AT A POINT ON THE East line of said NW'/SW' /4, said point being
S 1 °11' W 104.12 feet from the Northeast corner of said NWYSW'/; thence
1
r Apedoad
Res uo aanleu AJ9A9 }o saoueagwnoue pua `suolle6llgo 'salllllgeli 'seine! `sluawssasse
`sexel egl aeln6uls pue Ile Aed of 'Jaime JO 'a6e6lao j s!ql pue aloN pies ul ao4 papinoad
Aauow }o scans aaglo pue lsaaalu! pue ledlouud agl `anp uaynn `ARdwoad i(ed of *Z
"page pue aoao} ul uegl sluewaaa6e !qua! Ile pue /(ue uoilellwll
lnogl!M 6ulpnioul Apadoad aql woa} sll }oad pue `sanssl 'sluaa Ile ee6e6pow of sAanuoo
pue 'aano sles 'su6isse i(gaaaq `Agaaagl paanoes alou aql pue e6e61aow slgl ao} i pnoes aaglan}
se `ao6e6laow `alou all ul palelndils sluewi(ed agl }o Aue u! line }ap jo aseo ui
:snnollo} se 9e6e61aow q1!M slueuenoo ao6e6laow puy
•aanaoswognn suosied lIe }o swielo Intel eql lsule6e sesiwaad eql }o am e pua }ap
pue lueaaenn of slueuenoo Agaaeq pue se ueagwnoua lie wail Gail aae i(agl win `seslwaad
aql }o pastas /cIln}me! sl aq legl slueuanoo pue 6ulwo/(M }o awls aql }o snnel pealsawoq
agl }o amain i(q pue aapun slg6la lie sanlenn pue segslnbullaa igaaaq ao6e61aoW
'sasiwaad aql glpM uotloeuuoo ui pasn ao of pegoelle aal}eweq JO MOU luewdlnbe pue
saanlxl} 6 u4g 6 ll pue `6ulleeg '6ulgwnid lie pue }oaaagl slI }oad pue `sanssl `sluaa `saapuiewaa
pue aapulewaa `suolsaanaa pue uolsaanaa aql pue `6ululepedde aa l}eaaaq JO MOU awn/cue
Ul JO `64uolaq olunaaagl s}46u aeglo Ile pue seoueualandde pue sluawellpaaaq q1!M aagle6ol
'uoaaagl paloaaa aq aa}}eaaaq Aew leg; JO uowagl sluawanoadwl pue s6ulpllnq lie 6ulpnpui
"paooaa JO lg6ls }o Aenn- }o -slg6u JO
`suoilenaasaa 'suollou }sal 'suolldaoxe `sluawesea 'slueuanoo Ile 01 109 9f1S
"ssai JO OJOW puel }o same 8£9.1- 6ululeluoO
`ENINNI938 }o lulod agl of laa} 0019Z „8Z,9I-009 N aouagl 'Aenng Ales
of goeoadde ue ul lulod e of 'laa} 80*9L `Aenng6iH pies }o au!! Alaalse3 pies 6uoie
`M ,817OZZ N 6uluuna aouagl '9'9Z +ZZ9 I- y1S 12i ,09 pelage! aa)laeIN AeMg
e ,q paleu6lsap anano pies }o 1S ail of lea} 99170£ }o aouelslp e M „9ti,91.06Z
N 6ulaeag iealds pies }o pogo 6uoi eql `anano lealds e 6uoie IeMg pies jo
au!! Auelse3 pies 6uoie 'ApeIsanng1a0N 6ulnuiluoo aouagl 'M „£V,9I.o8[. N 6upeaq
olaaagl lua6uei a pue anano pies 40 SO all 6ulleu6lsap aaNaen Aenng6!H e
of lea} £9[1.61. }o aouelslp oae ue „1.Z,9£0910 el6ue lealuao e g6noagl `lsannglnos
eql of aneouoo pue 68 •s.n Aenng6iH }o au!! Alaalse3 eql osie 6uleq `Gino
pies }set 6uoie `AIaalsennglaoN 6uluuna aouagl :lea} 99 40 snlpea e 6ulneq
anano aeinoalo e uo lulod e o
Q E
ilea} ZL 8OL `eull iSe3 pies amp 'M,I 406 S 6uluuna
9TO MMO
ObiziS016 3
3. To keep the improvements located on the property, fully insured with an
insurance company approved by mortgagee, shall deliver a copy of the policy to mortgagee,
shall name mortgagee as Toss payee on said policy and shall pay the premium therefor and
provide annual proof in writing to mortgagee that the premium has been duly paid.
4. 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.
5. 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.
6. 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.
7. 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:
8. 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.
9. 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,
3
uo aaniaoaa Lions Aue 40 ;uew ;ulodde aq; pue `penienn Aissaadxa i(gaaaLi 6ulaq aoi ;ou) eo!;ou
;noq ;inn pue uoi ;eoiidde aped xe uo uoi ;o!psunf ;ue edwoo }o pnoo Aue Aq pa ;uiodde eq Aew
aanlaoaa Lions pue `sasuadxa pue seal `s;soo einsoloaao; pue ;gap e6e6pow eq; e6aegosip
o; ;.oweq; Aouep!}}ns aq; JO Apadoad eq; ;o enien eq; o; pr6aa ;noq;lnn pue `i(padoad eq;
Jo JeUMO ueq; eq; JO ao6e6pow ;o Aouenlosu! JO Aouenios eq; o; pae6aa ;noq }inn ;Op 4o as ;ew
e se o;aaaq; pal ;l ;ue aq !legs pue `Aue s! aaaq; d! `uoi ;dwapeJ 4o pouad eq; pue s6ulpaaooad
aansopaao; Aq paaanoo awl; eq; 6uipnpu! ;ine4ep Lions Aue aeje `4oaaag; s;y.oad pue
`sanssi 's;uea lie pue i(padoad eq; J04 aanlaoaa a o; pal ;i;ue aq !legs ea6e6pow pue `aaule ;ep
In;nneiun JO `fu;ue eigeaoaoj JO `;uew40afe ul suol;oe JO uoi ;0e 6u!pnpu! `6u!paeooad JO ;ins
limo a;eudoadde Aue Aq ea6e6pow Aq peoaolue aq Aew swami pue sanss! `s;uaa uolssassod
Lions 4o kenllap eq; 'lesn4aa uo pue ;senbaa uo ea6e6pow o; paaanilap aq aouo ;e 'legs
swami pue 'sanssi `ea6e6pow o; pau6lsse Ainp s;uaweaa6e ie ;uaa `s ;uaa `uolssassod Lions
pue :Aue si wain 4i 'uol;dwapaa 40 pouad eq; pue s6ulpaaooad aansopaao4 Jo Aouepued eq;
6uunp pue 446p Lions 40 6uinaooe eq; WOJJ. 4oaaaq; s ;goad pue `sanssi `s;uaa lie o; pue 'Apadoad
Ile 4o ;uawAofue pue 'asn `uolssassod anisnloxa o} pal ;l ;ue awooaq eouo ;e !legs ae6e6pow
'aapunaaaq san000 aansopeao4 4o ;Op eq; Agaaagnn ;ine4ap Aue ;o aseo ul •01,
;ine�ap aegpnj 4o aseo uI s;g6u aansopaaoj
s ;l u! pa0!pnfaad aq ;ou 'legs pue 'senui;uo0 ;ine4ap Lions goignn 6uunp aa;4eaaaq; awl;
Aue ;e aansopaao4 0;1g6u s ;l u! pa0!pnfaad eq i(gaaag ;au !legs ;lne;ap Aue 40 6uluaddeq eq;
uo asopaaoj o; il;dwoad slle4 ea6e6pow aseo ui ao6e6pow o; puewap uo ea6e6pow Aq pled
eq 'legs `Aue I! snldans eq; pue uoaJeLi; ;seJe4ui Li ;inn aag4a6o; `Agaaaq pampas sseupa;gapu!
'edi3uud eq; 4o ;un000e uo anp aoueieq ag; ;o ;uawAed eq; o; uaLi; pue `4oaaaq L gdea6eaed
4o suoisinoad eq; o; ;uensand ae6e6pow Aq peouenpe ao pepuedxe sAauow ii 4o ;uawi(ed u!
pue `ee i(awo; ;e algeuoseaa a 6u!pnioul `ales pue aansopaao4 Lions }o sasuadxa pue s;soo eq;
4o ;uawi(ed eq; 0; ;said ales Lions wall 6ulsue spaeooad ;au eq; itidde o; pue `plos os i(padoad
eq; 40 aOueAanuoo ;o spaap JO peep ;ue!owns pue pooh e ales Lions Aue ;e sJeS Lpand
JO aasegoand eq; o; paaaniiep pue pa ;noexe aq o; asneo pue `saansopaaoJ e6e6pow
6u!wano6 sa ;n ;e ;s 6u!woAM o; 6u!pa000e `gseo ao; uo! }one o!gnd ;e `sesiwaad eq; }o ales pue
;uewaslpenpe Aq e6e6pow slg; asoloaao4 o; JO 'pale Aew 4! se 'A;Inbe u! JO mei ;e ;ins Aq lag ;ia
a6e6pow sILi; ;o suo!s!noad eq; eoao}ue 0; paeooad o; ea6e6pow Jo; mime! aq 'legs 4! pue
'awq Jai ;o i(ue ;e awes eq; esloaaxa o; 446u eq; 4o JOAlenn e a ;n ;l ;suoo ;ou 'legs uoi ;do Bons
aspaaxa o; amp; Aue :6u!pue ;sq ;lnn ;ou fuea;uoo eq; o; pau!e;uoo a;ou eq; u! JO aao;aq ulaaag
6uiq;i(ue `paa!dxe aneq ;ou Aew ;Dalai; ;uawi(ed 0q; ao; pa;lwii anoge pouad eq; g6noq ;le
`ae6e6pow 4o uol ;do aq; ;e `elgeAed pue anp Ala ;elpewwi awooaq 'legs `4oaaaq suo!slnoad
eq; o; ;uensand a'geAed scans aaLi ;o Ile q;lnn aag;a6o; `eoueua;u!ew a0 sa!edaa 1o; saan;!puedxe
0 Ori
9TO€ 9 O
4C1
any such application without notice being hereby consented to by mortgagor on mortgagor's
own behalf), and all rents, issues, profits, income, and revenue of the property shall be applied
by such receiver, according to law and the orders and directions of the court.
11. Mortgagor may not convey or transfer any interest in or encumber the described
premises without the prior written consent of the mortgagee. Mortgagor must give mortgagee
written notice of mortgagor's intent to convey or transfer any interest in or to encumber the
described premises at least thirty (30) days prior to the proposed conveyance or
encumbrance. If all or any part of the described premises or an interest therein is sold,
transferred or encumbered by mortgagor without mortgagee's prior written consent, excluding
death of a joint tenant or the grant of any leasehold interest of three (3) years or less not
containing an option to purchase, mortgagee may, at its option, declare the entire remaining
balance due under this agreement to be immediately due and payable and give written notice
to mortgagor thereof. After receipt of such written notice, mortgagor shall have thirty (30) days
in which to pay the entire remaining balance to mortgagee.
paid in full.
12. The covenants herein contained shall bind, and the benefits and advantages
shall inure to, the respective heirs, executors, administrators, successors, and assigns of the
parties hereto. Whenever used, the singular number shall include the plural, the plural the
singular, and the use of any gender shall include all genders.
13. Whenever used herein, the terms "mortgagor" and "mortgagee" include all the
parties to this instrument and the heirs, legal representatives, and assigns of individuals, and
the successors and assigns of corporations; and the term "Note" includes all the notes herein
described if more than one.
IN WITNESS WHEREOF, mortgagor has executed this Mortgage as of the 28th day of
August, 2000.
5
S OP
9
-$Q I( a-rni :sei!dxe uo!sslwwoo RW
N103WI1
JO.AllNfro3
3lafld ANION 33N 3Idf1Vl
'lees leloldJO pue pueq Aw sseul!M
•OOOZ n 4o Aep 0/2 slid `ajlnn pue pueqsnq `Ael}aeH .9 elpnela
pue AelpeH eea pleuoa Aq ew a lojeq pe6pe Moure seen e6e6po j 6ulo6aao4 au'
N 100N1 JO INfl00
•ss
ONIWOAM dO 31d1S
910 9S0