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067452
MORTGAGE
RECEIVED
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BRIAN SUTER and SHERRY KAY SUTER, husband and wife, tenants by the
entireties, Mortgagors, of County of Lincoln, State of Wyoming, hereby mortgage to
IRISH AMERICAN INVESTMENT CORP., LTD., 11 Angelsea Street, Dublin,
Ireland, for the sum of Eighty Thousand Dollars ($80,000.00), the following described
real estate situate in the County of Lincoln, State of Wyoming, hereby releasing and
waiving all rights under and by virtue of the homestead exemption laws of the State of
Wyoming, to -wit:
Part of the E1 /2SW1 /4 of Section 14, T34N R119W of the 6 P.M.,
Lincoln County, Wyoming being more particularly described as follows:
Beginning at a point in the East line of U.S. Highway 89 said point being
333.383 feet, along a 1859.860 feet radius curve to the Right (chord bears N
31 °17'51" W, 332.934 feet) from the Highway Monument found marking Station
SC 1454 +56.3; thence continuing along said 1859.860 feet radius curve to the
Right (chord bears N 21°51'15" W, 279.428 feet) 279.691 feet; thence N
80 °40'10" E, 155.440 feet; thence S 89 °32'24" E, 120.590 feet; thence S
5 °11'38" E, 267.030 feet; thence S 84 °48'22" W, 194.927 feet, to the Point of
Beginning.
Subject to restrictions, reservations, and easements and rights -of -way of
record or in use.
Together with all improvements and appurtenances thereon.
This Mortgage is given to secure the following indebtedness:
Promissory Note from Brian Suter and Sherry K. Suter to Ronald Gregory,
dated July 5, 2000, in the amount of Eighty Thousand Dollars ($80,000.00), with
interest at the rate of Eight and One -Half Percent (81/2 per annum.
The Mortgagors agree to keep the building now on said premises or hereafter
erected thereon fully insured against loss by fire, flood, and other hazards and risks
reasonably associated with the premises due to its type and location. The insurance
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such possession to Mortgagee promptly upon request, Mortgagee may compel delivery
thereof by an ejectment action or other appropriate civil proceeding.
In addition to the remedies otherwise provided in this Mortgage and by law, and
as a matter of right, without regard to the solvency or insolvency of the Mortgagors, the
value of the premises, or the sufficiency thereof to discharge the indebtedness and the
costs of the foreclosure and sale, Mortgagee shall be entitled to the appointment of a
receiver by any competent court. The receiver is hereby authorized to rent the premises
and apply the proceeds to this obligation. Such receiver may be appointed upon ex parte
application, without notice, such notice being waived, and the appointment of a receiver
upon such application being hereby consented to by Mortgagors.
WITNESS our hands this 19th day of July, 2000.
.-Z(ee
BRIAN SUTER
STATE OF WYOMING
SS.
COUNTY OF LINCOLN
M. KEVIN VOYLES NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commission Expires July 16, 2003
My Commission expires: a7 I I 61
O8`42
On this 19th day of July, 2000, personally appeared before me BRIAN SUTER
and SHERRY KAY SUTER, the signers of the foregoing Instrument, who duly
acknowledged to me that they executed the same, as their free act and deed.
WITNESS my hand and official seal.
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