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Form RD 1927 -1 WY
(Rev. 11 -97)
REAL ESTATE MORTGAGE FOR WYOMING
THIS MORTGAGE is made and entered into by EARL D. JENKINS and JILL JENKINS, husband and wife
residing in
LINCOLN
address is 10840 HWY 238, AFTON Wyoming 83110
herein called `Borrower," and the United States of America, acting through the United States Department of Agriculture, herein called
the "Government," and:
WHEREAS Borrower is indebted to the Government as evidenced by one or more promissory notes or assumption agreements or
any shared appreciation or recapture agreement, herein called "note," which has been executed by Borrower, is payable to the order of
the Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and
is described as follows:
Annual Rate Due Date of Final
Date of Instrument Principal Amount of Interest Installment
July 7, 2000 $132,000.00 7% July 7, 2040
(The interest rate for limited resource farm ownership or limited resource operating loans secured by this instrument may be
increased as provided in the Government regulations and the note.)
And the note evidences a loan to Borrower, and the Government, at any time, may assign the note pursuant to the Consolidated
Farm and Rural Development Act, or Title V of the Housing Act of 1949 or any other statute administered by the Government;
And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the Government,
or in the event the Government should assign this instrument, this instrument shall secure payment of the note;
And this instrument also secures any amounts due under any Shared Appreciation Agreement/Recapture Agreement entered into
pursuant to 7 U.S.C. 2001.
NOW, THEREFORE, in consideration of the loans and (a) at all times when the note is held by the Government, or in the event
the Government should assign this instrument to secure prompt payment of the note and any renewals and extensions thereof and any
agreements contained therein, and (b) to secure the prompt payment of all advances and expenditures made by the Government, with
interest, as hereinafter described, and the performance of every covenant and agreement of Borrower contained herein or in any
supplementary agreement, Boirower does hereby grant, bargain, sell, convey, mortgage, and assign unto the Government the following
property situated in the State of Wyoming, County or Counties of LINCOLN
See Exhibit "A"
8
Position 5
13 0 O K =4 P __y
County, Wyoming, whose post office
RFCF1VFD
,INCOLN
00 JUL -7 P H 14: 3 2
JEANNE WAGNER
KEMMERER. WYOMING
K
RD 1927 -1 WY (Rev. 11 -97)
08th O3
390
together with all rights (including the rights to mining products, gravel, oil, gas, coal or other minerals), interests, easements, hereditaments
and appurtenances thereunto belonging, the rents, issues, and profits thereof and revenues, income and insurance proceeds therefrom,
all improvements, all water, water rights, water stock and irrigation equipment pertaining thereto, and all payments at any time owing
to Borrower by virtue of any sale, lease, transfer, conveyance, loss by fire or other hazard, or condemnation of any part thereof or
interest therein -all of which are herein called "the property";
TO HAVE AND TO HOLD the property unto the Government and its assigns forever in fee simple.
BORROWER for Borrower's self, Borrower's heirs, executors, administrators, successors and assigns WARRANTS THE
TITLE to the property to the Government against all lawful claims and demands whatsoever except any liens, encumbrances,
easements, reservations, or conveyances specified hereinabove, and COVENANTS AND AGREES as follows:
(1) To pay promptly when due any indebtedness to the Government hereby secured.
(2) To pay to the Government such fees and other charges as may now or hereafter be required by Government regulations.
(3) If required by the Government, to make additional monthly payments of 1/12 of the estimated annual taxes, assessments,
insurance premiums and other charges upon the mortgaged premises.
(4) The Government may at any time pay any other amounts including advances for payment of prior or junior liens, required
herein to be paid by Borrower and not paid by Borrower when due, as well as any costs and expenses for the preservation, protection,
or enforcement of this lien, as advances for Borrower's account. All such advances shall bear interest at the rate borne by the note
which has the highest interest rate.
(5) All advances by the Government, including advances for payment of prior or junior liens, in addition to any advances
required by the terms of the note, as described by this instrument, with interest shall be immediately due and payable by Borrower to
the Government without demand at the place designated in the latest note and shall be secured hereby. No such advance by the
Government shall relieve Borrower from breach of Borrower's covenant to pay. Any payment made by Borrower may be applied on the
note or any indebtedness to the Government secured hereby, in any order the Government determines.
(6) To use the loan evidenced by the note solely for purposes authorized by the Government.
(7) To pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed against the
property, including all charges and assessments in connection with water, water rights, and water stock pertaining to or reasonably
necessary to the use of the real property described above, and promptly deliver to the Government without demand receipts evidencing
such payments.
(8) To keep the property insured as required by and under insurance policies approved by the Government and, at its request,
to deliver such policies to the Government.
(9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a good and
husbandmanlike manner; comply with such farm conservation practices and farm and home management plans as the Government
from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening or impairment of the security
covered hereby, or, without the written consent of the Govemment, cut, remove, or lease any timber, gravel, oil, gas, coal, or other
minerals except as may be neccessary for ordinary domestic purposes.
RD 1927 -1 WY (11 -97), Page 2
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(21) Borrower further agrees that the loan proceeds secured by this instrument will be in default should any loan proceeds be
used for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion of wetlands to produce an
agricultural commodity, as prohibited by 7 C.F.R. part 1940, subpart G.
(22) At the option of the Government this mortgage may be foreclosed by action or advertisement under Power of Sale as
provided by law and statute, and Borrower here irrevocably vests in the Government the statutory Power of Sale.
(23) Borrower hereby assigns to the Government all borrower's rights under Wyoming Statutes 34 -4 -113 to surplus proceeds
and /or surplus money remaining after sale of the property under statutory Power of Sale or any foreclosure sale or similar sale
exercised by any foreclosing party or other party and hereby waives any claim against the officer or person making such sale for paying
said surplus on demand of the Government.
(24) Borrower hereby assigns or waives in favor of the Government all grazing privileges, permits, licenses, or leases appurtenant
to or used in connection with said land, and Borrower further covenants and agrees to execute any and all forms and documents that
may be necessary and/or required by Government to effect said assignment or waiver and further covenants and agrees to procure
renewals thereof prior to their expiration and to pay all fees and charges and to perform all acts and do all things necessary to keep and
preserve all said grazing rights and renewals thereof, and in the event of the failure of Borrower to do any of these things the Government
may do so on behalf of Borrower, including advancing such sums as may be necessary for this purpose, and such funds advanced shall
be secured by this instrument.
(25) If any provision of this instrument or application thereof to any person or circumstances is held invalid, such invalidity
will not affect other provisions or applications of the instrument which can be given effect without the invalid provision or application,
and to that end the provisions hereof are declared to be severable.
(26) This instrument shall be subject to the present regulations of the Government, and to its future regulations not inconsistent
with the express provisions hereof.
(27) Notices given hereunder shall be sent by certified mail, unless otherwise required by law, and addressed, unless and until
some other address is designated in a notice so given, in the case of the Government to FARM SERVIC AGENCY
P.O. BOX 369, AFTON, WY 83110 and in the case of Borrower at the address shown in the Government's
Finance Office records (which normally will be the same as the post office shown above).
IN WITNESS WHEREOF, Borrower has hereunto set Borrower's hands and seals this 7th day of
JULY ,u2000.
(SEA
Witness my hand and official seal.
LAURIE McKEE NOTARY PUBLIC
COUNTY OF STATE OF
LNICOLN WYOMING
JiY1 JENK
ACKNOWLEDGMENT
STATE OF WYOMING
COUNTY OF 'r.eclu ss:
The foregoing instrument was acknowledged before me by 0.r
this
D. JENK NS
cJenk4fts GlncI 3 1) d
My commission expires: ..lA 171a G. t ado g RD 1927 -1 WY (11- 91'),, Page 4
day of
Notary Public.
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