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RECEIVED
_INCOLN COW
BOOK 44&PR PAGE 6 4 5
This mortgage is madAikiroiliiita VaDtWof November, 1999, between
arles H. Dana and Elaine H. Dana, Trustees, or their successors in Trust, of
Charles H. Dana Revocable Trust dated August 8, 1990 and any
endments thereto, (collectively the "Mortgagor and Hugh Gardner Soest
Donna Marie Soest, as Trustees of The Green Hills Revocable Living
st, f /b /o Hugh Gardner Soest and Donna Marie Soest, dated June 30th,
89, Lawrence S. Rodeck and Sandra S. Rodeck, as Custodians for Malcolm J.
odeck, under the Wyoming Uniform Transfers to Minors Act, Lawrence S.
Rodeck and Sandra S. Rodeck, as Custodians for Cameron M. Rodeck, under
the Wyoming Uniform Transfers to Minors Act and Lawrence S. Rodeck and
Sandra S. Rodeck, as Custodians for Sara M. Rodeck, under the Wyoming
Uniform Transfers to Minors Act, as tenants in common (the "Mortgagee
WITNESSETH, that to secure the payment of the principal sum of One
Hundred Sixty Three Thousand One Hundred Sixteen Dollars ($163,116.00),
or so much thereof that may be advanced, together with interest thereon at
ten percent (10 per annum, with interest accruing from the date of
advances on the outstanding principal balance, and interest being due and
payable monthly beginning July 31st, 2000, and continuing until August 31st,
2000, when the entire amount hereof, principal and interest then remaining
unpaid, shall be due and payable; interest being calculated on the unpaid
principal to the date each payment is received and the payment made credited
first to the discharge of any late charges due hereunder and then to accrued
interest and the balance to the reduction of this principal; provided that
failure to pay an interest installment as and when due prior to maturity shall
not constitute an event of default, but in the event any interest installment is
not paid within ten (10) days of when due it shall be added to the principal
balance outstanding as of the due date and shall draw interest thereafter at the
same rate as principal, all as evidenced by a Promissory Note of even date
herewith (the ultimate maturity date of which is the 31st day of August, 2000)
and all renewals, modifications and extensions thereof, the Mortgagor hereby
mortgages to the Mortgagee the following described real estate, situated in the
County of Lincoln, State of Wyoming, to -wit:
See Exhibit "A" attached hereto and by this reference made a part
hereof.
Together with and including all buildings and improvements
thereon and all appurtenances and hereditaments thereunto
belonging. Subject to all covenants, conditions, restrictions,
easements, reservations, encumbrances, rights and rights -of -way
of sight and /or record (the "Property
And the Mortgagor covenants with the Mortgagee as follows:
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9 17 9 9
0867026 647
interest, late charges, lawful charges against the Property,
amounts paid by Mortgagee, attorney fees, collection costs, etc.)
and failure to cure such payment default within thirty (30) days
of written notice thereof; or
(b) After failure to exhibit to the Mortgagee, within thirty (30) days
after demand, receipts showing payment of all ground rents,
taxes, water rates, sewer rents, governmental charges, quasi
governmental charges and assessments; or
(c) After the assignment of the rents of the Property or any part
thereof without the written consent of the Mortgagee, except as
otherwise provided herein; or
(d) If the Mortgagor fails to keep, observe and perform any of the
other covenants, conditions or agreements contained in this
mortgage (not cured within prescribed time limits); or
(e) After failure to comply with any requirement or order or notice
of violation of law or ordinance issued by any governmental or
quasi governmental authority claiming jurisdiction over the
Property within three (3) months from the issuance thereof; or
(f) Upon sale or transfer of an interest in the Property without
Mortgagee's consent as herein provided; or
10. Foreclosure Upon Default. In the event of default and
acceleration as herein provided, the Mortgagee may proceed, pursuant to the
laws of the State of Wyoming by judicial foreclosure or advertisement and
sale, to foreclose on and sell the Property, and out of the proceeds of such sale
shall pay all sums secured hereby, including all costs and expenses of the
foreclosure proceeding.
11. Remedies. All remedies provided in this mortgage are distinct
and cumulative to any other right or remedy under this mortgage or afforded
by law or equity which may be exercised concurrently, independently or
successively. Any forbearance by Mortgagee in exercising any right or remedy
hereunder, or otherwise afforded by applicable law, shall not be deemed a
waiver or preclude the exercise of any such right or remedy at any time.
12. Receiver. The holder of this mortgage, in any action or
procedure to foreclose it (judicial, by power of sale or otherwise), shall be
entitled to the appointment of a receiver. The Mortgagor hereby consents
that, in the event a receiver is appointed, Mortgagee may be the receiver.
13. Possession. In the event of default by Mortgagor, the Mortgagee
is entitled to possession of the Property during the pendency of any
foreclosure proceedings and during any period of redemption, if applicable,
under the statutes of the State of Wyoming.
14. Attorney and Foreclosure Expenses. If any action or proceeding
be commenced, to which action or proceeding the Mortgagee is made a party
due to its interest in the Property, or in which it becomes necessary to initiate
collection of the indebtedness hereby secured or foreclosure proceedings
(whether or not suit is necessary), all sums paid by the Mortgagee for the
3
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0867026 6 4 9
"Mortgagee" shall be construed as if it read "Mortgagees" whenever the sense
of this mortgage so requires. Whenever used, the singular shall include the
plural, the plural the singular and the use of any gender shall include all
gender,. This mortgage shall be governed by the laws of the State of
Wyoming.
IN WITNESS WHEREOF, this mortgage has been duly executed by the
Mortgagor, hereby relinquishing and waiving all rights under and by virtue
of the homestead exemption laws of the State of Wyoming.
STATE OF WYOMING
ss..
COUNTY OF LINCOLN
Witness my hand and official seal.
My Commission Expires:
(1).13 ,Zdeis
dl
Charles H. Dana, Trustee of the
Charles H. Dana Revocable Trust
dated August 8, 1990
Notary Public
5
Elaine Dana, Trustee of the
Charles H. Dana Revocable Trust
dated August 8, 1990
The foregoing instrument was acknowledged before me by Charles H.
Dana and Elaine H. Dana, Tr stees of t e C arles H. 'Dana Revocable Trust
dated this _thr.. day of 2000.
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EXHIBIT "A"
Page 2 of 2
08(0.702G
Description Thayne Village Center Lot E 20,566.08 Sq. Ft. or 0.472 Acres
A portion of the NW 1 /4SE1 /4 of Sectinn 23, T34N, RI 19W, (gibe 6th. P.M., located in
the Town of Thayne, Lincoln County, Wyoming being more particularly described as
follows:
The True Point of Beginning being an iron Pipe set at a point in the Easterly line of that
certain parcel of land described in Deed No, 815012 from Franklin and McGinnis
properties, a partnership, to !high Gardner Soest and Dona Marie Soest, Trustees tiled
February 02, 1996 in Book 379PR, Page 643, said point being 879.69 feet Easi to a
Magnetic PK Nail set at a point in the Center line of the Dana Street Right of-Way and
319.30 feet 87°2821"E from the Knowlton's B,L.M, type Monument marking the
Northwest corner of said NW 1 /4NE 1/4; thence 97°28'21"E, continuing along said
Easterly line, 100.86 feet to an Iron Pipe found marking the Northeast corner of Lot D;
thence West, along tlrc North line of said Lot D, 212.21 feet to an Iron Pipe found
'narking the Northwest corner of said Lot 1), said point also being a point in the East
Right-of-Way line of Village Parkway; thence North, along said East Right -of -Way line
100.00 feet to an iron Pipe set; thence East 199,09 feet, to the True Point of Beginning,
65.1