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LIN( )UNTY FEES: $18.00 PAGE
BOOK: 831 PAGE: 144 PROMISSARY NOTE
JEANNE WAGNER LINCOLN COUNTY CLERK
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PROMISSORY NOTE
AMOUNT: 179,000.00 DATE: April 17, 2014
FOR VALUE RECEIVED, MICHELLE LeANN HYMER and THOMAS ASHLEY
HYMER, Husband and Wife, of 120 3rd Street, Cokeville, Lincoln County, Wyoming P.O.
Box 162, Cokeville, WY 83114, (Makers), promise to pay to the order of SHERILYN A.
COATES, Trustee of the SHERILYN A. COATES REVOCABLE TRUST, dated April 14,
2009, of 120 3rd Street, Cokeville, Lincoln County, Wyoming P.O. Box 162, Cokeville, WY
83114 or its assigns (Holder), the sum of One Hundred Seventy -Nine Thousand Dollars
($179,000.00)
1. This Promissory Note (Note) shall bear interest at the rate of four point one -three
percent (4.13 per annum. The term of the Note shall be thirty (30) years.
2. The Note shall be paid at the rate of Eight Hundred and Sixty -Eight Dollars and
Four Cents ($868.04), principal and interest, per month, as calculated in the Amortization
Schedule attached hereto, commencing June 1, 2014, and continuing on the same date of each
succeeding month for three hundred and sixty (360) months. Makers shall have the option to
make extra payments. Said payments shall be applied to the principal amount of this Note.
Makers shall of the option of prepaying the entire amount of the balance due on this Note, at any
time, without any penalty for prepayment.
3. Notwithstanding the terms of default outlined in Paragraph 4 of this Note, in the
event of unemployment or serious illness of the Makers for a period of no more than six (6)
months, the Holder shall not seek to foreclose on this Note and the corresponding Mortgage.
HYMER PROMISSORY NOTE
April 17, 2014
Page 1 of 3
Interest on the unpaid principal shall accrue during a period of unemployment or illness. Makers
shall have one (1) year after the end of the six (6) month period to cure the default. In the event
the Makers are unable to cure the default within the one (1) year period after the unemployment
term, or if the term of unemployment or illness extends beyond a period of six (6) months, then
the Holder shall have the right to foreclose on the Note and Mortgage in accordance with the
terms of Paragraph 4 of this note and /or the terms outlined in the Mortgage.
4. Makers hereby also covenant, promise and agree that if, during the lifetime of the
Holder, they should ever become divorced from one another, that such an event shall be deemed
to be a default of the terms of this Note and Mortgage; and Makers shall be deemed to have
forfeited and returned all legal interest in the real property and improvements to the Holder.
Each Maker expressly agrees to waive all claim and interest in the property upon the occurrence
of such a divorce, including all rights to payments that have been made under this Note and
Mortgage. Each Maker also expressly agrees to further execute, at any time, all such documents
or waivers that may be needed to make effective this provision.
5. In the event the Makers shall fail to pay any installment payment at the time the
same is due, the whole of the principal sum then remaining unpaid, together with the interest that
shall have accrued thereon, shall at the election of the holder of this note become at once due and
payable. Notice of non payment, dishonor, demand, and protest shall be provided to the Makers
at above address. The Holder shall of the right to foreclose on the Note and Mortgage according
to the terms set forth herein and those terms contained within the Mortgage and Wyoming
Statutes. In the event of foreclosure, any costs, fees and attorney's fees shall be assessed against
the Makers.
HYMER PROMISSORY NOTE
April 17, 2014
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DATED this 1 *day of April, 2014.
STATE OF WYOMING
ss.
COUNTY OF LINCOLN
WITNESS my hand and official seal.
CRYSTAL L. SLAUGHTER NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commission Expires February 3, 2018
My Commission Expires: 10 f
ICHELLE LeANN HYMER
974, dat
THOMAS ASHLEY ,H
The foregoing instrument was acknowledged before me, a Notarial Officer, by
MICHELLE LeANN HYM R and THOMAS ASHLEY HYMER, Husband and Wife, Makers,
this 17 day of 1 2014.
tZ
NOTARY PUBLIC
HYMER PROMISSORY NOTE
April 17, 2014
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