HomeMy WebLinkAbout977023 o
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Order No.: ATEC 230602
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P.O, Box 1299
Heather Reckling a single person of MIIIIIIMMOM Thayne, WY 83127 -9741, (herein
collectively called `MORTGAGOR to secure the payment of $105,000.00, with interest
thereon, as provided in and evidenced by a promissory note of even date herewith (the ultimate
maturity date of which i s June 1 1, 2021) and all renewals, modification and extensions thereof, do
hereby mortgage unto Don Adams, LLC of 11245 SE 6` Street, Suite 240, Bellevue, WA
98004, (herein called "MORTGAGEE the following described real property, situate in the
County of Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by
virtue of the homestead exemption laws oldie State of Wyoming, to -wit:
Lot 107 of Star Valley Ranch Plat 17, Lincoln County, Wyoming, as shown on they official plat
thereof filed May 3, 1979, as receiving No. 523541, in the office of the Clerk of L_ncoln County,
Wyoming as plat No. 235.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes, assessments and
charges levied against the property, as the same become due and payable; to secure, maintain and
furnish MORTGAGEE evidence thereof, insurance with an insurance cam er or carriers
acceptable to MORTGAGEE, covering the insurance improvements on the Property against loss
by fire and earthquakes, with extended coverage, in an amount not less than the unpaid balance of
the debt hereby secured, or the insurable value (replacement cost) of such improvements,
whichever is less, which insurance shall contain an appropriate loss payable provision protecting
MORTGAGOR and MORTGAGEE as their respective interests may appear frori tine to time.
In the event MORTGAGOR fails to pay such taxes or assessments, or fails to keep and maintain
such insurance as herein provided, MORTGAGEE may pay such taxes and assess nests and may
secure and pay for such insurance, and all sums so paid shall be added to and cons :dered a part of
the indebtedness hereby secured and shall draw interest at the same rate.
In case default shall be made in the payment of the above sums hereby secured, or in tie payment
of the interest thereon, or any part of such principal or interest, when the same shall become due;
or in case of default shall be made in any of the covenants and agreements thereof. or n the event
MORTGAGOR sells or conveys the Property, or any part thereof, or any interest Herein, without
the prior written consent of the MORTGAGEE first had and obtained, then the whole
indebtedness hereby secured, with interest thereon, shall become due and payable, at the option of
MORTGAGEE, and MORTGAGEE'S legal representatives and assigns, rimy proceed by
advertisement and sale /or as otherwise authorized by governing law, to foreclose Dn and sell the
Property, and out of the proceeds of such sale, MORTGAGEE shall pay all sums Jue hereunder,
together with all costs of sale including reasonable attorney's fees. If the proceeds of the
foreclosure sale are insufficient to pay the indebtedness hereby secured and foreclosure costs,
MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of foreclosure occurs hereunder, MORTGAGEE
shall at once become entitled to exclusive possession, use and enjoyment of the P -operty, and to
all rents, issues and profits from the accruing of any such rights and during the pendency of the
foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR warrants title to the Property as to parties claiming, by, through or under the
MORTGAGOR only.
Witness our hands this o day of June, 2014
Arai l I
Heather Reckling
977023 6/13/2014 11:13 AM
LINCOLN COUNTY FEES: 515.00 PAGE 1 OF 2
BOOK: 834 PAGE: 75 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLEF.K
I III III IIII I IIII II 11111 111111 11 11111111111 I I 11111
State of (,dryn,{/Y)
-)ss.
County of
The foregoing instrument was acknowledged before me this day o
9 (A/Y LeJ ,2014, by Ileather Reckling.
Witness my hand and official seal
Notary Public: 6 /i ,C)Y[ /t S
My commission expires: 9
GLORIA K. BYERS NOTARY PUBLIC
County of 4A rc. State
oy of
Lincoln
Wyoming
My Commisson Expires September 15, 2015