HomeMy WebLinkAbout977489ance Title at bscr
P.O. Box 1367i
,mmerer WY 83101
Order No.: ATEC- 236317
MORTGAGE
Alan Ray Mohn of P.O. Box 311, Cokeville, WY 83114, (herein collectively called
`MORTGAGOR to secure the payment of $94,000.00, with interest thereon, as provided in and
evidenced by a promissory note of even date herewith (the ultimate maturity date of which is
October 1, 2028) and all renewals, modification and extensions thereof, do hereby mortgage unto
Cindy J. Thompson of Lolo, MT 59847 (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 of the State of Wyoming, to -wit:
Lot 7 of the Taylor Subdivision, Lincoln County, Wyoming, according to the official plat thereof
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 carrier 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 from time 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 assessments and may
secure and pay for such insurance, and all sums so paid shall be added to and considered 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 the 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 in the event
MORTGAGOR sells or conveys the Property, or any part thereof, or any interest therein, 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, may proceed by
advertisement and sale /or as otherwise authorized by governing law, to foreclose on and sell the
Property, and out of the proceeds of such sale, MORTGAGEE shall pay all sums due 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 Property, 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 1 day of July, 2014
Ian Ray Mohn
State of Wyoming
)ss.
County of Lincoln
The foregoing instrument was acknowledged before me this
Ray Mohn
Witness esss my hand and official seal
Al€01 tvi0e M
Notary Public: G'` 0,Q //9 /1J. i2Y S
My commission expires: 9 15
GLORIA K. BYERS NOTARY PUBLIC
County of
Lincoln
State of
Wyoming
My Commisson Expires September 15, 2015
S T day of July,2014,by Alan
977489 7/14/2014 11:40 AM
LINCOLN COUNTY FEES: $12.00 PAGE 1 OF 1
BOOK: 836 PAGE: 150 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
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