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HomeMy WebLinkAbout978437RECORDING REQUESTED BY AND WREN RECORDED RETURN TO: LAW OFFICE OF SHARON E. RUCKER, PC A CALIFORNIA PROFESSIONAL CORPORATION 736 WEST 18TH STREET MERCER, CA 95340 978437 9/17/2014 2:26 PM LINCOLN COUNTY FEES: $18.00 PAGE 1OF 3 BOOK: 839 PAGE: 662 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK 11111111111111111111111111111111111111111111111111111111111111111111111111111111 MORTGAGE 1 THIS SPACE FOR RECORDERS USE DICKEY ENTERPRISES, INC., a California corporation (referred to as "Mortgagors Mortgagor of 729 Shooting Star Road, Bedford, County of Lincoln, State of Wyoming the "Property herby ,mortgage to JOE G. BRANCO AND CATHERINE L. BRANCO, Trustees of the BRANCO FAMILY 2005 REVOCABLE TRUST dated October 17, 2005, Mortgagee for the sum of three hundred eighty thousand dollars ($380,000.00) the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: Lot 16 of the Shooting Star .Subdivision, Lincoln County, Wyoming, according to that plat filed July 18,. 1995 iri the office. of the Lincoln County Clerk. as Plat No. 364 and Instrument No. 805315. This mortgage is given to secure the following indebtedness: Secured Promissory Note (the "Note of even date herewith for $380,000.00 made payable at the times and place and at the rate specified in the Note, This mortgage is intended to cover the rents and profits of the Property, and consent is hereby given after default for the appointment of a receiver by any competent court and the receiver is hereby authorized to rent the Property and apply the proceeds on this obligation. The Mortgagors agree to keep the buildings now on the Property or hereafter erected thereon fully insured against loss by fire in some fire insurance company approved by the Mortgagee, with loss, if any payable to Mortgagee, during the life of this mortgage. The Mortgagors also agree to pay all taxes and •assessments on the Property, including any assessments that may be levied on water rights or shares of stock used in connection herewith, or held as collateral with the Note; also any tax that may be assessed by reason of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the commencement of any legal proceedings for foreclosure of the same, and said attorney's fees shall be added to the amount due on this mortgage, and made a lie on the Property described herein. In case of default in the payment of any stun covenanted to be paid either the principal or interest when the same shall become due and payable, or in case of default in the performance of any covenant herein .contained the whole amount of this indebtedness seoured herein may be immediately declared due and payable, and to bear interest at the rate of 10 percent per annum from the date of such default, and this, mortgage foreclosed at the option of the legal holder. In the event of default, Mortgagors grant to Mortgagee a Power of Sale to foreclose on and sell said property as public auction pursuant to 34 -4 -101 et seq. Wyo. Stat., 1977, or its successor. Signed in the presence of WITNESS the hand of said Mortgagor, this 6 day of September, 2014 TRUSTOR DICKEY ENTERPRISES, INC., a California cor ation By: DANNI.EL A. e. CKEY,.Pr4.ent 2 STATE OF Montana COUNTY OF Signature NOTARIAL ACKNOWLEDGEMENT On SF-,7414 dg .a2U before me, Dennis E. Reno Notary Public, personally appeared satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature, on the instrument, the person or entity upon behalf of which the person acted, executed the instrument. I certify UNDER THE PENALTY OF PERJURY under the laws of the State of Montana that the foregoing paragraph is true and correct. WITNESS my hand and official seal. DESCRIPTION OF DOCUMENT THIS NOTARIAL CERTIFICATE IS BEING ATTACHED TO: Type /Title Date of Document 6 /4 Number of Pages 7" 600 who proved to me on the basis of Lvov NOTARY PI tIC for the SEAL St of 6 onfar�a �aldIng at. E3i�liings, Montana iw My COMilii8sion Expires