HomeMy WebLinkAbout978866Order No.: ATEC- 248263
Jonathan LaBenne and Pamela LaBenne, husband and wife, as joint tenants, with rights of
survivorship, of 1150 Crow Creek Rd Afton, WY 83110, (herein collectively called
`MORTGAGOR to secure the payment of $77,000.00, with interest thereon, as provided in and
evidenced by a promissory note of even date herewith (the ultimate maturity date of which is
November 15, 2024) and all renewals, modification and extensions thereof, do hereby mortgage
unto L. D. Susan Frome Revocable Trust udt of 21 March 1989 of Afton, WY 83110 (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 #20 of The Westhills Subdivision, as platted and filed in the office of the Lincoln County
Clerk, Kemmerer, Wyoming.
Together with their interest in Lot #17 (Road Lot) of The Westhills Subdivision
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 govcming 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 ands this day of
Pamela LaBenne
978866 10/16/2014 3:40 PM
LINCOLN COUNT( FEES: $15.00 PAGE 1OF 2
BOOK: 841 PAGE: 512 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
MORTGAGE
,2014
State of
County
Not Public:
Witness my hand and official seal
My ommission expires:
JILL H. LARSON NOTARY PUBLIC
County of State of
Lincoln 181: Wyoming
My Commission E giros Juno 20, 2015
Th fore oing instrument was acknowledged before me this /6 day of
,2014, by Jonathan LaBenne and Pamela LaBenne,
/0/