HomeMy WebLinkAbout978870Order No.: ATEC- 248320
978870 10/17/2014 8:25 AM
LINCOLN COUNTY FEES: $15.00 PAGE 1OF 2
BOOK: 841 PAGE: 517 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
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MORTGAGE
Mark Johnson and Kammi Johnson, husband and wife, of 1000 Crow Creek Road Afton, WY
83110, (herein collectively called `MORTGAGOR to secure the payment of $83,000.00, with
interest thereon, as provided in and evidenced by a promissory note of even date herewith (the
ultimate maturity date of which is November 13, 2028) and all renewals, modification and
extensions thereof, do hereby mortgage unto Lionel D. Frome and Susan B. Frome, Trustees, U-
D-T, dated May 30, 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 19 of the Westhills Subdivision, Lincoln County, Wyoming, as shown on the recorded plat
thereof.
Together with their interest in Lot 017 (Road Lot) of the Westhills Subdivision, Lincoln County,
Wyoming, as shown on the recorded 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 Tess 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 o hands this 7..5 day of
Mark t# son
a- Ax_A-A/4 4$
Kammi Johnson
2014
State of
County
)ss.
T6tggoing instrument was acknowledged before me this of
,2014, by Mark Johnson and Kammi Johnson.
Witness my hand and official seal
Nota ublic:
My ommission expires:
JILL H. Li NOTARY PUBLIC
County of fOtyit.t.,..
cr.)
State of
Lincoln Wyoming
My Cominitision Expli es June 20, 2015