HomeMy WebLinkAbout978947Ryan Alan Merritt and Inger Faylene Merritt, husband and wife whose address is P.O. Box 55,
Auburn, WY 83111 as (herein collectively called "Mortgagor to secure the payment of 33,985.32
$33,985.32 with interest thereon, as provided in and evidenced by a promissory note of even date
herewith (the ultimate maturity date of which is October 20, 2018) and all renewals, modification and
extensions thereof, do hereby mortgage unto
David A. Bender, Jr. and Cammie Bender, husband and wife, as of .P.O. Box 2152, Lebanon, OR
97355 (herein called "Mortgagee their successors and /or assigns 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:
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 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 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 proceeding,
and the period of redemption, if any there be.
Mortgagor warrants title to the Property as to parties claimin•, by through or under the Mortgagor
only.
Lot 2 of Stump Creek Acres, 2nd Filing, Lincoln County, Wyoming as described on the official
plat filed with Instrument No. 978225 of the records of the Lincoln County Clerk.
Witness our hands this of October, 2014,
STATE OF WYOMING
)ss.
COUNTY OF LINCOLN
The foregoi g instrument was acknowledged before me by Ryan Alan Merritt and Inger Faylene Merritt,
on the day of October, 2014.
Witness my hand and official seal.
MORTGAGE
My Commission xp es:
erd-
Notary Public
978947 10/21/2014 4:36 PM
LINCOLN COUNTY FEES: $12.00 PAGE 1 OF 1
BOOK: 841 PAGE: 831 MORTGAGE
JEANNE WAGNER LINCOLN COUNTY CLERK
111111111111111111111111111111101111111111111111111111111111111111
/Li ALL LAM
ylene erf t