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HomeMy WebLinkAbout979356MORTGAGE Chad Goodsell, a single: person whose address. is 715 Pennsylvania Ave, Rock Springs, WY 82901 (herein collectively called "Mortgagor"). to secure the payment of $3,300.00 with interest thereon, as provided in and evidenced by a promissory note of even date herewith (the.. ultimate maturity date of which is January 16, 2016) and all renewals, modification and extensions thereof, do hereby mortgage unto Jerald H. Bergmann, Trustee of the Bergmann Family Trust dated April 6, 1984, as of 3435 :Sunset PI Simi Valley, CA 93063 (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: Lot 54 Eiden Addition to the Town of LaBarge, Lincoln County, Wyoming as described on the official plat. filed July 6, 1993 with Instrument No 767481 of the records of the. Lincoln County Clerk. 53 Pipers Way, LaBarge, WY 83123 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 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 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 claiming, by through or under the Mortgagor only. Witness our hands this 1 979356 11/17/2014 2:52 PM of November; 2014, LINCOLN COUNTY FEES: $15.00 PAGE 1 OF 2 Chad Goodsell BOOK: 843 PAGE: 506 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK 11111111111111 IIII 11111111111 II 1 1111 IIII IIIII IIIII IIIII IIIII II 11111 III IIII 1 STATE OF WYOMING )ss. COUNTY OF SWEETWATER The foregoing instrument was acknowledged before me by Chad Goodsell, on the day of November, 2014. Witness my hand and official seal. My Commission Expires: 5� 1 Q Notary Public 2