HomeMy WebLinkAbout979403Tailgaterz LLC, a Wyoming limited liability company, whose address is P.O. Box 1447, Afton, WY 83110
(herein collectively called "Mortgagor to secure the payment of $225,000.00 with interest thereon, as
provided in and evidenced by a promissory note of even date herewith (the ultimate maturity date of which is
February 10, 2034) and all renewals, modification and extensions thereof, do hereby mortgage unto:
David Sears and Connie Cahill Sears, husband and wife as of P.O. Box 708, Afton, WY 83110 (herein
called "Mortgagee its /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 claiming, by through or under the Mortgagor
only.
Beginning at a point which is 6 rods South from the northwest corner of Lot 3 in Block 20 in the
Townsite of Afton, as same is platted and of record in the records o f Lincoln County, Wyoming,
and running thence East 10 rods; thence South 1 rod, 11 feet; thence West 10 rods; thence North 1
rod, 11 feet to the point of beginning.
467 Washington Street Afton, WY 83110
Witness our hands this
STATE OF WYOMING
)ss.
COUNTY OF LINCOLN
The fore oing instrument was acknowledged before me by Tamara Thompson, Manager of Tailgaterz LLC, on
the f day of November, 2014.
979403 11/20/2014 4
LINCOLN COUNTY FEES: $12.00 PAGE 1 OF 1
BOOK: 843 PAGE: 714 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
Witness my hand and official seal.
1IIIII IIII I IIII IUIII II II II11 I II II III I II I IIII IIIII 1 1 1Il 0 II IIII
My Commission Expires: g
MORTGAGE
u- of November, 2014.
Tail LLC
Tamara Thompson, anager