HomeMy WebLinkAbout886462L/q-L/ IOD I'~
TIPHANY GAYHART,
a single woman
MORTGAGE
BOOK_ ~ ......
_ PR PAGE
Mortgagor of Alpine, County of Lincoln, State of Wyoming, hereby mortgage to
JOHN M. SCHALLER, a single man
Mortgagees of Cody, County of Park, State of Wyoming
for the sum of FIFTY ONE THOUSAND AND NO/100 ....................
the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving
all rights under and by virtue of the homestead exemption laws of the State, to wit:
Lot 705 of Lakeview Estates 5th Addition to theTown of Alpine, Lincoln County, Wyoming, according
to that plat filed. ,,t~ ,,~ ~ ~. , in the offices of Lincoln County Clerk as Plat No.
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This mortgage is given to secure the following indebtedness:
One note of even date herewith for $51,000.00 made payable at the times and place and at the rate of
interest specified in the note.
This mortgage is intended to cover the rents and profits of said property, and consent is hereby given after default, for the appointment of
a receiver by any competent court and the receiver is hereby authorized to rent the said property and apply the proceeds on this obligation.
The Mortgagors agree to keep the buildings now On said premises or hereafter erected thereon fully insured against loss by fire in some
fire insurance company approved by the mortgagee, With loss, if any payable to mortgagee, during the life of this mortgage.
The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on water
rights or shares of stock used in connection herewith, or held as collateral with the above note; also any tax that may be assessed by reason
of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the commencement of any legal
proceedings for foreclosure of the same, and said attorney's fees shall be added to the amount due on this mortgage, and made a lien on the
premises described herein. In ease of default in the payment of any sum covenanted to be paid, either the principal or interest when the
same shall become due and payable, or in case of default in the performance of any covenant herein contained, the whole amount of this
indebtedness secured herein may be immediately declared due and payable, and to bear interest at the rate of 10 percent per annum from
the date of such default, and this, mortgage foreclosed at the option of the legal holder. In the event of default, Mortgagors grant to
Mortgagees a Power of Sale to foreclose on and sell said property as public auction pursuant to 34~4-I 01 et seq. Wyo. Stat., 1977, or its
successor.
WITNESS the hand of said mortgagor, this 16th day of December, A.D. 2002
Signed in the presence of
State of Wyoming }
County of Teton }
On the { ~ day of December, A.D. 2002, personally appeared before me, Tiphany Gayhart
the signer of the within instrument, who duly acknowledged to me that she executed the same.
Commission expires:
Residing in: L-.tMc~t.,IO
LAND TITLE COMPANY