HomeMy WebLinkAbout886506 Kenr/e,th.. B..t!& 'DeAnn Sutton - ! .....
County, State of~. Wyom~ to s ...... -----..-_~°r~gagor(s), of Teton
' -- .' , c';uremcpnymcntof ~:leven Thousa,nd Tw~nt Fivd3olla~
tcvcn d~te herewith; ~ m~nthlv ~sm" ...... ~ ~. _~ ~.~ ~r .nnum payable monthly, evldcne~ b P misso
~eh, meludmg ~st~ ~cnein on
and eontmumg uA mg same day of ~'ch the~daY of_ Ma~, . pn~l ': . _,~, ...:.,
mon~ UIcr~Rcr, doc~ hercby ~oAgage and wa~nt to LEISU~ Y~LEY, INC.,
a Ncved~':'Co~Afion; Mo~gag~, of L~co~ County, Wyom~g, ~e follow,g, deSe~b~ r~l pm~y ~ ~e County of
S~ar Valley Ranch P:~a~2 ~t 637 ~00~~ PAGB
,, Mottgag0r(s) agree to Pay las indebtedness "ccord[ng to the terms and cond[tinns el` thst"Promhsory Note herein.boys
described, executed by Mortllngor*(s) to LEISURE VALLEY', INC., nnd during tho llfo ofthh mortgago to pay ,,U taxes and
asscssments against the premises. If Mortgagor(s) £.ll to pay such taxes or assessments, Mortgn§ee may pay tho same, ilnd all
. sums paid by M0rtgflgco l`or such purPOse shall be added to nnd considcted as a part of thc indebtedness and shall dntw interest
st tho same rate,,
If dc£ault oCeui-s in thc paymcnt of life m cbtedncss or in thc payment of an*y Installment therco£, or if dc£ault occurs
in nay of thc covcnants and agreements hereof or under the al`oresaid Promissory Note, thcs the whole indebtedness shall, "t
Mortgagce's option, become due nnd payable fmthwith, and Mortgagee may £or~closo this mortgage either by advetliscmcnt
and sale of the premises' as pro~dded by thc
Mo~ a ~'s so ' ' ,statutes of the State of WYomln,,
g g IcremedyagemstMortgngor(s) m cascofdcfault byMorlgagor(s~'.' or by,an action in eztulty' Thh will bo
Out of the procceds of -,ny £oreelosUro tho
Mortgagee shall rc~in or i'eccive all sums due to it hereunder and costs of foreclosure and sale, including attorneys
amount eqtial to Ten Percen~ (i0~) el` tho indebtedness rcmaining unpaid et thc time of such sale, and thc same shall b~ taxed
l~s costs in any equitable sctinn brought to foreclose Offs mortgage.
To' fully assure Moilg~gee the benefits of the security intcrcst in thc prcmlscs gr~nted to it hereunder, Mortgagor(s)
hercby assign to Mortgagee all rents heres/let payable £or thc usc and occupancy of Ute prcmlses by any person in possession
thereof with Mortgager's consent. Il` default occurs In nny of thc covcnnnts and agreements herein contained or under tho
a£oresald Promissory Note, whether or not Mortgagee elects to/'oracles
authorize Mortl~agee to collect the rents from the premises, and to nppl; Otis mortgage on account thereof, Motigngor(s) hereby
hercby until such dcl'~ult'is rcmcdlcd, the same to 0ia payments on the indebtedness secured
In thc event of foreclosure ol'thls mortgage upon default, Morl§ag~ shah he entitled to the possession and enjoyment
o1' the prcmhcs and rents and profits thereof lmm thc time o£ such default nd durmg tho.pendency of £orcel0suro proceedings
and period of redeml~tionl il' any, If Mortgagor(s) shall £nll to surrender such possession to Motlgngce promptly upon its request
therefdr, Mortgagee ,may corelli delivery thereof by cjcctmcnt actinn or other eMI proceedings appropriate for that purpose.
Furthermore, in addition to thc remedies otherwise provided for in this mortgage and by law, and as a matter of right without
regard to Ute solvency or. insolvency of Mortgagor(s) or thc value of tho premises 'or tho insuffieicney therco£to discharge tho
indebtedness and eom of foreclosure nnd sale, Mortgagee shall bo cntltled to receive l`rom the premises tho rents, issues, and
profits thcreof from thc time of dc/suit to Illc explrntlon of .,ny r~cmptivo period provided by law. A receiver may bo
appointed by any court of competcnt jurisdiction upon ex patio application without notice, notleo being hereby waived nnd
appointment of a receNer uPOn so'ch nppllcatJon being hereby consented to by thc 'Mortgagor(s). '
MOrtT~A~O~(S) ..r~ny i~ELt~QU~Slt
laws of thc State of Wyoming.. " AND WAIVE nil rights u.dcr nnd by virtue o£the homestead cxcmptlon
DATED this _ 25th _d~y o1'_' Auqustr 2000
STATE OF WYOMING
COUNTY OF LINCOLN
MORTGAGOR(S):
.) ca
,. on uti, . /I ' ' ' ' ·
~';~f ~' 'lg'~.-.~.--.___b'.bc£ore mo personally a~pear~d
to be the person~nu . '/~/~_/~ .L., ' ._
,, y a,.;l~,uco i/i nile WOo gXec . · - - *~'~' ' ~.JlO
same as ~';';~,~' ~. r ......... ui.ed.?e {orcgo,ng mstromcnt and acknowledged ,j~t . __ wnto m_~
· ~ ,,,.-~ a~. uno ecoa, lncluumg Ute release and walvcr of ti ....... ~-J~ '- '~ _.xoouted th.
~t; nRnt el llomestcad. ! ·
w~,,,,,I,~ NOTARY PUBLIC in and for said ~:.'
County and State . ,','i
My Commission Expires:
.Recorded at the Request of:
LEISURE VALLEY, INC.
P.O. Box 42755.
Las Vegas, Nevada 89116