HomeMy WebLinkAbout886508 MORTGAGE DEED WITH RELEASE OF HOME.qTE?,i!
Donald & Beatrice Huber Mortgagor(s), of Lane
County, State of Oreqon , to secure the payment of ~ ~ Fixes ~ ~ Fi~t~ollar~
($. !5~525.00" ), dale ~ ], 20] 1 .... 1~______, with interest from
9~fll , ~ , at the rate of % per cent per annum payable monthly, evidenced by Promissory Note
of~vendatehovwith, lnmonthlylnstallments of ~ ~ F'j.~ D~]]n~ OF/Z1 ]5/]00 Dollar~ ($. 205.1'[i6 )
each, including interest, commencing on the 1st-_ day of i~:rld~r-. 200]
;4~ ,
and continuing on the same day of each month thereafter, does hereby mortgage and warrant to LEISURE VALLEY, fi~/C., a
Nevada Corporation, Mortgagee, of Lincoln County, Wyoming, the following described real property in the County of Lincoln,
State of Wyoming:
Star Valley Ranch RV Park Plat 2 Lot 647 33OOK
Mortgagor(s) agree to pay thc indebtedness according to thc terms and conditions of that Promissory Note hereinabovc
described, executed by Mortgagor(s) to LEISURE VALLEY, INC., and during the life of this mortgage to pay all taxes and
assessments against thc premises. If Mortgagor(s) fail to pay such taxes or assessments, Mortgagee may pay the same, and all
sums paid by Mortgagee for such purpesc shall bc added to and considered as a part of thc indebtedness and shah draw interest
at the same rate.
If default occurs in thc payment of the indebtedness or in thc payment o f any installment thereof, or if default occurs
in any of the covenants and agreements hereof or under the aforesaid Promissory Note, then the whole indebtedness shall, at
Mortgagee's option, become due and payable forthwith, and Mortgagee may foreclose this mortgage either by advertis~anent and
sale of the premhes as provided by the ststute~ of thc State of Wyoming, or by an action in equity. This will be Mortgagee's sole
remedy against Mortgagor(s) in case of default by Mortgagor(s). Out of the proceeds of any foreclosure the Mortgagee shall
retain or receive all sums due to it hereunder and costs of foreclosure and sale, including attorneys' fees in an amount equal to
Ten Percent (10%) of the indebtedness remaining unpaid at the time of such sale, and the same shall be taxed as costs in any
equitable action brought to foreclose this mortgage.
To fully assure Mortgagee the benefits of the security interest in the premises granted to it hereunder, Mortgagor(s)
hereby assign to Mortgagee all rents hereat~er payable for the use and occupancy of the premises by any person in possession
thereof with Mortgager's consent. If default occurs in any of the covenants and agreements herein contained or under the
aforesaid Promissory Note, whether or not Mortgagee elects to foreclose this mortgago on account thereof, Mortgagor(s) hereby
authorize Mortgagc~ to collect the rents from the premises and to apply the same to the payments on the indebtedness secured
hereby until such default is remedied.
In the event of foreclosure of this mortgage upon default, Mortgagee shall be entitled to the possession and enjoyment
of the premises and rents and profits thereof from the time of such default and during the pendency of foreclosure proceedings
and period of.redemption, if any. ffMortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon it~ request
therefor, Mortgagee may compel delivery thereof by ejeetment action or other civil proceedings appropriate for that purpose.
Furthermore, in addition to the remedies otherwise provided for in this mortgage and by law~ and as a matter of right without
regard to the solvency or insolvency of Mortgagor(s) or the Value of the premises or the insufficiency thereof to discharge the
indebtedness and costs of foreclosure and sale, Mortgagee shall be entitled to receive from the premises the rents, issues, and
profits thereof from the time of default to the expiration of any redemptive period provided by law. A receiver may be appointed
by any court of competent jurisdiction upon ex parte application without notice, notice being hereby waived and appointment of
a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGOR(S) HEREBY RELINQUISH AND WAIVE all rights under and by virtue of the homestead exemption
laws of the State of Wyoming.
DATED this..2nd day of. Septe,,mber , ~ .200 ]
STATE OF WYOMING )
MORTGAGOR(S):
.
) SS:
COUNTY OF LINCOLN ¥ /- ,,~ ['
thais ~ day 9~ , ~~~~ , 40~;bcfore me
m~ ~ be ae ~) d~scab~ ~ and w~o ex~ut~ th~ fo~oo~ ~st~ ................
~ ~UBLIq~ an4 for sai~
Recorded at the Request of:
LEISURE VALLEY, INC.
P.O. Box 299
Thayn¢, Wyoming 83127
My Commission Expires: