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HomeMy WebLinkAbout890441 RECEIVED LINCOLI'4 60J~,!TY OLERK BOOK ~ 7~:e-- PR PAGE ~' EXTREME CONSTRUCTION, INC., a Wyoming Corporation Mortgagor of Jackson, County of Teton, State of Wyoming, hereby mortgage to MICROSYSTEM SERVICES, INC. PENSION PLAN ACCOUNT OF ROBERT KIRK, TRUSTEE; Mortgagee of PO Box 4779, Jackson, WY 83001 for the sum of THIRTY-ONE THOUSAND NINE HUNDRED NINETY-FIVE and no/100 ............... the following described tract of land in Lincoln, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: Lot 210 of River Ranches Fishing and Equestrian Estates at Freedom, Wyoming, Second Filing, Lincoln County, Wyoming according to that plat filed March 10, 1999 as Plat No. 383 & 383-A. This mortgage is given to secure the following indebtedness: one note of even date herewith for $31,995.00 made payable at the times and place and at the rate 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 case 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 34-4-101 et seq. Wyo. Stat., 1977, or its Successor. WITNESS the hand of said mortgagor, this 30th day of May, A.Df2003 Extr~e C ns/~c.d~ Signed in the presence of O State of Wyoming } County of Teton } On the 2nd day of June, A.D.2003, personally appeared before roe, -.3~ ~.., MOt'4~t/q who, being made by me duly sworn, did say that he is the ~pf 0..~d.c,l~ of Extreme Construction, Inc., a Wyoming Corporation, and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors and said ~ ~, acknowledged said instrument to be the free act and deed of said Notary Publ c Commission ~_fres: C~-t~-O~ Residing in: l'3r-dC,SOtOI {.,Oq OD~rl~ LAND TITLE COMPANY