HomeMy WebLinkAbout893544i~oox~,~ PR PA6~~ LiI~COLN COUP,.!TY
MORTGAGE ASE OF HO~S'~XD ' I?: .~ ,
Robert L. Hau~schild and Diane J. Haunsch~d Mortgagor(s), of San Diego County, $ ~[e ~C..CA ..... ~ ,rp ~ecure
payment of ~elve thousand five hundred and no/100 Dollars ($ 12,500.00 ), due September 1, 2013 ,
with interest from July 6, 2003 at the rate of ten per cent per annum payable monthly, evidenced by Promissory Note of
even date herewith, in monthly installments 0f one hundred s~ty-five and 19/100 Dollars ($ 165.19 ) each,
including interest, commencing on the 1st day of September ,2003 and continuing on the same day of each
month therea~er, do(es) hereby mortgage and wa~ant to LEISU~ VALLEY, INC., a Nevada Co~oration, Mo~gagee, of
Lincoln County, Wyoming, the following described real proper~ in the County of Lincoln, State of Wyoming:
Star Valley Ranch RV Park Plat 2 Lot 657
Mortgagor(s) agree(s) to pay the indebiedness according to the terms and conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the life of this mortgage to pay all taxes and assessments against the
premises. If Mortgagor(s) fail(s) to pay such taxes or assessments, Mortgagee may pay the same, and all sums paid by Mortgagee for such
purpose shall be added to and considered as a part of the indebtedness and shall draw interest at the same rate.
If default occurs .in the payment of the indebtedness or in the payment of 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 ad~,ertisement and sale of the premises as
provided by the statutes of the State of Wyoming, or by an action in equity. This will be Mortgagee's sole remedy against Mortgagor(s) m
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 attorney fees in an amount equal to Ten Percent (10%) of the indebtedness remaining unpaid at
the time of such sate, 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(s) to
Mortgagee all rents hereafter payable for the use and occupancy of the premises by any person in possession thereof with Mortgagor'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 mortgage on account thereof, Mortgagor(s) hereby authorize(s) Mortgagee 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. If Mortgagor(s) shall fail to surrender such possession to Mortgagee promptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate for that purpose. Furthermore, in addition to the re~nedies
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),
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 no,ice, notice
being hereby waived and appointment of a receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGOR(S) HEREBY RELINQUISH(ES) AND WAIVE(ES) all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this 7th day of July ,2003
STATE OF WYOMiNG )
SS.
COUNTYOF LINCOLN )
On this 7th day of July me
Haunschild and
described in and who executed the foregmng instrument, and acknowledged that they executed the same as __
act and deed, including the release and waiver of the right of homestead.
WITNESS my hand and seal. '
My commission expires
, 2003 before personally appeared Robert L.
Diane J. Haunschild known to me to be the person(s)
their free
N'OTAKY
PUBLLC~n~a__n~llf_0r said ~ot~nty and State