HomeMy WebLinkAbout894226eooK53'7 pR PAGE G 88 MORTGAGE
TIMOTHY F. CL~E ~d C~THI usbmd ~d Mfe 03
Mo~gagor of Durand, Co~W of , State o~¢~reb~ffiBiS~age to
STEPHEN R. GIECK and KAREN E. GIECK, husband and wife
Mortgagees of PO Box 2829 Jackson, WY 83001
for the sum of TWENTY SIX THOUSAND TWO HUNDRED FIFTY DOLLARS AND NO/100 .........
($26,250.00)
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 33, Rees Subdivision, according tot the official plat of record in the Office of the County Clerk,
Lincoln County, Wyoming
This mortgage is given to secure the following indebtedness: one note of even date herewith for
$26,250.00 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 29th day of September, A.D. 2003
Signed in the presence of
Timothy. Cline .
Cyntllia A. Cline
State of ~0¢~_zrn~(r} }
County of bom
On the [~t- day of (~)~ , A.D.2003, personally appeared before me,
Timothy F. Cline, the signer of the within ins2ument, who duly aclmowledged to me that he executed
the same.
state of Wyoming
Count of T ton
Illll,~ltt~~
On the ~~da~ of ~~ , A.D.2003, pe~sonall~ appeared before me,
Cynt]~a A. C]i~e, the si[~e~ of the ~t~n i~stmment, who du]~ ac~owled~ed to me that she executed
the same.
Notary Public
Commission expires:
Residing in: ~1 ~