HomeMy WebLinkAbout894465 RECEIVED
LINO0I. N COUNTY CLERK
03 0CT;$ P?, 4:01
i MORTGAGE lCc~,Mp'o~.',-.; . ..'~ .
STEVEN SHAEN CARTER, TRUSTEE OF THE STEVRN~AE~ CARTER.R~VOC~LE
TRUST DATED ~ARCH 22, 1995, ~ TOM P~IS OF ~ ~ ~
, (herald co~leGtively cal~ed "MORTGAGOR"), to secure the Daymem~f FORT~
FIVE THOUS~D DOLLARS ($45, 000. 00) , with iDterest thereo~, as provided in
evidenced by a Drum]sauCy ~ote of eve~ date herewith (the ultimate maturity date of which
Js the 0TH day o~ OCTOBER, 200~) and aH re~ewals, modificatJom amd extensions thereof, do
hereb~ mortgage u~to LESTER K. JEPPERSO~ ~D VICKIE J. JEPPERSON, Husband and
Wife, of p.O. Box 312 Tbay~e, WY 83127 herein called "MORTGAGhE"), the
described ~eal property, situate in the Coumty of L~n~oln, State of Wyom]mQ, hereby releasiQg
and wavJn~ a]~ r~ghts u~der and by virtue of the homestead exemDtiom law~ of the State
Wyoming, to-wit;
Lot 3 of the Jepperson Subdivision, Lincoln County, 'Wyomin~ as
described on the official plat thereo~.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessments and charges levied against the Property, as the same become due and payable;
to secure, maintain and furnish MORTGAGEE evidence thereof, insurance with an insurance
carrier or carriers acceptable to MORTGAGEE, covering the insurance improvements on the
Property against loss by fire and earthquakes, with extended coverage, in an amount not less
than the unpaid balance of the debt hereby secured, or the insurable value (replacement Cost)
of such improvements whichever is less, which insurance shall contain an appropriate loss
payable provision protecting MORTGAGOR and MORTGAGEE as their respective interests may
appear from time to time. In the event MORTGAGOR fails to pay such taxes or assessments,
or fei'leto keep and maintain such insurance as herein provided, MORTGAGEE may pay such
taxes and assessments and may secure and pay for such insurance, and all sums so paid shall
be added to and considered a part of the indebtedness hereby secured and shall draw interest
at the same rate.
In case default shall be made in the payment of the above sums hereby secured, or in
the payment of the interest thereon, or any part of such principal or interest, when the same
shall become due; or in case of default shall be made In any of the covenants and agreements
thereof, or in the event MORTGAGOR sells or ·conveys the Property, or any part thereof, or
any interest therein, without the prior written consent of the MORTGAGEE first had and
obtained, t-hen the whole indebtedness hereby secured, with interest thereon, shall become
due and payable, atthe option of MORTGAGEE, and MORTGAGEE'S legal representatives and
assigns, may proceed by advertisement and sale/or as otherwise authorized by governing law,
to foreclose on and sell the Property, and out of the proceeds of such sale, MORTGAGEE shall
pay all sums due hereunder, together with all costs of sale including ·reasonable attorney's
fees. If the proceeds of the foreclosure sale are insufficient to pay the indebtedness hereby
secured and foreclosure 6oats, MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right of foreclosure occurs hereunder,
MORTGAGEE shall at once become entitled to exclusive possession, use and enjoyment of the
Property, andto all rents, issues end profits from the accruing of any such rights and during
the pendency of the foreclosure proceedings, and the period of redemption, if any there be.
MORTGAGOR'warrants title to the Property es to parties claiming, by through or under
the MORTGAGOR only,
" ' % Stev~)haerp Carter, Trustee
/
Tom Paris
~'~ ~96 L£B ~0£ OD 391[1 ±S3MHI~OS I£:PI £00~-B0-13,0
State. of California )
)ss
Count,,, of r /o- /¢-,,-
The foregoing instrument was acknowledged before me by Steven Sheen Carter this
day of October, 2003.
Witness my hand and official seal,
State of California
of )~/
County
/--
Nota. ry Public
~'~.~, Commission//1386068
J M~/7 Riverside County
The foregoing instrument was acknowledged before me by Tom Paris this ~ day of
October, 2003.
Witness my hand end official seal.
My Commission Expires:
Notary Public
Commission # 1386068
Notary Public- Cali¢ornia
~iverstde Courlty
M',' Comm. Expires Dec 18 2CK)6
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