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MORTGAGE
RECEIVED
LINCOLN COUNTY CLERK
MAI{IA/qNE SCHMITT NELLAUER, TRUSTEE OF THE MORTENSEN !~'~'~'~iF,C-~,'~S"~!/'~:*~':i~,j!~
DATED SEPTEMBER 19, 2000, OF c/o Piper & Marbury Rudnick & W01fe,-"L'.l~:'P.
6225 smith Avenue, Baltimore, MD 21209-3600, (herein collectively caned
"MORTGAGOR"), to secure the payment of THREE HUNDRED SEVEN THOUSAND EIGHT
HLrNDRED DOLLARS ($307, 800.00) , with interest thereo~, as provided in and evidenced
by a promissorv note of even date herewith (the ultimate maturity date of which is the 1 st day
of November, 2013) and all renewals, modification and extensions thereof, do hereby
mortgage unto BQYD W, WILKES AND TONE R. WILiCi3$,' TRUSTEEg OF THE BOYD W.
WILKES A2~D 1ONE R. WILKES REVOCABLE TRUST Dated March 30, 1994 of P.O.
Box.13, Afton,. W~ 83 1 10 (herein called "MORTGAGLE"), the following described
reel property, situate in the County of Lincoln, State of Wyoming, hereby releasing and waving
all rights under and by virtue of the homestead exemption laws of the State of Wyoming, to-
wit:
All of the NW~SEL4 and a portion of Lot 3 of Section 28, T]6N Ri19W of the
6th P.M., Lincoln County, Wyoming and being more particularly described a~
follows:
BEGINNING at the Southwest Closing Corner of said Lot 3 and running
N 0"15'18" W, 1117.65 feet more or less, to the Southwest corner of a
parcel of proper~y surveyed for Alvin L. Robinson and Boyd Wilkes by Ross
M. Turner and filed Sept. 23, 1982 as Instrument No. 585212 in Lincoln
County Records;
thence running N 89'50'31'~ E, along the $ou=h line of last said
property, 57a.~9 feet to the Southeast corner of said Robinson
and Wilkes property, said corner found marked by a Rebar with
a~ Aluminum Cap;
thence R 0~41'02'' W, 178.82 feet, more or less, alon~ the East llne
of last said property to the North line of said Lot 3;
thence N 89~14'01'' E, along last said North line, 128.83 feet, more
or less, to a MLM type monument found marking the Northwest
Corner of said ~WSE~;
thence S 89'22'39" E, along the North line of said ~SE14, 1339.50
feet to a B~4 ty~e monument found marking the Northeast Corner
thereof;
ghence S 0"03'13" E, along the East line of said N'W~SE~, 1281.73
feet to a BLM type monument found marking the Southeast Corner
thereof;
thence S 89'47'29'' w, along the South line of said NN~SE~, 1344.79
feet to a BLS type monument found marking the Southwest Corner
thereof;
thence N 89~52'59'' W, along the South line of said Lot 3, 696.04
feet to ~he POINT OF BEGINNING.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay ell 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
ProperLy 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 fells to keep end 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 tho 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 to en entity other than,
that which is authorized by the note, without the prior written consent of the MORTGAGEE
first had and obtained, then the whole indebtedness hereby secured, with interest thereon,
shall become due and payable, at the option of MORTGAGEE, and MORTGAGEE'S legal
representatives end assigns, may proceed by advertisement and sale/or es otherwise
authorized by governing law, to foreclose on and sell the Property, and out of the proceeds
of such sale, MORTGAGEE shall pay nil 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 costs, MORTGAGE£ shall be entitled
753
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, and to all rents, issues and 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 as to parties claiming, by through or under
the MORTGAGOR only. ~/~
Witness our hands this ~ day of October, 20£
State of Maryland )
Hel
The fore§oing instrument was acknowledged before me by Marianne $chmitt thisr-~
of October, 2003.
Witness my hand and official seal.
My Commission Expires:
£0 'd
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