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M'ORTGAGE
JAKE LONG and BOBBLE LONG, Husband and Wife, mortgagors, of Etna,
Lincoln County, Wyoining, to secure the payment of Five Thousand, Eight Hundred
Dollars ($5,800.00) due with interest thereon at the rate of Eight point zero percent
(8.0%) per year (said sum and the interest thereon, being refmTed to as the indebtedness),
payable in accordance with the provisions of that certain promissory note, dated October
16, .2003, 2003, hereby mortgage and warrant to Lance Bateman, or his heirs or assigns,
mortgagee, of Etna, Lincoln County, Wyoming to-wit:
The Long property as relented to in the Deed recorded in Book 517PR, on Page 064 and a
portion of the Perkins property as referred to in the Deed recorded in Book 513PR, on
Page 562, all with the Office of the Clerk of Lincolu County, Wyoming, within the
SE1/4SWI/4 of Section 3, T35N, RI 19W, of the 6th P.M., Lincoln County, Wyoming,
the metes and bounds being more particularly described as follows:
BEGINNING at the B.L.M. type Monument marking the Lloyd B. Baker PE/LS 698,
1994 location for the Northeast Corner of said SE 1/4SWI/4; thence S 1 °28'06"W, along
the East line of said SEi/4SWI/4, 522.82 feet to an Alulninum Cap on an h'on Pipe;
thence N89 3. 26 W, parallel with the North line of said SEI/4SW1/4~ ')$0 00 feet to an
Aluminum Cap on an Iron Pipe; thence NI°28'06"E, parallel with said East line, 522.82
feet to an Iron Pil)~ lnarking a
point iii the North fine of said SEI/4SW l/4; thence S89°3.3'26"E, along said North line,
250.00 feet, to the Point of Beginning, containing 3.000 Acres of land.
SUBJECT TO: A 30 feet wide Right-of-Way Easement, along the North line of the above
described Subdivision, for Cremnery County Road 12-11 I, as referred to iii the Right-of-
Way recorded in Book 167PR, on Page 681.
TOGETItER. WITH: a 20 feet xvide Right of Way Easement along the East Line of the
SEI/4SWI/4 being East 20 feet along the 896.46 feet of said SEI/4SWI/4, for the
construction and maintenance of an In'igation Pipeline.
TOGETllEIL WITH and SUBJECT TO: All Easements', Exceptions, Reservations,
Restrictions, Rights-of-Way and hnprovements of sight and or record.
If default occurs in the payment of the indebtedness or in the payment of any
in3tallment thereof, or ifdefimlt occurs in any of the covenants and agreements hereot;
then the xvbole indebtedness shall, at mo~tgagee's option, become due and payable
forthwith, and mortgagee may foreclose this mortgage either by advertisement and sale of
the premises as provided by statute, or by an action in equity. Out of the proceeds of any
Mortgage
· Jake anti :::}}:i!:~ii!'i'i:'e Long
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foreclosure sale, 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 of tile
indebtedness relnaining unl3.aid at the time of such sate, the same to be.taxed as costs itl
any equitable action brought to foreclose this mortgage.
To fully assure mortgagee the benefit of the security iuterests in the premises
grained to it hereunder, mortgagors hereby assign to mortgagee all rents hereafter payable
for the use and occupancy of the premises by an person in possession thereof with
mortgagors' consent. If defimlt occurs in any of the covenants and agreements herein
coutained, whether or not mortgagee elects to foreclose Ihis mortgage on account thereof,
mortgagee shall at once be entitled, and is hereby authorized, to collect the rents fi-om the
premises and to apply the same to the payment of tim indebtedness secured hereby nntil
such default is remedied.
In the event of lbreclosure of this mortgage upon default, mortgagee shall be
entitled to the possession and enjoyment of tim prelnises and the incident renl's, issues,
and profits thereof from tile time of such default and [hr and during tile pendency of
foreclosure proceedings aud the period of redemptiOn, if any. If mortgagors should fail to
surrender such possession to mortgagee promptly upon its request therefore, mortgagee
may compel delivery thereof by an ejectment action or other civil proceeding appropriate
to Ihat purpose.
Furthermore and in addition to tlie remedies otherwise provided roi' in this
mortgage and by law, and as a matter of right, without rcgard to tile solvency or
insolvency of mortgagors, the value of the premises, or tim sufficiency thereof to
discharge the indebtedness and cOsts of foreclosure and sale, mortgagee shall be entitled
to a receiver for the prernises and the rents, issues and profits thereof fi'om the time of
del'quit to the expiration of any redemptive period PrOvided by laxv. Such receiver may
be appointed by any court of Competent jui'isdiction upon ex parte application, without
Mortgage
Jake and Bobbie Long
Page 2 of 3
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notice, notice being hereby waived and the appointment of a receiver upon such
application being hereby consented to by mortgagors.
Hereby releasing and ,aiving all riglits under and by virtue of the homestead
exemption laws of the State of Wyoming.
WITNESS our hands this ~t,!
day of October, 2003.
JAKE/LO~N6- ~//
BOBBIE LONG
STATE OF WYOMING )
COUNTY OF LINC-~::gL--N v/, )
The foregoing instrument was acknowledged before me this
October, 2003 by JAKE LONG and BOBBLE LONG, Husband and Wife.
day of
NOTARY PUBLIC
My Commission Expires: ~. c~9,~5
County of j~.~,.,'~ State of
Teton ~ VVyoming_ I
mission Expires ,August 20, 2006
Mortgage
Jake and Bobble Long
Page 3 of 3
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