HomeMy WebLinkAbout896246 8962t 6
Kevin Branin and Vireinia Branin
Mortgagor(s), of County, State of Idah°
Nine thousand nine hundred and 00/100 Dollars ($ 9,900.00
2013 ., with interest from December 30, 2003 at the rate of
%OK 54'! 5 ! 9
RECEIVED
MORTGAGE DEED WITH ~LEASE OF HOME~-~'~ COUNTY CLERK
10 (ten) percentper
a~um payable monthly, evidenced by Promissow Note of even date herewith, in monthly ~stallment~ of One
hundred thirty dollars and 83/100 Dollars ($ 130.83 ) each, including interest,
co~enc~g on the 30th day of December , 2003, and conthuing on the same day of each month
thereaRer, do hereby mortgage and wa~ant to LEISU~ V~LEY, ~C., a Nevada Co~oration, Mortgagee, of L~coln
Count, Wyoming, the following described real prope~ in the CounW of L~co~, State of Wyo~ng:
Lot 63 of STAR VALLEY RANCH PLAT TVCENTY-ONE (21)
Mortgagor(s) agree to pay the indebtedness 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__ 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 advertisement 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) in 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 sale, 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__ 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 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 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 foreclosm'e 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 maycompel delivery thereof
by ejectment action or other civil proceedings appropriate for that purpose. Furthermore, in addition to the remedies 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). or thevalue 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 notice, notice being hereby waived and appointment of a
receiver upon such application being hereby consented to by the Mortgagor(s).
MORTGAGORS(S) HEREBY RELINQUISH__ AND WAIVE
laws of the State of Wyoming.
Dated this l~_-~ '~-b,.- day of'
MORTGAGORS:
all rights under and by virtue of the homestead exemption
,2003.
STATE OF Wh~Mt24G )
COUNTY OF DI:NCOEN )
) SS.
On this [ O~ day of ,2003, before me personally appeared Kevin Branin
and · Virginia Branin known to me to be the person(s) described in and who executed the foregoing
instrument, and. acknowledged that they ...... executed the same as their free act and deed, including the release and waiver
of the right of homestead.
WI~ESS my hand and
*
,$,~Z~. UBL'.~ ~T~ PUBLIC in and for said Coun~ and State
My cmm~ss~on exp~es /{~;~,.~o ·