HomeMy WebLinkAbout898695 RECEIVED
· LINOOLN COUNTY 0LERK
8 9 8 6 9 5 2! 3:
MORTGAGE JEANNE WA( NER
NOS PE~Z ~CIA ~ BVA ~T~ TZOMPA, OF ~.O. BOX 558, vz~OR, ID
83~55, (he~e~n co~ect~ve{y c~ed "~ORTGA~08"), to secure the paV~ent o~ O~ ~D
FI~ ~OUS~ DOL~S ($157,000.00), w~th ~ntsres~h~r~on, as ~ov~ded ~ and
eu~de~ced b~ a pro~sso~ note o$ eves date he[ew~h (the u~t~ate ~atur~ date of which
is the /5'h day of ~,~) and all renewals, mod~ication and e~ensions thereof, do
hereby mo~gage u~o~Z~A, ~C. o~ 4Z50 E. 6O5 ~. P. ZG~Y, ZD, 83AA2 (herein
called "MORTGAGEE"), the following described real prope~, si~ate in the Coun~ of Lincoln,
State of Wyoming, hereby releasing and waving all rights under and by vi~ue of the
homestead exemption laws of the State of ~oming, to-w~:
Lot 38 of ~he Star Valley Ranch Plat 14, Lincoln County, Wyoming as
described on the official plat thereof.
MORTGAGOR agrees to pay the indebtedness hereby secured; to pay ali 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
Propertw 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 fails to 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 th~ 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 interes~ therein, 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, 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 co~s 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, 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, 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.
Witness our hands this /~"-~ day of March, 2004. /¢,~ ,~.~¢
State of Idaho )
County of ~ )
The foregoing i~strument was acknowledged before me by Noe Perez Garcia and Eva Zarate
Tzompa this ~[¢---'~-'-day of March, 2004. ,~S~sss
~,,? ~. '~1~ ,,
Witness my hand and official seal. ~ ~/:":: ..... ~:~
Residingin Madison Doun~ U ~~ '~. Pu~, ../
Commission Expires: 01,29.09
My Commission ~pires;