HomeMy WebLinkAbout900240FileNo. 30569 (04)
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Three Ri~ers Development, nc., a Wyoming Corporation
Mortgagor of Alpine,
RECEIVED
I_INCOI_N COUNTY OLERI<
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County of LincoLn, State of Wyoming, hereby mortgage to
Russell J. Asbell and Penny L.' Asbell, husband and wife
Mortgagee of Jackson, Cou~.ty ~f Teton, State of Wyoming
for the sum of $115,000.00 (O~:,e Hundred-Fifteen Thousand dollars)
the following described trace of land in Lincoln County, State of Wyoming, hereby releasing and waiving
all rights under and by virtut: of the homestead exemption laws of the State, to w~t:
Lot 301 River View Meadows Third Addition to the Town of Alpine, within the Sell4 of Section 30.
T37N, R11 gW, according '~c that plat filed January 21, 1994, Instrument No. 777657.
This mortgage is given to se:tu:e the following indebtedness: one note of even date herewith for
$115,000.00, made payable at the times and place and at the rate specified in the note
This mortg'~ge is intended to cover 'hc rents and profits of said property, and cong:nt is hereby given oiler defanlh for the appointment of
a receiver by any competeor court ant thc receiver h hereby authorized to rent the said propcn~y and apply the process on this obligation.
Thc MortgagorS agree m keep ~he buildings now on said pr~vaises or herealler erected thcrcon fully insured against loss by fire in some
fire insur, mce company approved by' he mortgagee, with losS, if any payable zo mortgagee, during ~hc life of this mortgage,
The Mortgagora also a~ee to pay a I re×es and ~scssmcnts on said premises, including any assc, ssments thai may be l-vied on water
r/ghts or shares of stock used in connection herewith, or held as collateral with the above eom; also any tax thai may be assessed by reason
of this mortgage or the debt s¢~ured inert:by, and reasonable attom~'s fees in ca~e ofl'or~cio~ure, or the comm~mc ~em, er~t of,,'~y legal
proeegdings for foreclosure of the saree, lind said attorney's fae~ shall be added to the amount due on thin mortgage, and made I~ lien on the
premises described herein. In ease of,tef,,uk in the payment of;my sum covenanted to be paid. either the principal or intere~l when the
same shall become due and parle, ar in case of default in the performance of any covenanl herein contained, the whole amount of thi~
indebledne~s secured herein may be i nm~diately declared due and payable, and to bea~ in£er¢~t at the rate of I 0 percent per a~nttm from
thc date of such default, and this. mc~tgtge foreclosed at the option of thc legal holder, In the event of default, Morlgagor~ grant to
Morggagccs a Power of Sale to foreclose on and sell ~aid properq/as public auction pum~u~t to ~4-4-101 et ~eq. Wyo. Stat.. 1977. or lu
successor. /~~y~
WITNESS the hand of said mortgagor, this A-D. 2004
~.~~--~ ~ ~_~lThree Rivem Development, Inc.
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