HomeMy WebLinkAbout875299 i ORTG "'E
KNOW ALL MEN BY THESE PRESENTS, That JON D
harein dasignat~d as Mortgagor, of ~ P~ OF S~XON 2~/F32~,Rll~,C~ll P-H- , County of
L~CO~ , State of ~~ , to secure the payment of the principal
sum of S~ ~0 ~~ ~T~ ~ ~/[00
with iaterest as eHdenced by a promissory note dated
' ~ ~T~D S~ ~IT ~ION
P 0 ~X 912 '
~AT~ ID 832~
hereinafter designated Mortgagee, principal and
interest payable in 180 installm.ents of $ 719.70 each. on the LAST d 'v of each
month, beginning on the AUGUST day of 31, 2001 19, , each Installment to h.~. applied
first to interest, and the balance to be applied to priaeipal, any balance of principal or interest remaJ,,i.~g unpaid ·
shall be due with the JULY 31,2016 installment on ,
hereby mortgages to said Mortgagee, the following-described real estate, situated In LINCOI_Iq
County, State of Wyoming, to wit:
The land rclbrred to in this policy is described in said instrument, is situated in the County of LincohL State of
Wyomh~g and is identified as tbllows:
Begimdng at a point which bears NO degrees 32'55"E, a distance of 80 that measured (3 rods of record) ti'om the
Northwest Comer of Section 25, Township 32 'North, Rmtge 119 'West, 6~l' P.M., Wyoming said point being on South
Bank of Swift Creek, thence SO degrees 32'55'W, a distmtce of 80 ti:et to the Northwest Comer or Section 25, thence
S00 degrees, 15'22"W, along said West line of Section 25, a distance of 386.45 feet, thence 889 degrees 44'38"E, a
distance of 330.0 t~et, thence NO degrees 15'22"E, a distance et' 322.0 li~et, more or less to the South bank of Swift
Creek, thence Northwesterly along the South bank of SwiR Creek to the point of beginning.
Mortgagors agree to pay thq indebtedness aeeorcl.t~zg t;o the terms o~ said prornl-saory note, and, du~Lng the life of this'
ither hazards in a aum.nqt, le~a ~har~. . (~;_72. t ,0 0 0-' _0.,0. ) by' such Lrmuranee aa mortgagee may ap-
rove~ ~lth th.e pro, ceeas ynereo3 roaae payable T~ mortgagee. If xnortgagor~ ~eil to pay auet~ taxes or assessmen~ or iai1 to
;ee~ toe prem~,es.lr~, urecj.,.m.a.r~gag%e may, pay .the same .ari4 may inspire the pro.~lses, and all slJ.~ p~Ad by mortgagee for
ucn purposes s~all De ac~c%e& lie anl~ considered as a pnr~ of the Indebtedness and shall cl~aw l~terest mt the same rate.
H de.i.a, ult occurs .hi th~. payment oI the indebtedness or in the payment st avy Installment the:eel, or ii default
n la~,y, oZ._Ul.e, co.y. enanta, anti .aKreernents h~ereo~, the~ tile wh. ole ind. ebtedness shal,l~ at mortgagee's opt. ion, become due and
;pyapl. e xo.rt.riv~, i:rz. a. nci morl;,l~age.e may. xor~lo, ae~ t. hla znortga, ge .either .1~y aclvert,eement I~ld sale of the premises as pro-
dl sums sue to it hereunder, and co~is o~ loreclosure a~cl 'sale, inaludlng attorney fees in an amount equ~l to ten percent
d the Lndehtedness remaining unpaid at the time el ach s~le, the same to. be t~xed a~ coats in any equitable action
,fought to toreelose thi- moitgmge. ·. . . · ·
To.tully assure mortgagee the ben'~it 'el f~e security interest l~ the p~emises l~rantecl, to it hereunder, znortgagora
xer~.by assign.to mortgagee all ,rents here ~a~.te.r. pay. pble for .the use and occupa~cy-.of the lp~emi~a by any pe~on i~ pos-
msslgla lhereox with mortgagors' coneeot- l: aer~uzt occttrs ~n any o£ the' covena~ita and ngreernertts herei~' eontained~
vh.ether or not .n~or_tgagee elects to foreclose _t~ls ntort, ga~e on aeeotl.~t tl~_ereot mortgagee shall at once be entitled, and
s' hereby auth0r~zed, to collect the rents item the premises and to apply the same to the pal~nent of the indebtedness
:ttrecl hereby until such de/dull ~s renibdted. ' ' '
In the e~% of £o~eelosura of this mortgage upon default, mortgagee shall be entitled to the l~OSSesston and enlpyment
~f the prer~l~e~ and th~ incident ~ents, ferules, ~n~[ lprofit~, thereof from the time of aueh dafaul~ ancl ior anti dur~n.g the
aen~leney' of £ore~losu~e pro¢6~dings and the period o~. redemption, ii u~r. I£ mo~.t~.a.~.ors sh?.uLlCt iai_ ~. to surr,en~o-~ s~.en
lassies to 'mortgagee promptly upon its request th~rexeS mortgagee may .~ompei aell~.ery mereov_.py an. e]ec~,men~ m~.u.o~
)r other civil proceeding approl~rlate to that purpose, J~rthermore, an~. m .~,ddltion to ihs ,:rem.eodes o~eI~vla, e
lot in thLs mortgage and by law, and afl a matter ox .r, ig,ht, without regarct to me s.qlve~.ey ~r~ lnso. ivency 'o~, mo, rtga4~o.rs, Ine
ralue of fl~e l~r=rrus~s, or 'd~ Sutflclzncy ~hereol~ to axscnarge.~he ~debtedn~ss ~a cost~ ox xo~ec~o~e ~na ~alg~ mortgagee
ihall be entitled to a recaller for the premises and the rents, issues and pxofits thereof ~om ~e time o{ default to ~e ex-
p~y of any re~emp~ive period provided by law. Such receiver may be appo~ted by ~y court of coxnpetent
lpon ex parte appHeatio~ wi~out noUce, notice bel~ hereby w~ved.and the appoin~ent of .a receiver upon such ~ppU-
ration being hereby aonsented to by mortgag9~. ' '.
Hereby releasing and waiv~g all rights under ~d by v~ue of the homestea~ exemption laws of the State Of Wyo-
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