HomeMy WebLinkAbout90125407/19/04 09:07 FAX 12087325719
WESTWlND ~ 003
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'" RECEIVED
I_It'tCOI._N 60UNTY CLERK
MORTGAGE
LA~CE McYOUNG AND JODIE C~ADWZCK, OF 491 COUNTY ROAD 115, ETNA,
WYOMING{ (herein collectively called "MORTGAGOR"), to secure the payment of
HUNDRED[THREE THOUSAND' EIGHT HUNDRED FOUR DOLLARS ($103, 804 . 00) , as
provided ih and evidenced by a promissory note of even date herewith (the ultimate maturity
date of w~ich is the day of , ) and all renewals, modification and extensions
thereof, d~ hereby mortgage unto ~E-STWIND HOMES of 3900 HIGH DESERT PARKWAY,
SIr,ER, ::D 83328 (herein called "MORTGAGEE"), the following described real property,
situate in the County of Lincoln, State'of Wyoming, hereby releasing and waving all rights
under and by virtue of the homestead exemption laws of the State of Wyoming, to-wit'.
A ~raet of land which is part oX the SEMSW~ of Section 23, T35N
Ri19W of the 6Eh P.M., Lincoln County, Wyoming, the boundaries
th~_reof being more particularly described as follows:
BE]INNING au point which is N 89047'30'' W, a distance of 2642.38
fe~t, more or leas, from' the So%ltheast corner of said Section 23 and
fuming thence N 89~48'10" W, along County righh-of-way boundary a
distance of 208.71 feet; thence N 000'50'' E, a disEance of 20~.71
fe ~t; thence 'S 89°48'10" E, a distance of 208.71 feet; thence
s ~50', W, a distance of 208.31 feet ~o the POINT OF BEGINNING.
M( RTGAGOR agrees to pay the indebtedness hereby secured; to pay all taxes,
assessme ~ts 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~arriers acceptable to MORTGAGEE, covering the insurance improvements on the
Property a[gainst loss by fire and earthquakes, with extended coverage, in an amount not less
than the u~npaid balance of the debt hereby secured, or the insurable value (replacement cost)
of such in~provements whichever is less, which insurance shall contain an appropriate loss
payable prDvision protecting MORTGAGOR and MORTGAGEE as their respective interests may
appear fro
or fails to
taxes and
be added
at the san
the paym~
shall beco
thereof, o
any intere
obtained,
due and p~
assigns, n
to foreclo:
pay all su
fees, If t~
secured a
m time to time. In the event MORTGAGOR fails to pay such taxes or assessments,
(oep and maintain such insurance as herein provided, MORTGAGEE may pay such
assessments and may secure and pay for such insurance, and all sums so paid shall
o and considered a part of the indebtedness hereby secured and shall draw interest
~e rate.
:ese default shall be made in the payment of the above ~urns hereby secured, or in
,nt of the interest thereon, or any part of such principal or interesL when the same
~ne due; or in case of default shall be made in any of the covenants and agreements
· in the event MORTGAGOR sells or conveys the Property, or any part thereof, or
st therein, without the prior written consent of the MORTGAGEE first had and
then the whole indebtedness hereby secured, with interest thereon, shall become
wable, atthe option of MORTGAGEE, and MORTGAGEE'S legal representatives and
~ay proceed by advertisement and sale/or as otherwise authorized by governing law,
;e on and sell the Property, and out of the proceeds of such sale, MORTGAGEE shall
'ns due hereunder, together .with all costs of sale including reasonable attorney's
e proceeds of the foreclosure sale are insufficient to pay the indebtedness hereby
bd fore6losure costs, MORTGAGEE shall be entitled to a deficiency judgment.
07/19/04 09:08 FAX 12087325719 WESTWIND ~004
In the event of any .default whe. reby the right of foreclosure occurs hereunder,
MORTGAGEE shall at once become entitled to exclusive possession, use and enjoyment of Lhe
Property, and to all rents, Issues and profits from the accruing of any such rights and during
the pendency of the foreclosure proceedings, end the period of redemption, if any there be.
Witness our hands this /~ d~y of July, 2004,
State of Wyoming )
)ss
County of Lincoln )
The foregoing in,~tr~ent was acknowledged before me by Lance McYoung and Jodie
Charwiok this _~(~c/~ day of July, 2004.
Witness my hand and official seal.
My Commission Expires:
Notary Public
~M Teton ~ W ominO