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Home My WebLink About902629#31057(02) 902629 WI~N RECORDED RETURN TO: Name: Address: John M. and Pauline K. Schaller 604 Date Street Cody, WY 82414 RECEIVED LINCOLN COUNTY CLERK 0t: SFP - 7 ~H 10:2 2 MORTGAGE Emmett Maw and Romina Maw, husband and, ,~wife, Mortgagors of 9650 Lucerne Avenue, Culver City, CA 90232, County of ,~,~ 7q/4.~, ~/~'~j , State of California, hereby mortgage to John M. Schaller and Pauline K. Scha"ller,'Mortgagees of 604 Date Street, Cody, WY 82414 for the sum of One Hundred Thousand dollars and Zero cents ($100,000.00) the following described tract of land in Lincoln County, State of Wyoming, hereby releasing and waiving all rights under and by virtue of the homestead exemption laws of the State, to wit: Lot 703 of Lakeview Estates 4t~ Addition to the Town of Alpine, part of Lot 604C of the Lakeview Estates Incorporated Tracts A-F, Lincoln County, Wyoming as described on Plat filed June 21, 2002 as Instrument No. 881985 of the records of the Lincoln County Clerk. This mortgage is given to secure the following indebtedness: one note of even date herewith for $100,000.00 made payable at the times and place and at the rate specified in the note This mortgage is intended to cover the rents and profits of said property, and consent is hereby given after default, for the appointment of a receiver by any competent court and the receiver is hereby authorized to rent the said property and apply the proceeds on this obligation. The Mortgagors agree to keep the buildings now on said premises or hereafter erected thereon fully insured against loss by fire in some fire insurance company approved by the mortgagee, with loss, if any payable to mortgagee, during the life of this mortgage. The Mortgagors also agree to pay all taxes and assessments on said premises, including any assessments that may be levied on water rights or shares of stock used in connection herewith, or held as collateral with the above note; also any tax that may be assessed by reason of this mortgage or the debt secured thereby, and reasonable attorney's fees in case of foreclosure, or the commencement of any legal proceedings for foreclosure of the same, and said attorney's fees shall be added to the amount due on this mortgage, and made a lien on the premises described herein. In case of default in the payment of any sum covenanted to be paid, either the principal or interest when the same shall become due and payable, or in case of default in the performance of any covenant herein contained, the whole amount of this indebtedness secured herein may be immediately declared due and payable, and to bear interest at the rate of 10 percent per annum from the date of such default, and this, mortgage foreclosed at the option of the legal holder. In the event of default, ,-- 05.t 8 Mortgagors grant to Mortgagees a Power of Sale to foreclose on and sell said property as public auction pursuant to 34-4-101 et seq. Wyo. Stat., 1977, or its successor. Signed in the presence of WITNESS the hand of said Mortgagor, this Emmett Mavy day of September, 2004 Romina Mavy STATE OF California ) COUNTY OF ~-~ ~ ~'~ ) On this ~,. day of September, 2004, personally appeared before me, Emmett Mary and Romina Mary, husband and wife who acknowledged to me that he/she/they executed the same. Witness my hand and official seal. My coh~ulitsion'e'x~s ¢XOu~.c%~.~ .