HomeMy WebLinkAbout903960 ~'~O~-IVED
LI,',I :~, ,W COUNTy CLERK
903960
MORTGAG:E ;~:T ~0 F;I'{ 3:0~ '
GERALD RICHARD SYLVAIN AND JUDITH I[_,E~'~'~[:.~;~,RTRUSTEES OF THE
~[~IN F~ILY TRUST DATED APRIL 28~ 2~04' ¥~.~2~6'~.~'~ON AVENUE, LAS
, NV 89102, (he~e~n co~eofivs[y
TWENTY ONE THOUSAND DOLLARS ( $21,000.00 )
evidenced by ~ p~o~[sso~V no~e of even ~a~s 6e~e~h (fl~e ~fi~a~e ~a~H~V da~e of ~h
is ~be ~ ST day of OCTO~KR, 2007~
he~ebV ~o~tgage ~,~o RICH~D D. L~SON ~D ~/IRBARA A. LARSON of P.O. BOX
1501 KENAI, ALAS~ 99611(be~e~n
property, situate in the County of Lincoln, State of Wy(')ming, hereby releasing and waving all
rights under and by virtue of the homestead exempti(m laws of the. State of Wyoming, to-wit:
Lot 81 of Star Valley Ranch Plat 1'7, Lincoln County, Nyoming as
describe on the official plat therefor.
MORTGAGOR agrees to pay the indebtedF, ess hereby secured; to pay all 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, coveri~fj the insuwa'nce improvements on the
Property against loss by fire and earthquakes, with exlended coverage, in an amount not less
than the unpaid balance of the debt hereby secured, ~ 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 MORTGAGOa 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 m~(:h insurance, and all sums so paid shall
be added to and considered a part of the indebtednes~ hereby secured and shall draw interest
at the same rate.
In case default shall be made in the payment of ~he above sums hereby secured, or in
the payment of the interest thereon, or any part of s~,:h 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 interest therein, without the prior written consent of the ~ORTGAGEE first had and
obtained, then the whol'e 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 p~oceeds of such sale, MORTGAGEE shall
pay all sums due hereunder, together with all costs of sale including reasonable attorney's
fees. If the proceeds of the foreclosure sale are ins,~ficient to pay the indebtedness hereby
secured and foreclosure costs, MORTGAGEE shall tm entitled to a deficiency judgment.
In the event of any default whereby the ~ight 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.
MORTGAGOR warrants title to the Property as ~o parties claiming, by through or under
the MORTGAGOR only.
Witness our hands this ~ .--~ day of October, 2004.
Gerald Ric, hard Sylvain, ~-rlrus~ee
· '" Judith Hiegef-~ylvian, Trustee
State of Nevada )
)ss
County of Clark )
The foregoing instrumen;t.~xvas acknowledged before
Hiegel Sylvain this 'l-~rt~t day of October, 2004.
Witness my hand and official seal.
jrj~'~i~;;~ Notary rublic- N,vad,t
~~J No. 92-3724.1 {
~~ o..,..p_ _ ~ :J""~ ~, ~0~I
My Commission Expires: I [I ~ [0.5
~'~e by Gerald Richard Sylvain and Judith
Notary Public