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MORTGAGE DEED WITH R_EL I,;A SE OF HOMESTEAD
Earl W. Hall~ Jr. and Lynda Lee Hall, Mortgagor(s), of Sacramento County, State of California to secure payment of
twelve thousand one hundred fifty and no/100 Dollars ($12,150.0(I) duc October 1, 2014 with interest from September 9,
2004 at the rate often per cent per annum payable monthly, evidenccd by Promissory Note of even date herewith, in monthly
installments of one hundred sixty and 56/100 Dollars ($160.56) each, including interest, commencing on the 1st day of
November, 2004 and continuing on the same day of each month thereafter, do(es) hereby mortgage and warrant to
LEISURE VALLEY, INC., a Nevada Corporation, Mortgagee, of l in ct)l n County, Wyoming, the following described real
property in the County of Lincoln, State of Wyoming:
Star Valley Ranch RV Park Plat 2 Lot 622
Mortgagor(s) agree(s) to pay the indebtedness according to the terms ,~,d conditions of that certain Promissory Note hereinabove
described, executed by Mortgagor(s) to Leisure Valley, Inc., and during the Ii lc ~}l'thi s mortgage to pay all taxes and assessments against the
premises. If Mortgagor(s)fail(s)topay such taxes or assessments, Mortgagee may pay the same, and all sums paid by Mortgagee for such
purpose shall be added to and considered as a part of the indebtedness and sh~tll draxv interest at the same rate.
If default occurs in the payment of the indebtedness or ~n the p.ayment ~ ,~ a %' installment thereof, or if default occurs in any of the
covenants and agreements hereof or under the aforesaid Promissory Not~., Ilion the whole indebtedness shall, at Mortgagee's option,
become due and payable forthwith, and Mortgagee may foreclose this m,,~ age either by advertisement and sale of the premises as
provided by the statutes of the State of Wyoming, orby an action in equity. '1 'h is will be Mortgagee's sole remedy against Mortgagor(s) in
case of default by Mortgagor(s). Out of the proceeds of any foreclosure the ~ I ~lg,tgee shall retain or receive all sums due to it hereunder
and costs of foreclosure and sale, including attorney fees in an amount equal h, Ten Percent (10%) of the indebtedness remaining unpaid at
the time of such sale, and the same shall be taxed as costs in any equitable act io v. brought to foreclose this mortgage.
To fully assure Mortgagee the benefits of the security interest in the prem,,'s granted to it hereunder, Mortgagor(s) hereby assign(s) to
Mortgagee all rents hereafter payable for the use and occupancy of the prc~,scs by any person in possession thereof with Mortgagor's
consent. If default occurs in any of the covenants and agreements hereincom.tmcd or under the aforesaidPromissoryNote, whether or not
Mortgagee elects to foreclose this mortgage on account thereof, Mortgagor(s) hot d)y authorize(s) Mortgagee to collect the rents from the
premises and to apply the same to the payments on the indebtedness securcJ hc~cby until such default is remedied.
In the event of foreclosure of this mortgage upon default, Mortgagee shull I~c entitled to the possession and enjoyment of the premises
and rents and profits thereof from the time of such default and during the pcn&'m3- of foreclosure proceedings and period of redemption, if
any. If Mortgagor(s) shall fail to surrender such possession to Mortgagee I'~mptly upon its request therefor, Mortgagee may compel
delivery thereof by ejectment action or other civil proceedings appropriate it ,i that purpose. Furthermore, in addition to the remedies
otherwise provided for in this mortgage and by law and as a matter of right xx ~tht)ut regard to the solvency or insolvency of Mortgagor(s),
the value of the premises or the insufficiency thereof to discharge the indebt c~ln cs s an d costs of foreclosure and sale, Mortgagee shall be
entitled to receive from the premises the rents, issues and profits thereof from ~l ~c ti me of default to the expiration of any redemptive period
provided by law. A receiver may be appointed by any court of competent jut isdiction upon ex parte application without notice, notice
being hereby waived and appointment ofa~ receiver upon such application l,c.i~ ~g hereby consented to by the Mortgagor(s).
MORTGAGOR(S) HEREBY RELINQUISH(ES) AND WAIVI ': I!S) all rights under and by virtue of the homestead
exemption laws of the State of Wyoming.
Dated this 9th day of September, 2004
STATE OF WYOMING )
)
COUNTY OF LINCOLN )
SS.
MORTGAGOR(S):
On this 9th day of September, 2004 before me personally appeared l!arl W. Hall, Jr. and Lynda Lee Hall known to me to
be the person(s) described in and who executed the foregoing instrum~.m, and acknowledged that they executed the same as
their free act and deed, including the release and waiver of the right t~l' h{~mestead.
WITNESS my hand and seal.
NOTARY PUBI It' '~ and ~r said County and State
My commission expires
RECEIVED 11/29/2004 at 4:42 PM
RECEIVING # 904853
BOOK: 573 PAGE: 585
EANNE WAGNER
LINC NTY CLERK, KEMMERER WY