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0512
WHEN RECORDED RETURN TO:
Name: R.L. Frankovic
Address: PO Box 866
Buffalo. WY 82834
RECEIVED 12/21/2004 at 10:28 AM
RECEIVING # 905404
BOOK: 575 PAGE: 512
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
MORTGAGE
Brian R. Beck and Lori A. Beck, husband and wife, Mortgagor &Alpine, County of Lincoln, State of
Wyoming, hereby mortgage to R. L. Frankovic, Trustee of the R. L. Frankovic Trust, dated September
30, 1996, Mortgagee of PO Box 866 Buffalo, WY 82834 for the sum of Seventy Two Thousand dollars and
Zero cents ($72,000.00) 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 43, Forest Meadow Subdivision, according to the official plat of record in the Office of
County Clerk, Lincoln County, Wyoming.
This mortgage is given to secure the following indebtedness: one note of even date herewith for $72,000.00 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, 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
STATE OF Wyoming
COUNTY OF Teton
On this 14th day of December, 2004, personally appeared before me, Brian R. Beck and Lori A. Beck who
acknowledged to me they executed the same.
Not~ ~ ,¢: Laurie Coe