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HomeMy WebLinkAbout9057992004 5:40P~ LAf~CASTEF' LAW OFFICES F'.C:. MORTGAGE DEED WITH RELEASE__OF HOME$TEAD -°8Z5 , IRBY HAYDON, of 22939 Akwo Circle, Wildomar, CA 92595, to secure the paymen! of Fifty Thousand Dollars and .00/100 ($50,000.00), with interest from January 10, 2005, at the rate of Six Percent (6%) per annum, payable monthly in accordance with the terms of a certain Promissory Note dated January 4, 2005 evidencing said indebtedness, do hereby mortgage to LarW Schleffer, Trustee of the Schieffer Electric Inc. Profit Sharing Plan. of 342 OIRSI Rd.. Oakdale, CA 95361, the following described real estate, situated in the County of L~ncoln, n the State of Wyoming, T27N R119W of the 6~ P.M. Lincoln County, WyominG, Section 18: E%SWV, SE¼; E¼W%SW¼SE¼: Section 19: E'!/~NWY~NE¼; EY~W¼NW¼NE¼ TOGETHER WITH all improvements, appurtenances, hereditaments and all other things thereuni[o belonging or in anywise appertaining. SUBJECT, HOWEVER, to all easements, rights-of-ways, reservations, restrictions conditions of record and existing or future oil and gas and/or other mineral leases, or ex~st~ng mining, mineral and other reservations, now of record, or otherwise affecting said lands. The Mortgagor agrees to pay the Jr~debtedness hereby secured, and f:O pay all taxes and assessments on said premises and to keep the buildings thereon Insured in a sum no! less than the unpaid balance due hereunder during the life of this Mortgage, in favor of and payable to the Mortgagee, and in case the Mortgagor sl~al! fail to pay such [axes and assessments and to keep the premises insured, as aforesaid, the Mortgagee may nsure said buildings and pay said taxes and assessments, and all sums so paid shall be added zo and considered as a part of the above ndebtedness hereby secured, and shall draw Interest at the same rate. In case default shall be made In the payment of the above sum hereby secured, or in the payment of the interest thereon or any part of such principal or interesL when the ~ame shall become due, or in case default shall be made in any of [he covenants and agreements hereof, then the whole indebtedness hereby secured with the interest thereon shall become due and payable, and the Mortgagee, their legal representatives or assigns may proceed to foreclose this Modgage by advertisement and sale of Lhe above-described premises, at public vendue, for cash, according to Wyorning Statutes governing mortgage foreclosures, and out of the proceeds of such sale he shall pay all sums due hereunder, together with all COSTS Of sale and foreclosure, including reasonable attorneys' fees. OFFICES P.C- t4(,.ESE, I P. '§'23 HEREBY relinquishing and waiving all rights under and by virtue of the homestead exemption laws of said state. IN WI"~..~SS WHEREOF, the .Mortgagor has caused these presents to be signed this 2 th , . STATE OF CALIFORNIA ) OOUNTY OF ) Yhe foregoing instrument was acknowledged before me by IRBY HAYBON, this __ day of January, 2005, WITNESS ITly hand and official seal. Notary Public tl 2 CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT STATE OF CALI~RNJA ,~' ._ / ~SS COUNTY OF personally known to me (or proved to me~ on the basis ,4f atisfact~o, y ' ) p and acknowledged to me thee/they executed the same ~er/their authorized capacity(les) and that bl~Cher/their signature(s) on the instrument the person(s) or~3~/'03~pon behalf of which the person(s) acted, executed the instrument. / xqx'9 // ' / / ] .4'/"~Tk,"V~ Commission # 1412841 · This area for official notarial seal. ~ O~IONAL ~ough fie infortnation below ts not required by la~, it may prove valuable to persons reOing on the document and could prevent fraudulent removal and reanachment of this form Io another document. DESCRIPTION OF ATTACHED DOCUMENT Title or Type of Document: Document Date: Number of Pages: Signer(s) other than named above CAPACITY(ILS) CLAIMED BY SIGNER(S) [ ] INDIVIDUAL ] CORPORATE OFFICER(S) TITLE(S) ] PARTNER(S)-[ ] LIMITED [ I GENERAL [ ] ATTORNEY-IN-FACT [ ] TRUSTEE(S) ] aUARDt~N OR CONSERVATOR [ ] OTHER SIGNER IS REPRESENTING: Right Thumbprint of Signer Top of thumb here [ ] [ ] [ ] [ ] ] ] ] INDIVIDUAL CORPORATE OFFICER(S) TITLE(S) PARNER(S)- [ ] LIMITED [ ] GENERAL ATTORNEY-IN-FACT TRUSTEE(S) GUARDIAN OR CONSERVATOR OTHER Right Thumbprint of Signer Top of thumb here