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HomeMy WebLinkAbout907272 RECEIVED 3/28/2005 at 10:39 AM RECEIVING # 907272 BOOK: 581 PAGE: 511 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY MOR TGA GE 00511 KNOIV~4[.T.MENBY THESE PRESENTS, that RANDY J. THOMPSON and HEATHER L. THOMPSON, husband and wife, of 505 Twin Cliffs Road, Afton, County of Lincoln, State of Wyoming, 83110, (hereafter Mortgagor), hereby secure the payment of the principal sum of one hundred thirty five thousand ($135,000.00) dollars plus interest in the amount of 6%, as evidenced by a Promissory Note dated of even date herewith, to the order of THE LaMONT R. MERRITT REVOCABLE FAMILY TRUST, dated September 10, 1997, LaMONT MERRITT, Trustee, (hereafter Mortgagee), to be paid as follows: 1. The mortgagor shall pay to the mortgagee the principal sum of one hundred thirty five thousand ($135,000.00) dollars to be amortized over fifteen (15) years at 6% interest on the unpaid balance. 2. The principal and interest shall be paid and applied pursuant to the Amortization Schedule attached as "Exhibit A" made part of this document by reference and incorporation. The estimated payments being one thousand one hundred thirty nine dollars and twenty one cents ($1,139.21) and the last payment, if all payments are made when due, being one thousand one hundred thirty eight dollars and thirty three cents ($1,138.33). 3. The first payment is due on April 15th, 2005, and each consecutive payment is due on the 15th day of each month thereafter. 4. Mortgagor may prepay the principal amount in whole or in part at any time without penalty. Any partial prepayment shall be applied against the principal amount outstanding and shall, not postpone the due date of any subsequent installments or Page I of 7 change the amount of such installments, unless the mortgagee shall othenNise agree in writing. 5. If any payment is made more than 10 days after the date due the mortgagor shall pay an additional fifty dollars ($50.00) in the form of a late payment charge. 6. Any and all terms of the promissory note of even date are herein incorporated and made part of by reference as if fully set forth herein. MORTGAGEE hereby mortgages to mortgagor, the following described real estate, situated in the County of Lincoln, State of Wyoming: Lot 10 of Twin Cliff Subdivision, Lincoln County, Wyoming, as described on the official plat filed December 7, 1990 as Instrument No. 726579 of The records of the Lincoln County Clerk. Mortgagee hereby relinquishes and waives all rights under and by virtue of the homestead laws of the State of Wyoming and covenants that it is lawfully seized of the premises, that they are free from all encumbrances and hereby covenants to warrant and defend the title of the premises against the lawful claims of all persons whomsoever. MORTGAGOR covenants with mortgagee as follows: 1. In case of default in any of the payments stipulated in the note, mortgagee, as further security for this mortgage and the note secured thereby, hereby assigns, sets over, and conveys to mortgagor all rents, issues, and profits from the property. Page 2 of 7 u!05!3 To pay promptly, when due, the principal and interest and other sums of money provided for in said Note and this Mortgage, or either; to pay all and singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said property. 3. To perform comply with and abide by each and every the agreements, stipulations, conditions, and covenants, set forth in said Note and this Mortgage or either. 4. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said Note or the Mortgage accrued or thereafter accruing. 5. Nothing shall be done on or in connection with the property that may impair mortgagee's security hereunder; mortgagor will commit, permit to suffer no waste, impairment or deterioration of the property nor any part thereof, and the property shall be continuously maintained in good and sightly order repair, and condition by mortgagee at his expense. 6. Mortgagee and mortgagor agree that there are no insurable improvements on the property. Therefore, mortgagor is not required to carry insurance on the premises. 7. In case mortgagor defaults in the payment of ground rents, if any, taxes, assessments, water or other governmental or municipal charges, or other lawful charges as herein provided, mortgagee may without notice or demand, pay the same and in case of any failure on the part of mortgagor to comply with the covenants of Paragraph 5 hereof, mortgagee may effect such repairs as it may reasonable deem Page 3 of 7 necessary to protect the property, at the expense of mortgagor. Mortgagor shall repay such sums so paid and ail expenses so incurred by mortgagee, with interest thereon from the date of payment, at six percent (6%) per annum, and the same shall be a lien on the premises and be secured by the note and by these presents; in default of making such repayments the whole amount hereby secured if not then due shall, if mortgagee so elects, become due and payable forthwith, anything herein contained to the contrary notwithstanding. 8. In the event the property is sold under foreclosure and the proceeds are insufficient to pay the total indebtedness secured hereby, mortgagor binds itself personally to pay the unpaid balance, and mortgagee will be entitled to a deficiency judgment. 9. In case default is made in the payment, when due, of the indebtedness hereby secured, or of any installment thereof or any part thereof, or in case of breach of any covenant or agreement herein contained, the whole of the then indebtedness secured hereby, inclusive of principal, interest, arrearages, ground rents, if any, taxes, assessments, water charges, expenditures for repairs or maintenance, together with all other sums payable pursuant to the provisions hereof, shall become immediately due and payable, at the option of mortgagee, although the period above limited for the payment thereof may not have expired, anything herein before or in the note contained to the contrary notwithstanding; any failure to exercise such option shall not constitute a waiver of the right to exercise the same at any other time; and it shall be lawful for mortgagee to proceed to enforce the provisions of this mortgage either by suit at law or in equity, as it may elect, or to foreclose this mortgage by advertisement and sale of the Page 4 of 7 :i?05!5 premises, at public auction for cash, accordin~l to WyominG Statutes §overninG mort§a~le foreclosures, and cause to be executed and delivered to the purchaser or purchasers at any such sale a Good and sufficient deed or deeds of conveyance of the property so sold, and to apply the net proceeds arising from such sale first to the payment of the costs and expenses of such foreclosure and sale, includin§ reasonable attorney fees, and in payment of all money expended or advanced by mort§a§or pursuant to the provisions of Para§raph 7 hereof, and then to the payment of the balance due on account of the principal indebtedness secured hereby, together with interest thereon and the surplus if any, shall be paid by mortGa§or on demand to mort§a§ee. In case mortGa§ee fails promptly to foreclose on the happening of any default, it shall not thereby be prejudiced in its right to foreclosure at any time thereafter during which such default continues, and shall not be prejudiced in its foreclosure rights in case of further default. '10. In case of any default whereby the right of foreclosure occurs hereunder, mortGaGee shall at once become entitled to exclusive possession, use, and enjoyment of all property, and to all rents, issues, and profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and the period of redemption, if there is any; and such possession, rents, issues, and profits shall at once be delivered to mortGaGee on request, and on refusal, the delivery of such possession, rents, issues, and profits may be enforced by mortGaGee by any appropriate civil suit or proceedinG, including action or actions in ejectment, or forceable entry, or unlawful detainer; and mortGaGee shall be entitled to a receiver for the property and all rents, issues, and profits thereof, after any such default, includinG the time covered by Page 5 of 7 505! 6 foreclosure proceedings and the period of redemption, if there is any, and shall be entitled thereto as a matter of right without regard to the solvency or insolvency of mortgagor or the then owner of the property, and without regard to the value of the property of the sufficiency thereof to discharge the mortgage debt and foreclosure costs, fees and expenses, and such receiver may be appointed by any court of competent jurisdiction on ex parte application and without notice (notice bein9 hereby expressly waiver, and the appointment of any such receiver on any such application without notice bein9 hereby consented to by mortgagor on mortgagor's own behalf), and all rents, issues, profits, income, and revenue of the property shall be applied by such receiver, accordin9 to law and the orders and directions of the court. '1 '~. Mortgagor may not convey or transfer any interest in or encumber the described premises without the prior written consent of the mortgagee. Mortga§or must §ire mort§agee written notice of mortga§or's intent to convey or transfer any interest in or to encumber the described premises at least thirty (30) days prior to the proposed conveyance or encumbrance. If Ell or any part of the described premises or an interest therein is sold, transferred or encumbered by mortgagor without mortgagee's prior written consent, excludin§ death of a joint tenant or the 9rant of any leasehold interest of three (3) years or less not containin9 an option to purchase, mortgagee may, at its option, declare the entire remainin§ balance due under this agreement to be immediately due and payable and 9ire written notice to mortgagor thereof. After receipt of such written notice, mortgagor shall have ninety (90) days in which to pay the entire remainin§ balance to mortgagee. '12. The covenants herein contained shall bind, and the benefits and Page 6 of 7 - advantages shall inure to, the respective heirs, executors, administrators, successors, and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. 13. Whenever used herein, the terms "mortgagor" and "mortgagee" include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals, and the successors and assigns of corporations; and the term "Note" includes all the notes herein described if more than one. IN MTNESS [P'HE~OF, mortgagor has caused this mortgage to be executed b_y its authorized o~cers ,I as of the ~ 9/~[-~day of March, 2005. STATE OF WYOMING COUNTY OF ICINCOLN HEATHER L~ THOMPSON The foregoing was acknowledged before. Amy by RAND Y ). THOMPSON and HEATHER THOMPSON, h,sband and wife, this :Sct~ day of March, 2005. W/ITNESS my hand and o~dal seal. NOTARY PUBLIC Mjy commission expires: ~\' \ ~0' ©{o Page 7 of 7 Thompson- Merrit~,-~oan Principal: 135,000.00 Monthly payment Final estimated payment Date No. 4/2005 1 5/2005 2 6/2005 3 7/2005 4 8/2005 5 9/2005 6 10/2005 7 11/2005 8 12/2005 9 2005 Totals Int. Rate: : 1,139.21 : 1,138.33 Interest 675.00 672.68 670.35 668.00 665.65 663.28 660.90 658.51 656.10 5,990.47 6.000 % Principal 464.21 466 53 468 86 471 21 473 56 475 93 478 31 480 70 483 11 4,262.42 Years: 15 134, 134 133 133 132 132 131 131 130 ; .;.:'ns 8 Months: Balance 535.79 069 26 600 40 129 19 655 63 179 70 701 39 220 69 737 58 1/2006 10 2/2006 11 3/2006 12 4/2006 13 5/2006 14 6/2006 15 7/2006 16 8/2006 17 9/2006 18 10/2006 19 11/2006 20 12/2006 21 2006 Totals 653.69 651.26 648.82 646.37 643.90 641 43 638 94 636 44 633 92 631 40 628 86 626 31 7,681.34 485.52 487.95 490.39 492.84 495.31 497.78 500.27 502.77 505.29 507.81 510.35 512.90 989.18 130 129 129 128 128 127 127 126 126 125 125 124 252 764 273 78O 285 787 287 784 279 771 261 748 06 11 72 88 57 79 52 75 46 65 30 40 1/2007 22 2/2007 23 3/2007 24 4/2007 25 5/2007 26 6/2007 27 7/2007 28 8/2007 29 9/2007 30 10/2007 31 11/2007 32 12/2007 33 2007 Totals 623.74 621 16 618 57 615 97 613 36 610 73 608 08 605 43 602 76 600 08 597 38 594 67 7,311.93 515.47 518.05 520.64 523.24 525.85 528.48 531.13 533.78 536.45 539.13 541.83 544.54 358.59 124 123 123, 122, 122, 121, 121, 120, 120 119 118 118 232 714 194 671 145 616 085 551 015 476 934 389 93 88 24 00 15 67 54 76 31 18 35 81 1/2008 34 2/2008 35 3/2008 36 4/2008 37 5/2008 38 6/2008 39 7/2008 40 8/2008 41 9/2008 42 10/2008 43 11/2008 44 591.95 589 21 586 46 583 70 580 92 578 13 575 32 572 51 569 67 566 82 563 96 547.26 550.00 552.75 555.51 558.29 561 08 563 89 566 70 569 54 572 39 575 25 117 117 116 116 115 115 114 113 113 112 112 842 55 292 55 739 80 184 29 626 00 064 92 501 03Ig 934 33 364 79 XHIBITNO. 792. 217. ~ 12/2008 45 561.09 2008 6,919.74 1/2009 46 2/2009 47 3/2009 48 4/2009 49 5/2009 50 6/2009 51 7/2009 52 8/2009 53 9/2009 54 10/2009 55 11/2009 56 12/2009 57 2009 Totals 558 20 555 29 552 37 549 44 546 49 543 52 540 55 537 55 534 54 531 52 528 48 525 43 6, 503 . 38 1/2010 58 2/2010 59 3/2010 60 4/2010 61 5/2010 62 6/2010 63 7/2010 64 8/2010 65 9/2010 66 10/2010 67 11/2010 68 12/2010 69 2010 Totals 522.36 519 28 516 18 513 06 509 93 506 78 503 62 500 44 497 25 494 04 490 81 487 57 6,061.32 1/2011 70 2/2011 71 3/2011 72 4/2011 73 5/2011 74 6/2011 75 7/2011 76 8/2011 77 9/2011 78 10/2011 79 11/2011 80 12/2011 81 2011 Totals 484.31 481.04 477.75 474.44 471.12 467.78 464.42 461.05 457.65 454.25 450.82 447.38 5,592.01 1/2012 82 2/2012 83 3/2012 84 4/2012 85 5/2012 86 6/2012 87 7/2012 88 8/2012 89 9/2012 90 10/2012 11/2012 ~:!¢:'; ;:: ;92 443.92 440 44 436 95 433 44 429 91 426 36 422 80 419 22 415 62 412 00 408 36 578.12 6,750.78 581 01 583 92 586 84 589 77 592 72 595 69 598 66 601 66 604 67 607 69 610 73 613 78 7, 167.14 616.85 619 93 623 03 626 15 629 28 632 43 635 59 638 77 641 96 645 17 648 40 651 64 7,609.20 654.90 658 17 661 46 664 77 668 09 671 43 674 79 678 16 681 56 684 96 688 39 691 83 8,078.51 695.29 698.77 702.26 705.77 709.30 712 . 85 716.41 719.99 723 .59 7 't~'%Y1' ~35 111,639.03 111,058.02 110 474 10 109 887 26 109 297 49 108 704 77 108 109 08 107 510 42 106 908 76 106 304 09 105 696 40 105 085 67 104 471 89 103 855 04 103 235 11 102 612 08 101 985 93 101 356 65 100 724 22 100 088 63 99 449 86 98 807 90 98 162 73 97 514 33 96 862 69 96 207 79 95 549 62 94 888 16 94 223 39 93 555 30 92 883 87 92 209 08 91,530 92 90,849 36 90,164 40 89,476 01 88,784 18 88 088.89 87 390.12 86 687.86 85 982.09 85 272.79 84 559.94 83 843.53 83 123..54 82 399.95 81 672'.74 80 941.89 2012 Totals 5,093.73 1/2013 2/2013 3/2013 4/2013 5/2o13 6/2013 7/2013 8/2013 9/2013 10/2013 11/2013 12/2013 2013 Totals 94 95 96 97 98 99 100 101 ' 102 103 104 105 401.04 397.35 393 64 389 91 386 16 382 40 378 61 374 81 370 99 367 15 363 29 359 41 4,564.76 738.17 741 86 745 57 749 30 753 05 756 81 760 60 764 40 768 22 772 06 775.92 779.80 9,105.76 79 469.22 78 727 36 77 981 79 77 232 49 76 47944 75 722 63 74 962 03 74 197 63 73 429 41 72 657 35 71 881 43 71 101 63 1/2014 2/2014 3/2014 4/2o14 5/2014 6/2014 7/2o14 8/2014 9/2014 lO/2O14 11/2014 12/2014 2014 Totals 106 107 108 109 110 ill 112 113 114 115 116 117 355.51 351 59 347 65 343 69 339 72 335 72 331 70 327 66 323 61 319 53 315 43 311.31 4,003.12 783.70 787 62 791 56 795 52 799 49 8o~ 43 807 51 811 55 815 60 819 68 823.78 827.90 9,667.40 70,317 93 69,530 31 68,738 75 67,943 23 67,143 74 66 340 25 65 532 74 64 721 19 63 905 59 63 085 91 62 262 13 61 434 23 1/2015 2/2015 3/2015 4/2o15 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2o15 12/2015 2015 Totals 118 119 120 121 122 123 124 125 126 127 128 129 307.17 303.01 298 83 294 63 290 41 28616 281 90 277 61 273 30 268 97 264 62 260 25 3,406.86 832 04 836 20 840 38 844 58 848 8O 853 05 857 31 861 60 865 91 870 24 874.59 878.96 10,263.66 60 602.19 59 765 99 58 925 61 58 081 03 57 23223 56 379 18 55 521 87 54 660 27 53 794 36 52 924 12 52 049 53 51 170 57 1/2o16 2/2o16 3/2016 4/2016 5/2o16 6/2016 7/2016 8/2016 9/2016 10/2016 130 131 132 133 134 135 136 137 138 139 255.85 251 44 247 00 242 54 238 05 233 229 224 219 215 55 02 47 89 30 883 36 887 77 892 21 896 67 901 16 905 910 914 919 923 66 19 74 32 50,287 21 49 399 44 48 507 23 47 610 56 46 709 40 45 803 74 44 893 55 43 978 81 43 059.49 42 135.58 2016 Totals 2,773.83 1/2017 142 2/2017 143 3/2017 144 4/2017 145 5/2017 146 6/2017 147 7/2017 148 8/2017 149 9/2017 150 10/2017 151 11/2017 152 12/2017 153 2017 Totals 201.37 196.68 191.97 187.23 182 47 177 69 172 88 168 05 163 19 158 31 153 41 148 48 2,101.73 10 11 896.69 937.84 942.53 947.24 951.98 956.74 961.52 966.33 971.16 976.02 980.90 985.80 990.73 568.79 39 336 04 38 393 51 37 446 27 36 494 29 35 537 55 34 576 03 33 609 70 32 638 54 31 662 52 30 681 62 29 695 82 28 705 09 1/2018 154 2/2018 155 3/2018 156 4/2018 157 5/2018 158 6/2018 159 7/2018 160 8/2018 161 9/2018 162 10/2018 163 11/2018 164 12/2018 165 2018 Totals 143 138 133 128 123 118 113 108 102 97 92 87 1,388 .53 55 54 52 46 38 28 15 99 81 61 37 .19 1 1 1 1 1 995.68 1 000 66 1 005 67 1 010 69 1 015 75 1 020 83 1 025 93 031 06 036 22 041 40 046 60 051 84 12, 282.33 27 26 25 24 23 22 21 20 19 18 17 16 709 708 703 692 676 655 629. 598. 562 . 521. 474 . 422. 41 75 08 39 64 81 88 82 6O 20 60 76 1/2019 166 2/2019 167 3/2019 168 4/2019 169 5/2019 170 6/2019 171 7/2019 172 8/2019 173 9/2019 174 10/2019 175 11/2019 176 12/2019 177 2019 Totals 82 . 11 76.83 71.52 66.18 60 81 55 42 50 00 44 56 39 08 33 58 28 05 22 50 630.64 1,057.10 1 062.38 1 067.69 1 073.03 1 078.40 1 083.79 1 089.21 1 094.65 1 100.13 1 105.63 1 111.16 1 116.71 13, 039.88 15 14 13 12 11 10 8 7 6 5 4 3 365 303 235 162 O84 000 911 816 716 610 499 382 66 28 59 56 16 37 16 51 38 75 59 88 1/2020 178 2/2020 179 3/2020 180 2020 Totals 16.91 11.30 5.66 33 .87 1,122.30 1,127.91 1,132.67 3,382.88 2,260.58 1,132.67 0.00 Grand Totals 70,056.92 135,000.00