HomeMy WebLinkAbout908640,. 00017
MORTGAGE
ROBERT D. ANGLESEY AND NICOLE L. ANGLESEY, HUSBAND AND WIFE, OF P.O.
BOX 1056, AFTON, WY 83110, (herein collectively called "MORTGAGOR"), to secure the
payment of TWO HUNDRED SEVENTY THOUSAND DOLLARS ($270, 000.00), with interest
thereon, as provided in and evidenced by a promissory note of even date herewith (the
ultimate maturity date of which is the 15TH day of May, 2035) and all renewals, modification
and extensions thereof, do hereby mortgage unto WAYNE K. HESSON AND KAREN J.
I~ESSON OF P.O. BOX 888, AFTON, WY 831Z0 (herein called "MORTGAGEE"), the
following described real property, situate in the County of Lincoln, State of Wyoming, hereby
releasing and waving all rights under and by virtue of the homestead exemption laws of the
State of Wyoming, to-wit:
Part of Lot 2 of Block 20 to the Town of Afton, Lincoln County,
Wyoming being more particularly described as follows:
BEGINNING at a point which is 2 rods North of the Southwest corner
of said Lot 2 and running thence North 3 rods;
thence East 10 rods;
thence South 3 rods;
thence West 20 rods to the POINT OF BEGINNING.
MORTGAGOR agrees to pay the indebtedness 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, covering the insurance improvements on the
Property against loss by fire and earthquakes, with extended coverage, in an amount not less
than the unpaid balance of the debt hereby secured, or 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 MORTGAGOR 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 such insurance, and all sums so paid shall
be added to and considered a part of the indebtedness hereby secured and shall draw interest
at the same rate.
In case default shall be made in the payment of the above sums hereby secured, or in
the payment of the interest thereon, or any part of such 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 MORTGAGEE first had and
obtained, then the whole 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 proceeds 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 insufficient to pay the indebtedness hereby
secured and foreclosure costs, MORTGAGEE shall be entitled to a deficiency judgment.
In the event of any default whereby the right 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 to p~irties claiming, by through or under
the MORTGAGOR only.
Witness our hands this
RECEIVED 5~23~2005 at 4:10 PM
RECEIVING # 908640
BOOK: 586 PAGE: 17
JEANNE WAGNER
LINCOLN COUNTY CLERK. KEMMERER. VVY
day of May, 2005.
· Nic~esey
State of Wyoming
County of Lincoln
The foregoing instrument was acknowledged before me by Robert D. Anglesey and Nicole L.
Anglesey his // ~' day of May, 2005.
Witness my hand and official seal.
My Commissio ~ z_~_~,~
Notary Public