§ 34-2-107 — Form of real estate mortgage

Wyoming § 34-2-107

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 2: DEEDS, MORTGAGES AND LEASES GENERALLY

Text

Mortgages of land may be in the following form:
A. B., mortgagor, (here insert the name or names and place
of residence) to secure the payment of (here insert the amount
of indebtedness, when due, rate of interest, and whether secured
by a note or otherwise), do hereby mortgage the following
described real estate (here insert description thereof) situate
in.... county, state of Wyoming.
The mortgagor agrees to pay all taxes and assessments on
said premises and to keep the buildings thereon insured in a sum
not less than $ .... during the life of this mortgage, payable
to the mortgagee; and in case he does not the mortgagee may
insure said building or buildings and pay said taxes and all
amounts so paid shall be added to and considered as part of the
above indebtedness hereby secured. In case of default of payment
of either interest or principal then the whole indebtedness
herein secured shall become due and payable, and the mortgagee
may proceed, pursuant to law, to foreclose on said property and
in case of foreclosure the mortgagor hereby agrees to pay all
costs of the same, including an attorney's fee of $ ....
Dated this .... day of .... A.D ....
A. B.