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RECEIVED 11/23/2005 at 3:15 PM
RECEIVING # 913967
BOOK: 605 PAGE: 836 . r '.
JEANNE WAGNER lEAL ESTATE MORTGAGE
LINCOLN COUNTY CLERK, KEMMERER, WY (l1)'oming)
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THIS MORTGAGE is gmnted by GERRE L. lllcCLll\'TlCK and 1C4REN E. lllcCLlNTlCl(, /il/sband aJ/{1 )IIife, as ;\J()RTGAGOR,
to THE BANK OF COMMERCE as Trustee of THE LAURENCE B. REDVllARTlRA, us ¡1JORTG~GLL
JVITNESSETfl:
Morrgugor, for good and \'(IllIable cOllside¡'({liolls, Ihe receipl of\l·hieh is hereby ackno\l'ledged, does hereby Gi/..I.\'T: lJ.IIIG."J/Y SELL, CO:\TEY .~\'D
/JAJlRAt\'T alldjimha releases and ¡¡'aives all rights under and by virrlle u¡the homesleod eW/llpliulllil1l's olil)'o/Iling. Zl/llo Ihe .\Ior/gagee, his
slIccessors alld assigns, all oflhe followillg described real proper/Y, to 11'1"1.'
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LOI /07 o(Nordic Ranches, Division No, 8, Linco/n COlli71)', WJ'oming us describl!d on Ihe officia/ pllill/iereo(
TOGETHER WITH bul sll~jecl to thm certain Grai71 of.·Jccess recorded in Hook ~7J at Puge 703, us fllstrllml!nl
/'/0, 875928, Linco/n COllnty, H)'oming, Records Ojjìce.
TOGETHER WiTH allY alld all improvements, water alld c!ilch rights, rights of \i'(IYS , easemellts, privileges, 1'entdoling, I¡,nemmts,
haedltaments alld appllrrenances therelllllo belonging or in anp,'ls,' uppä·taining, 110\1' or hereC[(la IIsed UIl said lund or belonging 10
said ,\for/gagor, alld any reversion, remainder. renls, isslles and projit:;, Ihereo;: hereim[fier re/ared Iu as the "j>rofit'l't)' ",
This grant is intended liS II åJurtgllge, II Fixtllre Filing IInd SeCllrÌly IIlIt:rest for the Plllpuse oj SeCllring:
], Puformance of each agreemel1l ofjforlgagor herein contailled, each agreemclll and CO\'eIlWII contailled in Ille loon docllmellts L/SSOCialed \Iiil; Ihis
morlgoge, and al/Y extension, rel/eH'al, mochjicaLion and/or wnendmenllhereof "LoUII docllmenls" shull ille/llde Ihe ubuve de:,c'nbed no!,', IIIIS
morlgage, and Ilny olher docllmel1ls or instrl/lnems signed in conllectioll Il'ith this loan
1, Puymenl ofLlle illdebledness e1'idenced by u promissory note of e\'en delle l/ere1l'ith. and any exlension or relle\l'althereof III the pnllclj!ill SlIm 0/
TflJRTY-FIVE ]110USAND DOLLARS (S35,OOO.OO), ¡he final pa.1melll û/pnnclj)(¡/ and IlIter,'sl thereof Uno! suunerpwd, 10 be/inalll'
due and payable November 1st, 2007.
3, Pa)'menl of all such/ìlrlher ,¡¡¡ns (IS ma\' hereafter be loaned or adwilleed b)' IIIi! Jlorlgagee jÒr any pII/puse: ond all)' notes, droils (JuJor oilier
inSlrWllellls represellling sllehjÍirther low IS, "dl'ances or expenditures shall be 0pliollal1l'ilh IIII' Jlongilgec:, alld sllUll bec'ullle dlie 110 loter
than Ihe jinallJwlurily dale ùfsaid lIote secured hereby; and I'rO\'!dedjÌinher, Ilwl it is Ihe ê.\press illtelllion pW'lit's 10 Ihis ,Ilortgage Ihul Ils/lull
sland as cUlltuming security willi all such loa liS, adval/ces 01' npenditlires logelher \I'ilh Interesll/;ereon, ure puld in JIIII.
A. To protect tlie s'ecllrity (ifthiI :Hortgage, :\Iortgagor warrants, cove/wilts lllJil agrees:
1. The property isji-ee ji'om all el/cumbmnces. ncepl as ma)' be deseriLied hereill, and 111iI1 Mongagur sholl \larr,,}1I ulld def"lld I/le sum,'
against the I(/\I}ul e/aims alld demalldsofallpersolls1l.homsocwr.alld this eov,!nWJl shall 1101 be ('Xlirlglllsllcd hl'jureclos/lrc or ulher tl'illls¡;'n
1, To keep all bui/dillgs wid other improvemellls now or hereaJÚr e..isting ill good cOlldiliulI ilnd npuir; to lIul remow ur demullsll illI)' buildillg or
other impro\'emellllhereon, 10 complele or restore /1I'olllptl)' alld in a goud 1I'orkmunslllplike mWlner un)' IIIl/Hol'ellient 1I'/IIch mUI' be construclnl,
damaged or destro)'ed ¡hereoll, 10 po)' 1I.llen due all clai/lIs /<)1' labor /Nrformed und II/ulenuls/Ìirnished therelO ur IheTe/Òr: to 1I'Jl/I all 11111'.1
aj}ècLing said properry or requiring WI)' alleraLiolls or impru\'emellls 10 be mude Ihereol/. 10 nut commit or pcrlJIII \I'uste Ihereu(or lu lIIalnli/llI,
cultivwe, irrigute, jèrtili::t', Jill/Ligate, prUlle, oil in (I good und IlIuballdrylike lIlLI/lilt'!", 111i: lund und il/lpl'01'c'lIIellts tli"reto, 101101 cllUnge UI' perl/nl cliullgt'
inllie use oIl/ie property; 10 not do anylhing \I'liic/I \I'ollld redllce the mille o/the properly; (lnd do ull ot/le'1' uels \Ihie/lii'oln llie e/w}"([cter 01' liS,' suid
properrl' mil)' be reasollu!!ly necessnr)', llie speczjìc ell/lllleruLions hereill 1/01 exclllding Ihe generul
3, To pr01'Ùle, mainlain alld dellverjìre insllrunee sa¡is!Íictorl' und II'illi loss payoble 10 ,\lorlgugee, 10 millntuil/liubilil)' illSlil"Llnce, to
prel/nwlls and charges 01/ all such insurallce \1'121'11 dlle; alld to provide :\fongugee sutls!ÍictOlT C\'idellce uj sllcll illSllmnce IIpU/1 lWlllest.
collected IIlIder ollyjire or otlier il/sllrunce policy lIIay, at i\lortgagee's optum and delcrmlllwiol/, be upplied IIpOIl uti)' illdebtedness sec/lred ill
such order as i\longagee deterllllnes, be released 10 :\lortgagol' ill 11'11Ule or port, or Ul/\' comblih¡IIOIl Illereoj. Such ur /'¿feuse sliullllol CIiI'C
or waive any defalllt or lIotice of de/a II II herellllder or inwdidalt' 01/)' acl dUlle pllrsliuntlO sllch lIotice,
4, To pay before delillqllenc)' all taxes, assessmellts, or rellts aj}ècting suid propern',' tu IhI)' w/lt'1I dlle all encumbl'ances, cIwrges (lIId ¡iCilS, \I'illi
Imerest, i!Oèclil/g said property which are or lIIay appear to be ¡mur or superior herero; und 10 pay ull COSls, /èes utili e\l't'nses oIl/lis ,IIonguge alld
ussociated 10011 doclllllel/ls,
5, To pay immediutely und \l'illlOllt demand ull slims expel/ded by Mongug".: /JilI'SIiOIllIO Ihe pro\'i.lions hel'eof 1I'il/¡ interesl/i'ulII diile olnl','ndiliire,
aI a rate eqliollo the illleresl rate payablt' ullda the promissory lIote descnbed ubuw or 1\I'elve percenl (] J%¡ pa ill III wn , 11'lllc/leli!!' is g/ùil¿r
6. To uppi!or in alld defelld any actioll or proceedillg purponillg 10 aj}èetthe secliritv hereolor Ihe righlS (II' pOll't'I"S o(,\lorlgugee, IU IIUY, (III ch!mulld.
all cosls alld expellses. il/ellldillg wilhollllimilation, cost of lit Ie e\'idence, reasollable ollulïley'síees, wll'ullces, oudur euSls, pui.1 01' inclirred In'
¡\lorlgagee 10 protect or ellforce ils rights lindeI' bClllkrllplc)'. oppel I ole proceedings 01' o¡lier\lise, and all s/lcli cosls olld i!.\l'enses shall become U pan 01
Ihe IlIdebledlless seclired by this mortguge,
7. Should .\1ortgugorfaillo make an)' paYlIJel/l or to do an\' UCI as hert'ill provided. :\Iorlgagee, bW11'il/wut obligolioll so to do 011,1 \1'il/lOlIl lIolice 01'
demand upon Morlgugor iIIld withulil releasillg Mongagorji-om allY obligolioll hereof may: make or do tile same ill slIeh millliier al/d IU slich ntenl 0,\
Morlgugt't' muy deem lIecessar)' to proteclthe secllrlty haeo/: .\1ortgagee being illllhori::.ed 10 e!1ler upun suid pruperty.for sllch jJwpo,'cs, Op¡Nar In one!
defend WI)' action 01' proceeding p¡¡¡p0rling /0 IzjJecl /he securil)' hereolor Ihe rights or powers oj'.llorlgagee, I en', pl/l'clwse, conlesl or cUlllprolllist' (111)
encumbrance, charge or lien which in the judgment ofJlortgaget' appears to be prior or superIOr Ilacto. ond ill exercising uny suell pmlt'!'s UI ill
e/~fòrcing this .\lortgage byjudicwl jòreclosure 01 O¡!¡e/"\I'ise, puy Ihe necessary e.\penses, cl)SIS wullellSullllble altomel"sfees,
S, To comp~J' 1I'ilh alllml's, ordolill1ces, regulwioos, covenillllS. cOllelilions and restrictions oÙèctillg Ille Property oml liS use, illcluding 1IIIhout
IillJitation all el/vironmental 1011'S; nolto use 01 perlllitlhe use o/the Prop2rn)Òr wn' un/(l1ljid 01 obJectlollable pwpose, 10 n!med\' iIIiY ell1'irOlllllelllOl
con/allJiniiliol1 or violation ofenvirol1l1Jel1tallall's thaI milY occur or be dlscl)vt'l"ed ill/he jìilure; Iu 011011' .\lorlgoget' access II) Ihe Propel'lY 10 IIIspecI /IS
eondilion and to test and 1llOlÚlorjll/' cOlIJplionct' 1I'iLh appliL'ahle 1001's (any i!/SpecllOns or tests lIIode hI' Jlol'lgagee shall be ;\lorlgag"é' 's fill/post'S
OI1~\' and shall nOI be cons¡n/ed 10 create WI)' respunsibilily olllUbililJ' on the PUI'I of.\1oltgagt'e to .\lortgucc:ur or 10 arl1' olhcr person), toj;iI"11'illd cupies
oj'an}' J1ofiL't!s receivedj;'OJJl any environmental (Jgencies /0 ;\forfgagee, Lilld [0 In,:/e/Ju¡U).' and hold .\/orlgo::;,ee, j¡is t'mp/u)'ees, Llgen!s (lflti Ius Sili.-'c¿ssors
and assigns, Iwrmlessfrom and against any environmelltal cInims of all)' kind and all cosls alld expenses incurred in cOi/nectioll t/lele1l'i¡/l, includinl;.
1l'illlOZillimitalioll, iilt om ey's fees,
9, An)' O\I'ord o/damages In conllection 1I'iLll any condelllmllionf<)r IJllbilc' use of or injury to sold pI' ope rry or ullY PUI'I is ils.\igl!c'd Ullt!
Red/ F.\/u/c:.\loU:':'ii
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shall be paid 10 :\fortgagee H'ho mo)' appl)' or release such mOllies reL'c'l\'c'd b)' him ill the sWlle m{1I1I12r (¡lid 1Iillllll, some ejjico os abow prO\'lded/or
disposition of proceeds o/jire or other inSllrallce,
10. The JÏiiluré' ofJforlgagee to exercise all)' righl or 0PIÙJI/ provided hereill "I (/I/V time, shall 1101 preclllde ,\lortgageeJi'OIII e.\erL'isillg C/II)' o{sllch
rights (/{ C/II)' oth,'r time: b)' acceptillg paymellt of allY slim secur~d hereby aJier ils dlle date, .\Jortg"gee dues 1/01 \\'aive llis right eithel' 10 re(jllirL' I'nJ/llpl
paymel1l when due of a II ulller sums so secured or to declare default forjèlilllre so lil pay: 011 rigllls cO/Úar~d Oil ¡\furlg"gee ore cWlilIlati\'e alld
additiollallO all)' rights call/erred b)' 1011': alld I/allyprovision isfoulld to be [¡milid or ullerljlJrL'euh!e, slid I illvolidin' or ullell/ÌJrceobilil)' shull 1101
ony other provisioll hereofalld the mOrlgage shall be comtrlled as ¡hough sHe'll pro\'/:>ioll hod beell omilled
I 1. .~s odditiollal securirr, .\Jortgogor herehy gives to alld cOllfers upon JlorlgC/g"e Ihe right, po\\'a C/nd u¡¡{lwrir)', dllrillg Illc' L'illll/iIl/UIle'L' of II 11.1'
mortgage, to colleclthe re¡¡(s, Issues C/lld pro/its of said propert)' us ¡fley become due and pC/yable, !lese/Till!!, 1/(1\Ie\'er WIIO ,If orlg o!'. or, prior ìu WI)'
de.fàult b)' J\fortgagor in pa)'me¡¡( oran)' illdebledlless secured hereb)' or ill per/Úïllwlce of on)' ugreelllelll haew"ler, the right 10 cilllc'CI ond r¿fain sucll
renls, issues und pro/ils. [i¡JOn any suc/¡ dej:'ll/¡, .,\lurfgoget! may af any IflJle ,¡,'f/IOlll Jlolfcr:, t;!i'/lt:r /'i person. by ugcnl Or CUllr' uppuinlL-'d rt.:L'ci\'cr, oild
1I'ilhollt regard to the adequacy of allY securil)' for Ille illdebledlless herd))' secured elJler UpulI and IU/..e possessioll orsoid properly 01' WI)' pall 111¿¡-~O(
in his OH'n nWlle Sll~fol' or olherwise collect sllch renlS, issuc's und projils, includillg Ihose pasl due {JIIII ul/paid, and appll' tile SU/lle, less cuSls al/d
exp~nses oj'Jpaalioll allil L'IJlleClion, including reasonable allomey'sjì:es, IIpon am' illc/ebledness seclIred herd)y, alld IIi Sllell ol'der as ,I!ollgat;ee /1101'
"ela/lline, The elllaing IIpon alld lakillg possessioll of said prop~rty, ¡lie col/eclion oj"sllch rents, ISSlles and projils and Ihe applieulion Ihaeo/as '
aforesaid. shall IIOt clIre or \Faive an)' dejillllt hereund~r or Invulidale uny act done PllrsllullllO any sllch de/allllllOliee,
1:: DUE OS S,lLE The indehledness and oblignuons seclIred by this /IIon!;"!;e is person"llo IIII' .\forlgugor "lid is not us,liglluMe hI' ,\lolÏ,\:"~OI'
;\!ortg"t;ee 1/(10' relied upon Ihe cr~dit o(Jfortgugor, Ihe illlaeSI o(Mor¡gat;ul' III IIII' Prop¿r{)' iIIl(/lhe jillUllciall/lal'/..el LUlldli/()1/.\ Illel/ \111,'1/
making Illis /01111 1{.\!urlt;Ut;ur trumfers or cOl/lrucls 10 1J"ill/sjer, IIlle 10 or possession of all ur jJell'! o{lhe PropellV, ur WI)' e'luliuhle ill/ercsl
whelher b)' deed. cOlI/ruclj,)r deed. assigl/melll, lease for u Ifnn in exe,'H of olle )'ear, Ie use H'ilh WI oplioll 10 purehuse, 0llll,m 10 jJurehuse, ur sil/lIlal'
agreement: or i{the O\l'lIerslllp o}'Clny corporation or partllerslll)), O\\'I¡fllg ull or WI)' porlioll of die ¡Jropell.\' .,Iudl be chuIIged ,'Ii/ler b.\' \'Olllnlar.\' or
involunlar)' sale or tramjÎ:r or b)' operiltion of law, ¡\!ollgagee I/lii) "eclore all Sll1l/S due IInder iIIl)' lIole, SeLllrlll' ogree/llenl, oll,l 01' ¡,ie/II dUl'lllllellls
ussociated here\\'ilh. /JIII/ledialely due ulld pCl)'uble .^,'ollco/llplwnce \I'il!; Ilus cu\'eI/UlII shall cOllslitule and be II d4'1II11 olthis OMI!'.illiulI II/IIC/; shull
enlille ¡\follgllgee 10 ejJectuClte allY and all re/ll~dies provided.
13. "(IIII~ is o(lhe essence and ill/lOleriul pari of this agreemelll. fll Ihe 1'\'1'111 ofdei(lIIll, {({ ,\fortgagee's oplioll, Ille elltire ill,ldJ/edlless secured IILrelJ\'
shall jorllill'llh become due and pa)'able and bear illlereSI alllle rale ofT/IEL I't' PEJiCENT (l1%) per UIII/UIII, .Ifont;ilg,;,· slwll Iw\'C Ille right lu '
foreclose Ihe liell of¡f¡js lIIurlguge, ¡O lli/I'e a receil'er Llppoillled ill allY cO¡¡l'tproi.:e~dUlg, 10 col/eel Oll\' r~lIls, issues olld prolÎlsjì'UllI tile Prol'en)' olld
apply Ih~1I/ LIgLlillstlh~ indebtedness Ilereb)' secured to selllhl! Property aljorec/osurc' en masse, or (IS olle 101 or parcel (If IIII' Ofilioll .\fO/"/gogee, alld
to exer('is~ any righls and rell/edies a\'ailoble IllIder Ille LfnUÌJrll/ lOll/lI/erci,¡/ Code fur Ihe State 11/ \\'Iuch IIIL' propert)' is locale',l: alld reLl,\ullable Iloli",!
ilreqllired by mch Code shall be ji\'e (5) da)'s,
f -/, The J\fortgogee II/a)' at all)' lime, witholl! notice, releuse portions u/soid II/orlgaged prell/ises(iolll Ilie' lit'1I oj'I/lis II/ongug", \liIIIUU! c~!Ïet'ling lite
personal liabili(l' of a II)' person.fÒr the pa)'lI/elll oflhe said illdeblec/'Iess or Ihe lien of this lIIortgoge UpOIl ¡he re/llUimla oIllle ¡¡wrlgo!'.ed pre¡¡¡isesjor
Ihe jidl al1lO//I11 of said indebledlless then remaining IInpoid
15, Mortgagor and each oJlhem join in this imtrumellt jÒr Ihe pllrpose o(sllbiecting each c~llheir righi, liile and illl~resl, ¡jOllY, in lite ProlNrty,
\I'helher of record or olher\l'ise and ineluding any right to possession, 10 Ihe lien oflhis ¡¡¡ortgage,
16, This lIIortgage, allluall docllments and th~ note(:,) secured hereh\' shull be go\'erll~d und cOllslrlled accordillg 10 Ihe la\\'s o(llte SIOIc' of II
fll th~ evenl oldefLlull, Morlgagor grOI/lS to .\fortgagee a PC!\\'eJ" oISule 10 jl)rec!ose all alld sell soid prupeny al PUb/lc ouclion pll/'SUUlII 10 II\'O/llilì,~
Slmllle Seclion 3-/--1-101 et:seq,
17 This 1l1Ortgilge IIPplies 10, inllres to the benejll ofalld hinds all porlies herelO, their heirs, dl!\'isees, persollal rep/'esellhlt¡\'~S, sllccessors ond
assigns, The lel"lll Murlgagee shall mean Ihe holder ond O\I'ner oflhe lIote secwed hi'reb)': or I./I/II! nole has bel'li pledg,'d, III I! pledgee Illcr~ol fll Illis
Afongage, wltereve . Ihe COlllexl so requires, the masculine gender illclud~s Ille J~lIIillille ami or 1"'lIla alld Ihe singulor nllllll'e/' ill,"//iles Ille plu/'ol.
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