HomeMy WebLinkAbout914150
f j
,
(, f"' (i A r'" 9
~.' I..J .) Ü ~_~ .
RECORDATION REQUESTED BY:
BANK OF THE WEST
EIVIPLOYEE LOAN OFFICE
1450 TREAT BLVD
WALNUT CREEK, CA 94597
WI1"11 rêc()rdcd mail!(),
FJRSLL1JER1CJ¡\ TiTLE lNS/'IUNCE
LLYVERS ,~DI:~NJ:-JGE
1:!:!1i EI'(L/J) A I ENCE, SUITE .JIIII
CL£lLLL\D, Ulll0.J.JJJ5
,nT\': N-JT10N'IL RECOJIlJ/\'GS JJ:!II
RECEIVED 12/2/2005 at 4:56 PM
RECEIVING # 914150
BOOK 606 PAGE 609
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
~)+llC6l~
SPACE ABOVE THIS LINE IS FOR RECOI1DER'S USE Of\lL Y
NlORTGAGE
'1Q
MAXIMUM LIEN. The lien of this Mortgage shall not exceed at anyone time $31,500.00.
THIS MORTGAGE dated November 22, 2005, is made and executed between TERESA G MAPES and MARK S
IVIAPES, WIFE AND HUSBAND AS TENANTS BY THE ENTIRETIES, whose address is 59 BUCKSKIN WAY, ETNA,
WY 83118 (referred to below as "Grantor") and BANK OF THE WEST, whose address is 1450 TREAT BLVD,
WALNUT CREHC CA 94597 (referred to below as "Lender").
GRANT OF IVIORTGAGE, For valuable consideration, Grantor mortgages and conveys to Lender ôll 01 (~rarHor's [1>Jln, titl", dliCl intelest in and to
the following descllbed leal property, together with all existing or sul,sequel1ll'i erected Dr affixed IJurldings, ilTlprOVel'lIl;Ins and fixtures; all
8asements, rights of way, and appurtenances; all water, water rrgl1ts. waterc.ourses and ditch rights (including slUck in utilitltcs with ditch or
irrigation lights); and all other rights, royalti8s, and profits relannu to the real property, including 'iJlI!luut lirnitåtlon 011 nllrlerd!s, oil, gas.
fldc,therrnal alld sirnilar matters, (the" Real Property") located in LINCOLN County, State of Wyoming:
SITUATED IN THE COUNTY OF LINCOLN AND STATE OF WYOMING:
LOT 57 OF NORDIC RANCHES DIVISION NO.5, LINCOLN COUNTY, WYOMING DESCRIBED ON THE OFFICIAL
PLAT THEREOF.
The Heal Property or its address is commonly known as 59 BUCKSKIN WAY, ETf\JA, WY 83118. The Real
Property tax identification number is 36192610005700.
Grantor presentlv assigns to Lender all of Grantor's right, title, and interest in and to all present and future leases of the PIl/PUt''/ and all Rents
from tile Property, In addition, Grantor grants to Lend81 a Uniform Comrnercial Code security im8rest in the Persunäl PrOIWlï'! arid Rents,
THIS MORTGAGE, INCLUDING THE ASSIGNIVIENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (A) PA YIVlENT OF THE INDEBTEDNESS AND (B) PERFORIVIANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE,
THE RELATED DOCUIVIENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERIVIS:
PA YIVIENT AND PERFORIVIANCE, Except as otherwise providEd in this MurtLJaue Grantor shull pay to Lendel all arnUL/nts secL/red IJY this
Murtgaue as they become due ami shall strictly perform all of Grantor's obliLJatlons uncle, this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agr¿es that Gramür's possession ami use of tile Property sllall Ik (j(¡vurled by
the fOIIOv,ir1g provisions:
Possession and Use. Until the occurrence of an Event of Default. Grantor may 11) remain irl possession and control of tile Propert,.: (2)
use, operate or IlliJI1dge tile Property; and 13) collect the Rems trom the Property,
DUlY to lVIaintain. Grantor shall maintain the PropHly in good condItIon and promptly pertorr" all repôirs, replacEIi,er',ts, ami maintenance
necessary to preserve its value.
Compliance With Environmental Laws. Grantor represents and warrants to Lend8r that: (1) During the period of Grantor's üvvnership of
Ihe Property, there has been no use, generatioll, manufacture, storagE. treatment, disl,(,sal. releasl" or threatelleli release of any H¿,!""lulJS
Substan~E I,y any persun on, under, about or fro III the PrOp8r1y; 12) Grantor has no Knuwledge of, or reason belie"" that t118r" It",
been, except as prevlouslV disclused to anel acknuwledged by Lender In writing, la) any breach or violation of dl1',' LllvlrolìllÎenlal Lav,s
Ib) anv use, generation, manufacture, sturage, treatment, disposal, releiJse or threatened release of any Halarde,us Substance or,. uncJd,
about or from the Property by any prior owners or occupants of the f>ropen,c, or Ic) any actual or threatened litigau()1I (,I' cliJims of an',!
kine] uy any person relating to such matters; and (3) Except as previously disclosed to and acknowledged bV Lender in wrrtlrllj, (a) neithel
Grantor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufaCTure, sture, treat, dispose ¡,j
or release any Hazardous Substance on, under, about ür frollì the Property; anrl (1)1 any such actl'lllY shall be cunducted ill compliance
V'.II111 all applicahl" federal, state, and local laws, regulations and ordinances, includrng wiThout limitation all Elwirullmental LavJs, Gral1ll)[
aurho,iz",·. l','ld"r and its agE;nts to enter upon the Propert'! to make such inspections ami tests. iil Gramor's 1;;'1'81100". cis Lencf¡;r may deerli
appropliattc to cletermine compliance of th" Property with this secti"n of the [./10rtgag8, Any inspections or tests rndcJe by Ll;I"Jer shall b8
for Lender's purposes only and shall not be construed to create an'!lesponsibility ur tialJiI¡¡'¡ on the piJrt of Lender tiJ Grantur úr to iJny other
person, The representations and warralllies contained herein are based un Cilantül's due diligence in investigating the F'ruperty 1(,1
Hazardous Substances. Grantor hereby (1) releases and waives any future claims against Lender for indemnity or contrllJulion in the
event Grantor becomes liable for cleanup or other costs under any such I"'is; and 121 dgrees to indemnify dncl hold Ilarmless Lender
against any and all claims, losses, liabililies, damages, penallles, ami expellses which LenciGr may directly or indirectly sustain or suiíe'
resultinu from a breach of this section of the Mortgage or as it conseljuence of any use, g¿neratic"1, lIIanufactule. storage, elisl)()«dl. I "I"as"
or threatened release occurring prior to Grantor's ownership or Interest In the Prc,pertv, "lhether or n(,t the Sdme 'lidS or sh¡,uld helve
known to Grantor. Tile proljisions of this s8ction of the MurtLJa\le, including the obligiîlicln to Inci"rllfiil, s!ìiJll survive; thi; I,d ,nidìt crt ¡i",
j J :':C' ~....1:15 Û
MORTGAGE
(Continued)
, ' ,-\ r~ (:.r n
'.' ',) t u .1 U
Loan No: 341719979
Page 2
ImJebtedness and the satisfaction and reconveyance of the lien (,f this Mortgage, and shall not 1,(, ,rffected h',' L8I'1der's acquisition of ån,!
Il11erest in the Ploperty, whether hy foreclosure or otherwise,
Nuisance. Waste. Grantor 511all not cause, cunduct or permit :my nuisar,c;~ nur comrnit, I,,,rrnit 01 sulfër dll',' strippinç¡ of 01 ,'!òst" ur, [,I Ie,
11te f'roperty UI any portion of the Property, VVithout limitinfJ t:1e lJellerallt,¡ of the foreuul1l9, Grant will riut lelmU'!e, or urarlt to an" ,-,¡!kl
party the right to rdlwve, any timlJer, minerals (Including oil ami 9"s), coal, clay. SCOlla, soil, glavel or rr,ck products ',jithout Lender's iricir
\,Vritten consent.
Removal of Improvements. Grantor shall not delTiolish or remOVE al1,' Im J[()\/Ements from tllë neal Propertv v;ithout Lender's pi i,>¡ \,ritkl1
consent. As a condition to tile removal of any Improvements, Lender may require GrarHor lr~ make arran[Jel1lents satislauolV te, LEnder tU
rGpldcE; such Improvements with Improvements of at least equal ViiIUG,
Lender's Right to Enter. Lender and Lender's agents and representatives may enter uporl the Real Propc,rtv at allleasondble ¡jrm:;s tl, ¡¡\lend
to Lender's interests and to inspect the Real Property for purposes of Grantor's cornl,liance v!Ilh the tern", "lIllI (ùl,dltlOIlS 01 tI,is r,MjrtCjL1[)é,
Compliance with Governmental Requirements. GriJntor shall prc) nptl,. ,:orllplv Wltll "II laws, ordinances. oltd 1';[jul¡Jtiol1s. ur ¡¡""",did
in ef!ect, of all governmental authorities applicahlé 10 the u,,, ur occu ;:mcy of the Property. Gral1!or IlIdY cOlltest irl ~Ju(¡d J¿,lt!l any SO(,ll
law, olcllnál1c8, or regulation and withhold cornpliance during any proce"L!lng, including iJppro Hiate appeals, SU IUI1[J as \,;rantol lias 110tified
Lender in writing prior to doing so and so long iJS, in Lender's sole optnioll, LemJer's inlertlsts in tl1;., PropErt\" are Ilot leupdlcJ,zhi Lemler
may require Gral1lUl 10 post adequate security or a surety bond, reasonably satisfaclory to Lender, tu prcJlect Lénder's interesT.
Duty to Protect. Grantor agrees neither to abandon or leave unattenL!éd the Propertv, Grantor shall do all other acts. ill ilddltioll to thuse
acts set forth above ill this section, which frorn thE character alld use of the Property arE reasol1abl'l l1eCeSSdl',' to pre,k' t a"d pres,,, V2 the
fOre'perty,
TAXES AND LIENS, Tlk following provisions relatinu to the taxes anclli21ls 011 the Propert¡
parI 01 this ~v'lortÇF1~F;
Payment. Grantor shall pay when due (alld in all event, prior 10 de!i, ll¡uc'l1cy) all taxés. payroll tax8s. spec¡¡iI taxè:s, dssessmcnts, ",vater
charges and sewer service charges levied against or or1 account of tt,~ Propertv, and sholl pay when due all claillls for vlurk done on (or lor
services rendered or material furnished to tile Property, Gramur shall maintain the Property Ilet; 01 any liens havirl'J priorl1V over ()¡" équal ['
tile Interest of Lender undEr this Mortgage, except ¡'.r the Existinu Indebtedness referred w in this lVIurtga[Je (il thes" liE;ns s Jéciiical!,¡
a[Jreed to In writinu by Lender, and except for thE liEn of tdxes oml assessments nUl due ¿,s furthE;r specified III tlw F\i[Jl,¡ tr, Cr;I1t¡;Sl
pâl auraph,
Right to Contest. Grantor may withhold payment lof any tax, assessn1ellt, or claim in cor1llecticJIl with a good faitl1 dispute over the
obligation to pay, so 1,,119 as Lender's intelést in the Property is not jeopardized If iJ liel1 drisL~ or is filed dS a result of n(jnpair~nerH
Grantor shall within fifteen (15! days after the lien arises ed, II a lien is filed. ':ltl1ln fifth'" 15) cla','s after Grarllor has notice of tlte fllinu.
se,';ure the disch"rUe ot tile lien, 01 if requeslhl by Lender, deposit with LEmler cash or CI suli¡,:ient C(JII)Urrlte surety ;,:JIlci ',r other sécurit'!
satisfactory to Lender in an âmount sutfici8nt to dischargE the lien plus any costs am! a1tol!leys' t8és, ur or!t,"r char[)es ¡I'dt coulrJ accrUE;
as a result of a foreclosure or sale under the lien, In an,! contest, Grantor shall delénd Itself anel Lender dnd shall sdtrslV âny acl'JélSS
jud[jIllE;r1t before enforcernent against the Property, Grantor shall name Lender as an additional obligee uncler any sure1V huncl fUll1ishhi III
the contest proceedings.
Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactor'! e'Jldence Gí piJymEnt of the taxes or assessrr ,dtlS anel sl1,,11
authorize the appropriatE governmental official to deliver to Lender at iJny time a written staternent or the: taxes and ossòsmerlls against
tl,e Property,
Notice of Constluction, Grantor shall notify Lender at least I¡fteen (15) (JdYS before ar1Y work is cOll1rllr,nced, dny ,ervices iJre IUli1islkd or
anv matelials are supplied 10 the Property, if âny rnechanlc's lien, rnaterlålrnen's lien, or othu !Ien could IJe asserted '>I, dCCUUI1l ,,: lik
vvurk, services, or materials, Grantor will upon reqlieSt of Lender furnish to Lender acJvancE; assurdnces séJtis1auc,r'! to L8I1der 1I1d[ GrdlllOI
can and will pa'y' the cost of such Improvements,
PHOPERTY DAMAGE INSURANCE. The following provisions reldtlnfJ to insuring the Property are a jiiJrt of ti,lS 1'/1'd I[Jd[le:
lVIaintenance of Insurance. GriJntor shall procure and maintain policies of fire insurance with standard extended coverage er"Jorselnents or,
a replacement L¡¡sis for the full Insurable value covering all Improvements on the Fieal Propertv in iii'l amount sufficient 10 avoid applicdtion
of any coinsurance clause, and with a standard mortuagee clause in favor of Lender. Policies shall Le written by such InSUlance COnliJiJriies
and in such form as may bE; reasollably acceptable to Lender, Grantor shall deliver tCJ Lender certil,,:ates of coveraÇJe frorn each insurer
containing a stipulation that coverage vliill not b" cancelled or uiminishecl without a minimum of !en (Iü) days' IJliol :rrt¡"l, Ilutice Ii, Ldld.,,,
and not containin[j "ny disclairner of the insurer's liability fDr failure to ~Jlve such n01!ce, Each insuriJnc" ¡rr,lil,,/ dlso shall il1>'Ir::k an
enuorsenìent providing that coverage in L:- \Jor of Lender INíH not ue irnpairt:cJ ill dnV \"-'8'1 by an)! act, orni-ssi(-¡¡ì (jl cJEdaulL 01 Gran10f Ul BITy'
other person, SlòCJuld the, Redl PrrJperty be located in an area designated by tlk DII"',,1c,r of the Federal Erl'dfJEnC'! 1,¡1arldÇJE:fIlEnt Ä[Jency ¡",
a s Jèci¿¡1 flcJud l,aZiJrd ared Grar1tor afJrees 10 obtain and m¿¡irltalll Federal Flood Insulance, if å'Jail¿,i;le, for the full unpaid prir1l:ipal balance
01 the loan dnd éinY' pri{¡( Ij,:..:ns 011 the prc)pcrty securing the IOéJll, up to the ITìaxin1unl po jcV I¡rnits Sui under tilt: fLJtional Flood !nsUfcj'-1l.;t:
Pro[jram, ur as otherwise required by Lender, and to maintain such insurance for thE, term of the 10al1,
Application of Proceeds Grantor shall promptlV notify Lender ,,I any luss or cfarna[Je to tlk Property, Lender miry mak" pro,,! of loss If
GrallT(,r I"lis to do sONlthin fifteen (15) davs of 1!,~ casu:"l',', \:Vhetl,u or not Lenckr's securit,! is impaired, Lemler ma,/ at Lend¡fs
eleclÎ(¡r!, ft:--;(:¿i\/E: unci retéJ.in the pruceeds of any insurance and app!",¡' the f)/(J(.;eeds tu th2 reducliun of tht: Ind~--:Ltt:Jness, PdY:-lkln of dnj! 11i-_-;:-¡
afleuinS) ¡I,,; Property, or the restoration ami repair of the Propdty, If LemJd elects to applv tlk ¡¡ulcebb restorat[(,11 and r¿,palr, Cì"JI:lOl
sl-)all repair or replace the dbnlagecJ (,I' destrov¿cJ In)pr()\/en1ent~-; jn a fl.21Jìner s31jsLJ~-_:t(>ry to LencJt:r. Lend'~~r ~hdll, LipUIl Sdli::;fé.ü;torl/ prl.ll)! uj
SLJch c~.^:peflditure, paV or reinlbur:::,~-; Grantor trunì the proceeds tor the reasor1dble cost of repair or rf::)lurdtÎon iI Crdntor is not in c.JdÎduit
unc!,,¡ this I,¡JOrlLJage, Any proceeds whicÌl have 1101 ueen disbursed withIn 180 cLtys after 11'.811 ru:eipt am] ".'h,ch Lender has I
committed to the repair or restoratioll of the Pro 'dty shall be used first to pay anV amount O\"lrlL to Lemler ulld,,:r l! f'J1ortgane, th,,'t lU
pay accruecJ interest, anclthe remainder, if any, s/1311 be applied TU the principal balanC8 of the IIKldJlEdl1ess If L"'l<J"r II"ide; "nv pru:;,,,"cls
after payment In full of the Indebtedness, such procE;eds shall be paid tc) Grantor as Grantor's interests Inay apl"eij{
Compliance with Existing Indebtedness. Durin[J the period in which anV EXisting Indebtedness cI,;oUlb"ci below IS in E:t1ect, complial1l:e ";11h
the insufdllce f)(u\!isions Cúr1l;:.ÙrH::d ill the Înstrunlent evicJelìclng su,;11 Es.istinu InuehtecJlh:':ss shall COlblllutr..; CUliìf_JII¿:r l(~t; Ij'lith the: ilìSUruf!:':':ë
prCJ',bl"ns under this Mort'Jal1e. to the extent cOlnpliance with tile terrns of th"" !'/IUlt[j¿ir¡c: ",oulcJ cUllstituk d clUfJllcatll'll 'lit lihurdll,:e
ré::C UlrE-:!Ylent If éln'l proci:::eds tronl the insurance LJecorne pd/dL·lt, Olì loss, the IJ(o'jisì(jlìs III this ¡·/IL)! ¡~JWJ'; "i d!'..iisinr1 uf proceE.:cJs shi:¡J1
,{
·~~::E~.~S·O
MORTGAGE
(Continued)
,-, ,-\ (".' {:o.: ,,1
~.)' Û 1. .i
Loan No: 341719979
Page 3
apply only to that portion of the proceeds not payable 10 the holder of the Existing Ir IdelJtE'Clness,
LENDER'S EXPENDITURES, If Grantor fails (A) to keep the Property free oj all taxes, liens, security interests, encumbriJrlCb, iJnd other claims.
is) re, provide any required insurance on the Property, IC) to mal", I ~I,airs to the Property or tû cornply with an'( olJliSJation 10 mailltaili L "IS¡inU
IncJelJlecJness ill ~j(¡ud stélnrJil)~J as required belol/I/, then Lender nld'l do su. It any action or prCJceeûing is COnlnit:;lH';ii::d thaI \,./uuld rn,- t~rìaJi'i
altect Lender's imerests in the Property, then Lender on Grantor's b8"'111 rlid'(. but is l1[,t required to, take dn\, dcti"n thin L"'lc1er l'I,lieves W Le
appropriate 10 prot8ct Lender's interests All expenses incurred or ¡laid I"~, Lender jur such I)UrpoS8S will Illen bedr interest in 1!le rate charljéej
und8r the r·.Jote from the date incurred or paid by Lender 10 tl'8 date ot repayrnent by Gralitor, All such exp8nses V'Jill beculiic; a part (;1 111e
IndelJtedl1lcos Elml. al Ltclider's option, will (AI be payable on demand; (B) be iilided to the Llalance 01 the ('Jote and be apportioned ur1lor"l dml
I}c; pa'(able INith any install1lì8111 piJymems to become due during either (1) the term of anv applicable insurance pollc'(; ur (2) ¡11i'relnillllinSJ
terrn elf the l.Jote; or (el be treated as a biJlloon payment which Ifiill be due and pavable at th8 Note's n,aturlty, The f\1ortgage al~,) will secure
pa)'ment of lIlese amounts The rights provided tor in this paragraph shall be In addition to any Gtiler rights or i,¡'I/ remedies to wlw;h Lender
Illa'( be entitled on account of any default. Any such action by Lender shilll not be construecl as curing tile dejåult so as tu bar LeIHJ'21 IrrJm dllY
renièd'( that it otherwise would have had,
WARRANTY; DEFENSE OF TITLE, The following provisions reldting to owr18l~ilip of tire Propert'( are a part oj tilis Murtgdue.
Title, Grantor warrants that: (a) Grantor hulds uood and marketable title of record 10 thE PropErty in fee sllliple, free and clear 01 "II liens
ami encul nbr ances other than those set forth in the Real Property description or In the Existinu Indebtedness sectic,n IJdow or ill drl\, [itle
i,lsulal1c;e policy, title report, or final title ul.Jinion issued io la'JOr of, and accepted bV, Lender In connection wIth this (VlortgarV "lid II))
Grantor has tlk jull right, pOWer, and authürrty to execut8 ar1d deliver this Mortgaye 10 Lender.
Defense of Title. SulJject to the exception in the paragraph above, Grantor V/iJrrants ami ""¡Iii jorever defend the title to the Property dÇldlllSl
'the I¿.H':Jul Llairns of äJJ persons. In the event äny action or proceE::cJing is COnlf"fIé:IìCed that ~uestiuns Grdlltor's til!l-:: or thE:; ¡¡HereS! ut Lendt:{
Llmlu this Mortgage, Grantor shall defend the action at GranlUr's expense, Grantor ma'ý be the nominal part\' in such proceeding, but
Lender shall be entitled tu participate in lh8 proceedinu and to be represented in the prc,cel"ding by COUI,j", "I Lender's OW" r.hulcc;. and
Grantor v¡ill dtliver, or cause to be delivered, to Lender such instruments as L8nder rllil'( rt,quest from trrne w time tu perrnlt such
participation,
Compliance With Laws. Grantor warrants that the Property ami Gramm's use of tile Prr.Jp8rt\' complies VJlth all eXlstlnu appli,:¿dJI," la\¡.¡s,
ordinances, and regulations of governmental authorities,
Survival of Promises. All promises, awe8ments, and statements Grantor has IIldde in this Mortgaue shall survive th" executicJlI 8ml delivel 'i
of tills ('/1ol1uage, shall be continuing in nature ând shall remain in jull fOrl,c, and effect until such tlrm, as Grantor's Imlebtedntss is paid ill
full.
EXISTING INDEBTEDNESS. Th8 following provisions concerrlin~J Existing Imlebtedness are a part iii this !\¡k,ngage:
Existing Lien, The lien oj this Mortgage securing the Indebtedness ma\, be secondar'( and inferior to iJn existlnu lien, Grdnlul ";\pressl;
covendnts and agrees to paV, or see to the payn1ent of, th8 Existin£j JndetJlèUrì8SS and to preV81lt (jnv deféHJIt un sUl~'11 illdebtt-':<I¡ ¿jI I')'
delault under th8 instrun1tllts evidencing such indebtedness, or any default under anV seculity docUII,t;fIlS fur such IlIdebtedllSSS
No lVIodification, Grantor shall not enter into any agreement with the holder of any mortgage, d8ed oj trust, or other security Jgreell1eiH
which has priority OV8r this Mortgage by which that agreement is modified, arnemJecJ. extellded, or rer12vvecJ v/ithout the prior ldl
consent of Lender, Grantor shall neither request nor accept any future advances under an\, ~LJch securitv âgrt;er11ent without the pricJI
hilltlen consent uf Lender.
CONDEIVINA TION, The followIng provisions relatinu to condemnation proceedings are a part of this l..lortga,Je'
Procéedings. If any proceeding in condemnation is filed, Grantor ,:hall promptly fl(jtiÍ',· Lemler 111 writing, ami Grantor shHII proll1plly take,
sLlch steps as Inay be necessary to dejend th8 action and oblarr] ¡he iiWdrcJ l:.Jrar1IUI rlla'( [,,, the nCoIII1I1al part\' in such prucecdll1[1' but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding Il'ý counsel elf its o\eln choice, arid Grantor
will deliver or cause to be deliv8red to Lender such instruments and docurnentatlon as llìay lit, requested lJY Lender frorrr lill18 tu Lillie 1(,
pernlit such participation.
Application of Net Proceeds, Ií all or any part of the Property is condemned by eminent domam proceedinSls or b'( an.,· pruce8din¡, or
purchase in lieu of condemnatioll, Lender may at Its election require that all or any portion 01 tlìe lìet proceeds of the aV'Jard IJe a¡ipliell to
the IndelJledness or the repair or restoration of the Propert\" The net proc8eds of the avvalcl shall mean the aWdrcJ after pavrnent lif all
re6sonatJ!e costs, expenses, and attornevs' fees incurred 1),/ Lel1lj(jr in connectiun vvjth the cLJndelTJnalion.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNIVIENT AL AUTHORITIES, The followin¡j pro'Jisions rei" IIn,1 to [joveml11emal taxes,
ftes and charyes are a part of ¡¡lis Murtgage:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in adclltiun tel thi" 1,;IOrlllij(!e and take
,'[hatel/er other action is requested by Lender to perfect and continue Lender's lien on the Real Properl'(. Grantor shall reirnln,II,,, Lender fiir
all taxes, as clesulbed below, together with all expenses incurred in recording, perfectil'lSj or continuing this fo¡]ortçjage, Il1cludinu V¡rtll0ul
limitation all taxes, fees, documentary starnps, and other charues for recording or reglsterir19 tl>ls Ivlortgage,
Taxes, The following shall constitute taxes to INhich thrs section applIes: (11 a specilll; tax upon this tVP2 of fo¡]urtgdUlc, or upon all or dil/
I'ort of tll" Indebtedness secured by this Mortgage; 12) a speci11c tax 011 Grantor,.'vhlctl Grantor is authullzed or required to :kl'J,;t fllJII:
pay"ments 011 the Indebtedness secured [¡V this type of Mortgage; (31 a tax on tills type oj Mort~Jdge char,lèdld¡, ¿ìCldi,1Stlllé Lel,,]er ur ii"
holder of the ¡,IOlfi; and (4) a sptciíic tax on dll or any portion of the Indebtedness or on pavments oj principal and interest l11ade L,'
Grantor,
Subsequent Taxes, If any tax to which this section applies is enacted subsequent 10 the elate oj this f'l1ortgilUe, this evelll Slldll IIdl/8 the
same efk¡;t as an Event of Default. and Lender may exercise any eH all of its available renledies for an Event 01 Dejault as pru'jlcled belov,
unless Grantor either (1) pays the tax before it becomes delrrrquent, or (2) contests the t,,:, as provided alnNe in the TaAes j L18IE
section and deposits with L8nder cash or a sufficient corporate sur81y bond or OI!,U secufll'( satisjactory tCi Lender
SECURITY AGREEIVIENT; FINANCING STATEMENTS. The following provisions relatinSJ tü Ihls Mortuaue as a security agreemelll are a pCHt (,I
this MortçJage:
Security Agreement. This instrurnent shall constitute a Securit'( Agreement to the extent 811'( 01 ¡he Pil,pert-¡ L'dbt(U,lIeS hxtures ¡,uil
Loan 1\10: 341719979
"~l-~i ,;[,.
IVIORTGAGE
(Continued)
!"'\ ('. r: ~ ~2
',) \" v ,_,
Page 4
Lender shall have ~II of the rigllts of a secured party under the Ulìlforrn Coml1ì8rcldl Cude as arnenderJ frufl1 tirne lU ¡inw
Secu,ity Interest. Upon request bV Lender, Grantor shall take whatever actioll rs requested bV Lender tr, perfect and CC,litlliue LelidiCr's
sé,curity intuEst in the Personal Prupertv, Ir1 addllion to recordilìfj this fJ1(¡rt~ òge in th8 real prcJpertV records, L811( t;[ Inay, at iJny lime dnd
v.'lthout further authollzation from Grantor, file eX8cuted counterparts, COI,i"s or repruduclions of this I'/lortgdge d,; d lirwncin!J st~tement,
Grilnwr sl',all reimburse Lender for all "xl~8nses incurred in perfeLtll,g or continuing this security interesT. UPCJI] default, Grantor slldll 1>(,:
remo\'e, sever or detach the Personal Property ¡rom the Propert,!, Upon default, (;ramor shall assernble an,! Persur1d1 Prupertv riot affixed
TU thb Prc)perty in a rnánner and at a plöce reasonably conveniellt tu Granlor dnd Lender dlìd rnakt: it ~j'./éJjJabJe t() Lender \,vithin thret: LJ¡
dii,!S iitkl receipt ot wrillen d¿mand from Lemler tlj the extent p2frnitted by dp¡)II,~a[¡le law,
Addlesses Tile mailIng addresses of Grantor (debti,rì and Lendu (securEd pdrtyl from which infurmatiul1 concerning the security liH(;lc";
grant8d lJy this ~,¡loltgage may be obtal11ed leach as required by tile Ulliic,rm Commercial Code) ilre as stiit¡;,J 011 the tlrsl Pi'cj" of ¡his
Mort>J dge,
FURTHER ASSURANCES; ATTORNEY-IN-FACT, The following provisions relating to further aSSUriJllCeS ami dltorne'!inlilct dre a part 01 tl',is
f,;1ort£jau&:
Further Assurances, At an\, time, and from time to time, upon request 01 Lender, Grdntor will make, execute and d"liJd, or VJlII CdUS,c ¡¡,
he made, execute,J ,J[ delivEred, to Lender or 10 Lender's deSI~Jlke, and when rEquested b'l Lender, ,ause to 118 tiled, r8cordeei, rdilp.ci,
r8rec:orcJecJ, as the eEls£: rnay he, at such tirllBs and ill such ()1¡¡\_:t;~ i.jnJ plaí~e$ dS Lender rrld!, d8ern apP¡() Jriat8, ällY and å!l such In0rl~éJ~F~~),
cJeëJs uf trust, security uE:eds, security 3greenlents, financing sla18ln8nt5, c( ntinuatjc!l1 staC8[YH::;nts, inSlrUnh-:lìls cd lurtlì8r d::;:..~urar'1l>:::,
certifl',ltes, d11c1 other documents as may, in the sole opinion of Lender, I,e neC2SSiJry or desirable in oreler tu ell(;clUd¡", l;ompld,' perl~ct,
continue, Cd preserV8 (1) Grantor's obligations under the Note, this Mortgdqe, and the F(t;la18c Dc,cuments, dnd (21 the I,¿ns imei
securit\, interests created b\, this Mortgage on the Property, whether nuw ovmed (,r hueafter d(,ijUlkd b\, GrdntrJr, Unless I'rOl11bitul IJ\,
law ur Lender agrees to the contrary in writin£j, Grdntor shall reimburse Lemler for all CDSb dnei expe/1ses incurr&d i/1 (;OIIII,"(I,U/1 v.'ith till'
matters referred to i/1 this paragraph,
Attorney-in-Fact. If GranlUr tails to cia dny of the things r8ferrecI to in the preceding para<jraph, Lemler rnav do S,-, I(.r i,rlei in the naI11', ot
Crantor and at Grantor's expense, For such purposes, Grantor hereby Irrevocably appoints Lemler dS GrdI1\Or'~ dl1i!rneYln faCl fOI 1h,,;
purpose oj rl'ldking, eX8cuting, deliv8rinu, jiling, recorcling, and doing all other tllings ~IS rnay I,e necessélf '! or desl( iJlJlt, ill L¿no[ "
c.pinion, to accomplish the matters referred to in the preceding parawaph,
FULL PERFORIVIANCE, Ij Grantor pays all the Indebtedness when clue, alld utherwise perturms all tile oLlligations Ilt',pOS"c! upon Grantc.r ulHIEr
this Mortgage, Lender shall execute and deliver tu Grantor a suitable satisfdction of this Mort~Jage and suit"ble Stdknlt,1I1S of krllllndtinn of '"1V
flnancln£j statement on file evidencing Lender's securit,! interest in the Rents and the Persr~nal Propen'! Grantor '-'Jill pa,!, II i,,:rrnilll:d L,'I
applicaLI," lavJ, an\, r8asonable termination fee as determined by Lenc!el Irom time tf' time,
EVENTS OF DEFAULT, At Lemler's option, Grantor will be In default undt;1 Ihis MortgaU8 ij an,! of the ÍlJ!loli'Jlng hdppen:
Payment Default, GrdnlOr fails to make any payment when due under the Illllebtecll18sS,
Default on Other Payments, Failure of Grantur within the time required 1,'1 this Mortgl,ge tu milkf; any pa'lrnem fur taxes UI IrISLlfill1L:e, or
an,! other pdýment n"é:essary tu prevent filing of (,r tu elfect discharge of an,! lien,
Break Other Promises, Grantor bredks an'ý promise made 10 Lender or fails to perform prornptly at thH lime and strictly in the manner
providerJ in this Mortgage or in any agreement related to this Mortgage,
False Statements. Any representation or statelllUll Illade Dr furl1Ìshecl to Lender by Grantor or un Grantur's lkllalf under Ihi, IdDrtgage or
tile Relawd Documents is false or misleading in any IIlaterial respect, ~ither no'.',' or at the tlrne IIldcle cn ,llI1lshecJ,
Defective Collateralization, Tllis Mortgage or any of tlk Related Documents ceases to 1)8 III full fore" ilml effect Ílncluding failure ot anv
collateral document to credte a valid and perfected security interest or lienl at anv time ami fOt ClnV reaS'ill
Death or Insolvency, The death oj Grantor, thE insolven::v oj Grantur, the appolmrnent uf a rEct;iver lor dl'l,! part of Grantor's pIUfJl" iy, allY
assilJllment lor thE; I,enefit of creditors, dny type of creditor workout, or the cornrn"ncement of ar,v proct;edlnu UIllJd iJrlV IJankrUi'¡C,/ or
insolvency la\'\!s b\' or against Grantor.
Taking of the Proparty. Any creditor or governrnental aSJencl' tries to tåke ii11',' of tile Properl',' ur iJilV other of Grantor's proP'Jr1y in \.'llii;h
Lender has a lien, This includes taking ot, garnishing cd or Ie'.' ¡lit',) (in Grantor's äccounts v/ith Lender H(J"-,c.'d, ¡j (~I"IIl()r disputes in
gCJod [dith 'Nllelller tile clairn 011 Wl1ich thee taking 01 Ihe PrufJdt'l IS ba"ed is valid 01 reasonabl8, ami It CJrallli,r lPves Lender vvrittell notice
oj the Cldll11 and furnishes Lender with monies 01 a surety bond satisfactory to Lel1CJer to sallsl\, tl1e clöim, the:'1 this cI"j¡wlt provisi0l1 will
not apply,
Existing Indebtedness, The payrnent of any Installmelll of principal or an,! intF.rest on the E>:isting Indebtedness is not lï1acJe within the tillle
required b,! the promissory note evidencin<j such Indebtedness, or d default OLcurs under the 111struII1ent securing such ir1dldJt8dness and is
not cured durin£.! an'/ applicable grace period in such instrument, or ullV suit or (;thf-;r actiun is cOlnnlenced to foreclose any e¡.:istiIlIJ ¡it~n (1/1
tile Property,
Breach of Other Agreement. Any breach by Glantor under the terms of any other agreement bdw8en Glimlor and L"llckr lhiJl i,¡ lint
remedied within an'! grace penocl provid¿d therein, including without limitêllion an,! agreement concernlf1g an,! IIICJeblcdn"ss or 0111er
obligatiun of Grant(¡l to Lendel, wlìether existing now or later,
Events Affecting Guarantor. Any of the preceding events occurs with r8spect to any guarantor, endorser, suret\" or ac:c(¡ll1modauc!Il party
of anI' of the Ind8btedrless or any guarantor, endorser, surety, or accomlilCJdalioll pdrty di8s or becomes incom¡letel1t, or revc,kes
disputces the validity of, or liability under, an,! Guaranty of the Indebtedness, In the eVent 01 a death, Lencler, å[ Its (,ption, may, but shill,
not be required to, permit the guarantor's estate to aSSUI1i2 uncondit/onallv the oiJliuations arisin<j ul1CJer the !cJuarant\, in a ITldrlner
satisfactol'ý to L¿11der, a IlCI , in doing so, cure any Event of Default.
RIGHTS AND REMEDIES ON DEFAULT, Upon the oc:currEnCf' (,I an Event of Default and at any time thereafter, Lender, Ell Lender's uptiun, may
r"xercise an'y' one or more of the following rights ami remedies, Irl addition to any other rights or I8medies prcwiclecl iJV ldw'
Accelerate Indebtedness, Lender shall have the riuht at its opt/on without notice to Gralllor to decliJr" the 8ntlle IndelJteclness inlll,edialf,l,
due and payable, including any prepayment fee which Grantor IJIJould iJ8 requilecJ 10 pay,
Loan No: 341719979'--'"
.,.' , I
J~(",~
IVIORTGAGE
(Continued)
(. 'J r G i 3
Page 5
UCC Remedies. VV,th respect tu all or any part of the Personal Property, Lender shall have all the rights and r8rlkdleS uf d S'cCUlcrJ pdrt\'
unrJer the Uniform Commercial Code,
Collect Rents. LencJer shall have the right, witl,out notice to Grantor, 1(¡ take possl'ssirJ!') oj the PII,put,,!, Includinij durinrJ the l't""I<cnc,' of
foreclosure, whether judicIal 01 norl'judlcial, anej coll"ct the Rems. includil'iU amuunts past dlk anel ullpald, and apply the net proceé'¡o, O!et'
and ai;r;'!e Lender's costs, aSjainst the Inclebtedrk,,'; In furtl1elance of this right. Lu'¡(J¡,r lIla,,! requlIE ilIIV tenant or Otlkr user of lire
Propenv to make paymems of rent or use fees rlill'Cli'¡ lD Lender, If the Rel11s ale collected by Lender, tl,en r~rdnlor "r"':''';dbl'l desiUllalf.s
LellcJtr as Glantor's ättc,rney in,factto enuorse Instrurnents received in päyment thereof in tlte name 01 Glamor orld W n"gutiilk tiE, Sdlllc-,
and collect the proceeds Pa,/ments by tenants or other users to Ld1der ili response tl, L"nder's demand shdll satIsfy the olJlluatluns r,)!
,;"Iiich tlie payrnenb are maele, w[wtller or not any pruper glounds for the d"mand exist"d, Lender may exelcis,' its lights UlliJð litis
sUI¡parEI:jrdpll eillkr III pelson, by ag"I1l, or tl1rough a receiver,
Appoint Receiver. Lender shall have the right to have a reC81ver appointed to take pCJssbsiun of all or any part of tl,,, Propl'rt y, I, 1118
pG\'/er to protect alld preserve the Propert'l, to operate the PropertV prtcl.:,"ding fort;closure or sai", dlld to coll",;¡ the Fients fruln the,
Propert'l aneJ applV the proceeus, over and above the cost of the receivership, iJgalnS¡ tile Indebtedn8ss The receivl,r ITiu; SerVe v.'ithuut
bonel if permitted b,,! law. Lender's right to the appointm"nl of a receiver shall exist 1j!lwtlkr or nut LI,e appiJIC,ii¡ \dlue oi the Prupertv
exceeds the Indebtedness by a substantial amount Empluyment b'l L8nuer shall not clisqudlìJy a pdson frc,1l1 ser 'ill '~J dc, iI lecel"er,
Judicial Foreclosure, Lender ['¡lay obtain a judicial dc',;r"e foreclusinG Grantor's interest in all or an,,! part ul tI,e hopert"!,
Nonjudicial Sale. Lender ma\, fc)rd;lose Grdntor's interest in all or in anI! part ot tile Propertv by nOIì,jucJicia! sale, amJ o¡Jt;(;¡jlI.'CIIIV by "PC,',!e,
01 sdle" or "advertisement äll<1 sal,," foreclosure as provided IJY stdlU1e,
De1iciency Judgment, If pelmmeej bV applicable law, Lender may obtain a judgment for dr1,! deficienc.,. rernaininSj In the Inrld.lweJrw"s ,ILk
to Lemler after application of all allwunts rec"ived fwm the exerCIse of the rights IJI uvided In this section,
Tenancy at Sufferance, If Grantor remains in possession of tlk Property uftt:r the PrUlkrty is solei as provideeJ alJOve or LenJd other',Clse
beccJr'nes éll1itl"d to possession cd the Property upun defaull oj Grantor, Gralltor shall lJucom8 a tenant at sutfrcr;Jlice of Leliu"r or tlk
purc.l\aser 01 tl,e Property ar1d shall, at Lender's option, eith", (1 I paY' a reasonable rental for the USI, of tile PIUpdl'/, or (2) vacate ¡he
PropertY' Imrnediately upon the demand of Lender,
Other Remedies, L~llder shall have all other rights and remedies .JIo'Jided in this Mon~uge or the Note or avai!ab!¡' ,.>1 1,,')/ or in eqult','.
Sale of the Property, To the extent permitted b'l applicable law, Grantor h"relJY wai:Jes an'ý and all right to have the Prupertv lI1i1rsh,, lcd
In exel cisinij its rights and rernedies, Lender shall be free to sell all or an,,! part of 1/,,, Property tugetli"r (;1' S',:piil iJtely, in une sale or by
separate sales, Lender sl1all be ,,,nitledto bid at any publIc sale ün all or an,,! pCJrtion of the Property,
Notice of Sale. Lender villi give Gran10r reasonable notice of the time and place of any fJulJlic sui" of th" F'doc)!)al Propert i or 01 II,,, rill,,"
after c\/l1ich any private sale or other Intenekd disposition of th" Pdsonal Property IS tu Le made, Heasonalile 110lice sha!! Ifl"arl Ilotice
given at least ten (101 days bejore the tlll1" of the sale or dispositiun, Any sale of the Pd',(1I1iJl PrUpHt,/ Illdy I)e I1ldCI" in CÙlijlJrlctlur\ 'eillh
any sal" oj the Real Property,
Election of Remedies, All of Lender's rights ami remedies will be cumulative and may be exercised alunE; or tO~letlter, An "Ii;crion I,V
Lender to choose an'l one remedy will not bar Lender from using ar1V olher remedv, If Lemler d8cides h, spend mOI1"y or 10 perform dni of
Cjrantor's obligations under this Mortgage, aft"r Grantor's failure to do so, that eJecisiol1 Ly LencJer :,;ill not alkct Lencl"r's ri~J!it to cln:ldre
Grantor in default amJ to exercise Lender's remedies
Attorneys' Fees; Expenses, If Lender institutes any suit or action 10 enforce any of the terms of this IJlortCJug", Lender shall I)" elltitiecl tu
recu'¡er SUCll sum as the court rnay adjudge reasonahle as attorneys' le"s at trial and upon allY apl~eal. I/Jltether or not an,! cuurt actllil, ",
involvE;d, ailll 10 the extent not prohibited by law, all rçasullalJle e^penses Lemlçr incurs tltat il1 Lé;I1lJer's 0 J111iun are necessar'l al anV tll,-;e
fUI the protection oj its interest or the enforcement 01 its rights shall become a purt of th" Indebt"dlless pavable 011 cl"mund "lie! shull ¡,8ur
interest at the Note rate fronl the date of the expenditure until repaid, Exp8nseS u"Jered bV this pdragrdpll illCluc!t" ':/Ithout !"-'Iitatiufl,
ho-.:¡ever subject to allY limits under applicable law, Lender's attorneys' fees ,,,,,I Llc!ìCJel's IHJdl eXIJellS"S \",¡ltetlkr Dr not tlklé I:'; Ic:,.,. SUit,
includinSt iJttorneys' fees and expenses for bankruptcy proceedings (including efforts to modifv or 'Jaeiik all'! autumatic Sid! or iIlJUIII,li""11
appeals, ami an'l allticipateel post'judgment collection services, the cost 01 searchinu records, olJtuilling titl¿ repc,rts linl;ludillg furec!c;sLliE
reponsl, surve"!ors' reports, and appraisiJl f"es and title Insurance, 10 the extenl perllll1teeJ bv åpplicatJI" 10',,1, Cí, iJl ;t,:r also I'"ill päl' dill'
cuurt costs, in addition to all other sums provided [J'Ilaw,
NOTICES, An\, nGtice required to be given under this Mortgage, illCludilìij VJithout limitU1lc"1 iJrlY notice of cleLjul¡ dllLl al'IV l1l,tic" of salte "hall I¡e
SJivell in ,-,¡riting, and shall be effective when actually d"livered, when actud!l; re,:eived Ly teleracsimil" (unless othel\''Jis" requir"rJ by lawl, WI\811
deposited vlith a niJtionally recognized overnight courier, or, if mailed, when u"posited in the United States rnail, ib fll,..t class, certìii,,(j or
"'gistere(j mail pCJstage ¡i,¡epaid, directed to the addresses shown near ¡he L8ginlìll'l!j of tltlS f'/lurtuage All copies 01 notiCeS uf luruclosure from
the holLler of any lien \",hich has priority over this Mortgage shall be sent to Leml"r's address, iJS shovIII II"CH the IJeglm¡in,J ul tl,is MortSJage,
AnI' pelsun may chalì!ji' his or her address for notices under this Mortgage by giving 10rmal writlen rlmice 10 the c¡Hler perS(Jll or IJdSOI'IS,
specifVin~1 that the purpuse of the notice is to chanue the persc,n's dddress, For notice purposes, Grantor agrees to keep L"nder iniorm",d at all
times of Grantor's current address. Unless otherwise pro'!ided or r"quirecl by law, if there is rnore than une Grantor, an,. rHitice given by Lender
to an\, Grantor is deel11"d to be notice given to all Glantors It will be Grantor's responsibility to tell the others of tlllè no lice frorn Lelider,
MISCELLANEOUS PROVISIONS, The following miscellaneous provisions are a parr of this Mortuage:
Amendments. What is written in this Mortgage ancJ in the Related Documents is Grantor's entire aweement with L"ncler concernillUih"
matters cCJvererJ by this Mortgage To be effective, an\, chanCJe or amendrnent to this MortSja!je must be in v!fitinu ami lI,ust be s;gllëC¡ I,',
'J'JhoevH will be bound or obligali:cJ by the change or amendment.
Caption Headings, Caption headings in this Mortgag" are for convenience purposes only aild are not to be used to interprel or define the
provisiollS of this MortgäUe.
Governing Law, With respect to procedural matters related to the perfection and enforcement of LE;nder's righb against the Propert,!, this
IVlortgage will be governed by federal law applicable to Lender and to the extent not preempted b'l fecleral law, the laws of the State of
Wyoming, In all other respects, this lVIortgage will be governed by federal law applicable to Lender and, 10 the extent not preempted by
federal law, the laws of the State of California without regard to its conflicts of law provisions. Hovvever, if there evel is a question dbdUI
whether any provision of this lVIortgage is valid or enforceable, the provision that is questioned will be governed by whichever state ü(
Loan 1\10: 3417"19979
~1_·~i
MORTGAGE
(Continued)
(-', r' ~....../ .~
ü1 '1
Paga 6
federal law would find the provision to be valid and enforceable, The loan transaction that is evidenced by the Note and this Nlortgag8 has
been applied for, considered, approved and made, and all necessary loan documents have been accepted by Lender in the St<,te of
California,
Joint ¡Jlid Several Liability. All obligations of Grantor under this Morl[jage shalllJe joint and sevual, dmJ all references to Grantor shall n,[;dl,
edc.h ,111U every Gr antor. This means that each Grantor signing IJ81úw IS responsible Jor "II obli[ atior1s in this f',10rtgage,
No Waiver by Lender. Grantor understan,J:.; Lemler will not give up anv oj Lender's rigllts under this Múrt\.ji1ge unless Lender dU8s so in
IfJllung, The fact that Lend"r delays or omits to exercise anv II[/ht VJill r'lot nkan that Lemler hils given ul' that rluhl. II LencJ"r d08s agrbtc
il1 writing to give up one of L8nder's rights, that does not mean Grantor willncJt have to cCJlnpl¡ will) the úlhe¡ pruvisiuns oj this ¡,/1ortllagtC
GrantcJI also understands that if Lender does consent to a request, that does nut mean thaI Gramor ":Jill not have tu get Lemler's CUlb".,m
again rf tile situation happens again, Grantor further understands that just because Lemler consents 10 onl, ur more 01 Gr"mor's rGljuests,
[hat does not mean Leml8r If/ill be required to c(¡nsent to any of Grantor's future reljuests, Ciramor 'Naives pres8lillllerìl. (1E;II1dntl fur
payment, protest, and nOlic8 of dishonor,
Severability, I( i1 C'[,urt finds that any provision of this Mortgag8 is not vallel or should nOl be enlurced, that fact IIY Itself If.'111 not 11,~iJl ,¡Idl
the rest of this Mort[Jage VJil1 nOl be vallc! or enforced ThE;refore, a court will enJorce the rest of th8 I'rc,visions of 11115 ¡./lurtgiJ[J8 e'j"'1 II d
provision of this Mortgage may be founcl to be invalid or unenforceable,
lVIerger, There shall be rlo merger of the interest or estate created by this MUr!gage with any other inwrest or t;Stok III the Prop"lt,/ dt iìrl\
timE; held by or for tile benefit of Lender in anI' co ,acity, without the written c'Jllsent of Lender,
Successors and Assigns, Subject 10 any limitations stated in this k1(,¡I[Ja, e on transfer r¡j Grantor's interest. this Ivlort[Jag<, shedl be; I~inlilr¡u
u -,on åncl inure to the benefit of the parties. thE;ir successors and assl~!ns If o'/'mership of th8 PrliPerty becurnes 'JestHI in å I'"rs(,n oilier
than (jrantcr. Lender, without notice to Grantor, may deal with Grantor's successors \Jith rejerencl; 10 this Mortgage ,'I "I lhe 1,'1ddJltcdli¿;ss
bV 'iiav of forbearance or extensic,n ù,ithout ,¿leasing Grantor frorn !hG (,bli\.jatic)J1s üt tI", Mortljage or lialJility under the; Inddnedl1/Oss,
Time is of the Essence. TIme is of the esserlce il1 the performance of this Mortgage,
Waiver of Homestead Exemption. Grantor hereby releases and waives all rights and benelits of the homestead eX8mption Idws oj thic. Static.
of VVyorning ao t[) all Indel)t"dness secured by this Mortgage,
DEFINITIONS. The following words shall have the following meanings '"hen used in tl1ls fv1ortga[ e:
Borrower, The v-Jorcl "Borrower" m¡c,ans TERESA G MAPES and f,J1ARK S MAPES arhl InclurJe,,, "II co-signHs ånd co' mill
Note and "II their successors and aSSlcjns,
Environmental Laws The words "Environmental Laws" mean any and all state, federill and local statutes, re[Julations ami urc!ìl1dI1CC,S
relating 10 the protection oj human health or the environn,el'¡[ including without lil1litatiun the C"rrq,r8Iìensr", En''',I''¡11118ntéil RespcilIC'"
Compensation. and Liabilit'ý Act of 1980, as amended, 42 U,S,C S/Oction 9601, et selj, ("CERCLA"j, tl,,, Superfund Amendmer1ts Mill
Reauthorization Act of 1986, Pub, L. No, 99-499 ("SARA"), the HdLarrJous f,¡laleri"ls Transportation Act, '-19 U,S.c. Section 1801 d see¡,
the Resource Conservation ami Recovery Act, 42 U,S,C, Section 6901, et seq" ChaptHs 6,5 thrc,u[Jh 7.7 "f DivlSicdl 2U of 11ie; Callfoll1ia
Health and Safety Code. Section 25100, et seq" or other åpplicable state or federall,'Ifis, rules, or regulations adopted pursuam thcl8lu.
<;içlllinD ¡I,,,
Event of Default. The words "Event of Default" rnean any of the events of defåult set forth in this fJ1urtuage in the events 01 delault
section of this f\llortgage,
Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness descrIbed in tl¡;· Existing Liens provision oj llliS
Mortgage,
Grantor, The wurd "Grantor" means TERESA G loJ1L\PES and MARK S MAPES,
Guaranty, The word "Guarantv" means tlw uuaranty from guarantor, endorser, suretv, or accol1lrnodJtiorl IJart'! tu L¡c,nd/Or. includin[¡
without lirnitation a guaranty cd all or part of the Note,
Hazardous Substances, 11 vNJrds "Hazardous Substances" r"ean materials that, because of their quantity, cCJncentraticili or physical
che¡Yììcci! or infectious characteristics, nlöy cause or pose a presênt or potential !ìú¿éHd to hurnón health ur the enVlfUI'HlItJìl \,v!'18r1
iml''',pGrly used, treated, stor8d, c),,,pused at. generated, ll1ånufactured, transported or ',tI1er"io" hillldled Ihcê 'lJor,L; "HéIZdrd(juS
Substances" are used in tI',,,ir very broadest sense and include '.vithout limitation any and all I,¡¡zürduus ur tOXIC: suLstJnc:eCi, Ii¡"terials or
waste as defined by or listed under the Environmental Laws, The terlll "Ha/cHdous Substances" ¿¡Iso ll'ìcludes, withoul lill1lldllOI1. lidruleulI1
ami petroleum by-products or al1Y traction thereof and asbestos,
Improvements, The \Nord "Improvements" means all existing and future irnprovements, buildIngs, structures, mcl,ile hornes affixed on the
Real Prupertv, facilities, additions, replacernents and other construction on the Real Property,
Indebtedness. The word "Indebtedness" medns all principal, interest, and other amounts, costs and expenses paj'able unclel llk f'Jut8 cJr
Related Documents, together with all renewals of, extensions of, modrtic31ions of, consolidations of and su!)stl1utluns Jor the ~Jots or
Related Documents and åny amuunts expended or advanced by Lender to (Jischarge Grantor's ulJligatluns or expenses iliCL, ,I 1JV L¡emlcr 10
8nforce Gråntor's obligations under this Murtgage, together with imerest on 'U'CI1 arnounts as pruvided il1 this Mortgage,
Lender. The word "Lender" rneans B,L\NK OF THE WEST, its successors and assigns The \NOrcJs "suc,:esSCJlS or assl,tns n1eall ón'i
Ijc]rSOn or company that acquires dny interest in the l\Jote.
Nlortgage. The word "Mortgag(," means this Mortgage betv..8en C;rantor and Lender,
Note, The word "Note" llieans the promissory note dated November 22,2005, in the original principal amount of $3') ,500.00
from Grantor to Lemler, together with all renewals oj, extensions of, modificaticJr\s of, refinar1cinçJs cd, cOl1solidéltioli' ul. ,meJ substitulic"I.'.
for the promissory note or aur,]en1ent. Th8 maturity dåte of this Mortgage is 11,19-2020. NOTICE TO GRANTOR: THE NOTE CONTAINS A
VARIABLE INTEREST RATE.
Personal PlOperty, ¡r1e words "Personal Property" mean all equipment, fixtures. ami uthd "rticles (if p8rsonal prOIJ8rt¡ no'l! or hereiiiter
owned by Grantor, and nOVJ or hereafter attached or affixed t(J tile Heal ProPHty, together Wltl, all acceSSions, IJarls. al',d dcJcJilllJl'/S to, all
replacements of, and all substitutions for, ani (J I sucl1 property; a III I tugethel .."..ith all IJI oceerJs iinc:lucJln[J withr,lil III 1111" dll 11'0"1 dll(;"
proceeds and reJunds nf fJf¿¡nlu/11sl 1",/11 anv säl8 or other dlspositicn uí the Property.
Loan No: 341719979
-- ...,~ .r.
I '
-'-~
MORTGAGE
(Continued)
'ì ", .,'\.. ,.-
'.'! 'I,', ï J.'
'." v_.
Page 7
Property. The word "Propell'/' means collectively the Real Property ånd the Personal Property
Real Property, The 'iJords "Real Property" mean the real prupertV. interests and riqhts, dS IUIII,er described in this Murtuage,
Related Documents. The wOlds "Related Documents" mean all pronlissory nutes, C¡todlt dgree/lwnts, loan ">Jreements, ellVlrrlf11l18ntdl
éI£Fêenlents, guardnties, security agreerrlt:;f1ts, rlìort~dS:Jes, deeds (;f tru::.l s8l;urilY deeus, cuJJclterô! lìl(jrtgag8s, iJnd aU olh¿f inSlrurrk:lll:
f/( reements and documents, whether now ur hefl"f/lter existin,J, executed 111 connection vlith tilL Indebtedl1ess,
Rents, The word "Rems" rneans all present amI future rents, re'jenues, income, iSe,utos, royalties, pro1tts, ami mher Ikrwflts Llerived irCII1!
thE: Propert y,
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS IVIORTGAGE, AND EACH GRANTOR AGREES TO ITS
TERIVIS.
GRANTOR:
/(/
X ¿lLL .2/__- J.9
TERESA G IVIAPES
í
iZ;L~¿.L--
/
:/'7/7. . ,.\1 /)' '/ .'
X /IL~l,/<_." -c.,. J.:::L
IVIARK S NIAPES .1---
INDIVIDUAL ACKNOWLEDGMENT
KiMütrìLY C, HOLCOMiI
¡,jolary Public
1",ion Counjy .
Wyornlr 19 t.'
My Ccmmlsslon t:)(pir,-5 MO." 1~, 2009 ~
On this day before me, the undE:rsigned NotalV Public, personally appeared TERE P S an IVIARK S NlAPES, to 1I1e known to be the
incll'!iduals described jn al1d '..:hu executed the Mortgage, ami acknovJledged tl,at tI,ev 5igned the fV10rluage as their free a11c1 '.'oIUrlliilV dct '" ,cl
deed, for the uses and pur poses therein rnenti~,~~~dt1(1 1-. ", . _,. /" ").c-'
G,ven ,under my hand and oft~clal seal ~hls #~__~~_~~ day of -ÞJL~d)J /~______~~____'_' 20_,{~:,___.
By --¥..ØJ1¡fri'¡'/,¡; -==>'">~ (/7 ,:;b~.:.:~,~-. Residing at ,~'f;C' ((Il, (i~<) /1 7~ì /\"
Notary Public in and for the £::te Of-f¡tJ Y lVIy commission expires_ .-,lJl,~.L-~_.____,____~__
ST A TE OF JJ,Y-OI-14..Li.lt
-,--L /
COUNTY OF __I_';;,:LQ,~_______~___
)
) SS
)
( (> :.J '" .
: .ùJ~:{. ~l
c-'-,::'ci'¡ ?,,(- L~r'-'';'J, ',0' ::'.':~'" ~'. '-_, ",.',:,~ rl.,~' ""~: :>,..,1',