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RECEIVED 12/7/2005 at 10:40 AM
RECEIVING # 914243
BOOK· 607
. PAGE: 33
LINCOLN CO~~~~NE WAGNER
CLERK, KEMMERER, WY
REAL ESTATE MORTGAGE
01')'011/ ing)
THlS MORTGAGE is gran/I'd by ALP EN HAUS INVESTl\lENTS ll, LLC, ({ Wyoming Limited Lillbi/ity CompallY, as
MORTGAGOR, 10
BANK OF COMMERCE, as Trm'tee of the DOROTHY 1. REINHART IRA, as MORTGAGEE
WITNESSETH:
Morlgagor, for good amI valuable consideralions, Ihe receipl of which is hereby acknOll'ledged, does hereby GRANT: B.-I Re-IIN, SELL, CUYlEr AND
WARRAN7~ andfurther releases and woives all rights under and by virlue of the homesleod exemplion Im!'s of Wyoming, IIn((¡ the Mortgagee, his
successors and ass(gns, all of the jòllowing described real property, to wit:
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Begillllillg at the SOllthea.\'ter~)i comer of Lot 1 ofAlpelldOl! SlIbdil'isioll, Phase 1 recorded liS II1\'t/'lll/lellt No. 7{)0391,
Lincoln COlln~)', Wyomillg said poillt beillg N6°4S'38" W 930.11 feet frOI/l the SOllth Qllllrter Comer ofSectiOIl 20,
Towllship 37 North, Rallge 118 West of the 61h p,¡U. ami fllI/lliI/1{ thellce N 15° /8'5 r IV 12,50 feet; thellce N7403:} 136"£
8.71 feet; thellce N15°27'24" IV 23.81 feet; thellce S74°32 '36111V 8.65 feet; thellce N15° 18'5r IV 19. 52feet; thellce
S74°51 1281' IV 31. 57 feet; thellce N15°081321' IV 12.88 feet; thellce S74°51'2S" IV 31.90 feet; thellce !';] 5°08132" E 12.88
feet; thellce S74°51'28" IV 32.42 feet; thence S15°20 104 "£ 19.53 feet; thellce S74°39'56" IV S. so feel; thellce SI502{)1{)4"£
23.81 feet; thellce N74°39'56"£ 8. SO feet; thellce S 15°20'04" £ 12.52 feet; thellce N74°50 '54" 1:.' 95.86 feet to the poillt of
beg ill II illg.
TOGETHER /VITH any and all improvements, water and ditch riglll.l·, righls ofll'aFs, easemenls, privileges, ventilating, lenements,
hereditaments and applll'lenances thereunto belonging 01' ÙI anY1!'ise appertaining, 11011' or hereajìer IIsed on said land 01' bdonging to
said ,I/orlgagor, and any reversion. remainder. rents, isslles and profits Ihereof hereinafter rtjèrred to as Ihe "Property".
Thi!;' gmllt i.I- illtellded as a Afortgage, a Fixtllre Filillg alld Secllri~)' Interest for the PIilj10se IIfSecurillg:
I. Pelformance of each agreement ofAlortgagor herein contained, each ogreem,·lIt and covenant contoilled ill the loan docllmellts associated H,ith this
mortgage, alld any extensioll, re II e1l'a I, modiflcation and/or amendment Ihereof "Loan documents" shal! include IIII' abOJ'e described nole, this
mortgage, and an)' other documents or inslrumenls signed in conneclion \I'illl Ihis 10al1.
2. Paymel1l oflhe indebledlless evidellced by a promissOl)' lIole of even dale herewith, and any extension or renewollllereof in the princl/)(d slim 0/
ONE HUNDRED FIFTEEN THOUSAND AND 00/1 OOTHS DOLLARS ($115,000 .00), Ihe fìnal i"')'III"lIt o(pril1Cï/)al and ill ICiest
thereof, ifnot sooner paid. to be final/v due olld payable December I, 2006,
3. Payment of a II such further sums CIS may hereafter be loolled or advallced by Ihe ;1 lortgage " for an)! purpose: and any notes, drafts an,flor other
inslrumenls represellling suchjilrther loans, advances or expendilllres shall be Opliollolwith the Morlgagee, and shull become dlle and payoh!e 110 later
thanthefinol maturity date of said lIote secured hereby; and providedfurther, thot it is the express intentioll oflhe parries to {lli.l\lur/gage Ilwl il shall
stalld as cOlltilluing security unlil al! sllch loans, advances or expenditures togelher with interestlhereon, are paid in jid/.
A. To proted the secllri~}' lifthÜ Alortgage, ¡Ifortgagor warrants, co~'elltlnts tll/(/agrees:
I. The property isFee fi'01ll all encllmbrances, except as may be described herein. and Ihal Morlgagor shallll'IlITw¡f and defi'nd Ihe some j<)rever
againsllhe lawfid claims and demands olall persons H'homsoever, alld Ihis coven Wit shallnol be eXlingllished hy jÒreclosllre or olher tramfers.
2. To keep all bllildings and olher improvements now or hereq/ìer existing in good condilion alld repair: to I/ot remOJ'e or demolish Ol/Y blli/ding or
other improvemenlthereon, 10 complete or restore promptly alld in a good H'orkmanslllf)like manlier (111)' improvt'llIL'nl H'hich may be cOllstructed.
damllged or destroyed Ihereon; to pay lI'hen due all claims/or labor pelfolïi/ed and IIwl2rialsflll"l/ished Ihereto or IIIL'rcjÒr; 10 campi)' lI'ith all 1011'S
ajjèclÌng sClid property or requiring an)' alterations or improvements to be made Ihereon: to 1101 commit (1/' pennilll'aste Ihl.!re%r IIIereon: to Ii/ailltain,
cultivale, irrigate, fertili::e, jiolligate, prune, all in a good and husbandl)'like mllnner, the land alld impro\'cmel1lS thereto; 10 not chllllge or permil change
in the use of the property; 10 IIOt do anything lI'hich 1I'0uld reduce Ihe value of the property: ami do all other acls whichjÎ"(iJlI the c'/wI"I/cler or use Of said
property may be reasonably necessw)', the speci/ìc enumeratioilS herein not excludill,>.; the general.
3. To provide, maintain and deliverfire insurance satisfactory and with loss payable to ilfortgagee; to mailltaill liabilily insurance: to !HIY oli
premiums and charges on all such insurance when due; and to provide ,\fortgagee sati.ljilctUl)' evidence o./sllch inslI/"(Ince upon re'juest. The Wllount
col/ecled lindeI' any fire or olher insurance policy may, at Afortgagee's option and delerll/inalion, he applied upon an)' indebtedness secured hereby in
sllch order as Jlfortgagee delermines, be released to kforlgagor in "'hole or part, or any combination Ihereof Such apj1lwI/lioll or retellse slndlnol cure
or lI'clive any defillllt or notice oldefault hereunder or invalidate any act done pursuanlto such nolice.
-I. To pay before delinquency all taxes, assessments, or rents ajfecting said property, 10 pay lI'hen dlle all enculI/brances, charges and liens, wilh
inleresl, aj}ècling said property which are or may appear to be prior or superior herelo, LInd 10 pay all cosls. /i'I'S and eY!Jenses oflhis .\f'J/'lgage and
Reu/ J:\'fole A for/gag!:'
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associated IOUlI docllments.
5. To pay f¡lIme(liately and lI'itholll demand all slims expended by Jlortgagee pursllanl to tlli: provisions hereof 1I'ith interest ji-om dote oj'expenditllre,
at a rate eqllal to the illlerest rate payable under the prulIlissory note described above or tl>'ell'e percenl (1 :!%) per anllllm, 1I'hiclli'ver is greater.
6 To appear in and defend any action or proceeding purporting to ajfect the secllrity hereof or the rigllts or pOll'ers ofMorlgugee, to pay, on demand,
all costs and expenses, including 1I'llhollt limitation, cost of title el'idence, reasolloble attorney's fees, advances, allJ'or costs, llilid or ill("Jll"/·ed by
Illortgagee to protect or enforce its rights under bankruptcy, appellate proceedings UI· olhall'iw, and all sucll cosls (IIul expellses shall becoll/e a liart of
the indebtedness secllred by this lIlortgage.
7. Shollld jllortgagorfail to make any paymenl or to do any act as herein p!"Ovided, Jlortgagee, but)\ ¡¡/lOlIt obliglltion so to do alld 1I,ithollt notice or
demand IIpon 1110rtgagor and lI'itholll releasing J/ortgagorfrolll any obligation hereof may: make or do Ihe SWill.' 11/ sllch manner and to sllch e.\fent os
:I/ortgagee ma)' deemnecesswy to prolecl Ihe security hereof Jlortgagee being authorized to enter IIpon s(¡id propertyfor SIlC/¡ I"uposes; IIppt'ar in ond
defend any action or proceeding pwporting to afficI the securi(v hereofor the rights or pOll'ers of:llortgagee; pa)', purchase, contest or comlJl'olltiS!! ony
encllmbrance, charge or lienll'hich in t/¡e jlldgmenl ofJlortgagee appears to be prior or supaior hereto; and in exercising al/y such p01l'ers or in
en/arcing this ¡\Iortgage by judicial jÒreclosllre or othenl'ise, pay the necessm)' expenses, costs and reasonable attomey'sjees.
8. To comply lI'ith all 1011'S, ordinances, reglllations, covenanls conditions and r!!slrictions ajfecting Ihe Pl'Oper(ll and ils IISi.', incllidi;;g II'ithollt
limitation all environmental la1l's,· not to use or permit the use of the Property for any Ullh/1lflll or objectionable pllrpose; to remedl' any ellvironmelltal
contalllinatioll or vio/alioll of environmenta/ laB's that may occllr or be discovered ill Ihe future; to allml' ,\lortgagi.'e access tu Ille Properly to inspect its
condition and to test and monitorfor cOlllpliance with applicable hms (any inspectiollS or tests lIuuli.' by MOr/gagee shall be ¡rJr ,I/ortgagi.'e '.\' pl/rposes
only and shallnol be construed to create any responsibility or liability 011 the purt a/Mortgagee to Jlortgugor or to all)' olha person), loj()/"\I'(ml cOl'ies
of any notices receivedji'om any ellvironmental agencies to '\lortgagee; alld to Jndemnifjl (fIld hold ,\forlgagee, his i.'lIIployee.\ ({genls ({udllis successors
und assigns. harmless ji-om and aguinst an)' environmental claims of any kind, and all costs and expens!!s incurred in conneclioll Iherell-'ilh, in ell/ding,
withal/I limitation, attorney's fees.
9. Any award of damuges il! connection Il'ith any condemnation for public lise of or injlilY to said IJropaly or any pari tllere,,;: is hae!Jy ol.I'glli.'d and
shall be paid to .llortgagee who may oPP~JJ or release such lIIonies received by him in tile ."Ollle II/Clllner and with t/¡e sallli.' ejleL·1 as a!Jm't' pUlvidi.'djor
disposition of proceeds oj/ìre or other insurance.
10. nil.' failure of,llortgagee to exercise any right or option provided herein at any time, shall not pri.'cllldi.' II!ortgagee ji-om exercising any ofsl/ch
rights at any other time,· by acceplillg payment of any SUIIl secured hereby ojii.'r its dl/i.' date, ¡I!ortgagee docs not 1I'ctive his right eitller to require prolllpl
payment II,hen due of all other SUIIIS so secured or to deel(/}'e dejillllt for failure so to pay; all rights conjel'lwl on Mortgagee ore Clol/I/lative and
additional 10 any righls conferred by lall'; and If any prol'ision is jiJUnd to be invalid or unenjÒrci.'able, such invalidity or IIIlelif()rceubilit)' shall nol ojlect
any otlwr provision hereofund thi.' mortgage shall be conslrued as Ihough sl/ch provision had been omit/I'd.
II. .·Js additional secllrily, .\Jortgagor hereby gives to and confers I/pon .\Iortgagee the right, p01l-er and uuthority, dl/ring the continI/once of this
mortgagi.', to collect Ihe rellts, issues and profits of said property as they become dlle and payable; Reserving hOB'el'er /lnlo ,l/ortgagor, prior to ony
default b)' Mortgagor in payment oj' any indebtedness secl/red hi.'reby or ill pelfoJïl/(/nce o(any agreement her!!lIIuler, the right to collect 01111 I eloin SIlCIt
rents, issues and projìts. Upon any such defalllt, .llortgagee may at any time B'ithout notice, eithe¡- i/1 person, by ogent or CO/lrt ({I'poinled ri.'cdl'er, wul
B'ithollt regard to the adequacy of any security for the indebtedness hereby secl/ri.'d, enter upon and take possessioll of said prolJi.'r/y or nny parr thaeo¡:
in his Own name sue for or otherwise collect such rellts, issues and prujìts, illeluding those post due alld III/paid, allil apply the Sillne, li.'sS costs alld
expenses of opemtioll olld collectioll, illcluding rensollable atto/ï/ey'sfees, UpOIl nllY indebtedness secured hereby, alld ill Sllell urder o.\\lougogee lIloy
determint' The entering upon nnd taking possessioll ofsnid proper(ll, Ihe collection ofsllch rellts, isslles nlld pro(ìts nlld Ihe opplimtioll thaeof as
aforesaid, shnllllot cllre or lI'oive allY delnull herellllder or ¡'¡1\'ididote any oct dOlle purSllallt to allY sueh deloullllotice.
12. DUE Oil! SALE: The indebtedness alld obligatiolls ,recurI'd by IMs morlgnge is persollnl to the Morlgagor 011£1 is lIot ossigllohle by .l!ortgogor
¡\/ortgngee hos relied 111'011 the credil oj'JlortgagOl:, the inti.'re.l'1 of,1/ortgagor ill thi.' Proper(ll nlld the jìllollcinllnorker eOlldiliol/S Ihen e.,isting ll'hell
making this lonn. lfMortgngor tmllsfers or COli tracts to tmll,jer, title to or possession of, all or pnrt of II Ie Properly, or OilY eqllitable illti.'rn/lhi.'rein,
whether by deed. contract for deed, assignment, lense for a term ill excess olone year, lease with nil option to purchase, optioll to I!/Irclwse, or similor
ngreemellt; or lithe ownership of any corporation or partlli.'l'sllljJ, owning all or any portion of the Property shall be elwngal dlher by voluntill)' or
illvolllntm)' sale or transfer or by opemtion of Inw, .Hortgagee moy declare all sums due IIndi.'!· allY nMe, si.'curityagre!!mellt, nlll/lor !thin docl/mellts
associoled herell'ith, immediately due and pnyable. ll/oncompliollce lI'ith this covenanl shall constilllte alld be n dejill/lt olthis obligalioll \I-/¡ic/¡ sh(dl
entitle Mortgagee to ejfectuate nny and all remedies provided.
13. Time is of the esse lice and a material part of this agreemellt. IlIlhe event ofdejillllt, the entire indebtedlless secllred haeby sllCIIIJ'lI,thll'ith becollle
dlle (Ind payable alld bear interest liS described and set forth in the Note this Mortgage secllres. Morrgagi.'e sh(dl hoVi' the righllo/Òredose (he lii.'n of
this mortgage, to have a reæiver appoinled in any court proceedillg. to collecl IIIIY rents, issn!!s 01111 projìlsji'om the Pl'Operry and apply them agoillsl the
indebtedlless hereby secured; to sell t/¡e Proper(l' at foreclosllre en masse, or as one lot or porcel at Ihe oplioll of.lIortgogi.'e, ond to exercise wlY rights
IInd remedies availohle under the UII/form COlnllli.'rcia/ Code jòr the Slate ill \l1Úch the property is local ed, and retl.\·(Jllabli.' notice ifri.'ifllired by sl/ch
Code shall be fivi.' (5) days.
1.¡. The Mortgagee may at any time, without notice, release porlions of said mortgaged premises ji-Olll the lien ofthi.l" mortgoge, II'illl<i1l1 uffectillg the
personal liability of any persall for tlli.' paymellt of the said indebtedness or rhi.' lien of this mortgagi! IIpon the remaillder of II Ie 'lIurlguged premisesjòr
thi.' filii amOU1I1 of said indebtedness then remaining unpaid.
15. Mortgngor and ench of Ihem join in Ihis instrllmenl for the purpose olSllbjeclillg each of their righi, title 011£1 illterest. ifany, in t/¡e Property,
whether of record or othenl'ise alld inellldillg any right to possessioll, to the liell of this mortgage.
16. This lIlortgage, all loan documents nnd the note(s) secured hereby shall be govemed 011£1 cOllstrlled according to the Inws of the State of Wyomillg
III the event of dejil/llt. .I!ortgagor grnnts to .llortgagee a POll'er of Sale to foreclose on and sell said property nl Pllblic Ol/ctioll pllrSllOllllu Wvoming
Statute Section 3'¡-'¡-101 et:sec¡.
17. This mortgage applies to, inures to the bene(ìt of alld binds all parties hereto, thdr heirs, devisees, personal ri.'presentatives, Successors and
assigns. The term Mortgagee sholl mean the holder and oll'ner of the note secllred hereby, or if the lIote hClS been pli.'dged, Ihi.' pledgœ thereof Inlhis
,I/ortgoge, wherever the cOllte.,t so requires, the masculine gender illeludes the feminille illl,Por neuter, and the sillglllar number ineludes the plural,
Real Eslale ,Horlguge (/:99) . Page 2
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Dated:
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Care McC/il/tick, Mu lUger
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.3. oS- , before /lie. the IIlIdersigned, personally appeared
in!wrt and Gene McClinlick
~R7; ~;.C;'N~. '~'F;l'.·.
NOTARY PUBLIC
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/«('u! l:\I(Jle i\ for/gag.:
Dorm/¡ylYt