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RECEIVED 9/19/2006 at 8:35 AM
RECEIVING # 922568
BOOK: 634 PAGE: 116
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
.... ~.,....
s,-.u-. Doll ~ Pw..........
MORTGAGE
(With Future AdYmce Clause)
1. DATE AND PARTIES. Tbc dúc of Ibis MOI1I~e (Sc:œrity Instrumeot) is ~.1.~'-'IQII.................................... mil 1be
pIII1ies, Ibår addreaes mil tax idøtrifir.otkmllUlllbtn, if requiraI, Ire as folJows:
MORTGAGOR: 1MJTHY RII'PWIII MID IÐiII AMIIE FOI'PIANII, HUS8AIIO AlII WIfE
2311112111i IIUTΠ111M
CAIftÐN IAIŒ. CA 12587
o H dJected. ráec to lac IØadIrxI Addeodum iocorponted bereiD. fIX' additiœIl MOI1Iagors, Ibår Iipatura aDd
acbJowlc:dpoems.
LENDER.:
.... OF JACDOIIIIfOI.£
IIIGAMlEO AlII EXJSTM IIIIER TME LAWS OF 11IE STATE OF WYOMING
_ W.IIIOAllWAY
P.D. 1II17IDJ JACISOI. wr l31li2
2. CONVEYANCE. FIX' 1004 aDd vaIuabIc ~ die m:eipt mil IIlfIiciœcy of whid1 is ~, mil 10 secure
die Sec:un:d Debt (defiDCd below) mil MCII1p¡IX"I ¡xd0Dlllllll:C IIIIIIa: Ibis Sc:œrity IIIIInImeoI., MCII1p¡IX' BDJII5, _,aiDs,
c:œveys, ~ mil WUIaDfs 10 Leudr¡-, withpoW'Cl'Ofsale, die follOWÎDldesaibedJII'DPCrtY: LDT27OFSALTRMRCOVEIIMSION
10. 2. LIICOUI CIII.WTY. WYOIIIIG AS DESClllllED OITME IIFFICW. PlAT 1ŒIÐIF.
Tbc JII'DPCrtY is Icx:aII:d in ............................... ....! .Ç~lt.............................. .. J.!!T ,lt~:r.!I!Y!R~... ... ............... ...
(Cftáy)
...... .................. ............ ... ......... ............ .... .... ........... ...... ..~. .......... ........ ..... WyominJ ... ......~J1A ........
(MdJaa) (city) (ZIP Code)
TOJeCba" with an ripts. euaucoIs. appurtenaDI:eI. royalties. miDera1 ripIs. oil mil ps ripts. an wala" mil riparian ripIs.
dùcbes, mil wata" stock mil an c:xisIios mil fuIurc: improvCIDCDIS, 1IrUcIures, fiDures, mil rqII-__s tbat may DOW, IX' at
my lime in the fiIIure, be .-n of the I'CIII. emrc described above (an refenallO U "Property").
3. MAXIMUM OBLIGATION LIMIT. Tbc IOCIII prinI:ïp.I mMIIIDI secured by Ibis SecuriI.y IDsIr1lmeol at my me lime IbaII DOt
exceaI S ,J!II..I!I!9.I!9......................................... . This Iimitatioa of IIIIIIIUIIt does DOt iDclude ÎI*Iat aDd oda fees aDd
c:bqes validly u.Ie purmmI 10 this Security Iusb:umem. Also, Ibis Iimitatioa does DOt IppIy to _VaIII:CS u.Ie 1IDder the
tams of this Security Instrumeot 10 protect Leudr¡-'I securily aDd 10 perfonn any of the COVClllllrS c:oaIaÏIDI in Ibis Security
.... .........
... SECURED DEBT AND nrI'UIIE ADVANCES.. Tbc leon "SeaJmI Debt" is definr:d as follows:
A. Debt ÏDcuIred IIIIIIa: die ~ of .u pnIIIIÌIIory 1IDfI:(1), COIIIrW::f(s), JllllnDtY(s) IX' oda evidcuœ of debt described
below mil an 1beir "'~, n:œwaIs, modifica1ioas IX' subsb1u1ioas. (MIen ~ tht! debu below it is
SII.I~ that)'OU Ï1tt:bItk ÎU!IIU IIICII tIS~' ntIIrID. 111M ØIIIOUIfIS. iIfIÐ'Ut ITIID. mDIIIrity døt6, etc.)
PIIOIIISSOIIY IllITE 1111132 DATED S8'TEII8ER Iii. 2Ø116.11IE AIIOIIff OF uœ,llOlJ.ØJ
WY_. _eA_ INOT FOIl_A. ~C. FHA 011 VA USEI
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B. An fu1ure IIdvaoccs frœ¡ Leader to M~Œ Œ oIbcr fu1ure obIiptiœs of M~Œ to Leader UDder Ill}' promis5ory
DOte, COIIInI;t, BUaraoty, Œ oIbcr cvideŒc of debt cxeaøcd by M~Œ in faVŒ of Leader a.eaøed úta" Ibis Security
IDs1rumcur wbetbI:£ Œ DO( Ibis Security IusIl1lmr.Dt is spccificaI1y n:fc:mx:ed. H IIIIJI1: !ban ooe penœ sips Ibis Security
Instrumcm, each M~Œ asn:cs tIW Ibis Security IDsIrumcm will secure III fu1ure Idv_ aDd future obIigaôoos
tIW an: ziven to Œ iocum:d by Ill}' ooe Œ mon: M~Œ, Œ Ill}' ooe Œ IIIIJI1: M~Œ .... odKn. All fu1ure
Idvauces aDd' oIbcr fuIure nhI¡ptinn. an: IICWRd by Ibis Scturiq Iøsttumcoa even 1bou&h III CI£ part may DOt yet be
adVIIICCd. An future IIdvaoccs mI oIbcr fuIure obIiptioa& an: ICC1II'ed IS if made œdle dale of Ibis Security Instnmcat.
NIIIhiDg in Ibis Security Instnmcat sbaI1 coostiaøe . c;nmmi........ to mab: additiœaI Œ futurc loaDs Œ advauces in Ill}'
-.mi. Any such..........m.-1IJIIIt be agreed to in a separate W1"ÍtiDI,
C. An nhliprilJllS Monp¡CI£ owes to Leodcr, wbich may Iafa" arise, to die wcm DOt prOOibited by law, ÍOI:lUdioI, but DOt
limiraI to, liabililics fŒ 0YmIn.fts IdatÍIII to Ill}' deposit aa:ouot IIIfCCIDI:III bc:IMea M~Œ mI Leudcr.
D. All addiIiœaI sums Idvaoccd aDd eIpaIIeI iocum:d by Leudcr ir insuring, pn:servÏiJ« Œ odJr:nrise prota:tin¡ die
Property aDd its value aDd Ill}' oIbcr sums IdvIŒCld aDd apaIICS iocum:d by Leodcr IIDIk:r die tams of Ibis Security
IusIrumaJL
This Security IDscrumcot will DOt secure Ill}' oIbcr debt if LaIda- fails to ¡iw: my n:quircd DO✠of die right of racissiœ..
.
5, PAYMENTS. MŒfp¡CI£ asn:cs dial III paJIDIUS UDder die Sec:umI Debt will be paid wbcn clue aDd in aa:on:IaŒe wiIh die
lams of 1be Sec:umI Debt mllbis Security IusIr1lmalL
6. PRIOR SECUIUTY IN"I'ERF.STS. W"1Ib. rqanl to Ill}' oIbcr 1DIXtp&e, deal of truIIl, sa:uri1y apaDID CI£ oIbcr Jia¡
cIocumcoI1bat creaICd . priŒ sa:uri1y ÍIIII:n:St CI£ CIII:UIIIbnIII: œdle Property, M~or asn:cs:
A. To mab: III paymaJIs wbcn due mI to pcrlorm CI£ comply WÏIh III covcmurs.
B. To prumpIIy dcIivcc to Leudcr Ill}' DOIices 1bat M~Œ m:eives frœ¡ 1be bolder.
C. No( to aDow Ill}' mndm.-."nu Œ CX1aIsÍOI1 of, IlOl" to n:quest my fiIIIue IIdvaoccs ~ Ill}' DOte Œ a¡rccmeur secun:d
by die Jia¡ doaJmeot WÎIbIIIIt Leudcr's prior wriIfm cœseø..
7, CLAIMS AGAINST 1TILE. MŒfp¡CI£ will pay aD lUes, .._~. lieas, aICIIIIIbnDI:cs, kase payDICIIIS, puuud rents,
1IIiIiIics, aDd oIbcr c:barses rcIaIiJJB to 1be Prapc:rty wbea due. Leodcr may requiR MOI"tpSΠto provide to Leader copies of aD
DOÛI:eI dial such IIIIOIIIIIS an: due aDd 1be m:eipIs CVÏIImciD& MOI"tpSŒ'S paymeøL Mort¡qŒ will defeud title to 1be
Propcny apinst Ill}' claims 1bat would impair 1be lien of Ibis Security 1ostmmaJt. MOI"tpSΠapes to assip to Leader, IS
m¡ues&ed by Leader, any ripU, claims Œ clefaJscs M~Œ may have against par1ies who supply labor Œ IIIIft:riaU to
IIIIÏDIain Œ improve 1be Property.
8. DUE ON SALE OR ENCUMIUIANCE. Leader may, II its ÐpÛon, declare 1be CIIIi.re balaoœ of 1be Sec:umI Debt to be
irnmrdi~ clue mI payable upœ. 1be aeaIiœ. of, CI£ cœIná fCl£ 1be aeaIiœ of, Ill}' Iim. CIII:UIIIbnIII:, InDsfI:r Œ sale of die
Property. This ripI is subject to 1be raIrK:tíoos imposed by fI:deraI. law (12 C.F.R. S91), IS applicable. This WVCIIIIII sbaIl
IUD wiIh 1be Property aDd sbaI1 rauain in c:ffa:t uatil1be Sec:umI Debt is paid in filii aDd Ibis Security Instnmcat is rdeucd.
9, ftl.OPDTY CONDmON, ALTERATIONS AND INSPECTION. M~ will Uep 1be Prapc:rty in Sood cooditiœ aod
mab: aD Rpain dlat an: rasooabIy œcessary. Mcx1IqŒ sbaI1 DO( commit Œ allow Ill}' waste, impairmœt, Œ defericntion of
1be 'Property. M~ will bcp 1be Property fu:c of noDous weeds .... puleS. MOI1p&Πasn:cs dial 1be oalllre of 1be
0CCUJI8IICY .... use will DO( .........",¡.11;y ~ wi1bout Leader's priŒ wriaca COIIICIIL MŒfp¡CI£ will DOt pcuoiIlIl}' dJauBe
in Ill}' Iia:usc, restrictive covœant CI£ easrm:ot wiIbout Lcuda-'. prior WIÌtIaI COIIICIIL M~Œ will DOIify Leader of III
demmds, ~, claims aod IICtioas apiDst M~Œ, mI of Ill}' loss Œ clanJqe to 1be Prapc:rty.
Leodcr Œ Leoda's qaJII may, 1Il.cadcr's Ðption, cmer 1be Property II Ill}' ~ time fŒ 1be pIIIpOI!e of iDspc:ctin¡J 1be
Property. Leoda sbaI1 ¡iw: MOI1p&Œ DO✠111be time of Œ befon: m iDspecJiOll specifyiua a reuoaabIe pIIIpOI!e fŒ 1be
i~ Auy íuspectioa. of 1be Property sbaIl be eutireIy fŒ Leudcr's beœfit .... MOI"tpSŒ will in DO way rely 011
Leoda's iDspectiou.
10. AUTHORITY TO PFJIFOIIM. H MOI1p&Œ fails to pcrlorm Ill}' duty Œ Ill}' of 1be c:ovcoaors cootùucd in Ibis Security
Instrumeot. Leudcr may, wiIbout DOCice, pcrlorm Œ cause tban to be perfŒDJed. MOI"tpSŒ appoiDII Leudcr IS attŒuey in
fact to sip Mort¡agŒ'S name Œ pay Ill}' -.mI œœaury fŒ pc¡fÒlIllill&C. Leader's rWu to perfunn fO£ MOI"tpSor sbaII
.... aeare an obligation to pcrlŒD1, .... Leader's faibn to perfunn will .... pn:dude Leader frœ¡ eun:isiD& Ill}' of Leader' 5
oIbcr ripU ~ 1be law Œ Ibis Security 1Datrumeat. Hill}' CODSInIcIioa 0II1be Property is disc.-ï..wd Œ DOt c:anied œ in a
n:uooabIe -, Leoda may tIIœ aD stqJII III:CCSSU)' to protcc:t Lc:odCl"'S sa:uri1y ÎnIa'eSt in die Property, iDcIudinB
CÐIIIpIetion of 1be COIISIlUI:IÏœ.
11. ASSIGNMENT OF LEASES AND IŒNTS. MOI"tpSŒ im:voc:abiy BfUIIs, t.rpins, cœ.veys, IIIIII1pFS and wuranrs to
Leoda as addiliaoaJ. accurity aD tie rip!, tide aod inrCI"est in and to Ill}' aad all c:xisIiDB ΠfiIIIIR leases, subleases, and Ill}'
oIbcr wriøcu. Œ verbal qreemœIS fŒ 1be use .... IICCUpaDI:J of Ill}' pŒtiœ of 1be Property, ÏDI:I1IdÎIII my exIcDsÎOIIS,
rœcwaIa, mndm....vu Œ subslimrioos of IIICh qrcements (Ill referred to IS "l.euea") and raJù, issues and profits (aD
n:faTed to IS "RaIla "). MOI"tpSΠwill pnxI1ItIy provide Leader wi1h true .... com:ct c:cpic:a of aD c:xisIiDB and future Leases.
M~Œ may c:oIlect, ra:åve, œjoy and use 1be RœIs so lq IS M~Œ is DOt in default UDder 1be II:mJs of Ibis Security
IustrumaJt.
M~Œ qrœs 1bat Ibis ~ is ÍII1nIMiatfty effi:ctive bc:IMea 1be parties to Ibis Security 1DaIrumaJt. M~Œ
qrœs dial Ibis ~ is effi:ctive IS to third parties wbcn Lcødcr Iùes aftirmaôvc: a&:Jiœ prescribed by law, and 1bat Ibis
asaipmmt will n:main in etm:t tIurù!I Ill}' ft:dcmpûoD period IIIIÔI 1be Sec:umI Debt is satisfied. Mortp&Œ apes dial
Leoda may tIIœ ICtuaI poIIKSIioa of 1be property without die acc:essity of &:oIDJDœ(;ÏDlqal a&:Jiœ .... 1bat ICtuaI posscssiOll
is deemed to occur wbcn Leader, Œ its qeot, DOtifies MqqŒ of default aod demands 1bat Ill}' teoaot pay an future Reøts
dim:tly to Lcuda. On RCeÌVinI DO✠of default, Mort¡qŒ will CDdorse mI delivCl" to Leader any paymeot of Rcuts in
MqqŒ'S poaseasion and will ra:åve any Reøts in InIst fŒ Leodcr and will DOt c:ommingle 1be Ileøts wilh any OCher fuods.
Auy UDOUIII5 c:oIlectcd will be applied IS provided in Ibis Security 1Dstrumeot. Mort¡agŒ wurauts tIW 110 default exists ~
1be Leases Œ Ill}' applicable IaodIŒdhcoant law. Mortp¡or also asn:cs to maintain aod require Ill}' teoaot to c:œupIy wilh 1be
II:mJs of 1be Leases and applicable law.
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12. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Mortwor agn:es to corqJIy wilh !be
provisiœs of my Icasc if Ibis Security Ius1rumaaI is em a k:ascbdd. If !be Property iDcludes aUDit ÌD a mndtwninium or a
JÜIIIDI UDit devdqJmcut, Mortwor will perform all of Mortwor's duties uudt:r !be coveøaots, by-laws, or rcgulalioos of
!be c:oadomioium or pImœd uuit devdÐpDCDt.
13, DEFAULT, Mortwor will be ÌD dc:fauIt if my party obIipt¡cd em !be Sa:um1 Debt fails to make paJIDCDt wba1 due.
Mortwor will be ÌD default if a bn:ach occurs IIIIdec !be tams of Ibis Security IusuumeuI or my oCbec cIocumeaI exeaJIed for
!be purpœc of cceatÌDI, securiu¡ or ¡uarantyio¡ !be Sec:ured Debt. A Bood failh bdir:f by Leudr.I" 1bat Leader at my time is
insecure wiIh respect to my pcISOD or coIity obIiptcd em !be Secured Debt or 1bat !be prospect of my paymœI or tile value of
tbc PrqJmy is impaired sbaIl also COIISÛIUtI: m evc:ut of default.
14. REMEDIES ON DEFAULT. In SIJIIIC ÏDaIaŒcs, fedc:nl aud state law will require Lcodc:r to provide MortwOl" wiIh IIOIÍa:
of tbc ri8bt to cure 01" oCbec IIIIIica aud may establish time scbeduIes fir forcdOlUl'C actiœs. Subject to dJrsc limitatioos, if
my, Lcodc:r may accda:ùe !be SecunxI Debt aud foreclose Ibis Security IDstrumc:ut ÌD a _ provided by law if Mon,öI801"
is ÌD defaulL
At tbc opâon of Leadcr, all 01' any part of Ibc agrœd fees aud dw'ø;es, Icaued iDaest aud priucipaI sbaIl become ÌIrnnr1tiatdy
due mil payable. aftrz IÍVÏD& IKJÓI::c if n:qoircd by law, 1IpOII 1bc oa:urrcuœ of a default 01' anytime 1bt.n:úta". In addiIiOll,
LaJdc:r sbaII be CIIIidr:d to aD !be rrmcdies proridcd bylaw, !be tams of !be Secured Debt, 1bis Security Iostrumem aud any
rdataI dnr>_ ÍIII:lIIdÏII&, wiIbourlimibtinn. !be powc:r to sdI!be Property. All rcmediœ an: distÌDl:t, CUllllllative aod DOt
exclusive, aod !be Leadcr is aJIÏIkid to aD remedies proridcd at law 01' equity, wbeIber 01' DOt expressly set fmh. The
.".,.",.oœ by Leadcr of any SIIIII ÌD paymcot 01' pmial paJmCIII em 1bc Secured Debt aftrz !be t.Iaua: is due or is aa:ck:nled
or aftrz forcdOlUl'C proc;cccIiøp an: filed sbaII DOt COII5tÏ1ufe a WÚVCI" of LaJdc:r's ri&bt to require COIqIk:te tun: of my ~
default. By DOt cIm:ÍIÚJI any n::mr:dy em MortwOl" s dcfmIt. Lcudcr docs DOt waive Leader's rip¡ to IaIu c:oosidcr !be CVCDI
a default if it c:œtiDues 01' Iurppcus apiD.
15, EXPENSES; ADVANCES ON COVENANTS; ATI'ORNEYS' FEES; COlLECTION COSTS. Eucpt wbat prohibited
by law, MortNor &BJ'CCS to pay aD of Leader's cxpcascs if MOI't8ö18or bn:acbes my COVCDaDt ÌD Ibis Security Iusttumem.
MortwÐl" will also pay em daDaud any IIIDOIIŒ iDcurtcd by Leadcr for ÌDSUritI¡, iuspectiu¡. prcsa'\'Ìq 01' oIberwisc
protcctÏIJ« !be PrqJmy aud Leadcr's sccurit.y ÍDICI'C5t. Tbesc expeascs will bear interest fnJm !be date of !be pa}'tllCllf until paid
ÌD full at 1bc hipest ÏDfa'CSt rare ÌD cft'cct u provided in tile tams of !be Secured Debt. Mortgöl801' agn:es to pay all cosIs aud
cxpcascs iDcumd by Leader ÌD c:oIIa:tin3, ~ or proIŒtiøg Leadcr's ripIs aod remedies UtIdcr 1bis Security Iøstmmcur.
This IIIDIJUIIt may include, but is DOt 1imifed to, rcasoøabIc attmJcys' fees, court costs, aod oCbec leBa! cxpctllCS. This III10UIIt
docs DOt include attDmcys' fees fir a saIaricd employee of !be Leadcr. This Security IusIrumcot sbaIl remain ÌD cffect until
rdcuc:d. Mortwor agn:es to pay fir any ra:mIatioo costs of such rc:lcasc.
16. ENVIRONMENTAL LAWS AND IIAZARDOUS SUBSTANCES, As 1IICd in Ibis SCCÛOD, (1) EaviroaaJcor.I Law means,
wiIhout IimitatiOll, !be ~.:ku.ive Enviroomcuta1 Rcspoo¡c, Cœl lalS&lion aod Liability Act (CERCLA, 42 U.S.C. 9601
ct scq.), aod all oCbec fedecal, Slate aud local laws, rcguIatioos, ontiJwJcc:s, court onIcrs, aaomcy ø;eœnl opiniœs or
Ìllll:l'ptdive lcncn ~ !be public bcalth, safety, -uue, cuviroomcnt 01' a IYDrdous substaDcc; aod (2) Hazardous
Substaocc DICIDS any toxic, ndiOláÎve 01" hazardous material, waste, poUutam ÐI" rnnt....n-.. whicb bas clJaractcristic which
RIIIIa- !be IIUbsIaDcc dauFrous 01' poICDtiaIly cIqcrous to tile public bcallh, safety, welfare 01' CIIVÎroImCJJI. The term
includes, wiIbœt limibrinn. any substaø.:ca dcfinl:d u "hazardous maraial," "toxic substaŒes," "hazatdous waste" or
"Iw:udaus su1JsIaDa;" UIIdc:£ my EtaYitœmaJIal Law.
M~ rcpt'CSCIù, warraats aDd agn:es 1bat:
A. &&:cpt as previously disclosed aod ackuowlcdgcd ÌD writiøg to Lcodcr, 110 HUIII'doos Substaucc is 01' will be located,
sfot'cd 01' rdcucd em 01" ÌD !be PrqJmy. This rcs1riction docs DOt Ipply to small ~ of HazmIous SUbsImccs 1bat
arc ø;mcnIly rcc:opizcd to be JIIIIII'OprÌàe fOl'!be tIIJDDal use mil 1IUImr.".","Ç(' of !be PrqJmy.
B. Eucpt u ~ disclosed aud actmwIcdscd ÌD wriliD« to LaJdc:r, MOI't8l1or aod every tcDaDI have been, an:, aud
sbaIl rcmaiD in full ~i........ wiIh my appIiI:ablc: EtaYitœmaJIal Law.
C. MOI't8I1Œ sbaIl intrnr,di."'¡y DOtify Leadcr if a rcIcasc 01' 1brcatcøal rcJcasc of a Hazardous SUbstaDcc occurs 011, UDder
or ÜJouI !be PrqJmy or 1bcrc is a violatiœ of any Enviroamctdal Law COtII:CJ'JIÍDB !be PrqJmy. In such m cvcut,
MOI't8ö1801" sbaII tate all œccssary n:m:dial actioo in accordmcc wilh my &viroomcoIal Law.
D. MOI't8I1Ð1" sbaIl imrntowIialdy DOtify Leadcr in WI'ÌIÍDI u SOlID u MortpøOl' bas rcasœ to bdicvc 1bcrc is any pcodiJJ¡ ÐI"
thrcúaIcd ~tioø., daim, 01' proc:ccdiu& tdatiu& to !be rdcue 01' thrcúaIcd rc1casc of any Hazardous SUbstaŒc or
!be violation of any F.aviroomeuraJ. Law.
17. CONDEMNATION, MortwOl' will ø;ivc Lcodcr pr~ DOIÌI:C of any pcodiJJ¡ or 1brca1etlcd Ktioa, by private or public
CIItitics to pun:huc 01' tate my 01' all of !be Property 1IIroop r.nndronn"fÏno\. cmincut domain, 01' any oCbec DICIDS. MortwÐl"
autborizcs Lcndtr to ÍDta'WDe ÌD M~lIor's oamc ÌD my of !be above described actions or claims. Mortwor assips to
Lcodcr !be proceeds of any awmt 01" daim for damaøes CIIIIIICC:œd wiIh a c:œdcmaation or oCbec Iatin& of all 01' my part of !be
Property. Such proceeds sbaIl be t:OIISÌdeI'ed paymcots aud will be applied u provided ÌD Ibis ScaIriry 1DsttumCDI. This
assigmnaø of proceeds is subject to !be tams of my prilli' IIIOrtpIc, deed of 1nIst, security agrcaDCIII 01' oCbec lien documcut.
18, 1NSUJ1ANCE. MortwOl" sbaIl kcp PrqJmy insured IpÏDSt Iou by fire, flood, 1beft aud oIhcr hazards aud rists rcuœabl.y
associated wiIh !be PrqJmy due to iIs type aud location. This ÌII5IIntICC sbaIl be _i.....inr.d in !be &IOOUIIts aud fill' !be periods
1bat Lcodcr requires. The ÌII5IIntICC c:ania" providing !be ÌDSUlaDI:e sbaIl be chOIIcu by Mortwor subject to Lcodc:r's approval,
which sbaIl DOt be lIIJI'CI5QDably wilhbcld. If MOI't8ö1801' fails to maintain tile cover&Ac dcsaibcd above, 1.œdcr may, at
Lcodcr's opIiœ. obtain CO\'Cß!C to protect Leodcc's ripIs in tile PrqJmy according to !be tams of Ibis Security Insarumcm.
All ÌDsIIraŒc poIicåcs mil rmcwals sbaIl be aa:qJtabIc to Lcodcr aud sbaIl include a staDdard "JIIŒtpKc clause" aud, wbcr'c
spp!Ï(-abIr, "loss payee cIJmsc." Mortwor sbaIl intrnr,di-,y DOtify Lcodcr of catICdIation ÐI" fI:nDiuaIion of !be ÍDSIIraIII:C.
Lcodcr sbaIl have !be ñpt to bold tbc poIicåcs mil rmcwals. If Lcudcr n:quircs, Mortwor sbaIl imnvdi"tooIJ JÍVC to 1.œdcr
all RCCÌpCS of paid ~ aod 1aICWal1lDlÌa:ll. Upœ loss, Mortwor sbaIl &ive immrdiarc IIDIicc to !be ÍDSIIraIII:C c:ania"
aod Lcodcr. Leader may DDkI: proof of 105& if DOt made Îrnfnrodi""'¡y by MortwOl'.
Unless oIhcrwisc agrœd ÌD~, all ÎtIsuI'aDI:c proceeds sbaIl be applied to !be n:stontion ÐI" tqI8Ïr of !be PrqJmy 01' to !be
Sec:ured Debt, wbcIhcc or DOt 1bCD due, at Leader's opâon. Any appIicatiem of proceeds to principal sbaIl DOt extaJd 01'
01.......... -,......IIIc.. 8L Claud, UN 11..aoD-31t7~234" FernI RE-llTcrW'V 11/18184
~(~
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poIIpODI: tbc due dale of Ibc IdII:duk:d paylllCllt DOl' dJao&e tbc IIDOUIJt of my paymaIL IuJy aceu will be paid tÐ die
Mortpgor. If tbc Property is acquimI by Lcudu. Mortsa¡or's ripI tÐ my iDsurauce policies IUd proc:ccds n:suIting from
damage tÐ die Prq¡c:rty before tbc ar-Cp1Ïcitinn IbaIl p;w tÐ Lcudcr tÐ &be CX1cuI of the Secum1 Debt inmvodi..... y before the
...cp,i";t;oo
1'. ESCJIOW FOR TAXES AND INSURANCE. U" odawise provided in a aepanIC ~ Mortpaor will DOt be
rcquin:d tÐ pay tÐ Leoda' fimds for taus aud iDsurauce in escrow.
28. FINANCIAL REPORTS AND ADDI110NAL DOCUMENTS.. Mortpgor will provide tÐ LaIdr:r upœ rcq¡qt, my
fiuaocialllalcmaJ[ or iDfœ:maaiœ LaIdr:r may deem ~y 1II:CCIIaIJ. Mortpgor a¡n:a tÐ sip, deliva. IUd file my
addiIiœaI dnn_c or c::a1ÜiI::aaioI dial LaIdr:r may CÐIIIÏda" œcasary tÐ pcrfcct, CODIÎIU:. aDd ~ Mortpgor's
nhliI:arinnollllller Ibis Scaøir.y Iusàumcut IUd LaIdr:r'sliœ IIaaU& l1li. die Prq¡c:rty.
11. JOINT AND INDIVIDUAL UABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. AU duDes WIder Ibis
Security msan- arc joiDI &lid iudividual If Mortpgor sips Ibis Scaøir.y IBsIrumœt but does JIIIt sip m evideø:c of debt.
Mortpgor docs 10 ooI.y tÐ IIIDI1p&c Mortpgor's ÍIItaat ill the Propcny tÐ SCCWl: pa}'DlCßt of the Secum1 Debt IUd
Mortpgor docs JIIIt IIJCC tÐ be pcnooaIly 1iabIe l1li. Ibc Secum1 Debt. If Ibis Security IDstr\lmeot IiCCIftS a J1W1IDI.Y betwcœ
LaIdr:r &lid Mortpgor. Mort¡a¡or a¡n:a tÐ waive my Ji&Ids that may pn:vru Lcudu trow tJringiua my action or claim
agaiust Mortpgor or any party ÍIIddIII:d UDd&:r the nhliptinn 1lac ripIs may iucludc. but arc DOt ümi1ed tÐ. my
mrHIcficicaJl:y or 0DC-acIÌIIII. laws. Mortpgor agrr:cs that LaIdr:r aDd my party tÐ Ibis Security Iosarumcut may extcud, modify
or mate my åIaJI&c iD Ibc fI::mI& of Ibis Security Iœu:umc:a or my evideø:c of debt wilbout MortpgŒ"'s COIISCIJt. Such a
dJau&c will JIIIt rdcasc Mortpgor trow die lenDs of Ibis Security IDsIrumau. The duties aDd bcucfiIs of Ibis Security
Iosarumcut IbaIl biDd IUd badi1 the sua:essors aDd &IiÎ8JII of Mortpgor aDd Lcudcr.
11. APPLICABLE IA.W; SEVEIIABILlTY; INTERPRETATION. This Security IDsIrumaJt is BoveruaI by the baws of the
jurisdicIion iD ùicl1 LaIdr:r is 1ocafc4, CJU:Cpt tÐ the cncm odawise rcquiRd by Ibc baWl of Ibc ~ wbcre the
Property is 1ocaraI. This Sa:urity IDsIrumcoI is cowpIcfc aDd fully iDrcpa&cd. This Security Iosarumcut may DOt be amcudcd or
IIIIIdifiœ by oral agR:aIIaIt. IuJy ICCÛIIII. in Ibis Security ImIrumcuI, .n...-.....-c, or my &p'CC'DICIII rda&cd tÐ die Sa:urcd
Debt that c:œfticts wiIb Wir:ahl.. law will DOt be cffcctivc. lIDless 1bat baw cxpraaIy or impI.icdIy pcnIIÍù tbc variatioos by
wriucn agrc:cmmt. If my ICCÛOD of Ibis Security IDsIrumcuI taDIIOt be enforced according tÐ its lenDs, that SCCÛIIII. will be
severed IUd will JIIIt affect the C8fon:eability of tbc rcmaiadcc of Ibis Security Instrumcat. Wbcœvcr used, the sm,uJar IbaIl
iucIudc the pIunl &lid Ibc plural the 1ÜJ81IIar. The ~ &lid bcadiup of Ibc ICCÛIIII.I of Ibis Sccurùy Iœu:umc:a arc for
couvœieŒc ooIy IUd arc JIIIt tÐ be used tÐ ÍDICrpI"Ct or dcfiDc tbc tams of Ibis Sccurùy Iostrumcut. Time is of the CSSCŒC in
Ibis Security Iœu:umc:a.
13. NO'I1CE. U" odawise m¡uimI by Jaw, my DOCiœ IIbaII be ¡iVCll by delivc:riDc it or by maiIiDg ia by first class mail tÐ
the IßIIIJI1IWc party's address em pqc 1 of Ibis Security Iostrumcut, or tÐ my oIbcr address ~.INI in WIÙÌDI. NoIia: tÐ
QJIC IIIIII'f&aIor will be cIccmcd tÐ be IIOtÌcc tÐ all JIIOI't&&IOI'I.
14. W AIVEIIS.. Ex.ccpt to Ibc eDaIt p-obibitcd by baw. Mortpgor waives my ri&bt rcprtIio¡ Ihc III&I'Iballiø& of liœs aDd IIS&Cts
aud all -~ ~y.....-va ripIs rdating to die Property.
15. 0TBEIl TERMS. If c:hr:åcd, tbc foUOWÍDI arc IppIi&:abIc to Ibis Security Iostrumcut:
o Uae of Credit. 1bc Secured Debt includc:s a revolvio¡ liuc of credit provision. Al1hough die Secured Debt may be
mIua:d tÐ a ;œro balauœ, Ibis Security Instrumcat will rœWn in effi:ct umil rdcascd.
D c..tnáiøa Lau. This Security IDsIrumaJt IiCCIftS moblipúœ ÎDCIIIIaI for tbc COII5tnIcûoo of U1 improvCIIICIII l1li.
the Property.
D Fbaan: lIIIIq. Mortpgor gams tÐ LaIdr:r a ICCIIrity inrcrest in all Boods 1bat Mort¡lIor OWIII IIOW or in the future
&lid 1bat arc or will become fixIun:s rda&cd to the Property. This Security IDsInimaJt suffices as a fiDmc:iu¡ sl:iúclDClll
IUd my c:arbœ, pI¡otopapbic or oIbcr rqJI'OducIÏIIII may be tiled of m:ord for JIIIIPOSCS of Article 9 of die Unifonn
Camox:rcial Code.
D IUden. 1bc COVCU&IÚI IUd ~ of CKb. of Ibc riders cha:Iœd below arc iøcorporatcd inIo aud IPW........ aud
amcud the fI::mI& of Ibis Security 1BsIrumœt. [Cbcct all appticabIc baIca)
o Cnnd.....mnnn Rid« D PIaooI:d UW Dcvdopucut Rider D Otbcc........................................................
o ............... Tama.
SlGNA'I1JRES: By IÏpiD& below. Mortp&or qrccs to tbc fI::mI& aud COVCllalllS COØaiucd ill Ibis Security IDstnuuem IUd in my
,.......rn.-.. Mortpgor also ackuowkdp receipt of a copy of Ibis Security IDsIl1lmcDt em the date statal œ¡; 1.
~.~uà~u.u...uur¡I([/o, u~~u~.h,iÄ..u,!(¡~/Oç.
~~RJiiíwI6'. (Dole) ~fII'fWIO 7('·......·· (Dole)
ACKNOWlJ!'.DGMENT: ~ r ¿:::J . .
STATE OF M!I.IMI!ì....~:t:oe.4I.lÍL..... COUNTY OF .lut/ø/.de.......................} II.
(~ This ÎDIInIIIICIIt was actuowIcdgcd before me Ibis ........1.1iT1t........ day of ~1RI!II.................................
:y ~:=:,=7~·MQ·'-'if··········..·..·······..····..·..·~····..if.·~·~·~..:~.............. .
ruu~-..u_~~ _u1 u~~u.uu
-.DEBORAHT'GAGNON~
g, NOTARY PUBLJC.CAUFORNIAÇ')
I! COMM. NO. 1396540 _
01-i· ____ ~J~~~~~t- (~4o'4)