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Home My WebLink About923136 000:12~~. ~ RECEIVED 10/6/2006 at 11 :48 AM RECEIVING # 923136 BOOK: 636 PAGE: 121 JEANNE WAGNER LINCOLN COUNTY CLERK. KEMMERER, WY !IIIIIIe <I w,.,..... S¡.œ Aœft TIIIo IJDe F... ........ DoIa MORTGAGE (WiIh Future Advmcc Clause) 1. DATE AND PARTIES. The dale of this Mortøaøe (Scauity Iostrumœt) is I!I!'.\~~.................................... md the pu1ies, their addraKa md tax idaDification 1IIDIIben, if required, ~ as follows: MORTGAGOR: TRAVIS LOTI, SOlE OWNER PO BOX IIJ9 ACTON, CA &:Ii 10 o If åJa:t.ed, refer to the aItKbaI Addœdum iDmrpoœed herein, for additiœal MortaOD, their IÏØJIaIUra md acbJøwlcdømalll. LENDER: BANK Of JACKSON HOlE IJlGAIIIlED AND EXISTING UNDER TII: lAWS OF TII: STATE OF WYOMING 990 W. IIIiOADWAY P.O. BOX 70IXJ JACICSON, WY 1131X12 2. CONVEYANCE. For good md valuable COIIIideratim, the receipt md sufficiaK:y of wIUd1 is ac:bowlcdøed, md to 1= the Securat Debt (defined below) aod Mortøaøor'l pcriimu.uaœ 1IDIIer this Scauity ~ Mortgagor graDIS, barÙIS, cœveys, tIIOItaøes aod warraota to LaxIer, with power of asle. the fol.lowioø dcxribed property: LOT 49 OF AUEIIJED PlAT BflOGER flJlfSTRANCI5, UII:IIIJI CDlIITY, WYOMING AS DESCRIBED ON TII: DfACIAl PlAT Tt£ŒOF. The property isloalaf io ...._...........................I,M~............................... at J..Qt.1II.~Q~fJIJf.'UI411.QØ~YI$lQM. (eœ.y) ...... ............ .................................... ........., ......................~....................., Wyoming .........I:))j1J! ........ (Addnon) (Cty) (ZIP Code) Togc:the:r wiIh all rigIIII, eaacmadI, appurtœaœcs, royaltiea, mioenJ JiøbIa, oil md AI JiøbIa, all w.œr md riparian JiøbIa. ditdKs, md water Itoc:k md all exÌItiII md future improvauents, 1ItrucIura, fixbua, md rr.p~""""'" that may DOW, or at my time in the future, be put of the n:aI eslate dcacribed above (aU referred to u . Property'). 3. MAXIMUM OBLIGATION LIMIT. The tota1 priDcipaI amooot ICCURId by this Security Imtrumcm If my OIIC time Ihall DOl exaaI $ .1~......................................... . Tbia Iimitatiœ of amOUllt doa DOt iadade iDlcn:st md oda fees md charøCl valid1y made pursumI to this Scauity IIIItrumaII.. AIao, 1hia IimiIatiœ. doa DOt apply to adv_ made UDder the IemJI of this Security Iostrumœt to prakct Leoder'I ICCIII'ity md to pc:rfcmn any of the awœmts c:ootaiDcd in this Scauity Dttumml.. 4. SECUltED DEBT AND FImJRE ADVANCES. The teun 'Sa::araI Debt· ia cIdiDaI .. foIIowa: A. Debt ÏIIcurRd UDder the tama of all promiIIory DOk:(I), c:œtracI(l), 1WUIIy(1) or odIer evÜCDce of debt described below md all tbår cDaIIn., rmewala, modifiati... or~. (Whm nþtmdn8 the tkbts below it is $U8gestal thot)lOU incbk iœnu such 4f~' nømu. _ _. intuøt rata. _urity doœ$. de.) PIÐM1SSDRY NOTE 1111124 (]A TED SEPrElllEllI5. 2l1li IN TII: AllIUIT OF '133,l1li.00 ~o - MClRTOAtE INOT fOR _. fHlMC. FHA OR VA USE! 01994 .......".....Inc.. St. CIaud..... 11-8QO..387-ZU1) Famt RE-MTG-WY 1tJt"", ~(_laf41 :::!;fii.m;r:::¡:!::: ··'.~:r*::;b:··.· '..!.' . .'L,.' f~flf?;mtf~~;ii~j ,Jr.;!: ....~::,::,. .":' ·':)92~1.~ b -0001.22: B. All future advma:s fum laJder 10 MOft8a8or or oIbcr future obIigaIiOlll of MortøaP 10 laJder UDder any promissory note, cœtract. guarmty, or otha- evidax:e of debt cxeœtcd by Mortøaøor in favor of l.coda- cxeadcd after Ibis Security Iostmmœt wbdhcr or DOt Ibis Security Imtruma1a is IpŒificaJly rcfcrmad. If more than oœ penon IÍDI Ibis Security IDoÙ1llDali, each MortlPlJOl' agrccs thot Ibis Sc:curity IDItmmaJ will lCCUI'e all future advma:s sod future obliga1iool that are gival 10 or inaJmo.d by any oœ or more Mortøaøor, or any ODe or more Mortøaøor _ odIen. All future advma:s aød otha- fuIun: obIigaIiOlll are ICaJI'Cd by Ibis Security IDotrumœt cvœ tbouh all or put may DOt yet be advma:d. All fuIun: adv_ mil otbcr fuIun: obJiøatiœs are ICaJI'Cd .. if made OIl !be date of tbio Security Iuotrumœt. N0thÎD8 in Ibis Security IDotrumau IhaIl CX>IISÛtIIIe a NWmnitm_ 10 mab: addiIioaal or fuIun: ...... or adv_ in any amouot. Auy loch u......;......'" IDDII be aør-l1O in a oc:pame wriÛll. C. All obfiBatiODl MOft8a8or øwa to laJder, which may later U"ÎIe, to !be extaJt DOt prohibited by law, includinø, but DOt limited 10, liabi1itieo for overdrafÞ rdúinø 10 any depoait acaJUDt.- between MOft8a8or _ laJder. D. All additiœa1 IUIDI advma:d _ expcmea iocurraI by laJder for ÏDl1II'ÍDg, praerving or oIherwioe protectiDø the J>ropmy aød ÍII value aød any otha- __ advma:d sod expcmea inaJmo.d by laJder IIIIdcr !be tams of Ibis Security 1nI1rumcot. ThÏI Security IDotrumaJt will DOt ICC1IJ'C my oIbcr debt if laJder fails 10 give any requiraI. DOIÍI:c of !be riøbt of nsc:iAioa. 5. PAYMENTS. Mortgagor agea thai aD paymCllts UDder !be SecoraI Debt will be paid wba1 due aød in oa:ordancc with the tams of !be SecuraI Debt sod tbio Security 1nItmmœt. 6. PRIOR SECURITY INTERESTS. With regard 10 my otha- morlae, deal of tJult, oeaaity &RaIIaIt or other Iie:a dOCUlllalt thot creued a prior oa:urity iuterest or aICIIIIIbranc.e OIl !be Propc:rty, Mort¡aøor agrccs: A. To mab: aDpaymœtswbeodueaød to pafonn orœmply with all covaIUIII. B. To prompdy deliver 10 laJder my uo6as that Morlpøor ra:åVCl fum !be hokler. C. Not to allow my 1IlOdifiaIi0ll OJ' c:xlallioa of, DOl" 10 RqUCIt my fuIun: advanca IIIIdcr my Dote or aørament ICaJI'Cd by !be lica docamaIt wiIbout laJder'1 prior writtm aJDIaIt. 7. CLAIMS AGAINST TITLE. Mortsa8or will pay aD 1Ua, .....--.. Iie:oo, aII:IIIIJbrsnce, Ieue paymmta, I"OUIId rœII, utiIiIic:s, mil oIbcr chacøa rdúinø to !be Property wba1 due. laJder may rcquin: Morf8a80r to provide 10 laJder copia of all JIOÛca that IUCh SDJØIIIIÙ are due mil !be rca:iptI evidc:uciDø MoJtøaøor's paymeat. Mort¡aøor will defaJd title 10 the Property ISÏDIt any claims that would impair the Jim of Ibis Security iDstrumalt. MoJtøaøor aø-s to MSigø. 10 laJder, III requc:sted by laJder' my ri¡hts, claùus or dcfeosc:s Mon¡.søor may have ISÏDIt parties who IUppIy labor or maIcriaIs 10 mainIain or improve !be Propc:rty. 8. DUE ON SALE OR ENCUMBRANCE. laJder may, at its optioa, declare !be c:utire balmce of !be Secund Debt 10 be ..........iatr.ly due mil payable upoa !be creaIioa of, or cœtract for !be creatiœ of, any Jim. aICIIIIIbranc.e, trmIfcr or II&Ie of the Property. This riøbt is subjed to !be rcstriáÍODl imposaI by falerallaw (12 C.F.R. 591), .. appücable. This covaumt IhaIl om with !be Property sod IhaIl remain in effect uatil!be ScamxI Debt is paid in fun sod Ibis Security IDotnImaJt is released. 9. PROPER,1Y CONDmON, ALTERATlOJ15 AND INSl'I:CTION. Mortsa8or will b:cp!be Property in good coodition sod mab: all repain that are reasoaabIy ucceuary. Mort¡aor shall DOt œmmit or allow my waste, impairmcot, or deterioratioa of the Propc:rty. MoJtøaøor will keep !be J>ropmy free: of IIOXÍOUI weals aød grasses. Mortf!a8or. agrees that !be nature of the ocx:upaocy aud DIe will DOt substmtiaIIy dJaDøc: without laJder'l prior wØtm~. MoJtøa8or will ROt pc:mût my dJaDøc: ia my lia:osc:, natrictive covœmt or _ without laJder'l prior writtm aJIIICIlt. MOItfaor will notify laJder of all dcmaods, procealin8l, claùus _ adÍODIISÏDIt Mort¡aor, sod of my Iou or damaøe to !be Propc:rty. laJder or laJder'l agcms may, at laJder'l opIÍoa, cuter !be Property at any reasooable ÛlDe for the purpose of inspcctinø the Property. laJder shall give Mort¡aor DOtice ... the time of or before an inspcctioa lpecifying a reasooable purpose for the ÎDlpc:ctiœ. Auy ÎDlpeáÍoo of the Propc:rty shall be c:atireIy for laJder'l bcudit sod Mortgaor will in 110 way rely OIl Lœder'I ÏDIpectioa. 18. AUTHORITY TO PERFORM. If Mort¡aor fails to perform my duty or any of the cov_ amtaioed in Ibis Security 1mtrumaJt, laJder may, without DOtice, perform or cause than to be performed. Mortgagor appoiDts laJder III attorney in fact 10 ÙØD MOft8a8or'I IWDC or pay any _ouot uccasary for perfonnsnce. Lœder'1 riøbt to perform foe Mortøasor shall DOt create an obliøatioa to pcñoon, _ laJder'l failure 10 perform will DOt prcdude Lcuder frum exa-cising any of Lœder's other rip under the law or Ibis Security iDstrumeut. If my cœstruction OIl !be Propc:rty is disamtinurd or DOt carried OIl in I ressooabIe _, laJder may tù:e all steps ucceuary 10 prolect laJder'l seauity interest in 1be Property, including com.pIetioo of the CXIOItroctioa. 11. AælGNMENT OF LEASES AND RENTS. Mortgagor irrevocably 1JIWdI, bargains, amveys, mortøaøa _ warrants 10 laJder as addiIioaal oa:urity all the rifbt, title sod interat in and to any aad all CÚÛII or fuIun: Ir:ucs, 1Ubleues, aød my other writtaI or vabal aøreanaD for the use and oa::upancy of my portioa of 1be Propc:rty, incJuding any c:xlallÍODI, rc:œwm, modificstioDI or subsIitutioas of luch agru:meaII (aD refc:rred 10 as "Leases") mil rœII, ÍIIucI _ profirs (Ill refc:rred 10 .. ·Radl"). Mort¡aøor will promptly provide Lœder with true and correct copia of all aiating mil fuIun: Leasm. Mortgagor may œIIa:t, rcccive, aljoy mil use the Ralls 10 Ioog .. Moltaor is DOt in default UDder the terms of Ibis SccuriIy IDotrumcDt. MOItfaor agrees that Ibis -ÍJDmaIt is ................ty effective br:twc:œ !be partic:s 10 Ibis Seœrity IDotrumalt. MOItfaor agrees that Ibis ...,.¡~ is dfc:ctivc: .. to third partia wba1 Lœder tata affumative actioa pracribcd by law, _ thai Ibis IIIIÏDmaIt will remain in áfect during my redaDptioa period UIIIil the SecoraI Debt is I&Ûlfied. Moltaor agrees that laJder msy tù:e aáDal poac:ssioa of !be property without !be DeœIIÏty of ..............J..ø Iqal actioa aød that actual JIOIKSIioD is dœmcd 10 oa:nr wba1 laJder, or its agaU, notific:s MoJtøaøor of default _ dc::m..Js that my IaIsnt pay aD fuIun: Ralls directly 10 laJder. On rcccivinø DOtice of default, Mortgaøor will œdone aød deliver to Lœder my paymcm of Ralls in Mortgagor'l POU""ÍOD aød will rcccive my Ralls in trust for laJder aad will DOt mmm;"II'" the Ralls with my o1ha' fimds. Any _ounII collcctaI. will be appticd .. provided in Ibis Security 1nstrumCIIt. Mort¡aor W&D'IIIJb that 110 ddimlt eDù under !be Leases or my applicable Isodlordlteuaat law. Mortgagor ÙIO IJ'CCI to mainIain aad require any IauIDt 10 comply with the tams of !be Leua and applicable law. 01894.......,...., Inc_ &t. CIaud." "....7-2341) faMRHlTGWY "It.... ~2of"l {)9;-~31.3 b 000123 12. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. MCJIt8a8Or agrea to comply with the provisioos of any Icaac: if thiI Security IDstrumaU iI 011 a 1caIc:bo1d. If tile Property iaduda a IlllÌt in a aulœúoium or a plumal. 1II1ÌI devdopmc:01, Molt8a8OT will pufurm aD of Monøap's duties UDder tile cøvauonu, by-laws, or n:guJatioos of the cœdominimn or plumal. 1II1ÌI devdopmait. 13. DEFAULT. Mortgagor will be in default if any party obÜafed on tile Secured Debt fails to make paymalt whm due. Mortgsøor will be in dcfauh if a bradJ. oa::un UDder the tams of this Security Iustrumeut or any GIber doc:umaJt exccuIaI for tile IIJJpOK of c=aIÍD, sa:uriaø or øuaraatYÏD8 tile Sccurcd Debt. A ODd faith belief by LallIer that LallIer at any lime is iDseœre with respect to any penou or adity obligated 011 tile SecuraI Debt or that tile prœpc:ct of any paymmt or tile value of tile Property iI impaimt sbaIl also coaatitulc an evan of dcfsnlt. 14. REMEDIES ON DEFAULT. In _ ÏDsIaDces, federal aud state law will RJqIIÎre Lcudcr to provide Mortssøor with ootice of the riøbt to cure or oIhcr DDÛceI IUd may atabIiIh time sdleduks for forecloaure ac:tioas. Subject to 1bese 1imiIatioas, if any, LallIer may accda'ak: the Sa:umI DcbI ..t foru:loIe this SecuriIy Ina1rumœt in a mama providaI by law if Mortaor is in default. At tile option of Lcudcr, aD or my part of the agreed fees aud dwga, acaued iotaat aud priocipallhall bcaJme ÍDDDediately due and paylble, after givÏD ootice if RqUired by law, upoa the DŒIJ1'I'aICC of a default or anytime 1herea&r. In addition, Lmdcr Ihall be mtitlcxl to aD the remedies providcxl by law, the tams of the Secured DcbI, this Seœrity IDstrummt aud my relatcxl dOClllDaltl ÌIIcludiII8, without Iimitatioo, the power to sell tile Property. AU remcxIia are CÜItiDá, aJlDulative aud DOt exclusive, aud the LallIer is œtitIcxI to aD raoaIia provided at law or equity, wbdbcr Dr DOl. expressly lid forth. The acœptaŒe by Lcudcr of any .taD in paymad or partial payment 011 tile SecuraI DcbI after the baIaaœ iI due or iI KCderatcxl or after foreclosure proceaIios are fücxllhall DOl. COIIItitutc a waiver of LallIer's rÏbt to require complete cure of my exútÏD dcfauh. By DOt ex.ercilÏDg my remcxly 011 Mortgagor's default, LallIer doc:a DOl. waive LallIer's riøbt to later CODIider the evc:ot s default if it coatÍDDca or h.appma aøam. 15. EXPENSES; ADVANCES ON COVENANTS; ATfORNEYS' FEES; COLLECTION COSTS. Exapt whm prohibited by law, Mortgaøor -øn:a to pay aD of Lalder's expaIIa if MDrtøaIor breadIcs any covœaat in thiI Seœrity 1Dsttumeot. Mortøaøor will sUo pay 011 demand any IIDDmd iocunat by Lalder for íœurioø, inspecting, prc:acrviDg or otbc:rwiIe protc:c:tiDg the Property and Lalder's security interest. Tbeae expaIIa will bear interest from tile date of tile paymmt UDtiI paid in foil at tile hibcst ioten::at rate in dfa:t as providcxl in the tams of the Sccurcd Debt. Mort¡søor as...... to pay all CXJIII aud expcmc:s iocum:d by Lmdcr in œllcctiDg, mforcÎD or prota:tÏDø Lc:odc:r'. rigbts aud raoaües under this Security 1Dsttumeot. This mlOUDt may include, but iI DOt limitcxl to, ressoaabIe aüomeya' fees, court com, aud øtbc:r legal expaIIa. This mlDum does DOl. include aüomeya' fees for a s.aIaricxI aoployc:e of tile LallIer. This Seœrity IostnmiaJt Ihall rrmsiD in elfa:t IIDIiI releucxl. MoltaD1' agrcc:a to pay for any ra:cmIatiœ com of -=h rele:ue. 16. ENVIRONMENTAL LAWS AND IIAZAIIDOUS SUBSl'ANCES. AJ used in thiI sc:áÏoa, (1) EoviroamCDtal Law mans, without Iimitatioo, tile Comprehcoaive Eoviroomœtal Rcapoase, C"'tIp""'...tinn and Liability Ad (CERCLA, 42 U.S.C. 96>1 d aeq.), and aD øtbc:r federal, state aud loc:ù laws, rqUlatioas, onIioaoces, court orden, attomcy øa-al opioioos Dr interprdive Jetten .............;,,8 tile public beIlth, safety, welfare, c:oviruammt or a hazsrdOlU subataace; IDd (2) HazardOlll SubsWIce meaoa any toxic radioactive or bazanlous DWaial _ po1hùDt or c..........in.... wbÎdI baa dwxteristia wbich reuder the aubásnœ ~ or potadially dsngeraua t~ the ~ bealth, aafdy, welfare or c:oviruammt. The term iocludea, without Iimitatioo, any substaoœa dc:fiocd as 'hazsrdous material,' 'toxic mbataoccs,' ·b.azudoua wute· or 'bazanlOIU aobatmœ· UDder any Eoviromomts1 Law. Mortgsøor rqm:aœts, wanmta aud -øn:a that: A. Except as previously diaclOlCd and acbJowlcxlgal. in writing to LallIer, DO Hazardoua Subatsnœ iI or will be locatal, IItoRd or rdaacd 011 or in tile Property. This restriáioa does DOl. apply to IIDaD quautitica of Hazardoua Suba1aDcea that are ømerally reœgoizcxl to be appropriate for tile DOrmal use IDd maÏDtawJa.: of the Property. B. Except U previously discloaed and acbJow1cdgal in writioø to Lœder, Mortgaøor aud every taJsnt have been, are, and Ihall rrmsiD in foil ....."'Pti__~ with any applicable EnviroomaJtal Law. C. Mortgagor Ihall immaIi.atc1y notify LallIer if s rele:ue or threatœc:d rek::ue of a Hazardous SubatsnI:e oa:un OIl, UDder or about the Property or tIu:re is a violatiœ of any Enviroomc:uta1 Law œocrnm.8 the Property. In sum an evan, MDrtøaIor IIbaIl take aD -.a¡y raoalial action in acconboce with any EovironmaJt.al Law. D. MDrtøaIor Ihall immaliatdy notify Lalder in writing as socm as MDItaD1' baa reason to believe tbc:re ilmy pmdiDg or tbreataJcxI iovcatiptioa, claim, Dr proccaliDg rdatiDø to tile rdeaIe or tbreateocd rdeaac: of any Hazanloua Subatmce Dr tbe violatiœ of any Eovirnmoc:uta1 Law. 17. CONDEMNATION. Mortgaøor will give Lalder prompt DOtÌI:e of any pmdiDg or tbreateocd action, by private Dr public œtitica to pon:haae or take any or slJ of tile Property throuøh mnd........tioa, emioeut domain, IX my otber IDCIDI. Mortgaøor authorizes Lalder to iotcrvc:œ in MDI1aD1". IUIIIIC in any of tile above dcacribal IáÎODI or claiml. Mortgaøor ulÍDI to Lmdcr tbe procœda of any _aid or c1aim for damsøca aJODeáed with a rnnrt.......tinu or otba- takmø of aD or any part of the Property. Such proccaIs sbaIl be c:oasidCftd paymmta and will be applicxl as providcxl in this Secmity IDstrumaU. This MlÏDmœt of proczaIa iI subject to tile tenus of any prior DlDJtøa8e. dccxl of tnut, security aørœmœt or øtbc:r lien dDallDalt. 18. INSURANCE. Mortgaøor IhaD keep Property iDauraI aøaiost Iou by fire, flood, theft SlId øtbc:r baurds IUd risks reasooably aaaoc:iated with the Property due to ita type: and location. This inslll'alla: sbaIl be .....int.inM in tile _ and for the periods that Lcudcr requirea. The ÎDS1InIIce carrier providing the ÍDaIll'alla: abaIl be dIoaa1 by MDItap subject to LallIer's approval, wbich Ihall DOt be unreaaoaabIy withbdd. If Mortga¡Or fails to msiot.aio the œverlC dcscribaI above, Lalder may, at Lalder's option, obtain awerage to protect Lcudcr's riøbts in the Property acconIiog to the tams of Ibis Security Inatrumeot. AU ÏUlIII'aIIa: poIicica aud l'CIIIeWalIlball be acceptable to Lcudcr and Ihall include a ataDIWd '1DDItage clIuae' and, wbae applicable, 'Iou payee clause.' Mortgaøor Ihall ¡",..-!õ....ry notify Lender of 1'2JJ<'Plbtinn or tamioatiœ of the ÏDsunnce. Lc:odc:r Ihall have the: riøbt to hold the policica and l'CIIIeWaIs. If Laldc:l' requires, Mortgaøor Ihall immcxIiatdy give to Lalder all reœipta of paid praoiums and rmewal -x:ca. Upoa lou, MDI1aD1' sbaIl Jive ÍIDtDaÜatc DOtÌI:e to the ÍDaUI'SDCC canic:r and LallIer. Lc:odc:r may make proof of Iou if DOt made immatiately by MoItaD1'. Uolcas otherwise agreed in writioø, aD ÍDaursnce procœda sbaIl be applied to the reatorat.ioa or rcpUr of tile Property or to the Sccurcd Debt, wbdha- or DOl. Ibm due, at Lalder's optioa. Any applicstiœ of proccaIs to principal sbaIl DOt extc:od Dr ~¡'¡,£. f_ 3 of 4/ O,994...ww .,..." Inc., lit. Oaud. UJif f1-1OO-3I7-2:l41. Farm RE-MTGWY "nllM ~~jm~~mi~¡~I~L:_! ~~8¡ ::~::~:::::::::!:t~::~ ,',',',I...'.'.'.',','.."i a9231.3b 000124 postpone the due date of the lIdIaIuIa:I paymœt nor dIqe the aJDDUD( of soy payment. Any exœu will be paid to the Mortgagor. If the Property is acquind by Lœder, MOf18agor'l riøbt to my iDsurance poücia and proc:eaIa ranking from damaøe to the Property before the acquisitiœ IhaIJ pall to LaIda- to the exlalt of the Secured Debt ÎmInr1Iiatdy before the acquisitioo. 19. ESCROW FOR TAXES AND INSURANCE. UDleu otherwise providal in a separate agrcanent, Mortgagor will DOt be required to pay to Lœdc:c fimda for loa and ÏDlIUUIce ia t:IQ'OW. 20. FINANCIAL REPORTS AND ADDmONAL DOCUMENTS. MDrtagor will provide to Lœdc:c upon rcquat, my financial ltatemaJt or ioformatiœ Lœdc:c may deem reaaooably oecc:uary. MDrtagor aøn:a to lign, ddivc:c, and file my additiooal documada or ca1ificstiooa 1bat LaIda- may __ider ocœuuy to pc:rfa:t, cœIioue, and pn:aeTVe Mortøa80r'l obJiøatiooa UDder this Security btatroman and LœdC:C'lliœ ltatuI !Xl the Property. 21. JOINI' AND INDIVIDUAL LIABn.ITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. An duties UDder this Seœrity ~ an: joint and iodividual. If Mortgagor signa this Seaoity Joatrumeot but dœa DOt sign m evidœce of dc:bl, Mortgagor doc:a 10 œIy to mot1ac Mortsagor'I interest in the Property to aeœn: payment of the Sa:orcxI. Debt and Mortgagor dœa DOt agree to be penœalIy liable !Xl the Secured Debt. If this Seœrity Ioatrumcut aeœrt:I a guaranty betwec:o Lœder and Mortagor, Mortgagor aøn:a to waive soy IÏbIa that may prevent Lœder from bri0øin8 any actiou or claim a¡aÍDIt MOr1agor or any party iudebù:d uodc:r the obJisatioo. Thae IÏbIa may include, but an: DOt limited to, my aotHleficiœcy or œe-actiou Iawl. Mortgagor aøn:a that LaIda- and my party to this Seœrity Ioatrumalt may extaJd, modify or make any c:baogc in the IenoI of this Seaoity InstrumaJt or my evideucc of debt without MOItagor'l COIIIent. Sud1 a cbaogc will DOt reJeaac Mortgagor from the IenoI of tbÍI Security Instrument. The dutiaI and bc:odiu of tbÍI Sc:auity Instrumcut IhaIJ bind and bœdit the loa:c:uon and auigoa of Mortgagor and LaIda-. 22. APPLICABLE LAW; Sf;VERABILITY; INTEIIPRETATION. 'Ibis Sc:auity ~ is SOVemcd by the laws of the juriadictiœ in which Lœdc:c is located, except to the CXIaIt otherwise requiral by the laws of the jurildic&ioo wberc the Property is located. This Security loatrumart is complete and fully intqratcd. This Sc:auity Ioatrumcut may DOt be ameodaI or modified by oral agrcancut. Any section in tbÍI Security Ioatrumcut, alladmCIIÙ, or soy agn:cmmt relatat to the Secured Debt !bat cœf1icII with applicable law will DOt be dfeclive, DDIcsa that law cxprasly or impliedly pamita the variatiool by wriIteo &ßl1ZIIIaÚ. If any ac:dion of this Scau:ity Ioatrumcut c:anoot be aúora:d. aa:ordio to its tc:oos, that lection will be several and will DOt affect the caforc:ability of the nmaioder of tbÍI Sc:auity Ioatrumcut. Whœever _ai, the liognIar IhaIJ include the pJoral and the pJoral the 1ÍDUIar. The captiooa and beadioøa of the la:tiooa of tbÍI Security Ioatrumcut an: for cœvcoic:occ œIy and an: DOt to be uaed. to ioIetpm or define the tc:oos of tbÍI Sc:auity IDItrumcut. Time is of the euœce in this Security Instrument. 23. NOTICE. UDleu od1awÏ1c required by law, any ncXicc IhaIJ be givœ by ddivcriDø it or by maiIinø it by first cIsu mail to the appropriate party'l address !Xl past: 1 of this Security Imtrument, or to any odIer addreu designated in writing. Notice to ODe mortgagor will be deanal to be notice to all mortpgon. 24. WAIVERS. Except to the CXIaIt probibiIed by law, Mortgagor waives any riøbt regarding the manballing of liall and UIdI and all homeskad exanpIiœ rigbø reIaIiuø to the Property. 15. 0fBER TERMS. If cbecbd, the foUowiaB an: applicable to this Seœrity ÚIItnImaIt: D Une of Creclt. The Secured Debt iadudea a revolvin¡ Iioe of aalit provision. AItbough the Secured Debt may be reduced to a zero balance, this Security IoatrumaJt will ranaia in cffc:ct IIIIIil reIeaed. D Conøtractioa Loan. 'Ibis Seaoity Ioatrumcut aeœrt:I m obligation iocorraI for the amatruction of an improveme:at œ the Property. D Fixtare F'IIJae. MDrtagor grants to LaIda- a security interest in all goods that Mortgagor OWDI now or in the future and that an: or will bcccme fixtures rdataI to the Property. This Security IIIItromeut luffices as a fioaociog _eme:at and my arboo, pbotographiI: or other reproduction may be filed of reconI for purpcI"S of Article 9 of the Uuiform Commercial Code. D RIden. The mvCDtIDfI and agn:aneoII of -=II of the riden cbecbd below an: iucorporaaal into and lupplcmatt and amœd the tc:oos of tbÍI Security Ioatrumœt. [Cbedr. all applicable boxa] D Cœdomioimn Ridei' D PIaooaI Unit Devclopmcut Ridc:c D Othel'........................................................ D AddIdooW Ta'Da. SlGNAnJJI.ES: By IÍOiD below, Mortgagor aøn:a to the tams and covœaota COIIIaiuaI ia this Seaoity Ioatrumœt and in my alladmcutl. Mortgagor also adDowlalges n:œipt of a mpy of tIùa Sc:auity Ioatrumœt on the dale áa1al. on past: 1. ~¿uf¡uuf/~øt. (Sipanae) TRAVIS LOTT 7·~ (Doœ) ........,............................,.,.......................,..........,. (SJpotue) (Doœ) ACKNOWLEDGMENT: STATE OF ~~.................................., COUN1YOF .................................................} II. This iDstrumalt wu adœowlalged before me this ........1.!iTII....... day of 1w.'J~I.E;I.~................................. by T.~YJ$.w.r::rA:;P.I,I;~...... ................... ..................... ....................................... ............................ . My ~......., ~...........................¡,;;;;.;....u..........u............u.... µ - 01994 ..... ~ Inc., lit. Ooud,.... (1.8QO..:m7-2341. F.... flE.MTG-WY "118$4 (pøfl" 4 of 4/ I . CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT .000125 . .I ] ] ] ] J ] J J State of CALIFORNIA County of ~ ~/J 1) On q - cQ (p - 0 (p before me, '10.... -e,r r (Name & Title of Notary - "Mary Smith, Notary P personally appeared ~ ~ .a 92.:J l.~.rci I'Øfß6ftft1l)" Iffi8vÆ t6 me (or proved to me on the basis of satisfactory evidence) to be the person~ whose name0 is/.are-subscribed to the within instrument and acknowledged to me that he/&lieMi8¥ executed the same in hisJ,k~rftfteir authorized ~ L S1IICE. ,. Cu...1iIIIDn 1# 1671.,1 NcØY N*: - Callfomla LeI ~ con¡ carm EJpieI.kI\ 3. 201 capacity~ and that by his.~Ðr/tft8K signature(s) on the instrument the perso~ or the entity upon behalf of which the person ~ acted, executed the instrument. J ~y hand and official seal. 'ÁL~'¡¡¡~ J OPTIONAL - Description of Attached Document Title or Type of Document: , , I J Document Date: J Signer (s) Other Than Named Above: Capacity(ies) Claimed bv Signer o Individual o Corporate Officer- Title (5) o Partner - 0 Limited 0 General Number of Pages: ,j Right Thumbprint of Right Thumbprint of i ''; r I · J o Guardian or Conservator o Attorney-in-Fact o Trustee o Other: ! I I ¡ Signer is representing: · . I · J ~"'i""" ""."I! ..1·\'·)1,1.,.\,......'. ~J~;jl~:i~~~ ~~~~i~~;~fifj;i~~~