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RECORDATION REQUE$TED BY:
'. ...
AIpiøe
100 0.... IIivw Rd.
p.o. IIcta 3110
AIpiøe. WY 831H
WHEN RECORDED MAIL TO:
'. ......
.....
100Gnlye IIivw Rd.
P.O. IIcta 3110
Alpine. WY 83128
RECEIVED 11/912006 at 10:29 AM
RECEIVING # 924242
BOOK: &39 PAGE: &79
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER WY
. . ,
,
.
S£ND TAX NOTICES TO:
1. ....
AtpIu
100 Gr.YI IIivw Rd.
P.O. IIcta 3110
AIøin.. WY 83128
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE om y
MORTGAGE
THIS MORTGAGE datAld October 31. 2006. is mad. .,¡d executed betWNfI MATTHEW DAVID FRERJCKS and
(ERRJ M. KEUER-fR£RJCKS. HUSBAND AND WIFE. AS TENANTS BH THE ENTIRETIES. Ireferred to beJow ..
-Grantor-I and let Bank. who.. addr... ill 100 eù.y. Ri_ Rd.. P.O. Box 3110. Alpine. WY 83128 Ireferred to
below.. "Lender-'.
GRAIIT Of IIORT~. For........... COItIideriIIian. ~r ____ _ CUAvay. ID UoooIer All 01 GrAntOr'. 'igI¡t. title. an.j intel..t in .nd to
the fo/lowlng dac:,íbed rM! propertV. UI Ithrtr with .u -ling or ~ ..ectad or . f'fXId building'. impro.."",nu _ fi.lwr..; all
_menu. rÍ IIU 01 way. end 1I/IPUf18_; .u water. wa... riglna, waarc......a. and ditch righta Uncluding stoCk in utiiìtia. with di1ch or
irrigation rights); and all oth.. rights. ,oyania.. _ profill r...ùo to the real prO(>ll1y. incIudin¡¡ wilhout limitation ad mineral.. oil. gas.
"""thermalandalmilar mau.rs. Ithe -RaaI Property-'Iocatad In LINCOLN CowIty. State of Wyoming:
LOT 38 OF RIVER RANCHES FISHING AND EQUESTRIAN ESTATES AT FREEDOM. WYOMING. ACCORDING
TO THAT PlAT FIlED NOVEMBER 16. 1994 IN THE OFFICE OF COUNTY CLERK. LINCOlN COUNTY.
WYOMING AS INSTRUMENT NO. 793710. PLAT NO 351.
The Real Property 01 ita addt_ ill commonty known.. 105281 HWY 89. ETNA. WY 83118,
REVOLVING LaIf: Of CREDIT. TIIio....... _IDa ~·~1 ·',ulllcludia¡¡. wiIMut imIIario.. a r.voMng ... of crMlt, wlticå oIIIigatea
L-"- lit -- -. lit ø.- _...... .. Grantor GMI tiu .......1Da _ of 1M Nute.
Gramor pr....uly aaaigl1l to lender All of Grantor'. right. title. and ~..t in and to .u pr-.t and M..... 11_ of b Propany and all R.nta
ftom the Propwty. In ~ition. Grantor IIOU tol.ar1dar . Uniform CornmaI:iaI Code security ........t in the Personal Property _ Rent..
THIS MORTGAGE. aCWDIIIG TH£AUJGI IIENT OF REllTI AND THE &fCURfTY IIITERUT IN THE RElIT ¡ ANO PERSONAl PROPERTY. II
GIVBI TO &ECIJR£ (Aj PAY_T Of THE INDEIITEOIIIE&I AND 1111 PERfOllMAHCE Of ANY AND All OBUGATIONS UNDER THE NOTE.
THE REU.TED DOCUMEIIITS. AND THIS MORTGAØ£. THIS MORTGAØ£ iii OIYIiN ""'0 ACCUTED ON THE FOLLOWING TERMS:
PA YIIIENT AND PERI'OIIII.UICE. Excepa.. oUlerwiaa provided in 1hìI Mort~. Grantor &hall p.y to Lender ad ~"""'"... secured by thi5
Mortga a u bY become due and IhaII alticUy perlorm.. of Grantor'. obIig.tiono under Ù1ÍI Mon_.
I'OSSES$IOIII AIIO MAllnDlAlllCE Of THE PROPERTY. Grantol agr..athAI Grantor'. poallUion and... 0' the Property .ha" be gO.ameá by
the following proviaione:
P- and U... UnIiI the occurrence of an Event of Default. Granmr fitly C1I remain in (IOUU&ion and control IIf the Property; 121
.... operate or Ø111A1 11ha Property; and (3) collect 1ha Renu Irom 1ha ~y.
Otrtr 11>........... Grantor &hall maintain the Property in tenIn1abIa eonàition _ prompUy perform .u r.pai... r.~emenu. and
~ nec-r to pr._va ill .......
~ WiIh &vir_ Lew.. Grantor repr_ end w..rlOU to Lender that: 01 Owing the period of Grantor'. owner.hip "'
1he Propet1y. tIwre ha. bun no .... generation. 1llilnU1actu'.. atorage. tr.aÞlllnt. dispoaa , r", 0' threatened r...... 01 any Hazardoua
Subltane. by any perlOfl on. under. about or from 1ha Property; 121 Grantor.... no knowledge 01. or '.....on to belie.. thet there has
bøen. axcept. pr.vioualy dÌ5C1osed to - acknowledged by lender in w,iting. 1&1 any br.ach or .ioIation 01 .ny En.ironmental La..s.
Ibl any.... eI1ItfaûQn. manuúocwr.. storage, U.._. dispoaal. ,__ or 1Iv-...d r.... 0' any H..ardo.... Subilanc. on. under.
about or from the Property by any prior 0101111" or OCCU lafIUI 01 1ha Property. or lei any actual III Ihr..\&nad liti¡¡aùon 0' claims 01 any
kind by any perlOn relating to luch rmner.. - 13) bçapr II pr..iousIy discbsed to and adtnowledged by Lender in w,iting. la) neither
Grantor ItDl any t.enant. contractor. agent or othar authoriJed ..... 01 the Pro_ly &hall ..... II1Itriia. manufactur.. .tor.. treat. dispose 01
or r...... any Hazardous SuI!stanc. on. under. about or f,om the Property; and b any auch acti.ity sh.h be COnd""uod in complia.....
....ith all appIicabIa federal. _a. and local law.. 'l ....tJona and ordinancea. Including without limilation ad EnvÌlonmroruaILaw.. Grantor
author.... Lender - ÍIIIageflUllO enter upon b Property 10 maIIa 1UCII1f1I IItCUQn5 _ ........ ill Gr........·~ .........,.. "" Lan:ler may deer.'
_opriate to doWtrmina compliance 01 the Property with Ù1ÍI aactir¡n 01 the Mort¡ age. AAy inapactions III t.au nadll by lander ahall be
for lander'. purpo... onIV and &hall not be conatruecllO "'_ any r.(IOI1IibiIitV or liSIbiIi.yon the pan 01 Lender to Grantor 0' to anyother
perlOn. The raprasanutions and wlfTlOtias conuined ....ein ... basad on GrlOlOr'. due diligence in investigating tha p,oparty lor
Hazar"""" Subatanc... Grantor herllly 111 rale.... and weivaa any......... eIfIÏnIa I IIinat Lende, lor ~y or contribution in the
..ant Gr_ bee_ liable for -....p or other c_ under any IUCII law.; _ (21 1fII- to indemnify. clal_. _ hold harmlu.
Lender ~ any and all eIfIÏnIa, 1oIMa. /iabiIitiu. damagu, IIRI/tjQ. _ __ which lendar may dirar::Ùy or indirectly .....tein or
IUff.r r.eu/tin¡ tr-. a breach of Ù1ÍI section 01 the ....t1gI I or II a ~ of any..... eI1Itfation. manulact..... .torl O. w..posal.
raieaM or ttveatenld r...... occurring prior to Gr_·. ow"",ohi or ~..t in the Property. whether or not tha ....... WII or IhoukI
ha.. bun known to Grantor. The pro....... 01 thi. uction of Ihoo Mortgau., ineluding the obligation 10 indamnily and clal.nd. .haII .....i".
the p.y~ of the ~ and Ihoo ..tiIIlaction and rac_..,anc. of the lien of Ù1ÍI Mortgil¡ O and shall not be al/octed by Lend.r'.
acquiaition of any intel.. in !he Pr~.,. whether by forK......... or I!therwiu.
1IuIeanca. W_. Grantor shall not -. conduct or IIßIÙt any nuiaanc. nor commit, permit. or autt.r any stripping 01 or wOl1a on or to
tha PrO(>ll1y 0' any portion of Ihoo Property. Without limiting the OI1ItCaIity 01 the llIll Oing. Grantor will not remo".. or g,an. to any other
party the rigItt to r......va. any tunbar. miner,"", (incIud;n¡¡ oil _ yas/. coal. clay. _II. .oü. gr.... or rock producta without Lende,·. prlOl
wriUen Gonaw'It.
__val of~. Grantor abaII not áernoIia/I or remov. any 1mpr0VMle!lll ftllnl the Real Property without lande,'. prior written
consent. As a condition to the remo.aI of any Impro_nta. Lender rmy require Grantor ID make ....ng.......u lltiSfactory to Lende, 10
replace auch Impro_ with Impro........" oI.t Iuat equal value.
Lenc/ar·a.... to e..r. Lender - Lender'. agent¡ and 'apr._ûvea may enter upon the Real Property at all r.....,nIbIe timu '0 an_
to Lender'. inte,.tI and to inspooc. tile fIu Propet1y far pur_ of Gr_·. compliance with 1ha terms and conditions of this Mortgaga.
CGm¡aIIuca ..... GovlßllllOØlal ......_a. Grantor &hall promptly COI'R )iy with all law.. ordinances. and rl ....tions. now or heraafter
in .ff.et, 01 "I I Dvantnlflntal autlKoritiu applicable to the .... or oc:e_y of 1ha PrO(>ll1y, includin¡¡ without IimiteÛOll. the Armric....
With DiubiIiiiu~. Grantor may - in good laith any auch law. ordinanca. or r.guiation and withhold complianc. during any
pr~. jncIuding appropriate ~. 10 long II GrIl1tOf .... notified Lender in w,iting prior to doing 10 and 10 long II. in LaNI....
...... opinion. 1.ar1dar'. inter.u in tha Property er. not jaopardùad. l.andar may require Grantor 10 po.t .dequate .ocurity or .. sur.ty bond.
'reasonably ..tialactoty to Lender. 10 pror.act Lender'. inteIur.
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092424;~
a.--. No: 781001368
MORTGAGE
(Continued I
Page 2
000680
DuIr ... Pr_. 61_._ neidler 10 m.ndon or IMv. unatÞnded 1he Pr0I*tY. a_ sIutII do ... odler KU, in addition 10 VI....
acla ..t for1h above in thÎI uçtion, which trom die clw'ec_ and .... 01 1hoo Pr~ .... r_NIbIy """....ary to prOleC1 ..,¡ P'_v. tho.
Pr~.
TAX£.& AND UBI&. n. following provisions r~ to die taxes ..,¡ ..... on tIMI Pt~... pan of thia ~g.:
PIt_t. Gr...... ab.ø PAY w,*, du. land In l1li .v..us prÎllf 10 oMIinquency ... ta&U, PAyroll __, .pIIC¡.j tuea, ....._. walllr
charg.. and ..w... HIvice chargu laviad against or on eccount of tIMI Pr~. ..,¡ ab.ø PAV w'*' dua l1li claims tor work dona on 0' lor
_vicao randera<f or mataNI lumiIIhad 10 tIMI PrOplltty. Grantor""" ~ 1hoo Property It.. 01 my lien¡¡ naving priority ov.r or .qy.1 10
tho. intar..t 01 Landllrunder this MoItgaga, .xcepl tor ÚIOH ..... apeciticlllly agrud to in writing by Landar, and .""apt lor tlMllien 01 III...
~ ...- not dUIt as lurtIw 1pIICifiec in 1ha Right to ConIut para¡¡reph.
RI bt .. Can_. Gtantor may withhold payment 0' any 1M. _nt, or claim in t:OnrIKtion with a good lailt¡ ¡ j¡¡pul. Å~", tho.
obIigalion 10 PAY. ... long .. LandIIr'a intera.t in tho. Pr~ is nol jaopardiud. II a Iíoon ....a or . ldad .. a r..uIt 01 nonpaymanl,
a,antor &hall within Iü-. 1151 cUya aftal die Iíoon..... 0', jl alíoon ia fdad, within fi'-n 1151 daya ahar Grantor ha& notic. 011hoo filing,
HCUra tho. diacharga 01 1hoo liaR, or it '........d by lAndar, dapoait with Landar caah or a aufficiant corpora.. aUl.ty bond or othot ..c..rity
aati5t-=tory 10 LandIIr in an amount aufticiotnt 10 di5cbarga the Iíoon pIu& any cosu and r.-..biII attorney.' fee., or odler ch..g.. that
could ecc:.... .. a raault 01 a lorecloaur. or .... ......... the liaR. In my cantU\, GrantOr _ d.l..,¡ itull and Lander ~ shall .atialy any
~v..aa judgment be,.... anlon:8Ißant a~ the Property. Gramor ahaII name Landet as an additional oÐü¡¡u uncIar any ."'.Iy bond
lurnished in the contest procaadin¡¡¡.
Evidence of PaymanL Gtantor shall It II')ß demand lumiah to Lander aatialactory avidanca 01 PAvmant 01 the tues or auesl/'ß8ßts and shall
aulhorize the appropriate governmantal official 10 deliv.. 10 LandIIr at any time a wriUan ._ 01 die fa... and ........m.lnla lOgainst
Iha Pr~.
IIoåGa øf~. Grantor ahallnolify LandIIr at Iuat fihun 1151 dava befor. any wcwk. commenc.d, any HrVic.. ara I""'""""'. or
any malltriills ... supplied to die Property, it any mec:haniI:'a lien. matarialmen's lien. or 0Ihar lien could be .....rted on account 01 Iha
work. ",vicaa, ør matafiala. 61..-. will """" raq....t 01 Landa, furnish to Landar advanr:& uautancu aalialactory to Landar lhat G,a""'r
can ..,¡ will PAy the co.t 01 aIICh improv.....nts.
PROPERTY DAMAGE MlSUIlAltCE. n. following proviaiona relating to insuring die Pr~ .. a part 01 this ~e:
...-.- of............ Grantor shaH proc.... ..... maintain políciaa of Iir. u-..... with atandard .xtIIndad covaroge endor_ on
a ,aplacamant basis for die lull ÌßlUrable value covering aU Impro_ on the Real P,operty in an ,,",OUI1t ."'Iiciant 10 avoid application
01 ...y c.........anc. cIauaa, ..... with .. sundard mongagaa cIauaa in lavor of '---. Granto, snaU aUo procure and mainIain
comprahensive genetalliability illaUlanc. in 5ucb co-age amolltllS .. lendar may ra_t ....ith Lander being named as eáditionaI ÌßlUrIlás
in aùch liability inaIIranca poIiciu. Additionally, Granror &hall maintain auch otbar ilia",....., including !¡1It not ümitad to hazard, businu.
intef,uption ..... boIIar ÌßlUranr:a .. lendar may r.quira. PoIIciu &hall be wriltan by aIICh inour..... cornpanias and in such lorm as may be
raasonably ecc:.ptabla to LandIIr, Grantor sIutII deIi_ to Landar C8rtÍfil:a1aa of ""_l1li" trom _ ilia",., contAining a stipulation Vlat
coveraga will not be cancoUeá "' diminìahad with0\4 a minimum 01 thirty (301 dava' plÌOt wrillen notice 10 lcndar and not containing any
disclaimer IIf the inaure,'a liability lor lailwe 10 give aw:h noIiI:a. Each inaUlIll1C8 policy aIao sh.ø include .,n endorsamem providing II1at
cov.raga in favor 01 LandIIr will not be Impairad in any way by any act. omiuion or dal....t 01 Grantor or any otnar person, Should the Real
I'ropany be Ioc:atad in an .... deaignatad by the Dirac:to, III 1hoo Federat Emetgency MilßI amant Aijeney a. a apecw flood hazard aru,
Granto, .- 10 obtain ..,¡ maintain FadataI Flood Insuranc., if availabla, for die fu unpaid principal balanc. 01 the loan and any prior
liens on the property uaJCing Iha loan, II I to die maximum policy limits aat unde, the National Flood lnaüranc:e Program. or a. IItherwiaa
,""....ad !¡y lAnda,. &Ad to P>&intain such insuranc. for the tann 01 the loan.
Ap IIIcaIIon of Pr_. Gr...tor ahaM promptly notify lendar of any Iosa or __ 10 the Pr_rty il the .otima..d "ost 01 ,epair or
raplacament .xc_ ",000.00. lander may maIte pnx.1 01 Iou !I G,anlO' laiIs 10 áø ao within ¡¡ha.n (11i1 day. of \he ca.ually. Wheuwr
or IlOl Landaf'. IIICLIIÌty is impaired. Landc, may. at Lande,', e1ec:tion. rec:aive ..,¡ ,atain Iha proc._ 01 any insuranca and apply 1he
prøcudo to \he ,aduc:tion of the Indebtadne.., payment 01 any liaR .,lfeeting \he Proparty, or die rutoration and '.peir 01 the Pr_rty. II
L.Itßdor alaçu to apply Iha prøcaeda to r..toraaion ..... rePAir. Gtantor shiIU repair or raplace tho. damaged or deatroyed Improvamantl; in a
manner ..tislactory to lAndar. landa, ahaII. II I,," uliafactory pr....1 01 such _nditur., PAyor r8itnbur.. G,antor I,om Iha prøceeóa lor
the r.asonabIe: coat 01 ,epair ... r_alion it Gtantor is not in detault under thia Mortgage. Any proceeds which have not been cIisbut..d
within 180 days aftal their recaipt..,¡ which Landa, has not c:orrvrùUad to tho. repair or 'ulOtation 01 Iha Propanv ahaII be ....d I"st '" PAY
any amount o....ing to Lander ......... tIIÍI Mort llgll. t,*, to pay acer,*, intarut. and tIMI r&milÌlldar. il any. .ha be apptied 10 the p,incipal
baIanca 01 die Indabtadnaaa. II La.- hoIáa .ny prØC108da a_ PAyment in lull 01 tho. Indabtadnaaa, .",,11 proc.1Iás .twou be paid to Gtanto,
u Gt&ItIO,'SI!ll8lNta may ap I8iIt.
LØ D£R'S EXPENDITURES. If any action ... procaading is commenced that wcwld ma_iaIIy alfact lAndar'. intara.t in tho. Property 0' il Grantor
laiIs 10 comply wilt¡ any provision 01 this Mortgage or any Related Documenta, inc:Wding but nollimited 10 ar...IO"S lailwe to diacllarga 0' PAy
when du. any _ Gr_ is ,""....ad to áiacharge or pay under thia Mo~ or any RaJated Doc......ntli. landa, on GranlOr's behillt may
IlWt ahaU not be ~ted IOj taka any action that Lander _me _oprie1a. including but not limited 10 di5r:harging 0' paying all taxes, liens.
aecurily in&ar..u, an,,,.n1br_ ..,¡ other "leima, AI any lima levied Of pIac~ on tho. Pr~ &rid PAying aU coati; tor ""'ing, maintainin¡¡ and
praserving the Property. AIIIIICh .xpandiwrea inc......d or paid by Lander 'or sucll purpoaea ....011 U- beat interest ,t the rata charged Llßder the
Nota from Iha cUta incUlred or paid by Lander to die da.. 0' rapaJl1*U bV G,anlOl. All """II ._.-a will becoma a pan 01 Iha Indebtadneaa
and, .t Lander', option, will IAI be PAVable on demand; 181 be ilddad to 1hoo baIanca 01 the Nota and be apportioned ""'0119 and be PAyeble
with any inaUJlmam pavmenta to become - during aithar (1) die tann 01 any appIicabla inauranca policy¡ or 121 the ,emaining tarm 01 the
No..; or ICI be treated as a balloon PAynwat which will be dUIt ..,¡ PAVabla at die NoIII'S matUlnv. The Mortgage aUo ....iU s""Ula payment 01
thaae~. Such right ahaII be in addition to .. other 'igh41 ..... remadiu to which Lander may be entitIad LJpOn Oal....t.
WAIIRAIITY; ŒfØf$E OF MLE. The foIowing provìaic>M ,elating to ownership ol1hoo PrDpllrty ... a part 0' this Mortgage:
TItle. Gt_r warrantl ~ ¡al Grantor hoIáa good ..,¡ marketabla title III 'ac:ord 10 the Propcny in f.. simpIa, tr.. and cia.. 01 aU liena
..,¡ ancurnbrancu other than tI10sa eat forth in the Real Propllfty daat:ription or in any tItJio ins......"'" ¡¡ü~¡;y, till. report, or final title cpinion
iasLllld in lavor 01, ..,¡ ac:captad by, Landar in connaction with thia Mortgage, _ Ibl Grantor has the ''''I ,igllt. pow... and __ity to
_Uta and de~VIOr thia Mortgage to Lander.
De'- 0' TIlle. Subjact 10 \he excaption in tho. paragraph abova, Grantor warr...U and will lor.ver deland the title 10 tho. Property against
the !awl'" çlaima 01... pereo.... In the .vant any action III prDCaading ia commenced lhat _atio... G,anlOf'a title ør the in..rut 01 Landar
......... this Mortgage, GranlOt _ defand the action at G,antor'. ._c. Grantor may be Iha nominal party in such proceeding, but
Lander - be .ntitled to participate in the proceeding and 10 be r.pr...nted in \he proc_ng by ¡;oUl\H! 01 Lander'. own choico, ar><1
Gtantor will _ar, Of _a to be Hlivorod, to lAndar ....,11 inauumenta as Lander may ,a_at from time to time to parmit ""'11
participation.
rft""'''- a WUII Lawa. Grantor warrants lhat 1hoo Proparty and Gtantor', .... of tho. Property complies wilt¡ aU .xisting appüceble laws,
ordinancea, and 'lOgulationa 01 govarnmental _itiu.
&urvivaI of Repr~ - WanwttIaa. All rapr&MfUtiona, w..rantiea, ..,¡ IOgr......nu made by Grantor in thia Mortgage a/lall
...viva die .....,ution ..,¡ delivary 01 thÎI Mortgaga, _ be cominuing in nat..r., ..,¡ ahllll romain in ftAII I"",a and elfact un&iI such time ....
Gtantor'. Indabta-' _ be paid in lull.
CONPEMNATIQII. The following proviaionl relating 10 condemnation prOCMdinga ara a part of thÎI Mortgage:
1'r8ceaoIInp. If any proc;88díng in condamnation is tiled, Gtantor ..,... promptly tIIIÚfy Lander in writing. and a,antor shaH prornpdy taka
IUCII -... as may be _y 10 .,..,¡ 1ha action ..,¡ obtain the award. G,...tor may be the nominal party in IUCII proceeding. but
lAndar ahaII be antitlad to participala in the proceading ..... to be raproaantad in tho. proceeding by counaol 01 its own clloica, and Gr"'lOr
will deIiv.. Of c:a.... 10 be deli_ad 10 Lander a""h inatr........u ..,¡ dor:umanaatian .. may be r_.ted by land., Irom time to run. 10
permit such participation.
........."""'. .f - Pr-*. It all or any part 01 the Property Is c:ondamned by aminant domain proceedinga or by any proc.eding or
purchua in lie.. ", condemnation, Lander may at ita aIaction ,equira that all or any portion "' tho. .... p,ocud. 01 the award be applied to
the ~ or 1hoo repair or ,_ation "' tha PrOpllrty, The Rat prøcaeda 0' the award ahaII mean the aw..d alter pavmant 01 aU
railSOß&bla coau, ~. ..,¡ attornava' taaa inc:ur,~ by lendar in t:OtUWCtion with the condarnnIItion.
IMf:OIlITION OF TAXES. FEEtI AIIIJ) CHAltGES BV GOVERIIIIÐITAL AUTHORITEa. The IoIJowing provision¡ ,elating to govarrvn.ntaI .......a,
taaa and chergaa ... a 'pan 0' thia Mort¡¡age;
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09;¿42/~;~
loan No: 161001368
MORTGAGE
(Continued)
000681.
Page 3
Curr_ T...... "-.... a.._. Upon r"'l_ by lendaI, Gr_ shAII.ueute auch dacumentl in addition to Ihia Mortg'U. and take
w"-"'_ oUIer açlion M; r........... by Lender 10 ¡¡erte<:t and CIIf1Iinue l.anrler·, lien an VIe Reel Property. G,IO\O, shAll 'eimbune lender to,
l1li t&1uII, as ducribed below, ~ willi all .__ inc!.a',ood in ''''''''ding, perfeGaing or cominuìng 1hia Mortgage, includin¡¡ wi&hou¡
lirnqation aII_. ...., dacUlrlef>talyatempl. and D1Iter cn.ru- for recording or rll Íaterin¡¡ 1hia Mortgall".
T...... TIte IoMowÌll IheII c.....tiIute -- to which 1hia ucIion eppIiea: 111 ,.pecjflC... upon Ihia type at Mortgage or "-n all or ant
pen 01 - 1ncIeb__......... by -~; 121 . apec:ific .... on Greruor which GrentDf it __jud or r.quired to deduct tram
P8\'1N1.... on VIe Indebtednul ..and by 1hia type at Mong.age; 131 a &IX on 1hia type at Mortgage charll"mIe "llaullil Ù1iIlandet or the
holder at the Nota; and 14 a _ifil; &IX on all or Il\V porIion of the Indebtednua or on pay_nt. of principII and inter..t m.... by
G,Il1IOt .
~ T...... If any &IX to whicIt Ihia IIICÞon eppIIa ÍI enectecIlUbaequent 10 the dace of 1hia Mortvlll" thi, .wnllhalJ .Jve tN
..me .ffect AI In Ewnl of DetIuIt, - ÌM1der INY uarciu any or all of its avlilllM r_diu for UI b.nt 01 D.fll.llt .. pro.ided below
unIeaa G,antor ei1her 111 INIYI lite .... be"". it beconwa ~ or 12) ~ VIe 1M .. provided åv. in the Ta.... and Liens
SlICIion - depoaira wid! Lender CI8h or , ",lIicienl cOl'pOl'ata ....ay bond or _ security lllÍSfiIClOIy tD Lende,.
IiCUIUTY AGIIEEItEIoIT; FiMAIICING STATiMElfTS. The IoMowlry¡ provisions relltin¡¡ to Ihia MorIQI I as a Qcurjty egrMment If. a >1ft of
IhiI Mon¡¡a¡¡e:
Sec&IrIty ._1. Thia Instrurtl8l1l 5heII conetilute a Securily AgrMII\8nC to VIe _ any of the Property conslÍtutu fixtures. and
lande,lha he... l1li of the ,ights of . lICWed pIlty und.. the Uniform Commerçial Code .. II'ßIIIded f,om time tD time.
Securily....Nt. Upon,8qUNt by Lender, Gr_ Iha .... wn.- açlion ÍI ,~ by lander to perfect and contirw. lander'.
""....ity inIet..t in the Rams and PerSORll Proper¡y. In IddiIion to fecordlng Ihis Mort¡¡a¡¡e in Ihe ,.11 property ,.corda, lander _y, al any
lima and withoul furllter auIhoriution from G"W'If, file exec;UI8d counterPll1l. copiu or r"PIoducÞons ollhia Mortga l &II , fil1MlCÌII
s_nt. G,antot Iha ,eimbur.. I.ronder for all ........... inc....ed in ....fectin¡¡ or continuing thiri ucurity in1ar.iI. Upon def.ull, Grantor
ahaII nol remo.... "- or detlCh the P.rsonal Property from Ihe Property, Upon default, Grantor shaU aasambIa any Per.anal Property not
affixed to 1Ite Properly In . ......... and at . place r...onabIy convenient to Grantor and Lender and make it .vaü.bla to L.nder within thr..
13 ....,. aher recaipt of wriaen dIorn.1nd from I.enrIar II> Ihe __ _mined by ~ law.
Ad*e_. The mailing ~..... of G_ (debtor) and I.Mder lMcured pIltyl from II\IIIich information conc...ningthe MCUrity int....t
grentad by this Uartga"" may be oOtained each .. .equired by _ Uniform c:om..-ciaI Codal If. .. ....ted on the lir.t page of Ihis
Mortuage·
RJRTH£II ASSURAllCEII; ATTOIIIII.EY~-FACT. The following provlaions r...ting 10 further ............. and luo,ney.in.lacl are I pert 01 this
Mongl l:
FIIfIIter Aasw_. AI any lima. and from time 10 lime, upon req....t of lander, Gr_ will make. ....cuUO and lieU.... 0' will c..... 10
be -. .xe<:Utad or deli_ed, to ~r or to LendIIr's duIg.... _ wlterl r~ by Lende" ç_. 10 be lIIea, rll(:orded. ..filea. or
,erecorded. .. the c... may be. .1 .uch IÍrMI and in such offii:ea and pIac., .. lander .....y deem appropriate, .ny .nd .U such mort¡ agll,
deee. of trust, .eeurity deada, M<:urity agr_. financing __nu. continuation .ta_lI. inltrument. of funhe, assurance.
canific.... and 0Ihet dIM:umenta .. INy. in the IOIe opinion of landu, be -...y ordelireDIe ÌII ordar 10 elleC1Ulta, complet.. perleet.
continu4, or pr-.. (11 Gran",,', obligatio". under Ihe Hole, Ihia Mort¡¡a¡¡.. and the RaIl.... Doe&.rnenta, and 121 the liens and
lICurily inletuu crM18d by tIIÎf Mort¡¡e l IS Wit and prior Ii-. on Ihe Propeny. whether now ownerS or heruh", açqul,ed by Gramor,
U.... prollibitad by law or I.ronder egr- 10 the contr.,y in writin¡¡. Gr_ IhaII rairnbur.. LendIIr for aU casll and ._ incurred in
connection willi the manera r.fured to in this PIB faph.
A_y-tn-feç . II Grantor faila II> do any of the 1hir1¡¡. r....rea II> in lite prlcedin paregraph, I.ronder _y do '0 for and in the ........ 01
Granror and at Grantor'. _. For auch _. Grantor her.oy ir...ocabIy __ landa, III Grantor'. .nornay.iß-facl for lite
.....- of måing, -uûn¡¡,daJivarin¡¡. filin¡¡. recording, and doing all olher ti1inga II may be _IfY or de.irabla. in L.nder's IOle
"pinion, to accor¡l liah the matIM. r.,..... to In the precadin¡¡ paragraph.
RJU PifIFOaMAIIœ.. If Gr__ pay. all lite Indabtednass. including wÌÚloUf limitation .. futurl edvance., wlterl due. and Olherwial _forma
all lite oGIigationl "'-" upon GrIl1lOl ....... Ihia Mort¡¡a¡¡e. Utndar IhaII .....c.... and deliver to Grantor a auitable satislaction 01 Ihia
~ and l&åtabla I~ of 1arminillion of any tinancin¡¡ ltalltlMnt an file .videncing lander', lICurity jntar..t in the Renll and lite
Prnonal Property. Gran"" will pey, If IIII1IÍU8d by I IpÜ(:aòIe law, any r_onabIe tarrninedon te. .. determined by Lende, from lima to lima.
£VØITS Of'DEfAULT. Each of 1he foIIowin¡¡. aILendllr', option. IheII conatítur.e an E_ 01 o.taull under thiri Mongaga:
Pa~ Defeut . Grantltt!aile to ........ any payment when due under Ihe Indabtedneu.
Default "" Other ""__. F...... of Gr_ wbhin Ihe time required by this ~ to malt. any paymenl lor taXllll or Înluranca, or
UlY other peymem nec:uaary tD prevent filing of 01 to affecl diIc:har¡¡e of any Iìan.
Other DsúuIIa. Grantor tUa to comply with or II> _form any other "rm, obligation. co_nt or condition contained in this Mortgag. or
in any of lite ReIased DocUl1lOlOtl or to comply wjÙl or to perform any term, obIigltion. covenant or Condilion contained in any olher
egr...,.". betWMn I.ronder and GranlOr.
Default '" fII_ '" Tlllrd........ Should Gramor default under any loan, .....1IIion of credit, Hl:urily .greamenl. .....che.. or ,"i..
egr..mant, or any 0..... agr-.>t, in favor of any olher creditor or _IOn lhet ....y materially . fect any of G,antor '. propany or
Grantor's ability tD r_y Ihe 1ndIIbtad..... or Grantor'l ability to perform G".ntor·1 obliga1ÍOßI unde, Ihis Mortgag. or Iny '.....d
dacument.
FaIN S-. Any w....nty. ~.-rion 01 -.. ..... or furnished to Landar by Grantor or on G,antor·. behall unde, this
~ or the ~ DocUlltlll1lll it iaIu or rniaIaadin¡¡ in any ...-iaI r_CI. ei1hernow or at the lima madoi or furnish.d or beComll
I..... or mialeedil1¡¡ .t any time theruttet.
~ ~--. Tbia Mort¡¡a¡¡e or _ of the Related Doc4.omenta c_ to t>a in luU for", and Iflcot lincluding lailu.. 01 any
collateral dacumam 10 cr.... I valid and p..-fectad aacurity intarut or Jien at any time and for any r_.
DeatII erluolvancy. The - of Grantor, lite insolvency of Grantor. Ihe appointment of. ..cei..., for any part of Grantor'. properly, any
usignmaot for 1Ite benelit of creditor,. any Iype of creditor worllout, or Ihe ~ of any proc....jn¡¡ unde, any bankrupacy or
insolvency law. by or e¡¡ainat Grenro,.
c........ er ForfeIture ProcødInp. C""""""".....nt 01 fo<ec:loaw. or forfeiture pr~, whether by judicial prOCMain¡¡. H f.llelp.
r.P<'·....~ or any othar method, IIy any cradilør of G,......... 01 by anygo...rrtll1llltal lI 8nCy against any properly ncurin¡¡ the
lndllilta.ø-. This Jnc...... I AI11ÏIIIIment 01 UlY ot Grantor'. _. including depoait ICCountl. willi Landa,. However. IfIiI E.....t of
Defauft IhaII not apply jf 1Itare ia .. ~ faith di5...... by Gr_ II to lite QJidåty If r~ of the claim which ÍI the ba.ia 01 _
cr.diII>r 01 lor1eitur. procaadin¡¡ and if G_ gi.... I.ronder wrÎUlln notice of the creditor or forfeiture procelldin¡¡ and doipoait. witt¡ lander
..-.;as 01 a ....ty bond for tha C'ldito, or forfait..... proceedin¡¡. in an 8I1t01.WII determined by Lander. in its loll diacretion, as b.in¡¡ In
adequata Ja..... or bond for Ihe dispute.
Ireadl '" Other Agr_. Any tlrNCII bt Gr_ under Ihe ....... 01 any other egr-.tt betw.en Grantor and lander that ia not
r........... within UlY graçe _iod provided therein, incIucfin¡¡ wiÙlOUl limitation any .........1 concerning anv indablldnus or other
oItIigalion 01 Grantor to~. whether ......Iing now or ....r.
~ AHacdng Guer_. AnV of Ihe fQCIIding ._ OCCUf' willi 'upecllO any 11l1li_. _..... ....aty. or eccOll1ll\Od¡ lion peny
of any of 1be InrIabtednuI or any _-. _..r. __Yo or ~ ~y diu or bIIcoma. incompetent, or rayokes If
dÍI tIJtU ÚI8 llalidity of, or übility undef, any GWII'lnty of the 1ndIItatedrwa.. In Ihe 'Vent 01 . death, la"""', al its option. may. but shall
not be requir.d to. permil 1he _antor'., __ 10 ......... uncondõlior>aUy the oDIigationa erilin¡¡ ...... the guaranty in a ..........
lltiaf~y to L.ender. and. in doing 1O.,C&a"' any Event of Defaull.
Ad_.. CIIaa¡¡e. A _iaI """..... cban¡¡e occ,.... in Grantor', financial condition, or ~ beIie_ the pro_ct of payman¡ or
performance of VIe Ind11i1I8dnNa ia impaired.
1Ituc:orrity. Landar in ¡¡ood faith belie.... iuaIt inaac:w..
RIGHTS AIIID ~ ON DeFAULT. Upr¡n the DCCur,.noe of an Ewnt of Defauft and 11 any time theruttar, Lender. .t l.nder'. option. may
~ any one or more of the foIIowir1g rif hU and r~, In addition to any other rl hu or r.......... provided by law:
AccaI..-úa 1adIIIt.......... lander ahaIJ ...... the riglu at ill oplion w~ notic. to Grantor to dec..... the .ntir. Indebted"""" immaCiallly
~;m~!Ir~~~::::::::
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O~;¿424~~
Løan No: 781001368
MORTGAGE
CContinuedl
000682
Paga 4
due wid pay...... including any X8paymant pItIWIty wIW:h 01_ wGŸd be required to pay.
ucc.......... Wich,~ '" all at any pan 01 the Pw_ "'-"v. Lende, _ hew all ilia ,ighu wid ,.....die. 01. MCuI.d party
....- ilia Unifonn Commarc:ial Coda.
CoIact 1Iaata. Lender - ..... the ,ight. wÌlllOuI norica '" 01........ '" take polMNion ollila Pr~. including during the pandancy 01
10ll,cloaute. _lIIar judicíe 01 no...judici¡¡I. end collel:llIIa Ranta. incIudin¡¡ _ ....t due wid unpaid. end apply thoI nel proceed.. o~er
end above Lender's œsu. Against thoI 1ndeb1lldlwø. In Il.W1her.nce 01 1hie right. Lender ..,.y 'equire any ¡ananl 01 ollla, uaer of ilia
Propeny"''''''' pay~ta of 'ent (If....... diraclly '" Lender. If the Rents ere collected by Lender. Ihen Granto< irr.vocaÞIy de'ignal.'
lander .. Gramor·. _ney-in-tllCt 10 -- inaII'umenta ,eceived in payment _...f in ilia name 01 GranlOr and 10 nogotial. the ......
end CQ ect the pllICeed¡. P.ym.nu by - or IIIher ..... '" lender in ,_ to lender'. demand _ uûsty the obIig&¡iOll& fOl
whlc:h the paymems ar. made. whaIha, or not any pr_ grounda tor the demand ""'lad. lender may .""rciae its righta woðer this
&ubparagraph eilhar in ....&01'1. by & lInt, or thr04l h . 'ecei.....
Appaiod .......r. I.end8r ahaI.....the right '" heve . reClliv.. a¡¡poinqd to tab poa&&&&ion 01 all 01 any pert 01 thoI Property. with the
power to protect end pr_v. IN Pro.....y. 10 oper... the Property pI-.Dng forec:loeur. or .&Ie. and to collect the Ranta trom the
Property end 8ppIy the prQÇaeda. OWl &rid abow the cost of the raçeiverahip. .~ ilia 1ndebracInau. The ,eceiver may _ve wilhout
bond il parmiwod by law. lander'. right to the appoimman& of . ,eceiver &hall exist whelhar or nol the ap¡>Vent yalu. of the Properly
axcaada the IndabtedIwa& by . aub&Un&iaI _. Employment by Lender &hall nol disquaäty . .....00 from urving .. . receiy.r.
JudicIal For............ Lander may oDÞín. judic:W deer.. forac:k>&ing Grantor'. intar_ in all or any pan of the Property.
................... Lander may løcac:loaa Grantor'. in..._ in all or in any part of the Pr~ by nan1udic:ial &ale. .nd .pacifically by "power
of aaIa" or "advertiaMtant end &ale" foraclo.... .. provided by aIaWla.
Oaliclancy~. If per...m.ci by applicable law. lender ....y oblaUt . j;¡dgmaot for any deficiency rem.ining in the Indabledna&& due
to Landru .ltar appIicUion of all _unrs ,ac:.ived f,om thoI ....'ciaa of ilia 'ighu provided in 1hi& uclion,
T-v.. Suffer...... If Gramor ,amalna in ---... of the Property.her ilia Property ie aokf.. provided abov. or Landar olharwia.
bacomu entitled 10 >O&U&&ÍOn of the Property upon default 01 Gr...tor. GlAntor &hall bacoma I tenant .1 .uf....nee 01 Leodar 01 the
purc""'er of the Property end &hall, .1 Landa,'. option. aiIhar 111 pay. ,...onable _ lor the .... of the Property. or 121 vacala the
P,operty immediaUlly Ij IOO the demand of Landa,.
Other......... Lander &hall heve all ather r!ghta &rid 'aroadiaa plovidcd In thi5 Mortgage Ollila Nota or available .11a... 01 in .quity.
.... of the........,. To the........ pannittad Ity appIicabIa law, G....to, her.by waivaa any end all right to he.. ilia Property mar_lied.
In .urci&in¡¡ ita IÎghIa .,..¡ 'amadia.. Landa. aItaII be tr.. 10 _ all or ..y part of the Pr_rty togather or aaperately, in ona ..... or by
_.ta...... Lander &hall be antitIad 10 bid at any public &ala 00 all (If ""y portion of 1ha P,-"\,.
IIIoIIca of..... Lander aItaII give Grantor ,.a50nabIa nolic. 01 the time and pIaca 01 any public .aIa ot the P.,aonal Property 0' of thoI time
.ttar which any prlV_ &ala or 0_ intended diapoaition 01 ilia Paraonat Pr~ ia 10 be 1Nda. RauonabItt notic. &hall ....an notic.
given at Ieu1 tan (101 day. before the time of the &ale or diapoaition. Any.... of the Pwaonat Pr_rty may be made in conjunction with
any aala of the IIaI Pr~.
EIacIion of....... EIeaioo by Lander to pur_ any ~y WII not exclude purauit 01 any other '.medy. and an e.l8cúon 10 make
axpanditur.. (If to tak. action to perform an obligation of G,antor unde, 1hie Mongaga. altar Grantor'. failw. 10 perform. .haII not .ffecl
lendto,'. right to declare. deQuIt &rid _cin ita .amadiaa. Nothing under thio Mortga¡¡a or lItharwiaa .hell be conslfued 50 .. to limit 01
r..lfÍC1 the righu and ,-œ.. available to Lander foltowing an e....t of Def...... 01 in any w.y 10 ümit or ....lIict the 'i¡¡hta and ability 01
Landar to procaad dirac:tty againatGrantor arv Jor againat...y 0_ co-malter. g_........ ......tv or ando,... end/or 10 proc.ed again&1 any
other _tara! dlrotclly (If indiracuy ucuring ilia 1ndeIItadnas&.
A_neY'" Faaa;~. If Landar in&titutas any auit or action 10 .ntOlC. .ny 01 ilia tan... of 1hi& Mortgaga. Lander .hall be ontilled to
rUDvar auch &urn .. ilia court may adjudge ,uaonai>la .. 1It1OmaY'" fau .1 trial &rid upon ""y _al. Whether Dr IIOt any court action ia
involved, &rid to ilia extant not prohibited by law, all ,auonablll .xpana.. Landa, incwathal in L.I\de,'. opinion ..e nece...ary at any lime
10' the protection of ita inter... or 1ha anlorce....nt of ita 'ighta _ become a part of ilia Indebtadna.. P'lyabla on damand and &hall bur
in.....t ill the Nola .- f,om thot data of 1ha .xpenditur. until ,epaid. Expanaea cov.red by thi& par .graph includa. without lirnilation.
howover .ubject to any kmits under ~ law. landar'. ,.....nabIa .ttorneys' fa.. &rid Landar'.lagal expense, whether 01 IIOlthore ia
· law.uit. including ,U&OIIiIIJ a .uomaya' f... &rid ___ lor barWuplcy procaadinga Iinctudin¡¡ effort, 10 modily or vac:.te .ny
automatic .tay 01 injunction!. _al,. and any anticipated I1I$t·judgmant c:oIIec:tion aarvicu. tha co.l of ..arching r.cords, obtaining litle
'.porta lincIuding 10'........... raponal. ........_.. 'apona. .nd appraiaaf f_ .nd title lnauranca. to the utant parmiaad by applic.tlla law.
Grantor alao will pay any coun co.ta, in addition 10 all _ auma plovided by law.
JIOTICiS. Any notica required to be given undeJ 1hi& Mortgage. including without IiIf1i&ation any no1ica of def_ and any notic. of sala _II be
gi.... in writing. and &hall be .ffectlv. when actually dalivarad, when actually ,.ceived by talafacaimila IunIau olharwia. required by "",I, when
dapoailad with . nationally 'ecognized ove'night courie,. Of. if ntaiIad. when dapoai1ad In 1ha United Slala& mail. .. lir.t c...... certilied 01
rOgistarad mail post&ga plepaid, directed to the addr..... &bowo ...... the bagioning 01 tIIia Mort¡ ago. AU copiaa 01 notic.. of for.cloaur. from
the hoId8r of any Iiotn which hu priority ov.r 1hi& Mortg& ll &hall be &4Int to landa,'. addreaa. as ahown near tha beginning of this Mortllila&.
Any party may chonga ita addr... 10' notic.. under 1hie Morlg& a by giving tor..... wriuan notic. 10 the 0_ partiea. apacifying lhal tha
purpo.. 01 the notice ia 10 change the party'. addr.... for notic. pur_so G'anlOr agr_ 10 keep Landar informed at aU tilTW& of GrlolOl'.
c"".nt addr.... UnI&s& Þlharwiaa provided (If required by law, il that. i& more than """ Gramor. any notic. given by Landa, to any Grantor is
daamad 10 be no1ica gi-. 10 all Grantor..
IIISCE1.LUII:OUS PROVISIOMS. The IoIIo¥VinII ~... pr!lvWion& ar. e part of thio Uort¡¡aga:
"'-""-. Thia Mof1¡ aga. ~r with...y ReI&1ad OcIc:uIMnta. conatitutaa tha antiJ. undaratanding .nd agr..menl 01 the Parties as
10 the _ra &at forth in tIIia Mortgaga. No ~.Iion 01 or amandmIInl 10 tIIia MortU.ge _II be .ffactiv. unless given in writing .nd
Iignad by ilia party 01 partie. aoughllO be charged 01 bounà by thoo slter eti"" or atMl1dment.
ArwoaI~. If the Pr-"y ia \IUd lor pur lOM. other than G'anlor·. 'aaidw1œ. Grantor ahaJ lurnish 10 Land... upon .eq....t, I
certified &1atomanl 01 nel _ating income ,ac:aivad from the Pr_rty during G'antllr'. pr........ rasclI y.ar in .w:h fo<m end datail ..
Lender - requir.. ·Hat operating inç""",' &hall maan all caah ,açeipts from thoI Property...... all cuh _ndítur.. mada in connectJon
with the _auon of the "'-ty.
&.ptIDø Haadinga. Caption~. In tIIia Mon¡¡aga ... lor c--..,. ___ only and ... not 10 be used 10 interpret 0< define tha
proviaionl of thi& Mon¡¡aga.
Gavwalng law. TIIia........ - loa go.......a Ity faderaI law appIcaItIa 10 ~ ...... to the _t not pr.........d Ity f......, law. ilia
law. 01 the S_ of Wyoming ww-. .....d 10 11& coMIIct& of law ....VÎ&iDn&. TbIa ~ ... ...... acceptad Ity Lander in the Sta¡a 01
W,........ .
Choice .t V_. If -. is .lawauil. G,antor .g'''' upon Landar·. ,._110 .ubmit '" ilia juriad..,1IOn of the court. 01 Lincoln County,
State of Wyoming.
Joint... Several UaIoIIiIv. AM oIIIigJtiono 01 Grillllllr under this Mongaga .hell be joint and ........1. end all ref..enc.. 10 G,anto, .heN mean
each end .vary Grantor. Thia........ thel ....h G'antor IIigning baiow ia ,aaponaibIa lor all obIi¡¡.ti0n6 in this Mortgag..
.... W...... Ity leader. Landar shall not be daamed 10 ..... waived .ny ,ights under this Mortgage unIa.. ouch w.iv.. Ie givan in w,iting
and signed by landar. No delay (If omiaaion on tha part 01 Lander in .....ci&ing ...y rigln &hall __ u . waiv.r of SUCh ,ighl or any
other ,igIn. A wai_ by Lander of e proviaion of tIIia Mortgage &hall not prejudice (If constitute. waiver 01 Lender', ri¡¡ht olharwiu 10
demand strÍl:t compliance with that plOyï.ion or any o1har ploviaion of tIIia Mortgage. No prior waiver by Landa,. nor any cour.. of dealing
between L.andar &rid Gr........ &hall ctlllltiwta . wai_ of any of Landar'. rights or of any of G,antor·. obligations .. 10 any future
vanaaçtiona. W'-- tha conunt of Lander ia ,equired ....- 1hi& Mortg& ll. the granting of .uch consanc by Lander in .ny instanc.
.haII nol c1lllltiwta c:ontirwing - 10 ~ instancaa where .ucl> C0n&8nt ia 'AQuirad and in all cas.a ouch conaent may be
granted or wi1hhald in tha ... diacr.tion 01 Landat.
Sa.....,. If. court of """"'"tent juriadictJon finda any ptIIviaion of 1hi& Mør1g& ll It> be illegal. invalid. 0' .....nforc..bIe .. 10 any parson
or circumat&nt:a. thai linding .hall not maI<a the offandin prDYiaion illegal. invalid. or .....nfO'cubIa .. '" any other par50n 0'
,ciJeumatanc..1f I........ the off.nding proviaion &hall be considered modified 50 thoIl it becomes 1ag.1. valid .nd, antorcaable. If the
otfanding IIOviaion cannot be &0 modified. it &hall be c:onaidarad delatad f,om 1hi& Mort¡µl a. Unleu otharwia. requirad by law. the
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09~424;~
Lo.p No: 781001368
MORTGAGE
(Continued I
Page 5Q00683
iIIegaIitv. invalidity. DI unenforCNbility o' any prDviIiDn o' Øù Mortu-s¡e .IYII not atlect Ihe Iegü¡y. validity Dr enlDrCNbility o' ...y DÙIer
provlaiDn o. Øù ~.
....gar. T...... ahaII be no "- of Ihe lnDoreat or ..... r;teatN lIy Ihia MDngage wiII\ any other inter.at Dr ....I. in the Property at .ny
- ~ by DI lor 1ha ......Iit of I.andar In any capaçíty. wilhllut Ihe wriaan c:onunl o. Landar.
s-. - AaaIgaa. &..bjeca 11> any limilaliona - In IhIa IoiIøn¡¡aga on ..._Iet o. Gr_'. inter"I, Ihia Mongage aNI be binding
upon and 1RUr. ID the *"-'iI o. Ihe ¡N It.iaa. !hair ...,.,.....,. and aeaogna. If o_atIip of the f'ropeny becomaa ....Ied in . PlU'5DII other
man GrllRlDr. Landar. ~ nolÎC;a ID GrIlllDt. ....y cfaa wiVI Gr..--·. ._. with r.let__ 10 Uúa MortgAge and tha lndaItIednu.
by way o' IDrbaaranca or extanaion wilhDUt r~ Grantor frOlllIhe DIIIi¡¡atíona 01 Uúa Mong~ Dr IiaItiIìty undor the Indab18dneu,
n... ia .f ilia e.-.. Tima ia of the _ In Ihe parfor__ of 1hia ~.
w..... of ............. baaopaiaa. Grantor herally r....... and wai_ .u ri ¡hCa and benaIita 8' 1ha ~8O ._liDn ¡ows of the SUte
o' Wyornin¡ .. 10 all IndeInacIrwø """80 &ly Ihia ~ '
DEl'lNITIOIIS. Tho following capiIaIíud wDrda and tar.... aW have the lIIIIowing maaning. when ...d in Ihia Mortg.g., UnIeaa .pecir,""y
.leled 10 Ihe contr...y. all re...._ 10 dollar - &hell ........ _ In ¡,wJuI money 01 Ihe Unitad Stale. 01 Americ.. Words and laflns
UNd in the &ingWar &hall include tho plural. and the plural aW include tho singular. .. the con~ m.y raquire, Words and term¡ ROI otherwise
dafined in &his Mortgagl aNI ha... tho maaninga anribuIad 10 .uch __ in tho Uniform Co.....-ciaI Coda:
...........,. Tho word ·Borrower· maana MATTHEW DAVID FRERICKS and IŒRRI ... IŒI.LER-FRERlCKS and includa. .U co.signers .nd
c:o-mac.rs signing the Nola and all 1heir aucCUSOD and uaigna.
DafaIofr. Tho word ·Default· __ Ihe Def.uk _ fDnh in IiIÎI Mottgaga in the MC1ion -.. "Def.uIt".
Ea""- Law.. Tho WOlds "EnvirIlRlnllllal L.aw.· ....... any and all &1a1e. fadatal and local .taWles. regulllli..... and ordinance.
......Iing to ilia "",taction o. human huiIh DI Ú1I ...~ including wÍlllDUllimitation 1he ComprlhenaiVII EnvirolVl'lllUal Raap0t\S8.
COI1lpellUÛllr\. and LiaIIüAy Act o. 1980. .. anwndad, 42 U.S.C. Seclion 9801. It Mq. C"CER~I. tha Superfund Amend_ .nd
ReauIharizaâon Act of 1996. Pub. L. No. 99-499 'SARA' ,1he Huatdaue Materials Tranaponatúm Act. 49 U.S.C. Section IS01. It saq..
Ú1I Reaourca CO.....atian and Recovwy Ac1. 42 U.Ii.C. Sec1iDn &901. .t oeq.. DI olhar a¡>pIi¡¡abIe _te 01 ltider.. I.wa. r..... or
regulaliDns adaptad pur_AI Ú1IIelO.
E_ 8' Dat.uII. Tho worda "e._ of Delault" .....n any 01 tha ._ 01 dafault ... lorth in 1hia Martu_ in tha ..e/11l 01 Iie'_
aaction 01 Uúa MoItgage.
ø-. Tho w.... ·Grantor· __ MATTHEW DAVID FREJIICICS and KERft ... KEU..Eil-RŒRJcICS.
Guaraaty. Tha wDld ·Guaranty· maana Ihe guar...ty from lI.....ancor, andoraar. .....~y. 01 accommodalian party to lender. including
without Iimita1ian . guaranty of all 01 pan of ilia Note.
..........~. Tho warda "Hazardoua S.-....,..· ....... materials that. baca.... 01 their quantity. c~.tiDn or phy.ical.
chamicaJ Dr infac:ûaua charac:l8riIIIica. ....y ....... or _ . pr_1 fK palanlial llazard to human heatth or tha ""vùaomant when
impraparty UNd. 1r..... alDrad. diapoead 01. \I8II«AIad. manul8c:turad. Uanapanad 01 cnherwiaa handled. Tho words "Hazardous
S&Jbstancaa" .r. used in 1tteir -y ~ - .... inclucla wilhaut limitation any and all haurdous or Io><ic .ullatanc.... materials or
Wuto u dalined &ly or lialed undor ÙII Environmental L.a_. Tho I8rm "Hazardous SuIIatanc.." also ioclud... wiVloUlIimitaIlan. pe1rolaum
and petrolaum lIy-products Dr any fraction lharaol and ubutaa.
Impr_. Tho wonI .ImproV8lJW1ta. ........ all ....\in¡¡ and ,_ impravemanta. buildings. ....uctur... mcbiIo home. .lIixod an tha
Raal Property. facililiu. additiana. re¡¡lac-..Ie and other conatrucliDn on tho fleal Propeny.
.........-. Tho wDld ·Indabtadntta· ......... all principal. intar.... .nd Dlher arnounta. COSIo and _nu. p.yeble undar tho Nota or
RaJatad Doc_II. Io a1hot wÎÚI 8M renewa" of. .X18neiana 01. modificllliona 01. conaolidatiana 01 end .ubaI ~ lor ilia Nota or
Related Dacumama and any amaunla upended or .dvancad by lander to diachatge Gr_·. abIi¡¡.ticna or 8J< >(On&ea iocurred by Lender to
...Iorca Glantor'$ Q ¡ j¡¡atiana under Øù Mon¡¡a¡¡e. to{ lthar with intaraal an such """""'" .. prOVIded in lhis Mortgag..
u.... Tha w.... "~. me... lat Bank. ita ~. and uaigna.
~. Tho word "Man¡¡a e. _1hia Wori¡¡-s¡e _un Gc_ and~.
lIota. Tho word "Nate· ........ the prom uary RIlla daled 0ctaÞer 31. 2006. In die original principal amount of $60.936.&0
fram Grantor to Lande<. IDgeIher "'ÎÚI all reoe...aUo of. ~ 01. modifìcaliDna 01. retinancin¡¡a 01. conaalidiltIDna aI, end aub,nituùonl
lor tha promiuory nail or a¡¡r-. The ma&urity data of thia ~ ia Novllmbof 1. 2007.
ParaoAlll f'r8perty. Tho words ·...r....... PrD llrty· moan all aquipmant. fixtur... and OÚ1lf anicJes of perl""'" prapeny now or har..her
awned by GcllRlDr. and now or her_liar attached or .ffiIrad tI¡I Ú1I Real PrIi IIrty; IDgeÚ1lf with all lCC8Saion., parta. and additions 10. all
re¡¡lac_ of. and all aub.tituûana for. any of ouch praparly¡ and together with all "'DC..... 'inctwin¡¡ wÍIhOullimit.1IDn iIU inauranc.
pracartda and relunda 01 pramiumalfrom any aaIa or other dispoajtian of tha Property,
Prapanw. Tho word 'Property" meana coM.ctively Ihe Real Property and Ihe P..._ PrD¡IIIrIy.
RaalI'roparty. The worela ·ReaI Praparty· _... ÙII raal prO llrty. in....asta and righu, .. furthar daacrilled in thia Mortgage.
RaIatad o.a..u-, Tho warda 'iIaIatad Dacumanta· ......... all PfDI11iaaory _. credit .gr_. Ioana¡¡r.e......... .nvirarvnantal
agr_. ""...... aacuritv .__. ~, daada of "'11&1, aecurity darIda. coüatltaj mortgages, and all OÚ1ll insuurnanta.
a¡¡r_ and ~. wholhar now 01 har..1Iar axialin¡¡. _ in connection with Ihe Indoblednasa.
Ra..... Tho WDld ·Ranta" -..... ell pr...... end fuwra r_. ravanuu. income. --.. royaltie.. profita. end olhar bene.its derived from
Ihe Property.
EACH GJIAIfTOfI ACIQIOWLmGES HAVIIIG READ AU. THE PROVlSlOlllS Of THIS MORTGAGE. AND EACH GRAIITOR AGREES TO ITS
TaWS.
OMIITOR:
~~~
x ~~4.~Jw.¡'c4-
1ŒRR114. Ii
:m~~illif~~
~
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._-_.:....'..,..1'-,'.,
ü~~424;~
1.0IIII No: 781001368
MORTGAGE
(Continued)
000684
Page 6
INDIVIDUAl ACKNOWLEDGMfNT-"~i:i"=?a.2~;:ç~ -
, ill.ll (::', :3:~~;;it\ Lru~,R2' ITW~ScS
STATEOF~ I '." kiG..L": ¡': 2855Ea~1330ùSoulh
~X \~";' ~~"j;{I!~~.' Salllak~ City, UT 84109-2830
(,...J.~ .AJ/,.,-... I" i~) ~<.~.,.;;':,:>. MyColl....SÖ'~nhp",~S4-15_2Ù10
COUIITYOf~ I tl) ---.-... SI_'c"llJ.,>h
'~~¿¥?..;:c.e¿::~~;¡
On IhiII day blitofe ..... .... ~ ....WV PuIIIic:. ..-..!Iv lI IUred MATTHEW DAVID FlWUCKS and JtERR 101. ml.ER~S. to
.... known ID bIi lite ÎI1ØIviduIII5 oIacribIid in and .... -- lite ~. and 1ICkno""*lged !Nt ....y aig...d !he loIørtgage .. !heir If.. and
voI4Irawy - and deed. for .... - and ......- 'menaionood. ~r;f f7I '"
.... ...... .... ..... ...a ..... da, ef __ _ . 2D.JSt!fL-.
fIMIcIIn¡ at '4
My -- . -.... ....... L/ / Ie;; I f c)
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...-...........-,....... ...._......-.........._ .................. .... ..u
V' ....Ie,.._ __
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