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RECORDATION REQUESTED BY:
1st B.nIe
Alpin.
100 Greyo RIve. Rd.
P.O. Box 3110
AIpIno, Wy 83128
WHEN RECORDED MAIL TO:
1.t BIII1k
Alpine
100 Greys River Rd.
P.O, Box 3110
Alpin., wY 831Z8
RECEIVED 12/19/2006 at 1 :50 PM
RECEIVING # 925451
BOOK: 644 PAGE: 13
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
SEND TAX NOTICES TO:
1at Bonk
Alpine
100 G..y. Rivn Rd,
P ,0. Box 3110
Alain.. 'Ny 83138
SPACE ABOVE THIS UNE IS FOR RECORDER'S USI! ONLY
MORTGAGE
THIS MOIUGAGE datød 1I!0vember 10, 2006, is made and exeçmed b~tween ALPINE DEVELOPMENT GROUP,
LLC, whose address is 1'4 HIGHWAY 89. ALPINE, WY 83128 (reforrød 10 below liS "Grontor" lInd 1st Bank,
whose address is 100 Greys RJver Rd.. P.O. Box 3110. Alpine. WY 83128 Irefetted to below liS 'L~ndør'I,
GRANT OF MORTGAGE. For volUÐble CClnsldaratlan, GranlJ1r mortgll9" and conveys to Londor all of Grontor's righl,lIlIa, and Inwren In ....d to
1ho following ooscribed rOJI property. togeUler wiUl all existing 01 subsequendy ..ec1sd ar .,ttl.ed build"mga. irnproveme~ snd ftXtur..: all
..sements, rightll of wsy, end oppurtoROROea; .11 ",.ter. water right.. v¡aœrcou",es IInd ditch rights [Including Slock In utilitl.. with ditch or
itrigation rlohIS); ""d all other rlgms. royaftiee, and prolitB rolatiRq to the real prop.rty, Inoludlng without hmlt.tlon all minerals, oi~ 0....
geoUlermlllllnd similsr motl8ts, (the "Real Property"'locat.d In LINCOLN County. State of Wyoming:
Sse EXHIBIT A, which Ie attaohed to this Mortgage and made a part of this Mortgage liB if fuUy set forth herein.
Thill Real Property or its address Is oommonly known as 114 HIGHWAY 89, ALPINE, WY 83128,
CIIOSS-COLLATERAUZATION. In addition 10 tha Noto. this Mortgage ssoures aD obligations. debts and Ilabllitios. plw 'nteAut 1hereon. 01
Grantor 10 lander, or any one or more 01 them. 15 well es 1111 clllirm by Lend.. agllimt Gramor or anyone or mora 01 them, whethor now
existing or hereoftG)r arising. whether relolad Or unrelated to the purpo.. 01 th. Note, whethtor voluntary or <1Ihorwla.. ",ho1her due or not duo,
direot or Illdireat, determinod ar ulldetennined. IIbsolute or contingent. liquldatod ar unOquidlltcd. whether Grantor mey be lillbl. indivlduslly or
Jointly wUh othe..... whether obligllted .s guarantor, surety, sooomrnodlltion party or othervllse. end whether reoovery upon such smount3 may
be or hereafter may become barred by any stoWIS of Imlteliona, and whether the obligation to rep.y such amounts mey be 01 horeartar mey
beoome oUlerwise unenforceable.
Grantor pro.ently o.olg"" to Lender .11 of Grantor'. right, tl1le, and imereS1 in ond to ai' pre""nt slld ;,rture le.s"" of the Property .1Id all R.nts
lrom the i'ropelty, In addition, Grantor gronts to Lendar 0 Uniform Commercial Code I9Curlly Int""'1 in !he Personol Property 0"" Rents.
THIS MORTGAGE. INCWDlNG THE ASSIGNMENT OF RENTS AND THE SECURITY INTERIiST IN THE RENTS AND PERSONAL PIIOPERTY. IS
GIVEN TO Sa:URE IAI I'ÁYM¡;"rr OJ' 'I'H¡; IIIIDEBTEDI\I¡;SS AIIID (BI I'ERJ'ORMANœ OJ' ANY AND All OBLIGATIONS UNDEFI THI! NOTE.
THE RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE [S GIVEN AND ACCEPTED ON THE fOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except os otharwis8 provldsd in this Mortg.ge, Grantor .~ell pay 10 '--Ader aa &moum. securlKJ by this
MorlgOge ss thloy become due ond .hall strictly perfo/m all 01 Grontor'. obtigotions undor Ulis Mortgage.
POSSESSION AND MAINTENANCI!. 01' TM!! PROPERTY. Grantor agraos that Orsntor's poss_lon and use 0; Ule Property shell b. govemed by
Ule following provisions:
Possession and Use. Until the ooourrence of an Event of Oolaull, Grantor may 111 remain In possession end Gomrol of 1he Proporty; (21
use. operate or manayo the PropO'lY' and 13) colloct tl10 RanIS Irom Ula Property.
Duty to Maintain, Or.mor oh.1I maíntaln tI,e Proporty in tenantable condition and prornp\!y perlolm 011 repairs. replacements. snd
meln"'"",no. _lory to Pfeurve its vIII....
Compllollco With Envlronmenbll Lsw.. Grantor rep..l9ntll .nd warrl1l1tS to Lender thllt: m Durlng the Period of Glontor's ownership 01
the Property, thsro h.. b,en 110 use. gamrøtlon. menufacwre, storsge. treatment, dlt;pO$aI. rel""se ar threatoned release 01 any H..ardous
SubGtonoo by any peraon on, under, about or from the Property; (21 Grantor hoe no knowledge of. or re"on to b.no". Ulat there has
beon, axcept a. pre'¡lowly di.oIooed to Q \d oeknowledged by Lend.. In writing, t.) any b..ach or violation of any Environmental La...,
(b) ""I' uae, ganaretlon, msnulacture. storago. tJeatmerrt. dlopoSAI, ralanse or threatoned r.lease 01 any Hazan aus SubsUlnco on, under,
ebout or from the Property by Dnl' pliol o.......ers or oocupams 01 the Property. or (oJ ""V aCIUD! or duestenad IhlglJllon or ololma of ony
kind by any person lelating to such mlltters; and 131 Exoept Da previously dlsclosod to end acknowledged by L.nd8J In writing. (8) neither
Grantor nor any tenant. controctot. ogent or othor authorized user 011hll Property .høJl _. genelato. tt1l1nul'oelUre, S1ore. treat, dispose of
or rolaaos ony Hazardous Substanoe on. under, about 01' frOm lbe Proporty; snd ~b any suoh aotivity ,haD ba collductad In compliance
yliti, .11 eppJiGable lederal. stato. .nd loeollows, reguløtlona and ordinaooes, inoluding without Umftøtion all environmental Law.. Grontor
euthorizea L.éndar and Its ogems to enter upon the Property t!:I mlka auah inspootions and t.sts, a1 Grantor'. expOflse. .. L.l\dar m.y d..m
appropriaœ to diner mine oompllonlnl of th8 Ploperty with thill section of the !I1ort9¥gooI. Any inspections or 1eS1$ made by Lel'Kl8r sholl be
fur L.nder'a purposes only and shsn not ba oon.trued to or..to elly r"pO,\Siblity or liability on Ule IJðrt af lender to Grantor or to any other
porIon, The repruontetions .nd 'Nerranlies cDlltoincd herein are based on Gramor'. due dU!GencG ~t Investigating the PIOPStly for
H~zardovs Sub.tanc.s. Grontor hereby (1) releases alld waives any fulUle claims against Lender for Indemnity 01 oonUibution In tha
o\lllnt Grsntor becomes noble lor cleanup or othar costs under MY luch lawe; and 12' .g.... to indemnify. delelld, end hold ha""teo.
Lander against ony and 1111 claims, losaes. liebllties. d.meges, pen.hI... oi'ld e.penl" which Lender may dlreotly or Indlreotly sustain or
suflor resulting from a broach 01 thil; .eation of the Mortgaga or ea 0 cDllaequenoe 01 any use. gel18rall"", menufactura, 8IorllOe. dispose I.
relee.e Dr Ulreatened rol,... oonurrirlg pllor 10 O"nlOr's ownership or imorast In tho Property, whether or not the same 1'1" OJ should
have beon kIIown to Grantor. The provisions 01 this ssotlon of the Morlgage, incfudi'g Ule obligBtion to indemnlf, iI!I'od dafond, shell .urvlve
the payment 01 the Indebted".ss and the ~atiero~tlon and reconveyance of the Uen 01 1hll Mortgage 0"" shall not be alfected by L,nóer's
.cqui.itIon of ony !nturast In the Property, wheUler by loreoloour. or othar"';,.,
NuI.oncc. Waste. GrantDT shall not ÐI!IIU8e', oondlJO't Ot p8tmit any nuiaanoo nDr commit permit, or 8uff., anv Itripplng of or wat. on or to
the Property or any portion Df the Ploporlv. Without limiting Ule genenlroty of tile joregoin", GronlOr will not remove, or grant tt¡ ""V oUlar
pariy the right 10 remow. any timbar. mfr1..oI. linoludlng o~ .1Id gu), 0001, cloy, sCOlla, soil, gravel or rool¡ produota wllhout Lender's prior
writœn conll4lm.
Removel of Impnry.monto. Grontor shsa t10t demolish or remove any Improyarnents from the Reel Property without Londer's prior writtan
oonsent, As II condition to Ule removal of ""V Improvements, Londor may require O,antor 10 ",oke arr'Rgements slltislaC1ary to Lendsr to
replllce s'ICh ImlHo""manta with Improvements of at least equal ""Iue.
Londor'. Right to I!nlDr. Londor and Lander's ogenl1l and roprne"tativas may enter upon the Real Property ot 011 reosonable tlmos to attend
to Lender's interest. end to In.peot ~. Real Property 101 purposes 01 Gremor'. oompllonoe with Ule terma end condition. of thl. !lAortgÐg9.
Cornplfsnoe with Goy_mClltol ROqulromants. Gramor shell promPtly oomply with 011 (aws. ordinances. and rogel.tions, now Or he.....hoc
In effect. oj ell goverrrnem.1 allthoriti.. .ppUoable to tho uae or ocC\J )Bncy ot Ule Property, Inoludillg without limitation, the Amerioans
With Dillabftlli80 AoL Grantor may comeS1 in good f.ith any 01.l<;h law. ordInORCo, or rogulstloo and withhold oompli.noe during ÐI'IY
proceeding. including .pproprie1;, .ppeilla, aD long os Grontor h88 natmed Lender in writing prior to dol "" ao end so long liS, in Lender'a
.01. opinion, Lender's IntClcstS in the Property are not ¡eopardl:!ed. Londer may require Grontor to post oduquata seourity or . 5urety bond.
loan No: 761001403
MORTGAGE
(Continued)
~J.),UUU..L"·'¡;
U~i&::~q~:.&;.
PIIg82
reuonably ..,UofaclO'Y to Lender. to pro.....t Loonder's Interest,
Dut,10 PlotlCt. Grantor agrae. neither to abandon or Ioove unattllnded too Proparly. Grantor sh811 do eU othar act. In eddltlon to those
IICI8 aDt lorth lbove In this section" which from the character and lAOa of the I'Ioperty aro rODllonÐbIy nllO.sa'Y to proiect and pr'lllervl the
Property.
TAXES AND UENS, The following provÏ8ions relating tð tilO toxes end liens on the Proporty are part of this Mortg/ll)e:
Pay"'"nl. Gramor .haD pay when duo (Ind In an events priot 10 deUnquenoy) alltaxe.. poyroll 10.... lpeclal taxe., assessn_la. w.ter
charge. and aewer lervloe chargoslc\liad o~aln.t or on aGCoL.t1t of the Property, and sha. pay when due 011 oloims for work dona on or 101
aervk:es rendered or m8l8tiel lurnishld to the Proporty. Orantor sha' maintain ¡he Propany fJ.. of any liens hailing priority O'IQr or aqual to
tha Inlares~ of Loonder under thil Mortgage, except for the Existing Ind.btedneSll referred to In thia Mortgagtl or those Itens speclficolly
agreed 10 In wnllng by lender. and except lor thl H.n 01 ta_ end ......m¡¡nls I'1<)t dn as ful1i1er specified in tile Right 10 Contest
par8lllOph.
Right to Contest. Gramor mDY wllhhold p8yment of any tax, _IIIUMII!, or claim In connoc1lon with 0 good f81th dispUte over the
obrogation to pay. ao long aa lender's intoro.t In ¡t,ø Property fa not jeoperdlzod, II 0 lien Irhies or '" filed as a r.sult 01 nonpayment.
Grill1tor shall wlU1in flttoell (16) days liter the lien srlSDe or, il a lion i. flIsd. within fifœen (15) days oller Grlrrtor hes notice of the filing
securo the diachorge of Ihe roen. or 11 roqueatod by Linder, deposit with Lender cash Or 0 .uiAclen1 corporllte surety bond Or ot/l", seclJri~
..tieiootory to Lender ÏII on ,,",ount ,vfflolent to discharge tho lion pi... Iny costs Ind ressonable attJ]moys' reoo, or other ohlrges thot
could OCOrva aa I r..ult of a foreclOsuro or 1010 ur\d... thft Hen, In eny contest, G.antor shall daft¡nd l\$eIf .nd ~.nder and shall ..1Isfy any
edverse judgmll1t before enforelmlnt againl't the Ploperty. Grootðr shell ""ma !.ender as an additional obligee undor Dny ."",ty bond
fll'nlahed in Ihe oontest proceedings.
Evldenco of POYINnt. Grentor Ihell upon demand furnish 10 Londor CiI1i,fooctory evldenoe oi payment of tho taxes or ......IMn,. Hnd "".1
authellze the spproprlate governm.ntal official to deliver to lendes at any time a l.rl1\on stellmen! of the taxes and assessments against
the Property.
Nlllloe of Constnlctlon. Grantor sholl notlly Lender at Ie...1 fifteen It 5) deys before eny work Js commenccd. any s"""ca. 01'0 furnished, or
any met"I,ls Ire supplied to the Property. If any mechanic's lion, matlorI81m.n', lien. Of other lien could be asserted on account of thll
work, scrvices, or molerioie. Gremo' wil upon request of Lender furri.!h to londor advance OSSlIIa'lcea salislaclory 10 Lend. thet O,.nto'
oen and will pay the cost of such Improvements,
PROPERTY DAM.I\GE ~SURANCE. The following provisions rclalíllg 10 Insuring Iho Proptlrty .re . p.rt of Ihis Mortgage:
MIrint......a. 01 In......n... Grantor shail procure and maintain policies of fire In.uronce 'With ctandarsl ...hllnded ao.",.ge endortom.nts 011
a replacement basIs for the full Insutoble value covering .Ulmprovementa on the Resl Property In en emount sufficient to avoid appficatioll
of any oolnlu'MC8 olause, end wllh a stBnderd mOr1gegcc clauso in favor 01 lender. GrOntO. Ih.1I ..0 procure Ind maint.in
comprehensive gcnorlll noblllly Insurance in suçh coverage .mo\,!lIts OS Lender may request with Lender being named as additlonallnstJrads
In swh "bnlly i....lllance poroci~, Addiliona'y, Orentor shell maintol.. such olhe, Insurance. Inoludlnq but nOI limited to hUZ8rd, bu"ne~.
Intcrruption and bonar Insurance" L.nder ",.y require. Pallele. shaR be wrinen by such Insurance compsIII.. and III such form II may be
ulMonably acceptable to Lender. Grantnr shaJl deliver to Lander cettiflcQLla of 00".ra98 from each InAu..ar containing a atipulÐtlon thClt
Ooverage wi. not be osncelied Or diminished without a mInimum of thirty 1301 dsys' prior written no1lce to Lender and no1 conteinlng any
disci sImer of tho Insuret's ßobillly for lollure to give avoh notice. Eaoh 1......"'041 polley allO lhelllnolud40 an endo"",,",,nt providing Ihot
ooverege in 'avor of lender will not be impaired in any way by any IICI.. omlcaion or default of Grantor Or any othor person. Should the Roal
Property be located In en eree deslgn.ted by the Dlreotor of d.,. Federal F.mergency lI'Ianagement Agency 08 , $PtOlaJ flood hOJ<ard araa,
Grantor agreoa to obtain and maintain r",darol Flood Insurance, If avalloble. lor Ihe full unpeitJ principal balenca 0' tho loan end any prior
liens on tho prapeny securing Ihe loan. up to the maximum polcy limits set unde, the NatIonal Flood Ine"III1" I'rog.am, or as otharwlse
reqLÌrI!d by LellCl$f, and tø m;lintain suoh Insuronue lor tho terM 01 tile loon.
Applicalion of Proceeds. Grantor ahal promplly notify lender of any loss or damage 1J the Property if the eltimetl(! ~t of tepair or
repllCem~lIIt exceeds $1,000,00. Lender mey mike proof of Ion if G,antor f.h 10 do ,a ,,¡ithill lifl.....n It 51 doy. of Ihe clSuelty. Whether
or not lender's ..çurlty Is Impoinld, lender me,. allende,'. oI801Ion, ,ecei.o end roteln the proceeds of any Insurano. end .opl, tho
proceeds to the reduction of the Indebtedness, plyment of any lien affecting tho Property. or the rl!lltorotion ond repoir of tho Proporty. If
L.nder eloo18 to opply the prooled. to restoration and repair, Oronoor sholl rOP'llr or ,oplaco the damaged or destroyed Improv8l11ent, In e
mannC! l8t18factory to Lender. Lender ahan, upon ..tlsieC1ory proof of such expenditure, p.y or rølmbutK8 Grantor from tho proceeds for
the re..onlble çoat of repel' or reiwatlon if Orenlar is not in default unoor ,ia MOr1g/ll)c. Any proceeds whloh have not been ditlbunoed
wilhin 160 days eltct Iheir r )Colpt and which Lender 1_ not commltled to the repair or reSlOretlon .f tho Proporty sholl be used first to pay
any amoum owing to Lender under this Mortg.g., Ihen to pay .eor...d Interosl. and tho remalndor, If any, sholl be applied 10 the prlnclpul
belaool of Ihe IlICI~tdnes., If landel holda any proccods øf1C! payment In fuD of the IndebœdnllSs. suoh prooaeds ohall be p;Iid to Grantor
a& Grantor's Im9rosts may appeer,
CompDonce with exIsting Indebtedness. During the period in which any Existing Indobtedneas descrlbelf belOw Is In effect. compllllnca with
the inouranoo pravleio"" wn1elned in the Inouulnont evidencing auch E>dsting Indebtedn.., ,hall oolllltituto compliance with the insuron""
ptovlsione undQl this Mortgage, to Ihe extem DOmpJi.nne with the terms of this Mort¡;)age MJuld oonatitute a duplication of Insurance
requirement, If any proceed. Irom Ihe Insurance bacoma payable on loss, the provieion. in this MortQoge for dlvisloll of proo..d8 $hall
""ply only to that portion 01 the proceeds not peysble to the hoidar of Iha Exlating Indelrtedness,
Grontor'. Report on lneuranoe. Upon reque.t of lender, hoWCYDr not mors than once a y..r, Grantor sholl lutllish to Lender a report on
ellOh e>mlting policy of insurance Ihowing: (1) the name of the lneurer; (21 Ihe risks Insured; (3) the amoun~ of thl policy; (4) the
property Insured. the men current repleoement valUII of such property, and ¡he manner of detl/l'nining thot value; and (ð) the oxplr.60n
date of the policy. Grontor .haR, upon request of lemler. h~ve M1 indlptlndênl apprDlaor saUsfllOtory 10 Lellder dete,mine tho cash value
..p/iIC,menl cost 01 tho Property.
LENDER'S EXPENDITURES. If any action or proceeding Is commenced that would materially aff.ot lendar'Q ¡nwestln the Ploperty or if Grantor
folia to comply with any provieion of thll Mortgago or any Releted Dooumenw. Including but not limited to Grantor'. failurQ to comply with a~y
oblgatlon to malllt_n Existing Indobtednesa in good standing .s requirod below, or to òilcher!Je or pay whon due any amounts Grantor IS
rlquÌ'ad to diachsrgll or pay under this Mort!JDg8 or any Related Documents, Lender on G'sntor's behalf may lbut shall nol be obligatad toJ uke
any action thet Lender d'I"'" approprlor.e, including but not limited 10 d1soherglng or poyrng all texes, lien., aeourlty intoleCls, encumbrance.
and othor elolml. at eny time Iellled or plac.d on the ProperlY ond peylng aU coSIS for Insurlllg, mulnlÐining and preserving the 1'T0perty. All
such expenditlJree Incurred Or paid by Lenoor for such purposes will then b"r Interest at the rato charved unlfer the !'Iota from tho date Incurred
or paid by l""dor to the date of repeyment by Grentor. All .~ch ""pons,," will become I part..f ih. Indobted'l"'" and. et Lender's option, wil!
!A) be payeble on demp: [el be edded to the balance of the Note and be IPpor~onod 0'110110 and be payabl. with any In.toAmont peyments
10 beuom. due during aithor (1) tho term of any appllu.ble lnoumnce policy: or (21 the remlÙning t01m 0' 1ha Noto: or (el be tromd .. 0
balloon payment which will be due and payabla at the Note's meturlty. 1'he Mortgege olso will socure payment of Ih..e amoums. Such right
eh~1 be in eddition to el Dlher righte and remedl" 10 whi.h Landot may b. entitled upon ¡;¡oftlu!t.
WARRANTY; DEFENSE OF TITLE.. lñ. followIng plovlslons relllllng to OWl\er$hip of the PtopQrty ere a part cf this Mortgage;
Title. Grantor werr~ntG that: (01 Grantor holds good end IIIIIIketable tllle of record to the Property In ,.. simple, Ir.o and clear of all lien.
end .ncumbrances other than thoae .et forth In tho 11801 Proporty dllScriptÎOn or in the Exìa'ling Indebtedness .ectlon below or in any 'Itla
lnaur.nce poRoy, Ihle report, or Dnol titlo opinion issuld Ir1 fayor 01. end .ooaptod' by, lender In oOlln,otion willi II1ls Mortgage. end {b)
Grentor heo tho full righi, power, and authority to executa ond deliver this Mortgage to Lender.
Da/CIIIO of TItle. SUbjeot to the exo.plion in tho peragteph ebove. Grantor warrants and will foraver defend the'11t1e to tha PfOpQtty against
the laY.1ul oIeima of .. plreons. In Ihe event any action or Pfooeedlng is oommDnced that questions Grentur'. \ille or tho Interest o~ Lel1der
under thla Mortgage, Grantor sh.U defend 1he aotion al GtDntor's expense. Grlntor m.y b. the nominal party In such prooeedlt1g, but
lll1der shell be entitt.d to portioipata In the proceeding and to be repr...ntod In too proceeding by counael of lander's own choice. Ind
O,"ntOt will dollver, or cause to be delivered, to Lend ( such In.t,umerr.s el Lender may raqueCl from Jim. to time 10 ptor....it SlICh
pertlcipatJon.
CompOln.. WIth laws. Grontor warrants that the Property ,nd Grenlor'. we of the Property complies with all axlsting applcsbla laws,
otdlnonces, end reguletions of governmenUI aulhorities.
Survlvel of Repr..enb60n. end WDrrontlo.. All representatÎoos, ...rranties. ond agreements mllde by Gramor in this MOrrgago shell
survive tho execution and delivery of ,hla Mortgage. sholl bÐ cominulng in nature, end sh,1I remaill in lull 'OrCo and offect until such tr....e ,.
Grantor'l Indebtedn... sholl bø paid in full,
I'H)V - ."\V-~UVO U.I.f:..)O t"j'l
(" .J.r°!:il. l'U~.1Ullfll nr.II'K.
~V/D.J""iJDGJ
loan No: 761001403
MORTGAGE
¡Continued}
¡no00150S~S451
.,'~, V Page 3
EXISTING INDEBTEDrtl;SS. The lollowilg plDVisiona concerning Exblting Indebtedness ere e pari 01 tl~9 MO'!gOQa:
ExIsting Lion, Tha lian of thie MOI1gflge lecuñrlg the IndabtGd"... I11IY be eec:ondary and In1000r to an sxistlng lIan. Qralltor ..pressly
oo\'enln" and agrees to pðy, or ssa to tho poymem 01. the ExISllng Indebt!!dooa& and bJ p<C!"1IfTt eny delault on such IndcbtDdnl)Ss, any
dolault und... tho Inlllrumen" evldenolnll such .1debtedna". Or any d.r.u~ under eny aecu,1ty documents for auol\ ind.btedne".
No ,ModlflcGlion. Granto, .h.iI not enter ¡mo ~ny agreemont witl\ tho holder of any mortgage, deed ottIust. or ethsr sscurlty og",oment
\'thich h.. prIOrity ever this Mortgaga by whll!h thot agr""mefTt Is modified. amended. sxtolndsd. or r""swed wi1hout the prier written
consont 01 Løndsl. Grantor shall neither request nor accept any futulll adv.noee ~<;Ier any such security agroomont wilhout ths p,ior
wrilten consent of Lendor,
CONDEMNATION. Tha followif1!J provisions relating to condemnation p",,,,,oc;tq,gl are s Part of thll Mortgage:
Proceedinga. If any proceeding in condemnltlon Is filed. (3,antor shall promptly notify Lender In writing. and Grantor shsll promptly take
IUCl\ Iteps as may bo noc,,"Dry to delend Ihl' sotlon an~ obtain the award, Grantor may bel 1111 nomlnDI pDrty in .uoh 13Tooaeding. but
Lende, shall bs sntllltld to pertlclplle In the procelXllng and to bo rspRlunted In 1ha proceedIng by counsel of ita own choice. and Grantor
will deliver or CaulO to bl ckllv8t'.d to lend.r suoh I",t",ments end documonhltion as may bs requastad by LeMar from tlml to tlm. to
permit .uoh partiolpetlon.
Application 01 Net P'oo...... If.1I or any port of the Property is condemned by eminent domeln procaDdlnga or by Iny p,oceadlng Or
!>Vrohne In lieu of condemnation, LcndQr mDY Dt Its elaction roqul", that .11 or any portion of the net proceeds of the awsrd be ap",!I'd 1D
the Indebted"".. 0' tho ropak or reltoration of ths Property. The net procODds 01 tl1<l award shall meOl1 Iho awerd afllrr payment of all
",..onable costs, ex pons... end Dttorooys' rees inourred by Lender In oonneation with 1he oondemrmlon.
IMPQ$ITION OF TAXIõS. fEES AND CHARGES BY GOVERNMENTAl AUTHORITIES. The folowlng provisions relating to gov.:mmentel taxes,
f... and oha'go. er. . part of this Morl\logs:
CU"'8,II Textt, ,,*a. end Ch.,go.. Upon requelt by Lender. Orentor ahall exocute luch documents in addition to this Mortgagl and tlke
whatever other action Is requested by lander 10 pSlrsot and conti""llender'. lien on the Re,1 Property, Grantor shill reimburSI Lender for
all laxe.. ... desorlbed below, togelhsr w~h aD expenses Incurred In recording, perfecting or continuing this Mortgage. including without
Imitation aJI1OJ<es, teGS, documentary stamps, and othor nh;org... f,,, rsoording or ,sgietering th.. Mortgage.
Taxes. The lollowlng shell constituto toxos I" \'Ihleh this soction applies: (11 a spooiflo 10. upon this type or Mortgage øt upon ,"lor Iny
part 01 thl' Indebtedness seoll"ed by tlis Mortgage; 121 e apeclflC t~x on Grlllltor whfch Grantor is authorized Dr reqLired to deduct 110m
payments on lhe Indoblodll88e s8eurod by thle ty"" 01 Mortgou.; fS) .t... on tlia type of MOrlOago oharg80bl8 uqninat the Lends, or tho
holder of the Note; snd 14) 8, speoilla tax on .n Of any portion of the Indsbtedness Dr on poY'"ents of prinoipa' and interest made by
Grlntor, ,
SlIbseq¡rent Texel. If eny tax to which this section appnes Is ensD'ted subsequent to tl\e dste of this Mortgage, thil oyent .h.. have the
loma effact 88 an Event of o.fòult, end Lend... lIIay e""rcloo ony or all of ita avaj]Able rOOl!!dles for an Evcnt 01 Default as provided below
unleea Grantor el1l1er 11/ pays'the tax betolS it bsoomes delinquent. or (2) oonlaotl the ta. "" provided abÐv8 ill thG TaxDI and liens
section and deposlls with Lender cash or e sumeleJ\t corporato suretv bond or other security satisfscmry to Lender.
SECURITY AGREEMENT: FINANCING STATEMENTS. The following prcviaions r~latlng 10 this Martglge as I security agreement are I part 01
this MOI!gogs: :
Socurlty Agreement. This ~suument shall oonstitute a Security AgrHmlnt to the axtant any of the Property conwtulaS 1lxtures, end
I.8nder shall have ~n ot the rights of a 61/Oured party under the Uniform Commorclal Code es amend ad trom time to time,
Security IntSlest. Upon ",que.t by Landsr, GI'8I11o, ohsll take whotlWlII' aC1fon Is requested by Lender 10 perfeot and oonlÌtltJe Lender's
aecurity inllleal in ths RSRlS Dnd PsrlOnsl Property, In addition to "'cording this Mortglge In thl raal property recolds, Lender mlY. It Iny
time IIIId without further aulllorlzation from Granmr, ile exsoutad ooumslparts, coplos 01 reproductlonø of thia Mort9'1I8 a8 a financing
IUJlAlmont. Grsntor _h.1I ,aimburae Lsndar for oU cxponses Incurred in peñeatlng or oontlnulng thI- ..ourity Intar,,"t. Upon default, Grantor
shill not ramovo. .over Dr detaDI\ tl\8 Porlo",,' PrO 1orty f,om the Prop..ty. Upon dsfaun. Grantor shollls.emble 'ny ""raanal ProperLy not
afbed to \hi! Pro potty in a monnor and at a place reasonably convenient to G'antor and Lsnd.r GrId mal«! it eve/lable to Lender within tlt",s
fal days after Iccelpt of Wlltlen demlnd from ~ender to tho extent perlnlttad by eppllcable lew.
Addra"". ihe rmlllng ar;ldr,lSu of Grentor Idebtor! and Lender (secured party) trom which inlolroadon concerning the security In\1 rast
gl1lntod by this Mortgaga mlY be obtlined (oaoh so roqul..d by tho UnIfolm Commerciol Codel ere '0 otatod on tile n,st page of tl\11
Mortgage.
FURTHER ASSURANCES; ATTORNI!Y-IN-PACT. The folloY/ing provisions rell~ng to fulthel aSSUflnc.. and attomay~n-foot are Ð pert of this
Mart<; age:
Purthor Assul'llllcn. At eny tims, and from time to time. upon reque!t of Lend.... Qramol \Viii mike, execute Ind dellvlll'. Or wIll caUSD to
be mlde. ..souted or delivered. to LendDr or to Lender's designee, ond whln requosted by Lender. oau.. to b. liIed, ,o<:ordad. ,efilld. Dr
re..oorded, .e thé e"8 mlY be, It ouch 1;m... ond In suoh om""s and places IS Linder mil'( d..rn approprilto, sny and 011 such mortgagos.
duds or trust, security deeds. seourity agreements, financing lt8t8ments. oontlnuation statements, instIuments of furthor assurance.
certl11eltel. and otl\8r docum8ntl 01 mlY. In the IDle opinion of Le~r, be I1C1ceScery Dr de.lrable In ordar to ,flectuate. complete, perl8ot.
oonti.,..., Dr ptecorve (1) Grentor's obligation. ul\dar th. Noœ. this Mortgage. and the Related DoeLlTlents, and 121 tha IIcns Ind
""CUlÌty interests orelted by thl. /oAortgogœ on the Property, whether now o\'lood er heraafter loqulred by Granlor, Unless prohlbltad by
low 0' lender eU'881 to the contrary In writin\l. Grantor sholl relmburso Lender for all 000111 and øxponsos ¡nCUlled In oon""cUon witl\ thl'
motters rsterred to In thll pot.graph.
Attonll'y-ln-fIoot. If Glanlol falls to do any of the 1hlno. "fatted to in the preceding parl\lraph. Londor may do so lor and In the nom~ of
GranfOr and at Grlllmr's expenoe. FoI soeh purposcs, Grantor hereby Irrevocably appointe Lsnder .. G'.nt...·s attorney-In-fsat la' tt.
pUt]>o.e of msklns. ..aoullng. delivering. 1ifng. rooo,ding. and doing ell Mhor tiling, a. may bo nccÐlSlry or d..ireble. In Lelldlll"s sole
opinion. 10 accomplish thl mstters ..I."ad to in the prscedlng ptlragreph.
FULL PERFORMANCE_ If O_tor payo .. the In"'btednoøa when doe. and otherwise perform& 011 tho obligations Impond upon Grenlo. under
thll Mortgaga, Lander shal executa and deliver to Grantor a suitable seti,faotlon 01 this Mortgege and suitable atatamenta 01 termlnl1ion 01 any
financing Italamem on fila evldonclng Lender's seoudty intor.st In tho Rents and tl\8 Pereonlll Property. Grantor will pay. II permlttod by
applloable 1...1. anv lêosooable tOlTlllnatlon foo .. d.lermlned by Lender frcm time to lim..
EVB'lr8 OF D!PAULT. Elch of the foØo..in~. at Landor'. option. shall oomMa 011 Event 01 Default under tlis Mortgogo:
Payment Defoult. Grantor ñlUs to makt tny payment when due under the IndBbtodness.
Default on Other Payments. Failurt of Glantor within the time requl,ed bV ti1ls Mortgage to make any payment for taxes or InsurollCc. or
any other payment ne"slaty to provent ñling of 01 to ,jf8f:1 dlschorgc of any non.
Other Dslaulhi. Gronlor fails to oomply with at to perform lilY Dther term. obligation, covcnant or oonditlon oontainoo In this Mortg,g8 or
1<1 ony at thl Rel«ted 000\011_ or to comply witl\ or to perform any term. obligation. covenanl or condition contoined In sny other
egreemefTt betwe~ Londor end Gramor.
Oo'ault In Pavor of Third Pam... Should Granto, defsult under any lo.n, ..tanslon of credit, ..ourity .grGenlont. purchase or ,.In
agreemerr.. or eny otluor egltøment. in fevar of sny oth.r crlldltor or pel1lOn thst may mllt8rlally affect any of Grerrtul's propo,ty or
GrafTtor'. obiJity 10 repay the Indebtodnost; 01 GIlmer's ability to pSlform Glantor's obRgations unds, 1I1ís Mortg.ge or II1Y rol.tad
document.
Fein Statements. Any wa'ranty. rsprtse.1tation or statement made or tumished to LelKler by Grsntor or on Grantor's behslf undor this
MOlI\IS\le or 1110 R.latóild Documents Is false or mleleldlng In ony metOliel relPl'ot, elth., now or It the Urns ft>8de or fUlnisl\ad or becomes
felaa or misleading at eny time thereofier,
DofCCllve CoIlaterslizatlon. This Mortgage or any of the R.lated Oocumonts celoes to bo In full fO'CD end eff..t ClnoludlnlJ faOwe of lilY
oollmrol document 10 ClCalO a ualid ond perfOOl;Od s8f:urlty II\1C1est or lien) lit 'ny timo end 101 sny rcason,
Ds.1h Dr Insolvency. The dÌ55olution of Grantor's IregardlSlls of wl1ethor eloction to continue 10 mado), any member withdraws from the
limftad lleblllty company. 0' any other termination ot O"ntor'$ oxi.tonca III . going business or tho death of any member, the inoolvønny ot
G.antor, too appointment of I recelv~r for OIlV port of Grlntor', property, ðny e$&ignment fot tho IJeMftt of creditorl. Iny type of cradItor
workout, or the oomlT1snooment of any proceodlng under any b.nkrupU:y or insolvency lew. by or 19ainl1 Grulltor,
Loan No: 161001403
MORTGAGE
(Continued)
1000016
U~~~q~:.L
Pag9 4
(;"dIlOl or Forfeiture P"'...dlng.. CorrrnencBmGnl of foreclosure or forl'eltlM'G proc..dlng., wh.thor by Judicial prooooding. self-help.
repooauolon or any othor MOthod. by .ny oreditor of Grantor or by .ny governments' .goooy øg~nst .ny propeny s8ClM'lng the
Ind.bUldneaa. Thla lnolude. a gemlshment of any of G.ontor's !Ccoums, including deposit iIOcounl8. with Londer. How"".r.1/1Is Evem of
Dof.oJt shaD not epply ilthere ill a good faith dispute by Grantor os to I"" v,lilØly or reesonablcnGIIS or th. olelm which Is 1he basis of tho¡
credltO! or for1ahuro proooading ,ntllf Grantor givos Lendar written noUe. 011hc crødllor o. forfeiMa proceeding III\d depG lQ witI1l.ønder
monl... Dr a .U"W bond for tho crodit... or forl.iIvr, proceeding, In an amo"'l tletermlned by Lender, in ita eole tllsoretlon, U beIng on
adRlluate reurve 01 bond ro. the diBpllle.
!:xlatinQ '"dobto.m.,ss. Ths payment of any l""t.Dment of prIncipal or any Inta...t on the ¡¡"I.tlnglndebtcdnosa I. not mado _In the time
required by the promissory nat. evidencing such lilOObtadness. or a d.falll occurs under thll Insltll'Mnt eeoUlino such indebtedna.a olld ¡.
not oured durlns any appDcable groce period in .uch Instrumsnt, or any SlJII Or othor eoUon Is commenced to forecloae Iny exl~ lien on
1he Property,
Breath of OIlIer Agroomant. Any breach by Granlot under the terms of any other agrllJCment batwMn Grentor and Lender that Is not
ramodle~ within any groco parlad provided tho rein, Including without Imitation ~ny agreemem concerning OilY irldêbtedn... or ather
obllgoUon of Grontor to Lemler, whother axlating now or loter.
Evenu Air-odng Guarantor. Any of thc procodlr'A event. oocurs with respect to any Guorontor ('If ony of the In~ebladness or eny
Guerantor dies or bÐComaa inoomp<l\1llnt, or revokes or displllca U,o vallcDty of, or lIoblll!'1 undor, any Guaranty of too Indebtodn..., In the
event of a dnth, Lender. It Its o ltJon, moy, but 5hall not be reqlArad to, permit the Gualantor's e_ to IlISl..me unconditionally tha
obligations ar/slllg ood.r th. guaranly in a manner satisfactory to Lander, end, In doing so, cure any Event of Defouit.
Ad_.. Chanuo, A motorial ~dv"'e chenge OCOln In Grentor'. fln.""lol condition. or Lender believes tho prospoot o( peymmt or
por'ormllnOtO of the ImIeÞte~nB8f Is Impalrod.
Insecurity. Len~er III good fulth ¡bol;'ve. itielf insocure.
fliGHTS AND REMEDIIi5 ON DEFAU[T. UpOtl the oooUlrence ot an Event of DofaLAt and at any tim$ th"..fto., Lander, et Lemler's option, mey
oxelc.o any 0118 or more of tho 101l0Wlng lights and romodlea, in odditlon to .ny othor riglns or remedies provided by law:
I
Accol'fetolllldobtedneQl, Lend,r shall høva the right at Its option wlthoUI 1I0tiO. to arentor to deGlare the entire Indebtedness immediately
~,.. and payable, i1cluding any ~rapayment panelf'¡' whk:h Crantor would be reqoJrod to pay,
UCC Remedies. With 198pecl ~ d 01 any pert ot the Personal propeny, Lender shell have aD tho rights and tGmodiol 01 e soourod pu,ty
undo, 1I1e Uniform Commercial Code,
Colleot Rent.. Lender shall hew the light, without natice to Gramor, to tDke ponalSion 01 the ProPSrty, Inotudlng during 1he pend.noy of
foreclosure, whother Judicial 01 rIOrl-judioial, ond oQlleot the ~...., inoluding amounts put tlue and unpaid. and apply the nllt proceeds. OYOI
and above Lender'. oosts, aga/nBt tho Indebtedness. In furthClanoa 01 d~s lighl. Larld., ",ey t$qui" any tenant or othoor unr of the
Proporty to makc paymonts 01 rnt or USl fees directly to Lender. If the Rents are collected by Lender, then Grantor Irrevocably doslgnates
lendar as Grantor'. attomey-jn·fact to endor80 inauulTHJllts received In payment thereof In tho name of G.antor and to ne90tlate the nme
and collact tho prOCH"". Plyonent. by tenants or other ussrs to Lender In reaponso to Londor's de/llond shol alulsry the obligetiolls for
which the payments are made, whothor 01 not OilY plOpèt ground. lor tha dem.n<! e>d.ted. l.ønder may oxarcise its right. under thia
subparagraph aithel in PB<6on, by il! ent, or through a reoeiver.
Appoint Rocalver. Lelldar shall hove ths right to havs a receiver appolntetf to take posselSion of all or any part of tha Propany, with the
power to protect and preserve 1he Property, to Opelato \hQ ProplJI'lV prQCoolrl!l fOl'lololure 01 caI., aIId 1;0 ooiJØI.'t tho Rent& from the
Propelty and apply the prao..d., OVOIr and above 1he ooat of the rec.iyership, e!Jsin.t the Indebte~nos., The recelyer may serve without
bon~ If permltte~ by law. LandOl's right to tllO oppalnt/llent of a reaalvel sholl .xist whad,.r Or IIOt the appa,.nt v..... of tho Prope.ty
axceed. the Indebtedness by a substantial amount, Employment by Lender shall not disqually a person from serving as a receiver,
Jucl1clill Farealo...", Lander may obnoln a Judloial decree foreolO3l119 Grantor'a Interest In all 01 Bny part of the P.operty.
No,ljudlcial S.... Lalldar may loreolola Grllltor', IlIleles\ in all or in any pert of the Proptlrty by nOrl-judíol~1 sala, olld Ipacifioelly by "powel
of sale" or "advertisement and sola" tOleclosure 8a provided byatatllle,
beiIDionoy JudUl1Mn\. If permitted by IIPP.D.ble law. Lentl.. may obtain. judqrm¡nt (or any d.r..iønoy ramolning In 1he Irldebt8dnllSl duo
to Lendol aftar appDcatlon of al amounu received from lho eXDlcise of the rights proyided In tlis section,
TcnBlICY at Suffet..,,,,,. If Grantor remains in possession of the Property after the Propeny I. sold a. provld.d sbove or Lentier otho.wi8e
beoonte3 enthled 10 possession of the Property upon defalAt of Grentor. a"ntor .hell baouma a tenant at sullerllllce of Lendar or the
purche...r of lI,e Property ond shall. et L.ndar'a option, oill,.r (1) pey a r.oaonoblo rontal for the use of the Property, or (21 ncma the
Property Imm.tllately upon the dem.nd of Lender,
Other Remadln. l.ønder thJlI have .11 other rights .nd remedies provided In this Mo.I\jQge or tM Note or available at law or In equity.
Sale of il1a Prop.rty. TI;I the ,¡ct.nt permitt.d by oppUcable la~r. Grantor hereby walv~ any and all right to have the Properly met8hallod,
III exercising its rights and remedJos. Len~.r shal be fr.e to sell al or any part 01 the Property togethe. or .aparattiy, In 0118 sole or by
eepenno .ales. Lemler sholl be entitled to bid at ony public ..1. on aI or any pOl'lIon of tho p,opctty,
Notic:o of Sole. Lender ahoH give Grantor reasonable notice at the time an~ piece of any publlo sale of the Peraonal Propørty Or of tho lima
aller which my privete eele or other intendetl dlepo.ltion of the Pe'lIOnel Property il to be modi. Roasonable notice ahal mean notloe
given et lea.t ten (101 dey~ beforo Ihe 001. of tha solo or disposition, Any aale 01 the PenlOnal Property m"Y be med. in uonlunotlon with
any sale o( the Real Property.
EJectfon of Remedies. Election by Lender to pur.... any remedy Ihollllot oxclude pursuit 01 any other remedy, and en eleation to make
8xpanditurae at to toke octlon to porform an obngation of Grentor under this ~'ortgage, .ft", Grentor'l (ailut. 10 porfonn. shal not atRct
lender'a rigl1t to ~eolat8 a delault and "Slolee Ita rem.die.. Nothing ooder this Mortgage or otherwln .holl be oonstrued so .. to limit or
ra"riat the rights ond remedJlIS availeble to Lender fOllowing an Evem of DefaoJt or In any way to &",it or nutrlat tho rights and abilty of
lender 10 proceed dlreotly again't Grantor and/or again" any othat ao-mol<or. guarantor. suraty or endoraer and/or to proceed egainet any
ather oollotoral dkaoUy at IndlrecUy sQClJrlng the Indebtedness,
AuorncYII' Foe.; Expenses. If Lender InstltUles any suit or aotion to enforce allY of lhe terms 01 thIs Mortgage, Lender shall be entitled to
recowr 811011 .11111 as the court....y .dJudYI roa¡¡onobla as oltorllllYS' fees at uial snd upon any appaal, Wheth.r or nat any oourt ocUon is
i"'''''....d. and to tha oxtont not prohibited by law, ell "asonsble expense. lender inOUI. Ihot in Landar'. opinion .,0 ""cenery at .ny time
for the proteotlon of Its Imerest or the onforo.mallt of its rights .hall bøoomo a pan of the Indabtedne.s paysble on demand and ah.1I baot
inteleat .1 tha Nota late from the date of the expenditure until repaid. Expenses col"lred bv tWo paraglaph lnoluoo, without fimitation,
however eubJsct to eny limits under oppllcabl. law, Lender', ..osonaIJla attom"Ys' r.a. and Londo~s legal expensea whether or not there ie
a lew.ult, Including t$asonabla attornQys' fe.. and e""en... for bonkruptcy proceedings lnoluding e«om to modify or vocate any
automatic otey or injunction" app8l18, and any amiolpllleG post'juclgment Dollootion ....vlo.., the cost of ....,ching records, obtaining title
reports (Including ;oreololur. .aporta), surveyors' repolts, ond opprelsal faos and title Insurance, to tho extent permittad by appliceble Ia...
Grantor .180 wlH pay 8I1Y court costs, In addition to all othor .ums provltled by law.
NOTICES. Any notice requlretl to be given under this Mor1f ogl, illoludlng wllhout IImila1ion any notice of dafault and any rwtioe of sale sholl b.
yl""lI1n wlldng, end sholl be ctfcc:tivc when ectually delivered, when ,Ç\Ulllly reoelvod by t.le....o.ìmll. (unl... o!h8,vJI.a tGquilod by lew). when
depo.1ted with . n.tlo""lIy reoD\ nlud o~rnight Dourio,. 01, if n'IIiled, whon daposltad in the United 5tstes mall, as first ol..e, oertlfied or
l£gieterÐd mail postego prepeld, directed to tha ad~ressaa shown near the beginning <¡/ thle MOltguga. All copl¢s of noticel of foreclosure from
the holdar of any ¡IIIn willch ha. priority OVlr this Morlf aga shall be s.nt to Londer'a address, as shewn near Ihe beginning 0; this Morlgoge.
Any porty may chang. Its address fIIr notice" under thIIo Mort~e by gMng form,1 written ootioo to !hI athel pordel, specifying th8t Ihe
purpo.. of the notic. ¡" to ohango tho party'. addr"". FOI 1I0tiao pl.J' )osca, Grantor agrees to k.ep Lender Informed lit 1111 time. of Grantor's
ourrell! oddrus. Urllcss othalwise provided or required by law, If ¡hera ~ more than 0"" Grantor, any notlca ¡¡Iven by Lender to any Grantor Ie
deemed to be natice ¡¡iven to ell Grontor,.
MISCEUANEOUS PROVISIONS. The following miSCQllaneous provlsiDns are a part 01 this Mortgage:
Art1I!ndmonts. ThIG Mortgage, togadtar with any Ralatød Documents. constitutes the entire understanding and sgreement of the patlÍ88 as
to tho mattars eet forth In this Mortgege, No a/teretlon ot or amendment to this MO'19,ge .hull be e/leolive unles. given in wIlting and
signed by tho party or partt.. .ought to b, o""rgod 01 bound by tha Iltarotloll or omandmoot,
AMuol RIpen.. If tho Proparty Is used rOI purpos~ other than Gla/1tor's res¡dol1co, Grantor shel tumish 10 Lender, upon request, a
L~_. ~V ~VVV v,.~~ r~1
1'.1':;:,.... l1U.....1Uil'll lHlllt\.
JV/OJ.&.iJCG~
Loan No: 161001403
MORTGAGE
(Continued)
0000.17
09254S~
Page 5
certified 8t81£menl of net opennlng Income received frOM 11>. Proporty during Grantor's previous fISCal VIIar In ouoh form and IletaU as
Landar ""att require, 'Net oparoting InDo",." ,h.1I mean ell cash rocolpu flOM Iha P"",erty Ie.., al ce.h expenditural mada In QO~tI<on
wl!h tho oparaUon of the Property.
Caption Headings. Caption headingo in this Mcrtuage are far oonVonloo09 purpose. only end are not to b<IIlJ.od Ia Interpret or define the
pto~ialo"" of thla Mortgege.
Govomlng Law. This lVIortpge wIn be governod by foderallo", appllolble 10 Lender olld, 10 the ""tInt not proomptod bv fldlr./I.w, the
I.w. 01 thl $tnt. of Wyomklg without legard to Tw conflict' of law provl8loml. This Mo~'ge heS been accopted by Lander In th. Stag of
Wyoming.
Choice of Vel~'. If thoro ¡I 0 law.ult. Gr.ntor egrees upon Lendcl'l roquelt W lubmit to the jurisòictlon of the courts of Uncoln County.
Stllto of Wyonung,
No Walvor by L...d,r. L..,nder ,hall not be deemed to hava ....lvod Iny rights under this Mortgaga unless such wolvør II givan in ,,11111119
alld algned by Lender. No delay or omiBaion on the pert of Lender In CXðlcislng ony right lhall oPl'".te as a waiver of such right or any
other 'íght. A w.ive, by Lend., of 0 provision of this Mortgøge """ii not prejudice 01 conslltu1e a walver of L..nd...·. tight othérwle. to
demand strict eornpDance ",~h thllt provision or any other provision of thl. Mortgags. No prior waiver by Lender, nor any course of dealing
bltween Lemler and Crentor, shall consUM. . ",~Iver of uny of Lender's rights or of any of GrantDr's obligations a$ to sny future
trons.ctlona. Whl""v" the oonsent of Lender Is required undot this Mortglil9o. Ih<r grontill9 of such oonsent by Londer in any Instonce
'Sh811 not constitute continuing COr\ICuU to 8ubaequerrt instances where such COI1sent 11' required and in DII cas.1 such conlilitnt rT\iIY b.
granted Or wíthh8Jd In the sola discrotion of Lander,
SevereblUty. If. court of compotent luri.dlotlon find. ¡¡ny provi.lon of 1his Mortgage UI bo megol. invalid. or l>1enfotCooble a. to any
elt<:umoton.." that finding shell not make tha offending p,ovision Blegal. invalid. or unemorce.ble JS to any other clroumstence. If felsible,
the offending ptovislon shall be eoneidered modified so thot It becomes legal, vald end enforceable. litho oflandlng provision e......ot b. aD
modWed, it sh.n be considered dslsted from this Mo<tgoge. Unlas. otherwise required by I..., the Rlsgollty. fnvelldlty, or unenforceabßity
of any provlalon 01 this Mortgage sl1<lll not al/eet the legality, validity or enforcoability of ony otllor provision of thIs Mo'tgage.
Merg.r. Tho,e 0111111 be no ml1ger of th<r interest or estote c",sted by tli, Mortgage with any ather InUl,..t or esUlUlln Ihe Preporly at any
time held by or for the benefit of Landor in any capaeily, without the mitten consent of Lender.
$u""essors snd Assigns. SL.tJject to any Dmlratkms atotad In thl. Martoao. on lranel"" 01 Glantor'. Int.lett, !hi. Mortgag. ,"'11 be binding
upon and Inurs to the benefit of the pertles, theil sucoessors and assIgns. It ownership of tha Property becomes vested in a person Mhor
than Grentor, Lender, WiU,out notice UI Granto', IlIay do'" with Gr.ntor'. ""oo....or. with re'erence to thi. Mortgage .nd the Indebtednets
by w.v 01 forb.....w. or extension without releasing Grantor from the oblgstions of this Mortgsge or liabiUty undar th. Indebtedness,
Tnno is of tho Essonce. Time is of the ...eno. in the performance of thi$ Mortgage.
Walv.... of flomeatead ExeJnptlon. Grantor ho,.by ra)""8e8 and walv.. aD rlght8 and bane fit. of Lhs homl8tsad exemption laws of tho Stllte
of Wyoming as to ell Indebtedness secured bV this Mort!Jðoe.
DERlllmOI\l$. The following oepitoli..d words end t.rme .hell hove the follo"""'g IT'eenq,g. whs" ""oelln thl$ Morlgagl!. UnlaS$ apecllioolly
statOO to 1M contrary. oli ,afarancea to dollllr omountll 0111111 moon omoulTlS In IIIwllJl monoy of tho United 51ot88 of Amorlca. Words end terms
used in tha singuler ehell Jnclude the plural, end the plural sh.lllnolOOe t'" sing\JIör. as 1he oontext m.y requir.. Words snd LOIMI nol otherwiso
dsli....d hi J1 S MOt'lgag. shall h."" tha mlani'ig. aU,iOOted to such l...ma In th" U,1Ifolm Commercial Cod.:
Borrowar. The word "Borrower' moans AlPINE DEVELOPMENT GROUP, LLC and Inclllde. ali oo·slgner. ond oo-msk... .lgnlng the Note
and all their SlIcoe.sors and assigns.
Default. The word "Default' msans the esfaul1 581 forth In thl. Mor1gag. In tho ssotlon 1Itlod 'Dofault".
Environmentll laws. The word. "Environmentsl Lowa' moon any ond allstate, federal and 10...1 rt.tute.. reguletio"," soo ardlnancoa
r.laUng to tho prolaetlon of humon health or tho environment, Including V/i!hout ~mltftion the Comptshenaiva EnvironmDlltel Response,
Compenaation, and L",balty AD1 of 1980, as amended. 42 U.S.C. Soctlon 9601, st 8Ðq. ('CERCLA ' , the 5uperfun~ Amendme~t. and
Reauthorl~ellol1 Act of 1988, Pub. L No. 99-499 I"SARA"),the Hazordous Matvrlels Tran& Jortatl<on Aol. 49 U.S,c. Sootlon 1801, et seq"
1110 Rogourco Conservation and Recovery Act. 42 U.$.C. SeotIon S901, ej IOq., or oth.r appliceble state or fede"i law., rulèQ. Of
regulations adopted PUlVlJiInt therl!!lO.
Ev.1Ii of OsfauIL Tha warda 'Evant of DefBult" mean sny of tile a.,.nts of dof.ult lOt forth In !Jlls Mo~sge In the 8ventõ of d.f.ult
section of !his Mortgage,
E>Ùstlng 'ndebW~ne'" The words 'Existing Indebtedness" mean the Indobtedness dèsertbod In the Exl:rtlng Uens provillo" of !hie
MCNI(¡ age.
Grantor. The word 'Grantor" means ALpINE DEVELOPMENT GROUP, LLC.
Guarantor, The word "Guarantor' msona any guarantor. surety, or aocommodadon p3tly of any or an of the Indebgdne¡¡.
Gue..nly. The word "Gworanly' means !J18 guaranty from Ouorantør to Lønclar, Including without limitation a guaranly of all or part of the
NQIQ.
H_lIIous Substances. 1'I1e words "~ozardoll8 Substances' m.en mnenal. thd. bocaus. of 1I1eir quantity, co"""ntr.tiorl or phyalcal,
chemlcel 01 Infectious characlarls1los, may causa or pose 0 prt$ent Or potential haze", to human heelth or tha environment when
Improparlv used. wated, 8tored, disposed of, genltatO<i, mllllufactl,nd, trensponed <II' otherwllHl handled, The words "~.zardous
Subslances' ere used in their vvry broadest sanso end Include without limitation any end aD hezardous or toxio sub.toneos, materiel, or
waste as ðefined bv or fIIted under the Environmentøl Lews. Th. term "Hazardous Substanoe.' aleo InoJuds., without limitation. patloleurn
and petroleum by·preductl 01 el1Y ffllotl<on theleo! and asbo.tos.
Improvoment.. The word "Improvements" means all existing and future improvaments, buildings, struoturn. mobUe homes affixed on the
Raal Property, lacBltiÐs, additions, leplacements snd crther construction on the Real Property.
Indebtedness. The word "Jndebtednass" means all principal, Interest, and oth8l' amounts. costs and .~pens" poyabkl LXKier the Note or
Rallied DoouMents, togcUlar with aD renewall of, Ix18nslons of, modification. of, oon..lldalion. of and substitutions for tho NOla or
Related Docurnent1 en~ "ny lmounll o"Ponded or edvsneed by l.end.r 10 di8ehotga Grantor's obl/gatlol1s or e""on.os Incurred by Lenôer to
anlor.. Granlo"s obligation. under this Mortgage, tagethor with intereet on suoh .rnounll 01 provided in this Mortgege. SplclficDIIy.
without limitation, Indlbtednes. Includes ell emounts thet may bs Indirectly secured by the Cross-eollat<lraUzation provision of thl.
Mortgage.
Lender. The word "Lender" means lit Bank, Its SUCCOIl8OIS end ...Ignl.
Mortl/llIlC. The word 'Mortg.ge' MoallS this Mortgage between Grentor and Lander,
Nolo. The word "Note" meens the ",ami.aory note dated November t 13,2006. in the original princlplIl amount of $250.000.00
from Grantor to Lend (. togsthor with ell renawals of, extensions of. modifications of, rofi""""lngl of, consoUdotJornl 01, a~cI substituLlons
'or the pro,,,lsso,y nate or BlJlnmsnt. Th<r m.turily date of1hll MoltlJege I. Oeo.mb<llr 31, 2007.
Pa..ollol Property. Ths words "P.toonal Property" maan all equipment. flxturaa, and Mher erliclee of persQnal pICpeny oow or hllNftor
owned bv Grontor, and now or hareafter attaohed or .fflxed 10 the Real Property; 1000Jther "lith .11 DCcesslons. plJrts. snd eddidDlle to, aU
replaeGmolltl of, and all substitution. far, any of such prop..ty; and together with .U proceeds !Including withou\ limitation all insuranae
proocedl end r.lunda of promiums) from eny Satl or othar dlspoaltlon of the ProperlV.
P",~rty. The word "Property' map-no oolllctively tho Real Property 811~ the Personal Property.
Real Property. Th. wordl "Raol Property' mesn the reol prgperty. Inl"oats and rjghts. a. fLWtMer d"".ribod In this Mortgage.
Related Document.. Tho: words I'Related Docutnønls- MGBn &II promleory "I)w., credit agreements. Joan 8gr..m.ntå, Clr\\IirDnmentBl
BlJr.ements. guorenties. 'Ieerily ograemcnlS. mortgages. deeds of trust, socu,iLy deeds. collateral morlgll9s$, and 011 other Instrumenh,
.gruMonts and documents. whether now or hernner eJdsting, e~ecuted In conneotlon with the IndsbtOOnoss.
Ronts. The word "Rants' meens 4111 p,oal"t Dnd fU\\Jre rents. revenues. income. ISSu08, royalties. profits, and other bsnøfJbI d$rlved from
the Property.
Loan No: 781001403
MORTGAGE
(Continued)
'000018
'--. "~ .
09ZS4S1
Page 6
-.
GRANTOR ACKNOWLEDGES HAVING READ ALL TIiE PROVISIONS OF THIS MORTGAGE. AN
GRANTOR:
ALPINE
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
STATE OF
ss
)
COUNTY OF
On thl. . __ day of _ . ___ _, 20 _, before ml, thø und...lgnad Notary Publlo, paraonaJly
apP8I1J'AdDÃÑiI!n. nAVIS, Member Gf ALPIN!! DEVI!lOPMENT GROUP, LLC, and Imown to me to be a member or designated agent ot the
limited liability compony that ex.cuted tha Mortgage and acknowledged the Mortgage to be tile free aoo voluntary ...t end deed of tn. li",iteod
liebUity company, by euthomy of l'Iatute, ~a ..ticlea of organiution or ita oparl~ng ~r.emlltlt, lor the USAa and purpollila thoreln mentioned.
and on oath ,,'ttod that ho or sha la ouu1orlvld to Axecuta thla Mortgage eoo in fact executed Ihe Mortgage on behalf of the limited nablllty
company.
By
R.llding M
NOIRry MUo in ond for the Stato of
My commission e.pl...
LIMITED UASILlTY COMPANY ACKNOWLEDGMENT
STATE OF
)
) 56
COUNTY OF
On this day of . 20 , bofDre mo, the uooersigned NotAIr, Public, personelly
appeared BRADlEY G. VERNON, Manager of ALPINE OeVELOpPIIJ;N' ' GROUP, LLC, and known tD me to be a ",.mber or designated agent of
Ihe limited Ilablßty company that e (1IÇuted the Marlgaga 000 ocknowlc<lged the Mort~ W ~ the fr88 000 voluntary eat and de.d of the
limited Uability Dompany. by ~ulhorlty "f stOIUIÐ, Its articles of organllltlon or Its operating agreemerrt, for tho 111;4$ and purposes therein
"*1Ilon.d, Ind on DOlh alllted that he OJ she Is a\lIhDmed to ax.cule this Mortgago and In fact exeoUled the MortgagÐ on bahalf of the limited
~obißty company.
lIy
Raoidh.g at
Nt>tory Publia in and for tho State of
My comml..lon expire.
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
STATE OF ±LcR I D A
~ }55
COUNTY OF RDWA'R.D I
On this '1 deyof ~~ f;1n ~ E:~ . 20 ~. bGlo.. mo, the und8faignsò NOlnt'Y Public, personally
IPpooorad UNDA MILLER. Member of ALPI· 6LOPMENT ROUP, C, and kñown to me 10 be 8 member Dr designated agent of the limited
liability compenv that eXllcutcd tlte Monv~ge end eoknowlc<lgcd the MD11¡¡ege to be tn. f.ee and vo(lf1tary Kt snd deed of the limited nlb.lty
oompony by authomv of stlltute, Ita .,~cl"" Df orllanizeliDn or it. operating ogroomem. for the us.. and purposes thar.in men\kJn.d, and on
oath sta Ihat h. or.he Ihorize out, this orlQege ond In fsot oxeouted
Residing at
My .ommis
L.'.iII,lIÔl~_.I~.øUD' 'I:"'.,..·.&I~...".õtoK.....tHf..... M"'~.n....... .WI ~~......lI'Crr.~naI.I'C ,......It
OSZS4S1
STATE OF California
000019
COUNTY OF San Luis Obispo
On November 30,2006
before me, A, Clark. Notary Public
(Name of Notary Public)
personally appeared Bradlev G. Vernon and Damien Mavis
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the
same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the
person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
i~
(Signãtüre of Notary Public)
(This area for notarial seal)
(notary)(07-02)
09254~jl
EXfUBIT uA"
Thatpan of Lot 1 (SElI4SEI/4), SWI/4SEl14 and $El/4SWI/4 of Section 20 DIld Lot 3
(NE1I4NWl/4), and Lot 2 (NW1I4Nlil/4) of S¡:çtÍOl) 29, 137N, R118W, Lincoln County,
Wyoming, being pan of that tract ofœcord in 1110 Office of the Clerk ofLîncoln. County in Book
256 of Photo statio Records on Page 547, described lIS follows:
All of the REMNANT P ARCBL liS depicted upon the pInt filed in said Office as Plat No. 30m,
titled, "PlAT TO ACCOMPANY PARCEL DMSION APP'uCATION POR BORDEAN
(CUB) W. CUNOERAND CAROLYN LEE PORTER ClL....OER FOR THE FLYL~G
SADDLE LODGE PARCEL wn11lN LOT 1 (SEl/4SE l/4), SWl/4SE1I4, SElI4SW1I4-
SECTION 20 LOT 3 (NE1I4NWI/4, LOT 2 (NWU4NEJ/4)- SECTION 29, TI7N, Rl 18W,
LINCOLN COUNTy, WYOMING. and dated 5 April ZOO 1 atld revised 27 April, 2001.
000020
STEWART TITLE
GUARANTY COMPANY Commllrnom - SIOOduI. A
h¡¡d30U