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RECORDATION REQUESTED t3V:
, 8t Bank
Alton
314 South Wlilllhlngton St.
P.O. Sox 1620
Afton. WY 83110
OOO~3S
WHEN RECORDED MAIL YO:
1st Bank
Ahan
314 South Wa.hingtan St-
P.O, 80x 1620
Alton. WY 83110
RECEIVED 1/9/2007 at 4:30 PM
RECEIVING # 925944
BOOK: 645 PAGE: 836
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
SEND TAX NOTICES YO:
1st Bank
Afton
314 South W.shlngton St.
P.O. BOle 1620
Afton. WY 83110
SPACE ABOVE THIS LINE IS '"OR RECORDER'S USE ONLY
? ¡;. " u. 7/7,
MORTGAGE
Tf"ns MORTGAGE dated December 28. 2006. is mClde and exeouted between .Jeffrey Reev.. and t3arbara
Meohaley. 8S tenants In çommon (referred to below as "Grantor") and 1st Bank. whollle ..ddress Is 314 South
W..shlngton St.. P.O. Box 1620. Afton. WY 83110 (referred to below as "Lender").
GRANT OF MORTGAGE. Far valuable conslder.tlon. Gnmtor mongages and convay. to Londor all of Grentor's right, tltJe. and Jnterest In and to
the following described real property, together with all elelstlng or subsequently erected or affIxed buildings, Improvemen,e end flletures; all
oosomonts, rIghts of way, .nd appurtenances; all wator. wat.r rights. watercourses and dltah rlgl1ts (Including .tOak In utlllt'as with ditch or
Irrigation right.); .nd ell other rights, royalties, and profit. relining to tho real property, Including wIthout limitatIon all mlnerlllll, 011. ga8,
gaothlllrmsl and .¡mUar matter8, (the 'Real Pl'operty") loçated In LINCOLN County. State of Wyoming:
SEE EXHIBIT" A'·
Yhe Real Property or It. address Is oommonly known a. IiWY 89. SMOOT. WY 83126.
Grantor pre..ntly assIgns to Lender all of Grantor'. right. title, and Interost In Bnd t<;> all present and tuture leases of the f'ropGrty and all Rents
from the Property. In addition, Grantor graots to Lender a Uniform CommercIal Code security Intere.t In the Parsonal Property end Raots,
THIS MORTGAGE, INCLUDING THE ASSIGNMENT 0'" RENTS AND THE SeCURITY INTEREST IN THE RENTS AND peRSONAL PROPERTY. IS
GIVEN TO SECURE IAI PAYMI!NT OP THE INOeBTeDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THe NOTE::,
THI! RELATED DOCUMENTS. ANt) THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THIi FOLLOWING "rERMS:
GRANTOR'S WAIVIiRS. Grantor waives all rights or defen8es arIsing by re.eon of any ·one action· or ·antl-daflclency· law, or tiny other law
which may pr.vent L.nd.r from bringing any action against Grantor. Inoluding a claIm for deflclenoy to the extent Londer I. otherwise entItled to
a alalm far deflolenoy, before or after Lendor's commeno.ment or oompletion of any for.olo.ure eotlon, olther Judlolally or by .xerclso of a
power of sale.
GRANTOR·S REPRESENTATIONS AND WARRANTII!IS. Gruntar wsrrants that: (a) this Mor,gege 18 executed et Borrower'. requeet and not at
the request of Lender; Ib) Grantor ha. th. full paw.r, right. snd authority to OntBr Into thhJ Mortgaga and to hypotheQete the Property; Ic) the
provisIons of this Mortgago do not oonfllat with, Qr rlllsult in a default undGlr any agr..mlllnt or other Instrument binding upon Grantor and do not
result In a violation of any law, regul.tlon, oourt decree or ordGr oPpl/oable to Grsntor; (d) Grantor has .stabUshed edequate maan. of Qbtslolng
from Borrower on a o<;>ntln",lng basis Information about Borrow.r's 1Inlllnolal conditIon; and (e) Lljlnder haa mado no repr.Bent.tlon to Grantor
.bout Borrower IInQludlng wIthout limitation the creditworthiness of Borrowor).
PAYMENT AND PE!RPORMANCE_ Exoept as otherwise provided In thl. Mortgage. Borrowor shall pay to Lender alllndobtednes. ..oured by this
Mortgsge s.. it becomes due, and Borrower and Grantor shall strfQt/y perform all Borrowar'a .nd qr"ntor's obligations und.r this Mortgage.
POSSIiSSION AND MAINTENANCE! OF THE PROPERTY. Borrowor and Grant<;>r egree that BorroWor'a and Grantor's posses810n and u.. of the
Proparty shall be I)0v.rned by the following provisIons:
Posaos.lon Bnd Usa. Until the OOOurrenQe of an Event of Default, Grantor may I') remain In pos.a.sIQn "nd oontrol of the Proparty; 12)
use, opGlrata or manage th. Property; and 13) collect tho Rents from thlll Property,
Duty to M.lnt.ln. Grantor shall maintain the Property In good condition and promptly p.rtorm all repairs, replacement.. .nd malntenanco
necessary to preservø Ita valuGl.
CompUanc. With Environmental La_s. Grantor represonts and warrants to i.ender that: 111 During the period of Grantor's owner.hlp of
/'. th.. Prop.rty. th.r. h.. been no use, ganeretlon, manufactura, .tarage, treatment, dIsposal, ralease or threstaned release of any Ha..ardQue
(,) Sub.tlllnoe by any person on, under, about or from the Propsrty; C:ZI Grantor has no knowlllldg. Qf, Qr reason to believe thet ther. hills
been, IIIxcept as previously disclosed to and acknawledg",d by Lander In writing, (a) .ny breaoh or vIolation of any Environmental Low..,
IbJ any use. generation. manufacture. storag., tre.tment. dIsposal. r..leaso or thr.et..nsd rlllla"s.. at any Hazardoue Subst.nQe on, ..."der,
about or from the Property by eny prlQr ownlllrs or oQcupants of tho Property. or (0) "ny aotual or throatened IItlg.tlQn Qr ol"lms of any
kind by .ny p.r.on ral.tlng tQ .uoh mattera; and 13' Excapt as previously dl$OIQ.ed to and acknowledgad by lAnder In writing, (a) nalther
Grantor nor aoy tenant, oontractor, agent or othor authorized user of thlll Pr9perty 8hall use, genorote. manuftlQture. 8tore, treat, dlsposo of
or roloaso any Hazardous Substance on, under, .bout or from the Property; and (b) any such .Qdvlty shall be conducted In oompllance
wIth all ..pplloebl. f.der"t, .tete, ."d 10Qal laws, regulations and ordinances, Including _Itho",t limitation all Envlronmentel Lew.. Gr"ntor
authorizes Lender and Its agent8 to enter upon the Proporty to make such In"peQtloos and tests. at Grantor's expense, 'II. Lender may deem
appropr/ato to detormlno compllonca of the Property with thl. eeotlon of the Mortgage, Any inspection. Qr te.ts mede by Lender shall be
fQr Lender'. purpo... only snd .h.1I not be Qon8trued to create any rasponslbillty or liability on the Pllrt of Lender to Grantor or to any other
perso". The repr..entatlon8 and warranties contained herein aro bUSQd an Grantor's due dlllgenoe In Investigating tho Property fQr
Hazardous Substances. Grantor horoby 11) reloall1l8 and wal".. any future Qlalms against Lender for Indemnity or oontrlbutlon In the
IIIvsnt Grantor becam.s liable for olesnup Qr Qther Qosts under any such laws; and 12) agreea to Indemnify, defend, and hold harmles.
Lender against any and all claims, losses, liabilities, damagos, penal tie., and e..pen... whlQh Lender may directly or Indlroctly .uetaln Or
.urfer resulting from 8 brooch of this section of the Mortgage Or as a C;:QnseqUenQe of sny us.. generation, manufacture. Storags, dlspolilel.
r.I.... or thr.at.ned r.I.... acourrlng prior to Grsntar'a owner"hlp or Interest In the Property, whother or not the .ame W.S Qr .hQUld
have baen knQwn tQ Grsntor. Th. provisions Q1 this seotlon of the Mortgage, Including tho obligation to Ind.mnlfy .nd dlllfend, shall survive
the payment at the Indebtedness and the satisfaction and roconveyance of the II.n of thl. Mortg"glll and 8han not be affected by Landor's
aaqulaltlon of any Inter.at In the Property, whether by farealasura or otherwise.
Nuisanoe, W_te. Grantor shall not oause, oonduQt or permit any nuisance nor commit, pormit. or suffer eny f;trlpplng of or waste on or to
tho Property or any portion of the Property, Without limiting tho gonGlraIJty of the foregoing. GrentQr will n01: r..mov.., or grant to any other
party the right to romove, any tlmbGlr, minerals (Including oil and gas), COBI, OIBY, .oorla. .<;>11, gravel or rock pr9ducte wIthout Lender'. prior
wrlue" oon$ent.
R.moval of Improvomonu, Grantor ahall not domol1sh or romovo any Improvaments from the 1'4..1 Prop.rty without Lender'. prior wrltt..n
oonssnt, Aa Ð oondltlon to thco removal of any Improvements, Lconder m.y requlrø Grantor to make "rr.ngements satisfactory to Lender to
repl.ce such Improvement. wIth ImprQvements Qf lilt lea.t equal vslue,
Londor's Right to lintor. Lender and Lendar's agant8 and representatives may entor upon tho Roal Propsrty 01: 011 r...an.bl. tlm.. to .ttend
to Lend.r·.. Intsreats and to Inspeot the Real Property for purposes of Grantor'. compll.nce with the term. "nd oondltlQns Qf this Mortgage,
Compllançlll -Ith GQvernmental Requlrlllmenu. Grsntor shall prQmptly oomply with .n law8, ordinances. and rogulatlons. now or horoaftor
c
Loan No: 64003433
-u...,ro. "-fJ- '"X-x
IVlvn I \:i.&JI.\,:j1;:
(Continued)
0005.37
Pago 2
in effect. of oU gOvernmental authorities applloillbl. to tho u.. or occupanoy of the Property, Grontgr may comest In good f.lth any .1.1011
law. ordln~lOoe. or rogul.tlon IInd withhold oompllanoa during any "rooeedlng. IncludIng approprlete appeol. .0 long o. Grantor has ngtlfled
I.ender /n writing prior to doing "g IInd so long n. In LendClr', 80le opinion, I.ender'. Inter.sts In the Prop~ny ate not JeopardIzed. Londer
may requIre Grllntor to post edequate .aourlty or a suraty bond, reason.bly sati.factory to I.endlilr, tg protect Lender's Inter..t.
Duty to Protool. Grentor egroos n.lther to abandon gr leave unottlllnded the proPlilrty, Grontor shan do 011 other aets. In .ddltlon to tho.e
acts sot forth above In thl. .e(ltlon. which from the oharacter and use of tho Property aro re..onably nec....ry to prot.ct end pre.orv. the
Proparey.
TAXes AND LlBNS. The following provl.lona relating to the tex.. and lion. On the Property ar. pert of this Mortgage:
paym.nt. Grantor shaU paV whan due lond In all eventa prior to delinquency) ell tal(ea. payroll taxea, .peclol te_a, a.aessmenta. water
oh.rge. end aewor servlo. oharge. lovled against or on accOunt of the Proper tv, and aha II poy when due all claim. for work dOn. on or for
services ronde red or materllll furnished to the Property. Grantor shall molntaln the Proporty free of any Jlen. having priority Ovar or equlIl to
the¡ Intere.t of I.ender under thl. Mortgllge. except for those Ilene speclflQally agreed to In writIng by LQnd.r. end except for the lien of taxos
and e..ea.ments not dua .. further specified In thlil Right to Contest piilregraph,
Right to Cont..t. Grantor moy wlthhgld payment of Qny tax. esaessmont, or olelm In conn.otlon with a good faith dlapute over the
obligation to PIlY. ao long as l.nder'. Interest In the Property la not Jeopardized, If a lion arl.c. or Is fllod .. a ...sult of nonpayment.
Grantor ahall within flftaen (18) day. aftlilr t.... lIan er'ses or, If 0 lien I. flied, within fifteen 1181 dllYs after Grantor haa notlcø of the filing,
socurc t.... dl.oharge of the lion. or If raque.ted by Lendor. depol5lt with I.ender ca.... or . sufficient corpor.te surety bond or Other .ecurlty
satlafllotory to lendor In an amount aufflclent to dl.c"'.ra. the lien plus any oosta and reaaonoble ettorney.' foea, or oth.r ohargo. that
could accruc os a re..ult of a foreclo.ure or aale \.Inder the lien, In anV oontest, Grantor shoJi defend Itself Dnd Lander and shall cotlafy .ny
.dverse ¡\.Idgment beforo ønforc.m.nt aglllnst the ProPQrty. Grantor shall neme L.nd,.. .. an additional Qbllae. under any .uretv bond
furnl.hed /n the contest prooeedlnga,
Evldanoa or Paymont. Grontor .hall \.IPOn demand furnish to lender .etlsfactory ovldenc. of peyment of the taxe. or asaes.ments and .hell
authorlzo t"'o opproprl.ta govarnmental official to dGllv.r to L.nder at any tlmo 0 written .tatemant of the tax... end aasessmonts egaln.t
thEl Property.
Notloe of Construction, Grantor aholl notify lander at leest flftoon (16) dillve before any work I. COmmenoed. any services are f\.lrnl.hed. or
any materlala lire auppllød to the Property. If any mechanic's lien, materlalmen'a lien. or ot....r Uen couid ba os.ert.d on aooount of tho
work. .orvlce.. or materlala. Grantor wlJl upon raquast of lander furnl.h to Lendor odvance aa.uranoea aatl.foctory to ".nder that Grantor
oon and will pey the oost of ....oh Improvemonts.
PROPERTY DAMAGE INSURANCIi. The following prl;>vlalgn. ...llItln9 to Inaurlng tha Prgperty ere a pert of this Martgege:
Malntonance of In.uran.... Grantor .hell procure and maintain pOllol.s of fire Insurenca with .tllndard extended covoroge endor.ements on
o replDeement basla for the full Inaurable valuo covQr¡ng 1111 Improvements on the Rool Property In an amount .ufflolant to avoid application
of any ooln.uranoe clau.e. and with 0 .tondard mortg.g.e olauae In favor of Lendar, Pollole. .h.1I be written bv .1.101'1 In8\.1reno. companloa
and In auch form as moy be r.a.onablv eooeptable to I.ender, Grontor .h.U dellvar to I.ender certificates of ooverags from each Inaurer
containing a .tlp\.llilltlon that ooverage will not bo cancelled or dlmlnl.hed without a minimum of thirty (30) days' prior written ootloe to
Lender and not containing ony dl.clelmer of th. InS\.lrsr's liability for failure to glva .uoh notloe. Each In.uronee polloy also shell Include an
endor..ment providing that ooverage In favor of lender will not be Imp.lred In .ny way by any oct, oml8slon or default of Grantor or any
other person. Should the Roal Property be located In an area deslgnllted by tho Direetor of the Fllldaral Emergoncy Moneg.m.nt Agenoy as
o spBclol flood "'a:r:ard .re., Gr8ntor agree. to obtain and maintain Federal I"logd Ina\.lranoe, If avallebla. for the full \.Inpeld principal balancQ
of the loen and .ny prior lIena on the property securing the lo.n. up to the maximum policy limit. s.t \.Inder the NatIonal Flood In.ur.noe
Program, or aa otherwlso roqulred by Landar, .nd to mslnt.ln suoh /naurance.for the term of Ih. loan,
Application of Proc.eds. Grantor sh.1I promptly notify I.ender of any los. or damage to the Property If tho o.tlmated ooat of rep"lr or
r.pl.c.m.nt .xo..d. .1,000.00. Lender may mllke proof of loss If Grantor f.lIs to do .0 within fIfteen (16) dillya of the oa.\.Ialty, Whether
or not Lend.r'. .eourlty la Impaired. I.ender may, at Lender'a .rsotlon, r.oelv. .nd retain the procoads of any In.uran08 and apply tho
proceed. to tha reduotlOn of the Indebtedne.s. pllyment of any lion effectIng the Prop.rty. or the reatoratlon and repelr of the Property. If
L.nder eleots to .pply the prooeeda to reatoratlon and ropolr. Grontor .haU r.palr or replace tha damagod or destroyed Improvemanta In a
manner satisfactory to Lender. Londor sholl. upon satisfactory proof of suoh expenditure, payor relmbur.. Gr.ntor from the proceede for
tho rooaonoble co.t of repair or r..tor.tlon If Gr.ntor I. not In default under thl. Mortgage, Any proo.eds which have not boon dlsbursad
within 1 80 dsy. aftar th.lr regelpt and whloh Lender hes not commlttod to tha repair or r..toratlon gf the Property ....011 be uaed flr.1 to pay
any amount owing to Lender undar this Mortgage, than to pay accrued Intere.t, .nd the remainder, If any, .1'1011 be appllad to the prlnglpal
balance of the Indebtednes., If londor holds onv proca.ds .fter p.yment In full of the Indebtedno.s. such proD..d. .hell be paid to Grantor
øs Grontor's IntClreet. may app..r.
LENDER·S EXPENDITURES. If Grantor fails IA) to keep the ProPQrty free of all taxe., lien.. seourlty Interest., oncumbrance., and ather glalms,
IB) to provide any required Inauranco on the PropGlrty, or IC) to mek. repair. to the Property than Lendar may do .0. If eny eotlon or
prooeedlng I. commenced Ihat would mat.rlally aff.Qt Lend.r's rnte....t. In the Property. thon Lender on Grantor's behlllf mllY. b...t la not
required to. take any aotlon that Lender believes to be appropriate to protoct Lender'. Intare.ta. All expenses Incurred or paid by Lender for
such purposes will then bear Intere.t at tho rato chargod undør the Note from the date InC\.Ir...d or paid by LondQr to the date of repayment by
Grantor. All such oxplilnso. will becoma Ð pan: of the Indebt.dne.. .nd. at L.nder's option, will IA) bo payable On demsnd; IB' be .dded to
tha b.l.no. of the Not. and be apportioned .mong .nd b. paY.ble with any Installment payments to bocome due during either 111 the term of
any .pplloable In.\.Irenoa polloy; or 121 the rem.lnlng term of the Nota; or IC) bo troated os 0 bolloon payment whloh will be due and payablo
at the Note's maturity, The Mortgage also will secure payment of t"'oao omount$. The right. provided for In thla parllgraph shall be In addition
to ony ot"'er rights or IIny romodlo. to which londor may be entitled on BDoount of anv defe\.llt, Any such action by londer sholl not b.
Qgn.tn.oed .. ourlng the default 80 a. to bar l.nder from .ny r.medy th.t It oth.rwlse wO\.lld heve had.
WARRANTY; DEFENSE OF TITLe. The following provisions reletlng to ownership of tho Proporty erG a port of thl. Mortgage,
Title. Grantor worront. t"'at: 10' Grantor holds good and marketabl. tltl. of r.ogrd to th. Prop.rty In toe simple. f,e. and clellr of all lions
and .noumbr.noe. oth.r than tho.. ..t forth In the A.al Prop.rty d..orlptlon or In any title In.urance polley. title roport, or final tltla opinion
Issued In favor of. "nd "ooepted by. Lend.r In oonn.otlon with thl. Mortgage. end Ib) Grentor he. tho full right, power. end authority to
ex.cute ond dollver this Mortgagø to Londør,
Dofense of Title. Subjeot to the exoeptlon In the paragraph above. Grantor warrants and will forever dofond the titre to the Property eglllnllt
the lawful claims of all persons, In the event any action or procoedlng III commonced that questions Grantor', title or the InWre.t of I..nder
under thla Mortg"g.. Grsntor .heU defend the action at Grantcr', eXPense. Gr¡lOtor m.y be the nominal party In auch proceeding. but
Lender shall be entItled to partlolpate In the progeedlng and to b. represented In the prooeedlng by counael of Lender's own cholco. and
Grantor will deliver. or cauae to be delivered, to Lender auch Instruments as Lender may requost from time to tlma to permit such
p.rtlolpiltIQn.
Compliance With Law.. Grantor warranta thllt the Property IInd Grantor's use of the Property complies with all existing applicable law..
ordln!lno... ..nd ragulatlons of govørnmontel author/ties,
SurvlvlIl of Proml.a",. All proml..... agreementa. and statemont. Grentor has modo In this Mortgago sholl .urvlve the execution and dellverv
of thl. Mortg.ge. aha II be oontlnulng In n.t\.lr. .nd .hall rem.ln In 11.111 foro. and .ff.ot until .1.101'1 tlm. .. Borrow.r·. Ind.btedn... I. paid In
full.
CONDEMNATION. The following provIsions relating to condomnatlon procl!lodlngs are a part of thla Mortgage:
ProoDodlnge. If any proaeedlng In gondemnatJon I. flied. Grantor .h(¡1i promptly notify londor In writing, and Grontor .hall promptly tako
....oh .tepa ... may be nece.aery to defend the aotlon and obteln the eward, GrantOr may be tha nominal party tn .uch proceeding. but
Lender ah.1I b. .ntltled to participate In the proceeding and to be r.p....nt.d In the proo.edlng by oouns.1 of Ita awn oholo.. end Grantor
will deliver or Qliluaa to be d.llver.d to Lendor auch Instruments and documantatlon .s mey b. ...q\.l.sted by Lender from tlm. to tlm. to
permit such participation,
Appllolltion of N.t Proc.ed.. It all or any part of the Property 18 oondamnad by .mln.nt domaIn proceedlnga or by ony proceodlng or
purcha.e In lieu of oondemnat1on. Lender may at Ita oloctlon require that all or any portion of the net prooe.d. of the award b. applied to
the Indabtedn..s or the repair or re.tor.tlon of the Prop.rty. The nst procGeds of tho award .hall moan the award lifter peyment of all
roa.onable ooeta. .xp.n.... end attorney.' fooa Incurred by Lender in oonn.otlon with the condemnation,
IMPOSITION OF TAXES, PEES AND CHARGE$ BY GOVIõANMENTAL AUTHORITIES. Tho following provlslona relating to governmental ta><e..
IT
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Loan No: 64003433
00'2 t:-9'.1,tí'
.::1 <11....1 ~"'I::it
MORTGAGE
(Continued)
000838
Page 3
fees end charges .ra . part of thlll MOrt"."e:
Current Taxos, P..s and Ch.rgoa. Upon tequest by Londet, Grantor shall exegute such doouments In addition to this Mortgage and t8ka
whatovet othet .otlon Is requested by Lender to porfeot ;md oontlnue Lender's Uen on the Raal Proporty. Gnlntor sholl t.lmburee Lond.t for
011 tux.., as described below, together with oU expenses Incurred In reoordlng, petfeotlng or continuing this Mortgege, Including without
limitation all tOXIIIII, fe.s, documentaty IIt¡¡¡mps, and other charges for recording Or registering thIs Mortgage.
Taxes. Tho following "hall constitute taxes to whIch this section applies: 111 a speolflc tax upon this typo of MOrtg"ge or upon aU <;Ir ¡¡¡ny
part of the Indebtedness secured by this Mortgage; (2) II spaclflc tax on Borrower which Borrower Is authorIzed or required to ded\,lot
from pllyments on the ndebtednas8 secured by this type of Mongage; (3) ;I tex on thlll type of MongagGl ch.rgallble against the Lendllr or
the holder of tho Note; .nd 141 e specific to)( On 1111 or any portion of the Indebtednoss or on payments of prlnOlpal and Inter..t mede by
Borrower.
Subs.qu.nt 'rax.s. If Imy tax to which this seotlon applies I. .n.oted subsequ.nt to the date of this Mortgage, thle ovent .hell have the
..m. e11eot e. en Event of Def.ult, snd Lender mey ,u,ercl... any or all of Its ovall.I;>.. remedlas for an Event of Default as provided below
unless Grantor elthor (1) pays the tllX before It becom.s dellnqullnt, or (2) oonte.ts the tax ø. provld.d .bove In the ....x.. "nd Liens
slIctlon and doposlta with Lender oesh or a sufficient corporllte aurety bond or other eeourity satlsfaotory to Lender,
SECURITY AGRå:MENT: FINANCING STATEM~TS. The following ptovllslons relatIng to thl8 Mongage 118 a slllcutlly sgreement ara a part of
thl" Mortgsgll:
Security Agtoøment. Thl. Instrument shell constitute II Seourlty Agreement to the extent any of the Property constitute. fixtures, and
Lender sh.1I h¡¡¡ve ell of the rights of 0 .ecured p.rty under the Uniform Commerolal Coda as omended from tlmo to time.
Socurlty Intere.t. Upon request by Lendor, Grontor .hall t.ke whatever action Ie requested by Londet to perfeot and continuIII Lender's
seourlty Interest In the Personol Prop.tty. In .ddltlon to recording this Mortgage In the real proplllrtv raoord., Landor moy, et .ny time and
without furthGlt Ðuthotlzstlon from Grantor, file oxccuted counterparts, copies or reproduotlons of this Mortgoge a.. e flnanolng IIItatoment_
Grantor shall reimburse Lendor for all expen..e. Inourred In perfoctlng or continuing this security Intere.t. Upon default. Grontor .h.1I not
removo, saver or dataoh the Pe...onal Property from thø Property. Upon default, Grantor shall ....mble eny Personol Property not eft/xed
to the Prop.rty In . menner and et e placo roolllonub/y oonvenlent to Grantor and Lend.r .nd make It avellebllll to L.nd.r within three (31
d;¡oy. atter regelpt of wrItten damend from L.nd.r to the a><;tent permitted by .ppUc.bl. law.
Addresses. The malflng addrclIsos of Grentor (debtor) and Lender (sccurod party) from which Information conoernlng the security intlllreàt
granted by this Mongago moy be obtained (elloh as required by tha Uniform Commercial Coda) ore .. eteted on the flrllt poglll of thlll
Mortgage,
FURTHSt ASSURANCES: ATTORNEY-IN-PACT. ThGl following provisions relatIng to furthar a..ur.nQes end attornoy-In-faot .r. . Plllrt of this
Mongllge:
Furthor A..urancos. At ony time, end fro.... time to tIme, upon request of L.nd.r, Grantor will meko, ex.outa and deliver, or will couse to
be mad., ex.cut.d or delivered, to Lender or to Lender's daalgn.e, Imd when requasted by Lendar, 01lU8. to be flied, recordod, refll.d, or
rllreoorded, a8 the oa8e may be, at such tlmea ond In lIuch oHlo.a and places as Londlllr may d..m IIIPproprlate, any ond all Quch mortgagell,
deedll of trust, lIocurlty deedlll, seourlty IIIgreements, financing statemlllnt., OontlnUllltlon atatements, Inatruman.., of further allsurence.
oartlfloate., and other doouments a8 may, In the solo opInion of Lender, be necessllry or doslrobl. In Qrder to effectuato, compl.te, petfaot,
continue, or preserve (1) Bortowar's and Gt.ntor'_ obligations under tho Note, thl. Mortgege, end the Rolated Docum.nt_, end (21 the
U.ns and seoutlty Inter..~ grelllted by this Mongage es first and prior lI.ns on the Property, whothor now own_d or hereafter ecqulrod by
Grantor. Unles8 prohibited by law or Landar IIgte8s to the oontrary In writing, Grontot .1'1.11 t.lmburse Lender for all cost. .nd expenses
Incurrod In connection with tha m.tt.rs ref.rred to In this paragraph.
Attorney-in-FaQt. If Grantor falls to do any of tho things teferred to In the preceding paragraph, Lender mlllY do SO for and In tho nama of
Grantor and at Grantor's expense. For such purpo.e., Grlllntor hereby Irrevocably appolnta L.nder 1118 Grantor's attornGly-ln-foct for the
purpose of me king, exocutlng, delivering. flUng, re<;1ordlng, end doing ell othor thlnga aa m.y 1;>. neoeesary or doslrabla, In Lend_r'. 8QI.
opinion, to aOQomplJsh the matters refettOCl to In tho prmc.dlng par.gr.ph.
FULL PERFORMANCE. If Borrower and GrllntOt pay ell the Indebtedness when due, and Grontor otherwise performs all the obllgatlona Impolled
upon Grontot under this MOrtgag., Lend.r 8hell vxeoute and delfvar to Grantot a lIult.ble satisfaction of this Mortgoglll and .uitable atetement.
of termInatIon of sny flnen<;1lng 8tatement on fife evidencIng Landor'a secutlty Interest in tha Rllnts and tho Petllonal Prop.rty. Grantor will pay,
If permitted by appllQable law, any reasonable tormlnatlon fea II. determined by Lender from time to tlmo,
EVENTS OP DEPAUL T. At Lender'. Option, Grantor will I;>eln default under thl. Mortgage If any of the fQilowlng happon:
P¡¡yment Def.ult. Borrower fens to make any paymant when due under the Indebtedness,
Dofau/t on Othor Paymont.e. Follllta of Grantor within the time required by this Mortgoge to make eny payment for taxolI or Inauronce, or
.ny other p.yment n.c....ty to prevent flnng of or to effect dlachargo of ony lien.
Break .other Promises. Borrower or Grantor brooks ony promise milde to Lender or fana to porform promptly lilt the tIme and strictly In thlll
manner provldod In thl8 Mortgogø Ot in any .gr..m.nt r.latllld to this Monsage.
Fa"e Statements. Any repr.sentetlon or st.tement mllde or furnlsh8d to Lender I;>y Borrower or Grenlor or on Botrowar'8 or Grantor's
behalf under this Mongage or the Related Documonts Is faille Or ml.la.dlnl¡l In ."y matllrlel respect, ølther now or et the time made or
furnished.
D.f.otlve Conat.rallz.tlon. "'hls Mort"lIge or any of the Related Documents C008es to be In full fQroe and effect (Including follute of any
oolleteral doo\,lment to oreate a valid and perfectlld .lIcurlty Intoro.t at Jlen) .t ony time IInd for eny reason.
Death Ot In.olv....cy. Thill dlllath of Bortower Or Gr.ntor, the I"solvenoy of Borrower or Grentor, the oppolntment of e reo.lver for any part
of eorrower's or Grantor's prQperty, any esslgnmllnt for tha benoflt of crodltorlll, any type of or.dltor workout, or the commoncomont of
any proceeding under any bankruptcy or Insolvency laws by or ogolnat Bortower Or Gr.ntor.
Tek¡ng of tho Proporty, Any creditor or govornmontal ogQncy ttiell to tuke .ny of th. Property or any other of Borrowor'a or GrOntor'a
propetty In whIch Londor hils a lien, Thlill Includ.1I taking of, gtlmlehlng of or levying on Borrower's or Grontor'. ocoou...ta with ....nder.
However, If Borrower or Gr"ntor disputes In good felth whllther the claim on which tho taking of the Prop.rty I. b.e.d I. valid or
reallonable, and If Borrower or Grentor gives Lend.r written notlco of tho claim ond furnl.ha. Lend.r with monla. or 8 Sl,lrety bond
.lItlsfoctoty to Lendor to lIatlsfy tho claim, thon this dofeult provlelon will not apply,
aroBch of Other Agreement. Any breach by Borrower or Grantor under the terms of any other agreemont betwaen Borrower or Grentor and
Lender that Is not remedied within any grace period provided therein. including without limitation any agreeme.,t oOl'lcernlng any
Indebtedness or othar obligation of Borrowar or Grantor to Londar, whether eXisting now or Jater.
livonts Affoc1lnr¡¡¡ G_rantor. Any of the preolldlng events ooo\,lrs with respect to any guarantor, endorllor, suroty, or occommodotlon porty
(If any of thlll Indebtednoll8 or any guarantor, endorsllr, suroty, or accommodatIon party dlÐa or becomea Incompet.nt, or revoke. or
disputes the validity of, or lI.blllty under. any Guatanty of the Indebtadna.s. In the av.nt of . de.th. Lend.r, tit It. QPtlon, msy. but sh,,1I
not be requlrad to, permit the guarlllntor'. e.t.t. to BBlllume unoondltlonllllly the obligation. srlslng \,Inder the gueranty In a manner
aatlsfoctory to Lander, and, In doing so, cure eny Event of Default.
Inseourity. Lender In good faith bell.ve. Itaelf Insacure.
RIGHTS AND REMEDI&S ON DEFAULT. Upon the oCO\,lrrenQe of eon event of Oef8ult and at .ny time thereatter, Lender, at Lender's option, may
e>c;er<;1ll11e anyone or morGl of tho following rights and remedies, In additIon to any other rights or remedies provided by law:
Aoelllerate Ind.bl.dn.... Lendar ahull have tho right ot Its option without notlco to Grantor to doclaro tho ontlre Indabtedno.s Immodlotoly
duo and payable, Inel\,ldlng eny pr<ilpaymenl p.nalty which Grantor would bo t.qulted to pay.
UCC Romodloll. With respect to all or any psrt of thlll Personal Property, Lend.r ah.1I have ell the right. .nd r.medl.. of a ..cured pattv
under the Uniform Commercial Code.
ColI.ct Ronte. Lender ehall have the right, without notlOIll tD Botrow.t or Grantot, to take po.sillsslon of the Prop.rty, Including during thlll
pendenoy of fOt.olosure, whether judlclol or non·judlclal, Bnd collect the Ren~, Including amounts pa.t due and unpaid, and apply the net
procoods, over and above Lender'" ~osh', IIIg81nst the Indabt.dnasa. In furtharonce of thl. right, Landar may roqulra any tenant or othar
user of the Property to make payments of rent or use fees dlreotly to Lender, If the Rente are oolleoted by lender, than Grantor Irrovocebly
r:
': I:
Loan No: 64003433
"Y'...,... ",S",",,!:..:it'
.vl....n...:a_\,;¡il.::
(Continued)
OOO~39
Page 4
designat.s !..ender as Grantor'. ettorney-In-fact to endorse Instrumants received In payment thoreof In the name of Grantor and to negotiate
the same and colllllot tha proceeds, Payments by tonants or other uso¡'c to lender In reaponse to Londar's demand ahall ".nlsfy the
obligatio!'" for which the payments are made, whether or not any proper grounds for tha demand exlated. lender may axerolse Its rlghta
und.r this subparagraph alther In paraon. by agent, or throu"h 0 rllllo.lv.r.
Appoint Reoelver. Lender aholl have the right to hove.. reoelver appointed to take possession of all or any part of tha Property, with the
power to protoct and presarve the Property, to operate tho Proparty preceding foreolosure or aale, and to collect thllll R.nts from the
Property end apply the proceods, Over IInd 8bove the cost of the receivership, against the Indobtedn.ss, The rocelvar mey serve without
bond If permitted by low. Lelnder's rIght to the appointment of a receiver shall exIst wheth.r or not tho apparent value of the Prr;¡perty
OXCQGldlll the Indebtedness by a lIubllltantllll ..mount, Employment by L.ender shall not dl.qullllfy a pereon from serving as B recalver.
Judicial Foroelosura. L.nd.r mey obtain a Judicial dear.. foreoloslng Grantor'. Int.r.st In sll or any p.rt of the PropCilrty,
NonJudlcIu18.1.. L.nder may foreclo.e Gran,or'. Interest In all or In ony part of the Proporty by non-Judicial salo, and aplilvlf/vaUy by "powar
Qf .ale- or "advertisement and slIle" foreolosure a8 provided by IIItstutlll.
Deflcloncy.Judgment. If Permitted by appllcablo JIIW, L.ndlllr may obtain a Judgment for any deflcloncy rem.lnlng In the IndobtGldne.. du.
to LCilndGlr aftGlr GlpplloatlQn of aU amounts rCilcelved from the ellercl8e of the right" provided In thIs soctlon.
"-liInlllnvy et Sufferaneo. If Grantor ...m.lna In p055eIJslon of tho Property IIIfter the Property Is aold a.. prCJVlded above or Lender oth.rwl5e
becomes ontltlod to po.....lon Qt the Property upon dCilfoult of Grlllntor, Grantor sha/l become a tenant at sufforanoe of Lender or the
purchøaer of ths Prcoperty and 8h811, at Londor's option, .Ith.r (1) pay a reaaonablQ ...nt.1 for the use of tho Property, or (2) vacate the
Property Immediately upon tho dCilmand of l.ndar.
Othar nam.dl.., ....nd.r shall have all other rlghta and rem.dls. provided In this Mortgago or the Notlil or available at law or In equity.
Sale of me Prop.rty. To the extont permitted by appllollble Jaw, eorrower and Grantor h.reby welve any and all right to have the Property
marshallod. In oxerclslng Its right. .nd remedies, L.ender shall bo froe to """ all or limy Plllrt ot the Proporty tog.th.r cor .eparetely, In ono
sBls Or by ..paratlll ..Ie.. lender shall be entitled to bid ut IIny publlo ".Ia on aU or any portion of the Prop.rty.
Notice of Salo. Lender win "Ive Gran'or reo.onable notloe of the tIme and place of any publlO 8ele of the Personal ProPQrty or of the time
aftor which any prlvotoJ ..ala or oth.r Int.ndsd dlspo.ltlr;," of tn. Persona' Proporty Is to b. m.d.. Reasonable notice IIhull m.an notio.
glvQn at IQa.t tlln (10) days before ttle time of the 5ale or disposition, Any slllQ of the Parsonal Property may be mode In oonJungtlon with
.ny ..1. of the R..I ProPlllrty.
Eloetlon of Romodloe. All of Lendor'. rights and remedies will be Qumulatlve and may bo Qxero sed alone or together. An eloctlon by
LendCilr to choolle anyone remedy will not b.r Lender from using any other remody. If LQnder d.old.s to spend money or to perform any of
Grantor's obligations under this Mortg.ge, efter Grentor's failure to do so, that decision by lo.nder will not affect Lander'a right to d.vl.r.
Grantor In default and to exerolsa L.endar'. remadlas,
Attom.ys' Pees; expenll.s. If Lander Instltutlll. any suit or aQtlon to enforce any of thQ terma of thl.. MQrtgllge, loender shall be entltlod to
reVOVlllr .uoh sum .. th. oourt may edJudga reason.b/a as attorneya' foes tit trio I and upon .ny apPlllel. Whether or not any court action I.
"involved. and to the elltent not prohibited by lew, all roollonablQ axpan... L.nd.r Inour. that In Londer'. opinion ore necaaaary .t .ny time
for the protQotlon of Ita Intereat or the anforo.ment of It. right. .haJ' bevome 8 part of the IndcbtCildneas pay.ble on d.mand and ahall bear
Intere.t 8t the Not.. rat. from the dllte of the expenditure until repaid, Expenscs covGrad by thl. p.r.graph Include, without limitation,
however subjeot to any limits undar applicable law, I.ender's roa.onablQ attorneya' fe.. ,md Lendlllr's leg a' expen.es whethor or not there I.
o lowauit, Including reaaonablQ attorneys' faea and expens.. for bsnkruptoy proceedings (Including efforts '0 modify or vaoate any
autometlv stllY or InJunotlon), IIPpaals, and any antlolpated post-Judgment colloctlon lIervlce., the cost of slll8rohlng records, obtaining title
reports (Including foraclosure roports), survoyors' roports, and appraisal fee8 and tltl. Insuranvo, to the elltent pormlttad by oppllcabl. I.w.
Grontor also will pay any court ooats, In addition to all oth.r Sum. ;Irovlç¡i d by law,
NOTICES. Any notlve required to be given under this Mortgag., including without IImltotlon ony notlo. of d.fault and any notice of .eJe shell bo
glvQn In writIng, and sholl bo offoctlve whon actually dollvorod, when aotually reoslv.d by tal.teo.lmil. lunle811 otherwiso requlrod by low), when
deposited with a nationally reoognlzed overnight courier, or, If mailed, when deposltCild In the United Stst.. mall, liS flr8t olase, certified or
regl..tered moll postage prepaid, directed to the oddresses Shown noar the baglnnlng of this Mortga"a. All ooples of notlcee of foreclolluro from
the holder of .ny lien whloh ha. prlor/ty ov.r thl. Monga"e .hall be a.nt to Lendar's addresIJ, a8 shown noar tho beginning of this Monge"e.
Any person m.y ohang. his or h.r eddreslI for notlo.s under thl. Mortgage by giving formul written notlo. to the oth.r PIIIrson or persons,
sPQclfylng that tho purposo of the notico Is to chango tho porson's address. For notloe purpose., Grantor .grees to keep Lender Informed at all
tlm.. of Gruntor'. ourrQnt oddress, Unless otherwise provided or r.qulr.d by law, If th.r. I. more th.n one Grantor, any notlco givon by Londer
to any Gr.ntor I. d..m.d to boo notlo. glv.n to .U Gr.ntor.. It will b. Grentor'. rellPonlllblllty tg taU the othors of '118 notice from Lend.r.
MISCELLANEOUS PROVISIONS. The following ml.veUaneoulI provisions ara 8 part of thIs Mortgago:
Amendm.nts, What I. wrltton In this Mortgago and In tho Reluted Documents I. Gr.ntor'. .ntl... agnll.ment with Lander concerning tho
m.tt.r. oovered by thl. Mortgage, To be effectlv... any chong. or IIImGlndm.nt to thl. Mcortg.g. mu.t be In writing end must be slgnod by
whoever wUI b. bound or obligated by the change or amandm.nt.
Caption Headings, Caption haadln"s In this Mortgage are for convenlanco purposos only and :Ire not to bs us.d tQ Intsrpret r;¡r dlll"n. the
provlslona of thl.. Mongaglll, '
Govornlng Law. This Mortgaga will ba gov.rned by federal law applicable to Lendor and, to tho oxtont not preempted by fed.rlllllow, the
Ie_ of the Stat. of Wyoming without rogard to Its conflicts of law provlalons. This Mortgago has been aceaptBd by L.nde~ In the SI.te of
Wyoming.
Choice of Vonuo. If there Is a lawsuit, Grantor egr..1I upon I.end"r's r.QUe5t to submit to tho Jurl.dlotlon of the courts of L.lncoln County,
St.ts of Wyoming,
Joint and S.verDI Liability. All obligations of Borrower and Grantor under this Mortgage ahall ba Joint and aovoral, and all roforoncoa to
Grantor shell mean a.oh and .Vlllry Grøntor, ond 011 rCilfBroncell to Borrowor shall mQ8n 08ch and 8very Borrower. This meona that each
Grantor slgnln" below Is responsible for all obllgetlom. In thl. Mortg;;lge.
No Walvor by "ender. Grantor und.ratand. Lender will not giva up eny of Lender's rights under thia Mortgage unleslll Lander does 110 In
writing. Tho fact that Lender delays or omit. to exerol.. .ny right will not me.n th.t Lander hils glv.n up that right. If Lend.r doe. agre.
In writing to glv. up one 0' LendQr'a rlghtll, that does not mean Grantor will not have to vomp'y wIth the other provllllon. of thIs Mortgag..
Grantor also und.r.tand. th.t If Lender doell consont to a roquost, that does not mean that Grantor will not have to get L.ender's consent
again if the situation h8ppens again, Grentor further under.tands that Just bocBus8 Lendor consents to ono or mora of Grantor's requasts,
that doe. not milan londer will ba required to 110ns.nt '0 .ny of Grantor's future requ..sts, Grantor waive. pr..llontmant, demand for
payment, prot..t, end notice of dishonor, Grantor wa/vlle all rights of exemption from "xeoutlon or .Imll.r law In the Property, and Grantor
agraB. that the rights of L.ender In the Property under this Mortgago aro prior to Grantor's rl"hts while this Mortgage remains In effeot.
S.verablllty. It Q court finds that any provlslgn of this MonSsg. I. not valid or should not be enfcrcod, thot foct by Itsolf will not meen that
the rest gf thl. Mortg.g. will not bo valid or enforced. Tharetore, a oourt will enforo. the ra.t of the provlalon. of thl. Mong.ge even If 0
provl.lon of this Mortgag. m.y be found to be Involid or unonforcoable.
Merg.r. TherQ sholl bo no mer"er of the Interest or e.tat. or.a,ed by thla MortgagQ with any othor Intoroet or e.tate In the Property at any
tlma held by or for thll banllflt of Londor In any capaolty, without the written OQns",nt of Lender,
8uoco..ol'll and A..lg.... SubJeot to any limitations stated In this Mortg.". on tran.fer of Gr.ntor'. Inter..t, thl. Mortgaga ahall bo binding
upon and Inuro to the benefit of the p.rtle.. thalr succossors and aaslgnll. If ownerehlp of the Prop.rty boooom.. veeted In a pereon other
then Gr.ntor, Lender, without notice to Grantor, m.y deel with Grontor'e aucceseors with referenv. to thlll Mortg.g. .nd the Ind.btedn....
by way of forbear.no. or exten.lon without releasing Grentor from the obligations 0' this Mortgage or liability under the Ind.bt.dn....
Tim. Ie of the l!IIeonee. TIme III c>f thlll ....noa In tho performance of thl. MClrtgag.. .
Walvor of Hom..t.ed exemption. Grantor hereby r.I..... ønd walvos all rlghta and beneflt5 of the hom..taed IIxemptlon laws of the SUIt.
of Wyomln" a8 to all Indebtllldnes. lIacurod by thl. Mortg.glll.
DEFINITIONS. Tho following words .hall h.v. tha following meanings when u..d In thl. Mortgago:
Borrowor, The word "Borrowor" means eARaAFlA A MECHALOY and Includes all Clo-sl"nEtrs Ðnd co·makora 811i1nlng tha Note "nd all thlllllr
suvv...ors ond assl"ns.
~
T
1'- - ,-o-un. Ill. 'tö""M, r- I H~ I ö,..,I'H\
j 307 885 37"^
# 11/ 13
Loan No: 64003433
OG2"--9~·~'1
,.7 .,...lJ ""'1: t
MORTGAGE
(Continued)
OOO~40
Page 5
~
Environmental Laws. The words -Environmental Laws" mean any and 1111 state, federal and local statutes, regulations and ordInances
relating to the protection of human health or the environment, including without IImltlllion the Comprehensive Envlronmentsl Response,
Compensetion, ønd Liability Act of 1980, as amended, 42 U.S.C, Section S601, Bt seq. f"CERCLA"), the Superfund Amendments and
Reauthorization Act of 1986, Pub, L. No. 99-499 ("SARA " , the Ha¡erdous Materlal¡; Transportation Act, 49 U.S.C, Section 1801, et seq"
the Resource Conservation and Recovery Act, 42 U,S.C. Section 6901, at seq., or other applicable slale or federal laws, rules, or
regulatIons adopted pursuant thereto.
Evont of Default. The words "Event of Default" mean any of the events of default set forth In this Mortgage In the events of default
section of this Mortgage.
Grantor. The word ·Grantor" moans BARBARA A M¡;CHALOY and JEFFREY REEVES.
Guøranty. The werd "Guaranty· means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
without IImllation a gueranty of all or parI of the Note,
Hazardous Substancos. The words ·He;:ardous Substances· mean materials that, because of their quanthy, concentration or physical,
chemioal or infectious characteristics, may cause or pose a present or potentilll hazard to human health or the environment when
improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words .Ho.tardoul
Substances· are used In their very broadest sense Bnd inolude without limitation any and a/l hazardous or toxio substances, materials or
westa as defined by or listed under the Environmental Laws, The term "Hazardous Substances" also Includes, without limitation, petroleum
IInd petroleum by-products or any freotlon thereof IInd asbestos.
Improvements. "'he word "Improvements· means all existing IInd future Improvements, buildIngs, structures, mobile homes affixed on the
Aeal Property, facilitIes, additions, replacements and other construction on the Real Property,
Indebtedness. The word ·'ndebtedness· means aU princlpàl, interest, and other amounlS, Casts and expenses payable under the Note or
RelBted Doouments, together with all renewals of, extensions of, modifications of, consolidetlons of and substitutions for the Note or
Related Documents and any amounls expendad or advanoed by Lender to discharge Grantor's obligations or expensB.lncurred by Lender to
enforce Granlor's obligations under this Mortgage, together with Interest on such amounts as provided in this Mortgage,
Lender. The word "Lender· means 1st Bank, itli succeBsors and assigns, The words "SUCCeS80rS Dr assigns" mean any person or
company that acquires any interest In the Note.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender.
Noto. The word ·Note" mean$ the promissory note dated December 28, 2006, in the original principal amount of $20,422.00
from Borrower to Lender, 'together with al/ renewals of, extensions of, modiflcatlone of, refinancings of, consolidations of, and substitutions
for the promissory note or agreement. The maturIty dato of this Mortgage is February 20, 2012.
Porsonal Propotly. The words "Personal Property· mean all equipment, fixtures, and other articles of personal property now or hereafter
owned by Grantor, and now or hereafter attached or affixed to tho Real Property; together with all accessions, parta, and additions to, a/l
replacements of, and a/l substitutions for, any of such property; and together with a/l proceeds (Including without limitation all Insurance
proceeds and refunds of premiumsl from any sale or olher disposition of the Property.
Propony. The word "Property" means collectively the Real Property and the Personal Proporty.
Reill Property. The words "Real Property" mean the real property, Interosts and rights, HS further described in this Mortgage.
Related Documents. The words "Related Documents· mean all promissory notes, credIt agreements, loon agreements, environmental
agreements, guaranties, security agreemonts, mortgagøs, deedll of trust, securitY deeds, collateral mortgages, and BII other Instruments,
agroements and documents, whelher now or hereafter existing, executed in connection with the Indebtedness.
Ronts. The word "Rents" means ail present and fUlurø rent$, revenues, Income, issues, royalties, profits, and Qther benefits derived from
the Property.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE. AND EACH GRANTOR AGREES TO ITS
nRMS.
GRANTOR;
~~~
S RS RA A MEC ALa J
'~~
~, ES z)::".-')
INDIVIDUAL ACKNOWLEDGMENT
STATE OF
¡J~_
.
(!~
I
) SS
)
COUNTY OF
On this day before me, the unders]gned Notary Public, personally appeared BARBARA A MECHALOY and JEFFREY REEVES. to me I\nown to be
the individuals described in and who executod thQ Mortgage, and acknowledged that they signed the Mortgage as their free and voluntary act
and deed, for the uses and PUrpO&e5 thereIn mentioned,
Given under !'Iy h¡md iIJ1d offlCia. I ..~ .:2¡r-tf,
By /:Þn/~~ K ~~~
Notary Public in and fut the State of N tll.1.f1~¿;__
day of ~L ~ g ~"YJ b..1...
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.~ONDAL.ONO~TO
. Notary Public Slate . Nwoda
No, 96-4963.1
,My appt. exp. Oct. 23, 2008 !
ROGER J. eOll!8
COUNTY OF
LINCOLN
\ ·~~.~~~;,~~~·~t
NOTARY PUBLIC
STATE OF
wYOMING
MY COMMISSION EXPIRES JANUARY 29 2008
~'
092S94"~"
000541
LEGAL DESCRIPTION
EXHIBIT 'A'
Order No: 60 I 0615422
Beginning at a point in the East bounda..y line of the No..theast Quarter of the
Southeast Quarter of Section 6, Township 30 North, Range 118 West of the 6th P.M.,
Lincoln County, Wyoming, that is 60.00 feet South from the Northeast corner of said
Northeast Qua..ter of the Southeast Quarter; and, ..unning thence West parallel to the
North boundary line of said Northeast QUaIier of the Southeast Quarte¡·, 1,317.00 feet,
more or less, to a point in the West boundary line of said Northeast Quarter of the
Southeast Quarter that is 60 feet South of the Northwest corner of said NOI·theast
Quarter of the Southeast Quarter;
thence South along said West boundary line 599 feet;
thence East pamllel to said North boundary line, 1,317.00 feet, more or less, to said East
boundary linc;
thence North along said East boundary line, 599 feet, more or less, to the point of
beginning.
LESS AND EXCEPT the land described in Wa....anty Deed recorded .Janua..y 5, 1977
in Hook 132PR on page 561 of the records of the Lincoln County Clerk.