HomeMy WebLinkAbout932333
"1111111 ~I\I III II 1I111 1111111111 1\11\ 11111111 II ~I 11111
4965030+1 00426600037868
HALVERSON, W
DEED OF TRUST I MORTGAGE
RECEIVED 8/21/2007 at 11 :20 AM
RECEIVING # 932333
BOOK: 669 PAGE: 475
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
WHEN RECORDED MAIL TO:
JPMorgan Chase Bank, N.A.
Retail loan Servicing KY2-1606
P.O. Box 11606
lexington, KY 40576-1606
000475
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MORTGAGE
MAXIMUM LIEN. The lien of this Mortgage shall not exceed at anyone time $500,000.00.
THIS MORTGAGE dated June 12, 2007, is made and executed between W. STANTON HALVERSON JR, as Trustee
on behalf of THE W STANTON HALVERSON, JR LIVING TRUST DATED 8/23/2004 ,whose address is 250
CROOKED CANYON SPUR, ETNA, WY 83118; and W STANTON HALVERSON, JR, whose address is 250
CROOKED CANYON SPUR, ETNA, WY 83118; MARTHA D HALVERSON, whose address is 250 CROOKED
CANYON SPUR, ETNA, WY 83118 (referred to below as "Grantor") and JPMorgan Chase Bank, NA, whose
address is 1111 Polaris Parkway, Columbus, OH 43240 (referred to below as "Lender").
GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to lender all of Grantor's right, title, and interest in and to
the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
easements, rights of way, and appurtenances; all water, water rights, watercourses and ditch rights {including stock in utilities with ditch or
irrigation rights}; and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas,
geothermal and similar matters, (the "Real Property") located in LINCOLN County, State of Wyoming:
PARCEL ID # 3519-134-00-00~402
THAT PART OF SECTION 13, TOWNSHIP 35 NORTH, RANGE 119 WEST, LINCOLN COUNTY, WYOMING,
DESCRIBED AS FOLLOWS: A STRIP OF LAND SIXTY (60) FEET IN WIDTH WITHIN THE SE1/4 OF SE1/4 OF
SW1/4 OF SAID SECTION 13, THIRTY (30) FEET EACH SIDE OF THE FOLLOWING DESCRIBED CENTERLINE;
BEGINNING AT A SPIKE ON THE SOUTH LINE OF SAID SE1/4 OF SE1/4 OF SW1/4 WITHIN THE BOUNDS
CHOKECHERRY COUNTY ROAD NO. 12-113, N89DEG 15'21"W, 149.27 FEET FROM THE SOUTHEAST
CORNER OF SAID SE1/4SE1I4SW1/4, FOUND AS DESCRIBED IN THE CORNER RECORD FILED IN THE OFFICE
OF THE CLERK OF LINCOLN COUNTY. THENCE N35 DEG 23' 25"E, 97.29 FEET, TO A SPIKE; THENCE
N14DEG 24' 44"E, 155.23 FEET, TO A SPIKE; THENCE N11DEG 35' 16"E, 96.25 FEET, TO A SPIKE;
THENCE NOODEG 21' 44"E, 238.51 FEET, ALONG A LINE PARALLEL WITH AND THIRTY (30) FEET WEST OF
THE EAST LINE OF SAID SE1I4SE1/4SW1/4, TO A SPIKE ON THE NORTH LINE THEREOF; AND THE EAST
SIXTY (60) FEET OF THE NE1/4SE1/4SW1/4 OF SAID SECTION 13 AND THE EAST SIXTY (60) FEET OF THE
E1/2NE1/4SW1/4 OF SAID SECTION 13; AND THAT PART OF THE NW1/4 OF SAID SECTION 13, IDENTICAL
WITH THAT EASEMENT OF RECORD IN THE OFFICE OF THE CLERK OF LINCOLN COUNTY IN BOOK 172 OF
J PHOTOSTATIC RECORDS ON PAGE 313, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST
CORNER OF SAID NW1/4; THENCE NOODEG 21'44" E, 64.09 FEET, ALONG THE EAST LINE OF NW1/4, TO A
POINT; THENCE S45DEG 22'22"W, 119.97 FEET, TO A POINT ON THE SOUTH LINE OF SAID NW1/4;
THENCE S89DEG 36' 41"S, 84.98 FEET, ALONG SAID SOUTH LINE, TO THE CORNER OF BEGINNING; AND
A STRIP OF LAND WITHIN THE NE1/4 AND THE NE1/4SE1/4 OF SAID SECTION 13, WITH THE WIDTHS AS
,.,,' NOTED ON EACH SIDE OF THE FOLLOWING DESCRIBED CENTERLINE, BEGINNING WIDTH BEING THIRTY
(30) FEET EACH SIDE: BEGINNING AT A SPIKE ON THE WEST LINE OF SAID NE1/4, NOODEG 21' 44"E,
38.42 FEET FROM THE SOUTHWEST CORNER THEREOF; THENCE (L 1) N27DEG 45'13"E, 178 FEET, TO THE
PC OF A CIRCULAR CURVE TO THE RIGHT; THENCE (C1) NORTHEASTERLY, 81.85 FEET, ALONG THE ARC
OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 102DEG 42' 52", WITH A RADIUS OF 49.56 FEET AND
A CHORD BEARING OF N 70 DEG 06' 40"E, 77.42 FEET, TO THE PT THEREOF; THENCE (L2) S49DEG 31'
54"E, 184.35 FEET TO A SPIKE; THENCE (L3) S60DEG 11' 20"E, 106.80 FEET, TO THE PC OF A CIRCULAR
CURVE TO THE LEFT; AND CHANGE WIDTH TO 37.86 FEET TO THE LEFT OR NORTHERLY SIDE; THENCE
(C2) NORTHEASTERLY, 289.93 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF
111DEG 15' 18" WITH A RADIUS OF 138.88 FEET AND A CHORD BEARING NORTH 64DEG 11' 01"E,
220.98 FEET, TO THE PT THEREOF, AND CHANG WIDTH TO THIRTY (30) FEET ON THE LEFT OR
NORTHERLY SIDE; THENCE (L4) N06DEG 33' 22"E, 152.34 FEET, TO THE PC OF A CIRCULAR CURVE TO
THE RIGHT; THENCE (C3) NORTHEASTERLY, 97.39 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A
CENTRAL ANGLE OF 119DEG 04' 44", WITH A RADIUS OF 46.86 FEET AND A CHORD BEARING N68DEG
05' 43"E, 80.79 FEET, TO THE PT THEREOF; THENCE (L5) S52DEG 21' 54"E, 309.71 FEET. TO A SPIKE;
THENCE (L6) S83DEG 19' 10" E, 325.11 FEET, TO THE PC OF A CIRCULAR CURVE TO THE RIGHT; THENCE
(C4) SOUTHEASTERLY, 113.23 FEET. ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF
65DEG 22' 09", WITH A RADIUS OF 99.25 FEET AND A CHORD BEARING S50DEG 59' 06"E, 107,19 FEET,
TO THE PT THEREOF; AND CHANGE WIDTH TO 49.10 FEET TO THE LEFT OR NORTHERLY SIDE; THENCE
(L7) S18DEG 17" 01" E, 52.76 FEET, TO THE PC OF A CIRCULAR CURVE TO THE LEFT; THENCE (C5)
SOUTHEASTERLY, 65.80 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF
120DEG 37' 11", WITH A RADIUS OF 42.63 FEET AND A CHORD BEARING S76DEG 38' 37"E, 74.11 FEET,
TO THE PT THEREOF, AND CHANGE WIDTH TO THIRTY (30) FEET TO THE LEFT OR NORTHERLY SIDE;
THENCE (L8) N41 DEG 05' 47" E, 110.44 FEET, TO THE PC OF A CIRCULAR CURVE TO THE LEFT; THENCE
(C6) NORTHWESTERLY, 119.91 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF
93DEG 07' 43", WITH A RADIUS OF 73.77 FEET AND A CHORD BEARING N05DEG 25' 04" W, 107.14
FEET, TO THE PT THEREOF; THENCE (L9) N 52 DEG 01' 56"W, 24.00 FEET TO THE SPIKE OF BEGINNING
FOR CROOKED CANYON SPUR, N81DEG 21' 12"W, 1208.39 FEET FROM THE SOUTHEAST CORNER OF
SAID NE1/4; THENCE (L24) N06DEG 06' 17"W, 158.52 FEET, ALONG THE CENTERLINE OF CROOKED
CANYON SPUR, TO THE PC OF A CIRCULAR CURVE TO THE RIGHT; THENCE (C15) NORTHEASTERLY,
128.46 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 148DEG 53' 59", WITH
A RADIUS OF 49.43 FEET AND A CHORD BEARING N68DEG 20' 42"E, 95.24 FEET, TO THE PT THEREOF;
THENCE (L25) S37DEG 12; 19" E, 316.41 FEET, TO THE PC OF A CIRCULAR CURVE TO THE RIGHT;
THENCE (C16) SOUTHEASTERLY 126.90 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL
ANGLE OF 33DEG 51' 04", WITH A RADIUS OF 213.10 FEET AND A CHORD BEARING S20DEG 16' 48"E,
124.08 FEET, TO THE TERMINUS OF CROOKED CANYON SPUR, MARKED BY A SPIKE ON THE SOUTH LINE
OF SAID NE1/4, S89DEG 36" 41" W, 138.68 FEET, FROM THE SOUTHEAST CORNER OF SAID NE1/4; WITH
THE SIDE LINES OF THE ABOVE DESCRIBED STRIP LENGTHENING OR SHORTENING, TO CREATE A
CONTINUOUS AND CONTIGUOUS EASEMENT, WITH A MINIMUM WIDTH OF SIXTY (60) FEET; THAT LAND
WITHIN THE NW1/4SE1/4 OF SAID SECTION 13, WHICH FALLS WITHIN THIS DESCRIPTION, IS
SPECIFICALLY EXCLUDED; THE BASE BEARING FOR THIS SURVEY IS THE EAST LINE OF THE NE1/4 OF
SECTION 13, T35N, R119W, BEING NOODEG 18' OO"E; EACH SPIKE, :PC", AND "PT" MARKED BY A 3/8"
Loan No: 426600037868
M("I1I,-,AGE
(Continued)
Page 2
X12" STEEL SPIKE AND REFERENCED BY TWO 5/8" X 24" STEEL REINFORCING RODS WITH A 2"
ALUMINUM CAP INSCRIBED, :SURVEYOR SCHERBEL LTD BIG PINEY WY PLS5368", WITH APPROPRIATE
DETAIL; EACH "CORNER" FOUND AS DESCRIBED IN THE CORNER RECORD FILED IN THE OFFICE OF THE
CLERK OF LINCOLN COUNTY; EACH "POINT" MARKED BY A 5/8" X24" STEEL REINFORCING ROD WITH A
2" ALUMINUM CAP INSCRIBED, "SURVEYOR SCHERBEL LTD BIG PINEY WY PLS 5368", WITH
APPROPRIATE DETAILS; ALL IN ACCORDANCE WITH THE PLAT PREPARED TO BE FILED IN THE OFFICE OF
THE CLERK OF LINCOLN COUNTY TITLED "HENRY'S MOUNTAIN LAND TRUST PLAT OF PARCELS AND
EASEMENTS WITHIN SECTION 13 T35N R119W LINCOLN COUNTY, WYOMING", DATED 1 APRIL 1996,
AND REVISED 1 SEPTEMBER 1996.
The Real Property or its address is commonly known as 250 CROOKED CANYON SPUR, ETNA, WY 83118. The
Real Property tax identification number is 3519-134-00-00-402. ono .-,t::.
REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified In the Indebtedness definition, and wltJ¡ouf\nf!t:d'on, this
Mortgage secures a revolving line of credit, which obligates lender to make advances to Borrower so long as Borrower complies with all the
terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the total
outstanding balance owing at anyone time, not Including finance charges on such balance at a fixed or variable rate or sum as provided In the
Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided In either the Indebtedness
paragraph or this paragraph, shall not exceed the Credit Limit as provided In the Credit Agreement. It Is the Intention of Grantor and lender that
this Mortgage secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in this
Mortgage and any Intermediate balance.
Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all present and future leases of the Property and all Rents
from the Property. In addition, Grantor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (A) PA YMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF GRANTOR'S AGREEMENTS AND
OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND
ACCEPTED ON THE FOllOWING TERMS:
GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other law
which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise entitled to
a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a
power of sale.
GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: (a) this Mortgage is executed at Borrower's request and not at
the request of Lender; (b) Grantor has the full power, right, and authority to enter into this Mortgage and to hypothecate the Property; (c) the
provisions of this Mortgage do not conflict with, or result in a default under any agreement or other instrument binding upon Grantor and do not
result in a violation of any law, regulation, court decree or order applicable to Grantor; (d) Grantor has established adequate means of obtaining
from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to Grantor
about Borrower (including without limitation the creditworthiness of Borrower).
PA YMENT AND PERFORMANCE. Except as otherwise provided in this Mortgagé, Borrower shall pay to Lender all Indebtedness secured by this
Mortgage as it becomes due, and Borrower and Grantor shall strictly perform all Borrower's and Grantor's obligations under this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower's and Grantor's possession and use of the
Property shall be governed by the following provisions:
Possession and Use. Until the occurrence of an Event of Default, Grantor may (1) remain in possession and control of the Property; (2)
use, operate or manage the Property; and (3) collect the Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
necessary to preserve its value.
Compliance With Environmental Laws. Grantor represents and warrants to Lender that: (1) During the period of Grantor's ownership of
the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
Substance by any person on, under, about or from the Property; (2) Grantor has no knowledge of, or reason to believe that there has
been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws,
(b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under,
about or from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any
kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither
Grantor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of
or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance
with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Grantor
authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Grantor's expense, as Lender may deem
appropriate to determine compliance of the Property with this section of the Mortgage. Any inspections or tests made by Lender shall be
for Lender's purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Grantor or to any other
person. The representations and warranties contained herein are based on Grantor's due diligence in investigating the Property for
Hazardous Substances. Grantor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the
event Grantor becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnify and hold harmless Lender
against any and all claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer
resulting from a breach of this section of the Mortgage or as a consequence of any use, generation, manufacture, storage, disposal, release
or threatened release occurring prior to Grantor's ownership or interest in the Property, whether or not the same was or should have been
known to Grantor. The provisions of this section of the Mortgage, including the obligation to indemnify, shall survive the payment of the
Indebtedness and the satisfaction and reconveyance of the lien of this Mortgage and shall not be affected by Lender's acquisition of any
interest in the Property, whether by foreclosure or otherwise.
Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to
the Property or any portion of the Property. Without limiting tha generality of the foregoing, Grantor will not remove, or grant to any other
party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior
written consent.
Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without Lender's prior written
consent. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory to Lender to
replace such Improvements with Improvements of at least equal value. .
lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable times to attend
to Lender's interests and to inspect the Real Property for purposes of Grantor's compliance with the terms and conditions of this Mortgage.
Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and regulations, now or hereafter
in effect, of all governmental authorities applicable to the use or occupancy of the Property. Grantor may contest in good faith any such
law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, 50 long as Grantor has notified
Lender in writing prior to doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender
may require Grantor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest.
Duty to Protect. Grantor agrees neither to abandon or leave unattended the Property. Grantor shall do all other acts, in addition to those
acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the
Property.
DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this
Mortgage upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real
Property. A "sale or transfer" means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal, beneficial
or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed,
leasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest ~n
or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real Property. However, this
option shall not be exercised by Lender if such exercise is prohibited by federal law or by Wyoming law.
IVIV.I. '-I.r-'\'-IL.
. -:::1--
Loan No: 426600037868
( Continued)
TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Mortgage:
Payment. Grantor shall pay when due (and in all events prior to delinquency) all taxes, payroll taxes, special taxes, assessments, water
charges and sewer service charges levied against or on account of the Property, and shall pay when due all claims for work done on or for
services rendered or material furnished to the Property. Grantor shall maintain the Property free of any liens having priority over or equal to
the interest of Lender under this Mortgage, except for those liens specifically agreed to in writing by Lender, and exceRt forJbLl.ien of taxes
and assessments not due as further specified in the Right to Contest paragraph. 0004' '"'
Right to Contest. Grantor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the
obligation to pay, 50 long as Lender's interest in the Property is not jeopardized, If a lien arises or is filed as a result of nonpayment,
Grantor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Grantor has notice of the filing,
secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security
satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and permissible fees, or other charges that could accrue
as a result of a foreclosure or sale under the lien. In any contest. Grantor shall defend itself and Lender and shall satisfy any adverse
judgment before enforcement against the Property. Grantor shall name Lender as an additional obligee under any surety bond furnished in
the contest proceedings.
Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall
authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against
the Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or
any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the
work, services, or materials. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor
can and will pay the cost of such improvements,
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Mortgage:
Maintenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended coverage endorsements on
a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application
of any coinsurance clause, and with a standard mortgagee clause in favor of Lender. Policies shall be written by such insurance companies
and in such form as may be reasonably acceptable to Lender. Grantor shall deliver to Lender certificates of coverage from each insurer
containing a stipulation that coverage will not be cancelled or diminished without a minimum of ten (10) days' prior written notice to Lender
and not containing any disclaimer of the insurer's liability for failure to give such notice. Each insurance policy also shall include an
endorsement providing that coverage in favor of Lender will not be impaired in any way by any act, omission or default of Grantor or any
other person. Should the Real Property be located in an area designated by the Director of the Federal Emergency Management Agency as
a special flood hazard area, Grantor agrees to obtain and maintain Federal Flood Insurance, if available, within 45 days after notice is given
by Lender that the Property is located in a special flood hazard area, for the maximum amount of your credit line and the full unpaid
principal balance of any prior liens on the property securing the loan, up to the maximum policy limits set under the National Flood
Insurance Program, or as otherwise required by Lender. and to maintain such insurance for the term of the loan.
Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss if
Grantor fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of any lien
affecting the Property, or the restoration and repair of the Property, If Lender elects to apply the proceeds to restoration and repair, Grantor
shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon satisfactory proof of
such expenditure, payor reimburse Grantor from the proceeds for the reasonable cost of repair or restoration if Grantor is not in default
under this Mortgage. Any proceeds which have not been disbursed within 180 days after their receipt and which Lender has not
committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender under this Mortgage, then to
pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds
after payment in full of the Indebtedness, such proceeds shall be paid to Grantor as Grantor's interests may appear.
LENDER'S EXPENDITURES. If Grantor fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims
(B) to provide any required insurance on the Property, or (C) to make repairs to the Property then Lender may do so. If any action or
proceeding is commenced that would materially affect Lender's interests in the Property, then Lender on Grantor's behalf may, but is not
required to, take any action that Lender believes to be appropriate to protect Lender's interests. All expenses incurred or paid by Lender for
such purposes will then bear interest at the rate charged under the Credit Agreement from the date incurred or paid by Lender to the date of
repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B)
be added to the balance of the Credit Agreement and be apportioned among and be payable with any installment payments to become due
during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Credit Agreement; or (C) be treated as a
balloon payment which will be due and payable at the Credit Agreement's maturity. The Property also will secure payment of these amounts.
The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of
any default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise
would have had. .
WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Mortgage:
Title. Grantor warrants that: (a) Grantor holds good and marketable title of record to the Property in fee simple, free and clear of all liens
and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title opinion
issued in favor of, and accepted by, Lender in connection with this Mortgage, and (b) Grantor has the full right, power, and authority to
execute and deliver this Mortgage to Lender.
Defense of Title. Subject to the exception in the paragraph above, Grantor warrants and will forever defend the title to the Property against
the lawful claims of all persons. In the event any action or proceeding is commenced that questions Grantor's title or the interest of Lender
under this Mortgage, Grantor shall defend the action at Grantor's expense. Grantor may be the nominal party in such proceeding, but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and
Grantor will deliver, or cause to. be delivered, to Lender such instruments as Lender may request from time to time to permit such
participation.
Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Property complies with all existing applicable laws,
ordinances, and regulations of governmental authorities.
Survival of Promises. All promises, agreements, and statements Grantor has made in this Mortgage shall survive the execution and delivery
of this Mortgage, shall be continuing in nature and shall remain in full force and effect until such time as Borrower's Indebtedness is paid in
full.
CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Mortgage:
Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and Grantor shall promptly take
such steps as may be necessary to defend the action and obtain the award. Grantor may be the nominal party in such proceeding, but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own choice, and Grantor
will deliver or cause to be delivered to Lender such instruments and documentation as may be requested by Lender from time to time to
permit such participation.
Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or
purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied to
the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of all
reasonable costs, expenses, and attorneys' fees incurred by Lender in connection with the condemnation.
IMPOSITION OF TAXES. FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes,
fees and charges are a part of this Mortgage:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Mortgage and take
whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Grantor shall reimburse Lender for
all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Mortgage, including without
limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Mortgage.
Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of Mortgage or upon all or any
Loan No: 426600037868
Mvn I ""AGE
( Continued)
Page 4
part .of the Indebtedness secured by this Mertgage; (2) a specific tax en Berrewer which Berrewer is autherized .or required te deduct
frem payments en the Indebtedness secured by this type .of Mertgage; (3) a tax en this type .of Mertgage chargeable against the Lender .or
the helder .of the Credit Agreement; and (4) a specific tax en all .or any pertien .of the Indebtedness .or en paymen~ef principal and
interest made by Berrewer. 00047ð
Subsequent Taxes. If any tax te which this sectien applies is enacted subsequent te the date .of this Mertgage, this event shall have the
same effect as an Event .of Default, and Lender may exercise any .or all .of its ayailable remedies fer an Event .of Default as previded bel .ow
unless Granter either (1) pays the tax befere it becemes delinquent, or (2) centests the tax as provided above in the Taxes and Liens
sectien and deposits with Lender cash .or a sufficient cerperate surety bend .or ether security satisfactery to Lender.
SECURITY AGREEMENT; FINANCING STATEMENTS. The fellewing previsiens relating te this Mertgage as a security agreement are a part .of
this Mertgage:
Security Agreement. This instrument shall censtitute a Security Agreement te the extent any .of the Preperty censtitutes fixtures, and
Lender shall have all .of the rights .of a secured party under the Uniferm Cemmercial Cede as amended from time te time.
Security Interest. Up en request by Lender, Granter shall execute financing statements and take whatever ether actien is requested by
Lender to perfect and centinue Lender's security interest in the Persenal Preperty. In additien te recerding this Mertgage in the real
preperty recerds, Lender may, at any time and witheut further autherizatien frem Granter, file executed ceunterparts, cepies .or
reproductiens .of this Mertgage as a financing statement. Granter shall reimburse Lender fer all ,expenses incurred in perfecting .or
centinuing this security interest. Upen default, Granter shall assemble the Persenal Property in a manner and at a place reasonably
cenvenient to Grantor and Lender and make it available te Lender within three (3) days after receipt .of written demand from Lender.
Addresses. The mailing addresses .of Granter (debter) and Lender (secured party) frem which infermatien cencerning the security interest
granted by this Mertgage may be .obtained (each as required by the Uniform Cemmercial Cede) are as stated en the first page .of this
Mertgage.
FURTHER ASSURANCES; ATTORNEY-iN-FACT. The fallewing pravisians relating ta further assurances and attarney-in-fact are a part .of this
Martgage:
Further Assurances. At any time, and fram time ta time, upan request .of Lender, Granter will make, execute and deliver, .or will cause ta
be made, executed .or delivered, ta Lender .or te Lender's designee, and when requested by Lender, cause te be, filed, recarded, refiled, .or
rerec.orded, as the case may be, at such times and in such .offices and places as Lender may deem apprapriate, any and all such mertgages,
deeds .of trust, security deeds, security agreements, financing statements, cantinuatian statements, instruments .of further assurance,
certificates, and ather decuments as may, in the sele apinien .of Lender, be necessary .or desirable in .order ta effectuate, camplete, perfect,
centinue, .or preserve (1) Barrawer's and Grantar's .obligations under the Credit Agreement, this Mertgage, and the Related Dacuments,
and (2) the liens and security interests created by this Martgage as first and priar liens an the Praperty, whether naw awned .or hereafter
acquired by Grantar. Unless prohibited by law .or Lender agrees te the cantrary in writing, Grantar shall reimburse Lender fer all casts and
expenses incurred in connectien with the matters referred ta in this paragraph.
Attarney-In-Fact. If Grantar fails ta da any .of the things referred t.o in the preceding paragraph, Lender may de sa far and in the name .of
Grantar and at Granter's expense. Far such purpeses, Granter hereby irrevecably appeints Lender as Granter's atterney-in-fact fer the
purpese .of making, executing, delivering, filing, recerding, and daing all ether things as may be necessary .or desirable, in Lender's sale
epinian, te accamplish the matters referred ta in the preceding paragraph.
FULL PERFORMANCE. If Barrawer pays all the Indebtedness when due, terminates the credit line accaunt, and .otherwise perfarms all the
abligatians impased upan Grantar under this Martgage, Lender shall execute and deliver ta Grantar a suitable satisfactien .of this Martgage and
suitable statements .of terminatian .of any financing statement en file evidencing Lender's security interest in the Rents and the Persanal
Praperty. Grantar will pay, if permitted by applicable law, any reasonable terminatian fee as determined by Lender fram time te time.
EVENTS OF DEFAULT. Granter will be in default under this Martgage if any .of the fellawing happen:
(A) Grantar cammits fraud .or makes a material misrepresentatian at any time in cennectien with the Credit Agreement. This can
include, far example, a false statement abaut Barrawer's or Grantar's inceme, assets, liabilities, .or any ather aspects .of Barrawer's or Grantar's
financial cenditian.
(B) Barrewer daes nat meet the repayment terms .of the Credit Agreement.
(3) Granter's actian .or inactian adversely affects the callateral .or Lender's rights in the callateral. This can include, far example, failure
te maintain required insurance, waste .or destructive use .of the dwelling, failure ta pay taxes, death .of all persans liable an the acceunt, transfer
.of title .or sale .of the dwelling, creation .of a seniar lien an the dwelling witheut .our permissien, foreclasure by the halder .of anather lien, .or the
use .of funds .or the dwelling far prahibited purpases.
RIGHTS AND REMEDIES ON DEFAULT. Upen the .occurrence of an Event .of Default and at any time thereafter, Lender, at Lender's aptian, may
exercise any .one .or mare .of the fall a wing rights and remedies, in addition ta any ather rights .or remedies provided by law:
Accelerate Indebtedness. Lender shall have the right at its eptian withaut netice ta Granter ta declare the entire Indebtedness immediately
due and payable, including any prepayment penalty which Grantar wauld be required ta pay.
UCC Remedies. With respect ta all .or any part .of the Persanal Praperty, Lender shall have all the rights and remedies .of a secured party
under the Unifarm Cammercial Cede.
Callect Rents. Lender shall have the right, witheut netice te Berrewer or Granter, te take pessessian .of the Praperty, including during the
pendency .of fareclasure, whether judicial .or nen-judicial, and cellect the Rents, including amaunts past due and unpaid, and apply the net
proceeds, ever and abave Lender's cests, against the Indebtedness. In furtherance .of this right, Lender may require any tenant .or ether
user .of the Preperty te make payments .of rent .or use fees directly to Lender. If the Rents are cellected by Lender, then Grantar irrevacably
designates Lender as Grantor's attarney-in·fact te endarse instruments received in payment thereaf in the name .of Granter and ta negetiate
the same and callect the praceeds. Payments by tenants .or ather users ta Lender in response ta Lender's demand shall satisfy the
abligatians for which the payments are made, whether .or not any proper graunds far the demand existed. Lender may exercise its rights
under this subparagraph either in persan, by agent, .or thraugh a receiver.
Appalnt Receiver. Lender shall have the right ta have a receiver appainted ta take pessessian .of all .or any part .of the Praperty, with the
pawer te pretect and preserve the Preperty, ta .operate the Praperty preceding fareclasure .or sale, and ta callect the Rents fram the
Praperty and apply the praceeds, aver and abave the cast .of the receivership, against the Indebtedness. The receiver may serve withaut
band if permitted by law. Lender's right te the appaintment .of a receiver shall exist whether or not the apparent value .of the Property
exceeds the Indebtedness by a substantial amaunt. Emplayment by Lender shall nat disqualify a persan from serving as a receiver.
Judicial Fareclosure. Lender may .obtain a judicial decree foreclasing Grantar's interest in all .or any part .of the Praperty.
Nanjudlclal Sale. Lender may fereclase Grantar's interest in all .or in any part .of the Praperty by nan-judicial sale, and specifically by "pawer
.of sale" .or "advertisement and sale" fareclasure as pravided by statute.
Deficiency Judgment. If permitted by applicable law, Lender may .obtain a judgment far any deficiency remaining in the Indebtedness due
te Lender after application .of all ameunts received fram the exercise .of the rights previded in this sectien. .
Tenancy at Sufferance. If Granter remains in passessian .of the Preperty after the Praperty is said as pravided abave .or Lender .otherwise
becames entitled te pessessien .of the Property upen default .of Granter, Granter shall beceme a tenant at sufferance .of Lender .or the
purchaser .of the Preperty and shall, at Lender's eptian, either (1) pay a reasenable rental far the use .of the Praperty, .or (2) vacate the
Praperty immediately upen the demand .of Lender.
Other Remedies. Lender shall have all ether rights and remedies pravided in this Martgage .or the Credit Agreement .or available at law .or in
equity.
Sale .of the Property. Te the extent permitted by applicable law, Berrawer and Granter hereby waives any and all right ta have the Property
marshalled. In exercising its rights and remedies, Lender shall be free te sell all .or any part .of the Preperty tagether .or separately, in .one
sale .or by separate sales. Lender shall be entitled ta bid at any public sale an all .or any partian .of the Preperty.
Notice .of Sale. Lender will give Grantar reasenable notice .of the time and place of any public sale .of the Personal Praperty .or .of the time
after which any private sale .or ather intended dispasitian .of the Personal Property is te be made. Reasenable natice shall mean natice
given at least ten (10) days befare the time .of the sale or dispasitien.
·.. '"'. I. I ......'"'"''--...
. ~tJ- -
Loan No: 426600037868
(Continued)
Election of Remedies. All of Lender's rights and remedies will be cumulative and may be exercised alone or together. An election by
Lender to choose anyone remedy will not bar Lender from using any other remedy. If Lender decides to spend money or to perform any of
Grantor's obligations under this Mortgage, after Grantor's failure to do so, that decision by Lender will nOO."'AIA~9 right to declare
Grantor in default and to exercise Lender's remedies. UU4l%
Expenses. To the extent not prohibited by applicable law, all reasonable expenses Lender incurs that in Lender's opinion are necessary at
any time for the protection of its interest or the enforcement of its rights, shall become a part of the loan payable on demand, and shall
bear interest at the Note rate from the date of expenditure until repaid. Expenses covered by this paragraph include, without limitation,
however subject to any limits under applicable law, Lender's expenses for bankruptcy proceedings (including efforts to modify or vacate the
automatic stay or injunction) and appeals, to the extent permitted by applicable law.
NOTICES. Any notice required to be given under this Mortgage, including without limitation any notice of default and any notice of sale shall be
given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise required by law), when
deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or
registered mail postage prepaid, directed to the addresses shown near the beginning of this Mortgage. All copies of notices of foreclosure from
the holder of any lien which has priority over this Mortgage shall be sent to Lender's address, as shown near the beginning of this Mortgage.
Any person may change his or her address for notices under this Mortgage by giving formal written notice to the other person or persons,
specifying that the purpose of the notice is to change the person's address. For notice purposes, Grantor agrees to keep Lender informed at all
times of Grantor's current address. Unless otherwise provided or required by law, if there is more than one Grantor, any notice given by Lender
to any Grantor is deemed to be notice given to all Grantors. It will be Grantor's responsibility to tell the others of the notice from Lender.
Notwithstanding the foregoing, the address for notice for Lender is: JPMorgan Chase Bank, N.A., P.O. Box 901008, Fort Worth, TX
76101-2008.
IDENTITY OF LENDER. Lender is JPMorgan Chase Bank, N.A., a national banking association organized and existing under the laws of the
United States of America, with its main offices located in Columbus, Ohio.
NON-WAIVER. A waiver by any party of a breach of a provision of this Mortgage shall not constitute a waiver of or prejudice the party's right
otherwise to demand strict compliance with that provision or any other provision.
SUPPLEMENT TO PERSONAL PROPERTY DEFINITION. It is the intention of Lender only to take a security interest in and retain a lien on that
personal property considered fixtures under the Uniform Commercial Code as adopted in the jurisdiction where this Mortgage is filed of record as
same may be amended from time to time or such other statute of such jurisdiction that defines property affixed to real estate and no other
personal property.
DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this Mortgage
upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A
"sale or transfer" means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal, beneficial or equitable;
whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest
with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land
trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real Property. However, this option shall not
be exercised by Lender if such exercise is prohibited by applicable federal or state law.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. What is written in this Mortgage and in the Related Documents is Grantor's entire agreement with Lender concerning the
matters covered by this Mortgage. To be effective, any change or amendment to this Mortgage must be in writing and must be signed by
whoever will be bound or obligated by the change or amendment.
Caption Headings. Caption headings in this Mortgage are for convenience purposes only and are not to be used to interpret or define the
provisions of this Mortgage.
Governing Law. This agreement will be governed by and interpreted in accordance with federal law and the laws of the State of Wyoming
except for matters related to: (1) interest and the exportation of interest, which will be governed by and interpreted in accordance with
federal law (including, but not limited to, statutes, regulations, interpretations, and opinions) and the laws of the State of Ohio; and (2) the
validity and enforcement of Lender's security interest in the Property, which will be governed by the laws of the State where the Property is
located. However, if there ever is a question about whether any provision of the agreement is valid or enforceable, the provision that is
questioned will be governed by whichever of the governing state or federal laws that would find the provision to be valid and enforceable.
The loan transaction which is evidenced by this and other related documents has been approved, made and funded, and all necessary
documents have been accepted by Lender in the State of Ohio.
Joint and Several liability. All obligations of Borrower and Grantor under this Mortgage shall be joint and several, and all references to
Grantor shall mean each and every Grantor, and all references to Borrower shall mean each and every Borrower. This means that each
Borrower and Grantor signing below is responsible for all obligations in this Mortgage.
No Waiver by Lender. Grantor understands Lender will not give up any of Lender's rights under this Mortgage unless Lender does so in
writing. The fact that Lender delays or omits to exercise any right will not mean that Lender has given up that right. If Lender does agree
in writing to give up one of Lender's rights, that does not mean Grantor will not have to comply with the other provisions of this Mortgage.
Grantor also understands that if Lender does consent to a request, that does not mean that Grantor will not have to get Lender's consent
again if the situation happens again. Grantor further understands that just because Lender consents to one or more of Grantor's requests,
that does not mean Lender will be required to consent to any of Grantor's future requests. Grantor waives presentment, demand for
payment, protest, and notice of dishonor. Grantor waives all rights of exemption from execution or similar law in the Property, and Grantor
agrees that the rights of Lender in the Property under this Mortgage are prior to Grantor's rights while this Mortgage remains in effect.
Severability. If a court finds that any provision of this Mortgage is not valid or should not be enforced, that fact by itself will not mean that
the rest of this Mortgage will not be valid or enforced. Therefore, a court will enforce the rest of the provisions of this Mortgage even if a
provision of this Mortgage may be found to be invalid or unenforceable.
Merger. There shall be no merger of the interest or estate created by this Mortgage with any other interest or estate in the Property at any
time held by or for the benefit of Lender in any capacity, without the written consent of Lender.
Successors and Assigns. Subject to any limitations stated in this Mortgage on transfer of Grantor's interest, this Mortgage shall be binding
upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person other
than Grantor, Lender, witholJt notice to Grantor, may deal with Grantor's successors with reference to this Mortgage and the Indebtedness
by way of forbearance or extension without releasing Grantor from the obligations of this Mortgage or liability under the Indebtedness.
Time is of the Essence. Time is of the essence in the performance of this Mortgage.
Waiver of Homestead Exemption. Grantor hereby releases ·and waives all rights and benefits of the homestead exemption laws of the State
of Wyoming as to all Indebtedness secured by this Mortgage.
DEFINITIONS. The following words shall have the following meanings when used in this Mortgage:
Borrower. The word "Borrower" means W STANTON HALVERSON JR; and THE W STANTON HALVERSON, JR LIVING TRUST DATED
8/23/2004 ,and all other persons and entities signing the Credit Agreement.
Credit Agreement. The words "Credit Agreement" mean the credit agreement dated June 12, 2007, in the original principal amount
of $500,000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations
of, and substitutions for the promissory note or agreement. The maturity date of this Mortgage is June 12, 2037.
Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response,
Compensation,and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund Amendments and
Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq.,
the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules, or
regulations adopted pursuant thereto.
Event 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" means THE W STANTON HALVERSON, JR LIVING TRUST DATED 8/23/2004 ; W STANTON
Loan No: 426600037868
Mvn I uAGE
(Continued)
Page 6
HALVERSON, JR; and MARTHA D HALVERSON. COO.t\80
Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical,
chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when
improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous
Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or
waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum
and petroleum by-products or any fraction thereof and asbestos.
Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on the
Real Property, facilities, additions, replacements and other construction on the Real Property.
Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Credit
Agreement or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the
Credit Agreement or Related DÔcuments and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses
incurred by Lender to enforce Grantor's obligations under this Mortgage, together with interest on such amounts as provided in this
Mortgage. In addition. and without limitation, the term "Indebtedness" Includes all amounts identified In the Revolving Line of Credit
paragraph of this Mortgage. However. the term "Indebtedness" is subject to the limitations Identified In the Maximum Lien section of this
Mortgage.
Lender. The word "Lender" means JPMorgan Chase Bank, NA, its successors and assigns. The words "successors or assigns" mean any
person or company that acquires any interest in the Credit Agreement.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender.
Personal Property. 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 the Real Property; together with all accessions, parts, and additions to, all
replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance
proceeds and refunds of premiums) from any sale or other disposition of the Property.
Property. The word "Property" means collectively the Real Property and the Personal Property.
Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Mortgage.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived from
the Property.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND EACH GRANTOR AGREES TO ITS
TERMS.
GRANTOR:
THE W STANTON HALVERSON. JR LIVING TRUST DATED 8/23/2004
/h /
"r~
.. Trustee of THE W
IVING TRUST DATED
By:
¡¿ ~{¡L1
X W ST NT ,~ . :LVER "JR. dl~idually
TRUST ACKNOWLEDGMENT
LUANN EPPLER NOTARY PUBLIC
COUNTY OF . STATE OF
LINCOLN wYOMING
MY COMMISSION EXPIRES MARCH 25. 2011
On this / r¡ day of --~..t.:...._____________, 20 (? 2__, before me, the undersigned Notary Public, personally
appeared W. STANTON HALVERSON JR.. Trustee of THE W STANTON HALVERSON. JR LIVING TRUST DATED 8/23/2004 . and known to
me to be an authorized trustee or agent of the trust that executed the Mortgage and acknowledged the Mortgage to be the free and voluntary
act and deed of the trust, by authority set forth in the trust documents or, by authority of statute, for the uses and purposes therein mentioned,
and on oath stated that he or she is authorized to execute this Mortgage and in fact executed the Mortgage on behalf of the trust.
By¥4.4'-(¡;fh/'U R..Id;n,.t ~ LtJY
Not.", pubn, In .nd f~' - t.to of it r <.m; My ,omml..;on .ap".' .y..;zP/ '
STATE OF J¿)~J;""/:_______
COUNTYOF~__________
)
) SS
)
... -... . ......-._-
.. -0- -
Loan No: 426600037868
(Continued)
INDIVIDUAL ACKNOWLEDGMENT
LUANN EPPLER NOTARY PUBUC
COUNTY OF . STATE OF
LINCOLN WYOMING
MY COMMISSION EXPIRES MARCH 25, 2011
On this day before me, the undersigned Notary Public, personally appeared W STAN I UN ON, JR and MARTHA D HALVERSON, to
me known to be the individuals described in and who executed the Mortgage, and acknowledged that they signed the Mortgage as their free and
voluntary act and deed, for the uses and purposes therein mentioned.
Giv.n und" my hand and offl.'al ..a' .h'. ~--L2-_ day of ~~- . 20 P J .
BY~A'< ~/?.J R"~'nga' ~L Ù Ij
No'o,y Publl. 'n and fo,.he . . of 0-r7 My .omm..'on .",,',a ~¿;;; /
STATEOF¡¿Jr~
COUNTY OF~__________
0004Sj.
)
) ss
LASER PRO lendinll, Ver. 5.19.40.0& CDpi'. Hltl'lend Finencl.1 Solution., Inc. 1997, 2007. All Right. Re....ved. - WY/iOH P:\cflbl\1e...rpro\CFI\lPl'GOJ.FC TR-66037868 PR·I01NDEWY