HomeMy WebLinkAbout874251
-
RECORDATION REQUESTED BY:
FIRST NATIONAL BANK-WEST-AFTON BRANCH
P.O. BOX 1620 '
314 WASHINGTON STREET
AFTON, WY 83110
-
f~EC~J\lED
LlNCCLJ.J COUNTY CLERK
74251
0'1 !I'l '9 r"~"l ?I")8
,J~ -L. fl' .1;,... t.~
WHEN RECORDED MAIL TO:
FIRST NATIONAL BANK-WEST-AFTON BRA
P.O. BOX 1620
314 WASHINGTON STREET
AFTON, WY 83110
--~
.<i~ai\..~ -OF-"~
'i~i~ M~~t~;age r~))
, ",'~ ~,_ 8' >>\jRT~~tE~ J
Sf{ a&llL..~:"" /
ON LA'" ./1 ;
PM' ,,,' I
~--:----- ---
I j'- l\" ' ~ ,(- \ ,. I i'" II E'~ Fl
l :. ,'" I "~I .~ L !.1 ',' ,I' ,~I, I,J ,\'~ - "\
I\EMMEF\EH. 'N'tO!\iIING
SEND TAX NOTICES TO:
RAY NICHOLSON and BARBARA J. NICH
PO BOX 3156
ALPINE, WY 83128
BOOK 4~'';2.PR PAGE 6 8 ~
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MORTGAGE
THIS MORTGAGE IS DATED JUNE 20,2001, between RAY NICHOLSON and BARBARA J. NICHOLSON, husband
and wife, whose address Is PO BOX 3156, ALPINE, WY 83128 (referred to below as "Grantor"); and FIRST
NATIONAL BANK-WEST-AFTON BRANCH, whose address is P.O. BOX 1620, 314 WASHINGTON STREET,
AFTON, WY 83110 (referred to below as "Lender").
GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to Lender all of Grantor's right, tille, 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, located
in LINCOLN County, State of Wyoming (the "Real Property"):
Lot 2 of the Moreno Subdivision, Plat No. 532542, Lincoln County, Wyoming as described on the official
plat thereof.
The Real Property or its address is commonly known as 115086 HWY 89, Alpine, WY 83128.
Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all 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.
DEFINITIONS. The following words shall have the following meanings when used in this Mortgage, Terms not otherwise defined in this Mortgage shall
have the meanings allributed to such terms In the Uniform Commercial Code. All references to dollar amounts shall mean amounts in lawful money of
the United States of America.
Credit Agreement. The words "Credit Agreement" mean the revolving line of credit agreement dated June 20. 2001, between Lender and Grantor
with a credit limit of $16,000.00. together with all renewals of, extensions of, modifications of, refinancings of, consolidallons of, and
substitutions for the Credit Agreement.
Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described below in the Existing Indebtedness seelion of this
Mortgage,
Grantor. The word "Grantor" means RAY NICHOLSON and BARBARA J. NICHOLSON. The Grantor is the mortgagor under this Mortgage.
Guarantor. The word "Guarantor" means and Includes without limitation each and all of the guarantors, sureties, and accommodation parties In
connection with the Indebtedness.
Improvements. The word "Improvements" means and includes without limitation 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 and interest payable under the Credit Agreement and any amounts expended or
advanced by Lender to discharge obligations of Grantor or expenses Incurred by Lender to enforce obligations of Grantor under this Mortgage,
together with interest on such amounts as provided in this Mortgage. Specifically, without limitation, this Mortgage secures a revolving line
of credit, which obligates lender to make advances to Grantor so long as Grantor 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 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 above and any intermediate balance.
Lender. The word "Lender" means FIRST NATIONAL BANK-WEST-AFTON BRANCH, its successors and assigns. The Lender is the mortgagee
under this Mortgage.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender, and includes without limitation all assignments and security
interest provisions relating to the Personal Property and Rents.
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 allached 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 ~ncluding 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 property, Interests and rights described above In ttie "Grant of Mortgage" section.
Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, 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, royallies, profits, and other benefits derived from the
Property.
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ALL OBLIGATIONS OF GRANTOR UNDER THIS
MORTGAGE AND THE RELATED DOCUMENTS. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor shall pay to Lender all amounts secured by this Mortgage
as they become due, and shall strictly perform all of Granlor's obligations under this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's possession and use of the Property shall be governed by the
following provisions:
Possession and Use. Until In default, Grantor may remain in possession and control of and operate and manage the Property and collect the
Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance
necessary to preserve its value.
Hazardous Substances. The terms "hazardous waste," "hazardous substance," "disposal," "release," and ''threatened release," as used in this
Mortgage, shall have the same meanings as set forth in 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.
~ ~
06-20-2_
Loan No 64002427
('I. j;," ~"'1 I'!I ~ jI C<1
"J d '-t!,f..... ,,,j "
~]AGE
(Continued)
G~
Page 2
Section 6901, et seq" or other applicable state or Federal laws, rules, or regulallons adopted pursuant to any of the foregoing. The terms
"hazardous waste" and "hazardous substance" shall also include, without limitation, petroleum and petroleum by-products or any fraction thereof
and asbestos, Grantor represents and warrants to Lender that: (a) 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 waste or substance by any person on,
under, about or from the Property; (b) Grantor has no knowledge of, or reason to believe that there has been, except as previously disclosed to
and acknowledged by Lender in writing, (i) any use, generation, manufacture, storage, treatment, disposal, release, or threatened release of any
hazardous waste or substance on, under, about or from the Property by any prior owners or occupants of the Property or (ii) any actual or
threatened litigation or claims of any kind by any person relating to such matters; and (c) Except as previously disclosed to and acknowledged by
Lender in writing, (i) 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 waste or substance on, under, about or from the Property and (Ii) any such activity shall be
conducted In compliance with all applicable federal, state, and local laws; regulations and ordinances, including without limitation those laws,
regulations, and ordinances described above, 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 a(1d 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 waste and hazardous substances. Grantor hereby (a) 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 (b) 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 of a hazardous waste or substance on the properties. The provisions of this section of the
Mortgage, including Ihe obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaclion 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 porllon of the Property. Withoulllmiting the 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), soil, gravel or rock products without the prior written consent of Lender,
Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without the prior written consent of
Lender. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements salisfactory to Lender to replace
such Improvements with Improvements of at least equal value,
Lender's Right to Enter. Lender and its agents and representatives may enter upon the Real Property at all reasonable times to attend to
Lender's interests and to inspect the Property for purposes of Grantor's compliance with the terms and conditions of this Mortgage,
Compliance with Governmental Requtrements. 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 regulallon and withhold compliance during any proceeding, including appropriate appeals, so 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 sallsfactory to Lender, to protect Lender's interest
Duty to Protect. Grantor agrees neither to abandon~ nor 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 its option, declare Immediately due and payable all sums secured by this Mortgage upon the
sale or transfer, without the 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 therein; 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-opllon 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 Real Properly Interest. If any Grantor is a corporation, partnership or limited liability company, transfer also
includes any change in ownership of more than twenty-five percent (25%) of the voting stock, partnership interests or limited liability company interests,
as the case may be, of Grantor. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Wyoming law.
TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are a 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 all liens having priority over or equal 10 the interest of
Lender under this Mortgage, except for the lien of taxes and assessments not due, except for the Exisllng Indebtedness referred to below, and
except as otherwise provided in the following paragraph,
Right To Contest. Grantor may withhold payment of any tax, assessment, or claim in connecllon with it good faith dispute over the obligation to
pay, so 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 reasonable attorneys' 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 salisfactory 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 comrT!enced, 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 ~nd 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 at any time become 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 for the full unpaid principal balance of the loan, up to the maximum
poilcy 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 its election, 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 defaull 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.
Unexpired Insurance at Sale. Any unexpired Insurance shall Inure to the benefit of, and pass to, the purchaser of the Property covered by this
Mortgage at any trustee's sale or other sale held under the provisions of this Mortgage, or at any foreclosure sale of such Property,
C~mpllance with Existing Indebtedness. During the period in which any Existing Indebtedness described below is In effect, compliance with the
insurance provisions contained in the instrument evidencing such Existing Indebtedness shall constitute compliance with the insurance provisions
under this Mortgage, to the extent compliance with the terms of this Mortgage would constitute a duplication of Insurance requirement If any
proceeds from the insurance become payable on loss, the provisions in this Mortgage for division of proceeds shall apply only to that portion of
the proceeds not payable to the holder of the Existing Indebtedness,
EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Mortgage, including any obligation to maintain Existing Indebtedness
....
~
- - -
aLU ,{q amSOIOaJOI 'UO!ss!wlad s,lapualln041!M 6UmaMp a41 uo Ua!IBIO UO!IBal:J '6U!IIaMp a4110 alBS 10 all!1 10 lalSUB11 'luno:J:JB alii uo sIqBII suoslad
liB 10 41Bep 'seXBI ,{Bd 01 81nllBI '6U!II8Mp 8.4110 asn a^!I0nllSep 10 alsBM 'souBmsul pSl!nbal U!'eIU!BW 01 sln/!l1l 'aldwBxs JOI 'epnlOU! UBO S!4.1 "l11lel11IlOO
a41 U! S146!J s,lapuel JO lunoooB 8U!1 I!PSJO 841101 IBJ81BII00 a41 sloell11 ,{18SJa^pB UOllOBU! 10 UO!lOB S,JOlUBJ9 (o) 'lunoooBaU!I l!peJO e41 jO SUllel
luew,{l1deJ a411aaw IOU seop lOIU11J9 (q) "UO!l!PUOO 111IOUBU!1 S,JOlUBJ9 jO SIo8dsBla41o AU11 10 'Se!I!I!qBiI 'slessB 'awoou! S,JOIUBJ9 lnoqB luawalBls
eSIBI B 'aldwBxa JOI 'apnlOU! U'eO S!4.1 'lunoooB eUII l!pal0 e41 41!M uOlloeuuoo U! eW!l ,{UB IB UO!ll1IUeSaJdaJs!w IB!lelBW B Sa'>1BW JO pn'ell SI!WWOO
JOlU'e19 (B) ;al511l5jJolIII S!411apun (..lIn11jSa jO IUa^3..) IlnBlap 10 Iua^e UB elnmSUOO IIB4s 'lepuello uO!ldo 8411B 'I5U!MOIIOI e4110 40e3 . J.l"":l30
"SW!I 01 eW!1 wOl11epusl ,{q paU!WJelep SB aSI uO!leU!Wlel elqeuoseel Aue 'Mel elqBO!ldde Aq pell!WJed
j! 'Aed Jl!M JOluel!:) 'AjJadOld IBUOSJed 8,41 pue SIUel:l e41 ul IsalelU! Alpnoes S,JepUel BU!OUep!M alII uo luawelelS 6u!oUeU!1 Aue 10 UO!IBU!Wlel 10
SluewelelS elqBl!nS pUB e6B6110V'j S!41 jO UO!IOejS!les alqel!ris B JOIueJ9 01 J9^!Iep pUB elnoexe 1I'84S lepuel 'el5'861JOIIII S!41 Jepun JOIU'8J9 uodn pesodw!
SUO!11l6!1qo e4111B SWJOlled as!MJa410 pUB 'lunoo:'Jll eU!lI!peJO e41 S8111Ulwlal 'enp ua4M ssaupalqapul a4111B sAed lOIU'81ElII '30N"WMO:l);l3d lln:l
'4dllJI511J'ed l5u!paoeJd e41 ul 01 paJJeleJ SJelreW a41 4S!ldwOOOB
01 'uo!u!do alos S,JepUal U! 'alqBJ!Sep JO AJessaoau aq ABW Sll sBu!41 Ja410 liB 6UIOP pUll 'Bu!pJooaJ 'BUII!I '6upe^!lap 'Bu!ln09Xa '6U!'>1BW jO
9sodJnd 94110110el-ul-,{eUJOlle S,JOIUBJ!:) S9 lepuel SlU!odde ,{lqBOOMlll ,{qaJeLl JOIUllJEl 'sesodmd LIons 10:1 "9suedxa s,101UelElIll pUB lOlUB1El
10 aweu a41 U! pUB JOj OS op ABW lepual 'LldllJ611Jlld 6u!paoaJd eLlI U! 01 peJJeleJ s6UI41 aLII 10 AUB op 01 slIel JOluelEl II "loe,:l-ul-AauJon"
"4dllJ61ilJ11d S!41
U! 01 paJJajaJ SJellBW aLII LlI!M UO!IOaUUOo U! paJmou! sesuedxa pUll SISOO lie JOj JepUel eSlnqW!el lIeLls JOIUllJEl '6uIl!JM UI18puel ,{q AJllJlUOO e41
01 peeJ6ll 10 Mel M pallq!LlOld ssalUn 'lOIUl!JEl Aq paJ!nboe JallllSla4 JO paUMO MOU JaLlle4M 'AjJedold a41 uo eBl!6jJolI\I S!41 ,{q paleeJO SISaJSIU!
Al!moes pUll suell e41 (q) pUll 'sluawnOoa pelelel:l a41 pu~ 'aBBBjJoV'j S!LlI 'luewse16V l!peJ:) e41 Jepun JOlUllJ!:)10 SUO!l1l6!1qo e41 (e) al\JasaJd
JO 'enU!lUOO 'loajJed 'eleldwoo 'elenloaue 01 JepJO ul alq'91!Sap JO AJllSSaOeu eq 'JepUSl 10 Uo!u!do elOS eLlI U! 'AllW se Sluewnoop le410 pUll
'SalllO!j!jJeo 'eouemsse JeLllmllO SIUaWnJISU! 'SIUeWal'91S uOllenU!lUOO 'SluewelelS 6UPUllU!1 'SluaWaeJBll Alpnoe5 'speap ,{I!Jnoes 'ISnJllO spaap
'sal5el5jJOW LIons lie pUB AUB 'elBpdoJddll waap Aew JapUal Sll seoe)d PUl! sao!jjo 40ns U! pUll saw!! LIons III 'eq ,{IlW aseo aLII se 'pepJ009JeJ
JO 'pellleJ 'pepJ009J 'pem aq 01 esneo 'JapUel ,{q palSenbaJ ueLlM pUB 'eeu6!sap s,JepUal 01 JO JepUSl OI,'paJe^lIap JO palnoaxa 'apew
eq 01 esneo II!M JO 'Je^!lep pUll alnoaxa 'e'>1ew II!M JOIUllJ!:) 'JapU8110 ISanbeJ uodn 'SW!l 01 awn W011 pUB 'aW!l ,{ue IV 'sa:JUlunss" Ja4IJn:l
. 'al51115110V'j
S!4110 IJ'ed 9 aJll 101l1-U!-AeuJOlIB pUll saOUllmsse JaLljJnl 01 6UIlllleJ SUO!S!^oJd I5U!MOIIOj e4.1 ".10":t-NI-A3N);I0.1l", ~S30N");InSS" );I3J.JH:tn:l
'e6'8B1101111 SI4110 e611d 15J!1 e41 uo palelS St! aJe '(epo:) IBIOJeWwo:) WJOI!Un aLII Aq pSJ!nbaJ S1I 4011a} paU!lllqo aq AllW e6116110~ S!41 Aq pelUllJB
ISSJSlU! All1nOeS e41 6u!uJeouoo uOIIt!W10IUI 4014M WOJI '(AI111d pemoes) lepusl pUB (JOlqap) JOlUB1El 10 ssssaJppe I5UlI!llW S4.1 "sassaJpp"
. "Jepual WOJj pUBwap UelllJM 10 ld!aoaJ JaljB MBp (e:) SeJ41 U141!M JapUel 01 elqsl!ll^e
I! a'>1ew pue JapUel pUll JOlUBJEl OIIUe!Ue^uoo AlqlluoSBeJ eOllld lllll pUB JaUuew II U! Al1adold IBUOSJ8d a41 alqwesse IIBLlS JOIUeJEl 'llnelap uodn
'ISaJeIU! Alpnoas S!LlI 6u!nu!luoo JO BU!lOeIJad UI peJJnOU! sasuedxa 1I11 JOI Jepual esmqw!aJ 1I114S JOlUBJ8 "IUaWelelS BUIOUllU!1 II 511 aBllBpoV'j
S!41 10 SUO!lonpoJdaJ JO saldoo 'sjJBdJelUnOO palnoaxe alii 'JOIUllJEl WOJI UO!lllZIJ04In11 JeLljJnl In041lM pUB eWll AUB Ie 'Aew JapUal 'spJooeJ
,{padoJd l'9ElJ aLII UI aB1l6poVIJ S!LlI Bu!pJooeJ 01 UO!lippe UI 'AjJadoJd l'9UOSJad pue slual:! aLII U! ISaJeIU! All1nOeS s,Jepuel enu!lUOo pue IOejJed
01 JepUSl Aq pelSsnbeJ sl uOlloll J8L110 Ja^eIBLlM e>\Bl pUll sluew81111s fiU!OU11U!1 elnoexa 1I114S JOlUBJ8 'JepUal Aq ISenbaJ uodn 'ISsJalUI AlIJnoas
'ewll 01 eW!1 WOJI pepuewB SB spo:) le\OJaWwo:) WJOI!Un e41 Jepun ,{jJed pemoas e 10 Sl4BI1 e41 10 1I11 a^B4 IIB4S JSpual pUB 'ApedoJd
leUosJed Ja410 JO samlX!l salnlllsuoo ApadoJd e4110 ,{Ull lualxa a41 ollUaWaaJBB All1nOe5 '9 alnlllsuoo 1I114S IUaWnJISUI S!4.1 'luawsaJ6" ^IIJnOas
'e611151JOVIJ
S!4110 IJlld II aJB IUeWaaJBB All1nOeS II Sll el5Bl5jJOVIJ S!LlI 01 BU!llllaJ suo!s!MJd BUIMOIIOI eLl.1 'S.1N3W3J.".1S ElNION"NI:I ~J.N3W33);1D" A111:ln:)3S
'Japuel OI,AJOIOBIS!ll!S ,{lI1noas J8410 JO puoq Alelns elBJodJoo lue!o!lIns e JO LlSllO JapUel 41!M sl!sodep pUll UO!lOeS
suell pUB seX'B.1 e41 U! S^OqB pap!^OJd SB Xlll e41 slsaluo:J (q) JO 'Iuenbu!lap sawooaq I! 8JOIsq xel aLII SAlld (B) Ja41le JOIUSJ8 ssalun MOleq
pap!MJd se Ilnlllea 10 lUe^3 Ull JOI selpaWaJ alqelle^t! Sl! 10 1I11 JO AUll SS!OJSX8 kew J8pual pUll '(Moleq paU!lep Sll) llm/laa 10 IUa^3 Ull Sll 10SIIS
eWllS eLlI a^eLl 1I114S lUa^a S!41 'e6e61101111 sI4110 alllp e41 olluanbasqns pelOeue 51 sa!lddll UO!lOaS S!LlI 40!4M 01 Xlll ,{Ullll 'saxe.1luanbasqns
'JOIUBJEl Aq epllW ISeJeIU! pue led!oupd 10 SIU8WAlld uo JO ssaupelqapul 8L1110 UOlPod AUB 10 1I11 uo X'Bl ollloads II (p) pUB :lueWaaJBV
l!paJ:). a4110 JapI04 e41 JO JapUal a41 ISUI1l611 alq11afiJllLl:J el511BpoV'j jO adAI S!41 uo XBl e (o) :eBllBpoV'j 10 adAI SI41 ,{q peJnoas ssaupalqepul
a41 uo sluewAed WOJllonpep 01 paJ!nbaJ JO peZ!J04lnll SI JOlUBJEl 40!4M JOlUllJEl uo Xlll O!I!oeds II (q) ~al5el5jJOV'j SILlI Aq pamoes SS8upalqapuI aLII
10 plld AUll JO lie uodn JO aBe6110V'j10 ed^! SI41 uodn Xel O!I!oads B (e) :sa!lddll uOlloas SILll 40!LlM 01 saxel alnlllsuoo lIe4s BUIMOIIOI eLl.1 'saxeJ.
'e6116jJolIII sl41 6u!JaIS!6el JO 6UIPJO::leJ JOI sa6Jtl40 Ja410 pUB 'sdwBls N'Cluewnoop 'sael 'saxel
lie UO!lel!W!llnOLlI!M BUlpnlOUI 'e6eBl1oVIJ S!LlI 6U!nU!lUOo JO BU!lOaIJad 'Bu!pJooeJ U! peJJnOU! sasuadxa lie LlI!M Ja41e601 'Molaq paqposap se 'saxel
1I11 JOI JepUal eSJnqw!aJ lIeLlS 101UllJE) ',{jJedoJd Illal:! eLlI uo ue!l S,JepUel enU!lUOO pue 10elJed 01 JapUel Aq pelSanbaJ S! uOlloe laLlIO JeMl1l4M
e>\lll pUll aB'961JOIIII Sl41 01 UOlllPPt! UI Sluewnoop 40ns alnoaxa lIe4s JOlueJEl 'JepUel Aq ISanbeJ uodn 'SS6JR40 pUR SSS:I 'saxeJ. IUSJJno
:a696po l1li S!4110 jJlld II aJB Se6JB40 pUB
seal 'saxBllelUaWUJeMB 01 6U!lBI9J suo!S!I\oJd 6U!M01I01 e4.1 'S3I.1I);IOH.1n" 1"lN3WN);I3^OD AS S3Dl:I"HO ON" S33:1 'S3XV.1:l0 NOl.1lSOdll\l1
"uo!ledIO!jJBd 40ns I!WJed 01 eW!I 01 eW!l WOJll! Aq palSanbaJ eq ABW SB SIUewnJlsu! 40ns Jepual 01 peJe^!!ep aq
01 asnllO JO Je^!lep II!M JOIUeJEl pUll 'eO!OLlO UMO sl! jO 18sunoo Aq Bu!peaooJd a41 UI pelUeseJdaJ eq 01 pue Bu!paaopJd eLll UI ellldlOllJBd 01 pallllue
eq 1I114S J8puellnq 'l5ulpae:JoJd 40ns U! AjJBd leU!WOU S41 sq ABW JOIUllJEl 'pJllMB eLlI ulBlqo'puB UO!lOB e41 puelap 01 Mllssaoau eq ,{BW $11 sdals
LIons a'>1el AlldwOJd IIBLlS JOIUllJEl pUll 'fiu!I!JM U! JapUal NllOU AlldwOJd IIll4S JOlUBJE) 'palll S! uOlleuwepuoo ul BYlpeaoold AUll II 's6UIPssOOJd
'UO!llluwapuo:J a41 41!M UO!IOaUUOo U! JepUel Aq peJmou! saal ,sAeuJOllll pUll
'sesuedX9 'SlsOO Blql!uoseaJ liB 10 luawAed Jellll pJllMB S41 ueew II11LlS pJllMll aLII 10 speeooJd lau 8L1.1 'AIJadoJd eLlI 10 UO!lIlJOISaJ JO JllldaJ a41 )0
sseupelqepul e41 01 pe!ldde aq pJeM'9 aLII 10 speaooJd leu S4110 UOIPod Au'll JO lie 11141 el!nbel UO!IOBI8 sl! Ie Aew JapUal 'UO!lBUWepUoo 10 ne!l U!
aS1140md JO 6U!pa800Jd Aut! Aq JO sBu!ps~oOJd u!ewop lUaU!We ,{q peuwspuoo sl AjJedoJd a41 10 jJed AUB JO 1113 II 'spaaOOJd IaN jO UO!lROlldd"
'eB1l6IJOVIJ SI4110 jJ13d 13 aJll ApadoJd aLII 10 uOlleuwspuoo 01 BU!lelaJ suo!s!MJd BUIMOIIOI e4.1 "NOI1"NW30NOO
'JapUal 10 luesuoo UelllJM JOl1d e41lnOLlI!M IUaWaeJ6e AllJnoas 40ns AUll Jepun SaOUll^pe emlnl AU11ldeooll JOU ISanbeJ JaLllleu IIll4S JOIUeJEl
'JepUallo Iuasuoo Uall!JM 10l1d a411nOLll!M paMaUaJ JO 'pepuelxs 'papuewll 'paYIPow sllUaWsaJ611 IllLlI LlO!LlM Aq aB1l5110VIJ SILlI JaM AI!Jopd seLl
40!4M luaWeaJBt! Alpnoas Ja410 JO 'ISnJllO peap 'e611BjJow Aue 10 Jepl04 a41 41!M IUaWeeJBll AU13 Olul lalue IOU II11LlS 10lUllJEl 'UOIll!OIJlPOW ON
"SSeupalqapU! 40ns JOI sluewnoop
AlImoes AU11 Japun llnlllep Aue JO 'sseupslqepul LIons Bu!OUep!M SIUawnJIsul 8L11 Japun llnlllep AU13 'ss9upelqep\l! LIons uo IlnBlap ,{Ull lua^aJd
01 pue sseupalqapul 6UllS!X3 aLII '10 luewAlld eLlI 01 sas JO 'Aed 01 SaaJ611 pue SIUllUSMO AISSaJdxe JOIUlllEl "OO'OOO'9~$ 10 lunowB ledloupd
IllU!Bpo a41 UI S! pUll vO"evS'€~$ AlalllW!XoJddlllO eouBIl!q Illd!oupd IUeJmO B Sll4 UO!leBllqo 6u!IS!Xa a4.1 "spJooeJ oHqnd ,{luno:J UIOOUIlIO ~9~
e6ed uo l:ld~e:v '>100S UI 666~ 'v eunr palllp UllOI e6e61JO~ :Sll psqposap '>1UllS Alpnoas ISJ!.::l 01 g,U ~€~e:o~e 10 Jaqwnu Iunoooll Ul! 41!M UO!leB!lqo
6UIlS!Xa ue 10 luewABd 6upnoas ueH a41 01 JO!JaIU! pUll Mllpuooas eq ,{IlW sseupelqepul a41 Bupnoes al5e6poV'j S!LlIIO ua!l a4.1 "Uan 6UIIS1X3
'aBllBpo~ S!LlIIO ped II eJl! (..S$sUpelqapuII5U!lS!X3.. e41) SssupslqepU! BU!ls!xa BU!UJeouoo SUO!5!MJd 6U!M01I01 eLl.1 'SS3N03J.S30NI ONI.1SIX3
"Sa!l11041nllll!IUeWUJeMB 10 SUO!llllnBeJ pUll 'saoueulPJO
'SMlll alqllO!!ddll l5u!IS!Xa liB 41!M se!ldwoo ,{jJedoJd a41 10 asn S,JOIUllJE) pUll ApadoJd aLII leLlI SIUllJlllM JOIUllJEl 'sMel 1I1!M souendwo:)
'UO!IBdIO!lJlld 40ns I!WJad 01 aW!I 01 aWll WOJllSenbsJ Aew JapUel SB SIUeWnJISU! 40ns Jepuel 01 'peJe^!Iap aq 01 asnllO
JO 'Je^!lap II!M JOIUllJEl pUll 'aO!OLlO UMO S,JSPU9110 lesunoo Aq Bu!peeooJd eLlI UI pSluesaJdaJ aq 01 pUll Bu!paeooJd 941 U! ell!d!o!jJlld 01 pall!!Ue
eq lIeLls JepUel Inq '6u!pee:'JoJd 40ns UI ,{IJed IllUIWOU e41 eq AllW JOIUeJEl 'asuedxe S,JOIUllJE) III UO!lOll aLII puejep lIeLls JOlUaJE) 'a6e6poVIJ
S!41 Japun JapUello ISaJalU! eLlI JO all!! S,JOIU1!lJEl suo!lsenb 11141 peouawwoo S! l5u!pseooJd JO UO!1013 AUllIUa^a eLllul 'suoSJed 1I11 jO sW!elO InlMlll
e411SU!l!6B AjJadoJd a41 01 all!! e41 puelap Je^eJOIIIIM pUll SIU11JJllM JOIUllJEl 'e^oqe 4dllJ611Jlld a41 U! uO!ldaoxe a41 ollOafqns '8111.1 JO aSU8J80
'JapUal 01 e6l!6pOVII slLll Ja^IISp pUll alnoaxa 01 AI!JOLllnll pUll 'JaMod '14Bp
IInje41 seLl JOIUeJEl (q) pUll 'e6l!BlJOVIJ SI41 411M UOlloauuoo U! lSPUSl ',{q paldao011 pUll '10 JOMI U! penss! uo!u!do ell!lIBull JO 'IJodaJ all!l ',{OHod
eOUBmSUI ellll ,{ue U! JO MOleq UOlloas ssaupalqapul 6U!lS!X3 aLII U! JO UOlldl1osap ,{jJadoJd Illal:! a41 U! 411011es es041 U1!l41 JS410 SaOUllJqwnoue
pUB sueH liB jO JllelO pUll eeJI 'eldw!s eal U! AjJedoJd eLlI 01 pJooaJ 10 all!l elqllle>tJeW pUll pooB SPIOLl JOIUeJEl (B) :11l41 SIUllJJBM JOIUllJ!:) "SIll.1
'aB'9l5poV'j S!4110 pBd II eJB ,{pedOld 84110 d!4SJaUMO 01 fiU!lelaJ SUO!S!Mld BUIMOIIOI e4.1 "31J.I.1:l0 3SN3:130 ~A.1N");Il:I"M
"PB4 e^B4 PlnoM as!MJeLlIO I! lllLlI
ApawaJ ,{Ull WOJI JapUal Jeq 01 Sll os llnlllep a41 6upno se panJISUOO eq IOU 1I114S JepUel Aq uO!loe LIons AuV 'llnlllap aLII 10 Iunoooe uo pellllUS aq ,{l!w
Jepual 40!4M 01 ss!peweJ AUB JO SI415!J Ja410 AUll 01 uO!l!ppe U! eq II11LlS 4deJBeJBd S!41 U! JOI paplMJd Sl4BI1 a4.1 'slunowe asa4110 luewABd aJnoes
II!M OSle aBlll5jJolIII SI4.1 '^!pnll!W s,lUaWseJBv IlpaJ:) aLII III elqBA1!ld pUll enp eq 111M LlO!4M IuawAed uoollaq e sa peleeJI eq (o) JO 'IUeWeeJ6V llpeJ:)
a41 10 WJel 6U!U!llWeJ aLII (!!) 10 ,{o!lod eOUllJnSUI a)qeo!lddll AUlllO WJel eLlI (!) le41le 6upnp anp awooeq 01 sluawAed luewllelsul AUll 41!M alqeAlld
aq pUll 6uowe pauOIlJoddll eq pUll eUlIlIpeJo 84110 eoueleq eLll 01 peppe eq (q) 'puewep UO alqll,{t!d aq (ll) II!M 'UO!ldo S,JapUall1!l 'sasuedxe
LIons IIV 'JOIUllJEl Aq IuaW,{lldaJ 10 alep e41 01 JepUal ,{q P!Bd JO paJmou! alllp a41 WOJI IUaWeeJBv l!paJ:) eLlI U! JOI pep!MJd alllJ a411B ISeJelul Jllaq
, 111M I5UIOP os U! spuadxs Japuellll411unowB AuV "Slll!JdOJddl! swaep Jepuall1l41 uOlloe ,{Ull a'>1l!1 '01 paJlnbeJ eq IOU II1!lLlS Inq ',{ew IIe4aq S,JOlU'9J9 uo
JapUSl ',{pedoJd aLII UI SISaJeIU! s,Japualpalle ,{lIepal'9W PlnoM leLlI paouawwoo S! Bu!paaooJd JO UO!IOll AUll I! JO, 'Molaq peJ!nbaJ S9 6UIPUllIS po06 U!
lrra..... t a6ed
0. (~9
(panu!luo:>)
3DVDIHOW
a17C;00179 ON ueOl
~t. !:~~ ~~tl ~!J.:{O lOOC;-OC;-90
~
06-20-2~
Loan No 64002427
o ~~r;:I t~~ ~'i1.
I\~AGE
(Continued)
69~
Page 4
holder of another lien, or the use of funds or the dwelling for prohibited purposes.
RIGtfTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter but subject to any limitation In the
Credit Agreement or any limitation in this Mortgage, Lender, at its option, may exercise anyone or more of the following rights and remedies, In addition
to any other rights or remedies provided by law:
Accelerate Indebtedness. Lender shall have the right at Its option without notice to Grantor to declare the entire Indebtedness immediately due
and payable, including any prepayment penalty which Grantor would be required to pay.
UCC Remedies. With respect to all or My part of the Personal Property, Lender shall have all the rights and remedies of a secured party under
the Uniform Commercial Code. .
Collect Rents. Lender shall have the right, without notice to Grantor, to take possession of the Property. Including during the pendency of
foreclosure, whether Judicial or 'non-judicial, and collect the Rents, including amounts past due and unpaid, and apply the net proceeds, over and
above Lender's costs, against the Indebtedness. In furtherance of this right, Lender may require any tenant or other user of the Properly to make
payments of rent or use fees directly to Lender. If the Rents are collected by Lender, then Grantor irrevocably designates Lender as Grantor's
attorney-in-fact to endorse instruments received in payment thereof In the name of Grantor and to negotiate the same and collect the proceeds.
Payments by tenants or other users to Lender in response to Lender's demand shall satisfy the obligations for which the payments are made,
whether or not any proper grounds for the demand existed. Lender may exercise its rights under this subparagraph either In person, by agent, or
through a receiver.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Properly, with the power to
protect and preserve the Properly, to operate the Properly preceding foreclosure or sale, and to collect the Rents from the Property and apply the
proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond if permitted by law.
Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Properly exceeds the Indebtedness by a
substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver.
Judicial Foreclosure. Lender may obtain a judicial decree foreclosing Grantor's interest in all or any part of the Property.
NonJudicial Sale. Lender may foreclose Grantor's interest in all or in any part of the Property by nonjudicial sale, and specifically by "power Of
sale" or "advertisement and sale" foreclosure as provided by statute.'
Dericiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the Indebtedness due to
Lender after application of all amounts received from the exercise of the rights provided In this section.
Tenancy at Sufferance. If Grantor remains in possession of the Property after the Properly is sold as provided above or Lender otherwise
becomes entitled to possession of the Properly upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of
the Property and shall, at Lender's option, either (a) pay a reasonable rental for the use of the Properly, or (b) vacate the Property immediately
upon the demand of Lender.
Other Remedies. Lender shall have all other rights and remedies provided in this Mortgage or the Credit Agreement or available at law or in
equity.
Sale or the Property. To the extent permitted by applicable law, Grantor hereby waives any and all right to have the property marshalled. In
exercising its rights and remedies, Lender shall be free to sell all or any part of the Property together or separately, in one sale or by separate
sales. Lender shall be entitled to bid at any public sale on all or any portion of the Property.
Notice or Sale. Lender shall give Grantor reasonable notice of the time and place of any PUbliC sale of the Personal Property or of the time after
which any private sale or other intended disposition of the Personal Property is to be made. Reasonable notice shall mean notice given at least
ten (10) days before the time of the sale or disposition.
Waiver; Election or Remedies. 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 rights otherwise to demand strict compliancA with that provision or any other provision. Election by Lender to pursue any remedy shall not
exclude pursuit of any other remedy, and an election to make expenditures or take action to perform an, obligation of Grantor under this Mortgage
after failure of Grantor to perform shall not affect Lender's right to declare a default and exercise its remedies under this Mortgage.
Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Mortgage, Lender shall be entitled to recover
such sum as the court may adjudge reasonable as reasonable attorneys' fees at trial and on any appeal. Whether or not any court action is
involved, all reasonable expenses incurred by Lender that in Lender's opinion are necessary at any I1me for the protection of its interest or the
enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear interest from the date of expenditure unlil
repaid at the rate provided for"ln the Credit Agreement. Expenses covered by this paragraph include, without limitation, however subject to any
limits under applicable law, Lender's reasonable attorneys' fees and Lender's, legal expenses whether or not there is a lawsuit, Including
reasonable attorneys' fees after default and referral to an attorney not a salaried employee of Lender, for bankruptcy proceedings (including efforts
to modify or vacate any automatic stay or injunction), appeals and any anticipated post-judgment collection services, the cost of searching
records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal fees, and title insurance, to the extent permitted by
applicable law. Grantor also will pay any court costs, in addition to all other sums provided by law.
NOTICES TO GRANTOR AND OTHER PARTIES. Any notice under this Mortgage, including without limitation any notice of default and any notice of
sale to Grantor, Shall be In writing, may be sent by lelefacsimile (unless otherwise required by law), and shall be effective when actually delivered, or
when deposited with a nationally recognized overnight courier, or, If mailed, shall be deemed effective when deposited in the United States mail first
class, certified or registered mail, postage prepaid, directed to the addresses shown near the beginning of this Mortgage. Any party may change Its
address for nolices under this Mortgage by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the
party's address. 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, Fornotice purposes, Grantor agrees to keep Lender informed at all times of Grantor's'current address.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. This Mortgage;, together with any Related Documents, constitutes the entire understanding and agreement of the parties as to the
matlers set forth in this Mortgage, No alteration of or amendment to this Mortgage shall be effective unless given In writing and signed by the
party or parties sought to be charged or bound by the alteration or amendment.
Applicable Law. This Mortgage has been delivered to Lender and accepted by Lender In the State or Wyoming. This Mortgage shall be
governed by and construed In accordance with the laws of the State of Wyoming. '
. .
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.
Merger. There shall be no m~rger 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.
Multiple Parties. All obligations of Grantor under this Mortgage shall be joint and several, and all references to Grantor shall mean each and
every Grantor. This means that each of the persons signing below is responsible for all obligations in this Mortgage.
SeverabIlity. If a court of competent jurisdiction finds any provision of this Mortgage to be Invalid or unenforceable as to any person or
circumstance, such finding shall not render that provision invalid or unenforceable as to any other perso-ns or circumstances. If feasible, any such
offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be
so modified, it shall be stricken and all other provisions of this Mortgage In all other respects shall remain valid and enforceable.
Successors and Assigns. Subject to the 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 Properly becomes vested in a person other than Grantor,
Lender, without 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 or 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.
Waivers and Consents. Lender shall not be deemed to have waived any rights under this MOftgage '(or under the Related Documents) unless
such waiver is in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of
such right or any other right. A waiver by any party 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. No prior waiver by LEmder, nor any course of dealing between
Lender and Grantor, shall constitute a waiver of any of Lender's rights or any of Grantor's obligations as to any future transactions. Whenever
consent by Lender is required In this Mortgage, the granting of such consenl by Lender in any instance shall not constitute continuing consent to
......
-
-
-
11AO'l>Zl NTOS10f-l:JIN Q9Z"E:d Q9Z'E:::I COO-AM] "P"^JasOJ '1451J IIV '~UI '. ~1^J'SOJd I::I:J ~OOZ (~) In: 'JeA '"HO '111/"1 V 'led 's'n '6.\,j 'O\,jd \,j3S\fl
As
~
S!:: y) /1'" 6 SaJldxa UOISSIWWO:) Aw
~/ 7:/~ le6ulPISat:l
I U O~' I J7.R71{ 10 Aep
q;
S!lllleaS IUO pue puell Aw Ua^19
'peuolluew U!eJe41 sesodJnd pUll sesn elll JOj
'peep pUll lOB MllIUnIO^ pUll eeJj J!elll Sll e6ll6lJoV\l elll peu6\s Aelllllllll pe6pe1MOU>IOB pUB 'e6e6lJoV\l e41 pelnoaxa OIlM pUB UI paqposap Slenp!A!pU!
elll eq 01 UMOUlf aw 01 'NOS10H:)IN 'r Vt:lVSt:lVS pue NOS10H::>IN AVt:l peJeedde AlleUOsJed 'O!lqnd AH!ION pau6!sJepun elll 'aw aJojaq Allp S!lll uO
PF~N), ,'ONES _~tafy Public
( County of State of
'Lincoln Wyoming
.)~ Commission ExplnM ptllmbef 18, 2003
(' l!::z:J;:o AJ.NnOO
I' :10 31VlS
(
SS(
(
lN311\1e>031MON)I:)V lVnOlAION I
9i[;; ~S10H:)IN T Vl::lV:ds
~7~ .i,r ~l. X
=7 'lfJrli1f
~ ~ X
:1::l01NVt:l9
'SWt:l31
S11 01 S33t:l9V 1::l01NV1::l9 H::>V3 aNY '39V9HiOW SIHl :10 SNOISI^Ol::ld 3Hl llV OV31::1 9NIAVH S39031MON)l:)V 1::l01NV1::l9 H:)V3
'peJlnbaJ S! luasuoo lions aJallM saouBIsulluanbasqns
9 aBed
2.69
(penUIIUOO)
3e>Ve>1I::lOIl\l
T 1[' ")I:m-. , pn
~ ,"",,, -;, t(".1t- lk,.' t'lP4:i I....'i\ { ,
Ll;tll;OOtl9 ON ueo1
~OOl;-Ol;-90
......