Loading...
HomeMy WebLinkAbout873768 ~ .. , RECORDATION REQUESTED BY: The Jackson State Bank West Office P.O. Box 1788 50 Buffalo Way Jackson, VVY 83001 ,-.'j '-,'1 ':> "I' (~ ,. ,- j ,I 'I C.,." L.I '" .' ,~, ; , , C" !"'.J ,.~" . , t'\' r~ :' ,'l~'/lt/~:" {~ t 'l: (l .'-'1 - ~,~ II) . '-II\; 'I',) /../\1 c.: i)i';~ WHEN RECORDED MAIL TO: The Jackson State Bank West Office P.O. Box 1788 50 Buffalo Way Jackson, VVY 83001 10 l t-:L- {"I'~"!"" ',! Lni\ BOOK@~jR PAGE_&4--+j._ .ii~;t~~~rl' E i: "/>O~'- R- ~p /;/ \-; ","" I .. / -1~. _ /' )/ e h')( .':;J I( -th~ .MQrt E;age \ \ Sf{ aItK~.'~;~-.&f ,-'~TUtrs \~ NIIt o:--J-.-J /, I SPACE ABOVE THIS l FOR RECORDER'S U lV l") ('I: .. 'i)~""J'il:5G SEND TAX NOTICES TO: The Jackson State Bank West Office P.O. Box 1788 50 Buffalo Way Jackson WY 83001 ... MORTGAGE MAXIMUM LIEN, The lien of this Mortgage shall not exceed at anyone time $145,000.00. THIS MORTGAGE dated June 6, 2001, is made and executed between Andy Matz and Joanne Matz, husband and wife, whose address is P.O. Box 353, Teton VlIJage, WY 83025-0353. (referred to below as "Grantor") and The Jackson State Bank, whose address is P.O. Box 1788, 50 Buffalo Way, Jackson, WY 83001 (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 rlghls (including stock In utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property,.l" including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Lincoln County, ;:,tate of Wyoming: The SW1/4 NW1/4 of Section 10, T35N R119W of the 6th P.M., Lincoln County, Wyoming. The Real Property 01' its address is commonly known as County Road 169, Etna, WY 83118. Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all present and future leasElS of the Proporty and all nents 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) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS MORTGAGE. 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 Grantor'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 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 nocessary 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 mlease 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 IlIiyation 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 foderal, state, and lucallaws, 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 cmllle any responsibility or liability on the part of Lender to Grantur 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 c1llims, 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 paymont of the Indebtedness and tho 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 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), 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 Improvenlenls, 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 promptiy 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, 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 satisfactory to Lender, to protect Lender's interest. Duty to Protect. Grantor agrees neitlit:!r 10 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 Lender's option, declare immediately due and paYllhle all sums sGcured 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 - - - ~ : ~,\, 1113 UO!lel!W!llnOLll!M 5u!pnpu! 's5e5lJoV\l S!L1l 5u!nU!lUOa JO Bu!psjJsd '5u!pJoaaJ U! paJmau! sasusdxe lie L1l!M JaLllaBOl 'Molaq paq!JaSSp S\:l 'saxel 1113 JO~ Jepusl ssmqw!aJ IIBLlS JOlUeJ!) 'AlJadoJd IBSl:! eLll uo ue!1 S)apUal anU!lUo:J pUB pS!Jsd Ol JepUal Aq palSanbaJ S! uo!pe JeLllO JeMlBLlM a>\el pUB eBeBl,loV\l S!ljJ OJ uOIJ!PPB U! Sluownoop ljom: elnoexa IIBLls JOlUBJO 'JapU81 Aq l5enbeJ uodn '$a6~li!40 pue saaol 'saxeJ. luaJJno :aBB5jJoV\l S!L11 ~o lJ\:ld B aJe seBmLla pue saa~ 'S8XlllllllU8WUJSAOB Ol BUlleleJ SUO!SIAOJd 5U!MOII0! SLl1. 'S3J.1II:lOH.1mf i\f.1N3I/11Nl::I3^O~ AS S3~I:l\fHO CN\f S33:J 'S3X\f.1:JO NOl.1lSOdl/ll1 'UO!lIlUWSPUO:J sLll L1l!M UO!laeUUOa U! JSPUSl Aq pSJmou! see! ,SAeUJ01l13 pue 'sssusdxe 'Slsoa 81qeuoSllSJ 1I\:l !O luswABd Jeye pJllMll sLll ueaw IIBLls pJ\:lM'B 8L1l ~o SpssoOJd ISU eLl.1 'AlJedoJd aLII ~o UO!I'BJOlSeJ JO J!BdeJ eLll JO ssaupalqspul sLlI ol pe!ldde eq pJBMB aLlllo spss:JOJd leu eLll !O uO!lJod Aue JO 1113 leLll eJ!nbeJ uO!pala sllle AllW Jspuel 'UO!lBUWepuoa !O n811 U! aSBlj::lmd JO 6u!peeooJd i'ius i'iq JO sBu!paaooJd U!BWOP Juaulwe i'iq pouwopuoo s! i'ilJadoJd e4l jO l,lt!d Aut! JO liB II .Bpaa:lo~d IaN 10 UOllli!:llIdd\f 'uo!led!O!jJed L1ans l!wJed Ol aW!l 01 SW!1 WOJ! JepUSl Aq pelsanbeJ sq Aew S'B UO!lBlUSWnoop pUB slu8WnJlSU! L1ans Jepuel ol pSJ8A!18P eq 01 8sne:J JO JeA!lap II!M JOlUBJ!) pUB 'Sa!OLl:J UMO Sl! ~o lesunoa Aq 5u!peeooJd eLll U! palUSS8JdsJ eq 01 pUB Bu!paeooJd eLll U! eledlaljJ'Bd 01 pall!lUe aq lIeLls Japual Jnq 'BUIPSSOOJd L1::lns U! i'il,led leu!wou eLll eq Aew JOlUBJO 'pJBMB e4l U!Blqo pm: uO/loe oljJ pUolap 01 Al9sseoeu aq i'iBW 59 sdeJs LIons e>\Bl AlldwOJd II'BLlS JOIUeJ!) pue 'BU!l!JM UI JepUal i'i!!IOU AlldwOJd II'BLlS JOlU'BJD 'PSIi! S! UO!lBUWepuoo U! BU!P88:JOJd Aue!1 's6u(peeoOJd :aBBfljJol/II S!L1l!O lJBd 13 am SBu!pasooJd UO!lBUWepuoo 01 BUllBlaJ SUO!s!AOJd BU!MOIIO~ eLl1. 'NOI.1\fNI/II30NOO 'IIn~ U! Pled sl sseupslqepul s,JoweJ!) SB eW!1 Lions I!lun lOeue PU'B saJo~ IIn~ U! u!eweJ lIeLls pUB aJnlBU UI flu!nU!luo:J aq lIe4s 'eBBBjJoV\l S!L11 !O i'iJeA!lep pue UO!ln:Jsxs s4l aA!AmS II'BLlS 8BBBjJoI/II S!L1l U! ep'Bw sell JOlueJD sluswalels pue 'SIUSW88JBB 'sss!wOJd II\>' 'seslWOJd 10 leA!AJnS 'SS!lJ1oLllnB IBlUSWUJSA06 jO SUO!l'BlnBeJ pUB 'seaueu!pJO 'SMel alqB:J!ldde flu!lS!Xe 1113 L111M SS!ldWO:J AjJsdOJd eLll !O esn S,JOlUBJD pue AlJsdoJd eLlI IBLlI SlueJJeM JOlU'BJ!) .sMe1 L1l1M aouendwoo 'UO!lBd!o!l,led LIons l!wJed 01 8W!l Ol eWll WOJ! IsenbsJ ABW Jepuel S'B SluewnJlSU! L1:Jns Jepue1 Ol 'peJeA!lep aq 01 ssnBO 10 'J8A!18P 111M JOlUeJ~ pue 'SOIOLlO UMO s,Jepuel jO Issunoo Aq Bu!p88aOJd SLll U! PSlusssJdaJ aq Ol pue 6u!peeaoJd SLll U! eledIO!jJ'Bd 01 pell!lue eq IIBLlS JepUSl lnq '6U!PS8:JOJd LIons U! AjJBd IBU!WOU sLll eq A'BW JOlUeJ!) 'ssusdxe S,JOlUeJ!) Ie uo!pe SLll puejap lIeLls JOlUeJ!) 'eBBfllJOVll S!L11 Japun JepUe1 10 ISeJ81U! SLll JO Sll!l S)OlUeJ!) suo!lsanb leLll psouewwoo S! BU!pas:JOJd JO UO!IOB AUB lueM eLll ul 'SUOSJs.d liB !O SW!'B\O InlMel SLlllSU!B6B AlJedoJd aLII 01 all!l aLII PUS!SP Je^eJo! 111M pUB SIUeJJeM JOlUeJ!) 'eAoqB L1dBJflBJBd eLll U! UOlldeoxe aLII Oll:Js[qns 'amJ. ~O asualac 'JepUal 01 SflB6jJOI/II S!L1l JaA!lep pue elnaaxe Ol i'ilpoLllnB pue 'JeMod '14Bp IInj aLII sell JOlUeJ~ (q) PUB 'aflefljJol/II S!L1l L1l!MUO!peUuoa U! JepUSl 'Aq peldeooe PU'B '10 JOAB! U! penssl uo!u!do ell!lleU!! JO 'lJodeJ Sll!l 'AOllod 80UemSU! all!l AUB U! JO UO!ldp:Jssp AlJedoJd l'Bal:! aLII ul L1lJO! las eSOLll U'BLlI JeLllO SeaUBJqwn:Jue pue SUS!I lie !O Jaelo pUB SSJ! 'Sldw!s SS! U! i'ilJedOJd eLll 01 fJJOOcU jO anll alqela>\Jew pue pool5 sPloLl JOlueJO (e) :lB4J SlUSJJSM JOlueJO 'el~!J. :eBBfljJol/II S!L1l !O l,l'Bd 'B aJe i'ijJedoJd eLll jO d!L1SJeUMO ol flu!lBleJ SUO!s!^oJd BU!MOIIO! SLl1 '31.11.1:10 3SN3:J3C :UN\fl::ll:l\fM 'PBLI aAeLl PlnoM eSIMJeLlIO I! lBLll ApaweJ Aue WOJ! J8PUSl JBq Ol se os lln'Bjep eLlI 6upno se penJlSUOa aq lOll IIBLlS JepUal Aq uOlloB L1ans Au'r;! .un'Bjep AUB !O 1uno:JoB uo pallllus aq Aew JepUel L10!L1M 01 sa!paweJ Au'll JO SlLlBp JSLllO Aue Ol UOI1IPpB U! aq lIeLls L1dBJBeJed SILll U! JO! pSPIAOJd s14Bp eLl1. 'slunowe aseLll !O luswAed emoas II!M OSIB s6e6jJoV\l eLl1. 'Al!JnIBW s,sloN eLllle elqeABd pue enp eq II!M L10!L1M luawAed UOOII'Bq 'B SB palBeJ1 aq (0) JO :eloN eLll !O WJel flU!U!IlWeJ aLII (2:) JO :Ao!IOd eoueJnsu! alqe:JllddB ^ue jO WJel i;:l4l (~) J8L1l!8 Bupnp enp ewooeq Ol sluewAed lUaWIl8lSU! Aue L1l!M slqei'ied sq pUB BUOWB peuo!lJodde aq pUB SlON eLll !O aauBleq aLII Ol peppll eq (8) :puewep uo elqBABd aq ('r;I) II!M 'uo!ldo s,JepUalle 'pue sseupelqapul aLII jO lJed II ewooeq II!M sssusdxa LIons II\>' 'JOlUBJ~ Aq luawAedeJ jO elep aLII 01 JepUel Aq Pled JO paJJn:JU! slep eLll WOJj eloN aLII Japun pa5JllLlO elBJ eljlle lS8JSlU! ~geq ueLllll!M s:as:odmd 40ns JOI JepUf'l i'iq Pled JO peJln~u! sQslJedxa II\>' 'SlSSJ81UI S,J8pU811aS10Jd 01 slepdoJddB 8q 01 SeAS!laq JepU811BLll UO!lOB Aue e)1el 'Ol peJlnbaJ IOU S! lnq 'Aew jl'BLleq S.JOlUBJ~ uo JepUel ueLll 'filJsdoJd eLll U! SlSeJslUl S)epUSlloaUe Allepe1llw PlnoM lBLll paouewwoo S! BUlpeeooJd JO UO!laB Aue jl 'OS op i'iew JepUel ueLll filJsdoJd 8L11 Ol sJ!BdeJ e>\ew 01 (0) JO 'AjJsdoJd sLll uo eaUB1OSU! peJ!nbaJ AUB ep!AoJd Ol (8) 'SW!eIO JaLllO pue 's8:JueJqwnoue 'SlSeJalU! Alpn:Jes 'sue!l 'sexellle JO seJ! AlJedoJd eLll d8S>\ 01 (\>') sl!e! JOlUBJ!)!1 'S31:ln.1ICN3dX3 S,l::I3CN31 'AlJadoJd Lions 10 81BS e1OSOl08JOj AUB Ie JO 'eBBBjJoVll S!L1l jO suo!s!AOJd 8L11 Jepun PlaLl ales JeLllO JO SIBS S,8alSnJl i'iue Ie aBBBjJol/II S!L11 Aq paJeAOO filJedoJd SLll !O JeSBLlOmd eLll '01 ssed pUB 'jO meueq aLII 01 smu! IIBLls eouemsu! p8J!dxsun Au'r;! 'ales 1e aoUeJnsul paJldxeun . Jp.adde i'iew SlSeJ81UI S,JOlUeJD se J01UeJ~ 01 Pled sq lIeLls speaooJd L1:Jns 'sseupelqepul eLll !O IInj U! luewAlld Je>>B spaaooJd Au'll SPIOLl JapU8111 'sssupalqepul eLll jO aauBleq led!oupd eLll 01 pa!ldde eq IIBLlS 'Aue !! 'JepUleWeJ eLll pue 'lSeJelU! panJOO'B i'iBd 01 ueLll 'aBeBl,lol/ll S!L11 Jepun Jepusl Ol l'lU!MO lunowe Aue ABd OllSJ!! pasn eq IIBLls AjJedoJd eLll!O UO!IBJ01SSJ JO J!BdeJ eLll 01 P811!WWO:J lOU sell JepUel L1:J!ljM pue ld!eoeJ J!SLll JaYB SABp 08 ~ U1LllIM p8s1OqS!p ussq lOU aAeLl L1a!L1M spaeooJd Au'r;! 'S6B6jJoI/II S!L11 Japun llnBlap U! lOU S! JOIUeJ!) !I UO!IllJOlSeJ JO J!BdeJ !O Iso:J slqBuoSBeJ eLll JO! spas:JoJd sLl1 WOJ! JOlUeJE) i;:lf:>J114W!8~ JO Aed 'aJnl!puadxa LIons ~o !OOJd AJolOB!S!leS uodn 'lIeLls Jepual .JepUel 01 Alope!S!leS Jeuuew II U! slUaWaAOJdwl peAoJlSep)O psflewep eLll 8aBldsJ JO J!edeJ lIeLls JOlUeJ!) 'J!edsJ pue UOlleJOISSJ 01 speeooJd eLll AlddB 01 sloale JepUel jl 'AjJadoJd sLl1 !O J!lldaJ pUB UO!leJOlSeJ eLll JO 'filJadoJd e4J BU!Joejj13 ua!l i'iUB jO luowi'icd 'sseupalqapul aLII 10 UO!lOnpaJ aLII Ol s:paaooJd eLll Aldde pue a:Juemsu! i'iue !O spaQ~oJd eql U!Ej8J pue 8Alea8J 'UO!lOSle s,JepUalle 'Aew Japuel 'psJ!edWI S! i'ilpnaes S,JSpUSllOU JO JaLllSLlM 'Allensao eLll!O sAep (5~) uae>>!j UILlI!M os op Ol SI!Bj JOlUeJ~ !! SSOI !O jOOJd e>\Bw ABW JapuSl 'Al,ledoJd aLII 01 SflBWBP JO SSOI AUB jO JSPUel A!!loU AlldwOJd IIBLlS JOlUBJD 'speaoOJd 10 UOnea!lddv 'U""OI a41 10 WJEll QLll JOj souBmsul LIons u!elU!eW 01 pUB 'JepUel Aq peJ!nbsJ eS!MJeLllO S8 JO 'WBJ60Jd s:JuBmSUI POOI~ leUO!IBN SLll Jepun las SI!W!1 AO!lod wnw!xew SLll Ol dn 'Ueol eLll flupn:Jas AjJsdOJd eLll uo sua !I JOpd Aue pue ueol Sljl jO e:JuelBq led!ou!Jd p!edun IIn! 8L1l JO~ 'eeJB PJBZBLI pOOlj leloeds 13 UI peleool Sl AlJedoJd SLllleLll Jepuel AQ ueAI5 S! S:J!lOU Jeue sAep 517 U!L11!M 'alqel!ll^e jl 'eoUBmsul pool~ IBJepe~ U!BlU!BW pue U!Blqo Ol SeeJflB JOlUBJ!) 'eSJe PJazBLI POOl! IB!:Jads 13 se AoueB'r;! lueWaBeUeV\l A:JusBJew3 IBJepS~ SLll!O JOlOeJ!O eLll Aq palBufllssP BeJe ue U! pelBool sq AjJedoJd IBel:! eLll PlnoLlS 'uOSJsd JeLllO Au'B JO JOlUBJD !O llnBjep JO UOISS!WO 'l:Je AUB i'iq AeM AUB U! pSJ!Bdw! eq lOU II!M Japusl !O JOASj U! eBBJ8Ao:J lBLll 6U!P!AOJd luewesJOpu8 UB epnl:JU! IIBLlS OSle i'ia!lod aaUBmSU! L10e3 'S:J!IOU L1:Jns SA!B Ol emil'll! JO! i'il!lIqe!l S,JemSU! eLll !O Jaw!eps!p Au'll BU!U!elUUO lOU pue Japual OJ aO!IOU US>>pM Jopd ,Si'iBP (O~) ueJ 10 wnw!u!w B lnOl.jJ!M paljs!u!w!P JO pallooueo aq JOu II!M aB13JaAOO JB4J uOllelnd!lS 13 BUIU!BlUOO Jamsu! L10ee WOJ~ eBllJeAO:J ~o SSleO!!!jJeo JepUel 01 J8A!lSP lIeLlS JOlUeJ!) 'JSPUSl Ol elqllldeooe AlqeuoSeaJ aq Aew SB WJO! LIons UI pUB SS!UBdwo:J S:JUBJnsU! Lions Aq USllpM eq lIeLlS SeIO!IOd 'JepUSl jO JOAe! U! esnBla ss6e6jJow PJBPUB\S 13 L11!M pUB,'esn'BIO eOUBJnSU!Oa i'iue jO UO!le:JllddB PIOA'B 01 lUelO!unS lunOWB ue U! AuedoJd IBal::l SLll uo SlUeWaAOJdwl 1113 flupSAoa 8nlBA elqllJnSUI IIn! aLll JO! slseq lueW8aBldsJ 13 UO SIUaWSSJopue eB'BJeAOO pepualxe pJBpUBlS L1l!M aOuemSU! eJ!! ~O se!o!lod UIBlU!eW pUB sm:JOJd lIeLls JOlUBJ~ 'aoueJnsul 10 eoUeUa1U!el/ll :eBeBlJOV\l S!L11!0 jJed 13 em filJedoJd aLII BU!JnSU! Ol flU!lllleJ suo!s!AOJd BU!MOIIO! eLl1. '30N\fl::lnSNI 3~\>'W\fC A.1I:l3dOl:ld , 'SluaWaApJdw! LIon a jO ISOO aLII Aed II!M pue uea JOlUeJD leLll JepUel Ol AJOlOe!S!leS saouemsse aoueApe JapUel 01 L1SIU101 J8PUel jO lsenbeJ uodn II!M JOIUeJ~ .slepelew JO 'sao!AJes ')1JOM eLll!O luno:J:JB uo palJeSSB eq Plno:J ue!1 JeLllO JO 'USII S,UeWI'B!JSl'BW 'U811 S,a!UeLl:l8W Aus j! 'filJedoJd aLII 01 p8!lddns sm slepe1Bw i'iue JO 'pe4s!uJnI aJe sa:J!A.lSS i'ilre 'rQ~Il1;lIIJUJO:J SI )(JOM i'iue 8JOjeq sA'Bp (g~) USSU!j lseelle Jepusl i'i!!lOU IIBLlS JOlUBJ~ 'UOIl:lnJISUoo lO aalloN . 'Aj.JedoJd 8L11 Isu!eBB SluswsseSSB pUB ssxel SLll !O lU8walBlS USUPM 'B 8W!IAue le JepUel 01 J8A!lap 01 le!O!UO lelUeWUJ8A06 elepdoJdde eLll azpOLllne 11134s pus SJuawssesse JO SaXBj aln JO luawAEd JO aauaplAe AlOl:JBjSlleS JapUel 01 L1s!umj puewap uodn lIeLlS JOlU'BJE) 'luawAed ~O aOuep!^3 'sl'lulpaeooJd IS81UOO SLll U! peLlS!um! puoq Alams AUB J8pUn aaB!lqo leUO\llppe ue SB Jepual eWllU lIeLlS J01UeJE) 'Al,ledoJd 8L111SU!eflB lUSWaOJOjue eJOjsq luew6pn[ eSJeApeAuB AIS!lBS IIBLlS pUB Jspual pue IleSll pU8jap IIBLlS JOlUeJ~ 'lsaluoa Aue UI 'uen 8L11 Japun ales JO 8Jnsola8JOj e 10 llnseu e SB anJ~~e Plnoa JeLll s8BJBLla JSLllO JO 'seej ,SA8UJOUB slqBuOS'BeJ pue SISO:J AUB snld ue!l eLll s6JeLl:JS!p 01 lUe!OlunS lunowe ue U! JepUel 01 AJolOe!S!IBS Al!JnOeS JeLllo JO puoq Alems eleJOdJo:J lUa!O!uns e JO L1sBa JepUel L1l!M llsodap 'Japue1 Aq pelSsnb8J II JO 'US!I SLll!O eBJBLlOS!P aLII SJn:Jas '6u!ll! eLll jO ea!IOU selj JOlU'BJ!) Je>>e sAep (9~) ueeYlj U!L1l!M 'PSI!! sl ue!l B jl 'JO saspe ua!l sLll Jeij'B SABp (5~) ueeYI! U!L11!M IteLlS JOlUeJ~ 'luawAeduou 10 llnSeJ 13 Sll pal!! S! JO sespll ue!l 13 II 'psz!pJedoa[ lOU SI filJadoJd sLll UllSeJelU! S,JepUSl SB BUOI os 'ABd 01 UO!lBfl!lqo eLll JSAO e1nds!p L11!B! poofl 13 L11!M UO!IOSUUOO U! W!BIO JO 'luswssessB 'XBl Aue jO lU<JWi'iliU PloLlljl!M Aew JOlueJO -lseluoo o~ ~46!l::I 'L1deJBBmd ISSIUOO OllLlB!l:! eLll UI pswasds JeLllJn! SB snp IOU SluswssessB pue sexel !O US!I SLll JOj ldeoxe PUB 'JepUBl Aq BU!lPM UI 01 pSSJBe AIIIlOlj!osds suaH SSOLll JO! ldeoxe 'a5e6jJol/II S!L1l Jepun JepUal !O lseJelU! aLll Ol renbe JO J8AO i'ilpopd flu!AeLl SUe!1 Aue!o eSJj }ilJedoJd 8L1l U!elU!BW lIeLls JOlUBJ~ 'AjJsdoJd eLllol paljS!UJrlI II$!J8l\:lW JO pi:uepUSJ s8:J!AJeS JO! JO uo euop >\JOM JO! SW!elO lie enp USLlM Aed lI.eLlS pue 'AlJedoJd aLII !O lunoo:JB uo JO ISU!BflB PS!ASI se5JeLlO aO!AJ8S JeMeS pUB SeBJeLlO J81BM 'Sluswssesse 'seXBlIB!osds 'ssxellloJABd 'saxBllle (Aouenbu!lep 01 Jopd SlueAe 1113 U! pUB) enp ueLlM Aed lIeLls JOlUllJD 'luawAed :s6eBlJOV\l S!L11!0 jJBd SJe AjJedoJd eLll uo SUe!l pue seXB\ eLll 01 BU!lBleJ SUOISIAOJd OU!MOIIOj eLl1 'SN31l ClN" S3X\fi 'MBI Bu!woAM Aq JO MBIIBJep8! Aq pel!q!L1oJd S! sS!OJeX8 LIons !I Japual Aq peS!OJaX8 8q IOU lIeLlS UO!ldo S!L11 'JeAaMOH 'AjJadOJd lesl:! eLll ullSaJSlU! ue jO eOUB^SAUO:J !O pOLllSW JeLllO AUB Aq JO 'filJsdoJd leel:! eLl1 Ol ell!l BU!PIOLl IsnJl puel AUB Ol JO UllSSJalU! lelOljeusq AUB 10 Je!SU'BJl JO 'IUewu5!sse 'eles Aq JO 'lOeJlUOO uondo-aseel '$Jeei'i (E) ai:lJljl UBLll JeleeJ6 wJal 11 L1l!M lSeJelU! PIOLlaseal 'psap JO! pBJlUOO 'lm!JlUoO puel 'IOeJ1UOO eles lUeWIIB\sU! 'peep 'eles lLl6Plno Aq JeLlleLlM :,uelunIOAU! JO AJB\UnIOA Z aBed 01'1 ,J L (panUllUO:>) 3~"~.LI::IOW S!l~r;~f~n BOatZ :ON ue01 - - - ",.- U~3?:i?b8 MORTGAGE (Continued) 21'7 Page 3 Loan No: 23908 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 part of the Indebtedness secured by this Mortgage; (2) a specific tal< on Grantor which Grantor is authorized or requin~d to deduct from payments on the Indebtedness secured by this type of Mortgage; (3) a tax on this type of Mortgage chargeable against the lender or the holder of the Note; and (4) a specific tax on all or any portion of the Indebtedness or on payments of principal and Interest made by Grantor. Subsequent Taxes. If any tax to which this section applisl> is enacted subsequent to the date of this Mortgage, this event shall have the same effect as an Event of Default, and lender may exercise any or all of its available remedies for an Event of Default as provided belOW unless Grantor either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or othm security satisfactory to Lender. SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Mortgage as a security agreement are a part of this Mortgage: Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time. Security Interest. Upon request by lender, Grantor shall execute financing statements and take whatever other action is requested by lender to perfect and continue lender's security interest in the Personal property. In addition to re<.:onJing this Mortgage in the real property records, Lender may, at any time and without further authorization from Grantor, file executed counterparts, copies or reproductions of this Mortgage as a financing statement. Grantor shall reimburse Lender for all expenses Incurred in pertecting or continuing this security interest. Upon default, Grantor shall not remove, sever or detach the Personal Property from the Property_ Upon default. Grantor shall assemble any Personal Property not affixed to the Property in a manner and at a place reasonably convenient to Grantor and Lender and make it available to lender within three (3) days after receipt of written demand from lender to the extent permitted by applicable law. Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party) from which information concerning the security interest granted by this Mortgage may be obtained (each as required by the Uniform Commercial Code) are as stated on the first page of this Mortgage, FURTHER ASSURANCES; ATTORNEY-iN-FACT. The following provisions relating to further assurances and attorney-in-fact are a part of this Mortgage: Further Assurances. At any time, and from time to tirne, upon request of Lender, Grantor will make, execute and deliver, or will cause to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded, refiled, or rere<.:unJed, as the case may be, at such times and in such offioes and places as Lender may deem appropriatp., any and all such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete, pertect, continue. or preserve (1) Grantor's obligations under the Note, this Mortgage, and the Related Documents, and (2) the liens and security interests created by this Mortgage as first and prior liens on the Property, whether now owned or hereatter acquired by Grantor. Unless prohibited by law ur Lender agrees to the contrary in writing, Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to in this paragraph. Attorney-in-Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name of Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints Lender as Grantor's attorney-in-fact for the purpose of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in lender's sole opinion, to accomplish the matters referred tu in the preceding paragraph. FULL PERFORMANCE. If Grantor pays all the Indebtedness when due, and otherwise performs all the obligations imposed upon Grantor under this Mortgage, Lender shall execute and deliver to Grantor a suitable satisfaction of this Mortgage and suitable statements of termination of any financing statement on file evidencing Lender's security Interest in llle Rents and the Personal Property_ Orantor will pay, if pormitted by applicable law, any reasonable termination fee as determined by Lender from time to time. EVENTS OF DEFAULT. At Lender's option, Grantor will be In default under this Mortgage if any of the following happen: Payment Default. Grantor fails to make any payment when due under the Indebtedness. Default on Other Payments. Failure of Grantor within the time required by this Mortgage to make any payment for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien. Break Other Promises. Grantor breaks any promise made to Lender or fails to pertorm promptly at the time and strictly in the manner provided in this Mortgage or in any agreement related to this Mortgage. Default in Favor of Third Parties. Should Grantor default under any loan, extension uf <.:redil, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor's property or Grantor's ability to repay the Indebtedness or Grantor's ability to perform Grantor's Obligations under this Mortgage or any related document. False Statements. Any representation or statement made or turnished to Lender by Grantor or on Grantor's bellalf under this Mortgage, the Note, or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished. Defective Collateralization. This Mortgage or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason. Death or Insolvency. The death of Grantor, the insolvency of Grantor, the appointment of a receiver for any part of Grantor's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor. Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of Grantor's property in which Lender has a lien. This includes taking of, garnishing of or levying on Grantor's accounts with Lender. However, if Grantor disputes in good faith whether the claim on which the taking of the Property is based is valid or reasonable, and if Grantor gives Lender written notice of the claim and furnIshes Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then this default provision will not apply. Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor and Lender that is not remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Grantor to Lender, whether existing now or later. Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the guarantor's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default. Right to Cure. If such a failure Is curable and if Grantor has not been given a notice of a breach of the same provision of this Mortgage within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after lender sends written notice demanding cure of such failure: (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon .as reasonably practical. RIGHTS AND REMEDIES ON DEFAULT. Upon the u<.:<.:umillce of an Event of Default and at any time thereafter, Lender, at Lender's 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 it option without notice to Grantor .to declare the entire Indebtedness immediately due and payable, including any prepayment penalty which Grantor would Uf:l re4ulred to pay. UCC Remedies. With respect to all or any 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 Property 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. - - - ~ .;~ A.JSAOOS8 pUll UO!lllMaSUOO aOJnos88 a41 '"bss la '~oa~ UO!PSS "o.S"n 61> '10'11' UO!lll\.lodsUllJ1 SlllpalllV\l snopJezllH SLlI '("VI::l\fs..l 6617-66 'ON "' 'qnd '986 ~ jO 10'11' UO!lllZpOLllneal::l PUll sluawpuaw\f punJ-ladnS aLII '(,,\flOI::l30,,) .bes la '~096 uo!pas "O"S'n 2:1> 'pepuawe Sll '096 ~ )0 10V AIII!qll!l PUll 'UO!lllSUadwoO 'esuodsAl:J l12luawuOJ!AU3 aA!Su8Lj6Jdwo:) eLj~ uo!~e~!wlI ~nOLl~!M fiu!pnIOU! 'IU8WUoJIAUa aLlI JO Llll12sLl U12Wnt.j jO UOII0810Jd 8111 01 DU!llaleJ ssOUeUIPJO pUe SUO!leln58J 's81nllllS Illool pUll IllJePSI 'allllS IIll PUll AUll UllSW "sMllllllIUSWUOJ!AU3" SpJOM ell1 'SMllllllluewuOJIAU3 'SION eLlI flu/ufl!s Sell!IUe pUll suosJed JSLllO IIll PUll 'Z\IlVII 8UUllOr pUll Z\llVII APU\f SUllaw "JaMOJJ08" pJOM all1 'JSMOJJOg :a5efJ\.loV\l S!lIl ul pasn uallM SflU!UlleW flUIMOIIOj SLlI eAllll IIllllS SpJOM fJU!MOIIOI a41 'SNOI.1INI::I3Q - "efJllfl\.lOVII S!41 Aq paJnoss ssaupalqepullIll 01 Sll flU!WOAM jO allllS allljO sMel uondwaxa pllalsewOLl elll 10 slIJaueq pUll SILl5!J 1I11 saAIllM PUE SASll81aJ Aq<'W;lLj JOIUOJEl "uondwaX3 pealsaWOH 10 JSA)llM .aflllfJ\.lOl^j SllIljO eouewJoJ-lsd aLII U! aoussss aliI 10 SI SW!1 'souass3 allljO SI aWI.1 "ssaupalqsPul SLll Japun Al!I!qll!l JO sflefJ\.lOl^j.SllInO SUO!refJ!lqo SlIl WOJj J01UllJEl flU!SlleISJ InollllM UO!SUeIXa JO aOUllJllaqJOj jO AllM Aq SSaUP81qapul AI.Il pue aflllfll-loV\l S!lIl o~ 80uaJalaJ Lj~!M >.;JOssso:ms S,J01UllJEl lIl!M Illep AllW 'JOIUeJEl 01 aO!IOU jnOlll!M 'JepuSl 'JOIUllJEl ulllll JelllO uosJad II U! pSISSA sawoosq 4ladoJd aliI 10 d!lISJeUMO jl "sufllSSll pue sJOsssoons J!alll 'sa!\.llld aLII 10 l!Isuaq aliI 01 eJnU! pUll uodn flu!pu!q sq IIllllS aflefJ\.lOVII S!lIl 'ISaJalu! S,J01UllJEl 10 JajSUllJI uo eflefJ\.loV\i S!lIl U! pellllS SUO!llll!W!I AUll Olloa!qnS 'su6)ssV pue SJossso:mS "Japual 10 lUSSUOO Uel.lpM slIllnOLlllM 'Allolldeo AUll U! Japual 10 l!lausq slIl JOI JO Aq PISlI eW!1 AUll re 4ladoJd SlIl UI alelse JO IssJalU! JelllO AUll lIIIM afJllD\.lOV\l SllIl Aq pSllleJO ellllss JO ISaJeIU! SlIIjO JaflJsw OU sq lIeLls aJsLI.1 'Ja6JsW .elqllaOJOjUsun JO PIIIlAU! eq 01 punoj sq };IlW aflefljJolf\J SILlI jO UOISIAOJd R )1 USAS SBR6jJol^J S!41 jO $uo!s!AOJd aliI j01SSJ aLII eOJojus /I!M \.lnoo e 'eJOIsJell1 "peoJOjua JO p!leA sq IOU II!M sBefl\.loV\l S!4110 ISaJ slIIIe41 ueaw IOU II!M jlaSl! Aq PRjllllll 'paoJOIUS aq IOU PlnOLls JO P!lIlA IOU sl afJRfl\.lOV\l slLlI jO UO!s!AOJd AuelRlII SPUll \.lnoo R II 'AIIIIQeJSA9S "loslla U! SU!llWSJ efle5\.l0l^j S!lIl SJ!lIM SllIDP s,JOIUeJE) 01 Jopd aJe sflefJ\.lOl^j S!lIl Japun A\JsdOJd eLlI U! JapUel jO SllIflp eln IllLlI sesJB~ JO~U'IlJE) pue '(uo!1r1l.uexe peels9woll aLl~ 'uo!~eIlW!llnOLlI!M 5U!pnl;,JUj) 4lsdoJd sLlI uI Mel JRIlW!S JO UO!lnosxa WOJj uOlldwaxs jO SILlDp lie SaA!eM JOlUeJEl "JOUOllS!P 10 eO!IOU pue 'ISaIOJd 'luswAed JOj puewap 'luaWluSSeJd saAleM JOIUllJEl 'slSanbaJ amln~ S,JOIUllJEl jO Aue olluesuoo 01 paJ!nbsJ eq /I!M JapUSl uesw IOU seop leLlI 'slsanbaJ s,J01UeJEl 10 aJOW JO suo 01 sluasuoo 'Japuel asnRoaq Isn! \IlLlI SPURISJspun JSlIj.Jnj JOIUeJE) "U!efJll suaddllll UO!lenl!S aLllj! U!IlDe IUssuoo s,JapUellafJ 01 a^eLl 10U filM JO)UllJE)It!LlI uesw IOU seop ~IlLlI '~ssnbeJ R 01 IU8SUOO SSop JepUel jllelll SpUlllSJapun OSlll JOIUllJE) "sfJe6\.loV\l S!Lll ~O SUO!S!AOJd JaLlIO elll lIl!M };Idwoo 01 eAeLl IOU II!M JOIUllJEl Ullaw IOU seop Illlll 'Slljflp S,Jepus, jO suo dn SA!D 01 BU!l!JM U! SSJBR saop Japusljl .ILlflp lelll dn uaA!5 sell JSpualllllll uesw IOU IIlM ILlDp Aue sSloJexa OISIIWO JO SAelep Japualle41lOel e41 "5U!IPM U! os seop JSpUS, sselun eflefJj.Jol^j S!lIl Jspun SILlfJp s,JapueljO AUll dn eA!fJ IOU /11M JapUSl spuRlsJapun JO)URJE) 'JapUSl Aq JlMleM ON "a5efl\.lOV\l S!Lll U! SUO!IRD!lqO 1I11 JOj erq!suodseJ SI MOlsq Bu!uB!s JOIUeJEl Lloea Ill41 SUllSW S!41 "JoJueJE) AJaAe pue lIolla Ullew II11LlS JOIUeJE) 01 seousJejaJ lie pUll 'reJaA8S pUll IU!o! aq lIells afJe5\.loV\l S!lIl Jepun JOIUllJEl jO SUO!lllB!!qo 1I\f "Al!I!Qell reJeASS pue lUIOr .BU!WOAM jO elelS 'AlunoO uOIS.1jO s\.lnoo aLlljO UO!IO!pS!m! aLII Oll!wqns ollSenbsJ s,JapuSl uodn saeJfJe JOIUeJEl '1lnsMlll e S! eJS41 jl 'anusA jO s0104~ '6UIwoAM '0 slelS s41 U! JSPU81 AQ P3ldsooe uaaq se4 a6e6\JoW SllI.1 '6u!woAM 10 alelS Sin jO sMel Slll pue Mel IllJapaj 411M ;;lOUlIpJQooe U! pall:udJ8lU! pue /iq pauJaAoB aq 111M S6ll6lJOW SI4.1 'Mel 6UIUJSAOO 'sBefl\.lOl^j S!LlI jO SUO!s!AOJd SLll eUllsP JO laJdJajUl 01 pasn eq 01 IOU aJe pue };IUO sssodmd eOUa!UMUOO JOj aJe eflefJ\JoV\l S!LlI U! sfJulpeaLl uOllde~ 's5uIPeaH uOlldeo 'jUswpuawll JO afJuello elll Aq peieflllqo JO punoq aq 111M JaAeOllM };q paufJ!s aq lsnw pUll flU!l!JM U! sq Isnw sBefl\.lOl^j SllIl Olluswpuawe JO afJu8l10 Aue 'aA!IOSlla aq 01 "afleB\.lol^j S!lIl Aq P8JaAOO SJSl.lew aliI fJu!uJaouoo JSpUel lIl!M IUSwaeJfJe eJ!lus S,JOIUllJD sl sjUewnooa PSlelSI::l aliI U! pUe eflllfJ\.lOV\i S!lIl U! Ual\pM S! leLlM 'SlUSWPUSW~ :atlllfl\JoV\l SllIl ~o \.led e eJll SUO!s!AOJd snoeUlllISos!W BU!MO/lOI ell.1 'SNOISIAOl::ld Sn03N\1l130SIW "JapUel WOJj eOllOu aLII ~o SJaLlIO aLlI/lSI 01 AlIHq!suodseJ S,J01UllJEl eq II!M II "SJOIUllJEl/lll 01 ueA!fl SO!IOU sq 01 pawsep S! JOIUllJEl };Ull 01 Jepual Aq USA!fJ eOllOu };Ull 'JOIUllJEl 8UO UIlI./l 8JOW S! 8JSLI~ j! 'MUI };q paJ!nbeJ JO pep!l\oJd eS!M.leLlIO SSElIUn -SSoJpPllIUaJmo s,jOIUeJEljO s8wII/le Ie paWJoIU! JSpual dsa>j 01 saaJfle JOIUllJEl 'sasodJnd SO!IOU JO:/ "SSaJppll s,uosJad aLII eDueLlo 01 S! eO!lou allljO ssodmd ellll13L11 flU!Aj!oads 'SUOSJsd JO uosJed JalllO elll 01 eOllOu Uel.lPM IllWJOI flU!A!fJ Aq efJeB\.lol^j SILlI Jspun SaO!IOU JOj sseJPpe Jell JO S!lI aflUllLlo AllW uosJed AU\f "aBllfJjJOV\i S!LlI jO Bu!uu!6eq elll Jl:lau UMoLlS Sll 'SseJppe s,JepUSl ollUSS eq /lells afJefJj.JOV\i SllIl JeAO AIPOpd sell LlO!LlM ue!! Aue jO JaPlolj aljl I.tIOJj SJnSOIOSJOljO seo!~ou 10 SSldoo /IV' "eBll6jJoV\l S!Lll jO 5u!uu!Oeq aliI Jllau UMOllS SaSS8Jppll aliI 01 palOaJ!p 'P!lldaJd efJelsod Ilew pSJeIS!6eJ JO pe!l!jJeo 'sselo ISJ!I se 'Ilew selelS pel!Un slIl U! pSI!sodap uaLlM 'pallew I! 'JO 'Jepnoo ILlfJ!UJSAO paz!u50:JaJ A/leuoJ\eu e lIl!M pellsodsp uellM '(Mel Aq paJ!nbsJ eS!MJSlIIO sselun) al!w!sOejelSI Aq pSAISOeJ AllenlOll US4M 'paJaA!lep A/lllnpll USlIM aAlloella aq IIll4S pUll 'fJU!l!JM U! US^!fJ eq /lells sres jO eO!IOU Aue pUll Ilnll~ep jO SO!IOU AUll UOl\el!WlIlnOl./I!M flUlpnloul 'sfiefl].lOl^J S!LlI J8pUn u9Alfl aq 01 paJ!nbeJ eO!lou AU" "S3:JI.lON "Mel Aq pap!AoJd swns JeLlIO lie 01 uOIIIPpe ul '81s00 \.lnoo Aue Alld II!M oSle JOIUllJEl "Mill slqeo!ldde Aq pal.l!wJad IuelXS SlIl 01 'SOUllJnSU! aim pue SSSjlllS!llJdde pue 'sj.JodaJ ,sJO};SAlns '(s\JodSJ emSOloeJOj flUIPnIOU!) s\.lodeJ ell!1 fJU!U!elqo 'SpJOOSJ DUILlOJllflS )0 )SOO aLj~ 'sSOIAJaS UO!1:>81100 luew6pnf-lsod PS1RU!'-'IIUe };ue pue 'sleadde '(uo!loun[u! JO };elS O!leWOlne Aue aleollA JO N!POW 01 s\.lojJe flU!pnIOUI) sBulpaaooJd };oldnJ>jueq JOj sesuadxe pue sesj ,s};eWOl.l13 elqeuoseeJ fJU!pnIOU! 'l!nSM131 e S! eJaLlIIOU JO Ja41ellM s8suedxs le6al S,JSpuel pUll s881 ,SAeWOl\1l alqeuoSllaJ 5,JapUel 'Mel slqRolldde J8pUn SI!W!I Aue olloa!qns JeASMOLl 'UOlllll!W!llnOlll!M 'SpnlOul LldeJ6llJlld S!LlI Aq peJaAQO sasusdx3 .p!edaJ I!lun eml!pusdxa eLlI 10 elBp aliI WOJI eleJ elaN a1n )ll ISSJSW! Jl?aq /I'IlLls pue pUUW6p UO 8lqe};ed ssaufJalllapuI e41jO \.llld e ewoosq II11LlS SllIflp Sll ~o IUsweoJojUs e41 JO ISeJalUI SI! jO UOllOalOJd elll JOj eW!1 AUllIll A.JllSSSOSU eJll Uo!u!do S,Japusl U! IllLlI smou! JSPUSl sasuadxe elqeuoseaJ 1I11 'Mlll Aq pellqlllOJd IOU Iualxs slIl 01 pue 'PS^IOAU! S! uOlloe \.lnoo };UllIOU JO JaLllellM "Ieadde };ue uodn pUe IllPlle SSSI ,s};auJol.le se elqeuoSllaJ sDpn!pe Aew \.lnoo slIl SB wns lions JSAOOaJ 01 pallllua eq /leLls Japual 'SfJllD\.lOV\l S!LlI 10 SWJal e41 10 Aue eOJOlus 01 UOI)OR JO ~!ns AUIl salnl!~Su! JOPUelll 'sesuadx3 ~saa:l ,s/iOJUJOnv "sa!peWSJ s,japual as!oJsxe 01 pUll Ilnejap U! JOIUeJEl sJeloap 0114fJp S,JspUallOelle IOU /I!M JapUSl Aq UO!S!OSP Illlll 'os op 01 sJnl!el S,joIUeJEl Jalle 'eBeD\.lOV\l S!lIl Japun SUO!lefl!Jqo S,J01UBJEl ~O Aue WJoJ-lsd 01 JO };euow pueds 01 sap!oep Jspua1 JJ "};pawaJ JeLllo ~Ug flulGn WOJj Jepu81 Jllq IOU /I!M ApawaJ suo Aue esoollO 01 Japuel ^q uO!loale uv "JSllI8fJOI JO auole paS!OJaxa aq Aew pue a^!lElnwn:> sq /I!M selpaWsJ pUe SILlDP s,JapUal jO /IV "SSlpaw9l::1l0 UO!l::lSI3 'UOI11Sods!p JO SillS aLII jO aW!1 elll aJojeq sAep (o~) uel Iseelle UeA!D aO!IOU uesw /leLlS eO!IOU elqeuoSBel:j "SPRlll sq 01 S! Al-ledOJJ IIlUOSJed oLlllo uO!llsods!p pepuslul JeLllO JO alllS elllApd Aue lIO!LlM J811e SW!l aliI jO JO Aj.JadOJd IllUOSJed S41 jO sles o!lqnd AUB 10 soeld pue SW!I aliI jO aO!lou slqlluoSeSJ JOIU1.lJEl eA!fJ II!M JapUel "ales 10 SOltON . "41adoJd aLII jO UOI\.lod Aue JO IIR uo sles o!Jqnd };UllIB Plq 01 PSllllua aq lIells JSPUSl .SSlllS alllJedes Aq JO ales euo U! 'Alal1.lJedes JO JelllafJol Aj.JsdoJd aql 10 \.led ~Ull JO lie lias o~ eOJI eq /lellS Japu81 'salpewaJ pue SILlOp Sl! 6u!s!oJexa ul "PSlIllljSJeW A\.lsdOJd slIl aAllll Ollljflp Ire pue };UE saAIEM AqsJaLl J01UllJD 'Mel slqBO!lddll Aq pell!wJsd Iualxs aliI 0.1 '/iuadoJd a41jO ales "AI!nbe U! JO Mill III Slqer!llAe JO eloN 8L11 JO sfJll6\JoV\l S!LlI U! pep!AoJd ss!pawsJ pUll SILlflp JaLlIO /Ill eABlj Hll4s JepUel 'sa/pawal::l Ja410 "JepUSl jO puewep aLlI uodn Alelll!paWW! A\.lsdoJd SlIl aleoeA (l) JO '41adOJd slIl jO esn aLII JOj lelUeJ alqeuoseaJ II Aed (~) JSLll!a 'UO!ldo s,Jspual Ie '/lellS pUll 4ladoJd S41 jO JaSllLlOJnd elll JO JSpuel jO eOUllJSjjnS Ie lUllual E swoosq !JellS JOIUllJEl 'JOIUllJE) jO Ilnelsp uodn 4ladoJd aLII jO UOlsssssod 01 palmUe sewooaq eS!MJSlIIO JSpuel JO aAoqe paplAOJd se PIOS sl Aj.JadoJd alII JS\jll };\.ledoJd slI~ !O UOISSOGsod Ul SU!eW8J Jo~ueJ() II "OJ:;JueJsuns Ie /ioUllUEU "UOIIOSS S!lIl UI pep!AOJd SllIflp slIl ~o as!oJaxa elll WOJj D8A!aOeJ slUnowB lie 10 uOlleo!Jdde Jelle JepUel ol anp sssupelqapUI eLlI U! fJu!u!eweJ AOUS!O!jap };ue JOj Iuewflpn! e U!Elqo };llW JSpuel 'Mel alqeo!ldde };q pal.lIWJed jl 'luaw6pnr ,{Ouslollaa "Slnlels Aq pap!AoJd se amsol:JaJoj "ales pue luaWaS!\.lsApe" JO .8les 10 JeMod" Aq A/leo!j!oads pue 'ales Illlolpn!-uou Aq Aj.ladoJd aLII ~o \.led };UB U! JO /Ill U11SeJalU! S,JOIUEJEl aSOloeJOI };EW Japuel 'sleS lerolpn!uoN "A\.ladoJd aLII jO \.led };ue JO /Ill UIISSJSIUI s,JOIUeJEl BU!SOloaJOj aeJoep lelo!pn! e ulBlqo Aew JApual '.unsol:);;lJO::l18!Olpnr 'JeAI80aJ B Sll fJU!MSS WOJj uosJed 1'1 AI!lenbslP IOU /leLlS Japua, };q luewAoldw3 "lunOWe IB!IUelsqns e Aq ssaupelqapul 8l1l spaeoxe 4ladoJd 8L1110 anleA IUaJedde 8L1110U JO JSlIlallM ISlxa IIELlS JeA!aOaJ e jO IUaWIU!odd13 elll OllllBp S,JSpuel "Mill };q pel.l!wJad I! puoq InoLlllM eMes AllW JeA!SOSJ 8111 'ssaupslqsPUI aLlIISU!llfJe 'd!4SJSAleOSJ sLlI )0 ISOO slIl eAoql? pua JeAO 'spaaooJd eLlI Alddll PUll AjJauoJd elll WOJj slUal:! sLlllOslloO 01 pUll 'alBs JO amSOl08JOj flu!peoaJd 4ladoJd aliI eleJado 01 '41adoJd eLlI eMaseJd pUll 10elOJd 01 JaMod SlIlllI!M 'Aj.lsdoJd aLlljO \.led };ue JO 1111 jO uo!ssassod a>jel 01 palU!oddll JaA!s:JaJ e eAllLl OllljDp aliI SAllLl lIeLls JapUel 'JsAleosl::llUIOddV .JeA!008J e LlflnOJLlI JO '~uaBI:l All 'uOSJsd U! JSLlI!8 LldEJDBJlldqns slLlI Jspun slLlfJp SII es!oJexa Aew JepUSl "pS1S!Xe PU1.lWSP eLlI JOI spunoJfl JadoJd Auelou JO JSLllellM 'apew 6Je slueWAed aliI LlO!4M JOI suollefJ!lqo 841 NS!leS lIells puewap S,JSpual 01 esuodseJ ul JSpuel 01 SJesn JaLlIO JO Slueual Aq sluaWAed tr aBed gIG (panUIIUOO) 3elVelll::lOW - on J r~{' ~)O ~..:'Jft.i..~r.;. "'Irc,,-_J _ e06tl :oN ueol - - - O~J73'7l~8 M.AGE (Continued) - '119 I.. Page 5 Loan No: 23908 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 Andy Matz and Joanne Matz. Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including wilhuul limitation a guaranty of all or part of the Note. 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 UStlU, lrtli:lleu, 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 Note or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses inr.urred by lender to enforce Grantor's obligations under this Mortgage, together with interest on such amounts as provided in this Mortgage. Lender. The word "Lender" means The Jackson State Bank, its successors and assigns. The words "successors or assigns" mean any person or company that acquires any interest in the Note. Mortgage. The word "Mortgage" means this Mortgage between Grantor and LendeL Note. The word "Note" means the promissory note dated June 6, 2001, in the original principal amount of $145,000.00 from Grantor lu 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 6, 2008- 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 notas, credit agreoments, 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 futuro rants, revenuos, income, issues, royolties, 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: X /)I} ~ i/~ An~ ~:rndMduaIlY x INDIVIDUAL ACKNOWLEDGMENT --................,..~--". .-.. ........--.,....----- STATE OF Wyoming ) ) ss DORETTA CLEER.E Notary Pubiic County Of State of Lincoln Wyoming My Commission Expires FeDnJary 20, 2002 COUNTY OF Teton On this day before me, the undersigned Notary Public, personally appeared Andy Matz and Joanne Matz, to me known to be the individuals described in and wh executed the Mortgage, and acknowledged that they signed the Mortgage as their free and voluntary act and deed, for the uses and purposes ther n entioned. Given under d and 0 day of By Notary ILA9.cr:R PAD l,,,,ruJinll. V.r. 1i.1i1.00,OIl.(<=J C:an"anl,1I.I\ l'lCar~r.l.-ll~7. ;XIll;. .....11 FligJ,1fi: A.on""..d. - WV l:\CFl\.lPl\Q~.Fe TA'I~ PA ~J It....