HomeMy WebLinkAbout873340Aq pe6pelmoure pup o} pasoloslp Alsnolnaad se ;deox3 (o) pue :sael}ew Lions o} 6ugelaa uosaed Aue Aq puN Aue ;o swlelo JO uoge6t ;11 peueleaay;
JO len;oe Aue (!l) .10 Aliedoad ay} 10 s }uedn000 JO SJeUMO aotud Aue Aq Apedoid ay} won JO ;noge 'aapun 'uo eouelsgns JO a }sam snopaezey
Aue ;o asealaa peueman .10 'asealaa 'lesodslp }uew;een 'a6eao ;s 'ampelnuew 'uogeaeua6 'esn Aue (I) '811 111Jm Li! aapuei Aq pe6palmome pue
o} pasoloslp Aisnoinaad se;deoxe 'ueeq sey eaeyl ;ey} anelleq o; uoseaa JO ;o e6palmowi ou sey ao ;uea0 (q) 1Apedoad eq woe; .10 }noge 'aapun
'uo uosied Aue Aq eouensgns JO eisem snopaezey Aue neap peua;eeJq} JO amp.' 'lesodslp 'luewleaal 'e6eao;s 'empe ;nuew 'uogeaeue6 'esn
ou ueeq sey aaay;'Apedoad ay ;o dtysieumo s,aoluea0 ;o pored eqi 6ulana (e) :ley; aepuel o; SIUBJJBM pue s }ueseadei aolue.10 •solsegse pue
10B1ay; uogoen Aue JO s;onpoad -Aq wneloa ;ed pue wnelo jed 'uoge ;!w11 1no411m 'epnloul osle pays „eoue;sgns snopaezey„ pue „e ;SBA snopaezey„
swag; eqi •Buto6eao1 ay; 10 Aue o} luensand pe dope suogetn6aa JO 'sein.1 'smet leaapeA JO ems algeogdde aey ;o JO “bas 1e 'L069 uogoeS
.o.s.n Z4 'lot/ A.1aA030 l pue uogeniesuo0 eoanosej ay; '•bas la 1081 uolloeS 'O'S'n 64 'LW uogepodsueal slelaa;eW snopaezey 01 .11 '(..VaVS..)
664 66 'oN 'l 'qnd '9661. 10 Pt/ uogeztaoy;neOld pue s;uewpuawV punpadnS a4; „VlOa30..) 'bas ;e '1.096 uol ;oes 'a Z4 'pepuewe
se '0861. 10 loy Aititgetl pue 'uogesuedwo0 'esuodseld Ieluewuoalnu3 entsuayaadwo0 914; u! 1.1 1J01 MS se s6ulueew ewes ay; aney Iteys '06e6 }aoW
sly} ut pesn se eseeiei peueleenn„ pue eseelei„ ,;lesodslp„ „'eouelsgns snopaezey„ elsem snopaezey„ sw.1a1 ay1 •seouelsgnS snopaezeH
•enlen sir eniesaad o; Aaesseoeu
eoueuelutew pue 's;ueweoeIdeJ 's.1lede.' Ile waoped A1ldwoad pue uogtpuoo eigelueue) u1 Apadoad ay; u!e}utew Heys aolueJD 'uleluleW of AIno
'Apedoid eq; woe; s ;uald
eq; pe oo pue Apedoid ay; e6euew pue eieaedo pue ;o loaluoo pue uolssassod u! uleweJ Aew .1olueio 'LineLep Li! 'gun asn pue uolssassod
suolslnoad 6ulmollo;
ay} Aq pewano6 eq Heys Apedoid ey; ;o esn PUB uolssassod s,ao ;uele le4; S99a6e a0;uea
•s6e6poyy sly ;.1apun suol ;e6llgo s,aolueJD 10 He waoped Allows hays pue'enp ewooeq Aey; se
a6e6 ;aoW sly} Aq pamoes s;unowe lie aapue o} Aed Heys ao}ueis 'e8e6polry sly; ut papinoad esimaay ;o se ;deox3 '33NVWH0d113d ONV 1N3WAVd
:SW1:131 DNIM0110d 3H1 NO 031d303V ONV N3AID SI 3DVDIUOIN SIH1 'SIN3WnO04 431Vi3u 3H1 ONV 30V012i0W
SIH1 H3ONn 1:101NVID dO SNOIIV0I180 1111 d0 33NVWUOd113d (Z) ONV SS3NO31830NI 3H1 d0 1N3WAVd (L) 31:In33S 01 N3AI9
SI `A1113d01:1d leNOS i3d ONV SIN3H 3H1 NI 1S3U31N1 Alltdn33S 3H1 ONV S1N313 d0 1N3WNDISSV 3H1 ONIan13NI `39VD.HOW SIH1
•Apedoad
ay} woe; pantaap s;geueq aey ;o pue 'swami 'sal}IBAoa 'senss! 'ewooul 'senuenei 's }uaa aim; pus iuesead ire sueew „s }uaa„ Nom eqj 'sluald
•sseupe ;gepul ey} Li;lm uogoeuuoo ut pe ;noexe '6ugslxe aalleaaeg JO mou aay;eym's ;uawnoop
pus s ;ueweea68 's;uewn .1 ;su! aeylo lie pue 'ism) 10 speep 'se6e6pow 's;ueweea6e A ;lanoas 'segue.1en6 's ;uaw0016e te;uewuoatnue 'sluewee.16e
UEOI 's;ueweei6e ;tpaao 'selou Aaosstwoad tie uotieliwl 1noq ;UM epnput PUB ueaw „spiewnooa pe3BIe spaom eqJ •sluewnoo0 paleiau
•uogoes „e6e6poW ;o lueaa„ ay} u1 anoge pequosep s }y6ta pup s;seJeIul 'Apadoad ay; ueew „Apedoid !eald„ spaom eqj •AlaadoJd lean
•ApadoJd leuosaad eyl pue ApadoJd teas ay} Alangoagoo sueaw „Apedoid„ paom ayl AlaadOJd
'Apedoid 841 10 uoglsodslp aay ;o .10 ales Aue woe; (swntwaad
1 spunlaa pue speeooad 9oupmsu! Ile uogeitwll }noy!m 6ulpnpul) speeooad Hp LiHm aey;a6ol pue :A Jedoad bons ;o Aue 'on suogn ;!sgns He pue
'1 s;ueweoetdaa He 'o; suogtppe pus 'sped 'suolsseooe He y;lm aay 18601 !Apedoid pet] eta o; pexlje JO pa14oe ;le Jel1E0Jell JO mou pue 'ao ;uBJD Aq
poumo aeg8eJeq .10 mou Apedoid leuosaad 10 swam aey ;o pue 'sean;xt; ;uewdtnbe He ueew „Apadoad leuosaad„ spaom eqj "Apedoid leuosied
1u8w0916e JO e;ou Aaosstwoad an Jot suognfsgns
pue '10 suogeptpsuoo '10 s6utoueugaa '10 suogeogtpow ;o suolsua ;xe '10 SIEm9U9a He 411M aey ;e6o; 'Jepuei .10 ;ueis wag 00'000`Lv1.$
4o iunowe ledlou!ad leu!61ao ayl uI '1.002 'Z AeW Map }uawaaa6e pen .10 emu Aaosstwoad all sueaw „e}oN„ paom 941 'aloN
'swab! pue Apedoid leuosaad ay} o} 6ugetaa suolslnoad }seJeju!
A;unoes pus sluawu6lsse He uogsiguil Ino4 ;tm sepnlou! pue `Jepual pue ao ;ue .1a ueeMieq a6e6poW sty} sueaw „a6e6poW„ paom eqi •a6e61JoW
'e686;aoW sly} aapun
ee6e6pow ay} st aapue e41 •suBlss8 pue siosseoons s}! 'HONVa9 NOIdV )INV9 IVNOIIVN 1SaId sueaw „aapuel„ aim e41 •Jepuei
'e6e6poW sty} u1 pepinoad se s}unow8 Lions uo lswalul
y;tm iegje6o; `e6e6poW sty} aapun ao}ueJD ;o suoge611go eoaolue o} aepue Aq paaanout sesuedxe JO aolUBJO 10 suoge6Hgo e6aeyosip o} aapue
Aq peouenpe JO papuedxe s }unowe Aue pue a ;ON sy; iepun eneAed ;seae;ut pue ledtoupd ire sueaw „sseupa ;gepui„ paom 941 'sseupalgapui
'Alaedoad !veld ay; uo uogonalsuo0 aey ;o pue slueweoeldei `suoglppe `set }!Hoe; 'Alaadoad leeld eqj uo pexige sewoy a igow
'sam ;one ;s 's 's ;uewenoadwl aim) pue 6ugslxe 18 uol ;e }Iwtl }noyi!m sepnput pue sueaw „s;ueweno.1dwt„ paom ayl 'sluewenoJdwi
'sseupelgepui ay; y ;lm uogoeuuoo
u1 seeped uogepowwo0oe pue 'sepals 'sao;ueaen6 914; ;o Ile pue 14089 uo!eitwil }noy ;lm sepniout pue sueaw „aolueaenS„ paom ayl •JolueJen0
•a6e6 }aoW sty} aapun a06e61.10w ay} st ao }ueaO 041 "3N1 `NOS '81UVHNI3a'3
'eolaawy 10 sale }S pe }tun ay}
;o Aeuow mime! u1 slunowe ueew Hays s ;unowe _mop o} S90110.10101 HV •9po0 l8paawwo0 w .1ollun ay} u! saaa; Lions 01 peingpliv s6ulueew 841 aney
!legs e6e61aoW sty! ut paugep estmaaylo loll awe' •e6e6poW sty} ut pasn uegm s6ulueew 6ulmollo; ay; aney Heys SPJOM 6 ulmollo! eq.!. 'SNOI11NId3O
'weld PUB Apedoad leuosaad 091 ut }saaa ;u! A }lanoas woo tepaawwo0 wao;lun a aapu0l 01 slu816 a0IUBJO 'uogtppe
ui •Apadoid 841 woe; s;UGH 118 PUB Apedoid ay} 10 seseel 118 01 pue ut lsela;ut pue 'egg '1y61a s,.10 ;uel° ;o pe aapue1 01 su6lsse Aguesaad .1olu8J
'00491.00Z9Z61.9C s! iegwnu uogeoggueP!
xe; Apadoad lean 041 '8L LE8 AM
AINO 3Sn S.11301:1033H H0d SI 3NI1 SIHl 3A08V 30VdS
T _O- ROYci?ld 17TI00a
9Nl111OAM
ci 1tt NNV3r'
80 6 1„' L I Am 10
>18310 AJ Nfl00 N
03113.33
`ell }3 `enlaa awes Z Lb se uMou)1 AluowwOo s! sse ippe 51! ao Apadoad lean au
'8 ZI C 1 Se OOOZ `b
aagop° pal!' leld 18141 of 6u!pa000e `6u1woAM Auno0 uloou!l `6 'oN uo!sinla sayouea olpaoN !0 9ZL 101
I padoad leas a 6u!woAM to ale's `Alunoa ulooull u!
peleoo! 'sae;;ew J8Hwts PUB lewaayloa6 's86 `110 'sIeaeulw pe uo4e0111 inoy1m 6ulpnpul 'Apedoid real ay} of Bugelaa slgoad pus 'segIBAoa 's146u ono
Iry pue :(s;y6p uoge6taa1 JO yo ;!p 411m saggil) u1 >lools 6ulpnpul) s;y6la yo}!p pue sesano0 .1alem '5196!J Jelem `aaiem He aaoueuapndde pue `Aem 10 51116ta
`sluawesee He sam ;xll pue s ;uawenoadwl 's6utplmq pexl ;l8 ao papa.* Aguenbesgns JO 6ugslxe 118 yllm .18410601 'Apadoad r8aa pequosep 6ulmopo; eyi
o; pue u1 }swap pus 'em} `1461.1 s,ao;uea0 10 118 aapual of sAenuoo pue se6e6pow JolueJD `uolleJaplsuoa algenlen and '3DVD1l1OW d0 1NVtl0
„aapua se Moleq o' pampa) OL LE8 AM `uo}w
`0Z9L X08 Od 1aaa1S uo16ulyseM bLE s1 ssaappe asoyM `HONVHS NO1AV 1S3M 1VNOIIVN 1SHII pue
„aoluea0„ se Molaq o1 paaaalaa) Ob90 90VE8 al `S11V3 OHVOI `017909 X09 Od 51 SSaappe asoyM `uolleaodaoa
oyepl ue "ou! `UOs '8 PegU!a>:I'3 "3NI `NOS '8 1HVHNI31:1'0 uaaMlaq `LOOZ `Z AVW a31Va SI 3JV911:1O1A1 SIH1
3 V011tIOW NOIIOflLIISNOO
0 CC
0 'A11:13d01:1d 3H1 d0 33NVN31NIVW GNV NOISS3SSOd
g
H3NVt1
sueaw „aoluBJD„ paom 841 •JolueJD
so-sotes al 'SliVA ouvai
Ob909 X09 Od
NI 'NOS'81UVHNI3U'3
1 S3OIION XV11N3S
OLL£9 AM 4 u 0 11V
0Z9I. X08 Od
laa�iS uol6ulyseM bl£
lAV )1NV8 IVN011VN1SIIIA
:01 1IVIN 030E003H N3HM
OI L£a AM `U011V
OZ91. X08 Od
pails uol6ulyseM bl£
HONVH9 NO11V 1S3M IVNOIIVN 1SHId
:A8 031331103H NOLLVOI:10031:1
05 -02 -2001
Loan No 64002418 0873340
MORTGAGE
(Continued)
677
Page 2
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 and shall not be construed to create any responsibility or liability on the
part of Lender to Grantor or to any other person. The representations and warranties contained herein are based on Grantor's due diligence in
investigating the Property for hazardous 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 the obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of
this Mortgage and shall not be affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to the
Property or any portion of the Property. Without limiting 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 satisfactory 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 Requirements. Grantor shall promptly comply with all laws, ordinances, and regulations, now or hereafter in
effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the Americans With
Disabilities Act. 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 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— option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or
by any other method of conveyance of Real Property 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 to the interest of
Lender under this Mortgage, except for the lien of taxes and assessments not due, and except as otherwise provided in the following paragraph.
Right To Contest. Grantor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation to
pay, 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 satisfactory evidence of payment of the taxes or assessments and shall
authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the
Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or any
materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services,
or materials. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor can and will pay the
cost of such improvements.
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Mortgage.
Maintenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended coverage endorsements on a
replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application of any
coinsurance clause, and with a standard mortgagee clause in favor of Lender. Grantor shall also procure and maintain comprehensive general
liability insurance in such coverage amounts as Lender may request with Lender being named as additional insureds in such liability insurance
policies. Additionally, Grantor shall maintain such other insurance, including but not limited to hazard, business interruption and boiler insurance
as Lender may require. 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 policy limits set under the National Flood Insurance Program, or as
otherwise required by Lender, and to maintain such insurance for the term of the loan.
Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss if Grantor
fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at 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, pay or reimburse Grantor from the proceeds for the reasonable cost of repair
or restoration if Grantor is not in default under this Mortgage. Any proceeds which have not been disbursed within 180 days after their receipt and
which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender under this
Mortgage, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Grantor.
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.
Grantor's Report on Insurance. Upon request of Lender, however not more than once a year, Grantor shall furnish to Lender a report on each
existing policy of insurance showing: (a) the name of the insurer; (b) the risks insured; (c) the amount of the policy; (d) the property insured, the
then current replacement value of such property, and the manner of determining that value; and (e) the expiration date of the policy. Grantor
shall, upon request of Lender, have an independent appraiser satisfactory to Lender determine the cash value replacement cost of the Property.
EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Mortgage, or if any action or proceeding is commenced that would
materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems
appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the
Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance
policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This
Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies
to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender
•Japuel
o; AJO40e }sl ;es wlelo ey; Jo4 puoq Alms a .10 SeA1eSeJ sa9s1wn4 pug WI 3 yons 40 aol;ou ue! ;uM 2apuei seni6 Jo ;UBJO ley; pePlno.1d '6ulpaeoold
aJn;!ajeJO4 Jo 8Jnsol0aJO4 ey; to spec; ay; s! yo!yM wlal0 944 4o sseuelgeuoseeJ Jo A41P1len ay1 0; se JoIUe10 Aq e;ndslp us; pooh e Juana 844 ul
Alddo jou Heys uol;oesgns sly; `JenemoH •ApedoJd ay; 40 Aue lsule6e Aoue6e le ;uewuleno6 Aue Aq Jo 1o;ueiO 4o Jo ;lpeJo Aue Aq 'poy;ew Ja14l0 Aug
Jo uo!ssessodeJ they-lies '6ulpeeooid lelo!pn! Aq Jay ;eyM 's6ulpaeooid ein ;lapo; Jo einsoloalo ;o ;ueweouewwo0 3 e 'aan }!auod `amsoloaiod
•1o;ueio isule6e Jo Aq SMOI Aouenlosul Jo Ao;dn.n4usq Aue Japun
6ulpaeoold Aue 4o }uaweouewwoo ey; Jo ;no)IJOM Jol!paJO 4o adA; Aue 'smo;1pan0 4o ;Heueq 3144 Jo! luewu6lsse Aue 'ApedoJd s,Jo1uoJO 4o ;Jed Aug
104 JanleoaJ a 4o ;uew ;ulodde ay; `Jo;umJO ;o Aouenlosul ey; 'sseulsnq Bulo6 a se eouals!xe s,lo ;uel0 4o uoi ;oulwle; JO uognlosslp ayi •A3uenlosui
•uosaai Aug Jo; pug ewl; Aue ;e (ue!! JO ;swop! A ;!noes pa;oapad pun pllen a eleel0 0; sjuawnoop
1ejeje11oo Aug 4o 8111E4 6u1pn13u1) pee pug 83134 1194 u! eq 0; 585893 s ;uawnoop peleied ey; 4o Aue 10 a6e6poW Slyi 'U014ezneJa ;epoO anl43a4ao
•payslwn4 Jo °pew ow!; ey ;e Jo MOU .104p8' ;oedsel Jape ;aw Aue u! 6u!pselslw Jo esle4 5I s;uawnooa pe ;e!ed ey; Jo 810N
ey; 'eBe6;1oW sly; Japun Jo ;uele 40 ;leyeq uo Jo Aq Jepuei 0; peysluln; Jo spew ;uewa ;e ;s Jo uoIW ;uesaldeJ 'A;Ue11eM Auy 's;uawa;e;S osio
•s ;uawnooQ peeled 8144 4o Aue Jo a6e6poW 9114; Japun suo! ;o6ilgo s,lo ;uoi9 wloped 0; A ;lllge s,10 }ueJO Jo eloN
ey! Aedei o; A ;II!ge s,JO;ue1O Jo ApedoJd s,JO;ueJO 40 Aus ;oa}4e Alleue ;ew Aew ;ey; uosJed Jo Jo ;!PeJo Jey ;o Aue 4o Jone} w ;uewee16o Jay ;o Aue Jo
;uewaeJ6e sales Jo eseyoJnd ;uewaeJ6e A!IJnoes 'ppmm0 4o uolsue ;xe 'ueol Aue Japun llne4ap Jo;ueJO pinoys 'sewed pil41 4o Joned u! mimeo
•s ;uawnooQ pe ;elad 4o Aue
ul Jo eloN e44'e6e6pool 5114; u! peu!e;uoO uompuo3 JO ;U0Uan03'u011eB!lgo'wia; Jey10 Aue y ;IM Aidwoo o; Jo ;uaJO 40 eln11ed ;;ne4ao eouo idwo0
ue!! Aug 40 86JeyosIp ;oa4ie o; Jo 40 6u14 ;uanaJd 0; AJesseoeu ;uawAad Jay ;o
AU8 .10 '83UeJnsU! Jo Saxe; J04 ;uawAad Aue emew o; a6e6poW sly; Aq peJlnbei 8WH ey; uly!Im JO;U?19 ;0 wiled 'quote/cad 291110 uo ilne}ao
•sseupel4epul 941 u0 enp uayM;uOwAed Aue eow O; Jo;ueJO 40 alnlled •ssaupa;gepul uo 4lne4ao
:e6e6 ;JoW sly; Japun ;Inejea 4o ;uan3) ;lnelep 10 wane ue a ;n ;I ;suoo hays 'Jepuel 4o uol4do 944 48 'Bulmo11o4 ey; 1 4oe3 '11nvd30
•ew14 01 awl; wo141epu0i Aq peulwla;ep se ea; uo!;eu!wJe; eigeuoseej
Aue 'mel algeolidde Aq pe ;lwled 4! 'Aed 111M Jo ;u8JO •Apadold IeuosJed ey; pus slued 841 u! ISeJe ;U! A ;!noes s,Japuei Bu!ouep!ne 0Ig uo luewe;els
6ul3ueu!4 Aue 40 uo14eu!WJa4 40 sluewe ;e }s elgel!ns pue e6e6poW 9N; 4o U01;3e4st ;es eigo ;ins E Jo;U?J9 o; Jen118p pus a4n3axe Keys Japuel 'ebe6 ;J004
9!44 Japun )OIUBJO uodn pesodw! suo!IeB!lgo ey; lie swJo4Jed es!MJay!o pue 'enp UeyM ssaupa ;gapul 841 Ile sAed. Jo ;uej
9 11 •3ONVWHOd1:13d find
•ydeJBeJed 6u!peoe d ey; U! 04 pa/18p SJOIlew 941 ys11dwo03e
o; 'uoluldo eloS sdepuei Ul 'algoJlsep Jo AJesseoeu eq Aew se s6uiy; Jay ;o 113 Bulop pue '6u!pJo3ai 'Bu1114 '6uuenllep '6ul ;noaxa '6u!)lew 40
esodind 814} .104 4384- u!- A8U1034e s,JO1u8J0 se Japuel s ;ulodde AlgeoonaJJI Agway JO }u0Jo 'sesodind yons JO d •esuedxe 9,10 ;UeJ0 4e pue JO4Ue19
40 awe! 844 ui pue 104 os op Aew lepual 'ydeJ6eJad 6uipeoeid 844 uI 04 p°J1a4a1 s6u!14; 844 4o Aue op .04 sl!s4 Jo;UeJO 41 i3ed- u!- A9wo11V
ydeJ6eJad 5ly4 ul 0; paJJ948J
s1a44ew 044 141!M uolloeuuoo u! pelJnoul sesuadxa pus S4SOO Ile Jo4 Japuai esJngwleJ 11814s 104UeJ0 '6uyUM ul Japuai Aq AJe1 1UO3 ey4 0; peeJ6e 10
mel Aq p0;1Q14oJd ssalun •JO;ueJO Aq paimboa J°44e8Je4 JO pOUMO Mou JeylayM 'ApedoJd 0141 uo sue!! 1o!1d pug ;SJ44 se a6e6poW 5!44 Aq peweJo
s }soJe ;u! A ;!noes pue sue!! 844 (q) pue 's;uewn000 palelad 844 pus 'e6e6poW 91141 '840N 844 Japun Jo}UOJO 4o suo! ;e6114o 0144 (e) enJesaJd
.10 'enulluoO y0a4Jed 'eleidwoo 'a4en43a448 0; JepJO u1 algoJlsep .10 AJesseoeu eq 'Japuai 40 uolu!do el09 044 u1 'Aew se s4UOwnOOp Je440 pue
's8;e0H!pe0 'eouoinsse J0ypn4 4o s4uewnJ4sU! 'sjuewale ;s uollenul ;uoo 's4uewe ;e4s 6u!oueu4 's ;ueweei6e A ;!noes 'speep *noes Ism; 4o speep
'seBe6pow yons 118 pus Aue 'elelidoidds weep Aew lepual se seoeld pus Se31440 yons ul pus saw!I yons Is 'eq Aew 8S83 844 se `papJO38JeJ
Jo 'pall}eJ 'papJo3eJ 'pall; eq 0; esne3 'Japuai Aq pe ;senbel uayM pue 'eau6Isep S,Japuei o4 Jo Japuai 0; 'peJan!lep .10 pe ;noaxa 'spew
eq o4 asneo 111m Jo 'Jen!lep pue alnoaxa 'eNsw 11!M 10 }U8JO 'Jepuel 40 Isenbei uodn 'ewy 0; ewg woJ4 pug 'ewq Aug ;y •seoueInssy J844Jnd
•e6e6poW
514! 40 ;Jed a 0.18 ;084- u4- Aewofe pug seouelnsse _awn; 04 6ul;eleJ suolslnold 6u1MO11o4
8 41 '10VI NI A3NUO11V !S3ONV!lfSSV 113H1dnd
•a6e6 }JoW 9111140 abed 49214 0144 uo pele4s 58 0.18 '(epo0 le1OJeww03 wJO41un ey; Aq pellnbei se y0ee) peu!e ;qo eq Aew a6e6 ;JoW sly; Aq pa;ueJ6
;sale ;ul A;Ilnoes 84i 6ulweouoo u014ewJo}UI y014M WOJ4 '(Aped pampas) Japuai pue (Jolgap) Jo4u8J0 4o S8SSalppe Buillew eta •sesseippy
•J8pUei w0.14 pUewep Ue1 ;UM 40 4d10o81 1e ;4e SAep (Q) 00J44 U19 ;IM JepUei O; elg8I8ne
1! e)lew pue Japuai pue Jo }ue1O 01 IU8!uenuoo A!geuoseeJ e3eld ale pue Jeuuew a u! ApedoJd leuosJOd 84# elgwesse Heys JO;U?JO 'memo uodn
•458184!1 A11Jn385 5144 6ulnu! ;uoo 10 6u1 ;3a4J8d u! peiinou! sesuadxa 118 Jo; Japuel asmgwiei Heys Jolus10 1u0w84e4s 6upueu14 a se a6e6poW
sly} 4o suoll0npoldeJ Jo seldoo 'spedia ;unoo pa;noexe 8414 'JO;uOJO WOJ4 uo1 ez1JO44n8 Jeypn4 4no441M pue awl} Aug ;e 'Aew Japuai 'SpJO3eJ
ApedoJd leaf 844 u! 06e6001AI 9144 6uipio30i 0; uol }!ppe ul •ApedoJd IeuosJed pue s;uad eyI ul ;seJelul Allinoes s,Japuei enu! }uoo pue looped
01 Japuai Aq pe ;senbel sI uol40e J844o J8ne4eyM a)le4 PUB S4Uewa4e ;s Buioueul4 a ;noaxa Heys JO;U?10 'Japuel Aq 4senbeJ uodn '4S9Ja A4pn3OS
•ew!4 0; aw!4 W024 pepuewe Se epo0 la!OJewwo3 wio4!Un 8144 Japun Aped peJnOes a 4o s ;14611 ay; 40 IIe aney Heys Japuai PUB 'Apadold
leuos.ed Jay ;o Jo 99294x14 sa;n4l4suoo AlJadold 84143 Aue 4U84xe ay; 0; 4ueweel6e A4!Jn3es E a ;n ;1 }suoo Heys }uewnJ ;sul slyi 1u9waa26y Al!m3aS
•a6e6poW
sly! 40 !Jed a ale }ueweeiBe A41JnOes a 98 96e4 9141 04 Bul ;eleJ suolslnold 6 u!mollo4 9 41 'S1N3W31V1S DNIONVNid !1N3W33UJV A1IUfl3 S
•Japuai 0} AJO}oe4s14es Alpnoes Ja440 Jo puoq Alms e4BJOdJOO;uei3l44ns a Jo 14983 Japuai yi!m s ;lsodep pue U01430s
sueli pug saxes ey! u! enoge paPlnoJd se xel 844 s;sa;uoo (q) Jo '4uenbu!lep sewooeq I! aJo4eq xe; 844 sAed (e) 294419 Jo4ue.9 ssalun Molaq
papinoJd se ;melee 40 ;uan3 ue 204 selpeweJ e!gellene s;I 40 He Jo Aue 0913)axe Aew Jepuai pus'(MOleq peu14ep so) ;Ine48a 40 ;Uan3 tie se ;08440
awes 844 aney Heys ;uene 5144 'e6e6poW s4U4 40 04ep 844 0; ;uenbesgns peIoBue sl se;dde !311095 S1U4 yOlyM 04 XE; Aue 44 'semi 4uanbasgn$
•JO;ueJO Aq epew }MOW! pue ledlouud }o s ;uawAad uo .10 sseupa;gepul 844 40 uo! ;Jod Aue Jo 118 uo x84 O!4!oods a (p)
pue
:eloN ey; 40 Jepl0y 844 JO Japuel 844 ;sule6e algoe6leyo e6e641o04 }o edA; sly; uo xe; a (3) :a6e6 4JoW 40 adA; sly; Aq pelnoes ssaupe ;gapul
ay} uo s;uewAed wol4 ;onpep 01 pailnbe110 pezUOy ;ne sl Jo}ueJO y0114M 234!820 uo x84 OH!oeds E (q) :e6e6poW 9144 Aq painoes ssaupe ;gapul ey4
}o ped Aue Jo 118 uodn JO a6e6poW 40 adA; sly} uodn xe; oHl38ds a (e) :salldde !31;095 51144 yplym 0; saxe4 eon ;l ;suoo Heys 6u!mollo4 eyi •senbl
a6e6poW sly; 6u1Je ;si6a2 Jo Bulplooei .104 seBJeyo Ja440 pue 'sdwe4s Ale;uawn3op 'se84 'Saxe;
118 uol ;e;lw!! ;noy ;!m 6u!pnloul '8686poW 914# 6ulnul ;uoo .10 6u1}384Jed '6u!plooel u! p81mou1 sesuadxa 11e 441M Jey4060; 'MOleq paquosep se 'sexe;
its J04 Jepuel esingw!eJ Heys 1o4ue.9 •A;JedoJd lead ey; uo ue; s,lepuei enu!4uoo pus }3a4Jed 0; Japuai Aq pe ;senbel sI uo!;oe Jay ;o Jane ;eyM
01181 pug e6e6poW Sly} 04 Uol;lppe u! s ;uawnoop yons 8;938x8 Heys .104.18J0 'Jepuai Aq }senbel uodn 'se62e113 pue saad 'saxel 4!92290
:e6e6poW sly; 40 lied E 0)8 s861ey3 pug
Seel 'Saxe; l84uawwen06 04 6U01ej suolslnold bu!M011o4
9 41 'S311Id0H1fV 1ViN3WNd3A09 A9 S39HVH3 aNV S33d'SaXV1 AO NOIIISOdWI
•uol ;edlol ;Jed yons 41w1ed 0; ewll 0; awl; woJ4 !I Aq pa4senbal eq Aew se sluewni ;sul yons Japuai of pelen!lep eq
0; asneo Jo Jen!1 Il!M Jo4uBJ0 pus '8340140 uMO sil ;0 Iasuno0 Aq 6ulpea301d ay; u! pa ;uesaidej eq o; pue 6ulpaeoold ey; ul a ;edlo!ped 0; pal;! ;ue
eq 11044s Jepuel ;nq '6ulpaeoold yons u! Aped leu!wou 844 eq Aew JolueJ0 •pJeMe ey; ulelgo pue uog3e 041 pUe4ep 0; AJBSSe38U eq Aew Se sde ;s
yons emu; Agdwold Heys Jo4Ue1O pus '6UI4IJM u! Japuai A4!;OU Apdwold Heys JO;ueJO 'pal!4 sI uo14euwepuo0 u! 6u!peeoold Aue 44 's6u1pOe3ojd
•uo! }euwepuoo 84# tom uol4oeuuo0 u! Japuai Aq pOJJn0ui seal ,sAeuJO ;413 pue
'sesuadxa 's;soo elgeuoseal He 40 uawAad J8448 pJeMe ey; Ueew Heys pJeMe ey; 4o speaooJd ;au eyi 'ApedoJd ey4 40 uo!;e)o }S0J Jo medal 844 Jo
ssaupe ;gapul ay; 01 pelldde eq pJeMe ay; 40 spaa002d ;au ey; 40 uo!pod Aue Jo lie ley; e.1 nbe. U0140040 541 le Aew Japuei 'uo14euwepuo0 40 nell u!
eseyoind Jo 6ulpaeoold Aue Aq Jo s6ulpe0oold ulewop ;ueu!we Aq pauwepuo3 s! Apadold 844 40 ;Jed Aue JO lie 41 •spea3o.d 49N 40 uo!;eoilddy
•e6e6poW sly; 10 ped a ate A11edo1d 841 40 uo1Ieuwapuo0 0; Bu!;EIaJ suolslnold 6u4M011o4 0141 'NOI1VNW3aNO3
•sepoylne IeIUewUJeno6 40 suol;eln6aJ pue 's00ueu1PJo
'we! algeO11dd8 6u14s!xe 11e y4!M s0lldwo0 AlJadold 844 ;0 esn S,10 ;Ue1O pue Apadold 041 4ey; SIU?1J?M 10}U8J0 'smel tom aouelidwo3
•uo!;ed!o!ped Lions ;pied 04 aw14 04 awl; w0J; IsenbeJ Aew Japuai se s4UewnJ}su! yons Japuai 0;'peJen!lep eq 0; asneo
.10 'lenpep H!M Jo ;U8J9 pug '83!090 uMO S,Jepuei 40 lesunoo Aq 6ulpaeoold ey4 u! peluesaldaJ eq 01 Pue 6u!pea0old 8144 u! eled!31ped 04 paH!4ue
eq Heys Japuai 4nq '6u!pea3old yons u! Aped leu!wou 844 eq Aew Jo;ueJO •esuadxe s,JO }ua2O ;e !31408 844 puelep Heys Jo;ue2O 'a6e6poW
S!41 Japun Jepuai 43 4s8Je ;u! 84410 8144; s,JOlu8J9 suo!4senb ley; pe3U8ww03 s! 6U!Peeoold Jo U01438 Ave 4U8ne ey4 u! •suosied Hs 40 sw!el0 14Me!
ay; 4su!e6e AIJedOJd 844 0; 811 ey; pu84ap JeneJo4 !pm pue s;ueJJeM 234!820 'enoge ydeJ6eJad ey; u! uo! ;deoxe ay; o ;;3efgng •911!1 4o °suaiao
•Japuai o; e6e6poW sly}
Janliap pue 84939x9 0; A ;uo91ns pue 'JaMOd ';1464 1191844 say 104U81O (q) pue 'e6e6poW 9N; 41!M U01 ;38uU0O u! Jepuai 'Aq pe ;de33s pug '40 J0n ?4
u! panes! uo!u!do el!4 181114 10 4JOde1 eI ;H 'Ao11od eoueinsu! 01114 Aug u! .10 uo!IdU3sep Apadold !eau 044 u! ypo4 ;es 05014; mg Jayl0 seouelgwnoue
pug sue!! 118 40 Jeep pue a8)4 'ejdwls eel ul AlJadold 044 0; p1o30J 4o ef1H elq? ;evgw pue pooh spot.' Jo4uel0 (e) :484; S4Ue1JeM Jo1ue)0 '914!1
•a6e6poW 5144 4o pad E 018 Apadold NI 40 dlys.euMO 04 61.1I1e40.1 SUO!S1A0)d 610\01104 041 '311!1 dO 3SN3d3o !A1NVHHVM
'pay entity pinoM es!MJay40 41 ley; Apewa2 Aue W0J4
g abed
(penui}uo3)
t C 450 81.17Z0o179 ON ueoi
�z -zo -so
05 -02 -2001 0 8 r 3' 0
Loan No 64002418
MORTGAGE
(Continued)
6 9
Page 4
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 of any of the Indebtedness or any Guarantor dies
or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. 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 the Event of Default.
Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance
of the Indebtedness is impaired.
Insecurity. Lender in good faith deems itself insecure.
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 occurrence of any Event of Default and at any time thereafter but subject to any limitation in the
Note or any limitation in this Mortgage, Lender, at its option, may exercise any one 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 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.
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 Property, with the power to
protect and preserve the Property, to operate the Property 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 Property 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.
Deficiency 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 Property is sold as provided above or Lender otherwise
becomes entitled to possession of the Property 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 Property, 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 Note or available at law or in equity.
Sale of 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 of 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 of 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 compliance.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 time 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 until
repaid at the rate provided for in the Note. 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 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 telefacsimile (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 notices 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. For notice 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
matters 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.
Annual Reports. If the Property is used for purposes other than Grantor's residence, Grantor shall furnish to Lender, upon request, a certified
statement of net operating income received from the Property during Grantor's previous fiscal year in such form and detail as Lender shall require.
"Net operating income" shall mean all cash receipts from the Property less all cash expenditures made in connection with the operation of the
Property.
Applicable Law. This Mortgage has been delivered to Lender and accepted by Lender In the State of 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 merger of the interest or estate created by this Mortgage with any other interest or estate in the Property at any time
held by or for the benefit of Lender in any capacity, without the written consent of Lender.
Severablllty. 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 persons or circumstances. If feasible, any such
sagdxe uoIsslwwoa
1NTLZtHN13Hg9Z 'Edg9Z'EdEoD iv ouI' 99000 J 9 soJd Hd01002 (o)LZ'E'Jan "1!0'W'1V'1Ed's'n 'Oad U2SV1
-s CSI
'uoi ;eiodio ey ;o;leyaq 6e6po01 ayl; noaxa
ul pue abe6pow sly; elnoexe o; pezuoy;ne sl ays JO ey ;By; pa ;e ;s y ;eo uo pus 'peuol;uew Malay; sesodind pue sesn ey; Jo; 'sJo ;oanp pJeoq
SI! ;o uolinloseJ Aq Jo sMelAg sll ;o Awoy;ne Aq 'uol ;sJodJoo ey ;o peep pue los AJelunlon pue eel; ey} eq o; 86e61Jow ey; pe6pelMouNoe pus 86e6pow
ey; pe ;noaxa ley; uol ;eiodioo ay; ;o lue6e pez!Joy ;ne ue eq o; ew o; uMOUx pus "ONI 'NOS it 1 �V 1 '3 1 1N3OIS3Hd IA `1HVHNI3!!
3ON3df1V 1 peieedde �(Heuosied 'oHgnd tie ;oN peu6lsiepun ay} 'ew ago ;eq 1 0 N r "�k1 ;o Aep 1 sly; up
S abed
(Hal d0 31V1S
lend AIN1ON
11:I3V'4OOiNOW 'i
029
;e Buiplseu
(penuftuo3)
39V0111
ss
iNJVJDO IMONNOV 3IVHOdHO3
'SIN2i31 all 01 S33H0V a01NVHJ aNV `30V01UOW SIH1 dO SNOISIAOdd
alstS a AN pue ul ollgnd tieloN
As
dO A1Nn03
dO 31V1S
1 'ON 13H'O
•EIO1NYEID
MON)IOV H01NVUJ
•peJlnbei sl !uasuoo yons eieq, seouelsul ;uenbesgns
o} !uasuoo 6ulnul;uoo a nlllsuoo ;ou Heys eouelsul Aue u! aapuei Aq !uasuoo yons ;o 6ul ;uej6 ay; 'a6e6pow s!y; u! pennbei sl Japuei Aq !uasuoo
ieneuegM •suol;oesuuil am ;n; Aue o; se suol;e611go s,io ;ueJp ;o Aus JO s ;y8u sdepue ;o Aue ;o aanleM E e ;n ;l ;suoo Heys 'Jo;ueJp pue Japue
uee ;eq 6ulleep ;o esmoo Aue you 'iopuai Aq aanleM Jo!Jd oN 'uo!slnoad iay ;o Aue JO uols!noJd ;NI yl1M eouslldwoo ;op ;s puewap o} eslavay ;o
;y6!.i s,A ;Jed ey; eolpnfaid Jo ;o Jan!eM a a ;n;msuoo ;au Heys a6e6pow sly; ;o uolslnoJd e ;o Aped Aue Aq J8AIBM y 11.161u Jay ;o /(us Jo ;y6p yons
;o Jan!BM a se e;eiedo Heys ;y6u Aue 6ulslojexe ul aepue- ;o ;Jed ey; uo uolssiwo JO Atlap oN •Japuei Aq peu5is pue 6Ul;IJM ul s! aanleM yons
ssewn (s ;uewnooa pe ;elalj ey; Jepun Jo) a6e6pow sly; iapun s;y8p /we penleM eneg o; pawaep eq ;ou !Heys iepue •s ;uasuoo pue sJanleM
•a6e6pow s!y; Aq pemoes sseupelgepul He o; se 6ulwoAm
;o a ;e ;s ey ;o sMeI uol ;dwexe pee;sewoy ey ;o s ;ijeueq pus s ;y6u He San!eM pue seseeiea Ageieq Jo ;ueig 'uoI ;dwax3 peeisewoH to J A!BM
•e6e6pow sly ;o eouewoped ay; u! eouesse ey; Jo s! ew11 •aouass3 eq ;o sl awl!
•ssaupa ;gepw ey; Jepun Allpgs!! Jo 86e6pow sly suolle6Hgo ey; woe; io ;ueJp 6ulseeleJ;noylum uo!sueixa JO eoueieegio;
;o /(BM Aq sseupe;gepul ey; pue e6e6pow sly; o; eoueae ;aJ y;lM saossaoons volume y ;lM leap i(ew 'mime o; eol ;ou ;noy ;lM 'aapue
'Jo ;ueJD uey; Jay ;o uosied a ul pe;sen sewooeq Apedwd ay; Jo dlysJeuMo ;I 'su6lsse pue saossaoons Jlay; 'sewed ey ;;o;i eueq ey; o; emu! pue
uodn 6wpulq eq !lays a6e6pow sly ;sere ;ul s,ao ;uelp ;o Je ;sueJ; uo a6e6pow sly; u! pe ;e ;s suol ;e ;lwiI ey; o ;oafgng •su6lssy pue wosseaons
'eigeaOJo;ue pue Allen ulsweJ Heys s;oadsei iey ;o He ul a6e6pow sly ;o suolsinoid iey ;o He pue ue op ;s eq Heys 1! 'pewpow os
eq ;ouueo uo!slnoid 6ulpuelso ey; I! 'ianeMOy :A ;lp!!en Jo AllllgeaoJo ;Ue o s ;iwm ey; my ;1M eq o; pal ;!pow eq o; pawaep eq Heys uolsinoad 6u!puego
9I.17Z00179 oN ueoi