HomeMy WebLinkAbout872761RECORDATION REQUESTED BY:
First Security Bank, N.A.
DEPT. QUALITY REVIEW
P.O. BOX 37
BOISE, ID 83707
WHEN RECORDED MAIL TO:
Frst Security Bank, NA.
DEPT. QUALITY REVIEW
P.O. BOX 37
BOISE, ID 83707
First
Security
Hank.
11
11
101
FA209
72761
1
1 1
Ai
RECEIVED
LINCOLN COUNTY CLERK
o 1 APR 20 Vii; 1 I: 04
JEANNE '`'fAG(NER
KEMMERER, WYOMING
B004 PR PAGE 7 4 9
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MORTGAGE
THIS MORTGAGE IS DATED APRIL 13, 2001, between FRED A PIERCE and LAVENA C PIERCE, not personally but
as Trustees on behalf of THE FRED PIERCE AND LAVENA C PIERCE LIVING TRUST DATED JANUARY 22, 1992
under the provisions of a Trust Agreement dated January 22, 1992, WITH TITLE VESTED AS: FRED A PIERCE
AND LAVENA C PIERCE, TRUSTEES OF THE FRED PIERCE AND LAVENA C PIERCE LIVING TRUST DATED
JANUARY 22, 1992, whose address is 182 TEALA DRIVE, ETNA, WY 83112 (referred to below as "Grantor
and FIRST SECURITY BANK, N.A., whose address is 116 SOUTH MAIN, THAYNE, WY 83127 (referred to below
as "Lender
GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to Lender all of Grantor's right, title, and interest in and to
the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
easements, rights of way, and appurtenances; all water, water rights, watercourses and ditch rights (including stock in utilities with ditch or
irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas,
geothermal and similar matters, located in LINCOLN County, State of Wyoming (the "Real Property"):
LOT 9 OF HENRY'S MOUNTAIN ESTATES, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE
OFFICIAL PLAT THEREOF.
The Real Property or its address is commonly known as 182 TEALA DRIVE, ETNA, WY 83112.
Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all leases of the Property and all Rents from the Property.
In addition, Grantor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
DEFINITIONS. The following words shell have the following meanings when used in this Mortgage. Terms not otherwise defined in this
Mortgage shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean
amounts in lawful money of the United States of America.
Credit Agreement. The words "Credit Agreement" mean the revolving line of credit agreement dated April 13, 2001, between Lender and
Grantor with a credit limit of $150,000.00, together with all renewals of, extensions of, modifications of, refinancings of,
consolidations of, and substitutions for the Credit Agreement.
Grantor. The word "Grantor" means FRED A PIERCE and LAVENA C PIERCE, Trustees under that certain Trust Agreement dated January
22, 1992 and known as THE FRED PIERCE AND LAVENA C PIERCE LIVING TRUST DATED JANUARY 22, 1992. The Grantor is the
mortgagor under this Mortgage.
Guarantor. The word "Guarantor" means and includes without limitation each and all of the guarantors, sureties, and accommodation
parties in connection with the Indebtedness.
Improvements. The word "Improvements means and Includes without limitation all existing and future improvements, buildings,
structures, mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real Property.
Indebtedness. The word "Indebtedness" means all principal and interest payable under the Credit Agreement and any amounts expended or
advanced by Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this
Mortgage, together with interest on such amounts as provided in this Mortgage, Specifically, without limitation, this Mortgage secures a
revolving line of credit, which obligates Lender to make advances to Grantor so long as Grantor complies with all the terms of the Credit
Agreement. The lien of this Mortgage shall not exceed at any one time $150,000.00.
Lender. The word "Lender" means FIRST SECURITY BANK, N,A., its successors and assigns. The Lender is the mortgagee under this
Mortgage.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender, and includes without limitation all assignments and
security Interest provisions relating to the Personal Property and Rents.
Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
owned by Grantor, and now or hereafter 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 property, interests and rights described above in the "Grant of Mortgage" section.
Related Documents. The words "Related Documents" mean and Include without limitation all promissory notes, credit agreements, loan
agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements
and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived from
the Property,
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ALL OBLIGATIONS OF GRANTOR UNDER THIS
MORTGAGE AND THE RELATED DOCUMENTS. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor shall pay to Lender all amounts secured by this
Mortgage as they become due, and shall strictly perform all of 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
APR 1�8�24
RightFAX MM. 12
P £ti'39Ud XHdP4b ?8
9E:80 TO, £S adU
se Jo 'weJBOJd eouelnsul pool- leuo!1eN eql Jepun 189 sip!! Aowod wnw!xew eyi of do 'ueo( 891 6u!Jn0es Apedoid 9 uo sue!' Jo!ld
Aue pue ueol mu. 10 eoueleq Ied!ou!Jd p!edun IIn1 mu 101 eouelnsul pool- !eJepej u!e1u!ew pue uielgo of sesl6e JoweJ9 '8918 piezeq pool}
!Bloods e se A0ua6y 1U9W9 Buen AoueOJew3 lelepej e91 10 Joioeila eyi Aq peieubisep eels ue u! p81e001 ewooeq ewii Aue le AlJedoJd
lees syl p!nous 'uosled 18910 Aue Jo 101(1BJ9 10 10nelep Jo uoisslwo '208 Aue Aq ABM Aue u9 penedw! eq sou Him Jepuel }0 JOAB1 u! eBelanoo
1 Bu!pinold luewesiopue ue epniou! Heys osle A0!Iod eoueJnsu! 9083 •eo!lou Lions 8n!6 01 (mpg} 181 Al!I!ge1' s,Jelnsu! eU1 10 Jew!elos!p
Aue Buiu!e2Uo0 sou pue Jepuel 01 a00oU ue1!JM JoIJd ,sAep (01) UO2 10 wnw!u!w a inoyl!M peys!u!w!p Jo peHeoueo eq sou H!M eBelanoo
lays uo!lelnd!ls a Bu!u!ewoo Jelnsu! ;pee W011 efeJenoo 40 seleo! }!1Jeo Jepuel of Jen!lep Heys Jo2ueJ0 •Jepuel of elggldeooe AlgeuoseeJ
eq Aew se um! Lions u! pue se!uedwoo aoueinsu! Lions Aq ueu!1M eq Heys se!o!lod 'e1!nbal Aew Jepuel se Oouelnsu! Jal!oq pue uo!ldnilelu!
sseuisnq 'plezey 02 pel!w!I Jou inq Bu!pnIOu! 'eOUBJnsu! 10910 Lions u!eiu!ew Heys JoweJO 'A!leuo!1!ppy 'se!OHod eouelnsu! A1!!!ge!I Sons u!
speJnsu! Ieuo!1!PPe se peweu Bu!eq Jepuel y1!M isenbei Aew Jepuel se S2Unowe aBeleno0 40119 u! eouelnsul Al!I!gey leJaue6 en!sueyeldwoo
uielu!ew pue elnmold os(e Heys JoiueJ9 'Jepuel }0 lone} u! esnelo eebeBUOw pJepuels e 141!M pue 'esnep eoueinsu!oo Aue 10
uoileolidde pone of we!o!11ns wnowe ue uI AlJedoJd lee8 0141 uo sluawenoJdw( ne Bu!JanoO amen e!geJnsul Iln} 942 101 slseq lueweoeldel e
uo swewesiopue e0BJeno0 pepualxe pJepuels yl!M eouelnsu! 9n1. 10 se!O!Iod uie1Ulew pue einooJd Heys Jo1UeJ9 •aOUeJnsul 40 aoueuelu!ew
•ef)eOpoIAJ S!g110 Lied e 819 AlJedoJd 991 6(1!109(1! 01 bu!le(e1 suo!SIAOJd Bu!MOl(o}
9 41 '3ONV2MSNI 39V1A1V0 Alll3dO!!d
•sluawenoJdw! 14009 10 ism 991 Aed i((M pue ueo JoweJO 10141 Jepuel 01 AJol081slles
seoueinsse GOuenpe Jepuel 01 yslulnl lepuel 10 isenbei uodn (!M 1o1Ue19 '00'000'9$ speeoxe ism eq1 pue s!e!Jelew Jo 'seo(AJas ')(JOM
e(41 10 luno00e uo P92109se eq pino0 ue( 101410 Jo 'ue!! s,uew!e!Jalew 'ue!I s,0!ue(40ew Aue 'AlJedoJd mu 01 pelddns ale s(epelew Aue
Jo 'peys!uJn} 818 990(AJ9s Aue 'peOuewwo0 s! 1IJ0M Aue eJoleq sAep (91.) U9811!1 Ism le Jepuel Alliou Heys 101U919 •uoponjlsuo3 40 03140N
'AlJedoJd 941
ISUI8 a sluewssesse pue sexes eyl 10 lueweleis uell!JM a BILK Aue le Jepuel 01 1en!lep 01 (8!01110 IB1UeWwenoB ele!Jdoidde 8141 9z11o(4lne
!legs pue sluewssesse Jo 98x81 941 40 wewAed 10 e0uep!ne AJOlee1813eS lepuel 01 14sluinl puewep uodn Heys JOIUel9 •luawAed 10 eauep(n3
•9Bu!peeoojd 1981000 e(41 u! pegs!wn1
puoq AleJns Aue Jepun eaBogo leuo!1!ppe ue se Jepuel eweu !legs JoweJO 'AlJedoJd 091 isuleb8 1UGWa0JO1ue 01o19q 1Uawbpn1 esJ9npe
Aue AISIles Heys pue Jepuel pue 11891! puelep Heys JolueJ9'1s91uo0 Aue u! •ue!( 9(411E/pun ales 10 elnsol08101 a 10 llns9l a se en100e pinoo
28141 seBJey0 1ey10 10 see} ,sAewoue e(geuoseeJ pue 91900 Aue sn(d Uel ey1 efiJe14os!p 01 1Uei0!11ns lunowe ue u! Jepuel 01 AJOloe }s!les
Alines 19yio Jo puoq Aleins eleJOdloO 1UOIO(l }ns 8 10 14Se0 Jepuel 41!M 1lsodep'Jepuel Aq pelsenbel 11 10 uell 84110 e6Je(4os!p 8141 (Imes
Bu!11 ett110 eopou sett 1owe10 191 0 sAep (g1) ueeu!1 U!141M 'pe(!1 s! Uell a 1! 'Jo walla U8!( 94118119 sAep (91) Ue81 }!1 U10M netts Jo3UeJ9
'1UOWAedUOU }0 1lnsel a se palll•s! 10 ses!1e ue!( 8 11 •pez!pledo8( 1ou 9! AlJedold ey1 u! 1seJalu! s,Jepuel se Buol os 'Aed o1 uo!1e6!(go
991 JOAO einds!p .141!81 pool a y1(M uo!IOeuuoO u! w!e(0 Jo 'luewssesse 'xel Aue 10 luawAed pio4yi!M Aew 101UB10 1981903 01 34
•ydeJBBled BU!MOilo}
941 u! pep!AOJd eS1MJe410 se 1de0xe pue 'enp 1ou sluewssesse pue sexes 10 U81( eyl Jo} ide0xe '813e1311o0; s!Li1 Jepun Jepuel 10 1seJelu! 891
of lenbe Jo JOAO Al!104Jd BUTABy suers He 10 eel} ApedoJd 8141 u!e1u!ew netts 1oIUeJ9 'AlJedoJd 891 01 pals!UJn1 (e!JaleW Jo p0Jepuel saoimes
101 10 uo euop 1!1oM 10} sw!el0 119 enp uayM Aed hays pue 'AlJedoJd 942'10 wno00e uo 10 isuleD8 pe!ne( seBJey° e0!nJeS JeMes pue saDleyo
Jelem 'sluewssesse 'sexes !epode 'sexes (oJAed 'sexes Ile (AOuenbu!(ep 01 1o!1d swami (8 u! pue) enp uayM Aed Heys JoIUel9 •luawAed
'e6eD11on s!(42 10 pad e 818 AlJedold 091 Uo sueli pU8 sexes 8141 01 Bu!lelel suo!s!noJd BU!MO!!o} 81 41 •SN3I1 CINV S3XV1
'Me( 6u!woAM Aq Jo Me( impel Aq pellq!4oJd s! es!OJaxe
1401 .lepuel Aq pes!01axe eq sou Heys uoµdo s!tt1 'J9neMOH JO1UBJO 40 'eq Aew 9980 8141 se 'slselew! Auedwoo A1!I!ge!l pel!w!l 10 slsOJaw!
digsiouped'Jl001s 6u!1on 8142 10 %9Z) wooled en9- AIuOM1 ue141 BJOW 10 d!ysleuMO u! O6uett0 Aue sepnl0u! 09(8 JalsueJl'Auedw00 A2H!ge(I p91!W!I
Jo dIgsJeuped 'uo!1BJOdJo0 a s! Jo1ue10 Aue }1 'lselelu! AlJedoJd 0898 10 BOUeAenuoO 10 poylew 18(10 Aue Aq Jo 'AlJedoJd (e96 9141 018(1!1 Bu!ploy
28011 pue( Aue 01 Jo u! 1seJew! sell! }eueq Aue 40 Je }sueJ1 10 'iuewu6!sse 'ales Aq Jo '1Oe13uo0 uo!1do -weal 'sjeeA (E) 98141 (18(41 iaiee16 WIOl
e yip lselelu! Ployeseel 'peep 101 1Oe13UOO 'lOeJluoO pue! '1Oe11uo0 ales luewileisu! 'peep 'ales 2146!1100 Aq JeyleUM ;Alelunlonui Jo AJewn!on
J811101M :e(gel!nbe 10 (e!0! }eueq 'Teel Jey1814M ;(1!91891 1SOJ91u! 10 eµ!1 '21(6!1 Aue 10 AlJedoJd 1898 10 (=BAG/woo ey1 sueew „J919UB11 Jo ales„
v 'AlJedoJd (098 EBB u! lsOJelu! Aue 10 'AlJedoJd (eau 8140 10 11ed Aue 10 lie 10 '1uOsuo0 uallllm JoIJd s,Jepuel 0142 1noy1IM 'Je }9(1811 Jo ales 8141
uodn e6e62OysJ 9191 Aq peJnOes swns He e1QeAed pue enp A!ele!peww! eieloep 'uoudo 91! le 'Aew Je
Hues 'H30N31 A9 1N3SNOO 3 IVS NO 300
'AlJedoJd
syl enJeseld pue 109101d 01 Alesseoeu A!geuoseel 918 Apedold 8141 40 esn pue Je10eJey0 9141 W011 (plum 'impels s!yl u! enoge 9UO1 les sloe
eso(41 01 uoµ!ppe uI 'sloe 181410 He op netts 10we10 •A11edo1d 9141 pepUeUeun eneel JOU uopuege 01 1ey1!eu seei6e 10we19 •loaloJd 0l Alnj
'lselelu! s,lepuel loeloud 02 'Jepuel 02Aloloe}sµesAlgeuoseeJ
'puoq AleJns a Jo Ai!lnoes eienbepe (sod 01 101U819 el!nbel Aew Jepuel •pez!pledoel sou ale AlJedoJd 8111 u! Sls9Jelu! s,Jepuel 'uo!u!do elos
s,Jepuel u! 'se Buol os pue os Bu!op 01 JoIJd Bu!1!1M u! Jepuel pe! }430(1 say JOwe19 se 6uo( os 'sleedde e1e!JdoJdde 6U(pn(Ou! 'Bu!pee0old
Aue 6Ullnp e0uelldwo0 ployyi!M pue uo!1eln6eJ Jo 'eOueu!pJO 'me! 90ns Aue 41(84 pooh u! 1seI000 Aew JOweJ9 •109 sellll!ges(a yl!M
sue0!J9wy 941 'uo!lel!w!( 1no14UM Bu!pn(OU! 'AlJedoJd 8141 40 Aouedn3OO 10 esn 0141 02 aigeo((dde sei!1oglne Ie1U9wuJ9no6 119 10 '20811e u!
Jeuee1911 10 Mou 'suoµe(n6e1 pue 'seOueu!plo 'sMe! lie 141!M Aldwoo A(ldwold Heys JolueIO •eluawaJlnbaa Ieluawwanop 421• eauewdwo0
•e6e64.io(N 9!9110 suo!i!puo0 pue swJel 842 41!M eQue!(dwo0 s,lolueJO 10 sesodlnd 101 AlJedoJd 091 lOedsu! 01 pue slselew! 9,1epuel
01 pUe11e 02 sewn e!geuoseeJ ee 1e AlJedoJd Ieea 941 uodn 1eiUe Aew s9nµeweseJdal pue swans 92! pue lepuel •Jalu3 0l 14693 s,Japual
'amen ienbe 1988( le 10 sluewenoldW! 142!M S1U8WOnoldWl y0ns 908Id81 02 Jepuel
01 AJOlOe }s!les sluewe6uBJle 811ew 02 loluel0 e1!nbeJ Aew Jepuel 'sluawenoJdw Aue 10 (enoweJ 991 01 (10µ!p(100 a s1( 'lepuel 40 1Uasuo0
u911!Jm JoIJd 892 1no141!m AlJedoJd lBe2i 9 42 W011 s2uewenOJdWl Aue OAOW9J Jo gs!(owep 1oU Heys JolueIO •sluawenoJdw! to !snowed
lepuel
10 wesuo0 ueu!.lM JoIJd 992 2noy1!M slOnpold 11001 10 Iene16 'Hos '(se6 pue (!o Bu!pn(ou!) s(eleU!W 'legwl Aue 'enoweJ 01 ly6!J 841 Aped
Je (4lo Aue 02 1ue16 10'9n0W9110U HIM 1owe.l9'Bulo69Jo1 04110 A1Heleue6 eyi 6up!w!! lnoyl!M 'Apedold 014110 uoµlad Aue Jo AlJedoJd 8141
02 10 uo 81sem Jo 10 Bu!ddllls Aue J811nS JO '1!wled '11ww00 JOU eOues!nu Aue 11Wled Jo 10npuo0 'esne0 sou Heys JolueJO •elseM •epueslnN
'es!Mleglo 10 91090100101 Aq 18yleLiM
'ApedoJd eye u1 1seJew! Aue 10 uo!1!s!nbOe s,lopuel Aq p810a11e eq sou Heys pue e6e621001 9111 40 ueH aye 10 BOUeAOA000e1 pue (10µ08}9µw
eyl pue sseupe clepui 942 10 luawAed 0141 en(nlns (legs 'A1luwepu( 01 uo!1e6ngo 9141 Bu!pn(Oul 'e6e6poW 992 40 uoµ0es 91141 10 suo!slnoid
atl
•seiiiedold 942 uo 80u61Sgns 1O elsBM snopJezey a 10 8988181 peuelea1 10 9988181 'lesods!p 'e6elols 'elnloelnuew 'uo!leleue6
'esn Aue 10 eouenbesuoo a se 10 e6e6poIN 8141 10 uo110es situ 10 (40891q a W011 Buµlnse1 101108 10 u!elsns Aµ0e1!pu! 10 Aµ0e111p Aew
Jepuel (4O!ym sesuedxe pue 'se!ileued 'se6ewep 'se!1!!Ige!( `sesso( 'sw!e10 1(8 pue Aue 2suleee Jepuel sse(wley ploy pue A1!uwepu! 01 se918e
(q) pue 'smel Lions Aue Jepun moo 1e(lo Jo dnueelo 101 ape!' sewooeq 1o3UB.l9 wen() eye u! uo!ingpwoo Jo Al!uwepu! 101 Jepuel 19u!eBe
sw!e(o 810101 Aue 98AIeM pue sesee(91 (e) AgoJey =tug 'se0uO1sgns snopJezey pue alsem snopJezey 101 ApedoJd 992 Bu!1e6!lsenu!
u! eoue6!I!p enp 9,JOIUeJ9 uo peseq 919 Maley peu!eluo0 se!lueJJem pue SUOI18lUeseJdel e41 •uosled 101410 Aue 01 Jo loluel0 0l Jepuel
10 Lied au uo Al!(!ge!I Jo All(IgISUOdseJ Aue 01ee10 01 pe0Jisuo0 eq sou Heys pue A(uo sesodind S,Jepuel 101 eq Heys Jepuel Aq spew 919e1
Jo SUO4lOed9U1 Aug 'e68B2J0 J ey1 10 uo!3oes 9(41 yl!M AlJedold 891 10 80ue!ldwo0 eu!wlelep 02 ele!Jdoldde weep Aew Jepu91 se 'esuedxe
S,JO1UBJO 1e 'sisal pue suo!108dsu( yOns e)lew 02 Alledwd 8141 uodn Awe of sluebe 911 pue Jepuel sez!loylne 1o1ue10 •enoge pequosep
seoueu!plo pue 'suoµeln6e1 'sore! esotl uo!1ellw!i lnoyl!m 6u!pn(OU! 'seoueu!plo pue suo!le10691 'sMe( 18001 pue '92e1s '4910p94 e(geo(ldde
1( 411M 90ue!(dwo0 u! pel0npuo0 eq Heys Al!n1108 140ns Aue pue AlJedold 9112 W011 Jo lnoge '19pun 'U0 90uelsgns Jo e198M snopJezey
Aue 8988481 10 '10 esodsip '18912 '91019 '91nloe }nuew '9181BU96 'esn Heys Apedold 8141 40 lean pez!loylne 19410 10 wO6e '1010911(100 '1UeU91
Aue IOU 101UBJO 194149(1 H) '6U111JM 114 Jepuel Aq pe6peiMoulloe pue 01 pesolOSlp A!sno(neld se ldeox3 (o) pus :SJe11ew Lions 01 6uµelel
uosled Aue Aq pull( Aue to swel0 10 uo!196!2!( peucpeext1 J0 190109 Aue 10 AlJedold 8 (41 10 swedn00o Jo SJOUMO Joud Aue Aq AlJedold
941 W011 10 2n0ge 'Jepun 'uo 80ue1sgns 10 e2seM snopJezey Aue 10 weasel peualealy1 JO '8999181 'lesods)p 'luawle911 '8691019 '91n10e4nuew
'uo(1919ue6 'esn Aue '6u11!JM ul Jepuel Aq pe6pelmoul(0e pue 02 pestmmS!p Aisno!nald se 'demo 'uaaq sett 81041 29(41 ene!leq
01 U09881 Jo '10 86pelMOU1( ou sett JoweJD (q) :AlJedold eyi wo11 10 1noge 'Jepun 'uo uosied Aue Aq e0uelsgns Jo 81seM snopJezey Aue
10 eseele1 peualeal JO es89481 'lesods(p 'wewleeII '9681029 'eJn10e4nuew 'uollelaU86 'esn ou uaaq sett e1e (41 'AlJedold 9142 10 d9;s19UMo
s,JO1ue19 10 po!1ad 8141 Bu!Jn0 (e) ;18141 Jepuel 01 SIUBJJem pue swesaJdal 1o1ue10 •solsegse pue 1081941 (10410e11 Aue 10 slonpold -Aq
wneloJled pue wne(o11ed 'uoµel!w( 1noy1!M 'epn(OUI osle Heys „e0uelsgns snopJezey„ pue „e2seM snopJezey„ SWJel 841 '6(14069101 891
10 Aue 02 luensJnd peldope suo!le(n6eJ 10 '99101 'sMe( (BJeped 10 ems elgeo!(dde 1e143o Jo bas 29 1069 uo!10eS '0'S' fl Z1 '2OV Aleno088
pue uo!1enlesuo0 e0Jnos9a mu 'bee 19 '1081, uo110eS 'O'S'fl 617 '109 uo!3epodsue4 s(e!1ale1N snoplezBH ayl „V VS 6617 ON
'1 'qnd '986; 10 soy uo!lez!loylnee8 pue siuewpuewy punllednS 8142 '(.V10830 'bas le (096 uo!108S 'O'S'fl et 'Pepuewe se '086 10
ioy A1HIgenl pue 'uo!iesuedwo0 'esuodse8 IeIuewu0.0nu3 en!sueyeldwo0 a (41 u! tt11o1 les se s6UIUeew ewes 941 (nett Heys '96e6po1N 9!91
ul pears se „'ese9191 peualealyl„ pue ,'esee191,, „'(esodslp,, „'eouelsgns snopJezey„ „'81seM snopJezey„ 9wia1841 •seouelsgns snopJezey
'9nlen 91! 9AJ999Jd 01 A1999000U 0OUBU81UIBW
pue 'slueweOB(de1 '91(edeJ He W1o11ad Aµdwold pue uo!1(Puo0 e((Biueuel u! Apedold 8 (41 u!elulew wigs Jowel9 •ulelu(ew of Ain0
Auedold 941 W011 slued 941
208(400 pue AlJedoJd 8141 ebeuew pue elelndo pue 10 (011000 pue uo!ssessod u! UIBWa1 Aew J01(1e10 'llnel9p u! I!1u9 'esn pue uo(ssessod
auo!s(nold 13u!Mol(o1 941
aged
(panuquo3) 5EZ609 ON ueo
EL-170
04 -13 -2001 8727C1 Loan No 609235
MORTGAGE
(Continued)
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 if the estimated cost of repair or
replacement exceeds 1,000.00, Lender may make proof of loss if Grantor falls 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
Hen 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.
EXPENDITURES BY LENDER. If Grantor tails to comply with any provision of this Mortgage, or it 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 Credit Agreement 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 credit line and be apportioned among and be payable with any installment payments to become due during
either (1) the term of any applicable insurance policy or (ii) the remaining term of the Credit Agreement, or (c) be treated as a balloon payment
which will be due and payable at the Credit Agreement's maturity. 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 from any remedy that it otherwise would have had.
WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Mortgage.
Title. Grantor warrants that: (a) Grantor holds good and marketable title of record to the Property in fee simple, free and clear of all liens
and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title opinion
issued in favor of, and accepted by, Lender in connection with this Mortgage, and (b) Grantor has the full right, power, and authority to
execute and deliver this Mortgage to Lender,
Defense of Title. Subject to the exception in the paragraph above, Grantor warrants and will forever defend the title to the Property against
the lawful claims of all persons, In the event any action or proceeding is commenced that questions Grantor's title or the interest of Lender
under this Mortgage, Grantor shall defend the action at Grantor's expense. Grantor may be the nominal party in such proceeding, but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and
Grantor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such
participation,
Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Property complies with all existing applicable laws,
ordinances, and regulations of governmental authorities,
CONDEMNATION. The following provisions relating to condemnation of the Property are a part of this Mortgage.
Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or
purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied to
the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of all
reasonable costs, expenses, and attorneys' fees incurred by Lender in connection with the condemnation.
Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and Grantor shall promptly take
such steps as may be necessary to defend the action and obtain the award. Grantor may be the nominal party in such proceeding, but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own choice, and Grantor
will deliver or cause to be delivered to Lender such instruments as may be requested by it from time to time to permit such participation.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes,
fees and charges are a part of this Mortgage:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Mortgage and take
whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Grantor shall reimburse Lender for
all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Mortgage, including without
limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Mortgage.
Taxes. The following shall constitute taxes to which this section applies; (a) a specific tax upon this type of Mortgage or upon all or any
part of the Indebtedness secured by this Mortgage; (b) a specific tax on Grantor which Grantor is authorized or required to deduct from
payments on the Indebtedness secured by this type of Mortgage; (c) a tax on this type of Mortgage chargeable against the Lender or the
holder of the Credit Agreement; and (d) 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 applies is enacted subsequent to the date of this Mortgage, this event shall have the
same effect as an Event of Default (as defined below), and Lender may exercise any or all of its available remedies for an Event of Default
as provided below unless Grantor either (a) pays the tax before it becomes delinquent, or (b) contests the tax as provided above in the
Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other 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 or other
personal property, 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 Rents and Personal Property. In addition to recording 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 perfecting or
continuing this security interest. Upon default, Grantor shall assemble the Personal 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.
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.
FurtherAssurances. At any time, and from time to time, 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
rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, 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, perfect,
continue, or preserve (a) the obligations of Grantor under the Credit Agreement, this Mortgage, and the Related Documents, and (b) the
liens and security interests created by this Mortgage as first and prior liens on the Property, whether now owned or hereafter acquired by
Grantor, Unless prohibited by law or agreed to the contrary by Lender 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 to in the preceding paragraph,
FULL PERFORMANCE. If Grantor pays all the Indebtedness when due, terminates the credit line account, 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 the Rents and the Personal
Property. Grantor will pay, if permitted by applicable law, any reasonable termination fee as determined by Lender from time to time.
APR 08:2'7
RightFAX 1111111E.14
Page 3
P r-
ST'3JFJd XUA 4b>:d 8Z:B0 T0, ET adt1
•e6ebnon s!yl Aq pelnoos sseupelgepu! Ile of se BugwoAM to
erns ow to sMei uopdwexe peeisawoy ail to sl!lauaq pue 910!J ile sen!eM pue seseelaJ Age1oq Joluel9 •uopdwex3 pee ;s9woH ;o ien(eM
•e6eDllo(nl s!y110 e0uew10 11ed sty u! 83U9s00 911110 sI ew!l '00119893 ay; }o Si ewlu
•sseupelgepul eq1 Japun Ai!Hge!I Jo efiebnon s!y1 to suo!leDllgo ey1 W011 loluel0 Bu!seelei lnoyl!nn uo!sue)xe Jo eoueleegiol to ABM Aq
Sseupalgopul a (41 pue e6eb11on 91(41 01 00ue19491 yl!M siosseoons 9..loweip yl!M leap Aew '101ue19 0l 90(Ou lnoyl!M 'lepual '101ueJ3 ueq
Jeylo uosied e u! poison sewooeq Auedold 841 t0 d!ysJeumo 41 .subisse pue slosseoons 1!ayl 'sallied Epp to 1!18uaq ey1 01 910g pue uodn
Buipuiq eq Heys ebe6uo1N 9 !41 Isamu! s,loluel9 to 1a1sue11 uo 99110 0 91(41 u! pe191s suo!lel!wy 841 01 loefqns •su6lssy pue siosseaans
•e'geeoiolue
pue men u!ewel Heys sloedseJ Jeylo He u! ebebnon 9!111 to suols!naJd 19(410 He pue ue11ou s eq Heys 1! 'pe!1!pow os eq louue0 uoysynold
Bu!puatlo eyl 1! '1en0M011 :A1!p!!en 10 Alli!gea0lolue to 91!w!I eyl u!yl!M aq 01 pawpaw eq 01 peweep eq Heys uoIs!nald BU!puello Lions Aue
's1Qlseat 41 seouelswnol!o 10 suosied leylo Aue 01 se eigeoolotuaun 10 pHenu! uo!s!noid 18111 J8puei you Heys Buipu!t Lions 'a0uelswnolyo
Jo uosied Aue 01 se elgeaololueun 10 pHenu! eq o; ebeblon 51141 to uo!s!noid Aue spu!1 uo!loipsiinf lueledwoo t0 lino° a •A;HIgelenes
•eBe611o!n! 9!111 u! suo!leO!Igo He lot elq!suodsel s! Moleq bu!ubls suosied eU1 to yoee 19(41 sueew still •JOlue19 A10A0
pue yoee ueew Hogs Jo1UBJ9 01 99011918481110 pue'lelen9s pue ;u!of eq Heys 86BB;JOn Sly]. lepun 1011619 to su0118bHg0 lV .sealed eldglnyy
Papua] 40 wesuoo ueu!JM 9111 lnoyU.M'A1!oedeo Aue u! lepual 10 1!leuaq aU1 101 Jo Aq play ew!1
Aue 18 AlIadold 9111 u! 919198 10 1se191u! 19410 Aue yam ebeBllon 91111 Aq P818910 elelse 10 198181U1 8 (41 10 io6Jew ou eq Heys 81941 •1a61911\I
'e6e611o1AJ 9111110 SUO1s!AOJd
9111 eu!1ep 10 1e1d1elu! 01 pesn eq o1 you 918 pue Aluo sesodind °Duque /woo lot 918 9BBB11o!n! 91141 a sBu! uopde9 •s6ulpeaH uollde0
•6ulwoAM to ems ey; to Sme1 et; y;Im eoueploaae uI pengsuoo pue Aq peuiano6
eq Heys e6e6;1oyy situ •6ulwoAM to ems ay; 'Al lepual Aq pe ;deoae pue lepual o4 pe,enllep ueeq say a6e6 ;1oyy 9141
mel algeallddV
•wewpuewe J0 uo!1e1e11e 0141 Aq punoq 10 pe618y0 aq 01 116nos sewed 10 A11ed 841 Aq peu6ls
pue 6u!1!1M u! uen!B sselun en!1oe1;e eq Heys e6e611on 0!141 02 luewpuewe 10 10 U0I2e1011e oN •e6e611on 90111 u! 1111°1 les slellew ey1 01
se seined eyl to weweeibe pue Bu!puelslepun elpue eyl se1n1!lsuoO 'sluewnooa pele1041 Aue yl!M /9419601 'a6e611o!/y situ_ •sivawpuewV
;ebe611o1AI 9(41 40 lied a 018 suo!s!nold snoeuelleos!w bu!MO11ot 941 •SNOISIAOlid S003NV1130SIIN
•sselppe welln° S,103UeJ9 t0 saw(1 He le pewlolu! lepual dee)I 01 se916e
loluel0 'sesodind epnou Pod e6e61JOn 9141 }O buyuuibeq e(41 lean uMOys se 'sselppe s,lapuel of was eq Heys e6e611o(A( 9141 1OAO A3!1o!1d
9914 goyim lie!! Aue to 1epl0y eyl W011 elnsol0elot to se0!lou to se!doO Hy •sselppe s,Aued 9141 e6ueyo 01 s! eo!lou 9141 to esodlnd ail ley)
BUAlloeds 'sallied 1(410 9141 01 e01)ou us11!JM Iew1o1 Bu!n!6 Aq e6e611o(AI 9141 lepun se0!1ou lot sselppe s1! 06llel(0 Aew A;Ped Auy •ebe611oiry
91111 to 6uluu!6eq ey1 1MEu umoys sesselppe ey1 01 paloOP!p 'pledeld ebelsod 'flew P819101681 J0 pa!tlu80 '95810 1 Ilew se1e1S P81!un 9141
u! pel!sodep ueyM en!10et10 peweep eq Heys 'peiew 4! '10 '1811000 101u1ano pez1U6o091 AHeuo!leu a yl!m pel(sodep ueyM 10 'paJeAHOp AHBn108
ueyM 0np0etta eq Heys pue '(Mel Aq peAnbel esimla4lo scam) 9IIW1S08401al Aq we9 eq Aew '6U!1(PM u! eq !legs 'loluel9 0l ales to 90!1OU
Aue pue 11nelep to e0!;ou Aue uopel!wii lno11!m 6u!pn!ou! 'eOe611on 9!111 lepun e011ou Au
V •S3I1l1Vd H3H10 ONV UO1NV4ID 01 S30110N
'Me!
Aq pep!nold scans 19141° He 02 uou!ppe u! '91500 moo Aue Aed II!m osle 1OlUel9 .Mel olgeo!ldde Aq peutwled welxe 9141 0l 'eouelnsu! eli!1
pue 'seal les!eldde pue 'sllodel ,91oAOAJns '(s110del 91090100104 6u!pn!ou!) snodal 811!1 Bu!u!elgo '5470091 6u!yolees to 1000 041 'se0!nles
uo!10eHoo luew6pn( -1sod peled!O!lue Aue pue sleedde '(uo!lounfu! Jo Aels o!lewolne Aue ele08A io /Wow o1 911°449 6u!pn!ou!) s6u!peeoold
Aoldnnlueq lot 'lepual to eeAoldwe pe!le!es a 1ou A9uJo118 lie 01 pue inner) 19118 sea} ,sAewolle algeuoseel 6U!pn!ou! '1!nsmel e
s! amyl 1OU 10 "aglow sesuedxe !969! s,l9puel pue seat ,sAeuloAe elgeuoseel s,Jepual 'Me! elgeo!idde lepun sl!W!I Aue 02 10afgns 19A8M04
'uo!lel!wH lnoyl!M 'epnlou! ydel6eJed 911(41 Aq pelanoo sasuedx3 'weweeIBV 1!pel0 eyl u! 10} pep/told 8191 ey1 le pedal pun alnl!puedxa
to amp eyl wo1} lsalelu! leeq Heim pue puewep uo elgBAed sseupelgepu! 841 to lied 8 ewo0eq Heys slybll 91! to 1u8we01otue 0141 1s8181u!
51! to uo!)0elold sip Jot awn Aue )e Alesseoeu 918 uo1110o s,lepuel u! 18111 lapuel Aq pellnou! sesuadxe elgeuoseel He 'penlong s! uop0e
lino° Aue you l0 19y1eyM 1esdde Aue uo 0119 1ei11 le seat ,sAeulouy elgeuoseel se elgeuoseel ebpnfpe Aew 110°0 0141 se tuns lions 10A0001
01 pelllwe eq Heys lepual '968611o(gl s!41 to swim ow to Aue 8010}ue of uop0e Jo 1109 Aue se4n1!lsul lepual 11 •sasuedx3 :saaj ,sAewouV
•efiebllon 914118pun
salpewel sip es!olexe pue linelep a eieloep of 24611 s,Jepuel mite 1ou Heys w1o119d 01 lolue10 to e1n1!el 191te 868611°0 9141 194110 lolue10
to uo!le6l!go lie wlo }led 01 11011 °e 01101 10 selnl!puedxe allow of uoyoei9 lie pue 'Apewel 1a (410 Aue }0 1!nsind epn!oxe 1ou Heys Apewel Aue
ensind 04 lepual Aq uopoe13 •uo!s!nold 191110 Aue 10 uolslnold 18141 yl!m aOUeIdwoO lows puewep of es!Mleylo 9146!1 s,Aued eyl eo!pnfeid
10 10 Jen!BM a elnlhsuoo you Heys e68Bllon 91(41 to uo!s!nold a to imam a 10 Ailed Aue Aq 19n18M y •seipowea to uopoo13 :JanleM
°uo!1!sodsip 10 ales eyl to ship 841 9lot0q sAep (Ot) ue1 keel le ueni6
e0120u ueew Heys 9011011 algeuoseea spew eq 131 s! Auedold leuoslad 9141 to uop!sods!p pepualu! 1941° 10 ales elen!ld Aue goyim 18118
'Rip 8111 to Jo Alledold leuoslad ey110 eyes oHgnd Aue 10 e°eld pue 8W11 eyl to 00(1mu elgeuoseel lowing 91(16 Heys lepual ems 10 aol;oN
•Auedold 841 to uo!uod Aue Jo He uo ales oHgnd Aue le pig 01 peplw° eq Heys lepue1 soles eleled99
Aq 10 ales sum u! 'A!eleiedes 10 Jewelmm Auedold ey1 to lied Aue 10 118 Has 01 0014 eq Heys lepual 's8!pewel pue 91116!1 54! Bu!s!o1axe 111
•paileysiew Auedold 0141 eney of 14611 He pue Aue senIeM 48184 lolue19 'Mel eigeolldde Aq peu!wled luelxe 9111 01 •Apadold ay; to ales
•Al!nbe
u! Jo Mel le elgellene 10 luew0e16y 111)910 MA J0 06861/00 81111 1.11 pepinold 9a1p0w81 pue 914611 Hypo lie eney Heys lepual •salpawea map
•lepual to puewep 0111 uodn Alele!peww! Auedold
841 81e0en (q) 1m 'A11adOJd ey1 to esn 9141 lot Ie1UOJ elgeuoseel 8 Aed (e) 10(4110 'uohdo s,Jepuol le 'Hey9 pue A11edoJd 9111 to 1eseU0lnd
ey1 10 lepual to 00ue191;ns le lueuel a ewooeq'legs lolue10 '1olu8J9 to 1!ne}ep uodn A29dold my to uolssessod 01 pali!1ue sewooeq
es!M191(10 lepual Jo enoge pep!nold se plos 5! Auedold 91111011e Auedold 841 to uolssessod u! su!ewel lolue10 11 •e3u9Jattns ;e Aoueuau
'uog0es 90y1 u! pap!noid s2y6!1 9141 }0 es!01exe ey1 W011 p9n18091 slunowe He to uo1e0Hdde 181 }e lepual Ol
enp sseupelgepul 0141 u! 6uIulewel Aoue!oltep Aue 101 luew6pn1 a uleigo Aew lepual 'Me! e!geo!Idde Aq pe11!wled 11 •;uew6pnr AaueIOltep
•101(!8091 8 se 611n18s w01} uosied a Apienbs!P you yetis lepual Aq ulewAoldw3 'lunowe lepuelsgns a Aq sseupelgepul 841 speeoxe
Auedold 941 to anion lueJedde 8141 you 10 18y189M 1s!xe Heys 101(10091 a to wewlu!odde ail of 14611 s,lepuel .Mel Aq pau!wled 1! puoq
1noy1!M 80195 Aew 101(40001 0111 sseupelgepul 0141 1su186e 'dlysien!eoel 841 10 Ism ey1 enoge pue 101(0 'speeoold 8141 Aldde pue Auedold
8 41 W01} slues eyl 1001100 01 pue 'ales JO 01090 Bu!pe0eld Auedold 0141 elelado 02 'Alledold ayi 9nieseld pue l0alold of leMOd
841 Ul!M 'Alledold 841 to lied Aue 10 110 10 uolssessod 8)lei of pelulodde /01(10091 a en014 0) 114611 eyl eney !lays lapin] •lanle39kl lUIOddV
•101(10091 a 4600141 JO 'luebe Aq 'uosied u! 1911319 ydel6eledgns
91141 iopun sly6!1 sl! eslpJ0xe Aew lepual •pels!xe puewep eUl lot spunoib ledoid Aue you 10 laylsyM 'spew 818 sluewAed 8141 goyim
Jot Suope61lg0 8141 A}s!les 1104s puewep s,lepuel 01 asuodsei u! lepual Ol 91090 181430 10 slueuel Aq sluewAed •speeoold 9141 1001100 pue
ewes 9111 ele!1o69u 01 pus lolue19 to aweu 8111 Li! 1oa19y1 luowAed u! pen!e0e1 slu8wn11su! Oslopue 011081.- U!- A9u1o118 s,103ue19 se Papua'
se18u6ysep Algeooneln 1011819 ueyl'lepuel Aq P91381100 e18 slues eyi 41 '10puel of Ap0a1!p Seel esn 10 fuel to sluewAed 8)lew 01 Auedold
eyl to lasn 1843° Jo 1191191 Aue w1!nbel Aew lepual '14611 sly) to 80ueleyun} u! •sseupelgepul 0141 1suiebe '51500 s,lepuel enoge pue
191(0 'speeoold feu ey1 Aidde pue 'p!edun pue enp 1sed slunowe Bu1pnl3uy 'slues ey1 1081100 pue 'le!o!pnl -UOU 10 mown! 19111814M '810901001ot
to Aouepued ey1 6u!1np Bu!pn10u! 'Alledold ey1 to uolssessod 91181 04 '10111819 01 90!iou 1noy11M '114611 ow eney Heys lepual •s;uaa 109(1°4
'epo0 le(°10wwoo W10 }!119 0141 lepun
A)Ped pampas a to se!pewa1 pue s1y611 eyl 1!e eney Heys lepual 'Alledold leuoslad 9111 to 11ed Aue 10 1!e 0) ioedsei yl!M •selpewea OOn
'Aed of pe1!nb81 eq won't 10)11810 goyim A1leued luewAedeld Aue 6u!pnloul'elgeAed pue enp
Alelelpewwi sseupelgepul 0111ua 8141 9184384 of loluel9 of 00ilou lnoyl!M uohdo sly 18 111611 ail 0ney Heys lepual •ssaupa;gapui 940101033V
:men Aq pep!nold seypewal 10 514611 1ey10 Aue m1 uop!ppe u! 'se!pewe1
pue 9114611 BuIMOHot ow to (low JO olio Aue esiolexe Aew 'uo!ldo sly le 'mpg)] '06861100 9!111 u! uoylel!w(i Aue 10 luewee1BV 1!pe10 0111
u! uoy181!W! Aue 01 loefgns 104 19148918(41 ew!l Aue le pue 11ne;e0 10 11903 Aue to 80ue110000 ey1 uod(l •1lnvna NO S31031N3H ONV S.HJIH
•sesodind pel!q!Uold Jot BuHlemp 0111 spun} tm esn 8141 JO 'usll 1e41oue to 1aP1oU etp Aq 8lnS0I081ot'uo!ss!wled s,lapuel 1noy1!M
Buyiemp eyl uo liey a to uopeel0 '6UHI8Mp ey1 to ales 1m 814.1 to 104sue11'1u00008 841 uo elg8 i suosied He to weep 'sexel Aed 01 exam. '6unitmp
841 to esn enp0nllsep 10 e1seM '90u81nsui pellnbel ulelulew 01 ampet 'eIdwexe lot '9401°11! ue0 9141 '18181 1100 0111 u! 914611 s,lapuel 10
Iun0338 ea! 1!pe13 8143 104 1810;e10o ey1 9100449 Aleslenpe uoyoeu1 10 1101108 s,101ue19 (0) ')uno008 au!! 1!pe10 eyl to swlel 1uewAed81 ey1mew
1ou seop 101ue19 (q) •uo11puo3 lel0ueu14 aiming 4o sioedse 1ey10 Aue 10 'same!' 'S1ess8 'ewoOu! s,101u019 )noge )uewelels espy} a 'aldwexe
101 'epnlou! ue0 s!yl •luno008 au!! 11pe10 ey1 yl!M u0i10auuo0 u! ew!1 Aue 18 uopeluasaldalsyw 18!1818W a sallow 10 pneJ4 sl!wwo0 10111819
(8) :e6e6uon 9141 Japan (.11ne}e0 to 11803 llne4ep to wane lie eln)!lsuo0 Heys 'lepual to uohdo 9141 le 'Bu!MOIIo} eyl to
a6ed L
(panui uo3)
3J111Ir
4 •1lnVd3a
y i) 9£Z609 ON ueo1
1111111-CL170
04 -13 -2001 MORTGAGE
Loan No 609236 'i (Continued)
Waivers and Consents. Lender shall not be deemed to have waived any rights under this Mortgage (or under the Related Documents)
unless such waiver is in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a
waiver of such right or any other right. A waiver by any party of a provision of this Mortgage shall not constitute a waiver of or prejudice
the party's right otherwise to demand strict compliance with that provision or any other provision. No prior waiver by Lender, nor any
course of dealing between Lender and Grantor, shall oonstitute a waiver of any of Lender's rights or any of Grantor's obligations es to any
future transactions. Whenever consent by Lender is required in this Mortgage, the granting of such consent by Lender in any instance shall
not constitute continuing consent to subsequent instances where such consent is required.
GRANTOR'S LIABILITY. This Mortgage is executed by Grantor, not personally but as Trustee as provided above in the exercise of the power
and the authority conferred upon and vested in it as such Trustee land Grantor thereby warrants that it possesses full power and authority to
execute this instrument). It is expressly understood and agreed that with the exception of the foregoing warranty, notwithstanding anything to
the contrary contained herein, that each and all of the warranties, indemnities, representations, covenants, undertakings, and agreements made
in this Mortgage on the part of Grantor, while in form purporting to be the warranties, indemnities, representations, covenants, undertakings,
and agreements of Grantor, are nevertheless each and every one of them made and intended not as personal warranties, indemnities,
representations, covenants, undertakings, and agreements by Grantor or for the purpose or with the intention of binding Grantor personally, and
nothing in this Mortgage or in the Credit Agreement shall be construed as creating any liability on the part of Grantor personally to pay the Credit
Agreement or any interest that may accrue thereon, or any other Indebtedness under this Mortgage, or to perform any covenant, undertaking, or
agreement, either express or implied, contained in this Mortgage, WI such liability, if any, being expressly waived by Lender and by every person
now or hereafter claiming any right or security under this Mortgage, and that so far as Grantor and its successors personally are concerned, the
legal holder or holders of the Credit Agreement and the owner or owners of any Indebtedness shall look solely to the Property and to other
assets of the Trust for the payment of the Credit Agreement and Indebtedness, by the enforcement of the lien created by this Mortgage in the
manner provided in the Credit Agreement and herein or by action to enforce the personal liability of any Guarantor.
FRED A PIERCE AND LAVENA C PIERCE ACKNOWLEDGE HAVING READ ALL OF THE PROVISIONS OF THIS MORTGAGE AS TRUSTEES AS
PROVIDED ABOVE.
GRANTOR:
NOTARY PUBLIC
RESIDING IN
MY COMMISSIO
FRED ¢,PIERCE, as Trustee fo HE FRED PIERCE AND LAVENA C PIERCE LIVING TRUST DATED JANUARY 22, 1992
IIR LAVENA C PIERCE, as trustee` 10► THED PIER(;E AND LAVENA C PIERCE LIVING TRUST DATED JANUARY 22, 1992
STATE OF WYOMING
}ss
COUNTY OF LINCOLN
On this j day of' KIWI I 2001, before me a notary public, personally appeared FRED
A PIERCE AND LAVENA C PIERCE known or identified to me to be the person(s) whose name(s) is/are
subscribed to within the instruments as TRUSTEE(S) OF THE FRED PIERCE AND LAVENA C
PIERCE LIVING TRUST DATED JANUARY 22, 1992 and acknowledged to me that they executed the
same as TRUSTEE(S).
JARED a GLEUE- NOARAJi
XPIRES l to 2 f t
FIDUCIARY NOTARY
=c( Gi j State of
Wyoming
My Commission Expires Oct. 24, 2004
TO E.02
Page 5