HomeMy WebLinkAbout871786811186
Space Above This Line For Recording Data
MORTGAGE
(With Future Advance Clause)
RECEIVED
LINCOLN COUNTY CLERK
r ry
CO
KE PVIfY EI'1E:Y
BOOK '4 1 2 1
PR PAGE
DATE AND PARTIES. The date of this Mortgage (Security Instrument) is February 8, 2001. The parties and their
addresses are:
MORTGAGOR:
VANCE BAGLEY
P 0 BOX 179
FAIRVIEW, Wyoming 83119
KAREN BAGLEY
P 0 BOX 179
FAIRVIEW, Wyoming 83119
LENDER:
FIRST NATIONAL BANK WEST
Organized and existing under the laws of the United States of America
314 S Washington
PO Box 1620
Afton, Wyoming 83110
83- 0162601
1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
and to secure the Secured Debts and Mortgagor's performance under this Security Instrument, Mortgagor grants,
bargains, conveys, mortgages and warrants to Lender, with the power of sale, the following described property:
The West one -half, the Northwest quarter, of the southeast quarter (W 1 /2NW 1 /4SE1 /4) in Section 17, Township
31 N., R. 119 W., 6th P.M., Lincoln County, Wyoming, AND that portion of the SW1 /4NE1 /4 in S. 17, T31 N,
R119W, lying South of the Crow -Creek Road. EXCEPTING: a plot commencing at the intersection of the N -S
centerline of said Section 17 and said Crow -Creek Lincoln County road, and running thence East along the
centerline of said Crow -Creek road 220 feet, thence South 500 feet, thence West 220 feet to the said N -S
centerline of said S. 17, thence North along said centerline 500 feet, more or less to the point of beginning.
The property is located in LINCOLN County at CROW CREEK ROAD, FAIRVIEW, Wyoming 83119.
Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
diversion payments or third party payments made to crop producers and all existing and future improvements,
structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate
described (all referred to as Property). This Security Instrument will remain in effect until the Secured Debts and all
underlying agreements have been terminated in writing by Lender.
2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
will not exceed 621,204.00. This limitation of amount does not include interest and other fees and charges validly
made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms
of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this
Security Instrument.
3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
replacements. A promissory note, No. 61009680, dated February 8, 2001, from Mortgagor to Lender, with a
maximum credit limit of 621,204.00 with an interest rate of 9.5 percent per year maturing on November 15,
2001. One or more of the debts secured by this Security Instrument contains a future advance provision.
B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
Instrument.
VANCE BAGLEY
Wyoming Mortgage
WY/ 3ERVER0748000000000000000800000009n4
®1996 Bankers Systems, Inc., St. Cloud, MN
Initials /fi
Page 1
l a6 §d NW 'pn010 '19 "Out 'sw9isAS saa )jueg 966le bu6000000080000000000000008bLOF13AME /AM
sieiuul eBe6)OyJ OuiwoAM
A31DVg 3ONVA
to potted Aue Bu!Jnp an!toette u!ewai 1I!M tuaw4sse s!yl •pate3ol s! Ataadoid ay; °ae n awls ay; to Mel
ay; Aq paquosaJd se uo!toe an!tewiitte ue 591191 iapuei uayM tpnetap s,io6e61aovi uo sawed piigt o; se anooatta
pue ;uawnJtsul A;!Jnoag s!tt o; sawed ay; uaann ;aq anpoatta Alate!paww! s! tuawu6!sse sly. ley saaiBe Jo6e6tjoW
•s1.209 ;anoo pue seat ,sAau.1otte s,aapuai B. Ipou! sasuadxa
pa ;elan Aiessaoeu Jai o Aue o; pue Atiadoid ay; Bu!niasaad pue 6u! ;oa ;aid '6u!Beuew to stsoo o; 'papinaid ul9Jeq
se stgaa pampas ay; uo stuawAed o; uo!taios!p s,Japua i pa!Idde aq 11!M pa ;oalloo stunowy •spunt Jayto Aue
tow stua8 ay; al6u!wwoo tau ll!nn Jo6e6 ;JOIN pue iapua Jot 1sna1 u! stuau an!aoaJ !1!M Jo6e61JoLAI 'tlnetap uodn
•tuasuo3 119 }!Jnn Joud s,Japuaq 1noy ;lM stua>_1 am;nt Aue aouenpe u! 1391103 tau II!M Jo6e611oIji 'tuaa
s,po!iad aseal auo lot 1daox3 •tlnetap u! iou s! ao6e61aoIN se Buol os wield ay; asn pue Aofua 'anlaoaJ 'toalp3 Aew
Jo6e61JOiA1 •saseal aintnt pue 6u!;s!xa Ile to seido3 ;3aiJOO pue anu top iapual ap!noJd AI ;dwoJd lI!M Jo6e61.ioW
luawaaJ6e Atunoas a se papJe6aJ aq osle
!pm tuawnusul At!Jn3a9 s!y; 'AtJadoad IeuosJad aq of pau!wJatap s! stua> Jo saseal se pats!! W9 Aue ;uana ay; ul
•A;JadoJd ay; to ;Jed Aue Jo ap1M ay; to Aouedn000 Jo asn ay. 1.O tuno332 uo
eie Jo o; u!etJad AeM Aue u! ley anal Aew Jo6e61Jo Jl y3!gM sw!elo pue sty6u Ile pue 'salq!Buetu! 1eJaua6 'sty6u
toeatuoo 'stun000e 'sasnuoq 'spaa3oJd 'sa!tleAoi 'sanuanai 'std:33aJ tsan6 'a3ueJnsu! „slue. to ssol„ 'swn!waid
uope11a3ue3 'tlnetap 6uIMOppt sa6ewep patep!nbil 'suo!tnq!Jtuoo wnlwaid aOueansu! 'saxes apgeoildde Jayto
'saxet atetsa leaJ '50619113 6u!JIJed 'se61ey° aoueua ;ul2w ease uowwoO 'tuaJ leuoltlppe 'tuai a6etua0Jad
wnw!u!w 'stlsodap Awnoas o; pat!w!I tau tnq Bwpnlou! '(stuaa se o; paaaataa Ile) st!toid pue sanss! 'stuau •8
(saseal se of pelletal Ile) stuawaaJBe tons to suo!tn1!tsgns
Jo suo!teO!t!pow 'sleMauai 'suo!sua;xa Aue 6ulpnppu! 'AtJadoJd ay; 1.O uo!tJOd Aue to Aouedn000 pue asn
ay; Jot sluawaaJ6e peglan Jo uattIiM Jayto Aue pue sa!tueJ2n6 'sasuao!1 'sasealgns 'saseal mint Jo 611! ;slx3 •y
:11e pus Aue of pue u! tsalaw! pue app '146!1 ay. lle Atlanoas Ieuomppe se Japual
of stueJleM pue se6961JOw 'sAanuo3 'su!e6aeq 'stueJ6 /36961/3
W 'S1N31:1 aNY S3SV31 3O 1N3INNDISSV 'L L
•uo!tonatsuo0 ay; 10 uo!taldwo0 6u!pnlou! 'Atiadoid 9111 u! Isaaatu! AtlJnoas s,Japua paaoad
of A1essa0au sdats lie alet Aew Japuai 'Jauuew algeuoseaJ a u! uo pa!11e0 tau 10 panul ;uo0slp s! A ;Jadold ay; uo
uo!ponitsuoa Aue 1.1 •tuawn1tsul A1!m0as s!yt 10 Mei 9111 lapun sty6ii Jayto s,iapual 1.0 Aue Bu!spiaxa wont iapual
apnl0aJd tou II!M wloped 01 a1nilet s,Japual pue 'wiotaad of uo!te6!Igo ue a;eam3 1311 ll!M J0626110LN 101 W1O4.iad of
1.11611 s,1apuaq •aouewJOtJad 104. AJessa0au tunowe Aue Aed Jo aweu s,ao6e61JO1N u6!s o; 1391 u! Aauiotte se Japual
stwodde •pawaopad aq 01 ways asne0 Jo wiotaad 'ao!pou 1noy1!M 'Aew iapual 'tuawnJtsul AllmnonS
5!111 u! pau!etuo3 stueuano3 ay to Aue Jo Atnp Aue wlotaad 01 s!!et 1o6e61JO1N 1.I 'wHOda3d 01. A1IlfOH1f1V 'OL
•uoltoadsu! s,iapual uo Alai AeM ou u! II!M ao6e61JOIN
pue 1!tauaq s,Japuei 101 AIOIRUa aq II!M AlJadoad ay; to uo!toadsu! Auy •uo!t3adsu! ay; Jot asodind a19euoseaJ
e 6u!At!oads uoltoadsu! ue aiotaq 10 1 aw!t ay. 12 ao!pou Jo6e61JOW ani6 IUM Japuel •Ataad0id alt 6ul ;oadsul
o asodand ay Jot awJI algeuoseaJ Aue to Atiadoid 9yt Iowa 'uo!tdo s,iapual to 'Aew stua6e s,J0pual 10 Japual
•tuasuoo
ua11 Jo!Jd s,Japual ;not;lM A4Jedoad 9111 ap!nipgns 10 uow red tau lllM Jo6e6IJolN •tuawnatsui Atilnoas 5111
Aq pa1ea10 ;saJa1u! AtianOas ay; 0; toefgns pawaap aq II!M AtJadoid leuosaad to luewaoeidaJ tons •aoueigwnoua
19y10 Jo tuawaai6e Al!Jnoes 'ao!nap uopua1aJ app. Aue wait aaat 'AlJadoJd leuosaad pa0eldai ay 01 amen u! lenba
tseal to Atiadoid Ieuosiad Jayto yt!M paoeidai s! Atiadoid Ieuosaad tons ley papinoid '91aiosgo Jo UJOM awooaq
;9111 Atiadoid ay to tied a 6uls!Jdwoo A;aadoid Ieuosaad to swat! anowai of 1g6u 9111 set 1oBe6t1oIN ley tdaoxa
;195133 uat1!JM Jo!1d s,Japue ;noyt!M pa19119 A112!19tew 10 pa115lpowap 'panowaJ aq II!M A;JadoJd ay; to uo!11od oN
'Alaadoid ay; of a6ewep Jo ssOl Aue to pue 'JO6eOlJOW
15u!e62 suo! ;3e pue 'sw!ep 's6u!paaoaid 'spuewap 112 to Japua1 At!tou 1I!M 1o6e61JoiN •tuasuoO ua11!JM 1olid
s,Japual tnoyliM ;Uawasea 10 lueuanoO an11OIJ1seJ 'esuao!! Aue u! e6ueyo Aue 1lwlad tou !pm 1o6eflJoLAJ luasuoo
ua11IJM Joiid s,Japual tnoyl!M aBueyo Alpeiluelsgns tau 1I!M asn pue Aouedn000 ayt to aanteu ay; ley 599169
JoDe611o1JI •sasse16 pue spaaM sno!xou to 0311 Atiadoid agt deal II!M Jo6e61JOLAI •A;Jadoid ay; to uo!1eJO!Ja1ap
Jo ;uaWJledw! 'a1seM Aue Mo11e Jo 1!wwo3 tau II!M Jo6e61aoN •AJ2ss90au AlgeuoseaJ 912 ley si!edaJ Ile a)lew pue
uo!1lpuoo pooh u! AlJadoJd 9y1 doe) II!M /06961/0
W 'N01103dSNI aNy SNOIlt/1:1311V 'NOIIIaN00 Ala3d0ad '6
•A ;Jed a s! Jo6e611oW go!11M 01 Jo a062611oL
Bu!uJano6 tuawaaJ6e Aue atelo!n lou Him 1uawn1lsul At!moe9 sm. to Aianllap pue uo!tnoexe ayl •tuawnatsul
At!Jnoag s!y1 ow! aa1ua 01. A1lloytne pue 11461 3y1 set Jo6e611oiN 'SNOI1tf1N3S31Id3H aNv S3I1NVUHVM '8
•alge0lldde
se 'sMel ales -uo -anp awls to uo!tdwaaid ay. 6u!wano6 Me! peaapat Aq pasodw! suo!1OIJ1sa1 ay1 o; loafgns s!
1(46!1 s!g1 •A;JadoJd 0141 40 ales Jo Jatsuelt a 'to 13!19913 9y1 104 10e11uo3 Jo '4O uopea13 a(41 uodn algeAed pue anp
A1a;e!paww! aq 01 s ;gaa paJnoas ay1 to a0ueleq 0111ua 9141 al2pap 'uo!1do 51! 1.2
r
'Aew Ja1 '31YS NO 3na •L
•Ataadold 3y1. anoJdw! J0 Ule1Ulew of 512!131ew 10 loge) Alddns oyM sawed 1.511969 aney Aew Jo6e611o1N
sasuatap 10 swlep '5114611 Aue 'iapue Aq patsanbai se 'Japua1 01 u6!sse o; 599169 Jo6e6 ;JOIN •tuawn1 ;sup
A1!moas s!y1 to tie!! ay. 1!2dw! pinoM ley sweep Aue 1su!26e A11adoid 9141 0; app. puelap II!M 1o6e61aopN •1uawAed
s,JO6261JoIN Bulouap!na s1dla0aJ ay1 pue anp ale slunowe tons ley. sa311ou 112 to saidoo Japual 01 apinoJd
of 1o6e611on ai!nbai Aew iapual •anp uayM Aliadoid ay. 01 6u112pa1 sa6Jey3 191110 pue 'sa!111!tn 'stuaJ punoi6
'sluewAed aseal 'seoueJgwnoue 'sue!! 'stuawssasse 'saxe1 lie Aed lI!M 1o6961JOW '31111 1SNIVDV SWIVl0 '9
•1uasuoo ua11!1M Jo!Jd s,Japuei tnoyljM luawnOop 1914 ayt Aq paJnOas 1UawaaiBe
10 010U Aue lapun sa3uenpe aantnt Aue lsanbaJ of JOU '4O uo!suatxa 10 uop.eo!tlpow Aue M0112 01. 10N •0
•Japioy ay; WOJ4 50A!0091 Jo6e61JOlN ley saO!tou Aue Japuaq o; 1an!lap Al1dwoJd 01 •9
•slueuanOO Ile (41!M Aldwoo 10 w1otJ0d 01 pue anp uayM sluawAed 119 a)ew of •y
:593169 Jo6e611OpN 'AtJadoad ay1 uo aoueJgwnoua Jo Isamu! AliJnoas Jo!id a 4912913 ley 1uawn0op ua!I
Jay10 Jo 1UawaaJ6e Al!Jnoas 'tsnJl to peal) 'a6261Jow 19(413 Aue 01 p18601
LMMM 'S1S3E131Ni AiI1M103S UOlad •9
1uawnl1suI A1!inoas s!y1 pue stgaa paanoaS ay to swJa1 0y1 y1!M a0uepao00e
u! pue anp uayM pled aq lI!M stgaa paanoas 0111 Japun s1uOWAed 118 ley saa162 1o6e61JOW SIN3WAt�d 'ti
0
123
redemption until the Secured Debts are satisfied. Unless otherwise provided by state law, Mortgagor agrees that
Lender may take actual possession of the Property without commencing any legal action or proceeding. Actual
possession of the Property is deemed to occur when Lender notifies Mortgagor of Mortgagor's default and
demands that Mortgagor and Mortgagor's tenants pay all Rents due or to become due directly to Lender. On
receiving the notice of default, Mortgagor will endorse and deliver to Lender any payments of Rents.
Mortgagor warrants that no default exists under the Leases or any applicable landlord law. Mortgagor also agrees
to maintain, and to require the tenants to comply with, the Leases and any applicable law. Mortgagor will
promptly notify Lender of any noncompliance. If Mortgagor neglects or refuses to enforce compliance with the
terms of the Leases, then Lender may opt to enforce compliance. Mortgagor will obtain Lender's written
authorization before Mortgagor consents to sublet, modify, cancel, or otherwise alter the Leases, to accept the
surrender of the Property covered by such Leases (unless the Leases so require), or to assign, compromise or
encumber the Leases or any future Rents. If Lender acts to manage, protect and preserve the Property, Lender
does not assume or become liable for its maintenance, depreciation, or other losses or damages, except those due
to Lender's gross negligence or intentional torts. Otherwise, Mortgagor will hold Lender harmless and indemnify
Lender for any and all liability, loss or damage that Lender may incur as a consequence of the assignment under
this section.
12. DEFAULT. Mortgagor will be in default if any of the following occur:
A. Payments. Mortgagor fails to make a payment in full when due.
B. Insolvency or Bankruptcy. Any legal entity obligated on the Secured Debts makes an assignment for the
benefit of creditors or become insolvent, either because its liabilities exceed its assets or it is unable to pay its
debts as they become due; or it petitions for protection under federal, state or local bankruptcy, insolvency or
debtor relief laws, or is the subject of a petition or action under such laws and fails to have the petition or
action dismissed within a reasonable period of time not to exceed 60 days.
C. Death or Incompetency. Mortgagor dies or is declared legally incompetent.
D. Failure to Perform. Mortgagor fails to perform any condition or to keep any promise or covenant of this
Security Instrument.
E. Other Documents. A default occurs under the terms of any other transaction document.
F. Other Agreements. Mortgagor is in default on any other debt or agreement Mortgagor has with Lender.
G. Misrepresentation. Mortgagor makes any verbal or written statement or provides any financial information
that is untrue, inaccurate, or conceals a material fact at the time it is made or provided.
H. Judgment. Mortgagor fails to satisfy or appeal any judgment against Mortgagor.
I. Forfeiture. The Property is used in a manner or for a purpose that threatens confiscation by a legal authority.
J. Name Change. Mortgagor changes Mortgagor's name or assumes an additional name without notifying
Lender before making such a change.
K. Property Transfer. Mortgagor transfers all or a substantial part of Mortgagor's money or property. This
condition of default, as it relates to the transfer of the Property, is subject to the restrictions contained in the
DUE ON SALE section.
L. Property Value. The value of the Property declines or is impaired.
M. Insecurity. Lender reasonably believes that Lender is insecure.
13. REMEDIES. Lender may use any and all remedies Lender has under state or federal law or in any instrument
evidencing or pertaining to the Secured Debts, including, without limitation, the power to sell the Property. Any
amounts advanced on Mortgagor's behalf will be immediately due and may be added to the balance owing under
the Secured Debts. Lender may make a claim for any and all insurance benefits or refunds that may be available
on Mortgagor's default.
Subject to any right to cure, required time schedules or other notice rights Mortgagor may have under federal and
state law, Lender may make all or any part of the amount owing by the terms of the Secured Debts immediately
due and foreclose this Security Instrument in a manner provided by law upon the occurrence of a default or
anytime thereafter.
All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law or
equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial payment
on the Secured Debts after the balance is due or is accelerated or after foreclosure proceedings are filed will not
constitute a waiver of Lender's right to require complete cure of any existing default. By choosing any one or more
of these remedies Lender does not give up Lender's right to use any other remedy. Lender does not waive a
default if Lender chooses not to use a remedy. By electing not to use any remedy, Lender does not waive Lender's
right to later consider the event a default and to use any remedies if the default continues or happens again.
14. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent permitted by law,
Mortgagor agrees to pay all expenses of collection, enforcement or protection of Lender's rights and remedies
under this Security Instrument. Mortgagor agrees to pay expenses for Lender to inspect and preserve the Property
and for any recordation costs of releasing the Property from this Security Instrument. Expenses include, but are
not limited to, reasonable attorneys' fees after default and referral to an attorney not a salaried employee of the
Lender. These expenses are due and payable immediately. If not paid immediately, these expenses will bear
interest from the date of payment until paid in full at the highest interest rate in effect as provided for in the terms
of the Secured Debts. To the extent permitted by the United States Bankruptcy Code, Mortgagor agrees to pay
the reasonable attorneys' fees Lender incurs to collect the Secured Debts as awarded by any court exercising
jurisdiction under the Bankruptcy Code.
15. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA),
all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions or
interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
Hazardous SubstInce means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which
VANCE BAGLEY
Wyoming Mortgage Initials
WY/ 3ERVER0748000000000000000800000009n4 ®1996 Bankers Systems, Inc., St. Cloud, MN Page 3
b e6ed, NW 'Pn010 lg "out 'swelsA9 sJeNue8 96610 bu6000000080000000000000008VLOH3n !!3E /AM
eBnBUon BuiwoAM
A31JV8 3ONVn
sieiliui
sallnboe 'apua 1I •uojldo s,aapuai 1e 'slgaa p0inoeg 04; 01 1O A11adoJd 941 Jo 'ledaa 10 uolle'b1sa1 01 palldde aq
IIIM spaaooad aoueansul Ily •ssol Aue ;o a0llou a ;e!Pawwl Auedwoo aoueinsul 914; pue Japuaq an!6 IIIM 1060110LN
(•6u1111M ul Alaleaedas o1 paaa6e dI) sllsodap
lun000e MOAOG9 pa1lnbal pue 'a0lnlas 'gap s,Ae9A auo Jo a6eJanoo1.seal le 01 Ienba lunowe ue u1 aq lsnw aoueJnsul
uolldn'1aaut ssaulsnq 'o ssol leluaJ ayl •paansul leuoRIppe ue se lapuei aweu lsnw aouelnsu! A111Igen Ie1QUa8
anlsu0ya1dwo0 ayl •Japuei o1 algeldaooe salogod lapun pue slunowe ul aoueansul uojldnAua;ul ssaulsnq ao ssol
le ;uai pue aouernsul AmgeII le'aua6 anlsuayaldwoo ulelulew o; saal6e Jo6e61AOlN ''apuai Aq pa.lnbal ;I „•asnelo
eeAed ssol„ 'algeolldde aIayM 'pue asnep aBe611ow„ p'epue;s a apnpu! IIIM sleMauaJ pue salollod aouelnsu! Ilt/
•playywn Algeuosea'un aq 1ou IIIM yolgA 'lenoadde s,Aapua 1
01 loafgns 'Auedwoo aOUelnsul 9141 asooyo Aew Jo6e61.QOIN •luawnalSul A1lan0eS 514; woi; pasealai sl A;'adoJd
a(41 pun Ise! IIIM aouemsul sly' •saalnba' J9puei slunowe ay1 ul aoueinsul sjyl ulea.ulew IIIM aoBe61.iolAi •A1'adold
ay; y ;lM pa;eposse Algeuosea' s)1sl' ay1 1sule6e painsul A1Aadold a (41 daaN of saal6e Ao6e61Qo
W '33NVHf1SNI 'L L
•luawn0op %a!! 1ay10 Jo luawaaa6e Allmoas ;sn1; }o peep '96e61AOw 1oiid
Aue Jo swJaa. 9 91 0; loafgns Si spaa0old 1O ;uawu6lsse sly' luawnllsuI A11An0aS sly; ul papinold se palldde aq IUM
pue sluawAed palaplsuoo aq IIIM spaaooad gong •Alladold ay; Jo 11ed Aue 10 Ile }o 6uDIe; Jay ;o Jo uogeuwapuoo
e y1lM pal0auuoo sa6ewep 10t wlep 10 pJeMe Aue Jo spaaooad ay; Jepua o; su6lsse ao6e6 ;1o'A1 •swlelo
10 suojloe pagposap anoge ay; Jo Aue ul aweu s,AO6e611olN ul auanlalul o; 'apua sezuoylne ao6e51AOiN •sue0w
1914 1.o Aue 10 'ulewop Waulwa 'uoueuwapuoo 46nolt1 Alaadold ay1 Jo He 10 Aue a)Ie; 10 aseyo'nd o; sallllua olignd
'o alenuJd Aq uotloe paualeaay; 10 6ulpuad Aue ;o 93! 0U ldwoad lapua1 an!B IIIM 1o6e611oIN N0IIVNW3aNO3 '9 L
•panleM Agway ale
AAe'1uoo 941 0l sasuaJap pue sumo AuV 'A1ladoad ail Jo He 10 Aue Jo Japuag Aq uolllsodslp Aue ao Japuaq o;
aim 10 a6essed Aue Jo ssa'pie6a1 luawn115ui A111n0as sly; ;o uolloels11es 10 alnsopa'oJ Aue anlnms IIIM uolloas
sly. 10 sw'a1 ay1 'A1e11UO0 941 0l luawnalsul A1lmoag s141 ul paule ;uoo a6en6uel ay1 Jo Aue 6ulpuelsyljMloN •q
•luawn'1sul Allmon sly; lapun 5114611 s,'9pua ;o Aue o; aolpnfaid lnoyllM luewnalsul
Alunoas sly. Aq palnOas A1'adold ay1 01 amen Ienba 'seal le Jo Ie'aleIIoo y1!M aapuai apinoid !IIM 'oBe611oW
%Arlo' u1 pue luawnAlsul A111noaS s!-11 aseala.1 Aew aapue i 'uoilaaoslp s,aapual ;e (Z) pue :ulelsns Aew su6lsse
10 saossaoons s,Aapuei pue lapua yol1M 's00 ,sAau'o11e pue uoj1el3mi }o slsoo I18 uo11e11wit lnoy11M 6ulpnpul
'sasuadxa pue sallleuad 'slsoo uolleiPawaJ pue asuodsa' 'dnueap 'sa6ewep 'sa!111!ge1l 'spuewap 'swlelo 'Gesso'
Ile 1sule6e pue woJ; ssalwaey su6lsse Ao slossagons s,Qapua pue aapua ploy pue Ajluwapu! IIIM 1oBe8 ;AOIN
(1 'U0!109s s1y1 ul apew aslwoad 'o A1uea'eM 'uo11e1uasaldaa Aue Jo goealq Aue aouanbasuoo a sy �I
•asuadxa s,1o6e61.1oI
1e uolloas sly lapun suoRe61'go s,ao6e61AOiN Jo Aue wao ;lad of 'uoge6114o ay1 ;ou lnq '1461' ay1 sey 'apua •p
•lenoadde
s,Aapuai 01 loafgns Si llpne yons wmoped IIIM o14M 'aau!Bua leluawuoAlnua 0y1 J0 0010140 8(4± •lapuai 01
11Pne yons }o swim ay1 llwgns o1 pue A11ado'd 014 Jo 1!pne leluawuonnua ue a1ed91d o1'aaul6ua leluawuoltnu0
POWI8nb a a6efua o1 'asuadxa s,AO6961aoIN le 'saaJ6e 1o6e61'o'N 'awjl Aue 1e pue lsanbai s,lapua uodn •I
•Me'' leluawuollnu3 algeo11dde 411M aouelldwoo ul 819 1U2U01 Aue pue 1ofe61aoW
1ou 10 AaylayM (E) ao :Alladoid ay1 ;noge Jo lapun 'uo pasea191 uaaq sey 12(41 a0ue15gns snoplezeH Aue
10 apnlluOew pue 'aanleu 'uo1leooi 'aoualslxa 911 (Z) :A11adoJd 9141 1noge 10 lapun 'uo aouelsgns snoplezeH Aue
10 ainleu pue uolleool 'aoualslxa 041 (1.) aulwaalap o1 aw11 aneuose9A Aue 1e sp'o0aa Ile MalneJ pue Al'adold
ay1 10adsul pue 1a1ua 01 waft s,lapua1 'o Qapua '1lwaad o1 lueual Aue asneo 'o
1771
'1lwaad IIIM 'o6e61'oIN 'H
'111!M palldwoo
pue paulelgo ale Me leluawuonnu3 algeolldde Aue Aq pannbai sienoadde 1O sasuaol' 'sllwlad IIe 18(41 w1lluoo
pue 'A1'adold ay1 uo suollelado pue sal1lnlloe a (41 aolluow 'Alaadold ay1 loadsul AIaeIn6a' IIIM 1o6e61QOLAl
•Bu111'M u1 s1uesu00 1sal; aapuag ssalun pappe
aq IIIM Ham JO dwnp ')ue1 yons ou pue A11adoJd ay1 lapun A0 uo pa19004 sIIOM uado ao sdwnp alenlad 's)Iue1
aBelols punoI6Japun ou 019 aaayl 'aapuag o1 6u111JM u1 paBpaIMOU)Ioe pue pasolslp AIsnolnald se ldaox3 •3
•Mei Ie1UawuoJIAU3 algeolldde Aue y1IM aouelldwoo IIn} ul ulewaJ IIIM pue ale 'uaaq
aney lueual AJOA9 pue 1o0e611o1\I 'Aapuag o1 6u1111M u1 pa6paIMOU)loe pue pasopslp A1snoln9ld se 1da0x3
•s6ulpaa0old yons 01 6U11e'a1 sluawnoop Aue 10 saldoo anlaoa'
01 1(4611 ay1 6ulpnloul 6u!paa0o'd yons Aue ui aledlollaed o1 'uolleBiIgo 9111 lou 1nq '111611 041 sey Aapuai 'wane
ue yons in 13ulpaa00ad 10 'W1e'0 'uo11e6j1senul paualealyl 6ulpuad yons Aue sl 010141 anallaq 01 uoseaa sey
1oBe611o1N se uoos se 6uj11AM u! lapuaq AJ11ou Alalelpaww! IIIM Ao6e61'o'N me 1 IeluawuoJ!Au3 Aue Jo lueual
Aue 10 1o6e611o1N Aq uo11e1o!■ Aue (Z) .10 :A11adoJd ay11noge 10 'apun 'uo pale001 aouelsgn9 snoplezeH Aue (L)
01 6uj1e491 pupil Aue 10 6uiPaaoold 10 'wlep 'uol;e69sanul paUalea'y1 10 6ulpuad Aue s1 910y1 ana11aq o1 uoseai
.10 10 a6palMOU) ou se14 106e611o4A1 'Japuaq o1 13u11uM ul pa6palMouNoe pue pasopslp Alsnolnald se ldaox3
•Me7 Ieluawuollnu3 1411M a0uep'oo0e w uojloe Ielpawal Aaessa0aU
Ile aile1 IIIM 1o6e611olfJ 'wane ue yons ul •Alladold ay1 6u1uj9ouoo Mel Ieluawuo11nu3 Aue 10 uo11e1o!n e
sl 81ay1 (Z) 10 :A11adoJd Agaeau woJ} 018161w o1 sualea1y1 10 sa1e161w 10 M.Jadold 0y1 1noge 10 lapun 'uo sm000
aouelsgns snoplezeH 10 ase9101 paualea1yl 10 aseala.1 a (4,) 11 lapuag A1j1ou AIalelpaww! IIIM 1o6e611oIN •a
•Alladold 041 uo aouelsgns snopaezeH Aue aseala1 9y1 1lwaad .10 '01 aingpluoo
'asneo 1ou IIIM pue 1ou sey 10696110IN 'Japuaq o1 Buj1uM u1 pa6palMOU)'oe pue pasopslp Alsnolnaad se lda0x3 '8
•Mel
1eluawuo11nu3 algeolldde lie q1!M aouelldwoo 104115 u1 pue ssaulsnq 10 asmoo AJeulplo ay1 ul 1deoxa 'A11adoJd
941 lnoge 10 Japun 'uo uoslad Aue Aq paIpUey 10 'pautJai 'p91ea11 'pa1n10e1nuew 'palJOdsueJ1 'pale001 aq 111M 10
'sl 'uaaq sey aouelsgn9 snopJezeH ou 'lapuaq o1 6ujlluM u1 paBpa4MOU)10e pue pasopslp Alsnolnald S2 ldaox3 •y
:1ey1 saa16e pue s1ue11eM 's;uasaadaa 1o6e611on
3 P q P I q P y„ P 4„ 1 q •Mel
I
eluawuatnu Aue as un aouels ns ale n6aA 1 'a0uels ns sno Aeze 'a1seM sno leze 'aoue s ns 01x01„
„'19!1alew snopaezey„ se pawl }ap saouelsgns Aue 'uoile11w11 1no1411M 'sapnpul wlal 0141 •luawuo'Inua 10 a1e11aM
'A1a�es 'ylleay 01lgnd ay1 01 snola6uep Allejlualod 10 snola6uep aouelsgns ay1 Aapual y014M s0!1s11010e1ey0 sey
V VI v
1 f w l J
the Property in damaged condition, Mortgagor's rights to any insurance policies and proceeds will pass to Lender to
the extent of the Secured Debts.
Mortgagor will immediately notify Lender of cancellation or termination of insurance. If Mortgagor fails to keep the
Property insured Lender may obtain insurance to protect Lender's interest in the Property. This insurance may
include coverages not originally required of Mortgagor, may be written by a company other than one Mortgagor
would choose, and may be written at a higher rate than Mortgagor could obtain if Mortgagor purchased the
insurance.
18. ESCROW FOR TAXES AND INSURANCE. As provided in a separate agreement, Mortgagor agrees to pay to
Lender funds for taxes and insurance in escrow.
19. CO- SIGNERS. If Mortgagor signs this Security Instrument but does not sign the Secured Debts, Mortgagor
does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debts and
Mortgagor does not agree to be personally liable on the Secured Debts. If this Security Instrument secures a
guaranty between Lender and Mortgagor, Mortgagor agrees to waive any rights that may prevent Lender from
bringing any action or claim against Mortgagor or any party indebted under the obligation. These rights may
include, but are not limited to, any anti deficiency or one action laws.
20. WAIVERS. Except to the extent prohibited by law, Mortgagor waives all homestead exemption rights relating
to the Property.
21. OTHER TERMS. The following are applicable to this Security Instrument:
A. Line of Credit. The Secured Debts include a revolving line of credit provision. Although the Secured Debts
may be reduced to a zero balance, this Security Instrument will remain in effect until the Secured Debts and all
underlying agreements have been terminated in writing by Lender.
22. APPLICABLE LAW. This Security Instrument is governed by the laws of Wyoming, except to the extent
otherwise required by the laws of the jurisdiction where the Property is located, and the United States of America.
23. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Mortgagor's obligations under this Security
Instrument are independent of the obligations of any other Mortgagor. Lender may sue each Mortgagor individually
or together with any other Mortgagor. Lender may release any part of the Property and Mortgagor will still be
obligated under this Security Instrument for the remaining Property. The duties and benefits of this Security
Instrument will bind and benefit the successors and assigns of Lender and Mortgagor.
24. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or modified
by oral agreement. No amendment or modification of this Security Instrument is effective unless made in writing
and executed by Mortgagor and Lender. This Security Instrument is the complete and final expression of the
agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable provision will be
severed and the remaining provisions will still be enforceable.
25. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The
section headings are for convenience only and are not to be used to interpret or define the terms of this Security
Instrument.
26. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise required by law, any
notice will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the
DATE AND PARTIES section, or to.any other address designated in writing. Notice to one party will be deemed to
be notice to all parties. Mortgagor will inform Lender in writing of any change in Mortgagor's name, address or
other application information. Mortgagor will provide Lender any financial statements or information Lender
requests. All financial statements and information Mortgagor gives Lender •will be correct and complete.
Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider
necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and to confirm
Lender's lien status on any Property. Time is of the essence.
27. AGREEMENT TO ARBITRATE. Lender or Mortgagor may submit to arbitration any dispute, claim or other
matter in question between or among Lender and Mortgagor that arises out of or relates to this Transaction
(Dispute), except as otherwise indicated in this section or as Lender and Mortgagor agree to in writing. For
purposes of this section, this Transaction includes this Security Instrument and any other documents, instruments
and proposed loans or extensions of credit that relate to this Security Instrument. Lender or Mortgagor will not
arbitrate any Dispute within any "core proceedings" under the United States bankruptcy laws.
Lender and Mortgagor must consent to arbitrate any Dispute concerning a debt secured by real estate at the time
of the proposed arbitration. Lender may foreclose or exercise any powers of sale against real property securing a
debt underlying any Dispute before, during or after any arbitration. Lender may also enforce the debt secured by
this real property and underlying the Dispute before, during or after any arbitration.
Lender or Mortgagor may seek provisional remedies at any time from a court having jurisdiction to preserve the
rights of or to prevent irreparable injury to Lender or Mortgagor. Foreclosing or exercising a power of sale,
beginning and continuing a judicial action or pursuing self -help remedies will not constitute a waiver of the right to
compel arbitration.
The arbitrator will determine whether a Dispute is arbitrable. A single arbitrator will resolve any Dispute, whether
individual or joint in nature, or whether based on contract, tort, or any other matter at law or in equity. The
arbitrator may consolidate any Dispute with any related disputes, claims or other matters in question not arising
out of this Transaction. Any court having jurisdiction may enter a judgment or decree on the arbitrator's award.
The judgment or decree will be enforced as any other judgment or decree.
Lender and Mortgagor acknowledge that the agreements, transactions or the relationships which result from the
agreements or transactions between and among Lender and Mortgagor involve interstate commerce. The United
States Arbitration Act will govern the interpretation and enforcement of this section.
VANCE BAGLEY
Wyoming Mortgage Initials/1e
WY/ 3ERVER0748000000000000000800000009n4 e1996 Bankers Systems, Inc., St. Cloud, MN Page 5
9 eBed
Aq
Aq /(it2Sci
6
'SS
'ss
NW 'PnoID '1S "oul 'swalsAS &mue8 96610
AJe1oN)
:saiidxa UO!SSIwwoo ALAI
'Isom )lue8 IeuolleN 1sald ;o luap!seid 4ouea8 uoljy se sewoyl uoa
�o Aep
el
dO
bu6000000080000000000000009PLO EI3AH3E /AM
e6e5Uoyg au!woAM
ATIDV8 3DNVn
f 0Ol'SI e gwe� S sa�ldx3 uoiss� w
1oIIRS `4,! J to kuno3
°nand ANION S3NOf ANN3d
Ilgn
ie10
s141 ew a20;aq pe6paIMOU)IOe seM luewn.asul s141
30
OOOl'6z kenuef stn. x3 uossiw�' wo0`�
HwwaAM ulooun
lo am 10
monaural 53103 T!l3908
O' aa1Idxe U0!SS!wwoo AIN
'A31DV8 N31:1V)I PUe 'A31DV8 30N` A
ki y../ j.o Aep y c slyl aw 9Joi.aq pe6paIMOU)IOe seM luewnulsul slyl
3O
;uew8pelmoumOy Jepue l
30
(Ienpin!Pui)
'1N3INDa31MON)13V
luap>sa1d youeJ8 'sewo41 uold
a.saM )Iueg Ieuo!leN 1sa13
:a3aN31
/131DV9 NRIVN
•luewnalsul A11anOag s1y1 j.o Adoo a :o 1.dla0ej se6paIMOU)Ioe osle Jo6e61aoW
"luawnJlsui AWnOes s1y1 uI pauleluo3 slueueno3 pue swJel 041 01 sOOJ6e io6e61aolN '6ulu6ls A8 'S3>:Ifl1VNDIS
'uo11e qae ay; 6ulanp a6pnf ao Aanf Aq Iela; a aney o; 1116Ia ay; anl9M Al5uuMoum
pue Allae;unlon Jo6e6 ;JoU1l pue aapual 'pa ;ea ;Igae sl a;ndsla Aue HI 'uol ;eBl ;II I<o pea;sul uol;ea;lgJe Omuta
sa;ndsla amuse,, o1 Jmoard sewed a ;ey; ;nq 'Ain! JO a6pnf Aq pp), a g6noJgl a;ndsla Aue ele6I111 0; A;lun;ioddo
ao ;y61, a aney sewed ay; ;ey; pue;saapun JoBe6pouv pue A apue
1 'NOW/81188V tiOd 1VI1:11 3O a3A1VM '8Z
"BuI1uM 1041oue JO luewnJlsul A1unOes
s1y1 uI 01 paa16e es!MJaylo ssalun 'sseooad uo11eJ1IgJe 041 pue Jo1ea11g4e e 11 W U0!130las 041 UJano6 IIIM 'luawn.lsul
Allmoes s141 ;o alep 0y1 uo 1Oa; ;a uI 'sapid uoIleJllgJy IeloJewwo3 s,uolle!OOSSV uolleJ1>gJy ueopewy a41