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HomeMy WebLinkAbout871162M 9101 38 wiod l4EZ-L6E-008-1) NW 'Pnal3 'iS M aul •W.: ••soluo8 46614 (1' Jo j abed) (3Sl VA 80 VI-IA "OWIHd 'VWNd 801 ION) 30d0111OW ONIWOAM 00'000'6ZS 101Nl0WV 3H1 NI 100ZIOEl l 031V0 310N AUOSSIWOHd (•a1a 'salnp d1unlvw 'Mai ;salami `s)unown awn 'sawvu scan uoq sv yens swan apnpau2 nod lnyi paisa88ns si )t Mopaq map aip 8uwuarafai uay •suoilnlilsgns io suouna0ipow `sirmauaz `suoisualxa dtagl u pug mopq pagiaosap lgap jo aouapina iaq o 10 (s)Slugi n2 `(s)1onaluoo `(s)alou (iossiwoid Iig 3o swial am iapun paaanoui lgau •v :smolloj sr pau!ap si „igau paanaas„ weal au 'SaDNVAQV d?IfLLf13 QI\iV L !3u as iOas 'b luawnulsul Sigmas sup ut paui 1uoa slu ruanoo aql jo Sur uuopad o1 pun Alunoas s,iapuari loalo1d of luawtulsui ,(ipnoas stul jo swzal am iapun apgw saournpn o1 ,Clddn IOU saop uoilgliwil stop `osld •luatuailsui ,ilunoas slip o1 lunnsind apnw Sipilen sa2.inip pug saa3 aatpo pug ;sawalui apnpui IOU saop lumomr 3o uopuliwil sig,L 00'000 "6Z pox 10u imp amp auo ,fug 1g luawiulsui Slunoas sup Aq paanaas lunowg Igdiouud 1g1o1 au, LI]61II'I NOLLVfI'Ig0 „Suadoad„ sg o1 paaaaJaa llg) anogr pagi.iosap alnlsa !gal ag1jo l.igd aq `aznln3 agl ui amp ,fug 1g so `MOU ,igw 1g>$ sluawaonldaa pug `sainlxg sainloiuls `sluawanoidwn ainlnj pug 2upsixa Ilu pug Tools 1a2gM puu `sagolip `s1g2p uguudp puu .ialgm lin `sigS!.i sr2 pug Iio `sltlu Igaauiw `sailig,(oi `saouuualmddg sluawasna slggu lin 'twit iaipaoj (aPoD dIZ) (AID) (ssa 811E8 8uiwoiM VN13 (A1unoD) 6'ON NOISIAIO S3H3NVH 310HON CC I 101 lg N103NI1 '8•ZlE'ON 1Vld SV 000Z H380130 031H 1V1d 1VH1019NIOH000V'ONIWOAM'AINf103 N10ONI1'6'ON NOISIAIO S3H3NV11 31080N HO EEL 101 :Suadoid paquosap;Iuimollo3 agl `ales jo aamod ipiM `aapua101 s1UniJBM pug sagaliow `sAanuoo `suig;3irq 4 sluui8 iotg;IyioN luatun11sui Munoas situ iapun aounuuojzad s,io2r2poj pug (molaq pauuap) 1gac pampas am amoas 01 pug `pa;3paimotnpr Si gonlm 30 SoUaioulns pure ldtaoaa aq1 `uopn1apisuoa alggniun pure pool and 'aDNIVAaAN00 'Z "sluaw &paimoulon pug saanlgu;3is aiagl `s1O2g2IIOIAi Inuoilippr .Jo3 `maim! palnaodaooui wnpuappd pagogl1 am 01 .ia3a.i 'papaw 3I aup pug BIec Suipaoaag .zog aun sita aeogv aaedS S IVO1AA •d c1�'aINV43il 3 if:),W�r 3N :Q U4. J3J l0 >1U31O )1NflO3 N 103N1P 0 3A1333L-i ui palgool si ,iiadoid ails CV19IE0 011E8 AM'N011V L008 X08 Od 13381S NO19NIHSVM b8E A311VA HVIS 10 ANV8 3111 :11HUNTI 8Z158 AM'3NId1V 990E X08 Od NOSH3d 31ONIS V'A0d1IX 'M A3>1113r :2I0OdonloJ :smollo3 st aig `pannbaa 3i `saagwnuuotlnouiluapi xul pun sassa.ippu aiagl 'sawed 100Z-ONO 5! (luawn.ilsui i(limoas) afn2l.IOJA sup 3o awl) a'U. 'SaI.L)Idd QAiV L.LVU 'I (asngi0 aoUnnpd amin3 g4M) aDvx L Io[ 6 z JDVd NI008 ?9IJL8 Smcao4M Jo alg)S EMI 1®” N088 33S pois1 sp4 i, 11 B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender under any promissory note, contract, guaranty, or other evidence of debt executed by Mortgagor in favor of Lender executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All obligations Mortgagor owes to Lender, which may later arise, to the extent not .prohibited by law, incltding, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Mortgagor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Lender any notices that Mortgagor receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 7. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor's payment. Mortgagor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to maintain or improve the Property. 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims and actions against Mortgagor, and of any loss or damage to the Property. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Lender shall give Mortgagor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 10. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, including completion of the construction. 11. ASSIGNMENT OF LEASES AND RENTS. Mortgagor irrevocably grants, bargains, conveys, mortgages and warrants to Lender as additional security all the right, title and interest in and to any and all existing or future leases, subleases, and any other- written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases and rents, issues and profits (all referred to as "Rents Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor is not in default under the terms of this Security Instrument. Mortgagor agrees that this assignment is immediately effective between the parties to this Security Instrument. Mortgagor agrees that this assignment is effective as to third parties when Lender takes affirmative action prescribed by law, and that this assignment will remain in effect during any redemption period until the Secured Debt is satisfied. Mortgagor agrees that Lender may take actual possession of the property without the necessity of commencing legal action and that actual possession is deemed to occur when Lender, or its agent, notifies Mortgagor of default and demands that any tenant pay all future Rents directly to Lender. On receiving notice of default, Mortgagor will endorse and deliver to Lender any payment of Rents in Mortgagor's possession and will receive any Rents in trust for Lender and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Mortgagor warrants that no default exists under the Leases or any applicable landlord /tenant law. Mortgagor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. ©1994 Bankers Systems, Inc., St. Cloud, MN 11- 800 -397 -2341) Form RE- MTG -WY 11/18/94 (page 2 of 4) (7 Jo g abed) JO puma lou Timis igdpuud of spaaooJd jo uopro!iddE Am/ •uoildo s,Japua'l 311 `anp tram iou 10 Jatilagm `mac paJnaas 0133 Ol Jo A313d0ld aq1 Jo Jpud0J 10 uo31EJO1s0i aril of panddE aq iiEgs spaaooJd aouElnsui iiE `au31jM uT polar astMJaglo ssaiu fl •Jo2E2uow Aq AIa1E3paTutun apetu lou Ji ssoi jo 3ooid mar AEtu Japua'l •lapua'l pug Ja311E0 aouEJnsui am 01 aoilou alE►paumun aAT2 !imp Joarapop `ssoi uodll •saoilou iEMaual puE stuniuiald P3ud jo sldiaoa1 Japua'i of ani2 ,iialEipauiun iiEgs Jo2E211ow `saimbai Japuari Jr •siuMauai puE sartiod am plot! o3 map at!) anEq iiEgs Japua'l 'aougjnstn am jo uopgu3UUa3 Jo UGHEiia0UE0 jo lapua'l AJilou Alalgtpatutui iiEgs Jo2E231oN „•asnEio aa(Ed ssoi„ `alquolidde aij `puE „asngp a2E2lioui„ piEpuEls E apnpui wells puE Japua-i o3 aigE3daooE aq iiEgs siEMaua1 puE sapiiod aouEJnsui ily •luauinllsul Alunoas sigl jo suual am 131 Suipi000E Apadold am u3 slg2u s ,JapuaZ 1Da1o1d of a2EJano3 u3E3go `uoildo s,Japua'l 1r 'Amu Japuai `anogi paquosap a2EJano3 aq1 umulu u 01 sI3uJ Jo2E21JOw Jr •Piatprgm Aigguosgalun aq lou Hurls goium `lgnoJddE s,Japua'l ol.loaCgns Jo2E2lloj Aq u3so130 aq imp aouEJnsui agl atup3AOld 1at11E0 aouEJnsui aqj, •saltnbal lapua'l irtp spouad aT'l JOJ puE slunotur dgl u3 pauiEluIrth aq ,lEgs aDuclnsu3 si13,l, 'uoT1E 301 pug S33 01 anp Almadold 9131 g13M pa3EioossE A3quuosga1 S)jsI1 puE spiEzEq Jamo puE um!) `poo3J `0131 Sq. ssol 1su3E2E palnsui A1JadoJd daa3l !Tells Jo2E2110 k •aDNy2If1SNI •luaUInoop ua11 Jatilo 10 luatuaa12E A3un3as `3sn11 jo paap `a2E211out loud AUE Jo suilal all of loafgns st spaaOo1d Jo 3uatuua!ssE s!tu, •luaUJnllsul A3tm3aS sup ui paP3nold sr pa!lddE aq t1IM puE sivatuAEd paJapisuoo aq imp spaaooJd tons •A31ado1d aril jo 3JEd SUE 10 ur Jo 2Up>jul Jag10 Jo uoi2EUtuapuoO E gT!M paloauuoo sa$EtUEp Joj UnuiO 10 pJEME AUg JO spaaooJd a133 Japua'l of Su2TSSE Jo2E21Toy. •SUITEj3 JO SuoT10E paguosap anogE a133 jo AUE ui amyl' s,J02E21JOw ui auanla2U1 03 Japua'i sazi1OglnE Jo2E231oySi 'SUEatu laglo SUE 10 `uiEtuop mamma `uo!2EUUiapuoo 1321101111 A31ado1d agl Jo ire 10 Aug a)j13 10 asu1301nd Ol sailj2ua OTignd Jo a1Enud Aq `uopoE paua1Ea1131 10 auipuad Atm Jo 331ou idtuoid Japua-i an32 iiiM Jo2E21JOy.4 •NOI,LVNI JaUNOD ME'i iE3uatUUOJ3nug SUE JO uoi3Eioin a133 10 00uE3sgnS snopJEzEg £uE jo neap.' paua2Ea11 l 10 asEaiaJ am 01 2u31Eia1 2uipaaoo1d 10 `uiigp `uoi1E2psanui paua3Ea1g3 10 auipuad Aur s3 010131 analpq Ol uosEaJ SET JoBE21JOw sE uoos sE 2u3331M u3 Japua'i AJ33ou Ala1E3patutu3 Begs Jo2E23J0 A 'ME1 1Eluau1UOJinug AuE [HIM aOUEp1000E 113 uoi13E 1gipatual AJESS000U HE alm Bugs Jo2E2310J4 `3uana uE 13311 Ui 'A1Jadold aq3 atutuaonoo ME'i lg2uauraOJTAUa Am JO U0T1E10TA E si aJagl 10 Apado1d aq1 1110(111 10 Japun `110 m000 a0UE1s(lns snop1gzgg E JO amp.' paualWa1gl JO 05110101E JI Japua'i AJT1ou A Mg-r mtrautuonnug algEoudd1 Cu E g3tM aouuiiduioo iinJ ui mutual uEtis puE `01E `uaaq 0Ag14 MUM AJaAa pug Jo2E21ioW `lapua'l 01 Suil1M uT paapaiMOTnio1 pup pasopsip Alsnopta1d sr 3daoxg •A3Jado1d a133 Jo a0ugualu3Etu puE asn 3Etluou 0133 10J a2E!JdolddE aq 03 paziudooa1 Ailuuaua2 31E 1ET31 sa3UElsgns snopJEzEg Jo sat3T3uenb 13Euts 01 Sidd& Sou saop uoT3ou3saI spa •Alladold 0111 UT Jo u0 pasga[a1 Jo palols 'palm! aq iiiM Jo Si 031E1sg1S snopJEzEg ou `Japua-i 01 2ut1T1M uT paapalMOU)(OE puE pasolaslp Alsno1naId sE 3daoxg •y :3B iT 3 saaJSE pug s3UE11EM `slUasaJdal 1o2E21JOJAJ pluaumOJinug Sur Japun „aouElsgns snopJEzEg„ 10 „a1SEM snopJEzEg„ „`saouElsgns OTXO1„ „`3EUa1EU► snopJEzEg„ SE pauT3ap Saou1lsgns AUE `uop1lituii lnotpIM `sapnpui tu1a1 aqy •3uaUIUOJInua Jo a1EJpaM 'Ala3Es `glluaq oiignd am 02 sn0Ja2ugp AijEiluaiod Jo snonauup aouElsgns 3133 Japua1 130T13M SOilsilal3EJEg3 sEg gPi3M 3ugulure 1100 JO =mod 'mum `11!1al1tu snopJEzEg 10 an110EO1pu1 'owl Sur sugaui aouulsgnS snopJEzEg (z) pau `.aou13sgns snopJEzEg E 10 luatuuol3AUa `a.tu33aM `AlaJus `tpigati oiignd aril 2u1UJ03UO3 sJal2ai anilald1alut Jo suoiuido mama Aauzo32E `S131310 311100 `saougutp10 `suoi3EinaaJ `SMUT rem pug awls `3EJapaJ 1a131O !iv puE bas 3 a 1096 `y'I3u 3) 3 A1i13ggn pup uopusuaduioa `asuodsag 1Eluauiuol!Aug an1suagaldtuo3 am `uo33E13tu33 lnogllAt 'smut M111 3E1uaUTUO11AUg (l) `uoj3oas sup u3 pasn sy 'SaDNVISInS SIlOQIIVZVH (INV SMVI 'IVJ.N1LAINOIIIANg '9 •as1033111011S JO moo uoi3Ep103a1 Atm 10J Sad 02 50012E 102E2110IA 'paSEai3J 3Tlun 10ajja ut uIEtuaI iiEgs luatutulsui A3unoaS s!UJ, •1apua7 atp Jo aaAoidUia paPEius E 10J SaaJ ,sAau1o3l1 apnpui Sou saop lunotuE s3gy •sasuadxa Ma! 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Any excess will be paid to the Mortgagor. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition: 19. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 20. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. 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 Lender's lien status on the Property. 21. JOINT AND INDIVIDUAL LIABILITY; CO SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. 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. Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. 22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 23. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors. 24. WAIVERS. Except to the extent prohibited by law, Mortgagor waives any right regarding the marshalling of liens and assets and all homestead exemption rights relating to the Property. 25. OTHER TERMS. If checked, the following are applicable to this Security Instrument: Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Mortgagor grants to Lender a security interest in all goods that Mortgagor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] Condominium Rider Planned Unit Development Rider Other Additional Terms. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortga or also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. (Signa J' EY W. KILROY 00/ (Date) ©1994 Bankers Systems, Inc., St. Cloud, MN 11 -800- 397 -23411 Form RE- MTG -WY 11/18/94 (Signature) N`iT .l( Ka1 O C1 (Date) ACKNOWLEDGMENT: STATE OF WYOMING COUNTY OF ss. (Individual) This instrument was acknowledged before me this 30TH day of JAN R b JEFFREY W. KILROY, A SINGLE PERSON My commission expires: 31 c 2< 0 (Notary Public) (page 4 of 4)