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HomeMy WebLinkAbout871072E6 /9Z /0l AM-JIW -O0/0V wiO4 II1,EZ NW'Pn0I3't'S "0u1 •swslsASsiaNus8 E66 L (g /o eBed( (S3S0dHIIdH INOSNOOHOI ION ONV '3Sn VAHOVH4'OW1H31IWNdHOdION/ 30VO1tHOW 1V10N3WWO0 /1vun11noluov DNIWOAM (apoD dIZ) mite RutumAM 3NV1 H31H'ti8 lr sassaippE nags pug sapzrd agl puE (asap 4i nsrnu 'asvvr ssaaasu/ junowo asou 'aurou s,.lanto.LSOq '•8•a) aNI'tYslitlidiantaVunni' bilao UAW Udi'14'd4i:'tb'es Ad 11Vl0WV 3H1 M Iitl l d31Vb i101il A$OSSIWOdd 1Nb :(lgaQ Jo aouapng) suopnitlsgns io suotlgogtpout 'siEmauaz `suotsualxa ire puE mopq paquosap lgap jo aouaptna zagio so (s)Alurzrn2 `(s)losiluoo `(s)alou Alossttuold aqZ •y :;3utmoiioj aql `ol paltuui 1ou st lnq `sapniout „1gau pamoas„ uual aq,1, 'QaMI3aa aalInDaS 'b &utlilm alelydas r ut of paadg aq of paau mom luaurquuuoo lions Auy •lunoure Aug it! sao0enpr 10 sueoi aupnj 10 iruop ppE mtu of luautltuuuoo r alnitlsuoo iiegs 'Jana/wog `aWrBizolAI sail trt 8uppoN •paournpE aq l aA lou Am Ind zo tie qanogl uana a2r2ilo1,1 stt Aq pamoas ont `suopEBtjgo aznln3 zaglo q•m Suoir `pue paleidulaluoo ale saournpE anima •agg2pow spp 111 pautEluoo slueuanoo agl ;o Aur uuojiad of pur Alunoas s,.tapuaj loaloid o1 a;lEBlzoysi stgl jo suual aql lapun apeur (saouvApr guns uo panlooE lsalalut 1o) saouEnpE o1 Aiddg loU saop pur a2r`duoyN stgi 01 1uEnslnd apE» Aiptiun saBi p laglo puE saa3 ,sAaulofE `suotsstuttuoo a2Eialolq `saaj luatuqurwoo `sa;3lrgo uEoi `lsaaalut apniout loo saop lunotuE 3o uojlEltuni SRJ STO4E'ted paaoxa loo begs atop aU0 Atm 1E a2e2110141 stgl Aq painoas (paut;ap 1aueazaq) Igau pampas alp jo lunoute irdtouud irloi •pagstigrlsa lanamoq `Alzadozd alp Q1TM paletoossE slgru za1EM pue uEUedu iir pue alrlsa tram Ot l uo palm' slurp pur salts 1tonlaSa1 `sltonzasal 'satpltp 'zalrn `sham zalum itg pug Aug 'ol paltuiti 1ou st lnq `sapniout osir Al1adold tidal ota „Alzadold„ sr 01 pauajal HE) anogr paquosap a2Elsa pat alp 3o 1.trd aq `azninj alp ut autp Aur 1E 10 `MOU ,trot trip sluatuaoridal pur `salnpgj `saln1on11s 'sluatuanoldtut aznlnj pur Sutlstxa rig pug 'slaonpoid dojo 01 apetu sivatuAed Aped patgl 10 sluatuAed u0tslantp i1e `laquni 'scion `sig8u sr 3 pug ito `s1q2u 'mum 'sapirAo1 `saouruapndde `sluatuasra 'sat !1 ire gltm latpa;3o1, Kalif wuno3) N103NI1 'd03H3H11Vld 1VI311d0 3H1 NO 038IH3S30 SV ONIWOAM'AINl03 N103NI1 'NOISIAI08f1S H3WW-000a 3H110 E 101 :Aizadozd paquosap &utmotiO3 aql `ap s 30 lamod aqi 1 ltm `zapua-J Ol sluel1Em pur saE;33zour `sAanuoo 'sutr$1rq 's1uu1$ 10$E2l1oyki `(pauuap 1aljralaq) 1gaU pumas aql alums 01 pu `po paimouloE st gotgm 3o AouatoS3ns pur ldtaoal alp `uou 1optsuoo aigrniun pug pool 103 'a VD.L?IOb1i 'Z •s1o;lE2llow p1UOtltppE 103 Uta1aq pale1odloout pug pagorl2E st tomtit tunpuappy ag1 0110Ja)i LJ 3NV1 H381 ti6 31IM ONV ONVBSf1H 'VI110330 'V 3NNVX0II ONV VIH0330 'V OIAVO :1100V9,1,1101A1 :smolto3 sE a1 100Z•15-10 st agegl1O1A stg1 algp ag 'SaIZMIWI (INV a,LVQ (asnE10 aouunpy alnlnd tpt.M) DvfJl1101 J HIVISH ZV BIrQ Sulpzoaag ao,,3 aul €1111 aAOgy ands JNINORm '213N3INW3)I flN V/V1 JNNV31. :C Wd 1 C PUyr 10 >s nio AiNflo0 N1Q3 I1 0 3A1303J L aDyd 2IcT }i00nf ?L01L8 arty '.LIy�iI'T NOI.LVDPIgO NiflbliIXVI1i (ssatppy) tit P01 01 st A11ado1d aqZ b LIEe A1th'Nd1Yd L00§ Xbg Od 133b1S iVOi.ON1NsVNi Vet 131W I Adis 'lb' Mil 3Ni :1IaUls131 011£9 AM'NOIdV SupuoLm 3o alms 'i 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 existing now or executed after this Mortgage whether or not this Mortgage is specifically referred to in the evidence of debt. C. All obligations Mortgagor owes to Lender, which now exist or may later arise, to the extent not prohibited by law, including, 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 Mortgage, plus interest at the highest rate in effect, from time to time, as provided in the Evidence of Debt. E. Mortgagor's performance under the terms of any instrument evidencing a debt by Mortgagor to Lender and any Mortgage securing, guarantying, or otherwise relating to the debt. If more than one person signs this Mortgage as Mortgagor, each Mortgagor agrees that this Mortgage will secure all future advances and future obligations described above that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. This Mortgage will not secure any other debt if Lender fails, with respect to such other debt, to make any required disclosure about this Mortgage or if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees to make all payments on the Secured Debt when due and in accordance with the terms of the Evidence of Debt or this Mortgage. 6. 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 Mortgage. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses which Mortgagor may have against parties who supply labor or materials to improve or maintain the Property. 7. 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 and that may have priority over this Mortgage, 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 make or permit any modification or extension of, and not to request or accept any future advances under any note or agreement secured by, the other mortgage, deed of trust or security agreement unless Lender consents in writing. 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 any lien, encumbrance, transfer, or sale, or contract for any of these on the Property. However, if the Property includes Mortgagor's residence, this section shall be subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. For the purposes of this section, the term "Property" also includes any interest to all or any part of the Property. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Mortgage is released. 9. TRANSFER OF AN INTEREST IN THE MORTGAGOR. If Mortgagor is an entity other than a natural person (such as a corporation or other organization), Lender may demand immediate payment if (1) a beneficial interest in Mortgagor is sold or transferred; (2) there is a change in either the identity or number of members of a partnership or similar entity; or (3) there is a change in ownership of more than 25 percent of the voting stock of a corporation or similar entity. However, Lender may not demand payment in the above situations if it is prohibited by law as of the date of this Mortgage. 10. ENTITY WARRANTIES AND REPRESENTATIONS. If Mortgagor is an entity other than a natural person (such as a corporation or other organization), Mortgagor makes to Lender the following warranties and representations which shall be continuing as long as the Secured Debt remains outstanding: A. Mortgagor is an entity which is duly organized and validly existing in the Mortgagor's state of incorporation (or organization). Mortgagor is in good standing in all states in which Mortgagor transacts business. Mortgagor has the power and authority to own the Property and to carry on its business as now being conducted and, as applicable, is qualified to do so in each state in which Mortgagor operates. B. The execution, delivery and performance of this Mortgage by Mortgagor and the obligation evidenced by the Evidence of Debt are within the power of Mortgagor, have been duly authorized, have received all necessary governmental approval, and will not violate any provision of law, or order of court or governmental agency. C. Other than disclosed in writing Mortgagor has not changed its name within the last ten years and has not used any other trade or fictitious name. Without Lender's prior written consent, Mortgagor does not and will not use any other name and will preserve its existing name, trade names and franchises until the Secured Debt is satisfied. 11. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor will give Lender prompt notice of any loss or damage to the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor will not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restriction limiting or defining the uses which may be made of the Property or any part of the Property, without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims, and actions against Mortgagor or any other owner made under law or regulation regarding use, ownership and occupancy of the Property. Mortgagor will comply with all legal requirements and restrictions, whether public or private, with respect to the use of the Property. Mortgagor also agrees that the nature of the occupancy and use will not change without Lender's prior written consent. Aia portion of the Property will be removed, demolished or materially altered without Lender's prior written consent except that Mortgagor has the right to remove items of personal property comprising a part of the Property that become worn or obsolete, provided that such personal property is replaced with other personal property at least equal in value to the replaced personal property, free from any title retention device, security agreement or other encumbrance. Such replacement of personal property will be deemed subject to the security interest created by this Mortgage. 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Any loan proceeds are used for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion of wetlands to produce an agricultural commodity, as further explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M. 16. REMEDIES ON DEFAULT. In some instances, federal and state law will require Lender to provide Mortgagor with notice of the right to cure, mediation notices or other notices and may establish time schedules for foreclosure actions. Subject to these limitations, if any, Lender may accelerate the Secured Debt and foreclose this Mortgage in a manner provided by law if this Mortgagor is in default. At the option of Lender, all or any part of the agreed fees and charges, accrued interest and principal shall become immediately due and payable, after giving notice if required by law, upon the occurrence of a default or anytime thereafter. In addition, Lender shall be entitled to all the remedies provided by law, the Evidence of Debt, other evidences of debt, this Mortgage and any related documents including without limitation, the power to sell the Property. All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law or equity, whether expressly set forth or not. The acceptance by Lender of any sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Lender's right to require full and complete cure of any existing default. By not exercising any remedy on Mortgagor's default, Lender does not waive Lender's right to later consider the event a default if it continues or happens again. 17. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when prohibited by law, Mortgagor agrees to pay all of Lender's expenses if Mortgagor breaches any covenant in this Mortgage. Mortgagor will also pay on demand all of Lender's expenses incurred in collecting, insuring, preserving or protecting the Property or in any inventories, audits, inspections or other examination by Lender in respect to the Property. Mortgagor agrees to pay all costs and expenses incurred by Lender in enforcing or protecting Lender's rights and remedies under this Mortgage, including, but not limited to, attorneys' fees, court costs, and other legal expenses. Once the Secured Debt is fully and finally paid, Lender agrees to release this Mortgage and Mortgagor agrees to pay for any recordation costs. All such amounts are due on demand and will bear interest from the time of the advance at the highest rate in effect, from time to time, as provided in the Evidence of Debt and as permitted by law. 18. 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, 42 U.S.C. 9601 et seq.), 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 Substance" means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances," "hazardous waste" or "hazardous substance" under any Environmental Law. Mortgagor represents, warrants and agrees that, except as previously disclosed and acknowledged in writing: A. No Hazardous Substance has been, is, or will be located, transported, manufactured, treated, refined, or handled by any person on, under or about the Property, except in the ordinary course of business and in strict compliance with all applicable Environmental Law. B. Mortgagor has not and will not cause, contribute to, or permit the release of any Hazardous Substance on the Property. C. Mortgagor will immediately notify Lender if (1) a release or threatened release of Hazardous Substance occurs on, under or about the Property or migrates or threatens to migrate from nearby property; or (2) there is a violation of any Environmental Law concerning the Property. In such an event, Mortgagor will take all necessary remedial action in accordance with Environmental Law. D. Mortgagor has no knowledge of or reason to believe there is any' pending or threatened investigation, claim, or proceeding of any kind relating to (1) any Hazardous Substance located on, under or about the Property; or (2) any violation by Mortgagor or any tenant of any Environmental Law. Mortgagor will immediately notify Lender in writing as soon as Mortgagor has reason to believe there is any such pending or threatened investigation, claim, or proceeding. In such an event, Lender has the right, but not the obligation, to participate in any such proceeding including the right to receive copies of any documents relating to such proceedings. E. Mortgagor and every tenant have been, are and shall remain in full compliance with any applicable Environmental Law. F. There are no underground storage tanks, private dumps or open wells located on or under the Property and no such tank, dump or well will be added unless Lender first consents in writing. G. Mortgagor will regularly inspect the Property, monitor the activities and operations on the Property, and confirm that all permits, licenses or approvals required by any applicable Environmental Law are obtained and complied with. H. Mortgagor will permit, or cause any tenant to permit, Lender or Lender's agent to enter and inspect the Property and review all records at any reasonable time to determine (1) the existence, location and nature of any Hazardous Substance on, under or about the Property; (2) the existence, location, nature, and magnitude of any Hazardous Substance that has been released on, under or about the Property; or (3) whether or not Mortgagor and any tenant are in compliance with applicable Environmental Law. I. Upon Lender's request and at any time, Mortgagor agrees, at Mortgagor's expense, to engage a qualified environmental engineer to prepare an environmental audit of the Property and to submit the results of such audit to Lender. The choice of the environmental engineer who will perform such audit is subject to Lender's approval. J. Lender has the right, but not the obligation, to perform any of Mortgagor's obligations under this section at Mortgagor's expense. K. As a consequence of any breach of any representation, warranty or promise made in this section, (1) Mortgagor will indemnify and hold Lender and Lender's successors or assigns harmless from and against all losses, claims, demands, liabilities, damages, cleanup, response and remediation costs, penalties and expenses, including without limitation all costs of' litigation and attorneys' fees, which Lender and Lender's successors or assigns may sustain; and (2) at Lender's discretion, Lender may release this Mortgage and in return Mortgagor will provide Lender with collateral of at least equal value to the Property secured by this Mortgage without prejudice to any of Lender's rights under this Mortgage. ©1993 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form AG /CO- MTG -WY 10/25/93 (page 4 of 6) /g Jo g aged/ C6 /5Z /0l AM /DV wiaj (IPCZ 008 1) NW 'Photo YS "auk swelaAStmue8 0661® II 4S 1eln 2uts atp `pasn 1anauatlm •a2E211OJ step jo laputtmal at42 jo A1lllgeaololua am 10333E mu mitt puu palanas aq !um asnup 10 1101130S 111142 'M101 sit of Sutp000r paotolua aq 2ouuea a2t2uow sup jo asnup 10 110930S AU1131 •3uatuaat2e ua111M Aq suof11t1En aqi situuad Alpatldmt 10 Alssazdxa Mel iutp ssalun `antiaa33a aq lou II!M ME1 atquotjdde tfIM s33iguo3 111g1 1gaQ pamoas am 01 pa1tla1 ivatuaa12' Aue 10 `sluaUttptllg 'a211211oN still u! asnelo 10 110933S dud •luamaa1S11 11110 Aq pagtpom 10 papuaute aq 2011 Amu a2112uoyN1 stq,l, •pariffalu4 AIInu put alaldmo3 s1. a2dd1ow 511I •pa1>?ooj si Ailadold aril aza1lM uotiotpstznf atp jo start am Aq paztnbaz astMlagio wawa aim of ldaoxa `paleool s! lapua7 tplgm 111 uotlo!Psunf am to snixt atl1 Aq pauzano2 s1. a211211oySj sItLL 'NOIZV.L3?Id83.LNII I1[,LI'IIgd2I3A3S IMV'I ntwaI'Iddv '1.'Z •sMtl uotlog -auo 10 A3ua131jap -911u `01 4231111021ou 1nq 'utpnpu! uop11241go atp lapun palgaput AUud Aut J0102E4101\1 1sup2u cutup 10 uop3E Auu 2ul2upq tu0zl lapua7 2Uanald Amu lttp sm5I1 Atm an!M of saa1211 10211221044 'pat2treltn5 st [palm uopE2ggo am amoas ,Cpoaztp 2011 saop put 1o2112uoyA1 put lapua7 uaaMlaq AlumtnS 11 sainoas a2112uow situ 3I •1apua7 put 1o2t2210141 to su2tsse put szossaoons aq1 lgauaq put pulq lands a2u2210 A mu to smauaq put satlnp ally •a2uffuoN situ to stuzal aq1 tuo11 zo211SUow astala. 1011 Il!M a2U1l a gins 1110s1100 S,10 1101A1 inotfiM 2gaQ to aouaptng am 10 a5u2210 AJ spu to suual am u! aSuetio Auu a)fEtu 10 Altpom `puma A11tu a2ESUoyil 5 4 1 11 02 /curd Au11 puu lapua7 igtp saal2e 1o2RSUoJQ •1gmQ pamoas aqi uo aig11l! 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The captions and headings of the sections of this Mortgage are for convenience only and are not to be used to interpret or define the terms of this Mortgage. Time is of the essence in this Mortgage. 25. 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 Mortgage, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors. 26. 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. 27. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Mortgage: Construction Loan. This Mortgage 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. Crops; Timber; Minerals; Rents, Issues, and Profits. Mortgagor grants to Lender a security interest in all crops, timber and minerals located on the Property as well as all rents, issues, and profits of them including, but not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar governmental programs (all of which shall also be included in the term "Property"). Personal Property. Mortgagor grants to Lender a security interest in all personal property located on or connected with the Property. This security interest includes all farm products, inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items of personal property Mortgagor owns now or in the future and that are used or useful in the construction, ownership, operation, management, or maintenance of the Property. The term "personal property" specifically excludes that property described as "household goods" secured in connection with a "consumer" loan as those terms are defined in applicable federal regulations governing unfair and deceptive credit practices. Filing As Financing Statement. Mortgagor agrees and acknowledges that this Mortgage also suffices as a financing statement and as such, may be filed of record as a financing statement for purposes of Article 9 of the Uniform Commercial Code. A carbon, photographic, image or other reproduction of this Mortgage is sufficient as a financing statement. 28. OTHER TERMS. If checked, the following are applicable to this Mortgage: 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 Mortgage will remain in effect until released. Additional Terms. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Mortgage and in any attachments. Mortgagor also acknowledges receipt of a copy of this Mortgage on the date stated above on Page 1. (Individual) Actual authority was granted to the parties signing below by resolution signed and dated Entity Name: Entity Name: .r< c-P (Signature) (Date) (Signature) (Date) DAVID A. DECORIA 'n, d w- 41 644 011 (ignature) (Date) (Signature) (Date) ROXANNE A. DECORIA Refer to the Addendum which is attached and ACKNOWLEDGMENT: STATE OF WYOMING .0 's LI t i s c 9wles1 d jpf y Tet eia X. Fiom Nol t' is ^i y ct e 21 Linct My Commission Expires: Wyoming May 9, 20C^ .ate incorporated herein for additional Mortgagors, signatures and acknowledgments. COUNTY OF LINCOLN ss. re me this 31ST day of JANUARY, 2001 RIQ AND W(FE 'STATE OF COUNTY OF ss. This instrument was acknowledged before me this day of by (Business or Entity Acknowledgment) of a My commission expires: (Seal) 01993 Bankers Systems, Inc., St. Cloud, MN (1 800 397 2341) Form AG /CO MTG WY 10/25/93 (Notary Public) (Notary Public) 881 Gazki!JX.l. LA -Nrni: iA .Q (Title(s)) (Name of Business or Entity) on behalf of the business or entity. (page 6 of 6)